Quote from: BobK71 on October 01, 2022, 09:52:59 AM

Quote from: Harchive on September 29, 2022, 03:55:58 PM

Is it normal to invest in projects that VC's invested money on? And also can we see another top project in the rank of 1 to 20 failed like that of Luna? For those who have been here since 2016 do new altcoins always replace the present top 20 altcoins every crypto cycle?

It cannot be said that any particular project will make a big scam in the future.The Luna scam basically failed to keep stable coin UST. But almost all the coins ranking from 1 to 20 are good coins with less chances of scams. But anything can happen in crypto. This requires careful consideration.

Luna may become the different case and that gives a very important lesson to us if stable token that doesn't have reserved funds to peg it will be a very risky investment. Luna has been used to peg its stable token which has been going down when the stable token become de peg.
That proves that mechanism that already used by luna was a failed. The new developers must not use such mechanism anymore