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Topic: There are so many cryptocurrencies in the market, what do they do? - page 2. (Read 556 times)

member
Activity: 518
Merit: 11
In my rich I will say that most cryptocurrencies do nothing, there is only speculative interest. Teams sometimes make some minor updates and earn on the growth of the course.
member
Activity: 686
Merit: 10
We need more time, time and competition will put everything in its place, scammers will be gone and good projects will develop.
copper member
Activity: 140
Merit: 0
WWW.BLOCKCHAIN021.COM
I have a lot of questions about the cryptocurrency market.What is the role of so many cryptocurrencies?I feel that there is no other use besides hype.

They are basically launching their own cryptocurrency to be competitive enough for the people to use, in these case, investors and marketers or promoters of the project can acquire these, and eventually, traders can manipulate their coin for a good purpose like increasing profit, then sell it in good price in a return.
sr. member
Activity: 840
Merit: 266
Not all Cryptocurrencies are meant to be a currency a way to pay and get paid by in fact most of the Cryptocurrencies are just tokens represent an idea or project and most of this projects are useless or just flat scam so do not expect to find a use case for every Crypto you find in the market.
copper member
Activity: 266
Merit: 0
SYNCHROBIT
If you are a beginner in the industry, do not invest all you money into one crypto currency. Read about them and when you will have enough information, select few coins for yourself and it does not matter on what place this coin would be on CMC.
hero member
Activity: 1694
Merit: 629
I have a lot of questions about the cryptocurrency market.What is the role of so many cryptocurrencies?I feel that there is no other use besides hype.

I've been saying so often lately, but after a few years there won't be so many coins in the market. Thousands of projects that have no purpose, who have not managed to disseminate their own ecosystem, and that have garbage, will be removed from the market and as a result of this deletion, a new upward trend will start in the prices of successful projects. I think that many projects created especially as token will not be able to reach even the smallest successes in the short term and in the long term and they will disappear with a rapid depreciation from the market.
legendary
Activity: 2450
Merit: 1047
I have a lot of questions about the cryptocurrency market.What is the role of so many cryptocurrencies?I feel that there is no other use besides hype.

The role of the token is a utility token own by the company that issued them, so better check the platform of the project first before investing in the token, yes some coins are just made for hype but not all of them I can guaranty you that those coins in the 100 positions are not hype but they do have a platform for the community to use.
full member
Activity: 512
Merit: 100
As we can see now, many projects are failed and due to lack of development and funds they stay in market or exchange but no value, Maybe we can request that delete the crypto currencies that are dead or fake/scams also.
member
Activity: 420
Merit: 14
I have a lot of questions about the cryptocurrency market.What is the role of so many cryptocurrencies?I feel that there is no other use besides hype.
We know that there are many good and useful coins and tokens on the cryptocurrency market, and even more unnecessary and unpromising ones. However, only in this way can the cryptocurrency be improved. Supply and demand in the market determines which cryptocurrency to live on and which one to leave the market forever. Therefore, do not worry about a large number of types of cryptocurrency. Over time, the market will remain only those that will be needed by people.
full member
Activity: 1176
Merit: 100
Vave.com
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we are preparing our projects for pupils of indonesia as requiring of supports with 40000 authorization of funds to helps as covering funding on working on scheme with beginning initials of terms with the development.




full member
Activity: 420
Merit: 100
maybe for people who are seeing the crypto market for the first time they will see prices that go up and down uncertain because price changes occur so fast, but in crypto it is very difficult to determine a good coin to invest because time changes also affect the price of the coin .
full member
Activity: 364
Merit: 100
I have a lot of questions about the cryptocurrency market.What is the role of so many cryptocurrencies?I feel that there is no other use besides hype.
Everyone wants to earn, and everyone does it as he sees fit. The market is really a large number of projects, and most of them can be safely called another slag. Everything is very simple, where the money is spinning, there will always be scammers. Therefore, be extremely careful when investing your own funds.
legendary
Activity: 2576
Merit: 1043
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I have a lot of questions about the cryptocurrency market.What is the role of so many cryptocurrencies?I feel that there is no other use besides hype.
Different coins are created for a specific reason. Some are being created for easier payment system. There are some reasons but I can't enumerate them. Some of these coins are scam only and it is created to get some money to the investors out there. There are some people saying that most of the coins right now will eradicated in the future for some reasons. Maybe because of financial problems or because they are scam.
copper member
Activity: 316
Merit: 0
90% of cryptocurrency is useless, and many of them run useless projects. I have seen so many coins that only made pump n dump coins and have no clear reason why the coins exist.
My conclusion is that those who created shitcoin are only looking for profits from the crypto hype.
sr. member
Activity: 728
Merit: 252
In this there really is a peculiar problem of our time because a very large number of projects are collecting fees, which today still have very poor results. Issued tokens are not needed if the project does not work. There are so many.
hero member
Activity: 812
Merit: 500
I have a lot of questions about the cryptocurrency market.What is the role of so many cryptocurrencies?I feel that there is no other use besides hype.
Distraction and decrease in capitalization, I see the main reasons for the appearance. Many coins are not used at all and hang on the stock exchange as a dead load, and I am not talking about useless forks yet.

The coins you said will be delisted from exchange if they don't have a long time trading. There are also many projects with potential, however the decline makes the project team more difficult and can not continue to lead to suspension of project development.
member
Activity: 197
Merit: 10

yes there are actually many, maybe too many altcoin / token but few of these will be successful and some value many will end up in oblivion and lose value others will be just delistate from exchanges and will not be worth anything we must know how to choose well those that can have a future and a value
legendary
Activity: 1218
Merit: 1000
I don't know what the role of many crypto circulates. The number of crypto circulating is because crypto has a decentralized system, each person is free to create their own crypto business so there are many crypto circulating. But more than 90% crypto is a scam and the product fails, so it's like garbage. But there is also crypto that is developing and successful, even in collaboration with well-known companies. This is like a fight, the strongest crypto and can develop will become crypto that is worth using, while crypto that fails will have no value anymore.
legendary
Activity: 2184
Merit: 1213
I have a lot of questions about the cryptocurrency market.What is the role of so many cryptocurrencies?I feel that there is no other use besides hype.

There are currently more than 2000 crypto in the market, but actually only a few hundred coins are still active. Most of them were almost no longer traded on exchange and died when the market plunged. That is a way to get projects out of this market
member
Activity: 1764
Merit: 10
Now, many people who understand that you can earn money on cryptocurrency and on your company, very actively open different companies for different fields and they use cryptocurrency technologies for this and each company has its own token.
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