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The Lindy Effect Is Pumping Old Crypto Projects | Web3 Daily

10 April 2024
in Web3
Reading Time: 2 mins read
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TL;DR

The Lindy Impact is in full swing — NEO (2014) is up 33.5% in 24hrs, VeChain (2015) is up 185% in 6 months, and LoopRing (2017) moved +230% between Oct. and Mar.

Full Story

So, just a few years again, we thought we’d concocted this magical idea that was hyper related to crypto.

The thought went one thing like this:

If a cryptocurrency has a considerably profitable bull run, and goes on to outlive the next bear market — with out:

Completely cratering to close zero

Dropping any/all believable progress narratives (nonetheless skinny they could be)

…then there’s an excellent probability it’s going to rebound within the subsequent bull run — hell, it’d even return to its earlier all time highs!

Effectively, seems our idea ain’t an unique idea — it’s what’s often known as the Lindy Impact — which principally means, the longer one thing (normally a enterprise) has existed/survived, the tougher it’s to kill.

(Simply take a look at IBM).

And the Lindy Impact is in full swing for some older, much less recognized crypto initiatives of late…

Test this out:

NEO (launched in 2014) is up 33.5% within the final 24 hours.

VeChain (launched 2015) is up 185% prior to now 6 months.

LoopRing (launched 2017) rallied 230% between Oct. and Mar.

Now, this isn’t an endorsement on any of these initiatives (although we do maintain a few of them) — it’s extra to say:

Simply trigger a undertaking isn’t the hot-new-thing everybody on Twitter/X is speaking about, doesn’t imply it could actually’t nonetheless run.



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Tags: CryptoDailyEffectLindyProjectsPumpingWeb3
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