As Webtekno, we attach great importance to blockchain technology and believe that cryptocurrencies will somehow become part of the financial sector. However, in almost every news we hear about the rise of cryptocurrencies, don’t get caught up in the fomo and don’t be discouraged by things like leveraged trades without having sufficient financial knowledge. Stay away from high-risk transactions We warn you that it is necessary.

With Bitcoin once again reaching its all-time high, cryptocurrencies began to occupy the agenda once again. In this news we will talk about a report that reminds you why you should stay away from the advice ‘Sell the house and car and press the coin’. Because according to the report that Alphaquest and Storible put together, it has been released since 2020. 72% of altcoins are gone. In other words, while some cryptocurrency projects increased their value hundreds or even thousands of times, the majority were completely eliminated from the market.

93% of projects launched in the previous bull season had low transaction volume and liquidity issues

Alphaquest during research more than 12,000 He states that he has conducted an extensive analysis of the cryptocurrency project. The ‘extinction criteria’ for cryptocurrency projects were determined as ‘low transaction volume and liquidity’, ‘inactive or deleted X accounts’, ‘closed websites’ and ‘removal from Coinmarketcap’. Number of cryptocurrency projects that meet these criteria 8,854 It was announced as.

Cryptocurrency projects considered ‘dead’ 93%, low transaction volume and had liquidity problems. This shows that cryptocurrency investors’ interest in these projects is decreasing. In addition, the websites of almost half of these projects were closed and the cryptocurrency was removed from the Coinmarketcap list.

In summary; Cryptocurrency Projects Launched ‘Enthusiastically’ During 2020-2021 Bull Season More than 2/3 of them were not seen again in the future and the projects literally died.