Last updated on October 4, 2023 7:00 am
Popular cryptos from the last bull run that are now practically buried and dead
Millions of new crypto investors may soon be exposed to their first bull run. People who have been through it before discuss strategies they want to use to weather the storm. In 2021, the cryptocurrency market experienced its last bull run. But first, we need to understand why people trade and invest in cryptocurrencies and what the bull run is in the crypto space.
Why do people buy cryptos?
There are many motivations for purchasing or investing in cryptocurrencies.
- A means of exchange,
- To safeguard currency against inflation,
- To be in sync with latest emerging technologies,
- To store value,
- To take part in blockchain-based systems,
- Just for fun.
Everyone has their own reasons for buying and investing in crypto.
How does cryptographic technology work?
All cryptocurrencies rely on blockchain technology, a decentralized system in which transactions are recorded and validated across numerous nodes. This assures safety, accountability, and security.
In every bull run, new coins are issued; some look very promising, while others are completely scam tokens or coins.
There are many different ways to brand new crypto launches, such as:
- An investment of $500 million by venture capitalists
- With attractive fundamentals.
- Having a lot of use cases
New ventures with eye-catching headlines like these play a vital role in the development and marketing of newly launched tokens. In the end, general crypto traders end up with a nice, heavy bag of air.
Read also: Reasons why Bitcoin Price will be more than $100,000 before 2025
Let’s understand what is considered to be a bull cycle or bull run in the crypto space.
What is a bull run or bull cycle in crypto?
When the prices of cryptocurrencies keep going up for a long time, it is called a bull cycle. In a bull cycle, most investors are optimistic, they want to buy more than sell, and they have a lot of trust in the market.
There is no set time for how long a bull cycle lasts in the crypto market. It depends on things like how the economy is doing, what the rules are, and how people feel about buying and selling. Some crypto bull cycles have gone on for a few months, some for a few years. For example, the 2017 bull cycle was about a year long, and the 2020–2021 bull cycle was longer than that.
8 Hype coins from the previous bull run are now practically buried and dead.
List of 8 Popular cryptos of the last bull run that are now practically buried and dead
8 popular cryptos from the last bull run that are forgotten now
Terra Luna (LUNA)
Right behind this is Do Kwon’s Luna Token. As soon as the Luna token hit the market, there were far more sellers than buyers, so the price dropped. At one time, it was considered a solid project with good fundamentals. Some people on this ship tried to warn us about it, but when they did, they were ridiculed. In just a few years, it went from being worth about $120 to $0.00005, a fraction of a penny.
It was one of popular cryptos from the last bull run, which is now defunct or extinct.
| Particulars | Answers |
|---|---|
| Token Name | Terra Luna (LUNA) now LUNC |
| Category | DEFI |
| Platform | TERRA |
| Total Supply | 6.835 trillion |
| All Time High | $119.18 |
| All Time Low | $0.000000999967 |
| Current Price | $0.00005746 |
PIG Finance Token (PIG)
Tim Greaner developed the Pig Finance protocol early in 2021. Tim is a blockchain specialist and crypto consultant.
Pig is a 100% community-owned token that is the first to feature the Black Hole concept, which massively reduces the total supply in circulation. They’re super secure and totally unruggable. Developers have transferred ownership of the project to the burn address. Liquidity is locked in PancakeSwap forever. This makes sure that the community can freely hold and trade PIG without worrying about rug pull. popular cryptos from the last bull run
Read Also: Learn Top 10 Crypto Candlestick Patterns
With all the hype, many new projects were being created, but sadly, several scammers have stolen investor funds.
| Particulars | Answers |
|---|---|
| Token Name | Pig Finance (PIG) |
| Category | Meme Token |
| Platform | BSC |
| Total Supply | 1000 trillion |
| Burned Tokens (Up to September 21, 2023) | 585,031,783,400,513 (585 trillion) |
| All Time High | $0.00000551 |
| All Time Low | $0.00000000115 |
| Current Price | $0.000000011 |
| Launch Date | 28-04-2021 |
Safemoon (SFM)
Safemoon launched in March 2021, was one of the most hyped cryptocurrencies in the 2021 crypto bull run and got noticed in April after its price soared and skyrocketed to its all-time high. popular cryptos from the last bull run
SafeMoon’s price rose by 23,225% between March 14 and April 21 of 2021.
