95% of cryptocurrencies are illiquid
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Quick Take
- Bitcoin appears to be five times as liquid as Ethereum and more than 10 times as liquid as all the other cryptocurrencies
- Based on order book depth, 94.6% of all cryptocurrencies are currently illiquid
- The number of illiquid coins is likely going to continue increasing.
I often hear that the majority of cryptocurrencies will eventually go to $0. While that’s not exactly the case, it’s technically true nonetheless: most of the coins won’t go to zero-value but they will be illiquid. In fact, most of the cryptocurrencies are already illiquid today. CoinGecko, perhaps the most accurate data aggregator, currently lists […]
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