$🇵🇸What are the zombie digital currencies that reached 12 thousand currencies after the market lost two trillion dollars?
The digital currency market has suffered huge losses, which is normal given the economic changes that the world has witnessed since the beginning of 2022, which included but were not limited to: raising interest rates, increasing inflation rates, a shortage of electronic chips, and the Russian-Ukrainian war.
The digital currency market has lost up to two trillion US dollars of its market value, a market value that electronic currencies themselves have naturally lost.
According to a report published by Nomic.s, the matter was not limited to that, as what is known as Zombie Currencies appeared. This description comes because zombies, as we see in movies, are living creatures and move, but in reality they are dead.
This term comes to describe digital currencies that are not traded, meaning that they already exist in the market - that is, alive - but no one deals with them, which also makes them “dead”.
Over 12,000 Zombie Coins on the market
Most cryptocurrency projects that rely on blockchain to operate are built on the basis of their work as a reward for developers and users. Huge sums have been invested in these projects in the recent bullish period in 2021.
Unfortunately, most zombie currencies are occupations...💔
