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
Cryptocurrencies are digital currencies that are in great demand by many people and have great opportunities to make money. so it's only natural that many developers continue to launch new projects to get a lot of money from investors. and cryptocurrencies are very promising for developers. so you have nothing to scary because all work according to their respective abilities.