Posted 3/10/2024, 12:31:00 PM
Report: 72% of Recent Crypto Projects Now Defunct As Bitcoin Dominance Rises
- 72% of crypto projects launched since 2020 are now dead, per a report from Alphaquest and Storible
- Bitcoin's latest price rally to all-time highs may help spark an altcoin revival
- Crypto market cap hit a record $2.58 trillion on Friday thanks to bitcoin and altcoins
- Bitcoin's dominance as top crypto could increase from 50% to 55-60% market share in 2024
- Investors may focus more on early-stage crypto projects as appetite for risk increases