RATE Group | Only 1% of Today’s Cryptocurrencies Will Survive
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Only 1% of Today’s Cryptocurrencies Will Survive

07 Nov Only 1% of Today’s Cryptocurrencies Will Survive

Posted at 15:57h in Cryptocurrency News by

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As many as 99% of all cryptocurrencies will likely go to zero, according to a new prediction by Ripple CEO Brad Garlinghouse.

There are too many crypto projects, says Garlinghouse 

In an interview with Bloomberg released Nov. 5, Garlinghouse claimed that there are too many cryptocurrencies so far, forecasting that only 1% of all crypto is here to stay. 

That small number of crypto projects will be game-changing and grow significantly in the decades since they will be focused on solving real problems for real customers, Ripple CEO declared.

Growth is caused by the hype around the market

According to Garlinghouse, the growing number of digital assets is caused by the hype around the crypto ecosystem.

Noting that there are more than 3,000 digital assets that trade on a daily basis to date, Ripple CEO hinted that very few will actually be able to meet customer needs, arguing that the vast majority of them “probably goes to zero.” He stated:

“Anytime there is a new market, there are a…

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