Large-scale financing ≠ success. Application scenarios and early layout are the key to project success.

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Abstract generation in progress

Large financing projects perform poorly, application scenarios and early entry remain key.

Recently, several well-known projects have been launching their tokens, but the market response has been lukewarm. Taking LayerZero as an example, despite raising as much as $260 million and reaching a market capitalization of $3 billion, the price has continued to decline after its launch. A similar situation has occurred with other highly anticipated projects like Zksync and Aleo.

It's not that the current market is bad, but historically, projects that have raised a lot of money have all "opened high and closed low"

This phenomenon is not an isolated case. Looking back at historical crypto projects that raised over $500 million, the results have mostly been unsatisfactory. Issued tokens such as EOS, Terra, and FTX have all experienced significant price drops, with market values far below the amount raised. Unissued token projects like Forte and Sorare are also facing developmental challenges, with even rumors of layoffs.

It's not that the current market is bad, but historically, projects that have raised a lot of funds tend to "open high and close low"

It's not that the market is bad this round, but historically, projects that raised a lot of funds have "opened high and closed low"

In contrast, projects with practical application scenarios have performed better. For example, NYDIG, which provides Bitcoin services to institutions, and Fireblocks, which focuses on crypto asset custody, have faced challenges but are still operating continuously. In particular, Moonpay, which offers fiat deposit and withdrawal services, not only remains profitable but also plans to pursue an IPO.

It's not that the current market is bad, but historically, projects that have raised a lot of money tend to "open high and close low"

However, even with real business support, high-level financing still carries risks. In contrast, projects like Ethereum and Solana, which currently lead in market capitalization, had relatively small financing scales in their early stages. Ethereum's initial fundraising was only in the tens of millions of dollars, and Solana's fundraising before its token issuance was only around 20 million dollars.

It's not that the current market is bad, but historically, projects that raised a lot of funds have "opened high and closed low"

These cases indicate that in the cryptocurrency industry, the long-term success of a project relies more on its practical application value and early entry advantages rather than the scale of funding. For investors, buying into potential projects at a low price may offer more room for profit than participating in high-valuation funding.

It’s not that the current market is bad, but that historically, projects that raise a lot of funds tend to "open high and close low"

It's not that the current market is bad, but historically, projects that raised a lot of funds tend to "open high and close low"

It's not that the current market is bad, but historically, projects with more funding tend to "open high and go low"

It's not that the current market is bad, but that historically, projects with a lot of funding have "opened high and closed low"

It's not that the current market is bad, but historically, projects that have raised a lot of funds tend to "open high and close low"

It's not that the current market conditions are bad, but rather that historically, projects that have raised significant funds tend to "open high and close low."

It's not that the market is bad this round, but historically, projects with a lot of funding have all "opened high and closed low"

It's not that the current market is bad, but historically, projects that raised a lot of funds tend to "open high and close low"

It's not that the current market is bad, but historically, projects that raise a lot of money tend to "open high and close low"

It's not that the current market is bad, but that historically, projects with a lot of funding tend to "open high and close low"

It's not that the market is bad this round, but historically, projects that raise a lot of money tend to "open high and close low"

It's not that the current market is bad, but historically, projects that have raised a lot of money often "open high and close low"

It's not that the current market is bad, but historically, projects that raised a lot of money tend to "open high and close low"

It's not that the market is bad this round, but historically, projects that attract a lot of funding tend to "open high and close low"

It's not that the market is bad this round, but historically, projects with a lot of funding tend to "open high and close low"

It's not that the market is bad this round, but historically, projects that raised a lot of funds tend to "open high and close low"

It's not that the current market is bad, but rather that historically, projects that raised a lot of money tend to "open high and close low"

It's not that the current market is bad, but historically, projects with a lot of funding tend to "open high and close low"

It’s not that the current market situation is bad, but historically, projects that raised a lot of funds tend to "open high and close low"

It's not that the current market is bad, but historically, projects that have raised a lot of money tend to "open high and close low"

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ApeDegenvip
· 7h ago
Another play people for suckers machine
View OriginalReply0
SilentAlphavip
· 08-08 05:42
The more money you have, the less reliable it becomes...
View OriginalReply0
ValidatorVibesvip
· 08-08 05:42
ponzi schemes w/ vc money still ponzi schemes tbh... utility > hype
Reply0
HallucinationGrowervip
· 08-08 05:39
Aren't they all Be Played for Suckers?
View OriginalReply0
ResearchChadButBrokevip
· 08-08 05:39
"Having a lot of money can still lead to losses, it's an old tradition in the industry."
View OriginalReply0
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