According to a recent report by AlphaQuest, Cardano is among the top chains hosting “Dead Coins.” The research group analyzed over 12,000 crypto projects, arriving at some crucial conclusions, including the death of most of those projects.
In a recently uploaded video, an Altcoin Buzz host analyzed AphaQuest’s report, revealing that 72% of all crypto projects created during the 2020-2021 bull run have died. The analyst noted that Cardano and Terra ecosystems are among the top 10 categories with the most dead coins. He further revealed that the average lifespan of most crypto projects lasts only three years.
Notably, AlphaQuest classified the crypto projects using four distinctive criteria. They include low trading volume/liquidity, inactive/deleted X accounts, down websites, and delisting from CoinMarketCap.
Further details from the AlphaQuest report showed that most projects under review died in 2023. With nearly 60% of the dead coins going extinct last year, it qualifies as a critical year for crypto projects in the current cycle. During this period, 93% of the projects had low trading volume and low liquidity, with 58% having a deleted or inactive X account or website.
