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Over 50% of cryptocurrencies listed on CoinGecko since 2014 have died, with 2021 projects experiencing the highest failure rate, research indicates. 
Recent data compiled by <a href="https://crypto.news/tag/coingecko/" target="_blank" rel="noreferrer noopener">CoinGecko</a> showed that more than half of the cryptocurrencies ever listed on the platform since 2014 have died. According to the <a href="https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed" target="_blank" rel="noopener">report</a>, out of the 24,000 cryptocurrencies, a staggering 14,039 are now defunct. 
The majority of these deceased digital assets emerged during the 2020-2021 bull run, CoinGecko says, adding that a substantial 53.6% of the dead cryptocurrencies, totaling 7,530 projects, originated at the time. The preceding bull run in 2017-2018 saw over 11,000 projects listed, with approximately 70% of them now shuttered. 
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 <img loading="lazy" decoding="async" width="383" height="392" src="https://crypto.news/app/uploads/2024/01/oidjgoidfjg.png" alt="Over 50% of tokens listed on CoinGecko since 2014 have died, data shows - 33" class="wp-image-14238292">
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 The number of cryptocurrencies technically died since 2014 | Source: CoinGecko
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A closer look at the numbers reveals that 1,450 projects launched during the 2017-2018 bull run have ceased operations, echoing a comparable failure rate of about 70%. Analysts at CoinGecko suggest that the surge in dead coins during the 2020-2021 period can be attributed to the simplicity of coin deployment and the proliferation of <a href="https://crypto.news/tag/memecoin/" target="_blank" rel="noreferrer noopener">meme coins</a>. As a result, many meme coin projects, suffering from a lack of a tangible product, faced abandonment shortly after launch, CoinGecko’s Research Associate Shaun Paul Lee said. 
The most noticeable setbacks appear to be among cryptocurrencies launched in 2021, with a staggering 5,724 failing as of January 2024. This marks a grim milestone, as over 70% of 2021-listed cryptocurrencies have died. 
Following closely, cryptocurrencies listed in 2022 have suffered a 60% failure rate, with 3,520 projects shutting down. In contrast, only 289 out of over 4,000 cryptocurrencies listed in 2023 have met a similar fate, representing a failure rate of less than 10% and signaling a significant decline in comparison to previous years, according to the data. 
 Read more: <a href="https://crypto.news/coingeckos-x-accounts-breached-by-hackers/"> CoinGecko’s X accounts breached by hackers </a>

Over 50% of tokens listed on CoinGecko since 2014 have died, data shows

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