Why is there so much interest in popular cryptocurrencies?

[devil-soul]

I believe because on new projects, even if promising, there is the uncertainty of a possible profit, whereas with a project that has large trading volumes on the exchanges it is easier to trade

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[gabbie2010]

Why does the cryptocurrency world focus so much on highly capitalized projects, to the detriment of more promising and lesser-known ones?

You are aware of track records of the highly capitalized project with their experience developers and based on the past history of the price action of those coins they would forever be investors choice for instance Bitcoin, Ethereum etc has a record of repetitive price history i.e for every bearish season irrespective how dip it price dump to that is usually the most appropriate period to buy and accumulate using DCA because there would come a period when it price would pump massive thus this is repetitive done like a cycle thus investors would take profit at the peak price unlike investment in a relatively unknown project whose future outlook is not feasible though there are one or two of those less popular coin that pump occasionally.

[arimamib]

Why does the cryptocurrency world focus so much on highly capitalized projects, to the detriment of more promising and lesser-known ones?

Perhaps one reason is inertia - to stay with recognized, established projects instead of taking risks with young ideas. However, even with a low profile, projects like Cogitex, for example, can provide openness and transparency in their every action, which is often not enough in the world of cryptocurrencies.

Its because popular cryptocurrencies establish their own reputation that's why majority of investors have confidence that they will not rug pull by those established project. Unlike those  new ideas where people is not totally sure if there planned technology offered to people will really happen since commonly what happen to them is if they already accumulate millions of dollars in funds thru presale then usually they will not care about the whole thing and think about let their project die naturally by listing it on small exchange.

That's why many can't take the risk investing on new project since scamming is usually happen and its hard for new investor to fall on that traps since they would provably take time to recover since its hard for them to decide if they trust another project or not. So if they are new much recommended to anyone to go first on reputable crypto since it could give them more better results.

Established cryptocurrencies have a reputation that inspires confidence among investors, making them less susceptible to scams where developers abandon projects after raising funds. New cryptocurrencies with a lack of a solid track record face a greater risk of failing or being abandoned by their creators. While new cryptocurrencies can present exciting opportunities, they also carry inherent risks. Investors should carefully evaluate the risks and potential rewards before investing in new cryptocurrency projects.

Established cryptocurrencies have earned their reputation and investor confidence through time, community support, and transparency. New cryptocurrencies, on the other hand, face greater scrutiny and skepticism due to their lack of a proven track record and potential for scams. Investors should approach new projects with caution and conduct thorough research before investing.

[Joseph-P]

Why does the cryptocurrency world focus so much on highly capitalized projects, to the detriment of more promising and lesser-known ones?

Perhaps one reason is inertia - to stay with recognized, established projects instead of taking risks with young ideas. However, even with a low profile, projects like Cogitex, for example, can provide openness and transparency in their every action, which is often not enough in the world of cryptocurrencies.

Its because popular cryptocurrencies establish their own reputation that's why majority of investors have confidence that they will not rug pull by those established project. Unlike those  new ideas where people is not totally sure if there planned technology offered to people will really happen since commonly what happen to them is if they already accumulate millions of dollars in funds thru presale then usually they will not care about the whole thing and think about let their project die naturally by listing it on small exchange.

That's why many can't take the risk investing on new project since scamming is usually happen and its hard for new investor to fall on that traps since they would provably take time to recover since its hard for them to decide if they trust another project or not. So if they are new much recommended to anyone to go first on reputable crypto since it could give them more better results.

Established cryptocurrencies have a reputation that inspires confidence among investors, making them less susceptible to scams where developers abandon projects after raising funds. New cryptocurrencies with a lack of a solid track record face a greater risk of failing or being abandoned by their creators. While new cryptocurrencies can present exciting opportunities, they also carry inherent risks. Investors should carefully evaluate the risks and potential rewards before investing in new cryptocurrency projects.

