Florin rank continues to drop, have the investors moved on ?
I think that the whole "quality mark for cryptos" notion that Rijk was pushing back in 2018 could actually to come to pass with the coming regulatory crackdowns. The increase in regulatory compliance could spell potentially legendary positioning for NLG and XFL as "check mark" cryptos, ready to receive big money that wants to invest in veteran projects that have hidden gem status but are nevertheless survived the sell-off storm as "approved" cryptos. Neither project got sucked into the defi bollocks, neither project got associated with the nft scams and both projects have only ever been tradeable on highly compliant, relatively obscure, non-leveraged, kyc-aml exchanges.
Once the tide goes out on 90+% of crypto this go around, I think many to most of the current "top 1000 coins" will literally just dissolve as these "big name exchanges" get the brunt of the regulatory pain coming to the sector. This means the projects that have been developing in obscurity while staying compliant yet under the radar, even on thinnish budgets all along, may actually, in fact, be the strongest to rise on the "adoption" scale in the next cycle.