Too much of new crypto projects? - page 6.

maartenhaha

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Quote from: khiholangkang on January 05, 2022, 05:44:49 AM

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.

The new project is actually increasing on the bsc, matic and phantom networks. The more new networks there are, more new projects list every day but only 20% per day maybe listed new tokens listed on coinmarketcap, avoid new projects promoted by social media influencers because it is not a fake reputation to trap investors.

Shuna_Inuverse

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

There are a lot of good projects but also there are a lot of scams among cryptocurrency projects.
That is why it is very important to evaluate the future prospects of the project and check everything before investing.

Because there are a lot of scams people must very carefully check everything before investing not investing money in scams.
But during the fall of the market it is much more difficult to attract investments for new projects.

nimogsm

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As if this is a discovery for you.Now even a schoolboy can create his own token and with a minimum budget this is not a problem, or the second option is more popular, the same developer does several projects at once.The only good thing is that after each market correction, these projects are getting smaller.

CryptoSaiyan24

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Cryptocurrencies allow everyone to develop projects, but I'm confident more than 16k coins on the market will not last a year, and it's proved if we look at coinmarketcap data that if there are top gainers up to thousands of percent, it won't take long to become a top loss up to 99 percent and then perish. but I think DAO Maker will surely stay, they are disrupting the launchpad model with competitive pools.

rozak

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Quote from: MarjorieZimmermanGinger on January 24, 2022, 11:18:38 AM

Quote from: Jaered on January 22, 2022, 07:01:32 PM

That is what happens in an unregulated milieu: chaos. The trouble is most of those projects range from crass, unabashed imitations to pure scams and just a tiny fraction are tangible and have a working products, of which a tiny fraction of this actually survives up to a year. Yeah. Always do your research

an unregulated environment is an area that is easy to manipulate, so there is freedom for people to commit fraud, this kind of project does not have a good community, team and developer, but the product serves as a tool to manipulate people's desires to commit fraud, so be careful Be careful in investigating such a project, doing research and evaluation all the time.

unfortunately at this time, new projects are not much innovation. they only make projects with short-term planning. even most just follow the trends in the market. cross-chain, Gamefi, and NFT. you can see every day there will be a new project born and announced on the launchpad. not all bad, but sometimes they will just get the hype up in the first place. then down very quickly.

MarjorieZimmermanGinger

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Quote from: Jaered on January 22, 2022, 07:01:32 PM

That is what happens in an unregulated milieu: chaos. The trouble is most of those projects range from crass, unabashed imitations to pure scams and just a tiny fraction are tangible and have a working products, of which a tiny fraction of this actually survives up to a year. Yeah. Always do your research

an unregulated environment is an area that is easy to manipulate, so there is freedom for people to commit fraud, this kind of project does not have a good community, team and developer, but the product serves as a tool to manipulate people's desires to commit fraud, so be careful Be careful in investigating such a project, doing research and evaluation all the time.

jostorres

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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

This news is as old as crypto itself, it is no longer a new thing. This is the beauty of crypto, that it is decentralized and every one can created their own coin. But this is a vulnerable part of crypto currency, and this is because there is no body to regulation when, how and number of project to issue out. And a lot of person explore this vulnerability and make coins without use case, no future and they use it to scam people.

Jaered

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That is what happens in an unregulated milieu: chaos. The trouble is most of those projects range from crass, unabashed imitations to pure scams and just a tiny fraction are tangible and have a working products, of which a tiny fraction of this actually survives up to a year. Yeah. Always do your research

poodle63

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Quote from: superman184 on January 21, 2022, 01:49:20 PM

I'm also monitoring the projects listed on coinmarketcap, but I'm not so sure about the success of the new projects listed there. Most of these projects do not go through the ICO or IEO process, they only rely on the popularity of Coinmarketcap.

These newly listed projects that are in CMC usually takes advantage the fact that they got listed in CMC and used it just for a tool of manipulation.
thats the exact reason why some of the newly listed coins usually just gone after few days in the future because they are using CMC just for gaining popularity.
Thats why investing in a newly listed coin in CMC could be risky for your investment, usually CMC also gives warning about the volatility of these newly listed low market capitalization coins and if you find it difficult distinguishing good quality project in CMC from the newly listed, that’s really normal.

nakamura12

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We can't stop them from creating their own NFT projects. If you don't want another NFT project then you better stay away and don't think about it if that's what you mean. Don't be scared about it if it's about you getting scam by the project, the solution is simple which is stay away and never invest in it. Many are creating their own NFT project because of the NFT hype but even before the hype it already happened many times. On 2018, it was a year full of ICOs where different projects are made and some of the ICOs did made their investors gain profit but mostly are scam ICOs.

Iminingpro

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

When market raise there is a big demand in new projects because a lot of investors are looking for new and prospective for investment projects to invest money on the seed stage or pre-sale to have the maximum profit from investment.

