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Author Topic: Time that there will be no new altcoin projects anymore  (Read 935 times)
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October 20, 2020, 11:13:45 AM
 #61

The main fact is crypto industry is increasing day by day the numbers of people who are involving in crypto are increasing rapidly so on this basis I don't think the arrival of new projects will stop ever new altcoins will keep coming in some will survive, some will gone that's the nature is going to be of crypto industry according to my estimate.

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October 20, 2020, 11:29:57 AM
 #62

It is possible that there would come a time altcoin projects comes to an end, maybe that time blockchain is no longer in operate. As many altcoins introduced day by day, it is possible to wnd someday and only top coins left to be choose by investors, but this is only my perception, I don't say this will happen.

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October 20, 2020, 11:43:43 AM
 #63

It is possible. Maybe in the near future there will be one currency used for everything. A powerful currency that will suffice the need of everyone.

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October 20, 2020, 11:45:48 AM
 #64

It is possible. Maybe in the near future there will be one currency used for everything. A powerful currency that will suffice the need of everyone.

I think you are taking about something that maybe used for medium of exchange but there will be altcoin which create tokens what will be utility tokens. So I don't think this is likely to happen.

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October 20, 2020, 11:53:15 AM
 #65

Generate different tokens from the real project. We can generate tokens on instructions on the internet.
The tokens I know of are mostly spam projects, and they are more like a placeholder token than a valuable utility token.
Creating a project on the blockchain doesn't necessarily create a token. Looking at Moonswap, they create DEX and there is no token representing the project.





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October 20, 2020, 03:18:13 PM
 #66

It is possible. Maybe in the near future there will be one currency used for everything. A powerful currency that will suffice the need of everyone.

Everything must have an alternative, otherwise there will be no further development of the market. The same applies to the cryptocurrency market. As long as there is bitcoin, there will be numerous attempts to create a new altcoin that will surpass BTC in the market.





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October 20, 2020, 03:50:12 PM
 #67

What do you mean that there will come a time when no new altcoin projects will be created. Of course many projects has been created and many more will be created in the future, there is no doubt about it. You will know that when there is a demand for cryptocurrency then there will be lots of new altcoins that will be created and many many tokens of the alts will be created as well. There is no stopping that will happen. Just have to be prepared always for anything that will happen to your investments.



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October 20, 2020, 03:54:01 PM
 #68

If there are no new altcoins it is likely that there will be no new tokens in all global markets, whereas exchanges need new altcoins to register their tokens or coins to the exchange, to get income from the Altcoin registrations, then if there are no more new altcoins then the income which is achieved by large exchanges, is no longer there because there is nothing to expect, from new altcoins, because as I know all altcoins and coins have to pay to the exchange in order to have the convenience of being listed on the exchange, if there is an error please correct it. ..
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October 20, 2020, 04:07:15 PM
 #69

Since the creation of Ethereum and other smart contract-based and token creation platforms we have seen the number of newly launched projects token created, we now have thousands of dead tokens and coins but many are still create it seems many tokens just come and go.

Do you think we will have a time that there will be no new tokens created and people will stop investing and supporting new tokens or coins?
Nah, not really. I have seen projects that copy what has been tried by another project in the past, but they will still be getting investors that are buying their tokens with lots of money. I see a lot of them try the same thing and maybe at the end they will die off or become kind of irrelevant (if I can use that word lol).

But, all these things still happen and investors are still ready to invest in projects that are repeating it. So nothing is going to change about this. In DeFi, just look at SushiSwap and UniSwap, I don’t see any difference between these two, they are so similar but they are still getting investors, and none of those investors said they are not going to invest in SushiSwap because it’s like Uniswap, nah.
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October 20, 2020, 04:31:07 PM
 #70

Most existing projects are implementations of an idea that utilize blockchain technology to achieve the goal of the idea. Will you still use blockchain technology to achieve new ideas? As long as bitcoins exist, why not?
So I assume that even though many altcoins have died because of the failure of their projects, there will still be new projects that take advantage of blockchain technology. Because I believe bitcoin will continue to exist in the future.

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October 20, 2020, 04:41:13 PM
 #71

It's kinda hard to say that since the more crypto is receiving recognition and attention, there will always be new projects or coins that will emerge in the market. It's similar to businesses, if there is an in-demand product, businesses will continue to appear to provide those demand. Although we all know that not all coins get the same recognition, not all projects succeed, new coins will still be there. And the reason why they still keep emerging even if there are already thousands of other coins is that they try to provide something that those old coins don't have.
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October 20, 2020, 04:42:33 PM
 #72

New tokens will remain because there will be many new people and old people who are in crypto will continue to innovate. I hope it will always be there and they move up the grade into a really good project. If there are no new projects, the forum will be quiet because there will be no more airdrops and bounties to work on
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October 20, 2020, 05:06:29 PM
 #73

Since the creation of Ethereum and other smart contract-based and token creation platforms we have seen the number of newly launched projects token created, we now have thousands of dead tokens and coins but many are still create it seems many tokens just come and go.

