Post
Topic
Board Altcoin Discussion
Re: What's the point of so many cryptocurrencies?
by
coin-investor
on 23/01/2021, 02:00:09 UTC
Hi,
I was browsing about 50 pages here https://www.blockchain.com/prices?page=50 then I gave up and googled it...there are more than 2000 cryptocurrencies!
Why?
The fiat tends to reduce thanks to EUR, what's the purpose of so many cryptos?

thanks

It's not only 2000 it's more than that since the introduction of the first Cryptocurrency Bitcoin because it's open-source people can easily create their own coin, and when Ethereum came along with it's token creation platform, everything becomes so easy to create a toke, and with this many companies, individuals and groups are creating their own token for their concept or product, it has something to do with greed because with their token they can launch ceowdfunding.