TL; DR
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The number of new crypto projects being created (excluding meme coins) has reached a three-year low.
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Why? Because despite the latest price pump on the market, there’s still not enough money floating around to justify a flurry of launches.
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The good news is: it’s only from here…?
Full story
“The night is darkest before the dawn” – Harvey Dent (The Dark Knight 2008)
“I had to hit rock bottom before I realized my Beanie Baby addiction was affecting my marriage” – Chevy’s Aunt Ellis (a dark period in 1998).
The essence of both statements?
Things have to get bad before they get good.
What does Chevy’s aunt’s Beanie Baby addiction have to do with crypto?
Well, like Ellis in ’98, new crypto projects have recently hit rock bottom.
Specifically, the number of new crypto projects being created (excluding meme coins) has reached a three-year low.
Why? Because despite the latest price pump on the market, there’s still not enough money floating around to justify a flurry of launches.
New projects only have one chance to debut, and a solid entry into the space can attract all kinds of developer talent and investment.
Unfortunately, the market as a whole is not quite there yet.
The good news is: We’re probably at rock bottom now.
(Hurrah?)
