Crypto of investorsThe latest situation in some of the projects that showed great interest for a while draws attention.
of exchanges fate, stablecoins statusAnd on the market trends is constantly changing. Crypto investors are making an intense effort to follow the changing trends.
Recent lawsuits have erased medium-term investment thinking from the crypto market. Investors are either trying to make short profits or LONG maturityis willing to wait.
In the second of our Losers Club content series, we covered the declines in popular cryptocurrencies of an era. The previous content covered the relentless declines and hard struggles that stablecoins go through. In the second content of the series, Mina, Chiliz, PepeAnd suiwill be our guest.
Farewell to the ‘Medium-Term Investment’ Strategy from the Crypto Market!
Crypto market was followed with different strategies in the past. Investors who believed that crypto projects in the market would do successful things for the future showed a long-term approach, while investors with a cyclical view were in a medium-term approach. Investors who wanted to make money quickly, on the other hand, were looking at the events in the short term due to the news flow and market orientation.
Krypton 2023 in the year Looking at the report card, it can be seen that the medium-term investment strategy has started to fade as a result of the environment created by the market conditions. Investors cannot predict what they may encounter cyclically, either LONG maturityor short maturityThey follow a buying strategy.
FTX bankruptcy, crypto institutions bankruptcy one by one, US inflation, USA interestSpeeches by Fed Chairman Jerome Powell and SEC Chairman Gary gens Many factors started to shape the market. Investors are struggling in the market according to news feeds.
Medium-Term Impact: The Losers Club Expands
The disappearance of the medium-term strategy has led to the disappearance of expectations in many altcoins. Some altcoins, which aim to create a large ecosystem and quickly build a community, cannot stand out much these days due to the loss of the medium-term strategy. Especially MinaAnd Chiliz, since the beginning of 2023 not much in social metricscouldn’t take a step.
Alright Losers clubWhat happened to the new members?
Couldn’t Debut: Mina (MINA)
Losers club’s new member Mina ( MINA) happened. Zero Knowledgetechnology and released as the lightest blockchain in the world. Mina was not able to exit due to the influence of market conditions. Mina continues to experience price instability, especially due to the supply it puts into circulation and the insufficient demand for this supply.
January 1, 2023average in priced at $0.43movable MINA, nowadays around $0.40 . The popular project, which has not been able to debut since the beginning of the year, could not gain stability in terms of price either. MINA, as the highest level this year He saw $1.20.
In late 2022, there was a market period in which stablecoin FUDs were intense and many stablecoins were in trouble. Although the new year is thought of as the arrival of the bull market, it does not progress as expected. Especially from Mina’s point of view, it cannot see the demand it expects in the inflationary supply structure.
CoinGeckoAccording to data from MINAcirculation supply of It became 918,085,643. Since the beginning of the year, MINA has put a supply of close to 300 million in circulation . When project updates do not reach to MINAorienting interest disappeared and no new investors began to come. Therefore, due to increased supply, selling pressure and decreasing interest The MINA price could not debut.
Introduced as a new major coin and shown as competitive, MINA has been going through tough days since its launch. CoinGeckoaccording to the data, of MINAhighest point at $9.09, lowest point It was 0.38 dollars.
in MINA When we consider the events, the disappearance of the medium-term strategy and the lack of long-term investor interest in the project come to the fore. Investors who want to make short-term gains are in these market conditions. MINA preference doesn’t.
Below Expectations: Chiliz (CHZ)
Aiming to create a new crypto category and focusing on sports organizations, Chiliz takes the lead in the Fan Token rush. Fan Token issuer socios, Chiliz It had been created and released on the Ethereum network. Chiliz’s influence on the market has reached millions. Crypto a new discourse began in his community; “ Fan Tokens and a new category of crypto“
Chiliz , once made such a big impact that it managed to attract investors from all over the world. Taking the bull market behind it Chiliz made a name for himself by promoting his project and establishing partnerships with major sports organizations. According to most crypto investors Chiliz, the biggest 5 cryptocurrency projectswould be in between.
The highest point of CHZ $0.878633 dollarswhile the lowest point $0.00410 it happened. Even though the lowest point of CHZ came when it did not exit, looking at the current situation, price is at $0.066 levelshows mobility.
