Too much of new crypto projects?

[indian_blog]

Its been a very long time that I've been using coinmarketcap.com/new to find new crypto projects that just get listed on the platform and I've come to notice that every two to three days coinmarketcap always list up to 30 new crypto projects, how insane is that? It shows that more than 100 crypto projects are released every week cos some landed on coingecko first before coinmarketcap, this to me is scary

[CryptoboyRamesh]

I agree with you! As much as there isn't a regulating body to regulate how these coins are formed, the number of new projects getting on the market is alarming, especially that most of these aren't unique to whats already there.. this should be discouraged if we want existing projects to grow to what has been projected. Otherwise the more we get new projects on the markets then the likely hood that these will absorb the value thats there.

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The industry is growing at a very impressive rate. I do wonder, however, how many of these projects are scams though - crypto scams have also increased at an alarming rate since the beginning of the pandemic.

[MrSpasybo]

It can be said that we are witnessing an explosion of new projects in the crypto market. In 2017 we only had tokens on Ethereum, now we have tokens belonging to other ecosystems: BSC, Solana, NEAR, Avalanche. However, I personally think that 90% of them are scam projects that do not have any value to the market.

[Marinad123]

I discovered the world of cryptocurrency recently but have already achieved great success in this area. For me it is important to earn and have fun. I started to study blockchain and play to earn. I don't want to stop there and I'm sure that blockchain games are our future. I think you should study this area too

[LuckyMac]

I do think there are tonnes of different projects and the more there is the more research is needed. Itll soon become a niche area because work will have to be put in to make sure you are not getting into a rug pull

[Swiss_cheese]

Yep, a lot of them are pump and dumps or clones. It's a lottery if you don't know what to look for and a raffle if you do.

[Kandamby3]

Yeah, you are right enough. There are different types of new projects are launching each and everyday. Most of the people try to invest their money in new projects. For me, I want to focus for this one https://www.coinfield.com/presale because it’s really unbelievable and trustworthy that a project can keep an important role in the foods security.