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Hi fellow Bitcointalknaires, to all this who have been here before me and those who have been investing in crypto for the past years have there been any cases of projects with a good hardworking team that give their best shots and yet the project still fails? Tell me one project that face this same fate.

Of course, a good, hardworking team is not a guarantee for a good project.
For building a good project, it requires A LOT of knowledge, experience and how to proceed in a constantly evolving market.

So far, many coins have arrived but only few could establish a good project. Remember 4 years ago, maybe people still remember EOS, it was praised as a good project but it never gained traction because it was a centralized project depending on dPoS (delegated PoS). And so are many new projects today, doomed to fail because of a lack of decentralization because of greedy devs or just because it's an inflationary shitcoin. Some coins have very little legitimacy to exist and still people are falling for it because of hype.
Some coins are doing a good marketing to cover up a very bad product. It's important to know how some projects are doing a fraudulent marketing to deceive inexperienced people.

For projects build on top of coins, it's very similar. Only very few were delievering a good project and 99% are meaningless very quicky. For each Uniswap, we can be sure are 99 failed swap platforms.

A very safe bet it to alocate a high percentage of risk calculating by only HODLing BTC and some ETH but be very careful for smaller coins / tokens.
Smaller coins / tokens have a very high possibility to fail.

Very correct, that a project fails is not an indication of a bad team, just as a project with a good team is not also an indication of a good project that will not fail.

Many factors directly/indirectly affect the the success of a project, some which i can identify right now apart from a good team are;

- Sustainability of the ideology behind the projects: Projects which are hinged to sustainable amd viable ideologies will be accepted and can be sustainable.

-Competition at the early stages: If at the time a project is launched there are no choking competition to compete with, it can gain ground and become something known before any competition surfaces.

A huge majority of projects are fated to doom. Due to the simple fact that 99% of project tokens are useless, and add to the fact that most businesses and startups in general fail inside and outside the cryptocurrency space. So if you're thinking that crypto investing is easy, nope.

Its same thing I keep telling new investors, many altcoins are going to bring you huge profits but do not think that they will grow big like BTC and ETH, altcoins have more profits but when they are at a all-time high always take your profits and put the profits on ETH or BTC, many altcoins will fade away in time.

I have been investing back then when I was still starting in crypto after my first purchase of Bitcoin. I wished I just stick to Bitcoin.
Many projects are just purely copy pasta of another existing project and that ain't going anywhere.
Don't even get me started about some meme coins, lol.

You can see those that are established and the new to be unknown of their future.

If you want to be sure in investing with those projects then just stay with those established projects so that at least you'll have the confidence that your money is worth to be there.

As for majority of the projects out there, it's been said and the same as your title. They'll be good at the beginning but with its development, there's a proliferation of rug pull these days.

Team and community are very important for lasting project in cryptocurrency. A strong team will always give roadmaps that can attract new investors and traders, also news sold are good for coin. Coin in top exchanges are likely to survive and thrive in more cycle. The larger and active the team, the more attractive to influencers and likely to sustain high volume trade.

I have seen so many such projects. In fact, I invested in some of them and took time to follow up with the progress, but in the end they just collapsed, especially during the previous bear market.

What I realized was that however hardworking the team is, if they project didn't have a great community or strong backing. It was bound to fail. Most of the projects are just useless ERC20 or BEP20 token with no real use cases or working products.

Look at the top projects of the past, like Filecoin, Namecoin - they were once in top 10 coins by marketcap and people genuinely believed that they will be useful. But those coins failed to reach any significant adoption and slowly faded into obscurity. Having a hard-working team is not enough if your idea is flawed at its core. And the fundamental problem of crypto is that it solves "problems" that most people don't care about, and it comes with a huge baggage of drawbacks that makes their cost-reward ratio unattractive.

over the years since i first started investing in cryptocurrencies, i have seen a lot of good projects fail and it is not always due to the team.
Most of the time some ideas are just too early for the market and sometimes some projects are not just appealing to investors

I agree, but I think it is somehow easy. Just stick with bitcoin. :)

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I saw a post a few months ago which called my attention and I am now quoting it. From Dec 2017 to Jan 2022, only 4 coins are positive from the top 20.
BTC and ETH are the big winners.

