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?
It is not enough to just clone a particular currency and drop it in the market so that it can take some value, since this has already been tried and we have many currencies in the market that are mere copies of currencies known as btc and eth but see, none has achieved success all they are dead.
For a currency to earn value first it needs to win its users with serious and truthful proposals, only after that it starts to gain its market value.