Part 6/14:
A revealing metric is the valuation of various blockchain networks per user. Most chains are overvalued by traditional standards, with Polkadot at $2.3 million per user—an indicator that these projects might be overhyped or overextended, emphasizing the importance of cautious evaluation and due diligence.
Additionally, upcoming token unlocks—periods where project team tokens are released into circulation—pose risks, as large unlocks often correlate with downward price pressure. For example, tokens like Meme, World Mobile, dYdX, and others face significant unlock events this week, potentially exacerbating volatility.