Established cryptocurrencies have earned their reputation and investor confidence through time, community support, and transparency. New cryptocurrencies, on the other hand, face greater scrutiny and skepticism due to their lack of a proven track record and potential for scams. Investors should approach new projects with caution and conduct thorough research before investing.

I totally agree. OP put it down to inertia, but I think the reputation of a project says it all. If I had to choose btwn a big name like Bitget and a new CEX startup, the choice would obviously be BGB. Their established track record even among top dogs in the industry is enough to put my mind at ease. But with new startups, I'd constantly have to live in fear of getting rugged any moment, even if the team is doxxed or whatever.

[Yatsan]

Why won't they? Interest to put it simply is associated with demand. And it just so happened that popular coins are ones which generates most profit in comparison with ones being not popular at all which are now called 'dead coin'. Indeed with 'dead coin' you will be able to purchase an amount to be held for a long period of time however given that interests in these type of coins are low, this could be examples of coins we should avoid to atleast lessen your worries as an investor. Investing with less active coins are seems to be digging your own grave to investments. Then with this ideology, a domino effect triggers after a huge dump making it hard for the 'bike' to recover.Popular coins are most of the time early coins in this industry wherein there are already communities of their kind.

[Kelvinid]

Why does the cryptocurrency world focus so much on highly capitalized projects, to the detriment of more promising and lesser-known ones?

Perhaps one reason is inertia - to stay with recognized, established projects instead of taking risks with young ideas. However, even with a low profile, projects like Cogitex, for example, can provide openness and transparency in their every action, which is often not enough in the world of cryptocurrencies.

Cogitex represents an innovative approach to artificial intelligence and space exploration, promising to break new ground. The question is how much the community is willing to pay attention to such projects, despite their current status.

What if not and you are investing in this project and lose? At least investing in known altcoins gives them some assurance that it will never turn into a scam project but these new projects even though they have the potential are likely to turn into a scam. That is why, they've preferred to take risks in old altcoins rather than taking risks in these new altcoins, and aside from that, they don't have problems with these old coins which would really matter a lot if you are investing.

[Rasa nanas]

I hope your purpose in creating this thread is to exchange opinions, not to promote a particular project.
The crypto community focuses more on projects with capital or projects with large amounts of funding because they are more confident that the future of these projects is brighter than projects with smaller capital. The large amount of funding collected also indicates that the project also has many large investors and this further increases public confidence. This is a fact that is happening now, competition in the crypto world is getting tighter and projects that are unable to compete will be abandoned.

[Samlucky O]

we’re dealing with money here i can’t afford to just throw away money in new and promising projects just for it to fail although it will generate huge profit i just can’t do it right now this applies to everything people tend to gravitate towards names that has been fool-proofed and is well-respected

maybe some time in the future i am able to spot a young and promising project that i will able to nurture and watch grow

You are pretty much correct, that we are looking out to make profit, we should not allow our emotion to control us to make a wrong decision. Crypto currency could be profitable but in other words could also be dangerous when not taken proactive messures. When investing, one should always check out for Crypto currency that has the substance that is Worth purchasing for. Otherwise you get fucked up due to hype of popularity. Morover most popular coin on cmc which are top gainers always end up becoming top lesser. That is to say there is no good thing that come so easy time matters alot in whatever thing we do. Sometimes we judge a project by how long it has exited and it's success so far before adventuring into it. In other for us not to end up buying junks.

[siniminomorocomunisakito]

What if not and you are investing in this project and lose? At least investing in known altcoins gives them some assurance that it will never turn into a scam project but these new projects even though they have the potential are likely to turn into a scam. That is why, they've preferred to take risks in old altcoins rather than taking risks in these new altcoins, and aside from that, they don't have problems with these old coins which would really matter a lot if you are investing.

I'm also surprised and I often see people willing to buy up to 2 BNB for new tokens, and we see a lot from the campaigns that I'm part of too. even though the project was just launched in the Bounties (Altcoins) thread.

