$ALEO $ALEO Aleo's long-term price slump reflects the project's failures in several key areas: severe delays in technological implementation, with a huge gap between the theoretical 20,000+ TPS and the actual 200 TPS performance, disappointing the market; slow progress in ecosystem development, with over 50 projects and 12 DApps, which is seriously mismatched with its $1.45 billion valuation; critical flaws in the token economic mechanism, with large holdings by early investors and unreasonable incentive structures leading to persistent selling pressure; an increasingly strict regulatory environment, with regulations like MiCA potentially stifling privacy projects and causing them to lose their space for survival.