Cryptocurrency experts predict that Dogecoin will last longer than most cryptocurrencies

A new study by cryptocurrency analysts from CoinKickoff informs that the Dogecoin (DOGE) meme token has managed to «outlast» most crypto assets created in 2014 — 91% of them are no longer active. That is why, according to experts, the unstable meme-coin has managed to find its niche in the market and will feel much more confident in the future.

To reach this conclusion, CoinKickoff studied crypto data collected over the past 10 years. The analysts examined more than 2,400 non-existent virtual assets found in the Coinopsy dead asset tracking service.

«According to our data, 91% of the coins created in 2014 eventually disappeared due to low trading volume or loss of interest from investors,» CoinKickoff said.

The study also shows that about 75% of the tokens created in 2014 are inactive and no longer in circulation, 16 of which have been considered «dead» since 2020. «We found that more than half of all coins issued from 2013 to 2018 no longer exist. More than three quarters (76.5%) of the cryptocurrencies introduced in 2014 are now dead,» the analysts add.

according to crypto experts, 2018 can be considered the «most fatal» year for cryptocurrencies, as it was then that 751 tokens were transferred to the status of «obsolete». The study also notes that 30% of these cryptocurrencies were fraudulent.

It should be added that at the time of writing, the most famous meme-coin DOGE $0.11 Binance-Peg Dogecoin -1.57% Market capitalization $0.2 billion VOL. 24 hours $44.64 million is trading for $ 0.08.