Do you think we will have a time that there will be no new tokens created and people will stop investing and supporting new tokens or coins?
I often think about this, because blockchain implementation for a new system can be done without creating a token. I think the market will be more selective in choosing altcoins because more and more tokens die. I also think why the developer should make a token to help their project other than a reason to get investors. because if it continues like this, then I'm sure investors will experience more and more losses and leave the crypto industry.
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October 20, 2020, 05:10:03 PM
 #74

Since the creation of Ethereum and other smart contract-based and token creation platforms we have seen the number of newly launched projects token created, we now have thousands of dead tokens and coins but many are still create it seems many tokens just come and go.

Do you think we will have a time that there will be no new tokens created and people will stop investing and supporting new tokens or coins?
Perhaps, I will assume that to answer your question, it is worth remembering that the market is at the heart of the mechanism of trade relations for buying/selling cryptocurrency. A normal market requires healthy competition, traders, and their product. Based on this, it is clear that the market will continue (for a long time - for sure) to be saturated with tokens and coins, some of them may turn out to be top-end, and the rest will remain only in the form of the name of the coin (token) and their amounts in traders.






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October 20, 2020, 05:22:06 PM
 #75

<snip>
Do you think we will have a time that there will be no new tokens created and people will stop investing and supporting new tokens or coins?
No. I don't think time will come where there are no new tokens/altcoin projects.
It seems to be endless, dedicated developers and company owners will tirelessly work for the project if they think that it will be good.
More scam projects will still emerge, and they are also working tirelessly for they to be able to steal from their investors.

However, I think, if there will be sometime that there will just few or even 1 cryptocurrency to be used, then that will be the time where no new scam projects that will be made.

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October 20, 2020, 05:31:24 PM
 #76

I think the market it's already chosen the good coins, thousands of useless projects are dying, only legit and good projects will remain and have success in the future.
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October 20, 2020, 05:43:46 PM
 #77

I think the market it's already chosen the good coins, thousands of useless projects are dying, only legit and good projects will remain and have success in the future.

the market has no rights to decide but its the people that invest , if they got scammed they will report it if not they will commend it so that the project will stay  . its good if bad projects die just like that but no it isnt because theres people that will lost thier money first   . if more legit projects will remain , what can happen to this market ? this will be bloated but there must be a time where they will stop creating projects anymore because the market already reached its limit  .  if this happen , no one will ever got scammed and existing projects will all have a chance to grow more  bigger .

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October 20, 2020, 05:53:07 PM
 #78

Do you think we will have a time that there will be no new tokens created and people will stop investing and supporting new tokens or coins?

There will be only more and more tokens and coins. Those that believe that all coins will die except one are dearly wrong. If we have 10000 coins now we will have 100000 next year and million few years from now.


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October 20, 2020, 06:08:40 PM
 #79

If there are no new altcoins it is likely that there will be no new tokens in all global markets, whereas exchanges need new altcoins to register their tokens or coins to the exchange, to get income from the Altcoin registrations, then if there are no more new altcoins then the income which is achieved by large exchanges, is no longer there because there is nothing to expect, from new altcoins, because as I know all altcoins and coins have to pay to the exchange in order to have the convenience of being listed on the exchange, if there is an error please correct it. ..

Good point, the reason why exchange loves to see new project around as they are really being compensated by those developers once the team decided to enlist their project inside the exchange, it's an easy money for exchange owners as the team pay them quite decent to very huge amount of money.

It's different  from the types of exchange, big one gets bigger fees and yet they received more money when trading starts as trading fees feed them up.

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October 20, 2020, 08:00:21 PM
 #80

Do you think we will have a time that there will be no new tokens created and people will stop investing and supporting new tokens or coins?
The crypto market is broad and also welcoming to any new projects so the chance that there will be no more any new projects is slim but what I believe will happen in the future is investors not supporting projects with no new innovations, concept and good utility.
With that been said, crypto traders and investors need to improve their knowledge so they won't be another victim of fail project.
What makes me confused at the moment is that many new projects use concepts or ideas from existing platforms. for example, you can see how a lot of new exchange platform projects that are trying to compete with platforms that have been on the market for a long time. not just exchange platforms, gambling platforms, games, and many more with the same ideas and concepts. I think it will go on for a long time, and continue like this.
First theres a typo in my previous message but the only people that make this emulating projects exist are the unexperienced crypto investors and traders but sooner or later things will change when they understand that those project will later vaporized then some investors will choose not to support projects that offers the same old concepts.

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