알트코인 무덤: 수많은 암호화폐 프로젝트가 소멸할 수밖에 없는 이유를 파헤치다

The widespread failure of altcoins is not random but a structural outcome of flawed tokenomics, insufficient innovation, and weak network effects—inherent characteristics of an immature, highly competitive, largely unregulated market. Most projects die because they lack genuine value propositions beyond copying established solutions, while the market follows a power-law distribution where only a handful of assets accumulate significant value and thousands fade into obscurity. Understanding these failure mechanisms is essential for investors and developers to recognize that cryptocurrency success requires solving real problems more effectively than existing alternatives, not merely technical variation.