dom.icp post was like knife to heart, where he told that he cant do anything about price. Definity sit on mountain of cash and comes to tell that he cant do anything. Devs that build on ICP cant survive at current prices + not much people who buy, sell or trade. Even if huge portion ICP is staked, staking rewards cant sustain projects. There is no way to survive next bear market.
My prediction is that 80% of users will dissapear, 50% of projects will shut down (most forced to beg money from Dfinity). Bear market bottom price for ICP 1-1.5 usd, 2mil staking rewards, 3mil node rewards.
This is just horrible, even during bull run ICP is loseing users, builders, bear market will be the death to ICP supporters.
When will DFINITY wake up?
Solana’s blockchain isn’t built with the user’s interest to make money in their mind; despite the claims, it’s actually designed to prioritize VCs’ interest by offering an infrastructure for pump-and-dump schemes aimed at users. Genuine real utility seems to be their last priority.
In contrast, Dfinity designed the ICP with users as their top priority and VCs as an afterthought. ICP’s infrastructure is built around user needs, which is why innovations like reserved gas fees were introduced, and SNS was developed to protect retail investors, making it harder for VCs and malicious actors to exploit, hack, or game the system. This user-focused approach has made many VCs not happy with Dfinity’s direction.
If you believe that price appreciation for blockchains like Solana comes solely from retail interest, you’re mistaken. Projects like Solana are primarily driven by institutional sponsorship, aiming to siphon money from retail investors. This behavior mirrors a “pig butchering” strategy, or “sha zhu pan,” in chinese term, where naive retail investors are lured in, only to be exploited.
Really? I looked at the charts of Solana and ICP and couldn’t tell which one is “pig butchering”
It’s the Solana chart, read the last comment it’s spot on.