Dead Coins: Over 50% of Cryptocurrencies Have Failed

[Victorik]

The number of tokens that have died might even be more this.
There are so many projects out there that lack direction purpose and utility. They were simply copycat, riding on the wave of other solid existing projects but were unable to keep up the pace.

There are so many that even failed before they launched.
It tells how easy it is for any one to come up and develop a token.

[johnsaributua]

10 years have passed with the twists and turns of altcoins and their scenarios, not surprised by the decline of that many coins and even the last 1 year there have been several projects that I have followed withering and maybe still delaying to develop: -\ there is no guarantee even though it has entered coin trackers like the web because developers can get difficulties and collapse when seusadh is registered, and end up dragging even though it has entered dex or cex which is not very famous, the price seems to be stuck and plummeted for so long, for me if altcoin is like that it is just like a project that is not worth expecting anymore even though the most appropriate solution is hodl even though the potential for regular profit may be a small hope even to return capital just waiting for a miracle to come, altcoin many newcomers don't even need to be afraid because with the success of some altcoins will cover losses and profit X2 even more than capital.

I don't regret what altcoins I bought in the past or today even though they had a bad luck, because there are still many other altcoins that can give me profits until now, maybe dead coins can be displayed because of past experiences that I remember and that is the residual dregs of profit, the benefit is that in action I can identify altcoins that will be productive or will become fictitious even though they are not very accurate in each different altcoin project.

[Y3shot]

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.

From the past experience we had in cryptocurrency in the past, this  should make us to know the type of project we need to engage our self with.  Their are lots of projects in the market that one needs to be watchful to see if it is worth investing. Scammers are just coming with scam project that won't last long. It is better people should invest their money well known project that are reliable,  instead of going for new projects that can end up at anytime in the market.

[MFahad]

People who are always looking for ways to earn money often keep an eye on every financial market and worldwide trend so that they can make use of opportunities to hoard some funds. The cryptocurrency market is no exception when it comes to this, so when there are bull runs, such people do their best to earn as much money as possible, and creating fake projects, tokens, and coins is the easiest way for them because all they need to know is market them to vulnerable investors.

New investors in the cryptocurrency market often get trapped by such projects because they promise high returns and those who are new in crypto usually think that it's easy to earn a lot of money from this industry which is why they believe if a project tells them that they will earn a lot of money if they invest with them, and once the bull run is over and they've got their money, they abandon the projects and run away.

[tyz]

I am surprised that there are so few of them. I would say 99% of all cryptocoins have no added value and are just copies of other projects to make a quick buck. Accordingly, they are only there for speculation. This works as long as there are interested parties and cheap money. After the collapse of Bitcoin in 2020/2021, an extremely large amount of money flowed out of cryptos, leading to the collapse of many such unnecessary projects. After money flowed back into the system (at the end of 2022 and 2023), the number of abandoned projects fell again. This is a clearly visible pattern.

[kentrolla]

That's a lot of numbers but these are the only ones who where listed and then failed but there are still a lot of project which ran away with investor's money they are not counted here. This also shows that apart from Bitcoin it's not wise to hodl any other coins because what if they fall into the category of these failed coins. This also shows that we cannot randomly choose altcoins as the ratio between active and failed coins doesn't look good and top of that there are active project who have not been able to recover for years and XRP is an classic example.

[Sophokles]

This is the fate of most of the altcoin that exist on the market. Time is running fast and technological development is going on at a fast pace so a bright star today ends up being eaten up by a new start tomorrow. Every cycle we saw projects that lost their cause with their competitors. ETH is still number one in its category because of its continued upgrades and adaptive nature which is industry-friendly. They identify upcoming concerns and keep upgrading their blockchain with them. A project needs to be adaptive to survive in this wild area of technology.

[Huppercase]

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

The truth is bitter they say but if we are to be pop and plain about some altcoins project, they don't need to ever be in existence. The smart people are quick to smell them when they are scam from far but more than half of people that joined crypto today are new people and they so cherish this new project, this is why scams doesn't go down as we expected. Some projects team needs to be arrested from seeing their white paper but we want decentralization didn't we? This is what we get because nobody access them until the scam has been done before they start hunting them.

