he mood in cryptocurrency markets is increasingly being compared to the craze for dotcom companies at the turn of the century, as valuations reach new highs. Companies without a business model and with multi-million dollar valuations went bankrupt when the mania subsided.
Cryptocurrency markets are in a similar situation. The overwhelming majority of the 1,385 coins currently available in the markets are unknown, but they are still being bid up to multi-billion dollar valuations.
As of this writing, Dogecoin, a cryptocurrency created as a parody of the bitcoin boom, has a market capitalization of $1.6 billion. The coin's value is justified by the lack of a clearly defined use case or characteristic.
According to Nolan Bauerle, research director at CoinDesk, 90 percent of today's cryptocurrencies will not survive a market crash. Those who survive will have the upper hand in the game, boosting returns for early investors. And, if RBC Capital's estimate of a future $10 trillion market...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...