Quote from: wxa7115 on August 18, 2022, 07:31:31 AM

Quote from: cryptomaniac_xxx on August 12, 2022, 10:09:35 PM

Quote from: Anonymous100 on August 12, 2022, 08:05:26 PM

Quote from: MrDave on August 01, 2022, 06:48:43 AM

As we all are seeing the launching of new projects one after one. So, one should take care of many things before investing. How to know the real potential of these new projects?

Almost every day there are new projects launched, both those listed in this forum and those that are not listed.
But to see that the project has the potential to succeed is their work partner, a trusted team. Roadmaps and whitepapers are no longer a reference for project success, because many projects are out of the current roadmap.

I think it's still good to look at the whitepaper and roadmap, so that we will know if they have the potential.

But the problem is that the crypto space are so saturated that the projects are almost the same now. Even others copy each others whitepaper and there are no uniqueness of the project itself, so it's hard to know the potential until it was released. As compare to the early years wherein every 10 released, at least half of them is going to be very successful, but not today. Besides, the people behind are not to be trusted or they are just creating projects for pump and dump purpose or even scam investors.

Which is the main reason why so many people are losing interest in investing in those projects, right now we have tens of thousands of coins in the market, do we really need that many? How many different coins have you actually used during the last year? In my case only one and it is bitcoin.

So most of the coins being released today are not only just copies of other projects, we do not really need them for anything, and this explains why the majority of the projects collapse and disappear during their first year of existence.

Of course, if what they develop has an influence on some other crypto, investors will not leave the project. Instead, investors leave because what they are developing does not have anything of value in the project. If it's just developing coins to sell on the exchange, I don't think there's a need for too many coins. The most important thing about a project is bargaining value.
For example, a new and successful project is the one they developed about the Dex exchange, Smart Contract. This is something new after a long time Ethereum has operated as a smart contract bidder.