I wonder how many ICOs failed and those projects died.
How Many Cryptocurrencies Have Failed?Why Do Cryptocurrencies Fail?
Saturated market.
Lack of liquidity.
Inexperienced teams.
Scams.
Lack of monetization.
Every cryptocurrency project requires funding to remain operational. Early funds are often used to pay for developers and marketing so that a project can get off the ground. Thanks to Initial Coin Offerings (ICOs) and incubator platforms it has never been easier to generate funding for a project from both private and public investors. However, private and public investors need to eventually see returns from an initial investment. If a project fails to generate lucrative profits, investment funds can quickly be pulled and a crypto project can easily fall by the wayside.
They have incapable teams to develop products, use cases, utility and bad management for their project operation. Cost its up total fund they raised and they abandoned those projects.