TOO MANY ALTCOINS & TOKENS?

[Cakra bumi212]

makes sense because developers create average altcoins with the aim of making a profit. because the essence of investment is looking for profit.
    That's why many altcoins after being listed on the trading exchange on average can only last a matter of months, so the price can't last and the price crashes.

[TOP_ETH]

seen that there are so many choices of coins at this time of course if you want to invest, choose a good one in the top 10 coins to be the best choice, my friend

[Istiak]

Actually, new startup needs a lot of money so in real life new companies sell their stock to their investors so they can raise that money. But in crypto projects sell their token to raise that money. It's almost like IPO in the stock market. I think there is nothing bad about this because these token also create lot of utilities in its ecosystem.

[shadowdio]

I believe most of them are just making money especially the creators of meme tokens. They just made it to become rich quickly.. Remember the squid game coin scam..in just a short time the creator became millionaire.

[Seerge]

There are many opportunities in this Cryptocurrency, so many new coins/tokens nowadays. With this high growth of Cryptocurrency, it shows that the development of Cryptocurrency has experienced a good increase. 
There is one advantage to this large number of new Crypto coins/tokens. That is, we also have the opportunity to participate in profiting, both from trading these coins and from the investments we make.

[KaliLinux]

Why are there so many altcoins and tokens out there..
Are their founders just interested in making money and getting rich? Or is there something else behind this?

I think several of them are scammers. Becareful, too many altcouns and tokens.
We must do research before invest, because I see many projects are RUG.

You think? of cause several of them are scammers and investors need to be very careful about what projects they invest their money on. How many times have we heard of scam projects doing away with investors' funds? that is what is the problem now, too many tokens here and there without good objectives, and even the ones that look genuine still turn out to be scams. 

[stanley]

I think many altcoins are really created with only one purpose, to make money on it. They have no other purpose. 
I say many, but certainly not all

[nakmantu99]

Why are there so many altcoins and tokens out there..
Are their founders just interested in making money and getting rich? Or is there something else behind this?

As you said, their founders interest in making money.
I agree with this.
But I think It's good if there are too many altcoins and tokens.
There are many choices to invest.

[36B]

In my opinion, too many altcoins and tokens are not really a very important problem because the existence of altcoins and tokens can provide a lot of profit because the price movements of tokens and altcoins are very fast.

[Hisbullah]

In my opinion, too many altcoins and tokens are not really a very important problem because the existence of altcoins and tokens can provide a lot of profit because the price movements of tokens and altcoins are very fast.

That's true, too many altcoins and tokens are not important problem.
We hope they are not scam projects.
There are many chance but we should have good choice.

[pacar_tiri]

In my opinion, too many altcoins and tokens are not really a very important problem because the existence of altcoins and tokens can provide a lot of profit because the price movements of tokens and altcoins are very fast.

That's true, too many altcoins and tokens are not important problem.
We hope they are not scam projects.
There are many chance but we should have good choice.

Scam projects are always be there, So we should be careful to invest in the projects.
Learning white paper, roadmap, and know about man behind their projects.
But It's not easy how to detect scam project.
Yeah too many altcoins and tokens, It's good for us.
We have more chances to invest our money

[dekafee79]

Why are there so many altcoins and tokens out there..
Are their founders just interested in making money and getting rich? Or is there something else behind this?

I think we should learn about their projects.
We can have assumption their founders just interested in making money and didn't improve their projects.
That's the fact, several of them are dead projects.
But If the founders always improve their projects, I think those are very potential projects. We can invest on those.
We always see too many altcoins and tokens, be careful to choose them.

[DAMKAR]

Why are there so many altcoins and tokens out there..
Are their founders just interested in making money and getting rich? Or is there something else behind this?

I think we should learn about their projects.
We can have assumption their founders just interested in making money and didn't improve their projects.
That's the fact, several of them are dead projects.
But If the founders always improve their projects, I think those are very potential projects. We can invest on those.
We always see too many altcoins and tokens, be careful to choose them.

Every people want to make money.
But it will continue or not.
I think we can see the continuities of their projects.
the founders just create project and gain money or want to improve their projects and has long goal. You can see their road map and improvement of their projects.
So we should learn white paper, road map and always follow their social media.

[Tolyk]

The market today is diverse with different projects, from popular to catfish that are unnecessary to no one. But now the market has suspended the mass release of projects.

[johndickens]

Yes, of course everyone wants to make money, so everyone tries to come up with their own project. I think it's good that there are a lot of altcoins; a lot of competition will only benefit the cryptocurrency market.