Hypes, Bubbles and Bursts

Let’s look at some major hypes, bubbles and bursts related to technological innovation and crypto (summarized by using ChatGPT)… as we can learn from history as it often repeats.

Before looking at possible next “bull” triggers for the crypto market and $RITE especially.

How It Started (1990s)

• The dot-com bubble was fueled by the rise of the internet and the excitement around its potential.
• Investors and venture capitalists rushed to fund internet-based startups (dot-com companies) with little concern for profitability.
• Many companies went public through IPOs (Initial Public Offerings), often seeing stock prices skyrocket despite weak business models.
• The Federal Reserve’s low interest rates in the late 1990s encouraged more borrowing and speculation in tech stocks.

Peak of the Bubble (1999–2000)

• The Nasdaq Composite Index, heavily weighted with tech stocks, soared to an all-time high of 5,048 in March 2000.
• Companies like Pets.com, Webvan, and eToys became famous examples of startups that burned through cash without generating profits.
• Many investors ignored traditional valuation metrics like P/E ratios, believing that “growth at any cost” was the future.

The Burst (2000–2002)

• In March 2000, investor confidence began to wane, and the market started selling off overvalued tech stocks.
• The Federal Reserve raised interest rates, making borrowing more expensive and discouraging risky investments.
• By late 2000 and 2001, many dot-com companies ran out of cash and went bankrupt.
• The Nasdaq crashed by nearly 78%, bottoming out at 1,114 in October 2002.
• Major companies like Amazon and eBay survived, but many others disappeared.
• The recession of 2001, partly triggered by the crash, led to mass layoffs in the tech sector.

Aftermath and Lessons

• Investors learned that hype without sustainable profits is dangerous.
• The bubble laid the groundwork for Web 2.0 and future tech giants like Google, Facebook, and Amazon, which learned from past mistakes.
• The dot-com crash reshaped Silicon Valley, making investors more cautious about where they put their money.

The Crypto ICO Bubble and Burst

How It Started (2016–2017)

• The rise of Bitcoin and Ethereum sparked massive interest in blockchain technology.
• Ethereum’s smart contracts made it possible for startups to create their own tokens and raise funds through Initial Coin Offerings (ICOs)—a new form of crowdfunding.
• Investors, eager to find “the next Bitcoin,” poured billions into ICOs, often without due diligence.
• Unlike traditional IPOs, ICOs had little regulation, allowing almost anyone to launch a token.
• The 2017 crypto bull run pushed Bitcoin to nearly $20,000, fueling even more ICO speculation.

Peak of the Bubble (Late 2017 – Early 2018)

• At its height, over 80% of ICO projects had little more than a whitepaper and a website.
• Some projects, like Ethereum, Binance, and Chainlink, became real successes.
• However, many ICOs were outright scams or poorly executed, leading to failed projects.
• Regulators, especially in the U.S. (SEC) and China, started cracking down on fraudulent ICOs.
• The total crypto market cap peaked at ~$830 billion in January 2018.

The Burst (2018–2019)

• Regulatory scrutiny increased, with the SEC ruling that many ICOs were unregistered securities.
• Bitcoin and Ethereum crashed by over 80%, dragging the entire crypto market down.
• Projects with no real use case or revenue model collapsed, leaving investors with worthless tokens.
• Scams like Bitconnect were exposed, and investors lost millions.
• By early 2019, the ICO market was virtually dead, and startups moved toward Initial Exchange Offerings (IEOs).

Aftermath & Lessons

• Investors learned (again) that hype without fundamentals leads to crashes.
• Many projects failed, but some (Ethereum, Binance, Polkadot) became major players.
• Regulators now enforce stricter crypto fundraising rules.
• The collapse paved the way for DeFi (Decentralized Finance), NFTs, and later, the 2021 bull run.

The Crypto IDO Bubble and Burst

How It Started (2020–2021)

• After the ICO bubble (2017–2018) and regulatory crackdowns, new fundraising models emerged, including Initial DEX Offerings (IDOs).
• Unlike ICOs (which were hosted on centralized platforms), IDOs launched tokens directly on decentralized exchanges (DEXs) like Uniswap, PancakeSwap, and SushiSwap.
• DeFi Summer (2020) fueled massive interest in decentralized finance (DeFi), with yield farming, liquidity pools, and decentralized lending making crypto more accessible.
• IDOs promised fair launches, lower costs, and instant liquidity, leading to a new speculative mania.

