2017' Archives -
Coinopsy, a website that maintains an active catalog of “dead” cryptocurrencies, currently estimates that 264 altcoins failed to survive the 2018 bear market. Of the projects that did not survive to see 2019, more than half were launched in 2017 through an initial coin offering (ICO).
264 Altcoins Failed to Survive 2018
According to Coinopsy’s catalog of dead coins, 264 cryptocurrencies that were active at the start of 2018 have since failed.
The website defines a dead coin as comprising “a token or coin that has been abandoned, scammed, website dead, no nodes, wallet issues, no social updates, low volume or developers have walked away from the project.”
Two of the projects that died last year did so for the second time, with both Philosopher Stones and Scorecoin having launched in 2013 and failing the following year, before apparently resurrecting as a response to the 2017 bull market.
55% of 2018’s Failed Projects Were Launched Through ICO in 2017
Coinopsy divides dead coins into four categories determined by whether a failed cryptocurrency comprised an initial coin offering, a joke, a scam, or an abandoned project.
Of the 264 cryptocurrencies that failed to survive 2018, 144 comprised ICOs that launched during the preceding year, highlighting the risks associated with investing in initial coin offerings.
The list predominantly comprises ICOs that either outright failed or comprised scams, such as Dimoncoin, a project that “had a loophole in the smart contracts that allowed the creator to mint unlimited tokens.”
The second largest category of cryptocurrencies that died during 2018 were projects that were abandoned by their developers, comprising 27 percent of the year’s death toll. A total of 73 altcoins were abandoned last year, including Rare Pepe Party, Masternode Community Coin, and India Coin.
20 percent of last year’s failed cryptocurrencies are suspected of comprising scams, with 55 projects accused of fraudulent activity.
Do you think that the ICO sector will continue to see widespread failures throughout 2019? Share your thoughts in the comments section below!
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Gun-related deaths in the U.S. last year reached their highest point in 40 years, according to data from the Centers for Disease Control and Prevention’s WONDER database.
Despite the 2018 cryptocurrency bear trend renewing gleeful predictions of bitcoin’s demise from mainstream financial analysts, the leading crypto markets have dramatically outperformed the ‘FANG’ (Facebook, Apple, Netflix, and Google) stocks since the start of 2017.
FANG Stocks Up Between 25% and 115% Since Start of 2017
As with the cryptocurrency markets, the FANG stocks broke into new record highs during early 2017, leading to a multi-month bull trend driven by accelerated momentum. However, in spite of currently posting year-to-date losses between 75% and 90%, the leading cryptocurrency markets have significantly outperformed the FANG stocks since the start of 2017.
At the start of 2017, AAPL (Apple) was trading for approximately $ 115. After rallying throughout 2017, APPL continued to set record highs during 2018 before going parabolic in the third quarter following a breakout above $ 1 trillion in market cap.
Since establishing an all-time high above $ 230 at the start of October, APPL has aggressively retraced roughly 30% back to currently trade for approximately $ 165, resulting in the stock having gained approximately 43% since January 2017.
Of the FANG stocks, FB (Facebook) has seen the greatest price volatility in price over the past two years. Trading for approximately $ 115 at the start of January 2017, FB saw 12 months of predominantly bullish action before producing a roughly 23% retracement from a then-record high of $ 195 down to $ 150 during the first quarter of 2018.
The second and third quarters of 2018 saw FB rally to post a record high of nearly $ 220, before suffering a violent 40% crash to establish local support at $ 125. As of this writing, FB is trading for $ 144, equating to a gain of 25% since the start of 2017.
NFLX (Netflix) has been the strongest performing of the FANG stocks since January 2017. NFLX began 2017 trading at nearly $ 125 before producing 18 months of sustained bullish action.
Since producing a double-top at approximately $ 420 during June and July, NFLX has recently retraced by roughly 40%. As of this writing, NFLX is consolidating at the $ 265 support area, resulting in a price gain of 115% in nearly 24 months.
GOOG (Google) has been the least volatile of the FANG stocks in the last 24 months, beginning 2017 at roughly $ 772. GOOG then produced 19 months of mostly bullish price action, before double-topping at roughly $ 1,255 during July and August.
GOOG has suffered the smallest losses of the FANG stocks since posting its current all-time high, having retraced nearly 20% to test support at $ 1,000. GOOG is currently trading for $ 1,042, equating to a price gain of 35% since January 2017.
Top Crypto Markets Gain Between 200% and 4,000% in 24 Months
At the start of 2017, the top five cryptocurrencies by market cap were BTC, ETH, XRP, LTC, and XMR.
Despite losing nearly 77% since the start of the year, BTC has gained nearly 250% since January 2017, gaining from nearly $ 965 to currently trade for $ 3,344.
In spite of posting a YTD loss of 88.5% as of this writing, ETH has gained over 1,000% in nearly 24 months, rising from $ 8 to $ 88.5.
Of the top crypto markets from the start of 2017, XRP has since produced the largest gains, with prices increasing nearly 4,350% from roughly $ 0.0065 to 0.29 today, despite posting a YTD loss of 87%.
Although LTC has yielded a YTD loss of 90%, the now seventh-ranked cryptocurrency by market cap has still produced price gains of more than 500% since the start of 2017, gaining from $ 4.33 to $ 26.5 today.
