Erik Weijers, 22 days ago
Not all new crypto coins make it past their infancy: quite a few of them get abandoned within the first few years of their short lives. These failed experiments come in waves, as is shown by analysis from CoinKickoff. Especially 2014 and 2017 were bad years for new coins, at least from the perspective of longevity.
For its research, CoinKickoff used Coingecko data and cross-referenced these with data from Coinopsy, the database that lists dead coins: coins that were once launched but are no longer active. More than 12 thousand coins still exist, but a significant percentage are already abandoned and forgotten. Especially the cohort that was launched pre 2015 has suffered greatly: the majority of those is no longer with us.
How does a coin die? There can be numerous reasons. From outright scams to developers who move on to other projects. But coins can also be delisted and no longer traded anymore. CoinKickoff used as a volume criterion: less than $1,000 in trade volume over a three-month period.
Some important findings:
The average life span of a coin is short: only fifteen months. That is especially important to be aware of if you invest in a recently launched coin. On the other hand, if you invest in a coin that has survived its infancy and has reached already let's say the age of five, you'll probably have to worry less about sudden death. Another thing to notice is that the percentage of failed projects seems to be going down. It remains to be seen, of course, what the effects of the crypto crash of 2022 will be.
Feb 07, 2023
Ethereum's Shanghai upgrade, expected next month, will finally allow people to withdraw staked ETH. Ethereum developers have been working around the clock to complete the upgrade. In anticipation, liquid staking solutions like Lido are doing well. Let's find out why.
Feb 03, 2023
Each project has so-called tokenomics, and they are a driving factor when it comes down to growth in price and user base. Shiba Inu is waiting for the launch of Shibarium and while the community is already excited, other trends are worth paying attention to.
Feb 01, 2023
Today was the big day and the Fed once again set the direction for the markets. What is the result of today’s FOMC meeting and how did it affect crypto?
Jan 30, 2023
We have a big week for markets ahead. On Wednesday, the Fed will announce their interest rate decision for February. Also this week: the major tech companies will announce their earnings, and on Friday, US job reports will be released. All these events will be valuable input for the stock and crypto markets to reassess price levels.