There are so many cryptocurrencies in the market, what do they do?

[Elmer Grant]

And will be much more. Mosre than 95% are for nothing. They are useless. But some of them have their own usage. For exa,ple DexAge will use their token DXG as a fee. And t's good. Because it's a tokenomy.

[Red-Apple]

your feeling is correct. the only use case of 99% of the altcoins nowadays is to be pumped and dumped so that people can make profit, mostly on their bitcoins that they invest in altcoins.

but initially altcoins started as an alternative to bitcoin so that we can use the full of potential technology called blockchain in other forms but eventually developers realized they can make a lot of money by not wasting time on innovation and spending time on hype and pumping.

[profitgenerator212]

I have a lot of questions about the cryptocurrency market.What is the role of so many cryptocurrencies?I feel that there is no other use besides hype.

There are more than 2100 current cryptocurrency listed in coinmarket, but only about 200 cryptocurrency is practically applied and has the future. And all the remaining cryptocurrency is created to scam people and just to pump and dump to make money from this market

[Lalafell]

I have a lot of questions about the cryptocurrency market.What is the role of so many cryptocurrencies?I feel that there is no other use besides hype.

Every day there are cryptocurrencies that been created and all of the cryptocurrencies that been created have their own purposes. We can see a lot of cryptocurrency in market but not all of them are alive and some of them are dead because there is no volume. Lastly, I think the top cryptocurrencies have a big role and purposes in our economy and market.

[Yaunfitda]

I have a lot of questions about the cryptocurrency market.What is the role of so many cryptocurrencies?I feel that there is no other use besides hype.

Yep, majority of them are useless tokens and is design to create hype and pump-and-dump to make more money for the whales and manipulators. So it's obvious that those coins will just die or lost to oblivion.

On the other hand, there are coins as well that offer real life usage, and enjoy the support of most crypto enthusiast. Tit-for-tat.

[batang_bitcoin]

That's right, there's no use for most of the altcoins in the market.

Although they have market cap that sums to the total crypto market cap. That's all, they contribute to the whole market through the money that comes to them but with real usage, I don't find any.

[Rebisco]

I have a lot of questions about the cryptocurrency market.What is the role of so many cryptocurrencies?I feel that there is no other use besides hype.

The role of most of the altcoins are for speculation. Traders are using the volatility of the altcoins for them to earn profit. There are only few altcoins that have uses in our society like Ethereum and Ripple because these two altcoins can be a mode of payment.

[sensay]

And will be much more. Mosre than 95% are for nothing. They are useless. But some of them have their own usage. For exa,ple DexAge will use their token DXG as a fee. And t's good. Because it's a tokenomy.

DXG - exchange coin.
The main advantages of exchange coins are guaranteed liquidity and support from the sites that issue them.

[bitvalak]

I have a lot of questions about the cryptocurrency market.What is the role of so many cryptocurrencies?I feel that there is no other use besides hype.

Only 20% of all cryptocurrency that actually has real evidence. The rest is just a failed project that is just left. People behind the project are also the same. Make many cryptocurrency projects for various purposes, the most important of which is usually to seize popularity for the benefit of the group.

[carlosvaldes]

I have a lot of questions about the cryptocurrency market.What is the role of so many cryptocurrencies?I feel that there is no other use besides hype.

Yes, it is. I don't see the real use case for me except BTC and ETH. I use them to make payments between my friends and partners. Stablecoins are ok as well - they are necessary for hedging. The rest are just speculative assets, nothing more.

Many altcoins do not have any use.99% of the cryptocurrency will be zeroed in the future.And there are many speculators in this market.The speculation is very common in here, so don’t be surprised too much.

[yulchatar]

Yes, indeed, now there is such a huge number of names on the cryptocurrency market which is simply amazing imagination. Creating a lot of different currencies with different names has become very easy and simple. And all this is done with one goal - to earn as much as possible.

[Thanasis]

I have a lot of questions about the cryptocurrency market.What is the role of so many cryptocurrencies?I feel that there is no other use besides hype.

Just bump and dump coins,they were created with the purpose of money making so it is not going to stay too longer or will have any real value,those coins will just go with the flow of market.

[ShadowBits]

I have a lot of questions about the cryptocurrency market.What is the role of so many cryptocurrencies?I feel that there is no other use besides hype.

Many of them where created just to get a lot of money from investors and they promised a lot of things but in the end they turned out to be useless.

[satriagedhe]

some coin are make their unique function and other coin are copying from other coin to make their profit only and leave it after .

[Elmer Grant]

And will be much more. Mosre than 95% are for nothing. They are useless. But some of them have their own usage. For exa,ple DexAge will use their token DXG as a fee. And t's good. Because it's a tokenomy.

Sorry. forget about the Huobi Russia. They also have a well creadet tokenomy and very good exchange that already running. During an ICO. It's a big plus for them. So more than sure they will also be great in a future.

[taktik]

And will be much more. Mosre than 95% are for nothing. They are useless. But some of them have their own usage. For exa,ple DexAge will use their token DXG as a fee. And t's good. Because it's a tokenomy.

Sorry. forget about the Huobi Russia. They also have a well creadet tokenomy and very good exchange that already running. During an ICO. It's a big plus for them. So more than sure they will also be great in a future.

perhaps for a cryptocurrency market it will be better if my number is not diminished. Then more funds from investors focus on more promising projects. And this in turn will provide an opportunity for the qualitative development of the cryptocurrency market.

[aprilnot]

I have a lot of questions about the cryptocurrency market.What is the role of so many cryptocurrencies?I feel that there is no other use besides hype.

the thing they do is a dump. during this fall almost all crypto outside of rank 100 is a big dump. as you say this is just the hype after it was abandoned. becoming safer is an old coin that has a large volume

[rudolfaxl]

They are exist and this is their main purpose)) Actually there are too few real projects which are useful for society. Perhaps only few top projects could be considered as valuable for community while others just do nothing. But yeah, most of them is still useful for investments and trading... somehow)

[WalterGarrison]

Research and buy. I take a part in a bounty firstly. Investigate about a project, team, and the reason they run an ICO. From the last ones is Huobi Russia. Good already working product, a lot of benefits for participiants, and a new token in my collection.

[cytpoway121]

I can assume that just half of the tokens in the coinmarketcap has no use case
There are so many crypto currency tolem that functions well and we have not learnt about them
Just dyor and learn more