Thousands of Coins Listed During the Crypto Boom Have Died
The heyday is over for crypto makers. At least, that’s what it seems as crypto coins and tokens continue dropping like flies.Data aggregator CoinGecko is commonly used to track cryptocurrencies. It defines a “dead coin” as one that has seen no trading activity within the last two months, has been outed as a scam or has requested removal from the CoinGecko database. As of mid-March, CoinGecko reports that 1,866 of the 6,300 cryptos it listed in 2022.
Despite the huge number of cryptos that have disappeared, 2021 was a boom time for the market. Speculative investments like meme stocks took off in early 2021, thanks partly to a massive increase in government spending and lax interest rates. Cryptocurrency was one of the biggest beneficiaries of this trend. During that year the market capitalization of the industry rose from $965 billion to as much as $2.6 trillion, according to a Morningstar analysis of data from CoinGecko. Driving much of this growth was the money flowing into coins like Dogecoin and other trendy, questionable crypto investments like the Omicron token.
Source
https://t.me/Bitcoin_Crypto_Coin_Calendar
