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All eyes were on FantasyGold (FGC) after the crypto saw a 900+% price increase over the past week.
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A lack of demand for tokens was identified as the primary reason for failure, with many projects failing due to a lack of clear use cases or utility.
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Between 2013 and 2022, 2,383 crypto coins failed.
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Dogecoin’s network activity surge driven by DRC-20 tokens #dogecoin
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Bitcoin completed 3.3 million transactions during the same period. #BTC
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The data shows that the trend has been consistent for the last seven days. Between May 22 and 28, Dogecoin completed over 9 million transactions, while the Ethereum network recorded around 6 million transactions. #ETH
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