A recent research report has shown that more than 50 percent of cryptocurrencies have died since 2014.
The report pointed out that over 24,000 tokens were launched from 2014 to 2023, and 14,039 of them have become deactivated.
The crypto market experienced the highest amount of failure in the cryptocurrencies listed in 2021, with 5,721 tokens having shut down until January 2024.