Dead altcoins that were a true gem

[Yucky]

Aside from coins that have stood the test of time, like the popular Bitcoin, I view these meme coins, altcoins, and shitcoins as temporary coins. This is because investors and even the originators don't support them in the long term. They just launch the project, and it lasts for three months, six months, one year, or two years. Once they've made a profit, perhaps paid off the community that farmed or traded it, the value starts to decrease.

I approach altcoins with the mindset that they are temporary, so I'm cautious about what I invest in or farm. Yes, during their peak/bull period, they can be a gem and generate profits if you're lucky. But after the peak/bull period  you see the value dying down. I see this as the nature of altcoins.

[Abiky]

Coins that had good purpose, good community are still thriving now. Maybe they had periods of not being noticed as much but they have not died. Ethereum is one that comes to mind and these coins no matter how old holds their weight because they have a good foundation. These coins have made such an impact in the crypto industry that they will not be completely forgotten.

Yes, that is correct as far, my friend. Coins with solid foundations, justifiable use cases, and involved communities have stood the test of time when low visibility occurs. ETH is a seminal case. The coin reformed the blockchain space with its smart contracts and kept its place due to its continuous innovation. It is a fact that when it comes to the long term, use cases and actuality of the token can prelude to it, while in a sector that will not remain stagnant for a bit in the future like crypto.

[Panos Markovits]

Yes, that is correct as far, my friend. Coins with solid foundations, justifiable use cases, and involved communities have stood the test of time when low visibility occurs. ETH is a seminal case. The coin reformed the blockchain space with its smart contracts and kept its place due to its continuous innovation. It is a fact that when it comes to the long term, use cases and actuality of the token can prelude to it, while in a sector that will not remain stagnant for a bit in the future like crypto.

I hope ETH will fix that and it is also the pioneer of all existing altcoins. Its price is quite uncomfortable, we see it as defenseless amidst the ongoing market correction. Will ETH go down again today.

[Futurexxx]

At the time of this writing, these coins' blockchain networks are completely dead. No nodes or miners supporting it (AFAIK), and no crypto exchanges trading them. That is to say, there's nothing stopping someone from "re-launching" these coins with their source code.

What's your pick?

I really don't have a name that is no longer in the market actually, but their are few alt coin that I know very well that are good as gone to the abyss if that's the right word to use, and the name of the coin is;
dogwif: This was an asset I initially thought would have gone as high as $50 before February this year since we were in the bull season then, because it rose from $1 to $4 plus, and even showing much more potential of going upward, but since the turn of this year, things has gone from bad to worst for dogwif, and it has dropped to $0.62, by the look of things, it's just a matter of time before it crash down more to even $0.05, because mere looking at it price chart, it shows that investors are seriously pulling their money out of the project, I believe that this coin is gone already, it's just a matter of time for it to plummet in price the more.

worldcoin: This is another coin that I have been watching for some time now since it was launched till date, I initially sees potential in this coin, and the hype around it was massive, It rose from $1 to $11, I even thought that it might go up to $40 dollar during the bull season, but I was very luck not to have invested in it then, now it's just $1, it's just a matter of time before it depreciate more in value.

[Rasa nanas]

sorry I haven't heard of the altcoin you mentioned before, maybe that altcoin is only popular in your country or you have made a profit from some of these alts so you say they are "gems". Everyone will definitely have a different opinion on this and alts that have provided huge profits in the past will be considered gems. I understand what you mean, if the alt was truly a gem then it wouldn't be a dead altcoin because investors wouldn't abandon it because it has utility.

[CroverNo01]

sorry I haven't heard of the altcoin you mentioned before, maybe that altcoin is only popular in your country or you have made a profit from some of these alts so you say they are "gems". Everyone will definitely have a different opinion on this and alts that have provided huge profits in the past will be considered gems. I understand what you mean, if the alt was truly a gem then it wouldn't be a dead altcoin because investors wouldn't abandon it because it has utility.

