Topic: How many of the altcoins projects are empty shells? (Read 216 times)

Man, 99% of altcoins are total garbage in fact 
There will be another huge dump in crypto and most of them won't survive this. Some strong project will die also. Great purification, lol 

Now the memecoin, the number of empty shells is countless. We can only be careful, don't be deceived.
Because now everyone looks at the development of Bitcoin, many of the development of Mountain Coin, want to divide a piece of cake.
Everyone can release coins, there are many scammers to enter.
Because of the epidemic, many people choose to enter the encrypted currency to make money. Mode coins also have a lot of hype. Many projects are a team packaging, and there is no experience.
Be sure to understand the project team before investing, check if there is experience.It is recommended that novices do not invest MeMecoin, which is very risky.

yes, there are lots of altcoins if you find a real project then you can benefit later if you choose the right project and it will be surprising because the price is sure to increase many times automatically also the project will last a long time and have the strength for their vision to be better in the future usually real projects have quality and hard work to keep their projects going.

Fucking Shit coins...

True!.

Because most of them are just after for the money that they will get. Not many projects can sustain their developments like ETH platform. Very few has the intentions to make and create a difference in this market. Once they encounter problem, some easily lose the motivation to move forward, mainly if they have no revolving funds. So yes, with thousands of alts in existence, only few percentage are really worth looking at.

as ever vitalik said , only around 2-5% altcoin that could survive in cryptocurrency market , most of devopers team have no qualification to build real blockchain technology. Today i see most project only tokenized common thing , and not specifically resolve the existing problem in market.


just a warn , small market cap not always be good investment portofolio. it just playing number project which is set to attract investors that see it as opportunity when there are possibility to growth. once again we have to see about the quality.

In my opinion if that could be around 7% - 8%

I will be taking or counting some low cap tier coins that are having small market cap to be counted in the list. This is not accurate but at least we are seeing it that there was a low-good coin in this tier. that's why i were counting from there.

It's a lot but remember crypto project keep coming in daily basis

The freedom to create coins and tokens cannot be an excuse for the declining quality of new coins appearing. I really hate the cunning wits of the humans who promote coins and create fomo. The fomo situation makes people unable to think long and feel panic to make a decision quickly, namely "Buy it"

Incompetent developers who handle this, of course, cannot be relied on to develop projects. And what will happen is that the coin will experience a pump in a short time.

Well what can we expect, OP. See how many pump and dump projects are out there being manipulated by those who hoards those shitcoins and just dump it out overnight making it lose its value.
For the use case of the project, most of it are just gonna be carbon copy of another existing project like what hugeblack mentioned above. It is just all for quick profits and they go out and exit scam.

True, most of the projects are only being good when they're on their launching periods. But after that, you'll never know what's next. They might be following their next steps for the sake of their whitepaper and road map.
But in actual, they are not doing what as they've promised. As support of the investors, at the beginning they're all optimistic and then if they found out that there's nothing to be seen anymore, they pull out and dump.

If we make serious classifications, for example, how unique the code is, the developer team, the technical development, the real trading volume, the number of actual users of the currency outside the platforms, the number of places that accept payment in that currency, we will find that the number of cryptocurrencies is counted by fingers.

The rest of the coins are copy-and-paste templates for developers to make a quick profit.

its highly recommended than choosing new projects or etc that very promising in the market but at the end of the day there's no profits wherein only losses. It's quite skeptical with unknown projects to be honest, so much better to focus in some trusted projects or top 20 crypto currency instead just to assure your money is totally safe and you can gain profits after all.  Not those new projects that so unpredictable always especially nowadays. So be aware mate.

The growth of crypto is increasing in the course of the digitalization era so far, it seems that many new investors are experienced in choosing the investment in the right project and are able to analyze the credibility of the project that is worth investing in. I am of the opinion that less than 10% of new projects are developed according to the whitepaper concept and roadmap with valid teams.

If you notice, almost all people now spend most of their time on top of cryptocurrencies.
That’s why I think this project is Will be moving forward soon

There are many worthless altcoins in the market and each trend gives rise to another countless worthless altcoins again. That is, few months when it was all about Meme coins we saw the way they kept coming up and a very good number of them ended up as scams, those that didn't exit scam earlier are now dead. Also, if you study the level of adoption coming into this space, you will see a good number is always limited to BTC and to an extent ETH, but as for others within top 10 on coinmarketcap, only few adoption comes their way; the reason is that BTC is and can be trusted but same can not be said of a good number of altcoins out there.
Lastly, some new coins can still grow it be worthwhile in the future, and these ones takes time to develop and hype is always far from them, until their working products are out. Considering the number of altcoins in existence, I think it will be hard pointing out the number of good altcoins but only very few and I would say 10% are good while the other aren't.

Well said, if they just wanted to create something similar hoping to get famous without any platform or serious development about their project, it won't take them anywhere and the next time they see is just a dead project with no support from the investors. The meme coin era is gone no sane people will put their money on meme coins anymore unless they are one of those people who gamble even the chance of winning is 1%. we need to consider that if you don't put big money into it, you will only getting a small amount of income. that's why no one would gonna put big money on such trash coins.

I think you just have to look at all altcoins as scams just earn BTC by trading them. It makes more sense that way than investing in altcoins obviously the team isn't serious about developing. I can't even think why they would name some projects like Aquadoge but I guess the success of ShinaInu had encouraged these developers to try it as well.  The top 100 I believe is less possible to be a scam but its still not final to say.

indeed there are many new coins or new coin projects on the eth or bsc network but to buy and invest our money in these new coins is a personal decision and of course we have to look at the purpose of the coin project, don't just buy and buy coins that don't know the project because it has an impact on We lost our money, so if you want to invest, it's better to choose the top 20 at CMC. if the percentage of serious projects I have not calculated it because there are too many coins in cmc.

There are a lot of scams today, so we should watch out and do careful research before investing. It is better to invest in top-10 or 20 tokens, I think.
I hope that when it is crypto “winter”, the hype of creating tokens will finish and we will see the appearance only of worthy tokens. It is an unhealthy situation now that there are so many tokens. We just don’t need them all.

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%