Dead Coins: Over 50% of Cryptocurrencies Have Failed

[Ndabagi01]

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

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.

[yazher]

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.

[Albarq]

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.
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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

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.

[Hypnosis00]

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

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.

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.

[uneng]

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 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.

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.

[Volimack]

Actually, we want to call 99% of them dead or scam coins, but official statistics tell us that only 50% of them are dead. Altcoins are a bit of a risky area. Before investing in altcoins, it is necessary to make some examinations and evaluations. As the market is still in its infancy and scammers have a voracious appetite, inexperienced investors have to travel through a minefield. I tell everyone around me who asks me for advice that this is a very good market, but it is also a very risky market.

Altcoin remain a very risky market and that is why it's not advisable to invest all capital on altcoin. Altcoin may make you rich or poor within a second. The most annoying part is how easy people can be gotten scammed with altcoin.

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.

[mich]

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.