This new digital currency model will destroy cryptocurrencies market

[WinningJoy]

This new digital currency model will destroy cryptocurrencies market

The new digital currency model is the 3 factors.
Demo at https://emeraldsgo.com/

Some very high level entities have backed it.
It is still at the early stage of development.

But I think it is going to destroy the cryptocurrencies market in near future.

Do you think so ?

[N.O]

I am not impressed by that. Cryptocurrency has great importance on International level and many big authorities have collaborated with the cryptocurrency project CEO and CEOs are working smoothly with the partners and there are thousands of exchanges which are present in the market to serve to the traders abd investors and cryptocurrency is top of of the currency in that age and it will be more famous in future and ni new thing can replace that because all new thing have to make position in the market and that is not easy for that.Cryptocurrency will change the world in future and there are millions of people which are enrolling in cryptocurrency and they are taking courses and they are understanding the market conditions and big businessmans invested their money in cryptocurrency for long term.

[Frankolala]

Cryptocurrency is still new, and it is also a digital currency. You should know why cryptocurrency is existing today, it is because of bitcoin and its decentralized nature. Bitcoin potentials made it to grow in value and other dev duplicated bitcoin to create their own coin. These is how a lot of altcoins were created and many of them didn't survive only few did.

Your new digital currency that you are talking about, if it doesn't have any problem that it is solving, nobody will adopt it. If it is centralized, forget it because it can easily be manipulated which is what makes bitcoin unique from the rest currency.

[Rruchi man]

This new digital currency model will destroy cryptocurrencies market

I know there will be something later to replace cryptocurrency, but not this soon. Cryptocurrency has not even entered full maturity; it is still struggling for acceptance, and you are talking about a new digital currency destroying the cryptocurrency market?

The only way it is beating cryptocurrency is if people accept it first before cryptocurrency, but so far, that does not look like happening anytime soon.

I will keep an eye on the project though.

[Oluwa-btc]

This new digital currency model will destroy cryptocurrencies markets
But I think it is going to destroy the cryptocurrencies market in near future.

Do you think so ?

I don't think so, and for you to say that why do you think it's going to destroy crypto currency markets in the near future as said.so then talking about this new digital currency I'm not sure of it destroying the crypto markets because Bitcoin if you're looking at the decentralized nature of it, it has really skyrocket so many curencies and it's adoption have created a trust that it'll do better in the future but then having another digital currency so soon I'll say  the cryptocurrency will still stay amidst all that and  even if there's a rise of New currency it won't stop the crypto community from widespreading.

[tabas]

This new digital currency model will destroy cryptocurrencies market

I've heard a lot of it since I was new to crypto. There have been projects that thought the same of targeting the crypto market and blockchain saying that they're the killers of it. But right now, where are they? I even forgotten their names and the projects that have tried to kick out these two but they did nothing.

Some very high level entities have backed it.
It is still at the early stage of development.

But I think it is going to destroy the cryptocurrencies market in near future.

Do you think so ?

If that's what you think, let's see. But IMHO, many I have seen already these models and projects that tried to dethrone blockchain and crypto. While they're at an early stage, for now, let's see if that's going to work. Otherwise, this is another buzz project that are making people gullible that it's doable.

[AmoreJaz]

This new digital currency model will destroy cryptocurrencies market

I've heard a lot of it since I was new to crypto. There have been projects that thought the same of targeting the crypto market and blockchain saying that they're the killers of it. But right now, where are they? I even forgotten their names and the projects that have tried to kick out these two but they did nothing.

Some very high level entities have backed it.
It is still at the early stage of development.

But I think it is going to destroy the cryptocurrencies market in near future.

Do you think so ?

If that's what you think, let's see. But IMHO, many I have seen already these models and projects that tried to dethrone blockchain and crypto. While they're at an early stage, for now, let's see if that's going to work. Otherwise, this is another buzz project that are making people gullible that it's doable.

