Does anyone know how to monitor new and emerging cryptocurrencies?
I hear about these floats of new cryptocurrencies but have not idea how to know when they're coming.
It is not that necessary if you ask me. A code being open source it would generate a lot of fake copies from many unscrupulous developers eventually launching a new token or coin and then promoting it on the basis on some buzzword in order to generate a fake market demand and scam the investors putting in money on those coins.
So if you look closely, you will be bombarded with new and "emerging" crypto. You can make money off them if you are joining them early and selling before the price drops, but this is a rat-race and not worth getting into. Because if you are experienced on how to be a bag-holder and then pump your bags of shitcoin, you will not be able to profit off this.
A way better method is to stick to "old is gold" and that is bitcoin. Although bitcoin is still in its baby days IMO.
It is not necessary but that is just the way many newbies think, they see the profits bitcoin gave at the beginning and the profits it can give now and they think they are receiving the short end of the stick, with this in mind they prefer to look for other new projects to try to replicate the success that the early adopters got, we know the chances they will do so are almost zero but newbies only see the potential profits and nothing more, and then once they lose their money they claim they were deceived by scammers when in fact they deceived themselves.