In the cryptocurrency industry, there are thousands of altcoins on the market today. Of those projects, half or less are still actively maintained today, creating a massive amount of “shitcoins“. Now is a good time to recap how an altcoin turns into a shitcoin over the course of weeks, months, and years. This process is still ongoing today, as nearly nine in ten new projects fail around the clock. Step 1: Creating Hype for no Reason When it comes to the different altcoins launched over the past ten years, the ones which didn’t create media-levels of buzz and excitement are
The post The Evolution From Altcoin to Shitcoin in 4 Steps appeared first on The Merkle Hash.
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