Peak of the Bubble (2021)

• The crypto bull run of 2021 sent Bitcoin and Ethereum to new all-time highs ($69,000 for BTC, $4,800 for ETH).
• IDO launchpads like Polkastarter, DAO Maker, and BSCPad gained traction, offering exclusive early access to new tokens.
• Many IDOs had insane returns, with some tokens 100x-ing within hours after launch.
• Hype and FOMO (fear of missing out) drove massive retail investor participation, often without due diligence.
• Memecoins (e.g., Shiba Inu, Dogecoin clones) and GameFi projects (Axie Infinity, Star Atlas) contributed to speculative excess.

The Burst (2022–2023)

• Macroeconomic factors (rising interest rates, inflation concerns) led to a broader market downturn.
• Terra/LUNA collapse (May 2022) triggered a crypto-wide liquidity crisis, destroying trust in many projects.
• FTX’s bankruptcy (November 2022) exposed shady dealings and further crashed crypto markets.
• IDO tokens, which relied on hype and liquidity, plummeted as investors pulled funds from speculative assets.
• Many projects either failed, rugged, or became ghost projects, leaving investors with worthless tokens.
• The IDO model lost momentum, with investors now demanding real utility and long-term sustainability before investing.

Aftermath & Lessons

• Stronger focus on regulation: Governments and agencies (SEC, EU regulators) are cracking down on unregistered securities.
• Shift toward real utility: New projects focus on DeFi, real-world use cases, and tokenomics sustainability.
• Investors became warier of overhyped launches, learning that not every IDO is a golden ticket.
• Launchpads adapted, implementing stricter vetting processes for projects.

What’s Next?

Institutional players are entering DeFi, potentially bringing more stability and legitimacy to fundraising.

IDOs are not dead but are evolving into more regulated and structured models like Initial Game Offerings (IGOs) and Initial NFT Offerings (INOs).

The Crypto NFT Bubble and Burst

How It Started (2020–2021)

• NFTs (Non-Fungible Tokens) gained traction due to their ability to prove ownership and uniqueness of digital assets on the blockchain.
• Ethereum’s ERC-721 standard became the foundation for NFT marketplaces like OpenSea, Rarible, and Foundation.
• The DeFi Summer of 2020 brought more users into crypto, setting the stage for NFT mania.
• Artists, musicians, and influencers embraced NFTs, selling digital art, collectibles, and even tweets.
• The 2021 crypto bull run and COVID-19 lockdowns led to mass adoption, with celebrities, brands, and companies joining the space.

Peak of the Bubble (Mid-2021 – Early 2022)

• High-profile NFT projects like CryptoPunks, Bored Ape Yacht Club (BAYC), and Art Blocks skyrocketed in value.
• Beeple’s artwork “Everydays: The First 5000 Days” sold for $69 million at Christie’s, bringing mainstream attention.
• NFT gaming projects like Axie Infinity and metaverse worlds like Decentraland and The Sandbox gained massive valuations.
• Brands like Nike, Adidas, and Disney jumped into NFTs, fueling speculation.
• Many retail investors and celebrities FOMO-ed in, believing NFTs would be the future of digital ownership.
• The NFT flipping culture emerged, with people buying NFTs just to sell them at higher prices.

The Burst (Mid-2022 – 2023)

• Crypto market crash (May 2022) due to Terra/LUNA collapse led to a sharp decline in NFT sales.
• Macroeconomic factors (inflation, rising interest rates) made speculative assets less attractive.
• FTX’s collapse (Nov 2022) shook confidence in the broader crypto ecosystem.
• NFT prices plummeted, with many blue-chip collections losing 80–90% of their peak value.
• The market became flooded with low-quality, cash-grab projects and rug pulls, eroding trust.
• Ethereum gas fees remained high, making transactions costly.
• By 2023, NFT trading volume had dropped by over 90% from its peak.

