Bitcoin Market dominance rate is the highest in a year
Currently, Crypto market is going down. Market leader Bitcoin loses almost $1000 within a couple of days. As a general rule, When Bitcoin down all other altcoins also face downtrend along with Bitcoin. Who said Bitcoin is going to die? For longtime Bitcoin is the king of cryptos.
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If you look at the Market dominance rate of Bitcoin, You will see, It is increasing almost daily. Currently, Bitcoin Market dominance rate is over 57%. This means that Investors are putting faith in Bitcoin. Maybe one day, all the weak project will die due to the fact that they are fake or promised to deliver as expected.
A few weeks back, I found a report that This year almost half of the money raised through ICO is completely wasted. It is now risky to invest in a ICO. Most of the cases founder of these projects already overinflated the price of the crypto. As a result, When a person participated in an ICO, When the token hit the exchange, Unfortunately, token is trading at a lower price than that of ICO price.
Most of the cases, It is true that token will be traded at a lower price than the ICO price. It is regrettable that a lot of projects does not even meet the soft cap. Hard cap is long way to go. I have seen some projects are using a deceptive method of marketing to sell their token.
It will definitely write about that project in future.
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Dear my friend @steemero, i am completely agree with you as usual, expecially in the matter of Ico's, you can read my last post about it: https://steemit.com/scam/@intellihandling/in-my-opinion-savedroid-is-a-scam-ico
I would like to invite you in our @steem-bounty family, a mentor like you will make our family more better and big