3000+ Cryptocurrency on Coinmarketcap

joshy23

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Quote from: TinaK on December 16, 2019, 01:53:47 PM

Quote from: Duzter on October 23, 2019, 01:00:52 PM

Days back the available number of cryptocurrencies reached 3000+ while the trading pairs have gone above 20750, and today it has got increased to 3025. If the same continues we can expect the number of cryptocurrencies available in the market to be above 3500+

Is this a healthy thing for the growth of cryptocurrency network or is it degrading the value of the system as large number of cryptocurrencies are available with zero trading volume and without any product backing.

When it started we are seeing many coins has been visited on coinmarketcap is not available in the market now because every users want the good coins which can grow in the future purposes.
That aspect thing only we are seeing massive downtrend on altcoins since the market does not performing well.

We do use this site for investment references as many people checking around to see the progress of their supported projects. A lots of coins are no longer performing as the competitions make it tougher from time to time. There' a lots of new creations which are also unsure with the fate that they'll going to achieved while trying to survive with this industry. CMC will keep bringing those coins and give some hints if the project are doing well or not.

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Quote from: janggernaut on December 17, 2019, 05:12:55 PM

What i also hate from CMC is they don't delete any token/coin which has been delisted from exchange and just keep showing their stats even though there is no any market. That's make the number of token/coin they have keep increasing

Coinmarketcap is an aggregator of coins and their statistics.

If they would start removing coins because they got delisted then there would no way for investors who bought those coins to keep track of them. A dead coin may get revived which is the dream of main failed investors.

Also removing coins is a radical steps which will bring in a lot of backlash on the site from the communities and this will lead to its downfall. After all sites like CMC and others depend on user views, donations and traffic to keep the site running. There are already some sites attempting to predate on its downfalls. Get my point?

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Quote from: Duzter on October 23, 2019, 01:00:52 PM

Days back the available number of cryptocurrencies reached 3000+ while the trading pairs have gone above 20750, and today it has got increased to 3025. If the same continues we can expect the number of cryptocurrencies available in the market to be above 3500+

Is this a healthy thing for the growth of cryptocurrency network or is it degrading the value of the system as large number of cryptocurrencies are available with zero trading volume and without any product backing.

The total available coins today are over 3k because not all of them made it to coinmarketcap yet, some are still on queue and many are new projects, either healthy or not bad projects will fail in the end and the market will be left for few good coins

janggernaut

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Quote from: TinaK on December 16, 2019, 01:53:47 PM

Quote from: Duzter on October 23, 2019, 01:00:52 PM

Days back the available number of cryptocurrencies reached 3000+ while the trading pairs have gone above 20750, and today it has got increased to 3025. If the same continues we can expect the number of cryptocurrencies available in the market to be above 3500+

Is this a healthy thing for the growth of cryptocurrency network or is it degrading the value of the system as large number of cryptocurrencies are available with zero trading volume and without any product backing.

When it started we are seeing many coins has been visited on coinmarketcap is not available in the market now because every users want the good coins which can grow in the future purposes.
That aspect thing only we are seeing massive downtrend on altcoins since the market does not performing well.

What i also hate from CMC is they don't delete any token/coin which has been delisted from exchange and just keep showing their stats even though there is no any market. That's make the number of token/coin they have keep increasing

TinaK

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Quote from: Duzter on October 23, 2019, 01:00:52 PM

Days back the available number of cryptocurrencies reached 3000+ while the trading pairs have gone above 20750, and today it has got increased to 3025. If the same continues we can expect the number of cryptocurrencies available in the market to be above 3500+

Is this a healthy thing for the growth of cryptocurrency network or is it degrading the value of the system as large number of cryptocurrencies are available with zero trading volume and without any product backing.

When it started we are seeing many coins has been visited on coinmarketcap is not available in the market now because every users want the good coins which can grow in the future purposes.
That aspect thing only we are seeing massive downtrend on altcoins since the market does not performing well.

janggernaut

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Quote from: TheAndy500 on December 15, 2019, 01:27:21 PM

Quote from: pallang on December 05, 2019, 10:40:07 AM

There are still lots of coins which is not listed on coinmarketcap. Hopefully coinmarketcap can tell us which coin is a pump and dump, and i wish all shit coins will be eliminated. 500 coins on coinmarketcap is much better.

With such a huge speed of creation of new coins and tokens, Coinmarketcap is not able to even add them all. They do not have time to analyze them well and they are already making many mistakes at this point and they sometimes post a scam coin. I think that there will come a moment when they will have to simply remove half of positions and start to thoroughly analyze what will stay.

CMC isn't the one who looking for any coin/token they want listed. They are only get the request from dev who want to add their token on CMC, after that, CMC will verify the token based on their own criteria. Some people said they asked some listing fee from each token they've added

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Quote from: pallang on December 05, 2019, 10:40:07 AM

There are still lots of coins which is not listed on coinmarketcap. Hopefully coinmarketcap can tell us which coin is a pump and dump, and i wish all shit coins will be eliminated. 500 coins on coinmarketcap is much better.