So yes, most projects are fated to doom.

I cannot give a name of a single crypto project, but during the time when doing bounty is attractive I used to hunt for good projects with good teams and good objectives. I needed to do this because I didn't want to spend more or less 3 months promoting a certain project only to get paid with worthless tokens in the end. It might simply be me who failed with my erroneous standard in finding the best project or it could be that the projects themselves failed despite their best efforts, but the point is that there are a lot of them.

Yes there are plenty. With all my experience with bounty campaigns. I could say that most of my campaigns that Ive participated are much higher on failure than success. But I cant say Im not a good hunter cause Ive earned some on those of legit ones and Im using now as capital for tradinf and investments.

Projects that are hard cored marketed sometime end up failure if there is no demand and community support.

It depends on what you define as "hardworking". The scammers who scam a large number of people are also hardworking but that is not proper work and their project is obviously scam and is doomed to fail.
The point is that the project itself matters more than the work the team puts in. If the project offers a very useful utility then even with little work it would have a lot of potential. The reason why all the altcoins have failed to some extent in gaining any kind of adoption (getting pumped and having a big fake market cap is not adoption) is exactly this uselessness.

The 0.24x on NEO means what? The entire returns since 2017? That's a big lie and not accurate, in 2020 I bought some NEO coins for 6$ each and I sold them for 118$ in 2021, how much return is this? Are you for real? The problem lies with those that bought at high price and sell at another high price not those that bought at All time low.

Hard work doesn't always equal to good work, especially when it's build on top of fragile foundation (e.g. clone another coin source code, fork existing coin network or token without any practical usage).


It simply mean NEO price ratio between 2017-12-17[1] and 2022-01-24[2]. 0.24x simply means NEO price ratio between those 2 date. While it's biased, i wouldn't say it's a lie.

[1] https://coinmarketcap.com/historical/20171217/ (https://coinmarketcap.com/historical/20171217/)
[2] https://coinmarketcap.com/historical/20220124/ (https://coinmarketcap.com/historical/20220124/)

Though it's nitpicking, how is mere data a lie and not accurate? You're may not be wrong either, but you just nitpicked a different timespan to fit the narrative.

But the main point still stands. Handpicking cryptocurrencies is mostly hard, but if you can personally go in and out with good timing, then no one is stopping you.

Not surprising to see those project fails if their created token doesn't have any strong utility to support its long term growth so even if they keep updating their platform with series of good contents but if they didn't provide any solution to convince their holders to hold or even burn their token to minimize the supply or stop the selling pressure then all will be useless and falling down is the ending of their project.

There are too many crypto projects that introduced utilities that aren't even needed thats why many projects will fail on the long term, the moment people don't find usefulness to those use cases such projects will start losing investors fast and this will affects the project's trading volume and liquidity, later exchanges they are listed on will start delisting such projects one by one, let's learn to stick with very useful crypto projects.

there is, and it's not a little. there are many projects that have experienced teams who continue to actively develop their projects, but they are not popular and are forgotten. this may be a fact that hype plays a very big role in determining the success of this project. the most famous of which is EOS. this project used to be one of the coins at the top of the list, but now they are way down. even though their team is still working, they never return to where they used to be, as if this project was forgotten only their loyal holders are still holding on today.

That's just how it is because they cannot become successful silmutaneously and some project need to take the loss because the other projects are working well and convenience. Unless they will not give up and continue to make it right until they become like samsung company in the crypto industry where it overtake everyone in the phone industry.

