Cryptocurrency firms think that thousands of cryptocurrencies will collapse.
Cryptocurrency firms, CNBC reported on June 3 thousands of cryptocurrencies will collapse says.
According to CoinMarketCap data, approx. 20 thousand cryptocurrencies exists.
According to the news, the collapse of the algorithmic stablecoin TerraUSD, many cryptocurrencies stay on the market He questioned whether he could do it, and showed that not all cryptocurrencies can exist in the market.
Bertrand Perez, CEO of the Web3 Foundation, said at the World Economic Forum last week:
One of the things Terra showed us is that there is a lot of cryptocurrencies in the market. As with the beginning of the internet, there were many companies and most of them were scammers. It wasn’t returning any value but now it’s cleared.
made statements.
Stating that cryptocurrencies may have scores in the future, Brad Garlinghouse, CEO of Ripple, said, “I have a lot of cryptocurrencies. whether it is needed I’m thinking. In the world of fiat money perhaps 180 currencies there is.” made statements.