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

[dizzy1996]

I will tell you so, you are wrong, because in fact, why are there so many tokens on the market? The answer is very simple, because the idea of ​​each token in solving the problems of our society by means of simplifying certain processes, but I cannot but agree that there are many fraudulent projects, but I assure you that there are very few of them, in fact there are very promising projects that are in the process of modernization and they just need time to improve their market situation.

[5thFear]

Well, it depends from currency to currency. There are some projects that are worthy and are very much in the market but then there are projects that have no use and are there by some accident.

[frost_wind]

Coins are simply traded on the stock exchanges, and the projects themselves are working to implement their ideas and develop business. What else can they do? All coins sold at ICO are primarily an opportunity to attract investments for the development of the project. Therefore, the project has no choice but to develop its business and create new areas of use for its coins.

[sabine80]

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.

it really looks like most altcoins have no real use. i noticed that too and i think most of the coins are just made to make the dev team rich. so few coins will be really successful and many are just worthless clon coins.

[Yalovtsev]

Most of them will leave the market,as there are circumstances that the company can not be more than the market is located for this,here's an example,what happened after the fall?how many projects and startups have already bent, a lot, just a lot,and I will say this trend leads to the fact that everything can change at any time,so I will say that 50% of Cryptocurrencies will definitely leave the market in the near future

[yakushev]

For the most part, absolutely nothing useful is not done, they just pull all the free funds of investors, there are practically no unique projects and probably will not, it seems that the ideas are over