Too many Altcoins without value?

[kingvirtus09]

That's make everything. Altcoins should be value very much and most of them right now are experiencing the -95% of decline since ATH
i'm pretty sure some are dead projects and they will have value on bull market.. The cycle keeps repeating.

[markint]

Indeed, it seems to me that the number of cryptocurrencies and tokens that exist today is too small compared to the great potential that the market still has and the myriad of products and services that can still be integrated into this emerging market, so that we should not be surprised to see a much larger number in the near future.

[Virtual-Money]

This is the reason why Ethereum can't easy to recover, because there is so many Scam ICO Altcoin base on Ethereum.

[Menawi12]

Its true that too many altcoin in market. There is more than 1900 different coin and token in market and for investor its hard to make investment choice because many coin or token have similiar project with different total supply.

[SistaFista]

Indeed, they are not having value because they just created the coin without a real project planning and execution.
Another thing to consider is the marketing strategy of the coins.
If they have enough funds to do some good marketing activities, then their coin will have value even there still no product.

[cryptoskillful]

Many creators have created altcoins and tried their luck in the crypto world. Altcoin that has unique and powerful technology, that's an altcoin that will be able to compete with other altcoins. If a new altcoin that is born does not have its own privileges, then it will be destroyed over time.

[Souldream]

Indeed, they are not having value because they just created the coin without a real project planning and execution.
Another thing to consider is the marketing strategy of the coins.
If they have enough funds to do some good marketing activities, then their coin will have value even there still no product.

Those altcoins that has no value are those coins that was just starting their campaign for that crypto they implemented. I believe that every crypto has their own value but at the moment it is hard to justify the true value of altcoins because of the current situation of the market and I bet that it has a huge impact to the value of the coins too.

[Mihaylovic]

it is true. and actually it is a very good thing for the ecosystem. because we all know that most of the projects that based on blockchain are scam. that is why they become crap and shit coins after a while. so it means that people are aware of those scams.

[global110]

My dear, what you say is so true. A lot of coins without future. Wish things will just be different as the developers of these coins will do things differently.

Thanks for sharing.

[goribert]

I also believe that the amount of existing cryptocurrencies seems excessive in view of how small the market is still, but we must take into account that this is to be expected in an open market like this, where anyone interested in benefiting from the expected crypto boom can aspire to take a slice of the pie, however, since many of the recently launched projects never had a viable idea and only arose for purely speculative purposes, it is difficult for them to survive the hard blows of the current market, which will only be willing to give life to viable and reliable projects.

[daviost]

Yes i agree with you cause there is a lot of Altcoin who copy the old coin feature and some of them is scamming too. Beside that a lot of coin only focus for exchanger and after listing in exchanger they not focus on their product and it make the coin slowly die.

[yugyug]

Utility token is the next big thing compared to many dead useless shitcoins and it is much better to create product or services first than creating useless coin. Utility token is paired with ITo (initial token offering) which is the cunter part of ico. Scammers can easily create shitcoins with no value at all but creating winning product and services is what makes the utility token more credible.

[francedeni]

Yes i agree with you cause there is a lot of Altcoin who copy the old coin feature and some of them is scamming too. Beside that a lot of coin only focus for exchanger and after listing in exchanger they not focus on their product and it make the coin slowly die.

Well, when we observe the market there are really many altcoins and shitcoin. It becomes no value because of no improvement in their project. So for us not to get lose when we invest let us search first before we put money in crypto.

[leetlezee]

In order to see more value in the altcoin world, I think we're going to have to wait to see some truly useful utility coins come out and get some decent market adoption to bring some interest back into the sphere. Once that happens, we might start to see some traction in the price of the useful coins.