Post
Topic
Board Altcoin Discussion
Re: There are so many cryptocurrencies in the market, what do they do?
by
pundit
on 10/02/2019, 05:35:07 UTC
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.

Every new ICO comes with an idea and launch its cryptocurrency inorder that token to be used to access their services. Its a fact that most of the new ICOs are not fulfilling their promises and their tokens are of no use in real life scenario. Its not surprising that new ICOs with new cryptocurrencies will keep on coming but the projects with solid plan will only survive. One should always study the project thoroughly before investing into it, a good project can multiply the investment many folds. Its like mining diamonds from coal minecraft.