GenpOp.id -- In recent revelations, cryptocurrency analyst Altcoin Buzz has spotlighted notable concerns within the cryptocurrency realm, with a keen focus on Cardano (ADA). Despite ADA's remarkable surge in price since October 2023, soaring from 24 cents to nearly 74 cents, there exist underlying issues deserving attention.

Cardano has long been a subject of discourse, often facing critique for its modest self-promotion endeavors compared to its counterparts in the cryptocurrency landscape. Moreover, its approach tends to lean towards isolation.

However, a fresh critique has surfaced, hinting at Cardano harboring a substantial number of "dead coins," as per a report by Alpha Quest Research.

This comprehensive report, delving into over 12,000 cryptocurrency projects, divulged that almost two-thirds of initiatives initiated during the bull markets of 2020 and 2021 have faltered.

Overview of The Price of Cardano (ADA)

Alarmingly, Cardano and Terra emerge among the top hosts of these inactive coins, signaling a significant issue within their respective ecosystems.

The criteria employed to identify a dead coin encompassed indicators such as low trading volume, dormant social media presence, defunct websites, and delisting from CoinMarketCap. With a staggering 74% of projects within the Cardano ecosystem falling into this category, it poses a worrisome statistic.

Furthermore, the report underscored that the average lifespan of a cryptocurrency project stands at approximately 2.21 years, with a notable portion meeting demise within the initial six months to one year.

Despite these adversities, there exist beacons of hope within the Cardano ecosystem, exemplified by thriving projects like Wanchain, actively contributing to the network's expansion.

Notably, ADA's price performance has been commendable, witnessing a substantial uptick over the past year.

However, it is imperative to contemplate the repercussions of harboring numerous dead coins within an ecosystem, as it could significantly dent investor confidence and impede overall ecosystem vitality.

While Cardano has witnessed commendable growth and boasts promising projects within its purview, the prevalence of dead coins raises legitimate apprehensions about its long-term sustainability and viability.

In conclusion, while Cardano navigates through its growth trajectory, addressing the issue of dead coins emerges as a critical juncture for safeguarding its standing in the dynamic cryptocurrency landscape. []