EOS

[$crypto$]

I remember they are in the top 20 I guess by market cap before and I never truly heard ever since. I wonder why these projects that after rebrand you'll never see them ship anymore and they will slowly dying. There's something scary about rebranding tbh, not that it applies to all but it definitely sends a reminder.

In the past, if I'm not mistaken, you had to pay to make an EOS wallet, but now it's worthless? Rebranding is sometimes not a solution to new innovations but rather continues to plunge into the abyss.

Fantom also rebranded Sonic I don't see anything special and now the price has dropped so low, why do developers do this if they know the impact? Maybe the once glorious coin will soon be left behind?

[sergiorus]

Fantom also rebranded Sonic I don't see anything special and now the price has dropped so low, why do developers do this if they know the impact? Maybe the once glorious coin will soon be left behind?

My guess is it to erase the history of the chart. Rebrandings happen all the time.

There are success stories too though: AAVE used to be LEND, it's actually a dinosaur coin launched in 2017 as "EthLend" and its rebranding erased all the 2017-2019 shenanigans from the chart and entering the 2021 bullrun it looked very clean.

[abaeze]

I remember this coin just right now, I wanted to see the price of the coin, I did not see. The coin has rebranded to Vaulta (A) was what I found out about it.

Crypto market is highly unfortunate. I remember when EOS was among the top 10 coins. I still saw the price in 2021 rose to $14, but Vaulta right now is $0.0777 ranked 176.

The marketcap is even self reported.

In fact, the past, present, and future of such projects are not good. However, if a new trader understands "why rebranding is done", they will be able to grasp its weaknesses. Most altcoins are a trap in the long term. Those who fall into greed and invest in them for the long term are harmed. There are very few traders who have been able to profit from it. Although it is still listed on various exchanges including Binance.

[Charles-Tim]

My guess is it to erase the history of the chart. Rebrandings happen all the time.

There are success stories too though: AAVE used to be LEND, it's actually a dinosaur coin launched in 2017 as "EthLend" and its rebranding erased all the 2017-2019 shenanigans from the chart and entering the 2021 bullrun it looked very clean.

There are many of them like this, also another one is Matic, but which people may not discuss about as the coin rebranded to the name of its network which is Polygon. The coin is now called Pol.

One thing I noticed about these coins as they rebranded is that for example, the coin might have fallen from $20 to 0.9. The coin will rebrand so that the exchanges will remove the $20 all-time high to the price the coin name was changed. If the coin name was changed when it fee to $1.9 after it rose from $0.9, you will see $1.9 as the all-time high on exchanges. Also the same on sites like Coinmarketcap and others.