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It's pretty telling that Monero, a project with actual utility, underperforms in terms of value/attention compared to pump and dump scams or useless NFTs / toke
by andrepd 4y ago
It's pretty telling that Monero, a project with actual utility, underperforms in terms of value/attention compared to pump and dump scams or useless NFTs / tokens.
- pcthrowaway 4y agoYou're comparing its market cap, when that's not that important. People know what Monero is, and it's likely one of the most important cryptos for many people. It's also in a legally tenuous area in many jurisdictions, and therefore perhaps not considered as 'safe' for people who just want to speculate on price. It's still massive, and a 2.6 billion $ market cap is nothing to sneeze at. Not sure why we need to compare everything to the price of other projects in the space. The fact that people inevitably place so much emphasis on 'price' (as denominated in USD of course), is really the most negative consequence of the space.