MarketsQuickie[Quickie] Cryptos at yearly lows – more projects will die?

A quick summary - presented by Coinsauce professionals
CoinsauceDecember 2, 20181 min
  • Steemit cutting 70% workforce. They are not the only ones.

  • The epic crash in cryptocurrency prices also resulted in yearly lows for ethereum

  • Projects which raised in ethereum and did not sell earlier are going broke, not being able to pay for expenses

  • This is on top of massive cash burn and lack of monetization

  • If price depression continues, many more projects are expected to go broke.

  • Ethereum’s future may be in question, as ICO markets bottomed. Any price increase must be supported by new use cases, so we look forward to ethereum 2.0

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