Bitcoin Forum

Does it makes sense to target layer 1 scalable projects with web3 integrated? I know that layer 1 aren't that good anymore or let me say almost dead hype but what about those that want to integrate web 3.0? For example Oasis Network.

People look at technology in crypto far too often. In principle, this is true, but the technology is often not the reason why projects increase in price. Otherwise, there would have to be completely different projects in the top 20 than are currently there. Many projects with outstanding technology have disappeared into oblivion over the years. Hype, momentum and marketing are much more important factors for the success of a crypto project, just look at Doge or Shiba. What I want to say is, don't worry about the technology if you want to see price increases for your investment.

It doesn't even make sense when you are buying at the current situation when market is still continue to dump. That does make sense to buy such token but with the current market trend and are you sure to enter in the market? I may feel worry about that. This reminds me with the bad trend that happened before. Once you are entering into the wrong position and you will be loosing a lot.
Web 3.0 is still being too far from the big hype. The first layer blockchain was not good as well even if it has a mission to be integrate with web 3.0

I should point out that integrating a platform cause of the hype around it seems a bit like fishing for investors rather than building a sustainable project. Devs ever so often would change their marketing approach to suit the current trends so as to profit off those trends and that seems a bit dubious, not saying that's what Oasis is particularly doing as I've not followed the project.

How long are these factors expected to carry a project? Hype an momentum and fleeting qualities as there's always the next hype which comes up, and marketing tends to follow hype and trends.

Honestly, every turn in this space has only a few sustaining sustainability. The hype trends accompanied by good news make many people mistakenly believe its potential. In essence, I see what you're saying as both right and wrong, and it can't work in a positive way to please some individuals or crowds. I admit Oasis Network it's good and potential, but do you have the awareness to appreciate it or the patience to stick with it and get the benefits it brings?

As far as the project is good enough I will invest, utilities isn't the only reason why a project do very well, the secret of every crypto projects lies in the hand of its founders, layer 1 or not how good and determined the teams are is what will take the project to another level.

If projects like shiba inu and doge coin can made it this far then it makes sense to invest money on any use cases either old or new, just because layer 1 solution isn't in a hype state as before doesn't mean all layer 1 solution projects will die, believe me some will still do so well in the next bull market.

I think what you are looking for is the internet computer ICP. It's designed to be the new internet and can transform web2 websites into web3 ones when they are hosted on its blockchain.

Make sure that whatever your plan is about crypto right now you are already thinking about the next bitcoin halving, buy these coins for a cheaper rate and you won't be bothered in the long run, since Oasis Protocol isn't the oy project you are going to hold its all well, add more good alts to your portfolio, the higher the number the more chances of succeeding.

It makes sense if you wanna try to invest on the first layer coin as long as you know how deep the level that can be taken to enter into the market. It's always worth investing during the bearish market but once you saw the market is not even stopping from going down and that makes sense to wait until the market will try to recover again. Anything will always worth to buy. that's your decision. your example like oasis was not so popular.

depends in the project itself, if it’s fundamentally good then go ahead, I guess even layer 1 project that has lost its fame could still holding on.
although I’d always recommend investing in something that just follows the trend if your sole reason is just for making money because that’s like the easiest way of investment.
going against the current will just bring nothing but harm in this case, if the trend is metaverse and 2nd layer project then just follows the trend because as you may observed the market valuation always increases based on the trend most of the time.

I think there are still a lot of room for growth for some layer 1 projects. Solana is one that really took the market by storm but issues with the network disappointed many investors/users. Cardano is another project that probably hasn't reached its peak yet. Development is quite slow but fundamentals still looks good.

Regarding web3, maybe it's also good to accumulate some of the less popular projects. Web3 will have its time and it could be in the next halving.

