Topic: Top Promising Altcoins That Failed? - page 3. (Read 494 times)
Lot’s projects we’re talking here, most of the project here claim to be the next ETH and yet they are still failing. I still some projects that are still on the exchanges but they just like a shit tokens already, they failed terribly. Some turn into a scam, and I invest on some good projects before but they are not able to survive the pressure from this market, too bad for the investors.
For me it could be Axie. I didn't get into it too much thankfully, just a few tests with the token here and there and I am out anyway and didn't make a loss, got out break even point. However, I calculated to get in during September, I assumed if I could create a bit of debt, and this would be assets that I would own.
Sort of like buying a house, that is a debt and people say "never invest with debt" but then go out and buy mortgage because that's good debt. Same logic for axie in my mind during September, just spend all of that months salary into getting an axie team and try to long term that. However, I didn't had the courage to do so and boy oh boy, was I lucky for that.
Sort of like buying a house, that is a debt and people say "never invest with debt" but then go out and buy mortgage because that's good debt. Same logic for axie in my mind during September, just spend all of that months salary into getting an axie team and try to long term that. However, I didn't had the courage to do so and boy oh boy, was I lucky for that.
Unfortunately, there are no sure ways to know if the altcoins you invested in will fail or not. For me, I can use some indicators that will determine the future of the altcoin, including if the altcoin website has not been updated or the accounts of that altcoin have been inactive for months This is conclusive evidence that the altcoin will fail one day. Also, if the project team does not specify future plans for the altcoin in the roadmap, this is a bad indication. We can invest in Altcoins listed on many promising exchanges because these platforms will review the altcoin well before listing it, which will make the possibility of your investment in failed projects slim.
Verge was one of the top altcoins back in 2017~2018 but is slowly being forgotten by people.
ATH was 0,25$ but now it is around 0,01$, it started after the hack happened with them but the developer lied about the patch that fixed the issue.
A day after the same hack happened again and pushed the project to the bottom, people lost their trust in this project and have not recovered anything since then.
Augur/Rep also lost their credibility after the hack happened to them in 2016~2017. It was a promising one too, a hot topic in its Era together with Lisk, DAO.
Ah, verge I think I remember that one and it's true that I never heard the coin nowadays but now I know the reason why. Why would the developer lied about the patches when that was a good thing as it can gain confidence again to their supporters although there was still a second hack that happened, that only shows that the patch is not very effective to prevent the hacks, no wonder why people quit on that project.ATH was 0,25$ but now it is around 0,01$, it started after the hack happened with them but the developer lied about the patch that fixed the issue.
A day after the same hack happened again and pushed the project to the bottom, people lost their trust in this project and have not recovered anything since then.
Augur/Rep also lost their credibility after the hack happened to them in 2016~2017. It was a promising one too, a hot topic in its Era together with Lisk, DAO.
If I am one of the investors I will also do the same. Hacks are a serious issue especially if you have lost a really big fund because you put your trust in the projects. There are many top altcoins there that are strong and haven't been hacked yet, we need to consider them.
For me it could be Axie. I didn't get into it too much thankfully, just a few tests with the token here and there and I am out anyway and didn't make a loss, got out break even point. However, I calculated to get in during September, I assumed if I could create a bit of debt, and this would be assets that I would own.
Sort of like buying a house, that is a debt and people say "never invest with debt" but then go out and buy mortgage because that's good debt. Same logic for axie in my mind during September, just spend all of that months salary into getting an axie team and try to long term that. However, I didn't had the courage to do so and boy oh boy, was I lucky for that.
Sort of like buying a house, that is a debt and people say "never invest with debt" but then go out and buy mortgage because that's good debt. Same logic for axie in my mind during September, just spend all of that months salary into getting an axie team and try to long term that. However, I didn't had the courage to do so and boy oh boy, was I lucky for that.
EOS is the largest fundraising project in the history of cryptocurrency, with a record raising of $4.2 billion. and it advertises itself as an Ethereum Killer.
