Why We Have So Many New Projects & Platforms?

[bayiajaib]

Frankly, it is quite dizzying when we are honestly viewing how many new projects and platforms being introduced to the cryptocurrency market now and then. Of course, many of them can just be copy-cats or me-toos which main intention can be gathering as much money and support as then can before they allowed the projects to just die a natural death. Sadly, many are also downright scammy right from the very start.

However, there are some few ones that are offering good innovations that are worth taking a look and maybe even some good support from our wallets. These projects are usually targeting some specific niches within the much bigger cryptocurrency market and if they are doing good then there is a big chance they can eventually survive and be recognized as legitimate players in this industry.

Have you encountered a good project along this category lately?

I think It's good if we have so many projects and platforms.
Because we can have many chances to invest.
It's good for crypto world.
But we must be careful.

[Speaker]

now is the time not to make hasty decisions, especially when the market showed a slight recovery...perhaps he gathers all those who believed in growth and reversal in order to carry them deeper into the abyss with a bang.

[DAMKAR]

now is the time not to make hasty decisions, especially when the market showed a slight recovery...perhaps he gathers all those who believed in growth and reversal in order to carry them deeper into the abyss with a bang.

You're right , crypto market is recovering now.
I think It's good time to buy several potential coins for short term investment.
The Reason why so many platform and new projects, because so easy to create it

[Freemind]

The problem is not just scammers. The biggest problem is that people still don't learn, that's why they get scammed. Two days ago I asked a user in a Telegram group what he thought of the project's white paper and that user replied, "what is a white paper?". As long as new users don't make an effort to learn everything will remain the same, scams will continue to appear and people will continue to be scammed every day, it's sad but it's true.

[Speaker]

Yes, that's right. The lack of a complete desire to do anything, as well as to learn, encourages many scammers to profit from this, and all schemes are as old as the world.

[bayiajaib]

Yes, that's right. The lack of a complete desire to do anything, as well as to learn, encourages many scammers to profit from this, and all schemes are as old as the world.

You're right, too many scammers too.
I think the reason so many new projects are not good, because so easy to create and copy projects to scam other..
It's not good for crypto world

[Speaker]

In addition to scammers, there are many more bugs in the code-which attackers will often use

[carcas]

There are several projects that I have found and survive until now. Such as solana, cartesi, youc which until now still exist and exist in several big markets. I see that there are still many potential new projects that will appear in the next few years

[Delgboke]

There are many New Cryptocurrency project in the market that's doing pretty well as you said but there's a big problem in the Cryptocurrency phase because what we are seeing now currently is thief's using Cryptocurrency to scam of their money, alot of New Cryptocurrency project are Scammers project and is affecting the future of upcoming projects that may have real use case I the industry. Something need to be done before is too late.

[mahadev]

Have you encountered a good project along this category lately?

There are only a few good new projects at the moment, maybe YouEngine, JECS and AmePay can you see what progress is like?

Talking about good projects, sure new projects I think at bearish season we will see many projects fail.
No investors will invest in new projects.
That's my prediction.

[Hisbullah]

Frankly, it is quite dizzying when we are honestly viewing how many new projects and platforms being introduced to the cryptocurrency market now and then. Of course, many of them can just be copy-cats or me-toos which main intention can be gathering as much money and support as then can before they allowed the projects to just die a natural death. Sadly, many are also downright scammy right from the very start.

However, there are some few ones that are offering good innovations that are worth taking a look and maybe even some good support from our wallets. These projects are usually targeting some specific niches within the much bigger cryptocurrency market and if they are doing good then there is a big chance they can eventually survive and be recognized as legitimate players in this industry.

Have you encountered a good project along this category lately?

I think  it's really  difficult to choose good project, especially new projects.
There are many new projects but  there are many scam projects.
Be careful to choose projects and invest on it.