I guess you think it is scary, because you feel that there would be so many fake projects being released in the market. There was a time when I checked coinmarketcap.com and I was seeing 10,000+ coins in the market and faster a few days I was seeing over 14,000 coins, which shows that about 4,000 coins were released in the market within few days. That is what you will always get to see when the market is free and open to everyone, there will be so many projects being released.
But, don’t be in a hurry to go for the new projects, so you don’t end up investing your money in a project that is scam. I don’t worry myself about the new projects in the market, I only invest in the old projects most of the time.
Topic: Too much of new crypto projects? - page 10. (Read 2093 times)
this is the business world, every person or agency is free to create a crypto project and a place to advertise their project so that many know and know of course it must be published in several media service providers who are very loved and well known as CMC and Coinecko so that they gain the trust of crypto consumers. The new crypto project can be one proof that crypto is growing rapidly and growing in the world,although behind that there are many projects that will die because of the team and project developers who just follow the trend and fomo cryopto at this time in other words try their luck
It works This way, when ever there is a bull run, many self proclaimed dev and team would jump out to create a project and then most time pay to get it public, it's a normal phenomenal and it would not stop happening, it is fast becoming only by a stroke of luck to get a profitable new project, they are mostly tested during the dip, and holders aren't strong the self off quickly thereby crashing the price.
Its been a very long time that I've been using coinmarketcap.com/new to find new crypto projects that just get listed on the platform and I've come to notice that every two to three days coinmarketcap always list up to 30 new crypto projects, how insane is that? It shows that more than 100 crypto projects are released every week cos some landed on coingecko first before coinmarketcap, this to me is scary
Yeah and 99.9999% are worthless clones or straight scams. Best bet is to not try and hit on the new projects rather wait to see them succeed and then come in on them. Yeah you will miss the early profits but you hedge your downside risk which is massive. No way any of these "projects" survive a bear market. Happens every market cycle.
On the other hand, things like this cannot be changed and can be stopped.
Indeed. So what we have to do now is to be more vigilant, observant and meticulous in choosing and engaging with the new projects that are constantly coming into the market. Under such circumstances, it’s either w take advantage of the potential benefits we could get or we let ourselves fall into the pits of despair. I always see a lot of newbies on quora.com asking questions on which projects that are new in the cryptocurrency market that they can invest their money into and make up to a thousand times profit, but it is usually best to stick to the old projects than making the mistake of falling for a fake project or scam, while you’re looking for new projects. Because finding a project that can get you such profit is almost impossible.
On the other hand, things like this cannot be changed and can be stopped.
Indeed. So what we have to do now is to be more vigilant, observant and meticulous in choosing and engaging with the new projects that are constantly coming into the market. Under such circumstances, it’s either w take advantage of the potential benefits we could get or we let ourselves fall into the pits of despair.
focus on something that is certain because this will make you will be in something good later
Now we have more than 16k cryptocurrencies, but from $16k coins that are officially listed on the market I'm sure only 10% have a transaction value of more than $100k per day, many are frozen and there are no transactions, too much competition will certainly make a lot of coins die and this is also the cause of investors hesitate to invest in a new project.
The other factor is the easyness of creating a token could be double edge knife for the investors and the crypto industry itself. By just creating beautiful whitepaper and landing page of a websites, investors could be tricked by the fake projects with no actions, the focus is just for launched the project, get sold the tokens as much as possible and list on the market, after that in 1-2 months the project crashes and gone. These loops are usually happen since today and the victims always be the newcomers who don't have many experience yet in crypto.
Many say that the number of coins that are too many is a problem, in my opinion this is not a problem as long as it is a real project, many markets certainly make investors have many choices so that if the project cannot adapt to the needs of investors it will die.
There are never too many new projects. Especially when there is a lot of growth ahead, which everyone is waiting for. One of the latest new projects that I really liked is Rainmakergaming, which is a game changer.
A platform that contains all the games that will help you earn money.
A platform that contains all the games that will help you earn money.
I agree, there's need to be many small ones and only a few get to some success, it's how things go! And why not? People need to be free to try things, it's why there're so many new projects, daring ideas, people want to do something, to try to realize their projects and put it to good use! Also, there are so many areas to be explored, crypto is spreading, and that "new projects" hype is lasting as long as crypto exists! And it will not stop, we have something different almost every year!
I always check coinmarketcap.com every day and all trending projects.
Among trading projects, there are a lot of dogs meme coins. They raise a lot because dogs meme was a trend of 2021.
But maybe in 2022 the trend will become a cats meme coins likes this https://twitter.com/angrykittytoken/status/1479171278171000833
Everybody like cats and they are more popular in internet then dogs
Big choice is very good, but it is very important to check everything that appear on the market.
Some times profit are so big that investors hurry to invest and do not check everything.
Before investing it is very important to check all the projects not to lose money.
Bitcoin is overvalued that is why people are looking for new and prospective projects for investment. The opportunity to invest money on the seed stages of investment or presale attracts a lot of people to the cryptocurrency industry. Everybody want to earn more money from investment.
