The entire markets have been rumbled beyond what any seasoned cryptocurrency trader has ever seen before. Back to back crashes have ensued without any let up. The current market trend will definitely weed out the garbage tokens from the good ones.
Tokens with utility will survive. The tokens without utility will fail miserably. Sure, there may be a few that fall through the cracks and make it. However, many coins will tank.
We have an over saturation of both utility and toilet coins. Once the toilet coins are flushed out, we will still have over saturation of utility coins.
The competition between utility coins will also cause another crash. Markets may go wild and you will see people jumping from one coin to the next. Liquidating back and forth until one settles in.
This impending doom is something that developer teams are not looking at. Good development teams need good business strategy and now is the time to begin hiring professionals to do the job.
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