Cryptocurrency News

German ICOs: major disappointment for the investors.

Initial Coin Offerings have always been a controversial subject. However, recently, the investors have been disappointed by the German ICOs. According to a report conducted by a prominent magazine, it can be believed that there has been noticed a fatal fall in the value of the German Startup coin. It was noticed that this coin lost its value by ninety percent. What startles the investors in the sector are that the value of this German ICO went below the value of the prominent coins such as Bitcoin and Ethereum, this is startling because the prominent coins are at their worst at this time, compared to the previous year. What was also found was that very few ICOs were completed in Germany, it was found that several of these were completed by the companies abroad.

As the tide of a decrease in the value of the various cryptocurrencies shook the market, there were only a few virtual currencies that have managed to hold the fort. Nuefund and Wysker were the two companies that had managed to keep the prices stable. Several other important projects could not deal with the changes in the value. There was a significant decrease in the value of these projects. There are various issues with the German ICOs, that can lead to a negative outcome for the investors, for example, they continue to prefer IPO, Initial Public Offering to the Initial Coin Offering. Several such factors add up to the drastic decrease in the value of the German ICOs.

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