One of the main criteria for a project to absolutely soar in the next bull cycle is staying relevant.
There are actually early signs to know if your favorite project can make a comeback or not.
𝙈𝙖𝙟𝙤𝙧 𝙎𝙥𝙤𝙞𝙡𝙚𝙧:
it doesn't have anything to do with the tech 👇
It may seem strange, but most crypto projects do not fail because the technology isn’t ground-breaking.
It's mostly because off:
• Marketing
• Timeline
• Criticism
• Rules
• Incidents
• Community
Lets see how to recognize these early.
1️⃣ MARKETING
You can have the single best product in the entire world and still fail.
A great project is a dead project if no one knows about it.
If you see no single efforts towards marketing (blogs, influencers, partners,...) the token will be dead soon.
2️⃣ TIMELINE
Missing a deadline is acceptable. Doing it all the time is not.
The team can be super smart and well skilled but terrible at managing a business.
Don't mistake brilliance for incompetence. Even if they are really great and friendly people.
3️⃣ CRITICISM
When founders and project leaders dodge criticism or fail to provide clear answers it's either a sign of secrecy or ignorance.
Even worse, some laugh it away!
4️⃣ RULES
When a project is decentralized, it means a fellow cannot just wake up one morning and change the rules.
Changing the rules of participation without the appropriate consensus is a sign of falsehood.
See a lot of sudden changes for better or for worse?
Huge red flag.
5️⃣ INCIDENTS
The market doesn't favor large incidents very well.
Quite often projects want to rebuild their protocol after they've met failure after failure.
Even with the right intentions projects usually don't recover.
Bitconnect, luna,... Anyone?
6️⃣ COMMUNITY
We all like to think strong fundamentals drive token value right?
In reality it's the community that does free marketing, answer questions and build reputation.
A strong community can succeed ANY project.