There are not many investors willing to learn the core technology of cryptocurrency or any related crypto terms. They know all of the "buzzwords" like Web3, smart contract, Defi, GameFi, Metaverse, etc... However, when we ask them about what exactly those terms mean and how those techs will shape the future, they beat around the bush and talk about how much money they will earn by investing and their dream of Lambo. I'd rather spend my time learning the tech rather than make any serious conversation with them


As a trader, I recommend you not to invest any coin at this very moment unless you are willing to both wide and deep DYOR. We are in the middle of the downtrend phase of the 4-years cycle and any attempt to invest can damage your fund.  ::)

Layer 1 coin is always worth investing. This is only for long term but for short term and the worst investment right now but you can try to accumulate more and more tokens to be stored in your wallet for long term. The hype for web 3.0 already gone and you must also see how fantom was dumping so hard from the top to the bottom in a short time. This time investing in the tokens are very risky. Even when you have been mentioning if it was also working with web 3.0

Investment decisions sometimes looks easy but in fact they are always difficult because there is no risk free investment. It does make sense to invest in Oasis Network but you should not base your decision solely on it integrating Web 3.

You should know about the team of developers, their experience, lifestyles, and possibly country of residence. I remember Effect.ai some years ago promised to be a huge project but today it couldn't even get up on it's feet.

It makes sense to invest in a layer 1 project but you also have to analyze to be able to choose the right project. Meanwhile, you actually already have bitcoin which can be your best investment compared to other projects because bitcoin has been considered a major investment for people who have been familiar with crypto for a long time.

But because in investing, you need to diversify your investment, you can select the other project as your second investment. But you need to select the project that has the potential to increase.

layer 1 projects are still pretty good at this point. just look at the top altcoins on average filled by layer 1 projects like ethereum, solana, avalanche, bnb, and polkadot. so investing in a layer 1 network project is still worth it, you don't have to worry about whether it is profitable or not. because basically the demand for layer 1 networks is still quite high at this time. meaning it's still a good investment.

If what you're talking about is a new project, I don't think it's feasible now. because layer 1 networks are already dominated by big platforms like ethereum, bnb, or solana. maybe the project thrives, but in the end it will only be an altcoin that gets less attention.

SHIB I think will turn into a layer1 project as they have plans to migrate to their own chain to set up the metaverse sidechain of SHIB and that means this will also go over that oblivion. But they may have  chance because this is very popular in stock traders, remember this is listed on Robinhood.

Its almost true though that most layer1 project in the past were gone below the rank. But there are still that keeps popping on the news with very minimal updates like the WAVES and NEO. The prices of these two still are worth if you  bought in 2017 so layer1 tokens is not so bad as long as you have bought at the right time.

Yeah it makes sense even during the bear market and i would like to call this as accumulation time rather than the bearish time. The first layer coin has actual product and this is even more promising compared with another second layer blockchain. Remember the usability of first layer project is even more. The only problem is during the bearish market and it's hard to find the best position to accumulate more and more tokens from the market. Investing this time looks like a big bet.

Well, there's a big upgrade if that happens. But it's not all about the tech if it's old or not or has to be integrated with web 3. It's about how huge is the market of it.
So if it's marketable, whether there is no or with the integration of web 3 as it is tradable then it'll still going to be popular. However, this isn't applicable to all of them.

Layer 1 projects involve serious risks. You need to thoroughly review their teams and roadmaps. Because it is not easy to rival Ethereum. :) We have to admit that it is a difficult investment option. That's why I see Layer 2 projects more advantageous.

At present the market condition is not positive to invest so at this moment every trader need to wait for next movement. Last few days the price of all crypto currency decreasing more and more. So this is terrible moment for all the investors. Keep patience and researcher after a short possible of time but definitely market should be stable otherwise no analysis will be effective during this period. I believe that after being stable web 3 projects will get the new Hype.

Before investing at all, the first concept is to discover yourself, doing this you are able to figure out what works for you in the crypto currency world. To me personally, investment goes beyond products or hype, the biggest question should be "what are you chances of making profit, short time or long term". If you are able to answer this question accurately; then you can decide which one is worth investing or not

I think the declining market like now is a great opportunity to start investing in crypto, because we can buy some coins that have high capitalization at low prices, such as ethereum, binance, solana and polygon(MATIC), this coin has a chance large to be able to provide benefits in the long term,

Both are risky honestly, they are very eager to adopt new technology as early as possible and of course they also want to ride with the hype which is the main reason why the price pumps. If you believe on Web3 and its possible effect, better to look for alternatives for layer 1, I’m sure other projects are also working for this so better to keep analyzing before you invest.

