Why are there so many coins?

[dominoes]

A lot of coins complete the incomplete market. They are the new opportunities for new and old crypto members that could be possible as the investors.

[thanks rye18]

Well, the reason is very fundamental and it all stem from the fact that human needs and problems are insatiable. Every project that enters the crypto market is a solution to a problem or gap in our society. Developers create new coins to back these solutions in order to create more value for the crypto market.

the introduction of new coins become a problem of some cryptocurrency that are already exist in the market because most people are selling their crypto investment and diverting into buying new crypto or buying during ICO due to a very cheap price.

[patrol-coin]

I heard that Ico profits were wanted by the company with good ideas so investors would come to invest their money

[vegasus]

The number of coins is aimed at giving consumers a lot of choices and preferences and investors like us to choose which coins are good and which coins are potential and also which coins are not good. That's all we can choose with the large selection of Coins provided by the Crypto World.

[kemalramdanu]

There are more than 300 ICOs launched in the first half of 2018, the number is almost the same as the ICO throughout 2017. This means that more investor funds are absorbed. TaTaTu, a social entertainment platform, raised US $ 575 million from the sale of its tokens.

[AltLogan]

The same situation with money.
There are so many dollars have been created - even more than America can allow itself.

[Benwilder]

Well i think the influx of coins is due to human needs and these coins tend to help resort them in diverse ways. Also the team may have seen the cryptosystem and its needs and benefits,therefore these coins would be bought so to make profits.

[expander]

Because with so many coins we can also make choices that many also want to invest where. There will be a lot of innovations as well as making lots of these coins so they don't vacuum against certain coins. On the other hand, the advantages of crypto equalization are good and clear, so that people are not guilty of that coin.

[DogeTalk]

Crypto enthusiasts need new things. as well as the existence of new coins that are better than existing coins. That makes growing interest in each year increasing.

[BenWhite]

Each crypto has its own goal.
I think it's not about greed, but about competition.

[Cheratu Mesir]

With so many coins on the market proving that many ICOs compete with each other in the market. The ICOs project sells their tokens on the market and attracts investors by offering the development concept that their coins are the best. This gives us a lot of choices and analyzes which coins are the best on the market that will give us more profits by trading on the market.

[Dodo]

the advantage of crypto equalization is good and clear, so the innocent people on the coin. with so many coins we can also make choices that many also want to invest where. There will be many innovations and make lots of these coins so they don't vacuum against certain coins.

[djprobsbd]

There are currently many shitcoins in the market and in the future it is inevitable that they will be eliminated. Only good and potential coin is left.

[Keras lur]

now there are so many coins in the trading market, lots of coins are scam and make profit seekers in the trading market very difficult to find profits

[alltalk]

Developers take advantages from the popularity of ICOs. They know to make coins and manage the ICO's team is quite easy. All people can do it, and also the administrative and registration processes are not too strict. It triggers to many developers producing very large amount of coins. After one ICO project has been successful, then they become greedy and create another ICO. So, that's why ICO coins continue to multiply until now.