Famous angel investor and thinker Naval Ravikant talked about crypto projects. Ravikant made striking explanations about why projects fail. On the other hand, analyst Capo, known for accurately predicting the major market crash in 2022, made a serious warning for the altcoin market as the US elections approach. Well-known names help us see both risks and potential opportunities more clearly in the crypto world. Here are the details…
Naval Ravikant: Weaknesses of Crypto Projects
Naval Ravikant summarized the reasons why many crypto projects fail in a very simple but effective way. The famous name said: “The founders getting rich too early ruins the projects.” Additionally, according to Ravikant, it is a big problem for founding teams to make big profits quickly. According to him, this situation causes altcoin projects to fail in the long term. He also emphasizes that hiring more people does not help much in this regard. Kyle Samani, co-founder of Multicoin Capital, agrees. Samani said successful projects do not need entrepreneurs who are only chasing money. He also noted that it needs leaders with a long-term vision.
It is no coincidence that Ravikant has invested in projects such as Twitter, Uber and Ethereum. The famous name believed in the transformative power of the blockchain from the very beginning. While investing in Bitcoin and Ethereum with MetaStable Capital, which he founded in 2014, he always preferred to consider the long-term potential. In his eyes, blockchain technology will open the doors to a fair and transparent system that will change the way society operates.
Capo: Black Swan Warning for Altcoin Projects
On the other hand, analyst Capo also made uninspiring predictions for altcoins before the elections. However, in a Telegram message he shared with his 105 thousand followers, he said that the OTHERS index, which covers all altcoins except stablecoins and the 10 largest cryptocurrencies, may face a major collapse. He stated that he expected a 35% drop, although he did not specify exactly why he thought so. It also predicts a 25-35% loss in value for large coins and 40-60% for lower volume ones.
Capo believes that this collapse will perhaps be the last shock before the altcoin season. He warned investors not to panic and highlighted the market’s current weakness. He also stated that he sold some altcoins in his portfolio. “If this decline does not occur, it is always possible to retake positions,” Capo said. Capo’s approach reminds us of the importance of being strategic despite the uncertainty in the market.
Altcoin Projects and Market Concerns
Naval Ravikant’s in-depth analysis of crypto projects shows that every investor must understand the importance of long-term thinking. His approaches show that blockchain technology is not just an innovation, but a revolution that will radically change the way society works. Capo’s warnings underline the need to be careful in the short term.
US elections and Fed policies stand out as important factors that show what may change in the altcoin market. As we reported as Kriptokoin.com, in the volatile period, it becomes more critical than ever for investors to evaluate both risks and opportunities and make informed decisions.
