Topic: Dead Coins: Over 50% of Cryptocurrencies Have Failed - page 5. (Read 1214 times)

This is the fate of most of the altcoin that exist on the market. Time is running fast and technological development is going on at a fast pace so a bright star today ends up being eaten up by a new start tomorrow. Every cycle we saw projects that lost their cause with their competitors. ETH is still number one in its category because of its continued upgrades and adaptive nature which is industry-friendly. They identify upcoming concerns and keep upgrading their blockchain with them. A project needs to be adaptive to survive in this wild area of technology.

That's a lot of numbers but these are the only ones who where listed and then failed but there are still a lot of project which ran away with investor's money they are not counted here. This also shows that apart from Bitcoin it's not wise to hodl any other coins because what if they fall into the category of these failed coins. This also shows that we cannot randomly choose altcoins as the ratio between active and failed coins doesn't look good and top of that there are active project who have not been able to recover for years and XRP is an classic example.

I am surprised that there are so few of them. I would say 99% of all cryptocoins have no added value and are just copies of other projects to make a quick buck. Accordingly, they are only there for speculation. This works as long as there are interested parties and cheap money. After the collapse of Bitcoin in 2020/2021, an extremely large amount of money flowed out of cryptos, leading to the collapse of many such unnecessary projects. After money flowed back into the system (at the end of 2022 and 2023), the number of abandoned projects fell again. This is a clearly visible pattern.

People who are always looking for ways to earn money often keep an eye on every financial market and worldwide trend so that they can make use of opportunities to hoard some funds. The cryptocurrency market is no exception when it comes to this, so when there are bull runs, such people do their best to earn as much money as possible, and creating fake projects, tokens, and coins is the easiest way for them because all they need to know is market them to vulnerable investors.

New investors in the cryptocurrency market often get trapped by such projects because they promise high returns and those who are new in crypto usually think that it's easy to earn a lot of money from this industry which is why they believe if a project tells them that they will earn a lot of money if they invest with them, and once the bull run is over and they've got their money, they abandon the projects and run away.

From the past experience we had in cryptocurrency in the past, this  should make us to know the type of project we need to engage our self with.  Their are lots of projects in the market that one needs to be watchful to see if it is worth investing. Scammers are just coming with scam project that won't last long. It is better people should invest their money well known project that are reliable,  instead of going for new projects that can end up at anytime in the market.

10 years have passed with the twists and turns of altcoins and their scenarios, not surprised by the decline of that many coins and even the last 1 year there have been several projects that I have followed withering and maybe still delaying to develop: -\ there is no guarantee even though it has entered coin trackers like the web because developers can get difficulties and collapse when seusadh is registered, and end up dragging even though it has entered dex or cex which is not very famous, the price seems to be stuck and plummeted for so long, for me if altcoin is like that it is just like a project that is not worth expecting anymore even though the most appropriate solution is hodl even though the potential for regular profit may be a small hope even to return capital just waiting for a miracle to come, altcoin many newcomers don't even need to be afraid because with the success of some altcoins will cover losses and profit X2 even more than capital.

I don't regret what altcoins I bought in the past or today even though they had a bad luck, because there are still many other altcoins that can give me profits until now, maybe dead coins can be displayed because of past experiences that I remember and that is the residual dregs of profit, the benefit is that in action I can identify altcoins that will be productive or will become fictitious even though they are not very accurate in each different altcoin project.

The number of tokens that have died might even be more this.
There are so many projects out there that lack direction purpose and utility. They were simply copycat, riding on the wave of other solid existing projects but were unable to keep up the pace.

There are so many that even failed before they launched.
It tells how easy it is for any one to come up and develop a token.

Well, 50% is still a lot, lol. And we don't know how many coins will die that were created just recently or even a year or two ago.

Since most of these projects started in 2021 which was during the last bull run, I am assuming most of them were meme coins as meme coins were trending after the Dodge coin got the hype from Elon Musk. A lot of new meme coins were released and most of them were meant to scam investors. Next bull run whatever project gets the hype we will notice scammers coming up with a replica of that project to cashout the hype.

Those coins were only generated by scammers . They come to steal some money then they will left the token alone and it's dead. This kind of trick has been happening for a few years and it has not yet stopped till this time. This is the disadvantage from the free dome.
There was no control over the token issuance and scammers were seeng as an opportunity toe scam others. This is the problem that will never end since crypto was about freedom and it makes the situation becomes even more difficult for the people to verify which token that was real and which is not. People must be aware if there are thousands of shit scam tokens in the market.

