Over 50% of the cryptocurrencies tracked by CoinGecko have gone belly up 🙂
Of the 24,000 cryptocurrency projects that have been featured on the CoinGecko aggregator since 2014, 14,039 have ceased to exist.
Most of the currently “dead” projects launched during the bull run period of 2020–2021: 7,530 cryptocurrencies, or 53.6% of the total.
Perhaps this is all you need to know about “promising young projects” that will “inevitably go to the moon.” 😂