Post
Topic
Board Altcoin Discussion
Re: Dead Coins: Over 50% of Cryptocurrencies Have Failed
by
Mehedi72
on 27/03/2024, 22:31:33 UTC
Huge numbers. 7,530 cryptocurrencies launched in 2021, were scam  Cause 2021 was the year of bull run. Many people joined Crypto market for bull run as if they could make some profit! And scammers also took advantage and promote their fake and shitcoins among people as if those would make people rich but after end of bull run, they scammed and run away. I believe such thing will happen again in 2024 as bull is excepted in this years. So need to careful

Projects that eventually die or are scams take advantage of the moment that occurs in the bull market to attract more investors to become victims.
I don't know what everyone feels, but maybe the situation where there are quite a lot of new projects at a time when ICOs are very popular is the most difficult time when you see the community and market finally filled with talk of scam projects.
I don't know if that will happen this year when there is quite a lot of Bitcoin-related buzz in the community.