There are a lot of tokens, many of them worth 0. The question is, why and which tokens will gain value in the longterm?
I'd love to buy a lot of coins, but many beautiful project doesn't need their tokens to release their products... I see a lot of tokens that have not use cases.. why should they go up?
They go up because they are pumping by the speculators. That's why most of them are including on the security list because they have no utility usage and that's the problem. these days a lot of platforms much more focused to created a platform that doesn't even need the token.
yes... this is the point. It's incredible how many of these coins were 50x 1 year ago... what could be the cause of this bad dump? People realized that altcoins have not any value in the longterm?
I'm looking at QTUM (100$ ath and 1.8$ now) IOTA (6+$ ath and 0.25$ now) ADA (1$ ath and 0.04$ now) XVG (0.25$ ath and 0,005$ now) MCO (27$ ath and 1.9$ now) PAY (5$ ath and 0.25$ now) ETC (45$ ath and 4$ now)
I could keep write for 1 hour listing all cryptocoins crashed from 1 year to now.
This looks like a huge speculation movement