Sadly this probably happens to a lot of "good" projects that are really trying to achieve something or that are trying to create a crypto project with a real use case that offers their customers and users a nice experience and so on. In some cases a good project idea and a passionate team that really wants to deliver is still not enough though which is sad. Especially when at the same time absolute shit-tokens like Shiba Inu or BabyDoge are in the focus of a lot of people and have trading volumes of several million each and every day.
Maybe the project Energi is also one of those that sadly never really managed to lift off completely. It's price was at over 3 $ a year ago but since then it's falling slowly but surely.

All this crypto craze can go on for a very long period, into the future is say but in the end only very few will be needed to exist, every others will either be shutdown due to people not wanting them anymore or die on their own for other reasons, to me few coins will survive, not just Bitcoin and Ethereum.

This is the raw data.

0.24x means it lost 75% of its value.

Price NEO in Dec 2017 = 68 USD https://coinmarketcap.com/historical/20171217/
Price at Jan 22 = 18 USD https://coinmarketcap.com/historical/20220124/

It is very hard to understand that a success of a project doesn't determined by the project team or hard working, if there is not finance to further developed the project could also lead to failure of the project and secondly if there's no usecase the project can termed to be useless and worthless without any developments. OP already said alot so read above

Not to disappoint you but the word 'fate' is not applicable to crypto currency (my believes). Cryptocurrency, defi and the blockchain 100% rewards hardwork and competence; so if there are any crypto currency projects that fail, whatever the reasons or excuse for failure, the project lacked the neccessary skill, hardwork or competence

Yes many projects already. I don't want to say some projects but I know myself that there are many.
There have been projects in the past who conducted a token sale and became successful yet, the project still fails.
There have been projects who have good development team and yet, the project still failed.

There is one reason why this happens and it is the community.
Might not be the main reason but for me, the community behind a project is very important for the success of it. You might have the best project but if you have no investors to invest into your project and support it then it will be useless. Its my first time to see the word "fate" being used in crypto though.

a lot of good projects and sad endings, even now the coin is still on several exchanges, that project is NXT,
NXT is one of the old crypto projects that is currently in a slump, even their development is also dead, no exact information,
the price of NXT too experienced a severe dump and really sad

There are many such projects and there will be new ones. Everything happens depending on the usefulness of the developed platform in the cryptocurrency world. There were different cases. For example, the project is already building something that was before it. And then it shoots again. Everything depends on different factors.

That’s definitely not new in the crypto. Since the inception, many projects are working hard but unfortunately they change the minds in between. I could only think of reasons like money greed, internal team issues, not enough publicity. However, I believe it’s the first reason which makes them go crazy about it. I’m stun with many projects such as spacebits, gems, xfc, towerbee, are some of the projects who raised huge sum of money initially and they got published a lot. However, soon after its breakdown investors started pulling out their money and projects ended up in junk yard.

You will find a lot of that kind of projects at the top 500 CMC or even more. I will not easily to call them as failed projects but yeah i will try to take crypterium as an example. The team was deliver its product since a few years ago but it's only getting hyped right now after the coinbase listing and so the product is not the main thing used by the traders to bet. The main thing must be the hype around the project. Hype is the most important thing to make the token became successful.
Don't you know the story of shiba inu? Yeah this token has no product nor utility when it was getting launched but it can enter into the top 50

Here it is https://twitter.com/CypheriumChain :)
It's not a complete failure, it's just that the expectations of investors like me for it are really bad.
However, looking at it as a whole, I find that most projects fail in this space because of a number of issues, such as meaningless products not being applicable, as well as just following silly trends to get the job done and attract investors to make money.

The lack of funds has made so many projects fail to succeed. What makes a good project tend to succeed is when it has the necessary funds from investors to actualize its plans. When there are no such funds to keep pushing, a promising project can turn out to fail

Those projects were getting more than enough funds to develop the platforms or even doing various marketing and exchange listing. The team was not using the fund wisely. It doesn't make sense if you are saying that they are lack of funds. Some dead projects have been managed to raise multi millions USD like decent foundation which is a scam project right now.

That's actually wrong but it came from the competence from the team.

