Quote from: TheUltraElite on Today at 05:35:01 AM

Quote from: teosanru on December 10, 2021, 05:33:49 PM

The problem is I could tell a lot of coins which have good idea and maybe a good team but they might not end up being the multibagger despite that, became se generally just a couple of coins boom out of all the coins in the market working on the dame idea, these are generally the coins which get the first movet advantage or the ones that are VC backed,

A cryptocurrency that attempts to counter a mainstream market will face this problem because the niche of crypto is much smaller and it has not spilled into mainstream to that extent. I have seen gaming tokens at one time trying to do a lot many things but then all of them failing to do either of what they said because the mainstream gaming market is very competetive, Enjin for example moved on to NFT, another project called Nitro or something I dont recall correctly is as good as dead and many more.

Crypto projects therefore needs to be niche otherwise they never make any mark in the global economy - hard truth that major entrepreneurs already know but keep aside from investors - because it is a cat and mouse system for these two opposing parties.

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so instead of finding such coins find some coins which have good future but are in top 100 or 200 like livepeer which has grown already a lot but still has potential to grow a lot in the future.

I have LPT in my wallet, which was airdropped. Its price has puffed up so going to hold it and see where it goes.

The thing is even being niche isn't enough, you have to stay in the market for so long that the niche has to become mainstream in the market, the example of Enjin is very appropriate here, also MANA which has been in the market for many years but no one ever talked about its a project but with the hype of NFTs, MANA has become like one of the most talked-about project of recent times. it has grabbed the most attention and now even their platform is coming mainstream. I think, most of the projects just have to wait for their time. Even BAT would suffer a very same fate I am sure.