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46% cryptocurrencies of 2017 already failed

Bitcoin.com conducted a study ICOs tracked by Tokendata and the outcome says that 46% of the 902 virtual based currencies have already failed. Out of these, 142 currencies never got funded and another 276 slowly faded away. Only a few cryptocurrencies raised $10 million. There are many casualties associated with this practice. But ICOs are still a favourable choice of 2018 so it won’t affect the people at a larger level.