Terrible market conditions, the value of coins from Virtuals' new launches has been halved across the board, with some even breaking below their initial offering... Last week, I only participated in the Backroom for the Virtuals Genesis Launches, investing 38,573 Points + 2.67 VIRTUAL to obtain 23,535.23 ROOM, which is now worth about 24.9 VIRTUAL. I'm basically not making any moves now, just slowly accumulating points, sigh. Looking at the entire bag from participating in Virtuals' new launches, the 10 staked new launch coins are now only worth 270.58 VIRTUAL, a drop of 43.2% in VIRTUAL terms; in U terms, it's even worse, down 67.5%. Even an old new launch coin I participated in has started to incur losses. Who said new launches don't lose money? Staking is really tough 😭😭 Recently, there's been a lot of noise in the CT community about the significant devaluation of Virtuals' points, but the relatively positive response from Virtuals' official team is a good thing. DAB points have significantly increased; personally, I can now add about ~1k points to DAB, while DPD remains at 7.2k points daily, mainly from Yapping. I previously thought the logic of finding good projects from Virtuals Genesis Launches was basically debunked, and it's not just about the drop in coin prices. I thought I might as well take advantage of the drop and see if there are any good projects. Upon closer inspection of the project Solace, rated T1 by Vader, I was shocked; isn't this just college students starting a business? Their pockets are cleaner than yours or mine, and it's impossible to pump it up. Whether they can actually deliver is still a long way off 😥 The best strategy is indeed to accumulate points -> go all-in on a top-tier project -> sell at the opening -> sit in jail for 7 days -> repeat the above operation after the jail time ends. However, whether there will be any top-tier projects after IRIS is hard to say. I envy those who stepped out during IRIS; people like me who staked have already dropped over 90% 🥹🥹