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Topic: Is this the end or only the beginning (Read 432 times)

full member
Activity: 602
Merit: 102
Trident Protocol | Simple «buy-hold-earn» system!
August 03, 2022, 11:26:50 PM
#73
Yes it is, because it will take a long time when one project wants to be labeled as a successful project. In fact many of the new projects are only successful at the beginning, but after a while they are no different than junk coins.
I don't think it's great for beginners, because sometimes even those who have been in the cryptocurrency for a long time are stuck at a loss. Again, prudence in analyzing is an important factor, besides that sometimes we have to hold back on our ambitions even though we are sure of what we can from the research carried out.
It's rare for new projects to stay successful, usually they're only successful at the start, then just disappear along the way. As you said, people who have been in cryptocurrency for a long time are also stuck in the project, especially for those who are new to cryptocurrencies, this is why it is very important to understand the concept of the coin journey thoroughly, otherwise we will be stuck in a short understanding
That's why it's quite risky to talk about a new project where we don't know what the project will look like,
This is true because analyzing it without paying attention to the correct rules is not enough,
it's not easy to hold on to that ambition
That's why the importance of basic knowledge regarding crypto as a whole, because the development of new projects usually uses almost the same method, to maintain that ambition, some knowledge is needed, so that when a new project starts to launch, we have the knowledge to analyze
hero member
Activity: 2814
Merit: 526
Undeads.com - P2E Runner Game
August 03, 2022, 01:23:38 PM
#72
How many projects will rug pull in 2022? There are many projects that will face the same fate as Luna project but I believe we are able to raise voice on Luna CEO because he is popular and well known, what about projects with invincible CEO? There are tons of Defi and metaverse projects with invincible team, I think their case will be much worse than what we've seen.
Most of the new projects are actually falling to the ground if they don't have strong community and team to even start and even then they have strong community and teams it doesn't mean that they will have a chance to just run away with investors money if they want to and we have seen that a lot of time in here if they are not serious about their projects.
hero member
Activity: 2268
Merit: 579
Vave.com - Crypto Casino
August 03, 2022, 08:38:07 AM
#71
I do not think that this is the end of alt coins. I firmly believe alt coins are here to stay. On the other hand this is the time for many companies to exit while the market is down.
There is no doubt in my mind that many companies will not remain financially solvent throughout this coming recession. In my opinion, some companies closing their doors is not an indication that alt coins will go away but perhaps a sign that the market will change.

The altcoin market is always like that, always changing after each bear cycle and as we can see through the many cycles of the market, we have more and more serious and promising altcoin projects.

The altcoin market is a very important part of the crypto industry, an integral part, every innovation, new technology comes from the altcoin market. While investing in altcoins is riskier than bitcoin, its potential cannot be denied.
sr. member
Activity: 1428
Merit: 252
August 03, 2022, 08:37:19 AM
#70
Although the market has not recovered, but in my opinion this is normal, even when in 2017 the Red Market it takes about 3 years to recover, and we enter the negative period not a year and see the price movements that occurred I was sure it did not take long to recover soon.
sr. member
Activity: 1400
Merit: 268
Fully Regulated Crypto Casino
August 03, 2022, 08:22:03 AM
#69
What happened to Luna is not just fate, at best it was a flaw on their system foundation that is exploited by some whale, at worst their founder purposely designed the flaw an then collaborating with some people to make one of the biggest fraud in cryptocurrency history. Whatever happened to Luna, I believe that most of the top rank crypto project right now is actually trying to give solution, I won't say that they are completely honest, but at least most of them are actually trying to solve actual problem.
copper member
Activity: 2268
Merit: 539
LuckyDiamond.io - FLAT 50% Deposit Bonus!
August 03, 2022, 07:42:01 AM
#68
How many projects will rug pull in 2022? There are many projects that will face the same fate as Luna project but I believe we are able to raise voice on Luna CEO because he is popular and well known, what about projects with invincible CEO? There are tons of Defi and metaverse projects with invincible team, I think their case will be much worse than what we've seen.

The best thing we can do in this scenario is just avoiding investing in these coins.
Just simply ignore this projects if you love your hard earned money.
Also if you want quick profits from this penny projects, then better do gambling to earn great profits in shorter period of time.
These types of projects are only made to profit the owner, so it’s better to keep these projects in sides.
sr. member
Activity: 1890
Merit: 252
The OGz Club
August 03, 2022, 07:23:00 AM
#67

The number of successful new projects is not included in the category of success, because of the many launched, only a few are able to provide a level of success, that's a reference that people hold and that is the occurrence of new project freming, without making an analysis and find out first before Enter too far.

For me it is not a problem to take a role in a new project, but must have a development that is close to the word success, this is only interesting for us to enter further. Therefore, basic knowledge is needed to make an analysis, so that we are not trapped in the wrong project.
Yes it is, because it will take a long time when one project wants to be labeled as a successful project. In fact many of the new projects are only successful at the beginning, but after a while they are no different than junk coins.
I don't think it's great for beginners, because sometimes even those who have been in the cryptocurrency for a long time are stuck at a loss. Again, prudence in analyzing is an important factor, besides that sometimes we have to hold back on our ambitions even though we are sure of what we can from the research carried out.
That's why it's quite risky to talk about a new project where we don't know what the project will look like,
This is true because analyzing it without paying attention to the correct rules is not enough,
it's not easy to hold on to that ambition
sr. member
Activity: 1701
Merit: 308
August 03, 2022, 07:21:54 AM
#66
If the current state of the market is of course many projects that are experiencing financial problems and they must be able to survive until later they will find a safe zone, and I am sure that many large projects have a good team and they will definitely maintain their projects as much as possible, and they definitely do not want to suffer the same fate as the LUNA project, hence the current price drop is indeed very difficult to maintain in a project.
full member
Activity: 602
Merit: 102
Trident Protocol | Simple «buy-hold-earn» system!
August 03, 2022, 01:37:24 AM
#65
It is difficult to count the number of projects that will develop and die in the middle of the road, because a lot of those who continue to appear, both Defi, Metaverse and Luna have almost the same team and development, the CEO's popularity level cannot guarantee that they are easy to develop the project, because for some people it is not the key to seeing the success of the project, so the three models have different levels

We really have to get used to the many new projects that have sprung up, that's because the crypto world always has a lot of trends.
And most of the new projects that are circulating usually end up being scams. Therefore, I am not surprised to know that many projects
will die in 2022. Moreover bear market is likely to last throughout the year. This has finally made many investors hesitate to enter the market
in the current market situation. It's not even a guarantee that a project that has a popular development team can continue to grow and survive.

