By chance I came across the Alpha token $K @Sidekick_Labs that launched last year; its price has dropped from the opening 0.3786 to the current 0.0041, a decline of 98.92%—almost zero!
Moreover, almost every Alpha token meets this fate; I won’t list examples, you can check yourself.
Therefore, in theory, 99% of tokens that launch are valueless, and these projects haven’t changed the crypto space; most are just looking to profit from a wave.
While I don’t think the crypto space will disappear in the short term, the fact is that this arena hasn’t seen breakthrough technology (projects) for a long time; it’s more like a casino, even a casino where cheating is freely allowed.
I hope a truly breakthrough technology (project) will emerge to change this arena!