Cryptocurrency is solution to the many problems and a time will come when fiat will have no value. Its the best thing for what what we define financial freedom.It has many advantages over the present financial situation for example it minimizes the cost of cross border payments.It is more secure compared to other means.And most of all more confidential transactions.users can easily make payments by remaining anonymous.There are currently more than 2500 cryptocurrencies or altcoins in circulation worldwide. Each one has a significant proportion have been created for specific use cases that illustrate the flexibility of the cryptocurrency phenomenon.
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This is a new game started by many different exchanges to raise their own funds. Previous crowdsale were much good because people had time to get to know the project in detail and can invest as per it. But sometimes due to funding the projects failed to start and had delays but that was still acceptable. But in case of IEO every exchange had created their own coins and conditions apply that IEO can be bought with those only and 80-90% times people and investors cannot buy it and the same old story pump and dump making people loose money.
On the other hand many projects needs start up and listing in an exchange like IEO can solve such problems providing the funding platform.But unfortunately now--a-days many shit projects are coming every now and then and making people rekkt.
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This is a new game started by many different exchanges to raise their own funds. Previous crowdsale were much good because people had time to get to know the project in detail and can invest as per it. But sometimes due to funding the projects failed to start and had delays but that was still acceptable. But in case of IEO every exchange had created their own coins and conditions apply that IEO can be bought with those only and 80-90% times people and investors cannot buy it and the same old story pump and dump making people loose money.
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The best buy always has been bitcoin and always will be.But seeing the market conditions staying in stable coins seems pretty good right now. The things are quite complicated right now for novice traders.Few coins like atom for the last few days has shown very good prominence and its really good and can be a good option.We need to look out for news like main net or blockchain moving or any important updates as per roadmaps and announcements of any project so that the we can make some short term profits.
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The current sentiment around the crypto markets indicates that the majority may be falling for yet another emotionally driven trap.Death cross and Golden cross has been two vital things which people generally look out for.Present market situation is very volatile and playing leverage is really not very good and novice traders generally getting rekkt.Its better and safe to wait for perfect market condition and then act accordingly.A little rise or dump in btc creating panic for the altcoins.So its safe to be in any stable coins rather than getting wrecked.
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Lot of fuds and hyping going on at present.each day people hoping to get to the moon but that's not true,current situation only tells pump and dump situation.Ripple launched the X-rapid payments but that doesn't seemed to effect the price.Moreover maximum tokens are possessed by one person.Project is good and people will definitely get some profit but that will not be what many people are expecting based on moon theory.Considering payment system and transactions projects like lumens and litecoin are more effective and transparent.Many people do not like the fact of cetralized tokens.
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Cardano with no doubt is a very good project with high potential.It offers a nice scalability with security through layered architecture. We always need to see the whitepaper,roadmaps and team first. And in all these three fields it really has proved its worth.Cardano was conceptualized by Charles Hoskinson who happens to be one of the co-founders of Ethereum.Cardano seems good for a long term hold and will definitely give good returns in future.The present price is bit more we have to wait for a correction as market dominance now is not healthy.
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Atom ha been showing great response and its project is good so I guess it will be a good option for a hold.But personally I am still waiting for the projects to make some more promising developments.ADA XLM are two very good project and has been showing some good potential and indeed a worthy project.Moreover we are almost on the brink of the end of one market cycle another to begin.Sooner or later we will see everything in green once again.Recent tether news have already spiked the price of BTC high and soon a little correction and then we are off to a flying start.
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The main goal of the project is to allow app developers to have smart contracts that can access more computing power when necessary, or the same computing at lower costs for tasks.Loom network also a solution to relieve congestion and focus on DAPPS and different social platforms.The total team members at present are around 50 and may be we can see growth in it soon.While making transfers and participating in the loom network it is necessary to hold at least 1 loom which can be used as stake in their platform.