While XMR has slipped to rank 12th by market capitalization and produced a YTD loss of 88.5%, Monero has gained nearly 200% since January 2017, with prices rising from $ 13.8 to $ 40.4.
Do you HODL or day-trade? Share your favorite trading strategies in the comments section below!
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The Dallas police officer who says she mistakenly went to the wrong apartment after work earlier this week and fatally shot a black man also fired her weapon and wounded a man during an on-duty confrontation in 2017, according to court documents.
Officials originally reported a 23% increase in homicides in 2017, it’s actually an increase of 27%.
CNN.com – RSS Channel – Regions – Americas
Savvy Shields has tied the knot!
The global chemical weapons watchdog says the nerve agent sarin and toxic chemical chlorine were “very likely” used as weapons in two attacks in central Syria in late March 2017.
In our latest historic snapshot analysis, we look at the performance of the top ten cryptocurrency markets since May 28th, 2017. Despite suffering heavy losses during 2018, the average price gain of the top ten markets has been 170% when compared with prices from 12 months ago, with only one of the then leading markets trading at a lower price today.
BTC and ETH up Approximately 240% in 12 Months
With the price of bitcoin trading for approximately $ 7,345 USD as of this writing, the value of BTC has almost tripled since last year.
Then trading for $ 2,173 according to Coinmarketcap, bitcoin had a total market capitalization of $ 35.5 billion on the 28th of May, 2017 – approximately one-quarter of today’s capitalization of $ 125 billion.
During late May last year, Ethereum was in the early stages of a parabolic bull-run that by mid-June would prices up to approximately $ 400.
After having broken above $ 100 for the first time just a few weeks earlier, ETH was trading for $ 171.55 and had a market capitalization of $ 15.78 billion at the time of the snapshot. ETH’s price has since increased by 242% – with the markets trading at approximately $ 586.80. Ethereum has remained the second largest cryptocurrency by total capitalization – currently boasting a market cap of roughly $ 58.5 billion.
Mixed Performances Among Top Altcoin Markets Of May 2017
Like today, XRP was the third largest cryptocurrency by market cap on the 28th of May last year, with a total capitalization of $ 8.8 billion. As of this writing, Ripple has a market cap of roughly $ 23.75 billion, with the price of XRP having gained 162.75% from $ 0.231 to $ 0.606.
With a total market cap of nearly $ 2 billion, XEM was the fourth largest market by capitalization at the time of the snapshot. Since then, XEM’s market cap has grown modestly, with XEM’s current capitalization of $ 2.327 billion making it the fifteenth largest crypto market. The price of XEM has increased by just 20.75% since last year, gaining from $ 0.214 to $ 0.258.
Ethereum Classic is the only top ten cryptocurrency market from May 28th, 2017 to be trading at a lower price today – with ETC having fallen approximately 10% from $ 16.95 to $ 15.28. The total capitalization of Ethereum Classic has also shrunk when compared against last year, with the then fifth largest cryptocurrency market by capitalization now ranked seventeenth with approximately $ 1.557 billion – down from 1.559 billion last year.
LTC Produces Highest Percentage Gains of Top Ten Crypto Markets
Of the then ten largest cryptocurrency markets by capitalization, Litecoin has seen the largest percentage price gains since 12 months ago, with LTC’s current price of approximately $ 118 comprising a 365% increase from $ 25.38 – which was posted at the time of the snapshot.
Today, as with a year ago, Litecoin is the sixth largest crypto market by market cap. The total capitalization of the LTC markets has grown from $ 1.3 billion 12 months ago to nearly $ 6.7 billion today.
DASH, XMR, BCN, and GNT Slide from Top Ten Rankings by Market Cap
Of the highest ranked markets by capitalization from the 28th of May, 2017, only BTC, ETH, XRP, and LTC have retained their position in the top ten – all of which are ranked the same today as they were one year ago.
The then seventh-ranked cryptocurrency by market cap, DASH, now sits at thirteenth – with the total capitalization of DASH having grown from nearly $ 810 million to roughly $ 2.585 billion today. The price of DASH has grown by nearly 190% in 12 months, with DASH gaining from $ 110.5 to $ 319 today.
On the 28th of May, 2017, Monero was the eight largest crypto market by capitalization with a market cap of $ 535 million. Today, Monero is ranked 12th with a total capitalization of $ 2.6 billion. XMR is the second best performing top ten crypto market since May 2017, with the current price of approximately $ 162 comprising a 340% increase from $ 36.86.
12 months ago, Bytecoin was the ninth largest cryptocurrency by market cap with approximately $ 480 million. The BCN markets have since moved to 19th position, with a total capitalization of $ 1.175 billion today. Despite the price of BCN having nearly halved in the last two weeks, BCN is currently trading 142.5% higher than it was a year ago – gaining from $ 0.002634 on the 28th of May, 2017 to $ 0.006385 today.
Golem was the tenth largest cryptocurrency by market capitalization 12 months ago with a total capitalization of roughly $ 360.5 million. Since then, the total capitalization of the GNT markets has shrunk to approximately $ 384.3, making Golem the forty-seventh largest cryptocurrency by market cap. The price of GNT has increased by just 5.3%, gaining from 0.437008 to 0.460301.
Are you still holding cryptocurrencies you purchased last year? Share your experiences in the comments section below!
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