Is alternative cryptocurrency meeting up to it expectations

[Tellek Garing]

One of the core values of the Ethereume blockchain is to provide an alternative to the scalability problems faced in the Bitcoin network and also to provide an alternative root to actualizing that.
But in recent time there have been some shortcoming from various projects who walk away with investors' fund and abounding the project, but taking into account some new development that has performed well in both NFTs and the matter verse bringing into virtual reality making the proof of stake chain advantage to the environment and so much of what have you. What future can we see from the alternative cryptocurrency industry?

[hd49728]

One of the core values of the Ethereume blockchain is to provide an alternative to the scalability problems faced in the Bitcoin network and also to provide an alternative root to actualizing that.

Ethereum fails to expand its scalability. Ethereum 2.0 has been delayed a few years. However the value of Ethereum is its environment for other projects to build on ERC-20 chain.

It is the first blockchain allows other projects to do so. Binance Smart Chain and other chains are followers of Ethereum ERC20. It is a pioneer in blockchain industry, Bitcoin is the first, Ethereum is the second.

But in recent time there have been some shortcoming from various projects who walk away with investors' fund and abounding the project, but taking into account some new development that has performed well in both NFTs and the matter verse bringing into virtual reality making the proof of stake chain advantage to the environment and so much of what have you. What future can we see from the alternative cryptocurrency industry?

NFT projects are only very parts of Ethereum ecosystem and of crypto ecosystem. They are not only part to contribute to success of Ethereum ecosystem. I don't think it is fair to say ERC20 is a chain for scam projects. You can find scam projects, scammers anywhere, from real estate, stock to crypto markets. Scammers often find where they can deploy their scam projects and steal money from naive victims.

Ethereum can not protect all investors in crypto market from scammers. Investors are responsible for their money and what projects they invest in. Even in scam projects, you can be a winner if you have good entry and exit price. Even in good projects, you can be a loser if you have bad entry and exit price.

[sunsilk]

What future can we see from the alternative cryptocurrency industry?

IMHO, there will be a big purge for the altcoins market. You see that ICOs have failed because of the scammers that it had made it as their den and the same goes for metaverse and NFTs.

It had became the place of scammers although there really are those legitimate projects that have been serious with their development. And once that purge happens, it will be the top altcoins shall remain but bitcoin will still be the king at the top of this entirety.

[TheUltraElite]

DeFi and NFT have not done anything new, just repackaged the same shitcoin into a new gift box and offered to the investors. Those who think otherwise are making a fool of themselves. Truly some handful of projects may actually do good but these are very few and most often only a dream.

Hence the future of altcoins remains the same - pump and dump while the creators make money and the investors keep losing money with every gamble of an investment.

The same drama happened all the way from ICO to NFT, clearly nothing has changed with the scammers running them nor the investors getting scammed.

[$anounimus$]

As you can see, alternative cryptocurrencies are more prevalent than ever. They serve many different purposes, so it shouldn't be surprising that they have attracted a wide variety of investors and users. And while alternative currencies have yet to go mainstream, they will likely continue gaining traction as time goes on. We'll see many exciting developments in the coming year as more and more projects focus on established and tested blockchains instead of building on untested code. There is still a lot we can learn from these new platforms, and I believe there will be a lot of great new alternative cryptocurrencies to watch out for in 2022.

[Kemarit]

I guess the future is already here, altcoin market is going to be a pump and dump market. Only those that are prime movers and have a solid use case could survived the market.

As for ETH, it has evolved as well, just like it's counterpart, BTC. Although is supposed to be an alternative, now it's moving away as it is being developed to cater what the current market situations needs. So it's going to be cyclical, ICO->NFT->Defi->Staking and what's not.

[justdimin]

I guess the future is already here, altcoin market is going to be a pump and dump market. Only those that are prime movers and have a solid use case could survived the market.

As for ETH, it has evolved as well, just like it's counterpart, BTC. Although is supposed to be an alternative, now it's moving away as it is being developed to cater what the current market situations needs. So it's going to be cyclical, ICO->NFT->Defi->Staking and what's not.

I do not really believe that pump and dump is that much of a big deal in the short term. Sure we have crashes and increases all the time and that makes it a bit harder to focus on the task at hand, but that is still doable thing for all of us.

