These graphics from CoinKickoff break down and visualize the number of failed crypto coins by year (2013-2022).
Ever since the first major crypto boom in 2011, tens of thousands of cryptocurrency coins have been released to market.
And while some cryptocurrencies performed well, others have ceased to trade or have ended up as failed or abandoned projects.
As Visual Capitalist’s Aran Ali and Pallavi Rao detail below, these graphics from CoinKickoff break down the number of failed crypto coins by the year they died, and the year they started. The data covers a decade of coin busts from 2013 through 2022.
What is the marker of a “dead” crypto coin?
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This analysis reviewed data from failed crypto coins listed on Coinopsy and cross-referenced against CoinMarketCap to verify previous market activity. The reason for each coin death was also tabulated, including:
- Failed Initial Coin Offerings (ICOs)
- Abandonment with less than $1,000 in trade volume over a three-month period
- Scams or coins that were meant as a joke
According to Worldometer, the global energy consumption of Bitcoin mining alone is estimated at around 0.59% of the world’s energy usage.