The trading platform has set up delisting mechanisms, can it survival?

According to citicoins statistics, as of 12:00 noon on August 26, 2018, the global digital currency market has a total of 1890 currencies, compared with the same time last week, the addition of 35 currencies. The total market capitalization totaled $213,351,171,660 (approximately $213.4 billion). Compared with the continuous decline in market value in previous weeks, this week’s market value increased slightly, up by about $2.6 billion from last week, or about 1.24%.

The rapid development in 2017, the total market value of global digital assets approaching the $800 billion mark at the beginning of 2018, as of now (August 25) is only 215.8 billion US dollars, evaporation nearly 600 billion, a drop of 71.9%; bitcoin price is the highest It once broke through 17,000 US dollars / month, and now only 6712 US dollars / month, a drop of 60.5%; Ethereum price up to 1355 US dollars, and now only 283 US dollars, down 79%; in terms of volume, as of August 25 The total 24-hour trading volume is also only $113.46, which is also far from the highest 24-hour total volume of more than 60 billion. Whether it is total market capitalization, monomer price or transaction volume, it is confirming that the digital asset market is entering a trough.

source: citicoins.com/bitcoin

The dominant position of Bitcoin market value increased to 53.71% this week. The market value of Ethereum continued to decline this week compared with last week, with a drop of 6.42%.

The primary market is in a trough, and the secondary market is even more embarrassed. Recently, some media have revealed that several major trading platforms have broken the rate of hundreds of new projects in the first half of this year by more than 90%. Investors’ confidence in projects and exchanges is disappearing.