🚨 JUST IN: Crypto AI Agent is here!!! Watch the video 🎥

EnglishDeutsch日本語中文EspañolFrançaisՀայերենNederlandsРусскийItalianoPortuguêsTürkçe포트폴리오 추적기스왑암호화폐가격오픈 API통합뉴스획득블로그NFT위젯DeFi 포트폴리오 추적기크립토 게이밍24시간 보고서홍보 자료API 문서
CoinStats

Yieldly... At what point do you declare a coin / token dead?

상승세:

0

하락세:

0

img

Titles says it all.

I've been following Yieldly, a token on the Algorand blockchain, since last August. I was incredibly bullish on it back then, as I was for everything to do with the Algorand ecosystem. However, after a series of missteps, bad comms, and sketchy incidents from the devs, around Dec-Feb, I lost all confidence in it.

It's down 92% YTD... Algorand is down 58% YTD.

What's more, I came to see it as emblematic of many altcoins designed to make the founders and early investors rich. It fit the classic textbook example of a token designed to be staked for more of the same token with a super high inflation rate.

I know that Yeildly is by no means unique in that way. Funny enough, it's what lead me to selling all my altcoins and going all in on the Bitcoin.

Bitcoin is down 15% YTD.

One thing I often hear people discuss is how important a the community surrounding a coin is. I think that's total bullshit. The "community" is more often then not bots, paid shills, or overly extended bagholders trying to pump the price so they can profit and get out. What gets me is that some of these people hang on to the very end.

But what are the features that tell you a coin or token is dead and not just down with a potential to recover?

submitted by /u/Vaginosis-Psychosis
[link] [comments]
상승세:

0

하락세:

0

한 곳에서 모든 암호화폐, NFT 및 DeFi 를 관리하세요

시작하는 데 사용하는 포트폴리오를 안전하게 연결하세요.