Topic: Number of altcoins keep increasing! - page 12. (Read 3509 times)
Now there are a large number of blockchain platforms that allow creation of different cryptocurrency assets. Therefore, their number will constantly grow. Another issue is the demand for these assets and their real value, which in most cases is zero.
What makes sad about the increase of cryptocurrency is that there are so many scam coin/token that had been created these days.
I hope there will be some kind of regulation to control all those scam coin/token.
I hope there will be some kind of regulation to control all those scam coin/token.
And I think this is a very good sign that crytpo will never die because if people create new coins they believe in crypto! I am watching for every new project and there are so many interesting!
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!
i take a philosophical view there and suggest that this coins just need to appear and disappear afterwards, so the strongest will remain here. the process is inevitable and we have just to bear with it. hold on 
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!
That is the natural selection in cryptocurrency world. There will be time where some coin will survive and grow, but there will also time for some coins/tokens to eventually die. 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!
That is what we are dealing with right now, there are way too many altcoins in the market and with each passing day even more altcoins are coming into the market. They are not even useful because whatever product that they are bringing into the market is something that has already been done by some other coin and some people are using it as a way to scam people
There are "fresh" projects, which come to the market in a large number, but let's not forget, that there are always ones, which are failing, for whatever reason, but still it's token will not dissappear from the system. I do not really care, how many tokens there is, I am only viewing the good ones.
Its not bad that newer altcoins are been release everyday ,infact we need lots of altcoins to get to higher level in cryptocurrency world ,the more newer coins the more some problems affecting crypto will adjust and improve.
Certainly the market is very wide and unregulated so it is expected that new altcoins will continue to emerge and create a stiff competition, the weaker ones will wither while the strong ones will survive.
The industry will keep moving forward because everybody understand that the red market cannot continue the whole time. There are a first signs of the bullish market and the moment and I hope this is just the beginning.
This a normal thing in crypto. If we are going to look into the past price chart we can really see that in crypto everything us really unstable. So everything tgat change today is really not surprising because we all know that in crypto we cannot really predict the price of any other coin because rot doesn't depend on government. Every coin really depend on the volume of investors so there is alway a change.
I would like dead projects would be delisted from coin market cap, because more and more projects make fake volumes to enter coinmarket cap and then they market making and token volume is close to 0.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
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!
I think in the future, this number will increase since the crypto technology will grow fast with the technology itself. But I believe that only a perfect coin that will survive in the cryptocurrency because the coin needs to compete with the other coin to proves that the coin can give some benefits to the user. The weak coins will disappear, and it replaces with the other coins, and I am sure that we will see the strong coins that can exist in the crypto market. Don't forget that in the market, there is a selection for every coin and if the coins cannot survive, that coin will get delisted from the market too.
Many coins and tokens will keep coming and going but only a certain number will survive. Think about it, many of these projects and companies are startups, so many startups die within the first year or few years of their development. The good projects, coins and tokens will stay, while the failures will close and die. You need to do your due diligence and see which ones will be good to invest in and which ones will die and so take your money in the process.
With that being said that new altcoins are being created every day, I'm sure that there are altcoins "dying" every day. There's not much fanfair for coins dying, but they may get abandoned by developers and their price goes to virtually zero. It's unlear how many cryptocurrencies we actually need... maybe just a handful or maybe we need to tokenize the whole world. I think it's a confusing market out there for someone looking to get started in crypto. It might be nice to see a few currencies and platforms become as well known as Bitcoin to the general public.
A lot of altcoins are dying every single day, recently, binance and bittrex delisted some coins and that shows that a time will come when shit coins will end up dead as long as they have no development, no volume and nothing to even show for it. And in such case and scenario, I wonder how anyone would want to be trading a shit coin on a shitty exchange when they know the risks involved except when we now get to see the likes of penny stocks for the shit coins later on in the future. The truth of this whole thing is that as much as the altcoins are increasing, not all of them will last eventually.
Most of the projects that we see now on the market will disappear within two years. According to many analysts, their number will exceed 90%. There will be only those projects that really will bring a position in the development of CryptoWorld. And if you now invest in such projects, in a couple of years it will be possible to make x100-x1000
Sometimes if we are too conscious of the increased number of altcoins, one might nit know the right one to choose. This is diversification and it is part of what eliminates the sole ownership of cryptocurrency, like some may do. You as a person should find time to research and then know what to choose. Sometimes, the so called shit coin will at some points be eliminated, because there won't be demand for them again.
many altcoins that appear naturally as well balanced with lots of altcoins is also falling in crypto. certainly, investors will choose a crypto well-deserved and qualified for investment. not all crypto can even survive and many of them even died and have no interest in when entering into the market.
I better to say that shitcoins are keep increasing everyday! These scammers won't stop as long as they can still get money from people who doesn't know much about crypto because newbies all around the world doesn't enough knowledge to distinguised a real project to a fake one. They don't bother researching about the ICO projects so they got easily scammed.
Altcoin numbers will always increase and there will always be new altcoins created because with the altcoin it tries to provide solutions to world economic problems or new technological developments and infrastructure development.
Jump to: