None of those old ones
What if this time it's different?Maybe a different logic could be developing:
- Most things have already been invented in crypto, so the upside is lower for new products promising "the next big revolution".
- People have been scammed hard by "newer alts" since 2014 or so and lost huge amounts of money.
- No coin which was promoted to be "the next Bitcoin" has managed to catch up even with Ethereum. The single one which tried hardest (Terra/Luna with their Do Kwon cult) was the biggest failure of them all.
- More and more people realize this, and thus older, more "solid" projects begin to attract more capital also in the altcoin space. (This is not a Bitcoin maximalist post, I'm talking about coins like XMR, AVAX, LTC, MKR ...).
Don't misunderstand this post, in general I agree that it's more likely that newer coins have more upside as this was the case in several bull runs. But this hype mechanic could be changing eventually.
I agree however that it looks that alts have stabilized a bit, perhaps the bottom is in definitely for this intermediate bearish phase.
What if this time is different..? Hmm, could be, but more often than not we've seen the newer ones get bigger gains. And I'm not even arguing, it just is.
But yeah... It's looking a looot better now with L1 coins going up and their memes going up more than them. The coin to check out now is SUI. And when an L1 is outperforming the market, it's worth looking into their ecosystem be it memes or real projects.
Stay safe sports fans.