The world of digital currencies is growing exponentially, with new altcoins being created all the time. While some may be novelty coins with little genuine value, others may have unique features that make them more useful or desirable than traditional fiat currencies.
It’s important to remember that not all altcoins are created equal. Some may be more stable and have greater potential for growth than others. It’s also important to be aware of the risks associated with investing in altcoins – some may be unstable and have low liquidity, meaning they’re difficult to trade.
That said, there are a number of reasons why people may choose to invest in
I'd agree with this 5-10 years ago. But as we look at how deep the altcoin market became, they are kind of repeating the old projects that was created before. A lot of them are supported even without the proper explanation what is the difference with the older one.
I would gladly invest in some altcoins if I see the broad reach of their projects. Like Ethereum for example. It was supported and investors are still keeping the coin because of the huge change they made thanks to the ERC20 contract. It gave opportunity to new projects to create their own coins/contracts.
Are we able to witness something like that again?