Bitcoinist.net:

how many low volume altcoins will die in 2020?

In order for a crypto asset to be attractive to traders it needs to have liquidity. Without any daily volume there is nothing really to trade and recent findings indicate that 95% of altcoins fall into this category.


Dying Altcoins in The Thousands

Even with today’s minor dip, bitcoin dominance is still holding above 70% according to Tradingview.com. This means that, yet again, the altcoins are getting punished.

2019 has been a terrible year for altcoins, with the majority of them ending the year lower than they started it. Next year could be even worse for the majority of them as liquidity and volumes fall dramatically.

Earlier in the year, crypto analyst, Willy Woo, looked into the liquidity of altcoins and discovered that as many as 99% of them were illiquid.

Today, The Block’s research director, Larry Cermak, has continued…

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Source: https://bitcoinist.com/how-many-low-volume-altcoins-will-die-in-2020/