Dan Romero
@dwr.eth
Except for Bitcoin, all crypto asset prices are downstream of usage.
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six
@six
doesn't ADA/XRP/etc refute this? high valuations but no usage
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Dan Romero
@dwr.eth
How much depth of book? What is the effect of selling $100M at the spot price on all these?
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six
@six
idk how to find that specifically but afaik some of the dinocoins are quite liquid - XRP does more daily volume than SOL, BNB, etc. i think these assets still have large retail cult narratives built over time that drive prices and are not purely usage based
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