#Bitcoin, not crypto!
Dead Coins: How Many Cryptocurrencies have Failed?
https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed
3,322 cryptocurrencies that were listed on CoinGecko in 2021, have failed (categorized as a dead coin).
The last bull market run that started in November 2020 saw a spike in cryptocurrencies listed, with more than 8000 cryptocurrencies listed in 2021. As of today, nearly 40% have been deactivated and delisted from CoinGecko.
This is 2.5 times higher than the amount of cryptocurrencies listed in 2020 that failed, and 3.5 times higher than 2022 YTD.
On average, 947 cryptocurrencies listed each year end up failing
Excluding the anomaly year of 2021, an average of 947 cryptocurrencies listed are dead and end up failing in the last five years, between 2018 to 2022.