Coins rising back from the dead?

[Abiky]

Any particular cryptocurrency that was long thought to be dead, only to experience a "revival" all of a sudden (that you know of)? I'm talking about coins that lost a huge portion of their value, only to experience a "revival" due to renewed interest from developers, the community, etc. I know chances of this happening are slim, but I've learned that all things are possible in crypto land. If there's one coin that won't make a comeback, that would be Terra/LUNA (aka Terra Classic) (due to the damaged reputation/image from its collapse a few years ago). And don't get me started on FTX's "FTT" token.

Feel free to share your findings below. Thank you.

[markm]

There is a gang of blockchain-hijackers running around claiming to "revive" coins they pretend were "dead", but watch out...

As they have hijacked for example FairBriX which has been running all along and traded on HORIZON and Stellar platforms all along.

They have hijacked other chains too.

My two lists linked above, of things I make trade-able using HORIZON and Stellar, have a number of coins in them some folk think to be dead, so chances are decent the hijackers will not stop with FairBriX.

With FairBriX they apparently got them listed somewhere, set up a block explorer whose link was dead when last I went looking, joined the network and drove the difficulty way way high "legitimately mining", then poof they vanished leaving the real chain still struggling against the high difficulty to find the next block and did some kind of fork or something, possibly even a jump way back into the past to some past time when they had lots of coins they long since sold, so that they could re-sell the same ones over again or something.

They have been known to do that forking from some long ago block on other chains too, look around the forum I don't recall specific instances.

The Galactic Milieu doesn't so much revive dead coins, usually, as simply adopt undervalued / underappreciated coins and provide them with "treasuries" from which the game can calculate per coin values for them by dividing the total value of the coin's "treasury" by the number minted to compute calculated value per coin...

Then we try to build buy-sides up toward the calculated value, adding more assets into the "treasury" to increase the calculated value if we get the actual spot-market price, aka the buy-sides we build, up near the calculated value...


-MarkM-

[Mrbluntzy]

but I've learned that all things are possible in crypto land.

  I have not come across any quote that "all things are possible in crypto" Even if some things are very possible in the crypto such as dead projects coming back to live and some shitcoins make a lot of profit for few investors and the volatility of many altcoins being too crazy to get investors capital Liquidated, yet it doesn't mean that all things are possible in the crypto land. It's rare for dead altcoins project to come back to live, the only chance they stand to do that is if the project is rebranded and given another name but if it's still with the old journey, no body wants to trust a project that has failed before.

[markm]

Some old coins did not fail they just grew quiet, fell under the radar, were not popular for years at a time but kept on going, kept on trading, having long term in mind not the hype of the moment.

Also by tokenising them one could even not worry too much about proof of work security of the underlying blockchain as one could put a checkpoint into the clients then tokenise coins from before the checkpoint so clients know not to ever timetravel back to before the checkpoint to un-do the generation of the pre-checkpoint coins that tokens represent.


-MarkM-

[gunhell16]

Not all old coins have dropped their prices, daily volumes, but they have maintained and even improved as time passes or the years come. There are others that are just easy even though there is no development but the volume liquidity is still intact in the market and I have seen many like that so far.

But most of the old coins are still in the top listing like Ethereum, Trx, Ada, Bch, Xrp, these are just a few of the old coins that until now still remain strong, now if there are old coins that still remain like LUNC, it is up to us whether we still buy them.

[passwordnow]

I don't think that the majority of the coins that were already dead can have a come back if not all. That's because looking at the markets, when we say that they're dead, they're totally dead and won't be coming back anymore. It starts from the decrease in volume, the community will start to lose their grip on them and the delisting comes for the major exchanges where they're listed. While there are still some that are being kept on by the exchanges despite that with one glance at it, we can consider that it's totally dead. It's about the preference of the exchanges but if it's about a revival, I don't think that we'll see them a lot. A sudden pump might do but it's gonna be a pump and dump sequence done by whales.

