Topic: Dead Coins: Over 50% of Cryptocurrencies Have Failed (Read 1211 times)

Well that is why we must only hodl some of the alt coins. We must know which of those will give us big gains and not be a scam coin or a fail.

There is alot of alt coins I did sell before they did become dead coins. I do not want to make the same of those coins but these you can not even trade now on the exchanges.

Yeah the risk in the altcoin market is high so we should be careful. Since newbies are more at risk scammers are always finding ways to lure them in. The altcoins at the top are good for investment but here the number of meme coins is high so you have to understand the market well and move forward.

Considering 90% of crypto market's content is useless, I think the current statistics are really mild. If only 50% of altcoins have failed, it means there is another 40% under severe chances of failing as well at anytime! Investors must be careful and stick their funds only to a very select group of altcoins on this market in order to decrease the chances of putting money in altcoins which will return total loss for them on long run. Besides researching for the future predictions regards a determined altcoin, it's also important to analyze its past history, its features and potential next updates it's going to receive from developer's team.

Developers should stop creating useless tokens nobody needs, however they keep doing this to benefit themselves, as somehow they need those tokens in order to make some quick cash over greedy investors who believe developers' false promises of returning hundreds or thousands of percentage over their initial investments. Most of these projects are copies of past altcoins, since they just reproduce the exact same features.

That is only the number reported and it was just from CoinGecko but we suspect more unreported failed projects and more are coming. The data is quite bothering as this will affect the reputation of the entire crypto market and people will be in doubt and think that even Bitcoin and Ethereum as scams. We never know that 10 years from now, only 1% left legit and can be trusted.

Developers will have to stop creating projects as we don't need a lot of cryptocurrencies because what we need is a project that is usable and sustainable. Unfortunately, what we got is a bunch of shitcoins and scams which gives a reason for slow adaption and trust.

There is still a lot of development regarding crypto, many beginners enter without learning the basics of crypto and cryptocurrencies which makes them useless. This shows the various reasons they fall and starting again is very difficult, even though they are interested in crypto projects and investing in them, it is surprising that there are so many bad projects on the market. This probability of getting in difficult to attract these people from 50% percent may be more than that estimate.

This data shows that most of the scams, pump and dump projects are mostly coming into the market during the bull run period. It is also worth knowing that one should be on the watch out during bull run to avoid investing in such projects that won’t last and make you invest heavily in them and lose all of your money in short term. The bull run period we are heading into is a very delicate period in the crypto world where a lot of new projects are lunch to target newbies and investors who are willing to make quick profits by taking risks that are not calculated. It is important to be wary of that and take necessary precautions before investing in any project at bull run season.
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As long as they getting decent money from their evil activities in the crypto industry, they won't cease to find new ways to fool new investors and when they find out that a new trend is ongoing, they quickly manage to create their own so it will be hard for us to know which new coins are good to invest our money with because mostly like 45 out of 50 are scam projects and only 5 that will gonna survive and will also facing harsh conditions since they will deal with tight competitors and continues development to make their project prosper and only 1 of them survive to the crypto market if they got lucky, this is based only on my personal experience the rest might have lower rates compared to me.

This data shows that most of the scams, pump and dump projects are mostly coming into the market during the bull run period. It is also worth knowing that one should be on the watch out during bull run to avoid investing in such projects that won’t last and make you invest heavily in them and lose all of your money in short term. The bull run period we are heading into is a very delicate period in the crypto world where a lot of new projects are lunch to target newbies and investors who are willing to make quick profits by taking risks that are not calculated. It is important to be wary of that and take necessary precautions before investing in any project at bull run season.

Every cycle, there are also more scammers coming in to this market trying to fetch the newbies. It's always the same and we have cycles, so do they have too. Too many cryptocurrencies already and there's gotta be more when the bull run is visible and can be felt by the majority of us.
Start out with the memecoins and also the projects that have not showed any sign yet of rug pull, the term will be used again for sure.

Actually, in this case I think of a wild situation where many who create coins are only hype and they don't expect much support because the creation of coins or tokens is only temporary and only for momentary benefits.

We can see throughout the crypto hype when covid alone a lot of hype tokens or meme coins were created only temporarily such as when AI tokens arrived or play to earn game tokens and several hoax projects such as squid games and others were created only because of the hype that occurred.
So it is quite natural that many projects die because the developers who create the coin or project are not really serious about developing it because what is targeted from the beginning is temporary profit so they don't really care about the sustainability of their project for the longer term.

