Honestly I feel almost sick to my stomach looking at some of the charts because we know the tech was rock solid. Clearly the EOS and now Vultera deal is another fracture point but if we just look at WAX, Ultra, and Telos and look at the way the price has been pounded out. Gaming, the bridging tech, EVM implementation for Telos. I legit just shake my head because it is really good and the charts are diving so hard.
ICP is a similar thing. The chart just keeps diving and people are really losing it out there. The price action makes me puke'N sick even if I don't have a position in some of the chains but I know there was a community and it was good tech.
When we see some of these projects throwing in the towel and we are supposed to be in a Bull Market. If Alt Season doesn't legitimately happen I can't even imagine the bear market this time around.
I did a ton of brain storming on Real World Assets and some of these DAO taking down real estate or various other assets but the return is too slow with a lot of that.
Then I thought maybe the DAO could purchase hard money lending companies or buy stock portfolios. It's all plausible but no one has fully cracked the code to make a chain or ecosystem be evergreen.
I feel like to totally do it there are so many pieces to the equation and a lot of these projects have been more incentivized to just take the money instead of play the long game. The long game is tough. People have TikTok brain out there and are quickly forgetting about these projects it seems and unless there is a huge marketing campaign and the money for it we aren't seeing the price action.
I have had to play a big time long game with DTube.
I'm with you. I feel the same way with a lot of tokens I am invested in. CHEX is positioned to be a major player in the RWA space, but their token just dropped to the lowest point I have seen it in quite some time. It's freaking depressing. Then you have HIVE which should be a top 100 if not 50 token and it's just blah. VET is another one that should have a much higher value than it does. It has a use case that is actually being implemented right now by major retailers, yet it wallows down in the $.015 to $.02 range. It's definitely vomit inducing!