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It focuses on providing anonymity through zero knowledge proofs and security through a novel Delayed Proof of Work (dPoW) protocol. With DICO, coins are distributed across many nodes on the Komodo blockchain, making it almost impossible for a large number of coins to be concentrated in the hands of a small number of people. With introduction to BarterDEX which has been intergrated to go through on a single solution making the atomic swaps easy.With people slowly gaining knowledge it will be a mass adoption and that is what required to push the price up.
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Bitcoin Rocks with price reaching above 5800. Again squeezing up different shorts and now on the run. We are just round the corner of witnessing another bull run and still there is time left.Few days back the news about tether backing up and all has already set the price action in motion and we need many more catalyst like this to come and move up the price. Always the charts tells the story and same happened this time also.We are on the verge on another ending of a market cycle and many predictions are soon to come true.
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"Ontology is to launch the Paxos Standard (PAX) stablecoin, a cryptocurrency backed 1:1 with U.S. dollars, on its blockchain." Many projects like ONT,Verge,Vechain didn't really had a great impact and are still compared as an undervalued coin.Recent announcement of Paxos will definitely hype the price a little but the overall things still remains the same. Mainly it emphasize on making cross border payment system more fast and secure. But already many other projects like xrp have already shown great potential in the field. Only time and developments will tell how things are going to affect the crypto space.
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Some projects use the waves platform and have been using them for some time. Recent quote in the april 19 meet :- "We’re developing applications that bridge the ideology of blockchain, Web 3.0 and decentralisation with reality. We are creating systems that will work and make money right now.". Though the project has started doing developments but I don't think the price will soar high,it still needs time to mature and have some big developments.
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Till now I have used the exchange with no problems so far.And the transactions were smooth and fast.The only problem with the exchange is the transfer fees is quite high and the volume is not good if compared to other top exchanges.But still the exchange is quite good and we find many options here which are not available in other exchanges.Also recently they have started many offers to retain its users and attract many other customers.Some of the offers are really good and worth it.You can definitely give it a try.
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Yes its true that it has one of the longest blockchain.Moreover DigiByte’s pricing is very much tied to Bitcoin, but it’s much more of a blockchain 2.0 project. Its three-layer blockchain network separates smart contracts, processing, and decentralized applications.Unlike BTC, five mining algorithms are used: SHA256, Scrypt, Groestl, Skein, and Qubit. This makes mining decentralization much more possible than most ASIC-friendly cryptos.Also the transactions supported by it around 280 per second.The project has a good potential and really worthy of investing.
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Well lots of fuds and false information floating around internet is quite common these days.But one thing for sure I know that its gives profit sometimes and I just take it and go. No one can disagree the fact BNB is a centralized security token and that is what I don't like about BNB. It will slowly be starting and heading towards same thing i.e. monopoly. And the whole idea behind cryptocurrency will be in vague. Delisting of Bsv could be one important factor of creating and spreading such fud.It has really emerged as a very strong competitor now by applying the IEO introducing pump dump theory and made funds to launch binance dex and project are migrating.Lets see.
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There is nothing more convincing than you research own and do trading a accordingly.There are many groups just like many YouTube channels where people are giving signals. First we have to gather knowledge of our own and gain some insights rather than believing in something. Just like internet lot of fake news floating around we have to be cautious enough to differentiate Between which is true and which is fake. Many whales even for their own profit give signals for their own profit. Be careful and safe trading.
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Alt coin trading is really pretty risky seeing the present scenario.I am keeping myself aloof from trading now.Just keeping focused on stable coins for the time being.And in between when I see good condition I go for leverage but only for shorting.We are still in a bear market and leverage seems a safe option for me.If bitcoin dumps then it also effects other alts so its pretty risky to fix targets now.Moreover bot trading has also been in the rise and pumps and dumps are quite common now.
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It depends on how you play the market and what mentality you got and planning.It differs from person to person.For instance I stake some coin then there is no guarantee that the price will not fall down.And also there is a chance of getting profit also.But doing margin trading by lending your alts for 3-5 days that is good enough but more than that its quite risky.Its better doing day trading or even holding coins for a long time keeping them safe in hard wallets.Own funds at own's disposal.
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