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.
Distraction and decrease in capitalization, I see the main reasons for the appearance. Many coins are not used at all and hang on the stock exchange as a dead load, and I am not talking about useless forks yet.
The coins you said will be delisted from exchange if they don't have a long time trading. There are also many projects with potential, however the decline makes the project team more difficult and can not continue to lead to suspension of project development.