3000+ Cryptocurrency on Coinmarketcap

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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

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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

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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Quote from: TheUltraElite on November 04, 2019, 03:21:04 AM

Quote from: Casdinyard on November 01, 2019, 01:18:27 AM

Quality over quantity will do good than shitcoins piling up on CMC. Ideally, we don't need those 3000+ shitcoins when in reality only 25% ( assuming ) of it are performing good.

It is useless to talk about quality because that never happens. Those who are usign these sites need to learn how to stop wasting their time on them looking through a pile of shitcoin. I mean having a huge portfolio is good if you can handle it but most of them are shitcoins.

Unless you are some of those "serial entrepreneurs" you would not having a spreedsheet like the scamgods of youtube (you guys know them I am sure) to show off to your viewers.

In another sense if you are truely into investing you are having a portfolio that is diverse and there API to get prices from CMC and other commodity market aggregators would be good. For them its actually helpful.

We would only see rather 5% which are totally doing pretty well into the market.Yeah you are right that its really useless to talk about quality
because as long these coin creators would continue to make their own choice the word "quality" wont really be fully implied.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.

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Quote from: Casdinyard on November 01, 2019, 01:18:27 AM

Quality over quantity will do good than shitcoins piling up on CMC. Ideally, we don't need those 3000+ shitcoins when in reality only 25% ( assuming ) of it are performing good.

It is useless to talk about quality because that never happens. Those who are usign these sites need to learn how to stop wasting their time on them looking through a pile of shitcoin. I mean having a huge portfolio is good if you can handle it but most of them are shitcoins.

Unless you are some of those "serial entrepreneurs" you would not having a spreedsheet like the scamgods of youtube (you guys know them I am sure) to show off to your viewers.

In another sense if you are truely into investing you are having a portfolio that is diverse and there API to get prices from CMC and other commodity market aggregators would be good. For them its actually helpful.

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Quote from: plast555 on October 24, 2019, 04:12:01 PM

Competition is always good. Because it contributes to the maturation of the market. That way we can see the good or the bad in a much freer way.

In the long run, many of these 3000 cryptocurrencies will disappear, but new ones will continue to be integrated into the system. Diversity is always good as long as each serves a different purpose.

Quality over quantity will do good than shitcoins piling up on CMC. Ideally, we don't need those 3000+ shitcoins when in reality only 25% ( assuming ) of it are performing good.

Found this article though it's 4 years ago so surely the percentage increase more.

Quote from: https://www.google.com/amp/s/cointelegraph.com/news/coinmarketcap-about-40-of-the-coins-ever-added-to-the-site-are-now-inactive/amp

CT: Has CoinMarketCap ever permanently removed a coin from being listed on the site? If so is there a list of delisted coins? How about delisting an exchange?

G: About 40% of the coins ever added to the site are now "inactive" due to failing to meet the basic criteria. In virtually all cases, the reason for delisting is because all exchanges have delisted the coin. There is not currently a list of these coins, but perhaps in the future. Exchanges get delisted when their API fails ceases to work for a significant period of time.

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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 would not say that it is an healthy move because most of those projects that you are looking at don’t seems to have real working product backing them which means that at no point would they be able to get volume for the market other than the ones they have gotten at the initial stage of their ico when they made lots of hype for presale.

The disadvantage of this also is that it will get people confuse, because the more project that we have in the market, the more it will stress people to stand finding the reliable ones out, but if we have few projects, it would not be really difficult to be able to select anyone that we know will be of great value or asset to us in the future when the cryptocurrency start getting being used more than it is now.

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People nowadays are taking advantage of the decentralized market and creating their own token and copying some other projects code and changing the name. That's why its much better if CMC will not list any token that is not worth it. Too many altcoins are wortless and not usefull at all.

But i think it cannot be stopped and more altcoins will be created using the ERC20 and i don't why they are creating a duplicate project and just changing a minimal description and maybe because the target to to get funds from investors.

