Next victims of the crypto winter: which companies could fall next to Celsius, Terra, and 3AC

Reddit users have estimated which projects could easily fall next in an ongoing crypto crash. The crypto winter has already caused dozens of companies to collapse and hundreds or even thousands of people to suffer.

LUNA, Three Arrows Capital, Celsius, and Voyager have already fallen. And many could follow suit as there remain a large number of extremely unstable players in the market.

If you learn about it in advance, it is quite possible to save yourself from problems in the future. This is what our article is for. 

Who’s next?

Here’s a list of companies that could be crypto winter’s next victims, according to Reddit users’ opinions, and why.

• USDD network’s Tron. A dollar stablecoin offers up to 30% staking rewards. Even when times are good, a promised 30% return is too good to be true.
• Passive crypto income ecosystem Midas. Because “their APY’s (annual percentage yield) are beyond imagination.”
• Lending platforms like BlockFi and Nexo. Many users suggest getting out of them while you still can. Private wallets have zero risk of insolvency.
• Ethereum token Axie. It also blessed investors in recent years, but the revenues started declining, and new users lost interest. This can also collapse any day.
• Crypto platform Vauld enables customers to buy, lend, borrow and trade crypto assets from one unified platform. The company has already stopped withdrawals.
• Synthethix. Basically, anything that’s high-yield deposits or unbacked algorithm stables.
• Solana.

“I’ve listened to a few podcasts with the founders or main team members. One of them was right after one of the big network attacks that shut it down for a time. The podcast was not confidence-inspiring. The dudes just kind of laughed off the attack and made jokes about it. Since then, I haven’t put a single dollar into the coin. I have reservations about the top decision makers”, said Reddit user TheWreckaj.

• Crypto.com, because they have been furiously reducing staking and card benefits this year.
• Coinbase might suffer and downright go under if business winds down (it already is).
• The vast amount of shitcoins (for example, DOCK) outside BTC/ETH/ADA.
• Crypto exchange KuCoin.

According to the Reddit users LastLivingSouls, you can’t really trust ANY projects because these are not regulated. 

“Don’t be fooled into thinking you know the financial situation of these project. Any day, a HUGE project that you believe to be well capitalized could go utterly dark after running out of money. You’d never know because they don’t have to list their burn rate and financials,” he said. 

Also, he added that we’ve learned several times that big-time people in this space will bald-faced lie to customers about the safety of their assets until the day the rug is pulled. Each person has to keep it in mind when investing. 

Which companies do you think are on the verge of collapse? Tell us about them in the comments below. Maybe it will help someone avoid problems in the future.