Can New Projects compete with the established ones?

Tylev

full member

Activity: 854

Merit: 104

Quote from: AnimeKingman on February 02, 2019, 08:25:40 PM

Hi everyone; as I'm sure you're all aware new projects continue to flood into the crypto space at a regular pace; (my newest favorite being GRIN and Nauticus) however I am wondering if these can compete with the established projects like BTC and BNB?

https://grin-tech.org/

I feel like Grin is a much more fair playing ground than Bitcoin; with no premine and no ICO etc; and much stronger privacy (maybe better compared to monero?)

https://nauticus.exchange/

Much like Binances BNB due to trade fee reduction; but with FIAT onramping and Securities incoming.

Can newer projects make big enough waves to usurp their much older larger brethren?

Of course, promising projects and their coins or tokens will be able to successfully compete with already known ones. Only for this they need some time to declare themselves, to show their usefulness and advantage over other types of cryptocurrencies. Over time, market participants will in any case appreciate the advantages of new cryptocurrencies and their popularity will grow. An example of this is the EOS coin, which almost immediately began to grow in popularity, since everyone saw its advantages over ethereum.

Fluxtorrence9

member

Activity: 336

Merit: 12

The reason why we having more newer coins is to surpass the old ones and create better privacy haven for all crypto fans this is why I think that bitcoin will lose its crown someday, to judge things right we have few coins that are way better than bitcoin in my own view

globetrotter43

jr. member

Activity: 42

Merit: 1

Bcnex - The Ultimate Blockchain Trading Platform

Yes indeed! the newer projects have an advantage of identifying the drawbacks of the older projects thus coming up with a better solution in order to compete and take the lead in the long run. The playground is always open for entrepreneurs.

Loedong

jr. member

Activity: 378

Merit: 1

both new and old projects compete with each other and whatever can happen here as long as the project is superior to its competitors, and besides that the team that is really serious in developing their project will definitely be on it, whether it's a new project or long depends on how they work.

minersday

hero member

Activity: 1484

Merit: 535

The only way that the new crypto projects and new cryptocurrencies can compete with the already established crypto coins and platforms is by providing products that focus on resolving gaps seen in the crypto space and the world in general that the existing platforms and projects either failed to solve or hasn't identified. Such projects will have a relevant purpose on the crypto ecosystem which will make investors to invest in that project.

Leonardo7

member

Activity: 686

Merit: 15

Stop comparing any new project with bitcoin. And even the established ones in the market are baby to bitcoin. Sometimes the developers even dump their project for bitcoin. Bitcoin is a class of its own.

Bitcotalk

hero member

Activity: 966

Merit: 517

Quote from: Wittny on April 16, 2019, 05:19:35 PM

I don't think this project can in any way compete with Bitcoin, they are here for different mission entirely, So I don't see them competing with BTC or BNB, but dey are good projects to watch out for.

Though Bitcoin has been the dominant name in the crypto space so far and has been very instrumental in shaping lives, it is just backed by technology and technology can get advanced as well. If we happened to get a yet more advanced technology than Bitcoin, surely the demand for Bitcoin will decrease. Do you guys remember the big player in the mobile phone company which was outperformed by the arrival of smartphone?

sandra_x

member

Activity: 574

Merit: 14

Yes they can,certainly not with bitcoin however.Many of the older projects have not been able to deliver on their promises. They are solely driven by speculation and not really by function or utility. Grin so far is not doing badly but it is certainly not a replacement for bitcoin

maculeth

member

Activity: 714

Merit: 11

BountyMarketCap

Based on the experience that has occurred, the new project is difficult to compete with coins that have been in the market for a long time and the market cap is already high. I think it will be difficult to compete with them.

SaRmY

full member

Activity: 645

Merit: 100

Quote from: Mr.Spreadthehamster on April 17, 2019, 05:34:23 AM

New projects can and will represent bright promising ideas in combination with revolutionary technologies. Thanks to healthy competition, we see a lot of interesting new generation products on the market. Progressive projects receive a decent reward and recognition in the cryptographic community.

You're right. The more competition the better technology. So make new discoveries. Every year the number of projects increases. And this means that soon a new type of bitcoin will be opened and we are going to a new stage in the development of cryptocurrency and not only cryptocurrency.

Mr.Spreadthehamster

full member

Activity: 518

Merit: 102

New projects can and will represent bright promising ideas in combination with revolutionary technologies. Thanks to healthy competition, we see a lot of interesting new generation products on the market. Progressive projects receive a decent reward and recognition in the cryptographic community.

