Market has to decide what is the more urgent innovation. Is it blockchain? Is it decentralization? Is it digitized store of value? Etc…They’re not all one and the same.
Almost everything I used to **** with is completely gone.
What a garbage article but what else would one expect from /r/cryptocurrency
This shitty article is comparing alts prices against their ATH after it’s been clear BTC prices were highly manipulated during that time.
Next up: Bitcoin.
Doesn’t surprise me, we saw the same thing happen from 2013-2016. Remember the altcoins on the top of Coinmarketcap back then. Peercoin being one of them, which was revolutionary back then for inventing Proof Of Stake.
Truth. I looked back at “Hot” cryptos from 2018 and 80 percent have dead web sites.
Some of these shitcoins I owned. It makes me look at the new FOMO with a sharper eye.
And fewer investments.
Is there a list somewhere of dead/dying coins? A list of coins that have exit scammed or are blatant scams would be a great resource for people new to the space.
Trying to quantify how alive or dead a coin is based on a single event where price spiked for a very brief period of time is not a very good indicator. The mania phase at the end of 2017 distorted price, and won’t tell you anything about how crypto is doing right now. Dumb article.
Dash in the Trash.
We almost doubled in number of shitcoins in just mere months.
Wow, who would’ve thought!
3000+ total is still far too many, it needs to be like less than 30% of that haha
Cardano is 96%+ down? Not 60%.
Anyway % down doesn’t always correlate to dead projects.
They are generously described as “cryptocurrencies” that have ever lived in the first place.
I bet 99% of the 4800+ cryptocurrencies will die.
Good. Has to happen. So many terrible projects.
Poor article. That’s really no news that almost all projects are currently far from their all-time high. But it’s hardly a meaningful indicator of how alive or dead a particular project is.
Better indicator are:
* How much meaningful code does the dev team commit weekly?
* How active is the community (reddit/twitter/project forum)
* Third parties which use the solution (willingly, not purchased partnerships)
Drain the swamp
Yep, and top 20 projects by market cap will be very different in few years too.
99% of all species that ever lived on the planet are extinct.
Interesting. So BCH is down but BSV is up despite the fact that the quoted ATH for BCH is when BCH and BSV were the same thing.
Markit is just cleaning itself. Shitcoins must die, sorry
Remarkable how many old school coins that were supposed to be done came roaring back in 2017 to establish all time highs. What matters is if the projects themselves stay active.
Shaking out the weak projects!
Let the purge continue )
That’s an article with a rather trivial message that you can put into a single sentence, telling something most people know already: “Most cryptocurrencies are down around 90% from all-time high”.
And that number is not “rising greatly”, those drastic price falls happened already quite some time ago, and now it’s mostly “sideways” as far as price movements are concerned.
And anyway, for me a cryptocurrency is not dying simply because the price sinks drastically. It’s only dead only if nobody adds blocks to the blockchain anymore. And here we have the real mass extinction still before us, most blockchains seem to hang on so far.
Long been predicted, and will go a long way toward providing legitimacy to the market. 2017 in crypto was the internet circa 1998. Now we’re about to get serious.
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