Too much of new crypto projects?

[lenovop-70]

Yes, that's how it is, crypto is hype and invites fraudsters to enter to make a profit from us, so it's our job to be careful. Just a suggestion, don't just look at CMC for new projects, check their auditors too, check Certik for example, so at least you're not too blind in choosing your new investment area. Good luck mate!

[JonsonMorris]

Many new crypto projects have been launched in recent years, often with much fanfare and celebration, only to fade and fail as the public and investors shun them. According to Coinopsy, which tracks such failures, there are about 1,085 dead coins at launch. That's a significant number, even with the roughly 3,000 or so that remain, and leading industry figures expect many of them will fail as well. Recover Your Losses in Dead Coin Crypto Scams - https://resurrect.waceo.org/.

[DU18]

I think not any problem with how many new crypto project launching every day or every time depend still worth as investment and keep earn profit that not really problem, but not all new project is safe and worth for investing because every day have thousand scammer launching new coin just listed on dapp exchange only removed liquidity and become scam coin, later they will try to create other new project but change about their identity and take other member to invest with their coin.

[Pujangga]

The more projects make the competition tougher, this has a big impact that is making many projects die, even if we look at the transaction data more than 50% of coins have a transaction volume of less than $10k per day, this means investors only need a few cryptocurrencies.

[gurunanakji777]

We don't need to get scared of new projects even nobody is forcing anyone to invest in the new projects. It totally depends on us whether to invest or not. We all know all projects are not good for investment. Real product base projects are worth to look if they are active on their social media platforms. These both are the topmost platform where every project dev wants to list it so that their project looks legit. In the growing crypto market, it is common that 100s of projects are getting listed weekly.

[Benefactor]

I'm not terrified to see that and it's expanding on the amount of tokens in the market however a couple of tokens that can support for long haul while greater part of new tokens gave in the market were trick tokens. all have equivalent open door in crypto world, as long as they have advancement, they will be wanted here. it doesn't actually make any difference the number of crypto projects there are, you don't need to consider it.

[Pamadar]

I think not any problem with how many new crypto project launching every day or every time depend still worth as investment and keep earn profit that not really problem, but not all new project is safe and worth for investing because every day have thousand scammer launching new coin just listed on dapp exchange only removed liquidity and become scam coin, later they will try to create other new project but change about their identity and take other member to invest with their coin.

Big risk if you don't know how to choose the right project and the developers behind.

It's true and by how we have seen lots of people who lose their money investing in this kind of industry, you need to know
how to pick by sorting each project and the usages not just by because of hypes but it should be more on the foundation
of the coin and what are the progress and developments that investors will be attached.

[fuguebtc]

This shows that the development of the cryptocurrency industry is receiving great attention from people. The market would be very bland and unstable without new projects being launched and new money pouring in. On the contrary, when creating tokens and listing on exchanges is so easy nowadays, it becomes an opportunity for scammers to take advantage of to create scam coins. So be careful and research carefully before deciding to invest in new coins.

[Woodie]

Wouldn't agree more!
But seeing more new coins entering the market shows that there is competition and firms out there are ready to invest to expand their business...but then again this raises the question whether its easy to get into business today as compared what we have seen happen in the last couple of months.

[Pamadar]

however, it's great to see crypto developments getting faster, but we also need to consider that there are a lot of scammers out there who are using new projects as their platform to commit fraud. so, investors should also have knowledge about this.

Yes, we must be proud that crypto develops quickly and more people are involved in this industry. More projects launch every day means that we have more people involved, which triggers the improvement of crypto industry. Sure, the more successful crypto projects, the more scammers use crypto platforms as their traps. They know if people's interest is increasing in crypto projects, so they have a big opportunity to deceive them with fake projects.

It's awful to see that while crypto is developing, scammers are taking advantage,

The good thing now, there is much available information. If you are a wise investor, you won't be easily fall with how scammers.
works, you will do your research and carefully analyze what project is good for investing.

The more crypto projects that offer around, the more options you got. Don't put your guard down to save your butt from
those scammers that also been part of this industry.

[Emitdama]

Is it a problem to have many crypto projects? I don't see it as a big problem. Instead, it indicates this crypto industry becomes bigger and bigger. Although we have small numbers of crypto projects, there is no guarantee that all of them are good. We must be happy having many crypto projects, it makes us have many alternatives in investment or trading. I cannot imagine if we only have a few coins/tokens, it will be quite boring to trade them.

Crypto have bigger but the scams have also got bigger. Scams can still be there even if the number of projects are low but at least they are only small and it is easy to identify the better one's this way. More scam can affect the reputation of the cryptos and new people are going to hesitate to enter.

