3000+ Cryptocurrency on Coinmarketcap

[janggernaut]

Days back the available number of cryptocurrencies reached 3000+ while the trading pairs have gone above 20750, and today it has got increased to 3025. If the same continues we can expect the number of cryptocurrencies available in the market to be above 3500+

Is this a healthy thing for the growth of cryptocurrency network or is it degrading the value of the system as large number of cryptocurrencies are available with zero trading volume and without any product backing.

When it started we are seeing many coins has been visited on coinmarketcap is not available in the market now because every users want the good coins which can grow in the future purposes.
That aspect thing only we are seeing massive downtrend on altcoins since the market does not performing well.

What i also hate from CMC is they don't delete any token/coin which has been delisted from exchange and just keep showing their stats even though there is no any market. That's make the number of token/coin they have keep increasing

[Furryball]

Days back the available number of cryptocurrencies reached 3000+ while the trading pairs have gone above 20750, and today it has got increased to 3025. If the same continues we can expect the number of cryptocurrencies available in the market to be above 3500+

Is this a healthy thing for the growth of cryptocurrency network or is it degrading the value of the system as large number of cryptocurrencies are available with zero trading volume and without any product backing.

The total available coins today are over 3k because not all of them made it to coinmarketcap yet, some are still on queue and many are new projects, either healthy or not bad projects will fail in the end and the market will be left for few good coins

[TheUltraElite]

What i also hate from CMC is they don't delete any token/coin which has been delisted from exchange and just keep showing their stats even though there is no any market. That's make the number of token/coin they have keep increasing

Coinmarketcap is an aggregator of coins and their statistics.

If they would start removing coins because they got delisted then there would no way for investors who bought those coins to keep track of them. A dead coin may get revived which is the dream of main failed investors.

Also removing coins is a radical steps which will bring in a lot of backlash on the site from the communities and this will lead to its downfall. After all sites like CMC and others depend on user views, donations and traffic to keep the site running. There are already some sites attempting to predate on its downfalls. Get my point?

[joshy23]

Days back the available number of cryptocurrencies reached 3000+ while the trading pairs have gone above 20750, and today it has got increased to 3025. If the same continues we can expect the number of cryptocurrencies available in the market to be above 3500+

Is this a healthy thing for the growth of cryptocurrency network or is it degrading the value of the system as large number of cryptocurrencies are available with zero trading volume and without any product backing.

When it started we are seeing many coins has been visited on coinmarketcap is not available in the market now because every users want the good coins which can grow in the future purposes.
That aspect thing only we are seeing massive downtrend on altcoins since the market does not performing well.

We do use this site for investment references as many people checking around to see the progress of their supported projects. A lots of coins are no longer performing as the competitions make it tougher from time to time.  There'  a lots of new creations which are also unsure with the fate that they'll going to achieved while trying to survive with this industry. CMC will keep bringing those coins and give some hints if the project are doing well or not.