Defi was among word that successfully penetrated into the heart of many in the last bullrun. If you should check the coingecko Defi page, you will be surprised how worthless some of them has turned, some doesn't have volume, many abandoned without liquidity, no building as they promised and if I'm very sure that before the launch of this projects, heavenly promises on earth were said to the investors.

I hope that people that were here in the last bullrun are still here, some of these coins might come back and if they do, sell all of them and never look back again and if you must look for another opportunity in this new coming bullrun, please use 3 eyes instead of your 2 eyes. I mean you should do a proper research and thorough check on the team as well.

[DaveF]

...Most dead cryptocurrencies came from projects launched during the 2020 - 2021 bull run....

I would think a lot more were in the 2014 range when the altcoin boom really came in. Coin after coin after coin most of which are gone.

https://www.coinopsy.com/dead-coins
https://99bitcoins.com/deadcoins/

No list is entirely accurate. And there are probably quite a few that are on 'life support' Not traded, not being updated, but still have a few active nodes and miners.
I can think of a couple that fall into that category that are listed as dead. Zombie coins might be a better term.

-Dave

[jaberwock]

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

It's possible that all quantity of a product is in good quality. Take all 21 million supply of BTC for example. It's just that there are lots of bad-quality projects created on this space. Some might be good at the start but it only turned bad later on for some reasons. Why will the beginners turn away from the altcoins (all of them), when they can just do it on the bad quality ones? And in fact, beginners usually kick start their journey in the altcoins.

And it does not matter for them if the altcoin has a bad or good quality. Investors usually care about the profit, so it's still useless even if we say that an altcoin has lots of benefits or use cases. And by the way, ETH is also an altcoin. The reason why many seem to care about those newly released projects is because of the potential profit that entails with them.

[john1010]

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

It's indeed a stark reality that a significant number of cryptocurrencies have faced challenges and eventually faded away. The crypto space is dynamic, and various factors contribute to the success or failure of a project. The statistics you provided highlight the volatility and risks associated with the industry.

It's crucial for investors and enthusiasts to conduct thorough research before engaging with any cryptocurrency project, considering factors like the team's credibility, project fundamentals, and market trends.

The mention of 50% being labeled as scams or unsuccessful projects underscores the importance of due diligence in navigating the crypto landscape. This information serves as a reminder for individuals to exercise caution and make informed decisions when participating in the crypto market.

[SOKO-DEKE]

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

During the period of bull run in the cryptocurrency world, some individuals take advantage of the enthusiasm to launch projects with the intention of scamming people. This is because they recognize that the bull run attracts numerous new investors eager to explore the crypto space. It's important to be aware that many projects may surface during this time, and some might be misleading.

What some people might not know is that the same people may be behind many projects, putting different plans into motion. These people frequently transfer their funds across projects, starting multiple projects and inflating their valuations by pumping and dumping.This entails boosting a project's value artificially and then quickly selling off their holdings, which causes the project's value to fall.

In such situations, it becomes crucial for anyone considering investing in new projects to exercise caution. Without careful scrutiny, there is a risk of unintentionally investing in a project that may turn out to be fraudulent or unsustainable. Therefore, it's essential to conduct thorough research and be vigilant to avoid falling victim to scams during the bull run or even witnessing the demise of a project before the next bull run.

[wxa7115]

It's indeed a stark reality that a significant number of cryptocurrencies have faced challenges and eventually faded away. The crypto space is dynamic, and various factors contribute to the success or failure of a project. The statistics you provided highlight the volatility and risks associated with the industry.

It's crucial for investors and enthusiasts to conduct thorough research before engaging with any cryptocurrency project, considering factors like the team's credibility, project fundamentals, and market trends.

The mention of 50% being labeled as scams or unsuccessful projects underscores the importance of due diligence in navigating the crypto landscape. This information serves as a reminder for individuals to exercise caution and make informed decisions when participating in the crypto market.

