What are these ridiculous new coins showing up in top 50 coins on Coinmarketcap?

[jerry0]

Almost everyday, what I notice is coins i never heard of suddenly in the top 50 coins on coinmarketcap.  Some of them are even top ten now... like polkadot.  Where in the world do these coins come from and why do they just suddenly show up like this?


Example, avalanche, cosmos, aave, uniswap, compound, synthetix.  Where are these coins even coming from?

[Stanlo]

Ridiculous? A project can't be ridiculous and still make to top 50 on coinmarketcap, any projects that are in top 100 ranks are worth checking out, just do your own research first before judging, many new projects of today are popular for retaining ranks like 1000+, it's hard to see new projects going up on ranks, the best project i know is Polkadot, Chainlink and Avalanche

[Shallow]

Do you know what it takes for a project to be in top 100 on coinmarketcap, maintain it till they crosses top 50? It takes lots of hard work from the team , a whole lot of use case which are working and have the ability to attract more investors, this then contributes to it maintaining a good rank on coinmarketcap. About the projects you tagged or called ridiculous, I don't seems to agree with you; Polkadot is not a ridiculous project, when you take time to study the project, you will realize what the team is working on and how Innovative it is, what they offered has attracted a lot of projects to their platform which of course took it to top 10 on coinmarketcap. This case with Polkadot is the same case scenario with others like Compound, Uniswap, Aave and so on.