What Are Zombie Cryptos?

Zombie Cryptos or coins are digital tokens that have been “resurrected” after previously being considered dead. The great Cryptocurrency crash of 2018 was meant to be the end for many alternative coins hoping to replicate Bitcoin’s rapid rise, but that was not the case.

The truth is that most Cryptos do not vanish in a moment. Instead, the decrease is generally slow and takes years rather than days to occur. A coin’s price and trading volume may have decreased, indicating that it is in decline. Some coins go into a permanent condition of devaluation but others can make a comeback. That’s why the phrase “Zombie Coin” has come to be used as a derogatory word to describe coins that exist but have no long-term worth.

What Characterizes a Zombie Coin?

Zombie coin Classification:

If an altcoin has fewer than ten appearances between 2014 and 2018, it is considered a zombie coin. For example, Paycoin [XPY]- Since 2014, this currency has only been in the top 10 twice [hence, appearances= 2], classifying it as a zombie coin. We can eliminate a coin from the zombie list if only it has less than ten entries but is presently rated in the top 50 based on the market capitalization on CoinMarketCap or CoinGecko. This rule applies to currencies such as LINK that have less than ten appearances but are in the top ten ranks [about under 50].

The following are some of the Zombie Cryptos:

1. BTCP (Bitcoin Private)

2. BTX (Bitcoin XT)

3. BTCA (Bitcoin Alpha)

Disclaimer: The author’s thoughts and comments are solely for educational reasons and informative purposes only. They do not represent financial, investment, or other advice.

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