Do you own these? 3 Cryptos That Will Never Come Back!

Cryptocurrencies are constantly crashing, burning, or fizzling out. Accordingly CoinGecko, More than 50% of all tokens or coins introduced after 2014 are now dead cryptocurrencies. This means that there are some cryptos that you should avoid.

Crypto projects die due to ecosystem failure – as in the case of Terra (LUNA USD), failing to build enough dedicated user base or simply falling off the grid.

And most of the time, such cryptocurrencies never recover.

There are some signs you should look out for. A sign of a dead crypto is that on major crypto trackers such as B. no tracking activity takes place CoinGecko, CoinMarketCapor Coinbase. Another sign is that there is little to no price movement over long periods of time, little talk about it, or difficulty gaining traction.

When things like this happen with a cryptocurrency, you as an investor should stay away from it.

Here are three such cryptos that you should avoid.

Cryptos to Avoid: Terra Classic (LUNC USD)

Terra Classic (LUNC USD), formerly Terra, is the native token of the Terra blockchain stablecoin ecosystem launched in 2018. LUNC was the sister token of TerraUSD (VAT) – Terra’s algorithmic stablecoin.

At its peak, LUNA reached an all-time high of $119 in May 2022. At that time, in less than a year, it shot past a few dollars and landed in the top ten by market capitalization (market capitalization).

However, in 2022, both LUNA and UST collapsed dramatically after UST The algorithmic protocol has been suspended. UST fell from its floor price of around $1 to just a few cents, with LUNA losing over 99% of its value.

In response, the Terra community created a fork of the Terra blockchain. LUNA became Terra Classic and the newly minted Luna token became the native token for the new blockchain.

LUNC is still traded on exchanges. But the chances of it regaining its former status are almost zero. The token is now Trade at the default value of $0.0001300 and ranks at 117th place in market capitalization.

Einsteinium (EMC2-USD)

Einsteinium (EMC2-USD) is a crypto project that wanted to use blockchain technology to raise funds for scientific research. The idea was to pool funds by imposing taxes on newly minted EMC2 tokens and maintaining a transparent monetary system based on EMC2.

The cryptocurrency was launched in 2014 and exploded in 2017 – Increase of more than 100,000% in one place.

However, there doesn’t seem to be much going on lately. A cursory online search shows that einsteinium is virtually non-existent.

Crypto tracker CoinGecko, CoinMarketCapAnd Coinbase reports virtually no price activity and the exposure on its X side does not indicate concrete future developments.

The Fall of the Coin seems to have begun than the major exchange it was listed on – Bittrex –closed in November last year.

Whatever the case, it doesn’t look like Einsteinium is coming back.

Mintcoin (MINT USD)

Mintcoin (MINT USD) is a cryptocurrency introduced in 2014 that is an alternative to coins such as Bitcoin (BTC USD), which use the Proof-of-Work (PoW) consensus mechanism – which consumes enormous amounts of energy.

It was one of the first cryptocurrencies to use PoS and reward users who staked MINT tokens with a 5% annual return on their stake – offering participants a fair reward without flooding the market with too many coins.

However, at the moment Mintcoin appears to be dead.

Its founders last updated on X in 2018, and there is virtually no activity on any exchange. Additionally, there is little to no discussion or news about it.

For practical reasons, Mintcoin is not coming back and is another cryptocurrency to avoid.

At the time of publication, Hope Mutie did not have any positions, directly or indirectly, in any of the coins mentioned in this article. The opinions expressed in this article are those of the author and are subject to the opinion of InvestorPlace.com Publishing Guidelines.