Yes, we will be going to see more new coin/token will be launch in the future, and that number will increase more. But for the good coin, I guess that we can see only half or less that will be good for trade while the rest of the coin/token will not be profitable. But while the project on every new coin still running, the number for the good coin will also increase.
The big number of the coin at the market is not healthy for the crypto itself because people will be focusing on the top 100, and they will not search the other coin. I think people will feel that it is enough to choose or pick one or two coins from the top 100 or less than the top 200. But with the bigger list of the coin at the coinmarketcap, it will make a competition for every coin in the list so they will try to give a good project to people.
Topic: 3000+ Cryptocurrency on Coinmarketcap - page 4. (Read 806 times)
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.
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.
Ideally, the more number of players in the industry the better it must be for the whole market because people now have a choice. The biggest problem is that this increasing number pf players do not correspond to an increase in the quality of the projects as many of them as just "me-too" type and many just don't have use-cases clearly defined thus they don't have targeted market of their own...they can be good in their Whitepaper but look closely you can be discouraged at what you can see. The deregulated and decentralized nature of the blockchain and cryptocurrency have produced little monsters that are not contributing a lot to the health of the whole industry. This is what we get when we allow the open market take anything thrown into it without an established vetting process at hand. Sooner or later, these entities must be weeded out when intense competition is setting in. I am wondering what are the things we can do as ordinary watchers of this industry to make the marketplace as healthy as it should be...?
Coinmarketcap is also listing garbage and they don’t care, i think they have to re evaluate their list and list only alive projects. Anyway we don’t have to monitor all of them and if the list is scraped probably around 50% might be left.
That's not really good for this market, there are too many cryptocurrencies that do not have a function or product that are also traded, it will destroy good cryptocurrencies, we should restrict and should not store. it's inexperienced. Hopefully bad projects will automatically disappear from the crypto market and return a real market.
actually, if is there dead coin or dead token, they must remove them, clean it and make it good for the survived coin. its not good if there are many coin or token in there, its like many garbage in one place, even though many coin is dead coin.
If that's possible better do it while it's still can, since everyday another new tokens/projects being offered. Having it clean and removed thosedead projects will help to free some space and to have good options for investing your money.
Hope things will be properly sorted for much better market place for both old and new traders.
I don't think I need to worry about that. Something new there will definitely be many followers who copy it. This indicates that the crypto world is in demand and continues to grow. Personally, I found 2 conclusions about it. First, the number of coins or tokens that appear causes crypto information to spread faster throughout the world. Second, the presence of new coins can also backfire on the crypto world itself, as is the case with scam projects.
On the other hand, people will eventually learn to the truth that eventually brings coins or tokens that really have the function and usefulness to be a good asset for the future.
On the other hand, people will eventually learn to the truth that eventually brings coins or tokens that really have the function and usefulness to be a good asset for the future.
actually, if is there dead coin or dead token, they must remove them, clean it and make it good for the survived coin. its not good if there are many coin or token in there, its like many garbage in one place, even though many coin is dead coin.
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.
of course it is not healthy, it is lowering the quality of the "cryptocurrency market" and also it is basically reducing the value of the term "cryptocurrency" and at this point it is nearly equal to "crap". and the worst part of this is that all of them are worthless coins that are repeating the same ideas over and over again. if there were actually some innovations taking place then the large number wouldn't have been that bad. but unfortunately that is not the case here.
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.
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 as you, right now, on coinmarketcap has a lot of coin that doesn' t have a volume of trading in exchange,
i think these projects don' t focus on marketing project, and there' s no support for developing product development.
because of too many coins in the market and many more choices all of them have different goals / roadmap the investors is divided to different coins and that is the first reason why most of them has no demand.
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.
Its not healthy since investors will be devided to invest in different coins and the price will also be affected with different demand .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.
If we can only stick to top 100 coins and improved morething they needed to make it more usable.
we dont need too many coins we need a coins that can be usable online or in real world currency.
Expect mors coin list to the coinmarketcap because there is more coins or tokens are coming every months. It's prove that cryptocurrency is good for investing money and the interest of the people are there because many people create a ccin or even the token. We saw a lot of changes happened in the CMC before the list of the token only hundreds or 1000 but loon it's more than 3000 and counting.
