Only 8 altcoins launched in 2024 are profitable

We recently analyzed the performance of new cryptocurrencies on the market and found that most of them have not managed to exceed their initial offering price. Despite current market conditions, where volatility is extremely high, it is striking to see that only 8 of the 113 altcoins launched in 2024 have managed to exceed their initial offering price.

Among these successful cryptocurrencies, the most notable is Hyperliquid, whose price has skyrocketed 1,519% from its initial offering price. Other examples include Moonstream, which has gained 1,044%, and Starlink, with a gain of 0.934%. Despite these achievements, it is important to note that most cryptocurrencies launched in 2024 have suffered significant losses, with some even experiencing losses of more than 90%.

This scenario serves as a key reminder to investors and traders that not all cryptocurrencies launched on the market have the same potential for success. Most of them lack the infrastructure, the team, and the backing needed to achieve strong market performance.

Therefore, it is crucial for investors and traders to take the time to carefully research and analyze any cryptocurrency before investing. It is important to look for signs of strong performance, an experienced team, and a solid business model before making a decision.

In summary, the experience with cryptocurrencies launched in 2024 shows us that success in the cryptocurrency market is not guaranteed. It is important to be cautious and conduct thorough research before investing in any cryptocurrency.