Topic: Too much of new crypto projects? - page 2. (Read 2093 times)
I think the more new crypto projects and new coins are popping up is actually good because it indicates that the crypto world has experienced more rapid growth. Although there are more and more crypto projects, most of them don't last long because they don't have strong fundamentals. Therefore, if we want to trade on new coins, we must know and pay attention to various things in order to avoid losses.
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
no need to worry about the many new projects that have sprung up. hopefully you don't get stuck with new projects, do a smart analysis before joining in, either to invest or become a participant in the campaign of these projects
I agree that the cryptocurrency market has become very overloaded with new projects when only a fraction of them have real potential. This type of project provides the opportunity to serve people while being able to read here
The easier and cheaper it is to make tokens or coins makes anyone tempted to make crypto, this is what makes the current number of cryptocurrencies around 18k officially on the market, but I'm sure of the 18k only 10% are active with a transaction volume of more than $100k per day .
Its common these days just because everyone can make and launch projects which can give the individual profit. Some projects are short that end up in few weeks so the new projects arises because cryptocurrency has gain the curiosity of individuals. This is not a shocking news about the launching of new project as everyone can introduce project according to their desire.
I think the emergence of a new project is a very positive thing, because it can open up opportunities to be able to reap the benefits of the project, but we must choose carefully when determining which project we will choose, because new projects have big risks, need to be done research to choose the project we want to run, currently the popular projects are NFT and Metaverse, if you want to try a new project then these two projects are good to recommend.
That's right, that is a good thing. It shows a great level of interest in crypto, the more projects we have the better our chances of success. Besides that it also creates a lot of limitations and risks. Currently, the projects are mass generated and not controlled by any legal authority. This makes it difficult for us to find, research and find hidden gems. Especially newbies who do not have much experience in the market, it is easy to lose money if they choose the wrong project.
That’s obvious considering the way everything is simple in the crypto universe to create and publish. Now that everyone understand the potential of crypto and it’s returns over the time every body is very keen to have more and more projects in the market prices lower initially and thus make their chance to millionaires dream.
Considering above fact, there are now companies or group of technical personnel who offer free lancers project development. Thus person like you and me can easily hire them and make new crypto projects.
That’s why it’s very easy and we keep seeing new projects at such high throughput.
Considering above fact, there are now companies or group of technical personnel who offer free lancers project development. Thus person like you and me can easily hire them and make new crypto projects.
That’s why it’s very easy and we keep seeing new projects at such high throughput.
Coinmarketcap doesn't list coins that easy on their website. It takes time before someone's coin can be listed there. All the newly listed coins you see on their site daily might have sent their request for months before they got listed due to the number of projects that needs their attention.
It's alarming that Coinmarketcap and Coingeko don't scrutinize projects very well before listing them. They only go with the information of the project given to them that's all.
Coins listed on Coinmarketcap and Coingeko doesn't guarantee the legitimacy of a project, some can be shitty. don't go looking into them one after the other
It's alarming that Coinmarketcap and Coingeko don't scrutinize projects very well before listing them. They only go with the information of the project given to them that's all.
Coins listed on Coinmarketcap and Coingeko doesn't guarantee the legitimacy of a project, some can be shitty. don't go looking into them one after the other
I think the emergence of a new project is a very positive thing, because it can open up opportunities to be able to reap the benefits of the project, but we must choose carefully when determining which project we will choose, because new projects have big risks, need to be done research to choose the project we want to run, currently the popular projects are NFT and Metaverse, if you want to try a new project then these two projects are good to recommend.
why don't you also observe how many projects are removed from the cmc list each week ? surely you've found a project listed on cmc and in the end the project was removed from the cmc list because it no longer meets the requirements. so this problem is not as scary as you might think due to the fact that many projects are also removed from the cmc list.Not a few projects listed on CMC will end up being dead coins because they have no trading price and volume.
There are not many new projects. Each new project brings new opportunities.
That is defending on the projects you are investing in, if it's a scam or a team does not have long-term goal, then most likely it will just fail and will only take the money of the dumb investors. Whatever the trend or the hype in the crypto space, we should not invest right away, we have to do a DYOR before risking our money as in general the market is still considered as a high risk.
There are not many new projects. Each new project brings new opportunities.
I know a lot about new NFT projects. One of the really cool ones is Niftables. Hope you know about them. The potential is huge!
I know a lot about new NFT projects. One of the really cool ones is Niftables. Hope you know about them. The potential is huge!
there is nothing to be afraid of the emergence of new projects in crypto it is a natural thing because in crypto there is no prohibition for it because crypto is free so we better try to find out which projects have the potential for us to benefit.
I completely agree.
99% of the crypto projects that currently exist or are currently coming out are going to go absolutely nowhere.
But when there is free money to be made, there will be people trying to take advantage of the situation. And that is what's happening right now.
Memecoins and P2E are two fields I think where there should be a lot less projects around, but the low cost of founding your own project these days mean that everyone wants to do it.
99% of the crypto projects that currently exist or are currently coming out are going to go absolutely nowhere.
But when there is free money to be made, there will be people trying to take advantage of the situation. And that is what's happening right now.
Memecoins and P2E are two fields I think where there should be a lot less projects around, but the low cost of founding your own project these days mean that everyone wants to do it.
I personally don't see a big deal with the records of new projects being listed on coin market cap daily. If we're to consider the number of offline businesses that are registered daily, it would not be close to the figures that we have in the coin market cap. In fact, it's a welcome development for us today know that more people are gaining understanding of the industry and willing to follow through with their resources.
Why be afraid this is indeed a sign that the crypto world is growing and it is natural that new projects are always present, but there is a bad side also if not careful in following new projects because not all will go well, some of them just want to take the opportunity to deceive investors, then in this case we also have to know who has the right to create a new project because it is free to use in the crypto world,but the correction must be there by a certain party.
Yes there is a large increase of crypto currency projects from the last few years but it mustn't be a matter of worries because we know that in this industry we are free to invest after our deep research so obviously we will choose wisely it doesn't matter how many crypto currency project launches in a day or week the only thing which matters is our choice.
this to me is scary
All of us realize that so far there have been many crypto projects that have sprung up, maybe it's not counting how many types are popping up every day, i just think this is a joke of a handful of people who want to make a profit once, once the coins are listed on one or three exchanges they disappear the coins are calm like a dead sea, not moving at all. 
There is no need to be concerned. If we don't do our homework, we'll almost certainly fall for the scam. If we rightly want to invest in the new projects featured on Coinmarketcap and Coingecko, we must create a watch list and investigate them. Many NFT or Metaverse projects, such as ENGN,Aragon,Meebits and Cool Cats, are in my watch list.
You are right. When new trends are created in the market, lots of new projects come in the market and most of them aim to get out of the market with the money of the investors. There is a lot of hype about metaverse in the market now and its effects are being seen in the market, on the other hand many projects are trying to be successful by using this hype. So an investor must be very careful before investing in any kind of project, and the ability to do project research in the right way.
Why be afraid, you just need to use the opportunity to participate in projects and profit from participation. Especially now the crypto industry shows its great potential for the development of new technologies. And you should always use the chance to profit from crypto projects.
I agree, there is no need to be afraid of the potential. You have to fear the sheer number of useless shitcoins. All that junk turns out to be unnecessary year after year. New projects are created and then disappear. All these coins take liquidity away from the market. I wouldn't get my hopes up for shitcoins.What I never recommend is that with any project you start giving large sums of money as an investment, because that is where the error lies.
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