Greediness is in its peak right now
As We can see, All projects and all contributors in buying L1s, L2s, and its complete ecosystem is insane right now. DeFi is one of the most conservative way in Crypto. And as you can see, trend is in Crypto Gaming and JPEGs. Aggressive Projects are now raising really high funds for their own bags to survive their business in long term.
Key Takeaway :
- People think that DeFi right now isn’t the priority of their bag. DeFi governance token right now is also boring.
- Blockchain Gaming over DeFi assets. Users grew from 300k Users to over 1million Users.
- We can count it with our fingers , which one is the legit Gaming project.
Fact :
— If there are less than 10 Gaming Project that’s counted as sustain gaming Ecosystem, then where are the 1 million users going in the mid term ? You decide!
— Even Gaming in real life with massive quantity users could be dying just like PointBlank, Clash of Clans, Mafia Wars, etc etc. As an Investors, you are right now buying into : The most profitable Play to earn, not the most enjoyable play to earn.
Opinion :
— Gaming Guilds are carrying many users to be actively playing in Layer 2 Product like Gaming / DeFi. That is why this is conservative
— As an early Investors, you can bet into which project has the potential to be sustain in the future. Are they gonna be Axie ? or Splinterland? or maybe any hidden gem out there? You decide!
— Afterall in a healthy market, there will be correction to it. Since El Savador’s Bitcoin bond news, it turns out bullish for majority of users in Cryptoverse. But turns out ? There are chances that it will go wrong.
Something like this
https://medium.com/ginsbergonomics/el-salvadors-bitcoin-city-is-destined-to-fail-eb41dc149371
- Layer 1 Projects are now everywhere. We are at the phase of L2s competition until the next L1s issue. Which Gaming is the most entertaining, which DeFi is giving the most return, Which Decentralized Spotify is the most enjoyable and easy to use, which metaverse got the best Graphic and Great vendors, etc.
Risk Profile is personalized by you. Everything is so potential, but takes time.
My personal move will be cutting of some assets like when BTC price
63–64k
72–73k
79k
Will keep some Layer 1s and Layer 2s for good.
- XMR Monero
- SAITO
- YGG Yield Guild
- GGG Good Gaming Guild
- UMB
- Chainlink
- SUSHI
- TOKE
- OXEN
- MANA
- SAND
- BADGER
- FIL
- STORJ
- GEL
- FLOW
Cheers !
-G