However, things did not turn out as expected. The football teams themselves Fan Token The biggest factors were the sale of . Chiliz almost bled on social metrics and is slowly starting to struggle to attract new buyers.
Chiliz, which was not included in the medium-term investment strategy, was not preferred in the long-term investment strategy due to its exhaustion. crypto investors, CHZThey usually traded on short-term.
2023Looking from the beginning of the year, CHZ has been continuing its downward movement in price day by day. CHZ, January 1, 2023on at $0.100 levelexisted, but looking to the present price came to around 0.066.
Chiliz has recently started making project-wide attacks. Mainnets and creating more diversity in sports organizations Chiliz, still could not experience the exit in terms of price. CHZThe price continues to decrease day by day. CHZ, losing blood, with a market value of close to 1 billion dollars It fell to $357 million.
The End of Another Fury: Pepe (PEPE)
While the crypto money market has been in a bear trend for a long time, there has been a fury that will mark the year. Memecoins are back on the field under the leadership of Pepe. previous memecoinin the rush dogecoin while in the foreground, there was a different cryptocurrency this time. Adopting the frog figure, Pepe managed to reach millions of people in a short time. Even Pepe, he grew so much that he chose as a figure Even the owner of the cartoon was asked.
Pepe , with a remarkable rise, began to take large masses behind it. This audience worked hard to get the popular memecoin listed on Binance. Binance CEO CZ attended the Q&A event. The Pepe community involved in this event appealed to CZ to list. After a short time Pepe , listed on the Binance exchange. So far everything is new dogecoin Although he gave the message that he was born, things did not work out that way. Pepe, which entered Binance, also did not stop the sales. Crypto investors almost took the opportunity to be listed on the stock market and sold their tokens.
Furya lasted so short that it’s not new dogecoin, a new memecoin It was hard to even say. Lately Pepe Analysts have called for it to lock up investors’ money for an extended period of time. The definition of “to lock” means that the investment made is almost imprisoned in that project.
Criticism about the project comes one after another. Many people say that Pepe is actually a hoax and does not offer anything forward-looking. But the community behind Pepe hasn’t dispersed yet. A group of investors believe Pepe will rise again.
Pepe is having a hard time recovering the attention and relevance he’s lost, as SEC lawsuits are now hitting the market hard. falling into decline Pepeis about to collapse under the influence of the market.
Pepe hits its highest with Binance listing $0.00000431 determined up. In addition, Pepe, in the first time on the market 0.000000055142 dollars was level. In the downtrend known as the bear market, Pepe was so elated. 1.5 billion dollars had reached market value. But Pepe’s market value today It came down to $389 million.
Popular memecoin , has lost close to 80 percent since its highest point. I guess things for Pepe are left to the emergence of a new trend. Because where Dogecoin and Shiba are, Pepe seems to have a hard time coming to the fore as a project.
It Couldn’t Flow Like Water: Sui (SUI)
losers of the Clubthe latest member and perhaps the most anticipated crypto project sui draws attention with its failure in price. although SUIAlthough the market effect was also effective in the decline, the progress of the project seems to have been interrupted.
Sui gained popularity after Arbitrum’s airdrop. airdrop hunters , they turned their new target to Sui. Thousands of investors SUI airdrop to win Joined the project community for This gave Sui popularity.
Later sui, local token of SUIannounced that it will be listed on many exchanges.
Everything suiWhile doing well for his project, the turbulent process in the market and the accompanying FUDwave, SUInegatively affected the price. of SUIappearing behind FOMO quickly dissipated due to negative news flows. Sui, which is said to be among giants such as Ethereum and Solana, is now trying to hold on.
According to data from CoinGecko, SUI, when released He saw $2.16 . This situation, which made a lot of noise, would leave its place to silence in time. SUIbreaking moment, OKXfor the airdrop campaign carried out with FUDcame with the tide of waves. SUIstarted to decline before the market had collapsed yet. in SUIthe fall became so sharp and so drastic that The price went down to $0.55.
SUI, 1 billion dollars managed to reach a market value close to the market. But the long-running price drop has eroded the market value of SUI. 343 milliondown to dollars. SUI, managed to be a project experiencing rapid growth, as well as a project with rapid loss of interest.
Losers club These projects, which were the guests of the second series of . So much so that when the bull market started, it was said that these crypto projects would take the lead. However crypto-, it turns out to be a technology far beyond the plans and rumors.
