Fundamentals vs sentiment

There is a great disparity between both so let’s talk.

Once upon a time I read up on this digital transaction technology called Bitcoin and I said to myself “this is the obvious evolution of finance”. I think Bitcoin was 50cent at the time? Not sure but I was young at the time and tried to buy some to no avail because the wallets back then were too complex for younger me(they had to be created in a notepad using coding). So, from a fundamental perspective, Bitcoin was an obvious better vehicle of transportation than the archaic systems already in place.

Fast forward to the modern day and even Bitcoin looks archaic now. We have blockchains capable of hundreds of thousands of TPS but Bitcoin has the highest mcap due to sentiment. Ethereum was once an Evolution in itself but EGLD is far superior yet ethereum reigns supreme due to sentiment.

The thing about sentiment is that it is a temporary affinity based on expected returns on investment but fundamentals are eternal and ever improving. Greed holds back progression and this market is a great example of that.

In the same way tradfi has made every attempt to hold back defi we have an enemy within this market holding back progression. How can we ever evolve if we allow the hindering of new technologies?

Gary gensler stated that this market is mostly driven by sentiment and we have proven him right. Congratulations crypto community, we have allowed ourselves into the jaws of our oppressors.

If we focused on fundamentals then EGLD would replace ethereum, Xrp would replace bitcoin and ICP would be at a much higher mcap than it currently is. I don’t hold most of the cryptos I mentioned but facts are facts and I can’t deny them. I should mention that hbar and algorand Are also undervalued based on fundamentals and so is OXT.

Enjoy the last leg of the bull run in the coming months guys and try not to give in to the exchange manipulation in the mean time. I wish prosperity for holders of every crypto regardless.