Dead altcoins that were a true gem

[Abiky]

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.

I'd start off by mentioning Memorycoin (MMC), Spreadcoin (SPR), and Franko (FRK). These were "hidden gems" back in the day. MMC had its own voting system on the Blockchain, while Spreadcoin had an innovative approach to mining (where pool centralization was discouraged). And last but not least, we have Franko which had the innovative "Proof of Task" consensus mechanism (a crypto coin created by Christopher Franko, the founder of Expanse).

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?

[betswift]

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.

[hugeblack]

When any altcoin is dumped heavily it will not rise again, so even if the ideas of this altcoin are revolutionary, it will not come back again to gain momentum. It can be forked and pumped, but it will be a pump/dump coin, so unless there is a real change in its code, do not expect it to have long-term value.

[stadus]

How can it be a true gem if it's already dead? I believe that when we say an altcoin is dead, we mean it literally. With so many active altcoins in the market that are struggling, why would I expect a dead one to rise?

Honestly, from my own experience, I had a lot of dead altcoins in my MEW that I once thought were true gems. When I had the chance to sell and minimize my losses, I didn't do it because I trusted the team. But now, it seems they're already dead, and I'm feeling hopeless about these coins.

[FortuneFollower]

When any altcoin is dumped heavily it will not rise again, so even if the ideas of this altcoin are revolutionary, it will not come back again to gain momentum. It can be forked and pumped, but it will be a pump/dump coin, so unless there is a real change in its code, do not expect it to have long-term value.

Only if there is a push from all, and I mean all sides, big and small, influencers, KOLers, funds from the big guys, then - maybe - the coin can rise from the dead, sorta.
But it's 1% from 99% of the ones that are not lit again after such an event..

[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.

[FortuneFollower]

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.

[ultrloa]

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.

I'd start off by mentioning Memorycoin (MMC), Spreadcoin (SPR), and Franko (FRK). These were "hidden gems" back in the day. MMC had its own voting system on the Blockchain, while Spreadcoin had an innovative approach to mining (where pool centralization was discouraged). And last but not least, we have Franko which had the innovative "Proof of Task" consensus mechanism (a crypto coin created by Christopher Franko, the founder of Expanse).

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 don't know why people think about there's still a good chance to earn from those heavily dump altcoins. Since provably that there's nothing to get there especially if the dev itself abandon their rpoject.

People try to engage with dead alts is just putting their selves at risk to lose their money. Since first they are not sure there are still old holders of that token which is just waiting for some volume to come and provably they became an exit liquidity for those old holders. So better trade with reputable alts which have good volume for safety purposes.

And I really discourage people to do this risky trading activities.

[bettercrypto]

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.

I'd start off by mentioning Memorycoin (MMC), Spreadcoin (SPR), and Franko (FRK). These were "hidden gems" back in the day. MMC had its own voting system on the Blockchain, while Spreadcoin had an innovative approach to mining (where pool centralization was discouraged). And last but not least, we have Franko which had the innovative "Proof of Task" consensus mechanism (a crypto coin created by Christopher Franko, the founder of Expanse).

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'm not familiar with the coins mentioned, though I know that the coins that the op is talking about will be around for a long time because I looked into them and researched them too. But what I also remembered is that I also have a lot of coins in my wallet that also have no value in the market.

And most of them are those that are under erc20 in the mew wallet apps since 2017, those are the ones I got and now they have no value at all, honestly.

[Tipstar]

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.

I'd start off by mentioning Memorycoin (MMC), Spreadcoin (SPR), and Franko (FRK). These were "hidden gems" back in the day. MMC had its own voting system on the Blockchain, while Spreadcoin had an innovative approach to mining (where pool centralization was discouraged). And last but not least, we have Franko which had the innovative "Proof of Task" consensus mechanism (a crypto coin created by Christopher Franko, the founder of Expanse).

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?

