Altcoin (ALT), is Going to Die Under the Strict Blockchain Regulation

Recently, the blockchain supervision storm has hit. Tencent has blocked the blockchain public number, the US Supervisory Board has shut out a batch of bitcoin ETFs, and the digital currency and ICO are facing global supervision. In this case, there will inevitably be a large number of worthless cryptocurrencies that will perish. Altcoin alt is one of them and it is going to die soon.

 

Altcoin is referred to as ALT and is the property of the first Bitcoin Capital Corporation. Altcoin (alt) was created to gain maximum market share. And the ALT coins are used to buying advertising space on publications. Why is Altcoin going to perish?

 

1. Altcoin is a project with no substance, no one maintains it. You can search the information about Altcoin online. You will find that you can't get some information about it, even the related altcoin news reddit is also not available. And there is not valuable information on its official website. How can a good project or a potential cryptocurrency be not maintained and promoted by an excellent?

 

2. We can see from the Altcoin chart that the price of Altcoin to USD was originally quite steady. The Altcoin price to USD hit the historical high of $322.44 on Jan 10, 2018. And then the price fluctuation was relatively large with a declining curve. How large is the decline of ALT price with it’s current price is $7.82. This chart is like a bubble. On January 10, 2018, this bubble was blown to the limit and then exploded. There is no possibility of recovery.

 

According to a report prepared by Satis Group Crypto Research, around 81% of the total number of initial coin offerings launched since 2017 have turned out to be scams. Altcoin is one of them , and there will be a lot next, please be cautoius about your investment!