The NeuCoin project started out three years ago and was designed to create a consumer-driven digital currency. By distributing tokens to participants, growth and adoption were intended to grow exponentially. Unfortunately, the project is shutting down, as the NeuCoin Foundation made the announcement last night.
It was evident from day one the NeuCoin project was facing a very steep uphill battle. Support for this project was a lot lower than the team members expected, which is not entirely surprising. The term “altcoin fatigue” is becoming more prevalent as new digital currencies are created. Instead of actively supporting Bitcoin adoption, creating a new coin is not always the right answer.
As is the case with any altcoin, it heavily depends on the value and trading volume. For NeuCoin, neither value nor trading volume added up over time. In fact, the longer the project was around, the lower prices and trading volume got. There is no incentive to buy or invest in this altcoin, a fact no one with more than two peas for a brain ever doubted.