🔹If Terra or FTX were shocking shocks, then the 3 projects below represent a quiet decline, a lack of utility, or models that were once considered peak but are now outdated.
🔸SFM went from a booming phenomenon to a major disappointment when the founding team faced fraud allegations, causing the project to collapse and investors to lose everything despite promises of unlimited profits.
🔸$BTTC disappointed when it became a zombie coin due to a lack of technological breakthroughs and real utility, causing its legendary status to gradually be forgotten despite a huge user base.
🔸$GMT disappointed when the Move-to-Earn model collapsed due to token inflation and a lack of sustainable revenue sources, causing the prices of both NFT shoes and tokens to plummet uncontrollably.
🔹Without real utility and a Ponzi-like reward model where the later investors pay the earlier ones, the project is bound to collapse sooner or later regardless of how strong the community is.
🔹In conclusion, the market always eliminates projects that refuse to change or build on a shaky foundation. Reflecting on these failures helps us select projects more carefully in the future.
Do you hold any commemorative coins from the 3 names above?
👉Click follow to keep updated with useful knowledge every day!
🔸This article is not investment advice. The market is always volatile; please consider carefully and invest responsibly.