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Quote from: janggernaut on October 28, 2019, 06:58:00 PM

Quote from: shoreno on October 27, 2019, 12:30:37 AM

people got now smarter today when compare to before especially that the value of cryptos are now in a crucial condition so why would they even pick risky coins ? but id say that this is still healthy because the number of interest in crypto are still growing . tough competition like this are healthy than not seeing any competition at all but its only up to the person if he will decide to pick up those accesory coins or not

Too many options about crypto isn't a good thing from my opinion. There are tons of shit token out there which created for no purpose, they just created to earn some quick money throughout their ICO/IEO, even those token listed on many exchange sites. Just hoping these exchange sites which accepted any crypto just delist them all and only list some good token/coins

At the end, it will be like that. Dead project or non profited coin for exchanger will be delisted. But, new one will keep come. And as long they are fill the exchange's requirement they will listed. Maybe it is all depends on us as crypto traders, users, and investors to filter which project that can be profitable or not.

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Quote from: shoreno on October 27, 2019, 12:30:37 AM

people got now smarter today when compare to before especially that the value of cryptos are now in a crucial condition so why would they even pick risky coins ? but id say that this is still healthy because the number of interest in crypto are still growing . tough competition like this are healthy than not seeing any competition at all but its only up to the person if he will decide to pick up those accesory coins or not

Some risky coins can have room for growth or the other way around. Just reseach about their product and team and how far they want to vision their product. While, it is good to invest for top coins at this rate and status of the market. But in the future as technology advances more and new investion and idea attain , we must still give chance for new coins. Those who are long time no development coins in cmc must be delist to give spot for new that are legit and have product to be noticed.

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Quote from: shoreno on October 27, 2019, 12:30:37 AM

people got now smarter today when compare to before especially that the value of cryptos are now in a crucial condition so why would they even pick risky coins ? but id say that this is still healthy because the number of interest in crypto are still growing . tough competition like this are healthy than not seeing any competition at all but its only up to the person if he will decide to pick up those accesory coins or not

Too many options about crypto isn't a good thing from my opinion. There are tons of shit token out there which created for no purpose, they just created to earn some quick money throughout their ICO/IEO, even those token listed on many exchange sites. Just hoping these exchange sites which accepted any crypto just delist them all and only list some good token/coins

rocku12345

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Every coin in the CoinMarketCap`s list is a part of cryptocurrency history, no doubts. Many of altcoins breng pretty important value to thepumping market in 2017 but surelly several of them have to stay in history or at least make a really productive cooperation between each other. E.g. produce union of Decentraland and WINk and get a big support of gaming community.

On the other hand these 3000+ are giving us the speed of the crypto`s world expanding. It may help in understanding investing climate because shows trend of projects executings.

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people got now smarter today when compare to before especially that the value of cryptos are now in a crucial condition so why would they even pick risky coins ? but id say that this is still healthy because the number of interest in crypto are still growing . tough competition like this are healthy than not seeing any competition at all but its only up to the person if he will decide to pick up those accesory coins or not

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

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.

Several projects essentially died out. Even if some badholder of that project attempts to keep the flickering lights on with their shilling, the devs abandoned it and the exchanges have delisted them.

This is true for many coins and since CMC has to keep all those coins in one place their metric will show a big number. This does not correlate to the actual number of coins that are doing good. In my opinion only the top 10 coins except the forked coins is what is needed to be kept an eye on.

One can consider it to be unhealthy, but it more of a historical value that failed projects make up more than 90% of the CMC lists - which should make new investors wary of what to expect in these hostile waters. Grin

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It depends, people think there are millions of dollars going into those things but at the same time if you look at the volumes and even funding most of them look fake, some of the mare not even really funded, they just airdrop a useless coin.

So in the end, there are 3000+ coins but what really matters is the top 1000 coins that actually makes a change in bitcoin world, the rest are totally useless and worthless and is neither bad or good for the bitcoin world because they are irrelevant. Looking at the top 1000 you can say some of those are useless as well, I have always supported the top 50 coins and said they were enough because people are creating useless coins now, yet in the end we are still getting new ones.

If could squeeze every penny out of all other coins and put them all into top 50 coins than we could had a lot bigger market cap since that would skyrocket the prices and also create a hype both on crypto world and even on mainstream world.

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Quote from: Ferris419 on October 24, 2019, 11:03:42 AM

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!

many investors who invested in wrong coin which has no value at all makes many coins created, so if we dont wanna see many shitcoin around, i think we must educate new investors

shitcoin devs just wanna steal money, they are alive because of investor gives it. dont do continously in order to stop many shitcoin created

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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 not healthy again. Back then, in 2016-2017 while there were around only less than 1k crypto (on that time ICO or IEO even didn't as much as this now), so people can focused on few trades. Any token/coins which only has small volume should be delisted from all exchange so there will be only legit coin which we can trade

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Quote from: plast555 on October 24, 2019, 04:12:01 PM

Competition is always good. Because it contributes to the maturation of the market. That way we can see the good or the bad in a much freer way.

