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.
Different coins are created for a specific reason. Some are being created for easier payment system. There are some reasons but I can't enumerate them. Some of these coins are scam only and it is created to get some money to the investors out there. There are some people saying that most of the coins right now will eradicated in the future for some reasons. Maybe because of financial problems or because they are scam.