I totally agree with you @lawrenceho84 there are so many similar coins coming out on the market that it will water down the demand. I am not saying they wont succeed but there are no indications that one over any other will be the leader in the future. Will be interesting to watch none the less
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That's y we need to choose the better ones like eos steem and eth. They have better chances of success rather than blindly follow the hype into new ico.