For example, with what happened to LUNA, no one expected that this year LUNA could experience a very drastic price decline. Even LUNA has
harmed many investors, even though LUNA has a popular development team and a pretty good track record. But it is proven that
the popular development team does not guarantee that we can get profit from the project. In the end we have to be careful in choosing
potential projects, really do research and analysis properly, to avoid investing in the wrong projects. The most important thing is not to trust
other people's opinions when choosing projects for investment. Because the best we really have to rely on ourselves in choosing good projects.
it's not wrong when many people start trying on new projects, this is something new and must be followed, but can all this go according to our wishes, doesn't everyone enter this space to seek profits and minimize the risk as small as possible, Luna is an example most of the failures of new existing projects, knowledge and caution are needed to carry out investments here


Not all new projects are bad investment choices, because there are some new projects that are good and have a clear function. So it's not wrong
if we want to invest in new projects, but the problem is finding good new projects is very difficult. Because based on the results of my investigation,
the majority of the new projects in circulation are not worth buying, and just copycat the previous project. I mean than we end up choosing
the wrong projects and lose the money we have, we better take safe steps not to invest in new projects. Unless we have good analytical skills and
are also experienced in the crypto world, we can try investing in new projects. But if we do feel lack of knowledge and experience, even our
analytical skills are not too good. So it's better to just focus on investing in Bitcoin and Ethereum which are very safe, because investing in Bitcoin
and Ethereum is less risky than new projects. In addition Bitcoin and Ethereum will usually always recover no matter how deep the price drops,
most importantly we can patiently wait until Bitcoin and Ethereum reach the price target we want.
The number of successful new projects is not included in the category of success, because of the many launched, only a few are able to provide a level of success, that's a reference that people hold and that is the occurrence of new project freming, without making an analysis and find out first before Enter too far.

For me it is not a problem to take a role in a new project, but must have a development that is close to the word success, this is only interesting for us to enter further. Therefore, basic knowledge is needed to make an analysis, so that we are not trapped in the wrong project.
sr. member
Activity: 1652
Merit: 262
June 11, 2022, 10:09:24 PM
#64
In the cryptocurrency world, it is very anonymous, no one knows the CEO's data if he hides it, for example, if you see a similar project managed by the same admin, they only have their project names, without including their real names and original photos on their website, it's very dangerous. because it is advisable to research the project first before we actually invest. But I think it's better to stay away from DeFi which hides who their team is.
those are some of the weaknesses in the crypto world, when there is cheating from the developer, then we will not know what will happen next because all data in crypto from personal data to transactions are all anonymous and difficult to trace. For example, even if it is brought to law, it doesn't seem like it will come to light because the crypto world is actually a risk.

but this is not the end, seeing the recent trend of NFT, I think this will make the crypto market bounce back.
legendary
Activity: 2590
Merit: 1882
Leading Crypto Sports Betting & Casino Platform
June 11, 2022, 06:20:47 PM
#63
The altcoin projects will always exist and will be very huge, as everything that is coming, which are the metaverses, are growing, within the metaverses there will be projects and those projects will surely enter the . ICO, NFT and all those who believe, in fact I think that the Erc-20 network could happen in a good way because the scalability and everything that has to do with the high fees could have turned out a bit, so I think it is not the end, I think it is the beginning of an era that is within the metaverses and without the metaverses the projects will continue in the same way.
jr. member
Activity: 840
Merit: 6
June 01, 2022, 07:18:46 AM
#62
How many projects will rug pull in 2022? There are many projects that will face the same fate as Luna project but I believe we are able to raise voice on Luna CEO because he is popular and well known, what about projects with invincible CEO? There are tons of Defi and metaverse projects with invincible team, I think their case will be much worse than what we've seen.
There will be less rugs as more regulation comes in. Fortunately for investors looking for returns right now, there are a lot of projects that have been around for 2+ years that haven't exit scammed and can be deemed blue chip investments, like HBAR, Polygon, ICP, and Celo for example.
legendary
Activity: 3122
Merit: 1032
#1 VIP Crypto Casino
June 01, 2022, 01:30:26 AM
#61
I do not think that this is the end of alt coins. I firmly believe alt coins are here to stay. On the other hand this is the time for many companies to exit while the market is down.
There is no doubt in my mind that many companies will not remain financially solvent throughout this coming recession. In my opinion, some companies closing their doors is not an indication that alt coins will go away but perhaps a sign that the market will change.
sr. member
Activity: 1876
Merit: 318
It is difficult to count the number of projects that will develop and die in the middle of the road, because a lot of those who continue to appear, both Defi, Metaverse and Luna have almost the same team and development, the CEO's popularity level cannot guarantee that they are easy to develop the project, because for some people it is not the key to seeing the success of the project, so the three models have different levels

We really have to get used to the many new projects that have sprung up, that's because the crypto world always has a lot of trends.
And most of the new projects that are circulating usually end up being scams. Therefore, I am not surprised to know that many projects
will die in 2022. Moreover bear market is likely to last throughout the year. This has finally made many investors hesitate to enter the market
in the current market situation. It's not even a guarantee that a project that has a popular development team can continue to grow and survive.

For example, with what happened to LUNA, no one expected that this year LUNA could experience a very drastic price decline. Even LUNA has
harmed many investors, even though LUNA has a popular development team and a pretty good track record. But it is proven that
the popular development team does not guarantee that we can get profit from the project. In the end we have to be careful in choosing
potential projects, really do research and analysis properly, to avoid investing in the wrong projects. The most important thing is not to trust
other people's opinions when choosing projects for investment. Because the best we really have to rely on ourselves in choosing good projects.
it's not wrong when many people start trying on new projects, this is something new and must be followed, but can all this go according to our wishes, doesn't everyone enter this space to seek profits and minimize the risk as small as possible, Luna is an example most of the failures of new existing projects, knowledge and caution are needed to carry out investments here


Not all new projects are bad investment choices, because there are some new projects that are good and have a clear function. So it's not wrong
if we want to invest in new projects, but the problem is finding good new projects is very difficult. Because based on the results of my investigation,
the majority of the new projects in circulation are not worth buying, and just copycat the previous project. I mean than we end up choosing
the wrong projects and lose the money we have, we better take safe steps not to invest in new projects. Unless we have good analytical skills and
are also experienced in the crypto world, we can try investing in new projects. But if we do feel lack of knowledge and experience, even our
analytical skills are not too good. So it's better to just focus on investing in Bitcoin and Ethereum which are very safe, because investing in Bitcoin
and Ethereum is less risky than new projects. In addition Bitcoin and Ethereum will usually always recover no matter how deep the price drops,
most importantly we can patiently wait until Bitcoin and Ethereum reach the price target we want.
full member
Activity: 1484
Merit: 101
Don't be pessimistic when you see the market is red, this is a good opportunity to buy, I'm not worried about my assets dropping, in fact the last few days I invested MATIC, FTM, CAKE and several altcoins that have the potential to skyrocket soon,
sr. member
Activity: 1246
Merit: 263
SmartFi - EARN, LEND & TRADE


