Quote from: Abiky on December 20, 2023, 03:36:58 PM

I'm afraid so. Most altcoin projects are a passing fad as they're driven by hype instead of utility. Those who manage to get in early will reap huge benefits in the long run. Current projects are eventually replaced by newer ones as investors/traders look for the next big thing in crypto. You can see why oldies like Litecoin and Monero aren't getting much traction these days. It's because greed has dominated the market for long.

New coins (memes, smart contract blockchains) is where the money is. If you really want to make quick returns, then I'd suggest you check Telegram/Discord for updates. Any annoucement of a major event will surely drive the coin's price all the way to the moon. Just don't invest more than what you can't afford to lose and there should be nothing to worry about. Grin

This is because there is only so much you can do with the blockchain, as innovative as the idea of Satoshi was and how well he executed his idea, over the years the blockchain has been used for all kind of purposes already that I do not think there is much left to cover, so any developer truly interested in developing something new will find difficulties in finding a field in which their ideas have not been tried before, so good projects are now a minority, while useless coins that have no particular purpose to exist can be released in mass.