Aftermath & Lessons

• NFTs are evolving beyond hype: The focus is shifting to real utility, such as gaming, ticketing, music royalties, and digital identity.
• Big brands still experiment: Starbucks, Reddit, and Nike continue NFT-related initiatives with a focus on loyalty programs and digital assets.
• Regulation is increasing: Governments are cracking down on NFTs used for money laundering and securities-like behavior.
• Investors learned the hard way: Many realized that scarcity alone doesn’t guarantee long-term value.

What’s Next?

Gaming and metaverse: Despite setbacks, companies like Epic Games and Yuga Labs are still building NFT-driven gaming ecosystems.

Integration into real-world assets (RWAs): NFTs are being explored for real estate, luxury goods authentication, and tokenized stock ownership.

AI-powered NFTs: The next wave might include AI-generated dynamic NFTs that evolve over time.

How It Started, Early Origins (2013–2019)

• The first major memecoin, Dogecoin (DOGE), was created in 2013 as a joke by Billy Markus and Jackson Palmer, based on the popular Doge meme.
• Despite being a meme, Dogecoin developed a strong community and was used for tipping, charity donations, and microtransactions.
• Memecoins remained niche and not taken seriously until the crypto bull run of 2020–2021.

The Rise of the Bubble (2020–2021)

• Elon Musk began tweeting about Dogecoin in early 2021, fueling massive retail interest.
• DOGE’s price surged over 10,000%, reaching an all-time high of $0.73 in May 2021.
• Seeing DOGE’s success, developers started launching thousands of new memecoins, including:
  • Shiba Inu (SHIB) – Marketed as the “Dogecoin killer,” SHIB 1000x-ed in value within months.
  • SafeMoon, Floki, and Baby Doge – Promised high returns but relied mostly on hype.
• Many memecoins launched via Binance Smart Chain (BSC) due to low fees, making it easy for anyone to create a token.
• Retail investors, TikTok influencers, and celebrities promoted memecoins, drawing in millions of speculators.
• The NFT and DeFi boom added fuel to the fire, as some memecoins integrated staking, yield farming, and NFT utilities.

Peak of the Bubble (Late 2021 – Early 2022)

• Shiba Inu (SHIB) flipped Dogecoin briefly in market cap, fueled by its massive community and token burns.
• Memecoins dominated social media, with projects being hyped on Reddit, Twitter, and Telegram.
• Some traders made millions overnight, further driving FOMO (fear of missing out).
• However, most memecoins lacked real utility, relying solely on hype, celebrity endorsements, and community momentum.

What Led to the Bubble Bursting? (2022–2023)

• Crypto Market Crash (2022) – Bitcoin and Ethereum crashed after the Terra/LUNA collapse, dragging memecoins down.
• Macroeconomic Factors – Rising interest rates, inflation, and reduced liquidity made risky assets unattractive.
• Rug Pulls & Scams – Many memecoins turned out to be pump-and-dump schemes, leaving investors with worthless tokens.
• Retail Exit – As people lost money, retail investors moved away from memecoins, causing liquidity to dry up.
• Hype Fizzled Out – With no fundamental use cases, most memecoins died off, losing 90–99% of their peak value.

Aftermath & Lessons

• Dogecoin and Shiba Inu survived, but thousands of memecoins became worthless.
• Speculation without fundamentals is risky – Memecoins proved that hype alone isn’t enough for long-term sustainability.
• The cycle may repeat – With every bull run, new memecoins emerge (e.g., PEPE coin in 2023), showing that speculation is part of crypto culture.
• Memecoins are evolving – Some projects now try to add DeFi utilities, NFT integration, or real-world applications to stay relevant.

What’s Next for Memecoins?

• More regulation – Authorities may crack down on memecoins used for fraud and market manipulation.
• AI & Gaming integration – Future memecoins may tie into AI-generated content or gaming economies.
• New narratives – Instead of dog-, cat-, frog-themed coins (PEPE), and anime-inspired coins , celebrities-themed tokens as $TRUMP and $MELANIA, are emerging. So shifting from celebrity endorsements to memecoins issued by celebrities.

