What should altcoins be most wary of?
Like this. On May 3, 2017, OMG sent a tweet, and Vitalik Butterin (founder of Ethereum) and Joseph Poon (founder of Lightning Network) sat at the table to meet with the OMG team. Shortly afterwards, Poon and Thomas Greco attended the Ethereum meetup in Tokyo together. That is, relying on celebrity faces.
Look at how loud OmiseGO's slogan was at the time.
"Unbank the Banked", OMG is going to fight against all banks, and the goal is to build a peer-to-peer payment network that anyone can use a mobile phone without a bank account, which is absolutely revolutionary. There are also many young models standing on the platform, jokingly calling OMG one coin and one young model.
The founder has been describing to everyone, imagine a world where you earn 1,000,000 points playing Candy Crush Saga or any other game on your phone. Then, when you go to Walmart, you can exchange these points for digital currency with just one click, and buy yourself a bottle of whiskey, a bag of cat food, or anything worth $100. Or another scenario - you travel to Southeast Asia. All over Thailand, you can pay with your phone simply by using the OmiseGO wallet on your phone. On the seventh day of your trip, you decide to visit Angkor Wat in Cambodia. Well, guess what - because everyone in Cambodia uses OmiseGO, you won't be charged huge credit card payment or ATM withdrawal fees.
But there is not even a decent product yet, and the project has been in the past for many years.
OMG rebounded in this bull market, and no good news was found. After the sharp drop in altcoins, funds chose some altcoins for speculation, which was purely driven by speculation. There are many altcoins, but there are not many star coins that have risen sharply. The hype of altcoins is mainly based on low-level dispersion and ambush, and the risk of chasing up is relatively large. The technical aspect cannot determine how high the main funds will pull up. If you are impulsive and unlucky, it is easy to take over at a high position.
