Question from a crypto noob

Hey guys.
Can anyone explain to me why this month is full of new cryptocurrencies that are launched daily?
Is that related to binance as it is now allowing anyone to create his own coin ?

My other and the most important questions is:
is this thing temporary or related to the time of the year ? I mean will there be more amd mlre new coins daily during the next months or year?

My last question is : do you think that there will be any regulations or moves that will stop the creation of new coins and investing in it .. or it is just started and will remain like this for few months or years ?

It is because you can create your own shitcoin in 15 minutes with no programming knowledge needed, using platforms like Waves DEX which is now not working I think.

xinase3501 said:

It is because you can create your own shitcoin in 15 minutes with no programming knowledge needed, using platforms like Waves DEX which is now not working I think.

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and do you think that this will last for months or years or there will be something that will stop people from creating shitcoins or investing in it ?

When something gets popular, everyone tries to jump on bandwagon

Digitly said:

When something gets popular, everyone tries to jump on bandwagon

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I didnt get it

goodbood said:

and do you think that this will last for months or years or there will be something that will stop people from creating shitcoins or investing in it ?

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Well it depends on how good you are in promoting your coin and getting people to pump your shitcoin in places like Reddit to get your shitcoin listed like on exchanges like binance would be great. Then register your shitcoin with the SEC and pray you do not get in a position where you will have to "pull the rug" and go into hiding as a multi millionaire..

Biden already tried to push a regulation against all coins, even shitcoins. He said he wanted to tax the people who have investments over 1mil in crypto. Many americans panic selled so that's why we had the drop of all coins the previous week