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Cryptocurrency discussions / Re: Do you still believe in old coins?
« Last post by MrSpasybo on Today at 09:26:20 PM »Honestly speaking, I did some research on old coins, and I discovered that most of the old coins started when the intensity of the hype that they did before and the others that became their ATH was too much when they started to enter the crypto space, then when there was a massive drop in price and they were no longer able to reach or surpass their previous ATHs.Yeah, many old coins from bullrun 2017 emerged during the ICO wave and were able to easily raise hundreds of millions of $ and set truly impressive ATHs: NEO, EOS, TRX, BCH... However, the value they brought to users in terms of both utility and growth potential was negligible during bullrun 2021. The same could happen in this bullrun for old coins from the bullrun 2021: SOL, NEAR, FTM, UNI... They have huge communities, but whales typically want to choose new tokens to make it easier to accumulate tokens, manipulate prices, and generate as much profit as possible. Only a few old coins that are truly attractive in terms of community, cash flow, and new narrative continue to be chosen for pumping and stand out in this harsh crypto market.
Although others continued to raise their tokens as time went by, others remained stagnant because they didn't do any innovation with their tokens, unlike ETH, which, even though it took a long time, the innovation was continuous.
I believe that when selecting tokens for their portfolios, investors should focus more on the profitability and growth potential of the ecosystem than on the age of the project and its token.