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    Home » LongHash Deadcoin Analysis – What Kills Crypto Projects?

    LongHash Deadcoin Analysis – What Kills Crypto Projects?

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    By BlockchainJournal on October 13, 2019 News, Price Analisys
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    Representatives of LongHash analyzed Coinopsy data on 700 already "dead" crypto projects. Researchers reviewed project performance over an 8-year period and talked about the most common reasons why they were unable to continue further climbing.

    The most common reason is the “death” from the fact that the project simply turns out to be abandoned over time. Investors stop trading tokens and indicators fall to zero. Such a fate befell 63.1% of all projects.

    The next large group of projects that have disappeared from view includes scam. Fraudulent projects accounted for 29.9%, most of which were launched in 2017 during a bullish move.

    мертвые крипто-проекты

    Interestingly, it was also possible to establish the names or rather nicknames of users who accounted for the most “dead” crypto projects. So, the user Bitcointalk under the nickname "Crunck", as well as "Daniel Mendoza" has three different fraudulent projects.

    Another category of projects is startups, which failed during the ICO or which initially had no serious intentions for the future, that is, such projects as AnalCoin, BagCoin, BieberCoin.

    It’s actually difficult to say how many “dead” crypto projects exist – perhaps it all depends on what is meant by the word “dead”. For example, Cointopsy now has 705 such startups, and DeadCoins defines 1,779 “dead projects”. Meanwhile, according to data from CoinMarketCap, the trading volume of more than 1,000 projects is less than $ 1,000 per day, which classifies them if not in the category of “dead”, then in the group of those who are “on the verge of extinction”.

    мертвые крипто-проекты

    It was also possible to establish the approximate life span of various projects, the “long-livers” were those projects that over time were launched – 1.7 years, scam projects can last an average of 1.6 years, comic projects – 1.4 years.

    CoinMarketCap Cointopsy Fall Featured ico LongHash
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