Many new altcoins have sprung up why?

[ayatoslaw]

In 2016 until now a lot of coins or tokens continue to emerge, and every year is increasing,
if I look at it, the number of new coins appears because it wants to facilitate human activities, especially in the economic field, and especially helps to make transactions both buying and selling or other transactions.
What do you think?

[laughingburger]

In 2016 until now a lot of coins or tokens continue to emerge, and every year is increasing,
if I look at it, the number of new coins appears because it wants to facilitate human activities, especially in the economic field, and especially helps to make transactions both buying and selling or other transactions.
What do you think?

Some of the ICO coins might be they really want to do something to make improvement to the areas that they are venturing into but i think most of the ICO is useless and out to scam crypto users as now the trend in crypto is the booming of ICO using ethereum.

[Jaguar]

The more altcoins the more the merrier. But sometimes it is also the more chances to get into the scam project. That's the advantage and disadvantage of having more altcoins.

[Crypto Prime]

The number of new coins that appear is a good development for crypto currency. This will increase public confidence that crypto is safe. And this will trigger the creativity of the developers to continue to improve their technology so that the quality and interest of many investors will increase.

[TheHero]

In My opinion, i feel really concern about this problem. We can see everyday there will be a New altcoins who come out but most of them only just selling their vision without focus for the real usage/the product and some of them just try to scamming people. I cant say we wont have the Good coin/Good ICO but if the bad one more than the good one of course it will damage the crypto world. and the price reflect it now. The investor are too afraid to join the ICO because of that. So thats why i hope the regulator will quickly come out with some regulations especially for ICO.

[Unknown]

But not all of these new tokens are legit and succeeding, most of them will be inactive someday if they pursue to continue

[dragononcrypto]

Unfortunately for every good idea, there has to be a dozen projects trying to do the same thing, whereas only a few will bring something new to the table.
Not forgetting that for a hundred ideas only a handful will become successful utilities. Harsh but true I believe.

[Guerreiro]

The numbers of altcoins in the market is great but the serious new are just not much as what we really expect. This became the reason why the media is using this lapses to spread bad report to the community and bring the bear in the market.

[spark]

In 2016 until now a lot of coins or tokens continue to emerge, and every year is increasing,
if I look at it, the number of new coins appears because it wants to facilitate human activities, especially in the economic field, and especially helps to make transactions both buying and selling or other transactions.
What do you think?

I think that idea is good because they want to help us to make our life simple but maybe they are not ready to work on that project. Besides that, I think they need to continue the research about this so the project can help us and I am sure that they can be able to give a contribution to human life. Maybe we do not see this is happening in the short time, but I am sure that the chance will come to them to proves what they did.

[Zed0X]

I think altcoins quickly evolved in the past two years. The launch of the ethereum platform paved the way for many projects. The flaws of the earlier coins/tokens also inspired developers to make new tech that can solve those issues.

[akitha]

Some ICO projects wants to be true, wants to succeed.. some are just doing to make easy money, and they will just abandoned their project after their ICO has been finished

[cryptothief]

The market is definitely getting saturated, especially in certain fields, and it is inevitable that many will fail along the way. Can't blame companies for wanting to cash in, but as an investor, you need to be very cautious when selecting which projects to invest in. Potential is there to make big bucks, but it won't all be smooth sailing. Gone are the days of every newly released coin jumping up immediately when it hits the markets. In general investors have become considerably more selective, it's the same as any new investment opportunity, at the beginning the money is flowing in, but once doubt starts to set in, the easy money days are done.

[Bit]

This year is  avery productive coins from ICO especially. We can really see the growing age of the ICo tokens or coins on the lists, markets, and exchanges. many coins are available to pick with the different concepts. they are fresh but some still have the similar ideas. But at least, the crypto is still progressing.

[daviost]

Yes there is a lot of new altcoin coming out nowadays but i Hope they really come out for really to compete in this crypto world.  Cause nowadays a lot of ICO or the new coin only copy the old coin feature and add some ordinary feature and some of them are trying to scam people too. If you dont have the ability to researching the ICO, i suggest you to invest after the ICO and see their price when you will invest in them

[Dprincebh]

Not all project coming up it's real. Some are just fucking scammers trying to steal some money from the communities