Bitcoin SHOCK: 800 cryptocurrencies are DEAD as Bitcoin loses 70 per cent off its high

The bitcoin bubble at the end of 2017 saw thousands of new cryptocurrencies enter the market and compete for the attention of investors consumed by global hype and the prospect of getting rich quick.
These Initial Coin Offerings (ICO) hoovered up money from gullible investors using little more that some code and a speculative white paper outlining the coin’s ambition.
However with bitcoin, the leading cryptocurrency having plummeted from over $19,000 in December last year to just over $6,000 today, the enthusiasm for lesser-known coins has also dropped.
Deadcoin.com has been busy listing all the crypto scams, jokes and abandoned projects and the list has now hit 800 cryptocurrencies, considered ‘dead’ - trading at less than 1 cent