Why are there so many cryptocurrency?

[Enxx]

Since the creation of bitcoin and after that, many cryptocurrency have been created also. But back then like 10 years ago, there are only few of them, but nowadays there are many, that we sometimes don't know which one to invest on. What is your idea that there are many cryptocurrency?

 

[Bisolami]

Since the creation of bitcoin and after that, many cryptocurrency have been created also. But back then like 10 years ago, there are only few of them, but nowadays there are many, that we sometimes don't know which one to invest on. What is your idea that there are many cryptocurrency?

This question has never popped on my mind and I don't even have an answer for it but I would also love to know why we have a lot of cryptocurrencies.

 

[Chibson]

cryptocurrencies have different problems they are solving. except for shitcoins there are good cryptocurrencies that solve different kinds of problems. And new innovations also brings about different kinds of cryptocurrencies.

 

[nomad]

More than 90 percent of cryptocurrencies are just trying to make money, they do not follow the true sentiments behind the creation of crypto.

 

[Imran Noori]

As many people watched Bitcoin's success, they wanted to start something similar.

 

[hastral45]

From the beginning, it had been established that cryptos are decentralized digital currency which means it is not controlled or regulated by any government or financial institutions. Therefore, there would be more and more coins springing up daily.

 

[flower]

There are so many cryptocurrencies in the crypto-currency market this is simply because the cryptocurrency is indeed a wonderful place where people make a lot of profit.

 

[uptrendfinancialsignal]

There are many cryptocurrencies project that are springing up everyday because this type of business is very lucrative.

 

[gammarays]

There is no central body regulating crypto so anyone anywhere can mint token. Maybe there needs to be a standard that requires each project to register as a firm and pass verification before they can mint tokens.

 

[Reedex]

It shouldn't be a surprise that there are so many cryptocurrency in the crypto space because any niche that is growing would experience a lot of development.

 

[flower]

It shouldn't be a surprise that there are so many cryptocurrency in the crypto space because any niche that is growing would experience a lot of development.

It is true that there are lots of developments in the crypto space .

 

[Reedex]

There are so many cryptocurrency in the crypto world and is indeed a good investment platforms that you will love to try.

 

[uptrendfinancialsignal]

There are so many cryptocurrency in the crypto world and is indeed a good investment platforms that you will love to try.

It is true that it is a good place to invest because you have a verieties of cryptocurrencies to pick from.

 

[Yohanna]

There are so many cryptocurrency that you would always want to keep trying.

 

[flower]

There are so many cryptocurrency that you would always want to keep trying.

It is very correct that there are lot of cryptocurrency is flocking the crypto market.