Zombie Cryptocurrencies Inundate Market, Data Shows

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More than 12,000 cryptocurrencies have been zombified following the market crash crypto

Most cryptocurrencies cannot even manage to get listed on CoinMarketCap. Nomics tracks a total of 64,400 coins. The lion's share of them was not traded at all last week. Among those coins that did record some trading volume, there are plenty of those tokens that are about to become zombified since they are showing very few signs of life.

The total cryptocurrency market cap currently stands at $937 billion after peaking at nearly $3 trillion last November. Bitcoin, the largest cryptocurrency, accounts for 39.7% of that figure.Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets.

 

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