The reasons for the failure of aleo are mainly as follows:

1. Excessive hype creates a massive scene, but only ends up all talk and no action, often accompanied by a huge bubble.
2. The slow technological progress and lack of practical ecological applications have gradually eroded investors' confidence and raised doubts.
3. The community lost confidence, the Mainnet launch was delayed repeatedly, and the Token economic model was arbitrarily modified. The POS ratio is 70%, the POW ratio is 30%, and the sudden Plummet in price has sharply reduced the Miner's income. Taking into account the cost of electricity, network, and other factors, it will be a long time before the Miner breaks even. As a result, many Miners have stopped running their machines. At the same time, the project party's attitude in dealing with community doubts has exacerbated the breakdown of trust. Many users believe that the project party does not listen to the community's voice and even takes extreme measures such as blocking and revoking ambassadorship. This lack of transparency and communication has led to the accumulation of negative emotions in the community, ultimately resulting in a complete loss of confidence.
Based on the above points, the overall trend of aleo has basically gone. Everyone must not blindly catch the bottom.