Why most of ALTCOINS are dead or worthless?

[coinerer]

When you could create your own coin by paying a small fee and market it in different ways that is strategy is taken by the scammers. Normally a scammer making huge money and then would go away. The effect of that situation is still here although the number of scam projects is relatively less but it is not finished. Some Legit projects do not get available money form the ICO because investors have the fear of losing money. Many projects are dead and many are hide due to such issues.

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[SistaFista]

The major reason why we have an influx of worthless coin in the cryptocurrency space is because of the ease in creating smart contracts. We all know that smart contracts can be created with little or no technical knowledge, couple with the fact that one only have to pay very little amount for gas. This has given everyone the opportunity to explore and unscrupulous individuals are using the opportunity to take advantage of the investing public, flying several ICO projects to deceive the public.

Most altcoins are worthless, particularly meme coins. Creating new meme coin is very easy, just copy and paste smart contract code from some top meme coins and you are done.
The coin creators should think something different from the existing altcoins so their new altcoin will be able to gain the trust from people and their
coin's value will rise due the high demands.

[Abiky]

The reason is that everyone can create so many tokens, and it's very easy to make smart contracts so that's why everyone in the world, creates tokens for the sole purpose of finding investors and making profit, no matter if it sells in the market or not, at least they have  trying to run it, but with this convenience it is often misused by irresponsible people such as fraudulent projects, and in the end many altcoins just die or are abandoned by their owners, we can see lately that many projects have not continued the concept even though  it's been arranged so neatly, but the market decides it all..

Exactly. Anyone can simply create a token or cryptocurrency with the purpose of cashing out as quickly as possible. Only solid projects that are determined to provide real use cases to the world will stay no matter what. To say the least, 99% of altcoins will die in the future while only a small few will survive. Not only the vast majority of altcoins are created for pure profit, but most of them are not even as decentralized as one thought they would be. There's a reason why Bitcoin is still the "King of Crypto", even thought it doesn't have all of the bells and whistles of the other coins. That's because Bitcoin is the most decentralized cryptocurrency unlike any other in the world. Ethereum comes next to Bitcoin in terms of decentralization, but with the upcoming merge to PoS, that would be put up to question.

At least, altcoins prove to be a great profit opportunity for those who jump in early. As long as you don't invest more than what you can't afford to lose, there should be nothing to worry about. Just my opinion

[bitzizzix]

Coins or tokens that are declared dead for various reasons, such as development stops or no progress. And also because no one else uses or trades them, and some die as a scam or a scam.
Many projects end up being scams because they have no purpose, and the goal is simply to take profit or take money from investors involved with them and then disappear. Because it is not easy to make coins or tokens if you understand them well, so it is also easy to die or commit fraud.

[Ozero]

In beginning of 2018 there were a lot of alcoins was launched in market, Most of them was just to scam people with typically referral method by social influencers.

This was also a flaw of Ethereum blockchain where any single person can create his own coin with his desired supply and name by costing very low fee.

As with the help of Ethereum blockchain where it was super easy to generate any coin it was easy to launch any ico with high promising goals and convince people to make their money multiple x.

Those scam or ordinary platform make alt market dirty game. And this impact very badly on the genion project where many traders lost their interest.

You described it as if the big problem with cryptocurrency is that it is open source and therefore anyone can create their own cryptocurrency. Because of this, a lot of fraudulent and worthless coins and tokens appear. This is not a disadvantage, but an advantage of cryptocurrency. It is thanks to free access for everyone that cryptocurrency is developing and improving very quickly. If you limit access to it to create new types of them, there will certainly be abuses by those who will decide at their own discretion to allow someone to create cryptocurrency or not.
Potential investors simply do not need to rush to invest in all the coins and tokens that are rising in value. That is the problem, but it is an individual problem.

[kojektea]

what is different from 2017 is said to be the golden age of cryptocurrencies with now is that we no longer see a balanced coin market. in 2017 there are many markets, making it easier for any coins that enter the market to always sell. for now the market is not balanced, everyone thinks that no. 1 is binance, I admit that too, but it's a difference I feel.

[blockman]

what is different from 2017 is said to be the golden age of cryptocurrencies with now is that we no longer see a balanced coin market.

What type of balance do you expect? The market is always different when we're at high and it goes the same by the time it falls. The same scene every bear market that it falls too deep and that's why there's no difference during that season.

in 2017 there are many markets, making it easier for any coins that enter the market to always sell. for now the market is not balanced, everyone thinks that no. 1 is binance, I admit that too, but it's a difference I feel.

It's the same. There are even more projects that have been established during the start of the bull run and we see the fad of P2E and NFTs and that's made the market really crazy the same as the ICOs.

[BuNga_cute]

In beginning of 2018 there were a lot of alcoins was launched in market, Most of them was just to scam people with typically referral method by social influencers.

This was also a flaw of Ethereum blockchain where any single person can create his own coin with his desired supply and name by costing very low fee.

As with the help of Ethereum blockchain where it was super easy to generate any coin it was easy to launch any ico with high promising goals and convince people to make their money multiple x.

Those scam or ordinary platform make alt market dirty game. And this impact very badly on the genion project where many traders lost their interest.

You described it as if the big problem with cryptocurrency is that it is open source and therefore anyone can create their own cryptocurrency. Because of this, a lot of fraudulent and worthless coins and tokens appear. This is not a disadvantage, but an advantage of cryptocurrency. It is thanks to free access for everyone that cryptocurrency is developing and improving very quickly. If you limit access to it to create new types of them, there will certainly be abuses by those who will decide at their own discretion to allow someone to create cryptocurrency or not.
Potential investors simply do not need to rush to invest in all the coins and tokens that are rising in value. That is the problem, but it is an individual problem.

