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via CoinDesk · By CoinDesk Staff
Purge of millions of crypto tokens underway, BTC needs it for sustainable bull cycle: Ben Cowen
BTC
BTC/USDT
$62,913.92
-0.34%
$62,913.92
-0.34%
(24s)24h Volume
$3,837,422,333.44
24h H/L
$63,390.00 / $62,716.00
Change: $674.00 (1.07%)
Long/Short
69.6%
Long: 69.6%Short: 30.4%
Funding Rate
+0.0031%
Longs pay
Data provided by COINOTAG DATALive data
CS
CoinDesk Staff(11:29 AM UTC)
1 min read
Researcher and market analyst Ben Cowen says the purge of millions of altcoins is already underway and is necessary for a sustainable bitcoin bull market to be in place.
The urgent need for a “mass extinction” of “junk coins” from the crypto market is not at all a new topic. Cardano Founder Charles Hoskinson and Ethereum co-founder Vitalik Buterin predicted that over 90% of the initial coin…
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