Too much of new crypto projects? - page 7.

Mame89

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Quote from: MarjorieZimmermanGinger on January 20, 2022, 01:50:19 AM

Quote from: Anonylz on January 19, 2022, 02:09:03 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.

SAWACrypto

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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

I agree that there are too much cryptocurrency projects, but a lot of depends from the demand in them.
If demand in new projects is high and market rise a many new projects appear.

The most important is that all the projects will be useful for people.
in long term will survive the projects that are useful for people and in demand.

Ozero

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I just saw in the CoinMarketCap table that there are exactly 17,000 types of cryptocurrencies on the cryptocurrency market right now. Until recently, there were a thousand fewer. Well, there are more and more altcoins and I don't see anything wrong with that. Despite the large number of worthless and even fraudulent cryptocurrencies that constantly appear in this market, this also means that the cryptocurrency will develop very quickly. Indeed, over time, only popular and useful coins and tokens will remain on it.
The presence of useless and fraudulent cryptocurrencies on the market will encourage market participants to approach the issue of investing in cryptocurrencies more carefully and responsibly.

Ceyflix-Rez

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$CYBERCASH METAVERSE

The good news about new projects is many are making money off them and the sad thing about new projects are more rug pulls and scams which is why it's good to learn before investing money on new crypto projects, you limit your risk if you know how to do good research

MarjorieZimmermanGinger

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Quote from: Anonylz on January 19, 2022, 02:09:03 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.

Anonylz

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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.

MarjorieZimmermanGinger

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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

What scares you for what?
Usually Bounty hunters are happy when a new project is listed on Coinmarketcap or other platforms, because it makes it easier for us to see the base price at launch, and again there is no limit to the space for coins to be released, as long as any agreement has been agreed and fulfilled the conditions. Isn't that great, it gives people the choice of investing in the future, I don't know what's your reason for being afraid?

Maestro75

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Quote from: TastyChillySauce00 on January 05, 2022, 05:33:08 AM

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.

That regulation is lacking and it makes alot of people loose money because of too much scam projects out there which are not checked. Also, I support what op said about the too many coins listed daily on the CMC. Am sure there are some coins which are also listed on other sites daily but are not listed on the CMC. So many coins everywhere is not a good idea and I do not like it that way. There should be regulation to make things better.

sulendra12

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

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's quite easy to make new projects and list those new tokens/coins on coinmarketcap.
Based on what I have read here Listing Criteria , pretty much every new projects could do that(especially the exchanges one). But still, you have choice to not invest or even bother to these type of projects until they make move to be a different project(I mean different is not a scam one).

Vaskiy

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To much of new projects shows that cryptocurrency market is getting known among all levels of people. When the industry/market is gaining popularity more people will try to show their product to the population and make business. This is what happening with the new projects. Among them very few will be the best and few will have something in it. It can be useful in the long term based on the further widening of the market. It is upto the user to identify the right one and invest.

Shuna_Inuverse

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Quote from: First_on_the_Moon on January 17, 2022, 05:26:32 AM

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

It will be a lot of new projects if the market will raise and it will be a big demand for them.
But if the market will fall it will not be so many new projects because it will be no demand for them.

The quantity of new projects depends on the market.
When the cryptocurrency market rises there is a big demand for new projects that is why the quantity of new projects is big.
When the cryptocurrency market falls people stop investing in cryptocurrency and there is no demand for new projects.

Juse14

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Duelbits

I'm not saying that too many new projects are a bad thing, but some irresponsible people use them for personal gain (fraud). When we fall into it, we have no one to blame and no one to replace us.
So how to minimize that risk, in my opinion, this is a problem that we must solve together.

LastKiss

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Quote from: shawon01 on January 17, 2022, 02:58:24 AM

There are a lot of coins to look at that are slowly disappearing in the middle and I think it doesn't matter because the ones that are needed will be there and the ones that are not needed. They will be reversed.

Because the trend in this crypto space always changes from time to time, many new ideas come because the technology itself is not fully adopted. Many people want to try to start a business in the internet because maybe they're already failed once in real life, But many start-ups want to scam new people who join this crypto space that's why we should careful when choosing a new project.

