I see the crypto ecosystem as one big clique. One giant “you help me, I help you” mentality. Partnerships on partnerships on partnerships. Trading promotions, liquidity pools, exchange listings – the game is fixed, imo. It’s fixed against the average retailer who knows nothing.
For example, are you aware of crypto project boosters? A company that will build your project from scratch, including marketing, branding, followers (yes, fake moonbois), block chain architecture, and more? One example of this was Aphelion, the decentralized exchange that was first announced around the same time as Nash. It was found that they were using a company to build almost the entirety of their exchange. Their team had one Neo dev who actually knew his stuff, everything else about it was vapid. Not surprisingly, the “CEO” disappeared with everyone’s money.
What I’m getting at is that a good amount of the noise, praise and progress you see on social media is likely fabricated. Deals are made, money is exchanged, and projects are thrust into the limelight.
Nash goes ‘unnoticed’ because they’re not playing this game.
Are all projects/companies shady? Definitely not. There’s a lot of good work being done out there. But imo, whenever I see a new name pop up out of the blue – and it’s SOARING on CMC – …ehhhh, my kneejerk reaction is that there’s some tomfoolery going on.
I dunno. That’s my rant about why most new projects popping up don’t excite me much. They’re just not the real deal.
Edit: obviously if you’re a swing trader, there’s money to be made in anything. I prefer doing my homework and taking long positions. It’s less effort over the long run, and leads to being burned less often imo.