CoinGecko: More than 40% of cryptocurrencies placed last year left the market
In 2021, over 8,000 cryptocurrencies were listed on the CoinGecko website. This was facilitated by the growth of their value. Since then, 3,300 cryptocurrencies have been deactivated or delisted, and the crypto world has experienced one of the biggest recessions in its history.
According to CoinGecko, the capitalization of the cryptocurrency market has decreased by almost 3.5 times: from $3 trillion to $866 billion. At the same time, such a rapid fall does not mean that the blockchain ecosystem has undergone any significant structural changes, analysts emphasize.
In accordance with the rules of CoinGecko, the cryptocurrency can be removed from the site due to a lack of activity for two months or if it is confirmed that the project is a fraudulent scheme.