I don't mind if new projects keep popping up, because it is a beautiful thing if everyone is given the freedom to create their own crypto coin.
Later the selection process will run naturally, only good coins can usually survive. Good coins will usually gain the trust of investors and the coins
will continue to grow and increase in demand. While the bad coins, will die by themselves. Actually as long as we are not in a hurry to choose
coins for investment, then do research and analysis properly, we should be able to distinguish which coins are worth buying for investment.
That is why we must really know the coins that we will buy, so that we are not wrong in choosing coins for investment.

[FirmWars]

80% of new crypto developers are here to make money and they use their time to copy paste from other serious projects, this is why many crypto projects have failed in time, its smarter for newbies to learn how to avoid such projects, they are now everywhere.

[Kadal Ijo]

Projects that are not supported by strong financial will slowly die, a large project has a clear vision, for example is Monaco Card which is now Crypto.com (CRO), many say that Monaco Card is a scam, but the team always convinces that Monaco is a big project And now it is proven.

[BlackBaron]

In beginning of 2018 there were a lot of alcoins was launched in market, Most of them was just to scam people with typically referral method by social influencers.

Actually, making Altcoins is easy, which is difficult to find investors or capital, we can all create Altcoin projects, what if we don't have financial support we will automatically fail or die.

That's what causes a lot of Altcoins to die today, they think they can make big profits, in fact they don't, actually their goal is to make altcoins want to cheat, but they are aware that they are deceiving themselves.

[Wildwest]

Since 2017 it is indeed very much a project that is present and they can get a very large profit, so from this achievement many teams want to make their projects by providing attractive offers for investors and at the end of the project many followers feel disadvantaged by them, and at that time and until now scamers have been growing so that we cannot judge which projects do have potential.

[AnonBitCoiner]

I was not in favour of Ape coin when it was launch but letter they made some good Partnership and they proved to be top Metaverse project. I think it's little Risky to invest in this coin. I will recommend Sand or Mana which is high potential coin and Risk rate is very low. For short term it is good because already down .

[First Registration]

You ask a good question why most altcoins are dead. You are absolutely right. As far as I know about altcoin it is the most coins or tokens created in the current market but all coins or tokens don't give time after handling for some days.So that coin or token becomes worthless. So it can be said that most altcoins are dead.

[virasisog]

Since 2017 it is indeed very much a project that is present and they can get a very large profit, so from this achievement many teams want to make their projects by providing attractive offers for investors and at the end of the project many followers feel disadvantaged by them, and at that time and until now scamers have been growing so that we cannot judge which projects do have potential.

There were actually lots of potential and profitable projects that existed before but they were mishandled while others get involved in an issue without resolving it causing them to ruin the investor's trust and reputation of their project. Investors are now skeptical and trying to avoid new projects just to get rid of scammers who are hiding behind new coins and potential projects are still affected.

[Jackl87]

In beginning of 2018 there were a lot of alcoins was launched in market, Most of them was just to scam people with typically referral method by social influencers.
Those scam or ordinary platform make alt market dirty game. And this impact very badly on the genion project where many traders lost their interest.

I think that 2018 was still quite OK in terms of the number of upcoming projects in comparison to the 2020 and 2021 hype around new tokens. The reason why 2018 was better in my opinion is pretty simple. Back then most of the new and upcoming altcoins at least tried to offer some use case and functionality to it's users. Of course a lot of them are dead again ow but at least they tried to achieve something.
In the last two years though it were mostly useless meme-coins that were created and the reason for that was not because they were needed but because the creators wanted to make some quick and dirty money without putting any effort in. Thank god that hype is over and more than 99% of those shit-coins are dead again already.

[Victorik]

When the team behind any project lacks focus and direction. That project is bound to fail. Also, some of these shitcoins have no utilities. They are built around hype and promoted by highly influencers people and often time, without a strong purpose they fizzle out with time.

[sulendra12]

In beginning of 2018 there were a lot of alcoins was launched in market, Most of them was just to scam people with typically referral method by social influencers.

In 2017-2018 era, most of the projects were "successful" at that day where once they launched on the exchanges, the price would be really high at that time so many people using that opportunity to scam people for following the hype, so that innocent traders at that time will just invest on everything because of how easy to get profit on early ICO days in 2017-2018.

But nowadays new projects are having a really difficult time where the scammers are taking over at everything and I doubt legit projects even exist these days.

[blockman]

Projects that are not supported by strong financial will slowly die, a large project has a clear vision, for example is Monaco Card which is now Crypto.com (CRO), many say that Monaco Card is a scam, but the team always convinces that Monaco is a big project And now it is proven.

I remember that before when it was still Monaco(MCO) then it became MCX if IIRC, and then become CRO and now it's Cronus.
Some projects are making this way and they're proving their worth but the other altcoins they can reinvent and still try to get into the market. They're just good as dead.

When the team behind any project lacks focus and direction. That project is bound to fail. Also, some of these shitcoins have no utilities. They are built around hype and promoted by highly influencers people and often time, without a strong purpose they fizzle out with time.

Most of them don't really have utilities and the only thing that makes them interesting is the marketing.

[nurilham]

some of these shitcoins have no utilities. They are built around hype and promoted by highly influencers people and often time, without a strong purpose they fizzle out with time.

Agree. There are too many coins having no real use cases. They have no good fundamentals. Sadly, they only rely on the hype to increase the values. Because of these reasons, most of the coins now are difficult to survive. Also, people are getting smarter, they won't risk their money on useless coins. People are quite familiar with the scheme of shit tokens/coins, they won't be interested anymore with weak fundamentals coins. So, there are many shit coins with have very low demand, and then they will disappear.