14k of 24k is more than 50% whatever thats a huge numbers to count. And scammers took advantage of bull run in 2021 cause they knew that, a huge investor would come because of bull run and a huge amount of money was going to include in market and here is the point, why more than 7,530 fake cryptocurrencies listed in coingecko. Btw still a huge altcoins are being traded with so called volume which are also scam. And we can't imagine about those project which were sold out in ico but never listed on coingecko or any exchange

Investing in any other coins other than Bitcoin is completely more risky and any individual venturing into it should have considered the risk involvement before venturing into it the reason why it's always advisable to invest only what you can afford to loss Incase things goes on the bad way, but the truth is that many has gone far as investing more than what they can afford to lose some even go to the extend of borrowing money to invest in shitcoins which is very wrong approach.

Projects that eventually die or are scams take advantage of the moment that occurs in the bull market to attract more investors to become victims.
I don't know what everyone feels, but maybe the situation where there are quite a lot of new projects at a time when ICOs are very popular is the most difficult time when you see the community and market finally filled with talk of scam projects.
I don't know if that will happen this year when there is quite a lot of Bitcoin-related buzz in the community.

there are additional factors contributing to the failure of many cryptocurrencies:

1. Bad Publicity: Negative news can damage investor confidence and lead to a coin's decline.
2. Scams: Many cryptocurrencies have been revealed as scams, leading to a loss of trust and investment.
3. Unclear Future: Projects that don't provide a clear roadmap or vision often fail to retain investor interest.
4. Problematic Developers: The reputation and reliability of the team behind a cryptocurrency play a crucial role in its success or failure.

These issues, combined with the ones previously mentioned, paint a complex picture of the challenges within the cryptocurrency market.

Honestly, these figures are a bit scary.  It really makes you realize how brutal the crypto market can be. Seeing over half of all listed cryptocurrencies classified as 'dead' is a real wake-up call. Especially considering the surge of projects launched during the 2020-2021 bull run, it seems many may have been rushed out without a clear plan for long-term success.

This is a crucial reminder for all of us to be extra cautious before investing in any new crypto. Definitely don't let the hype cloud your judgment! Do your due diligence - research the team, the technology, the tokenomics, and the community. Otherwise, you might just be throwing your money into the next 'dead' coin.

Another quick piece of advice for some:
Dead is already dead.

We must not look forward anymore on the dead coins, we must learn to move on and cut the losses and try again because if you don't cut losses, you will lose the opportunity to make profits on other projects.

Huge numbers. 7,530 cryptocurrencies launched in 2021, were scam  Cause 2021 was the year of bull run. Many people joined Crypto market for bull run as if they could make some profit! And scammers also took advantage and promote their fake and shitcoins among people as if those would make people rich but after end of bull run, they scammed and run away. I believe such thing will happen again in 2024 as bull is excepted in this years. So need to careful

I agree sir, @Rehan Zakir revealed that the fraud that occurred because after the initial seller did not enter the exchange so that the money spent had not returned capital, with the excuse of waiting for the roadmap to run, but I realize that the developer does not force and only offers even though the benefits offered in multiplying the value of the token.

@mdzahed134 that's right sir, you mentioned that the life of the coin after listing and indeed the price tracker is useful, there is no guarantee that a coin will survive even after listing, because many transactions occur from communities that need each other including coins that are needed for airdrop hunting and accidentally glance at the broad market share.

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I usually monitor the project's twitter for further impressions, because nowadays there are many big devs that are supported by certain cexes or certain chains, that's where I just started looking, there are also many new projects that hold events even without presale, of course it's free , and when entering in cmc or coin gecko etc. other than price reputation order 1-50 I sell (if it is already listed on the exchange) when the price is high, I consider it capital for scalping when the price is bearish.

Over 50%?!?!  I'd say more like 99.9% of crypto has not only failed but has never even started as a legit project.  There are thousands of coins people don't even know about and only a handful that can be seen as successful.  It's really easy to create coins so there is no reason scammers would stop now.  If one fails then they can just create another.  Crypto alts is a landfil of garbage to sift through.

Unfortunately, it cannot be controlled because it is like bubbles that constantly appear and disappear. Personally, I believe that the real numbers are greater than those mentioned in the analyzes in OP because the current number of projects listed on Coingecko includes SCAM projects whose failure has not yet been revealed.

This raises the issue of the conditions that platforms impose on projects to list their currencies on them. All scam projects would not have succeeded in scamming users' money if they had not found trading platforms that would accept their listing.

That is why it is important for one to be sure of money that is invested in cryptocurrency,  their are lots of cryptocurrency coming out , the developers are not ready to come up with a valuable project.  Because of the number of cryptocurrency that has failed for sometime now it is better for people to go for rop project that is reliable and valuable than investing in this new cryptocurrency that one can't really tell if it will last in the market.