RE: Must Altcoins Die Before Next Bull Run Can Begin?

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Must Altcoins Die Before Next Bull Run Can Begin?

in cryptocurrency •  6 years ago 

Will all the alt-coins disappear ? I don't thinks so but I think that there will be a massive cull. To survive an alt-coin needs to have some kind of USP and I do not believe that all the 2116 coins currently listed on coinmarket cap all have some unique USP that will power them to success. IMHO they are all correlated to BTC and the longer BTC remains in a bear market or just consolidates at low levels the more alt-coins will disappear.

cryptocurrency
6 years ago by

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      ·  6 years ago 

    To survive an alt-coin needs to have some kind of USP.

    Nope, just need a community. Someone is always going to own those coins. Even if a coin has zero development (say an ERC-20 token) the community that owns that coin is different from the others, promoting decentralization. Meanwhile, advances on the main chain and applications like MetaMask will keep being developed, giving the "dead altcoin" even more value.

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