Dear Community, I’m puzzled and would appreciate your insights. We’re witnessing

Question

Keran2001

Dear Community, I’m puzzled and would appreciate your insights. We’re witnessing

a thriving overall market: the S&P 500 and Nasdaq are at all-time highs, and the Dollar Index (DXY) is notably declining. Meanwhile, Bitcoin is strong, currently at $40,000, tripling from its recent low.

In this context, I’m wondering why SYS (Syscoin), despite their groundbreaking technology in the crypto space, is not experiencing similar gains. If SYS doesn’t increase in value under these ideal market conditions, when will it?

Additionally, there’s a concern that if Bitcoin retraces back to $30,000, SYS could plummet to around 5 cents. Am I missing something here, or is there an explanation for this trend?

Under normal circumstances, a ‘risk-on’ market sentiment would lead investors to explore promising technologies like those offered by SYS (Syscoin). Given the current market highs and the innovative technology SYS claims to possess, it’s perplexing why we’re not seeing more investment activity in SYS.

One might expect that in such a bullish market environment, SYS would attract significant attention and investment, especially with its claimed potential to revolutionize the crypto space. However, this anticipated surge in interest and value doesn’t seem to be materializing.

Is there a particular event or milestone that investors are waiting for before committing to SYS? Or is there another factor at play here that might be causing hesitation among investors?

Your insights on this matter would be greatly appreciated.

Looking forward to your thoughts and explanations.

#cryptocurrency #english #syscoin

0

25.01.2024

2 ответов

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Tobias

If everyone in here takes a little bit of their free time to tell other people on Twitter or other social media about Syscoin, we can help the team to speed up the process of drawing attention to the project

0

3 месяца назад

Tobias · Accepted Answer

My guess is that market is oversturated with projects and coins / tokens. And all of them claim to have revolutionary tech etc. Imagine being a new investor with 0 knowledge and looking for a crypto project to invest in. You would look for a) new projects and start doing your research on them b) projects that are in top 100 market cap and start doing your research on them Syscoin is neither a) nor b) There are what, 10000 coins / projects out there? Or even more? As an investor you have time to do some research on maybe 100 projects, then dive deeper into 20 projects and then you will make a decision which project to invest in. And a lot of the investors that have been in the space for a longer time have usually already picked their projects they are investing in and if they want to invest into something else they will look for new projects. I think for syscoin it is difficult to get attention because it is an old project with low marketcap. But if the team keeps building and we start to see more partnerships and onchain activity / users, there will be more eyes on syscoin. The technology is one of the best in the crypto space, maybe even the best. I think it is just a matter of time until syscoin get's the attention it deserves, but it is a much slower process than for new projects or projects with a high market cap.

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Dear Community, I’m puzzled and would appreciate your insights. We’re witnessing

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