As of the time of writing this article, overall cryptocurrency is facing great declining trend, with Bitcoin hitting below $8,000 and Ethereum below $550.
The visible force that contribute to this bearish market seems to be from recent news of Google's Clampdown on Cryptocurrency Ads, which sent the shockwave across the market and gotten many investors into the selling queue beeline.
As strong the message as Google wish to express that they are taking serious measures in response to the current market, we should also look into the good impact that this should bring to the investors.
The news should clearly mean that moving forward only the good quality coins would get the attention they deserved.
Currently there are just too many noises from all sorts of coins, be it the ones that has genuine objectives to use the blockchain technology to achieve something meaningful, or the ones where developers just want to earn quick profit from gullible investors. To find out which are the worthy coins to invest in is not easy at all, as the Google searches had been diluted with so many of these marketing and promotions of the latter coins. Give it a try yourself or just click here, and the top few results are the ads instead of the intended results that is queued way below them.
So this move by Google would translate to good effort in reducing the distraction and allow the "true" cryptocurrency products to shine brighter through all the haze from the "profit-driven" coins.
Let hope for the better place for the good coins to show up soon!