The team really determines the course of the project going forward, because this greatly affects the project they are holding, in many cases I have seen they have a pretty good team, but in the end the project also failed, I don't think it is necessary to directly mention which team and which manager, because for bounty hunters almost generally know this, sometimes good teams fail projects and there are also good projects, but fail to be managed properly by the team

I have not followed the market of new altcoins too closely as of late but I do not see why something like this cannot happen, after all it is known that effort not always results in added value.

So even if the developers of a coin had all the good intentions of the world and were very hardworking, if they did not knew what they were doing then the project will naturally end up in failure, as it is the case for the vast majority of the coins that are released in this market.

Some projects after getting recommended for inclusion in the top list of newcomer projects, so they get some of the funds from the sale but honestly don't really use all the funds for marketing and listing various exchanges, because the use of funds is not wise and it seems to use investors funds for purposes other than project development, in the end the project failed because it stopped making efforts to realize the roadmap target.

Although the projects are working, it is the masses that make it important here. Because every day or within a period of 1 year, dozens of projects come into operation. Among these projects, there are many projects that are really hardworking and waiting to do business. But people often don't care about the technology or the hard work of the team. He's only interested in how much money I can make in the current situation and how much money this project can make me. In my opinion they are right. Because there are so many fraudulent projects in the current crypto money industry that people are tired of being defrauded. As a result, many projects that really deserve a chance are disappearing. Therefore, some of the projects are doomed to extinction.

Many old projects did not fail, many even reached the new all time high, this is to be honest I only know of 1 old altcoin project that really failed,
even though in the past this project was very liked by investors, yes it was DOVU, now DOVU is only at rank 720 according to coinmarketcap,
even though in the past DOVU was in the top 100 to top 200, and became a potential project in 2017, DOVU in 2017 had pumped to $ 1,
and now the price is below $ 0.1, very terrible

Yea, there are a handful of projects with a very solid team yet didn't live up to expectations. This is because a project do not succeed just because they have a strong team. A very vibrant community is very key to the success of any project, also publicity is very important to the success of a project. A project with a weak team, but has a very good marketing strategy will succeed.
So, a project team may have the best of intentions and yet fail woefully.

There are hundreds of these projects. There is not enough space to list them all. The competition in cryptocurrency is huge and great desire and work of developers does not guarantee anything, as a competitive project can do the same thing better and offer more favorable conditions for interaction. Also of great importance is the interest of large investment funds that support the project in its early stages.

I do not know whether you can refer to such a project TON, which had powerful investors, an experienced leader who has created several successful IT projects, but still the team failed before it even launched. All because of external factors and various bureaucratic procedures, but at the end it could have been another multi-billion dollar project, which would have been in the top 20 crypto projects.

Actually no, there are many projects that just wanted money from investors and not how they value their services offered globally. Many projects tend to be just a copy-paste of another project for the said reason. If they are indeed hardworking and wanting to do business, they will do extensive research just to find out on what the people need these days and not on what they really needed to the core.

There were and are many
A successful project may not only lay on how good the concept and also the team. Hardworking and professional team members may be goo and supportive, but this is not only the only reason why a project is successful or not. There are several other factors that are influencing such as the acceptance from the investors, funds that they have, exchanges for listing, promotions, and others. These all elements should blend together and work very well in order to be acepted in the community and being successful. But once more, this is not easy.

most of new project only copy paste technical document from existing, they didnt developt their own ide about blokchain technology so would not deliver MVP to their community. solving problem in market should be an idea new project in crypto market , when it could realize by launch a product with utility, market will respon it well.

Yeah there are several that I know, good hard teams and even investors are happy to get profits according to what has been agreed before, but the product currently has no interest and has even become worthless also has been removed by the market. Their project usually comes at the wrong time and inappropriate marketing.

No, I don't believe that. The project may fail for a lack of marketing strategy not because it was created at the wrong time. And besides, no perfect time in creating a project but what people have to look at and consider most is the value and use case of the project. It is just to see these days that many of the projects are useless, they don't have any market importance that could encourage investors, they'll somehow just be ignored.

