What's ridiculous is that to engage in micro-strategies for coin stocks on the US stock market, there are only a few coins to choose from. In other words, if the project team can't even afford a shell on the US stock market, it indicates they have neither money nor resources, and they don't believe their coin has value, showing a lack of confidence in their operations. Such coins aren't worth buying.
This is because engaging in micro-strategies for coin stocks requires financing from the US stock market to buy coins, and the reserve assets cannot be freely unlocked and sold like the current project teams do. This also imposes a moral constraint on the project teams; messing around can really lead to imprisonment, unlike the current situation in the crypto world where the move of the evil grand slam has no consequences.
I took a look at the top 50 cryptocurrencies by market cap, and the only ones that can continuously reach ATH or stay near ATH along with BTC are BNB, ETH, SOL, XRP, TRX, SUI, and HYPE. They are all backed by real businesses or real income. The rest of the altcoins, without exception, are on a downward trend, becoming more and more like the US stock market, which is also a sign of maturity.
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