With such a huge speed of creation of new coins and tokens, Coinmarketcap is not able to even add them all. They do not have time to analyze them well and they are already making many mistakes at this point and they sometimes post a scam coin. I think that there will come a moment when they will have to simply remove half of positions and start to thoroughly analyze what will stay.

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Quote from: freedomgo on December 05, 2019, 11:10:37 AM

Quote from: pallang on December 05, 2019, 10:40:07 AM

There are still lots of coins which is not listed on coinmarketcap.

Yeah, OP did mentioned that.

Quote from: pallang on December 05, 2019, 10:40:07 AM

Hopefully coinmarketcap can tell us which coin is a pump and dump, and i wish all shit coins will be eliminated. 500 coins on coinmarketcap is much better.

Then trading and investing would not be challenging.. Grin

Really! No one can tell if the coin is a pump and dump coin as the devs will always say that their project has a good potential to succeed in the long run, they promise to us and its our job to evaluate if the project really has a great future and invest if we are convince.

Identifying a pump and dump wont really be that simple,yet imagine on how many coins in the market and the tendency of pumps on a certain period.Of course
we would really be dubious about it but CMC wont really care too much for them to tagged it out if its a pump and dump or not.As a trader it will vary or depend
on your own discretion if you do plan to deal with it or not.We dont need lots of alts yet most of them are just created on the same platform.

TheUltraElite

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Quote from: Almasani on December 14, 2019, 09:38:31 PM

Actually the presence of crypto is also full of business competition.

Rarely correct. Its much more competitive when it comes to the IPO and stock markets. Here you just see a bunch of whackjobs trying to get rich. Coinmarketcap is an aggregator of coins not a court to decide which one is better than the other.

Quote

If they are not able to compete well, of course, they lose the sale value.

They lost value when they were unable to prepare proper marketing and development. These things dont come cheap and most projects are scraping for finances anyway so they go for the cheaper routes ending with inability to complete their promises of the project.

Quote

It means zero trading volume. Now it has reached 3000+ cryptocurrencies in circulation. But among them, the active ones have platforms that can be used by the public. Such as platform exchanges, wallets, mining, and platforms that provide smart contract services. So what is the fate of tokens that are only present without offering public services? Of course, they will die on the way.

True, this is why majority of altcoin projects have been nothing but snowballing and trying to keep a veil. They are worthless and one should not waste their precious bitcoins on buying them. Rather buy more bitcoin since the price is low and stock them selling in future.

Almasani

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Quote from: Duzter on October 23, 2019, 01:00:52 PM

Days back the available number of cryptocurrencies reached 3000+ while the trading pairs have gone above 20750, and today it has got increased to 3025. If the same continues we can expect the number of cryptocurrencies available in the market to be above 3500+

Is this a healthy thing for the growth of cryptocurrency network or is it degrading the value of the system as large number of cryptocurrencies are available with zero trading volume and without any product backing.

Actually the presence of crypto is also full of business competition. If they are not able to compete well, of course, they lose the sale value. It means zero trading volume. Now it has reached 3000+ cryptocurrencies in circulation. But among them, the active ones have platforms that can be used by the public. Such as platform exchanges, wallets, mining, and platforms that provide smart contract services. So what is the fate of tokens that are only present without offering public services? Of course, they will die on the way.

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Quote from: pallang on December 05, 2019, 10:40:07 AM

There are still lots of coins which is not listed on coinmarketcap.

Yeah, OP did mentioned that.

Quote from: pallang on December 05, 2019, 10:40:07 AM

Hopefully coinmarketcap can tell us which coin is a pump and dump, and i wish all shit coins will be eliminated. 500 coins on coinmarketcap is much better.

Then trading and investing would not be challenging.. Grin

Really! No one can tell if the coin is a pump and dump coin as the devs will always say that their project has a good potential to succeed in the long run, they promise to us and its our job to evaluate if the project really has a great future and invest if we are convince.

pallang

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There are still lots of coins which is not listed on coinmarketcap. Hopefully coinmarketcap can tell us which coin is a pump and dump, and i wish all shit coins will be eliminated. 500 coins on coinmarketcap is much better.

freedomgo

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The increase is expected, however it is not healthy since majority of the project are just scams.
If we like a growth to the market, we should have more good projects than bad so investors will not be disappointed, its like quality over quantity.

The big volume of that are from ICO but as ICO losing its market, the increase will be slowly as in IEO only few exchanges are trusted and they don't host an IEO on a daily basis.

inthelongrun

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I think we have over 3,000 crypto currencies but many of them are not listed in Coinmarketcap as they cannot pass the standard the coin tracker is asking. Having many altcoins has its positive and negative side. Many altcoins being launched means that the industry is highly in demand and on trend. The negative side is there are coins that not necessarily important. We don't need to have many coins because we are not supposed to pay different kind of coins in every merchandise.

