The Lindy Effect Is Pumping Old Crypto Projects
TL;DR
The Lindy Effect is in full swing — NEO (2014) is up 33.5% in 24hrs, VeChain (2015) is up 185% in 6 months, and LoopRing (2017) moved +230% between Oct. and Mar.
Full Story
So, a few years back, we thought we’d concocted this magical theory that was hyper relevant to crypto.
The idea went something like this:
If a cryptocurrency has a somewhat successful bull run, and goes on to survive the following bear market — without:
Absolutely cratering to near zero
Losing any/all plausible growth narratives (however thin they may be)
…then there’s a good chance it’s going to rebound in the next bull run — hell, it might even return to its previous all time highs!
Well, turns out our theory ain’t an original concept — it’s what’s known as the Lindy Effect — which basically means, the longer something (usually a business) has existed/survived, the harder it is to kill.
(Just look at IBM).
And the Lindy Effect is in full swing for some older, less known crypto projects of late…
Check this out:
NEO (launched in 2014) is up 33.5% in the last 24 hours.
VeChain (launched 2015) is up 185% in the past 6 months.
LoopRing (launched 2017) rallied 230% between Oct. and Mar.
Now, this isn’t an endorsement on any of those projects (though we do hold some of them) — it’s more to say:
Just cause a project isn’t the hot-new-thing everyone on Twitter/X is talking about, doesn’t mean it can’t still run.