A prime example of a heavily hyped asset experiencing continuous decline would be $XRP . This coin epitomizes FOMO, with a large market cap and a founder who publicly dumped holdings. Yet, after an extended period of accumulation, it still managed to pump over 10x from its bottom!
Despite having no on-chain games to drive user engagement, $XRP's market cap was substantial. During the rise of Ethereum ($ETH) with smart contracts and the subsequent proliferation of yield farming, reminiscent of today's meme coin gambling on $SOL , $XRP seemed to be perpetually in decline. Many believed it was destined to fail due to its lack of substantial utility.
However, in times of cheap money, inevitable outcomes occur. $XRP's market cap surged from $7 billion to $85 billion within weeks.
This reinforces my belief that in the coming year, most coins will surpass their peaks from 4-5 months ago.
