Dead altcoins that were a true gem

[Ever-young]

Markets are cyclical, they rise and fall. But during the fall, many altcoins are already dying for ever, and when the market grows, they do not recover.

Any Altcoin that don’t have good use case and the price is just base on hype and trends onces such Altcoin dump they will never see the light of the day again, sometimes the team are actually the ones who pull out liquidity and move on in such case we can’t expect such coin to recover from a heavy fall, but if the coin have some good use they will gradually recover as their usage will speak for them.

[Chonkler]

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[taufik123]

Any Altcoin that don’t have good use case and the price is just base on hype and trends onces such Altcoin dump they will never see the light of the day again, sometimes the team are actually the ones who pull out liquidity and move on in such case we can’t expect such coin to recover from a heavy fall, but if the coin have some good use they will gradually recover as their usage will speak for them.

Seeing how it is happening now, more memecoins that don't have any use or utility and are created are indeed based on trends and narratives that are being talked about a lot and when the price starts to dump it will just be abandoned because developers and insiders start selling all their coins.

But of course there will always be an opportunity for a coin that has a good name and utility to develop,
It will be a CTO coin that can bounce back with the help of a strong community and investors who are willing to manage everything well as a new developer.

But even though it has become a CTO (Community Take Offer) coin, it still does not guarantee whether it will be successful or just become garbage again,
it depends on how development and marketing are done.

[Rampagoe004]

Markets are cyclical, they rise and fall. But during the fall, many altcoins are already dying for ever, and when the market grows, they do not recover.

Any Altcoin that don’t have good use case and the price is just base on hype and trends onces such Altcoin dump they will never see the light of the day again, sometimes the team are actually the ones who pull out liquidity and move on in such case we can’t expect such coin to recover from a heavy fall, but if the coin have some good use they will gradually recover as their usage will speak for them.

The main thing about altcoins that will become pearls is not Altcoins that rise because of hyoe or FOMO trends, The usefulness of altcoins must be developed by developers so that they continue to get sufficient liquidity if the Altcoin falls, then when the market is bullrun, the altcoin will follow the upward movement just like other new altcoins.
Every altcoin that has good future uses will have many investors collecting it, Whether an altcoin develops or not depends on how the developer promotes it and can create more networks into it. I can't be sure that all dead altcoins will become gems, all related to their usefulness and enthusiasts.

[Yamifoud]

It's not on my list, but I had some valuable coins before, and they turned to $0. As I watch them, I'm really disappointed that I didn't sell them while they were still hyped. And when I check those exchanges where they were listed before, they are not gone. It was hopeless but also a sort of learning experience to buy new projects, as it was difficult to gain assurance to stay long in the market when they were just created without solid purposes.

It taught me something important, so I don't consider them as part of my investment plan.

[Huppercase]

Markets are cyclical, they rise and fall. But during the fall, many altcoins are already dying for ever, and when the market grows, they do not recover.

Any Altcoin that don’t have good use case and the price is just base on hype and trends onces such Altcoin dump they will never see the light of the day again, sometimes the team are actually the ones who pull out liquidity and move on in such case we can’t expect such coin to recover from a heavy fall, but if the coin have some good use they will gradually recover as their usage will speak for them.

This space is really crazy man, an altcoin can have a use case and better product for the community to use and they can still jinz the project and make it looks like it nothing because you know why? Everything in the project revolves around the whale, the team and the market makers. Don't you see XRP, does it have any real use case if not the regular sentiment of banks and banks and yet there is nothing around and the price is running every day.

On a norms, coins like PI is something we shouldn't have even allow to exist but they made it look like it's the next thing to buy and I will be here until when he coin resch bottom of $0.2 and when there is dip correction in the market, it will go down and will not rise again. We let some coins have their ways into the heart of people just because of quick money but there is nothing absolutely around them to be worth that amount, no tech, just group of people trying to enrich there pocket.

[Abiky]

This space is really crazy man, an altcoin can have a use case and better product for the community to use and they can still jinz the project and make it looks like it nothing because you know why? Everything in the project revolves around the whale, the team and the market makers. Don't you see XRP, does it have any real use case if not the regular sentiment of banks and banks and yet there is nothing around and the price is running every day.

On a norms, coins like PI is something we shouldn't have even allow to exist but they made it look like it's the next thing to buy and I will be here until when he coin resch bottom of $0.2 and when there is dip correction in the market, it will go down and will not rise again. We let some coins have their ways into the heart of people just because of quick money but there is nothing absolutely around them to be worth that amount, no tech, just group of people trying to enrich there pocket.

Exactly. It's all about the hype. Not the underlying tech of a coin. Why do you think worthless "meme" coins are popular? Because they've brought the attention of big whales and influencers. Crypto projects thrive based on the amount of money entrusted to them by investors. Money talks, right?

