It has been three and a half years since I published this thread, and the crypto market structure has still not improved significantly. Only Bitcoin's market structure have improved significantly now with tradfi money entering and it has exhibit significantly less downside volatility, BTC is down only between 5 to 10% while the rest of the market corrected >20% Down only price action for new token launches will continue to be the norm as long as this structural issue exists. Only very few selected tokens that have all the right fundamental factors and catalyst aligned can outperform Bitcoin.