Bitcoin Forum

What you think about new altcoin? Is it good for market or not? Please send your opinion.

Among the new altcoins there are both good coins and full losers. The market is affected by the capitalization of crypto - the most important factor that traders are guided by. It clearly reflects the criterion most important for crypto currency - the level of trust. Coins with a high appraised value are less prone to sharp price jumps and are suitable for long-term investments.

If that was developing a new idea and it will be so good for market. But if that was just another copycat coin and that's another shitcoin. I thought that the new coin will not give any impact to the market. That used its own value and it's not independent. the new altcoin doesn't create any stability. Crypto is about the volatility.

I think they are making huge differences these days and I am sure that they are making market more and more firm rather than stable. Stability can not be seen in the crypto due to its decentralised nature!

However, there are some project who are trying to add more than enough market cap in the total global market value.

Just take an example of REMME project, they started with scratch and no one thought that this project will bring great volumes like millions of dollars each 24 hours!

Now REM coin is just valued at 0.02 USD but that price is not important, what important is the companies contribution to the crypto world and it surely is best.

Thus they do impact the crypto community in positive way and may bring rigidness into it!

Every altcoin that has a real-world cause and usage will be a good thing in crypto, in general. We don't actually need an altcoin that is just fork or just a pure copy of a great one.

For the new altcoins, both can happen in the market. Its all about the prospect and acceptance of the coin in the market. If the price of a new coin shows a better reflection with better project overview it surely has the chance to contribute on making the market stable.

I don't think these new altcoin has any value because there aren't many active people in the whole market at present.
So in my opinion, this is not a good time to enter the cryptocurrency market.

I think it is good. New projects coming into the market is a good sign. Hopefully this will attract more investors towards the market.

Basically it depends on the coins. If that coins are scam than it will never create stability but if it is a good coin than it might create a good impact and stability.

It does not depend on altcoin but depends on the trust of the whole community for the crypto market. When loss of confidence leads to sell-offs, that causes prices to fall sharply. :'(