Too much of new crypto projects?

[alpamar99]

things like this can't be stopped, especially if you see that many projects are in the smart chain and matic and solana chains because they have very cheap gas so anyone can make projects easily.
scary? Of course, it's actually not too scary because it's not even a random project, of course, and we can choose and determine which projects are good.
many projects that come does not mean we have to follow the project is not it. So, what's there to be afraid of

[Mpamaegbu]

Its been a very long time that I've been using coinmarketcap.com/new to find new crypto projects that just get listed on the platform and I've come to notice that every two to three days coinmarketcap always list up to 30 new crypto projects, how insane is that? It shows that more than 100 crypto projects are released every week cos some landed on coingecko first before coinmarketcap, this to me is scary

Your observation is right. However, I think the more the merrier logic applies here. The major thing is just for investors to be meticulous in their picks. It's never a crime for one to DYOR before parting with one's hard earned money. When I came into this industry in 2017, there were around 750 cryptos on the market from data on CMC. But today, we know what the figure is like. I believe to a great extent that the preponderance of cryptos launching on the market is because of the absence of regulation in this industry. Maybe once there's regulation, the rush to push cryptos to the market won't be there any more.

[Distinctin]

Its been a very long time that I've been using coinmarketcap.com/new to find new crypto projects that just get listed on the platform and I've come to notice that every two to three days coinmarketcap always list up to 30 new crypto projects, how insane is that? It shows that more than 100 crypto projects are released every week cos some landed on coingecko first before coinmarketcap, this to me is scary

Don't be surprised with that as the crypto market is not yet regulated, many more projects will be released and few of them really have the goal to succeed. With that reality, we have to be more careful in choosing our investment to ensure that our money will not fall into the hands of scammers.

They said that new projects have bigger potential, but we also have to understand that new projects have bigger risks as well, it's all about the risk and reward ratio, therefore you need to learn how to manage the risk.

[Sled]

Its been a very long time that I've been using coinmarketcap.com/new to find new crypto projects that just get listed on the platform and I've come to notice that every two to three days coinmarketcap always list up to 30 new crypto projects, how insane is that? It shows that more than 100 crypto projects are released every week cos some landed on coingecko first before coinmarketcap, this to me is scary

Don't be surprised with that as the crypto market is not yet regulated, many more projects will be released and few of them really have the goal to succeed. With that reality, we have to be more careful in choosing our investment to ensure that our money will not fall into the hands of scammers.

They said that new projects have bigger potential, but we also have to understand that new projects have bigger risks as well, it's all about the risk and reward ratio, therefore you need to learn how to manage the risk.

yeah, but I'm just worried about the impact on the trust of the people towards crypto when we have these tons of useless projects. I really don't think this could even make the market so great and known to everyone but it might be the reason why they will ignore and get afraid to take risks.

The spread and massive increase of crypto have gone so wild, 30 projects a day is somewhat understandable that it gonna be impossible all of them are worthy of investing but likely most of them are failures.

[Drnice]

There is no need of being scared or something, it's only to make the right choice when placing investment. Personal findings and research will help to know which Project will standout amongst many. The essences of open source is for innovative minds to come into the system and do something, bring in new ideas, and a drive that will make a change or add to what's already on ground. As new projects are flooding the market, so are the ones that can't survive the market competition dying off. As at 2017, the crypto market and it's ecosystem has not been this heavily flooded with population and it's popularity was just like the sun rise, then imagine it when the sun sets. That's some bit we are experiencing now.

[Luqman]

It shows that more than 100 crypto projects are released every week cos some landed on coingecko first before coinmarketcap, this to me is scary

As long as you don't put your money into those new projects, you don't need to be scary. Many new crypto projects aren't the bad sign for crypto industry, it indicates that many people are involved in crypto business. I even feel happy to see many new crypto projects although I am not interested to buy the new altcoins. With many new crypto projects, the competition among crypto platforms will be tighter. This can motivate the owners of all crypto projects to do their best if their projects want to survive a long time.

[Yamifoud]

There is no need of being scared or something, it's only to make the right choice when placing investment. Personal findings and research will help to know which Project will standout amongst many. The essences of open source is for innovative minds to come into the system and do something, bring in new ideas, and a drive that will make a change or add to what's already on ground. As new projects are flooding the market, so are the ones that can't survive the market competition dying off. As at 2017, the crypto market and it's ecosystem has not been this heavily flooded with population and it's popularity was just like the sun rise, then imagine it when the sun sets. That's some bit we are experiencing now.

DYOR is the only tool that could help and save us from not getting into the wrong investment. With these huge numbers of crypto created almost every day, I wasn't in big surprise that one day these projects will be gone. And it can possibly multi-fooled for the coming years but guess what, only a few were meant to succeed while the majority as a scam and will fail.
This must have to be taken seriously and we don't have to invest in projects if we are not sure about them.

[goinmerry]

Its been a very long time that I've been using coinmarketcap.com/new to find new crypto projects that just get listed on the platform and I've come to notice that every two to three days coinmarketcap always list up to 30 new crypto projects, how insane is that? It shows that more than 100 crypto projects are released every week cos some landed on coingecko first before coinmarketcap, this to me is scary

At some point, it might drag some newbies but I'm sure newbies are not totally noob to just invest in something without proper research or asking questions. We should be used on those sites listing new projects as in the first place, they are really crypto projects. What we are not sure if these projects are serious and dedicated to work for real.

Keeping in touch with them thru their discussion channels is a good place to start off and see what others thinks of that said project.

