2026-01-13 18:49:40

The growth rate of tokens in the crypto market is quite outrageous. According to the latest data, as of mid-January, the total number of cryptocurrencies worldwide has surpassed 29.91 million, with an increase of 620,000 in just one month, and over 1.57 million new coins have flooded in over the past 30 days.

It sounds like a huge number, but the reality is—most of these new coins are just products of testing ideas or short-term trends, with little practical application value. What’s the result? Prices collectively plummet, and investors get trapped. This proliferation reflects a problem: while lowering the barrier to create tokens, it also reduces market quality. Projects with real potential are more likely to be buried in the noise.

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quiet_lurker

· 7h ago

2.99 million types of coins? I just want to ask, how long will it take to keep farming wool? There are so many trash coins that they drown out quality projects, this is the current state of the industry. Low-threshold coin creation, high risk of getting trapped, old tricks. Really good projects have long been buried; it all depends on who has the sharper eye.

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GasFeePhobia

· 17h ago

2.99 million tokens? That's hilarious. How many of them are just scam coins? Trash coins are everywhere, and good projects are ignored. Low barriers indeed ruined everything. Now creating a coin is easier than farming sheep. Added 1.57 million? In a month? Isn't this market crazy? It's just another batch of tools for harvesting retail investors. The real projects have already been buried, leaving only copy-paste tokens. These numbers sound impressive, but in reality, 99% are dead coins.

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ForkLibertarian

· 01-13 19:19

2.99 million types of coins? Laughable, even paper money doesn't have that many variations. 62,000 new coins a month, averaging over 2,000 a day. This isn't a market; it's a garbage dump. It's the same old rhetoric, low-threshold democratization and all that, but in reality, retail investors lose everything. Projects with real potential have already been buried, and now it's all just copied and pasted shitcoins. The tool library for harvesting retail investors in the crypto world has added another 1.57 million? The speed is incredible. Rather than saying it's rampant, it's more like a Ponzi scheme industrialized production, with pretty numbers.

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Anon4461

· 01-13 19:15

2.99 million coins? That's hilarious. How many of them are shit coins? It's impossible for every one to have value; it's just a scam to harvest retail investors. A bunch of new coins, but only a few can survive, that's the current situation. Low barriers to entry are a double-edged sword; there are many projects but poor quality. I think it's impossible to choose now; it's all noise.

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MEV_Whisperer

· 01-13 19:14

Wow, 29.91 million types of coins? That's a lot of trash, no wonder you're getting cut every day. 62,000 new coins a month, just treating them like toys. That's why I only focus on the top few, the rest are just money giveaways. The crypto space should have set a clear threshold long ago, or it will always be noise. Real projects have already been buried, it's all just shitcoins running rampant. 1.57 million new coins flooding in? Laughable, most will go to zero next week.

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DecentralizeMe

· 01-13 19:13

The crypto world has really become a garbage dump, with new coins being bombarded every day. I'm already mentally exhausted. This number looks outrageous; nine out of ten are probably worthless tokens, right? Another batch of retail investors got trapped. Low barriers to entry mean low quality—simple and crude. Every time they say they will clean up the industry, but what happens? It's still chaos. 1.57 million new coins in a month—who can handle that? The real projects are being drowned out, and that's the problem. There are too many trash coins, and good projects are overlooked.

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FudVaccinator

· 01-13 19:07

Really, these numbers are frightening, but more than half are probably scam coins. That's how the crypto world is; the low barrier to entry means no one values it. Another batch of newbies is about to get caught in the scam. There's too much noise, and good projects are indeed easy to get drowned out, which is the most heartbreaking. New coins are exploding every day, indicating the market has been oversaturated for a while. How long will this wave of retail investor harvesting last?

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GateUser-e87b21ee

· 01-13 18:54

Garbage coins are flooding the market, it's really unplayable now 1.57 million new coins in a month? This is probably a scam factory for harvesting retail investors The gold rush era is over, now it's all about digging pits Good projects are sinking, copycat coins are everywhere, it's outrageous Those who can identify good coins must have become millionaires by now

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