Investment Expert Clem Chambers: Which Coins Will Dominate Is Down to a Darwinian Process
OpinionBit News Today2 min read
Investment expert Clem Chambers says that the crypto market is in a state of flux, as the market finds its footing. He believes that not all coins will survive, and will see which ones prove to be viable in the long term. ## Darwinian Selection is the Natural Course for the Cipher Money Market
Chambers believes that the "coin market is in a Darwinian phase" where coins will either thrive or die off. He explains that "it's an unruly market."
Chambers says that this is all a natural evolution of the market. He thinks that as the market grows, more coins will join it.
However, he says that it is not necessarily a benefit for the market, as there will be more noise and less clarity. ## The Crypto Market's Ultimate Viability Depends on Survival of the Fittest
He says that for the majority of the coins out there, they will not make it long term.
He says, "Ninety percent of this market will die off, and that's how the market finds its footing. And we're in the middle of that now."
Chambers calls on investors to be careful and do their due diligence. He says, "As an investor, you really need to do your homework. You need to be looking at the fundamentals of these coins, you need to be looking at the business models behind these coins, you need to be looking at the technology, the platform."
He also says that the market needs to mature and that more and more regulation will come in. He says, "The market needs to mature, and that means more and more regulation will come in. And I think that's a good thing, because it will help to separate the wheat from the chaff, the real coins from the scams and the ones that have no real use."
Chambers says that the market is still in its early stages and that there is still a lot of uncertainty. He advises investors to be cautious and to not put all their eggs in one basket.
He concludes that "It's going to be a bumpy ride for the market, but I think it's going to settle down eventually. And when it does, I think we'll see which of these coins have real legs and which ones are just here for a good time, not a long time."
