Cryptocurrencies have a come a long way.
At one point, there was only one. That was bitcoin. It was hard to get, lots of barriers to entry, but what happened? Those who ventured into the unknown and bought something they barely understood were the ones who experienced the most gains. (Assuming they didn’t sell their future for just a 2x or something)
Not too long ago, there was a handful of coins that you can buy.
Those who have been here for a long time may remember the top dogs were:
Bitcoin
Ethereum
Litecoin
Dash
Ripple
Monero
But then you had a lot of copy cat coins coming out and the booming of ICO’s (initial coin offerings)
A handful of these ICO’s made life changing gains, fuelling the FOMO for more ICO’s.
There was point that a simple Word document was enough of a “white paper” for people to throw their life savings towards a project.
Recently though, things are very different from just a few years ago.
I know of a website where I can go, do a few clicks, pay a few pennies, and boom I have my very own token.
Getting eyes on a project is the goal.
How else can you break through the noise and get the attention of would be investors?
The Grays Game is one example of a compelling game theory to help push up the price of a token.
This is a project that comes from someone who was in the XEN community. Their project was pretty much halted on ethereum due to gas fees, but on pulsechain where fees are sometimes 10,000x less expensive than ethereum, they are doing great work.
So, a PRC token (pulsechain version of ERC) that runs on a eth 2.0 fork, is making people gains… talk about crypto inception.
You can see in that first photo the tokenomics of this new game. Sort of a lottery that is designed to make the token pump up in price. Especially if the winners simply stake the their winnings.
Building liquidity, and pushing up the price, is the best marketing you can have. Green candles to get all the attention, and liquidity to absorb the weak hands to protect price.
Just like hive, you don’t have to cash out your rewards, you can just compound them increasing your share of the payouts.
This one coin is a simple example that there are so many paths towards gains. Knowledge is key, you can’t do due diligence if you do not know what is important to look for.
So many times I see people share price charts and say wow look how much it is up meanwhile there is like $40 in liquidity lol 🤦🏻♂️
I see LEO as one of these inception coins. It can outperform hive. Anyone with deep enough pockets can push the price of LEO to new levels due to LEO’s low liquidity.
Yield bearing coins that make big gains are probably the best asset you can hold in a fully fledged bull market!
