Too many Cryptocurrency in Existence What are the Benefits!

[Prime]

The benefits are to have many choices for listing tokens/coins and places for trading. I think those are the benefits if we have many exchanges. But with many exchanges, be careful to choose bad exchanges. I advise you to choose top exchanges only.

[vanjava]

naturally crypto continues to grow from year to year, even within a few months there must be new tokens or coins that appear. I think tokens or coins must have benefits and their respective functions. so we only need to choose which coins have the potential to continue to be used in the long run.

[dekafee79]

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.

I think  too many cryptocurrency in existence has benefits  for us.  We will have many chances to invest.  But We must choose good crypto,  because I see too many Scam in cryptocurrency.  many chances is many risk.

[Fenix]

If a lot of new types of cryptocurrency appear, this first of all means that it is developing and improving very quickly. All that will not be needed will not be in demand and will leave the market. Therefore, the more cryptocurrencies, the better. For us, the only task is to understand well their necessity and prospects, so as not to encourage their useless species, but at the same time not to incur losses.

[FOPL]

Undoubtedly most of these coins are shit coins, they lack problem solving capabilities, use cases, #DevelopmentTeam , better token economics and several others. On the other hand, some of these project are helping solve problems we face in our daily life, improving in various economic sector etc.

[Rivaldi Kunkun]

Many coins have been made and of course, the competition is getting tougher. And make some coins experience a decline in prices and even coins can die due to difficulties to get investors.

By having different types of Cryptocurrency of course we have many options. But only coins that have a strong and thriving team, of course, will continue to survive.

[Jaephoenix]

Like they say, too many cooks spoil the broth. And that particular crypto broth is always getting spoilt by the minute. Lots of meaningless projects popping up, some straight up scam. They don't bode well for crypto

[Noverteno]

It seems to me that the more cryptocurrencies appear, the faster it will develop and improve. This happens through trial and error. The more there are various options for the development of cryptocurrency and the wider the circle of carrying out this type of activity, the faster the desired effect will be achieved. Of course, a large level of fraud among it has a very negative impact on the development of cryptocurrency. However, this is already a side effect.

[corr]

Yes, the market is already saturated with various coins and unnecessary ERC20 tokens. Most of these tokens are from bounty and they are not traded anywhere and cost nothing. They just clog the ETH network. A lot of projects have closed this year and are gone forever. The market is getting clearer because people are better able to understand what crypto currency to invest.

[Master107]

In the place of business development of coins is necessary. The paradigm of business cultural approach is turning into another paradigm shift which is the high tech application and implementation to innovative business. The weaker coins will become lesser and the strong will dominate the market.

[Nestle]

I agree with your thoughts.The imbalance between investors and the number of coins in the market makes many coins unable to survive. Eventually the coin will become a coin that has no value or amount of volume.

[trauchot]

I think the more different cryptocurrencies appear, the better, because new cryptocurrencies appear with new ideas and new technologies that can be used in new areas where cryptocurrency has not been used yet and of course new cryptocurrencies bring new investors to the cryptocurrency world and this is good for the cryptocurrency sphere.

[alstevenson]

Yes and many of them already die due to this bear market, they cannot survive this condition. Real cryptocurrency with use case and hard working team will prevail in the long run. Too many cryptocurrency in the space have benefits too, the competition who's better are heating up.

[owmivmen]

I think in the future there will be regulations or restrictions for making projects or coins in the future. The other side that I see if this applies is more trading volume because only the coins that are able to survive will exist in the market. In addition, the interest to invest will be better because investors only see coins that have been around for a long time or survive in difficult circumstances. I do not turn on if someone's needs are increasing so that it impacts on the growth of his coins or new projects every year.

[Cutter Cute]

Too many Cryptocurrency in Existence What are the Benefits!

I am interested in this discussion, there are so many cryptocurrency platforms and all of them are made to make it easier for everyone to make transactions, low speed and costs, such as sending Bitcoin, ethereum and other altcoins in large quantities, does not require a large fee.

There are many altcoins indicating that there are many products offered, such as the storage of gold assets into crypto. That's why we always see new altcoins to be everyone's choice in investing or in choosing services to store assets owned by investors