In the previous cycle, many people looked at raising funds to evaluate whether that project was good or bad
If we keep applying that formula, then $300M will turn $ALEO into a project competitive enough with Ethereum, right? :)))
Looking at the Backer lineup, we have: A16z, Soft Bank, Coinbase, Polychain. These are all prominent names that have nurtured many unicorns in the Crypto world
📌 But after 1 year since the listing, what is left of Aleo now:
- Chia 65 times from the peak of 6.5 straight to 0.11
- Raised $300M but now the FDV is only $200M
- The ecosystem only has a few dozen Dapps, including those that are planning to build
- TVL is just a few million dollars
👀 But strangely, $ALEO has some very good news:
- Circle launched $USDCx on Aleo
- Good relationship with the US Securities and Exchange Commission
Coinbase is still providing quite close support
Can Aleo make a comeback like Solana, or will it fade away like ICP 🤔
