Do you think faucets are dying?

uptrendfinancialsignal

Well Known

Member

Nov 24, 2022

8,905

181

Dex

$0.004

Raw Dex

$0.121

• Mar 11, 2024

• #1

There are lots of challenges faced by faucets because the cryptocurrency market is dynamics and there are lot of evolvement but I will not say that it's dying just yet. However, the popularity of faucet is really decreasing but it is still very necessary to understand that it serve as a valuable entry point for anyone who is just coming into the cryptocurrency space.

 

R

Ratine

Notable

Member

Sep 5, 2022

3,435

48

Dex

$5.000

Raw Dex

$1.192

• Mar 11, 2024

• #2

For me l think the that the faucets are very useful resources especially for the beginners. They act as the welcoming tone in the cryptocurrency world for the truth of the matter.

 

flower

Notable

Member

Jan 9, 2023

4,978

86

Dex

$0.004

Raw Dex

$0.001

• Mar 11, 2024

• #3

The number of engagement that we got on faucet are reducing drastrically because there are so many cryptocurrency projects that are more rewarding and more attractive than the faucet .

 

T

timewo

Notable

Member

Jul 30, 2022

2,713

212

Dex

$0.160

Raw Dex

$0.813

• Mar 29, 2024

• #4

Though the faucets pay very less they are the easiest way for a person who is new to cryptocurrency to make some money which can be invested or used for making payment.

 

Starmix

Popular

Member

Sep 2, 2022

29,644

3,691

Dex

$0.000

Raw Dex

$0.594

• Mar 29, 2024

• #5

Faucets will never be dying. It continues to evolve. It will strike at at a certain time and make a break into the world if crypto. Faucets are also valuable assets of cryptocurrency.

 

S

Stardom22

Very Familiar

Member

Sep 1, 2022

12,758

563

Dex

$6.000

Raw Dex

$0.542

• Mar 29, 2024

• #6

For me l do think that faucets are dying a natural death. This is because most people often get tired of the sluggishly earning feature of the venture for that matter.

 

K

King Belieal

Notable

Member

Oct 26, 2023

2,552

44

Dex

$0.401

Raw Dex

$0.101

• Jul 9, 2024

• #7

I don't think there is anyone that would really devote his or her time to be claiming faucets any longer.

 

T

timewo

Notable

Member

Jul 30, 2022

2,713

212

Dex

$0.160

Raw Dex

$0.813

• Jul 20, 2024

• #8

The faucets are a good way to make some quick money, since many websites do not pay users despite spending time.

 

freelancermaria

Well Known

Member

Oct 24, 2022

5,245

224

Dex

$0.000

Raw Dex

$3.011

• Aug 6, 2024

• #9

I do not believe they are going away soon. I think faucets are here to stay. It is a pretty good way to make some extra cash.

 

eldavis

Very Familiar

Member

Sep 4, 2022

14,570

657

Dex

$0.000

Raw Dex

$1.389

• Aug 6, 2024

• #10

For some persons yes, but I do not think they are dying. I believe they can still be very useful.

 

Golden9

Notable

Member

Sep 6, 2022

1,886

143

Dex

$0.000

Raw Dex

$1.375

• Aug 10, 2024

• #11

uptrendfinancialsignal said:

There are lots of challenges faced by faucets because the cryptocurrency market is dynamics and there are lot of evolvement but I will not say that it's dying just yet. However, the popularity of faucet is really decreasing but it is still very necessary to understand that it serve as a valuable entry point for anyone who is just coming into the cryptocurrency space.

Click to expand...

Most people who made decent money from faucets worked on them when Bitcoin price was low and you could even accumulate up to 1,000 satoshis per day.

That's impossible now, so a lot of faucets are slowly loosing members who want proportional value for the work they put in.

 

K

King Belieal

Notable

Member

Oct 26, 2023

2,552

44

Dex

$0.401

Raw Dex

$0.101

• Aug 11, 2024

• #12

I think that so many people see faucets as not worth their time and won't bother with it.