Posted 1/16/2024, 3:30:42 AM
70% of Cryptos From 2017 Bull Run Now Failed, While Memecoins Captivate Despite High Failure Rates
- 70% of cryptos launched in previous bull run (2017-2018) have failed and are no longer actively trading
- Of over 24,000 cryptos listed on CoinGecko since 2014, 14,039 are now dead
- Cryptos launched in 2021 saw lowest success rate - 5,724 are no longer trading
- Memecoins like Dogecoin can see massive gains during bull runs despite high failure rates overall
- Crypto hype and Elon Musk's promotion have fueled interest in Dogecoin, though long-term viability is uncertain