Analysis

The graveyard: 20 altcoins that tried to replace Litecoin and died

Feathercoin hit $1.30 in June 2013. Its community was electric. Forum posts proclaimed it the "next Litecoin" and exchanges rushed to list it. The coin had a modified NeoScrypt algorithm, faster block times, and enthusiastic developers promising regular updates. By 2015, its price had cratered below $0.01. By 2020, daily trading volume was often under $500. Today it trades at roughly $0.001 when it trades at all, with a network hashrate so low that a single rented GPU rig could theoretically 51% attack it.

Feathercoin is not special. It is merely the most recognizable corpse in a graveyard containing hundreds of coins that launched between 2013 and 2015 with the explicit goal of being "better than Litecoin." They are all dead or functionally dead. Litecoin is still here, trading on every major exchange, with a $7+ billion market cap. Feathercoin was attacked for $16,000. That was the price of death in 2013. The question today: how much does it cost to kill Litecoin in 2026? The answer to that question is worth more than the rest of this article.

The dead: 20 LTC competitors that failed

NameYear launchedATH priceCurrent price/statusWhat killed it
Feathercoin (FTC)2013$1.30~$0.001 / ghost chain51% attacked in 2013, never recovered trust. Dev team dissolved.
Worldcoin (WDC)2013$0.75Dead / no networkNo unique value proposition. Exchanges delisted. Community evaporated.
Novacoin (NVC)2013$40.00~$0.10 / near-deadHybrid PoW/PoS was innovative but dev abandoned project. No exchanges.
Digitalcoin (DGC)2013$0.50Dead / delisted everywhereIdentical to LTC with minor parameter tweaks. No reason to exist.
Megacoin (MEC)2013$1.60Dead / ghost chainMarketed on hype alone. Developer went silent. No exchange support.
Terracoin (TRC)2012$2.50Dead / no tradingSHA-256 clone competed with Bitcoin directly. No unique features.
Fastcoin (FST)2013$0.18Dead / abandoned12-second blocks caused chain instability. Gimmick over substance.
Anoncoin (ANC)2013$4.20Dead / project shut downPrivacy features never shipped. I2P integration remained vaporware.
Ixcoin (IXC)2011$0.80~$0.001 / zombieBitcoin clone with no innovation. Premine controversy. Dev vanished.
Devcoin (DVC)2011$0.005Dead / fully abandonedCharitable concept but hyperinflationary supply. Nobody wanted it.
Mincoin (MNC)2013$0.65Dead / no nodesScrypt clone with zero differentiation. Community died within months.
Phoenixcoin (PXC)2013$0.20Dead / blockchain haltedNeoScrypt algo change fragmented an already tiny mining community.
Goldcoin (GLC)2013$0.90~$0.005 / zombie51% attacked repeatedly. Difficulty algo exploited by multipools.
Infinitecoin (IFC)2013$0.0003Dead / abandoned90.6 billion supply made it a meme. Novelty wore off in weeks.
BBQCoin (BQC)2012$0.15Dead / project closedJoke coin that was taken seriously briefly. Obviously unsustainable.
Netcoin (NET)2014$0.005Dead / delistedLaunched too late in the altcoin wave. Zero adoption.
Stablecoin (SBC)2013$0.25Dead / ironic nameName had nothing to do with stability. Difficulty algo was broken.
Mooncoin (MOON)2014$0.0001Dead / no volume384 billion supply. Pure meme. Brief Reddit pump, then nothing.
Potcoin (POT)2014$0.34~$0.002 / zombieCannabis niche was too small. Dennis Rodman stunt was peak. Abandoned.
Vertcoin (VTC)2014$9.50~$0.03 / barely aliveRepeated 51% attacks (2018, 2019, 2021). ASIC resistance failed.

The pattern of death

Look at that table and you see the same story playing out twenty times with minor variations. A coin launches with some marginal tweak to Litecoin's parameters. The crypto community, starved for the next 1000x opportunity, piles in. The price spikes. Then reality sets in: there are no developers maintaining the code, no exchanges willing to keep the pair listed through a bear market, no merchants accepting it, no reason for it to exist when Litecoin already fills the "silver to Bitcoin's gold" niche perfectly well.

