Quote from: AmoreJaz on September 21, 2022, 11:31:38 PM

Quote from: abel1337 on September 21, 2022, 10:53:14 PM

Quote from: Rengga Jati on September 21, 2022, 10:25:07 PM

Quote from: WeThePe0ple on September 20, 2022, 01:14:18 PM

Does surviving or not depend on the amount of demand?
Or does it depend on the quality of the tech behind the project? Those 2 don't necessarily go hand in hand.

It depends on several points, not only on the amount of demand but also on the utility, trust, people behind, strong team, promotions, fundamentals, and also other values. It is not easy to build the trust and reputation to make certain altcoins become very valuable. There may be projects that seem too good to be true, but in fact, they cannot realize the utility of the projects because they are once more, too good to be true.
Many projects are failed to realize their use case and also road map due to the hard competition in the crypto industry, moroeverthe projects that are only following the hype, like the meme coins, Defi project types, games, and many others. As long as they are only following, the perentage to grow up and survuve during this beairhs era is very small.

That's true, There are many factors in order for a project to survive. A project can't survive on just a single factor. We've seen many project that has a lot of demand on it's release but after sometime it's going down because project seems lacking of other factors that makes other project survive even on bear market. I believe that having a strong team, team seriousness, good fundamentals and project utility is one of the most important factors that makes project survive on every part of the market cycle.

and with those considerations, we need to accept the fact that most alts were created for the benefit of the dev team and not with real intention of surviving and diligently following up their published objectives. only few of these thousand alts can keep up with their targets. and with those few alts, you can only count with real and active usage in the market. sad to say, you can only see serious goals in top alts.

Yes, it's a open secret here in crypto market that those developers are just for pure money grab. They will create a meme coin, then market it here or somewhere else, wait for investors to come in. And when the time is right, they are going to sell their shares without anyone noticing it.

And it's going to continue, despite this bear market, there are still a lot of alts that will be born this way. Just like for example, when the Queen of England die, maybe meme coins pop up and supposedly to give respect to her. But it's not the case.