Too much of new crypto projects? - page 5.

ven7net

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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 don’t think this should scare you, since everyone wants one thing for cryptocurrencies to be accepted in the world and for this to happen as quickly as possible. Various methods are used for this, and probably one of them is the emergence of new crypto assets and crypto projects. Of course, this does not mean that they will all be successful, but probably such a task is not worth it, and the important thing is that the more new cryptocurrencies, tokens and NFTs come out, the more it will be possible to involve new people in the crypto world. Thus, this will bring the very recognition of crypto in the world closer.

Oneandpure

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What to be afraid of the more new projects appearing in cryptocurrency give a good signal for the future of crypto, every day new projects continue to emerge with their respective advantages and fierce competition to become new trends but what we have to see is how each new project is developed do they have a goal to build future crypto and promising supporters don't let a new project be too hasty to join it is wrong.

Get easy earn much profit with cryptocurrency why many people try to make new project every day, before bitcoin and altcoin popular right now all project dominance by some one have many experience on cryptocurrency, but now many entertainment have been create new project and why many investor really trusted with them, without know anything about cryptocurrency and they launch new project coin on pre sale success sold out, but few day later after listing price dump under pre sale and how many investor loss their money but they still not understand yet why have to invest with new project manage by entertainment public.

maartenhaha

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The number of coins and tokens is now more than 17k and every day there are about 20 new listed coins, of course this makes the competition very tight and I'm sure of the 17k that have been registered no more than 10% can survive in a year.

The list of recent meme coins has now decreased from 30 newly listed coins on CMC due to the new trend for NFT, I have warned the local crypto community to avoid meme coins due to the high risk of dumping as there is no real use case of the project ecosystem. Every new coin investment is very risky because of the rising impact of news listed on exchanges and CMC.

olib123

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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

DonFacundo

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Why scary? just do research of the project so that you will know if that project is real or scam. No doubt that the most of the new crypto that listed in the coinmarketcap are meme tokens for sure. Don't be scared, be wise, don't invest in meme tokens because the meme trend is over, just do your own research so you will not get scam of the fake projects.

bounceback

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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 crypto market is currently growing very large and the success achieved by crypto in 2021 makes many developers launch new projects because seeing when the market develops is certainly a good momentum for them to launch their projects because usually when the market is experiencing growth it will create a lot of coins in the market getting better prices, so I think this is a normal thing to happen in the crypto space even though some of their new projects are just aimed at scams.

apur688

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Many projects, coins were made, begin with meme coin, alt, etc.

You need to be careful and stay on your fundamental coin, don't just because the coins goes viral, many peoples buy it.

I think do a research, is good to make sure anything we buy is good for long term investments

7deadlyBTCIN

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That's why doing research is the only tool to separate good projects from the bad ones, new projects do have some potential too but not all of them it's very easier to create tokens now that's why we even have inexperience developers in the space.

HyunBin

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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

Well look at the brighter side that on those new crypto projects that you have seen in the coingecko or coinmarketcap there is a hidden gem for you that will give you lambo and make you rich, you just really need to do your research to avoid losing fund on those projects.

Theones

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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

At the moment, there are over 12k projects on Coingecko. The number of new projects is constantly increasing.
I remember when smart contracts entered the market and the number of projects started to grow in the hundreds every week. We already said then that there are too many, and there were officially around 1000 of them. In my opinion, it cannot be stopped. Just get used to it.

evichi

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Currently, Coinmarketcap have about 17241 coins/tokens listed on its platform - as at 31/01/2022. Since Crypto space offers unlimited opportunity for anyone to express himself/herself, then I think it is nothing to worry about. What I think should be our concern is to study/research the project(s) and know which one is viable to invest in. The odds about this scenario of too many projects is that it becomes more difficult to search/research viable projects since you have a pool of many projects to study. But the good thing is that it shows that cryptocurrency industry is growing rapidly - which is an advantage for the crypto industry. There is a saying that 'Good market sells itself' this, at the end of the day, means that good/strong projects/community supported projects will make it, while weak/bad projects will fail.

kapalmabur

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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.

Actually it's disturbing with the many scam projects but that's the risk,
we need to be careful to join the project and I agree with you that doing research is highly recommended before joining the project,
in crypto to make a profit we need to be brave in taking risks and of course that with a consideration

Jaered

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It's crypto! What do you expect in a Wild Wild West scenario? The truth is many or most of those coins or tokens are plain scams and would either bite the dust or disappear into thin air. Only a tiny fraction of those projects launching daily live up to 5 years or more

wheelz1200

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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

99.999% of them are pointless projects that are just created to enrich the few that start the coin. If everyone stops pumping prices for coins like babylamboinu then people will stop making these scam coins. Is it scary, no just for the people gullible enough to stick money into these things. Stuck to bitcoin and some select few alts that have proven their worth

Saisher

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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

Not really scary this is a decentralized industry anyone can create a project-based token and list it in the market it's scary for developers if they are not getting attention or being ignored by investors because true investors have only eyes for projects that will give them long yield in a long term, it's better to educate your self and check among these project who do you think has good potential, you don't have to invest on all these coins.

royalfestus

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Quote from: SAWACrypto on January 05, 2022, 04:33:04 AM

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 Wink

The most important that all these projects will be useful for people.
The cryptocurrency industry is actively developing and offers a lot of opportunities to people and it is necessary to use all these opportunities.

During the fall of the market, only the best and really useful for people projects will survive. Only time will show how the project is useful for people.

I also think the high number of released project should be a pointer to investment in this present market, if there will ever be a bull market in altcoins this year. Some coin have already gone and may go back to zero. We will see a lot of exit scam with many of the project and massive delist from exchanges as the trade volume decreases. Hype and VCs' interest should be a pointer for trade now

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Quote from: kojektea on January 29, 2022, 10:06:58 AM

It would be even crazier if you look at the smart contracts straight away. If creating a coin with its own blockchain may take time due to many considerations. But making tokens on the BSC network is very easy and cheap, even I see almost every hour there are always new coins.

It's better if they should pass their country laws before creating a new token from any network, it will prevent any possibility of scam coins to be created. Because ERC20 now is a lot more expensive rather than BSC many new tokens have their blockchain based on BSC. There are a lot new tokens there but only a few are really good projects even an alive project.

kojektea

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It would be even crazier if you look at the smart contracts straight away. If creating a coin with its own blockchain may take time due to many considerations. But making tokens on the BSC network is very easy and cheap, even I see almost every hour there are always new coins.

glendall

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

, this to me is scary

no need to be afraid that the name of the business must be a new one evryday , just follow it if the prospects are good I don't think it's wrong for us to participate in the forum until we are really sure we want to invest in a particular project

atjiat

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I agree that today the cryptocurrency market is very heavily overloaded with new projects, while only a small part of them have real prospects in the future. To date, my main focus is on new cryptocurrency exchanges, projects for non-cash cryptocurrency transactions, as well as projects that provide an opportunity to receive passive income through a crop farming protocol, such as Crat d2c. Such projects monthly, quarterly or once a year Provide an opportunity to receive automated payments, while everyone will be able to participate in the village of liquidity.

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