- The 2021 bull market saw higher number of project failures.
- Things improved in 2023, with just about 10% of all listed cryptos failing.
Cryptocurrencies have evolved from a lesser-known jargon to a popular financial investment over the years. With the clearance of spot exchange-traded funds (ETFs) tied to the spot prices of world’s largest crypto asset Bitcoin [BTC], the mainstream adoption was expected to accelerate further.
But do you know most cryptocurrencies in general end up failing?
More than half of cryptos have gone into oblivion
According to a study by crypto market tracker CoinGecko, of the over 24,000 cryptocurrencies listed on the platform since 2014, more than 50% have died.
The report revealed that most of the failed crypto projects were launched during the 2020-21 bull market.
This is understandable co
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Author: Aniket Verma
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