So, new investment hypes, bubbles, and bursts are common and will come and go over time.

The pattern is more or less the same…

1. The start. Initially new hype based on new technologies, funding options, and new “real” projects with “good intentions” who want to “make the world better”.
2. The bubble. Flood of new projects, some do really contribute, but many are low-quality and will fail. And even worse, (often) due to lack of new legislation, we’ll see many “scam” and rug pull projects.
3. The burst. The burst may be caused by macroeconomic factors (such as inflation, rising interest rates) make speculative assets less attractive, too high valuations (over-speculation), and/or caused by scandals where after authorities introduce more stringent legislation.

Usually, the hype starts with a trigger, a new technology…

Whether it was the development of the internet (Web1), social media (Web2), or Web3 with Bitcoin blockchain, Ethereum network (smart contracts and ERC-20 tokens), Uniswap (DEX with Liquidity Pools and AMM), ERC-721 (NFTs), or AI (ChatGPT), all these new developments created (potentially) game-changing new “revolutionizing” business models and markets. Attracting new businesses/projects with new ideas and good intentions.

Often, these new technological developments also create(d) new funding methods (ICO, IDO, NFT, Memecoins) where the market participants (i.e. investors and “issuers”) had to deal with unclear and “outdated” legislation.

This mix of hype about new technological developments, some initial successes, followed by the entrance of many “low-quality cash-grab” projects without “real” contribution and sustainability, and speculators who drive up prices to too high levels causing FOMO… creates the bubble.

And in the end… bubbles have to burst as investors/speculators come to their senses (often after a new “scandal”, macroeconomic factors, or more stringent regulation) forcing investors to look more at fundamentals and “real” contribution and valuation instead of “hype” and “unrealistic promises”.

So, now we have some understanding about why and how bubbles develop and eventually burst.

Let’s dive into the current crypto world, and start with answering some questions…

In accordance to AlphaQuest 2024 Dead Coins Report…

The average lifespan of a crypto project is 3 years, which is shorter than a typical 4-year BTC cycle.

How Many Crypto Projects Fail on Average?

Just as many business startups will fail, this is the case for crypto projects…

• Studies suggest that over 90% of crypto projects fail within 5 years of launching.
• According to a 2023 report, most crypto projects collapse within the first 12–18 months.
• Around 80% of ICOs (Initial Coin Offerings) from 2017–2018 turned out to be scams, failures, or abandoned projects.
• Even among legitimate projects, only a handful survive multiple market cycles.

Main Reasons Why Crypto Projects Fail

1️⃣ Lack of Real Utility & Hype-Driven Growth

• Many projects launch without a clear use case and rely solely on speculation.
• Examples: Most memecoins, NFT projects, and DeFi forks that had no unique innovation.

2️⃣ Scams, Rug Pulls, & Ponzi Schemes

• Rug pulls occur when developers abandon the project after collecting investor funds.
• Ponzi-like structures (e.g., Bitconnect, SafeMoon) collapse when new investments dry up.

3️⃣ Poor Tokenomics & Inflationary Supply

• Many projects over-mint tokens, causing rapid price crashes due to excessive supply.
• Example: Terra/LUNA crash (2022) – algorithmic stablecoin failure led to hyperinflation.

4️⃣ Lack of Funding & Cash Burn

• Many startups raise millions but spend too fast without generating revenue.
• When funding dries up, teams disband, and projects die.

5️⃣ Regulatory Crackdowns & Legal Issues

• Governments label some tokens as unregistered securities, forcing projects to shut down.
• Example: SEC lawsuits against Ripple (XRP), Binance, and ICO-funded projects.

6️⃣ Security Breaches & Hacks

• Weak smart contracts and poor security lead to exploits, hacks, and drained liquidity.
• Examples: Ronin Bridge hack ($600M), Poly Network hack ($610M), Wormhole hack ($320M).

7️⃣ Competition & Market Saturation

• Many projects copy-paste existing code with minor changes, leading to oversaturation.
• Example: Hundreds of failed Uniswap and PancakeSwap clones.

