Ethereum News Daily Official TheBitTimes.com

Summary ⚈ Over 52% of all cryptocurrencies since 2021 have failed, totaling 3.7 million. ⚈ 2025 alone accounts for nearly half of all crypto failures, driven by market fear. ⚈ Meme coin platforms and Trump-era volatility accelerated the death rate of crypto projects. Over half of all cryptocurrency projects have failed. To be more precise, the percentage is actually 52.7% — as 3.7 million cryptocurrencies listed on GeckoTerminal since 2021 have died, per an April 30 report from crypto market analytics platform CoinGecko . Failed cryptocurrency chart. Source: CoinGecko Alarmingly, the rate of failure seems to be accelerating — as the first quarter of 2025 has already seen 1,821,549 dead projects, an increase of 31.8% compared to the entirety of 2024, which accounted for 1,382,010 failed cryptocurrencies. Number of dead coins per year. Source: CoinGecko Broader market volatility and the meme coin frenzy were outlined as key reasons behind crypto projec...

The Phoenix price surged 13% in the past 24 hours to trade at $0.00008105 as of 02:38 a.m. EST on trading volume that surged 23% to $561K. The pump helped PHNIX become the No. 1 trending crypto on CoinGecko . Phoenix is built on the Ripple blockchain and calls itself XRP’s ”iconic mascot.” Phoenix Price Gears Up For A Price Recovery The PHNIX price on the 4-hour chart exhibits an overall bullish trend, with a strong rally beginning in mid-December 2024 and pushing the price to a peak above $0.0001400. Following this sharp rise, the price of Phoenix entered a falling channel pattern, a common consolidation pattern seen after aggressive rallies. Recently, the Phoenix price broke out of the descending channel to the upside, reclaiming the 50-day Simple Moving Average SMA at $0.00009021 as support. This breakout suggests that the consolidation phase may be over, and the prior bullish momentum could resume. Notably, the 200-day SMA sits much lower at $0.00004377, re...

Solana (SOL) co-founder Anatoly Yakovenko believes meme tokens have a role to play in advancing the product-market fit of crypto projects. Yakovenko says on the social media platform X that memecoins offer something unique to the crypto industry. According to the Solana creator, memecoins are getting so much attention from crypto traders that digital asset projects are being forced to deliver something of value in order to stand out. “I think previous cycles were also 90% meme 10% product. My theory is that memecoins today have completely absorbed the meme energy that drove other cycles, like DeFi (decentralized finance) summer. Now each product has to make it purely on value. If that’s the case, it’s a good thing for the industry.”  Yakovenko also offers his counter-argument to investors who believe that meme tokens have no fundamental value. He says the market ultimately decides whether an asset or a product is valuable. “Memecoins and NFTs (...