Bitcoin Blow As Coinbase And Ripple Crash Out Of U.S. Startup Top 10
Story by: Billy Bambrough
Bitcoin’s epic 2017 bull run propelled many cryptocurrency startups into the stratosphere, but most have now crashed back down to earth.
The bitcoin price, which rose from under $1,000 per bitcoin to almost $20,000 over the course of 2017, fell sharply last year before rebounding somewhat so far in 2019.
Now, it’s been revealed bitcoin and cryptocurrency investor darlings Coinbase, a San Francisco-based crypto exchange, and Ripple, the payments group behind the XRP cryptocurrency, have crashed out of a top 10 U.S. startups list for 2019–each dropping over 20 places.
The bitcoin price has recovered some of its lost ground this year though remains far from its all-time highs of almost $20,000 per bitcoin.
SOPA IMAGES/LIGHTROCKET VIA GETTY IMAGES
Coinbase, previously ranked third on the startup list, has fallen to 29th, while Ripple has slipped from seventh to 28th.
The ranking of U.S.-based firms, put together by professional social network LinkedIn, analyses companies’ popularity using employee growth, job seeker interest and member engagement.
Meanwhile, Gemini Trust Company, the custodian of the Winklevoss twins’ Gemini crypto exchange, and ethereum development firm ConsenSys dropped out of the list entirely from the 25th and the 26th spots respectively last year.
Original story: https://tinyurl.com/y4mrtbw8
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