With the domination of bitcoin of more than 60% and most of the alts dragged like a lame horse, the feeling of retail on the cryptography market reached new stockings. An previously fast innovative space has become a reproductive land for the trade in memes, scams and professional exhaustion.
After a decade of growth and development, the market seems to have lost its way, chasing stories and prioritizing short -term gains on sustainable growth and authentic innovation.
Co-founder of NFT NOW, Alejandro Navia, published,
“After 10 years of crypto and trading, I have to approach what is currently happening in our space. It is not only another market cycle – it is something much more worrying. »»
Macro analyst and renowned investor Lyn Alden commented, commented,
“Most cryptocurrency requests have no real large-scale economic fundamentals. This is why after four cycles, Altcoin’s account is “memes”, that is to say that the joke is that there is no story and that everything is player-player. »»
Real projects cannot compete with the pump and the dumps
The problem is multifaceted. The trading of parts even has become a Sprint 24/7, where investors are “late” if they have not overwhelmed in a token within 15 minutes of its launch, and long -term holding is a question of ‘hours. Just ask Trump’s official investors of 800K who lost more than $ 2 billion when the token dumped 65% a few hours after the launch.
The rupture layer window for memes currency gains has created a culture filled with FOMO and bad investment decisions. Scams and carpet prints have become endemic, and honey pots and pure and simple frauds are “narcotic”.
According to Navia, even experienced merchants are exhausted from the constant rotation and the endless parade of “Next Big Things”, while real projects are struggling to compete with pumps and waste. “We burn manufacturers who pursue a dragon that does not exist. Real projects cannot compete with pumps and waste pretending to be “communities”.
The crypto market needs a return to the fundamentals
How can we make crypto again great (MCGA)? The market must return to the fundamentals; An emphasis on sustainable growth rather than continuing rapid profits. Supporting the manufacturers and real projects with real uses of use is crucial for the long -term health of the market, and community -focused responsibility is essential to eliminate scams.
“We have to start having honest conversations on where we are heading,” he says, “it will get worse before he improves.”
