How can I understand a meme coin's position in the current market? Is there any way to tell if it will be good or bad? I have seen MEXC exchange add many meme tokens daily. How to identify a good token from here?
there is no good meme coin, because investing in meme coin is like gambling, if you are lucky then you will get a lot of profit from investing in meme coin and if you are unlucky, then you will lose your money, therefore I suggest you not to invest all your money in meme coin and my advice to you if you want to invest in meme coin, "buy when there is hype and sell immediately if you have made a profit (never hold for the long term)". These coins doesn't have any purpose. Some have been developed further and given more realtime usage. One such is the Shiba Inu which just existed and gained popularity. Soon after that the development and burning process have been followed to make the Shiba Inu valuable and got more real-time usage. Though these memecoins were some sort of gamble, these coins were also required in a competitive market. Yes memecoins has no dedicated use case but they are a hot trend on crypto at the moment. People love something new and unique, though some copy projects too have faired well like Shiba Inu. The basics comes down to the advertisement and size of the community. Both of which would bring more talks and potential buyers. For the meme coin to be successful, it should be able to engage the community around it for a long time. Though I missed PEPE, I'm already into Pepemo. |
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I do not like to see people using P2P for centralized exchanges. The centralized exchanges has been confusing people about it. P2P means the exchange should be without any intermediary but the exchanges are the intermediary which make them not to have P2P but another thing entirely. P2P are: - exchanging bitcoin directly with another person like on this forum
- the use of decentralized exchanges
If we want to call centralized exchange P2P, what should it be called? We need a name on this forum to be calling them. The centralized exchanges have stolen what P2P is. Even many people on this forum are calling them P2P. What about CEP2P? It means centralized exchange P2P. If anyone advertises P2P when it's not, it should be illegal. I have no idea what type of P2P you are talking about but most of the centralized exchanges I know does a P2P keeping itself as a escrow system. Having a escrow in P2P don't make than non-P2P. |
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That's why everyone are moving out of Ethereum tokens. I used ethereum blockchain only to transact ethereum, for everything else, theirs Binance smart chain and Polygon. I'm also thinking of joining avalanche and solana for games and NFTs. No one should issue a token in Ethereum chain as of now as it would make it impossible to transact. There are instances where I have some $100 dollars worth of ERC20 token but depositing some ethereum and withdrawing it would be more costly than the price of the token. |
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Of many ways of money laundering, arts and crypto are some prominent ones. And NFT combines the goodness of both.
A real mostly doesn't depreciate in value. Making it a stable and profitable investments. People laundering money buy art from different countries (Argentina) and store them some place safe (Switzerland) just for the expectation of monetarily gain and turning the black money into white. NFT's would be the same and you don't need to transport them or let others store it for a fee.
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Tether is used by many and stablecoins are a rising market, but are they really stable?
What makes a stablecoin truly stable and what can we do to assure they are backed 1=1 unlike Tether.
I use Tether for immediate transactions and trade but never hold them. They are mostly unavoidable as they become the only route through for many exchanges. Among all the stable coins, the one which would be safest is DAI. They did have some problems in the past but not they are backed by a multiple of coins including USDC. That said, it would suffer even a few of those coins crashes. That makes them a stable among the stable coins. |
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BNB surely is a good choice as it has a good backup from the largest centralized exchange and has proved itself a capable utility token in Binance smart chain. BNB had been above 650 and it would be no surprise if it goes to 1500 if the market remains bullish or even constant as it's rise has been better in comparison to other coins. Increasing transaction price is an issue but it's still about $1 and the transactions are quick at that fee compared to Ethereum.
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Tron has a cheaper and quicker network but they don't have much popular defis and dapps while on the other hand, BSC dominates in the number and volume held on defis, farms, pools and also in dapp gaming. Polygon has came up as a competitor to Binance chain but they have a clear domination. I don't know what's stopping people to create similar defis and dapps on tron ecosystem. The underlying programming for tron which in a way is different than Ethereum might be one of the reason as most developer are familiar with Ethereum dapps and its compatible to Binance chain.
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https://blog.1inch.io/top-5-most-common-user-mistakes-in-defi-273001aeafc3Top 5 most common user mistakes in DeFi "In this post, we’ll discuss the most common mistakes made by 1inch users. Learn from them and don’t repeat these mistakes! We at the 1inch Network hate to see users lose their funds, even when it happens as a result of their own mistakes. Therefore, we have prepared a top 5 of the most commonly made mistakes for you to learn from." Nice article. They do generalize the things we need to be aware of if we are using defis. I guess, my lack of research about the coins are ruining my value of liquidity pair. There are many defi coins to choose from but most of them promising larger APR generally decrease in value due to high inflation. Tokenomics are really important and not just the total supply but also how they are released. For example pancakeswaps cake token keeps its steady price even without a limit of total supply. |
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I am not the one making profit with my crypto trading but going with the hype is much more rewarding in my experience. Buy on a rising market and sell and watch on a falling one.
You buy and sale and keep buying and selling on a bull market while you stop loss and get out in a bear one. The only thing wrong with buying on dip is you never know how much time it would require it to go high or how low it's going to go.
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I read over the news about John Cena NFT only selling 30 tokens in its public sale an event that prompted the star wrestler to withdraw his support for the project and putting it on gold, and from my personal experience, Ill the NFTs tokens I bought have not yielded any profits all stock in the sale stage for over 4 months now, unlike the ICO era in 2017 where investors making 800x profits just within one month of investment. What seems to have gone wrong in the NFT market within this short period of its existence?
x800 profit cannot be explained as natural growth for any business. We could assume that investors have became more cautious and selective as they learned from the bubbles that led them or others to loss. NFT's are a much more important expect of blockchain than ICOs and it's here to stay. It was already a bad advertisement when people were buying the earlier NFTs like crazy in millions. There are and would be NFTs that would be worth millions but not every of time. I'm happy that the NFT bubble busted sooner. Now most of the growth in NFT marketplace would be a healthy one. |
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In my experience, Trading is the most rewarding one for me.
I made an table to find the fields which rewarded me the most in last one years. That included Staking, Yield farming and Trading (bot).
The most I earned and retained was through Trading (bot). Staking are stable but has lower rates and the profit depends on the price of staking token. Yield farming are high earners but they are difficult to track, maintain and compound. Some of my yield were just lost due to wrong investment yet the overall result were on par with Trading (bot) which is much saer and less painful way to earn.
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It's called a naked sportsbike. But mostly I use it for commute.
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Was unaware of it. But researched a bit and seems like it's a much better option than hydrogen fuel cell or Lithium ion.
It would also be easier and more environment friendly to use air cylinder like the way we use LPG cylinders.
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There never the need of asking for private keys to distribute a bounty. Simple smart contracts would be more than enough to verify and send tokens. They can even initiate balance check or blank transaction. Anything that is asking for private keys that to on their side is definitely a scam.
And you seem to be messing up the real and fake url and social media accounts of the project which is another popular form of phishing scam. You should be extra careful to follow with proper links and related social media.
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Yeah. Coinmarketcap is the place to be. They have most of the reference you need and you can just filter the defi coins and learn about them. For the general trend and stats about users and volume and sudden changes in preference of market, I use dappradar. They provide good info about how the users and volume are moving and who is leading on specific sectors. |
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Shiba Inu is a ERC20 token on ethereum paltform. The safest way to store it for longer period would be hardware wallets.
Both of Ledger Nano S and Trezor wallet would support Shiba Inu. You can also store them in a paper wallet.
Metamask and Trust wallet are probably the best you can have on device wallet. Both of them don't push your keys online. You can even make a wallet offline and transfer to it.
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