Shit coins era is going to end

[bittick]

shitcoins is eternal since it's the incarnates of scammers, it will always appear in the future, it's just the current trend isn't really suited for these scammers in scamming since mostly people are holding from investing which means lack flow of investments therefore the scammers consider this isn't the right time but see the next bullrun the shitcoin will be appearing again and there will be many rugpulls again, it's better if the newbies start learning that shitcoins isn't really investments it's gambling.

[coin-investor]

There are many other shitty coins. Hundred different concepts. None of them has proper utility.

Hope its a end of those shitcoins.

It's going to end in a few years now we will hardly read new coins without utility that is being launched, investors have enough of these shitcoins with only whitepaper to show to the community, without a model platform but even if they have a platform or utility it should be something that majority of the community can use and benefit, there are so many useless platforms or copy cat platforms, the market is saturated with useless platforms that investors should do a lot of research in these utilities.

[Lagduf]

You are right, but maybe with a different concept than now.
The crypto market will continue to experience different hype every year. And there are ways for scammers who intend to follow the hype. maybe now the shitcoin is starting to fade but if the market turns bullish again there will be people who invest in the shitcoin.

Different concepts make crypto known to people, but the current concept is so unreasonable that it makes people shake their heads,
and you are very right when bullish there are many projects that come and rely on hype and there will definitely be buyers

Buyers will try to use everything to buy the tokens to get fast profit during the bullish market. People didn't care so much about what kind of token they bought. The whales will be also pumping the shit tokens when the bullish trend will come. The shit coin era will never end.
Even if the shit coins are dead and it doesn't mean someone with bunch of money can't pump them. The dex was available forever.

[Lambe Ndumble]

You are right, but maybe with a different concept than now.
The crypto market will continue to experience different hype every year. And there are ways for scammers who intend to follow the hype. maybe now the shitcoin is starting to fade but if the market turns bullish again there will be people who invest in the shitcoin.

Different concepts make crypto known to people, but the current concept is so unreasonable that it makes people shake their heads,
and you are very right when bullish there are many projects that come and rely on hype and there will definitely be buyers

Buyers will try to use everything to buy the tokens to get fast profit during the bullish market. People didn't care so much about what kind of token they bought. The whales will be also pumping the shit tokens when the bullish trend will come. The shit coin era will never end.
Even if the shit coins are dead and it doesn't mean someone with bunch of money can't pump them. The dex was available forever.

The main target of investors is certainly profit, they do not care about the token whether to have the potential to skyrocket in the long run, and in my opinion this is natural because anyone who invests in cryptocurrencies is aimed at profit

[GatotKaca]

Shit coins will continue to appear, this is because it is easy to make coins or tokens and only need to pay $10k or less to pass the audit, then pay another $10k to be available on some exchanges, only strict rules can limit shit coins.

however, this is a normal business but it can make a lot of money for those coin makers. just make a small project and make their community big. trying to hype their token. and quickly I guess developers can benefit.
those who are inexperienced may find it difficult. but those who have tried it and succeeded will continue to make scam projects with their shitcoins.

[ethereumhunter]

Shit coins will continue to appear, this is because it is easy to make coins or tokens and only need to pay $10k or less to pass the audit, then pay another $10k to be available on some exchanges, only strict rules can limit shit coins.

Yes, that's correct. The presence of shitcoins can tempt new and old people to invest and hope to get big profits. But those who are experienced and can know which coins have potential or shitcoins will not choose these shitcoins because it is of no use to them.

They will not try to invest or if they want to invest and forget about it, they just use small money and don't expect much.

[asriloni]

The number of coins and tokens registered today is more than 22k, I followed the number of cryptocurrencies since 2014, at that time what I knew was only 300, so in 8 years appeared more than 22k or almost 2500 per year, and the fact was more coins or tokens which is a scam.

It was increasing drastically. The scam tokens were inflating so much compared to the a few years before. It's caused by there are more protocols that makes token issuance become even more easier compared with before. that was also making the total tokens created by scammers are also increasing a lot. Im not feeling surprised to see this happens with it. it seems like people must also aware about that the era may not end soon.

[burugcrypto]

The number of coins and tokens registered today is more than 22k, I followed the number of cryptocurrencies since 2014, at that time what I knew was only 300, so in 8 years appeared more than 22k or almost 2500 per year, and the fact was more coins or tokens which is a scam.

At the same time, 12,000 #crypto projects have ceased trading this year, Nomics reports.

Source : 12,000 #crypto projects have ceased trading this year, Nomics reports.

I am not saying shit coins will end permanently. Even if scammers find it lucrative, Investors doesn’t play dumb role always.

[Ziskinberg]

Everyone is hoping to have it though. But to see what is going on now, we instead see them growing and multiplying more than I can say was impossible. Might soon their numbers will down and developers will get tired of creating worthless projects but we can't also neglect the possibility that one day these legit projects will turn into scams or worthless, just like what happened to Luna. Whether we like it or not, shitcoins have been a part of crypto since before and it will only be totally gone once the entire crypto market will die as well.

[fuguebtc]

The number of coins and tokens registered today is more than 22k, I followed the number of cryptocurrencies since 2014, at that time what I knew was only 300, so in 8 years appeared more than 22k or almost 2500 per year, and the fact was more coins or tokens which is a scam.