However that number also tells us a lot about the ability scammers have to deceive investors, because even if were to assume there are many people that invest in an altcoin just because of a post they saw in social media, I am sure there are many investors that actually take the time to study the assets in which they want to invest.

And yet a great deal of the coins in the market are scams, to me this implies that even those investors are getting deceived, and if that is the case then this should be a warning signal for investors that they need to do a way better job or stop investing in altcoins.

[irsykes]

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.

From the past experience we had in cryptocurrency in the past, this  should make us to know the type of project we need to engage our self with.  Their are lots of projects in the market that one needs to be watchful to see if it is worth investing. Scammers are just coming with scam project that won't last long. It is better people should invest their money well known project that are reliable,  instead of going for new projects that can end up at anytime in the market.

Projects that have their own blockchain are more attractive to me for investing, because most of them have an ecosystem, even if the ecosystem is good or less, this has more long-term projects. New projects are mostly just chasing the hype of the bull season coming to take advantage and most of that happens. then stop for a while or forever. Innovative projects do need development to be interesting

[camilocollin6]

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.
https://www.talkimg.com/images/2024/01/18/3gAMZ.md.jpeg
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

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.

That's why in my opinion, a specific policy should be made to keep these cryptocurrencies alive. By doing this, ordinary investors who are there will have many benefits and will be saved from financial losses.

[8rch7]

I believe with most coins have been died their owner created new coins again although with the previous coins have been died or scam, its bad reputation with the owner easily created new coin after their coins project before have been scam. Many cases with some altcoin scams from not trusted investor, delist on exchange and some coins faced trouble with SEC Commission such as my Centra coins have been died until right now.
Some altcoin have been died dominance with shitcoin, easily for scam although any altcoin have been listed on top exchange market but can't make stable with transaction daily volume before rule of exchange have delist.
Investor have most important effort for the future never invest with new altcoin without have good reputation with their owner, if investor more careful investing in new coins seems difficult have coins will be scam in the future.

[Kelvinid]

It was said over 50% which possibly means that might only we have 10% of successful projects on the crypto market. This means also that the quality of the new projects is getting low and more chance that they will just be ignored and fail their plans due to no market support. And in the next couple of years, only Bitcoin and Ethereum remain alive and working.

We are not hoping for that for sure but it was useless and shameless to the community if we have a lot of cryptocurrencies but have no useful contribution to the market.

[yazher]

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.

Others were just fake to the point they had the worst idea of all time, I remember when I was enthusiastic to do bounty campaigns back then, some had linked their projects to Parrots or Pigs, that's just how they belittle the opportunity they have or they just don't know what they were about to do when promoting such kind of responsibility. None of those kinds of projects has succeeded even the Greenplanet project which was created to preserve and protect trees all over the world. At the end of the day, those who have honest developers who are willing to sacrifice their money and time to improve their projects remain today.

[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.

Others were just fake to the point they had the worst idea of all time, I remember when I was enthusiastic to do bounty campaigns back then, some had linked their projects to Parrots or Pigs, that's just how they belittle the opportunity they have or they just don't know what they were about to do when promoting such kind of responsibility. None of those kinds of projects has succeeded even the Greenplanet project which was created to preserve and protect trees all over the world. At the end of the day, those who have honest developers who are willing to sacrifice their money and time to improve their projects remain today.

but then, Truth is that launching a project isn’t easy at all. You’d know this if you’ve scouted for people to join your team. You’ll have to find CTO, CMO, etc. You’ll need money to promote the project too. You’ll have to hire a developer who could scam you. In fact some projects get scammed by their own developers because developers have the upper hand and can control anything to the direction they want. 

[DeathAngel]

That’s the risk we all take when we invest in crypto. It’s no different to the old Wall St tactic of buying penny stocks. Most of them fail but if you hit a good one you will make a lot of money. I still advise you to mostly buy Bitcoin & ETH but allocating a small % to long shot cheap altcoins can be a good idea.