8️⃣ Market Cycles & Investor Sentiment

• Many projects thrive in bull markets but collapse during bear markets.
• Example: DeFi and NFT projects that lost 90%+ of their value after the 2021 hype died down.

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Key Takeaways

• Crypto is high-risk – Most projects fail, and only a few become long-term successes.
• Survival depends on real-world utility, strong tokenomics, and security.
• Investors should do due diligence and avoid hype-driven FOMO.

In the blog post Altcoin season and RITE I discussed this altcoin season phenomenon.

If you just analyze the crypto price charts of BTC and altcoins and look at the 2 recent crypto bubbles (ICO bubble in 2017/2018 and combined IDO/NFT/Meme bubble in 2020/2021), you may conclude that in line with the 4-year Bitcoin halving cycle, you probably expect a new altcoin season and new ATHs later in 2025 (most common expectation in Q4 2025)…

However, I think that the underlying altcoin “drivers” were not primarily caused by the Bitcoin halving, but caused by new technology developments as described above…

In 2017 it became possible to fund projects via ICOs (made possible by Ethereum smart contracts and ERC-20). And in 2020-2021, the hype started as result of the new possibility to fund projects via IDOs (made possible by Uniswap’s DEXs/AMM)… additionally fueled by the introduction of NFTs and Memecoins.

Although, last 2 cycles, showed an altcoin catch-up (correlation) effect after BTC price moves up due to higher scarcity as result of the BTC halving… for me, the last two altcoin seasons were more of a “coincidence” made possible by new new developments rather than primarily caused by the BTC-halving cycle.

Hence, I don’t believe that an altcoin cycle will repeat each 4 years… but I do believe in new technologies and new hypes… that are (by definition) followed by bubbles (the phase when altcoins outperform BTC) and bursts.

So, the question shouldn’t be… When can we expect a new altcoin season? But we should ask ourselves…

Be aware that I speak about the next trigger as almost by “definition”, after the bubble has burst, the same (crypto) projects that caused the bubble won’t create a new hype and bubble (although “survived” quality projects will follow the market and will move up during new bull periods).

The hype and new capital should come from “new triggers” such as new technological developments, new regulations and politics, new narratives (and business models), and/or new innovative funding methods.

So, it’s now wonder that AI, AI Agents, DeFAI, and DePin (all new technology), RWA and Celebrity Memecoins (new narratives), Making America Great Again (new politics), the Pro-crypto Trump administration (new regulations) get now the most interest as one of these or several may cause the next hype and bubble.

Let’s have a look at some of these potential triggers, and start with…

New clear regulations under the Pro-crypto Trump Administration

In this blog post Effects of Trump Administration for crypto and RITE, you can read about all new positive changes and effects for the crypto world.

In short, the “war on crypto” as under the Biden administration and executed by the SEC and CFTC via legal enforcement, will end under the Trump administration and change its direction to a more crypto-friendly environment.

So, while in the past, more stringent legislation (for ICOs, CASPs, and Token issuers) may lead to the end of a bubble… it’s now the opposite way… to be expected clear and less stringent legislation is booming for the crypto world and will probably create new bubbles.

As TradFi will enter the crypto market, and more ETFs/ETPs will follow… the “Top-100” cryptocurrencies and tokens will profit the first and most. The BTC and ETH ETFs and related options/futures were just the start. Followed by many other crypto spot, ETFs, and derivatives listings on the main exchanges in the US (NYSE, Nasdaq, CME, CBOE).

This will open up easy access to crypto for the current 80%-90% of non-crypto holders via their regular TradFi banks and brokers platforms (they use for stocks, bonds, and derivatives).

And just as for stocks and bonds and related derivatives… the US will become THE crypto center and market leader of the world with main role for USD stablecoins.

And although “Wallstreet” financial institutions want to earn as much money as possible, they can’t afford to support scam tokens and low-quality and low-cap projects as they don’t want to lose their “reputation” and have to “protect” their customers.

So, although the Trump administration will be probably less stringent for crypto in comparison to the EU with its recent MiCA regulation… the fact that “Wallstreet” (banks and brokerages) will take over the crypto market will lead to further professionalism of the whole crypto market with less space for manipulation, better liquidity, and less volatility (due to usage of hedging via derivatives and professional market makers).