The main point is when the project created a useful product but no hype was coming to this product and im sure the project will dead. The product will have no users, meant no revenue for the platforms and the platforms will be dead can't fulfill the operational cost. This is making some projects that waster their money to develop the product became fail but i remember one point is something project was only created cheap product that cost small. The team was using money raised for funding purpose for their own personal intention.
This is also making the project dead even it has product

There are lots for sure and here's the possible situation.

1. Hard work but still not enough development
2. Actual utility  isnt really that appealing or interesting
3. Didnt really get that much attention.

There are hidden gems but if they've been ignored then expect that there would be a specific reason behind that.

I doubt there would be any such project that would fail where the team is legit and is actually working hard to bring out something. As long as they are trying and is providing something unique or at least solves problems that current projects are facing, they won't fail. Look at different top 50 projects. There are many that were nothing years ago, but they are worth something now. As long as the devs don't give up, the project won't fail.

it's definitely there, even if you're a year here, you'll find it too. It's not just projects that don't pay off and then run away with investors' money. This is even more painful than that, they will not pay the bounty hunters even when their project is known to many people, I have experienced this during the past 4 years in following the bounty, some bounty hunters do not hesitate to attack the social media of the project because they are not paid properly. Examples are digitalbits, tokenpay, payaccept. Some may pay inappropriately it's just as painful.

Everyone can give out their very best and yet the results are still not great enough. Investors are still not going to get attracted to their project, that is why they can still fail. Some only gave minimal effort and the outcome is fine already but how much more if they will maximize their potential?

Investors will be dying only to get them. The projects that are fated to doom are projects whose teams are less experienced and have no real interest in the project that they are building. The only reason why they insist to continue is because they are trying their luck. They know that the crypto field is profitable. This is why it's recommended to research the team and their backgrounds before investing.

This list definitely does not include Fanfury. So there is nothing to worry about. Just make money on your favorite sporting events. In the Fanfury project, the system reduces risk to value and protects FURY token holders through the association of value that is established between use and offer.

You dont have to be sad because NXT performed worse, this is why diversity is very important when investing in crypto projects, don't put all hopes on a single crypto project it is wrong, also if you are still holding this NXT do not sell, there are few cases of dead projects bouncing back to life, one day this project might make a vengeful comeback lol.

Indeed, there are many of them using same concept and idea from success projects out there.
What investors need is some new projects with a new idea and marketing strategies to reach other people because marketing strategies is very important beside the plan for the project in the future.

I think that 90% of projects will eventually fail because they were just money grabs or science experiments from the start. Some projects have good tech but they have bad marketing or something goes wrong with the team or a contract. Long term, I've placed my bets on these cyrptos. I think they are in the 10% of those that are going to succeed.

ICP, 0xMR, IOTA, UTNP, XRP

It makes sense that many altcoins are popping up because they keep giving new investors chances to make more money, the biggest money I've made from crypto is from shitcoins and low market cap gems, better profits come from new altcoins compare to altcoins that have already did 10X or more.

This is the reality not just in crypto, but even outside crypto. Everything is associated with risk. And since no project that will guarantee profits, if they cannot succeed, meaning they will end up failing. Even bitcoin does not guarantee profits after all, we only know it will continue to grow its value, but we don't know when will it last, so everything may still end up  to doom.

The real volatility usually came from a new project, you can expect new investors to come but of course they will sell later on and that makes many people lose their money. If you have a fast hand to buy and sell, you’re good but if not better not to buy at all. There’s a lot of fake projects, and projects that didn’t get the interest of the investors, they are meant to fail and most probably they will come here again to try and introduce the same old scheme so be careful.

even top project could be failed if there is internal conflict between developers team , project will not runnin smoothly there will alot obstacle that will face them in future. in reall business if didnt prepare well from start everything will failed and not achieve target. everthing depend on who behind the project and how they managed it so could running well. risk will always occur when there is profits there.