For those who take risks on old coins, I think it's natural because some of them already know the origin, performance and future potential. so it's natural.

[Silberman]

I hope your purpose in creating this thread is to exchange opinions, not to promote a particular project.
The crypto community focuses more on projects with capital or projects with large amounts of funding because they are more confident that the future of these projects is brighter than projects with smaller capital. The large amount of funding collected also indicates that the project also has many large investors and this further increases public confidence. This is a fact that is happening now, competition in the crypto world is getting tighter and projects that are unable to compete will be abandoned.

Even if there is little doubt that the amount of money behind a project shows in a way the seriousness and the support behind it, at the same time it is not everything, as we have seen many coins over the years which had fantastical backing collapse as what was behind all of that money was not solid enough to guarantee the profits investors expected out of the project, and as soon as this was found out investors decided to abandon the coin and a huge crash becomes inevitable at that point.

[Freddie Boyer]

I believe because on new projects, even if promising, there is the uncertainty of a possible profit, whereas with a project that has large trading volumes on the exchanges it is easier to trade

For new projects it will be easy to see a lot of user enthusiasm too and perhaps the simple answer is that everyone wants profits. If you ask about the potential, of course it's definitely different. Yes. Trading volume has an effect too and that's something you need to pay attention to like you say.

[Kelward]

In every industry investors will want to put there money in products that they're near 100% sure that they'll make profit, so cryptocurrency is no exception. You'll want to go for a crypto coin that guarantees minimal risk, that you're sure that when the right season for harvest comes, you'll be sure of having your ROI. Instead of a crypto coin that you're not sure if it'll survive to see the next day. It all depends on investors goals, whether they're into taking high risks for high profits, then they can gamble on new altcoins, because you'll never really know the ones that'll be profitable and remain relevant for you to get your ROI. With bitcoin and top altcoins, you wouldn't have to worry if they will still be in the market for the next bull run, you go to sleep and wake up happy, because you know that your crypto can not turned to shitcoin.

[o48o]

Why does the cryptocurrency world focus so much on highly capitalized projects, to the detriment of more promising and lesser-known ones?

Perhaps one reason is inertia - to stay with recognized, established projects instead of taking risks with young ideas. However, even with a low profile, projects like Cogitex, for example, can provide openness and transparency in their every action, which is often not enough in the world of cryptocurrencies.

Cogitex represents an innovative approach to artificial intelligence and space exploration, promising to break new ground. The question is how much the community is willing to pay attention to such projects, despite their current status.

What is more important to you in the world of cryptocurrencies - their prominence or their potential to make a real impact on the industry?

Because they are highly recognized, highly advertised by large communities. Small caps get their attention too but it divides and distributes among many of them. If one small marketcap coin would get same amount of attention as one high marketcap coin, it wouldn't be low in marketcap value for a long time. Also from what i gather, many newcomers don't really understand what market capitalization is. They just see the list of "top" coins and think they are ranked in some sort of "best altcoin" category. So they pick some of the top 10. And since there are ton of community behind them, there will be enough shillers to convert more "believers".

What's important to me has changed over time. These days it's the team behind the coin or token. I need to have faith that i won't get rugged overnight, so it's easier for me to keep my money in those bags.

[MIner1448]

Why does the cryptocurrency world focus so much on highly capitalized projects, to the detriment of more promising and lesser-known ones?

Perhaps one reason is inertia - to stay with recognized, established projects instead of taking risks with young ideas. However, even with a low profile, projects like Cogitex, for example, can provide openness and transparency in their every action, which is often not enough in the world of cryptocurrencies.

Cogitex represents an innovative approach to artificial intelligence and space exploration, promising to break new ground. The question is how much the community is willing to pay attention to such projects, despite their current status.

What is more important to you in the world of cryptocurrencies - their prominence or their potential to make a real impact on the industry?

