During my research on blockchain topics I stumbled upon several upcoming and running ICO's, Presales or whatever you would call them. And friends who are into it always recommend some new coins to invest in.
I mean there are already nearly a thousand out there. At least the total currency list at coinmarketcap shows 840! Ok, a lot of them never got traction, but still.. There are only around 180 official (analog) currencies in the world.
And I know about a dozen actually running presales, not to speak of the upcoming ones.
Its hard to imagine that any new coin or token and the network behind can add something new. Not that anyone would be able to compare all of these. I'll be happy if I remember what the top 30 could be used for.
There seems to be shift from locally restricted all-purpose currencies to international one-purpose currencies, like Steem for blogging or SiaCoin for cloud hosting. Just that there are much more purposes than countries. I guess the uncertainty of which digital currency will rule them all (Bitcoin??) in the future will lead to a further rise in currencies, as every new blockchain project will release its own.
I just realised that its getting harder to keep track of all currencies, especially while trading, investing or mining. Never had so many wallets in my life ;)
Thats just some food for thoughts as this question touched my mind tonight. You're welcome to share yours on the topic..
