Dead Coins: Over 50% of Cryptocurrencies Have Failed

[trendcoin]

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.

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[Dave1]

It is what it is though, that is the nature of cryptocurrencies.

If you don't get the support, then literally your coins are going to be dead. If devs abandoned it, then the same case.

If you are one of those that faces stiff penalties or even sued by regulators like SEC then your project will be dead. So there's a lot of reasons to, but the thing is, if there will be one dead coins, a hundred could sprout out and test their luck in this space, so it's going to be cyclical.

[KennyR]

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.

During the days of 2016, it was possible to see every project turn out to be successful, unlike the product of the project. By then, there was not much cryptocurrency, and more giveaways were taking place. Slowly, the market began to be complex, and competence started to increase with more and more projects existing effectively. This is where the successful ones started to stay alive and the rest started to fall off. Coins that were in good position during the year 2016 were nowhere in the market.

[Tahid12]

Uncounted Numbers of dead altcoins are still my wallet with no value. I bought these altcoins from market and many was from bounty token. OP your graph shows a lots of altcoins scam in 2020 and 2021 cause scammers Target bull run session to attract investors. But your graph shows only 1450 total in 2017 and 2018 . But in reality, that time Project run ICOs where most of altcoins were scam without going on exchange. And 2021 graph shows lots of altcoins cause that time IEO came and altcoins had to get listed on exchangea for their sales. So more than 70 altcoins failed in my opinion

[Wildwest]

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

They have summarized cryptocurrency data that almost half or 50% of projects and tokens that have entered their radar have failed, this is no longer a small number of incidents that we should be concerned about. Events that have clearly failed will have a bad impact on the outlook for cryptocurrency and it is even very difficult for new participants to want to start. dabbling in the crypto world of the future.
That's not to mention those that are not on their list, but in the future, if there is a recap of the data, failures will still happen a lot.

[mdzahed134]

Many cryptocurrencies are available in the market for scamming users. They often run multiple presale events and, once they receive investments, they disappear with people's money. Then, they start a new project under a different name to scam again. These actions are unfair to crypto users.

Yeah, that's so true because thousands of coins are listed on the Coinmarketcap or Coingecko but i think top 100-500 coins still surviving on the market others most of the coins seems dead, because there are many coins are getting listed on the market then the old coins lost their position. But pre sale era ended back in 2017. Now people's will never make a investment without research, especially now no one will put money in the unknown project.

[odunybiz]

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.

[Y3shot]

That is why it is important for one to be sure of money that is invested in cryptocurrency,  their are lots of cryptocurrency coming out , the developers are not ready to come up with a valuable project.  Because of the number of cryptocurrency that has failed for sometime now it is better for people to go for rop project that is reliable and valuable than investing in this new cryptocurrency that one can't really tell if it will last in the market.

[Kavelj22]

Many cryptocurrencies are available in the market for scamming users. They often run multiple presale events and, once they receive investments, they disappear with people's money. Then, they start a new project under a different name to scam again. These actions are unfair to crypto users.

Unfortunately, it cannot be controlled because it is like bubbles that constantly appear and disappear. Personally, I believe that the real numbers are greater than those mentioned in the analyzes in OP because the current number of projects listed on Coingecko includes SCAM projects whose failure has not yet been revealed.

This raises the issue of the conditions that platforms impose on projects to list their currencies on them. All scam projects would not have succeeded in scamming users' money if they had not found trading platforms that would accept their listing.

[wheelz1200]

Over 50%?!?!  I'd say more like 99.9% of crypto has not only failed but has never even started as a legit project.  There are thousands of coins people don't even know about and only a handful that can be seen as successful.  It's really easy to create coins so there is no reason scammers would stop now.  If one fails then they can just create another.  Crypto alts is a landfil of garbage to sift through.

[johnsaributua]

Many cryptocurrencies are available in the market for scamming users. They often run multiple presale events and, once they receive investments, they disappear with people's money. Then, they start a new project under a different name to scam again. These actions are unfair to crypto users.

Yeah, that's so true because thousands of coins are listed on the Coinmarketcap or Coingecko but i think top 100-500 coins still surviving on the market others most of the coins seems dead, because there are many coins are getting listed on the market then the old coins lost their position. But pre sale era ended back in 2017. Now people's will never make a investment without research, especially now no one will put money in the unknown project.

I agree sir, @Rehan Zakir revealed that the fraud that occurred because after the initial seller did not enter the exchange so that the money spent had not returned capital, with the excuse of waiting for the roadmap to run, but I realize that the developer does not force and only offers even though the benefits offered in multiplying the value of the token.

@mdzahed134 that's right sir, you mentioned that the life of the coin after listing and indeed the price tracker is useful, there is no guarantee that a coin will survive even after listing, because many transactions occur from communities that need each other including coins that are needed for airdrop hunting and accidentally glance at the broad market share.

