Which utilities will survive the bear market

TheUltraElite

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Quote from: shinratensei_ on May 04, 2022, 01:54:31 AM

Just learned from ape, GMT and some shit tokens in the market. Hype is far more important than utility. I have been seeing so many tokens with various utility cases but none of these coins have achieved multi billions marketcap like utrust, crypterium and many more. These tokens meant nothing compared with the new tokens that got very big hype like APE, GMT and many more. I just remind you that if GMT has no usecase and it's worth multi billions of marketcap right now. We can take a very important lesson from there if hype is the main thing to make the token become a big thing.

Hype will only run the project for so long so the owners can make big bag of cash and dump on their investors and bail out. The investors will never know what hit then until it is too late. These recent shitcoins have been doing that and will follow suit in a few months too. Basically another method of a HYIP/MLM scheme in the name of cryptocurrency.

Huge minion squads can help pump such coins, but the wiser folk will sell their holding and exit when the euphoria is high. It does not imply that every such coin will be a scam, but majority are.

Also CRPT and Utrust are useful coins, I hope to see them in better conditions in future. But my coin of choice will always be bitcoin.

RussianEnglishTranslation

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Quote from: DevFile90 on May 01, 2022, 01:34:49 PM

What type of crypto utility do you think will survive in this coming bear market? Some are saying most layer 1 blockchain projects will fail what about the likes of launchpad platforms, or we should just focus on metaverse only? Since metaverse isn't even close to perfection yet I think 💭 they may actually lead the way in future, what is your thoughts on this?.

There are always new trends in crypto. You can try and ride those trends or invest in the L1 projects that those DApps are running on. The most promising L1's in my opinion are the internet computer and Celo.

danherbias07

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If it's only easy to erase some of them like meme coins then it could've been a better economy for both blockchain and exchange projects.
Yes, those two are what I think will be left if ever there will be a cleansing.
But the problem is the utilities that are mostly trash are being supported. I don't know how but I guess that's what makes us humans. We have our own opinions while some are doing it for their supported coin to pump up and reap the rewards afterward leaving the new investors with less or nothing.

shinratensei_

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Just learned from ape, GMT and some shit tokens in the market. Hype is far more important than utility. I have been seeing so many tokens with various utility cases but none of these coins have achieved multi billions marketcap like utrust, crypterium and many more. These tokens meant nothing compared with the new tokens that got very big hype like APE, GMT and many more. I just remind you that if GMT has no usecase and it's worth multi billions of marketcap right now. We can take a very important lesson from there if hype is the main thing to make the token become a big thing.

magneto

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Quote from: DevFile90 on May 01, 2022, 01:34:49 PM

What type of crypto utility do you think will survive in this coming bear market? Some are saying most layer 1 blockchain projects will fail what about the likes of launchpad platforms, or we should just focus on metaverse only? Since metaverse isn't even close to perfection yet I think 💭 they may actually lead the way in future, what is your thoughts on this?.

I think that metaverse will definitely see a decline in activity.

The whole concept has been completely overblown and mostly by NFT-pushers who just want to make a quick buck or two. That in itself is fine, but if you just look at the quality of the projects in the space you'll realise that it's getting absurd.

DeFi i think will be one of the more resilient functions, and therefore I am putting a bit of money DCAing into Fantom and NEAR which have taken a beating so far.

Lagduf

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I could pretty much say that there is no better utilities than the smart contract altcoin, quite literally the newer technology all of them are reliant in some of these smart contract platform.
like from stablecoins to pretty much something like metaverse, I just couldn’t see this smart contract altcoins go down the drain even amidst some massive bearish market.
Instead i’m just gonna see the bearish market that affected these smartcontract altcoins as something like black friday because eventually the value just gonna recover back again.

