Bitcoin Continues To Thrive Versus Crypto – Bitcoin Magazine

A recent report by CoinKickoff demonstrates the failures of various altcoin projects throughout the years, and how bitcoin is the standout survivor. 

According to their data, 91% of the coins that were present for the 2014 cryptocurrency market crash are now entirely abandoned. A large portion of coins that are now dead were created in 2017, with 704 now-dead coins being created that year. The crown for the single most deadly year in cryptocurrency history goes to 2018, during which 751 coins became defunct.

A visualization created by CoinKickoff illustrates just how many of these projects came and went, along with their respective reasoning for failure. Reasons include being a scam or other related issues, being a joke or having no purpose, being an ICO or short-lived scheme, or simply running entirely out of volume. 

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