We don't rush in making decisions especially the important ones in the market, calmly educating ourselves and having good range towards the market. Who's taking about abandoning a project? There are massive opportunities in the market, we only conduct our strategy on projects that have good road map and not some random abandon ones. The market have a way of manipulating someone to either get upset and deceived, leading to the trader rushing to invest after fear of missing out on a project. True gem in the market barely exist for longterm when it comes to bull run. They're spotted by traders and investors, stacking up this coin early becomes something to bother about because selling at appropriate time will be golden. Profits is everything that matters in the market, we keep rising to the very top.

[Sanitough]

Honestly, I haven’t seen any altcoins that were dead and then came back to gain community support after the 2017 bull run. During the 2017 altcoin season, many coins especially Ethereum tokens that are dead but came back to life because of the hype. While some people made money, many lost out.

Now, people have learned and matured; once a coin is dead, it means it’s already lost its community.

But I'll just keep an eye on the coins you mentioned, and I’ll come back here to congratulate you if any of them turn out to be gems.

That can be said about the new ones surely, but big caps can pump back in no time no matter what.
It depends on the sentiment, the news, and the adoption of said coin.
And it's nature of the market - to gain something, many others have to lose everything.

It's not just about market cap, but more about trading volume. If a coin gets delisted, it means it can no longer be traded on exchanges where the volume is high. So even if the market is hyped like in an altcoin season, I don’t think investors would choose them over other altcoins that are pumping on highly liquid exchanges. Dead altcoins usually get delisted anyway, so there’s really no chance for them.

[Abiky]

It's not just about market cap, but more about trading volume. If a coin gets delisted, it means it can no longer be traded on exchanges where the volume is high. So even if the market is hyped like in an altcoin season, I don’t think investors would choose them over other altcoins that are pumping on highly liquid exchanges. Dead altcoins usually get delisted anyway, so there’s really no chance for them.

Yes. It's all about hype. Old coins are usually abandoned as both developers and investors move on to the next big thing. After de-listing, some people are left holding the bag (bagholder). Without exchanges for buying/selling the coin, you'd have no choice but to look for other options. F2F (Face to Face) and P2P (Peer to Peer) trading are often sporadic, as not everyone is willing to buy/sell "dead" coins. It's why most people switch to newer coins for greater liquidity and a better user experience.

I have to say I'm quite fond of oldies like the ones mentioned in the thread. Even if they're no longer being developed or traded on the market, they prove to be "fun" experiments for the crypto/Blockchain lover. I use to "play" with Spreadcoin all of the time. Since it doesn't have market value, I've got nothing to lose. Who knows? Maybe someone will turn these old coins into something useful. The code is open source, so it's easy to make a clone that keeps up with the latest developments in the crypto/Blockchain space. Just my two sats.

[Immobilium]

There are so many dead altcoins and scams. That is why it is necessary to be very careful and check everything before investing.

[d5000]

I just remembered some that are also not really dead still, but are firmly in low cap territory since more than 5 years and have some interesting PoW mechanisms:

- Primecoin - was the first coin trying to offer an "useful" PoW algorithm, at least for science (math theory), and allegedly found some "record" prime number rows. Created in 2014 by Sunny King (Peercoin creator), it saw a second hype in 2018 and since then was forgotten. I think also the code was never updated if I remember correctly (see Coingecko).

- Gapcoin - another prime/math based coin, probably created in 2018 (Gecko stats). Heyday seems to have been in 2021, then it ran flat.

- Riecoin - another prime/math based coin from 2014. Like Primecoin, it hyped in 2018 and then never could come close to their previous price, but is now stagnant. (Gecko).

Some of these coins seem to transform from "degenerators" into "low cap oscillators" (See Degenerators and Oscillators), i.e. they have stopped their decline and now are trading approximately at the same price for years. That's perhaps an interesting topic for another thread ...

[Bushdark]

There are so many dead altcoins and scams. That is why it is necessary to be very careful and check everything before investing.

So many altcoins projects that have ended up scamming their victims and community because they believed in them.
This had thought us to be very careful about investing in projects where the owner of team is not known. These scammers are still present in the crypto market to scam their community.  Many investors are now getting aware of this kind of scam which many scammers are using to steal from their community when the community is hoping to see the project skyrocketing and doing well in the market as the price of Bitcoin keeps going bullish.

