There is no shortage of coins and tokens in the crypto-industry. How many of them are any good is the question.
Evaluating the economics, technology, and marketing of just one project is hard. There are thousands of projects out there. Its impossible to come up with a universally applicable method to tell good projects from bad ones.
Yet, somehow people get by and manage to navigate among all the options in the cryptocurrency market. How?
When there are too many things to choose from and the time is limited, people, animals, and computers sometimes use heuristicsproblem-solving approaches that arent necessarily optimal or rational, but they work well enough in most cases and save some time if youre lucky.
https://forklog.media/how-to-spot-a-shitcoin/All your facts are true, the number of coins in this space is too much and funny enough only few are actually doing well. Some are just dead while some are used for pump and dump. In my own way, the first question is what do you want or expect of the coin? This will help to narrow down your choices. But however, one of the simple way to spot a shitcoin is when the team shys away from certain technical questions; this act shows they have nothing to offer.