There are many projects that will face the same fate as Luna project but I believe we are able to raise voice on Luna CEO because he is popular and well known, what about projects with invincible CEO? There are tons of Defi and metaverse projects with invincible team, I think their case will be much worse than what we've seen.
Invincible CEO? I don't know what does that mean. Anonymous team you mean?
Whatever that means, Luna CEO is bullshit. He scammed many investors and he just created a new blockchain like nothing happened. Raise voice on Luna CEO? How? He is an arrogant CEO who scammed many people just because many investors exposed the weakness of his old project.
He is a blatant scammer, he should be investigated and judged. Just by creating a version of Luna2.0 and announcing the airdrop to compensate for the previous loss to investors, he got away with being a fraudster. People were too lenient with him.
legendary
Activity: 2506
Merit: 1394
How many projects will rug pull in 2022?
(....)
I am also convinced that there is always a bear market on the market, it's because for sure to eliminate some projects that are frauds or scams.
Even in the last bear market 2017 - 2018, a lot of projects lost almost 90% of their value from the initial prize.
It will also become a lesson for most people, especially for those newcomers and greedy people.
full member
Activity: 602
Merit: 102
Trident Protocol | Simple «buy-hold-earn» system!
How many projects will rug pull in 2022? There are many projects that will face the same fate as Luna project but I believe we are able to raise voice on Luna CEO because he is popular and well known, what about projects with invincible CEO? There are tons of Defi and metaverse projects with invincible team, I think their case will be much worse than what we've seen.
It is difficult to count the number of projects that will develop and die in the middle of the road, because a lot of those who continue to appear, both Defi, Metaverse and Luna have almost the same team and development, the CEO's popularity level cannot guarantee that they are easy to develop the project, because for some people it is not the key to seeing the success of the project, so the three models have different levels

We really have to get used to the many new projects that have sprung up, that's because the crypto world always has a lot of trends.
And most of the new projects that are circulating usually end up being scams. Therefore, I am not surprised to know that many projects
will die in 2022. Moreover bear market is likely to last throughout the year. This has finally made many investors hesitate to enter the market
in the current market situation. It's not even a guarantee that a project that has a popular development team can continue to grow and survive.

For example, with what happened to LUNA, no one expected that this year LUNA could experience a very drastic price decline. Even LUNA has
harmed many investors, even though LUNA has a popular development team and a pretty good track record. But it is proven that
the popular development team does not guarantee that we can get profit from the project. In the end we have to be careful in choosing
potential projects, really do research and analysis properly, to avoid investing in the wrong projects. The most important thing is not to trust
other people's opinions when choosing projects for investment. Because the best we really have to rely on ourselves in choosing good projects.
it's not wrong when many people start trying on new projects, this is something new and must be followed, but can all this go according to our wishes, doesn't everyone enter this space to seek profits and minimize the risk as small as possible, Luna is an example most of the failures of new existing projects, knowledge and caution are needed to carry out investments here

How many projects will rug pull in 2022? There are many projects that will face the same fate as Luna project but I believe we are able to raise voice on Luna CEO because he is popular and well known, what about projects with invincible CEO? There are tons of Defi and metaverse projects with invincible team, I think their case will be much worse than what we've seen.
It is difficult to count the number of projects that will develop and die in the middle of the road, because a lot of those who continue to appear, both Defi, Metaverse and Luna have almost the same team and development, the CEO's popularity level cannot guarantee that they are easy to develop the project, because for some people it is not the key to seeing the success of the project, so the three models have different levels
What I believe to be true is that CEO's of projects are the main reason why they are not liked and go up in the long run. I mean think about it, there is someone at the top of a project, what happened with decentralization? I prefer the ones that have nobody.
I get that there used to be decentralized networks with influential people, like ETH is decentralized but Vitalik has influence, but these are not even like that, these are like CEOs that end up deciding everything, doing everything, and that is how they approach the market as well and just switch anything they want with their project. I am sorry but that is not a good thing and hurts the market and the project.
In contrast to the cases that we often see with events that have occurred in the past, there was once a famous project based on decentralized utilities, but now project development is enough with the hope of the community and others. influential like Vitalik for example can boost a project to be better, I quite agree with the reasons you gave
legendary
Activity: 3318
Merit: 1128
How many projects will rug pull in 2022? There are many projects that will face the same fate as Luna project but I believe we are able to raise voice on Luna CEO because he is popular and well known, what about projects with invincible CEO? There are tons of Defi and metaverse projects with invincible team, I think their case will be much worse than what we've seen.
It is difficult to count the number of projects that will develop and die in the middle of the road, because a lot of those who continue to appear, both Defi, Metaverse and Luna have almost the same team and development, the CEO's popularity level cannot guarantee that they are easy to develop the project, because for some people it is not the key to seeing the success of the project, so the three models have different levels
What I believe to be true is that CEO's of projects are the main reason why they are not liked and go up in the long run. I mean think about it, there is someone at the top of a project, what happened with decentralization? I prefer the ones that have nobody.

I get that there used to be decentralized networks with influential people, like ETH is decentralized but Vitalik has influence, but these are not even like that, these are like CEOs that end up deciding everything, doing everything, and that is how they approach the market as well and just switch anything they want with their project. I am sorry but that is not a good thing and hurts the market and the project.
hero member
Activity: 2702
Merit: 716
Nothing lasts forever
How many projects will rug pull in 2022? There are many projects that will face the same fate as Luna project but I believe we are able to raise voice on Luna CEO because he is popular and well known, what about projects with invincible CEO? There are tons of Defi and metaverse projects with invincible team, I think their case will be much worse than what we've seen.

