B's consensus

Many traditional stock investors find it hard to adapt when entering the crypto world, not knowing how to invest.

The core issue is a lack of understanding of the blockchain industry.

A market cap of a project with a billion dollars mainly relies on consensus.

You might have heard this phrase before.

But you still don’t understand it.

There are many players involved in mobile mining projects.

However, these projects often have small market caps.

It’s quite simple.

The market cap of a project mainly depends on the number of people who believe it can keep increasing.

These people will naturally lock in their funds.

Creating a positive feedback loop.

The more funds locked in, the scarcer it becomes.

As the price rises, new buyers jump in.

And as the price goes higher, more people enter the market.

Currently, the strongest consensus is around Bitcoin.

Followed by Ethereum.

In the future, many tokens with stories behind them may emerge.

But most of them are garbage.

Most altcoins are garbage, and this is a consensus among veteran players.

New players keep entering every year.

It’s unlikely that in any given year, the influx of new players will surpass the total number of existing veteran players.

Therefore, this “consensus” persists in the long term.

Based on this, it’s like a rigid class structure.

It’s very difficult for someone from a humble background to rise to prominence **$LINK **$CAKE **$DUSK **