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Gonna be interesting to see how crypto's first recession goes
It'll kill all the shitcoins hopefully. Maybe wishful thinking but it's about time that crypto projects have to survive by providing utility and innovation rather than hype and bombast.
That said, everybody is suffering right now. Some of the good projects will die too.
Stonehedge-
Yeh, Bancor is one of my bags and currently Link marines are trying to create a death spiral and kill it. This is on the back of Celsius failing which was one of the biggest stakers on Bancor, 3AC going insolvent who staked in Bancor and all while it transitions from v2 to v3. It is a huge stress test for the protocol but if it survives then it will come out well proven as a top tier Defi platform and not just a place for shitcoin roulette like many of the other alternatives. Fun times, price is being crushed currently but potentially good buying opportunities for the believers.
greentricky
Gonna be interesting to see how crypto's first recession goes