Too many altcoins!

[Probal Deep Moran]

ApeCoin (APE) is the most valuable gaming token, with a market capitalization of INR 177 billion.
ApeCoin is the native coin of the Bored Ape Yacht Club, a collection of non-fungible tokens built on the Ethereum (ETH) blockchain. Third-party developers have incorporated ApeCoin into their games. For example, players of the P2E mobile game Benji Bananas earn special tokens they can easily swap for ApeCoin.

[lepbagong]

Investors can always choose what they prefer, but I still prefer bitcoin and Ethereum.

I think what you say makes a lot of sense, so far they are still the best of all the coins that exist today and will likely continue like this in the future. it is very difficult to replace them and such a good altcoin it seems that only BNB can possibly become as big as the two of them.

[satpol_PP]

Do you ever wonder why there are many altcoins today? I was just thinking that since the main objective of cryptocurrency is to ease payment. Why would people create so much altcoins when people can only use bitcoin as a payment gateway? Are the founders of every altcoins creating their token for money?

Investors that develops or create new coins or tokens will have more profit than just invest or trade in crypto currency.
Scammers also do it.
So be careful, there are many scammers at new projects

[Speaker]

Investors are usually interested persons and if they have invested in the project, they will promote it in every possible way.

[dekafee79]

Investors are usually interested persons and if they have invested in the project, they will promote it in every possible way.

Not only person, I think.
Investors also interesting in the projects.
Because potential projects will make the coin go up.
But also the man behind the project become the consideration to invest.

[de_prof]

Do you ever wonder why there are many altcoins today? I was just thinking that since the main objective of cryptocurrency is to ease payment. Why would people create so much altcoins when people can only use bitcoin as a payment gateway? Are the founders of every altcoins creating their token for money?

Too many altcoins , I think It's good chance for us to invest in crypto currency.
No matter and I think It's good
But we must be careful and always be, because too many scams too

[Speaker]

Largely due to fraudulent actions-there is little trust in the crypto currency now, as well as the liquidity itself in it.

[fatcatcoin]

there are indeed a lot of altcoins out there.
some are copies that do nothing better others are very innovative.
who knows maybe one day a altcoin will be bigger than BTC and the globally recognized cryptocurrency.

I started an altcoin, and I did it because I saw potential in something I felt everyone was missing.

[Speaker]

only a product can have a potential, and a token is a control unit in this product itself

[Tolyk]

Largely due to fraudulent actions-there is little trust in the crypto currency now, as well as the liquidity itself in it.

To date, altcoins have become much less available on the markets due to fraudulent actions.

[fatcatcoin]

Largely due to fraudulent actions-there is little trust in the crypto currency now, as well as the liquidity itself in it.

To date, altcoins have become much less available on the markets due to fraudulent actions.

can you give some examples

[gunhell16]

There are a lot of altcoins popping up right now because it's just for business and making money is that simple. most altcoins actually don't help most businesses and crypto users. But the ones that are included at least in the top 50 altcoins, I can say that there are benefits to our community here.

That's why as a crypto enthusiast, we must know how to choose and read legitimate coins that can give us benefits in the future so that we can also have savings for our family.

[Speaker]

It is also important to monitor the number of developers and the influx of new users.It says a lot