Mr4Beast

2024/02/25 18:56

Cardano Dealt Huge Blow As New Research Shows ADA

Recent research conducted by AlphaQuest Research establishes that Cardano (ADA) is one of the leading ecosystems with dead or failed coins in the past couple of years.

Cardano: Dead Coins King
According to a recent report from AlphaQuest, Cardano is a top network in terms of dead coins in 2024. The study found that 74% of Cardano-based projects had ceased to exist.

To classify projects as dead coins, the researchers utilized criteria such as low trading volume and liquidity, dormant or deleted X accounts, and websites that were no longer active. As such, blockchains with over 50% failed projects are dubbed as dead. Besides Cardano, Terra also experienced a similar 74% rate of project failures.

AlphaQuest noted that the majority of cryptocurrencies that debuted during the 2020-2021 bull market had since become defunct. This suggested that 2021 was quite a challenging year for new cryptocurrency projects.

#Hit March's Interaction Leaderboard#Win 200 USDT: Share Your Plan to Save Ethereum#A major upgrade of Vasil hard fork for Cardano

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