{"id":9816,"date":"2024-01-15T16:55:00","date_gmt":"2024-01-15T14:55:00","guid":{"rendered":"https:\/\/forklog.com\/en\/over-half-of-cryptocurrencies-tracked-by-coingecko-have-failed\/"},"modified":"2024-01-15T16:55:00","modified_gmt":"2024-01-15T14:55:00","slug":"over-half-of-cryptocurrencies-tracked-by-coingecko-have-failed","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/over-half-of-cryptocurrencies-tracked-by-coingecko-have-failed\/","title":{"rendered":"Over Half of Cryptocurrencies Tracked by CoinGecko Have Failed"},"content":{"rendered":"<p>Of the 24,000 cryptocurrency projects listed on the CoinGecko aggregator since 2014, 14,039 have ceased to exist.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Ever wondered how many cryptocurrencies have failed?<\/p>\n<p>Our study shows that over 50% of all cryptocurrencies have died. Of the over 24,000 cryptocurrencies listed on CoinGecko since 2014, 14,039 have died.<\/p>\n<p>Read the full study: <a href=\"https:\/\/t.co\/idaxCf0SWH\">https:\/\/t.co\/idaxCf0SWH<\/a> <a href=\"https:\/\/t.co\/GFjERHU4co\">pic.twitter.com\/GFjERHU4co<\/a><\/p>\n<p>\u2014 CoinGecko (@coingecko) <a href=\"https:\/\/twitter.com\/coingecko\/status\/1746838681221218625?ref_src=twsrc%5Etfw\">January 15, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The majority of these &#8220;dead&#8221; projects were launched during the bull run of 2020\u20132021, accounting for 7,530 cryptocurrencies or 53.6% of the total. <\/p>\n<p>CoinGecko experts attribute these figures to the popularity of initial coin offerings and meme tokens.<\/p>\n<p>The most unsuccessful year for startups was 2021, with 5,724 or over 70% of projects shutting down. This was followed by 2022, which saw 3,520 failures (~60%).<\/p>\n<p>Of those launched in 2023, as of January 2024, 289 projects have failed (less than 10%).<\/p>\n<p>In compiling the report, CoinGecko experts considered not only outright scams but also closed illiquid projects and cryptocurrencies that have shown no trading activity in the past 30 days.<\/p>\n<p>In November 2023, CoinGecko analysts reported the closure of 75% of GameFi projects since the segment&#8217;s inception.<\/p>\n<p>According to the Big Blockchain Games List, nearly a third of blockchain games ceased to exist last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Of the 24,000 cryptocurrency projects listed on the CoinGecko aggregator since 2014, 14,039 have ceased to exist. Ever wondered how many cryptocurrencies have failed? Our study shows that over 50% of all cryptocurrencies have died. Of the over 24,000 cryptocurrencies listed on CoinGecko since 2014, 14,039 have died. Read the full study: https:\/\/t.co\/idaxCf0SWH pic.twitter.com\/GFjERHU4co \u2014 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9815,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1098,167,1246],"class_list":["post-9816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-coingecko","tag-research","tag-scammers"],"aioseo_notices":[],"amp_enabled":true,"views":"33","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/9816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=9816"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/9816\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/9815"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=9816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=9816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=9816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}