About 4 years ago I've mined about 80 new altcoins shortly after they were announced here.
I've gone through the wallets and the statistics of survivability are:
- Only one of them took up nicely (DASH) and is now valuable.
- About 8% of them sort of survived and gained some small value (not much though ...)
- about 40% of them are alive, but their value is dwindling. Probably they will die off sooner or later
- The rest (about 50%) are now dead.
Note that then and now is a bit different (there were no Scrypt ASICs, less miners in general, more traditional PoW coins and less premine/PoS/ICOs), so as the market is a bit saturated, I guess survivability of a coin born today would be probably worse than 4 years ago, unless the coin would now come with some killer feature or some form of mass advertising itself.
Very interesting statistics I've gone through the wallets and the statistics of survivability are:
- Only one of them took up nicely (DASH) and is now valuable.
- About 8% of them sort of survived and gained some small value (not much though ...)
- about 40% of them are alive, but their value is dwindling. Probably they will die off sooner or later
- The rest (about 50%) are now dead.
Note that then and now is a bit different (there were no Scrypt ASICs, less miners in general, more traditional PoW coins and less premine/PoS/ICOs), so as the market is a bit saturated, I guess survivability of a coin born today would be probably worse than 4 years ago, unless the coin would now come with some killer feature or some form of mass advertising itself.
I think this ratio will be in the future. Everything depends on the developers of the cryptocurrency. If they have serious intentions, then their cryptocurrency will develop.