3000+ Cryptocurrency on Coinmarketcap

[dimox]

actually, if is there dead coin or dead token, they must remove them, clean it and make it good for the survived coin. its not good if there are many coin or token in there, its like many garbage in one place, even though many coin is dead coin.

[Aabcde]

I don't think I need to worry about that. Something new there will definitely be many followers who copy it. This indicates that the crypto world is in demand and continues to grow. Personally, I found 2 conclusions about it. First, the number of coins or tokens that appear causes crypto information to spread faster throughout the world. Second, the presence of new coins can also backfire on the crypto world itself, as is the case with scam projects.
On the other hand, people will eventually learn to the truth that eventually brings coins or tokens that really have the function and usefulness to be a good asset for the future.

[matchi2011]

actually, if is there dead coin or dead token, they must remove them, clean it and make it good for the survived coin. its not good if there are many coin or token in there, its like many garbage in one place, even though many coin is dead coin.

If that's possible better do it while it's still can, since everyday another new tokens/projects being offered. Having it clean and removed those
dead projects will help to free some space and to have good options for investing your money.

Hope things will be properly sorted for much better market place for both old and new traders.

[comchien]

That's not really good for this market, there are too many cryptocurrencies that do not have a function or product that are also traded, it will destroy good cryptocurrencies, we should restrict and should not store. it's inexperienced. Hopefully bad projects will automatically disappear from the crypto market and return a real market.

[ecnalubma]

Coinmarketcap is also listing garbage and they don’t care, i think they have to re evaluate their list and list only alive projects. Anyway we don’t have to monitor all of them and if the list is scraped probably around 50% might be left.

[CryptoBry]

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.

Ideally, the more number of players in the industry the better it must be for the whole market because people now have a choice. The biggest problem is that this increasing number pf players do not correspond to an increase in the quality of the projects as many of them as just "me-too" type and many just don't have use-cases clearly defined thus they don't have targeted market of their own...they can be good in their Whitepaper but look closely you can be discouraged at what you can see. The deregulated and decentralized nature of the blockchain and cryptocurrency have produced little monsters that are not contributing a lot to the health of the whole industry. This is what we get when we allow the open market take anything thrown into it without an established vetting process at hand. Sooner or later, these entities must be weeded out when intense competition is setting in. I am wondering what are the things we can do as ordinary watchers of this industry to make the marketplace as healthy as it should be...?

[maydna]

Yes, we will be going to see more new coin/token will be launch in the future, and that number will increase more. But for the good coin, I guess that we can see only half or less that will be good for trade while the rest of the coin/token will not be profitable. But while the project on every new coin still running, the number for the good coin will also increase.

The big number of the coin at the market is not healthy for the crypto itself because people will be focusing on the top 100, and they will not search the other coin. I think people will feel that it is enough to choose or pick one or two coins from the top 100 or less than the top 200. But with the bigger list of the coin at the coinmarketcap, it will make a competition for every coin in the list so they will try to give a good project to people.

[JwJimJim]

A lot of the innovators in the crypto space are being outdone by coins with large financial resources and marketing. A lot of these coins and some in the top 100 are dead coins when it comes to blockchain progress but not dead due to high trading volumes, for new people it's hard to determine what is a good crypto and price is a easy way to fool someone into thinking it's a good project.

[tenakha]

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.

These are the normal ones that coinmarketcap listed. However, there are more than ten thousand coins that are not here. I think it does not matter how much the number is, unless it is scam. Already the powerful ones remain to the end. On the contrary, the more there are, the more choice we have in finding what we want.

[pedpedped101]

What bothers me most, is that with the increased numbers of coins in the market, they all seem to be competing with the limited available funds, not considering the fake volumes on some exchanges.
If you look critically well into it, the number of coins is far above what is seem recorded by coin market watch sites, because some have not been officially listed and some have not attained the volume, to be qualified for such listing.
There are coins that have been lusted, yet the volumes have drastically depreciated.

[finzyoj]

Not a good sign at all because if you will compare the ratio of good and true valuable coins from shitcoins the result with be very far from one another. There's a super huge gap between one another. So if we assume that alts grow more and more, shitcoins tend to expand even further. More of it will means more victimized investors. Then when many people are getting scammed, it means many people will get mad at the crypto community. It was surely a disaster .

[Kvalentine]

New coins are been built to do better than old coins but instead many useless coins are been build, i see no reason for all this coins to be in existence since they are not usefull, thousands of coins is way too much if you ask me, we don't need that much, investors needs to be wise and smart

[smyslov]

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.

For me it's really bad, but investors now knows how and where to invest, so in time it will diminish, the number of new coins are now lesser than two to three years ago, maybe in the next five years the market will stabilize with the number of coins that has usage and products and services associated with it, and besides investors only care for coins that are in the top 100.

[bryant.coleman]

Even now, the majority of the cryptocurrencies are not listed in Coinmarketcap, because they don't qualify the strict requirements of the CMC. In order to get listed, the cryptocurrency should be having a certain trade volume maintained over a specific period of time. Many of the shitcoins are excluded, because they can't maintain this threshold. If this requirement is removed, then we'll be having more than 10,000 coins and tokens listed in the coinmarketcap, as opposed to the current number of 3,000+.

[pamsugas]

with its many new crypto means that crypto is very popular with people.

crypto with zero volume and no product is certainly not good. Coinmarketcap has a requirement to melisting coins, chances are the coins will be deleted immediately right.

[OasisDre]

Its insane with the amount of coins and tokens we have in crypto world, they are mostly been built on unrealistic ideas and they have no real use, its left for all investors to choose wisely and thousands of these coins and tokens will sure die, that is certainty

[Bellarg]

And 2800 of them are totally trash. 1.5k is dead i guess. They should clean thier list

[boltz]

Coinmarketcap should renew their policy about listing new coins there so in this way they could prevent fraud coins to be listed there. Now you need to be listed on a good exchange and have a certain volume and capital in order to be listed but all of this can be done with money and bots for capital and volume. I think they should renew it by making deep researches on the projects before they actually list it as they add more coins every day and most of them after top 150 won't even make it to the next bull run...

[o48o]

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.

It's healthy and unavoidable. Anyone can create a coin and it's even easier to create a token. It just raises the flow of smart money into high marketcap coins when people realize where the stupid money is going. Anyone is free to try out their own idea of a token or coin, and everyone is free to invest to in any idea. I am a big believer on markets darwining them selves out.
There will be even more scams and shitcoins because the stupidity of people is an endless supply. Only thing we can do to make a difference is spreading information or suing the real scams afterwards.

[Experia]

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.

Those coins that has been listed on CMC are once before a good coin in the market even for a while, and since those coins has been left behind because of different project and coins raising it will truly affect the trading volume of it and I cant see it as unhealthy because of lots of project that are raising.