Dead Coins: Over 50% of Cryptocurrencies Have Failed

[zasad@]

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."

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Officially, only 50% are scam and unsuccessful projects

[1714528476]

1714528476

[MFahad]

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."

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Officially, only 50% are scam and unsuccessful projects

Wow. 24000 Cryptocurrencies. that is a huge amount of cryptocurrencies. and I think that is why 50% of them failed. too much of something is never a good thing. I am sure another 50% of active coins are also don't worth anything. and most of them will be dead too sooner or later.
CoinGecko literally listed every single shit token/coin out there. Coinmarketcap have 8700 coins listed. and I was thinking that is huge. CoinGecko made a lot of money from all those dead coins as a listing fee I think. lol
Except 200 to 300 Cryptocurrencies. rest of them all are worthless.

[Hispo]

These kind of news and statistical researches only confirm one of the biggest reason any newcomer would feel very insecure to get into alternative coins or even in Bitcoin or Ethereum.
There are simple too many scams and shady projects out there, being launched each day seeking for victims. The worst part is the fact much of the people who want to become investors of those alternative currencies do not know how to spot whether is fake or can be trusted. In the end, the results will be a very negative experience with the coin and passing the information to other people about cryptocurrencies as a whole are all scams, which is obviously false.

I would also point out that being a alternative coin investor is not something for people who do not have time to keep an eye on the price and the data of such coin, with alts one nevers knows when a massive dump will start leaving one holding the bags forever.
 
Before buying alternative currencies, I think it would be better just to get some Bitcoin or Ethereum, in the case of newbies. Thanks for sharing the article, by the way.

[moneystery]

the data was collected based on cryptocurrencies that were on their radar, meaning that there are still quite a lot of cryptocurrencies that are not on their radar, and it is possible that the number of cryptocurrencies that have died since 2014 could be more than that.

this shows how easy it is for people to develop their own cryptocurrency, raise public funds, and just abandon the project for various reasons. and this is why cryptocurrency is a negative thing for some people and many investors don't trust cryptocurrency anymore because they see how many cryptocurrencies have died and been abandoned and how weak the supervision of the development of these cryptocurrencies is which raises investors' attention to no longer interested in a crypto project and investing in it.

in the end, people will be more interested in investing in popular cryptocurrencies where the risk is lower and whose credibility has been tested for years, compared to new crypto projects.

[Beparanf]

Officially, only 50% are scam and unsuccessful projects

Is the list included all the project that rug pull or honeypot on different blockchain because that number is still too small compared to the amount of smart contracts being created in daily basis by scam project that didn’t even listed on a price aggregator like coingecko.

That number will still grow once the bear season entered once again since scam projects tends to be abandoned later on if there’s no new liquidity flowing to the pool. Crypto investors is also not holding shitcoins long term which makes it one of the main contributing factor why weak shitcoins always become dead long run. Only those project with strong VC backing the liquidity runs long term.

[ryzaadit]

-snip-

IMO, we still have many more.

There has some project are not listed on the coin-provider, like they take some fund from fundraising and never getting listed or are completely scammed. Also, you can't check based on total contract is being created.

As you know, contract being crated is not always for new project.

[Mate2237]

I can only remember one cryptocurrency in 2022 that died and except that one coin I have not heard another coin that has died. You mean 24,000 cryptocurrency have died from 2014 to date, wow!!! That is huge number. Though I have heard some died cryptocurrency projects in 2021 but I didn't see them and the only one I saw was the Terra Luna and most of those projects were created by criminals.

Any scam cryptocurrency projects can not stay long in the ecosystem because it would not grow and the developers would be frustrated. And must of them are still surviving because of the mini bull market and once the bear market come again many will collapse again. Please when you are investing be wise.

[jrrsparkles]

Officially, only 50% are scam and unsuccessful projects

I am sure that the numbers can go up to 90% if we take the reports based on the price when it's launched and the current standing price. This isn't surprising to me at all because this is free-market and everyone can come up with their own project and blockchain like ETH,BNB helped their dream to be more easier cause they can just start their token journey with the minimum resources possible.

[Tipstar]

Officially, only 50% are scam and unsuccessful projects

I am sure that the numbers can go up to 90% if we take the reports based on the price when it's launched and the current standing price. This isn't surprising to me at all because this is free-market and everyone can come up with their own project and blockchain like ETH,BNB helped their dream to be more easier cause they can just start their token journey with the minimum resources possible.

The numbers are already upto 99%. It's just that we don't count.
The chart is suggesting the coins that were at times listed on and tracked by coingecko. There are 100s of crypto projects specially memecoins and dumb forks of mineable coins that even don't make it to the coingecko.
This stage of crypto itself is a good thing for the future as investors and users would learn that not every crypto are the same. This would also make new projects struggle to prove themselves but when they get to stand out, they'd be a good option.