It was increasing drastically. The scam tokens were inflating so much compared to the a few years before. It's caused by there are more protocols that makes token issuance become even more easier compared with before. that was also making the total tokens created by scammers are also increasing a lot. Im not feeling surprised to see this happens with it. it seems like people must also aware about that the era may not end soon.

To be honest, I find this quite normal, as the number of layer 1 and layer 2 projects has also seen a significant increase, so it is understandable that shitcoins have also seen an increase from there. And the number will continue to increase as the market expands, the more popular the cryptocurrency, the more new people join, the more shitcoins projects, scams will follow. This is unavoidable, there will be no way to stop these shitcoins as this is an open market, free to grow. we just ignore them and only work with potential projects.

[TomArayaSlaya]

I highly doubt that I mean there is a decline right now but still they keep pumping out those coins days after days and seriously dont forget more dogechains and shibchains are coming and they are going to support lots of memes and they will have a dedicated L1 for their activities and that mega memes to me I dont for once think they will stop maybe just improve and get utility

[Marvelman]

Everyone is hoping to have it though. But to see what is going on now, we instead see them growing and multiplying more than I can say was impossible. Might soon their numbers will down and developers will get tired of creating worthless projects but we can't also neglect the possibility that one day these legit projects will turn into scams or worthless, just like what happened to Luna. Whether we like it or not, shitcoins have been a part of crypto since before and it will only be totally gone once the entire crypto market will die as well.

The crypto market is extremely vulnerable and weak these days specially with all this shits going on. So sad, I'd like to believe that shitcoins is temporary and it's about to end soon but the way things are proceeding, I can't help but fear that it would never happen. As long as there are legitamate projects, there will also be pitiful projects. The only way to protect yourself from this possible risk is to learn everything about the market, so you can better distinguish between real projects and those that are just scams.

[Victorik]

Very crazy how they come up with silly ideas without a solid foundation and yet expect the project to succeed.
Some even have crazy APY, promising investors of getting millions of dollars when they invest $1k.

A good project must meet a need or solve a problem. You don't just wake up and create a token without a use-case, it will fizzle out within weeks.

I am still some shit coins that will never grow again, why because the dev have probably abandoned the project.

[kapalmabur]

The number of coins and tokens registered today is more than 22k, I followed the number of cryptocurrencies since 2014, at that time what I knew was only 300, so in 8 years appeared more than 22k or almost 2500 per year, and the fact was more coins or tokens which is a scam.

With so many coins available, we also need to be extra careful in making decisions to buy coins,
scam tokens will never disappear so we can't avoid completely,
coins will also continue to grow over time

[Hamza2424]

Strange to hear about it as Shitcoin era is ended haha really is there was any era about Shit coin i dont believe it the shitcoins are like the air 🌬️ disappear without leaving any sentiments except for the Cooling Effect haha i like it. As cooling effects in the hot summer but this year summer was too hot 🔥 due to Bear attack.

[monineklutak]

Shitcoin will always be there in every season and will never die I think, because shitcoin is not regulated in the cryptocurrency world,
it is easy for everyone to make their project, even now there are so many memecoins in the crypto world, we can't prevent it but we can avoid it by not buying shitcoin.
because if you are desperate to buy shitcoin and you hold it long term then you must be prepared to lose your money.

[Anonylz]

This bear market plays a huge role on many of these shitcoins existence. It may look like many of them have phased out due to lack of volume but the moment there is a reversal in the overall market,  more shitcoins will be created.
Even the most solid projects are not finding it easy during this bear market let alone shitcoins that are solely base on hype and nothing else.

[fvb]

Now everyone who is not lazy is trying to create their own projects, which, of course, have tokens. But these are such projects, basically, from which there is no benefit. And I think that they will not succeed and it is unlikely that this will stop in the near future.

[Xal0lex]

Hope its a end of those shitcoins.

I don't agree that the end of the shitcoin era has arrived. Shitcoins are gaining momentum every year. Every year more and more such coins appear. Just look at the statistics of dead coins that appeared in 2021. The growth is fantastic, and it will continue to grow.

Shitcoins are an integral part of the crypto market. And they will keep popping up until the crypto market is regulated, similar to what is seen in the stock market. Even with their level of regulation, though, there is still a category of stocks called junk stocks.

[KennyR]

Hope its a end of those shitcoins.

I don't agree that the end of the shitcoin era has arrived. Shitcoins are gaining momentum every year. Every year more and more such coins appear. Just look at the statistics of dead coins that appeared in 2021. The growth is fantastic, and it will continue to grow.

Shitcoins are an integral part of the crypto market. And they will keep popping up until the crypto market is regulated, similar to what is seen in the stock market. Even with their level of regulation, though, there is still a category of stocks called junk stocks.

Agreed, every year there is growth with the shitcoins available in the market and more new shitcoins are getting launched. The luckiest will get an opportunity to invest and experience the profit, which is the major thing that keeps common cryptocurrency users away from shitcoins. As mentioned, when cryptocurrency gets regulated existence of these coins will decrease as they won't meet the criteria to enter the market.