DeathProxy

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I wont support this as a good thing. More reason we have many scam coin on many exchanges now that have made away with the hard earned money of investors and traders. This will give cryptocurrency a bad reputation as many other new investors wil be afraid to join crypto for fear of lossing their funds. More reason the crypto space needs regulation. With regulation all these creation of many coin can be minimized and rate of scam projects minimized also

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FYI,it was increased to 3075 at the moment from 3025 couple of weeks earlier which only includes the listed coins on exchanges but still thousand more token waiting for to get listed on any trading exchanges so this proves something to the crypto users,most tokens and coins were nothing but a trash so if you were holding any coins with less trading volume then it has chances of going worthless soon so you have to move it to another ans save yourself from serious loss.

Yes it actually make more difficult for the newbie investors but it won't take too much time for them to understand how much coins actually got potential to invest which must be less than 50 in total.

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Quote from: coin-investor on November 04, 2019, 08:30:52 PM

Quote from: Duzter on October 23, 2019, 01:00:52 PM

Days back the available number of cryptocurrencies reached 3000+ while the trading pairs have gone above 20750, and today it has got increased to 3025. If the same continues we can expect the number of cryptocurrencies available in the market to be above 3500+

Is this a healthy thing for the growth of cryptocurrency network or is it degrading the value of the system as large number of cryptocurrencies are available with zero trading volume and without any product backing.

We are still in the discovery phase so I think many projects are still going to come in hoping for acceptance in the community, it is the task of investors to support legit projects that will contribute to the growth of blockchain and Cryptocurrency, I have invested in a lot of projects in the past, but they are now dead, because they really don't have usage or their time has not yet come.

For the fame got by cryptocurrency right now it's no surprise that there would be more coming specially those scam coins and it's really bad to see if this scam will be added on the scene since it could kill the interest of majority and provably government will prohibit the usage of it. And maybe it's a time that there's a certain regulation for cryptocurrency so that we can maximize the growth of the blockchain together with all the cryptocurrency.

TheUltraElite

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Quote from: Mahanton on November 04, 2019, 10:49:17 AM

People will just continue to look at and the worst they do invested out because it had been suggested nor being advertised and the cycle continues.

The cycle breaks when someone stop investing in the shitcoins and focuses on other modes of investment or just bitcoin.

Coinmarketcap is not at fault here. The fault lies in the wrong thought process of the people using the site. CMC is just a list of all the coins that have been listed on exchanges. You are free to use that information as and when you wish, just like the internet itself is. Whether them keeping shitcoins with low value listed is your take.

Hence it is the wrong metric to look into while investing. Day traders typically dont use CMC for API requests though because they are delayed about an hour or so.

tippytoes

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Quote from: coin-investor on November 04, 2019, 08:30:52 PM

Quote from: Duzter on October 23, 2019, 01:00:52 PM

Days back the available number of cryptocurrencies reached 3000+ while the trading pairs have gone above 20750, and today it has got increased to 3025. If the same continues we can expect the number of cryptocurrencies available in the market to be above 3500+

Is this a healthy thing for the growth of cryptocurrency network or is it degrading the value of the system as large number of cryptocurrencies are available with zero trading volume and without any product backing.

We are still in the discovery phase so I think many projects are still going to come in hoping for acceptance in the community, it is the task of investors to support legit projects that will contribute to the growth of blockchain and Cryptocurrency, I have invested in a lot of projects in the past, but they are now dead, because they really don't have usage or their time has not yet come.

Yes, indeed! Everyday you can still encounter new projects trying to introduce their platform and most of them want to raise funds via crowdsourcing. Very few have private funding. So more or less, very few will rise from all these new projects.
I have invested in few projects before but unfortunately, they were dead also. No trading volume, no activity, nothing. I have learned my lesson from those projects. Even they are promising at your point of view, it is not an assurance that they will do good in the market. The fate is on the hands of the developers, how they can utilize their funds to deliver their objectives. And the community that will support such platform. If there is no real benefit that you can derive from their app or their platform, then it will be deemed useless and so it will die very soon.

coin-investor

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Quote from: Duzter on October 23, 2019, 01:00:52 PM

Days back the available number of cryptocurrencies reached 3000+ while the trading pairs have gone above 20750, and today it has got increased to 3025. If the same continues we can expect the number of cryptocurrencies available in the market to be above 3500+

Is this a healthy thing for the growth of cryptocurrency network or is it degrading the value of the system as large number of cryptocurrencies are available with zero trading volume and without any product backing.

We are still in the discovery phase so I think many projects are still going to come in hoping for acceptance in the community, it is the task of investors to support legit projects that will contribute to the growth of blockchain and Cryptocurrency, I have invested in a lot of projects in the past, but they are now dead, because they really don't have usage or their time has not yet come.

Topic: 3000+ Cryptocurrency on Coinmarketcap (Read 804 times)