Crypto Industry Sees 5,300 Tokens Launched Daily in 2024
In 2024, the cryptocurrency industry averaged 5,300 new tokens launched daily, totaling over 540,000 new tokens by early April, according to CoinGecko. This surge poses challenges for investors in distinguishing promising projects.
Andrey Baral, CEO of PrimeLink, emphasizes:
- Many projects fail due to hasty launches without proper analysis.
- PrimeLink focuses on foundational investment strategies, aiming for sustainable solutions rather than quick profits.
- The platform conducts thorough due diligence and ensures compliance before project launches.
- Projects must demonstrate real utility, clear tokenomics, and market demand to attract investor interest.
- Regulatory frameworks are necessary for user protection and market growth.
- Baral advocates for prioritizing real-world problem-solving over short-term gains in the crypto space.
Looking ahead, PrimeLink aims to bridge Web2 and Web3 by connecting projects with trusted partners, enhancing their potential for sustainable growth amid evolving regulatory landscapes.