Is the crypto market saturated?

[CaVO32]

Do you think the crypto market is saturated? If not, why? Your input will be greatly appreciated.

Most of the shitcoins are dying now, and not all cryptocurrency can last longer so I think we are still on a healthy market and not yet saturated. Though, there's a lot of new cryptocurrency sooner or later they will fade away easily and those who made a good service and technology will remain standing and keep pushing until they reach many people through their services. If we'ere saturated, the the market should go lower than expected because of many supply in the market, fortunately not yet.

Very true, with thousands of alts introduced in the crypto community, only few of them are actually popular up until today. And if you check how many of them have real use such as payment method or development platform, you can only count with your fingers the number of alts that are available for that purpose.

So we maybe seeing huge number of alts, but the truth is, small number of them have real usage and are actually being used. So I think, our market is not yet saturated as only few of them are being used according to its objectives.

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[Shasha80]

I don't see the crypto market is saturated, because there is still a high demand for some coins until now, and the price of some coins
also continues to increase. Even though there are lots of new coins that have appeared, it doesn't make the crypto market is saturated.
This makes enthusiasm in the crypto market increase, because we can have many option of coins that we can buy. But be careful choose
the coins that we want buy, not all coins are good for investment. If you choose the wrong coins, the risk is we can lose our capital.

[maydna]

The crypto market is not saturated because the crypto market still moving and get up and down every day. We also see that almost every month, many new project release to the market, and we see that people still have the enthusiasm to participate in the project, whether as promoters or investors. But I admitted that now, the crypto market becomes larger because we see many new projects using their way to develop the project. And each new project wants to reach their goals in the future. But we need to be careful to choose the project because there will still a project that doesn't serious with their project because they only want to make money from the people.

[yhiaali3]

Yes, I think that the crypto market is completely saturated and there are very many coins that do not have any benefit other than finding them for trading in the market, but on the ground, I think that it is possible to suffice with three or four coins that have an actual need and practical use in our daily life.
As you mentioned, there is Bitcoin and Ethereum, and they cover most of our daily practical needs, but I can add to them cheap coins and can be used in fast transfer such as TRX, XRP, I see that these four coins can cover our actual practical needs and cover the market need of coins.

[Abiky]

Yes, it is saturated, and yes, it is to be expected. I mean, you can literally fork a project right now and change a few stuff in the code, and boom you have your own cryptocurrency(hence why we see a lot of Bitcoin forks), without even necessarily needing to do some legal stuff.

Also noting that in the current cryptocurrency markets, you don't even need to have fundamental stuff to get people to be interested in your project; all you need is good marketing.

Agree. It's easy to fork a project. But making it popular and useful in the mainstream world is not. Most developers usually copy a cryptocurrency's source code in order to create a new coin for making a quick buck. It explains why there are so many tokens and coins on the crypto market today. The vast majority will simply die in the long run due to lack of utility. Only a very small portion of cryptocurrencies on the market will survive in the long run (mostly Bitcoin and Ethereum).

I think that the more coins there are, the better the competition will be in the crypto/Blockchain space. Besides that, development of Blockchain technology will advance at a fast pace. This is largely because developers working on different crypto projects test different features on respective blockchain networks. It'll be experimental grounds for the advancement of crypto and Blockchain technology in general. I'd expect Bitcoin to largely benefit from other projects' developments in the crypto/Blockchain space.

All in all, coins or tokens that are able to provide real use cases for the mainstream world will be able to survive in the long run. The market may be saturated but it should only be a matter of time before most cryptocurrencies and tokens fade into oblivion. Only Bitcoin, Ethereum, Litecoin, Monero, and Dogecoin will remain actively traded on the market for long time. Just my thoughts

[maxreish]

It's probably saturated. More and more coins are added for future trading purposes. Day by day, new coins are being traded, thus making it to be more populated and filled the crypto markets with different coins. Potiantial coins or not, if being used and trade by many, the market will most likely to be saturated.
 But let me tell you, if this crypto market is being saturated and shitcoins will be removed totally in crypto, the market will be able to improved. Only those strong coins will be left to be used and to trade.

[beerlover]

Is it really that bad? I mean it kind of shows that there is a bit of attention and interest as well, that is awesome. I love to see a ton of crypto and I would love to see attention towards as well, as long as people show attention I am down with it, and saturation shows that there must be some money to make from it, which is why I believe it is quite important that we should embrace it instead of reject it.

Let's have 10k+ coins, lets have a million coins, as long as people show interest to some of them, it is fine with me. Obviously not all of them gets attention but time to time some of them actually gets so much attention that it directly breaks into the top 10 as well, which is what I love about new crypto, 999 of them becomes bull shit but 1 of them becomes super awesome.

[Kelvinid]

It was expected to have this moment. The growing number of coins and market exchanges seemingly a good sign that we are spreading and adoption but the problem is that we are flooded by these shit and unreliable projects. It changes the image of crypto and most likely people never think how reliable it was as we keep hearing negative scenarios happening here.

