Crypto Market’s Near-Apocalypse in 2022 Turns Zombie Tokens into Dead Coins

“During this period, many cryptocurrency projects, tokens and coins with little to no value or a direct or discernible purpose were launched by various anonymous developers,” Julia Ng, growth marketing at CoinGecko, wrote in a recent post. analysis. “Few were really committed to their projects, which resulted in a high failure rate, and thus their eventual downfall.”