The past two years have been brutal for the majority of altcoins to say the least. One statistic has been positive however, and that is fewer crypto projects ‘died’ in 2019 than in 2018.
2019 Not as Bad For Altcoins
Bitcoin was the clear king of the crop in terms of performance during 2019. Only a handful of altcoins such as Binance Coin, Tezos, Chainlink and HT managed to surpass it in terms of gains.
New research by LongHash has revealed that as bad as last year was, 20% fewer crypto projects bit the digital dust compared to 2018.
The study delved into DeadCoins.com which has collated data on 1,840 crypto projects that have died since September 2017.
According to its data, there were 518 blockchain project demises in 2019 which is down from the 647 crypto projects which became a memory in 2018.
The determination of a ‘death’ is derived by categorizing cryptos as Deceased, Hack, Scam or Parody. The majority of projects it deemed dead fell into the scam category, and of those there have been quite a few. Almost 60% of dead…