A study of the cryptocurrency market from 2013 to May 2017 carried out by City, University of London and published in the Royal Society’s Open Science Journal, treated cryptocurrencies as ecological species.
It found that no cryptocurrency has shown a strong selective advantage over the others and that they all face an uncertain fate. “Bitcoin is not alone or invincible,” said Andrea Baronchelli, lecturer in the department of mathematics at the university, who co-ordinated the study.
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