And the new legislation for banks/brokers will facilitate the tokenization of financial RWA (stocks, bonds, and derivatives)… This market segment/narrative will probably become the largest crypto asset class in market capitalization.

So, especially BTC and the top-100 crypto tokens will benefit from the new Trump administration.

You know, these top-100 tokens already have a 98% share of the total crypto market capitalization… and these are the tokens that will get ETF/ETP and derivatives listings (options and futures), and will be included in (crypto) Index Funds.

And yes, new tokens will enter and others will leave this top-100… but the top-100 is “unreachable” for all those low quality, scam and rug pull projects and the other millions of low-cap tokens don’t get the required “Wallstreet” and Media attention.

In the past, in 2017, during the ICO boom, there weren’t that many crypto tokens, and many projects got (free) media attention… but now with 11.5M crypto tokens listed on CoinMarketCap… it’s very hard to get any attention for a small-cap (let’s say out of the top-1000).

Made in America (Make America Great Again)

I don’t think I have to explain this “new” narrative. Just look what happened after Trump announced that the Working Group on Digital Assets has been directed to include XRP, SOL, and ADA (besides BTC and ETH) in the US Digital Asset Stockpile.

For years, many crypto projects registered outside the US to avoid unclear laws and potential legal enforcement by the SEC and other authorities. And all in a sudden… having your “seat” in the US becomes almost a must. Just think about Tether…

And “Wallstreet” will prefer “Made in America” without doubt.

New Narratives

Remove the phrase "alt season" from your vocabulary.

You'll be a much better trader for it.

In November, memes had an "alt season"
In December, AI had an "alt season"
In January, agents had an "alt season"
In February, RWA is having an "alt season"

This isn't an up-only…

— Miles Deutscher (@milesdeutscher) February 6, 2025

Inside the blog post Altcoin season and RITE, I posted above “tweet”.

And for January/February 2025, you may add… Celebrity Memecoins “was” having an “alt season”.

As the $TRUMP and $MELANIA hype was quickly followed by the “flopped” $LIBRA memecoin “scam”.

It’s below scope here to discuss all the ins and outs with respect to Memecoins. I suggest reading these 2 articles:

• Memecoins are dead — But Solana ‘100x better’ despite revenue plunge. It describes the rise and fall of memecoins on the Solana network. But it also describes the positive network effects as it drove a huge investment in infrastructure on Solana making it 100x better.
• Memecoins are likely dead for now, but they’ll be back – CoinGecko Founder Bobby Ong.

So, hypes around narratives come and go, just to name some others:

• Bitcoin NFTs, layer-2 and restaking hype ‘completely gone’.
• Crypto’s ‘DeFAI’ sector is down 80% — Can it come back up?

But the risks are high, as again probably most new projects will fail. And how to pick the winners and proper narratives?

Should you try to chase new narratives?

As “retail” investor you lack the (inside) knowledge that VCs often have who fund projects (years) before TGE.

If you read this article… Here’s why chasing trends can be a costly mistake: X Spaces with VCs, you can get an “idea” about how VCs try to stay ahead of the trend. Notice that venture investments typically have a 5-7-year timeline starting at 3 years to TGE and another year for lock-ups and vesting.

Some new narratives these VCs are focusing on: DePIN, Decentralized AI (and agents), and Move-based blockchains like SUI.

So, instead of trying to chase each new narrative… why not focus on the top-100 tokens that exist longer than 4 years?

These are proven “winners” by definition.

And yes, these top-100 tokens won’t do 10x-100x overnight. But on the plus side, these tokens are “less risky”.

And if you believe that BTC is the “anchor” of the total crypto marketcap, and will be dominating the market “forever”, assuming a varying BTC-dominance between 40%-70%, and if you expect the total crypto MC to grow overtime… BTC is your safest and best bet.

