List of In-active crypto coins

Discussion in 'Digital Currencies' started by Golden ChipMunk, Dec 18, 2021.

  1. Golden ChipMunk

    Golden ChipMunk Well-Known Member

    Joined:
    Dec 12, 2012
    Messages:
    7,458
    Likes Received:
    777
    Trophy Points:
    113
    Location:
    Perth, Jupiter, Venus, Mars
  2. Golden ChipMunk

    Golden ChipMunk Well-Known Member

    Joined:
    Dec 12, 2012
    Messages:
    7,458
    Likes Received:
    777
    Trophy Points:
    113
    Location:
    Perth, Jupiter, Venus, Mars
    Source Link
    https://cointelegraph.com/news/top-5-crypto-tokens-pronounced-dead-nem-and-bcc-head-the-list

    "In 2017, the cost of Bitcoin (BTC) reached almost $20,000, and in December 2018, its rate fell to $3,187 per token. Nevertheless, it is a solid price movement for a currency, which was created from nothing about 10 years ago. Bitcoin still dominates the portfolios of most crypto investors and is by far the most popular cryptocurrency, meaning its price is less prone to drops than the rest of the market. This is also indicated by the CoinMarketCap dominance chart. But what about the rest of the cryptocurrencies that have appeared over the past couple of years?

    In 2018, CNBC reported that approximately 800 cryptocurrencies, which appeared as a result of initial coin offering (ICO), can now be called "dead," because they are traded at a price below $0.01. In 2019, this figure continued to increase.

    Resources that specialize in “dead” cryptocurrencies have launched, such as Deadcoins and Coinopsy, according to which, in 2018, about 1,000 different cryptocurrencies failed. Many “dead” crypto projects were scams organized as ICOs and some could not stand the pressure of the bearish market in late 2018. That is how Jay Richler, co-founder of Coinopsy, described to Cointelegraph the huge number of failed coins listed in different exchanges: "

    “Before 2016, most failed due to just making a coin for fun, and then developers just gave up of pulled a small scam or pump-and-dump. After 2016, market got saturated with coins, so exchange listings now cost large amounts of $$$, for example Binance is like 1 million to get listed from memory. So after 2016, it was either well planed scams with funding and marketing or coins that started just didn't have the funding and direction.This is most but not all.”

    “Many of the altcoins most probably to fail for many reasons, but the main reason will be the lack of utility and the use case or overlapping with other altcoin or their use case is already satisfied by BTC or other major coins.”

    "Here are our top-five cryptocurrencies that have been deemed “dead” by some — that turned out to be scams, had low trading volumes for three months or saw a big price drop from which they have not recovered. Some entries in this list may come as a surprise. Therefore, to clarify, in no way is Cointelegraph making a judgement on the well-being of the projects, the subject of this article are the cryptocurrencies and their performance."

    [​IMG]

    please read.....the link....
     
  3. Golden ChipMunk

    Golden ChipMunk Well-Known Member

    Joined:
    Dec 12, 2012
    Messages:
    7,458
    Likes Received:
    777
    Trophy Points:
    113
    Location:
    Perth, Jupiter, Venus, Mars
    “SCAM WARNING — multiple sites claim to let you collect Bitcoin Diamond. They'll steal your assets. Never enter your mnemonic into a third party website.”
     
    AussieHODLer likes this.

Share This Page