“During this period, many cryptocurrency projects, tokens and coins with little to no value or any immediate or discernible purpose were launched by various anonymous developers,” Julia Ng, growth marketing at CoinGecko, wrote in a recent analysis. “Few were actually committed to their projects, which resulted in a high rate of failure, and thus their ultimate demise.”
Source: https://www.coindesk.com/markets/2022/12/13/crypto-markets-near-apocalypse-in-2022-turns-zombie-tokens-into-dead-coins/?utm_medium=referral&utm_source=rss&utm_campaign=headlines