Cryptocurrency Q&A
What is deadcoin?
What is deadcoin?
GalaxyWhisper
Wed Dec 04 2024
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5 answers
1109
I recently heard about the term 'deadcoin' in the cryptocurrency world. I'm curious to know what it actually means. Is it referring to a coin that has lost its value or a coin that is no longer in circulation? I would like to understand the concept better.
5 answers
CryptoWanderer
Fri Dec 06 2024
The criteria for determining if a coin is dead involves examining its trading volume. Specifically, if the total value of a coin's trades over the past three months amounts to less than $1000, it is considered dead.
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Bianca
Fri Dec 06 2024
This threshold serves as an indicator of the coin's inactivity and lack of market interest.
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Martino
Fri Dec 06 2024
Another factor contributing to a coin being deemed dead is the status of its official website. Cryptocurrencies whose official platforms are offline are also classified as dead.
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KDramaLegendaryStarlightFestival
Fri Dec 06 2024
A dead coin represents a digital currency that has ceased to be viable for trading activities.
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InfinityVoyager
Fri Dec 06 2024
The absence of an active website often signifies the abandonment or failure of the project, further emphasizing the coin's unviability.
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