"Investing in new projects rather than old ones" may not be correct.
In fact, all assets are just platforms, and whether these platforms can continuously generate activity depends on their longevity and the amount of capital available.
In the past 1-2 years, new projects from TGE have generally had a market cap that only reaches a few hundred million dollars at most, with many being in the tens of millions. The project teams, whether iterating on products or financial strategies, have very limited options and mostly cannot survive a full cycle.
In contrast, several older projects from the 2017-2021 TGE period have reached market caps of up to tens of billions. Even though they are older, the resources held by the project teams allow them to maintain their status as long-lasting platforms that can continuously generate activity.
Yes, I'm talking about XRP, ADA, XLM, and LEO.
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