🐻 [Analysis] Crypto bear market threatens to last as potential token supply weighs

Supply side evaluations point toward a prolonged bear market. Since early 2018, the total cryptocurrency market value has dropped 85% with coins failing left and right. SEC crackdowns and limited demand are the least of concerns, however. A glut of supply is coming down the pipe which will only further dilute the value of coins on the market. Initial coin offerings (ICOs) are built on the value assumption of their token's utility growth overtime. This growth is not happening, and now bag holders are looking at even worse conditions as inflation creeps in. One solution called token burning, where the issuing institution purposely loses private keys to shrink the total token supply, has been used by Tron ($TRX) and Binance. This method is self-defeating though: burning one's product to increase the circulating supply value is hardly a sustainable strategy.