Since April 2021, it has lost over 99 percent of its worth. It rewards long-term holders by charging sellers a 10% fee, with some of it going back to existing holders.
Safemoon, developed on the Binance Smart Chain blockchain, has a market cap of $70.96 million as of September 22, 2023. The token’s market cap hit its all-time high of $1.7 billion in April 2021.
| Particulars | Answers |
|---|---|
| Token Name | Safemoon (SFM) |
| Category | SafeMoon V1: Meme SafeMoon V2: 1 DEFI |
| Platform | BSC |
| Market capital | 17 Billion is all-time high MC |
| Total Supply | SafeMoon V1: 1,000 Trillion SafeMoon V2: 1 Trillion |
| All-Time High | $0.000014 on April 20, 2021 |
| All Time Low | $0.0000002149 |
| Current Price | $0.0001277 on September 22, 2023 |
STEPN (GMT)
This is another coin from the “DeFi” craze that didn’t make it. It was meant to pay you for physical activity, like a Fitbit that paid you to count your steps. The project was the first of its kind, so there was a lot of buzz about it. When the app’s creators decided to block players from China from using it, a mass exodus occurred. The enthusiasm quickly waned, and it dropped from a high of $4 to a recent low of around $0.15. popular cryptos from the last bull run
FTX Token (FTT)
FTT needs no introduction. Sam Bankman-Fried founded FTT in 2019. Often, cryptocurrency exchange platforms issue tokens to attract users. More investors and demand can boost native token values on the platform. FTX issued its native token, FTT, in May 2019.
This is at the top and the worst on the list of eight popular coins from the last bull run that are practically buried and dead now. It was full of scams, tricks, and manipulation. When it was launched, even well-known YouTubers and news outlets liked it. FTX was supposed to be one of the best places to trade crypto, but then it all went downhill.
| Particulars | Answers |
|---|---|
| Token Name | FTX Token (FTT) |
| Category | Exchanged-Based Token |
| Platform | BEP-20, ERC-20 and Solana |
| Current Market capital | 358 Million |
| Total Supply | 328,895,104 FTT |
| All-Time High | $85.02 on September 09, 2021 |
| All Time Low | $0.7763 on June 10, 2023 |
The fall of FTX occurred over a span of 10 days, commencing on November 2nd and concluding on November 12th in the year 2022. The publication of an article on CoinDesk set off a chain of events that included the leaked balance sheet of Almeda Capital.
Kishu Inu
Kishu Inu, also known as Kishu Token, was released in April 2021 and promoted as an altcoin based on memes similar to DOGE and Shiba Inu. An active group of crypto enthusiasts supports the Kishu Inu eco-system.
Kishu had created history with over 100,000 buyers and a $2 billion market worth in May 2021. This was a first-of-its-kind milestone for such a meme project, and it inspired the rest of the world to believe in it.
| Particulars | Answers |
|---|---|
| Token Name | Kishu Inu (Kishu) |
| Category | Meme-based cryptocurrency |
| Platform | ERC-20 |
| Current Market capital | 16.34 Million |
| Total Supply | 96,741.38 Trillion KISHU |
| All-Time High | $0.00000002 on May 14, 2021 |
| All Time Low | $0.00000000001 April, 2021 |
Harmony One (ONE)
Harmony was meant to be an exciting new layer 1 with lots of dapps and other cool features and games that would become part of the ecosystem. The project was badly hacked, and millions of dollars were stolen from it. In the end, the features that were supposed to be added never happened, and people lost interest in the app. This caused Harmony to fall from a high of $0.30 to a low of $0.009 and out of the top 100.
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8 popular cryptos from the last bull run that are forgotten now
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Numeraire (NMR)
It was very popular during the 2021 boom because it was based on artificial intelligence before the recent AI craze. This was for an investment in artificial intelligence technology that can predict how well some stocks will do. Even though it was just a ploy, they used a lot of big words. When the promotion ended, it did the same as the others: it went from a high of $93 to a low of $12.55, barely stayed in the top 300, and crashed. Popular cryptos from the last bull run
Before you buy any crypto, make sure you do your own research, okay? Cryptos are super unpredictable and crazy volatile. Make sure you know the risks and consult with crypto market financial experts. You should only put money into cryptocurrencies if you are ready to lose it.
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