Statistics say that the period 2020-2021 is the period that witnessed the most dead currencies due to the great prosperity of the market in that period, but what I could not understand is why 2023 was among the lowest years, as the corrections were at their peak and interest rates were increasing, and yet according to CoinGecko in 2023, 289 listed cryptocurrencies died.
Why do you think the year 2023 witnessed the lowest number?
Between 2022-2023, that was the item the crypto market used to heal. If you recall, thought the period of January 2022 to November 2022, bitcoin dump in price throughout that time to $15k levels, no teams could convince people with new project to invest on because a lot of them has lot more than what they didn't prepare for in that collapse and it affected most of them, I don't think some has recover from those losses.
Normally, new coins pop up during bull run and that is the time we do experience shitcoins and scam coins, 2020 was great, 2021 was the peak of them and 2022 was the end of the run and since then, they have never been any hype or trend about new coins, AI were common but didn't last long enough.