What you have said is absolutely true. Sooner or later most of the coins without a purpose are gonna collapse.
It's not about the team but the particular product for which the project was built.
If the project is not sustainable then it will crash no matter how good the team is.
There are many projects which have the same utility as others and all of them will probably get dumped.
full member
Activity: 585
Merit: 100
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it doesn't start now but since DeFi started in 2020 they have been operating to intend to take most of the investors' money by way of rugpulls. Even until now no one can accurately predict the rugpull project, until the dev of the rugpull project itself has never been found. The thing we need to avoid is if the project never updates their team work progress, I think that's enough to prove they are a scam.
MiF
sr. member
Activity: 1442
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Reward: 10M Shen (Approx. 5000 BNB) Bounty
How many projects will rug pull in 2022? There are many projects that will face the same fate as Luna project but I believe we are able to raise voice on Luna CEO because he is popular and well known, what about projects with invincible CEO? There are tons of Defi and metaverse projects with invincible team, I think their case will be much worse than what we've seen.
Building a project is really hard this time market is down most of the investors will never buy the token if projects team held an ICO to collect funds. They will surely move the ICO date or postpone it till the market become stable. For now most of the investors well really watch the market and make a different analysis about perfect time to buy.
legendary
Activity: 2492
Merit: 1001
Leading Crypto Sports Betting & Casino Platform
for the case of rugpull on crypto projects, I think it's very much before 2022, so I think it's a common thing in crypto investment, that's why we need to do some research.
while for LUNA, LUNA did make a lot of negative effects on the crypto world when the project crashed, it caused a lot of panic, not even a few investors tried to solve this legally. Because of this, the CEO of LUNA is still trying to fix the problem he created. this can be a threat to other projects so as not to make a scam project, or rug pull. however, current events can serve as a lesson, and one of bad history for crypto users. However, people learn from failure, so I think that another big project will try to do better than this one.
sr. member
Activity: 1876
Merit: 318
How many projects will rug pull in 2022? There are many projects that will face the same fate as Luna project but I believe we are able to raise voice on Luna CEO because he is popular and well known, what about projects with invincible CEO? There are tons of Defi and metaverse projects with invincible team, I think their case will be much worse than what we've seen.
It is difficult to count the number of projects that will develop and die in the middle of the road, because a lot of those who continue to appear, both Defi, Metaverse and Luna have almost the same team and development, the CEO's popularity level cannot guarantee that they are easy to develop the project, because for some people it is not the key to seeing the success of the project, so the three models have different levels

We really have to get used to the many new projects that have sprung up, that's because the crypto world always has a lot of trends.
And most of the new projects that are circulating usually end up being scams. Therefore, I am not surprised to know that many projects
will die in 2022. Moreover bear market is likely to last throughout the year. This has finally made many investors hesitate to enter the market
in the current market situation. It's not even a guarantee that a project that has a popular development team can continue to grow and survive.

For example, with what happened to LUNA, no one expected that this year LUNA could experience a very drastic price decline. Even LUNA has
harmed many investors, even though LUNA has a popular development team and a pretty good track record. But it is proven that
the popular development team does not guarantee that we can get profit from the project. In the end we have to be careful in choosing
potential projects, really do research and analysis properly, to avoid investing in the wrong projects. The most important thing is not to trust
other people's opinions when choosing projects for investment. Because the best we really have to rely on ourselves in choosing good projects.
sr. member
Activity: 2282
Merit: 470
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I don't think LUNA is a rugpull but maybe a coordinate attack I'm not sure how many rug pull projects will be here with a lot of people looking at crypto as an opportunity of investment and greedy people who wanted to take advantage of innocent new investors. I'm pretty sure this is not the last coin that will crash to almost 100%
sr. member
Activity: 2436
Merit: 343
How many projects will rug pull in 2022? There are many projects that will face the same fate as Luna project but I believe we are able to raise voice on Luna CEO because he is popular and well known, what about projects with invincible CEO? There are tons of Defi and metaverse projects with invincible team, I think their case will be much worse than what we've seen.
It was the fact that not all crypto projects will dare to survive along with the tough market competition, many will give up and become an exit scam, like Terra Luna.

ICO, IEO, NFT, metaverses...many of them are become worthless after a month, a year on their launch. Well, it is sad to say that as the market grow fast, many people were also trying to take advantage of the market to set a scam plan. Countless projects have died already but still, a lot more are coming. It was a big challenge to determine potential and legit projects that is why we can hear people complaining about being scammed.
sr. member
Activity: 2282
Merit: 439
Cashback 15%
From the very beginning of the decentralised finance hype, you could have guessed what the final outcome would be. Many defi, play2earn, nft projects are about to go to zero. The trend towards the collapse of such projects has already begun. Even TRX is creating a huge fund to support their algorithmic stablecoin usdd. That already speaks a lot. So they too are worried about the perspective of collapse. History always repeats itself. Before it was ico, now new names. But the meaning is the same.
hero member
Activity: 2170
Merit: 530
Obviously it's hard to predict how many projects are going to be rug pull this year nevertheless the negativity arround crypto industry is creating barrier between its growth which obviously can't be vanished anytime but we must always remember that there are so many positive factors of crypto currencies which indicates its bright future hence I believe there is no end, there are many positive things to come in crypto currency space. The massive adoption graph of Bitcoin and some other good altcoins incidents positive signs so there might be a good future of crypto currency space.

I am sure those project who just only create their own just because of hype or just because they just want to turn their brand into crypto, they will fail, I have seen many of them and unfortunately I become a mod of one of the project that I said, I advice them to make a back up plan and strategic plan but then they are just after the profit that they will make, they are good in coding and some other stuffs related to technology but they lack in marketing plans.
full member
Activity: 602
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Trident Protocol | Simple «buy-hold-earn» system!
How many projects will rug pull in 2022? There are many projects that will face the same fate as Luna project but I believe we are able to raise voice on Luna CEO because he is popular and well known, what about projects with invincible CEO? There are tons of Defi and metaverse projects with invincible team, I think their case will be much worse than what we've seen.
It is difficult to count the number of projects that will develop and die in the middle of the road, because a lot of those who continue to appear, both Defi, Metaverse and Luna have almost the same team and development, the CEO's popularity level cannot guarantee that they are easy to develop the project, because for some people it is not the key to seeing the success of the project, so the three models have different levels
member
Activity: 1021
Merit: 12
People like that will have no end in cryptocurrency if they leave cryptocurrency or even repent then there will be more new ahat people appear who are ready to steal our assets every project they make. There is no way to stop that, as technology develops, crime also gets worse. The only thing we can do is really analyze so that our assets are not stolen by them.
legendary
Activity: 2576
Merit: 1043
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How many projects will rug pull in 2022?
We are near halfway of the year already and there are many new projects that are doing rug pull. The latest one is DecentraWorld, an NFT game where the developers rug pulled the investors leaving to them a worthless token. How many more? There will be many in the future. I can't give an exact number obviously but if you want to avoid getting rug pulled, focus on investing in the more trust worthy tokens. Focus investing in the top tokens.

