Can New Projects compete with the established ones?

[coin-investor]

Of course, as long as they can offer something to the table and they can compete and be on a good rank in the market, we have seen this happen on so many new coins in the market, but build up takes time, and they should have something better than the other coins with the same concept.

[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?

To say, It's a no for me, already established projects or cryptos are just going to eat the new coins in the market. But if the new project do really possess the best characteristic it can have, it can dominate those that are already established.

[robelneo]

Why not, investors are always on the look for a new kid in town and checking if it has something to offer to investors and community, if they can find something worthwhile or unique then they will go for it and besides it pays handsomely to be an early bird to a good project.

[vova.andreyan.94]

Of course they can, a lot of new projects are quite capable of implementing very interesting ideas!

[nugezmils]

Of Course they can. New projects, new ideas, new technologies, new implementation, great timeline and great market strategy can have a long good impact on the project and its result. Also, they can study the past projects, and know its flaws so that it can be used as an advantage in implementing theirs. They can compete. It may only take time.

[icecube45]

Sometimes many new projects enter the market with very good and interesting features, but when they go longer they all die and disappear. This happens a lot, the most difficult for a new project is to survive. It is very difficult for new projects to be able to compete with old projects such as BTC. I think there is no need for a new project to be able to compete with old projects, the most important thing is to be able to survive long on the market. Let alone competing with old projects, to survive is still very difficult.

[Kolikalex55]

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?

It all depends on marketing and technology. For example, Ethereum has competition with EOS and TRX but Ethereum is still in the lead. If we talk about the stock exchange, we remember that Binance is a young company but due to marketing it is a leader in the trading market !

[Darklinkz]

I believe that is very possible because in my opinion, the real competition starts when mainstream adoption kicks in. So all the projects out there does not really have a lot of advantage except some of them that are already established because of their names getting hyped and mentioned.

[defoman]

I think new projects have every chance to overtake their older brothers, but they need time to do so. Finance takes many steps to popularize the exchange itself and cryptocurrencies in General, but this does not mean that it can not be shifted from the pedestal.

[thaliaand]

I think there're always chances for new projects to compete with the existing estahblished ones. It depends on the projects themself how to reach their goals and consistently doing developments.
I am not too clear about grin, but I don;t think other altcoins can reach bitcoin for now.

[BADBITCH]

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?

Let’s just say that instead of competing; they are complementing established projects by bringing in their ideas and solution

Just like tron stellar and eos are doing very good behind etherum

And litecoin is complementing bitcoin well too

[Alucard2425]

I think new project has a great advantage in competing with established ones due to they can see the flaw of the established one and new ones has the chance to fix that flaws and make their project more better than the established ones

[mrdeposit]

I think new project has a great advantage in competing with established ones due to they can see the flaw of the established one and new ones has the chance to fix that flaws and make their project more better than the established ones

It depends on project itself, BTT may be example. It is in 48th place. But, depending on the situation, others can not even get to the softcap. Also " softcap reachers" are traded several times below the ICO price.

[Abal Abal]

I think anything can happen to new crypto or new projects. in my opinion crypto can only be combined with what already exists depending on the TEAM's performance from the project. so the success of a crypto depends on the seriousness of the team to achieve it.

[Chika08]

Yes there is every chance that new projects can surpass existing ones. I don't know about grin, but nauticus has been doing excellently well lately which has given it chances of survival.  Also a yet to trend exchange ironx will be doing better too

[maxitdev]

I think it depends not only on how good the developer team is - which is really important - but what problem want they solve.
Like our project https://www.maxicreditcompany.com/ where we develop a peer-to-peer lending system to take a step forward to not only lending to hodlers.

[campusnet]

Yes there is every chance that new projects can surpass existing ones. I don't know about grin, but nauticus has been doing excellently well lately which has given it chances of survival.  Also a yet to trend exchange ironx will be doing better too

I see some assets are now experiencing a fairly high increase, but not all of them are rising. mostly there is an upward trend, although a little we will wait for the assets we have up on the market, because now we are ready for the arrival of bulls.

[Tipstar]

As time passes, new and improved technology and approach would hit the market and Almost all of older coins would fail to upgrade as there would always be a limit on how far a coin can upgrade unless you do a complete swap which is unlikely for a large coin. So, it's just a matter of time the new projects would surely compete with established ones and make them obsolete.

[Fammosh82]

I believe cryptocurrencies will be gaining legitimacy as a protocol for business transactions, micropayments, and overtaking Western Union as the preferred remittance tool. Regarding business transactions – you’ll see two paths: There will be financial businesses which use it for it’s no fee, nearly-instant ability to move any amount of money around, and there will be those that utilize it for its blockchain technology. Blockchain technology provides the largest benefit with trustless auditing, single source of truth, smart contracts, and color coins

[Ayiranorea]

Every coin that has secured a position in the top list were once a new coin. Some coins stayed without any form of growth for a long term and then experienced growth reaching the top list. Same can happen with new coins, comparison is not an issue, something appropriate needs to be compared.