Topic: 2 new coins in almost 1 day? (Read 2118 times)
This has been a major concern for some of us on the crypto space, the rate at which new projects are coming out every single day making it a whole coins every single day. I agreed with your statistic of average of two coins per day, but I think there are more than two coins coming in onboard every day. The rate at which Africans are utilizing the crypto space is alarming and that shows a great development. This has become a major source of employment for the unemployed youth and lots of projects solving a problem faced by the world today.
That was how I was calculating before in coinmarketcap been how new coin's are being listed on the daily basis, that makes me to have a mindset of of many coins are listed but few are chosen, with that mindset have to make a research before investing in any of new coin's that just listed in the cryptocurrency market.
Yes, I think we've gotten to that stage. The new coin got a good response but I'm not sure of its value. Many new coins have sprung up and disappeared in a short time.
In the crypto market, scammers are rapidly creating coins, but it's common knowledge that quality projects are not expected to emerge on a daily basis. Generally, only 4-5 projects gain recognition or establish a presence in the market within a month, while the remaining coins quickly lose value. To make profits from the crypto market, it is advisable to stick with reliable and high-potential coins.
Yep, in our current market situation, only few does really have a potentials and those with potentials are being funded because investors see value in the project. Beside that, majority of the coins created are just for fun, to scam, experiment and not really meant to have a future value. Things changes in bull market, From the last bull market, we have seen the fundings of obvious scam probects since everybody want to be an early investor, they fake a big amount of risk even on project that doesnt have a potentials at all. In fact, there's a degen token called $SCAM that doesn't have any plans at all and the creator said that he is not expecting that the coin will have a lot of value. This is why we can see a massive uptrend on tokens created during bull market. 
In the crypto market, scammers are rapidly creating coins, but it's common knowledge that quality projects are not expected to emerge on a daily basis. Generally, only 4-5 projects gain recognition or establish a presence in the market within a month, while the remaining coins quickly lose value. To make profits from the crypto market, it is advisable to stick with reliable and high-potential coins.
There are so many coins being created it's a job to keep up and try to get in while they are still mineable... In a month will there be 50+ altcoins? I was happy with new coins being created, but is this too fast and too overwhelming?
In this fast changing context, evaluating variables such as the project's team, the technology involved, market demand, and long-term viability may help individuals make educated judgments. The growing number of cryptocurrencies may reach a saturation point, making it harder to distinguish between genuine initiatives and those with dubious objectives.
Just for the record, this thread is open up 10 years ago, so it's quite surprising that eve in the early days of altcoins, there have been a lot already and investors like the OP is very overwhelm with 2 in day.
Lol, so just imagine if the OP is still very active in this community and seeing that after 10 years, the numbers have grown tremendously, and we really can't keep up with the numbers like every day. And to that point wherein it is really saturated and that most of this projects are just simply for pump and dump. And the only people making money are the devs and those groups.
I just realized after going to the OP's main page and it's been quite a while, so considering that back then coins came 2 altcoins from 1 day then it's very reasonable and crypto is still not growing as fast as it is today.Lol, so just imagine if the OP is still very active in this community and seeing that after 10 years, the numbers have grown tremendously, and we really can't keep up with the numbers like every day. And to that point wherein it is really saturated and that most of this projects are just simply for pump and dump. And the only people making money are the devs and those groups.
Now it is even more uncountable because every day new coins will appear that are made for their benefit and indeed with pumping and disposal now it has become commonplace, it is even overwhelming if you pay attention to the altcoins that never stop coming and going.
There are so many coins being created it's a job to keep up and try to get in while they are still mineable... In a month will there be 50+ altcoins? I was happy with new coins being created, but is this too fast and too overwhelming?
Most of those coins are from the same owners of those shitcoins because after they successfully cammed their innocent investors, they will create another same project with different agenda but their goals are the same they just made another pump and dump coins which will go to become hype for short period then they will going to dump the coins and the cycle goes on. as long as they know they have some people who still believe in their fraud they are not going to stop making such coins because they're making money. they only improve their way of fooling their victims.
They just dump their old created token then move to new one since this is more profitable to have by those scammers than maintaining their old creation. So we need to be aware on this since if we think we can outsmart those scammers they know the other possibilities and for sure they dump first before us. That's why its better not to invest on clear shitcoins because for sure there's no good will happen on our investment and only those scam devs will earn on this schemes.
Currently, creating a cryptocurrency is no problem. Another issue is to create demand for such a product that will provide value. Unfortunately, as long as people fall for various scams or support various pump & dump groups just to earn a few cents, this problem will only grow. Of course, most of these "projects" will die a natural death soon, but such actions are definitely not beneficial for the entire cryptocurrency market and is a great excuse for governments to introduce further restrictions "for user safety"
There are so many coins being created it's a job to keep up and try to get in while they are still mineable... In a month will there be 50+ altcoins? I was happy with new coins being created, but is this too fast and too overwhelming?
