Everyone is an expert in a bull market and it looks like many projects may not survive this bear. With BTC falling below half of its all-time high, it is clear that altcoins are barely surviving.
Many of the coins that will do well in the bull have to get something right in this current market. As expected, many investors have once again left the market in response to the dip. Clearly, only the strong (diamond hands) will stay put when the bears are around.
The market has been rocked by the rapid fall of Terra’s LUNA & UST, with the stablecoin falling below 50 cents at some point. There are claims that the fall is mostly down to the fact that there are unlimited supply of LUNA.
More importantly, this market isn’t the best market for projects facing full-scale hyperinflation. Since this is the period for building and learning. Those facing hyper-inflation at any scale could learn a few tricks from $GREEN (previously $DINO). It might sound simple but it’s clear many of these projects have to do better.
Greenhouse s tackling the hyperinflation issue head-on unlike most projects waiting till it gets out of hand. With too many tokens in circulation, $GREEN did not stop at maintaining a migration ratio of 100 $DINO to 1 $GREEN, the team also ensured that there is a regular and consistent burn of tokens. This multi-layered attack on hyperinflation is an efficient approach, especially for projects that intend to survive the bear.
For a project making such an effort, there is no denying the fact that only the bull can fully reward the effort. This explains why I am constantly bagging $GREEN. Not only is the market cap low enough for a good profit, but the token is also at a good entry point and the hyperinflation crisis will be a thing of the past in no time.