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Top 10 Dead Coins in the top 100?

All Cryptocurrencies

by COINS NEWS 192 Views

So, looking at the top 100 and gathering the hivemind, I think we should compile a list of commonly referred to Coins that are either considered dead (no significant active userbase) or on the downtrend (stagnating / declining active userbase). This does not necessarily have to be correlated to project development but I recon, it often times does.

Right out of the gate I would like to say that both Solana and Cardano have their issues currently, but they also do have a very strong following and active development and therefore won't be included here despite of what you think about them personally. Also I would love to include Memecoins as a general warning but both SHIB and Doge have a very active following despite of what one might think about the coins themselves and therefore do not really fit this list I think.

I will make the start with suggestions and edit according to the top comments on this post: Top to bottom

  1. Litecoin? Was considered being the Silver to BTC's gold but that role has been occupied by ETH long ago and Litecoin has been declining relative to the market ever since. Does still have some hardcore fans but I think the consensus is that it will slowly and steadily fizzle out at some point.
  2. Bitcoin Cash? As per Vitalik, do not really have an opinion on this one. Might also include wrapped bitcoin as it is basically just a representation of bitcoin.
  3. Tron? We all know the stories about Tron and the trading volume has always perplexed me. Something remains fishy about this project and the trading volume cannot be correct with how little the price is moving.
  4. Vechain? Has been hot for most of 2021 but I have not seen any Vechain shills in a long time. Is the project declining as rapidly as the trading volume suggests? No real interest in it anymore?
  5. Ethereum Classic? Some still see it as the OG that might experience a comeback once ETH goes 2.0 ... but I doubt it.
  6. Monero? Might get some hate for this one, but Monero has not made any significant moves in some time and the trading volume is really low for a currency. Definitely has its usecase but might just be a bad investment - also because no compliant exchange is going to be able to list Monero. Secret Network probably is a more regulatory conform solution.
  7. IOTA? I know my fellow IOTA peeps are going to scream in agony, but let's be honest. We were expecting more last year, despite the progress and ongoing staking. If 2022 is not going to see coordicide, IOTA is probably not going to make it.
  8. EOS? The definition of dead. Similarly to Tron suspiciously high trading volumes without moving the price whatsoever. Active users below 5k and most on chain transactions are bots.
  9. DASH? Another OG that has recently reentered the top 100. No clue why, still 80% off of ATH.
  10. ICP? Was mentioned multiple times. I understand the hatred towards it, but in terms of development, ICP is actually ahead of the curve (onboarded way more developers last year than most projects)
  11. BiTTorrent? Is it still in the top 100? Why?
  12. Neo? Any Opinions?

Let me know what you consider dead projects / bad investments for noobs creating their portfolio.

EDIT 1: Backlash on Monero has been significant. I Understood and will change it as soon as the votes are in. Also, this is not a definitive list, otherwise I would not have asked you folks about your opinion. No personal attacks necessary.

EDIT 2: Got rid of Monero. It does have a use case but I still do not think it to be a great investment, personally.

EDIT 3: Scratched Vechain. Seems like many are supporting it still and development is well underway. The decline in market cap and trading volume might be reversed at some point. Still not sure on it being a good investment.

EDIT 4: Bittorrent anyone?

EDIT 5: Removed IOTA because Bittorrent is a better fit - Still the IOTA Foundation has a lot to deliver this year.

EDIT 6: Scrapped Litecoin. I will predict it going further down over the next 10 years, but I am happy to reflect community sentiment - and some are feeling pretty strongly about this one.

submitted by /u/Gods_Shadow_mtg
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