In the last bull market, many institutions and project parties made a lot of profit. In this wave, many projects invested tens of millions or even hundreds of millions of dollars, resulting in a lot of selling pressure at the beginning of the token. Many project parties only rely on PPT and publicity to go online, and then cash out, such as the recent ZK, ZRO and IO, which have performed poorly. This is because after the project party goes online, there is a lack of subsequent development of the ecosystem and plans to raise the price of the currency.
In addition, the current exchange and project party have an ambiguous relationship. The project party can arbitrarily split, issue additional shares, hard fork and other operations, and the scheduled time can be changed at will, lacking the spirit of contract. For example, the merger of FET, OCEAN and AGIX has been repeatedly postponed and hyped, without any integrity.
Although the current environment and market conditions are not good, there is hope as long as you stay in the circle. We can adopt new operating strategies and look at this round of bull market with different thinking. The big waves wash away the sand, and only when the tide recedes can we know who is swimming naked.