Do you believe that the current project parties are struggling to persist?

The previous article said that strictly speaking, we are not in a bull market yet. Many people may not believe it, but in fact, many project parties are struggling to persist. On the one hand, the money for project financing has been basically spent. After all, the project founders have to spend money on business trips, meetings, and cooperation. Those who can persist throughout the bear market until now basically have some family background, otherwise they would have run away to start the next project when a wave of declines occurred.

But even so, the project team is still facing a dilemma. On the one hand, if they continue to persist, they will need to spend a lot of money, and the current coin issuance market is not hot enough, so it is easy to be scolded and the institutional sponsors are not happy. So the coin issuance can be delayed as much as possible, and the longer the delay, the better, just to wait until the bull market when the leeks are fat and plump before harvesting.

On the other hand, there are many project parties who don’t want to persist. After all, after persisting for so long, the technology of the project is almost the same. At most, they can just change their appearance and create a new project. Anyway, for a team, as long as they have launched a project, they will not be able to resist the temptation of issuing coins. Later, they will definitely launch the second and third projects to repeatedly cut leeks. This also explains why the announcement cycle of many copycat projects is not long.

Between the two directions, it can be predicted that the current market basically belongs to this situation, and it will naturally be reflected in the market later.