cryptofamily

The cryptocurrency market may be nearing the end of the thick protocol theory

According to PANews, Arthur, founder and chief investment officer of DeFiance Capital, expressed on social media that the cryptocurrency market may be approaching the final phase of the 'Fat Protocol' theory. This theory has reportedly caused long-term damage to investments in cryptocurrencies other than Bitcoin. Arthur emphasized that successful application projects are typically valued at five to ten times their revenues, while infrastructure projects that have shown little growth over the past two years are still valued at 150 to 1,000 times their revenues. He believes that the speculative premium bubble in crypto-infrastructure has officially burst.💥