Several other tokens were eventually capitulated on. Ultimately most altcoins trend toward zero. The biggest issue is teams getting very wealthy; once vesting finishes, incentives to keep working often disappear
Long-term winners tend to be projects that generate positive cashflow as a dApp or chain, or where developers are rich enough to act as evangelists rather than work for pay.
Avoiding daily chart-watching is easier by focusing on projects with low-to-zero inflation, positive cashflow, and teams not primarily motivated by ongoing compensation.
Past cycles included capitulation decisions such as exiting $DOT at $21 after a run to $50 (despite mockery), selling $FLIP at $1.50 (now around $0.45), and derisking $Banana below $20 amid ridicule
Several other tokens were eventually capitulated on. Ultimately most altcoins trend toward zero. The biggest issue is teams getting very wealthy; once vesting finishes, incentives to keep working often disappear
Long-term winners tend to be projects that generate positive cashflow as a dApp or chain, or where developers are rich enough to act as evangelists rather than work for pay.
Examples include CZ with $Bnb and many BSC tokens, or, on a smaller scale, developers behind $Rune, $Ruji and $Vult
Avoiding daily chart-watching is easier by focusing on projects with low-to-zero inflation, positive cashflow, and teams not primarily motivated by ongoing compensation.
Past cycles included capitulation decisions such as exiting $DOT at $21 after a run to $50 (despite mockery), selling $FLIP at $1.50 (now around $0.45), and derisking $Banana below $20 amid ridicule