The causes of death cluster into five categories:

  • 51% attacks — Feathercoin, Goldcoin, Vertcoin, and several others were attacked because their hashrate was too low to secure the network. Once confidence breaks, it never comes back.
  • Developer abandonment — One or two people maintain the codebase. They get bored, get hired elsewhere, or realize the project has no future. The GitHub goes silent. Novacoin, Megacoin, Anoncoin all died this way.
  • Exchange delisting — Exchanges purge low-volume pairs during bear markets. Once you cannot buy or sell a coin easily, liquidity death spiral begins. Worldcoin, Digitalcoin, Netcoin.
  • No unique value proposition — Most of these coins were Litecoin with one parameter changed. Faster blocks? Larger supply? Different algorithm? None of that matters if the ecosystem does not develop around you.
  • Community evaporation — Reddit posts stop. Forum threads go unanswered. The Discord goes quiet. Without community, a cryptocurrency is just code sitting on a server. Mincoin, Phoenixcoin, Infinitecoin.
War story — Feathercoin's 51% attack, June 2013: On June 8, 2013, Feathercoin suffered the first major 51% attack on any altcoin. An attacker gained majority hashpower and reorganized 580 blocks, double-spending coins on the BTC-e exchange. The attack cost an estimated $16,000 in double-spent coins — trivial by today's standards but devastating for a young network. The Feathercoin team responded by implementing Advanced Checkpointing, but the damage was done. Trust evaporated. Miners left for more profitable chains. The network entered a slow decline it never reversed. This attack became the template for hundreds of subsequent attacks on low-hashrate Scrypt coins. It proved that a coin without significant hashpower is a coin without security, and a coin without security is a coin on borrowed time.
War story — Vertcoin's repeated 51% attacks (2018–2021): Vertcoin's entire identity was built on ASIC resistance. The idea was noble: keep mining accessible to GPU owners and prevent centralization. In practice, it meant the network could be rented on NiceHash for a few hundred dollars per hour. In December 2018, Vertcoin was 51% attacked and 603 blocks were reorganized with 22 double-spend transactions. The team switched to Lyra2REv3. In December 2019, another attack: 603 blocks again. They switched to Verthash. In 2021, yet another attack, smaller but still damaging. Each attack forced an algorithm change, each change fragmented the mining community, each fragmentation lowered the hashrate, making the next attack cheaper. ASIC resistance became a security liability. The coin that promised democratized mining became the most frequently attacked proof-of-work network in cryptocurrency history. Vertcoin still technically exists, but with a market cap under $2 million and daily volume often below $5,000, it is functionally a zombie chain.

What Litecoin had that they did not

When you compare the survivors to the dead, a clear pattern emerges. Survival in crypto requires a combination of factors that compound over time:

Continuous development. Litecoin's codebase has been actively maintained since 2011. It has tracked Bitcoin Core upstream changes, implemented SegWit, added MWEB privacy, and is now shipping LitVM for smart contract capability. The GitHub never went dark. Compare this to Feathercoin, whose last meaningful commit was in 2017.

Exchange and payment support. Litecoin was listed on every major exchange from the early days and stayed listed through every bear market. It is on Coinbase, Binance, Kraken, and literally hundreds of other platforms. This liquidity moat cannot be replicated retroactively. A coin that gets delisted during a bear market almost never comes back.

Merged mining with Dogecoin. Since 2014, Litecoin miners also mine Dogecoin through merged mining. This means Litecoin's Scrypt hashrate secures two major networks simultaneously, making economic attacks far more expensive. None of the dead coins had this dual-network security model.

Charlie Lee's persistence. Love him or hate him, Charlie Lee has been the face of Litecoin for over a decade. He maintained relationships with Bitcoin Core developers, advocated publicly for protocol upgrades, and kept Litecoin in the conversation during periods when the broader market had written it off. Most dead coins had anonymous or pseudonymous developers who simply vanished.

Fair launch. Litecoin had no premine, no ICO, no insider allocation. This matters because coins with premines create adversarial dynamics between founders and community. When Ixcoin's developer was revealed to have premined 580,000 coins, trust collapsed instantly.

