and they have a decent market cap worth 1000's of dollars..
How do people just make there own coins that easy? and how are they raising so much money??
i mean like, whats stopping a normal person like me, doing the same thing.. just making a random coin and making thousands of dollars??
this is so stupid.. what is the need for all these useless coins?? when is it gonna stop?
No, you are wrong. The coins that listed on Coinmarketcap is not a new coin, it must be an existing coin with enough volume trading to get listed there.
So, the coin itself has already value, being traded in the exchange, not a brand new coin that just have been created.
Many coins already dead before listed in CMC, so it is not easy to list there if the coin has low value.
its possible for a new coin to accumulate lots of trading volume because that coin can be promising enough . and also if the coins is dead why would they still be listed on cmc ? that can only make a confusion .
that is possible . the creators of those coins might be putting a big capital to manipulate the volume .
its not hard to create a coin is you are talented and have a lot of capital .
whats stopping you , is that you are only an average person , you are not powerful enough , you are not knowledgeable enough to what they do .
thats not stupid , that only a business . that wont gonna stop as long as crypto is still here .