Trading crypto in 2020: Do token fundamentals ​actually ​matter? (Sanbase Pro report)

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Oct 16, 2020

Back in the ICO heyday, most cryptocurrency valuations began and ended with the project whitepaper.

If the token idea made some semblance of sense (which too was open for interpretation), it was usually deemed highly investable and easily pumpable by the ROI-hungry market. Proper due diligence was for the bears, and relying on fundamentals or analyzing on-chain activity was by and large considered a nerd’s game.

Fast forward a few years, and the ‘throw crap at the wall and see what sticks’ approach to investing has produced thoroughly expected results. According to ​multiple reports​ from the beginning of this year, more than 1,800 cryptocurrency projects launched since 2017 have failed, with new vaporware tokens added to the list weekly:

Not one for subtlety, eh Coindesk?, a website that keeps a growing ledger of abandoned and otherwise deceased

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