Definitely a lot of cases. In fact, most of the newly launched projects are fated to doom even if they started with high potentials to succeed. There are no assurance in crypto, even the best of the best projects will still end up in failure once the project were unable to meet their goal. Some just got lucky that they have succeeded, but i think all the projects have struggled just to get where they are now.

There is a lot of things that needs to be aligned correctly for a project to be successful, i have seen exchange projects which had the potential but they failed to exploded considering the initial hype they had because the team lacked the experience in whom to trust when it comes to liquidity providers and other aspect of the space and hence they are lacking in over all aspects, the team is enthusiastic and the idea is novel but if you are not doing the proper homework before launching the project, it is bound to doom.

there are very many of them to be honest, the issue is that people usually think having things explained in whitepaper means i will be successful which is not true no matter how hardworking a team is. i can categorically say that some determined team fail because of the kind of project they did as its complex and unrealistic so at some point they had to abandon it. the way and means by which a project idea can be realised  is more important if a project will last.

So, what do you believe could have led to the failure of this project? Sometimes there are some projects that are not really genuine, and are being run by scammers. But, at the start they would all pretend to be legit, and they would use this method to attract investors to invest in their project.

As time goes on and the level of investment on their project starts to grow heavily, they will then shut down and make away with the investors money. So, sometimes not all the projects which we think are legit and good are really what we think they are , some of them are not genuine and are just fake projects that are being run by scammers.

There are too many reasons why a project can fail but all in all its always about the projects team, how experienced they are and how serious they are with the project because believe me challenges will come, both the ones they are ready for and the ones they aren't ready for, giving up is why projects end up in the trash.

Not all projects fail because of the team, what we have to understand is that the team is only part of the media that runs the project, while development and investors are sometimes outside the team that holds the project, so this is not where the most basic error lies, more specifically, investors are the most influential here, if they stop the project, then the team can't do anything

Taking into account the huge number of scams we have seen in the past I will argue that this is in fact the most common scenario, scammers have learned to disguise their intentions very well and as such many of the projects that may seem to be legitimate are in fact just an elaborated scam.

This is why the attitude against new coins keeps getting worse and worse, as there is a limited amount of times a person can be scammed before they begin to think that all of those coins are scams and they are not worth to invest in them.

We are here to make profits, double our investments, where that is coming from is up to us, I have make money from altcoins and I have make more money from meme coins and shitcoins, I don't have to hold them for so long until the crash, the mission is make profits and exit.

Indeed there has been a lot of projects in the cryptocurrency market which people believed would be successful but they ended up failing. We can’t really tell what could have led to the failure of all these projects, because we are not part of the team we are just some outsiders who are picking up interest in the projects and investing in the ones we believe in.

For a project to fail, it is possible that one thing or the other must have triggered what led to the failure. One thing which is likely to lead to a failure of a cryptocurrency project is inadequate resources. So most of the time, the team can be hard working but due to lack of the resources that they need to keep the project going, they might end up giving up on it which leads to a failure.

Well, it's always hard to invest in crypto due to the fact that all the possible outcomes are still uncertain. You cannot be sure of a certain project even if its started with a very high potential and the community is very strong. This makes most of them still end in failure, not because they don't have long term vision, but because they end up with useless tokens that makes no use in the community.

That is true, but the issue with that is that now you are taking a huge risk and you depend on making the right choice at the right time when you are under extreme pressure, and while this is possible to do if you are in fact a good trader this is way more difficult if you are just a newbie trader or someone that lets his emotions to take control of him.

So with this in mind the strategy that you are proposing should only be used by traders that have accumulated success over the years and have the experience necessary to remain calm under very adverse circumstances.

Some coins are indeed fated to doom. That's because those coins can only survive for a short time and it's demand is not much needed or there are coins with the same purpose are already up and running so, the coin founder will be force to shut down or abandon the coins if it doesn't have much coins in circulation. It's about supply and demand plus it's uses are also needed. If a token or coins are useless then the supply will decrease and many people will start selling their coins and never buy again while some people lose their investment.

