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.
We are still in the discovery phase so I think many projects are still going to come in hoping for acceptance in the community, it is the task of investors to support legit projects that will contribute to the growth of blockchain and Cryptocurrency, I have invested in a lot of projects in the past, but they are now dead, because they really don't have usage or their time has not yet come.