Crypto Market Skepticism Grows Amid Token Over-Saturation and Potential Downturns

I believe that tokens like Notcoin and NotPX are poor investment choices, especially considering the current crypto market dynamics. It's interesting to observe how opinions shift over time. Initially, there was a focus on launching numerous tokens, but now there's a consensus that tokens, in general, are bad investments across the entire cryptocurrency sphere. This skepticism isn't solely because many projects have been poorly executed or lack real product value but also due to market saturation and diminished community enthusiasm, leading to lower overall token utility. A key insight is that, in a few years, profitability might come predominantly from insiders and those employing advanced AI-driven quantitative trading strategies. This aligns with broader market debates about the future profitability sources in cryptocurrency trading, especially considering the historic resilience and evolution of traditional markets since 1600. The traditional stock market has grown from simple pit trades to high-frequency trading, yet crypto faces its own systemic challenges and potential for crises. I concur that tokens created by weak founders, especially those mainly valued for AirDrops, are essentially junk. The crypto market may face frequent crises, and a severe systemic collapse could occur within the next one to three years. Historically, many 'new' narratives, like ecosystem stickers or collections such as BAYC, seem gimmicky at first and only become clear as overhyped or fraudulent after some time. Additionally, the instability of projects like Not and the losses on early BAYC series underscore that many new crypto trends are recycled or overhyped. If platforms like the sticker store go south, it’s likely that key figures, like Sasha, will distance themselves from the projects, as previously seen with NotPX. Overall, I see growing risks in the crypto space, especially among poorly backed tokens and overhyped projects, and advise caution as the market looks to potentially face significant downturns in the near future.