There are many projects that will face the same fate as Luna project but I believe we are able to raise voice on Luna CEO because he is popular and well known, what about projects with invincible CEO? There are tons of Defi and metaverse projects with invincible team, I think their case will be much worse than what we've seen.
Invincible CEO? I don't know what does that mean. Anonymous team you mean?
Whatever that means, Luna CEO is bullshit. He scammed many investors and he just created a new blockchain like nothing happened. Raise voice on Luna CEO? How? He is an arrogant CEO who scammed many people just because many investors exposed the weakness of his old project.
member
Activity: 1204
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Obviously it's hard to predict how many projects are going to be rug pull this year nevertheless the negativity arround crypto industry is creating barrier between its growth which obviously can't be vanished anytime but we must always remember that there are so many positive factors of crypto currencies which indicates its bright future hence I believe there is no end, there are many positive things to come in crypto currency space. The massive adoption graph of Bitcoin and some other good altcoins incidents positive signs so there might be a good future of crypto currency space.
jr. member
Activity: 114
Merit: 1
How many projects will rug pull in 2022? There are many projects that will face the same fate as Luna project but I believe we are able to raise voice on Luna CEO because he is popular and well known, what about projects with invincible CEO? There are tons of Defi and metaverse projects with invincible team, I think their case will be much worse than what we've seen.
But come to think of it, only bitcoin remain the decentralized cryptocurrency, all other cryptocurrencies are not decentralized. There are over 20000 cryptocurrencies and many of them are not good coins to hold. Many of them do not have utility purpose. But luna is just one of its kind and a present failed project which could later inceease in price there is nothing impossible. If you want to use a coin that is not very volatile, you can use bitcoin.

Am i reading that Bitcoin is not that much valetile  Roll Eyes
newbie
Activity: 14
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USDT is required for fiat coins to enter the crypto blockchain world, DAI is the bank of the crypto world, both are required. For a very long time, coexistence is required.
hero member
Activity: 3066
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Leading Crypto Sports Betting & Casino Platform
I think that you re thiking so fast about this will become the end for crypto. The fact that if market must have experienced the bearish trend. In my opinion if this bearish trend will be last for a year. That means if you must not think this will come to its end very soon. As you can see the market was still in the panic mode and so many people are still buying and selling during the bearish trende. Luna is a thing that was also contributing to trigger the market.
hero member
Activity: 1400
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In my opinion, not all projects created in 2022 are rugpull, they need a long process to be able to increase their trading volume, it's just that maybe developers should be more forced to work well so they can create projects that are useful for the community and can trigger price increases owned product.
Yes, I myself have thoughts in that direction, more and more projects are being made but are not clear, you can even call it a scammer. The ease of creating new projects is one of the problems I think, because everyone can do that for the purpose of personal gain to the detriment of others. Now we have to be extra wary of emerging projects.
jr. member
Activity: 168
Merit: 4
Especially this NFT projects, few many had embezzled and scammed investors of their hard earned money using p2e NFT to disguise. I literally don't think scam would come to an end in this crypto space, we all just need to be careful.
legendary
Activity: 1974
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Free Free Palestine
How many projects will rug pull in 2022? There are many projects that will face the same fate as Luna project but I believe we are able to raise voice on Luna CEO because he is popular and well known, what about projects with invincible CEO? There are tons of Defi and metaverse projects with invincible team, I think their case will be much worse than what we've seen.
We really can't tell, and since we are in a bear market, maybe there will be projects who thinks that they can't make money out of this cycle so much better if they will rug pull and disappear with investors money.

And probably this is will continue, as Luna has set a precedence, and this whole Defi thingy will most likely be the next one to rug pull. So the lesson is just to be very careful right now of our hard earn money specially investing in new projects.
Just like what you said, things are still going. Luna is just the one who started it and it won't stop there. On May 25th, the price of YFII token was unexpectedly heavily dumped, the price dropped from 1,200 to as low as $320 in just 15 minutes, or 74% of the value. Lots of predictions DFI's team decided to rugbull and leave their project.

We are having bad days in the market, best stay away from new projects, focus more on bitcoin and top altcoins to avoid painful losses.
sr. member
Activity: 2240
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SOL.BIOKRIPT.COM
How many projects will rug pull in 2022? There are many projects that will face the same fate as Luna project but I believe we are able to raise voice on Luna CEO because he is popular and well known, what about projects with invincible CEO? There are tons of Defi and metaverse projects with invincible team, I think their case will be much worse than what we've seen.
Luna does not have invincible team but that does not shift our focus researching the team and avoid anonymous team. We should be very carefull with all those young CEO, not everyone can be Vitalik. Aniother interesting new about A16 selling 80% of asset prior to crash could indicate the inside information asses. Except for projects that have gone through 2 cycles with strong the community and hype, everyone should ride to bull market and dump.
full member
Activity: 1582
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BK8 - Most Trusted Gambling Platform
How many projects will rug pull in 2022?
We cannot count them, maybe so many projects will rug pull, moreover, the one that has no fundamentals or even the new projects

There are many projects that will face the same fate as Luna project but I believe we are able to raise voice on Luna CEO because he is popular and well known
Even if they cannot rise up again this will not be easy. they face a difficult situation and they are likely satrting from the beginning again.

Is this the end or only the beginning
This era is the starting of the bearish era, well let's enjoy this bearish era and try to collect more money to be sued for buying Bitcoin in the bearish time and hold them for long time until facing the next bullish era again
staff
Activity: 2436
Merit: 2347
Definitely for many projects, a deep bearish trend will turn into a scramble and doom. This is part of the crypto market, because during a hype there are always a lot of projects that are worthless and crypto winter should filter out worthwhile projects from those that are worthless. Those that survive the global downtrend will develop further. One of the main metrics of project viability and prospects is the participation of funds, the vesting table, as well as the correspondence of the roadmap and implemented functions in the project.

let's admit the fact that a lot of these projects have the main intention of rug pulling when they develop the project. how many do you think have the sincerity to achieve their target objectives in this market to the point that they can sacrifice some of their personal funds? i don't think they are many of them. most are just collecting money for their retirement funds.
no one will definitely admit their true intentions but we will see it on how they progress with their developments. if they are just pure words or promises, and no output, better get out while you can. it is your own instincts that will tell you something is turning out to be wrong eventually.

This we cannot know for sure, just as we cannot be sure about the behind-the-scenes games of the funds that invested in the project and the project team. I have repeatedly encountered such manipulations, which were planned in advance and all the conditions were created for a certain category of investors. As an example, I will take the Kintsugi project, which quietly conducted a listing and did not even announce it on its media platforms. As a result, while the main group of investors was in the dark, they already managed to sell out and dump the tokens at a high price. The community was unhappy with such a move and the team was hit with a wave of abuse on Discord, for which they started to ban users of the channel.

