It seems that every three to four years cycle new altcoins always takes a position in top 20 list on coinmarketcap, those who are leading the top 20 of 2017 are done for right now, only very few remains, now it seems this is what's going to happen in 2024-2025 too, now tell me why investing in a new project a bad idea? Cos I plan to look into new projects for the future instead, what do you think?
Well, your guesses are wrong and cmc does not work that way. In cmc, projects change position nearly every week. As regarding cycles, you are also wrong, ofcourse we have new network chains almost every 2 months who thrive and try to rival ethereum. None has waited 2-4 years to thrive and get into top 20. with solana a notable mention.
This year alone, we have had cronos, fantom chain and others. there was never a 4 year gap