Psynthax

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This must be random. Even without any utility as long as the token has the hype and it can still sustain during the bearish market, i think you do understand what i meant. You need to look at the token that has hype.
Hype will create FOMO that will make the project can sustain for the long term. When you are also aware if so many people are also noticing about this.
The hype token can also be pumped even during the bearish market and this is the key.

Kelvinid

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You can rely on those old projects/coins that have been in the market and are able to survive the long bear season. They are seems proven to have strong market support and market potential, unlike these new projects. But I'm not going to say that these new projects will die, it is just something to say that they are possible, especially if they don't play any market role. I'm afraid these meme coins, NFTs, and metaverses projects. If you'll choose to invest in the crypto OP, I suggest considering the top coins to have a higher assurance.

lionheart78

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Quote from: gazilla on May 01, 2022, 02:35:16 PM

If it is the real bear market as in 2017, nothing will survive it, it only depends which ones will be hit the most. I do agree with a part of your statement, as I believe blockchain coins will be much better than other coins.

Lol, if nothing survives then we can't be trading Bitcoin, ETH, XRP, and other 5+ years older tokens. As stated, only projects that have competent developers and good funding will surely survive this market bear trend. Probably projects that will come out with new interesting terms for the old ones will surely gather new hype.

Xal0lex

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Quote from: DevFile90 on May 02, 2022, 01:45:59 AM

This is scary, you have mentioned all the available use cases in the crypto space presently Grin

, some metaverse projects will still survive more than others because metaverse hype is not done for, I haven't even seen a fully completed metaverse project yet or have you? The moment this metaverse projects start leaving behind their BETA phase the hype will be back again.

Not all of them, but only the hype ones that have become the most discussed and popular over the past 1.5-2 years. For example, this list does not include exchange tokens, DeFi, native protocol tokens, etc. In the types of tokens I listed, a lot of useless garbage appeared in the last 1.5-2 years, which does not offer any good product. The same Metaverse will not all survive, because the competition is large, and there are very few projects that are ready to provide an original and high-quality product.

max6575

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justdimin

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Quote from: GreatArkansas on May 02, 2022, 02:30:02 AM

Very difficult to identify it, but among the list here are what are the current trends, especially NFTs/Metaverse/P2E.
For me, if ever we will be in a huge and long bear market, the most affected are these new trends and especially if they are in the peak and suddenly the market will start to favor the bear.
For me, I will go on the layer 1 protocols, more on protocols as most of these utilities are built there and additional I will go to some DeFi tokens too and I will avoid such low marketcap projects.

I really doubt that the market really cares about any of this though, wouldn't you agree? I mean utilities doesn't matter when we are talking about the market, I believe that most of the time the reason why a project stands long after the bear market is gone and the bull market comes is the fact that it is a good project, no matter what the utilities are.

Meaning NFT doesn't mean anything, since during a bear market we could have NFT's go down and stay there forever and we could have NFT's who go down but recover later on, or same for meta or p2e as well. So, this means if you are a good project then you will survive and there won't be any issues whatsoever.

AjithBtc

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Most of the projects that doesn't have a minimum viable product will fail. Launchpad tokens have got long term benefits, but it also depends upon the effective functioning of the project. Everything looks like a hype when we go through. In the past we had ICO, but now we have the same in different names as Gamefi, Metaverse, NFT, launchpad, etc. As most users mentioned, it is always the bitcoin which stays strong along with top altcoins.

Yogee

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Quote from: DevFile90 on May 01, 2022, 01:34:49 PM

.... Some are saying most layer 1 blockchain projects will fail

Let's fix that. Most projects will fall during a bear market and it doesn't mattet if it's layer 1 or layer 2. It also doesn't matter if it's DeFi or NFT or Metaverse or Web3.

Some projects with utilities that I already mentioned may survive the bear market. They could perform or recover faster than the rest.

jossiel

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Quote from: DevFile90 on May 01, 2022, 01:34:49 PM

What type of crypto utility do you think will survive in this coming bear market? Some are saying most layer 1 blockchain projects will fail what about the likes of launchpad platforms, or we should just focus on metaverse only? Since metaverse isn't even close to perfection yet I think 💭 they may actually lead the way in future, what is your thoughts on this?.