In the cryptocurrency world, the focus on highly capitalized projects is often due to their sustainability and wider acceptance. Investors, especially those just starting their journey into cryptocurrencies, may feel more confident in investing in projects with large market capital and widespread publicity, as there are fewer risks involved.
However, as you noted, inertia and preference for established projects can sometimes lead to the loss of lesser-known but promising and innovative ideas. Projects such as Cogitex, which offer innovative approaches and solutions in the field of artificial intelligence and space exploration, can truly make a significant contribution to the industry.

[Obim34]

At first... Who do not prefer going for the best and top notch, why would you prefer something lesser, and with more risk associated with it, than something which you can invest into and have a good nice sleep with both eyes closed.
Popular cryptocurrencies are the best to invest if you are afraid of loosing your hard earned money, and if you are capable of managing and bearing the risk involved in this new altcoins with little or no potential then it is left for you to decide. As many would not want to risk it, same with. I had my experience with it and would not want it to reoccur for another time not when things are beginig to head in a good way then loosing my money, no I wouldn't.
You absolutely have to do your own research(DYOR) and know what is best for you before indulging in it

[btc78]

What is more important to you in the world of cryptocurrencies - their prominence or their potential to make a real impact on the industry?

potential is all what it is until it actually makes an impact potential is not guarantee that you will earn profit since we are dealing with money it’s important to note that people would opt to invest in something they think is ‘fool-proof’

thinking about it, if you are going in to a restaurant would you rather just order the menu you know you like or risk wasting your money on something new?

[Yamifoud]

Why does the cryptocurrency world focus so much on highly capitalized projects, to the detriment of more promising and lesser-known ones?

Because it matters a lot to us, investors.
Buy cheap coins or shitcoins then you can see the answer to why people are buying known and reputable projects. In fact, nobody buys a certain product that we're unsure of its results and profit gains. Nobody will invest in a scam project knowing that they will just lose their money. Since we have the option of buying top coins in the market, why not? It doesn't matter if the price is high but what is important is that we are expecting a profit to get from investing these coins, not losses.

[sheenshane]

Why does the cryptocurrency world focus so much on highly capitalized projects, to the detriment of more promising and lesser-known ones?

Because it matters a lot to us, investors.
Buy cheap coins or shitcoins then you can see the answer to why people are buying known and reputable projects. In fact, nobody buys a certain product that we're unsure of its results and profit gains. Nobody will invest in a scam project knowing that they will just lose their money. Since we have the option of buying top coins in the market, why not? It doesn't matter if the price is high but what is important is that we are expecting a profit to get from investing these coins, not losses.

In the short term, "proven and tested".

But how about the pump-and-dump coins/tokens, usually they are new and will create hype for anyone.
I saw a lot of people willing to take a risk on meme coins or even in a shitcoin that will create hype upon launching.

People must understand how to manage risk on investing in the short term, those coins that already gained a reputation.  though the progress and potential of gaining profit don't have a time frame but at least there's a guarantee that it will not become a shitcoins in the future.

[Bushdark]

I believe because on new projects, even if promising, there is the uncertainty of a possible profit, whereas with a project that has large trading volumes on the exchanges it is easier to trade

For the fact that many of the popular crypto projects are being in the market for long and they can not easy crash like that just like many new projects we have seen that has no good management team that could work hard enough to send the project to the moon.
So many factors we need to be considering when we are investing in cryptocurrency and we should not only look out for old project but also new projects that would give us a maximum profit and increase our taste for similar projects.

[Essential10]

I think the main reason for so much interest in popular cryptocurrencies is the search for maximum return on investment. For example, among the popular currencies Bitcoin and Ethereum have increased in value over the years and people are investing more in these coins. Many investors are attracted to alt coins, including Bitcoin, because of their potential for high returns. Alt coins like Ethereum, Solana, and BNB are among the most popular currencies after Bitcoin and remain in the list of favorites and market stability. Overall, the combination of high demand, limited supply, strong marketcap, trading volume, community support, development team and widespread adoption of these coins makes popular cryptos a sought-after investment and a valuable asset in the digital economy.