When the market falls many people stop investing and it will not be so many cryptocurrency projects.
It is very important to survive during the fall of the market.

Oneandpure

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I am out from new project with BSC network because possibility become shit coin and dump, exactly with new project just depend or listing only on dapp exchange market like Panckeswap, apeswap or anything with dapp exchange. After developer success on pre sale and not try to list on Kucoin, Binance or other bigger exchange just waiting when developer removed liquidity. We can't sell again coin and become shit coin in our wallet or portfolio and become scam project, just looking reason to upgrade with new contract address and begin pre sale again.

LUCKMCFLY

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Quote from: ?? on ??

In 2013 Bitcoin was actually developing very well and unfortunately at that time not many people believed in Bitcoin so they preferred an instant project even though it was a Scam and would not live forever.

Even the early days, there were too many that didn't believed about bitcoin and probably we're also part of those unbelievers because it seems new and unknown.
That's always the case for the starter like bitcoin but these days, when it comes to new projects, it's totally different from the perspective that we're looking at. There are too many new projects and many of them are only trying to build a scam project.

They are right, what happens is that I think that some token or currency could not be compared with BTC, because BTC is the one who gave life to this new universe of cryptocurrencies, because it is the only currency that has its own life, now the currency that follows BTC by nature has always been ETH, and just by observing its behavior, its movements are very similar to those of BTC and it is for this reason that BTC is the King, it can never be another currency, I know that many devs and project owners assure be and become more successful than BTC, but it is already impossible.

superman184

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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'm also monitoring the projects listed on coinmarketcap, but I'm not so sure about the success of the new projects listed there. Most of these projects do not go through the ICO or IEO process, they only rely on the popularity of Coinmarketcap. Maybe among the many new projects launched, there are one or two projects that are successful. So, it is very difficult for us to distinguish projects that are indeed worthy of investment.

CDC AP

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The freedom to make projects is widely used to cheat, lots of coins or tokens with little capital by giving airdrops or paying telegram bots then they always say there will be a pump and buy back, when investors buy they sell or make dumps so they slowly die and are abandoned and then make projects new again.

K4C

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Yes offcourse in this time in the market many projects are ongoing and every day huge amount of project are come into the market and the important things is that many projects are scam project and minimum are real and promising and Trustful project but any one collect info about project so invest in this project.

Wahyuihib

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This indicates that the development of cryptocurrencies continues to move forward. but we have to be more careful if we want to invest in it. because more and more new projects appear, the more old projects sink.

Henrobakkara

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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

The last time I checked there is no restriction to developing new coins and people are going to do this because they know there is money in it and there are people that want to invest in most of these new projects because they think that can make quick gains from there as they grow within the few weeks/months before most of them die off again. Crypto is a space of Risk and some investors are high-risk takers so you will always see new projects coming out whether genuine or fake.

aruldaroy

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Cryptocurrencies are freedom and in my opinion as long as they meet the criteria and are not scams, anyone can make cryptocurrencies, unfortunately since 2013 there have been more and more scam projects because they don't know the direction and clear road map so many projects are scams.

In 2013 Bitcoin was actually developing very well and unfortunately at that time not many people believed in Bitcoin so they preferred an instant project even though it was a Scam and would not live forever.

Yes that's right as you said at that time I myself participated in many projects that were ready quickly and sometimes there were no results at all after the project period ended.
Some have gotten the tokens but haven't gotten the price until now don't know where to sell them.

Japinat

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Quote from: Mame89 on January 20, 2022, 11:12:43 AM

Quote from: MarjorieZimmermanGinger on January 20, 2022, 02:50:19 AM

Quote from: Anonylz on January 19, 2022, 03:09:03 PM

Because some old projects already have nothing new to offer and if those projects don't have huge demand from users or the public the price will rather be stagnate or fall, this is because of their roadmap is limited, not updated and no plans for future growth, new projects brings new ideas (just for a short time also), new hype, new opportunity and people want to take advantage of it,
despite the many new project launching on a daily basis, 80% of them still get funded, thanks to the many launchpad we have this days, they sell out within minutes, those who are able to participate in this launchpad usually make good profit, same thing with the project teams, they are able to raise good funds for startup.

Actually not all new projects look bad, there are as those on offer that are more developed than the old projects, People look in the short term towards the development of the project, so it will look bad if it doesn't have movement, to achieve a good project it takes time and this can't be seen in a matter of months, the current achievement of new projects is also quite good, but sometimes we don't try to dig further into a new project.

What you say is true. Someone sometimes doesn't appreciate and doesn't care about working on a team where they have to think hard so that the project they are working on can run according to the road map that has been determined, and don't want to know how a process is going. Most people complain when the coins they buy are not what they expected.

There's no need to complain as no one could dictate the market, as the team is saying, they are doing their job to develop the project but they don't have control over the price once it's already traded in an exchange. I hope every investor will understand that and does not think crypto investing like a Ponzi scheme which promises a fix return in a specifi period.

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