Why We Have So Many New Projects & Platforms?

[Oksana Ksyusha]

Really now there are a lot of crypto projects now. I think it is because really it is very profitable field now. There are high risks but at the same time high level of profit.

[Freemind]

It is sad that most new projects are looking to ride on the market hype. NO new areas, Defi, DAO, Defi, smart contract, NFT etc but we need something

You are right, there are many projects that are launched daily, but very few are worth it since 99% are memes with no use case or just scams. It is in the remaining 1% where we must focus our attention and look for projects that really offer good products for the industry and the community. It is not easy but if we manage it we can find some worthwhile jewels, that is why it is necessary to be patient and not give up at any time, otherwise the only thing we will see will be memecoins and other nonsense.

[kitcat]

There is a lot of money in the world right now, and that has to count things. Nfts also gained a lot of value because of this. but the most ideal may be p2e projects. Making money by playing is another thing. To give advice, Vulcano is the best for me. The community is very active and there is good circulation in nft trading. worth a look

[Beattysuhita]

Really now there are a lot of crypto projects now. I think it is because really it is very profitable field now. There are high risks but at the same time high level of profit.

Many new projects in Crypto show that Crypto is developing well, but not all of these new projects are well-intentioned. 
There are a lot of scam projects here, they set up projects just for the benefit of individuals only. 
They want to take our money by cheating, therefore we have to be careful when we want to join new projects.

[therozaq]

Really now there are a lot of crypto projects now. I think it is because really it is very profitable field now. There are high risks but at the same time high level of profit.

Many new projects in Crypto show that Crypto is developing well, but not all of these new projects are well-intentioned. 
There are a lot of scam projects here, they set up projects just for the benefit of individuals only. 
They want to take our money by cheating, therefore we have to be careful when we want to join new projects.

well, there are many scam projects, be careful and always been doing research.
I agree with you, many projects is good for crypto, that show crypto is developing well,  as you said.
Many developers really enthusiastic to create new projects.
Of course, scammer also create too.
But no matter, If we have good knowledge about crypto , scammers will difficult to cheat us.

[damsix]

Indirectly, I am currently following the EGOcoin project because I see this project is good for us to support and has a lot of power that will grow in the future for the EGOcoin project.
Maybe more precisely, I saw from the #DevelopmentTeam  behind EGOcoin and this would really be the best choice for us to judge that EGOcoin is a new project that will shine in the next 4 years.

[Freemind]

I just invest meme coins at short term, when fomo.
I think It's good time to get big profit.
Yeah, I agree with you, too easy to create the tokens.
many tokens are worthless

The last time I "invested" in a memecoin (Shiba Inu) was last year, and I say this because I only invested $100 for a friend to see how it was bought. I don't see the point of memecoins, I prefer to invest in projects that really offer some new use case to the industry. I have always preferred the long term as they have always brought me more benefits than the short term, but like everything in life it is a matter of ideas and perspectives when it comes to investing.

[Confero]

Indirectly, I am currently following the EGOcoin project because I see this project is good for us to support and has a lot of power that will grow in the future for the EGOcoin project.
Maybe more precisely, I saw from the #DevelopmentTeam behind EGOcoin and this would really be the best choice for us to judge that EGOcoin is a new project that will shine in the next 4 years.

Egocoin has a large community, I am also optimistic that this project will be a success and everyone who participates in it will get special benefits.  We really have to be careful in choosing a new project, lest we lose our money and we will regret it.

[rizqillah]

Indirectly, I am currently following the EGOcoin project because I see this project is good for us to support and has a lot of power that will grow in the future for the EGOcoin project.
Maybe more precisely, I saw from the #DevelopmentTeam behind EGOcoin and this would really be the best choice for us to judge that EGOcoin is a new project that will shine in the next 4 years.

Egocoin has a large community, I am also optimistic that this project will be a success and everyone who participates in it will get special benefits.  We really have to be careful in choosing a new project, lest we lose our money and we will regret it.

Me too, I'm joining EGOcoin bounty campaign, But didn't research more about this project.
I think you should share what the factor make us believe on this project ??
I have seen many new project because too easy create new coins,  but to choose very potential coins are not easy.

[jonathancool220]

Still in a reasonable environment because I am also sure that projects like this will continue to grow as more investors understand the benefits that can be taken from the cryptocurrency space.
I am also sure that in the future there will be good projects and become pioneers for a better future, even though the comparison is around 1:500 cryptocurrency projects!

[dekafee79]

Still in a reasonable environment because I am also sure that projects like this will continue to grow as more investors understand the benefits that can be taken from the cryptocurrency space.
I am also sure that in the future there will be good projects and become pioneers for a better future, even though the comparison is around 1:500 cryptocurrency projects!

If the project is very potential and has good team I think this project will be pioneer at the coming years.
But not easy to choose potential and legit team, too many scam projects there.
The reason why so many new projects and platform, because to easy to create tokens and too many scammers will scam you.

[masudginanjar]

There is so much enthusiasm from the cryptocrurency community that it makes a lot of projects based on cryptocurrency in the hope of creating tokens at low prices and then those tokens when the bulls go up in price and all investors have a pretty good profit.
I am also sure that the power of the project in cryptocurrency is extraordinary, the hype has increased as the price of Bitcoin continues to rise and is very expensive, believe me, all the newly launched cryptocurrencies are based on Bitcoin.

[Freemind]

well, there are many scam projects, be careful and always been doing research.
I agree with you, many projects is good for crypto, that show crypto is developing well,  as you said.
Many developers really enthusiastic to create new projects.
Of course, scammer also create too.
But no matter, If we have good knowledge about crypto , scammers will difficult to cheat us.

I do not agree with you that it is good for the industry that many projects are being launched. Most of these new projects are just looking for funding, they are useless memes, when the projects that are really good and bring new things are very few. If you look at the list of new coins/tokens added on Coingecko (there are less on CMC), you will see that of all the new projects, 99% are useless memes and those projects are just looking for quick funding.

[Freemind]

There is so much enthusiasm from the cryptocrurency community that it makes a lot of projects based on cryptocurrency in the hope of creating tokens at low prices and then those tokens when the bulls go up in price and all investors have a pretty good profit.
I am also sure that the power of the project in cryptocurrency is extraordinary, the hype has increased as the price of Bitcoin continues to rise and is very expensive, believe me, all the newly launched cryptocurrencies are based on Bitcoin.

I don't entirely agree with your opinion. The coins/tokens that are based on the Bitcoin hype are those that really have nothing to offer. Projects that offer new things and new use cases are launched regardless of the value of Bitcoin at the time, as they have development. Anyone can create a coin/token in a few minutes, giving it value is really difficult, that's why new meme coins appear every day, because they are worth nothing.

[Noverteno]

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

Thanks to the open source code of cryptocurrencies, everyone has the opportunity to create their own cryptocurrency. If the project and the cryptocurrency are not useful to society, such a cryptocurrency will leave the market very quickly, since no one will need it. This is a very good way to quickly improve the cryptocurrency. At the same time, people always have the danger of investing in a useless or even fraudulent project. There is a choice here, and this choice must be wise, as we can easily lose our money.