Once a storm, now a thing of the past: The 5 most disappointing cryptocurrencies

robot
Abstract generation in progress

Not all cryptocurrencies keep their original promises. Here are 5 projects that were once highly anticipated, but are now almost "clinically dead":

  1. Terra ($LUNA) ❌️ Historical High: $119.51Current Price: Almost 0 Reasons for failure:

The collapse of the algorithmic stablecoin UST has caused losses of more than $45 billion to the market. Investor confidence in the Terra ecosystem is completely wiped out. The incident became one of the most serious scandals in crypto history. 2. Tornado Cash (TORN) ❌️ Historical High: $64.38Current Price: $1.81

Reasons for failure:

Despite being a tool to anonymize transactions on Ethereum, Tornado Cash has been placed on a sanctions list by regulators in the US for its involvement in money laundering. As a result, the project was removed from many large exchanges and fell into an unsalvageable situation. 3. BitShares (BTS) ❌️ Historical High: $0.91Current Price: $0.003

Reasons for failure:

BitShares used to be a pioneering DeFi platform, but lacked innovation, grew slowly and gradually lost its position in the market. Major exchanges also in turn delisted BTS due to low trading volumes and lack of growth potential. 4. Substratum (SUB) ❌️ Historical High: $3.25Current Price: < $0.01

Reasons for failure:

The project once promised to provide a decentralized internet, but was later accused of misusing the fund, internal conflicts. Community confidence plummeted, causing the project to lose liquidity and be removed from exchanges. 5. Sonm (SNM) ❌️ Historical High: $0.70Current Price: $0.05 Reasons for failure:

Sonm once promised to bring decentralized cloud computing, but lacked actual users, unclear products, and failed to achieve its promised technical goals. 🔚 Conclude: Hype is not synonymous with success. The crypto market is volatile and there is no shortage of bursting bubbles.

👉 Lesson learned: Always "DYOR" – Do Your Own Research (Tự research thoroughly before tư). Don't let emotions or gossip drive your financial decisions.

BAN-5.49%
LUNA-8.15%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)