Monday , April 12 2021

Criptomercado depression also originates among the tokens | CriptoNoticias

Reducing experienced criptomercado covers not only criptomonedas. Tokens also have their share of red numbers with projects that have lost ground because of the downward trend that has persisted for most of 2018. A recent study conducted by Diar notes that "on the & # 39; volume tokens fell sharply in the basal metabolic rate."

The report indicates that, although there was an increase tokens in the first 10 months of this year, in November, that advantage was lost. The report notes that of the & # 39; the volume of "102 of the 410 chips increased by more than 100% in the period from January to October. Nevertheless, November shows that this figure dropped to 91 in less than a month, Those that remained tokens found some increase of & # 39; the amount of only a few. "

Diar does not mention that the tokens were assessed, but said that the study was conducted based on eight houses change: Binance, OKEx, Huobi, Bitfinex, Krakow, Poloniex, Bittrex and HitBTC. The company explained that the evaluation examined only tokens were exchanged at the beginning of this year and continue to be listed on the mentioned platforms. "On the & # 39; amounts are based on actual marker rather than a pair of conversion or criptomonedas Fiat," Wednesday.

The study also noted that in comparison between this exchange liquidity substantially differs. For Poloniex, «all lists of tokens are smaller & # 39; trading volume than at the beginning of the year"; if Bittrex only three. He adds: "More than 75% tokens that are added to the exchange of this year have seen them on the & # 39; amounts in full decline in the period from October to November. "

markers behavior

Reviewing the behavior of some markers are shown, for example, OmiseGO (OMG) shows a fall in prices since the maximum contribution in 2018 January 8. On that day, we took a marker to 26.14 US dollars. The current value of USD 1:40 sharp fall 95.10% since.


OmiseGO movement of prices in 2018. Source: CoinMarketCap.

A similar scenario occurs, the focus of tokens (BAT), which January 9, 2018 is trading at $ 0.86, but today its price is 0.13 USD, A depression 86.36% of the highest price. Another marker behavior 0x Bear (ZRX), which is 13, he is trading at $ 2.37 in January and then fell to 0.34 US dollars at present disappointment, representing 86.43% compared with the maximum price it reached 11 months ago.

Tokens generally issued in the initial public offerings Currency (ICO) as a funding mechanism. Each project is looking for money, It emits a certain amount of on blockchain platform as Bitcoin, or waves Ethereum, Then they are delivered to investors in exchange for criptomonedas or, in other cases, in exchange for the national currency, as the dollar or the euro.

Fall of Bitcoin experienced throughout the year affect the rest of the criptoactivos. This is because with the & # 39 is an important part of the marketing swaps passes with BTC. In addition, we must remember that the Bitcoin is currently supporting a dominant 54% criptomercado. To remove the main cryptocurrency, the rest follows the same path, although often at higher speeds because Bitcoin still generates a lot of confidence in investors.

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