Why most of ALTCOINS are dead or worthless?

[minairia3]

At first ICOs are indeed trusted and not flagged as scam. It's just that after the 2017 bitcoin bubble where some alts pump scam ICOs become a trend and so many developer took that chance to fool some investors. This resulted to ethereum downfall as most of the ICOs are using their blockchain to create erc20 tokens for their platform.

Even up to now this is still the case but good thing is IEO enter and make those accusation little bit light but some exchange copying the IEO of major one such as Binance make it worst and continue the scam of some little projects. Continously, scam is everywhere and this cant be avoid whatever trend comes to this market.

[cryptoangel]

Most of present crypto projects are complete worthless in fact and their token's price is pumped only when some whale or exchange uses it to drain money from hamsters' wallets

In crypto platform both promising and worthless projects are available in the market. So we must actively monitor the crypto platform because number of best projects also available in the market. I hope everyone expecting the worthy project so we can work hard in crypto environment surely never loose the investment. I think number of projects are entering the so peoples are move to better projects so we can adopt the better projects we will make profit.

[istiak2277]

It's mostly because of the lack of support and the idea behind the project is not strong enough. According to CoinMarketCap, only 82 altcoins have more than $1 million daily trading volume. but there is more than 2500 alts in the market.

[justdimin]

The amount of money in the market can't sustain putting too much money into all the bad ones as well as good ones. There is already very good coins in the market, many people like them and they are doing pretty good, so there is no reason to put money into the bad coins.

Reality is most of the coins are just horrible ones that nobody works on anymore, they are not developed, they are not hyped, they are basically just dead because nobody does anything about it. on the other hand there are good ones that constantly gets better and better and used in more and more places so logically they just get all the attention and of course the money.

If any dead or worthless coin wants to get better, all they have to do is develop to be better and do marketing of it.

[Ken_terrance]

I think we already have enough coins in crypto space, every single places that needs digital currency have been filled, Airport projects, hotel projects, Real estate, Donations, Dapps, etc but nowadays new projects are using different names but same ideas, very boring to me and I'm sure its same for many investors out there too

[Spider A4]

An end of 2017 and early stage of 2018 was crypto era, they know very well when who started work in there, i think half of altcoins enlisted in coinmarketcap in which time. Most of crypto projects created in ethereum chain, you can create easily if you are a programmer or it possible to create through any other platform where you have to cost 5$ or something more.

[ameliana]

maybe the main reason is because market demand is smaller than supply in the market, on the other hand we can see that making your own token through the ethereum platform is quite easy and it is not surprising if someone can use this platform for cheating.

[cytpoway121]

Most projects were copied and emulate other progressive tokens.

The altcoin token path is the easiest in the crypto sphere; if an altcoin product, dapp or blockchain is poor, it will end up worthless and die.

That's one reason there are so many de listed tokens

[#Darren]

Because nobody cares mate. All people want is making money here and now. They would invest in Binance IEO to make fast profit, rather than to wait for a good coin to raise. Furthermore, the market was falling throughout 2018 and 2019, so no wonder that almost no new altcoins performed well.

[TemTum]

Most projects only created a token and not a new technology for a particular need

Temtum created a new blockchain and consensus algorithm which allows it to be faster, more secure, greener and more scalable than bitcoin and other blockchain technologies

their use case is a nation currency which they have deals in place already

and the fact they funded this project with 10m usd of their own cash without any ICO or IEO shows how serious this project is

This is not like all the other projects which build a token to raise cash for the founders, and this kind of token will not die in the market, but the other tokens will

[TemTum]

Because nobody cares mate. All people want is making money here and now. They would invest in Binance IEO to make fast profit, rather than to wait for a good coin to raise. Furthermore, the market was falling throughout 2018 and 2019, so no wonder that almost no new altcoins performed well.

TemTum did 3x in 2019 ! - not all coins failing only those with no technology or actually contracts with states and not just so called partnerships with nothing companies

[Shasha80]

In my view, it's too easy to make coins, and when in 2017-2018 the demand for crptocurrency is very high scammers take advantage
of this opportunity. When that number of ICO projects that appear very much, and we can see after that many investors have become
victims because of ICO projects up to now many are scams. And if the projects are successful even because the purpose of creating these
coins is unclear benefits, many coins left by the developer. And one by one coins become dead coins. In this case it will be repeated like
this because it is not clear rules about making cryptocurrency.

[bgaf]

In my opinion. Only altcoins with legit marketcap can only survive this bear market. Yes they died out due to the fact that investors only invest with pioneered coins that has been here for more years already. I only see them invest with IEOs of other platform such as Binance. Who keeps gaining much but after that will still jump to btc, eth, xrp, ltc and other potential projects. New projects that came from ICO or unknown IEO will died on the process cause no liquidity incurred.

[tbterryboy]

You’re right, Ethereum Blockchain has given people the opportunity to just start up any project they want without plans at all. Even scammers are now misusing because it makes things easier for them and they can just start up as many projects as much as they want and use it to scam lots of people. Such a situation has discouraged a lot of people from participating in new projects and people now sees ICO as a scam because scammers have made it seem that’s how it is, which is very bad.

I don’t know how this problem will be solved, but it is up to investors to be smart and avoid bad projects.

[mcnocon2]

Its mainly because most altcoins in the market dont have a real use case, it was just build with pure hype and no product at all. And to take note that they have a fraud team who just want the funds gathered in their fundraising. Or some of them stop on developing their product.

[Baby Dragon]

I think the most reasons why those altcoins are dead because it was only created for a sole purpose to earn money from it and scam its investors, others altcoins also have no real use case that's why it has no demand for its tokens/coins that result in dumping and eventually die in the process. some are promising but the team has decided to stop its development due to funding issues. that's how I thought.

By all means that most of altcoins are specifically made to exploit the funds and assets of investors, but what can you expect with people nowadays? they will surely search for a chance to deceive others. It is the reason behind why investors are in doubt on investing their money on new projects in light of the fact that majority of them are as of now mindful about the approaches utilized by scammers. Thus, investors should be cautious to abstain themselves from losing their assets for nothing. A few projects will attempt to trick you by their promises and you need to ensure that you will do your research before investing or else you will end up simply like every other person, losing their assets for trusting a project that doesn't give them a assurance that their investment will be profitable.

[Tash]

Most have no usage at all.

[shiming]

The biggest difference between altcoins and mainstream currencies is their characteristics. For example, Ethereum smart contracts, Litecoin lightning trading, etc. are their characteristics, and many altcoins are copied from other currencies. There is absolutely no distinctive altcoin, it will definitely die. No one cares. Therefore, we need to stay away from such cryptocurrencies.

[pixie85]

maybe the main reason is because market demand is smaller than supply in the market, on the other hand we can see that making your own token through the ethereum platform is quite easy and it is not surprising if someone can use this platform for cheating.

That and most people are jumping from one coin to another because all they want is to catch a pump. Nobody holds altcoins for long they're but a trampoline to launch yourself into the big world where rich investors are finally able to buy 1 or more bitcoins and settle.

I see only the same thing reocurring in the altcoin sector. Poor people from India, Pakistan, Philippines start from scratch earning pennies then when they finally have some money they go to another coin and another trading catching pumps and finally go towards one of the big coins like BTC, ETH, BCH.

[deeameea27]

Because is no more trade volume like was in 2017 and also cause many people not invest now on crypto after they see price of bitocin where is from 20k.