I mean let's face it. There is so much junk and meme coin wishful thinking
that it is hard to think that some projects are actually real and wanting to
succeed other than the top 100-200 coins.
Entrepreneurs are looking like ghosts and and do not dare showing their faces on
their website or on Youtube as they fear the SEC madmen apparently
I did some research on around 100 coins listed on CMC from 200 to 11500 and seriously, I think I found 1
that doesn't seem to be so shady, maybe two I would invest.
Am i the only one who think that this freedom of creating coins (specifically ERC20 and BSC Tokens)
given to new wave business man is slowly rotting our crypto playground!? With the actual pace of development
we should have 100,000 Alt coins in a few more years, 3-4 at max. That will eventually discredit the industry.
So what percentage do you think is actually real and based on serious projects?
I say 2%
that it is hard to think that some projects are actually real and wanting to
succeed other than the top 100-200 coins.
Entrepreneurs are looking like ghosts and and do not dare showing their faces on
their website or on Youtube as they fear the SEC madmen apparently
I did some research on around 100 coins listed on CMC from 200 to 11500 and seriously, I think I found 1
that doesn't seem to be so shady, maybe two I would invest.
Am i the only one who think that this freedom of creating coins (specifically ERC20 and BSC Tokens)
given to new wave business man is slowly rotting our crypto playground!? With the actual pace of development
we should have 100,000 Alt coins in a few more years, 3-4 at max. That will eventually discredit the industry.
So what percentage do you think is actually real and based on serious projects?
I say 2%
There are many worthless altcoins in the market and each trend gives rise to another countless worthless altcoins again. That is, few months when it was all about Meme coins we saw the way they kept coming up and a very good number of them ended up as scams, those that didn't exit scam earlier are now dead. Also, if you study the level of adoption coming into this space, you will see a good number is always limited to BTC and to an extent ETH, but as for others within top 10 on coinmarketcap, only few adoption comes their way; the reason is that BTC is and can be trusted but same can not be said of a good number of altcoins out there.
Lastly, some new coins can still grow it be worthwhile in the future, and these ones takes time to develop and hype is always far from them, until their working products are out. Considering the number of altcoins in existence, I think it will be hard pointing out the number of good altcoins but only very few and I would say 10% are good while the other aren't.