The dark side of Bitcoin: the price of cryptofauna Pantera Capital fell by 70 per cent since the beginning of the year
Source:
In the cryptocurrency market has many successful projects — among them Bitmain, Circle and many others. But there are bad examples. It seems that soon their ranks will include Dan Morgado Fund Pantera Capital Management, the assets which from the beginning of the year decreased by 72.7%.
The Fall in the value of cryptofauna of the company accelerated in August for 30 days the shares fell by 22.3 percent. The cumulative rate of annual increase fell to 50.3 percent.
How to make money on the crypt
Pantera Capital depreciates at the same rate as all kriptonyte since December of last year, the market capitalization fell by 70 percent, notes .
In April, Dan Marched that in the near future the market capitalization of cryptocurrencies will grow to 40 trillion dollars. At the time to achieve this figure, digital assets need to grow at least 10 thousand percent.
image Source — CoinNewsTelegraph
If the fall of individual companies — not the biggest problem for the market in General, the mass exchange owned by them Ethereum to Fiat money looks much more serious problem. Earlier this year 222 of the ICO project has attracted 5,463 billion dollars and has already sold the coins received in the amount of 5,452 billion.
On the other hand, such events can have a positive impact on the coin in the future. Informed community members Ethereum feared that the ICO can collect in the hands of too many coins that will give their owner the ability to influence the exchange rate. In addition, the company made a profit from the sale of coins — and this is another positive sign for the market.
Let's hope that other major players will not repeat the fate Pantera Capital. And in the future, both the company and the market will emerge from the crisis and begin a phase of steady growth. Learn about the changing trend in the market and not miss the chance to climb on the cryptocurrency in cryptodata of hontarov.
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