Do we need more crypto project?

[Delgboke]

There are over 3000 cryptocurrency projects listed in the crypto market while some projects are dead due to inability to fund their crypto project to the end which lead to abandoned project, what could be the major reason some of this crypto that just came into the cryptocurrency industry are surviving ahead of the long existing cryptocurrecy. In this case do we need coins and token to be created or developed?

[Crypto Guard]

Of course, in making a project, you should make sure that there is a good estimate in advance. Including the issue of funds for the sustainability of the project. There must be a plan A plan B and so on. Because after all a project must be able to run and survive until the project is completed.

[ashraf786100]

There will always be good and bad projects in the cryptocurrency, they can never stop. Every good project that comes in the market comes with its own plan and How to move their project forward So that it can run in the market.

[KKH84]

If a new project has its own fund of between 60% -70% without depending on revenue in ICO or IEO, I think it will be easy to achieve success.  Because indirectly the project already has a strong foundation, the ICO or IEO is only limited to public introduction (20% of the funds obtained from the ICO or IEO are very good for the continuation of the project).  If there is something like that I think there will rarely be a project that dies halfway.

[Andruha1993]

I think we need as few crypto projects as possible, but for them to be of high quality that help people and make a profit. I see no reason to create many crypto projects, which then die out.

[trauchot]

I believe that the more cryptocurrency projects, the better, because new cryptocurrency projects help the cryptocurrency sphere to develop, and also new cryptocurrency projects attract more and more investors to the cryptocurrency sphere, also a lot of new cryptocurrencies are already top-notch.

[masterrex]

There are over 3000 cryptocurrency projects listed in the crypto market while some projects are dead due to inability to fund their crypto project to the end which lead to abandoned project, what could be the major reason some of this crypto that just came into the cryptocurrency industry are surviving ahead of the long existing cryptocurrecy. In this case do we need coins and token to be created or developed?

I think Yes! because thats how this industry works, without new projects the Crypto space/industry will be boring, and because of that reason, I believe a new crypto project will be more needed in the crypto industry to make this Industry more vibrant and attractive.

[Sentinel]

I think that there are quite a lot of existing projects. And it is best not to add more, but how to maximize what is already there. The developers have to work hard for this. And don't miss it so that their project goes very well and can be successful.

[Power]

There are over 3000 cryptocurrency projects listed in the crypto market while some projects are dead due to inability to fund their crypto project to the end which lead to abandoned project, what could be the major reason some of this crypto that just came into the cryptocurrency industry are surviving ahead of the long existing cryptocurrecy. In this case do we need coins and token to be created or developed?

In my own opinion and knowledge. We don't need more coins and token to be created. Infact there are a lots of cryptos, coins or token that is not active and some are eradicated for some reasons. We need active projects specially in this particular forum. Legit bounties and active coordinators and supporters. The price of cryptos must increase also. It affects the strength of our forum. The main reason why we are all here is to grow in knowledge about Cryptocurrency and we are hoping that all of this cryptos will increase in prices. Let this forum be a guiding light to us.

[Ghozrd]

Well, I'm going to try to shed some light on why we see so many new coins and projects every year.
Starting from Bitcoin, blockchain technology was introduced to everyone to be able to store data and send Bitcoin to other users, then we see Bitcoin experiencing a little problem with the speed system, so we look at the Ethereum platform and see various projects that offer transaction speeds.
A new project is needed, but it must have a better idea than the previous project.
From the crypri project list, we have seen many of the same projects which I think would be better because it will make it easier for investors to choose the products they have.

[Condorlaib]

Well, I'm going to try to shed some light on why we see so many new coins and projects every year.
Starting from Bitcoin, blockchain technology was introduced to everyone to be able to store data and send Bitcoin to other users, then we see Bitcoin experiencing a little problem with the speed system, so we look at the Ethereum platform and see various projects that offer transaction speeds.
A new project is needed, but it must have a better idea than the previous project.
From the crypri project list, we have seen many of the same projects which I think would be better because it will make it easier for investors to choose the products they have.

Today, there are really a lot of projects and this suggests that there is really a lot of variety on the market. But there is variety and competition, but there is no trust in these projects. Bitcoin has the highest confidence level, just like Ethereum. But Ethereum performs much more functions than bitcoin. But nevertheless, Bitcoin is the leader of the cryptocurrency market and Ethereum very successfully complements Bitcoin for the flawless operation of all existing projects. Of course, I do not want to reduce the level of demand for other altcoins.

[Istiak]

It depends on how you see cryptocurrency. If you think it is just an alternative currency of paper cash then I think we do not need any more cryptocurrency. We can increase what we already have. But if you consider this as a product then more projects will come forward and this will continue as long as technology evolves.

[shadowdio]

I think the developers wants to make money that's why they want to make a crypto project and some of them just want to scam people. For sure those 3000 tokens in the market 80% of them were scam or dead tokens we should careful to pick a project to invest.

[Quantum X]

Not all is needed but to some particular place yes it is. Their purpose is what matters and make important to the investors, traders and buyers.

[KryptoBull]

I think the market is ready to welcome new projects with innovative and effective solutions, and it is necessary to remove weak projects so that the community can focus its support and investment on better project.
The professional evaluation of new projects will help the community find the right potential projects to join instead of falling into projects with the idea of copying nothing new.