Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Topic OP
Good fundamentals don't ensure a great investment.
by
Macoach
on 21/09/2023, 17:51:00 UTC
⭐ Merited by NotATether (1)
After OP made a planned and private decision to unlock 18% of its treasury tokens, there was a noticeable drop in price, approximately around 6%. It's important to keep in mind that for OP to reach its all-time high (ATH), it would need to see a significant price surge. While this isn't impossible, it's not necessarily a bet worth placing.

Projects like OP, ALGO, AVAX, and DOT are all considered popular cryptocurrencies, but they share a common trait: they have inflationary tokenomics. This raises an important question – why invest in a project that steadily increases its supply by 7% each year for the next three years? Or one that releases large numbers of tokens, potentially leading to price manipulation by large holders?

In essence, even if a project boasts strong fundamentals, a solid team, and real-world value, it doesn't automatically translate into a great investment. This is particularly true for projects with highly inflationary token models. In such cases, reaching previous all-time highs can seem like an even more distant goal.

In summary, a project's fundamentals are only one piece of the investment puzzle, especially when dealing with highly inflationary tokens.

I personally don't like alt. I just go with what i know like bnd eth. I  not trying to be a spoiler but this is just fact do t rush wating your money buying alternatives coins they plan kind a socks.