Topic: Number of altcoins keep increasing! (Read 3503 times)
It doesn't matter that altcoins will continue to grow because it indicates that everyone still wants to compete in the market, even though many of them have run out of ideas and are unable to compete so that tokens are wasted, only real products will continue to survive and fight in the market.
I think it is the survival of the fittest. It all boils down to value. What value is the coin or token offering the people? And how are those behing the coin promoting their platform? The hard work will definitely show once the people behind the coin/token mean business. Everyone with good idea is welcome, some of the ideas could be awesome is we see in some characteristics of the coins or tokens. I think the crypto space is an opportunity to be innovative!
I see alot of altcoins and tokens been introduced into the market every day and I keep wondering if that is how this industry will keep growing. The number of altcoins does not translate to increase in the over all market capitalization of the cryptocurrencies market and it that means that some of the coins we currently have in the market is not needed!
From 2018 to 2021 more and more altcoins are circulating in the market, but not all of them last long and make good altcoins, only a few altcoins can provide positive value to the market industry. From the many altcoins launched, I think it will have an impact on investors so that investor interest will decrease if they take the wrong steps or invest in scam coins.
There are many coins in the crypto market. But there is also a tendency that in most cases these are useless tokens. There are some projects that offer you huge profits in a short amount of time but this is sad because users suffer the loss of being carried away by the desire to get rich fast.
It does not matter, everyone can create a coin which is mostly useless and for nothing so it will keep rising, but good coins that will have impact on the industry also there.
The sad truth there is most of the new coins launching might not survive long in the market, only the potential ones with strong back up will last, look back into the years of 2017 you will be shocked at the amount of project that couldn't last up till date, so anyone can launch a coin and hype the coin for people to buy so it will pump but the truth there is if the coin got no utility surely when the market crash comes it won't survive it. I see alot of altcoins and tokens been introduced into the market every day and I keep wondering if that is how this industry will keep growing. The number of altcoins does not translate to increase in the over all market capitalization of the cryptocurrencies market and it that means that some of the coins we currently have in the market is not needed!
The difference between altcoins and ordinary gem coins lies in their buying and selling values, so they have a very different place, generally people see gem coins in the top 10, while altcoins are far below.
As for investment there is no relationship between gem coins and Altcoins, usually investments are made on the basis of existing opportunities, whether normal conditions or not, this can be seen in current market conditions. If you want to invest, at the moment the market conditions are very good and almost all coins have the opportunity to go up, both long term and short term.
I see alot of altcoins and tokens been introduced into the market every day and I keep wondering if that is how this industry will keep growing. The number of altcoins does not translate to increase in the over all market capitalization of the cryptocurrencies market and it that means that some of the coins we currently have in the market is not needed!
The crypto industry is just developing, even mass adoption is just starting, The number of tokens that emerge will not affect the crypto industry globally, if you are worried about useless tokens then don't buy tokens that are just hype or trend following, you just need to focus on coins that are has top 100 market cap ranking on coinmarketcap. After that, research the usefulness of the coin before buying it, investor knowledge is needed before buying a coin.
since it is not that hard to create a coin or token , people will keep creating them and hope to earn a little amount of crypto.
we have to ask ourself id it is needed to watch all those new created coins
we have to ask ourself id it is needed to watch all those new created coins
I see alot of altcoins and tokens been introduced into the market every day and I keep wondering if that is how this industry will keep growing. The number of altcoins does not translate to increase in the over all market capitalization of the cryptocurrencies market and it that means that some of the coins we currently have in the market is not needed!
Alter coin is increase day by day but we have to select good alter coin for good feedback so always we have to consider looking before you leaf. after investing in any sector we can make a decision so I will advise making a decision before invest.
as we all know that every day more and more new projects are launched and the trend is increasing just like defi and NFT. because each believe that they have the right idea, they will definitely try to make it a reality and most of the NFT projects are based on the concept of blockchain games.
I think this is a very positive thing where with the emergence of new altcoins, it is proof that crypto has developed very well in society, because there is a place to express ideas, technology and create community, but even so we still have to be vigilant when we want to invest to avoid fraudulent projects,
The industry will continue to grow but most altcoins will die, because there are so many scam projects every day that have no clarity about their projects, and those that do not have continued development will also be eliminated.
right, many new projects ended up being abandoned and eventually the altcoin became ashes. most of them are just looking for investors and then run away with the proceeds of the scam. but if we can be observant, there is a lot of hype between them so we can make big profits too, but it is very risky
The industry will continue to grow but most altcoins will die, because there are so many scam projects every day that have no clarity about their projects, and those that do not have continued development will also be eliminated.
Indeed, even every one of the coins arrangement of some issue. Yet, in same field many attempt to take care of issue and simply some can fill in the long haul. In outcome some become shitcoin or pointless. I trust later on we will see a more severe approach about making coins. We should be cautious and contribute just with a decent coins who has its own item as of now.
To me it feels like it is much easier to make a new crypto coin then to keep working on your old project. With new coins there is alway an initial hype that makes it attractive for many investors. Whereas with older coins we have the risk that there is no more liquidity in the market and we can't sell our coins again. Also with new coins there is always the chance that it gets picked up by many investors and will rally.
Every day new coins are coming in the market. Due to this The market is improving and growing.But there are some side Effects.These new coins are Effecting the Market cap and new coins. After Few Days these coins vanishes.
Under normal conditions like this, many new coins appear on the market, but there is no strong reason to develop in a short time, basically good or the development of the market also has an influence on these coins.
Although this situation often makes the market more chaotic out of control, but actually the benefits of the presence of this new coin have both positive and negative values. This situation continues to force the coin to be where people want it, even though it basically fails in the market.
The only positive impacts that we can see having more and more token/coin inside the market, is the opportunities for those early holders to earn a lot, while for those late if the project is not for real they'll just stuck and trap and then lose their investment when they decided to sell it out.
It needs a lots of time doing your research and understandig the addition if there is any coming from this new project that you are going to support and follow.
I see alot of altcoins and tokens been introduced into the market every day and I keep wondering if that is how this industry will keep growing. The number of altcoins does not translate to increase in the over all market capitalization of the cryptocurrencies market and it that means that some of the coins we currently have in the market is not needed!
It will never stop dude, instead the number will continue to rise up for sure. Do you know why? that is because cryptocurrency is in the stage of trend now where most of the people are looking for it to earn. And we can't stop the whale investors as well to buy those altcoins together creating their own coins here in this field of industry.
They will keep coming, it's a business and those who are good in this kind of cycles will continue to play with the hypes. If you are not into this kind of investment better to stick with well established assets.
Forget those hypes from new project and continue to chase those old ones that really have usages.
I see alot of altcoins and tokens been introduced into the market every day and I keep wondering if that is how this industry will keep growing. The number of altcoins does not translate to increase in the over all market capitalization of the cryptocurrencies market and it that means that some of the coins we currently have in the market is not needed!
It will never stop dude, instead the number will continue to rise up for sure. Do you know why? that is because cryptocurrency is in the stage of trend now where most of the people are looking for it to earn. And we can't stop the whale investors as well to buy those altcoins together creating their own coins here in this field of industry.
Indeed, even every one of the coins arrangement of some issue. Yet, in same field many attempt to tackle issue and simply some can fill in the long haul. In outcome some become shitcoin or pointless. There's a specialty for in a real sense everything with regards to crypto. POS altcoins are getting made continually and most are tricks with a high POS to get more financial backers.
Here's a complete graph to see a bigger picture, https://www.statista.com/statistics/863917/number-crypto-coins-tokens/
look at that, what percent do you think are real projects with future potential?
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