Starting Blockchain Shows & # 39; Life Symbols & # 39; in 2018



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While 2017 has been a staple for the industry & # 39; crypto & # 39 ;, by 2018 things have been a little dark.

Reduced prices, fears surrounding crypto legitimacy, government & # 39; s government interest and concerns about the nature of ICO funding spiked in the past year, all of which have contributed to the storm of confusion and confusion.

Despite putting a lot of emphasis on token prices as a key component of crypto rates, a new industry analysis found that the number of blockchain startups in the sector declined sharply earlier last year.

Features & # 39; Novum Insights & # 39; – overseeing up to 9,000 companies in the business sector called & # 39; blockchain & # 39; and components called & # 39; crypto & # 39; in search of business activities as well as "signs of life" on websites, social accounts and GitHub websites – found in more than 1,811 companies, or 20% of its sample, stopped showing any such signs in 2018, and many simply dropped. to disappear.

The reasons for failure identified by Novum are between white collar and Ponzi schemes where project creators simply lost sight of the highly commercial reasons for poor capital management, failed business structures and transfer rules.

"A number of companies were closed in 2018 after the announcement of India and China considering that cryptocurrencies are illegal in their territory," he said. NovumCEO and founder Toby Lewis.

The failures of the Novum model also affect some of the vertical ones, while the failures affect more than 30% of crypto companies operating in the manufacturing sector, and more than 20% of the entertainment, logistics and cryptocurrency companies. the agricultural sector.

The most popular crypto and blockchain direct for 2018 was education and academia where just over 10% of companies failed.

Despite the decline, a total of 1,065 new ICOs raised $ 21 billion for crypto and blockchain startups last year, although that figure shifted toward Q1 and Q2 when crypto prices rose between 80%. and 90% higher.

Novum's example of crypto companies – which is not officially represented by large corporations – proposes a contract for cryptocurrency trading operations called & # 39; blockchain & # 39; and crypto sectors during 2018, given the high rate of failures and the small number of companies promoting investment.

Time will tell if 2019 shows better signs of life.

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While 2017 has been a staple for the industry & # 39; crypto & # 39 ;, by 2018 things have been a little dark.

Reduced prices, fears surrounding crypto legitimacy, government & # 39; s government interest and concerns about the nature of ICO funding spiked in the past year, all of which have contributed to the storm of confusion and confusion.

Despite putting a lot of emphasis on token prices as a key component of crypto rates, a new industry analysis found that the number of blockchain startups in the sector declined sharply earlier last year.

Features & # 39; Novum Insights & # 39; – overseeing up to 9,000 companies in the business sector called & # 39; blockchain & # 39; and components called & # 39; crypto & # 39; in search of business activities as well as "signs of life" on websites, social accounts and GitHub websites – found in more than 1,811 companies, or 20% of its sample, stopped showing any such signs in 2018, and many simply dropped. to disappear.

The reasons for failure identified by Novum are between white collar and Ponzi schemes where project creators simply lost sight of the highly commercial reasons for poor capital management, failed business structures and transfer rules.

"A number of companies have been shut down in 2018 following the announcement of India and China over considering cryptocurrencies as illegal on their soil," added Novum CEO and founder. Toby Lewis.

The failures of the Novum model also affect some of the vertical ones, while the failures affect more than 30% of crypto companies operating in the manufacturing sector, and more than 20% of the entertainment, logistics and cryptocurrency companies. the agricultural sector.

The most popular crypto and blockchain direct for 2018 was education and academia where just over 10% of companies failed.

Despite the decline, a total of 1,065 new ICOs raised $ 21 billion for crypto and blockchain startups last year, although that figure shifted toward Q1 and Q2 when crypto prices rose between 80%. and 90% higher.

Novum's example of crypto companies – which is not officially represented by large corporations – proposes a contract for cryptocurrency trading operations called & # 39; blockchain & # 39; and crypto sectors during 2018, given the high rate of failures and the small number of companies promoting investment.

Time will tell if 2019 shows better signs of life.