if you have come to the consensus that the crypto market is way too saturated, too many projects compete for the same liquidity. the end game for decentralization is where communities remember that true power comes from alliance not division.
Most crypto tokens should not exist. Consolidation is inevitable. Prove me wrong
byu/Primary-Wrangler-666 inCryptoMarkets
Posted by Primary-Wrangler-666
7 Comments
Agree.
Slightly more liquidity + exponentially more tokens = no good pumps anymore.
Duh! 🙄
Yeah I’d say pretty much everyone knows this. That’s why people have been shilling the coins they hold since 2018
I agree. Everyone should just buy the few I have bought.
Agreed but don’t think consolidation will happen. Too many scammers.
When your fartcoin gets too liquid it’s time to go home
Algorand and Hedera
Dilution is in favor of those running the game here. It will keep happening.
In this cycle, crypto VCs raised a fuck ton of money to fund “next gen crypto apps”. Now they are herding towards the launchpad and trading-related apps. These apps make revenue by minting an infinite number of micro crap shitcoins. It can be “memes”, ICM, content creator coins, “ownership coins”, yada yada yada… They need the dilution to keep their apps from dying.
Then there is a legion of unskilled, unemployed, terminally online “trenchers”. Their source of income is riding these new shitcoin micro-caps and rug-pullers. These bums need to keep everyone printing new coins and keep the rotation going.
Then there are CEXs who are competing in a tough market. They need volume. If all CEXs offer the same coins, they start to lack differentiation. There is a reason CEXs need to push new alts: if there were only a few coins, they would have to compete on very low margins or close shop.
This is why off-shore CEXs even try to bundle and cabal up new coins from zero to hundreds of millions.
There are other mechanisms, like Binance Alpha, that are pushing the power brokers of this space to keep pumping out new coins. If Binance stops airdropping tokens to BNB holders, then BNB would bleed.
Furthermore, you have L1s like Solana that are married to their garbage REV identity, and their REV will go to zero if it stops printing new shitcoins.
The entrenched power and interest in this space want to keep the token factory lights on forever.