Too many altcoins!

[Seerge]

The more Altcoin, the greater our chance to gain profits in trading, and it is our job to choose good coins.  Our chance to get big profits is very high if we get a low price altcoin that has the potential to have high prices in a short time.  But because of the difficulty of predicting the price of Crypto, this makes us have to be more careful.

[Altcoin1998$]

Yes brother you just say very important things in present time maximum project CEO create their project only getting money. After getting money they never continue their project on exchanges arranging.

[aji678]

most of them think only of money they want to get, but there is also for development and really take advantage of current technology. too much altcoin is also not good, but must be balanced with the price.

[Fenix]

The fact that a lot of altcoins appear on the cryptocurrency market, including many useless ones, is a normal process of improving them. Given that this area of ​​the market is not yet regulated and many are tempted to fraudulently raise a lot of money through a fictitious ICO project, and this pushes many away from cryptocurrency, all the same, altcoins continue to develop at a fast pace. Even though their prices are constrained by the dominance of bitcoin. As a result, only useful and promising altcoins will remain. Now, of course, it is very difficult to figure out such a large number of coins and tokens, but over time, perhaps they will become even smaller. It is difficult to say where their further development will lead.

[Luckyperson21]

Yes, there are some altcoins that were created just to get money. After the token sales period ends, they list tokens in exchange to give investors profit who buy their tokens, after which there is no progress on the products they develop. They just disappear.

[Zemytha]

They created altcoin because they have innovation. Although almost the same as the others. At least it can create the technology needed at the present time. I am more interested in altcoin like this, it might be cheaper to be used as a transfer fee than other altcoins.

[Contagem]

Indeed, a lot of new coins have appeared, but the market clears itself and useless coins leave the market, and then die. Therefore, I do not worry about a large number of coins. Competition will leave only the best coins on the market. The same situation will be with useless projects, they will also leave and only strong projects will remain.

[Bobcrypto]

And there are actually some good projects out there with good use cases or that solves the needs of the people. Those that are not relevant, or could not address vital use cases will be out of the market even at the short run period. Every altcoins are launch to address important issue in the ecosystem, and if that is not addressed, that may result to complete collapse or dead of the project.

[vanjava]

I think Altcoin was made to be able to keep up with current company or project trends so as to facilitate transactions and enhance their development. apart from that the founder of every altcoin would want to profit from the project created.

[masterrex]

Actually its a continuing process as long as there is a new projects that has it's own token or coin the proliferation of newly created altcoins has always been there as long as the cryptocurrency industry was still thriving it will not stop.

[trauchot]

The more altcoins, the better, as for me, because poeple are trying to use new altcoins and their technologies in new areas, which is very important for humanity and in general for the development of the cryptocurrency sphere, and therefore I think let it be better to have more altcoins than fewer.

[Ta.Form]

Because at crypto, we are free to make any altcoin. There is no prohibition on this. I even found several altcoins with the same symbol. They are free to be creative as long as they do not fool investors.

[Noverteno]

I do not see anything wrong with the fact that about two thousand altcoins have already appeared. This is a normal cryptocurrency development process. Useless altcoins will eventually leave this market forever, and only promising ones will remain. Therefore, because of the very large number of altcoins, one should not worry. Over time, the cryptocurrency market itself will determine which ones are worth staying.

[WhiskeyHoney]

There are many altcoins based on really good ideas. But at the moment there are so many altcoins, because there are many unscrupulous people who create currencies in order to earn money from this

[Confero]

Cryptocurrency is indeed a digital payment instrument which is a payment instrument that has many advantages over FIAT money in general.  Here many people or companies consider that this is a good opportunity to get profits, therefore it is created by new coins by them, with the aim of course can generate huge profits from the creation of Crypto coins by them.  However, only high-quality crypto coins will survive and have high selling points.