Death race: bear market “buried” more than a thousand cryptocurrencies in 2018

The new year is tomorrow, so you can feel at ease to begin to summarize the outgoing 12 months. Yes, as politicians say, this year was really heavy. And especially for Bitcoin. The main cryptocurrency fell by 80 percent, and several times had to break a few psychologically important resistance on the way down.

Altcoins feel even worse. The total capitalization of the stock market fell by almost $ 700 billion. According to analysts from Coinopsy and DeadCoins, hard times “have killed” more than a thousand startups of all sizes. The loudest “funeral” noted the withdrawal of the financial pyramid Bitconnect.

To stay alive

It is noteworthy that these experts are significantly different from each other. For example, in DeadCoins believe that this year has disappeared 934 coins. A similar study by economists conducted in July. Then they counted only 800 dead cryptoprocta.

At the same time, analysts Coinopsy have information only about 483 coins. On the website there is even a detailed definition of what can be considered “dead year”. This category refers to all abandoned projects that have benches, dead web sites, coins with problem wallets or nodes.

In Coinopsy also divided into four categories: dead:

  • dead “joke coin” (17 projects);
  • ICO (113 projects);
  • skam (40 projects);
  • abandoned crypto currencies (313 projects).

On what grounds you can say “death”? If cryptocurrency was below th position in the ranking, its sales volumes do not exceed 1000 dollars, and in the issue tracker, developers do not appear updates. In addition, all this should occur not less than three months.

Source: Neos Kosmos

The Wall Street Journal reporters conducted their own investigation. From 3300 analyzed wallpaperof more than 15 percent of “show signs of plagiarism is a Scam and do not promise any profit at all”.

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