Whose gonna blame?
Not only project developers could be blamed but also those people who support shit projects. Many projects showing up but later on, they will just pass by. Only those projects that contributed to the community will stay while the other will has gone soon.

[tippytoes]

There is no saturation in the crypto market, saturation will occur when all the struggles or efforts are achieved or materialized, but so far even the actual use of crypto or bitcoin is very rarely applied. With that, I think there are still many accomplishments that haven't been achieved so there's no way there will be a saturation situation in this crypto market. The number of cryptocurrencies that are created will not saturate the market either, because basically the crypto market will continue to grow over time and not to become saturated because there are so many cryptocurrencies on the market.

Very true, only few crypto projects are actually implementing their objectives. Blockchain tech is very helpful to company's operations if utilized properly but right now all those nice use cases are still on paper and not seen in actual scenarios. So yes, I don't think the market is saturated. We need more projects that can literally apply their objectives to actual situations.

[djmixen]

No, it's not being saturated so far. And as far as I know only potential and have a large volume in the market will remain into this business field of crypto space. Meaning, many altcoins will be gone in the future if Bitcoin or altcoins begin to spike their price rapidly in terms of their price value. This is what I thought about it.

[mersal]

According to CoinMarketCap, there are 6,588 cryptocurrencies being traded on the market right now. Almost every day we see new ambitious crypto projects being listed on major crypto exchanges, but only a select few are useful for the mainstream world. We already have Bitcoin and Ethereum, which are the most prominent cryptocurrencies on the market. Most (if not all) cryptocurrencies' code are based on either the Bitcoin or Ethereum blockchains. If we put aside additional features and base ourselves on the core blockchain protocol, then Bitcoin and Ethereum may be the only cryptocurrencies humanity needs to participate in the decentralized economy. I think that there are way too many cryptocurrencies and tokens on the market these days, considering that not everyone uses all of them for daily payments. Some developers launch new cryptocurrencies with no real use cases for the mainstream world just to make a quick buck.

Do you think the crypto market is saturated? If not, why? Your input will be greatly appreciated.

We can't define what is the exact saturation point of number of crypto currencies because it is not used for the purpose which is create for.IMHO yes it is overwhelming with lot of shit projects which is even gaining marketcap value due to ignorance of traders and smartness of whales.Furthermore these shit defi coming into the market and started collapsing the whole market with the word revolutionary idea so it might affect the crypto market in the short term but in the long term only the fittest will going to be survived.

[Oilacris]

According to CoinMarketCap, there are 6,588 cryptocurrencies being traded on the market right now. Almost every day we see new ambitious crypto projects being listed on major crypto exchanges, but only a select few are useful for the mainstream world. We already have Bitcoin and Ethereum, which are the most prominent cryptocurrencies on the market. Most (if not all) cryptocurrencies' code are based on either the Bitcoin or Ethereum blockchains. If we put aside additional features and base ourselves on the core blockchain protocol, then Bitcoin and Ethereum may be the only cryptocurrencies humanity needs to participate in the decentralized economy. I think that there are way too many cryptocurrencies and tokens on the market these days, considering that not everyone uses all of them for daily payments. Some developers launch new cryptocurrencies with no real use cases for the mainstream world just to make a quick buck.

Do you think the crypto market is saturated? If not, why? Your input will be greatly appreciated.

We can't define what is the exact saturation point of number of crypto currencies because it is not used for the purpose which is create for.IMHO yes it is overwhelming with lot of shit projects which is even gaining marketcap value due to ignorance of traders and smartness of whales.Furthermore these shit defi coming into the market and started collapsing the whole market with the word revolutionary idea so it might affect the crypto market in the short term but in the long term only the fittest will going to be survived.

Only the fittest will surely survive but as long this market is open then it cant really be stopped for those shitty projects to continuously spread like a virus yet these scammers do know that they
can potentially earn nor scam millions of dollars to easily.

I dont know why it do mention about saturated since it isnt really something like a method or a business and as you said it isnt really that on the purpose on what op is been thinking of.

Market has been flooded by lots of fraud projects this is why we should really be careful as an investor.

[mersal]

According to CoinMarketCap, there are 6,588 cryptocurrencies being traded on the market right now. Almost every day we see new ambitious crypto projects being listed on major crypto exchanges, but only a select few are useful for the mainstream world. We already have Bitcoin and Ethereum, which are the most prominent cryptocurrencies on the market. Most (if not all) cryptocurrencies' code are based on either the Bitcoin or Ethereum blockchains. If we put aside additional features and base ourselves on the core blockchain protocol, then Bitcoin and Ethereum may be the only cryptocurrencies humanity needs to participate in the decentralized economy. I think that there are way too many cryptocurrencies and tokens on the market these days, considering that not everyone uses all of them for daily payments. Some developers launch new cryptocurrencies with no real use cases for the mainstream world just to make a quick buck.

Do you think the crypto market is saturated? If not, why? Your input will be greatly appreciated.

