Number of altcoins keep increasing! - page 6.

Bertyda

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Quote from: Iminingpro on July 28, 2021, 06:17:09 AM

Quote from: alan228 on July 24, 2021, 04:08:37 AM

The more popular the cryptocurrency, the more altcoins appear.Investors have a very large selection of projects. But before you take part in the project, you need to carefully study everything. Here is an interesting articles about the importance of DeFi and its practical use https://eqifi.medium.com/defi-explained-what-are-variable-rate-products-eqifi-ba369645bf24

Blockchain technology and DeFi provide many advantages, they allow people to solve problems. Now many banks are considering the possibility of using blockchain technology and the advantages of DeFi.

DeFi offers people to unite to solve problems together, besides DeFi makes financial services available to everyone, even for those who do not have access to banking services. DeFi makes people's lives easier, which is why they are so popular.

blockman

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Quote from: ?? on ??

Now many investors pay close attention to digital technologies and actively invest in DeFi and blockchain.

And in NFT too. We are investing in the projects that are working in blockchain. This makes the defi market become crowded and makes a lot of these projects get out of the sight of most investors because they're competing with each other.
As for the new projects that are leaning only to the coin or token that they've made, they're likely to survive if they're going to get the sale that they needed but if not, they have to try again with another project that they may end up.

Anonymous100

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Quote from: omonuyak on October 09, 2018, 03:32:47 PM

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!

Indeed, many altcoins that are in the market today do not affect market capitalization, because their prices are very low. But we understand that it is a coin for long term investment. If the developer is serious about running the project, the price will increase in the next 5 years.

Rimueng

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In my opinion, the increasing number of altcoins developing in the crypto market is also a sign that digital currencies are increasingly in demand by many people, so many also create several digital currencies such as altcoins. With so many altcoin developers, it is certain that crypto will last for a very long time.

OZmaster

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Currently there are many Altcoins and each has a different program from the various products provided such as wallets, financial systems, security systems and others. If you look at it, it might be very confusing for us to choose the best Altcoin to invest in, and maybe we can see from the leading sponsors behind the scenes to be able to see the advantages of the products offered by these Altcoins. I think we have to see whether the opportunities offered by the Altcoins program are good or not to be able to see future developments, and this choice is very difficult because it can lead to scam projects and to overcome them it is very necessary to share information with friends. following Altcoin investment.

I wouldn't go with too many different alt coins unless they are based on Ethereum or Binance Smart Chain. Then you can at least use metamask wallet, which is very practical with the option to switch back and forth between the networks. As for the different products you are mentioning, there are more copycats out there than genuinely coded features into newly launched coins. Most of those coins don't bring anything new to the table at all despite a different maximum supply... Cheesy

Iminingpro

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Quote from: alan228 on July 24, 2021, 04:08:37 AM

Quote from: LordMiguel on July 22, 2021, 05:48:38 PM

this post was made in 2018. i wish the owner can now to see the amount of altcoins that has entered the market. i think it has double. come back in the next two more years and you will noticed that the number of new altcoins has also double. You may also find out that fake coins are leaving the market as well with little or nothing been added. it is left for coinmarketcap to delist worthless tokens.

The more popular the cryptocurrency, the more altcoins appear.Investors have a very large selection of projects. But before you take part in the project, you need to carefully study everything. Here is an interesting articles about the importance of DeFi and its practical use https://eqifi.medium.com/defi-explained-what-are-variable-rate-products-eqifi-ba369645bf24

Blockchain technology and DeFi provide many advantages, they allow people to solve problems. Now many banks are considering the possibility of using blockchain technology and the advantages of DeFi.

imamusma

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Quote from: TmHsHel on July 27, 2021, 12:30:44 PM

EQIFI allows you to connect the banking sector with cryptocurrencies, and given that the project recently attracted $10 million this means that banks also need such services, as they make transfers easier and cheaper.

What state banks have used this service? try to say it here because in my country and my neighboring countries, it has not been used by all existing banks, so I need answers and references from you now.

TmHsHel

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Quote from: alan228 on July 24, 2021, 04:08:37 AM

Quote from: LordMiguel on July 22, 2021, 05:48:38 PM

this post was made in 2018. i wish the owner can now to see the amount of altcoins that has entered the market. i think it has double. come back in the next two more years and you will noticed that the number of new altcoins has also double. You may also find out that fake coins are leaving the market as well with little or nothing been added. it is left for coinmarketcap to delist worthless tokens.

