Hi, I am new to all this, but help me understand this. If there is a crypto coin that is very useful and has functional value, not just speculative, say it becomes very expensive. What is to stop someone from just creating their own coin that is the almost identical to it, and using it instead, so high prices are not paid for the other coin? How can all these coins maintain high values, when people can just create as many new coins as they want?
There are lots of similar project which do launch on a short period of time and talking about on the similarity then its actually true why those people keep on making the same concept of a previous project why not on just supporting it instead rather than on making a new one. The main reason? because they do like to make money because if people would possibly buy their then they can really easily make money too.Its just like that which a normal thing on the market as of now and knowing creating a new coin is simple. Just do some works and make your coin attractive.