Crypto is Unfair: Most of the Times, FT Utility Tokens🔻
Are you tired of watching your utility tokens gather dust while memes and shitcoins moon? 🚀 You're not alone. The crypto market is rigged against utility tokens, and it's time someone called it out.
The Uncomfortable Truth
While meme coins like DOGE 🐶 and SHIB 🐕 can soar 100x, utility tokens are often stuck in neutral. 🚫 FTT, for example, pumped 50% today, despite all the controversies surrounding it. But let's be real, it's still a drop in the ocean compared to the gains made by shitcoins.
The Numbers Don't Lie
Here are some hard facts:
- DOGE is up 6.7 times from its bear market price, but Algorand is still 6.2 times below its ATH. 📉
- SHIB is up 257% this year, while Chainlink, a project with actual utility, is only up 53% YTD. 📈
- ETH and SOL are struggling to break past their ATHs, while some tokens are mooning overnight. 🌙
Why Utility Tokens Struggle
Despite some maturity, the market is still driven by hype. Here are three reasons why utility tokens struggle:
1. Overvaluation: Many utility tokens are overvalued, making it difficult for them to maintain their price. 💸
2. Too Much Competition: With thousands of projects emerging in every niche, investment is diversified, making it challenging for utility tokens to keep up. 🌐
3. Lack of Speculation: Utility tokens often lack the speculation and hype that drives meme coins. 🤔
What Can You Do?
1. Don't Get Emotional*: If you've well-researched your token and they're delivering tech developments, just hold on. You will be rewarded soon. 💪
2. Price Rug: If your token is pumping less and dumping more, cut losses and shift to BTC, ETH, or SOL. 🤖
3. Market Cycle Magic: Every cycle, money is squeezed out of the market to push BTC up, and then the money is rotated into high, mid, and low caps. 🔄
Bonus Tip
From my experience, here's one thing: never marry one token. I've seen the best of techs die. Sometimes, even the best don't work, so lay your eggs in many baskets. 🥚🧺
Conclusion
The crypto market is unfair, and utility tokens often get the short end of the stick. 🎡 By understanding the game and playing it smart, you can come out on top. Don't get emotional, diversify, and wait for the market cycle to correct itself. 👨💻