I think its sort of an irrelevant pissing contest and a marketing gimmick, you need to look at the value a currency creates and the product it produces. I think most crypto projects aren't producing shit so that's why market cap is so important. It creates a hollow financialised oversimplification of a project in my opinion
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Nicely put... The only thing I'd add is for us long-term veterans in the space, we have quite a good understanding of what's a so-called "good" project or not, as the case may be. When all the dumb money starts to flow in, should BTC go on a rampage once again, the rankings may have more relevance in that context.
We shall see, my friend.
Oh I fully agree, I've actually taken positions in some alts just because I know that's where the dumb money will go so maybe I am a hypocrite. I did it in the last run and this time I'm even more aggressive. Sadly I'll have to dump those bags on someone should the run come
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Yep, makes a lot of sense what you say. I do think Hive is one of those few that are producing pretty good stuff
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