Topic: How many of the altcoins projects are empty shells? - page 2. (Read 206 times)

OP, I think you are short sighted. Yes there are a lot of scam projects be even in the top 100 you can find scams. You have to do your research. Most trading volume on exchanges is fake so theoretically any crypto can be in the top 100 if they pay exchanges for market making. What you need to be doing if you want to make money in crypto is to find projects that haven't increased in value yet and invest in those, like CVP, 0xMR, WasabiX...

I would merit this post generously if it wasn't from a day old account. Just a precaution I take to have some defense against merit farmers, LOL.

You are right and I have been saying the same thing for long. This proliferation of useless projects with anonymous developers and creation of Liquidity pools to ascribe value has been ridiculous. The problem is that there are enough poor-ass, ethic-free developers who are willing to build websites following the same formula and there are enough suckers willing to bet their time and money on something that is basically just a waste of time, yet people engage in the hope that they can be the one to exit in a bullrun.

The general crypto population is though, waking up to the fact that anonymous devs on these derived projects isn't the way to go. Anybody who bets on an anonymous dev on BSC/MATIC is a sure-shot idiot looking to scam others and deserves to be rugged. These projects are not fundamental protocols and they don't need anonymity. I hope more newbies start realizing this and stop wasting each others money in enriching the corrupt developers.

Regarding my comment about the newness of this post, please stick around and interact OP. I'd love to hear more on this viewpoint as well as the research you have claimed to have done on CMC coins. Like, what are the worst examples you found? If you stick around and share for long enough, make sure to PM me about it. I will merit you in time. We need more posters like you.

There's a lot of new projects are around, some are competitors of the Ethereum and some have new system and the likes I would say right now it's around 5% but I see that the peoples around the world are now into cryptocurrency I'm sure that many serious projects will come forward and I'm sure that it will increase in no time.

This has been discussed a lot since Ethereum made smart contracts more popular. It's not an opinion anymore when you say many altcoins are destroying the reputation of the crypto industry.

Hard to tell exact figure but you'll have a better understanding when the bear market comes. Most developers will abandon their beloved projects with great potential.

They are making based on their intention. The smartcontract will be able deployed anyone easily as long as this guy can did a smartcontract to execute it on EVM to issue its token.
I do agree with what you are saying above but it might be less or a bit more consider there are lots of coins that already developed product but it's not gained the hype.

I could be around 3%

Well, that's just the same in the real world. There are many companies out there having their IPOs and only the best stays demandable. The same as the market for crypto and altcoins. Only the best of them stays while the rest are going to die eventually over time.
This is all due to decentralization and no one stops anyone from making a new project for what he thinks is right. But at the end of it, only those real, legitimate and projects with real-world use are staying.

I mean let's face it. There is so much junk and meme coin wishful thinking
that it is hard to think that some projects are actually real and wanting to
succeed other than the top 100-200 coins.

Entrepreneurs are looking like ghosts and and do not dare showing their faces on
their website or on Youtube as they fear the SEC madmen apparently

I did some research on around 100 coins listed on CMC from 200 to 11500 and seriously, I think I found 1
that doesn't seem to be so shady, maybe two I would invest.

Am i the only one who think that this freedom of creating coins (specifically ERC20 and BSC Tokens)
given to new wave business man is slowly rotting our crypto playground!? With the actual pace of development
we should have 100,000 Alt coins in a few more years, 3-4 at max. That will eventually discredit the industry.

So what percentage do you think is actually real and based on serious projects?

I say 2%