General Research Institute: Model currency is not conducive to the long-term development of the industry

On April 14th, the Tongxuetong Research Institute said in the blockchain weekly "Which model currency, Tongtong is a liar", the recent hot model currency is not new. The model currency is characterized by a shaped marketing model, significant control signs, and speculative funding. They do not play a role in promoting blockchain technology innovation, but are not conducive to the long-term development of the industry. The total market value of digital certificates this week was 172.77 billion US dollars, a decrease of 2.1% compared with last week's decrease of 3.73 billion US dollars; the average daily trading volume was 55.40 billion US dollars, up 1.4% from last week, and the average daily turnover rate was 31.0%. , down 2.3% from last week. In the short-term adjustment of the market, the BTC trend is strong, and there is still room for growth in the market. In addition, investors should pay attention to the risk of IEO projects.