I personally would love to see the current situation a bit better, and that means we are going to end up with a situation where it is not going to be pump and dump, but more like bear and bull in cycles and those are different things. When it's pump and dump, that is like daily thing, but when it is bear and bull it is like months in between those things before it happens, so that is why I see it as bear and bull and not pump and dump.

[X-ray]

What future can we see from the alternative cryptocurrency industry?

Nothing can be seen right now. It's totally pegged with the bitcoin. Various development already done by the altcoin developers but yeah these didn't give impact to the price. bitcoin is controlling the market trend. The future of altcoins are following what will be doing by bitcoin.
If bitcoin goes bullish and the future will be very bright for altcoin but when bitcoin became bearish and altcoin will be done for some time.

[Tellek Garing]

What future can we see from the alternative cryptocurrency industry?

Nothing can be seen right now. It's totally pegged with the bitcoin. Various development already done by the altcoin developers but yeah these didn't give an impact on the price. bitcoin is controlling the market trend. The future of altcoins is following what will be done by bitcoin.
If bitcoin goes bullish and the future will be very bright for altcoin but when bitcoin became bearish and altcoin will be done for some time.

There have been several projects developed and to a great extent non have seems to meet up with the current demands of the industry such as security of funds, with most of them losing everything to scammers and hackers who will destroy their projects leaving out investors with loses.

But then Bitcoin seems to be the most secure investment in the cryptocurrency industry today and investing in altcoins is a highly risky move.

[Yogee]

One of the core values of the Ethereume blockchain is to provide an alternative to the scalability problems faced in the Bitcoin network and also to provide an alternative root to actualizing that.

It's the largest altcoin with the biggest team but they failed so that kinda make every other project bound to fail too. The fact that they keep changing or delaying their roadmap means they didn't meet expectations.

But in recent time there have been some shortcoming from various projects who walk away with investors' fund and abounding the project,

It's not recent. This has been happening for years. 99% probably tokens.

[vv181]

It's the largest altcoin with the biggest team but they failed so that kinda make every other project bound to fail too. The fact that they keep changing or delaying their roadmap means they didn't meet expectations.

Other cryptocurrencies may offer something new, but one thing for sure is the token that exists within that network might deem fail.

One of the core values of the Ethereume blockchain is to provide an alternative to the scalability problems faced in the Bitcoin network and also to provide an alternative root to actualizing that.

They've promised it but failed to achieve it. So, there is no actualization.

What future can we see from the alternative cryptocurrency industry?

Another scam/shitcoin/copycat cryptocurrency or token will surely keep coming. But as a whole and while most of the projects keep being matured, there is a need that some project truly serves their own community, I mean if we look at the current issue, there is a lack of "decentralization" within Defi or DEX.

[Delightcrypto1]

It's true that there are a lot of scam project in the recent phase of cryptocurrency and investors are falling by it on daily bases, the best things here is for all investors to study or duly investigate the project before venturing into such project Because those scam project directors always have strategy of meandering their way through by first settling any necessary fees that may enable their project to be featured even without any liquidity or even at time with liquidity and the project will just run for some month and before you know it it's scrambled. Investors have a lot of work to do also to avoid the problem of unnecessary losses.

[Delightcrypto1]

One of the core values of the Ethereume blockchain is to provide an alternative to the scalability problems faced in the Bitcoin network and also to provide an alternative root to actualizing that.

Can't there be away of fishing out all scam project using bitcointalk gateway. What I mean can there be away of minimising this through the medium of bitcointalk.org because I see that most new project surely must organized bounty project for them to be known. I think the mod should look into that for this whole scam of a thing is becoming too rampant and discouraging new investors from the Crypto line.
Ethereum fails to expand its scalability. Ethereum 2.0 has been delayed a few years. However the value of Ethereum is its environment for other projects to build on ERC-20 chain.

It is the first blockchain allows other projects to do so. Binance Smart Chain and other chains are followers of Ethereum ERC20. It is a pioneer in blockchain industry, Bitcoin is the first, Ethereum is the second.

But in recent time there have been some shortcoming from various projects who walk away with investors' fund and abounding the project, but taking into account some new development that has performed well in both NFTs and the matter verse bringing into virtual reality making the proof of stake chain advantage to the environment and so much of what have you. What future can we see from the alternative cryptocurrency industry?