April 2018 saw EOS hit an all-time high of $22.71 and the price is currently trading at $2. There haven't been any updates on the project for a long time and EOS is slowly being forgotten. This is the most successful exit scam project in the crypto industry.
I still remember the time where we are in a group chat where we always talk about EOS and because of that, it comes to the point where I taught of borrowing money just to buy EOS. April 2018 saw EOS hit an all-time high of $22.71 and the price is currently trading at $2. There haven't been any updates on the project for a long time and EOS is slowly being forgotten. This is the most successful exit scam project in the crypto industry.
Good thing that the person who I want to borrow money with to buy EOS refuses to lend money to me because at that time, the price of EOS was at its peak (around $20). Because of that refusal, I didn't bought any EOS and it was a blessing in disguise for me. I just went in Coingecko to see the chart and it has only going downwards and no development at all. The once labeled ETH killer is now dormant with no updates.
Aside from EOS, I still remember some are talking about IOTA and its new technology "tangled" (correct me). Now the coin that is once at the top 10 is at the top 50 already (same with EOS). I can't remember some but we've seen some top coins from the past that is now at the bottom 50 or bottom 100 already for some reasons. Others are ICON, NEM and YFI.
We've had several projects that were thought of as the best and holders had big dreams owing to the potential of the project which seemed glorious, but now they're no more. Looking at the first 100 cryptocurrency in the coin market cap, it would be difficult to say all the projects have always been on the least. Several would be off the list. I recall holding lisk as a project I looked forward to making a fortune from the project but it didn't work out as envisaged.
EOS and QUTM were once thought to be the two projects that will perform best in the future and show good work back to everyone. But it is now clear that none of this has happened, as the two projects have completely withdrawn from their markets. I can't see any response from the team members of these two projects.
Also I am talking about coins that were at least in the top 50 or top 100 in coinmarketcap and then it just fell apart.
Actually many investor as well talking about ADA that it will gonna break new record and has chance to achieve $100 in the market because its a good project and very promising, but unfortunately during the fork it plunges and many investors are very disappointed including me.
I don't know if its worth it to trust again.
I remembered I missed Ethereum initial token offering and I was looking for another altcoin that could rival ethereum at that time. Lisk was my answer! I bought shit loafs of lisk unfortunately, the team never develop the ideas they put forward when they market lisk. Lisk is still top on cmc but nothing is actually happen with it!
talking about the coin issue that used to be talked about a lot, I think that's a lot. many of these coins have been in the top 100 coins, then pushed back, then dropped in price, or even went bankrupt. some people above have mentioned ARK, and EOS. I think that is a small example. However, this is the crypto world, every day so many projects are being developed. The top 100 coins do indicate that the coin is good. however, when they lose out on new, or old coins, it can happen.
difficult to understand. but what is certain is that the price of each coin can change at any time and is not only included in the top 100 in CMC but applies to all cryptoqurrency currencies. despite what you say, if a project can't stay in the market "for a certain period of time" then I can say that the project has no further development which means it will be abandoned by the developers themselves. 
talking about the coin issue that used to be talked about a lot, I think that's a lot. many of these coins have been in the top 100 coins, then pushed back, then dropped in price, or even went bankrupt. some people above have mentioned ARK, and EOS. I think that is a small example. However, this is the crypto world, every day so many projects are being developed. The top 100 coins do indicate that the coin is good. however, when they lose out on new, or old coins, it can happen.
Even with the pandemic, there are now more than 11,000 cryptocurrencies in existence, up from about 6,000 in 2020, according to the website CoinMarketCap. “Nothing is too big to fail,” says Niederhoffer, a former neuroscientist, “but I suspect Bitcoin's biggest critics have never used it to perform a transaction.
I actually paid attention to BCNEX. But unfortunately after they got the profit from the presale event that was held, they finally decided to escape. indeed bcnex is not included in the top 100. but at least they have a good coin and concept. although in the end it ended in loss for investors. it is deeply regretted
That's when they get what they want.
But it's a shame for investors who feel lost and cheated.
