Are You Holding on to dead crypto coins?

In fact, it’s likely that many investors may be holding on to dead crypto coins. What Are Dead Coins? Dead coins are digital assets of projects that have been abandoned, turned out to be scams, have low liquidity or have insufficient funding, among many other reasons.

What is a dead coin?

A coin is termed dead if, within the last three months, the coin’s trades are worth less than $1000. Additionally, cryptocurrencies whose official websites are offline are considered dead. Currently, there are over 1600 dead coins, and the number keeps rising as new cryptocurrencies join the market.

How do you know if a cryptocurrency is dead or abandoned?

Platforms tracking dead coins consider a cryptocurrency dead or abandoned if it has had a trading volume of less than $1,000 within three months. These are projects without a concrete plan, yet they still seek investments, sometimes getting unexpected interest way over what they had intended.

What is a crypto coin?

These crypto coins have their own blockchains which use proof of work mining or proof of stake in some form. They are listed with the largest coin by market capitalization first and then in descending order.