Why We Have So Many New Projects & Platforms?

[Tnoy30]

As the price of cryptocurrencies rises, lots of new cryptocurrencies are being added to the market. The amount of trade in these is increasing day by day, a lot of trade is around the new currencies. However, some coins are being destroyed. Unfortunately there will be cases of destruction of some old coins in the market. But we have to be very careful, we have to be careful about what we buy. So I think the market needs to be aware.

[Lenipiw]

New projects are definitely needed to keep cryptocurrency prices rising. New projects in the market keep coming and they help to increase the price of old projects. There are lots of new projects in the market that are very successful flowers. There is a need for new projects in the market, as I think high-end cryptocurrencies will help raise prices.

[@chison]

I am sure the market will never seem to get saturated. Rather, some older coins can die off. This is because new project with newer concept will always keep springing up.

[ayatoslaw]

As the price of cryptocurrencies rises, lots of new cryptocurrencies are being added to the market. The amount of trade in these is increasing day by day, a lot of trade is around the new currencies.

Since the past, new projects always appear everyday, this is not a surprise, and if many old coins are beaten by new coins, it is very natural because many new coins appear with extraordinary project concepts and clear developments,
so it's no wonder that many old coins are left behind by investors.

[Senin]

The continued emergence of more and more projects and platforms indicates that the cryptocurrency continues to develop rapidly.  Therefore, in any case, this is good, despite the fact that many scammers use this opportunity to take possession of the money of gullible investors.  This is a common and inevitable process.  Useless projects and their cryptocurrency will leave the market forever, and only those in demand will remain.

[Falcon]

Of course the market is the place of competition in daily basis. Normally, new organization will create a project that's highly competitive and beneficial compare to other. I think the development of altcoins will happen everyday because the world is wide and people are curious to explore things. Creators are born so investors too.

[MrSpasybo]

New projects are definitely needed to keep cryptocurrency prices rising. New projects in the market keep coming and they help to increase the price of old projects. There are lots of new projects in the market that are very successful flowers. There is a need for new projects in the market, as I think high-end cryptocurrencies will help raise prices.

I think we just need really good projects instead of scams. Plus I don't think the emergence of new projects is the driving force behind the old tokens.
The prices of the tokens, the projects and the whole market depend on the value they bring to the world.

[tervel]

With the advent of many projects come a lot of scams. To be able to assess a project objectively, you should be looking at a combination of factors. Everyone has their own approach to researching prospective Platforms.

[Astra]

Cryptocurrency is a decentralized market.  There are no regulatory bodies and licenses here to create your projects and your cryptocurrency.  Everyone can create their own project and their own cryptocurrency.  And since huge amounts of money are concentrated here, this also attracts many scammers.  Therefore, a lot of various projects are being created, but not all of them are in demand and leave the market.  This is quite normal and thus the cryptocurrency can develop.

[Quantum X]

Have you encountered a good project along this category lately?

Two years ago I participated in a potential project called showmebiz but sad to say the team stop the project few months affter we did the kyc. No doubt that there are some good project but it is not just that because the team need to be tough ang clever to succeed.

[nelson4lov]

There are tens and thousands of crypto projects out there we can't really count them, cause they are too many, dead, running and on going projects, I think the reason why there are always new projects is to solve some kind of problem facing the previous one, we all know nothing is perfect there will always be some loopholes in projects, so these new projects keep coming out with the aim to solve or rectify those loopholes, it's kind of evolving.

[shadowdio]

I'm wearing betfury signature so I can tell this project is good and very promising and this platform is already 1 year I guess so yep it's good. We must careful to pick a project if we going to invest because there were many scam projects nowadays and scamming will not end.

[junkimichi]

I agree and see several projects that have almost the same product and the difference is the price and where they do IEO. I don't understand why they don't have any other ideas for making a product?

[Evgenklm]

A good project is very rare today, many people want to raise as much money as possible and make empty promises to investors, as the author correctly noted.I would like there to be a third party that resolves disputes with investors and the project.

[Fivestar4everMVP]

I've encountered a few projects that are very unique in innovation and technology, just like the op have rightly said, many new projects spring up in the crypto industry everyday, and out of all this new projects , i did say from my own estimation, that its only 0.5 to 1 percent of this project that are genuine and starts a chance to become a key player in the industry.

But then, i will like to compare this happenings in the crypto industry to the happenings of the real world, people set up new businesses everyday, and only a few of this new businesses stand a chance to be known and patronized, the rest is just people trying to test the waters.