It's about time.
Cardano (ADA) and Solana (SOL) are finally being supplanted by better projects, and this is a great thing. It shows there is at least a bit of sanity in the market, that random people can't just come up with whatever bullshit they want and get idiots to buy in.
Cardano was supposed to be the next big ecosystem to come out of the Ethereum incubator, and it simply didn't perform. Now I'm all for giving devs time to develop — but enough is enough. How do you know when a crypto project is a dud and not just pre-alpha?
For all of its cultural separatism, the technology behind crypto is still very much open source. If Cardano is getting its core tech passed up by Avalanche, Terra, Klaytn and dozens of other blockchains that started development after ADA, that means Cardano doesn't have the mindshare to get it done. Not only that, it's "launch" was a pissin-in-the-ocean event. The real kingmakers in the space, the devs, don't want to develop there. Without mindshare, the blockchain is rekt.
And Solana — the VC scamcoin that may actually provide some utility for people in the future — just don't let it become your "safehaven" against all of the shadowy super coders doing these other chains. Solana is (was) the blockchain of choice for non-crypto investors who came into crypto using old school tactics in a new place that didn't work. Why? Those old investors don't realize having big names behind a project doesn't mean shit in crypto. Those big names aren't doing the coding, and they are only over in crypto for the cash grab. You don't have to believe me. If these big names meant anything, Solana would outperform more decentralized chains by miles. It doesn't. Solana blockchain has had the worst and most well-covered hiccups in crypto over the past 1.5 years. The tech is second-rate, and Chamath has been caught on video saying his "support" of Solana is a c.a.s.h.g.r.a.b.
Next up XRP. Get fuckt.
So where's the money? It's on all of the little chains that aren't getting much press but are providing real value. Believe it or not, your best opportunities to support good tech and make money are in places like Metis, Shiden, Iotex, Secret, Kucoin, Meter, Aster, etc. Even in a bear market, these chains are attracting VC capital and building new protocols left and right. The play here is finding a small chain that hasn't built its core infrastructure yet (money market, swap, trusted yield farm, OHM fork). These ideas don't have to be new. Just the fact that this structure is now necessary and hasn't been built means you have opportunity to go in with a gameplan that's been tested by previous chains. For instance, you know that a chain will likely receive its biggest influx of VC capital as trusted money markets enter. So if you get wind of a trusted money market moving onto a chain that it's not already on, you know that gas coin is probably a good investment.
But it's game over for this first batch of "ETH killers." This bear market will flush out the garbage, and you don't want to be there when the shit goes down the drain. Solana might survive in my opinion because it has so much money to throw into mindshare, but I'm not a huge fan of Cardano. That's a 100-to-1 shot that has too much risk for me to prioritize while there are so many better opportunities around. Hoskinson had his chance. Africa, you'll just have to look for another neckbeard fat Jesus XD XD XD
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t.me/alucard0x
