Topic: 3000+ Cryptocurrency on Coinmarketcap - page 5. (Read 806 times)
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.
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.
Well, from 3000+ cryptocurrency does not necessarily have a bright future, many products die when the price of the token has no value, so I only rate 70% real Coinmarketcap and others have no volume, and I wonder why Coinmarketcap no cryptocurrency removal action is dead.
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.
Altcoins can be a good thing. They can be the training ground for new ideas, they can back interesting projects.
But right now they are out of hand. Too many worthless projects only live to create a bit of hype, get listed, drain some investors' money and die off.
It's not CMC. It's also the discussions and spam(!) associated with them (which they make for increasing awareness).
In certain limits it would have been healthy. But we are way beyond those limits.
Can we do anything to distinguish the completely irrelevant projects and stop them from getting listed at exchanges, from getting discussions around them on forums, reddit, twitter and so on? Not really.
TL;DR: it's not healthy, but there's no solution against them either.
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.
Things actually are pretty different now compared to what they were back then. Actually back then we were having a low BTC dominance of around 40% which means 3000 Cryptocurrencies were actually floating around with maybe a minor volume. But now with BTC starring most of dominance rest of the 3000 is merely a joke. They hardly get traded and their last traded prices are over 20 days ago. They just have a fictitious market cap which can vanish anytime. So I don't really think this is a good thing. We don't need new cryptocurrencies anymore we need the ones already there to get align with their motives. 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.
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.
This is not a good thing for sure. There are too many worthless cryptocurrencies in the market and it will be like that as long as the system lets any cryptocurrency into the market. I hope there will be something to do about this situation in the future.
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 the true danger of a decentralized network, where anyone and everyone can participate without the fear of being identified or restricted! It's not a great scene to have 3000+ cryptos available in the market where 99.99% of them doesn't have any real-world utility! It is only making the situation worse and investments are getting divided among many! We certainly don't need one crypto to buy food and another to buy movie tickets! The market is just going to be over-crowded with thousand of scammers in disguise of a crypto creator!
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.
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.
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