This is an automated archive.
The original was posted on /r/cryptocurrency by /u/derika22 on 2024-01-14 16:53:34+00:00.
Without mentioning any names of coins or tokens, I want to present some narratives in projects which are stuck and (in my opinion) won't make it in the next bullcycle (at least not in terms of reaching former ATHs).
Coin No.1:
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uses a UTXO model which make DeFi very slow to nearly impossible, yet the devs and the famous lead head dev defending it
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the scientific approach by double checking every step...in science it totally makes sense, but in the blockchain world this kind of approach hinders the development. Every other project is way far ahead!
Coin No.2:
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as a "Layer 0 coin" it wants to provide its decentralization and therefore secure "para-side-chains" which should develop on top of it, but instead of those "para-side-chains" being "free" to do what they want, they're forced to build the way [Coin No.2] wants it to be
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no modularity
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up to today, there is no single significant bridge from [Coin No.2] to any other chains
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countless projects that were initially developed as "para-side-chains" switched to other projects!!!
Coin No.3 to X:
- any coin that was meant to kill the top 2 mcap coin, but if you visit DefiLlama to check its TVL, it's basically dead
99.9% of coins doesn't make it per cycle, people don't want to end up as bag holders and move on. If any of you recognizing the coins/token I mention, I want to say sorry, this is no rant, but a harsh truth.