Over 85% of Altcoins Are Deemed Worthless

IconCrypto News Terminal25 Apr, 2024

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Over 85% of Altcoins Are Deemed Worthless

Over 85% of altcoins are worthless, according to a recent analysis. The analyst, who goes by the name of "Altcoin Sherpa," came to this conclusion after examining the performance of over 1,000 altcoins over the past year. Sherpa found that the vast majority of altcoins have lost value against Bitcoin (BTC) and the U.S. dollar. In fact, over 90% of altcoins have lost more than 50% of their value against BTC in the past year. Previously on 24 April 2023, "Cryptocurrency Market Loses $500 Billion as Bitcoin Falls Below $40,000."

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