Think about it…

No other crypto coin/token will take advantage of new narratives as BTC does…

You know, the total market size increases and so does the BTC price… but why, for example, should the ETH price increase the moment a new memecoin on Solana enters the market? (By definition, in this case SOL will benefit more in comparison to ETH, but that’s not the point… it’s the BTC “dominance anchor” role)

And yes, if the total market increases and as a result the BTC price… you may expect the top-100 coins/tokens to take (partial) advantage as well (as many have CEX/DEX trading pairs with BTC) but at a lower degree in comparison to the BTC price appreciation.

But I understand… people always want to find the next “gem” that will make them 10x-100x (within a short time frame).

And if you were lucky to enter the “crypto world” at the start of one of the hypes (ICOs, IDOs, NFTs, Memecoins) and managed to get out before the “bubble” burst, you could make these high ROIs.

But it’s unrealistic to expect a new altcoin season bubble where all “existing” tokens will do 10x or more.

These high ROIs will only come from new hypes and whether or not you manage to stay ahead of the trend… and have the opportunity to step in early.

OK, long entry about hypes, bubbles, and bursts…

Above description was all on a macro-level. Let’s look at the mini-bubbles for $RITE on a micro-level.

As you can see, there were 2 “hype” moments…

The first in March 2022, around the start of the TGE/IDO where everyone was excited about the new project promising to revolutionize, democratize, and decentralize the Hollywood-driven broadcasting and streaming industry by giving more power to fans and creators.

And the second one in January 2024 when the market “became aware” of the renewed plans around CryptoKnights, the new roadmap for 2024, and hiring of the new CSO (Josheph Khan). The team also introduced RITESTREAM+ Beta, and announced lots of good news about the 5 pillars of the ecosystem, the new staking, and burn mechanism.

And the third “hype-spike” in April 2024 was around the CK NFT sales.

So, all news-driven micro-hypes based on “excitement about the future”.

But as usual… high expectations should be followed by real “visible” progress… otherwise the interest will decline and prices will decrease as “expectations” are not met.

During 2022-2023, the RITE team struggled to get the promised streaming (d)App up and running as aimed, and in line with the bearish market, the $RITE price gradually decreased.

(Notice that starting October 2024, the team (re-)introduced the streaming App RITESTREAM+ (first as Web App, and later for mobile apps) with the unique W2E and W2W $RITE rewards model).

With respect to the CryptoKnights Show… it took more time than originally expected to produce the show and onboard the main streaming partner.

But we are now in the end phase. The contract(s) with the main streaming partner(s) have been signed, the content (episodes) has been tailor-made and uploaded to the main streaming platform. And it’s just a matter of days before this “Big” media partner will be announced via a press release, and before we know when we can watch the first CK episode (within a few weeks maximum after the press release).

And the “market” is just “unaware”…

The hype will come without doubt as the CK Show can be seen (potentially) by hundreds of millions of people… and the marketing exposure by this “Big” streaming platform, the Hosts, Knights, Projects, and Partners still has to start.

So, if the $RITE token price can spike to $0.06 based on excitement about the CK show before even produced and without knowing (or guarantee) that the show will be aired by main streaming partner(s)…

What will happen if the “world” will know and can actually watch the CK show and see all the marketing exposure around?

The waiting is over my friends… and this is the last time to step in.

I can’t think about any other form of hype that’s going to happen so soon with “guaranteed” success with expected easy 10x ROI or more.

And this is the time to invest in an altcoin with proven management quality and sufficient “treasury” and project progress based on clear ecosystem and tokenomics.

Hence, by looking at real token utilities and “live” existing Web3 (crypto) products used by an active user base… instead of chasing the next big “idea” or “hype” without any substance yet.

And you don’t have to wait for the next altcoin season… $RITE will have its own hype.

Not just around season 1 of the CK Show… but for all other seasons to come with improvements in the Cast (“Celebrity” Hosts and Knights, and the “best” new token Projects) and quality of the show via new partnerships and sponsors.

Hence, my advise… instead of chasing hypes…

Why not just select crypto projects such as RITE where the management is not focused on the next bull run, but who are building all the time, during bear and bull markets, by giving (new) clients/users what they want and when the product/service is ready to go “live”?

These top-quality projects will survive, and have their own hypes and price patterns with (net) price appreciation for many years to come.

Remember…