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The top dying crypto projects are tokens that lost their considerable amount of value since the debut
Intro: Shitcoins are digital assets that serve nonfunction or have little value other than to exist in the cryptocurrency market. Therefore, dying crypto projects like the Shitcoins often lack a solid team, technological innovation, and user adoption.
The popularity of crypto tokens like Bitcoins and Ethereum caused Bitcoins to lose value over time. Some of these Shitcoin scams called Pump and Dump made it risky in terms of investments as traders. About 20,000 digital assets were categorized as Shitcoins on the market as of January. Generally, limited supply leads to scarcity which in turn leads to the value of tokens pushing high. But in the case of shitcoins, they have no supply cap, nothing to attract traders in the market except newbie traders. So, let’s delve into the top 5 dying crypto projects:
1. The Luxury Coin
The Luxury Coin was created by its creators as a utility tool to improve spending. The Coin has underperformed expectations in terms of performance, with a massive 99.79% drop in the market in the last 30 days. The token is currently trading at US$0.103, down 0.53% in the last 24 hours. The token has a trading volume of US$135,049 in the same period.
2. Panda Inu
The Panda Inu token is a meme-based digital asset that debuted on the well-known Binance Smart Chain. PANDA has experienced a massive 99.66% price drop in the last 30 days. The token is currently attempting to make a comeback.
3. DPK Token
DPK is a platform that allows decentralized finance players to play games and earn rewards. The token is currently trading at US$0.000731, up 4.59% in the last 24 hours. In the same time frame, it has a trading volume of US$2,169,956.
4. Metakings
Metakings offers players a one-of-a-kind fighting experience powered by AI. The token is currently trading at US$0.00377, a 25.22% decrease in the last 24 hours. MTK has a trading volume of US$678,209 in the last 24 hours.
5. Web 3 Development
Web 3 development is the first network to create a private, fair, and secure internet. The network was created by the developers to empower everyday internet users through blockchain. The token is currently attempting to make a comeback and is doing well with a price of US$0.000203, a rise of 111.48%.