Its been a very long time that I've been using coinmarketcap.com/new to find new crypto projects that just get listed on the platform and I've come to notice that every two to three days coinmarketcap always list up to 30 new crypto projects, how insane is that? It shows that more than 100 crypto projects are released every week cos some landed on coingecko first before coinmarketcap, this to me is scary
I think the crypto generated from the prize project and they have listed on several exchanges, including coinmarketcap and coinecko are very interesting in my opinion, because the company is already optimistic for their crypto development and it will be a good crypto for the following years according to the roadmap which they developed. therefore, you don't have to worry about the amount of crypto that is released every day
On the other hand, things like this cannot be changed and can be stopped.
Indeed. So what we have to do now is to be more vigilant, observant and meticulous in choosing and engaging with the new projects that are constantly coming into the market. Under such circumstances, it’s either w take advantage of the potential benefits we could get or we let ourselves fall into the pits of despair.
Its been a very long time that I've been using coinmarketcap.com/new to find new crypto projects that just get listed on the platform and I've come to notice that every two to three days coinmarketcap always list up to 30 new crypto projects, how insane is that? It shows that more than 100 crypto projects are released every week cos some landed on coingecko first before coinmarketcap, this to me is scary
I think that it's just the ease at which these projects can be created now that is catalyzing this increase.
It literally takes minutes for anyone to create a new ERC20 or BEP20 token on ETH/BSC and perhaps hours to create a marketing post/get it listed on Coinmarketcap.
I do think that new projects will stop as a result of the current market bleeding, or at least slow down, but that's probably one of the better things to come out of this bear market.
There are never too many new projects. Especially when there is a lot of growth ahead, which everyone is waiting for. One of the latest new projects that I really liked is Rainmakergaming, which is a game changer.
A platform that contains all the games that will help you earn money.
A platform that contains all the games that will help you earn money.
I agree, there's need to be many small ones and only a few get to some success, it's how things go! And why not? People need to be free to try things, it's why there're so many new projects, daring ideas, people want to do something, to try to realize their projects and put it to good use! Also, there are so many areas to be explored, crypto is spreading, and that "new projects" hype is lasting as long as crypto exists! And it will not stop, we have something different almost every year!
Take it easy my friend, there's no need to panic.
it's true that there are so many, maybe even every hour, every minute and even every second there are always new projects popping up and indeed it can't be stopped because it is everyone's freedom whether they want to or not because it's really easy to do .
as for your action is how to see opportunities there, even if there is a good project you join there but if the product is mediocre and even tends to be a scam then don't look at it.
it's true that there are so many, maybe even every hour, every minute and even every second there are always new projects popping up and indeed it can't be stopped because it is everyone's freedom whether they want to or not because it's really easy to do .
as for your action is how to see opportunities there, even if there is a good project you join there but if the product is mediocre and even tends to be a scam then don't look at it.
Its been a very long time that I've been using coinmarketcap.com/new to find new crypto projects that just get listed on the platform and I've come to notice that every two to three days coinmarketcap always list up to 30 new crypto projects, how insane is that? It shows that more than 100 crypto projects are released every week cos some landed on coingecko first before coinmarketcap, this to me is scary
why so you are afraid like that? Are you someone who invests in their project?
I think that with so many cryptos listed in cmc and coinecko it is very interesting.
I myself am just a bounty hunter very optimistic if a lot of crypto is listed in CMC and coinecko. meaning that every crypto listed there will certainly compete in the market and compete to be a good crypto, but it all really depends on the developers and their team.
Its been a very long time that I've been using coinmarketcap.com/new to find new crypto projects that just get listed on the platform and I've come to notice that every two to three days coinmarketcap always list up to 30 new crypto projects, how insane is that? It shows that more than 100 crypto projects are released every week cos some landed on coingecko first before coinmarketcap, this to me is scary
Unfortunately, this, in my opinion, will also lead to the fact that the cryptocurrency market will become a shitcoin cemetery and a garbage can at the same time.
However, a decentralized market has the right to behave this way.
One person certainly cannot follow all the projects that are currently appearing. I think we will have to count on help between ourselves in the Bitcointalk community to be up to date.
This is absolutely nothing new. With such a large number of projects that appear, about one in ten of them will live at least six months, and even then it is unlikely. This situation has existed before, and it will always be so. It's simple, someone wants to get money for nothing, and someone wants to lose it. That is life.
I think this current situation, the rise of many new crypto projects, both has pros and cons. It can be beneficial and all while being somehow challenging as well. For instance, this indicate that crypto is now have been more recognized than ever and that the market continuously expands because of the new entrants and so new investors and market players. But, this could also mean that there should be more scams to watch out for, which could then also make a not so good image for the crypto market yet again.
On the other hand, things like this cannot be changed and can be stopped.even if we look at this moment even every second there is almost at least one project that does appear.
things like this are very reasonable because indeed everyone can create their own projects regardless of the intentions being good or bad, still a project will definitely be created.
because indeed this is something free and everyone can make any project they want
I think, there is nothing wrong about having too much new crypto project because you also can't stop people to create their project because crypto is an open business industry for everyone. All we can do is be careful in choosing the project we want to invest in. There are a lot of scams and useless projects there but there are also good and profitable ones. We just need to do in -depth research about the project before entering and investing.
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