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A new study highlights that the memetic token Dogecoin (DOGE) has outlived most of the other crypto assets created in 2014.
according to the new study According to crypto-focused site CoinKickoff, 91% of digital assets created in 2014 are now defunct due to a lack of interest.
However, according to research, DOGE was able to survive and carve out its own niche in the market.
To reach this conclusion, CoinKickoff compiled 10 years of data on 2,400 invalid crypto assets found on dead coin tracking service Coinopsy and compared them to CoinMarketCap’s annual snapshot of each asset.
According to our data, 91% of the coins launched in 2014 eventually disappeared due to reduced trading volume or abandonment. Many opportunistic attempts to
Dogecoin is trading at $0.086 at the time of writing and is currently the 9th ranked crypto asset by market capitalization.
The study also shows that around 75% of tokens created in 2014 have completely disappeared and are no longer in circulation, while only 16 digital assets have been abandoned since 2020.
Our research shows that more than half of all coins introduced each year between 2013 and 2018 no longer exist. More than three-quarters (76.5%) are now dead
However, recent trends suggest that the currency has lost interest less frequently since 2020, with only 16 coins removed from the market due to lack of investment. ”
The report also called 2018 the deadliest year for cryptocurrencies, with 751 tokens retired.The study also noted that 30% of these cryptocurrencies were scams. increase.
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