https://images.golos.io/DQmNhYuTWRctwUhYCL96yVZE2mzxGtCSzA6swFJE8MYjz6p/btc.jpg


Da Hong Fei, creator of the NEO crypto currency, believes that the recent drawdown of the crypto currency market is very similar to the collapse of 2013, when Bitcoin literally collapsed, demonstrating a decline in prices from $ 1,100 to $ 450.

According to the expert, the correction was not unexpected and naturally followed the intensive rise of the end of last year. The founder of NEO believes that the strong volatility of the market played in favor of attracting attention to the industry from large businesses and financial institutions. He also hopes that after stabilizing the market, the sector's specialists will focus their attention on innovations.

"Even despite the strong fall in the rates of the Crypto-currency, the interest in the technology of the distributed registry underlying them has not died away," he added. 
Also, Da Hong Fei said that he is very positive about measures regarding digital currencies on the part of financial regulators. He believes that control by the state will help get rid of many fraudulent start-ups.

According to the expert, the excitement around the ICO caused a huge number of companies to put their tokens in an uncontrolled field, and, unfortunately, among them there were those who used the term "blockade" solely for their own profit.

"I think that many of the recently appeared blockbuster projects will disappear or curtail their activities during the next three years," he added.