Fundamentally Sound Projects
Introduction
In this crypto carnage, everything has been falling a lot, no matters the fundamentals behind. Great projects, bad ones, scammy ones, everything is thrown away like garbage.
Indeed, global macro is very scary with an explosive cocktail of rising inflation, agressive interest rates hiking policy by the FED (and other central banks), crypto domino’s falling after one another (Luna, Celsius, Tron and presumably 3 Arrows Capital, the well known crypto hedge fund from Singapore).
Panic is at maximum level. People think crypto is suddenly going away and will never come back.
This is false.
The current crash has been caused partially by the negative global macro environment but the main reasons are hubris and greed of some of the biggest crypto players thinking they could fly close to the sun without burning (Do Kwon and its confidence to collateralize an algorithmic stablecoin and offer unsustainable yield on Anchor) or Su Zhu and its super cycle thesis and taking excessive leverage thanks to his reputation in the market).
Once the excesses have been purged, crypto markets will rise again. Thinking DeFi, NFTs and DAOs won’t revolutionize the world is crazy. Everybody (banks, governments, private companies) is looking at crypto right now. We are at the end of a cycle and a new one will start after our beloved bear market.
In a bear market, it is almost impossible to catch the final dip that’s why most investors will DCA their entry in the market. That sounds a reasonable strategy.
With that said, the current market is full of opportunities thanks to the crash. We provide a list of fundamentally sound projects (in our eyes for what it is worth). At least these projects have a working product and are generating revenues. They also come with risks which we list the most significant as well.
Here you go.