So many cryptocurrencies !

[Thodin]

Governments are trying to create some measures for this, but this isn't their work and it will never be. I believe that crypto community, in general, will figure out a way to prevent scams and such overexpansion of worthless projects. After all, we do have a unique system for building trust. Math can solve so much

[sieemma]

I really agree with the OP that there should be a form of regulatory body to minimize the risk of fraud in the cryoto space. With so many cryotos, people find it difficult to choose the best ones and fall victims to scammers.

[RAAAMA]

I believe in healthy competition. If it's a healthy token then it will survive. This is the same thing happening in our economy right now. There are so many businesses being established on a daily basis and not all of them survive. Mostly failed actually due to lack of preparation and without a solid foundation. What happening in the offline world is the same thing happening in the online world.

[Panpan66L]

There are 1624 currently active cryptocurrencies and more than 100 cryptocurrencies exchanges working right now in 2018.
With so many cryptocurrencies in the market Without regulations I feel there should be some body to legalize only a few , since its not like the more the merrier!
It just increases risks of any Fraud.
Small companies often are at a risk of shutting down with so tough competition.
The reason why the percentage of market Bitcoins dominates isn't exactly because they got less investors now , it's just because with so many currencies around the globe it's getting saturated and distributed .
Only some of them would be successful like 10-20 but with this tough competition it's risking people's investments and both these small small exchanges.
I strongly believe that a regulatory body should tackle this and then make a decision.
I think is negative in it's own way.
Share your opinions below , do you think it's positive ?

Wow! They are so many! I think that with time they will just be delisted and forgotten, because I think the non popular token will not be lasting for long time.

[Chooroz]

I think we need an association or organization to manage that. Well, governments will indeed try to take over this action and I think that's what we're seeing right now.

I agree that right now there are so many cryptocurrency and for me not all of those crypto have a good future and i dont really think that all the cryptocurrency will survive on the market for long time and i am sure that only the crypto that have a future will survive for long time.

[nano77]

at the moment a lot of crypto currencies are popping up and each crypto currency has their own road map and I think it's their responsibility, developer, to take that path in their minds so that it will make their crypto a success. If their crypto currency does not survive in a cruel competition with many other opponents then I think it is the developers fault

[Carpenter194]

A lot of shit coin, not crypto currencies. Follow the successful of some major crypto, everyone hope have NEW BTC chance.

[Ashong Salonga]

I believe that in future there will bo not many left and the only ones who will be in the market are the ones that will have a working product and provide something to the society by solving a real problem.

It is true that this year of 2018 there are so many cryptocurrencies on the market but i believe that if we want to invest in crypto, we just need to choose a crypto that have s bright future just like investing on top 100 crypto.

[rohitkaira]

Yes, it is becoming so confusing with so many currencies in the market but there are few which dominates the market like BTC or Ethereum because they are early in the market and more trusted as compared to alts because of their long term existence but on other hand most of the crypto currencies have to prove their worth, as blockchain technology is in initial development phase and no dominant technology till now and most projects claiming to have better technology than others.

I think in this initial phase of blockchain technology development, it will remain uncertain which technology or project will exists in future but I think the major players in the market should come together to form a self regulatory forum and only certify the projects which are technically sound and have enough resources to develop the basic infrastructure to launch a crypto currency to weed out frauds or scams.

[zoomzoom]

Disagree about some body to control new cryptocurrencies.. seems strange people would think in that was and be involved in the crypto community considering the whole ethos is no centralization. I think it's good to have so many, lots of different ideas, and good ideas will rise to the top. Such as with Ethereum, a good idea, well executed.

[Acsirp]

Because of the many ICOs project being launched then , it will create many tokens and tgis tokens will be registered in the coin market, that is why the coin market index is flooded with so many coins, yhat came from successful ICO project tokens.

[xyandrobot]

I see a lot of new coins and tokens in each year. does it make investors have a choice? or investors may not focus to invest because of the number of koihn or tokens in the market.

[celakkenyang]

I do not understand why every year many new coins are listed. I think the positive thing that can be in the presence of new coins is the possibility of crypto technology can develop. with the existence of new technology will be the creation of quality coins.

[mary0919]

There are 1624 currently active cryptocurrencies and more than 100 cryptocurrencies exchanges working right now in 2018.
With so many cryptocurrencies in the market Without regulations I feel there should be some body to legalize only a few , since its not like the more the merrier!
It just increases risks of any Fraud.
Small companies often are at a risk of shutting down with so tough competition.
The reason why the percentage of market Bitcoins dominates isn't exactly because they got less investors now , it's just because with so many currencies around the globe it's getting saturated and distributed .
Only some of them would be successful like 10-20 but with this tough competition it's risking people's investments and both these small small exchanges.
I strongly believe that a regulatory body should tackle this and then make a decision.
I think is negative in it's own way.
Share your opinions below , do you think it's positive ?

I do not think it needs a rule because each one of us has its own well to do some business with crypto. Let us let every developer of the coins to make their offers good and potential project as long as it gives a good output to anyone not making scam to investors. Everyone has the right to make their business potential.

[Zeque02]

I believe that in future there will bo not many left and the only ones who will be in the market are the ones that will have a working product and provide something to the society by solving a real problem.

It is true that this year of 2018 there are so many cryptocurrencies on the market but i believe that if we want to invest in crypto, we just need to choose a crypto that have s bright future just like investing on top 100 crypto.

Right, but for me there is no question about the number of cryptocurrencies on the market. It is a matter on what we choose to use, that is why it is very important to read and know everything before having it.

[fullhdpixel]

This is totally ok if we were just compared this amount of currencies with world cash-amount of currencies, but only few of them are really matter just like in the world. It is very obvious, that they cannot make a difference.

It has been sometime that so many crypto currencies have started jumping into the market and this need to be clarified that which is genuine and which is not. In my opinion, we can really escape the web of the crypto currencies and can distinguish between a bad and a good one by researching more and more.

Also if we are able to evaluate the good cryptos, we would be able to have good output in future. As long as you do not built the skills to make things happen, nothing will happen.

[sevendust777]

This is totally ok if we were just compared this amount of currencies with world cash-amount of currencies, but only few of them are really matter just like in the world. It is very obvious, that they cannot make a difference.

It has been sometime that so many crypto currencies have started jumping into the market and this need to be clarified that which is genuine and which is not. In my opinion, we can really escape the web of the crypto currencies and can distinguish between a bad and a good one by researching more and more.

Also if we are able to evaluate the good cryptos, we would be able to have good output in future. As long as you do not built the skills to make things happen, nothing will happen.

There are a few crypto currencies that have potentials if your looking for a honest coin/token. Some of them are from the Top 1 to 100 coinmarketcap. Well mostly at top 20 but not all. Look for a real project and serious people that's all what we need to know. We need a few good crypto currencies but not thousands i think.

[RudeeTam]

I do believe that regulation should be imposed on ICOs. It's part of the evil that we should take in order for cryptocurrency to thrive moving forward. The market is currently being saturated with bogus companies giving bogus tokens and it's a bad rep for crypto.

[alizalela7]

We have a lot of cryptocurrencies in our statistics that have more than 1000 coins each of which have their own characteristics and they have very specific cryptocurrencies for us.

[gezhid008]

There are many kinds of crypto-currencies on the market, but many will be eliminated as the market demands them.

I still believe in free markets, and a regulator can only break the rules of the current market.