Crypto just once again pierced a whopping $2T market cap.
It seems now more than ever that the entire space is heating up to unseen levels.
The entire asset class has ballooned to nearly 10,000 coins and tokens, all with their own individual whitepapers, goals, and communities.
Activity on the blockchain has never been higher, smart contracts and DeFi are in full swing, and now the world is beginning to pick up what NFTs are all about.
But it wasn’t always like this.
All of this activity flourishing before our very own eyes stands on the shoulders of failed projects, countless crashes, and the destruction of wealth in now dead tokens.
If this asset class has taught us anything, it’s to manage your damn risk.
It doesn’t matter how unique the whitepaper is or the fundamental use case of the token if the market’s truly coming off.
It was hilarious to see everyone talk about the fundamentals of their altcoins when things were great earlier in the year, but tried becoming technicians on the way down.
But don’t just take our word for it – go back and look at the coins that dominated the asset class just a few short years ago.
99% of them are either zeroes, made zero progress in half a decade, or their communities have completely abandoned them to join newer and better alternatives.
We’re only looking at the top five in this table, but even then, a good chunk of the earlier coins have completely vanished from existence.