In a simple analysis, a real gem coin won't be dead. But if we are talking about coins that were hyped a lot at their time but are now obsolete and nearly dead, there are plenty of them.
There are some outright scams and ponzi that got a large marketcap like bitconnect and some insanely high pos coin like mousecoin. There were also some that were very popular at that time but got lost in the heap of new coins like Peercoin. Not dead but no one knows about it anymore.
Other categories are some very hyped utility coins that still exists but never fulfilled the dreams of the developers and investors like NEO and NEM.

[Ararbermas]

Tbh with you mate there's a lot of gems project way back then and i can't remember the name of those good projects ,coz that time they keep emerging in the market but suddenly dissapear as well without knowing. that's the reason why mostly people said most alts were shitcoins especially when meme coin become trends coz they keep falling after the hype.

[sunsilk]

I remember some proof of capacity coins like burst coin. It was popular back then and many seem to be optimistic about it that we can mine it through the capacity of our hard drives.

But it didn't take that long until I could not see it anymore. Some projects that I am still familiar with are like the siacoin, digibyte, namecoin, clam, etc. although these that I have mentioned in the last are still having liquidity.

I don't know until when.

[asriloni]

You were just wasting your time to deal with the dead coin. The dead coin is already dead in everything, they dead as a coin and its reputation totally destroyed. Reviving the dead coin is just the dumbest decision i have ever seen, and weird to call it as a true gem.

Believe me, it won't work. The better to follow the trend instead of doing the opposite thing.

[markm]

Not sure about ones that were a true gem, but I have seen ones that seem to me to still be true gems.

There is probably a lot of truth in the opinions already expressed too that a true gem will stay a true gem.

From what I have been reading hereabouts I expect many or most of you will find this doubtful, but there are old coins that have some solid adherents, maybe you could even say a "deep state" somewhere deep behind them, solid enough to have put up collateral in the form of a "treasury" so that even in the absence of enough spot market and arbitrage activity to "discover" a value for them one can simply divide the value of their "treasury" by the number minted to arrive at a value per unit by a kind of reverse of the math sites like CoinMarketCap use to arrive at a "market cap".

The thing is, "market cap" is somewhat fictional; just because someone once sold one World of Warcraft magic sword for fifty bucks in no way implies that MAXINT such swords is worth MAXINT times fifty bucks.

At least with "treasuries" you know the "market cap" value is an actually on deposit value stashed in a "treasury" thus in principle should the asset ever truly "die" its treasury ought somehow to be able to be broken open to disburse that value...

Both the Ixians (IXCoin) and the I0nians (I0Coin) managed to put together treasuries big enough that their calculated value per coin usually far exceeds the spot market prices of their coins; there is no reason any coin that is truly not doing well on spot markets couldn't do the same.

It is really only the very huge coins like bitcoin itself and other top however-many by "market cap" that ought to have much difficulty doing that.

Those, of course, certainly if they are centralised, ought to have had no difficulty doing that ab initio - from the start - but evidently that goes too much against the idea of just taking the money and running.


-MarkM-

[Abiky]

How can it be a true gem if it's already dead? I believe that when we say an altcoin is dead, we mean it literally. With so many active altcoins in the market that are struggling, why would I expect a dead one to rise?

Honestly, from my own experience, I had a lot of dead altcoins in my MEW that I once thought were true gems. When I had the chance to sell and minimize my losses, I didn't do it because I trusted the team. But now, it seems they're already dead, and I'm feeling hopeless about these coins.

It's a "gem" when it has a unique tech not found anywhere else (innovation). There are a few old projects (like the ones mentioned in the thread) that are this way. The only reason they've failed was because of a poor marketing/promotion strategy from the developer team. People are usually driven by hype and don't care if the coin they're investing into lacks real use cases. It's no wonder why many of the "old gems" are now "dead".

At least, the code is open source. What's stopping someone from launching old projects again? As long as there are nodes and miners (or stakers/validators) willing to support the network, the coin will remain alive and functional. Let's see what happens in the long run.

