Thousands of digital tokens will likely cease to exist, industry players say Many of the currently existing 19,000 cryptocurrencies will disappear in the coming years, several industry experts told CNBC, comparing the market to the early dotcom days. According to the report on Friday, many blockchain platforms will likewise cease to exist. The experts pointed to the recent collapse of the algorithmic stablecoin TerraUSD and its associated digital token, Luna. “One of the effects of what we’ve seen last week with the Terra issue is we’re at the stage where basically there are far too many blockchains out there, too
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