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Why is this cryptocurrency considered worthless?

A growing coalition of cryptocurrency users is expressing dissatisfaction over consistent losses associated with a popular digital currency. As prices continue to drop daily, many are questioning the purpose of keeping the app on their devices. Recent posts on various forums reflect escalating frustrations within the community.

By

Maria Gonzalez

Apr 16, 2025, 07:13 AM

Updated

Apr 17, 2025, 11:02 AM

Brief read

A digital representation of declining cryptocurrency values illustrated by a downward trend on a graph with frustrated investors in the background.

Context and Significance

The cryptocurrency, which has been around since 2017, is now viewed as a bottom contender in both price and market cap compared to other decentralized finance (DeFi) projects. Frustrated users are vocalizing their discontent, reflecting a sense of helplessness regarding their investments.

Key Themes Evolving from User Discussions

1. Ongoing Frustration with Plummeting Prices

Users lament that despite attempts to mine more, their balances dwindle daily. One user commented, "I had my balance at about three dollars. No matter how much I mine and add to it, it goes down every single day." Another remarked, "At this rate in 15 days itโ€™ll be lucky to be worth anything over 0.0000000000 ๐Ÿ˜‚๐Ÿ˜‚." This sentiment underscores a shared pessimism regarding any potential rebound in value.

2. Technical Challenges with the App

Technical issues persist, causing users to miss out on claiming tokens. One comment stated, "It never allowed me to claim my tokens even after bridging funds to my wallet, it was a quick uninstall for me." Such problems amplify user dissatisfaction and contribute to increasing sentiment of abandonment.

3. Community Morale is Deteriorating

Amid these challenges, the morale within the community is waning. Some users voice their despair openly, saying, "Why does it go down every single day?" This question captures the growing sense of urgency and frustration among participants.

Interestingly, while many consider leaving, a few advocate for patience, suggesting they will "wait 15 days" before making any rash decisions.

Insights Worth Noting

  • ๐Ÿ˜ฉ Continuous price drops raise concerns about long-term sustainability.

  • โšก Technical difficulties hinder engagement and further frustrate users.

  • ๐Ÿ”„ Ongoing discussions reflect a critical examination of the project's viability.

As the community grapples with uncertainty, further disengagement could prompt increased calls for change. Users remain divided between hope for recovery and the reality of continuous losses.