In the same way, they can stall by prior arrangement with a group of investors in order to fit some event under a certain date or something like that. The crypto industry is the wild west in the investment world, and they can use the dirtiest methods against the crowd here.
full member
Activity: 824
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PredX - AI-Powered Prediction Market
Luna is probably the beginning and will lead to a series of projects facing similar situations. In recent days, YFII, COPE have also brought a sense of fear to investors. Although in the current market's difficult context, I still believe that there will be some impetus for some new trends to form and maintain the plan. Personally, I think this period is up to limit participation in altcoins to reduce risk, and it will still be BTC that we need to hold more of in crypto assets, but we still need to be on the lookout for more dire situations right now.
hero member
Activity: 2982
Merit: 610
How many projects will rug pull in 2022? There are many projects that will face the same fate as Luna project but I believe we are able to raise voice on Luna CEO because he is popular and well known, what about projects with invincible CEO? There are tons of Defi and metaverse projects with invincible team, I think their case will be much worse than what we've seen.
Countless numbers, perhaps we don't just know and notice of their leaving/exit scam.
At this time, we could not sure which one is trustworthy among these new projects. Many of them look promising but later on, they will turn scam like Luna. This is the reason why we should be smart in choosing projects to invest, putting some guideline is very helpful,
 - must have a backup exchange/platform
 - govern with strong and reputable team members
 - high liquidity
member
Activity: 61
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I heard that in 2018 bear market tons of altcoins vanished into thin air and many loses volume and liquidity which turn to dead project later, I am guessing the same thing will happen this time too, if you are planning to invest in crypto right now you are doing it wrongly, hold your horses and wait for some time, see how many altcoisn will be left behind in a bloody market and start making your choices.
hero member
Activity: 2548
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#SWGT CERTIK Audited
In my opinion, not all projects created in 2022 are rugpull, they need a long process to be able to increase their trading volume, it's just that maybe developers should be more forced to work well so they can create projects that are useful for the community and can trigger price increases owned product.
legendary
Activity: 3654
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www.Crypto.Games: Multiple coins, multiple games
I am not sure if there will be tons of other ones but I am sure that it won't be as much as people think it will be. I know that it will be a bit of a problem at some time but it will be just like 2021 and 2020 and the same. I just think that wee should not be considering the rug pull projects as a problem. They have been here for many years and they will continue to be here and everything will be the same.

We haven't gone down this much from any other rug pull before, Luna caused the whole market to go down and that is a rare situation but I am sure that no matter what happens with the rug pulls, the bitcoin long term trajectory is great.
sr. member
Activity: 700
Merit: 250
Vave.com - Crypto Casino
How many projects will rug pull in 2022? There are many projects that will face the same fate as Luna project but I believe we are able to raise voice on Luna CEO because he is popular and well known, what about projects with invincible CEO? There are tons of Defi and metaverse projects with invincible team, I think their case will be much worse than what we've seen.

This is why it’s a good idea to buy bitcoin & other major established alts. Smaller, less known alts are a major risk, we saw what happened with LUNA & there’s always a chance of this.
Luna is one of the top 10 on CMC, it's not smaller. What happened to Luna can show us that any altcoin can crash even the top altcoins.  Holding the top altcoins only reduces our risk to shitcoins but doesn't mean they'll be as safe as bitcoin.
sr. member
Activity: 1610
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www.licx.io

There are tons of Defi and metaverse projects with invincible team, I think their case will be much worse than what we've seen.


Metaverse is a revolutionary project with countless ICOs coming out, every new day every new project, and new creators are being discovered. While there are many projects created, some may end in fraud or failure. The importance of minimal basic analysis lies in ourselves if the rush to invest in cryptocurrencies is no safer than investing in traditional assets. In the end, whether you make money or lose it completely.
sr. member
Activity: 1386
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I feel the same way as you.  Luna has become a time but the best coin of the year.  Many said it was Tera Lunar year.  But for their mistake, this is the state of the Tera Luna project.  Today Tera Luna has seen their bad condition and corrected all the mistakes of the rest of the currency.
hero member
Activity: 2072
Merit: 656
royalstarscasino.com
How many projects will rug pull in 2022?
We don't know exactly, but the projects with high FUD or the shitcoins that pump because of hype only will be easily rug pull.
So far, we have seen several tokens and coins rug pull, moreover with the situation of the last incident of Luna.
But we cannot still predict which one will be following. Hopefully, this will not be the top coins.
If they are shitcoins, I don't care because they are likely common to having this.
Btw, this is the end of the bullish era and the bearish market has started. Lets wait and see, be prepared with the ebarish market. No need to panic actually ebcause we haveever xperinced it in 2017.
sr. member
Activity: 1624
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Buzz App - Spin wheel, farm rewards
I don't follow the news about it so I don't know for sure but there may be many projects that have the same fate as Luna's project. Such projects will still happen today and in the future, because cryptocurrencies can attract many investors to invest in their projects. These investors become targets for scammers who try to deceive those investors. If we are not careful, we can become the next target and lose the money we have invested.
Such is the risk of cryptocurrencies and we must acknowledge the fact that in addition to being profitable on the other hand, it also has big risks and we never know,
a project like that certainly never ends and it's true you said that we need to be careful,
what is important before making a decision do research and analysis first
before we start our investment in cryptocurrency we must understand about its risk, is it suitable with our investment character or not. some people courage to take high risk in order to gain huge return, but some of them not. Nah for those didn't accept must understand it early before everything late. knowledge about risk and reward management was important for us. cryptocurrency looks interesting for some people , but when they know completely how this market work maybe few of them will survive.
sr. member
Activity: 1890
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The OGz Club
I don't follow the news about it so I don't know for sure but there may be many projects that have the same fate as Luna's project. Such projects will still happen today and in the future, because cryptocurrencies can attract many investors to invest in their projects. These investors become targets for scammers who try to deceive those investors. If we are not careful, we can become the next target and lose the money we have invested.
Such is the risk of cryptocurrencies and we must acknowledge the fact that in addition to being profitable on the other hand, it also has big risks and we never know,
a project like that certainly never ends and it's true you said that we need to be careful,
what is important before making a decision do research and analysis first
hero member
Activity: 2436
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Cryptocasino.com
then you just stick with the famous altcoins like ETH, BNB and the likes that have famous team behind the project.
although the price for all of these coins are already high enough but doesn't necessarily means they not gonna score some high return of investment just like any other smaller capitalization altcoins.
Instead they are the ones that have bigger chance of having the first bullish run if the bearish trend has finally subsided, the thing with some low market cap altcoins is that they always have the chance of being rugpulled so as i've said, altcoins like BNB and ETH have zero chance of doing that.
hero member
Activity: 2870
Merit: 594
How many projects will rug pull in 2022? There are many projects that will face the same fate as Luna project but I believe we are able to raise voice on Luna CEO because he is popular and well known, what about projects with invincible CEO? There are tons of Defi and metaverse projects with invincible team, I think their case will be much worse than what we've seen.
We really can't tell, and since we are in a bear market, maybe there will be projects who thinks that they can't make money out of this cycle so much better if they will rug pull and disappear with investors money.

