RATE Group | Study: About Third of Cryptocurrencies Did Not Develop at All in 2019
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Study: About Third of Cryptocurrencies Did Not Develop at All in 2019

26 Sep Study: About Third of Cryptocurrencies Did Not Develop at All in 2019

Posted at 20:34h in Cryptocurrency News by

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Cryptocurrencies going down

CoinCodeCap, a digital currency blog, recently compiled an analysis of different cryptocurrencies after monitoring their development in 2019. The study consisted of checking the growth of over 2,000 digital currencies, and attempted to find out how many of them have made no significant development.

Publicly available data on all cryptocurrencies currently on the market is not accessible, and was a minor limitation in the study. In the end, the group was only able to acquire market cap for 299 virtual coins out of the total 640 virtual coins in the study while obtaining information regarding exchanges for only 282 virtual coins out of 640.

The study primarily found that at least 640 digital currencies failed to publish any new code this year. It also found that YoBit, a cryptocurrency exchange platform, is the top digital asset exchange for digital coins without code, listing 62 such cryptocurrencies. The aggregate market capitalization of all these 640 cryptocurrencies exceeds $415…

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