Why We Have So Many New Projects & Platforms?

[TomPluz]

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?

[hair]

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?

[Black ID]

With the increase in crypto price. Indeed, there are lots of new projects emerging. This makes me even more confused about which project is good. Because there are currently many good projects, with increasing crypto prices. Need a better analysis so that you don't choose the wrong choice.

[MrSpasybo]

We have to accept that the idea and profitability of high-performance farming projects is very appealing.
That is why a lot of new projects have emerged with the idea of ​​liquidity pool: pool + exchange, pool + fund, pool + swap... I really don't know which project to choose from dozens of. such a project as they have names related to DeFi & YFI.
Anyway, as this has to do with exchanges, I think it would be better if we focus our research on exchange coins.

[masterrex]

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?

Same as you mate, that was also my question, why there are so many projects that created on a monthly basis, and how the market will react to this continued cycle of old and new projects that makes the limited market capacity to absorb these new projects thats why we have commonly seen new project tokens that have no volume after it was listed.

[comer]

beware of those scammers that wanted to have your money! they are using project to get money from their investors. you are right of saying that it's annoying nowadays. if only there are some regulation and rules before someone could introduce project that would be better. I think it's time for some government intervention and regulations to reduce scammers in the crypto world.

[Gubre]

These are normal in the crypto industry since it is built decentralized we have to expect that what is coming is just most probably another thing to consider as scam.

[Hope4life]

This is normal, because the cryptocurrency industry is becoming known by many people and the opportunities are wide open. Competition is possible but in the end only a few projects will survive.

[trauchot]

As for me, the more cryptocurrency projects appear, the better, because firstly, these cryptocurrency projects develop and improve the entire cryptocurrency sphere, also new cryptocurrency projects are trying to create new opportunities and technologies not only for the cryptocurrency sphere, but also for other areas, so new cryptocurrency projects are needed.

[Noverteno]

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?

Successful projects can only be evaluated after a certain time.  Therefore, it is difficult to say now which of the current projects will be successful.  I am looking at the YouEngine project with its YOUC token for some reason disappeared from the CoinMarketCap table.  Until that time, this token dropped significantly in price: from $ 0.06 to $ 0.0008, however, then it also quickly rose to $ 0.004.

[gunhell16]

With the increase in crypto price. Indeed, there are lots of new projects emerging. This makes me even more confused about which project is good. Because there are currently many good projects, with increasing crypto prices. Need a better analysis so that you don't choose the wrong choice.

That's why we need to be wise in choosing the legit projects. And if there are so many projects that arise at the moment, this shows only that there is profit in cryptocurrency, and we are in the time of crypto trending as well. But of course, we still need to do our own research about the projects so, in the end, we won't regret why We choose it, isn't it right?

[hushpupppy]

I think we have so many platforms and projects to day because several people are after profits. More individuals just want to make money off crypto by creating tokens, promoting it and dumping on naive investors. It is a bad act that calls for crypto currency regulations

[sampoerna]

Since 2017, when the crypto was very booming at that time because of the bullish market, numerous projects were coming. It was likely many more companies wanted to be parts of the crypto world. However, that is the fact, more projects, more scams. As we know that so far, we can find out so many scam projects that always happen no matter what the types of the crowdfunding. Since ICO, IEO, STO, DeFi, there will be any scam and it cannot be avoided.

Although there are many scams, I think that around 50% are also legit projects. they are such as some projects likely HEX, DIA, Cartesi, DEAP COIN, and others probably.

[Cryptoz]

Yep, there should be many crypto projects and platforms because the crypto business is getting familiar with people around the world. Also, there is a potential to gain big money from crypto projects. With this fact, some people know how to run projects and take benefits from it.

[Delgboke]

I think why we have so many new crypto projects and crypto platform, I believe people are hustling to retain a foremidebble crypto business which can stand a test of time but some create a new project just to satisfy their own want for self purpose that's why many of them runaway after some times.