Bitcoin was the only one for something like six years and then Ethereum showed up. This opened us up to over 2000 cryptos.
While the rate of new currencies slowed over the last year. This is rather due to the bearish bear markets. In addition to increasing policies, formalities and regulatory pressures. So many startups are still trying to find new and strange solutions to solve a problem or the other using some form of cryptocurrency or token.
No adoption would leave us with a crypt full of coins and tokens that no longer signify anything. Some cryptocurrencies are good for high-value low-frequency transactions, some try to replace currencies for daily use by pointing exactly the opposite with the goal of minimizing commissions and increasing transaction speed, while others focus on privacy and anonymity of transactions and finally there are other platforms that are opening up a new world for developers to create distributed applications. Each currency is trying to bring something new to the table. And they are all adding to the literature on blockchain and crypto with their interesting stories, promises and mechanics.
There is no way to navigate between the great plethora of similar and identical projects, all doing something or the other by manipulating the blockchain technology for their own flag.
We live in a world where it is easy to forget and difficult to survive. The battles are brutal, the atmosphere is deadly and the war between them is fierce. There are more than a thousand ways to make a coin die. There is already a website dedicated to creating a list of dead coins.
The website lists all the death coins presented, along with the reasons for their death and their connection or the nature of the product. The cryptic world is full of ICOs that are nothing but schemes of ponzi, those of ICO that are nothing but scams, those of ICO that have disappeared into thin air.
Many coins are abandoned, this means that they are suddenly removed from Discord, the white paper disappears, websites are dismounted and development is cauterized. This is due to a lack of trust of the developers in their ideas, the lack of funds or the extravagant future of the industry in which people think at every step of the way if this is a safe career or would stop simply giving them a load of shit of lemons to face.
Time would perhaps say.