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Scrolling through the top 500 crypto projects by market capitalization on CoinMarketCap reveals a market in conflict. The list is full of plenty of ambitious projects that can positively contribute to and solve real-world challenges. These are projects like Cardano, ArWeave, Mina, and Ergo. They’re woven in between projects that offer nothing new. These projects are a copy of existing coin contracts with a small parameter change, such as Shiba Inu, Shiba Floki Inu, SafeMoon, Million Token, and so on. These projects are simple Solidity contracts that require no technical expertise. They provide no real-world value and are focused exclusively on marketing. It reveals how financially immature those investing in cryptocurrencies are. What’s insane is that some people fully understand the lack of any fundamentals in those projects, but bet that there will be enough hype-based interest to buy into the token for the price to rise.
Scrolling through the top 500 crypto projects by market capitalization on CoinMarketCap reveals a market in conflict. The list is full of plenty of ambitious projects that can positively contribute to and solve real-world challenges. These are projects like Cardano, ArWeave, Mina, and Ergo. They’re woven in between projects that offer nothing new. These projects are a copy of existing coin contracts with a small parameter change, such as Shiba Inu, Shiba Floki Inu, SafeMoon, Million Token, and so on. These projects are simple Solidity contracts that require no technical expertise. They provide no real-world value and are focused exclusively on marketing. It reveals how financially immature those investing in cryptocurrencies are. What’s insane is that some people fully understand the lack of any fundamentals in those projects, but bet that there will be enough hype-based interest to buy into the token for the price to rise.