Predicting the Cryptocurrency Dead List Within the Next 12 Months
The Indian government's ambiguous stance on cryptocurrencies has created a climate of uncertainty. While the winter session of parliament ended without clear guidelines, several speculations have emerged. Some fear a total ban on private cryptocurrencies, while others suggest increased regulation through the Security Exchange Board of India (SEBI) and mandatory trading through Indian crypto exchanges. The future remains uncertain, but one thing is clear: the market for cryptocurrencies is evolving, and not all will survive.
Speculations have led to many people asking which cryptocurrencies will cease to exist within the next 12 months. Market volatility and the nature of the underlying projects play significant roles. The following paragraphs discuss which cryptocurrencies are likely to sunset due to their lack of real-world usage or slower adoption rates.
One common sentiment among enthusiasts is skepticism. Some view the entire cryptocurrency space as a Ponzi scheme or a bubble set to burst at any point. However, optimistic investors continue to hold onto popular projects like Bitcoin (BTC), Ethereum (ETH), EOS, and Binance Coin (BNB).
Identifying Weak and Centralized Coins
The landscape of cryptocurrencies will likely undergo significant changes in the coming months. Based on historical patterns and project quality, several altcoins are expected to fail. These coins often lack substantial community support, robust technology, or unique value propositions.
Outright Scam Coins:
HC Veritaseum (already out of the Top100) WINCOIN (already dead) Bitcoin Gold Bitcoin Diamond Linkey (already out of the Top100)Weak Altcoins:
Litecoin Dogecoin NEM (considered dead)Extremely Centralized Coins:
EOS (permissioned and non-trustless) Stellar (permissioned and non-trustless) NEO (permissioned and non-trustless) Lisk (permissioned and non-trustless) Ark (already at rank 149) TRON (very sketchy and centralized) Mixin (already at rank 200) Tezos (low scalability and not yet production ready) Bitshares (old and not gaining much love) Ontology (permissioned and non-trustless) Verge (privacy coin without privacy) Populous (narrow use range) Steem (abandoned)Chances of Survival
Among the top 100 cryptocurrencies, several have a higher likelihood of surviving due to their strong fundamentals, market presence, and innovative technology.
Coins Likely to Survive:
Bitcoin (still too big to fail) Bitcoin Cash (still too big to fail) XRP (still too big to fail, non-trustless but centralized) Ethereum (too big to fail, with Casper, Raiden, Plasma, Sharding) Matic, Cosmos, and Algorand (supported by Binance) IOTA, Holochain, ZIL, Elastos (near unlimited scalability and decentralization) Cardano (somewhat centralized but with stake pooling) ICON (decided to decentralize with PoS) BNB (part of Binance, the biggest crypto exchange) UNU SED LEO token (fee tokens of Bitfinex, useful for larger exchanges) WeChat Chainlink ZRX) Aeternity (interesting implementation of Bitcoin NG) BAT (11 million users in 8 months) DNT (11 million users in 8 months) Siacoin (good tech with competitors) Synthetix (80M locked on platform) Maker (useful stable coin) Nano (good fundamentals) Golem (good tech, with good competition) Augur (interesting use case, 1M bets online) Swipe (wallet with several hundred thousand users, has revenue)Conclusion
Based on the current landscape, the consensus among experts is that close to 64 coins out of the top 100 have weak fundamentals and are more likely to be purged. However, 36 coins still hold decent fundamentals, presenting a strong ratio. As the market evolves, stay informed and consider holding coins with substantial community support and robust technology.
Stay tuned for updates and further developments in the cryptocurrency market.
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