Can New Projects compete with the established ones?

[AnimeKingman]

Hi everyone; as I'm sure you're all aware new projects continue to flood into the crypto space at a regular pace; (my newest favorite being GRIN and Nauticus) however I am wondering if these can compete with the established projects like BTC and BNB?


https://grin-tech.org/

I feel like Grin is a much more fair playing ground than Bitcoin; with no premine and no ICO etc; and much stronger privacy (maybe better compared to monero?)

https://nauticus.exchange/

Much like Binances BNB due to trade fee reduction; but with FIAT onramping and Securities incoming.


Can newer projects make big enough waves to usurp their much older larger brethren?

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[bitmover]

Grin is not competing with BTC. It's more privacy focused. It is also a plataform where new ideas are going to be tested , and in future those ideas may be applied to bitcoin.

New projects and ideas are always good, but they are not necessarily competing with older ones. They can coexist and complement each other

[Solondrado]

Hi everyone; as I'm sure you're all aware new projects continue to flood into the crypto space at a regular pace; (my newest favorite being GRIN and Nauticus) however I am wondering if these can compete with the established projects like BTC and BNB?


https://grin-tech.org/

I feel like Grin is a much more fair playing ground than Bitcoin; with no premine and no ICO etc; and much stronger privacy (maybe better compared to monero?)

https://nauticus.exchange/

Much like Binances BNB due to trade fee reduction; but with FIAT onramping and Securities incoming.


Can newer projects make big enough waves to usurp their much older larger brethren?

IDK too much about Grin, but I should have learned more about it bcuz I heard it's doing really well. As far as Nauticus, I've used the exchange a few times, no issues so far. Does anyone know more about Grin and the purpose behind the project? I'm curious if this is the "next" big thing or not?

[AnimeKingman]

Grin is not competing with BTC. It's more privacy focused. It is also a plataform where new ideas are going to be tested , and in future those ideas may be applied to bitcoin.

New projects and ideas are always good, but they are not necessarily competing with older ones. They can coexist and complement each other

What would Grin best compare to? I understand it's meant to have a stable price for transactions which seemed to be Bitcoins original intentions; at least at first. Now it's more store of value-like?

Would you say BEAM is closer to bitcoins model?

and What about Nauticus?

[Legitimate9322]

Grin is not competing with BTC. It's more privacy focused. It is also a plataform where new ideas are going to be tested , and in future those ideas may be applied to bitcoin.

New projects and ideas are always good, but they are not necessarily competing with older ones. They can coexist and complement each other

What would Grin best compare to? I understand it's meant to have a stable price for transactions which seemed to be Bitcoins original intentions; at least at first. Now it's more store of value-like?

Would you say BEAM is closer to bitcoins model?

and What about Nauticus?

Most people on here know my stance on Nauticus. I think there's a bright future with that company. As far as BEAM and Grin goes, I've only heard of BEAM. I think there may be something there (diamond in the rough), but idk enough about it to make an accurate prediction.

[plr]

Yes, it's possible provided that the new project has something to new to offer to the community, and that new thing is something that the community can use like Ethereum, and Waves, there are a lot of good projects before them but they surpassed them in the market.

[mindrust]

Competition is good but I don't think GRIN can threaten the position of bitcoin. If it comes close, bitcoin will simply add MW as a sidechain. There are thousands of altcoins around already. What difference does it make if there are another 2 coins...

GRIN will probably make its way to the top 20 list few years later. It is still too early for GRIN.

[paulk11087]

Of course they can also compete. I don't think that this is about me being an old or new project. I know there are some very successful new projects. They are now waiting for the market to recover. When the time comes, they will show themselves.

[CryptoBuds]

I believe yes, they can. Ethereum was a new project some time ago as well. I suppose that time of getting out to the market is extremely important to be succeed. Let's recall ETH release date - July 30, 2015. It was the beginning of the whole market take off. So in the second half of 2019 there could appear new game changer projects as well.

[AnimeKingman]

Yes, it's possible provided that the new project has something to new to offer to the community, and that new thing is something that the community can use like Ethereum, and Waves, there are a lot of good projects before them but they surpassed them in the market.

Do you think Nauticus or GRIN posess that potential?

[Invigorated]

Absolutely possible... The way to go about this by any new project is to come out with something unique, rewarding and refreshing. Like bringing something offering to solve a direct need that hasn't been fulfilled yet. Once that is done, with dedication, technical knowledge and a decent community, they could be a force to reckon with thus, giving them (New Projects) a chance to successfully compete with more established projects.

[Backupnime]

it's a arelative, the future from altcoin is depends on the coin developer itself how the management and development of their team and the enthusiastic community of the coin

[3core]

Yes, that's right New Projects can compete and even subdue established ones provided they have what it takes in terms of good utility of token, established team, and a nuance whitepaper.

[Badhuamin]

may be able to compete with existing projects as long as the project now has to be better and must have a lot of interested people in order to survive in the market.

[Dreamchaser21]

They can compete if they have the real usage in this market. Many new coins are able to land on the top coins because of that and for sure they will continue to make good technologies so they can beat the top coins. The competition is very strong in cryptomarket, if you to survive you will do good.

[ije07]

it will be very difficult for new projects to be able to compete with old projects especially bitcoin, but that does not rule out the possibility because bitcoin also tends to go down and at that time they have the opportunity to take over the market especially if they have new concepts and innovations

[testadimerlo]

It depends on what you mean cause the projects that are you talking about are not 'competitors' but every projects aim to be the king in a field. Imo it's never too late to get success.

[cryptojac17]

They can compete if they have the real usage in this market. Many new coins are able to land on the top coins because of that and for sure they will continue to make good technologies so they can beat the top coins. The competition is very strong in cryptomarket, if you to survive you will do good.

Indeed, more developments needed in order to purse coin improvment for new rising coins so that their demand will increase and could gain better marker value in sooner time. It's by random scenarion that we will be able to see good markets to rise at higher competition, despite of established projects were already their having strong community. Overtaking top coins cannot be done in shorter span of time, it really takes long term to withstand competition.

[Yurkov]

Hi everyone; as I'm sure you're all aware new projects continue to flood into the crypto space at a regular pace; (my newest favorite being GRIN and Nauticus) however I am wondering if these can compete with the established projects like BTC and BNB?


https://grin-tech.org/

I feel like Grin is a much more fair playing ground than Bitcoin; with no premine and no ICO etc; and much stronger privacy (maybe better compared to monero?)

https://nauticus.exchange/

Much like Binances BNB due to trade fee reduction; but with FIAT onramping and Securities incoming.


Can newer projects make big enough waves to usurp their much older larger brethren?

Technology is growing every day. I think that with cryptocurrencies and all projects in this market, it will be like the development of cars. At the beginning cars were slow and dangerous, with time they are more and more modern and better - the same will be with the projects on the cryptocurrency market.

[fianaindriati]

there could be competition between new projects and long-standing projects. because the new project sometimes offers advantages, and many people feel tempted by the offer. but we also need to examine the new project first, whether the project is promising or the project is a scam