A good way to measure the safety and bullishness of a project and strength of a community (or dev team) is its effort:$$$ ratio. Here $$$ should be measured on a relative basis, to what that community or dev team has, has had, or is used to. There is always a fear that if the $$$ becomes too low, the core members will give up or cash out, and leave it high and dry. A team/community rug, if you will. This is particularly true of new projects and projects on an extended dip. Even "committed" teams often get lazy and become silent on negative price action leaving their holders wondering whether they should just cut losses. This way they bleed valuable long term holders. This is why large -80%/-90% drawdowns and extended periods of consolidation at low MC with an active, high conviction team/community are bullish. Conviction is contagious. A prime example is $BITCOIN 🟦🟨🟥 While some sprotos are definitely more active when $BITCOIN is pumping, the core community was there. and bullish, 24/7, throughout harsh dips and extended periods of consolidation. When the project went from $10M --> $1M... it was one of the most active communities I ever saw. When the project went from $200M --> $40M... yes there was some fud, but the spiritual core of the community was still there, and everyone was still going hard. Then and now, the average sproto puts in extremely high effort relative to the current $-value of their $BITCOIN. Part of this is owed to the fact that #HarryPotterObamaSonic10Inu has developed a culture that community members want to be a part of, which is quite unrelated to the price action. I liked it at $0.01. I liked it at $0.10. I'm going to like it at $1 and $10. And I'm going to want to stay even if it hits $100+. The marketcaps at which the dip + consolidation occurs matter. $SPX will not keep going straight up, or else it risks a Saitama Inu pattern. The holders really need it to survive a big dip and consolidation around the current MC to keep going, as it hasn't proven that current active holders have the conviction to stay bullish after their now 6 figure bag becomes 5. The $SPX narrative is based on price action, which is not nearly as sticky as $BITCOIN IMHO. But we will see. Three examples where the effort:$$$ ratio is on the high end (notice the pitch starts the same every time): - @ProdigyTradeBot dev Fuwa and the core mods have been hustling hard despite a -90+% on the chart. Response time in the TG is always fast. Bot is always online. - @ArkiTechAi devs and core community have been hustling hard despite a -90% on the chart. In the last 6 months they have established the #RAIDAR bot (t.me/raidar) as the #1 raid bot in crypto (and it really is the best; if you're still using shield or draid, you should try it). - @imgn_ai devs and core community have been hustling hard despite a -90% on the chart and internal team drama. Team removed taxes too, so their continued effort must be based on belief in a brighter future. New models are being released. Reddit has grown to over 6K members and still growing. And users are generating. (note: effort:$$$ is a sign of the how bullish the insiders/core members are and does not imply that these are good investments... the three tickers I mentioned are all utility plays... so unlike memes, success is primarily a function of utility adoption rather than community strength)