“Because of the lack of intrinsic value, the currencies that don’t survive will most likely trade to zero.”According to Coinmarketcap.com, there are 1,515 cryptocurrencies out there. See: 2018 Will See Many Cryptocurrencies Double In Value -- ForbesFrom a technical perspective, resistance of $11,555 is an important level for Bitcoin. In 2016, the total market cap for digital currencies was over $12 billion. The performance of bitcoin and newly emerging cryptocurrencies has intensified debates on the stability and sustainability of all these new digital currencies. Credit Suisse analysts led by Charles Brennan in London believe Bitcoin and other cryptocurrencies will remain niche payment networks for the foreseeable future.

Source: Forbes February 21, 2018 18:33 UTC