Cryptocurrencies facing supply glut
Feb 8 (Reuters) - The cryptocurrency market is facing a potential oversupply of tokens at a time when prices have declined sharply. There are 71 digital currencies that have issued less than 50 percent of their targeted supply, according to crypto data platform Messari. Here are 14 tokens with the percentage of supply issued at less than 50 percent so far, as well as their 90-day performance against the U.S. dollar: Token Price Supply % Market 90-day change % vs issued Capitalization USD Ripple $0.29 21.82 $6.313 bln -43.64 Stellar Lumens $0.07 13.44 $1.405 bln -71.62 Dash $64.63 45.59 $560.978 mln -61.35 ZCash $45.52 28.05 $267.177 mln -64.72 Ethereum Classic $3.61 46.99 $400.817 mln -60.84 Dentacoin $0.00 4.09 $23.12 mln -66.26 Tezos $0.35 37.6 $280.675 mln -72.75 Dogecoin $0.00 42.07 $213.319 mln -48.16 MaidSafeCoin $0.11 10.52 $49.948 mln -54.09 Huobi Token $0.91 10 $46.444 mln -40.74 Chainlink $0.04 35 $138.206 mln -18.79 QuarkChain $0.03 8.02 $24.186 mln -38.9 Decentraland $0.03 11.68 $33.705 mln -62.89 NEO GAS $1.85 10.13 $18.677 mln -64.54 Source: Messari (Reporting by Gertrude Chavez-Dreyfuss)