[MusaMohamed]

When any altcoin is dumped heavily it will not rise again, so even if the ideas of this altcoin are revolutionary, it will not come back again to gain momentum. It can be forked and pumped, but it will be a pump/dump coin, so unless there is a real change in its code, do not expect it to have long-term value.

If they are pump and dump coins, purely scam with very short lifespans, they will die very quickly after their pump games.
If they are a little bit better than purely pump and dump scam altcoins, they can have longer lifespans like several years, some market cycles but they are still not comparable with Bitcoin.
Some reports on dead altcoins can give very shock information and fact.
How many cryptocurrencies failed?
Charting the Number of Failed Crypto Coins, by Year (2013-2022).
Another shock fact will be discovered if simply use Coinmarketcap and its filter on Price from ATH.
https://coinmarketcap.com/
Customize the filter with a simple parameter, the fact is clearly seen that most of altcoins now are -40%, -50% or -60% or more terrible from their ATH prices. And it is their stats after 2024 and 2025 bullish years.

[Dave1]

How can it be a true gem if it's already dead? I believe that when we say an altcoin is dead, we mean it literally. With so many active altcoins in the market that are struggling, why would I expect a dead one to rise?

Honestly, from my own experience, I had a lot of dead altcoins in my MEW that I once thought were true gems. When I had the chance to sell and minimize my losses, I didn't do it because I trusted the team. But now, it seems they're already dead, and I'm feeling hopeless about these coins.

It's a "gem" when it has a unique tech not found anywhere else (innovation). There are a few old projects (like the ones mentioned in the thread) that are this way. The only reason they've failed was because of a poor marketing/promotion strategy from the developer team. People are usually driven by hype and don't care if the coin they're investing into lacks real use cases. It's no wonder why many of the "old gems" are now "dead".

At least, the code is open source. What's stopping someone from launching old projects again? As long as there are nodes and miners (or stakers/validators) willing to support the network, the coin will remain alive and functional. Let's see what happens in the long run.

I wouldn't say that they are dead because of poor marketing, maybe a new innovation technology has come along and make them obsolete. Just like in 2017 wherein there was a lot of altcoins that really took the center stage, but then they are now dead as they have been eaten by the latest technology.

And for sure there are a lot of crypto right now that looks good and has the hype, but I doubt that they can last that long in the market as this has been the cycle, hype then died down as new and latest one emerges.

[Lamkuthang]

I wouldn't say that they are dead because of poor marketing, maybe a new innovation technology has come along and make them obsolete. Just like in 2017 wherein there was a lot of altcoins that really took the center stage, but then they are now dead as they have been eaten by the latest technology.

And for sure there are a lot of crypto right now that looks good and has the hype, but I doubt that they can last that long in the market as this has been the cycle, hype then died down as new and latest one emerges.

I think it's all on the development team if they move forward and continue and continue the original concept as they have written on their website or whitepaper I think the path and other things that are obstacles for developers of old coins, many partners may no longer be interested in the old concept and are more willing to enter the concept that is currently hyped even though the token is new. The costs are required for development as a market test.

[AVE5]

I didn't meet any of the above mentioned AltCoins here and haven't heard of before and because of this should be one main reason why adoptors should investigate of the volume of community users of any AltCoin before embracing it.
I'm just wondering what the condition of Investors who has held their lifetime portfolio in there would feel like at the diminishing and exile of the coins which they've whole heartedly invested upon and probably was holding for retirement project and then took them a woe surprise.

[EarnOnVictor]

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.
Memorycoin (MMC), Spreadcoin (SPR), and Franko (FRK)

I don't think you used the two words (gem and dead) correctly and it will be the reason why people may not be able to furnish you with any reasonable idea. For starters, Memorycoin (MMC), Spreadcoin (SPR), and Franko (FRK) as mentioned above are such I was never familiar with, but gems are not like that, they are precious and familiar at the same time.

Other important characteristics of gems are that they are always valuable and pricy and most importantly, don't die. Since these coins/tokens are now dead, they are no gems to me, you might only be fortunate to earn from them then.