I have a lot of questions about the cryptocurrency market.What is the role of so many cryptocurrencies?I feel that there is no other use besides hype.
Yes, it is. I don't see the real use case for me except BTC and ETH. I use them to make payments between my friends and partners. Stablecoins are ok as well - they are necessary for hedging. The rest are just speculative assets, nothing more.
Many altcoins do not have any use.99% of the cryptocurrency will be zeroed in the future.And there are many speculators in this market.The speculation is very common in here, so dont be surprised too much.
I also agree that 99% of altcoin will die in the future. Within the next 3-5 years I predict there will be only about 50-100 altcoin left alive and active. There are too many current altcoin scam and it caused the market to collapse in 2018 and 2019