[dunfida]

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."

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Officially, only 50% are scam and unsuccessful projects

Not just shocking and how about into those coins that have completely rug pulled and become a scam into those decentralized exchangers? For sure these numbers would really be just that too small
since they are really that focusing or trying to look on CG stats but in overall then those numbers would really be just that mere small. This is why it wont really be shocking
that there are tons of shit projects that would exist into this market considering that there are tons of newbie investors too on which those scam developers would really be doing their
very best on trying out to lure those people to make those blind investment and make that easy money.

This is why it would really be that best that you should really know on which project that you would be sticking in for long term but since it cant really be denied that
we do want to have that early entry into those projects then this is why people would really be that a fan on trying to invest into those early times as much
as possible on which high multipliers could be possibly be able to obtain once you do hit up the right project.

[avikz]

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Officially, only 50% are scam and unsuccessful projects

50% !!! The percentage looks smaller than expected. I thought over 85% cryptocurrencies have failed. I am not sure if Coingecko has considered every single cryptos were launched so far. Probably they had created some entry barrier to appear to their list. Crypto market had become like wild west during ICO time where every single day we used to see at least 30 - 40 new ICOs launching. Then we had IEO 0hase and then IDO. The number seriously doesn't look correct to me.

[Bitstar_coin]

Reason why majority of alts are not for longterm, they are only good for temporary trade. Imagine buying and Hodling an alts that will lose value within a year or two and you will automatically lose your investment.
Every so often new alts project is out with it's native tokens, it makes it difficult for investors to keep up.
Majority don't really have utility so they will fail definitely.

[MAAManda]

"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."

Somehow I'm not at all surprised to see this data, we all know that only a small number of projects are serious about building this industry, the rest are just speculation and taking advantage of the moment. That 50% is the data that CoinGecko managed to collect from projects listed on their platform, then what about those that are not registered on their platform or that are not registered at all on CoinGecko, Coinmarketcap, Coinpaprika and other platforms?

So, I wouldn't be surprised if later we find data that 90% of all crypto projects are dead projects, if we refer to all native tokens that have been created on various networks.

[batang_bitcoin]

And soon, there are going to be more of them. 50% actually is quite high in numbers if there are bunch of projects already in the market. There's a need to purge them but it is going to happen naturally because everyone will have their own preference on what they should invest and that's going to be the most reputable ones and no doubt that if after this soon to be bull run ends, there will be more of them. That's like the season that many of them will die more.

[Y3shot]

"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

That's altcoins for you which anything can happen at anytime, so many altcoins in the market are no more to be found in the market and many more will still not to be find in the market. That's is why it is important before making plans to invest in altcoins one needs to invest with the amount one can afford to lose. Altcoins are not something that one can rely if it will last long in the market. Making better  research before investing to know if altcoins are good for investment is important.

[bluebit25]

It seems like 50% is a conservative number for what has been and is, even now a portfolio in the 5000 crypto range is already a challenge for everyone. No one has the time to remember them all, and just like filtering, the range in the top 1000 seems to work better and then the top 500, 100, 10, 1.

The core thing is bitcoin and the rest are leaves and scenes that are developed, but to be honest since it has been operating up to now, there has been a lot of attention from many developers, I don't know if other fields could produce such figures during that period. I just had to laugh, because seeing some projects from people with no knowledge, anyone can create their own project .

[Johnyz]

Most of them didn't died because they failed, but most of them are just a scam project who are meant to die instantly after getting what they want and that is not new anymore. Most probably some projects were affected by the pandemic that resulted in stopping their operations. They died in purpose and maybe that is for our own benefit, for us to avoid those projects because they are not worth the risk. Its good that recently, most of the projects are doing great.

[wheelz1200]

That's just as of today.  Most of those are just being held up by pure greed.  I'd argue at least 99% of these are just scams or at best not scams but projects that have unachievable goals.  Anyone can make a coin in no time and think they can run a project.  But most are just pump amd dump.toys to get those people who make them more bitcoin, eth or fiat.

[Dr.Bitcoin_Strange]

Great information. I was actually thinking of fetching this data to use it for educational purposes off the forum, precisely, and perhaps on the forum too.

I know about 10 good projects that started in 2021, and they started well and seemed more like a project that was not going to fail, but they are no more today. After investing in different altcoins that render my investment worthless, I just cease to invest in altcoins. If I want to invest in any altcoin now, it's just to invest an amount that I can afford to lose.

[oktana]

Some died because that was their plan all along (scam), some died because they failed to understand the market properly and underrated it. Some died because they didn’t generate enough fund to successfully launch and run the project. For some it was poor community engagement (something very important). And many other reasons. These numbers are the reason I like to advise people to be careful of what altcoin they want to invest their money into. Just because something is new doesn’t mean it’s good or safe. The ratio isn’t look good at all.