Sunny Lou (VeChain): The Real Value of Tokens Does Not Exceed 1% of Their Price

Sunny Lou spoke on the blockchain show and during a lively discussion about the value of tokens, admitted that the price of most coins is clearly overstated. Due to the high speculation in the market, project developers spend more effort and money on building token sales than on developing blockchain technologies and innovations.

The reason is not only the pursuit of profit but also the lack of practice and criteria for a real assessment of blockchain projects. Other participants in the discussion agreed with this:

• Galaxy Digital Co-head Greg Wasserman;

• Coinsilium CEO and co-founder Eddy Travia;

• Bloq Chairman and Co-Founder Matthew Roszak;

• Co-founder and CEO of Distributed Lab Pavel Kravchenko.

They came to a common opinion that a way to accurately evaluate projects is not found so far. According to Travia, it is always necessary to distinguish the concepts of the value of the token and the project itself. This is the only way to build a stable currency.

Wasserman agreed with the opinion of CEO Coinsilium and added that a guideline only on a speculatively inflated token price could prevent the innovations and the further development of projects. They simply will not achieve plans made at the initial stage.

Earlier we wrote that Bitcoin is consolidating amid rising altcoins.