Post
Topic
Board Altcoin Discussion
Re: Can Polkadot and Uniswap Survive?
by
Chuky92
on 17/08/2021, 07:24:03 UTC
Polkadot and Uniswap are both present in the crypto market in 2020. As a relatively new coin in the market, many are asking and thinking whether they will survive in the midst of the great old coins?
In January 2021 Uniswap slowly rose in price from $4.9. While Polkadot also experienced an increase in the same month and year by $5. The market continues to run and they are also holding on to prices not much different (Polkadot $27, Uniswap $29). Their rankings on the coinmarketcap list are also close together (DOT #9, UNI #11).
*source: https://coinmarketcap.com/
Let's discuss

Some of the times, price do not really determine if a project will last long term or will survive on the long run, but what really counts is what the project is offering, solving and how the team is working towards it. Most coins can pump for a while and that will be it, they will then keep struggling, some even use hype to cover up the aspect of development, thus when the hype and pump stops they gradually lose it all.
Now in the case of Uniswap and Polkadot, both have an already working platform and therefore will keep surviving, being top 100 on coinmarketcap is no joke, it takes lots and lots of development to reach such height.
Therefore, I do not think their current price now is an issue, because they have come a long way to fail and moreover their platforms are still actively being used by people, and the more people use them, the more it continues growing.