[coin-investor]

I'll base it on my experience, I never trust coins that rise from the dead, they are not serious and just doing a comeback to profit again, a good developer will never leave his project, even if the coins lacks support or not doing well in the market, he will continue to better his platform, update the community and assure them that the project keeps going.
Coins that are dead should remain so, unless they can reasonably answer the question on why they left the project dead, and why they are coming back.

[kotajikikox]

Won't SOLANA be the perfect example for this? Solana lost most of its value years ago but now we see it being considered as one of the biggest cryptocurrencies last year extending to this year. It is possible yes but not all the time this happens. You will be lucky to have kept holding on to a coin that has long ago declined.

[robelneo]

There are exceptions, but coins that rise from the dead should be ignored. In the first place, why did they become dead, and why do the developers let the project die when I mean die, no update or interaction, and the domain was gone, a dead coin cannot just come back and get welcome, they first need to prove that they have returned and will continue developing the platform.
It's easier to create a new project than to resurrect an old one, because of the trust issue.

[Yanghudi]

Any particular cryptocurrency that was long thought to be dead, only to experience a "revival" all of a sudden (that you know of)? I'm talking about coins that lost a huge portion of their value, only to experience a "revival" due to renewed interest from developers, the community, etc. I know chances of this happening are slim, but I've learned that all things are possible in crypto land. If there's one coin that won't make a comeback, that would be Terra/LUNA (aka Terra Classic) (due to the damaged reputation/image from its collapse a few years ago). And don't get me started on FTX's "FTT" token.

Feel free to share your findings below. Thank you.

it seems like no coin has risen from the dead at the moment but some time ago i just found out that bram cohen the founder of bittorrent, has created the chia coin and it seems like it has the potential to rise again then because some time ago i saw the news that they have submitted its S-1 registration with the U.S. Securities and Exchange Commission, emphasizing the role of technological specifics in investments https://coinmarketcap.com/community/articles/67f02d513a8b2665c00447ba/

[cryptotact11]

Pretty much each revival is a scam. There is not a single good reason for why something like this should happen. Why take insane risks to help others get scammed?

Won't SOLANA be the perfect example for this? Solana lost most of its value years ago but now we see it being considered as one of the biggest cryptocurrencies last year extending to this year. It is possible yes but not all the time this happens. You will be lucky to have kept holding on to a coin that has long ago declined.

That is not true. Losing a lot of value does not make it a dead coin, it just means it followed the natural 4 year cycle here.

[tygeade]

Won't SOLANA be the perfect example for this? Solana lost most of its value years ago but now we see it being considered as one of the biggest cryptocurrencies last year extending to this year. It is possible yes but not all the time this happens. You will be lucky to have kept holding on to a coin that has long ago declined.

Title can have more than one definition but OP's definition according to his subject is different from what you wrote there. He is referring to those coins that had a bad reputation, I mean literally. While Solana is still a legit crypto despite experienced some issues in their system last time and in fact they even fixed it resulting for them to bounce back later on. Another coin would be is ETH.

A lot of people call it dead but it did came back recently even though it still didn't met some people's expectations. There is more to the list actually. If I can give another one, I would say Litecoin. It is one of the sleeping giants. These coins are solid in terms of fundamentals, it is just that it is also normal for them to experience a hibernation period sometimes.

[Metalbest]

Actually crypto always has a way of shocking people and one that springs to mind is Dogecoin. It was practically a joke for years with no actual use case and scarcely any development but nevertheless it came back from the dead owing to community enthusiasm and Elon’s tweets. Same with projects like Ethereum Classic and even Verge they was struck hard but found methods to stay alive. You’re right though others like LUNA and FTT are definitely too far gone reputation wise also in crypto never say never but some stains are just too deep to remove.

[markm]

Don't have a link offhand but surely folk recall that bitcoin itself was pronounced dead some crazy number of times over the years.


