Opinion: no more than 50 tokens can be used in real life

Partner of venture capital firm Placeholder Chris Berniske wrote in his blog that only about 50 tokens can be used in real life.

According to him, if earlier investors were focused on various blockchain protocols, now they are more interested in raising funds using the new technology. He also noted that in 2017, transactions using tokens prevailed on the cryptocurrency market. However, in 2019 everything changed and securities came to the place of tokens.

Nevertheless, Berniske believes that in the future "thousands of companies" will use the technology of the distributed registry. However, of the vast array of blockchain protocols on the market, only a few of the most successful will prevail. At the same time, he is sure that in 2021 many will regret that they have not invested in certain tokens over the previous few years.

Berniske also noted that approximately 95% of the tokens on the market simply “do not work”:

“I would say that there are no more than 50 tokens on the market that have practical application. This is less than 2.5% of the total number of coins presented at CoinMarketCap . However, these 50 projects are inspiring, you can learn a lot from them. ”

Earlier, BlockchainJournal published a review of the NVT Ratio indicator , created by Chris Berniske and the blockchain explorer Willy Woo.

Also recall earlier Chris Berniske expressed the opinion that Bitcoin and Ethereum are fundamentally undervalued .

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