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@illiaparkhom
As I promised, I will share with you my personal opinion on why Tap to earn despite millions of users (Paws 72 mill in peak, Yescoin still 2.5 million users a month, similar numbers with Bums) are out of date
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@illiaparkhom
Firstly, the need for Tap to Earn projects is irrelevant now. All Notcoins, Dogs, Hamster Combats and so on were created purely for mass adoption in crypto, in particular to attract more people to trade in CEXโ€™s. After main projects has been listed, the relevance of other one, with similar stats, has been disappeared and this resulted in their MC and listings: Catizen with just over 20 million active users secured in September Binance, whereas PAWS with more than 50 million not. This is because same people were involved in paws farming as in Notcoin, MEMEFI and Major. Thus, exchanges wonโ€™t get new users, so they donโ€™t list new tap-to-earn projects and this result on the MC and price of the coin
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@illiaparkhom
Secondly, the past trend of terrible listings of recent tap-to-earn projects. After bullish November with top listings of Catizen, Memefi, X empire and Majors, which allowed to double, triple or even get 5x of initial donations in return, the stagnation began. Market has started to fall down, many projects either start to postpone the listing like $W or $PAWS, whereas others just listed and people got lose from their initial investments. Examples are $TOMA, $TAPS or, the most vivid one, $Memhash. This created the tension and uncertainty from potential newbies which resulted in lack of interest to even good projects. Hence, without popularity, the projects lists with just terrible MC
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fradodoal
@illiaparkhom
Finally, there is no real application or future for all tap-to-earn projects. Even looking at Notcoin, who introduced staking and utility to itโ€™s ecosystem, their price has dropped by 84% since listing (source: CoinMarketCap) and other one dropped even more, because no one want to hold some trash tokens in the times, when Ethereum falls on 20% in a day candle
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