AlphaQuest counted the number of “dead” cryptocurrencies.
For crypto projects, 2023 was the hardest year over the last 4 years. During this period, developers abandoned 59.35% of tokens tracked on CoinMarketCap.
Analysts studied more than 12,000 projects, identifying the “dead” ones based on four criteria:
📌Low liquidity/trading volume
📌Dysfunctional site
📌Delisted from CoinMarketCap
📌Deleted X account (no updates in X for more than three months).
It turns out that almost 60% of projects have been abandoned.
This is why we constantly remind you that any investment in crypto is high risk and to always DYOR.