There's a difference between an investor and an enthusiast. Enthusiasts are a die-hard fans. Are you an investor?  If you're ought to follow the market because when the market considered a certain protocol to be outdated a single new concept is not enough to do any form of miracle and if some AMM exchange that was once of the Oasis Network decided to move to BNB and now doing well I think it something you ought to do either.

that's quite good at this moment. The only bad thing is when you must have decided to pick it in how will be the best position for your money. I do believe once you are even picking at the time you make this thread and you may have faced a huge loss. Better to avoid the market right now.
People are still shorting bitcoin and this is quite risky for you to enter right now once bitcoin is not even stable at this moment. worth or not is actually depend with the trend. The bearish trend may easily make your investment being negative

In an article read about cardano to reach $2.5+ value during the month of December. Already this has marked its ath value above $3. So, this isn't a big thing and the market is supposed to turn bullish by then. Considering those factors it is good to invest on the top projects that are low priced. As OP requested, there are technically best projects but very few make good progress. To find the one is a big task. Good is to make profit out of the known than looking for the unknown, unproven cryptocurrency.

Frankly, I no longer invest in cryptocurrencies technologically. In the same way, investors in the market no longer look at technology. Because there is hype and fomo. Wherever the hype and fomo moves, people make their investments accordingly. You will say that technology is not important at all, of course it is. Technologically stable projects receive serious investments and provide serious gains to their investors. But in general, it is an issue that investors are not interested in much. Just follow fomo.

Apart from bitcoin being the best investment, layer 1 blockchain projects are the ones worth investing in. But not every layer1 project is successful so we have to do all the research when participating in a project. Layer 1 projects are extremely important in the cryptocurrency industry, they are the basis for the development of new ideas.

Can you give some examples here for layer1 projects that are very promising and good to follow because if you just say not all layer1 projects can be great to follow, then it is the same with ICO and IEO projects in the past and NFT in today which are also not all great to follow.

That's what it lacks, hype. no matter how good you think the project is, as long as it doesn't sell to the investors, it won't be worth anything at all. Now we have coins like Doge and other meme coins that are popular and even have some more liquidity than this web 3.0 project, just because of their developer's popularity and transparency about their upcoming plan. A successful project requires more liquidity when released nowadays which just means that they need to promote as much as they can.

It adds potential but it is not necessary to consider upon investing. Market influence, marketing strategies, etc...People had to look who is the team behind the project, they preferred to invest in a project that they feel it hypes. In fact, if we take a picture of how these NFT and metaverse projects evolve, it is majority seeing the possible hypes and that is why many are able to buy them.

If you are a short-term investor, it is a wise decision to feel in love with the projects evolving in hype but if were preferred long-term, choose those who have that kind of technology.

By doing research, we can find a layer 1 blockchain project that we can make as an investment other than bitcoin. But it seems that the layer 1 project also still needs time to develop so maybe we don't have to invest too much while looking at the situation and condition of the project. By giving more portion to bitcoin, then we can hope that the profit we can get will also be greater considering bitcoin is the main investment in cryptocurrency while analyzing and conducting research on layer 1 projects.

If what you are aiming for is investing in projects that are built under a network as it seems very risky at the moment, never mind during a bear market, even when the market is stable even if they can't guarantee that it will explode in the market. This kind of network project is actually better off following their testnet event, usually you can try it for free and then get their token, if buying to invest is really trying with high risk.

It depends on how long such hype and momentum can be fueled. In the best case, such a thing can last for years. As already written, Doge and Shiba are very good examples. There are also others. In the case of Doge, this trend has been going on for a few years, even though Elon Musk is a strong promoter of it which helps much. With Shiba, it has been going on for a little more than a year now and it still works. From the technological side there are hundreds of better projects out there.

Sometimes you have to visualize so many variables of the "token" environment that certain aggregates only seek to distract or distort the objectivity of what really matters in a project in which money is invested, its profitability, that being said, think about the ROI at what time it is going to execute it, sometimes defining the % of return and the time in which it is going to execute it, are the true objective of many projects, before visualizing and/or prioritizing the associated distractions.