[jaberwock]

Name one (or more) altcoin(s) that used to be a gem back then. I mean, altcoins that are now "dead" or no longer being developed/maintained by the community.

If a coin is dead, how was it even ever a gem, that has to be the question we are asking. I am not saying there weren't any coins that went up high, and then went down low, I am just saying that we have seen way too many things go down, and then ended up being something people remember good. Think about it, if something got so high, and then crashed, the people who made it go up, were people who are not aware how bad the project really was.

We have too many of them and this shows that there are too many people who do not know what they are doing, that is not really a good idea and I would highly suggest not investing into things that have no future, just because you think it would be hyped and trendy right now.

[Ojima-ojo]

Unfortunately, I don't have such coins to name, but what I can say is that nowadays, such projects are even harder to find.
They all fade away too quickly or don't hold long enough to realize their potential, all the while most search for profit only, not for utility / cool concepts to push for to gain more motivated users to keep the chain active.

The reason for the increase in dead coins in the current time is because most recent projects most especially the meme coins trend gave been nothing but shit and worthless coins and projects that are built on lies and hype so their presence in the market is always short leaved.


A few times we may see some of them making some traction in the market but along the line it won't last long before it gets kicked out of the market.

[Abiky]

I just remembered some that are also not really dead still, but are firmly in low cap territory since more than 5 years and have some interesting PoW mechanisms:

- Primecoin - was the first coin trying to offer an "useful" PoW algorithm, at least for science (math theory), and allegedly found some "record" prime number rows. Created in 2014 by Sunny King (Peercoin creator), it saw a second hype in 2018 and since then was forgotten. I think also the code was never updated if I remember correctly (see Coingecko).

- Gapcoin - another prime/math based coin, probably created in 2018 (Gecko stats). Heyday seems to have been in 2021, then it ran flat.

- Riecoin - another prime/math based coin from 2014. Like Primecoin, it hyped in 2018 and then never could come close to their previous price, but is now stagnant. (Gecko).

Some of these coins seem to transform from "degenerators" into "low cap oscillators" (See Degenerators and Oscillators), i.e. they have stopped their decline and now are trading approximately at the same price for years. That's perhaps an interesting topic for another thread ...

Interesting. Never thought there were Primecoin alternatives. I used to like XPM back in the day due to its innovative PoW consensus algorithm. It was truly one-of-a-kind. Unfortunately, Primecoin creator Sunny King decided to abandon ship by focusing on other projects. After Peercoin, Sunny King made a new PoS coin called "V Systems". But this last one hasn't taken off. Probably because it lacks innovation (its PoS model is similar to DPoS).

Now making a hybrid PoW + PoS coin with cunningham chains (prime numbers)? That's true innovation. Sunny King could've taken this route and save Primecoin (or his new "shitcoin", VSYS). Who knows? Maybe the future will surprise us...

[Immobilium]

Unfortunately, I don't have such coins to name, but what I can say is that nowadays, such projects are even harder to find.
They all fade away too quickly or don't hold long enough to realize their potential, all the while most search for profit only, not for utility / cool concepts to push for to gain more motivated users to keep the chain active.

The reason for the increase in dead coins in the current time is because most recent projects most especially the meme coins trend gave been nothing but shit and worthless coins and projects that are built on lies and hype so their presence in the market is always short leaved.


A few times we may see some of them making some traction in the market but along the line it won't last long before it gets kicked out of the market.

So most projects are not provided with anything at all. One naked idea, and often the ideas are not original but copy each other. But as you know, people are not afraid of other people's experience. As they lost money, they continue to lose it, because the desire to make a profit is much higher than the potential risks.

[Huppercase]

There are so many dead altcoins and scams. That is why it is necessary to be very careful and check everything before investing.

