The markets are a truly strange beast. Most serious crypto analysts and investors will swear that, for a token to be successful, it needs a solid use-case. If you’re seeking investors for a new token, then having a plausible use-case is essential but, once the coin is up and running and out there in the market, sentiment seems to take over and it all becomes entirely unpredictable. This is illustrated by the contrasting fortunes of Stacks (STX), Filecoin (FIL) and Chronoly.io (CRNO).
Stacks (STX) is not stacking up
Stacks is a token that possesses neither a compelling use-case nor any backing by real asset value. There are many such coins and while some perform better than others, Stacks is one that appears to be struggling. Stacks does, however, come with a number of interesting features such as affording their investors the opportunity to build DApps, lock their token to receive BTC and smart contracts.
Despite that, their price is lagging and the market just seems to be less than overwhelmed. That said, the Stacks team intend to list their token on a number of popular exchanges in the hope of more widespread adoption.
Filecoin (FIL) is not filling investors with confidence right now
As use-cases go, Filecoin (FIL) has a pretty decent one and some real-world value. Filecoin is a peer-to-peer network that comes with a distributed file storage system; a sort of cloud storage facility, if you will. It allows users to rent out their unused hard disk storage space. Since th