The number of cryptocurrencies on the market lies somewhere above 2,000. This should be a clear signal that the sector is booming, but the numbers are deceptive. According to a CNBC report, more than 800 of those are essentially dead—that is, they’re worth less than a penny.
Read moreHas any crypto crashed?
In January 2018, the 2018 Cryptocurrency Crash (also known as the Bitcoin Crash or the Great Crypto Crash) began, resulting in the sale of practically all cryptocurrencies . Bitcoin’s price plunged by roughly 65 percent in January and February 2018 after a spectacular increase in 2017.
Read moreAre there any cryptocurrencies that have failed?
1. Ethereum’s DAO . The Decentralized Autonomous Organization crypto’s failure is probably the most historic because people had such great expectations about it. The DAO came into existence in 2016 and immediately reverberated across the market.
Read moreWhy do crypto projects fail?
“Crypto projects tend to fail when they don’t gain any traction or build a strong community following . Even weak crypto projects can survive when they are able to build a loyal community following.30 Kas 2021
Read moreHow many crypto projects have failed?
There are over a thousand cryptocurrencies that have failed in the market. The majority of people can attest to the popularity that the digitized currency has brought.
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