The market is filled with L1 "empties"
Almost 90% of L1 blockchains are empties, and some have cool investors like - A16z, Multicoin Capital, etc.
At this stage, and in the market as a whole, this no longer matters. Yes, there are cool investors, yes, promising roadmaps, and it seems that this project has a good future - but the market doesn't care about that. Because once again, I say - 90% and more are "Empties"
The cryptocurrency market has turned into a casino! Who will get lucky and where? One after another, projects are scamming, there is a cleaning of these empties, and in the end, only the most resilient will remain. And it doesn't matter what cool investors a project has - the market doesn't care!
Nothing to add, don't need to do anything (buy back, average down) because at any moment your favorite coin can turn out to be a SCAM!!!
Almost 90% of L1 blockchains are empties, and some have cool investors like - A16z, Multicoin Capital, etc.
At this stage, and in the market as a whole, this no longer matters. Yes, there are cool investors, yes, promising roadmaps, and it seems that this project has a good future - but the market doesn't care about that. Because once again, I say - 90% and more are "Empties"
The cryptocurrency market has turned into a casino! Who will get lucky and where? One after another, projects are scamming, there is a cleaning of these empties, and in the end, only the most resilient will remain. And it doesn't matter what cool investors a project has - the market doesn't care!
Nothing to add, don't need to do anything (buy back, average down) because at any moment your favorite coin can turn out to be a SCAM!!!
