While many new ideas and trends managed to gain a big share of the market, some turned out to be fads 🥲 Do you agree with the list, and are you still running with these trends? 👇
Join us in showcasing the cryptocurrency revolution, one newsletter at a time. Subscribe now to get daily news and market updates right to your inbox, along with our millions of other subscribers — what are you waiting for? took the blockchain sector by storm by promising to shake up the way that games are monetized while allowing players to earn rewards for their in-game efforts.
This system led to the meteoric growth of some P2E coins. At peak popularity, players could expect to earn potentially hundreds of dollars each day. However, as competition increased and both user acquisition and retention became vastly more difficult, most P2E games began to buckle. Some could not sustain attractive rewards in the face of rampant token inflation, and many saw a dramatic exodus as their users flocked toward other offerings.
But as the months progressed, an avalanche of low-quality projects flooded the scene in search of easy funding. This dramatically increased competition among launchpads, leading to a tectonic shift in the way that public sales were handled. Some projects began to enforce stringent vesting schedules on public participants and suffered from a highly inflative supply — leading to long-term price suppression in the absence of significant demand.
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