Too much of new crypto projects? - page 9.

LastKiss

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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 because many old projects that already dead and the new one replace them, many new projects follow the current trend and the old ones cant follow up the current development and in the end
many old projects will dead if they cant catch up. Also its not weird if many people trying to use this momentum to open a business when their business in the real world failed or is not successful.

asyakashi

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I think it's a natural thing, even if you can see on the smart contract burning there will be a lot of new coins every few minutes. Or you can see on the smart contract pancakeswap there are always coins listed there in a few minutes.

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Quote from: jostorres on January 09, 2022, 01:19:05 PM

it is usually best to stick to the old projects than making the mistake of falling for a fake project or scam, while you’re looking for new projects. Because finding a project that can get you such profit is almost impossible.

I couldn’t agree more with you. Focusing on the current project you are I right now, on a project that has been proven to be legit with a team that has established reputation, is the wisest thing to do with this surge of new projects. Although it can be possible to catch a good one in the pool of incoming projects, it would take a long time for you to be certain that such is legit and really would give you profit because you would most likely have to wait for them to prove themselves.

Gorosden

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Crypto is not for you if you aren't ready to do research on your own, with research you don't have to worry about thousands of shit coins coming into space every month, just choose the good ones and use what you can afford to lose

Kkhair

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therefore everyone is required to study or analyze a particular token project, for me it is not scary even I consider it an opportunity to make money..
it is often repeated that if you want to invest in new tokens when the trend is up you just sell whatever the profit is and don't demand more which in the end you will lose.

Kadal Ijo

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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.

abralzain17

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Quote from: Ngewex Yuk on January 10, 2022, 09:19:00 AM

The current large number of coins worries many, but I think it doesn't matter because coins that can be useful will last, shitcoins will die soon and we will get good and stable coins that many people accept for transactions.

No need to worry about the many new crypto launches, let them compete in the market to determine the quality that many cryptos have. and I think every crypto developer and team will work as hard as they can, for that it is the investor who decides, if it is shitcoin or spam then the crypto will lose itself in the market and exchange.

fullhdpixel

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Quote from: ?? on ??

Quote from: Ngewex Yuk on January 10, 2022, 09:19:00 AM

The current large number of coins worries many, but I think it doesn't matter because coins that can be useful will last, shitcoins will die soon and we will get good and stable coins that many people accept for transactions.

As long as there are people who invest in shitcoins and didn’t do proper research it will be impossible for it to be gone. Many shitcoins that are good in marketing will still be able to get investors as long as they can so it’s better to limit the coins with projects that we did understand and we’re willing to focus with.

Just because people are naive enough to invest into shady projects doesn't mean that they deserve to be scammed. I get that the liberal point of view is that as long as we let the market decide then we are going to have the powerful at the top and the weak at the bottom. However even in that logic, if we let the fool people lose their money, it should be towards the smart people and not illegal people who commit crimes to get that.

I would understand if they traded and lost their money, but here we are talking about them losing their money to scammers and those scammers are getting rich illegally. This is the part even liberal policies wouldn't really see as a reasonable approach.

wajik-tempe

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Quote from: Ngewex Yuk on January 10, 2022, 09:19:00 AM

The current large number of coins worries many, but I think it doesn't matter because coins that can be useful will last, shitcoins will die soon and we will get good and stable coins that many people accept for transactions.

shitcoins are gonna die soon but they are do rebirth and got new more victims to scam, the regeneration of shitcoins will be always exist if there are still many investors who are purposing to create a short term big profits by sacrificing new people who don't know what are happening.
This problems should be solved if crypto space want to more clean and i know it's hard to happen because tokens are easy to create and price manipulation is also easy to be done.

Ngewex Yuk

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The current large number of coins worries many, but I think it doesn't matter because coins that can be useful will last, shitcoins will die soon and we will get good and stable coins that many people accept for transactions.

Ziskinberg

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Quote from: Jackl87 on January 10, 2022, 06:52:39 AM

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

To be honest i think that there are way more 100 crypto projects that are appearing every week. The problem is not only that the number itself is that huge but that 99% of all those new "projects" are just stupid meme-coins that no one needs, that offer zero utility and the only reason why they were created is that i takes almost zero effort to create one, you just make another BSC or ETH token or whatever and that's it. Now with the dexes like Uniswap or Pancakeswap, which i genreally like, those projects also can immediately be traded, that is a big problem, because back in the day, shit-coins like that would have never been listed on a good exchange.