Would be very hard for a newcomer to compete with the current crypto market. Many will claim to be the best, but we all know where they will end up with. Most of them will be abandoned after few months of launching or else, once the dev team pocketed some money, they will disappear without warning.
Even if we say top or known personalities are behind on this, we can't guarantee if the public will patronize such project.

[tabas]

This new digital currency model will destroy cryptocurrencies market

I've heard a lot of it since I was new to crypto. There have been projects that thought the same of targeting the crypto market and blockchain saying that they're the killers of it. But right now, where are they? I even forgotten their names and the projects that have tried to kick out these two but they did nothing.
ly stage, for now, let's see if that's going to work. Otherwise, this is another buzz project that are making people gullible that it's doable.

Would be very hard for a newcomer to compete with the current crypto market. Many will claim to be the best, but we all know where they will end up with. Most of them will be abandoned after few months of launching or else, once the dev team pocketed some money, they will disappear without warning.
Even if we say top or known personalities are behind on this, we can't guarantee if the public will patronize such project.

That's what will happen to them most likely. So, based on all of those that I have seen, they're proclaiming as if everything is going to be easy and they'll dethrone crypto too easily. I wasn't skeptical at that moment because I was still young in the market and naive and thought that they were really amazing with all of the words and proposals that I'd read from them. But my mistake there was that I didn't do that much research and that made me a gullible guy on them. So, the lesson there is to always apply what we're advising people to do and that's to DYOR. It's really going to save a lot of trouble from those projects or technologies that might convince us that it will be able to kick out crypto and blockchain.

[Gallar]

This new digital currency model will destroy cryptocurrencies market

The new digital currency model is the 3 factors.
Demo at https://emeraldsgo.com/

Some very high level entities have backed it.
It is still at the early stage of development.

But I think it is going to destroy the cryptocurrencies market in near future.

Do you think so ?

Personally, I don't think it's easy to destroy or replace cryptocurrencies. Because as far as I know, currently crypto currency is the best digital currency. A big example is bitcoin, with its decentralized nature and also its ever-soaring market price, which will continue to attract many people to buy bitcoin. Apart from that, bitcoin has also been legalized as currency in El Salvador, this is clear proof that cryptocurrencies like bitcoin have advantages, so that a country can really trust it to be used as currency in its country. Therefore, I personally think it will be very difficult for other digital currencies to beat cryptocurrencies. Because in essence, cryptocurrencies can currently be said to be a very big trend, and apart from that, cryptocurrencies also have very complex uses. And don't forget that the cryptocurrency community is also huge right now. So in conclusion, I personally am not sure that currently there is another digital currency that can beat cryptocurrency, even in the next 10 years I am sure there will still be no digital currency that can beat cryptocurrency. So I think your assumption is a little inaccurate on this matter.

[icalical]

Though centralized digital currencies like on the OP do bring advantages such as more regulatory oversight and ease of transactions, they have much limitations regarding privacy and decentralization. That's generally why cryptocurrencies like Bitcoin enjoy such popularity, they really work entirely outside of any governmental and institutional controls. This could be extremely important for users that search for anonymity and control over their assets, especially in countries where strict regulations have been imposed on them.

Besides, the crypto market is in continuous development, including innovative solutions such as modular blockchains and Layer 2 scaling, which further enhance the efficiency and scalability of decentralized systems. These are helping cryptocurrencies adapt to challenges and even expand their usage. Given that fact, though digital currencies might supplement certain needs, cryptocurrencies also will not disappear in a flash but keep on developing so that in the future, they will still play their role in the financial landscape.

[gary598byers]

Hello,
The new digital currency model could significantly impact the cryptocurrency market, especially if backed by influential entities and offering unique advantages. However, it's too early to predict if it will completely destroy the existing market. Cryptocurrencies have strong communities and established use cases that may help them adapt and coexist with new digital currencies.


Best Regards,
Gary Byers