18.9K @FabiusDefi Peak numbers are easy. Retention is hard.
I found sth interesting in what happens after points, airdrops and rewards fade.
10 cases where headline metrics were questioned:
@blast
@modenetwork
@MantaNetwork
@LayerZero_Core
@zksync
@Starknet
@zora
@friendtech
@blur_io
@LooksRare https://t.co/EOF88IW7Jd
175.2K @waleswoosh Most numbers in crypto are fake, and it's hilarious that projects still think they can fool us.
100k daily active wallets, millions of transactions, nine-figure trading volumes etc etc. None of it is real. It's all just a way to make a project seem more important than it actually is.
I'm much more bullish on projects that talk about their real user numbers, even if it's only 2k, than on projects that pretend they have more users than the total number of people active on-chain
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11.0K @BitImmortal L2s were the biggest trap of this cycle
raised billions from VCs
launched at $5B to $20B FDV
now they're down 90%+ https://t.co/X1hQA23Fo3
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6.4K @kriptopufi 6.4K @kriptopufi Interestingly, it is staying strong..
If it can push above resistance and once it falls below after 4 closing candles, set a stop
can be taken in small amounts.
Should be monitored.. $MANTA https://t.co/0IJG8rzfoa
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