I'd expect more altcoins to lose their luster until they become history. What was once a "gem" will now be considered "garbage" as people move on to the next big thing. Just diversify your investment to minimize risks of loss as much as possible. As long as you do that, you'll have nothing to worry about.

[Halime Anatolia]

Exactly. It's all about the hype. Not the underlying tech of a coin. Why do you think worthless "meme" coins are popular? Because they've brought the attention of big whales and influencers. Crypto projects thrive based on the amount of money entrusted to them by investors. Money talks, right?

I'd expect more altcoins to lose their luster until they become history. What was once a "gem" will now be considered "garbage" as people move on to the next big thing. Just diversify your investment to minimize risks of loss as much as possible. As long as you do that, you'll have nothing to worry about.

I think the concept of meme enthusiasts is that value should not only be in the whitepaper, utility, and tokenomics but they believe that the real value is in the community and the people who buy them because they still focus that crypto is not about IQ but EQ.

[doubletheprof]

Simply... if the altocoin is dead it was not a gem

[EarnOnVictor]

Markets are cyclical, they rise and fall. But during the fall, many altcoins are already dying for ever, and when the market grows, they do not recover.

Any Altcoin that don’t have good use case and the price is just base on hype and trends onces such Altcoin dump they will never see the light of the day again, sometimes the team are actually the ones who pull out liquidity and move on in such case we can’t expect such coin to recover from a heavy fall, but if the coin have some good use they will gradually recover as their usage will speak for them.

Manipulation is everywhere, that's why I first faulted the topic of the OP, no true gem will die, it's a misrepresentation. If people temporarily earn from something, they misplace it for a gem, but that's not true, it could be their luck shinning at that time, it is all gambling in most of the listed crypto projects these days. It could be terrifying at times too for we've seen coins that pumped 50x and dropped it the same way in just a week. Should we call that a gen? Heck No!

[Reynaldo]

Truth is, timing matters more than tech. We're now seeing projects with inferior tech but better timing/marketing get billion-dollar valuations, while these pioneers became historical footnotes. IYKYK

[d5000]

Simply... if the [altcoin] is dead it was not a gem

I answer to this post because I've seen many similar ones and this one is particularly "on point".

First, in this thread several coins were discussed which are not completely dead but lost value or were unable to grow from 2014/15 levels so they're now below position 1000 on Coinmarketcap and similar ranking sites.

Second, altcoin dynamics unfortunately do not always incentive "quality", as was already mentioned by others who mentioned memecoins which have basically zero quality.

Quality is not necessarily exactly the same than "the tech", but also has to do with the quality of the community interaction, e.g. bugfixing, provision of applications, involvement of merchants and services (ecosystem), etc.. I consider Monero and LTC "good" coins even if they were clones of existing coins and thus aren't that interesting from the "tech" perspective (Monero was a clone of an earlier coin called Bytecoin). Although both have developed well and uniquely (LTC with MWEB, Monero gradually improves its privacy).

But there are a lot of factors which can make an altcoin lose traction even if the quality is high. Some have much to do with bad luck.

For example, the creators of an altcoin can have developed an excellent coin, but they can lose interest because they just published their coin in a memecoin wave and their coin stays unnoticed. Developing and maintaining a coin can take a lot of work if you take it seriously. So if the community is not big enough to take over development, it may simply die.

Or they are attacked 51% in the starting phase, like it occurred to Grin.

So I think this thread is legitimate. There are altcoins which have interesting elements even if currently their valuation is very low, or they don't exist anymore (like it occured to Ellaism or Qora). Some of them could even see a revival in the future, even if this has been rare until this day.

[hyudien]

Markets are cyclical, they rise and fall. But during the fall, many altcoins are already dying for ever, and when the market grows, they do not recover.

Any Altcoin that don’t have good use case and the price is just base on hype and trends onces such Altcoin dump they will never see the light of the day again, sometimes the team are actually the ones who pull out liquidity and move on in such case we can’t expect such coin to recover from a heavy fall, but if the coin have some good use they will gradually recover as their usage will speak for them.

That is why I prefer to trade coins that rely on short-term trends and as long as there is a chance to make a profit, it is better to get out to sell it. Because the case will be the same as some altcoins that are considered dead and not even glanced at by any investor or trader. The altcoin era depends on trends both past and present and does not care about the technology they run, goals etc in the end what is seen is the prospect of profit in front of the eyes.

[Bushdark]

Truth is, timing matters more than tech. We're now seeing projects with inferior tech but better timing/marketing get billion-dollar valuations, while these pioneers became historical footnotes. IYKYK

Timing is very important when it comes to listing crypto projects. This is why we keep seeing project that has good utility and tech enhanced features doing less in the market than ordinary memecoins that have no better utility doing well in the market because of influence and better timing. If we take a look at the Trump that pumped really well than many of these non memecoins. We would see that the better timing is what made Trump to trend very well in the market including the influence. It is very important for those of us that like to buy memecoins and hold to know that timing is one of the best way we can make money in the crypto market.