After considering other elements that were reviewed earlier, it is my opinion that investing in this particular venture in May 2023 may not be a wise decision due to several reasons.
-
Firstly, the team's contribution has been observed to be reducing, and there is no clear long-term roadmap, which raises doubts about the sustainability of the investment.
-
Additionally, there are many similar projects such as Sia or Storj, which have a lower market cap and therefore have more potential for price increase if they receive the same amount of cash flow.
-
Furthermore, the organization has been under scrutiny by the SEC, which is currently known to be targeting many American crypto companies. An example of this is the XRP case, where the SEC sued the company in 2020, leading to a failure to break its ATH in 2017.
Given the aforementioned concerns, there are two key things that this project must do to gain my attention as a potential investment. Firstly, they must provide a clear and comprehensive long-term roadmap that outlines their vision and strategy for the future. Secondly, they must already have settled any pending issue with the SEC to avoid any potential legal issues that may arise in the future. Show Less