Competition between altcoins

[Gastonic]

Well, this question is not so much about altcoins as such as about free and unrestricted competition between cryptocurrencies, by and large, bitcoin included. I think it is the first time in the modern history when it is possible to see how currencies can compete against each other without government intervention promoting one coin and trying to compromise another. If I'm not mistaken, right now we have over 1000 different cryptocurrencies. I don't know about you but to me it is an obvious overkill, a lot more than we will ever need, for real life. So how are things going to develop in the coming years? Will most of these currencies die out eventually and thus their total number is going to decline dramatically or will we always have an influx of a shitload of new coins?

What should we expect from cryptocurrencies on the scale of years or even decades? How many will be there and how many do we actually need?

[ivanleon]

It is impossible, however, that the flow of coins will be constant, gradually the trend will go away, and the market will remain the best and most useful coins, and the rest will simply die out. In the next year or two, we are still waiting for an uncountable flow of new coins, but after that it will end.

[pelana vreo]

I hope crypto and technology can be used in every country, actually there will be no coins that die if they have a strong community and the developers keep having discussions with community members they have collected for a long time, sad if I see a successful project but they leave does not provide information about the development and progress of the technology they have developed

[mamun777]

I am sure in future as long as altcoin is concerned, the number will be reduced because most of the shitcoins will possibly crash because they will not be able to survive the crypto market but the legit ones will remain. I am also sure the rate at which altcoins come in will be reduced because investors will only be interested in more potential coins than in just anyhow coin.

[waitingforday]

Old unpopular cryptocurrencies will die, replaced by new a more perspective coins with 2.0 technology. Also i believe that coins like Ether will continue to evolve coz of DEX'es like ethremium.com.

[bdsharminsoltana]

Many shitcoins will eventually die, but this is not due to the fact that there are lots of coins, but because the coins don't have a clear purpose and their #DevelopmentTeam  fails to develop the coin. There are lots of coins in the crypto market and new coins emerge every day with different objectives but I don't think that all compete with each other but they go together with the traders who can exchange.

[JaymondStark]

The needs of humanity changes over the decades, so we need new solutions. Every altcoin is focusing to solve one problem, some of them are affecting directly to our lives, and others are focusing to solve problems of the blockchain which provides new opportunities for other crypto coins.

So the answer is, we will need so many new projects in this area.

[Pandawa5]

in fact all criptococurrancy coins are good but what they can last as long as we expect
for long-term investments, it's better to choose only a few coins that we think have great potential in the future and can last a long time even though they often crash

[Asebaby]

This is getting every investor panic and feeling that Cryptocurrency is becoming a Gambling platform,the number of ICO,s coming up each day are so much that the investors are becoming confused,it will be best it is regulated to avoid scam ICO,s and investors security.

[khufuking]

A lot of Coins/Tokens are not real currencies and just a utility Coins/Tokens. Among the huge number of cryptocurrency, only very few are competing in term of being a real currency and the rest of this very big list are just projects in which most of them are just shitty projects and will die eventually.

[yousufatik]

It seems to me that we are not able to predict the list of altcoins that might have a bright future. The market is changing from year to year. Many of them will not survive or exist at all. Regulators would work closely with all new ICOs in order to prevent some fraud.

[ComeBack]

I agree, Before I don't really believe that there's another world/industry that where these kind of things are happening. Competitions between those coins/projects are really normal now it's like survival of the fittest.

[sampoerna]

there are many altcoins that have good prospects and that makes altcoin suitable for investment or trading. I think if we can manage it well, then we will also get the benefits. I hope that cryptocurrency will still last for several years to come so that we can get profits from it.

[waitingforday]

Nowadays looks like exists altcoins for everything. Specialty ERC20 tokens. On ethermium.com already trading more than 1500 tokens.

[Mikam]

Many of them will not survive or exist at all. The regulator will work with all new ICOs to prevent fraud. Looks like I can't predict an altcoin list that might have a bright future. The market changes from year to year.