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Crypto firms say thousands of digital currencies will collapse, compare market to early dotcom days

Crypto firms say thousands of digital currencies will collapse, compare market to early dotcom days

With more than 19,000 virtual currencies in existence, the cryptocurrency industry has likened the current state of the market to the early years of the internet. Industry players said however that most of these coins will collapse.

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Several cryptocurrency industry players have told CNBC that thousands of digital tokens are likely to collapse while the number of blockchains in existence will also fall over the coming…


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