Beware of Zombie Coins – These cryptocurrencies will leave you broke

According to Bloomberg, there are over 12,100 crypto currencies that are defined to be zombies.

This zombie crypto is defined as any cryptocurrency that hasn’t been traded for at least a month.

This is a reflection of the fact of the cryptocurrency market is effectively dead for now. The number of zombie coins in the crypto market is actually higher than all previous years combined, which is a horrible outcome for the crypto market.

Also, the bankruptcy of several firms like Three Arrows Capital and Celsius has scared quite a few investors away.

The biggest cryptos in the world include bitcoin and ethereum. To learn about btc and other crypto news today, be sure to subscribe to The Black Financial Channel. Crypto today is different from what it was in the past, so investors have to be mindful of the new environment.

Dr Boyce Watkins is a Finance PhD and author of the book, “The 10 Commandments of Black Economic Power.” You can learn more by visiting http://BoyceWatkins.com

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