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NFTs as they are know today have no future. No one are going to buy unique hash associated pictures that anyone can generate in any amount. For something unique to have value it must hold some significance. There's a difference between the doodles of pablo picasso and doodles made by me. If people are willing to buy my doodles, I'll make one every hour. NFT still can be a thing as unique identifier for some real product. It's a technology that might have more significance than what we know now. There could be more use cases that may bring them back in significance but the hype for the NFT we know now is dead.
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I might have limited knowledge about many of the coins but the success of an exchange token or a wallet token depends on the utility of that coin. Most of the exchange coin model are linked to exchange fees and that's a utility. Larger the number of transactions, more would be demand for the coin. Many of exchange tokens are not only limited to decreasing the trade fee but also have other utility like BNB as a gas for BSC. That makes BNB one of the most successful alts and the most successful exchange tokens. Wallet tokens too might have similar utility but as most people use wallet to just get, store and send coins, the wallet tokens might never be as successful as exchange tokens.
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If you are looking for a meme coin that has potential to increase multiple times than BOME is what you need. They have all the recipe to get success and rise as one of the prominent memecoin. They are already quite popular but hasn't still achieved that large hike. They are always among the top traded coins and has large accumulations.
If you are looking for something less popular, MEW is another memecoin going through huge accumulation. Other cat based meme like fomcat and flatcat are also getting good attention but I haven't researched about them yet.
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While you are scared, El Salvador keeps buying the dip every day.
it seems like El Salvador is taking advantage of the current market conditions and adding to their Bitcoin holdings. As of now, they own 5,700 Bitcoin, which is quite a significant amount. It's an interesting strategy and shows their confidence in the long-term potential of cryptocurrency.
anyways for now i'm happy about the halving and will be celebrating it with the Halving carnival Bitget exchange is organizing, who knows if i can win some free bucks and buy bitcoin too
what are your thoughts on this Anon ?
There are no reason not to believe bitcoin and crypto currencies would keep rising like they always had been and keep breaking past All time high to create a new one. Specially when there are a large amount of coins frozen by institutional investors and a sharp growth in interest in crypto. I don't want to create a FOMO but in my opinion, you are going to lose a lot if you don't hold crypto in near future. If you don't have or want to increase your stock, the current dip could be the best time as we might never see this price again. |
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I don't think Israel Iran issue is such a large event to initiate a crash in crypto market. After all the Iranian attack was a face saving stunt and they don't want to escalate the tensions. We've seen far worse situation and such events never had large effect on crypto market.
The current crypto crash could be due to a number of events and incidents and overall lack of confidence of the investors. There always had been a correction phase around and after the bitcoin halving and we might be experiencing that. I believe the current fall is temporary and soon we'll have larger bull run breaking most of ATHs.
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After running here and there switching boats, I'm back to Solana.
In order of getting into the meme hype, I used a multiple of L1 and L2 solutions. My meme endevour was not a huge success but I did managed to experience transacting on different networks, using dex and bridges and what I realized is there are no contemporary competition to Solana. Solana below $150 at the moment is the best time to accumulate the coin as I see it reaching 1K very soon. Even with so much use they are maintaining a healthy and workable network. So, the network would keep on growing at a faster pace and it would ultimately benefit the price of Sol coin.
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The trend has worked without fail till date and there are no reason this time it would be different. There has always been a price surge a few months ahead of halving, a correction around halving and a large bull after few months of halving. Currently we are near halving so this correction phase is satisfied. There undoubtedly would be a bull near the end of this year or early next year. So, it's the perfect time to accumulate the coin you believe in. As we might not ever be able to get them on the price they are now.
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I have no idea about others but I'm interested in zksync. How can I participate in it's airdrop?
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Big news in the blockchain world as Solana has officially surpassed the 2000 TPS mark, making a bold statement in the ongoing race for scalability! This puts Solana not just ahead of other major cryptos but also challenges traditional payment processors like credit card companies in terms of transaction speed.
What’s more, while BNB shows high TPS, its centralization is a concern. Solana’s feat is significant as it combines high throughput with decentralization, something we've been advocating for a long time.
With Ethereum priced at $3k but managing only around 62 TPS max, and Bitcoin at about 11 TPS, can we start speculating? Could we see Solana hit a $3k price point soon? What are your thoughts?
TPS has always been the plus point for Solana. The largest resistance to bull had been the speed of transaction in network. And we have seen network like Ethereum reach to halt as the popularity of an onchain game like cryptokitties in the past. They would have not handled the meme coin hype at current time. Solana with it's higher TPS had been the choice for viral meme coins. They provide a platform to transact quick and with low fees. Theoretically they can handle 5K TPS without any issue, but we have never been there. But the 3K TPS mark would break soon. Let's see how much she can handle. |
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Do you buy, for example, 1 0 random coins for 100$ each, or do you wait for something interesting and invest heavily? 
I actually tried it and had a small profit by the end of the week. I have a day job and a family so I couldn't allocate much time but if you just have time and track the coins that are released just today, do a simple 15 min research and find how committed the developers are, commit to the coin and wait for the pump and sell at good time, you can have a good profit. When considering pre-sale, you should also consider the lock in period and when transacting, consider the extra fees. I might have a week off in a few months and I'm going to give my strategy another go. |
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Many said, its gone! But bounce back of solana make surprise everyone. And this time it becomes so developed than before. And it has everything now even it seems, people showing their interest about solana'r projects. That's why projects under solana chain, become so hit and most of the project get successful. Recently Memecoin WIF, BONk, BOME launched through Solana Ecosystem and now leading in crypto industry, even they made lots of people millionaires. Is it coincidence or solana ecosystem is going to lead After ether and bnb?
