Bitcoin, Ethereum, Litecoin, and an army of alt coins, are now trading at considerably lower prices than a year ago.
Cryptocurrency domains reached their valuation peak at the end of last year; since 2018 kicked in, all cryptos have failed to sustain their record highs.
While blockchain, the underlying technology, is here to stay, the crypto coin trading market is facing a lot of problems, such as:
- Introduction of futures trading
- Extensive market regulation in several countries with a large trading market
- Dropping of advertising by the two biggest ad carriers, Google and Facebook
- Stock market performance attracting investors, away from cryptos
With all that in mind, such “gems” as Ethereum.com and HODL.com are now considered past their prime.
In particular, Ethereum.com that claimed to have had a $10 million dollar reserve that was met, is facing an Ethereum market at 40% of its peak. There is no doubt that the single potential buyer of that domain would be the Ethereum Foundation.
The majority of the ICO market has seen its leverage drop substantially, and as we’re already in the second half of the year, the summer months are expected to be brutal.
If you have crypto domains and are prepared to “HODL” keep in mind that the market might not recover at the end of the year.
