Too many Cryptocurrency in Existence What are the Benefits!

[pelana vreo]

The new project made many changes, I think crypto adoption will be developed in every country, so we always see new projects, maybe old coins will be forgotten if they don't discuss the products they have, new projects will continue to emerge with and compete in the crypto market at a price and the products they have

[densuj]

As we notice that. If there is an ICO ,IEO,STO etc. we can expect that another coin or token will be created and ofcourse it will be added to the long list of coins/tokens on the crypto market for liquidity. Because of this too many cryptocurrency in existence the market is already saturated and leaving other coins/tokens idle.

Yes we have knew that there are many alternatives coins around the world, in my own personal opinions that's good for cryptocurrencies space because cryptocurrencies has been addopted by mass. Although there are many failed alternatives coins, but does not mean the cryptocurrencies is bad and we can not blame the cryptocurrencies it depends on the developer of team which buid the cryptocurrencies and the purpose of cryptocurrencies which are built. So as community of cryptocurrencies we must do analysis fundamental about the cryptocurrencies before we make investment in them.

requires special skills for trading, the first yau have flight hours or experience, the second  ability to read the  market, the third has strong principles and beliefs, no doubt in making decisions, the fourth dare to take risks, abd the last patience not greedy.

Well i like your statement that the benefits of many cryptocurrencies is just for trading alternatives coins because i trading alternatives coins is one of my activity too, trading alternatives coins is good way to making fast profit from many alternatives coins although it is high risk investment too, but as you said if we have trading system we can make constant profit daily, weekly and monthly from trading alternatives and of course we must have education, experience and money including psychology of trading alternatives coins.

[sammysnack]

I only trade on Binance. I don't know what else regular person like need

[aji678]

the more crypto, the more innovation will be given and attract new investors to participate. ICO, IEO and STO have different functions and I am interested in all three. what is clear is its function is to raise funds for realistic projects.

[I-Bit]

The benefits of many new cryptocurrencies are "we have many options for investments or trading".  With many coins or tokens, we have many chances to gain profits from many crypto assets. But for sure, this makes us be careful to choose the best coins. Because with many new coins, so there is a possibility for shit-coins.

[sturec22]

Most of them will die for sure... The sweetest benefit is the trading part. More volatile and more tradeable coins are appearing. If the projects are solid those will shine and will benefit everyone from their acceptance.

[tonymillions84]

it is not going to stop because many have come and gone. the market keeps changing. thousands of projects have been dumped . some abandoned there project. some where scams and more are still coming. it is an unregulated platform.  Anything can happen.

[Quart]

The benefits that we can take from many cryptocurrency existences are likely having more various choices to pick for trading and investment. It also signs that the crypto world is more developing from time to time. Howver, it also leads some coins not worth it to pick. Therefore, be selective and careful while choosing

[Hongy]

if I'm sure there are now more crypto and the price is getting better, for me krypto also has many benefits for us to survive in the long term and it's also good for us to trade every day

[tonymillions84]

this is the major reason why you are been warn to do your own research before investing in any project. what we are seeing is as a result of non-regulation of the cryptocurrency platform. more projects will definitely come but the serious ones will always remain. be careful where you invest your money.

[abdmuiz]

projects that are not clear and do not have a developer behind the project will eventually die and be shifted from the market So you must be careful in investing in this industry

[Doctor]

It is called evolution. Only the strongest survive!

I agree with you mate,too many cryptocurrency in existence,  Only the strongest and very potential will survive.  I think too many cryptocurrency  is good for investor and trader.  We have many choice  to invest.  It is competition. So we will see the winner.

[Tristanerus]

A lot of choices and ofcourse the more challenging for crypto traders and the same situation to us as a bounty hunter by choosing a good one that we think could make us earned in the future after following them through bounties, like wearing their signature.

[comer]

 It brings cryptocurrency into a bad situation. Having too many coins make the investment scattered and probably can't pump any coin because the money is not centered on an area wherein the price can be.pump. Money in the alts market was divided on so many coins making it hard for them to increase the price.

[kaleemmalik]

One main purpose of too many cryptocurrency  is that people can buy according to their preference  and budget..and the 2nd major  purpose is earn more more profit in form of money..