Parachain Swap's airdrop has been quite controversial as it only rewarded a small portion of its users. The vast majority of the people weren't rewarded (especially airdrop hunters), resulting in a decline of the token's price.
ParaSwap distributed PSP tokens to early users in value of $150 million. Actually, terms of getting airdrop were not transparent and it is still unknown how they chose people who get tokens. The ParaSwap dex aggregator has been launched its own PSP token. In honor of this event, the team made a major airdrop to their users. Unfortunately, only about 20 thousand users of the platform received a drop of 150 million coins (7.5% of the total amount of coins). Personally I hadn't used this platform actively, so I was not disappointed that I hadn't got anything, but there were a lot of people who constantly used this platform and they also didn't get anything. |
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The hype around metaverse and gaming is still ongoing so I would rather invest in something from these spheres. Maybe I will find some new promising projects but as for now, I invest in Decentraland and sandbox that are building their own metaverses. Also my friends have recommended to me some new games so maybe I will invest in their tokens or play a little bit.
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I have always believed in Matic and eventually it hit 2$, that's wonderful!  I remain optimistic about its price in 2022 and I think that it will go up to 5$. This chain attracts more new users because it is cheap and it has a very fast-growing ecosystem. It has a lot of trendy projects connected with NFT, gaming and metaverse. I am sure that it will continue developing and, as a result, there will be new ATH soon. |
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Always take risk into account. What is your risk tolerance?
I am trying to comply with risk-management, that's why the majority of my money is stored in stable coins or in mainstream currencies such as Bitcoin, Ethereum. I can afford to use about 10% of my capital for different risky things such as investing in new projects and risky defi-projects that potentially can yield me a bigger profit and at the same time I am not afraid of losing this sum of money. |
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I want to know with what platforms you are working with.
Great Day
One centralised exchange that I can recommend you is FTX. It requires very low commissions. I use it to exchange fiat for crypto, but when I want to work with crypto currencies, I use pancake swap that offers a big range of tokens (new tokens included), sushi swap, quick swap and some aggregators when I need to change a big sum of money (Paraswap). |
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I don't know why you all choose to hold risky and unstable currencies, but Coinbase is now offering a non-destructive alternative mining program that can steadily earn 5% per day as long as you have USDT in your wallet and participate in DeFi's mining program. For example, I have 130KUSDT in my wallet right now, and I'm generating 6,000-7,000 usdt of mineral revenue per day from the mine pool. There was no collateral and Coinbase was the first exchange in the world to go public, so I felt my money would be safe. So I choose it. What about you?
It is up to your tolerance to risks. If you can take big risks and you are easygoing about losses, you can invest in risky coins, but if you are a conservative investor, you should choose something less risky, such as stable coin staking. But actually, as you have such a huge deposit you are earning big money on it, but those, who don't have such a big capital, need to take bigger risks so as to enlarge their deposit. |
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Is Musk the boss behind SHIB? Is there an advantage in the future? I am optimistic that SHIB's performance is as good as DOGE  Can someone explain, thank you  No, Elon Musk is not boss behind SHIBA. He claimed that he didn't hold it. I know that he supports Dogecoin as he invests in it on his own so he keep in touch with its developers and support all new updates like it was a couple of weeks ago. After a new update he noted the importance of this event as he believes that dogecoin will be used as a means of payment in the future. |
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One of the most trending meme coin #Shiba Inu and Doge coin competitor has closed 4 day candle stick on Red now...the downward trend even looks more terrifying.
What's going on, any expert Technical Analyst on this one? Please, I would like to hear our opinions on this one.
I don't apply Technical Analysis to meme coins. They are supported just by hype that can't be predicted by technical indicators or patterns. As Bitcoin is falling, almost all altcoins follow its trend, what is more, meme coins, especially shiba was too overheated, so it must be a correction then. Hype can't last forever, so as there are no more reason for these coins to grow, they will fall. |
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When everything is pumping, there are some spheres that are more successful than others. I will give an example. From July to November, everything has been pumping, but NFT projects, NFT-games and some projects connected with metaverse have had the biggest popularity. So my strategy is to monitor, which sphere is the most successful and then look for projects from it.
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Personally I am going to hold all fundamental projects in my portfolio. Among them is Polkadot, Matic, BNB, Near, Solana, Cordano, and of course ETH and Bitcoin. I can't believe that they will ever be abandoned as they are widely used because they solve different actual problems. They will experience a drawdown first because of bear trend, but I am sure that they will continue being used then and they will pump.
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ALL Crypto is crashing. What happened to crypto? Is it the end of crypto?
Don't make a fuss about nothing. Crypto market is overheated, so it must be a correction. If you can't bear drawdowns, you had better sell off your crypto and enter the market when trend will be bullish again. But if you are a long-term holder, just calm down and keep in mind that assets that you have now, will be much more expensive in the future, so you just need some time. |
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I have come across CheckDot recently and I really excited about this project. I think it has big prospects. It will benefit crypto community a lot as we will be supplied with information about projects so we will not have to search it on our owns through the internet. This project has a really interesting concept so you can consider its native coins for investing and maybe participate in its development if you are interested.
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Aurora is an Ethereum virtual machine (EVM) for scaling decentralized applications on NEAR. It has recently completed its first round of private funding, raising a total of $12 million. This platform will provide developers and users with an Ethereum experience on top of the NEAR protocol. It is a serious project with many partnerships and investors.
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I know that Polygon is considered to be a blockchain that is actively used for NFT-projects. Many NFT-projects that work on Ethereum, work on Polygon as well. For example, Open sea works both on Polygon and ethereum. Maybe you also know Unifty and Artavatars that also work on Polygon. There are also some games on Polygon such as decentraland and neon district.
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If we are talking about Pancake swap, I will recommend you IFOs. As it is the most profitable option as for now.
To participate in the initial distribution of coins of farms, you need to:
1. Activate your PancakeSwap profile (connect to MetaMask, select Basic Sale (there is an Unlimited Sale for large investors), go through all the stages of profile activation (price 1.5 CAKE). After activation, you get an NFT profile. It is necessary to participate in some of the site's activities.
2. Then you need Cakes in the amount of $ 100 on your account
How to participate in theory:
1.Go to IFO on Pancakeswap
2. Click the add button and add to any of the formats that you like Basic (up to $ 100), or Unlimited
3. Add the number of tokens that you want
4. Waiting for the end of the IFO
5. Then take unused Cakes and native tokens of the project
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Actually, I think that Bitcoin will also become more stable in the future. It is becoming more and more widely used as a means of payment by different companies and countries, so it will be used for buying products so it will follow the price that it is expected to be. In terms of stable coins, those of them that have collaterals are centralised, so they don't really fit into the concept of real crypto.
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