Too much of new crypto projects? - page 14.

chaser15

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Quote from: Synerggy on January 05, 2022, 01:47:34 AM

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

It's not scary if you know how to filter them. This is not the first time I think that we see lots of new projects. We just have to be vigilant on what projects to choose and always have a background check before putting money on those. Not a 100% assurance that we will be safe by doing that but it will minimize the risks of being ended up in a shitty project.

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Quote from: senyorito123 on January 05, 2022, 06:13:44 PM

Quote from: Synerggy on January 05, 2022, 01:47:34 AM

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

That's not scary for me since these projects got the most support from binance chain, and I believed there's a good future on them. But we can't deny some facts that scammers will take advantage of that, we just need to get rid on them by determining what's their exact purpose to enter the marketplace. If they're doing it insanely, investors nowadays is picking up wisely before they're going to fall on booby traps of fraudulent projects.

Scammers would always take advantage specially on newbie investors on which they do really believe that making profits is easy on this market.You would definitely see that there are lots of projects
in the market now and there is non stop of new ones who do pop out in the market just like mushrooms and as an investor then this is what makes even more harder for you to
determine which project is really worth something or does have potential for you to make money. Its up to someones decisions and preference because we do have our
own will on making out decisions.

Rengga Jati

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This has become something very commonplace and has always been a problem that gave rise to shitcoins. We know that the more new projects in the crypto world, the more coins that have the potential to become shitcoins, scams, and dead coins. We'll see what percentage of new projects are really good and last so far?
The least. even most of them have never been listed on any exchanges and just become shit projects.
The ambition is to create new projects but in reality, cannot survive or develop the project in the crypto industry. But they can only force themselves to create a new project.

senyorito123

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Quote from: Synerggy on January 05, 2022, 01:47:34 AM

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

That's not scary for me since these projects got the most support from binance chain, and I believed there's a good future on them. But we can't deny some facts that scammers will take advantage of that, we just need to get rid on them by determining what's their exact purpose to enter the marketplace. If they're doing it insanely, investors nowadays is picking up wisely before they're going to fall on booby traps of fraudulent projects.

eaLiTy

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Quote from: Synerggy on January 05, 2022, 01:47:34 AM

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

This is nothing new, there are always projects that will be added to coinmarketcap and there are projects that are removed as well. We might not be seeing those projects but there is an option to check the newly listed projects and it is going on for years. Not sure why you are surprised now, check out the achieved site and you will understand that there are new projects listed every day for the past several years.

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Quote from: kaya11 on January 05, 2022, 05:15:29 PM

Quote from: Synerggy on January 05, 2022, 01:47:34 AM

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

You don't have to be scared, I think you need to feel the opposite way if you are knowledgeable and lucky to have invested on one of those projects which maybe come to fruition in the future. It just means that crypto is alive and still kicking even though these hard times, means more money are coming in to the industry. It is a healthy thing, people will innovate and continue to do research and maybe come to an incredible one which could help us out in our struggles with our daily lives. We should just thank them that they are continuing to add more ideas, I know it's not all but some are serious and genuine about revolutionizing our old ways of doing things and that I think is great.

Even we do like it or not then there no way on stopping these projects to come out in the market yet there would be developers would be tending out to make new one and hoping for some funding support which

neither they could develop their coins even more or would tend to have some scam intent and thats why we are been flooded by tons but actually there are some which is worth to invest on but due to

numbers then you would really be having a hard time to choose on which one and this is what makes hard to make investment on this crypto projects.

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Quote from: Synerggy on January 05, 2022, 01:47:34 AM

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

You don't have to be scared, I think you need to feel the opposite way if you are knowledgeable and lucky to have invested on one of those projects which maybe come to fruition in the future. It just means that crypto is alive and still kicking even though these hard times, means more money are coming in to the industry. It is a healthy thing, people will innovate and continue to do research and maybe come to an incredible one which could help us out in our struggles with our daily lives. We should just thank them that they are continuing to add more ideas, I know it's not all but some are serious and genuine about revolutionizing our old ways of doing things and that I think is great.

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Quote from: Synerggy on January 05, 2022, 01:47:34 AM

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

The growth of cryptocurrencies is truly amazing but the spread of useless projects is really insane. I was looking for a certain party that could regulate this thing but we tend to remain decentralized and untouchable which obviously gives scammers have their way to create fake projects and fool the people. As it keeps doing like this, it gives some doubts and obviously becomes harder to choose what new project is good for investment and possibly they just been ignored.

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Quote from: tvplus006 on January 05, 2022, 04:50:57 PM

Quote from: Synerggy on January 05, 2022, 01:47:34 AM

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

In order for a new coin to be listed on Coinmarketcap, it must meet the requirements of this rating. So not all new coins immediately get into the Coinmarketcap rating, so it's even hard to imagine how many new projects are launched daily. I hope that among this large number of new coins, there will be really worthwhile projects.

But, as we can see here are 16 435 crypto coins on CMC and as i remember 2017 where was around 3k coins, at that time was really harder to be on CMC, but now im open and think, how many new coins are created and when im opening any new coin, im saw DEX with trading volume.
I dont argue, time go and it is future, but so hard to understand, because in real life we don't have so much currencies.

