Days back the available number of cryptocurrencies reached 3000+ while the trading pairs have gone above 20750, and today it has got increased to 3025. If the same continues we can expect the number of cryptocurrencies available in the market to be above 3500+
Is this a healthy thing for the growth of cryptocurrency network or is it degrading the value of the system as large number of cryptocurrencies are available with zero trading volume and without any product backing.
Those coins that has been listed on CMC are once before a good coin in the market even for a while, and since those coins has been left behind because of different project and coins raising it will truly affect the trading volume of it and I cant see it as unhealthy because of lots of project that are raising.
Those old crypto are being left behind by the newly popular altcoins, it is to be expected since crypto is improving. We expect for more develop altcoins in the future and more old cryptocurrency will be added to the list of altcoins with no volumes in the market.
An altcoin was only left behind due to one reason, developers were not able to adapt the changes and improvements they need to apply in their altcoin.
Which in fact, those coins should be eliminated in CMC, it's so really depressing and stressing to see a lot of coins there but almost all have no real use case and no value of it, CMC should do something about it to avoid confusion from beginners and for us to be able to move on with the shitcoins we are still holding at.