The more popular the cryptocurrency, the more altcoins appear.Investors have a very large selection of projects. But before you take part in the project, you need to carefully study everything. Here is an interesting articles about the importance of DeFi and its practical use https://eqifi.medium.com/defi-explained-what-are-variable-rate-products-eqifi-ba369645bf24

EQIFI allows you to connect the banking sector with cryptocurrencies, and given that the project recently attracted $10 million this means that banks also need such services, as they make transfers easier and cheaper.

OZmaster

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Quote from: Botnake on July 23, 2021, 11:18:50 AM

Quote from: leatutz on July 22, 2021, 07:36:49 PM

If we start from the last bullrun (2017), we know that only 3000 coins exist and now we have more than 11k altcoins. Every month we are getting 210 and every day almost 7 altcoins are available as a coinmarketcap chart. Personally, I think we don't need as many new projects. Proper one project could be enough for most cases, like Binance.

Most of the projects do not have a good future, only a few of them really are serious about developing the projects with a capable team. The reason why we have a lot of altcoins is that the scammers are playing with the market, they want to make easy money as there are still people who can easily be deceived by a high promise, if we learn and become more educated, these scammers will not anymore waste their time with their scam attempt.

Right, most of the projects aren't much more than a fancy white paper. They all claim to be the next Bitcoin or to change the whole world, but most of them can hardly get their main net up and running. Yet they manage to raise money based on their white paper. The worst is that even the white papers are sometimes plain copies from other projects. That phenomenon will stay with us and in a few years from now we might have 100,000 cryptocurrencies with 99% of them being worthless.

iTradeChips

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Quote from: Expecto on July 22, 2021, 06:47:29 PM

Having this many coins in the market will definitely continue to hinder the market developing much more than this. Because there are so many shitcoins in the market. And at some point, we'll need to get rid of them to have a better cryptocurrency market. Some people say that 90% of the coins will be dead. And there will be only the strong ones left.

If you are going to think how these coins will be eliminated? Well it is the market that will dictate the course of these coins. If people are not interested and the coins is not interesting enough to merit their time and attention then that would be sufficient enough for the coin to stop circulating. It is always the responsibility of the investors to research and check which coins really merit their attention and give their full support. Once the coin sees there is no one who is interested on it then it will simply wither.

alan228

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Quote from: LordMiguel on July 22, 2021, 05:48:38 PM

this post was made in 2018. i wish the owner can now to see the amount of altcoins that has entered the market. i think it has double. come back in the next two more years and you will noticed that the number of new altcoins has also double. You may also find out that fake coins are leaving the market as well with little or nothing been added. it is left for coinmarketcap to delist worthless tokens.

The more popular the cryptocurrency, the more altcoins appear.Investors have a very large selection of projects. But before you take part in the project, you need to carefully study everything. Here is an interesting articles about the importance of DeFi and its practical use https://eqifi.medium.com/defi-explained-what-are-variable-rate-products-eqifi-ba369645bf24

Noruka

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Quote from: onecall123 on July 24, 2021, 02:36:44 AM

Quote from: Niobeh on July 24, 2021, 02:18:53 AM

Quote from: omonuyak on October 09, 2018, 03:32:47 PM

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 cannot be stopped, anybody can start their own coins. It's very true that there are many useless coins being introduced now. As long as people are buying it you can't stop it. Some coins are being hyped so that people will buy them not knowing it's shit in the end. But there are coins that are beneficial and show promises and gains profits to those lucky who invest them. competitions between coins make them stable and develop stronger in the future. It is a free market afterall so we should see it as a norm in the future.

It's recommended to check it when you make deposits, but some people are so lazy that they just throw away their money and do believe in several unknown coins without strong reasons because it has become hyped. Here, you just have to be careful. Particularly some of the other coins that fluctuate dramatically by 10-20% every day. Free money is very appealing to people, and they will do anything to get it. This trend showcases how to make money without having to do any research, a meme coin pumps dramatically fast without having use cases.

It is also because it worked a couple of years ago, no matter what you bought at some point in the future the coin exploded. Those times are long over. Due diligence these days is more important than ever before. That's why it makes sense to have a large portion of your portfolio in coins with a long history and a well known dev team behind it.

indrakusumaindra

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Quote from: omonuyak on October 09, 2018, 03:32:47 PM

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!

