According to experts, crypto funds have quite a short life span. Last year became a promising start for the cryptocurrency market. A desire to make a killing led people all over the globe to invest real money in virtual assets. However, the market can not only rise but fall and the year of 2018 has not been very lucrative for crypto investors yet.
Amid the ongoing decline, investors, both actual and prospective, have been losing interest in crypto funds, some of which are closed and even deleted their websites and profiles on Twitter and Facebook. For example, Alpha Protocol published the following message on its website: “Considering the potential regulatory and market risks, Alpha Protocol has decided that the best approach is to refund the private sale contributors”. Polychain Capital with around 250 million dollars of assets under management decided not to be listed in Canada. Billionaire Mike Novogratz rejected the idea of idea of creating a crypto fund and shifted his attention to opening a commercial bank.
It is difficult to say now whether this situation marks the end of cryptomania. Perhaps, the market will face a surge of investments soon. However, if last year ‘bitcoin’ was among the top words searched in Google and ‘cryptocurrency’ took the first place by search queries in Yandex, now these words are not even in the top 10. Among the three popular digital assets – bitcoin, ethereum, and litecoin - only bitcoin has held its status of the global cryptocurrency. Still, ethereum enjoys some popularity in several Asian and Eastern Europe regions; while investors have almost completely lost their interest in litecoin.
