What is your take on 'more than 800 cryptocurrencies
are dead'?
It’s definitely true.
Right now, there are around 1,500 cryptocurrencies
that have managed to list on exchanges and get some kind of traction.
Out of those 1,500, there are 500 that are true
shitcoins, 500 average coins, 400 good coins, 90 very good coins and 10
world-class coins.
Let’s look at the 5 different categories. Have a
look at the summary of the complete Top 100 coins for reference. Out of the
1,500 coins there are
500 true shitcoins
These have either no actual purpose, development has
stopped, nor partnerships or they are an outright scam (Quatloo, Titcoin,
Metalmusic coin, Macron, Russia Coin, TrumpCoin, MetalMusicCoin, Bitcoin Diamond,
Bitcoin Gold, Verge, Bytecoin,Bitcoin Diamond, Ethereum classic, Veritaseum,
Hshare)
500 average coins
These have somewhat of a purpose, but there is no
strong team behind it and they don’t have a good go-to-market strategy, maybe 1
or 2 partnerships and/or they are somewhat sketchy in various aspects (TRON,
Litecoin, Dogecoin, GameCredits, Lymp, Monaco, Groestlcoin, QLINK, Chainlink,
Bytom, Digibyte, Decred, Zcoin, BTCP, Navcoin, Populous, Monacoin, Factom,
Revain ,Dent ,Bitshares ,ZRX, Cryptonex, Kyber network, Bancor, Achain)
400 good coins
These have a good purpose a good team and a good
go-to-market strategy, and some partnerships but no special uniqueness or no
oustanding tech that sets them apart from competition, e.g. (OriginTrail, Poet,
MatrixAI, Komodo, NEM, ARK, DRGN, LISK, Stratis, ARDR, Rchain, EOS, Waves,
Monero, PIVX, Enigma, Augur, BAT, SUB, PowerLedger, Steem, KIN,Dash, Syscoin,
Storm, Wax, Mithril, Siacoin, Maidsafecoin, Gbyte, Storj, Golem, Elf)
90 very good coins
These have a really good purpose, a really good team
and a really good go-to-market-strategy, are unique in what they do and strong
partnerships (e.g. PRL, QASH, RLX, FUN, ELIX, Civic, THEKEY, WePower, XPLAY,
Edgeless, Cindicator, Fusion, DBC, WTC, NEO, Stellar, Ontology, Neblio,
Aeternity, REQ, Cardano, Nano)
10 world-class coins
These have a real-world purpose and already real
usage and revenue, a world-class team and already have strong partnerships with
Fortune 50 companies (e.g. IOTA, SKY, VeChain, ICON, Elastos, Nebulas,
Ethereum, Enjin, BNB).
95% of the coins within the first 3 points will
probably disappear next year and most of the coins within the last 2 points
will also vanish, leaving us with probably 2–3 large coins such as IOTA, SKY,
ELASTOS, ETHEREUM and 20–30 specialized coins, such as VeChain, Icon, Enjin,
Funfair, Qash, ELIX, BNB.
The 2–3 large coins that will be the ones, whose
tech is vastly superior to Bitcoin through these characteristics
Please read more here: https://www.quora.com/What-is-your-take-on-more-than-800-cryptocurrencies-are-dead
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