Dead Coins: Over 50% of Cryptocurrencies Have Failed

[btc78]

When there is too much quantity of a product, it is bound to happen that only a few would be of good quality

This statistical data might make beginners turn away from altcoins but despite the difficulty in finding a good project with potential to go big, altcoins still serve a lot of benefits for investors especially those short-term investors people who can not find what they are looking for in bitcoin or ethereum can look for it with altcoins right now it seems like a lot of people only care about releasing or launching a project i hope to see someday that a lot of altcoins would be successful

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[wxa7115]

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

And those are only the coins that gained enough notoriety to be added to their website, if we were to take a look at the whole group of coins that at some point were created and that failed then the number of failed coins and the failure percentage will go up even more.

This is why it is difficult for me to understand those that invest in those coins, since the risk they are taking is very high and for the most part the risk does not match the benefits they could get.

[Sayeds56]

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

Certainly, crypto currencies market has seen significant expansion  during the recent recent years, and it is true that all of them not genuine. Exploiting the popularity and rapid progress of its market, numerous bad players have entered, seeking to exploit and defraud new comers. I think the number of failed projects could exceed further if intensive research is conducted. I personally choose to invest in only Top 20 projects listed on coinmarketcap and promising projects in new emerging sectors such as Artificial Intelligence (AI) and Real World assets (RWA).

[Kelward]

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.

I've concluded that the crypto industry is a hub of scams and hacks, and this chart by the OP has proved that it's true, I believe that the reason must be because of weak requirements for developers, so every scammer can easily get their scam projects listed. And the victims are newbies into cryptocurrency investment, they'd hear a project on YouTube or telegram, they'd hear an enticing new project from someone, without knowing that they're supposed to carry out research first, they'll put their hard earned money in it and when they're eventually scammed, they'll label all cryptocurrency as scam.

Totally agreed that newbies should focus on buying Bitcoin and top altcoins like Ethereum, then when they're more knowledgeable about the market, they'll have more experience about investing in alternative coins, do their research to determine whether what they want to invest in is legit or shitcoin.

[Sayeds56]

Totally agreed that newbies should focus on buying Bitcoin and top altcoins like Ethereum, then when they're more knowledgeable about the market, they'll have more experience about investing in alternative coins, do their research to determine whether what they want to invest in is legit or shitcoin.

Certainly, Bitcoin and Ethereum stand out as prominent cryptocurrencies in the crypto space, making them not only preferred choice of newbies but also seasoned investors. We all should always prefer these two coin over altcoins.In my own long term portfolio, I allocate 60% to these two coins and remaining portion is distributed among note worthy projects, such as Solana, Chain Link, XRP, Cosmos, Celestia (TIA) and other well established coins ranked within the Top-20.

[arjunmujay]

Totally agreed that newbies should focus on buying Bitcoin and top altcoins like Ethereum, then when they're more knowledgeable about the market, they'll have more experience about investing in alternative coins, do their research to determine whether what they want to invest in is legit or shitcoin.

Certainly, Bitcoin and Ethereum stand out as prominent cryptocurrencies in the crypto space, making them not only preferred choice of newbies but also seasoned investors. We all should always prefer these two coin over altcoins.In my own long term portfolio, I allocate 60% to these two coins and remaining portion is distributed among note worthy projects, such as Solana, Chain Link, XRP, Cosmos, Celestia (TIA) and other well established coins ranked within the Top-20.

It seems that there is no longer a time when tokens triumph and can have high prices anymore. in other words, investors for now only trust more in coins that already have a large marcetcap. as well as me who even only choose bitcoin and ethereum and not with other coins. although I have heard a lot about meme coins that can go up to 100-1000%.

[NewRanger]

It's also sad to read the results of the survey and the first biggest reason is that before they die, many people like new skin colors, especially when projects are launched, prices rise at that time. This is the one thing that is most difficult to reduce fomo attention to new altcoin projects coming up and the fact that money is happening, many traders will think this is a good, strong project to hold while on the other hand the stars are early investors who sell coins with a click.

[Essential10]

The initial bull run saw a massive influx of new projects and coins into the cryptocurrency market, as many companies and individuals sought to capitalize on the growing interest in digital currencies. However, many of these projects could not sustain themselves and ultimately failed. Most of the cryptocurrencies listed so far from projects launched within the past few years have not been able to sustain themselves in the long term. However, there have been relatively few dead coins in the past year, and many new projects are currently moving forward.