-MarkM-

[o48o]

Any particular cryptocurrency that was long thought to be dead, only to experience a "revival" all of a sudden (that you know of)? I'm talking about coins that lost a huge portion of their value, only to experience a "revival" due to renewed interest from developers, the community, etc. I know chances of this happening are slim, but I've learned that all things are possible in crypto land. If there's one coin that won't make a comeback, that would be Terra/LUNA (aka Terra Classic) (due to the damaged reputation/image from its collapse a few years ago). And don't get me started on FTX's "FTT" token.

Feel free to share your findings below. Thank you.

As you have a legendary account i am surprised if this is your first time stumbling into this.

I am sure that in most cases this is because pump & dump teams have been slowly accumulating tokens of nearly dead projects. That's because it's easier to pump something when you own huge amount of the supply and marketcap is low. Community older bag holders start to theorize, that there must be insider buying and some development happening, because price is rising, so they are reluctant to sell right away. All this speculation and price rising creates hype and pump & dump crew and their followers don't need that much money for their exit pump.

[Abiky]

Some old coins did not fail they just grew quiet, fell under the radar, were not popular for years at a time but kept on going, kept on trading, having long term in mind not the hype of the moment.

Also by tokenising them one could even not worry too much about proof of work security of the underlying blockchain as one could put a checkpoint into the clients then tokenise coins from before the checkpoint so clients know not to ever timetravel back to before the checkpoint to un-do the generation of the pre-checkpoint coins that tokens represent.


-MarkM-

Is Litecoin one of them? I mean, it's still being actively traded on the market. But development is silent, as other crypto projects take the spotlight. Don't get me wrong. LTC has low fees and all, but it could never compete with established giants in the crypto space (mainly Solana, BNB, and ETH).

As far as dead coins are concerned, I've seen some abandoned "meme" coins rise back from the dead. It can be a result of hype, due to developers making a comeback or simply because of whales manipulating the market. We should never underestimate low market cap or low priced coins. You'll never know when prices begin to "pump" all of a sudden. I've been holding Magi (XMG) and Digitalcoin (DGC) for long with the hopes of seeing a revival (relaunch) in the future. Who knows? Maybe I'll get lucky someday...

[nemesis_incarnate]

Don't have a link offhand but surely folk recall that bitcoin itself was pronounced dead some crazy number of times over the years.


-MarkM-

Usually when the coin dips, especially new one - it's a joeover for everyone.

And when it gets up - they tend to say backwards that it will be eternal.

Nothing wrong with that, nature of human perception in our days

[bitLeap]

Any particular cryptocurrency that was long thought to be dead, only to experience a "revival" all of a sudden (that you know of)? I'm talking about coins that lost a huge portion of their value, only to experience a "revival" due to renewed interest from developers, the community, etc. I know chances of this happening are slim, but I've learned that all things are possible in crypto land. If there's one coin that won't make a comeback, that would be Terra/LUNA (aka Terra Classic) (due to the damaged reputation/image from its collapse a few years ago). And don't get me started on FTX's "FTT" token.

Feel free to share your findings below. Thank you.

I'm not too sure about the revival of a coin that has been destroyed like Luna and FTT because even if there is, it must have been a hot topic on social media. In general, investor and trader trust in troubled coins has ended at that time. but if I'm not mistaken, the beginning of Luna's crash can still be used as a profit. With several purchases at the lowest price at that time, I tried it and got out again to take advantage.

In today era, there is no coin that has risen from its destruction in the past, especially with the emergence of new projects that are much more Hit.

[Cointxz]

Ravencoin, Cake and many more.

Currently, I’m watching $STX and $LAYER to dip on insane level before I purchase again. This tokens is known for pumping hard when there’re already a hype on the market.

$ENS is good token to watch too since it dips hard and pump hard at the same time.

[Bleaking6]

Don't have a link offhand but surely folk recall that bitcoin itself was pronounced dead some crazy number of times over the years.


-MarkM-

That is right. It was all over Twitter at that time. Elon was like a crypto pillar that time too who we thought was our saviour.