91 % of the 2014 cryptocurrencies are dead

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Two weeks after the beginning of the year, the cryptoma markets recover. The Bitcoin and Ether Prize have increased by about 20 % on the seven-day chart. But a recently carried out study on altcoins aims to give crypto investors a break before they trade the rally.

When the market makes such a movement, crypto dealers often mix. They do trades to make profits, make sure it is covered or to enter into long positions Coin. You think that you will win the next.

This can lead to an increase in volatility on the crypto -car markets. In addition, retailers anticipate the movements of the other. As a result, the market with self -fulfilling, short -term expectations can become increasingly volatile. Even if this may seem complicated, the crypto trade is a sky-wide difference in the ROI.

There are a wide range of risks and rewards

While, for example, the top 3 cryptos after market capitalization increased by 20 % in the past week, some old coins have increased the following: Cardano (ADA) increased by 26 %. Solana (Sol) increased by 70 %. Avalanche (Avax) increased by 42 %. Lido Dao (LDO) rose by 42 %. Aptos (apt) shot 94 % up.

Cardano has increased because the fundamental data from ADA have increased in volume. The TVL (Total Value Locked) is skyrocketed. TVL in Cardano for staking rose suddenly in January. The trade in its defi protocols is also swollen. There are also rumors about a new ADA tablecoin and a developer toolkit for the ADA provision of custom sidechains.

Meanwhile,

Citi notes that the blockchain activity of Solana is high. AWS has received a partnership with Avalanche to make its blockchain solutions available to companies and governments.

lido dao drives ahead in an exciting race with Makerdao. The Solana competitor Aptos cuts off well because the investors are enthusiastic about his quick throughput.

It is easy to understand why it is tempting to buy old coins. But before you pull out your credit card with your eyes full of large numbers with dollar signs, don't forget to pay attention to the disadvantages. While her main investment could increase by 35 or 84 % in a week, it could also disappear just as quickly.

91 % of the cryptos introduced in 2014 are gone

A recently carried out study showed that 91 % of the cryptos introduced in 2014 no longer exist. 704 Now dead cryptocurrencies were published in 2017. And 2018 was the worst year of the extinction of crypto, with 751 coins that fell victim to their owners:

"We have checked data on over 2,400 dead coins of Coinopsy and data about the current status compiled by everyone.

The study found some joint topics in dead coins: fraud, jokes, short -lived ICOs and those that were abandoned or had no volume. Here are some red flags that you should pay attention to, based on past failed cryptos: how to avoid crypto rug pulls. And here are six suggestions on how to avoid defi fraud.

However, it is worth noting that the number of failed cryptos should by no means give the impression that cryptocurrencies are particularly risky or difficult. This is a failure rate similar to in the entire economy. New restaurants have a similar failure rate. New websites died during the DOT Com-era and still do it.

This sales also goes beyond trade. Most of most systems are the result of a small minority of the system factors. Crypto is hardly unique in this regard.

That doesn't mean that crypto is too difficult or too risky to learn how to use it. But it underlines how important it is to stay informed, take it seriously and know what to do.

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