3000+ Cryptocurrency on Coinmarketcap - page 3.

Pearls Before Swine

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

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.

Wow! I didn't realize there were so many coins on the market. I never actually checked, of course, but I thought it was in the hundreds at most.

No, I don't think this is a healthy thing and yes, I do think that there will probably be at least 3500 coins and/or tokens on the market in no time. The problem is that there's not enough money or interest in most of them, and as you pointed out the worst of the worst have no trading volume and can't be sold at any price. Those are the coins which are truly dead beyond resurrection, and I'm sure there are a lot of them.

I would only buy coins in the top 50 on coinmarketcap, with few exceptions and I have stuck to that personal rule faithfully. I don't speculate in coins with valuations approaching 1 satoshi, which is a sure sign that a coin is moribund. The top ranked coins are the ones with large communities, high trading volume, and usually a relatively high price. They'll be the ones that survive the next 10, 20 years or so. The rest are headed toward the afterlife with all but one nail in their coffin.

Kunotcoin

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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.

Will in the long run i don't think those so called shitcoins are still there since the cryptocurrency market is very hostile specially for those coins/tokens that has not any value and use case.

Ferris419

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It is actually degrading for crypto, not that growth! Because we have more than 3000 coins but most of them have no use cases, not mentionable trading volumes and no working products. With the 3000 projects, crypto still not in mass adoption. If you count masternodes coins, crypto has almost 6K coins. So, this is not helpful for the crypto environment, we need fewer projects with working products!

crisanto01

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Quote from: DabsPoorVersion on October 24, 2019, 10:29:57 AM

Quote from: Experia on October 24, 2019, 10:19:50 AM

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.

Those coins that has been listed on CMC are once before a good coin in the market even for a while, and since those coins has been left behind because of different project and coins raising it will truly affect the trading volume of it and I cant see it as unhealthy because of lots of project that are raising.

Those old crypto are being left behind by the newly popular altcoins, it is to be expected since crypto is improving. We expect for more develop altcoins in the future and more old cryptocurrency will be added to the list of altcoins with no volumes in the market.
An altcoin was only left behind due to one reason, developers were not able to adapt the changes and improvements they need to apply in their altcoin.

Which in fact, those coins should be eliminated in CMC, it's so really depressing and stressing to see a lot of coins there but almost all have no real use case and no value of it, CMC should do something about it to avoid confusion from beginners and for us to be able to move on with the shitcoins we are still holding at.

DabsPoorVersion

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Quote from: Experia on October 24, 2019, 10:19:50 AM

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.

Those coins that has been listed on CMC are once before a good coin in the market even for a while, and since those coins has been left behind because of different project and coins raising it will truly affect the trading volume of it and I cant see it as unhealthy because of lots of project that are raising.

Those old crypto are being left behind by the newly popular altcoins, it is to be expected since crypto is improving. We expect for more develop altcoins in the future and more old cryptocurrency will be added to the list of altcoins with no volumes in the market.
An altcoin was only left behind due to one reason, developers were not able to adapt the changes and improvements they need to apply in their altcoin.

strunberg

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Quote from: OasisDre on October 24, 2019, 10:02:08 AM

Its insane with the amount of coins and tokens we have in crypto world, they are mostly been built on unrealistic ideas and they have no real use, its left for all investors to choose wisely and thousands of these coins and tokens will sure die, that is certainty

they just want investor's money.in their purpose how to earn lot of money by creating shit projects in market.and now we see almost 95percent token or coin in cryptocurrency was useless.they successful take investor's money and exit scam with elegant ways after listing token to shit exchanges.

Experia

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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.

Those coins that has been listed on CMC are once before a good coin in the market even for a while, and since those coins has been left behind because of different project and coins raising it will truly affect the trading volume of it and I cant see it as unhealthy because of lots of project that are raising.

o48o

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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.

