Forbes research published a list of 20 crypto billion-dollar zombies.
These are L1s with high valuation but "are unproven and have little utility other than for speculative crypto trading."
Notable mentions: $STX, $ICP, $FTM, $ADA, $EOS...
PUBLIC COMPLAINT TO @AlgoFoundation and @Algorand;
💠15th August total $ALGO in circulation was 7,829,232,219
💠15th October total $ALGO in circulation is 7,925,067,357
💠Taking out 42M $ALGO distributed to Governors for governance period 8, during this two months period, your average daily selling has been 900k $ALGO!???
PLEASE STOP unnecessary selling of your $ALGO. Your USD treasury should be healthy with recent sale to VC?
All you do with sales at this prices is alienating long term holders and supporters like myself.
If you don't believe in $ALGO future value and why you should hold onto it, why expect anyone else to do the same?
I understand why you've had to sell $ALGO to VC over the summer, but this daily selling since is ill advised (I assume by your CFOs).
With this unnecessary daily selling pressure, you are adding oil to the fire and are playing into hands of #Algorand FUDers, which community is fighting on daily basis if you haven't noticed...
@StaciW_DC, @eric_ldn, @JohnAlanWoods, @silviomicali, Harpal Singh, Matthew Commons
The dismal conditions we face today are the very conditions that lead to a new roaring bull market; always have, always will. Bull markets are born out of recessions, and all bear markets lead to new bull markets.
Your job is to wait patiently and remain disciplined. Your job is to ignore the pundits and conventional wisdom. Why? Because conventional wisdom produces conventional returns.
Your job is to muster up the courage to be exceptional. Admittedly, being exceptional is not easy. That's what makes it so rewarding and rare. Your job is to survive the bear market, not defeat it. Your job is to survive that little voice in the back of your head that wants you to take the easy way out; to throw in the towel... to blame and make excuses.
But if you quit when the going gets tough. If you fall prey to your emotions and the good opinion of others (most of who never attained massive success in the stock market), you'll be nothing more than another trader with bad beat stories that didn't exploit the one thing you had complete control of... choice. You will fail to prepare and you will not be in position - ready and able - for the next great opportunity, simply because you failed to believe in yourself.
Without a doubt, as always, a great opportunity will emerge in the stock market. And without a doubt, those who are best prepared for it will make a fortune. The proverbial radio will keep on playing. The only question is... what channel will you be tuned into?
Check out our upcoming listing on https://t.co/UcxkZhfKTV and https://t.co/fCVvH9zy7U: $ALGO spot market!
Live on April 26, 2022 at 2pm (UTC)
@Algorand
Listing details on ALGO can be found here:
FTX: https://t.co/9t7lwiLiRl
FTX US: https://t.co/5az2N5TJWk