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?
What makes bitcoin or other cryptocurrency value rises is all due to the investors who have hope in them and continue to buy. So for anyone to create a coin and want to make it's value rises, They need to convince potential investors about the advantages his/her coin s compared to others and once the investors see that it can be profitable, they can then invest in it.