Every single day there are new coins entering into the market promising to “revolutionize” this and “solve” that and while their technology may be able to accomplish what they promise, how are we to keep up with the ever expanding list of cryptos that have "exciting" tech?
Right now on coinmarketcap there are over 5000 listed cryptocurrencies, and that list grows everyday. To me it has gotten to the point where it is overwhelming to do research and read the white papers of so many coins looking for the next big crypto. Every time a post on some random forum about this new coin with more “revolutionary” tech I get anxious that I need to fill my bags with some of it but when I dig deeper I find that I can’t distinguish this new coin from the dozens I had read about that week.
Will competition weed out the coins with the weaker tech? How long will it be till this occurs?
Sorry for the rant! Comment your thoughts on this below, I’m open to discussing this.