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How Many of the Top 100 cryptoS of 2017 Survived the Market Crash? Analyst Reveals

The cryptocurrency market has seen many ups and downs since its inception, but none more dramatic than the crash of 2018, when the total market capitalization plummeted by more than 80%. Many projects that were once hyped and promising faded into obscurity or disappeared altogether.

An analyst who goes by the name of 0xdavanai on Twitter recently conducted a study of the top 100 cryptocurrencies by market cap as of December 31, 2017, and compared their performance to the present day. He found that only 21 of them managed to update their all-time highs (ATH) since then, while 79 of them never recovered from the crash.

He also classified the projects into four categories: active, inactive, dead and scam. He defined active projects as those that have regular updates, partnerships, and community engagement. Inactive projects are those that have little or no development or communication. Dead projects are those that have been abandoned or delisted from exchanges. Scam projects are those that have been exposed as fraudulent or malicious.

According to his analysis, out of the top 100 cryptos of 2017, 27 were scams, 15 were dead, 37 were inactive, and only 21 were active. He also noted that some of the active projects, such as Bitcoin Cash, Bitcoin SV, and EOS, were controversial and divisive in the crypto community.

The analyst concluded that the crypto market is still immature and risky, and that investors should do their own research and due diligence before investing in any project. He also advised to diversify the portfolio and avoid putting all the eggs in one basket.

The majority is either copycats or scams with no utilities or innovations as it’s expected to never go to another ATH. The traders took profits and moved on while leaving the bags to naive investors.


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