2018 Bear Market: Top 5 Setbacks for Cryptocurrencies and Tokens in the Past Year

In 2018, the big promises of digital assets finally met with reality. In past years, a series of projects went through boom and bust cycles, but 2017 and 2018 saw a proliferation of tokens, and coins tried to claim a place in the mainstream financial sector. Here are the top headwinds that came along with the generally worsening trading sentiment, and the bear market:

ICO Freeze: The loss of enthusiasm for token sales was exacerbated by the bear market, as buyers could no longer expect to make quick gains. Additionally, projects started indicating that their promised products were nowhere near completion. Tokens also proved to be problematic in themselves – while the main pitch of digital assets was immutability, tokens and smart contracts had room for error, or outright tampering. Frozen tokens in the Parity wallet and smart contract exploits affected several projects, which undermined trust in this type of digital asset.

But tokens also saw regulatory risks, as projects came under investigation for selling unregistered securities. This brought many projects to a standstill, as they started exploring ways…

This article appeared first on Cryptovest

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