/biz/ - Business & Finance

>>55230929

> The cruel reality is that MARKETING is by far and away the most important thing for ANY particular crypto to succeed.

No, it's more than just marketing. When it comes to software, use case, reliability, front end & back end design in several aspects of user preference. (aesthetics, performance, functionality, cost, population acceptance)

Solana was backed by FTX
BNB is backed by Binance

All major central exchanges back Bitcoin and ETH.

What backs Algo? Nothing. It's just pre-minted tokens being dumped on an exchange.

For all you know... Central exchanges bought millions of tokens from Algo for a fraction of the cost.

Same goes for this Pepe Eth token on binance. Binance likely bought their tokens for way less than what the price was at, maybe like 1/10 of the price at the time of purchase.

>>54990719

probably like 10 eth

It really depends on the devs behind this shit token. I don't see it going shib levels. It pumped in a bear market and somehow 50k people instantly were on board... makes no sense.

There is another pepe project that is an actual block chain itself, like doge, but it's name is banned from posting on this board.

I'm a bit in a state of shock. There was another coin that was a pepe project, which just went 5m mcap in 24 hours, 11m volume... it was literally a success, it had some dips, recovery... then the dev decided to rug it and close the telegram, deploy a new project immediately. It was all planned.

it was enlightening.

icp will likely be the top utility coin within the next few years.

It really depends on the development team and if they continue to simplify for users to deploy projects. Although the biggest downfall of this project is that it was never PoW.

What many people do not understand is that BNB and Solana have / had a foundation backed by exchanges. Regardless of the blockchain itself, being backed by an exchange is huge in terms of on boarding users and financial stability/liquidity, this is why PoS was used as a way to fast track.

However as we saw FTX was a fraud exchange, however Solana being a PoS shitcoin still went parabolic because of it's backing.

Had BNB and Solana been designed as PoW, the coins would have a greater value, however this process would have been many times slower to develop.

ICP really should have been a proof of work and Dfinity should have launched an Decentralized exchange that sends it's fees to the development team and liquidity.

Instead Dfinity decided to dump on it's investors, which now they have an obligation to succeed, however this may work... it may not. A CEX or DEX yields superior form of revenue compared to the quick pump and dump ICO scheme.

>>54910926