I can only remember one cryptocurrency in 2022 that died and except that one coin I have not heard another coin that has died. You mean 24,000 cryptocurrency have died from 2014 to date, wow!!! That is huge number. Though I have heard some died cryptocurrency projects in 2021 but I didn't see them and the only one I saw was the Terra Luna and most of those projects were created by criminals.
Any scam cryptocurrency projects can not stay long in the ecosystem because it would not grow and the developers would be frustrated. And must of them are still surviving because of the mini bull market and once the bear market come again many will collapse again. Please when you are investing be wise.
Topic: Dead Coins: Over 50% of Cryptocurrencies Have Failed - page 7. (Read 1214 times)
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IMO, we still have many more.There has some project are not listed on the coin-provider, like they take some fund from fundraising and never getting listed or are completely scammed. Also, you can't check based on total contract is being created.
As you know, contract being crated is not always for new project.
Officially, only 50% are scam and unsuccessful projects
Is the list included all the project that rug pull or honeypot on different blockchain because that number is still too small compared to the amount of smart contracts being created in daily basis by scam project that didn’t even listed on a price aggregator like coingecko.
That number will still grow once the bear season entered once again since scam projects tends to be abandoned later on if there’s no new liquidity flowing to the pool. Crypto investors is also not holding shitcoins long term which makes it one of the main contributing factor why weak shitcoins always become dead long run. Only those project with strong VC backing the liquidity runs long term.
the data was collected based on cryptocurrencies that were on their radar, meaning that there are still quite a lot of cryptocurrencies that are not on their radar, and it is possible that the number of cryptocurrencies that have died since 2014 could be more than that.
this shows how easy it is for people to develop their own cryptocurrency, raise public funds, and just abandon the project for various reasons. and this is why cryptocurrency is a negative thing for some people and many investors don't trust cryptocurrency anymore because they see how many cryptocurrencies have died and been abandoned and how weak the supervision of the development of these cryptocurrencies is which raises investors' attention to no longer interested in a crypto project and investing in it.
in the end, people will be more interested in investing in popular cryptocurrencies where the risk is lower and whose credibility has been tested for years, compared to new crypto projects.
this shows how easy it is for people to develop their own cryptocurrency, raise public funds, and just abandon the project for various reasons. and this is why cryptocurrency is a negative thing for some people and many investors don't trust cryptocurrency anymore because they see how many cryptocurrencies have died and been abandoned and how weak the supervision of the development of these cryptocurrencies is which raises investors' attention to no longer interested in a crypto project and investing in it.
in the end, people will be more interested in investing in popular cryptocurrencies where the risk is lower and whose credibility has been tested for years, compared to new crypto projects.
These kind of news and statistical researches only confirm one of the biggest reason any newcomer would feel very insecure to get into alternative coins or even in Bitcoin or Ethereum.
There are simple too many scams and shady projects out there, being launched each day seeking for victims. The worst part is the fact much of the people who want to become investors of those alternative currencies do not know how to spot whether is fake or can be trusted. In the end, the results will be a very negative experience with the coin and passing the information to other people about cryptocurrencies as a whole are all scams, which is obviously false.
I would also point out that being a alternative coin investor is not something for people who do not have time to keep an eye on the price and the data of such coin, with alts one nevers knows when a massive dump will start leaving one holding the bags forever.
Before buying alternative currencies, I think it would be better just to get some Bitcoin or Ethereum, in the case of newbies. Thanks for sharing the article, by the way.
There are simple too many scams and shady projects out there, being launched each day seeking for victims. The worst part is the fact much of the people who want to become investors of those alternative currencies do not know how to spot whether is fake or can be trusted. In the end, the results will be a very negative experience with the coin and passing the information to other people about cryptocurrencies as a whole are all scams, which is obviously false.
I would also point out that being a alternative coin investor is not something for people who do not have time to keep an eye on the price and the data of such coin, with alts one nevers knows when a massive dump will start leaving one holding the bags forever.
Before buying alternative currencies, I think it would be better just to get some Bitcoin or Ethereum, in the case of newbies. Thanks for sharing the article, by the way.
https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed
"How Many Crypto Coins Have Died?
Over 50% of all cryptocurrencies have died. Of the over 24,000 cryptocurrencies listed on CoinGecko since 2014, 14,039 have died.
Most dead cryptocurrencies came from projects launched during the 2020 - 2021 bull run. 7,530 cryptocurrencies from that period have died, accounting for 53.6% of all dead cryptocurrencies on CoinGecko. Over 11,000 cryptocurrencies were listed on CoinGecko during the previous bull run, with ~70% having shut down since."
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Officially, only 50% are scam and unsuccessful projects
Wow. 24000 Cryptocurrencies. that is a huge amount of cryptocurrencies. and I think that is why 50% of them failed. too much of something is never a good thing. I am sure another 50% of active coins are also don't worth anything. and most of them will be dead too sooner or later. "How Many Crypto Coins Have Died?
Over 50% of all cryptocurrencies have died. Of the over 24,000 cryptocurrencies listed on CoinGecko since 2014, 14,039 have died.
Most dead cryptocurrencies came from projects launched during the 2020 - 2021 bull run. 7,530 cryptocurrencies from that period have died, accounting for 53.6% of all dead cryptocurrencies on CoinGecko. Over 11,000 cryptocurrencies were listed on CoinGecko during the previous bull run, with ~70% having shut down since."
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Officially, only 50% are scam and unsuccessful projects
CoinGecko literally listed every single shit token/coin out there. Coinmarketcap have 8700 coins listed. and I was thinking that is huge. CoinGecko made a lot of money from all those dead coins as a listing fee I think. lol
Except 200 to 300 Cryptocurrencies. rest of them all are worthless.
https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed
"How Many Crypto Coins Have Died?
Over 50% of all cryptocurrencies have died. Of the over 24,000 cryptocurrencies listed on CoinGecko since 2014, 14,039 have died.
Most dead cryptocurrencies came from projects launched during the 2020 - 2021 bull run. 7,530 cryptocurrencies from that period have died, accounting for 53.6% of all dead cryptocurrencies on CoinGecko. Over 11,000 cryptocurrencies were listed on CoinGecko during the previous bull run, with ~70% having shut down since."
___
Officially, only 50% are scam and unsuccessful projects
"How Many Crypto Coins Have Died?
Over 50% of all cryptocurrencies have died. Of the over 24,000 cryptocurrencies listed on CoinGecko since 2014, 14,039 have died.
Most dead cryptocurrencies came from projects launched during the 2020 - 2021 bull run. 7,530 cryptocurrencies from that period have died, accounting for 53.6% of all dead cryptocurrencies on CoinGecko. Over 11,000 cryptocurrencies were listed on CoinGecko during the previous bull run, with ~70% having shut down since."
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Officially, only 50% are scam and unsuccessful projects
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