Quote from: Paycoinzzz on November 10, 2020, 02:57:43 PM

I understand this problem but the more projects the better the crypto market will be. That will create diversity and also motivate many projects to become more complete. Here are the reasons why new projects will have a good impact on the Crypto market:
+ When there is competition, existing projects must strive to perfect and develop their platforms. So evolution and disruption will be in the Crypto market.
+ Helping the Crypto market to be more diversified, with more projects other than technology to attract investors from outside.
Therefore, rejection and selection will continuously take place, it will help the Crypto market to be raised to new heights instead of being labeled as a manipulative market.

That's certainly true, mate. Diversity is needed in order to help crypto/Blockchain tech become mature enough for mainstream use. While the number of projects will rise, only a few will remain listed on crypto exchanges. Investors will get to decide which cryptocurrencies to support on the free market. Cryptocurrencies that are able to provide constant development and innovation will be able to remain in the top ranks in market cap. At least, the decentralized and open source nature of crypto/Blockchain tech allows anyone to continue working on already-established projects or build a new one from scratch for a greater good. This will make a network effect on crypto land as we speak.

Nonetheless, I wouldn't worry about too many cryptocurrencies popping up on the market every once in a while. Top cryptocurrencies like Bitcoin and Ethereum will always remain in the spotlight due to the real use cases they provide for the mainstream world. As long as crypto remains decentralized, it'll be able to resist government interference. Otherwise, everything that's been achieved so far will be put in vain. The vast number of cryptocurrencies on the market shows us that the space is thriving (not the other way around). Just my opinion