BTC-USD. Cryptocurrency Market Overview. Who can be equated with a Security Token?
If this scenario turns out to be true, then Bitcoin may lose its market dominance up to 55–60%. But at the end of 2019, the altcoin market will crash, and this will be another crypto winter for them. But not for everyone, strong coins will show growth against the market. I will try to identify such later.
For example, I like IOTA, it is waiting for a lot of news. But it is not yet clear what type of tokens it will be assigned to. I consider it to be a 100% Utility Token and there are very few such coins on the market.
My past forecast has already paid off.
Coinbase, Kraken, Circle Internet Financial, and Bittrex have developed a system to evaluate which cryptocurrencies are likely to be securities.
https://www.cryptoratingcouncil.com/asset-ratings
A points system is provided from 1 to 5 where 5 is the maximum compliance with the concept of Security Token.
For this reason, I expect the end of the altcoin season in November-December, there will be a formatting of the altcoin market. I think many coins will suffer if they are assigned to a security token. Moreover, I have bad expectations that the transition of ETH 2.0 is also scheduled for this period. Perhaps new coins will be issued only after KYC.
