Three questions for old crypto fans - page 4.

insidertradingeverywhere

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Quote from: serjent05 on September 29, 2022, 05:59:16 PM

Quote from: Harchive on September 29, 2022, 11:55:58 AM

And also can we see another top project in the rank of 1 to 20 failed like that of Luna?

A Crypto project is a venture where the future ahead is uncertain, there is a possibility that a cryptocurrency project will fail after several years on the market. Hackers are relentless attackers, so any Crypto project can be a victim of a hack that can turn its successful years to ruins. Aside from that, project developers are also human susceptible to errors so it is also possible for a top project to crash due to mismanagement. There are also recorded history in the financial industry of top company getting bankrupt because of mismanagement and certain events.

Quote from: Harchive on September 29, 2022, 11:55:58 AM

For those who have been here since 2016 do new altcoins always replace the present top 20 altcoins every crypto cycle?

Not always but sometimes there are exceptionally promising altcoins being launched every now and then that can make some of the projects on the top 20 altcoin move down in their rank.

I totally agree, a new project now is usually a new technology, unless of course it is to be on the first coin list. and as long as there is a market, there will always be something better than before... it's evolution, natural selection.

serjent05

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Quote from: Harchive on September 29, 2022, 11:55:58 AM

And also can we see another top project in the rank of 1 to 20 failed like that of Luna?

A Crypto project is a venture where the future ahead is uncertain, there is a possibility that a cryptocurrency project will fail after several years on the market. Hackers are relentless attackers, so any Crypto project can be a victim of a hack that can turn its successful years to ruins. Aside from that, project developers are also human susceptible to errors so it is also possible for a top project to crash due to mismanagement. There are also recorded history in the financial industry of top company getting bankrupt because of mismanagement and certain events.

Quote from: Harchive on September 29, 2022, 11:55:58 AM

For those who have been here since 2016 do new altcoins always replace the present top 20 altcoins every crypto cycle?

Not always but sometimes there are exceptionally promising altcoins being launched every now and then that can make some of the projects on the top 20 altcoin move down in their rank.

maknyos

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There is almost always something changing in the 10 to 100 rankings on coinmarketcap. there is always a new project that will dominate the market causing the ranking cycle to fluctuate all the time. in this context if a VC withdraws initial capital on a new project, it is certain that there will be a major shock to the coin price as the new coin has a low market cap. Well, in terms of determining a new project that can penetrate rank 10 or 20 on coinmarketcap, very rarely anyone can predict it.

Jating

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Quote from: Harchive on September 29, 2022, 11:55:58 AM

Is it normal to invest in projects that VC's invested money on?

Of course, it's just riding the coat tail of those VC's, like copy trading, the question is how and where do you find those VC and what project they are investing?

Quote from: Harchive on September 29, 2022, 11:55:58 AM

And also can we see another top project in the rank of 1 to 20 failed like that of Luna? For those who have been here since 2016 do new altcoins always replace the present top 20 altcoins every crypto cycle?

That's always been the case, some projects suddenly went to the top 1-20 like BNB and ADA. And for the Luna case, there could be as we know that market is too risky and volatile and we don't know the people behind. If there intentions are real like Do Kwon, who gain the trust and reputation, but his project collapse right in front of us.

Piesel

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This has been the trend since the ICO era, altcoin market has come with a lot of different trends that always replace the existing trends and the coin in the top 20 will not remain on that list for long there are always replaced with others.

If you have been following the trends you will already be familiar with some of them by now such as ICO, IEO, Metervarse, NFTs, etc these are all altcoin trends that have brought a lot of hype into the market with most trending projects then no longer amp g the top performing projects at the moment.

jossiel

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Quote from: Harchive on September 29, 2022, 11:55:58 AM

And also can we see another top project in the rank of 1 to 20 failed like that of Luna? For those who have been here since 2016 do new altcoins always replace the present top 20 altcoins every crypto cycle?

Yes and yes.

It is very likely that a new project will be replaced by a new one.

After all, the market's ranking is depending on the market cap of a project and when an old project gets lesser demand.

That is for sure will be its fate and that is to be replaced by a new one.

As for the projects likely going to end up like Luna, we do not know but yeah, possible.

Outhue

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Yes because VCs are not blind, they always go with very good projects but it's better to do your own research, VCs involvement with a project doesn't mean it can't turn to scam or crappy project. Remember LUNA?

The more new ideas are created and built into new projects many old top ranking projects will lose their ranks and get replaced by the new projects, this is somewhat normal, a project has to be very strong to retain its rank after several years, for example Ethereum.

Popular layer 1 projects are topping the top 10 on coinmarketcap today, we already have Layer 2 and it's possible that attentions may be shifted to layer 2 some day making layer 1 lose their positions too.

Final advice, always do your own research.

jackg

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Yes it nearly always happens that way.

Things like bitcoin, eth, monero and polkadot are less likely to shift from the top spaces based on market cap (but eth, xmr and dot are still likely to fall compared to bitcoin as all altcoins are and have proven pasts of doing).

There hasn't been that many cycles though too to base things like this off which should be another concern here. There's a chance something could emerge to outshine everything near the top (a few CBDCs or a big tech issued token could cause a few of the top slots to slide).

I used to think 1-10 was low risk and 10-20 was higher risk (back in about 2018) but I think that's changed too.

You could look for what VCs invest in but make sure you actually do your own research - even if it's just taking time to watch a video on it from YouTube or a quick flick through their whitepaper and forum.

I think axie is an example of another coin recently that fell from nearer the top before, I doubt it was reported on much because it was defi gaming and that industry seems weaker than the stablecoin one.

Harchive

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Is it normal to invest in projects that VC's invested money on? And also can we see another top project in the rank of 1 to 20 failed like that of Luna? For those who have been here since 2016 do new altcoins always replace the present top 20 altcoins every crypto cycle?

Topic: Three questions for old crypto fans - page 4. (Read 669 times)