Johnyz

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Quote from: Synerggy on January 05, 2022, 01:47:34 AM

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

This is not scary because not all is meant to stay, most probably half of that is a shit project that later on will leave the market and scam their investors. Most of the new projects are just like the old ones, this is also why they are not rising since they have no originality. More projects will come for sure but hopefully, they offer a quality service since we still need more options.

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Quote from: Synerggy on January 05, 2022, 01:47:34 AM

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

In order for a new coin to be listed on Coinmarketcap, it must meet the requirements of this rating. So not all new coins immediately get into the Coinmarketcap rating, so it's even hard to imagine how many new projects are launched daily. I hope that among this large number of new coins, there will be really worthwhile projects.

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Quote from: perfect999 on January 05, 2022, 11:55:04 AM

Quote from: passwordnow on January 05, 2022, 02:03:54 AM

Don't be surprised if you see a lot of projects being listed there from time to time because there are also projects that are being delisted there and being removed with their information.

But, in-between listing and delisting, there are lots of crypto investors are being suffered for different reasons but unfortunately no one is ready to account that. It is really a worrying sign as scams are always leading to negative impact on bitcoin or other reputed altcoins in one way or other.

They've been there for a long time and if there's a worry for those beginners, it's because they don't do their research. Just what we're telling all of the time, for so many times until now that they should DYOR. No matter what the project is and whoever is the developer, they need to do that to protect themselves and their money. But mostly, they don't and they're too confident with those projects because they only look at the return and not with the legitimacy of the project.

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Quote from: Synerggy on January 05, 2022, 01:47:34 AM

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

Indeed it's look scary, at some point I get to think that isn't there some requirements that every new project need to meet up before being listed in either coin geko or coin market cap platforms. But still many projects are been listed every day on many platforms and exchanges, those that mean that crypto market will become extremely competitive or the other way round?

Reid

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Let them create their projects and the people will decide what's good or not. It's not scary at all. What if one of them is holding the future of number 1 altcoin? It's a good thing too as they are spending money or cryptocurrencies that would make a healthy market.
What scares me is how come there are still projects that just repeats the others from a long time ago. It's just like resurrecting the dead that didn't work at all. It must always be something new and unique to click with new types of investors.

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a new innovation at this time which is seen from some of the progress of crypto crypto development is very rapid due to the pandemic factor and many people are trying to make a profit by using crypto the main way to replace jobs that have been abandoned,, therefore.the opportunity to reproduce projects that actually exist that make negative steps such as fraud.

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Quote from: Synerggy on January 05, 2022, 01:47:34 AM

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 completely agree with you! This is indeed scary as crypto market is becoming a place for scammers and money launderers. Laundering money has become extremely easy because of the little known crypto projects and rug-pull type of scams are becoming a norm.

If it continues, crypto market will soon loose its credibility and all governments will be chasing the crypto companies to bring them under the rules of law. That is not desirable!

perfect999

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Quote from: Synerggy on January 05, 2022, 01:47:34 AM

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 have been noticing that the number of new cryptocurrencies being announced and getting listed on exchanges keep increasing every year regardless of how many projects are able to succeed or how many scams are happening in the name of altcoin projects. Honestly no one could do anything about that in this open source environment. Good and fittest will survive and all others will pass away over the time.

Quote from: passwordnow on January 05, 2022, 02:03:54 AM

Don't be surprised if you see a lot of projects being listed there from time to time because there are also projects that are being delisted there and being removed with their information.

But, in-between listing and delisting, there are lots of crypto investors are being suffered for different reasons but unfortunately no one is ready to account that. It is really a worrying sign as scams are always leading to negative impact on bitcoin or other reputed altcoins in one way or other.

michellee

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That is not insane because many developers want to see their project listed on the major exchange, so they work hard to make sure that can happen. It is okay to see thousands of crypto coins or tokens but the problem is how we can use many coins or tokens for our benefit. The more you can analyze the projects, the more you will get a chance to make a profit. So that will not be scary, especially if we can use the data for our benefit. That will depend on finding the right coins or tokens that can help you make a profit.

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Quote from: HardCore12V on January 05, 2022, 02:40:23 AM

I know how to choose good projects out of the crappy ones but still it worries me that anyone can just create their own projects through those new smart contract platforms, the more crypto is getting more popular the more the numbers of shitcoins and scam coins will keep increasing, it's indeed worrisome

And what do you focus on to find the best ones?

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Quote from: Synerggy on January 05, 2022, 01:47:34 AM

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

Welcome to the loads of crap in the crypto markets.

Since the time Ethereum tokens became popular this has started and it continues to grow in number because they are focused on one concept: scam the early investors using a dumb vaporware concept and then list their token on some shady exchange and then when it fails just run away.

In this manner the number of coins getting listed on CMC or CG increases everyday but then that does not mean that these sites are endorsing those coins, they are aggregator sites.

Honestly, I dont feel any of these projects to do anything huge in future since I have already see how badly ethereum tokens have done. It is better to not give any attention to these projects and move on.

Topic: Too much of new crypto projects? - page 14. (Read 2118 times)