I've encounter crypto projects, most of them don't succeed because their foundation is completely build on hype and they don't have good running liquidity to meet up in the bear season. Money is liquidity, the earlier we realized that, the better for everyone of us. We face our hustle and take them seriously because we're nothing without earning massively from the activities we focused most of our time. More than 50% of cryptocurrencies projects have failed because new ones are inaugurated into the system, and desperate investors have no single patience than jumping into investing in everything they find.

Such a low number makes more sense when it's only listed coins/tokens in coingecko and those are the requirements. And not all the launched projects, because that would be over 99%. But the fact is that most of them are zombie coins, more dead then alive, and volume on them are just bots or random speculators moving them. Sometimes it's part of money laundering by shady exchanges. Some times even dad coins can pump. And since it's for no volume at all for 30 days, it covers lot of dead coins as many of even dead coins have daily small transactions. That wouldn't mean the token would be alive.

I recall this one time when i send pov coins of a hyped project for coinswap from exchange, and i got the tokens for sending it. But the chain wasn't really being mined anymore and coins were stuck before without confirmation and they got back to my wallet. So i got both, coins meant for burning address and the tokens.

This coin was declared dead as devs had abandoned it and started new one. So imagine my surprise when it had value because bots were playing it in yobit. I crashed the price but got myself a nice amount of btc. As it was almost only trading pair back in time for most of the coins.

This is expected. Projects are launching recently; 98% just intend to raise funds and scam. They don't intend to build real utility; they will show us bogus dreams and scam us. Some projects may be added to the centralised exchange, but that doesn't mean they are solid. There is another intention: just pump the token price and sell their bags. However, I learned from my past mistakes and decided not to invest in brand-new tokens and shitcoins. They come here to fill their bags. Nothing for investors.

In this case I simply said that I agree that a lot of projects are dead but they are those projects which are week and those who are not a good plan in future otherwise a strong project and hard work projects are survive and it's can't dead some project stolen the people money so they act like they are dead .

of course because only the best and most of the projects created in crypto are created just to make a profit/cheat and so on, so a small percentage that survive actually create useful projects.
I remember several projects that I participated in at the beginning of 2018 and all of them no longer exist today.

You are absolutely right. 99% of those coins are either scam or just built to make money via pump and dump schemes.. if you start looking for legit projects you'll hardly find 5% of them legit with good business models.

Yes but this can only apply to Good altcoins. not every altcoin serve any benefit to investors, Bad altcoins cause big loses to investors, I think those are the reasons why begginers getting disapointed at general cryptocurrency industry and calling it scam some time. because they end up loosing money in some shit coin like that.

Also, good you pointed out the listing issue and the indirect participation done by both exchanges and also by informative webpages like coin gecko or Coinmarkedcap. In case of exchanges, I believe they are supposed to pay more attention to the coins being listed and have a dedicated team for them to enquiry on the team, functionality and case use of any coin they may consider to list. Coingecko and CMC do not need to do as much as due diligence as exchanges, because of obvious reasons.
Getting listed anywhere is the equivalent of good advertisement for scams, they know those newbies are the fraction of the crypto community with more chances to buy whatever and never wonder the legitimacy of it.

Even though it would be the easiest patch, we must not completely lose faith on the crypto community and ecosystem, there are as many positive things as negative ones.

The large number of new projects being launched will be a warning for investors who have just entered this industry, most people are tempted to make quick profits and are very easily influenced by news that exaggerates so that the tokens they launch can attract many people interested. Altcoins are an alternative for some people who want to make quick profits, but not all projects have bright prospects for the future.  New project developers certainly take advantage of the situation, when they have already made a profit the project is left alone so they cannot maintain the trading volume resulting in the project failing

Thats just based on the records from CoinGecko. I think there are more altcoins that have failed. In my opinion, not all of them failed due to scams, some may have other reasons. With the sheer number of altcoins, it seems like they're really being sifted through, and only the most solid projects remain, like bitcoin and ethereum, which are still around. Its imprtant to be cautious and thoroughly research an altcoin before deciding on a longterm investment because there's a significant possibility that your investment might vanish like a bubble. I hope many newbie see this thread to become aware of this.

The initial bull run saw a massive influx of new projects and coins into the cryptocurrency market, as many companies and individuals sought to capitalize on the growing interest in digital currencies. However, many of these projects could not sustain themselves and ultimately failed. Most of the cryptocurrencies listed so far from projects launched within the past few years have not been able to sustain themselves in the long term. However, there have been relatively few dead coins in the past year, and many new projects are currently moving forward.