I usually monitor the project's twitter for further impressions, because nowadays there are many big devs that are supported by certain cexes or certain chains, that's where I just started looking, there are also many new projects that hold events even without presale, of course it's free , and when entering in cmc or coin gecko etc. other than price reputation order 1-50 I sell (if it is already listed on the exchange) when the price is high, I consider it capital for scalping when the price is bearish.

[Justin999]

Huge numbers. 7,530 cryptocurrencies launched in 2021, were scam  Cause 2021 was the year of bull run. Many people joined Crypto market for bull run as if they could make some profit! And scammers also took advantage and promote their fake and shitcoins among people as if those would make people rich but after end of bull run, they scammed and run away. I believe such thing will happen again in 2024 as bull is excepted in this years. So need to careful

[GreatArkansas]

Another quick piece of advice for some:
Dead is already dead.

We must not look forward anymore on the dead coins, we must learn to move on and cut the losses and try again because if you don't cut losses, you will lose the opportunity to make profits on other projects.

[sekalitas]

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

Honestly, these figures are a bit scary.  It really makes you realize how brutal the crypto market can be. Seeing over half of all listed cryptocurrencies classified as 'dead' is a real wake-up call. Especially considering the surge of projects launched during the 2020-2021 bull run, it seems many may have been rushed out without a clear plan for long-term success.

This is a crucial reminder for all of us to be extra cautious before investing in any new crypto. Definitely don't let the hype cloud your judgment! Do your due diligence - research the team, the technology, the tokenomics, and the community. Otherwise, you might just be throwing your money into the next 'dead' coin.

[john1010]

there are additional factors contributing to the failure of many cryptocurrencies:

1. Bad Publicity: Negative news can damage investor confidence and lead to a coin's decline.
2. Scams: Many cryptocurrencies have been revealed as scams, leading to a loss of trust and investment.
3. Unclear Future: Projects that don't provide a clear roadmap or vision often fail to retain investor interest.
4. Problematic Developers: The reputation and reliability of the team behind a cryptocurrency play a crucial role in its success or failure.

These issues, combined with the ones previously mentioned, paint a complex picture of the challenges within the cryptocurrency market.

[deathcode]

Huge numbers. 7,530 cryptocurrencies launched in 2021, were scam  Cause 2021 was the year of bull run. Many people joined Crypto market for bull run as if they could make some profit! And scammers also took advantage and promote their fake and shitcoins among people as if those would make people rich but after end of bull run, they scammed and run away. I believe such thing will happen again in 2024 as bull is excepted in this years. So need to careful

Projects that eventually die or are scams take advantage of the moment that occurs in the bull market to attract more investors to become victims.
I don't know what everyone feels, but maybe the situation where there are quite a lot of new projects at a time when ICOs are very popular is the most difficult time when you see the community and market finally filled with talk of scam projects.
I don't know if that will happen this year when there is quite a lot of Bitcoin-related buzz in the community.

[Tmoonz]

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.

Investing in any other coins other than Bitcoin is completely more risky and any individual venturing into it should have considered the risk involvement before venturing into it the reason why it's always advisable to invest only what you can afford to loss Incase things goes on the bad way, but the truth is that many has gone far as investing more than what they can afford to lose some even go to the extend of borrowing money to invest in shitcoins which is very wrong approach.

[Mehedi72]

14k of 24k is more than 50% whatever thats a huge numbers to count. And scammers took advantage of bull run in 2021 cause they knew that, a huge investor would come because of bull run and a huge amount of money was going to include in market and here is the point, why more than 7,530 fake cryptocurrencies listed in coingecko. Btw still a huge altcoins are being traded with so called volume which are also scam. And we can't imagine about those project which were sold out in ico but never listed on coingecko or any exchange

[Furious 7]

It is what it is though, that is the nature of cryptocurrencies.

If you don't get the support, then literally your coins are going to be dead. If devs abandoned it, then the same case.

Actually, in this case I think of a wild situation where many who create coins are only hype and they don't expect much support because the creation of coins or tokens is only temporary and only for momentary benefits.

We can see throughout the crypto hype when covid alone a lot of hype tokens or meme coins were created only temporarily such as when AI tokens arrived or play to earn game tokens and several hoax projects such as squid games and others were created only because of the hype that occurred.
So it is quite natural that many projects die because the developers who create the coin or project are not really serious about developing it because what is targeted from the beginning is temporary profit so they don't really care about the sustainability of their project for the longer term.

[terrific]

14k of 24k is more than 50% whatever thats a huge numbers to count. And scammers took advantage of bull run in 2021 cause they knew that, a huge investor would come because of bull run and a huge amount of money was going to include in market and here is the point, why more than 7,530 fake cryptocurrencies listed in coingecko. Btw still a huge altcoins are being traded with so called volume which are also scam. And we can't imagine about those project which were sold out in ico but never listed on coingecko or any exchange

Every cycle, there are also more scammers coming in to this market trying to fetch the newbies. It's always the same and we have cycles, so do they have too. Too many cryptocurrencies already and there's gotta be more when the bull run is visible and can be felt by the majority of us.
Start out with the memecoins and also the projects that have not showed any sign yet of rug pull, the term will be used again for sure.