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The year of the great bear of 2018 has beaten all the digital currencies without leaving survivors. Most of them have lost more than 80% from their heights this year last year. Some lost even more and the developers closed the store leaving the survivors to die slowly.
Research undertaken by the Nic Carter encryption analyst has examined fifteen cryptographic resources in January of last year and made bold predictions about their chances of survival. Some of these predictions have come true as projects appear to have run out with value losses of over 95% for some cryptographic tokens.
In a medium post Carter chose a number of altcoins he would have expected to fail the following year. Using criteria such as drawdown over 95% and paralyzed or ceased developer activity, he determined that three of the fifteen criptos were actually dead coins.
These were Bitconnect, Bitcoin Gold and Verge where they lost over 95% since ATH and development seems to have stopped. Raiblocks, renamed as Nano, Veritaseum and Iconomi were also in decline of more than 90% and in various stages of development with some already abandoned.
Those who lost less than 95% with active development and communities including Iota, Dash, EOS, Nem, Augur and Storj. Unfortunately, he concluded that research was an exercise in futility;
"Investigating and reporting them as fraud requires an unreasonable amount of work, without any compensation (you can not borrow a short on something that does not fit in the first 5 or more resources.) In the meantime, some enterprising teams with experience in marketing affiliation and an ERC-20 generator can create a multi-million dollar ICO in a few days. "
In addition to the criteria used, in a site Bitcoin.com has come to the conclusion that the activity of pump and dump is the swan song of a dying altcoin. Using Paragon as an example, the report showed the pump and discharge that occurred yesterday on Yobit when the PRG price rose 6.800% overnight.
According to deadcoins.com PRG has proven to be a scam and has been listed as a deceased. The cryptocurrencies do not actually "die", rather they become zombies and they linger to wallow at 99% depreciation compared to the previous highs.
The 51% attacks are another sign of condemned cryptographic assets, with Verge and Bitcoin Gold as primary examples. XVG fell by 97% while the BTG fell by 96% compared to their respective peaks.
The bear market for a year has had the effect of combing wheat from straw in the crypto world and in 2019 further digital extinctions are planned.
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