The post 97% of Meme Coins Fail Since 2024: High Risk for High Reward appeared on BitcoinEthereumNews.com.

New research by Chainplay underscores the alarming 97% failure rate for meme coin projects post-2024. The average lifespan of meme coins contrasts sharply with other crypto projects, typically lasting only around one year. A significant detail from AlphaQuest indicates that approximately 2,020 meme coin projects fail monthly. Discover the precarious nature of meme coins and their impact on the crypto landscape, according to cutting-edge research by Chainplay. The Mortality Rate of Meme Coin Projects Recent data reveals that meme coins face an exceptionally high mortality rate, with nearly 97% failing since 2024. Chainplay’s research illustrates that meme coins last an average of just one year. This short lifespan is quite startling when compared to the typical lifespan of other crypto projects, which average about three years. State of Memecoin 2024: High Risk, High Reward Studying 30,000 meme coin projects, the research portrays a grim picture: the majority of these coins are doomed from the beginning. AlphaQuest’s insights further reveal that, on average, 2,020 meme coin projects become defunct each month. This highlights the substantial risk involved in meme coin investments. Failure Rates Across Blockchain Platforms The mortality rates of meme coins vary by blockchain platform. According to Chainplay, Base has the highest death rate at 66.91%, trailed by Solana at 54.03%, and Ethereum at 36.59%. This variance is indicative of the differing levels of project sustainability across platforms. Association with Malicious Activities An alarming aspect of the meme coin landscape is their frequent association with malicious activities. The research found that over half of meme coins (55.24%) are categorized as such. Despite this, a significant portion of investors see them as vehicles for quick gains, with about 60% viewing them as short-term opportunities. Investor and Media Perspectives The perception of meme coins varies widely among investors. More experienced investors, those…

---

Filed under: News - @ August 18, 2024 9:40 pm