In the long run, many of these 3000 cryptocurrencies will disappear, but new ones will continue to be integrated into the system. Diversity is always good as long as each serves a different purpose.

We have seen enough i guess because majority of coins are using up the same platform(getting mostly from top alts) and the rest are pure trash.

There are several projects which do had some actual usage which is considerable but majority of them are just copying from each other thats why
it isnt really that necessary to have more.We've seen theres still ICO happening nowadays which this will clogged up more the entire market.

We dont need more any shitcoins but i agree that these coins will not last for long time and only good project will surely remain.

plast555

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Competition is always good. Because it contributes to the maturation of the market. That way we can see the good or the bad in a much freer way.

In the long run, many of these 3000 cryptocurrencies will disappear, but new ones will continue to be integrated into the system. Diversity is always good as long as each serves a different purpose.

xiboothrezi

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

snip-
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.

Although every day new coins and tokens appear, but not all of them can survive in the cryptocurrency ecosystem. Of the thousands of coins and tokens, only those with strong, innovative, unique products and have high investor confidence can form an ideal market capacity. I see many cryptocurrencies indicates that this is a promising new land, meaning that more people or groups or companies are competing in creating a cryptocurrency with unique niches that attract users and investors in particular. That is why natural selection applies here, coins and tokens with weak market capacity will become less valuable because they lose investor and trader confidence.

Darktongue

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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.

This is the correction of cryptocurrency for new technology. Slow and low developers correction time. Two months ago one token rank was 1200 but yesterday this token rank was 2035. Better token is taking better position, this is healthy thing for the growth crypto.

Reid

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Competition is great but if the projects under it is just being repeated without any upgrade then it sucks to see that kind of number.

Effects to the crypto market will be bad too specially the giants like bitcoin and Ethereum.
Dividing all those money even for just 20,000 USD per piece of that crypto coins will take the demand down and also the market having a lower volume.
We could actually see it now. If the bitcoin price didn't grew then we might be seeing more low numbers of market cap.

rmhuntley

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HALA MADRID

In market competition, the principle is who is the best, so he will be lucky. The more crypto products on the market will create competition, and traders will certainly choose which products have the advantage. I dont think the number of crypto products will interfere with the system. But this is another positive thing from the growth of cryptocurrency in various countries.
Unseeded products will be difficult to attract the merchant's interest until they are ignored and become a failed product.

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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www.Artemis.co

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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#SWGT PRE-SALE IS LIVE

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

.

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.

maydna

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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.

CryptoBry

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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.

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...?

ecnalubma

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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.

comchien

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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.

matchi2011

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Quote from: dimox on October 24, 2019, 04:10:12 AM

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 those
dead 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.

Aabcde

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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.

dimox

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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.

Herbert2020

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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.

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.

Rodeo02

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avatar and signature space for rent !!!

Quote from: 4maxzath7 on October 24, 2019, 03:16:10 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.

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.

Even they have a good marketing plan this will not be enough . There are many coins want to be supported and only few community supporting it .
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.

Kupid002

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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.

Its not healthy since investors will be devided to invest in different coins and the price will also be affected with different demand .
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.

Clark05

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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.

4maxzath7

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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 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.

Doranile432

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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.

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

Chrystora123

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Omicron is another FUD

Quote from: BlacksmithCorporation on October 24, 2019, 01:49:52 AM

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.

edmundduke

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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 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.

irsykes

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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.

Ucy

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Compare rates on different exchanges & swap.

Quote from: Wysi on October 23, 2019, 01:09:41 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.

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.

Kotone

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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.

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.

asriloni

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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 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.

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.

DaMut

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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.

BlacksmithCorporation

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arcs-chain.com

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.

bassbity

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Quote from: Wysi on October 23, 2019, 01:09:41 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.

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.

NeuroticFish

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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.

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. Undecided

TL;DR: it's not healthy, but there's no solution against them either.

teosanru

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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.

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.

Expecto

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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.

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.

avikz

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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 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!

Wysi

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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 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.

Duzter

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Leading Crypto Sports Betting & Casino Platform

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.

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