[Adreman23]

Thats just based on the records from CoinGecko. I think there are more altcoins that have failed. In my opinion, not all of them failed due to scams, some may have other reasons. With the sheer number of altcoins, it seems like they're really being sifted through, and only the most solid projects remain, like bitcoin and ethereum, which are still around. Its imprtant to be cautious and thoroughly research an altcoin before deciding on a longterm investment because there's a significant possibility that your investment might vanish like a bubble. I hope many newbie see this thread to become aware of this.

[radjie]

Totally agreed that newbies should focus on buying Bitcoin and top altcoins like Ethereum, then when they're more knowledgeable about the market, they'll have more experience about investing in alternative coins, do their research to determine whether what they want to invest in is legit or shitcoin.

Certainly, Bitcoin and Ethereum stand out as prominent cryptocurrencies in the crypto space, making them not only preferred choice of newbies but also seasoned investors. We all should always prefer these two coin over altcoins.In my own long term portfolio, I allocate 60% to these two coins and remaining portion is distributed among note worthy projects, such as Solana, Chain Link, XRP, Cosmos, Celestia (TIA) and other well established coins ranked within the Top-20.

It seems that there is no longer a time when tokens triumph and can have high prices anymore. in other words, investors for now only trust more in coins that already have a large marcetcap. as well as me who even only choose bitcoin and ethereum and not with other coins. although I have heard a lot about meme coins that can go up to 100-1000%.

The large number of new projects being launched will be a warning for investors who have just entered this industry, most people are tempted to make quick profits and are very easily influenced by news that exaggerates so that the tokens they launch can attract many people interested. Altcoins are an alternative for some people who want to make quick profits, but not all projects have bright prospects for the future.  New project developers certainly take advantage of the situation, when they have already made a profit the project is left alone so they cannot maintain the trading volume resulting in the project failing

[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.

I've concluded that the crypto industry is a hub of scams and hacks, and this chart by the OP has proved that it's true, I believe that the reason must be because of weak requirements for developers, so every scammer can easily get their scam projects listed. And the victims are newbies into cryptocurrency investment, they'd hear a project on YouTube or telegram, they'd hear an enticing new project from someone, without knowing that they're supposed to carry out research first, they'll put their hard earned money in it and when they're eventually scammed, they'll label all cryptocurrency as scam.

Totally agreed that newbies should focus on buying Bitcoin and top altcoins like Ethereum, then when they're more knowledgeable about the market, they'll have more experience about investing in alternative coins, do their research to determine whether what they want to invest in is legit or shitcoin.

Also, good you pointed out the listing issue and the indirect participation done by both exchanges and also by informative webpages like coin gecko or Coinmarkedcap. In case of exchanges, I believe they are supposed to pay more attention to the coins being listed and have a dedicated team for them to enquiry on the team, functionality and case use of any coin they may consider to list. Coingecko and CMC do not need to do as much as due diligence as exchanges, because of obvious reasons.
Getting listed anywhere is the equivalent of good advertisement for scams, they know those newbies are the fraction of the crypto community with more chances to buy whatever and never wonder the legitimacy of it.

Even though it would be the easiest patch, we must not completely lose faith on the crypto community and ecosystem, there are as many positive things as negative ones.

[MFahad]

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.

You are absolutely right. 99% of those coins are either scam or just built to make money via pump and dump schemes.. if you start looking for legit projects you'll hardly find 5% of them legit with good business models.

When there is too much quantity of a product, it is bound to happen that only a few would be of good quality

This statistical data might make beginners turn away from altcoins but despite the difficulty in finding a good project with potential to go big, altcoins still serve a lot of benefits for investors especially those short-term investors people who can not find what they are looking for in bitcoin or ethereum can look for it with altcoins right now it seems like a lot of people only care about releasing or launching a project i hope to see someday that a lot of altcoins would be successful

Yes but this can only apply to Good altcoins. not every altcoin serve any benefit to investors, Bad altcoins cause big loses to investors, I think those are the reasons why begginers getting disapointed at general cryptocurrency industry and calling it scam some time. because they end up loosing money in some shit coin like that.

[huu78]

of course because only the best and most of the projects created in crypto are created just to make a profit/cheat and so on, so a small percentage that survive actually create useful projects.
I remember several projects that I participated in at the beginning of 2018 and all of them no longer exist today.

