Cardano has 74% of Crypto Deadcoins, Report Says
Since its inception, the cryptocurrency market has seen a significant number of projects fail . Since 2014, over 24,000 cryptocurrencies have been listed, and of those, 65% have been deemed ‘dead’ or failed.
This high failure rate highlights the volatile and speculative nature of the cryptocurrency industry. It shows that a large proportion of projects are not viable in the long-term.
More Half of Cryptos Launched During 2020-2021 Bull Run are Deadcoins
In late 2022, the cryptocurrency market experienced a significant downturn . The market collapse meant 65% of all projects in the sector failed.
The period of 2020-2021, marked by a bull run in the cryptocurrency market, saw the most significant number of failures, with 7,530 cryptocurrencies launched during this time not surviving. This still happens and researches indicate that the majority of new cryptocurrencies ultimately fail, primarily due to declining trading volumes or complete abandonment by their communities.
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