Definetly there so much coin that are not needed such as meme coin that i think only pump dump scam which have zero value and soon will be abandoned by the dev. I think sometimes the easy way to make coin in crypto is like the flaw of this market, many people got scam and also its hard to protect the market from people that make this ponzi coins.

onecall123

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Quote from: Niobeh on July 24, 2021, 02:18:53 AM

Quote from: omonuyak on October 09, 2018, 03:32:47 PM

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 cannot be stopped, anybody can start their own coins. It's very true that there are many useless coins being introduced now. As long as people are buying it you can't stop it. Some coins are being hyped so that people will buy them not knowing it's shit in the end. But there are coins that are beneficial and show promises and gains profits to those lucky who invest them. competitions between coins make them stable and develop stronger in the future. It is a free market afterall so we should see it as a norm in the future.

It's recommended to check it when you make deposits, but some people are so lazy that they just throw away their money and do believe in several unknown coins without strong reasons because it has become hyped. Here, you just have to be careful. Particularly some of the other coins that fluctuate dramatically by 10-20% every day. Free money is very appealing to people, and they will do anything to get it. This trend showcases how to make money without having to do any research, a meme coin pumps dramatically fast without having use cases.

Niobeh

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Quote from: omonuyak on October 09, 2018, 03:32:47 PM

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 cannot be stopped, anybody can start their own coins. It's very true that there are many useless coins being introduced now. As long as people are buying it you can't stop it. Some coins are being hyped so that people will buy them not knowing it's shit in the end. But there are coins that are beneficial and show promises and gains profits to those lucky who invest them. competitions between coins make them stable and develop stronger in the future. It is a free market afterall so we should see it as a norm in the future.

Botnake

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Quote from: leatutz on July 22, 2021, 07:36:49 PM

If we start from the last bullrun (2017), we know that only 3000 coins exist and now we have more than 11k altcoins. Every month we are getting 210 and every day almost 7 altcoins are available as a coinmarketcap chart. Personally, I think we don't need as many new projects. Proper one project could be enough for most cases, like Binance.

Most of the projects do not have a good future, only a few of them really are serious about developing the projects with a capable team. The reason why we have a lot of altcoins is that the scammers are playing with the market, they want to make easy money as there are still people who can easily be deceived by a high promise, if we learn and become more educated, these scammers will not anymore waste their time with their scam attempt.

leatutz

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If we start from the last bullrun (2017), we know that only 3000 coins exist and now we have more than 11k altcoins. Every month we are getting 210 and every day almost 7 altcoins are available as a coinmarketcap chart. Personally, I think we don't need as many new projects. Proper one project could be enough for most cases, like Binance.

Mahanton

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Quote from: Expecto on July 22, 2021, 06:47:29 PM

Having this many coins in the market will definitely continue to hinder the market developing much more than this. Because there are so many shitcoins in the market. And at some point, we'll need to get rid of them to have a better cryptocurrency market. Some people say that 90% of the coins will be dead. And there will be only the strong ones left.

How to get rid of them?Doing nothing would be enough because interest or demand of people would be the main factors needing for a coin to survive and if there are no people whom do buy and sell
it? then it would just eventually die but the cycle would continue because new projects do pops out from time to time but the community isnt really that blind or a fool that would invest out on something
which is obviously a garbage and as an investor then you should be aware about these shitty tokens or projects in the market.Dont matter if they do increase in numbers
because it would just be dumped when demand wont really be there.

Expecto

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Having this many coins in the market will definitely continue to hinder the market developing much more than this. Because there are so many shitcoins in the market. And at some point, we'll need to get rid of them to have a better cryptocurrency market. Some people say that 90% of the coins will be dead. And there will be only the strong ones left.

Lexurdania

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Quote from: LordMiguel on July 22, 2021, 05:48:38 PM

this post was made in 2018. i wish the owner can now to see the amount of altcoins that has entered the market. i think it has double. come back in the next two more years and you will noticed that the number of new altcoins has also double. You may also find out that fake coins are leaving the market as well with little or nothing been added. it is left for coinmarketcap to delist worthless tokens.

it is still rellate with current condition. Since 2018 till 2021 we've been seen soo many altcoin project occur and few of them be really great projects. Coinmarketcap could not delist shitcoin it will recorded as usually although have no trading volume or anything else. Day by day altcoin occur with new feature to complete previous project weakness and actually its good for blockchain technology developtment.

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