This Is Utter Madness
Last month was a crazy month for crypto considering the number of new crypto tokens launched. This graph tells you everything you need to know because what we had seen over the last few years with new token launches has been dwarfed within a few months.
The sad reality t makes no difference if it is a worthless meme coin or another coin with no utility this is diluting investment and value from other cryptocurrencies that have real use cases. Realistically if this is some new money involved then that money is lost when these new tokens fail.
I have read articles stating last month saw more than 1 million new blockchain tokens created and if that number is true what a waste of capital. can recall something similar happened during the last Bull cycle, but never on this scale so what kind of impact this has next year we will have to wait and see. Will we see the ATH's or will everything be slightly diluted? Most of these new tokens won't be listed on exchanges and will die a slow death so the impact they have may actually be nothing.
This puts your portfolio into perspective because maybe not everything is going to pump like we think it will. Those crypto projects that have a sound project with solid use cases will do well no matter what and I do think we need to make sure what we are holding and invested into is more than speculation.
The hope is people are smarter with their investments because only a certain percentage of crypto projects will do very well as these numbers are not sustainable. Anyone thinking that having an extra 200K or 1 million plus tokens is actually a good thing and they are going to all do well is misinformed.
We know how the money flow works in crypto and how it flows from Bitcoin all the way down to the low cap altcoins and back to Bitcoin and FIAT or stablecoins. Having so many new low capped altcoins today will tell you many projects will have to miss out when we see the peak prices being achieved. I do see this as an own goal being scored by crypto in general which is all fueled by greed.
Thankfully my investments are all backed by research which ultimately removes the unknown and guessing game which so many are gambling with their future returns. With so much on the line with how much can be made gambling should not be part of this. The 4 year crypto cycle is a serious business and wasting a cycle or two is kind of mad with so much money that is available ready to be made.
Posted Using InLeo Alpha
