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Home»Web 3»The Lindy Effect is pumping up old crypto projects
Web 3

The Lindy Effect is pumping up old crypto projects

2024-04-09No Comments2 Mins Read
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TL; DR

  • The Lindy effect is in full swing: NEO (2014) is up 33.5% in 24 hours, VeChain (2015) is up 185% in 6 months and LoopRing (2017) is up +230% between October and March increased.

Full story

A few years ago we thought we had come up with this magical theory that was hyper-relevant to crypto.

The idea went something like this:

If a cryptocurrency has a somewhat successful bull run and survives the next bear market – without:

  1. Absolute cratering to almost zero

  2. Losing all plausible growth stories (no matter how thin they may be)

… then there is a good chance that the price will recover during the next bull run – perhaps even return to the previous record highs!

Well, it turns out that our theory isn’t an original concept – it’s what’s known as the Lindy Effect – which basically means: the longer something (usually a company) has existed/survived, the harder it is to kill.

(Just look at IBM).

And the Lindy Effect has been in full swing lately for some older, lesser-known crypto projects…

Check this out:

  • NEO (launched in 2014) is up 33.5% in the last 24 hours.

  • VeChain (launched in 2015) is up 185% in the last 6 months.

  • LoopRing (launched in 2017) rose 230% between October and March.

This is not an endorsement of any of these projects (although we do have some) – it’s more like:

Just because a project isn’t the new thing everyone on Twitter/X is talking about doesn’t mean it still can’t be done.

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See also  Why this new Metaverse token might just work.
Crypto effect Lindy Projects Pumping
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