I'm very certain with that or even more. But to see that most of them, I think majority had never it stay longer and they have gone. This is really disappointing to see things like this and this will never stop unless restrictions come, but seems impossible. We are facing a huge problem in the future if this will continue and what worried me is that when people don't even give trust to crypto due to the endless growth of useless projects. This will remind us to be more careful and be wise when choosing projects otherwise, we become a victim to these scammers.

Jackl87

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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

To be honest i think that there are way more 100 crypto projects that are appearing every week. The problem is not only that the number itself is that huge but that 99% of all those new "projects" are just stupid meme-coins that no one needs, that offer zero utility and the only reason why they were created is that i takes almost zero effort to create one, you just make another BSC or ETH token or whatever and that's it. Now with the dexes like Uniswap or Pancakeswap, which i genreally like, those projects also can immediately be traded, that is a big problem, because back in the day, shit-coins like that would have never been listed on a good exchange.

SAWACrypto

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Quote from: alan228 on January 09, 2022, 07:55:17 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

Bitcoin is overvalued that is why people are looking for new and prospective projects for investment. The opportunity to invest money on the seed stages of investment or presale attracts a lot of people to the cryptocurrency industry. Everybody want to earn more money from investment.

Everybody wants to earn more money on cryptocurrency. Investment in new companies allows to earn more money if evaluate a new and prospective project on seed stage or presale.
That is why there is a demand in new projects and a lot of new projects appear every day.
Because there is demand in new projects there are a lot of scams too.
It is very important to evaluate all new projects that appear on the market.

Swapzone_io

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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

It's going without saying that the more developed and perspective some area is the more people/projects want to be involved in it. You shouldn't be scary, you should be selective. The thing is that many projects now simply copy ideas of each other and unfortunately this fact doesn't saturate the market but makes it less fascinating. However there are some fresh but still non trivial crypto projects such as https://swapzone.io ;)It's not just an exchange but tool for comparing lots of exchange offers in terms of fees, speed and rating.

FloridaKid

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For me too many projects equals to so much more opportunities to take advantage of, many projects lose value over time but at their launch period they always pump in value most especially through presales, if no more new projects in crypto space it will be hard to get profits in bear market for example unless you know how to trade

abralzain17

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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

Don't worry about that, in my opinion, if the new crypto is released on Coinmarketcap and coinecko, it means that the crypto developer has proven its seriousness to attract investors to develop their crypto, by being listed on exchanges such as CMC and coinecko it will increase investors' interest to invest in crypto which is being developed.

Pelana vreo

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Quote from: ?? on ??

The a lot number of new coins is not a bad thing, because each new coin or project offers something different, This is what makes each project continue to compete and advance the cryptocurrencies world.
listing on the marketcap is precisely a seriousness of a project because it is not easy to list, there are certain conditions that must be completed, So more and more new projects grow and listing have no impact against the market Instead, it advances the market.

https://support.coinmarketcap.com/hc/en-us/articles/360043659351-Listings-Criteria
I think some criteria can be seen in that link.
yes, some projects bring new innovations, but all of them are just copy and paste and some projects are abandoned by developers when the project can no longer compete with new coins, it is a choice and we can see which projects are promising for the future.

bitgov

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Quote from: Gudhal Untu on January 09, 2022, 10:32:41 AM

Many say that the number of coins that are too many is a problem, in my opinion this is not a problem as long as it is a real project, many markets certainly make investors have many choices so that if the project cannot adapt to the needs of investors it will die.

The greater the competition, the better for the market, but unfortunately not in the case of the cryptocurrency market. The point is that most cryptocurrencies are fake projects or shitcoins. They will surely slowly die a natural death, but unfortunately the situation is that so far that there is one huge trash can on Coinmarketcap and Coingecko.

mv1986

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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

It is also going to stay like that. Given the open source nature alone of most of the crypto projects makes it extremely easy for people to copy the code and launch their project. Now will they be successful? No, because you can't fork the ecosystem, just the code. It will stay like that, people trying to tweak some parameters and so on and so forth and then just launch it.

kapalmabur

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Quote from: Gudhal Untu on January 09, 2022, 10:32:41 AM

Many say that the number of coins that are too many is a problem, in my opinion this is not a problem as long as it is a real project, many markets certainly make investors have many choices so that if the project cannot adapt to the needs of investors it will die.

When it's a lot of real projects I don't think it's a problem and instead I think it makes a lot of people happy,
which becomes a problem when many projects are scams and it's very disturbing for sure

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