Sad, but we need a good cleansing!
Over 1300 of the 2000+ projects on CMC are now worth less than $1m. Given that teams typically only own 15-30% of the token supply, and these small cap projects lack liquidity, I can’t imagine that they have much runway remaining. Hell, even some of the larger $100m+ projects are now collapsing.
The cleansing is upon us (sounds was too ominous). lol