It's healthy and unavoidable. Anyone can create a coin and it's even easier to create a token. It just raises the flow of smart money into high marketcap coins when people realize where the stupid money is going. Anyone is free to try out their own idea of a token or coin, and everyone is free to invest to in any idea. I am a big believer on markets darwining them selves out.
There will be even more scams and shitcoins because the stupidity of people is an endless supply. Only thing we can do to make a difference is spreading information or suing the real scams afterwards.

boltz

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Coinmarketcap should renew their policy about listing new coins there so in this way they could prevent fraud coins to be listed there. Now you need to be listed on a good exchange and have a certain volume and capital in order to be listed but all of this can be done with money and bots for capital and volume. I think they should renew it by making deep researches on the projects before they actually list it as they add more coins every day and most of them after top 150 won't even make it to the next bull run...

Bellarg

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And 2800 of them are totally trash. 1.5k is dead i guess. They should clean thier list

ajeef

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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.

I think it's healty and good because there are many people projects and idea to create crypto's environment and let the investors decide which one fit them to best.
The strongest and the most futuristic project will be on the top and the rest are lose and some are scams too

OasisDre

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Its insane with the amount of coins and tokens we have in crypto world, they are mostly been built on unrealistic ideas and they have no real use, its left for all investors to choose wisely and thousands of these coins and tokens will sure die, that is certainty

pamsugas

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with its many new crypto means that crypto is very popular with people.

crypto with zero volume and no product is certainly not good. Coinmarketcap has a requirement to melisting coins, chances are the coins will be deleted immediately right.

bryant.coleman

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Even now, the majority of the cryptocurrencies are not listed in Coinmarketcap, because they don't qualify the strict requirements of the CMC. In order to get listed, the cryptocurrency should be having a certain trade volume maintained over a specific period of time. Many of the shitcoins are excluded, because they can't maintain this threshold. If this requirement is removed, then we'll be having more than 10,000 coins and tokens listed in the coinmarketcap, as opposed to the current number of 3,000+.

smyslov

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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.

For me it's really bad, but investors now knows how and where to invest, so in time it will diminish, the number of new coins are now lesser than two to three years ago, maybe in the next five years the market will stabilize with the number of coins that has usage and products and services associated with it, and besides investors only care for coins that are in the top 100.

Kvalentine

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New coins are been built to do better than old coins but instead many useless coins are been build, i see no reason for all this coins to be in existence since they are not usefull, thousands of coins is way too much if you ask me, we don't need that much, investors needs to be wise and smart

finzyoj

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Not a good sign at all because if you will compare the ratio of good and true valuable coins from shitcoins the result with be very far from one another. There's a super huge gap between one another. So if we assume that alts grow more and more, shitcoins tend to expand even further. More of it will means more victimized investors. Then when many people are getting scammed, it means many people will get mad at the crypto community. It was surely a disaster Sad

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pedpedped101

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What bothers me most, is that with the increased numbers of coins in the market, they all seem to be competing with the limited available funds, not considering the fake volumes on some exchanges.
If you look critically well into it, the number of coins is far above what is seem recorded by coin market watch sites, because some have not been officially listed and some have not attained the volume, to be qualified for such listing.
There are coins that have been lusted, yet the volumes have drastically depreciated.

tenakha

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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.

These are the normal ones that coinmarketcap listed. However, there are more than ten thousand coins that are not here. I think it does not matter how much the number is, unless it is scam. Already the powerful ones remain to the end. On the contrary, the more there are, the more choice we have in finding what we want.

JwJimJim

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A lot of the innovators in the crypto space are being outdone by coins with large financial resources and marketing. A lot of these coins and some in the top 100 are dead coins when it comes to blockchain progress but not dead due to high trading volumes, for new people it's hard to determine what is a good crypto and price is a easy way to fool someone into thinking it's a good project.

Topic: 3000+ Cryptocurrency on Coinmarketcap - page 3. (Read 804 times)