If you're going to focus with Metaverse, you'll never know if they're going to be the same as what you're thinking.

It may not yet be on its perfection but just as the bear market goes, everything is going to tank and even bitcoin.

That's why no one is exempted when bear market comes so, the best thing to do is to accumulate cheaper coins that have been in the top.

And the best utility would always be the ones being used for real payments.

Xal0lex

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Quote from: Ifemini on May 01, 2022, 02:12:27 PM

From this i find the launchpad, fan and metaverse tokens as the most advantageous on the long term because the market cares about continuity. Gamefi = p2e and it doesnt attract investors no more because it is becoming too much (same metrics) and the roi are never satisfying, how would such token behave in a bearish state ? With fan token, metaverse and launchpad token, you experience continuity and strenght

Launchpad tokens emerged amidst a venture capital hype in 2021, and now you can already see sluggish activity in this sector. Most of these launchpads will die and you should not expect them all to give you confidence in the long term.

Metaverses need to look at ivnestors, if the project entered serious funds at the stage of seed investment, it means there is a future for the project, even though the price can dump very much. This is done in order to kick out all casual investors and buy up as many coins as possible into a portfolio for future growth.

Fan tokens... what's the power and certainty in them in the long run? They are the same shitcoins as memcoins, as long as there is a hype, they are talked about, as soon as something worthwhile appears, they are immediately forgotten about. Although this is my subjective view of fan tokens, but personally I don't see anything good in the long term in them, simply because they have few utilitarian functions, just like meme-coins.

Yamifoud

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Quote from: JangoUnchained on May 02, 2022, 09:38:31 AM

Bitcoin is the only sole survivor that I know, every other coins and tokens are nonsense, you can make good money out of them for sure but only for the time being, take your profits and leave or convert your profits to bitcoin.

Then it means that ETH, BNB, Sol, and the rest of the top 10 (at least) will die? If you are here in the forum way back in 2019-2020 when the market suffered the longest break and bearish season, you can really imagine how these projects prove that they are worth trusting, and they survive. With this just a few bucks corrections, that was too little decline to see, it was too far from the experience before that is why I have to disagree with you. People can keep their coins and hold, nothing to worry about in the first place for as long as you are holding good coins, not memes or NFTs.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: DevFile90 on May 01, 2022, 01:34:49 PM

What type of crypto utility do you think will survive in this coming bear market? Some are saying most layer 1 blockchain projects will fail what about the likes of launchpad platforms, or we should just focus on metaverse only? Since metaverse isn't even close to perfection yet I think 💭 they may actually lead the way in future, what is your thoughts on this?.

The buzz around metaverse died out pretty quickly from this forum because they have become mainstream now and probably what social media are going to apply in their apps. Although I dont think I would ever use it, because I have never been a fan of social media, I think the buzzkill already means that it has a long way to go for now.

Truth is that the community likes new buzzwords and will catch onto those for sometime before moving to a new one. Previously it was DeFi then NFT and now metaverse.

Either way, whether worth investing or not, I prefer to stick to old time tested assets like bitcoin before going for anything else.

TastyChillySauce00

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So many coins have very good utility at this moment but these coins can still face a big dump caused by so many panic sellers in the market. I think that you should watch it carefully and it will tell you that if utility will not so strong to prevent the dump. In my opinion the big news or big even like land minting or something else will become the thing that prevent the dump.
Ape token has been giving us a lot of lesson about how important that big even to keep the hype.

JangoUnchained

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Bitcoin is the only sole survivor that I know, every other coins and tokens are nonsense, you can make good money out of them for sure but only for the time being, take your profits and leave or convert your profits to bitcoin.

Topic: Which utilities will survive the bear market (Read 312 times)