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Crypto projects tokens currently have an average lifespan of 15 months. 90% of blockchain projects with tokens fail. One more reason why chasing 100x alts probably won't work

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by COINS NEWS 57 Views

Crypto projects tokens currently have an average lifespan of 15 months. 90% of blockchain projects with tokens fail. One more reason why chasing 100x alts probably won't work

CoinKickOff performed an analysis of token data. The methodology involves defining dead coins as those with failed ICOs, less than $1000 volume in three months or fraud/scam. From their data they determined that the average lifespan of a token is 15 months. They also determined from 2022's data that 9/10 projects and tokens will fail.

https://preview.redd.it/hjacxrb8504b1.png?1200&format=png&auto=webp&s=d54f3abd044ae1f691d6441481ac99426d5da416

Because of the short lifespan, the older a token/coin is, the more likely it is to fail. Thus, older coins/tokens are much more likely to die. It also speaks to the short term memory and hype/FOMO attitude of traders who chase the new shiny token on the block. 75% of tokens from 2014 are defunct.

This of course shows how fickle traders are and the facts that so many tokens produced are just garbage or badly-thought out. It also proves that the vast majority of those who chase the next 100x altcoins will only be left holding bags.

submitted by /u/OneThatNoseOne
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