And probably this is will continue, as Luna has set a precedence, and this whole Defi thingy will most likely be the next one to rug pull. So the lesson is just to be very careful right now of our hard earn money specially investing in new projects.
legendary
Activity: 3122
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
Definitely for many projects, a deep bearish trend will turn into a scramble and doom. This is part of the crypto market, because during a hype there are always a lot of projects that are worthless and crypto winter should filter out worthwhile projects from those that are worthless. Those that survive the global downtrend will develop further. One of the main metrics of project viability and prospects is the participation of funds, the vesting table, as well as the correspondence of the roadmap and implemented functions in the project.

let's admit the fact that a lot of these projects have the main intention of rug pulling when they develop the project. how many do you think have the sincerity to achieve their target objectives in this market to the point that they can sacrifice some of their personal funds? i don't think they are many of them. most are just collecting money for their retirement funds.
no one will definitely admit their true intentions but we will see it on how they progress with their developments. if they are just pure words or promises, and no output, better get out while you can. it is your own instincts that will tell you something is turning out to be wrong eventually.
legendary
Activity: 3304
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#1 VIP Crypto Casino
How many projects will rug pull in 2022? There are many projects that will face the same fate as Luna project but I believe we are able to raise voice on Luna CEO because he is popular and well known, what about projects with invincible CEO? There are tons of Defi and metaverse projects with invincible team, I think their case will be much worse than what we've seen.

This is why it’s a good idea to buy bitcoin & other major established alts. Smaller, less known alts are a major risk, we saw what happened with LUNA & there’s always a chance of this.
staff
Activity: 2436
Merit: 2347
Definitely for many projects, a deep bearish trend will turn into a scramble and doom. This is part of the crypto market, because during a hype there are always a lot of projects that are worthless and crypto winter should filter out worthwhile projects from those that are worthless. Those that survive the global downtrend will develop further. One of the main metrics of project viability and prospects is the participation of funds, the vesting table, as well as the correspondence of the roadmap and implemented functions in the project.
member
Activity: 1027
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I think the decline in the crypto market is now at its end, where in the near future the crypto market will recover and will return to the bullrun market, where from my analysis almost most of the tokens/coins have survived the decline and many coins have turned green , I suggest that for those of you who want to start investing in crypto, this is the right time to buy some tokens that have good potential.
hero member
Activity: 2702
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I don't request loans~
Rugpull projects will NEVER leave the scene. I don't think you've seen scammers leave on trying to scam people, naturally people will produce projects that would rug pull their users whether we want it or not. Luna isn't exactly the first of them but it is one of the recently most well-known due to the number of investors involved. And honestly, rug pulls are a risk that's always a part of investing. There have been scenarios where seemingly proper projects were rug pulled by the creators after what, 3,4 years? So even if the userbase was built up, it isn't a guarantee that the owners wouldn't suddenly leave their users.
hero member
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Leading Crypto Sports Betting & Casino Platform
I don't follow the news about it so I don't know for sure but there may be many projects that have the same fate as Luna's project. Such projects will still happen today and in the future, because cryptocurrencies can attract many investors to invest in their projects. These investors become targets for scammers who try to deceive those investors. If we are not careful, we can become the next target and lose the money we have invested.
hero member
Activity: 3066
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Leading Crypto Sports Betting & Casino Platform
what about projects with invincible CEO? There are tons of Defi and metaverse projects with invincible team, I think their case will be much worse than what we've seen.
that can be called as anon project which has been running by unknown developers. I personally believe if any anon project is having a high probability to be the next scam project, there are bunch of scam projects already gone but again mostly of media were only posting the projects that can attract the traffic and they are rarely mentioning low cap project that was going to be soft rugpull. The latest news was about dewo which has been stealing whole of liquidity.
There would be some but these scam projects have not exposed yet
legendary
Activity: 3318
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Leading Crypto Sports Betting & Casino Platform
It's not easy to count them all.
There are small projects that are doing rugpull that we don't see being reported at any crypto-related news outlet or forums.
I joined one of them months ago (I forgot the name of it.) It's obvious to be a rugpull but the team keeps on blaming it on the whales who bought the coin at a cheaper price, then sold it after it was pumped. Yet, they discontinue the project and just gone declaring bankruptcy.
The key not to be traced was being anonymous. We don't have any idea where he is.
This is just the beginning. More will come.
hero member
Activity: 2268
Merit: 507
How many projects will rug pull in 2022?
I thought that if you can't even counter it. There are bunch of projects were doing hard and soft rugpull during 2022.


There are many projects that will face the same fate as Luna project but I believe we are able to raise voice on Luna CEO because he is popular and well known, what about projects with invincible CEO? There are tons of Defi and metaverse projects with invincible team, I think their case will be much worse than what we've seen.
I do agree with it but luna was in the different case. At least the ceo didn't wanna to run away from his responsibility with his project. he knows that if he will be facing legal action and he can't hide from the investors. So many defi got hacked but i rarely seen a metaverse project that was collapse. It seems like metaverse was the best one for now.
jr. member
Activity: 45
Merit: 1
How many projects will rug pull in 2022? There are many projects that will face the same fate as Luna project but I believe we are able to raise voice on Luna CEO because he is popular and well known, what about projects with invincible CEO? There are tons of Defi and metaverse projects with invincible team, I think their case will be much worse than what we've seen.
But come to think of it, only bitcoin remain the decentralized cryptocurrency, all other cryptocurrencies are not decentralized. There are over 20000 cryptocurrencies and many of them are not good coins to hold. Many of them do not have utility purpose. But luna is just one of its kind and a present failed project which could later inceease in price there is nothing impossible. If you want to use a coin that is not very volatile, you an use bitcoin.

After Terra (LUNA), I heard that $YFII has decreased in price by up to 70% (although as of today the price of YFII is rising again). All of this may have happened because of the loss of confidence in projects with a background in Finance, which have a very high APY.
Still luna will be the fail of the year. An altcoin can fall 70% when bitcoin has already falled over 50%. Altcoins are always more volatile. What about coins like doge that has falled 1000% since ATH.
You are right, Bitcoin remains the true decentralized project, just imagine if other projects can build their projects on BTC smart contract, I think this is what will end up happening few years from now, it's why I am looking into Sovryn and other.
hero member
Activity: 1974
Merit: 856
May 26, 2022, 07:55:08 AM
#9
How many projects will rug pull in 2022? There are many projects that will face the same fate as Luna project but I believe we are able to raise voice on Luna CEO because he is popular and well known, what about projects with invincible CEO? There are tons of Defi and metaverse projects with invincible team, I think their case will be much worse than what we've seen.