Everything said in your post is correct. The competition aspect has run many projects amok in addition to bears. Projects normally avoid releasing their tokens during bear season because it doesn't do them any good, whether the project is good or not. Most investors freak out whenever price dumps and lose investment appetite during such. Expectedly, these aren't people you would tell about new projects and they show any sign of willingness to invest in such.

These kind of project were lack with the hype. The normal thing must be a project with a good product will always get a huge hype unlike the project that develop the product but this product was not solid. This makes people will be also tried to say that if some projects have become pretty much the same like the zombie project as the developers keep wasting the resources without any return from the product that already launched.
The fact when we are seeing the reality if mostly of crypto said still in the development progress but they didn't aware if their product were not viable again in the current trend.

Regardless of how good the project is or not, all projects are fated to doom. Lucky for some of the project's developers that they manage to overcome it, by winning a strong community that totally supports the project all the way. However, its always seen happening in the market that no matter how high the potential the project has, how its gaining positive huge impact from the community in the start, but in the end the project still fails and cause huge loss on part of its investors who trusted it.

There are always up and downs when it comes to developing a project and if the project is really stagnant without any big impact to the market and the world then yea it's going to have the same fate as the other projects where it is similar just the other projects without any unique impact to the community, that's what most of the projects lack of, they only do similar stuff like other projects without any real use-case at all.

I know of a project which I won't really want to mention the project name here, the team where very hard Working which I was very impressed and I also participated in their presale but at the end the team fucked up and the project died. The team are not having experience that's the main reason why the coin died, after their presale they team ended up listing the coin on an exchange with poor reputation and the exchange is not even having volume which I won't disclose the exchange name, after listing the coin on the exchange then people dumped the coin and now the coin is dead

For me, I invested in a project a year ago and it was fated to doom and fail, and this is due to the lack of experience of the project team or the lack of capital they have, as they cannot list the project token in the popular exchanges or develop the project and or the project lacks interested investors, or that the idea of the project is not innovative and not very related to the Blockchain. These are some of the big reasons that lead to a project to doom and failure.

Oh yeah, of course.

The best example that I can think of is probably Steem - they had an awesome team, a very experienced leader, but at the end of the day because of certain events that were outside of their control the entire ecosystem was completely dead.

Being successful in the cryptosphere does not just depend on hard work, or quality of ideas. It also very much depends on luck, which not all teams have.

Of course I have come across some of them. The one that struck out most was MPCX. Those individuals were hardworking(I think) but somehow it just didn't pan out. They even paid us our bounty with expensive Ethereum gas

This is because the understanding about crypto project investment is still low enough., moreover there are many investors that are trapped because of hype and FOMO. Some may also not analyze whether the project is exactly good or only shit.
Sometimes, even though we have analyzed the project and think that this is legit, it will not guarantee it. Moreover, if we don't analyze it at first.
It is sure that there are so many new projects and I personally believe that only very few projects that is exactly legit and promising to have good progress and development in the future. The least and the most projects are only shit projects with high promises, died before listing, or dead because of delisting.
That is why always be careful and smart enough in every investment project.
Many projects are dead

Well it is either because the said project does not offer a unique usecase that people can cleary see and that has the potential to drive the future or the said team do not know how to do the right marketing. Because let's face it, hardwork is not enough to make a certain project successful. Try to look at those projects at the top, and if we will observe, we can see that it is the usecase, right way of marketing, transparency of the team, the community and a lot more that brings the project to a success. Hardwork is useless even if the people around you can see it. So it is more than hardwork.

It is true that hard work is not enough, after all how many people have seen through our lives that are very hard working and yet it does not seem as if they are going anywhere? And the same principle applies to this market.

What people need to understand is that in this market innovation is at the top of the list of the things needed to succeed, this is why all of those coins that are nothing but copies of bitcoin but that claim to be better never each any significant amount of success, as they are cheap imitations of an original project like bitcoin.