When you look at the posts on this sub about what people are holding, you see a lot of L1 projects. I won't give any examples but we know what they are. The last bull run had a lot of them pump. In 2017/2018 a lot of utility tokens were in fashion and this time it's L1 projects.
Now the holders of these tokens must have reasons for believing that their particular token will win out. They will win against the multitude of competitors and maybe even have a chance against Ethereum.
How did you decide that your chosen project will win? What made you take that risk?
For me there is only one metric and that is adoption. If they project is not getting big time adoption and is not working as it should be then forget it. Most of us here are not qualified to judge a project on technicals like the architecture of the software or the competence of its team. "Partnerships" are also irrelevant without real use. If Amazon, VW or whatever isn't actually using your project.
To buy into most L1s thinking they will win is a gamble. Buy them all or buy particular ones being sure that you know what you are doing.
Edit: Someone is downvoting every single reply.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
π° Install these recommended apps:
π² SocialGood - 100% Crypto Back on Everyday Shopping
π² xPortal - The DeFi For The Next Billion
π² CryptoTab Browser - Lightweight, fast, and ready to mine!
π° Register on these recommended exchanges:
π‘ Binanceπ‘ Bitfinexπ‘ Bitmartπ‘ Bittrexπ‘ Bitget
π‘ CoinExπ‘ Crypto.comπ‘ Gate.ioπ‘ Huobiπ‘ Kucoin.
Comments