Post
Topic
Board Altcoin Discussion
Re: Coin or project dies? When and how?
by
Jackl87
on 03/09/2021, 10:37:40 UTC
We all know that Some coins prpjects not make it long
They die so what the main reasons?
And how far the coin will go even if its bad project?
Let's Say you buy very low cap coin but most of them will reach top 20 coins.
Look at the fact how Fast ada uni and aave went to top 20-30 coins.

Question is Where will be end?  Can the top 10 or 20 coins disapeare? 

So are there average statistics how far the coin goes Before it dies?


There are many reasons why a project can die. The first one would be that the project was always designed form the start to just be a quick cash grab for the team, so they just hopped on the current hype that is happening at the moment like Defi, NFT or play-to-earn games then they quickly created a website imagined a roadmap that is based on nothing and just launch the project on Uniswap or pancake swap and hope that they find a few poor fellas that ape in. After a few weeks it will be probably become obvious that the team is not delivering what they promise and the project will die.
To one of your other questions: I don't think that a project that is currently in the top 10 or 20 can really completely disappear anymore because those are all multi-million-dollar projects already so the only way that they would disappear would be a epic scam or a massive event like a hack or a critical error in the blockchain code or something.