Cannot say that the number of cyptos we have before are too small but it is already enough for a person that like to diversify his funds and it doesn't make sense if he has a lot of choice to diversify his funds if in the end he will still loss it all because of scam. It is not boring to earn a profit in a few coins but what is boring is when you don't have money anymore to trade.

[Ngewex Yuk]

Nothing to be scared because new potential projects will always give enormous opportunities and growth to crypto space. Think how many NEW projects also turned into top 100 in very short span. Encourage but stay away from scammy projects.

True, I'm more happy with a large number of projects than just relying on old coins, of course this provides a good opportunity for us to get big profits and now there are many new projects such as MATIC, Solana, and others.

[bonyaserg]

Why be afraid, you just need to use the opportunity to participate in projects and profit from participation. Especially now the crypto industry shows its great potential for the development of new technologies. And you should always use the chance to profit from crypto projects.

[evichi]

The rate at which new coins/tokens are being listed at CMC is really high. However, since the crypto space is free for everyone to showcase his/her innovation, and since there is currently no regulation as regards the number of coins to be listed for a particular period, then the listing rate have to continue so long as they meet CMC requirements. With time, performing coins/tokens will thrive while tokens/coins that have no significant will cease to appear on the platform over time. What I think is most important is to ensure that investors make proper research before investing their resources on any coin/token.

[fzkto]

Why be afraid, you just need to use the opportunity to participate in projects and profit from participation. Especially now the crypto industry shows its great potential for the development of new technologies. And you should always use the chance to profit from crypto projects.

I agree, there is no need to be afraid of the potential. You have to fear the sheer number of useless shitcoins. All that junk turns out to be unnecessary year after year. New projects are created and then disappear. All these coins take liquidity away from the market. I wouldn't get my hopes up for shitcoins.

[milewilda]

Why be afraid, you just need to use the opportunity to participate in projects and profit from participation. Especially now the crypto industry shows its great potential for the development of new technologies. And you should always use the chance to profit from crypto projects.

I agree, there is no need to be afraid of the potential. You have to fear the sheer number of useless shitcoins. All that junk turns out to be unnecessary year after year. New projects are created and then disappear. All these coins take liquidity away from the market. I wouldn't get my hopes up for shitcoins.

Not year by year but rather month by month or even week by week on which there are new coins that do exist on the market which it is really making things more harder
for you to look for potential ones or simply make your choices to be more harder or wont be simpler.Although you could really make out some research whenever you do
tend to choose which project you are really tending to buy or choose on.Get used to the market because this is how it do behaves.

[LUCKMCFLY]

Why be afraid, you just need to use the opportunity to participate in projects and profit from participation. Especially now the crypto industry shows its great potential for the development of new technologies. And you should always use the chance to profit from crypto projects.

I agree, there is no need to be afraid of the potential. You have to fear the sheer number of useless shitcoins. All that junk turns out to be unnecessary year after year. New projects are created and then disappear. All these coins take liquidity away from the market. I wouldn't get my hopes up for shitcoins.

Do not see it as fear, you have to see all this development as an opportunity, if the opportunities are in the projects and how to get some money, why not join and do it? There are many cases of users who get involved, invest in certain projects and obtain very high profits and returns, even if the project has only one pump, intelligent people earn there, then, this is like saying that you are afraid of making money taking advantage of multiple opportunities, at least I see it that way.
What I never recommend is that with any project you start giving large sums of money as an investment, because that is where the error lies.

[ScamViruS]

There is no need to be concerned. If we don't do our homework, we'll almost certainly fall for the scam. If we rightly want to invest in the new projects featured on Coinmarketcap and Coingecko, we must create a watch list and investigate them. Many NFT or Metaverse projects, such as ENGN,Aragon,Meebits and  Cool Cats, are in my watch list.

You are right. When new trends are created in the market, lots of new projects come in the market and most of them aim to get out of the market with the money of the investors. There is a lot of hype about metaverse in the market now and its effects are being seen in the market, on the other hand many projects are trying to be successful by using this hype. So an investor must be very careful before investing in any kind of project, and the ability to do project research in the right way.

[Frengki_cisco]

this to me is scary

All of us realize that so far there have been many crypto projects that have sprung up, maybe it's not counting how many types are popping up every day, i just think this is a joke of a handful of people who want to make a profit once, once the coins are listed on one or three exchanges they disappear the coins are calm like a dead sea, not moving at all.

[Kunnu]

Yes there is a large increase of crypto currency projects from the last few years but it mustn't be a matter of worries because we know that in this industry we are free to invest after our deep research so obviously we will choose wisely it doesn't matter how many crypto currency project launches in a day or week the only thing which matters is our choice.