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Author Topic: Which utilities will survive the bear market  (Read 255 times)
danherbias07
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May 04, 2022, 08:54:29 AM
 #41

If it's only easy to erase some of them like meme coins then it could've been a better economy for both blockchain and exchange projects.
Yes, those two are what I think will be left if ever there will be a cleansing.
But the problem is the utilities that are mostly trash are being supported. I don't know how but I guess that's what makes us humans. We have our own opinions while some are doing it for their supported coin to pump up and reap the rewards afterward leaving the new investors with less or nothing.

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May 04, 2022, 02:32:38 PM
 #42

What type of crypto utility do you think will survive in this coming bear market? Some are saying most layer 1 blockchain projects will fail what about the likes of launchpad platforms, or we should just focus on metaverse only? Since metaverse isn't even close to perfection yet I think 💭 they may actually lead the way in future, what is your thoughts on this?.
There are always new trends in crypto. You can try and ride those trends or invest in the L1 projects that those DApps are running on. The most promising L1's in my opinion are the internet computer and Celo.
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May 16, 2022, 09:53:32 AM
 #43

Just learned from ape, GMT and some shit tokens in the market. Hype is far more important than utility. I have been seeing so many tokens with various utility cases but none of these coins have achieved multi billions marketcap like utrust, crypterium and many more. These tokens meant nothing compared with the new tokens that got very big hype like APE, GMT and many more. I just remind you that if GMT has no usecase and it's worth multi billions of marketcap right now. We can take a very important lesson from there if hype is the main thing to make the token become a big thing.
Hype will only run the project for so long so the owners can make big bag of cash and dump on their investors and bail out. The investors will never know what hit then until it is too late. These recent shitcoins have been doing that and will follow suit in a few months too. Basically another method of a HYIP/MLM scheme in the name of cryptocurrency.

Huge minion squads can help pump such coins, but the wiser folk will sell their holding and exit when the euphoria is high. It does not imply that every such coin will be a scam, but majority are.

Also CRPT and Utrust are useful coins, I hope to see them in better conditions in future. But my coin of choice will always be bitcoin.

R


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