Smart people compare a good investment to a long journey. If you want to make money on the manipulation of new coins that will die in a month, then working in this market you will not get investment experience. It's just a game of chance to win, but only the casino earns in gambling. 
There are so many coins being created it's a job to keep up and try to get in while they are still mineable... In a month will there be 50+ altcoins? I was happy with new coins being created, but is this too fast and too overwhelming?
Most of those coins are from the same owners of those shitcoins because after they successfully cammed their innocent investors, they will create another same project with different agenda but their goals are the same they just made another pump and dump coins which will go to become hype for short period then they will going to dump the coins and the cycle goes on. as long as they know they have some people who still believe in their fraud they are not going to stop making such coins because they're making money. they only improve their way of fooling their victims.
there are natural elimination that usually occurs, doesn't matter if each day there are thousands of new altcoins generated they aren't gonna have liquidity or even someone that gonna buys them.
at best they'd just become waste of space, the one that matters are the one that have quality and innovations.
at best they'd just become waste of space, the one that matters are the one that have quality and innovations.
We can have more than two coins in a day being liquidated on a row whereas still have some time intervals space before having any experience of such, i want to believe that even right as we speak like this there are many more about to be launched into the market and those already in the market striving to stay, we cannot be sure of what they are all upto, sone may ended sooner the unexpected way while some may manage their way to remain depending on the developers and it's investors.
There are so many coins being created it's a job to keep up and try to get in while they are still mineable... In a month will there be 50+ altcoins? I was happy with new coins being created, but is this too fast and too overwhelming?
I don't know them that much, because perhaps my criteria for crypto projects are also different, there are things that people are confused about in this space and I have never considered it as a project. Complete project in the crypto space.To be honest, some of the products that I've seen only need to pay to hire the entire production process for a project, all you need to do is choose your own brand, and that's it. I think the number of new projects appears a lot. Nowadays, easy access to social networks as well as participation in the cryptocurrency market is also very open, causing this environment to appear many negative problems, but it is also impossible to forget that the cryptocurrency market is changing. growing stronger over time.
Just for the record, this thread is open up 10 years ago, so it's quite surprising that eve in the early days of altcoins, there have been a lot already and investors like the OP is very overwhelm with 2 in day.
Lol, so just imagine if the OP is still very active in this community and seeing that after 10 years, the numbers have grown tremendously, and we really can't keep up with the numbers like every day. And to that point wherein it is really saturated and that most of this projects are just simply for pump and dump. And the only people making money are the devs and those groups.
Lol, so just imagine if the OP is still very active in this community and seeing that after 10 years, the numbers have grown tremendously, and we really can't keep up with the numbers like every day. And to that point wherein it is really saturated and that most of this projects are just simply for pump and dump. And the only people making money are the devs and those groups.
There are so many coins being created it's a job to keep up and try to get in while they are still mineable... In a month will there be 50+ altcoins? I was happy with new coins being created, but is this too fast and too overwhelming?
Every day crypto currency will always increase mate, shitcoin, top altcoin, memecoin, and even scam coins will always appear on the crypto market,
if you look at the number of cryptocurrencies listed on Coinmarketcap then you will know the answer haha
, so don't enter new altcoin that according to your heart is not good.
There are so many coins being created it's a job to keep up and try to get in while they are still mineable... In a month will there be 50+ altcoins? I was happy with new coins being created, but is this too fast and too overwhelming?
The market is decentralized and that gives everyone the privilege to create as many coin as needed. The onus is on investors to test all projects and know the ones that are worth your money. People earn relatively very high in this industry and the possibility of loosing is still very high. We are all called to be responsible for our financial decisions and DYOR.
Most of those coins are dying in a few weeks anyway. I'm not wasting my time on that, it's better to watch the projects with at least some lifespan, good developers, and some usefulness.
There are so many coins being created it's a job to keep up and try to get in while they are still mineable... In a month will there be 50+ altcoins? I was happy with new coins being created, but is this too fast and too overwhelming?
Every day crypto currency will always increase mate, shitcoin, top altcoin, memecoin, and even scam coins will always appear on the crypto market,
if you look at the number of cryptocurrencies listed on Coinmarketcap then you will know the answer haha
, so don't enter new altcoin that according to your heart is not good.
While the increase in the number of altcoins offers opportunities for investment and mining, it also presents challenges in terms of tracking and making decisions. Concerns over accelerating coin creation are valid, as it can lead to an extraordinary market landscape with many options. The rapid proliferation of new coins in a short period of time raises questions about the sustainability and potential consequences of such exponential growth and that's for sure. our task is to select and choose which rooster. if the chicken is cut, don't enter. It's easy.
It is very simple to create Meme coins, anyone can do it, and since most people are greedy by nature they want to create their own tokens, I read somewhere that the creator of Pepe coins had earlier created 4 Meme coins that were not successful before Pepe coins. Up to 50 coins are created per day if you combine all the blockchain and I have a feeling we are just starting
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