Steady Lads #62 • The Grift of Altcoins
Steady Lads
Strong Community Over Weak Narratives
At Token 2049, the strength of community behind certain projects became apparent, with some participants acknowledging their own successful investments ('my bags are very good') contrasted by others struggling for product-market fit and narrative clarity. The exodus of talent and interest towards stronger projects highlighted the importance of compelling narratives in attracting and retaining community support. Events like Arthur Hayes' keynote presentation served as focal points for this dynamic, emphasizing the shifting landscape in investments, notably with shifts in sentiment around Pendulum Athena and Ando, reinforcing the idea that narratives drive engagement and loyalty in the crypto space.
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