Alliance DAO Says It Won’t Short L1s, But Calls Them Low-Quality Bets

The debate over the value of Layer-1 blockchains flared up this week. Alliance DAO co-founder Qiao Wang said most L1 tokens don’t have lasting strengths. Meanwhile, Dragonfly’s Haseeb Qureshi released a long essay arguing that smart-contract chains will hold long-term value.  Their exchange shows a divide between investors bullish on crypto’s growth and those who […] Read The Full Article Alliance DAO Says It Won’t Short L1s, But Calls Them Low-Quality Bets On Coin Edition.