Too much of new crypto projects? - page 15.

tyz

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Quote from: Synerggy on January 05, 2022, 02:47:34 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

Yes, that's definitely insane, but it's also not new. I remember back to 2016 and 2017, when it was even worse. There were 20-30 new ICO projects every day. One lost the overview. And a similar number of projects were listed on Coinmarketcap every day at that time. Then, during the years of the bear market (2018-2020), there were significantly fewer new projects founded. With the bull market and the NFT boom, this then changed again.

Also interesting is an article from Techcrunch from 2017 about which projects are promising. You only have to look at how many of them are still in the top 10 at CMC and you get a good impression of how fast-moving crypto is.

https://techcrunch.com/2017/11/19/100-cryptocurrencies-described-in-4-words-or-less

TastyChillySauce00

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The same thing that happened to any startups in the world, basically every day there are new startups that appears and it could be more than that, it’s the same in crypto, maybe CMC listed more than 100 however natural selection in the market will eventually take care of them.
You should also remember that if there is more than 100 new coins listed on CMC in a week, there are also more or less the same amount of coins that gets delisted because maybe the coin itself isn’t getting any growth and just stuck.
Although I will always agree if there is any regulation released for the sake of preventing these coins from over populating coinmarketcap, its better if they could atleast not list any shit coins or meme coins that’s full of manipulations.
The total crypto will always increase as the dead tokens never get delisted when it was going to the hell. It can also decrease the total token available in the market

MAAManda

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Quote from: Synerggy on January 05, 2022, 02:47:34 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

Why does that scare you? Is it because there will be many projects that will fail? If you look at it from another point of view, you will surely be happy with it, the new projects listed on Coingecko and Coinmarketcap are low market cap projects, with this, if you get into a good enough project, you can get fantastic profit.

BTW, I found a telegram channel that contains the latest listings for Coinmarketcap, you can monitor new projects from there

khiholangkang

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Quote from: Synerggy on January 05, 2022, 02:47:34 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

Crypto is still in its early stages (development), of course there will be a lot of new projects built in this Blockchain technology, but as time goes by, new projects will start to decrease.
This is not a scary thing, in fact we need to be proud because we are familiar with crypto and blockchain technology first.

SAWACrypto

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Quote from: Synerggy on January 05, 2022, 02:47:34 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 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/1478046134874607625
Everybody like cats and they are more popular in internet then dogs Wink

makishart

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Quote from: Synerggy on January 05, 2022, 02:47:34 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?

yeah that's insane but this is crypto when anyone has freedome to issue their own token but i think that the existance of dex in the market has been triggering so many people to issue their own token. By the way that's the main concern

Quote from: Synerggy on January 05, 2022, 02:47:34 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

I think that you must aware that if there are tens or hundreds or project died anytime as they have not got any demand anymore. There will always be new token released to the market. I remember when the total crypto exist in the market was around 3k - 4k coins. It's increasing drastically right now but majority of these coins are dead coins.

dbc23

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Quote from: Synerggy on January 05, 2022, 02:47:34 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

Been scared is of no use because coinmarket will keep listing new coin, it's in your place to do your research before investing. Coinmarket is actually out for business and as such new coins will keep been listed both useful projects and projects that has no use. Coin gecko is also in this as well. Take quality time to study and make quality research on any coin you wish to invest in to avoid been scammed

KaliLinux

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Quote from: Synerggy on January 05, 2022, 02:47:34 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

Well, I guess the cryptocurrency space is still free entry and exit So to speak Grin

if your project eventually doesn't cut it. This shouldn't be a surprise cos I might launch my own project pretty soon Wink

The most important thing is not how many of them are out there or in the ecosystem but what do they offer? Investors want more than just coins/Tokens for trade now but what value does the project has that will keep it alive for the long term and as the saying goes, the more the merrier. Imagine that there was no solution to the Etereum Network? where will Sandbox and many other projects go?
SOURCE

sarmrakib

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Quote from: Synerggy on January 05, 2022, 02:47:34 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

There is nothing to be worried .Its true that we have seen a lots of project are getting listed on coinmarketcap and coingecko daily even on week .Most of the project has nothing strong concept on crypto mostly there are coming into the Dex platform .If we fail to research it ,surely we will be fallen into the scam .We need to make on watch list and research from them if we really wanna invest on the new projects ,which listed Coinmarketcap and coingecko .However a number of project are also legit ,there is no chance to ignore those project ,That's whu i suggested to make a watch list .It will be better to ignore the new project which has nothing concept on crypto and also without having any plan for the future .Hopefully we can avoid the losses .

HardCore12V

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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

bittraffic

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That's the beauty of opensource because innovations are continuous and don't worry about the number of projects released every week, some of them will die after a bear market. No one is going to force anyone to buy all the projects, it just depends on the individual who does the DOYR.

Quote from: Looper_U on January 05, 2022, 03:19:52 AM

This isn't new mate this have been happening since 2017 when ICO was the best money making opportunity at the time, thousands of scam and shitcoins came into play within 2016 to early 2018 and today they are more, same thing will happen with this metaverse craze and meme coins just know where to put your hard earned cash

Then those projects back in 2017 are already done, they just fade. I didn't even see thier threads updated anymore even when each token was worth more than $10, they are just gone. Rug pulled the holders.

asriloni

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Quote from: Synerggy on January 05, 2022, 02:47:34 AM

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'm not getting surprised to see this happening everyday and it has been running even since I was joining in the crypto a few years ago but the tokenization platforms have been making the token much more easier right now and that's different at the time when people must have created a new blockchain through forking the bitcoin code and the inflation for the new token was very low unlike this time. I'm not even scared to see that and it's increasing on the quantity of tokens in the market but only a few tokens that can sustain for long term while majority of new tokens issued in the market were scam tokens.
This has been discussed so many times in the past. that's how freedom market works.

Looper_U

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This isn't new mate this have been happening since 2017 when ICO was the best money making opportunity at the time, thousands of scam and shitcoins came into play within 2016 to early 2018 and today they are more, same thing will happen with this metaverse craze and meme coins just know where to put your hard earned cash

Woodie

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I agree with you! As much as there isn't a regulating body to regulate how these coins are formed, the number of new projects getting on the market is alarming, especially that most of these aren't unique to whats already there.. this should be discouraged if we want existing projects to grow to what has been projected. Otherwise the more we get new projects on the markets then the likely hood that these will absorb the value thats there.

passwordnow

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Quote from: Synerggy on January 05, 2022, 02:47:34 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

Just get used to it. That has been happening ever since the popularity of ICOs. 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. That's why if you ever happen to see a project that has no information at all, it only means that the coinmarketcap has removed them and basically they're no longer worth it to be there. If ever they do a clean up, for sure there's going to be a purge for those projects.

Synerggy

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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

Topic: Too much of new crypto projects? - page 15. (Read 2093 times)