Among the top 5 cryptoassets,
Bitcoin Cash saw the worst loss where its price fell by 93%.
No surprises there. Who would have thought that a trash coin which has a civil war and splits itself in to two even more trash coins, both headed by scammers, would be a good store of value?
Towards the end of 2018, as the price of bitcoin and ether touched yearly lows, we saw ICOs struggling to raise funds. The percentage of ICOs meeting their hard cap decreased from around 53% at the start of the year to 10% by the end of the year.
Good. I've been saying for a long time that I hoped a prolonged bear market would start to squeeze the ICO market. Given that >99% of ICOs are pure scams, ICOs struggling to meet their hardcaps and failing before they even start is a good thing. Hopefully this trend continues, and see less of the "get-rich-quick" mindset that leads to newbies getting scammed so often.