[Hildentine]

In this case I simply said that I agree that a lot of projects are dead but they are those projects which are week and those who are not a good plan in future otherwise a strong project and hard work projects are survive and it's can't dead some project stolen the people money so they act like they are dead .

[The Cryptovator]

This is expected. Projects are launching recently; 98% just intend to raise funds and scam. They don't intend to build real utility; they will show us bogus dreams and scam us. Some projects may be added to the centralised exchange, but that doesn't mean they are solid. There is another intention: just pump the token price and sell their bags. However, I learned from my past mistakes and decided not to invest in brand-new tokens and shitcoins. They come here to fill their bags. Nothing for investors.

[o48o]

Cryptocurrencies may be deactivated and delisted from CoinGecko based on the following circumstances:

    Cryptocurrencies do not reflect any trade activity within the last 30 days.
    Projects are revealed as a scam or rug pull, through the news or direct reports to CoinGecko from verifiable sources.
    Projects request to be deactivated, i.e. when the team disbands, rebrands, shutters the project, or undergo major token overhauls where old tokens become sufficiently illiquid or dead, according to CoinGecko standards.

Such a low number makes more sense when it's only listed coins/tokens in coingecko and those are the requirements. And not all the launched projects, because that would be over 99%. But the fact is that most of them are zombie coins, more dead then alive, and volume on them are just bots or random speculators moving them. Sometimes it's part of money laundering by shady exchanges. Some times even dad coins can pump. And since it's for no volume at all for 30 days, it covers lot of dead coins as many of even dead coins have daily small transactions. That wouldn't mean the token would be alive.

I recall this one time when i send pov coins of a hyped project for coinswap from exchange, and i got the tokens for sending it. But the chain wasn't really being mined anymore and coins were stuck before without confirmation and they got back to my wallet. So i got both, coins meant for burning address and the tokens.

This coin was declared dead as devs had abandoned it and started new one. So imagine my surprise when it had value because bots were playing it in yobit. I crashed the price but got myself a nice amount of btc. As it was almost only trading pair back in time for most of the coins.

[Belarge]

In this case I simply said that I agree that a lot of projects are dead but they are those projects which are week and those who are not a good plan in future otherwise a strong project and hard work projects are survive and it's can't dead some project stolen the people money so they act like they are dead .

I've encounter crypto projects, most of them don't succeed because their foundation is completely build on hype and they don't have good running liquidity to meet up in the bear season. Money is liquidity, the earlier we realized that, the better for everyone of us. We face our hustle and take them seriously because we're nothing without earning massively from the activities we focused most of our time. More than 50% of cryptocurrencies projects have failed because new ones are inaugurated into the system, and desperate investors have no single patience than jumping into investing in everything they find.

[JeffBrad12]

It's also sad to read the results of the survey and the first biggest reason is that before they die, many people like new skin colors, especially when projects are launched, prices rise at that time. This is the one thing that is most difficult to reduce fomo attention to new altcoin projects coming up and the fact that money is happening, many traders will think this is a good, strong project to hold while on the other hand the stars are early investors who sell coins with a click.

Those coins were only generated by scammers . They come to steal some money then they will left the token alone and it's dead. This kind of trick has been happening for a few years and it has not yet stopped till this time. This is the disadvantage from the free dome.
There was no control over the token issuance and scammers were seeng as an opportunity toe scam others. This is the problem that will never end since crypto was about freedom and it makes the situation becomes even more difficult for the people to verify which token that was real and which is not. People must be aware if there are thousands of shit scam tokens in the market.

[Bureau]

Those coins were only generated by scammers . They come to steal some money then they will left the token alone and it's dead. This kind of trick has been happening for a few years and it has not yet stopped till this time. This is the disadvantage from the free dome.
There was no control over the token issuance and scammers were seeng as an opportunity toe scam others. This is the problem that will never end since crypto was about freedom and it makes the situation becomes even more difficult for the people to verify which token that was real and which is not. People must be aware if there are thousands of shit scam tokens in the market.

Since most of these projects started in 2021 which was during the last bull run, I am assuming most of them were meme coins as meme coins were trending after the Dodge coin got the hype from Elon Musk. A lot of new meme coins were released and most of them were meant to scam investors. Next bull run whatever project gets the hype we will notice scammers coming up with a replica of that project to cashout the hype.

[kizlod]

Well, 50% is still a lot, lol. And we don't know how many coins will die that were created just recently or even a year or two ago.