Uptrennd A Case Study In Cryptocurrency Expectation Verse Reality Reasoning
Hello! Friends,
It's Friday!!! You agree with me that when a thing is good it's great but when it's become bad it's awful. This statement is what I want to use to describe cryptocurrency and blockchain world today. With a sudden increase in new crypto-related project, it seems like we are making progress or this is just baseless market speculation? Trend with me gently as I elaborate on this statement.
Let's start with Short-term and Long-term Strategies In Crypto Space
Short-term or Long-term strategies?
There are many users that got addicted to an unsustainable strategy when they sighted projects that grow at an incredible pace in just weeks. Every project now categories under cryptocurrency tab, but we need to know that it's unreasonable because every project is different with different goals, teams, users, purpose, and production speed. When considering users in a community, there are those that care deeply about the projects and look out for how the tech team is doing, in all their check, they seek for a sustainable business built and make sure there is mass adoption. This kind of users is described as long-term supporters.
On the other hands, there are those who are in for the money! When blockchain started, it did not generate any sound until people start to make money. Considering this factor, it takes users with a large heart to commit his time, resource, money on a project that yet fetching him money. People that push a project the moment they sense there is money to be made, most time leverage on what I call Golden Ticket, they will push a project to an exchange listing and so other areas they believe can bring value to them, these are the people I considered as Short-term Traders.
In crypto space every one of them has their place, the only issue we have is when one side massively outnumbers the other, there is chaos!!! This, therefore, call for Project Development.
Project Development In Crypto Space
All humans are rational beings, this makes it applicable in everything around us. Can someone tell me, what is impacting the bull market at the moment? Oh, you are thinking about it? What of if I say, it is the state of mind and not what we call technological advancements will you believe this?
hey! friends, the reality of this is that when you a better project with the right focus on developing it, the better it is for everyone that picks such project and this is the only logical and rational explanations. On this, no matter how the downtrends or declines generally, it will be a negative effect on such project because the users' belief in such project and the downtrend sighted is general so they see nothing wrong with such project.
Why this Point Above? It's not news for those of us familiar with blockchain-related projects, their major focus is usually on transparency, ready to share information with the community, and releasing free hand to all the users and supporters to know and see the development process.
Are Projects Worse now Than They Were Before?
A flashback to how I started on the blockchain, it has been great communication with project owners, transparency in developing strategy they put in place and this brought in social media active mood, relationship in interaction and so many projects has failed many of us, through this. With the present-day activities and new projects, I feel its more reliable than what we have before. As we grow in age, technology advancement comes in and we are gaining more understanding about the system that works as against the one that is using us to make money.
What Are The Metrics You Look At When Considering A Successful Project
In this study, I will use Uptrennd Project as a case study. The metrics a person use in determining the success of a project still bases on rationalization. It is still dependent on what you think is your metrics. It has happened that people come up with manipulations, false claim just because they are angry about a project, forgetting the fact that as uptrennd is, she is the most interactive social media platform for now, even though this project focus on cryptocurrency only. There is a real-world usage over every other fake metrics and this is blogging metrics that reward every quality you give to the community via 1UP token.
I stumbled upon a discussion somewhere on telegram analyzing the price of 1UP dropping and ended it with a statement saying, but the platform is growing. Does this sound negative? No!
When you consider the number of people adopting cryptocurrency this day and you still stumble upon a project growing alongside, it is a typical example of a sustainable platform. As the user base increases, more work is committed into the hands of the admin of such project and this is the level Uptrennd Platform found herself presently and this platform is making a lot of sense.
In conclusion, a sustainable project is first determined by the team around such a project, the product developed, and the community created. When all this are in place, it is the responsibility of the user to make the project a better place to stay and draw the attention of more users to adopt the project and your action towards the growth of such a platform contribute either positively or negatively, it is a determinant of what your action is. Stop Gaming The System, It Won't Help You!!!