People will be preferred to get a profit in a short time that is why hyped projects mostly give interest to the majority.
Meme coins, NFT, and the new metaverses projects...it comes into their mind it was not necessary to look deeper into what kind of platform it was using as in their mind is to make a profit.

Yes, it was good to invest in projects that promote transparency but it is just to see that investors seem to be getting practical now, they are preferred to ride the hypes and instantly make money from it.

That's true, Shiba has been around for a while and Doge, even longer built manly on hype and a market to support its growth. Would be interesting to see how much the hype and momentum can carry it. I personally as an investor would not bank long term on an asset which is only built on hype.

patience is the main key to reap success in the future, I think people who owned and still hold coins like ethereum, binance, solana and polygon (MATIC), are very professional people in choosing investments and I am very sure that they will not panic with the current declining market conditions, they will know when is the right time to release the assets they have, because the coin  the will easily rise as the market conditions improve.

The accumulation of bearish time is more reasonable, the first layer coins have more promising potential compared to the second layer, the difference is when the bear market is difficult to determine the best place or position to collect coins from the market to invest, a lot of risk will arise, when we can't understand how the concept or journey of the first layer coin with the second layer actually is

I'm not sure we can say that Layer 1 is almost dead, L1 projects are also doing very well so far. Also, when investing in new projects, it makes sense to pay attention to web3 integration, because the more a project follows trends in the industry, the bigger audience it can gather. L1 projects that integrate web3 follow the trend, in an effort not to lose the audience.

But if we see a project supporting all the new technologies and integrations, that doesn't tell us it's going to be successful. History remembers many technological projects that never gained popularity with the audience, even though their product was much better than the competition.

coins that are worth investing in ethereum coins and bnb coins, these two coins have potential in the future, especially now that the price of coins is going down, this is a great opportunity to buy coins, if you don't buy coins at this time, regrets will come in the future.

it's not a hype that's almost dead, it seems that the current market conditions are making everyone face a critical period. There should be no need to invest just yet, but if you believe in the project it is better to invest a small amount while waiting for bitcoin to recover we can be patient for that. In today's market, buying even a good project will be a higher risk than usual, wise people usually prefer to be patient for it.

Well I think almost every project built on layer 1 is worth investing in, if you want to consider web3.0 then it all depends on whether a particular project wants to integrate some latest features or not. If they do then I would definitely suggest investing but if not then they might just be hypnotizing and too promising so you can consider your investment risk a little higher. It is important to do more in-depth analysis before going any further.

That's true but don't forget that you have bitcoin which could be the best coin besides the coin you mentioned. I think it's possible to buy those coins need further analysis because the price can drop any time and you need to find a low price to buy them. Maybe buy the coins using multiple orders so you can get a variety of low buy prices. Never buy in a rush or go all-in because we don't know what will happen in the next hour.

If you are interested in investing in new projects then hold on to your decision because new projects will be fragile when the market crashes, choose top altcoins for gradual investment with lower prices, top altcoins have the potential to increase when the market is stable.

2023 will be worse than right now, there will be massive inflation and also food scarcity, it is what it is, we need to be prepared, at this point it's possible that BTC can go as low as 8000$ again, as crazy as this sounds it is possible, so don't be in a rush to buy crypto right now, release and watch.

But investing in a new project doesn't hurt either. I also tried several times to invest in new projects. The results are of course some are disappointing and some are good.
but indeed buying and investing in altcoins that are currently in decline in price is very good. Of course, don't be too greedy to put all our money into one asset.

I think it has been proven that even with the slightest potential, risking to invest into such projects can yield to satisfying results in the end. However, during this time where the market is unstable and could probably crash a lot of coins and maybe lead those to their ends, it won’t be also be a burden to be patient and wait for awhile to observe.

The massive decline is not over, in fact its just getting started, its better to wait because we still have a whole year ahead before 2024 gets here, things could get more ugly before that time which will take a negative impact on Bitcoin value and that will greatly affects altcoins too.