X-to-earn project
The death spiral for every price-driven project goes like this: market is good, speculators come in -> token gets falsely hyped -> speculators sell off -> token price drops -> fear leads to real users selling -> token price Further decline -> Price falls below the critical line -> Users have little reason to stay on the platform due to smaller financial returns -> GG
How to get out of this vicious cycle is what every X-to-earn project needs to work on. Maybe the answer to this question has not yet been found, but in the future, I believe it will change.