A major open-source figure recently threw support behind RedwoodJS, a token currently sitting at around 2 million in market cap. The move sparked considerable debate in crypto circles - observers are scratching their heads trying to understand why such a high-profile endorsement didn't translate into more substantial valuation. It's a fascinating case study of how celebrity backing doesn't always move the needle the way market participants expect. The gap between influential endorsement and actual token performance raises questions about what really drives adoption and investor conviction in these early-stage projects.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
10 Likes
Reward
10
7
Repost
Share
Comment
0/400
BrokenRugs
· 10h ago
The celebrity halo has crashed this time, indicating that the crypto world isn't so easy to fool anymore.
View OriginalReply0
CryptoCrazyGF
· 19h ago
Celebrity effect, well... it really depends on the person. You can't really gain much just from a single statement, right?
View OriginalReply0
LiquidityNinja
· 19h ago
Big V endorsements can't save trash projects either, what does that say?
---
Is the celebrity effect outdated? Or does RedwoodJS really have nothing?
---
Another overhyped story, investors finally woke up
---
A two-million-dollar market cap blown up into big news, this circle is really ridiculous
---
Having fame alone isn't enough; you need technology and community. Now it's finally clear
---
Why are endorsements ineffective? Because no one truly believes
---
RedwoodJS's recent performance actually shows that ordinary people are more rational than big V influencers
View OriginalReply0
GasGuzzler
· 19h ago
Even endorsements from big influencers can't save trash coins, it's hilarious.
View OriginalReply0
ProtocolRebel
· 19h ago
Haha, the endorsement by big influencers didn't pump the price, this is outrageous
Celebrity effect is just so-so, crypto people are really clear-headed
RedwoodJS is so lukewarm? I need to see what kind of project it is
Honestly, it still comes down to fundamentals; having many fans is useless
How much is an endorsement worth? Retail investors have already learned to be smart
View OriginalReply0
TokenTherapist
· 19h ago
This endorsement is too weak; the project itself must have real substance.
View OriginalReply0
DegenWhisperer
· 19h ago
Even endorsements from big influencers can't save a bad project. Frankly, it's still the coin itself that has no substance.
A major open-source figure recently threw support behind RedwoodJS, a token currently sitting at around 2 million in market cap. The move sparked considerable debate in crypto circles - observers are scratching their heads trying to understand why such a high-profile endorsement didn't translate into more substantial valuation. It's a fascinating case study of how celebrity backing doesn't always move the needle the way market participants expect. The gap between influential endorsement and actual token performance raises questions about what really drives adoption and investor conviction in these early-stage projects.