I don't really think that rug pull is the right word in relation to what happened with Terra (Luna). A rug pull is when a team or a single dev of a project is suddenly removing all the liquidity from a pool on sushiswap or pancakeswap for example which means the token can not be traded anymore and the scammer has more of the token that was paired with his own rug pull token for example ETH or USDT or something like that.
The Devs of Terra Luna did no rug pull. The sell pressure on UST just became to high so it could not hold it's peg to real USD anymore. This then caused the panic selling of a lot of nervous investors which of course made things only worse and lead to the complete downfall of the Terra ecosystem. If we have months or even years of a bear market ahead of us, then i am sure that a lot of smaller projects will have a hard time to survive.
I was thinking exactly the same. It seems some people use rugpull or "to rug" as a synonym for a price crash of coins or tokens.
Apart from that we are in a bear market. It might go on for another 6 months, maybe even longer. After that we will see whether we have new innovations that can fuel another bull cycle or not. Stablecoin regulation might be coming soon too, which could be another problem for crypto in general.
copper member
Activity: 2156
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Part of AOBT - English Translator to Indonesia
May 26, 2022, 06:44:31 AM
#8
How many projects will rug pull in 2022? There are many projects that will face the same fate as Luna project but I believe we are able to raise voice on Luna CEO because he is popular and well known, what about projects with invincible CEO? There are tons of Defi and metaverse projects with invincible team, I think their case will be much worse than what we've seen.

in fact not just in 2022 that project got rug pull the other year from the beggining of token there is dozennn of rug pull maybe you can see rug pulled / scam project in a month or two.

anonymous team make easy to rug pull project hahah its obvious even you know the name most likely they are fake

and the answer of this Is this the end or only the beginning

it can be both beggining or ending its always depend on you, i mean welcome to crypto maybe in couple month we will see bearish moment that yes can make insane if you full time job crypto like i do feel like this is the end

but it can also beginning you can buy lot of crypto at discounted price and learn from scam project so we dont fall at same hole
sr. member
Activity: 2296
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Vave.com - Crypto Casino
May 26, 2022, 06:39:25 AM
#7
In the cryptocurrency world, it is very anonymous, no one knows the CEO's data if he hides it, for example, if you see a similar project managed by the same admin, they only have their project names, without including their real names and original photos on their website, it's very dangerous. because it is advisable to research the project first before we actually invest. But I think it's better to stay away from DeFi which hides who their team is.
sr. member
Activity: 1722
Merit: 269
May 26, 2022, 05:43:32 AM
#6
How many projects will rug pull in 2022? There are many projects that will face the same fate as Luna project but I believe we are able to raise voice on Luna CEO because he is popular and well known, what about projects with invincible CEO? There are tons of Defi and metaverse projects with invincible team, I think their case will be much worse than what we've seen.

I don't really think that rug pull is the right word in relation to what happened with Terra (Luna). A rug pull is when a team or a single dev of a project is suddenly removing all the liquidity from a pool on sushiswap or pancakeswap for example which means the token can not be traded anymore and the scammer has more of the token that was paired with his own rug pull token for example ETH or USDT or something like that.
The Devs of Terra Luna did no rug pull. The sell pressure on UST just became to high so it could not hold it's peg to real USD anymore. This then caused the panic selling of a lot of nervous investors which of course made things only worse and lead to the complete downfall of the Terra ecosystem. If we have months or even years of a bear market ahead of us, then i am sure that a lot of smaller projects will have a hard time to survive.
hero member
Activity: 3038
Merit: 634
May 26, 2022, 05:18:12 AM
#5
How many projects will rug pull in 2022?
Too many to count.

The recent that I know of is the monkeypoxinu. Well, the name itself clearly says that don't invest on it. It's just made newly and was made after the new disease that's been on the news and currently spreading in some countries.

There are many projects that will face the same fate as Luna project but I believe we are able to raise voice on Luna CEO because he is popular and well known, what about projects with invincible CEO? There are tons of Defi and metaverse projects with invincible team, I think their case will be much worse than what we've seen.
I think this is the worst of them all.

Just weeks after reaching its ATH, the price totally dumped to 100% and I considered it worst because it's one of the top coins and seemed to be reputable.
hero member
Activity: 3052
Merit: 651
May 26, 2022, 05:08:02 AM
#4
It's not a new dilemma in the crypto industry. Before, ICO project do want their team to be anonymous for the reason of protecting themselves. The reality is they want to mimic what Satoshi did which is not applicable in this era anymore. We want transparency and as much as possible we want to know them using means like video calls or other options.
It would be best to stay on those kind of projects. There might be some anonymous teams who are doing great in this NFT era but there is the risk factor included in it which is rugpull anytime.
legendary
Activity: 1624
Merit: 1200
Gamble responsibly
May 26, 2022, 04:19:23 AM
#3
How many projects will rug pull in 2022? There are many projects that will face the same fate as Luna project but I believe we are able to raise voice on Luna CEO because he is popular and well known, what about projects with invincible CEO? There are tons of Defi and metaverse projects with invincible team, I think their case will be much worse than what we've seen.
But come to think of it, only bitcoin remain the decentralized cryptocurrency, all other cryptocurrencies are not decentralized. There are over 20000 cryptocurrencies and many of them are not good coins to hold. Many of them do not have utility purpose. But luna is just one of its kind and a present failed project which could later inceease in price there is nothing impossible. If you want to use a coin that is not very volatile, you an use bitcoin.

After Terra (LUNA), I heard that $YFII has decreased in price by up to 70% (although as of today the price of YFII is rising again). All of this may have happened because of the loss of confidence in projects with a background in Finance, which have a very high APY.
Still luna will be the fail of the year. An altcoin can fall 70% when bitcoin has already falled over 50%. Altcoins are always more volatile. What about coins like doge that has falled 1000% since ATH.
hero member
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Take a look at my merits, It's lucky number
May 26, 2022, 03:24:53 AM
#2
I have the same feeling as you, and I believe that the projects that are experiencing setbacks this year will come from projects with a background in Finance. After Terra (LUNA), I heard that $YFII has decreased in price by up to 70% (although as of today the price of YFII is rising again). All of this may have happened because of the loss of confidence in projects with a background in Finance, which have a very high APY.
jr. member
Activity: 110
Merit: 1
May 26, 2022, 03:08:33 AM
#1
How many projects will rug pull in 2022? There are many projects that will face the same fate as Luna project but I believe we are able to raise voice on Luna CEO because he is popular and well known, what about projects with invincible CEO? There are tons of Defi and metaverse projects with invincible team, I think their case will be much worse than what we've seen.
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