Wittny

jr. member

Activity: 184

Merit: 1

I don't think this project can in any way compete with Bitcoin, they are here for different mission entirely, So I don't see them competing with BTC or BNB, but dey are good projects to watch out for.

ra_pl

member

Activity: 251

Merit: 10

Of course a project can compete with established ones. But can't be compare to bitcoin. Bitcoin is standing firm. There are new projects doing very well. It's all depends on the project. When there's a good plan and good team? Sure a new project can compete.

cchub

full member

Activity: 560

Merit: 101

Migranet ITO

Quote from: AnimeKingman on February 02, 2019, 08:25:40 PM

Hi everyone; as I'm sure you're all aware new projects continue to flood into the crypto space at a regular pace; (my newest favorite being GRIN and Nauticus) however I am wondering if these can compete with the established projects like BTC and BNB?

https://grin-tech.org/

I feel like Grin is a much more fair playing ground than Bitcoin; with no premine and no ICO etc; and much stronger privacy (maybe better compared to monero?)

https://nauticus.exchange/

Much like Binances BNB due to trade fee reduction; but with FIAT onramping and Securities incoming.

Can newer projects make big enough waves to usurp their much older larger brethren?

Of course, new projects can compete with old and established ones because every new projects can stand on the shoulders of giants and go much further/farther

Twinkledoe

full member

Activity: 1904

Merit: 138

★Bitvest.io★ Play Plinko or Invest!

Quote from: Idrisu on April 16, 2019, 04:19:09 PM

Quote from: paulk11087 on February 03, 2019, 08:39:28 AM

Of course they can also compete. I don't think that this is about me being an old or new project. I know there are some very successful new projects. They are now waiting for the market to recover. When the time comes, they will show themselves.

That is the reality and it really depends the kind of technology that is behind the new one and how good is been promoted in the cycle of cryptocurrencies enthusiasts. The old coins has there foundations no doubt but the new one can make great improvement in pricing if many people has adopted it.

Exposure is needed to promote a good project. If the new one has solid foundation to start with, then, it has high chance of growing in the crypto community. Most of the new projects have very short lifespan because they are not intended to be developed in the first place. Just mere pump and dump. But if that new project is really serious in developing their platform, then I don't see the reason why it can't compete with the old ones?

Mikell556

member

Activity: 434

Merit: 10

Quote from: Vishnu.Reang on April 16, 2019, 02:44:44 PM

Every week we are witnessing the listing of dozens of new altcoins. Although the vast majority of them will never get in to the top-100 list, once in a while there will be exceptions. One such project that comes to my mind is Ontology. It was first listed in 2018, and now it ranks among the top-20 cryptos in terms of market capitalization.

In any custom, there are exceptions. Projects like you called one in a few hundred. And this means that there are very serious people behind him who are promoting him and have invested big money in him.
I am not interested in new projects because of their big risks. Of course, they can also bring greater profits, but the chances of making profits and losses are no longer equal.

dvdrewritable

member

Activity: 280

Merit: 13

No matter how good the new project can be, but they never cross of Bitcoin. The new project can come under the top coin list. I think bitcoin always stand its way. No coin cross it. It is the King of the crypto market. Grin is good project and its build slowly but it cannot take place of Bitcoin.

Idrisu

sr. member

Activity: 924

Merit: 260

Quote from: paulk11087 on February 03, 2019, 08:39:28 AM

Of course they can also compete. I don't think that this is about me being an old or new project. I know there are some very successful new projects. They are now waiting for the market to recover. When the time comes, they will show themselves.

That is the reality and it really depends the kind of technology that is behind the new one and how good is been promoted in the cycle of cryptocurrencies enthusiasts. The old coins has there foundations no doubt but the new one can make great improvement in pricing if many people has adopted it.

LUCKMCFLY

legendary

Activity: 2632

Merit: 1883

Leading Crypto Sports Betting & Casino Platform

Quote from: AnimeKingman on February 02, 2019, 08:25:40 PM

Hi everyone; as I'm sure you're all aware new projects continue to flood into the crypto space at a regular pace; (my newest favorite being GRIN and Nauticus) however I am wondering if these can compete with the established projects like BTC and BNB?

https://grin-tech.org/

I feel like Grin is a much more fair playing ground than Bitcoin; with no premine and no ICO etc; and much stronger privacy (maybe better compared to monero?)

https://nauticus.exchange/

Much like Binances BNB due to trade fee reduction; but with FIAT onramping and Securities incoming.

Can newer projects make big enough waves to usurp their much older larger brethren?

If they can compete as long as they are at the level, or close, as there may be a project that has enough community, good development and capitalization is increasing, in that case it should be listed in Level 1 Exchanges, to be able to compete, it is mostly taken into account the volume of capitalization if it is large. There are many projects that have been successful, because their developers and owners invest the money that is necessary for their currency to be recognized and not fall into the hands of Dump and Pump.

Vishnu.Reang

sr. member

Activity: 1988

Merit: 453

Every week we are witnessing the listing of dozens of new altcoins. Although the vast majority of them will never get in to the top-100 list, once in a while there will be exceptions. One such project that comes to my mind is Ontology. It was first listed in 2018, and now it ranks among the top-20 cryptos in terms of market capitalization.

Topic: Can New Projects compete with the established ones? (Read 1007 times)