Alphaquest's 2024 report reveals that two-thirds of old#crypto_currencyprojects have ended 😱!#btc

Especially those that originated in the period of market rise between 2020 and 2021. In 2023 alone, 65% of these projects collapsed, and an additional 32% declined after the collapse of the FTX stock exchange 🔥

In addition, more than a third (35%) of projects disappeared after the collapse of Terra Luna 👈 Some old projects ended ❌

Of the 12,343 projects examined, 8,854 were found to be no longer active or had been deleted, with an average digital project lifespan of 3 years, much shorter than the typical 4-year market cycle.

That's why we say that new projects with a working team are the ones that succeed ✅

Terra and Cardano networks are among the top 10 networks with the largest number of retired cryptocurrencies

The report was based on specific criteria such as declining trading volume and liquidity, inactive or deleted Twitter accounts, and the removal of the coin from the COINMARKET website as indicators of a possible extinction.

#btc  #bitcoin  #binance 

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