If you go to
www.coinmarketcap.com/new/ , you will see that there are new coins added EVERYDAY..
and they have a decent market cap worth 1000's of dollars..
How do people just make there own coins that easy? and how are they raising so much money??
i mean like, whats stopping a normal person like me, doing the same thing.. just making a random coin and making thousands of dollars??
this is so stupid.. what is the need for all these useless coins?? when is it gonna stop?
The cryptocurrency market is one of the market that attracts a lot of investors now and that is why you are seeing those coins raise money. People are used to traditional investments platform like commodity and stocks and since altcoins is almost equivalent to that people see it as flipping. A lot of millions are been raise through ico and ieo market and people are seriously make used of these two channels to get money for their projects.