Its been a very long time that I've been using coinmarketcap.com/new to find new crypto projects that just get listed on the platform and I've come to notice that every two to three days coinmarketcap always list up to 30 new crypto projects, how insane is that? It shows that more than 100 crypto projects are released every week cos some landed on coingecko first before coinmarketcap, this to me is scary
To much of new projects shows that cryptocurrency market is getting known among all levels of people. When the industry/market is gaining popularity more people will try to show their product to the population and make business. This is what happening with the new projects. Among them very few will be the best and few will have something in it. It can be useful in the long term based on the further widening of the market. It is upto the user to identify the right one and invest.