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.
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 as you, right now, on coinmarketcap has a lot of coin that doesn' t have a volume of trading in exchange,
i think these projects don' t focus on marketing project, and there' s no support for developing product development.
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.
If they are all good coins and tokens it would have been a different story but since over 70percent of them are bad its really not healthy at all, all these useless coins share among the entire crypto volume and it would have been better if only few good coins share all that available volumes 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 CMC only lists the coins that qualify for it, there are a lot of coins that are not listed on the CMC, so the actual number of coins is a lot larger than the number 3000. I think we don't need to worry. about how too many projects will affect the cryptocurrency space, because Weak projects will get rid of themselves.
CMC only lists crypto coins from a coin that has real transactions. Besides CMC, I also monitor cryptocurrencies on the smartphone application. in that application, I see that currently there are a total of 6300+ cryptocurrencies circulating on the market... the amount of cryptocurrency will continue to increase each year but natural selection will occur, @s you said that coins from weak and uninteresting projects will get rid of themselves. 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.
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 ability to create your own token/coins is a positive thing. There will always be people who want to take advantage of anything to make money and scam people but i think the positives outweigh the negatives. Some of these coins bring a lot of new minds to the scene and with them innovation. It feels inevitable that large parts of the financial world moves onto using tokens but before this happens the innovation that these coins bring needs to happen.
Maybe that means, there are a lot of altcoins created either it is tokens or coins. And for each of it, how many people lose their investment because of it. But i think for now people already know where to make investment, or maybe that is why ICO for now sometime not success.
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.
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 not good sign as it's a sign of worriness wherein more than half of the crypto coins are in exchanges without trading volume and there is no use of quantity we expect quality products in order to prosper the crypto world. I think Coinmarketcap cap should filter those dead coins and renew the list and it's high time we need a separate platform to check only the performing coins.
I thought coinmarketcap filters out deadcoins? The site is probably overwhelmed or don't think it's necessary?
Well, I think sites like that would do a better job if they are properly funded. There are lots of factors to consider before delisting or accepting any cryptocoins. Would be nice if this is done right.
By the way, this issue is not unique to cryptocurrency world. If you could develop a coinmarketcap for real world businesses, you will be shocked by the number of dead/failed businesses in existence. This space is alittle more transparent and we are all overwhelmed by the truth. Should we then hide the truth and continue living in darkness? I don't think so.
Exchanges and sites like coinmarketcap need to be more thorough. I wish each exchange could have 2 seperate platforms, 1 for good cryptocoins while the 2nd will be permissionless for unfiltered coins. Users should be able to access both platforms.
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.
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.
Got a point. I think I gonna choose a market where its only few but the stability is good and lots of demand. New coins and tokens popping everyday, investors are torn apart which one is most suitable for their log term investing. But there are coins and tokens needed to be traded good in order to survive so this is unhealthy I think. I prefer a deep pocket project which can sustain longer in thr market even without much demand from trading and public.
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 not a healthy thing, and I thought that more than crap coins not listed on CMC. You can see coingecko has a different result on the total existing coins in the cryptocurrency ecosystem and it's more than 5k coins. 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 can say only a few hundred are still traded with volume more than $100, but the rest are dead coins.
I think CMC must start to delist the crap coin from there, but this will not help to make the ecosystem becomes healthy ecosystem again.
It's an unhealthy thing, and it's degradation of the cryptocurrency ecosystem. Even though CMC has already used new requirements to list a new coin but so many crap coins are being added every month, and the manipulation that comes from the exchange site is also a big problem.
In theory, this is a good thing because a fresh project usually brings new ideas and pressuring the existing project causing them to improve what they have right now. But in cryptocurrency, there is a few of them that brings a new idea and most of them are only copy-paste project giving us zero value.
in other words, the increase of total project is degrading the value of the system mostly other than bringing a new idea and growth to the system.
in other words, the increase of total project is degrading the value of the system mostly other than bringing a new idea and growth to the system.
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