21-02-2022

We aren't in bear market, bear market doesn't made for Smart BCH and BCH prices has no connection with sep20 market so no matter BCH price falling down harshly it doesn't have much impact since beginning and i saw BCH going down from $800 and not even a 1% damage to Smart BCH tokens

But now when BCH is neutral since a long time it's like trading under 290-350$ range and i would like to see it in this range till sha gate arrival than real fun will be begin

Sep20 market since start was the thing where i spent my most of time, new projects was being listed and trading with a massive volume or increasing volume each day but nowadays noticed it is decreasing because of some reasons why sep20 market is losing it's potential

Before moving towards that let me take you back in sep20 market where volume of trades was massively increasing with each day.

Golden era of sep20 tokens

We need to go 3months back when Smart BCH was getting hyped and things was working perfectly, many projects was already listed on marketcap.cash and with passage of time new projects was coming and their was only thing peoples doing which was buying/selling sep20 tokens

Their was only few dex which was benswap,mistswap and will count muesliswap and one more dex which have an impact on Smart BCH as well.

Still have those golden memories and seeing this huge % is now a dream of mine.

Like literally everyday i was trading more like 5-10 trades per day and making 2x each day those was the golden days when everyone was trading peacefully, some was staking and shilling thing was almost none existent that time.

These were the favourite tokens of mine back then

• AXIEBCH was the first favourite project i traded mostly

• CLY and kitten was also favourite

• Bpad, CashCats most of the time keep repeating the same tokens

And everyday their was a dip and profit making opportunity but their was some reason why sep20 market was on peak and why it's not same anymore.

Flow of money into Smart BCH

SmartBCH was only 3months old right and everyday fresh money was flowing into Smart BCH and this was the main reason sep20 tokens was always so bullish and peoples was able to make profits with their investments

In one minute their was a 100% pump of specific token just take AXIEBCH as an example and the next second

The token was dumped 100% because that's how market was working peoples was making profits and theirs a long story behind AXIEBCH and my relation with it since beginning so one day I'll share it.

Money was flowing into Smart BCH everyday, see DeFi Llama chart i still remember Smart BCH TVL was $12M when market was so bullish and every strong project was at it's best with increasing volume all the time and that's was happening till Smart BCH reached $42m TVL after this it's not same anymore and the reason behind this is flow of money is not anymore but their are some other reasons to which impact alot.

Before moving towards those reason let me share when will be the next bull run.

The next bull sep20 market

We aren't in bear market if you think we are than you're in loss we are currently in neutral state because of no fresh money moving into Smart BCH and to see next bull market all we need is to bring lot of fresh money inside Smart BCH

Which is only possible after sha gate and with great marketing will push Smart BCH and TVL will explode but for that real development inside Smart BCH matters alot.

Now let's move towards some other reasons which is why sep20 market loss it's ground alot.

Lot's of BCH rugged is why sep20 market loss it's potential

Everything was perfect till projects came into Smart BCH to steal peoples hard earned BCH and those rugged have an huge impact peoples lost their trust and i remember some peoples don't even have a single penny left in their wallet

Some of rug like a monkey cash which was best surprise to every person in smart BCH but i was on safe side so didn't lost anything

Now the biggest scam was beachswap where peoples literally lost 100% of whatever they've and till now that's the worst scam in the history of smart BCH

Till now small rug pull are going on smoothly peoples creating token adding a little liquidity peoples buying them and losing their money and I'm also suspect because lost almost 0.5bch.

So these rugged pulled away BCH from peoples who was doing trading but now after losing their money it has an impact on sep20 market.

Peoples started farming instead of trading everyday

I was away from farming or staking thing in first two months i joined because of being busy in trading but than with passage of time their was lot's of dex already on smart BCH and peoples went crazy to farm because of insane Apr in Smart BCH

Their are 8 different dex currently and technically it should be 9 but beachswap was an obvious scam ( sorry if you invested in beachswap and I'm reminding over and over again).

So lot's of dex with different Apr and smart BCH ain't that huge so peoples just stick with high apr and farms that's why it has some impact on sep20 market.

Existence of NFTs is another reason sep20 market loss it's potential

I believe this reason has a huge impact on sep20 market because peoples literally moved and started focusing on NFTs meanwhile without knowing how they're getting rugged everyday.

After lawpunk everyone is in search of next lawpunk that's why they don't want to miss any opportunity so staking every NFT which have "staking" in their roadmap and their are already tons of different NFTs collection where peoples invested blindly and some are regretting and now peoples itself give BCH from their pocket to NFT creator so those BCH sit in project owner and he won't do trading like a normal everyday person so this have a huge impact on sep20 market believe me or not

Aren't peoples are literally mad for NFTs, it's just over hyped and rugging Smart BCH community slowly.

Most of sep20 tokens without real use case

The last reason i can say Smart BCH sep20 market losing it's potential with going time because of not having some real use case and it's actually a fact their only few token worth to buy because of their use case like

Law is the first token i believe which build something on Smart BCH and underrated token on Smart BCH than bpad is launchpad nothing else use case, joystick is a game so it have usecase and AXIEBCH is a guild building Smart BCH and it's project

But most of tokens in Smart BCH doesn't have any real use case and the lack of use case will be bad and till sha gate we need to build some ground on Smart BCH I don't see these NFTs as a bright future or these tokens with no use case other chains are popular because they've built things

Some are popular because of Gamefi and some are ahead in metaverse so Smart BCH success depends on it's development and i really believe we are still in a stage where things are being developed and are underrated or overrated just need to be wise while picking up something.

So these were the only reasons why sep20 market losing it's potential and it's my personal observations i really want to know what you think about it and let me know what I've missed

Is there any more reason which has an impact on sep20 market like it was back in time.