you know how it goes in the crypto alt coin bubble market. So many projects that might have some potential. But they will probably be useless and never used for anything. I don't even read whitepapers for hype coins like this. Similar to ripple, which I haven't read whitepaper for. I just check team to make sure they are legit. I am software dev with crypto experience and full understanding of blockchain from a technical perspective but who cares about these whitepapers?
That being said, we have a money making opportunity. After a coin reaches the peak of it's moon, smart money takes profits. They move coin to coin pumping and only noobs hold alts when they are going sideways. After riding each moon, they inevitably come back to the coin they left, if they believe the public will go along with their pump (they know ADA is cool and is "undervalued" because it hasnt pumped in a while, so the public will go along with pump and buy high).
based on this pattern, ADA is due for another moon, if it breaks out of the shown trading range. if bitcoin goes on a major run, watch out. Alts may be punished. Keep an eye out and good luck!
No Offense, But, "I am software dev with crypto experience and full understanding of blockchain from a technical perspective but who cares about these whitepapers?" - Will be a good reason for me to ignore your opinion. Good luck riding the waves.
UnknownUnicorn1714327
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@asish.asish12, There is a bit of satire in there, of course tech matters. But I really don't think you need to read them to ride waves though as a day trader. I read them to invest in projects early before the frenzy starts.