NFT projects are only very parts of Ethereum ecosystem and of crypto ecosystem. They are not only part to contribute to success of Ethereum ecosystem. I don't think it is fair to say ERC20 is a chain for scam projects. You can find scam projects, scammers anywhere, from real estate, stock to crypto markets. Scammers often find where they can deploy their scam projects and steal money from naive victims.

Ethereum can not protect all investors in crypto market from scammers. Investors are responsible for their money and what projects they invest in. Even in scam projects, you can be a winner if you have good entry and exit price. Even in good projects, you can be a loser if you have bad entry and exit price.

[Ulven]

Bitcoin's price movement will affect the altcoin market in a different way. If bitcoin is going to be bullish, then the future of altcoins will also be more positive. If it's bearish, then altcoins will suffer losses too.

[CuriousGeorge]

The future actually depend on the bitcoin. This is why i called crypto was not healthy as everything peg with the bitcoin unlike the real stock and the performance of company is determining everything and people analyzed the financial report of the company.
Crypto has no thing like that and all pure based on the speculation and so the future of altcoin will remain bearish if bitcoin was still bearish. Altcoins will be going to the bullish when bitcoin was bullish.

[cryptomaniac_xxx]

The future actually depend on the bitcoin. This is why i called crypto was not healthy as everything peg with the bitcoin unlike the real stock and the performance of company is determining everything and people analyzed the financial report of the company.

I guess it's wrong mindset in the beginning, two different world as far as investments goes. And even if altcoin depends on bitcoin, still this is a free market, anyone just make money out of it.

Crypto has no thing like that and all pure based on the speculation and so the future of altcoin will remain bearish if bitcoin was still bearish. Altcoins will be going to the bullish when bitcoin was bullish.

Of course, everything is based on speculation, even in stocks, there are a lot of speculators. But in crypto, it's evident that you can treat volatility as your friend and for those who are very experienced in the game, they can even make a lot of money based on this volatility.

[Tellek Garing]

Bitcoin's price movement will affect the altcoin market differently. If bitcoin is going to be bullish, then the future of altcoins will also be more positive. If it's bearish, then altcoins will suffer losses too.

Yes off course Bitcoin control the entire market cryptocurrency market is a chain and most times Bitcoin market control the altcoin market but not in all cases, some coins perform independently from Bitcoin, and most time the coin dictates the direction of the price goes not Bitcoin.

But such coins are rarely in the market just a few of them and most time their low-volume altcoin, I guess if the market pick from the present conditions the entire market will follow Bitcoin recovery.

[adzino]

-snip-
But in recent time there have been some shortcoming from various projects who walk away with investors' fund and abounding the project, but taking into account some new development that has performed well in both NFTs and the matter verse bringing into virtual reality making the proof of stake chain advantage to the environment and so much of what have you. What future can we see from the alternative cryptocurrency industry?

You mean some shitty altcoins/project that ends up scamming people who invest in those project to get rich real quick despite other people warning them that it is a scam project? Most of the projects where the developers walk away with investors fund has a lot of red flags which some people points it out, but yet others keep on investing in those project with the hope of getting rich overnight. All they do is gamble and encourage more such scam projects.

All coins other than bitcoin are considered altcoins. Altcoins are here to stay. There are some good altcoins/projects that actually has some good potential to offer something new. As long as they keep on trying, it's all good as they will eventually succeed. But yes, there are also lots of projects that eventually fail. As long as they had good intention, I wouldn't call them scammers.

[cryptoaddictchie]

What future can we see from the alternative cryptocurrency industry?

Theres a lot of potential actually, its just that some investors find it shady when a certain project suddenly appear out of from airdrops and some hype theme. Most projects now wanted to inline with such nft thing but that isnt the only power of altcoins cause they can be a really good altetnative to handling finances and some of the traditonal industry out there like banks. The rates on crypto tend to be higher compared to them making other investors shift from traditional to defi products.

[Queenboss]

There's still a whole lot that could be accomplished with alternative cryptocurrency. The possibilities is still wide, though it would take a few more years for these to be accomplished. The cryptocurrency space is still in her infancy and alternative cryptocurrency has a lot of build up to achieve.