Home
News
- Coin that has been overhyped MINA, which gained news after its post-launch surge, is the only Layer 1 protocol to lose more than 90% of its value. Mr. Choi further said that the Cosmos (ATOM) ecosystem, a complex cross-chain architecture, exhibits defensive price performance despite the market turmoil. The investor is unsure of the specific origins of such a situation, which can be linked to VC funds’ lack of involvement.
- When contrasted with the ATH, a few conventions in the overhyped Solana (SOL) environment, for example, the AMM-controlled DEX Saber Protocol (SBR) and the Step Finance (STEP) DeFi convention, lost north of close to 100%. Layer 1 conventions (L1) have generally had lower unpredictability than DeFi coins. With misfortunes of 63.5 percent and 65.4 percent, Ethereum (ETH) and Tronics (TRX) are the two most stable resources.
- They topped in May 2021, not November 2021, as Bitcoin (BTC) did, and their bear market endured 400 days rather than 207 days. Even the most prestigious DEXes had their assets collapse by 90% on average. Simultaneously, new DeFis or DeFi 2.0 conventions, like Redacted Cartel (BTFRLY), Olympus (OHM), and Wonderland (TIME), are hit considerably more diligently: they’ve lost a normal of 98.5 percent.
Mr. Jason Choi, a member of Forbes’ 30 Under 30 list, co-founded Spartan Group, the APAC region’s most successful Web3 VC fund, and expressed his thoughts on the current bottom of the Crypto Winter. According to Mr. Choi’s figures, all forms of utility and governance assets related to the decentralized financial segment have been hit the hardest by the recession.
ALSO READ – The Graph Price Analysis: Will GRT ever reach $1.00 Level again or Not?
The Bear Market Has Destroyed New Generation DeFis
They peaked in May 2021, not November 2021, as Bitcoin (BTC) did, and their bear market lasted 400 days instead of 207 days. Even the most prestigious DEXes had their assets collapse by 90% on average. At the same time, new DeFis or DeFi 2.0 protocols, such as Redacted Cartel (BTFRLY), Olympus (OHM), and Wonderland (TIME), are hit even harder: they’ve lost an average of 98.5 percent.
When compared to the ATH, some protocols in the overhyped Solana (SOL) ecosystem, such as the AMM-powered DEX Saber Protocol (SBR) and the Step Finance (STEP) DeFi protocol, lost over 99 percent. Layer 1 protocols (L1) have historically had lower volatility than DeFi coins. With misfortunes of 63.5 percent and 65.4 percent, Ethereum (ETH) and Tronics (TRX) are the two most stable resources.
Is The ATOM Ecosystem A Refuge Of Safety
Coin that has been overhyped MINA, which gained news after its post-launch surge, is the only Layer 1 protocol to lose more than 90% of its value. Mr. Choi further said that the Cosmos (ATOM) ecosystem, a complex cross-chain architecture, exhibits defensive price performance despite the market turmoil. The investor is unsure of the specific origins of such a situation, which can be linked to VC funds’ lack of involvement.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