We can't define what is the exact saturation point of number of crypto currencies because it is not used for the purpose which is create for.IMHO yes it is overwhelming with lot of shit projects which is even gaining marketcap value due to ignorance of traders and smartness of whales.Furthermore these shit defi coming into the market and started collapsing the whole market with the word revolutionary idea so it might affect the crypto market in the short term but in the long term only the fittest will going to be survived.

Only the fittest will surely survive but as long this market is open then it cant really be stopped for those shitty projects to continuously spread like a virus yet these scammers do know that they
can potentially earn nor scam millions of dollars to easily.

I dont know why it do mention about saturated since it isnt really something like a method or a business and as you said it isnt really that on the purpose on what op is been thinking of.

Market has been flooded by lots of fraud projects this is why we should really be careful as an investor.

Only fittest will survive also applies to the investor as well, so they need to be picky with the projects if they want to survive, life and investment is not hit and run its more about the longest survival so one who realize this fact will not invest on such shits because money making is getting more harder day by day.OP is talking about the number of active projects as saturated market and of course the number of scam projects are invading the marketcap a bit, but not for longer time period.

[cheezcarls]

I honestly think that the entire cryptocurrency market isn't saturated at all. Shitcoins with no real use cases are the ones that are getting saturated. New shitcoins emerging with boring use cases like the others and not thinking outside of the box.

The crypto market is still far from getting saturated, because the demand for Bitcoin, Ethereum and other top coins or tokens out there are still high. As long they have high liquidity, trading volume and promising use cases, they're not going anywhere.

[Harlot]

A saturated market will only mean that it isn't producing anymore demand thus if someone or something new entered it won't maximize it's full potential which I don't think the crypto market counts as one. Why? Because the crypto market is still growing and is still being recognized by a lot of people, the mass adoption we are looking for has not happened yet. Aside from that we also need to consider the investor's point of view and that is  they aren't limited to one crypto, they can bur y how mamy they want depe ding on what they feel the right investment is.

[Harlot]

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I agree but a lot of people are waiting to see stable prices and good projects. When that happens we will see mass adoption.

Stable prices won't be happening in our market they aren't regulated in a way how stock markets work like the SEC or Brokers have a power to stop trading as well as do trading halts on particular stocks, in the crypto market there is no such thing one crypto can jump more than 100% and still continue from that point without any kind of interference from the authorities. Other than that prices would be unstable as long as we have whales and other influences waiting to move the price on their own will. Regarding "good projects" I don't think this will push some kind of mass adoption IMO as the crypto industry's progress will always depend on who's popular which is Bitcoin as well as how companies will try to utilize these crypto in their businesses.

[Kamilaz]

Honestly, all the new cryptos that was made just for quick cash, those can't be taken seriously. They'll fade away eventually.

[tbterryboy]

I guess over saturation is not really all that bad, as long as people know what they are dealing with.
People forget that you do not need to invest or buy every single new coin, it could be very insignificant in your life.

Definitely when there is a hype you hear about it, I have never invested a single cent into any defi project for example but I have heard about it so much, because its everywhere, but that's about it, just because you hear about them doesn't mean it should have an effect on you.

You could just ignore all the new stuff and keep focusing on the good old fashioned stuff and can make money from it. That way you would be still investing like there is just 50 coins in the market and not more, which would mean that you would continue your life like nothing new ever happens, I do that all the time.

[CLEO.one]

It's "saturated" as in there are a lot of new coins every day because of interest. Traders in crypto are not after +20%, but X100. They try to find new projects that have not mooned yet and that's why these new projects gain traction. You'd be perfectly fine with trading larger caps, but some won't even touch anything in the top 100. So untill there is interest there will be new projects. The question is will 10% srvive their first 2 years with any meaningfull development.

[Abiky]

Is it really that bad? I mean it kind of shows that there is a bit of attention and interest as well, that is awesome. I love to see a ton of crypto and I would love to see attention towards as well, as long as people show attention I am down with it, and saturation shows that there must be some money to make from it, which is why I believe it is quite important that we should embrace it instead of reject it.

Let's have 10k+ coins, lets have a million coins, as long as people show interest to some of them, it is fine with me. Obviously not all of them gets attention but time to time some of them actually gets so much attention that it directly breaks into the top 10 as well, which is what I love about new crypto, 999 of them becomes bull shit but 1 of them becomes super awesome.

That's certainly true, mate. No matter how many coins there are on the market, only those that are able to provide real use cases for the mainstream world will succeed in the long run. Most of them will die simply because of decaying interest from developers and everyday people alike. I think that the more coins on the market, the better the competition will be in the crypto/Blockchain industry. Developers from various projects could merge their ideas in order to make crypto land a better place. No matter which coin it is, new features that are tested by various developers are sometimes adopted by major cryptocurrencies like Bitcoin and Ethereum. Eventually, people will decide which coin remains actively traded on the market and which does not.

Nonetheless, a large number of coins could prove to be useful for traders on the market. For the average investor, prominent cryptocurrencies like Bitcoin and Ethereum may be all they need for their capital to last a lifetime. I wouldn't be surprised to see many more coins in the future, leading towards the prosperous growth of crypto/Blockchain tech in general. Just my opinion