Some people here think the world owes them guaranteed profits. You have invested in a project you believe will reward you with something bigger in return, yet you lose your cool every time you see red or it has been a “stablecoin” lately. I think this bunch of people either bought when lumens was at .40-60.

I believe that the people who have the largest holdings don’t even moan about this price. They have a strategy instead. They don’t constantly check the price and complain about how XLM is dipping or not pumping up hard lately. They are probably buying this dip more, or they have cashed out their initial investments and let the profits ride. They are probably more interested in learning what Stellar does to check if its mission is still being actively developed and upheld by SDF, so they’ll have the assurance albeit not guaranteed that they have put their money in the right project. They are probably the most patient ones cause they are secured by the fact that Stellar has gained more adoptions, and it has been around since 2014. It has survived the harsh crypto winter by developing more projects.

Cryptos have definitely caused a lot of “investors” (might as well say speculators) to have short-term memories and expect numbers to go up instantly. When they don’t, they think the coin is a shitcoin and jump into another one.

It is funny how we even call it cryptocurrencies when people don’t treat them as currencies but assets.

I get that it is highly frustrating knowing how XLM still hasn’t reached its ATH while some coins did. What this just shows me is that the market is irrational.

Consider Doge, a memecoin but went parabolic; XRP with Ripple being sued for selling XRP for profit yet it is still soaring; CAKE and BAKE which rose to a high price because of the DeFi hype; ADA with no real projects built yet but future speculations; ETH with congested network and high gas fees; and BTC which has failed to become a digital P2P currency and is now branded as a store of value.

If we talk about fundamentals, Algorand (I don’t hold any) and Stellar are at the forefront. The Marshall Islands used Algorand to issue their national digital currency called SOV. LTO has also gained partnerships with UN and the Netherlands Government.

We can say as well that Ethereum is at the forefront(heck even Bitcoin as it has the institutional backing), but until now it hasn’t fixed its scalability issues and the high gas fees. Sure, Layer2 exists like Loopring but majority of people still use Layer1 and using Layer2 solutions is actually not user-friendly. If Cardano can indeed deliver, then I don’t think Ethereum will be the main player in the long run.

If you look at CoinMarketCap though, most of the projects in cryptocurrency space are either a knock-off of Ethereum or trying to be the next Ethereum.

You have Binance launching its own DEX and taking opportunity of the crazy yield farming hype. You also have ATOM launching its own interconnected blockchain which sounds really cool, and you earn some sweet stakes at 10% APY, but the question that always crosses my mind is this: what important problems are they trying to solve, and have they really solved at least one thing?

Because all I see when it comes to these projects are: GREED. GAINS. SHORT-TERM. HYPE.

You can even earn 30% APY on some. How sustainable is this?

It’s clear. The market is irrational.

When all this hype goes down, I hope projects tackling important problems like Stellar will rise up, and maybe just maybe, XLM will be valued fairly.