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You guys will bid a new chain to $15B in week 1 then ask why VCs and builders keep launching new ...
223 days agoMONKdefi_monk
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Note: AI-generated summary based on third-party content. Not financial advice. Read more.
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This post highlights the speculative nature of new blockchain launches, where retail investors often bid up new chains to high valuations quickly. While not providing specific tickers or price targets, it suggests that the rapid appreciation of new blockchain projects incentivizes venture capitalists and developers to continue launching them, implying potential for high, albeit risky, returns in early-stage crypto projects. Investors should be aware of the significant speculative risk involved in these new chain launches.

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By defi_monk

Sunny | Research @Messaricrypto | Prev Hedge Fund Monkey | NFA | Check Highlights for Threads | https://t.co/Qu6XiH0KHK