New Coins Are Essential In Crypto Industry

[Jaguar]

There are coins looks promising and potential that could reach moon base on each participants expectations. Unfortunately, expectations didn't happen.
There are new coins now in crypto space that looks good and could hold for long term but still the end of the project is undefined whether the end is success or failure.
Seldom new projects went to massive success.

Share your thoughts
Why new coins are essential for you?

[LogiC]

I cant say that its essential, but new coins added on the total marketcap of cryptoindustry. If there are new projects investors likely to cash in fund or divert their asset to these new projects. However we cant say that new coins are totally essential. Mostly they are just created for profits. How many projects died in the past on these new coins? A lot and we can still count many more will struggle just to stay alive in the market.

[Fenix]

A significant part of cryptocurrencies in the past few years has appeared for the purpose of raising funds during ICO. These projects are dead or on the verge of existence.
However, cryptocurrency continues to evolve. It is unlikely that we still need new similar types of cryptocurrencies. We need a new approach, new ideas for the emergence and existence of cryptocurrencies. Over time, the community must find a way out of this situation.

[VeryWellDone]

Why new coins are essential for you?

Some of these new coins really do have a great use-case, but the problem is that they still have that trust factor that is very important in the crypto industry, if people don't know your team, who you are, etc. Its hard to really trust you even though you have a good mission.

However, if these new coins came from an established project, then its easier to trust them and it will most likely follow their mother-project's success. An example is what NEM has built with Symbol (XYM), since XEM is a top 30 coin, their new coin will potentially hit the top marketcaps as well.

[Riya143]

There are very few new projects that are successful. I like to see the project very much, I can see it is beautiful, but it is not successful at the end. Why would I support a new project? Don’t they want good results or trade? I have the same question. Why doesn't he want to make his project a success. But his campaign lacks no shortage. So if the plan of new crypto projects is not good then no one wants to invest. So the project fails. Where the chances of something good are very low.

[festilolo]

Some of these new projects springing up here and there are just for the money and not necessarily to see how the blockchain & cryptocurrency ecosystem is given much awareness that could lead to mass adoption.

[Paglamon]

My idea about new projects in 2018 and 2019 was that all project scams. But this year I have the idea that all projects are good. Now the new projects have been able to show that the project is not a scam. Many new projects have been successful. If we go to CMC at the moment, we will see that many new projects are being added to the market. Those are mostly new projects.

[bigcash2011]

New coins are only essential if they bring new or better concept with superior technology and benefits that the older projects were not able to provide, this is called innovation and we should always support innovation in my opinion.

[Andruha1993]

Each coin has its own product that we need in life. Therefore, I think we really need new promising coins.

[NihonShoki]

The main advantage of a stable currency is its immunity to volatility and inflation. It can be used to issue and receive consumer loans and for various purposes, without fear that the token rate may change in any direction during the transaction. Many market participants are looking for opportunities to hedge their risks, especially when the market is in decline. A stable currency is an opportunity to meet this need. It should be noted that this direction is actively developing, attracting more and more institutional investors.

[Naimah]

The main advantage of a stable currency is its immunity to volatility and inflation. It can be used to issue and receive consumer loans and for various purposes, without fear that the token rate may change in any direction during the transaction. Many market participants are looking for opportunities to hedge their risks, especially when the market is in decline. A stable currency is an opportunity to meet this need. It should be noted that this direction is actively developing, attracting more and more institutional investors.

The use of such currencies will extend access to a stable currency for those who need it. The relative stability of the US dollar against currencies of other countries is taken for granted. Of course, inflation gradually depreciates the dollar, but only slightly, if you take into account the situation in developing countries, where money can lose value of 15% or more per year.

[Rosemaryy]

The main advantage of a stable currency is its immunity to volatility and inflation. It can be used to issue and receive consumer loans and for various purposes, without fear that the token rate may change in any direction during the transaction. Many market participants are looking for opportunities to hedge their risks, especially when the market is in decline. A stable currency is an opportunity to meet this need. It should be noted that this direction is actively developing, attracting more and more institutional investors.

According to the European Central Bank, virtual money has little effect on the exact cash flow due to its refusal to accept it as payment for goods and services.

[NihonShoki]

It is clear that a stable exchange rate is one of the main and purely legitimate goals of financial regulators. Stability gives people the opportunity not to spend time and resources trying to protect their savings from depreciation.

[Gurujebs]

I think 2020 is all about Decentralized finance projects and they are really doing well even in their real use scenario. Unlike the days of Ico, even the almighty IEO is fading away.

[edmundo]

Not necessarily... Some of these so called new projects are money grabbing and not looking to solve anything. Some of them are redundant at best with no real use cases but just recycling what is already available in the industry. A new cryptocurrency or blockchain project should be designed if truly it seeks to offer a solution to a challenge that hasn't already been resolved. That's the only way a project becomes adoptable and recognised.