There is this things some people has not understand about tbe altcoin market and I hope they do very soon. There are some altcoins that were launch last bull run and now don't seems to be living upto there expectations and they have silently become venture capitals. Anytime I see a new project trending and doing all that on Twitter, I do make sure that I check their findings and I'm surprised to see those projects becomes VC as their backers, same project that is not doing well own their own.

Altcoins are now selective and people are now looking at whales before they make their investment. If it was back then, you would have seen many altcoins be running for their money but that system has change and for that reason, you see people jumping from one new coin to another just because they are chasing first pump on their investment, they have upgraded from ICO system and locking funds just to get some kind of allocations from projects.

[d5000]

Unfortunately, Primecoin creator Sunny King decided to abandon ship by focusing on other projects. After Peercoin, Sunny King made a new PoS coin called "V Systems".

Thanks for mentioning V Systems, I had searched for that one lol. Yeah, he may simply have to tried to jump on the train of premined PoS coins at that time, seeing how much money was made with them. I see their website is still live, but indeed it doesn't really look interesting. It's still developed though.

On the other hand, Primecoin could have easily been upgraded by Primecoin whales, just like the Peercoin folks did when Sunny King slowed down his contributions. For some time, XPM was in the top 30 on Coinmarketcap, so some people probably made a lot of money with it. Indeed there seems to have been some minor deveopment, at least until 2022 or so.

All three, Primecoin, Gapcoin and Riecoin have also still websites. But Gapcoin's development was abandoned in 2021 it seems. Riecoin, in contrast seems to be alive and developed actively (last commit to Github was 3 weeks ago).

[Abco]

Unfortunately, Primecoin creator Sunny King decided to abandon ship by focusing on other projects. After Peercoin, Sunny King made a new PoS coin called "V Systems".

Thanks for mentioning V Systems, I had searched for that one lol. Yeah, he may simply have to tried to jump on the train of premined PoS coins at that time, seeing how much money was made with them. I see their website is still live, but indeed it doesn't really look interesting. It's still developed though.

On the other hand, Primecoin could have easily been upgraded by Primecoin whales, just like the Peercoin folks did when Sunny King slowed down his contributions. For some time, XPM was in the top 30 on Coinmarketcap, so some people probably made a lot of money with it. Indeed there seems to have been some minor deveopment, at least until 2022 or so.

All three, Primecoin, Gapcoin and Riecoin have also still websites. But Gapcoin's development was abandoned in 2021 it seems. Riecoin, in contrast seems to be alive and developed actively (last commit to Github was 3 weeks ago).

So many dead coins that everyone has long since forgotten. It is much easier to list those coins that are still alive. Many people created new coins without any practical use. And soon such coins has become scams.

[Akbarkoe]

And the cycle will repeat itself over time, maybe the altcoin that we consider a gem today 10 years later will only be obsolete technology that has been abandoned by its community members, I strongly believe that new innovations will disrupt existing technology in any industry including crypto, such incidents also give me a message not to hold altcoins for too long because tomorrow, the day after tomorrow or a month later they can be replaced with better and more interesting ones to use, because basically every innovation pursues effectiveness and efficiency in its use for market needs, if it cannot compete then it is easily abandoned.

Today's gems tomorrow could be trash, that's the risk of holding altcoins.

[d5000]

I just remembered one more: Cryptonite (XCN), from late 2014 or early 2015. The blockchain is alive, it has still a live website, but it was delisted from almost all exchanges.

The USP of this coin is that it was the first coin which applied the so called "mini blockchain scheme". This allows to store only a relatively small part of the blockchain to validate transactions. A very similar approach has been followed, much later, by Kaspa. While this solves one scalability-related problem (storage), it doesn't solve the CPU/memory, latency and bandwidth problems for validators and full nodes. However, it could have still been marketed as a "P2P cash" because people like to install "light" cryptocurrency wallet software, and they even would have owned a full node then, with a few 100s of MBs of chain data ...

It's actually the only cryptocurrency I contributed to, with a very small bug fix.

It is much easier to list those coins that are still alive.

You know there are more than 100,000 coins out there? Even Coinmarketcap lists more than 33k So the approach here to find "gems" in dead and low-cap coins seems reasonable to me