So don't be easily tempted by attractive events so that we are complacent that in the future we will make a profit, even though in the end we will lose big.
How about QTUM? is it also deem as ETH killer if I'm not mistaken, when they join crypto sphere there was a lot of hype on them.
Even the Chinese loves QTUM (more than BTC), but I haven't heard them for a while, so not sure what happen to them if they are still in the top 100 or not.
I'm trying to keep some altcoins for the future but you aren't helping mate, if QTUM can be this silent since 2017 then what is the assurance that we holders will be rich in few more years? This shows that even the biggest coins today can face a sad ending, scary. Even the Chinese loves QTUM (more than BTC), but I haven't heard them for a while, so not sure what happen to them if they are still in the top 100 or not.
Also I am talking about coins that were at least in the top 50 or top 100 in coinmarketcap and then it just fell apart. I don't mean a coin that came out and everyone had praise of it and it didn't even break the top 100 on coinmarketcap.
Usually those who initially had record highs on coinmarketcap a few years ago, and now it doesn't look like they have a bad history.
I don't really remember all of them because there were a lot of coins that were on top and then they just disappeared.
1 coin that reminds me of that, he is raiblocks(XRB), which used to be in the top 10 of coinmarketcap but just disappeared,
their recent history of changing mining methods from faucet to rig mining, so many communities leave raiblocks
because rig machines are so expensive for them.When I check now raiblocks have completely disappeared from
coinmarketcap I really don't know where this coin went.
Some of those coin have been delisted from CMC which were very good at then but turned to zero today, due to their poor performances they got kicked out from coinmarketcap and other exchangers, most time they bounces back to migrate to bsc network to enable them get their feet's back. eg, HYT, MILC, UBcoin, MPAY.
Verge was one of the top altcoins back in 2017~2018 but is slowly being forgotten by people.
ATH was 0,25$ but now it is around 0,01$, it started after the hack happened with them but the developer lied about the patch that fixed the issue.
A day after the same hack happened again and pushed the project to the bottom, people lost their trust in this project and have not recovered anything since then.
Augur/Rep also lost their credibility after the hack happened to them in 2016~2017. It was a promising one too, a hot topic in its Era together with Lisk, DAO.
ATH was 0,25$ but now it is around 0,01$, it started after the hack happened with them but the developer lied about the patch that fixed the issue.
A day after the same hack happened again and pushed the project to the bottom, people lost their trust in this project and have not recovered anything since then.
Augur/Rep also lost their credibility after the hack happened to them in 2016~2017. It was a promising one too, a hot topic in its Era together with Lisk, DAO.
I think it must be sushi, ups and downs, back and forth by capital to play, no belief at all, no bottom line to cut leeks.
How about QTUM? is it also deem as ETH killer if I'm not mistaken, when they join crypto sphere there was a lot of hype on them.
Even the Chinese loves QTUM (more than BTC), but I haven't heard them for a while, so not sure what happen to them if they are still in the top 100 or not.
Even the Chinese loves QTUM (more than BTC), but I haven't heard them for a while, so not sure what happen to them if they are still in the top 100 or not.
Which altcoins from the last few years where there was a lot of positive talk about it has failed? And by failed, it means either it has went to 0 or it could be worth very little. Like it could been 50 dollars at one point and now 0.50.
EOS? $22 ATH but now, $2. That's a 90% drop that they were not able to recover. It was a buzz when it came out in 2017 during the ICO craze. Even dubbed as the "Ethereum Killer". Now, there isn't much hype around this coin anymore, not even a few mentions of the coin's growth, and their Twitter account seems dormant since last year2021; so I guess it is safe to say this coin failed to kill Ethereum.Yep - I remember EOS and Steem, two of Dan Larimer's projects which are deemed ETH killers.
But inevitably both failed because of a lack of leadership, although I think that a lot of the concepts underlying these coins (e.g. synthetic stable assets) are still very pervasive in the current time.
I think that Lisk is also another project that failed. Used to be an ETH alternative as well.
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