[adzino]

Its been a very long time that I've been using coinmarketcap.com/new to find new crypto projects that just get listed on the platform and I've come to notice that every two to three days coinmarketcap always list up to 30 new crypto projects, how insane is that? It shows that more than 100 crypto projects are released every week cos some landed on coingecko first before coinmarketcap, this to me is scary

Scary for what? It is an open market. Anyone can join. See how many of those 100s of crypto projects survive. Almost none. Most of them are just useless projects that are clone of another or has no real use case or utility. Like 99% of those projects gets abandoned after few months or even few days and they end up dying. You just have to do proper research before investing in any of those projects. You will know its a shit token as soon as you read about it. So make sure you read the white paper, google some stuffs and try to learn about them before you invest.

[StarKay]

You said you are scared because you found out that more than 100 crypto projects are released every week, but you haven't told us why the situation is scary? My guess is you felt that many would be scam projects or failed projects.
But you need to ask yourself how many businesses are started everyday in the real world and what percentage of them succeed. All one can do is to be careful while investing into any of this new projects no matter your level of certainty by investing only the amount one can afford to lose.

[lienfaye]

Its been a very long time that I've been using coinmarketcap.com/new to find new crypto projects that just get listed on the platform and I've come to notice that every two to three days coinmarketcap always list up to 30 new crypto projects, how insane is that? It shows that more than 100 crypto projects are released every week cos some landed on coingecko first before coinmarketcap, this to me is scary

Thats not something new, its been happening even before, the time when ICO's are still popular. Many projects are getting listed on CMC and CG, thus be used to it because I dont see this situation to change anytime soon. Anyway why you think its scary? Well as long as you're not the kind of investor that can be easily fool then dont bother. We still have an option on what projects to support based on our knowledge and understanding.

[DU18]

You said you are scared because you found out that more than 100 crypto projects are released every week, but you haven't told us why the situation is scary? My guess is you felt that many would be scam projects or failed projects.
But you need to ask yourself how many businesses are started everyday in the real world and what percentage of them succeed. All one can do is to be careful while investing into any of this new projects no matter your level of certainty by investing only the amount one can afford to lose.

I think the OP has experienced losing money in a fraudulent project, so when he sees a lot of crypto projects currently emerging, it ends up traumatizing him and feeling scared ,  even though if we look at every day there are many new ideas from developers in developing their projects, and even every appearance of new hype in cryptocurrency will be followed by the emergence of new projects based on the hype that is happening like defi and also the current metaverse.

[Quantum907]

I think this is a serious problem, an uncontrolled amount of coins or tokens will make cryptocurrencies like jokes, I hope there is a strict audit and selection so that it is not easy to make coins because it has become a scam project.

[Pahom]

99% of projects that appear this way will fail. It is so hard to say for sure which 1% will be successful and I don't like that there are so many projects, investors are tired of them all and they are confused by such a big number of projects. Personally I check this page https://dropsearn.com/ so as to monitor new projects and participate in airdrops or presales.

[Rocky993]

In the beginning, most of the small and big coins and tokens that were coming in the market through ICO project were getting scammed.  Because of this the market was affected and the money of all the investors who were investing in those coins was sinking.  Now due to the projects that are supported by the IEO platform and other big projects, other upcoming scam projects cannot have a serious impact on the market.  Currently trying to run market bulls with NFT based and new MEtaverse dependent project.

[gamer4156]

That is the reason assuming you at any point end up seeing an undertaking that has no data by any stretch of the imagination, it just implies that the coinmarketcap has eliminated them and fundamentally they're as of now not worth the effort to be there. Particularly that the majority of these aren't extraordinary to what's now there.. this ought to be deterred on the off chance that we need existing ventures to develop to what in particular has been anticipated.

[kendedese]

So what's scary? after being listed on Coinmarketcap not all of these projects will last long on Coinmarketcap.
I often find new projects listed on Coinmarketcap being removed from the list because they are no longer eligible to be listed on CoinMarketCap. to be listed on coinmarketcap the new project must meet several requirements and those conditions are not easy to fulfill.

[Fivestar4everMVP]

Its been a very long time that I've been using coinmarketcap.com/new to find new crypto projects that just get listed on the platform and I've come to notice that every two to three days coinmarketcap always list up to 30 new crypto projects, how insane is that? It shows that more than 100 crypto projects are released every week cos some landed on coingecko first before coinmarketcap, this to me is scary

I also noticed this of recent, but am not suprised though, it is what it is mate, it is the same in the outside world not just in crypto, alot of businesses are created every day and alot also die everyday, so it is no different in crypto, alot of projects are being launched every day and alot also hit the rock every day, also remember that crypto is currently not regulated, so for now, every one, including me and you, have the opportunity to create a project if one so will, but getting a community and investors is where the task is.

[Cling18]

It has been happening for a very long time and I think it's something that we shouldn't bother about because we can't control the existence of new projects who are also aiming to be on top just like successful coins. Lots of people behind those new projects are just aiming for success so we should accept and deal with the newly listed coins because that's part of crypto cycle.

[Teknisi88]

Its been a very long time that I've been using coinmarketcap.com/new to find new crypto projects that just get listed on the platform and I've come to notice that every two to three days coinmarketcap always list up to 30 new crypto projects, how insane is that? It shows that more than 100 crypto projects are released every week cos some landed on coingecko first before coinmarketcap, this to me is scary

It seems to be a sign that crypto projects have progressed, and there is nothing to be afraid of with the arrival of new crypto projects. It's just that in the midst of the crypto euphoria, potential investors must still think strategically before jumping into crypto investments. The important thing that potential investors need to do is prioritize income first for the allocation of insurance and emergency funds.
Then potential investors must also set their investment goals. This step is necessary so that potential investors can accurately estimate the amount of expected return as needed.