The survivorship numbers

Between 2013 and 2015, approximately 500 altcoins were created. Most were Scrypt-based, most explicitly positioned themselves as Litecoin competitors or "improvements." Of those ~500 coins:

  • Fewer than 10 are still in the top 100 by market cap today
  • Fewer than 30 still have any meaningful trading volume (>$10,000 daily)
  • Over 400 have zero development activity
  • Over 350 have been delisted from all exchanges or have zero volume

Litecoin did not just survive. It remained in the top 20 by market cap continuously for over 13 years. That is an extraordinary achievement in an industry where the average project lifespan is about 18 months.

Why this matters for investors

Survivorship bias is the single most dangerous cognitive error in cryptocurrency investing. When people say "if you had bought LTC in 2013 at $2, you'd have 50x your money" they are telling a true story about the winners while ignoring the 490+ coins from the same era that went to zero.

The mathematical reality is brutal: if you had invested $100 equally across all 500 altcoins launched in 2013-2014, your total return would be deeply negative despite Litecoin and a handful of others doing well. The winners do not compensate for the scale of losses across the graveyard.

This has direct implications for evaluating today's new projects. The structural requirements for long-term survival have not changed:

  • Does it have persistent, funded development?
  • Does it have exchange support that will survive a 90% bear market?
  • Does it have network security that scales with value?
  • Does it have a unique role that cannot be trivially replicated?
  • Does it have community that sticks around when price declines?

If the answer to any of these is "no" or "unclear," history says the project will join the graveyard. It is not a matter of if. It is a matter of when.

Litecoin's continued existence is not guaranteed

None of this means Litecoin cannot die. It means it has survived challenges that killed hundreds of similar projects, and that each year of survival makes the next year more likely. Network effects, mining infrastructure, exchange integrations, and payment processor support all compound over time. But complacency kills. The threats Litecoin faces today are different from 2013 — not 51% attacks, but narrative death, regulatory pressure, and technological displacement. Different monsters, same jungle.

FAQ

How many cryptocurrencies have died?

According to data aggregators tracking historical crypto projects, over 24,000 cryptocurrency projects have been created since 2009. More than 14,000 of these are considered dead — meaning zero trading volume, no active development, and no functioning network. The mortality rate exceeds 55% across all eras, and for the 2013-2015 vintage specifically, it exceeds 85%.

Why did Litecoin survive when so many others died?

Litecoin survived through a combination of continuous development, deep exchange liquidity, merged mining security with Dogecoin, fair launch distribution, and persistent community and leadership. No single factor explains it — survival requires all of these simultaneously over long time periods. A project that has great development but no liquidity dies. A project that has liquidity but no development dies. Only the combination survives decade-long timescales.

Could Litecoin still die?

Yes. No cryptocurrency is immortal. Litecoin faces ongoing threats from narrative erosion, stablecoin competition for payments, regulatory risk around MWEB privacy features, and the long-term security budget problem as block rewards halve toward zero. The probability of death has decreased with each passing year of survival, but it is never zero. See our detailed threat analysis for a structured assessment of current risks.

Sources

  • Feathercoin 51% attack report, Bitcointalk.org forum thread #234520, June 2013
  • Vertcoin attack analysis by Mark Nesbitt, Coinbase Blog, December 2018
  • Vertcoin second 51% attack, CoinDesk reporting, December 2019
  • "Dead Coins" database — deadcoins.com and 99bitcoins.com historical tracking
  • CoinMarketCap historical snapshots, 2013-2025
  • Litecoin Foundation development reports, 2014-2026
  • Merged mining activation — Dogecoin AuxPoW BIP, September 2014
  • Charlie Lee public advocacy for SegWit activation, Litecoin Forum archives, April 2017

Last updated: May 2026. Prices and project statuses verified against CoinMarketCap and CoinGecko data. Internal links: Litecoin history | Mining dashboard | Merged mining guide | Network security data

Jarosław Wasiński
Jarosław Wasiński
Editor-in-chief · Crypto, forex & macro market analyst

Independent analyst and practitioner with over 20 years of experience in the financial sector. Actively involved in forex and cryptocurrency markets since 2007, with a focus on fundamental analysis, OTC market structure, and disciplined capital risk management. Creator of MyBank.pl (est. 2004) and Litecoin.watch — platforms delivering reliable, data-driven financial content. Author of hundreds of in-depth market commentaries, structural analyses, and educational materials for crypto and forex traders.

20+ years in financial marketsActive forex & crypto trader since 2007Founder of MyBank.pl (2004) & Litecoin.watch (2014)Specialist in fundamental analysis & risk management

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