Can New Projects compete with the established ones?

[jackflag]

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

I think that only 5-10 old projects can compete with new projects. After all, you need to allocate a lot of money to the competition.

[Felic43]

Definitely Yes i did new project that compete with the existing coins have only made gain in new coin so am advocate of new coin.

[Caladonian]

It happens all the time and a good new project with a solid idea and team can still perform very well. It can take some time for people to learn about new good projects though.

If it's a good one surely it will attract investors and create a noise around the market, there's always chances for new one to compete if there's real usage and community is strong enough to create attentions, from time to time people / investors are looking for possible venue to invest their money, if they find good advantage and potentials they will begin to study everything about the new offers, all the advantages will be notice before to invest.

Technology is keep improving and enhancement always account into considerations.

[itasannah]

Of course, the new project certainly has better potential. And that doesn't mean this old project has no potential. New projects and old projects, in my opinion, depend on you who chose the project. Because both have the opportunity to succeed, but it can be a failed project. And you must be careful in choosing a project.

[AwoCorporation]

Of course, the new project certainly has better potential. And that doesn't mean this old project has no potential. New projects and old projects, in my opinion, depend on you who chose the project. Because both have the opportunity to succeed, but it can be a failed project. And you must be careful in choosing a project.

unfortunately now many new projects come with concepts that are similar to pre-existing projects. they come not with a good solution to offer. then their chances of competing with existing projects are very heavy.

[ObscureIM]

sure, if they can implement new techniques

[starplaks]

Of course, this is possible, because now there are quite a few interesting projects that can easily compete with old ones!

[JayTrain]

Yes, there are many excellent projects, which not only will be competitors, but may also press old projects from the market, mr crypto is only gaining momentum, and old projects are full of flaws, with which new ones can easily cope.

[ObscureIM]

The problem for new projects is that they are forks... and they're not particularly good ones at that. If a developer from one coin is trying something out, i think if you are going to fork a project, make sure u try something else so your work doesnt overlap..

[cewekimut]

A new project can be a very good competitor. Because more and more new projects, of course, there will be many choices for choosing the best. I personally rate this new project very good because many have succeeded. But there are also many fraud projects. So we must be careful when choosing an ICO project.

[whirlcoin]

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?

I think the new projects will not be the competent for BTC because each and every new project has a goal to achieve so it's been going like that we don't think about our investment please down with a new project.

[snisps]

This is a good question. I believe that is quite hard for blockchain based projects to achieve the level or standard platforms because of their new age, user interface or technical reasons. I believe that some industries have it easier to perform and reach users if they have a user friendly interface and the concept is simple. Lets take transaction applications or communication platforms. I've been using lately Sylo, which right now is a semi-centralized platform for communication. They have been around for few years, so they are not just another ICO. Since blockchain offers easier decentralization through it's nodes, Sylo team used P2P technology combined with a blockchain protocol to make communication immutable or basically fully decentralized. This is an example, so projects that have a working product and try to use blockchain to improve it, may stand a change. But having other projects that rely on blockchain alone and have just started will be quite hard to get on top in their respective niche.

[Genemind]

I think there are chances that new projects can compete with established projects. As long as there are competitive team and supportive investors in a project, there's no stopping a project from growing.

[harrypotpot]

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?

Yes, basically when the time is moving, new technology arises, and these new projects comes with new and better technology that's why we can assume that these new projects can out do some already established ones.

[tranquangvinh]

maybe, why not? If the project has a good idea and a hard working team, they can completely overcome established projects, you can see it more specifically in real life, there are many new companies are growing and getting stronger

[Little Mouse]

You have mentioned grin here. So, new project can compete with old one if they have something innovative to offer. Grin has already proved it it was able to reach at top 200 crypto at the beginning of its journey.

[juchin]

In my opinion, new projects and new coins and tokens are created in order to compete with old ones. This is how cryptocurrency can and should develop. New ideas and new technical solutions will appear constantly. This old coins and tokens need to constantly monitor in order to be competitive, otherwise they can eventually be thrown out of the market.

But there are many new coins which are created totally base on platform of old coins and also follow their roadmap. Is it considered a completion for the old ones?

[sirminesalot]

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.

the development of crypto currencies and crypto projects requires innovation and change that will get better if it really needs something new and can make it more developed again I think it will be better

[TheCrimsonFucker]

I think it depends a lot on the projects themselves that will be launched today because almost all possibilities have already been released and in addition, many old projects are adaptable and able to evolve even if they are old.

[Mianae]

Any project can compete with any other project some old projects might feel reluctant and pause their development plans. New projects with active dev team who have better usecase will always compete in the space.