First_on_the_Moon

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Quote from: SAWACrypto on January 16, 2022, 06:09:03 AM

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

Because there are a lot of new projects the competition between them is very high.
In such a situation only the best projects will survive that is really useful for people and that will continue their development even in the fall of the market.

It will be a lot of new projects if the market will raise and it will be a big demand for them.
But if the market will fall it will not be so many new projects because it will be no demand for them.

shawon01

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There are a lot of coins to look at that are slowly disappearing in the middle and I think it doesn't matter because the ones that are needed will be there and the ones that are not needed. They will be reversed.

Wawa2013

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Quote from: dbc23 on January 16, 2022, 05:32:44 PM

Quote from: Slow death on January 16, 2022, 05:25:38 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

I clearly agree that this is something scary because it is not possible that there is good quality in this high number of new projects that appear every week, scammers have discovered the gold mine that consists of creating shit altcoins. what I would like to see in coimarketcap was that they could have a criterion for new projects to be listed on their website, maybe this would reduce the number of projects that are worthless

The best way to tackle this is avoiding the unnecessary noise that revolves around exchanges and stay realistic with your investment plans. One can't stop developers from trying out new projects but to be on the safe side investors should at least do enough research on any project before investing and as well try hard to avoid unnecessary hypes because most hypes are projected to lure investors and get them trapped

We really can't prevent or limit new projects that appear, therefore the best way is to improve our research and analysis capabilities. That way
we can do research and analysis properly, in order to be able to distinguish which projects are worth buying. Do not be influenced by other
people's opinions or by the hype that occurs, because it can make us take wrong decisions. If we are not able to do research and analysis properly,
it is better not to invest in new projects, and choose to invest in old projects. Which is easier to choose good old projects for investment,
because we can easily see the history of the price movements of the old projects. Moreover, by choosing old projects that are in the top ranking,
it is much safer for investment.

Cryptock

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Quote from: Slow death on January 16, 2022, 05:25:38 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

I clearly agree that this is something scary because it is not possible that there is good quality in this high number of new projects that appear every week, scammers have discovered the gold mine that consists of creating shit altcoins. what I would like to see in coimarketcap was that they could have a criterion for new projects to be listed on their website, maybe this would reduce the number of projects that are worthless

I think Coinmarketcap has some minimum criteria for how it accepts new projects. However, even if they increased the requirements, it is not possible to thoroughly check each new project. They would have to hire an army of workers for this. On the other hand, scammers are now making projects so good that at first it's impossible to recognize them from the legit ones.

dbc23

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Quote from: Slow death on January 16, 2022, 05:25:38 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

I clearly agree that this is something scary because it is not possible that there is good quality in this high number of new projects that appear every week, scammers have discovered the gold mine that consists of creating shit altcoins. what I would like to see in coimarketcap was that they could have a criterion for new projects to be listed on their website, maybe this would reduce the number of projects that are worthless

The best way to tackle this is avoiding the unnecessary noise that revolves around exchanges and stay realistic with your investment plans. One can't stop developers from trying out new projects but to be on the safe side investors should at least do enough research on any project before investing and as well try hard to avoid unnecessary hypes because most hypes are projected to lure investors and get them trapped

Slow death

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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 clearly agree that this is something scary because it is not possible that there is good quality in this high number of new projects that appear every week, scammers have discovered the gold mine that consists of creating shit altcoins. what I would like to see in coimarketcap was that they could have a criterion for new projects to be listed on their website, maybe this would reduce the number of projects that are worthless

LUCKMCFLY

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Quote from: Kadal Ijo on January 11, 2022, 01:19:22 AM

There are no clear and strict rules of course make anyone who has capital want to make coins, this is the easiest way to get big profits in a short time, with a capital of $ 1 million or even less it is easy for people to make 10x or more, I hope there are clear regulations and strict to organize new project creation.

Yes, there are many new projects, however I think that 2021 exceeded the number of projects especially for NFT games where most were a failure because they could not maintain their internal economy and their model was exactly that of a ponzi scheme, however new Coins that were listed in Level 1A Exchanges were very few, that is, the quantity prevailed and not the quality and it was because most were dazzled by the NFT games and the amount of money that was generated at the beginning, those that remained at the top was those who earned the most.

Topic: Too much of new crypto projects? - page 7. (Read 2118 times)