Considering the network growth rate, Solana could soon become a leader in sidechain solutions. They are growing at a much faster pace as there are no network congestion or significant fee worries. It's high TPS has made it the favorite platform for most people. TON was another competitor I was considering in the past. Even though TON has larger TPS and has even rose in price recently, the fees for transactions are already high. I might be missing something but the transaction fees I'm paying on TON is already higher than Solana or BSC. |
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No. A good number of meme coins would survive and flourish. A good number of it may die but they would get replaced by newer meme coins. After the success of Solana meme coins, there are people flocking to base network just to buy newer meme coins.
Though there's a flash fall on overall crypto market, meme coins suffering the most, I believe they'll return to their formal glory as people who missed out last time would be accumulating coins at a cheap price. I personally have the largest share of memecoins at current time than any time in the history.
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I've once heard about decentralized alternatives to eBay and Amazon where you can buy/sell items online without middleman. OpenBazaar and Parcl are among several alternatives aiming to transform e-commerce. While they've gathered a lot of attention within their early days, it seems the concept of a "decentralized marketplace" is fading away as the industry shifts into "meme" coins and NFTs. Are tightening regulations one of the reasons why decentralized marketplaces aren't taking off? Considering what happened to Silk Road in the past (although not truly-decentralized), it's likely such projects will remain a "niche" forever. Too bad because this had the potential to radically change e-commerce for the better. Thoughts? I don't think we are ready and the technology far enough for such market to have success. The current centralized marketplace provides much more benefits, discounts and safe place to trade and return. An open and fee marketplace would be overwhelmed by fake products, sellers and reviews. There would be no safe way of exchanging or returning products. The centralized market do make it easy for the suppliers and customers while decentralized market may mean suppliers need to be tech friendly to get listed. A good supplier would rather focus on decreasing cost of production and maintaining the quality rather than worrying about being listed. |
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I'm invested on multiple coins and diversification is always better than investing on a few coins. Still if I were to choose a low risk high reward coin at the moment to invest all my 40k on, it would be books of meme (BOME). Bome is heavily accumulated at current price range and is near a heavy resistance that's been unbroken since ever. The coin could easily do x10 in a matter of years.
Among popular altcoins, I'd still chose Solana, even though it's like x10 in last 6 months, it can still make another x10 in a few years.
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I don't know how many people do this, checking exchanges on monthly basis to know their performance and know how to go about them. This is a source from Coinglass that shows the top cex that has done well this month.
some users may not have many accounts on exchanges. only have one or two accounts on the CEX exchange for trading purposes that they already trust and think they are comfortable with. I don't think many people will check the performance of the exchange. maybe check when they have new tokens in their wallets that are planning to be listed on CEX. it may be different for those who trade with an Arbitrage strategy. they definitely monitor how developments and changes occur in each exchange to look for opportunities. There are a few exchanges I use and it doesn't matter and I don't check how they are performing on monthly basis. Binance surely is the leader and is one of my most used exchange. It satisfied most of my needs on cheap transaction fees and withdrawal fees. There are a few more exchanges I use for some special coins or for some special needs like higher interest rate on staking or options for bot trading. The exchange coin doesn't always signifies the success of the exchange as they are differently utilized on each exchange. Even though they perform well on bull market they are not among the best performing genre of coins recently. Meme coins and Smart chain tokens outperform them everytime. |
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BSC meme coins are already a dominant force and as there are cycles going on for pumping meme coins there might come times when BSC meme outperforms Solana but in general, Memecoins on Solana are having more success than any other network. More serious projects do have more relative success in BSC L2 and ETH L1. But meme are now dominated by Solana.
If we look at the volume last 24 hours, Solana based meme like dogwifhat, bonk, bome, mew are in top 10. Base is another network that has been gaining momentum in meme coins.
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Except for tier 1 exchanges, I use some exchanges and tools that may be useful for others as well.
For defi and new coins, I use sites like dexview and dexscreener that displays info about new and trending token as well provide best route through dapps to exchange them. 1inch is another dex aggregator that provides best route to exchange your coins in a network or bridge between. Among non dex options, Shapeshift and. Exchangelly provides quick and low fee instant exchange between popular coins. Bestchange is another option that gives reference to best rates for crypto and non-crypto exchange and bank transfers.
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I used to play a lot of these games that has simulated mining and virtual mining but they get a bit boring and reward wise they are not as good. I currently am using simplebits where you get energy every few minutes which you use to generate hash which depends on luck and multiple other factors like devices, processing power, etc. There are BTC, LTC and ETH mining but you need to choose one. It doesn't matter what you do, you get paid on bound tokens which can be withdrawn through multiple coins. Another one I still play is rollbit.
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I am currently 100% in altcoins and wondering when we can expect the next big alt season?
I plan to hold all my altcoins till this alt season when alt coins are performing better than Bitcoin and then start putting profits into Bitcoin.
Altcoin follows the Bitcoin trend. As we are going to have a Bitcoin halving soon, we can expect at least 50% rise in price of Bitcoin next year. That may equal to x5 to x10 for some altcoins. For that we may need to wait over a year. Altcoins surely are the better option if you want large profits like the way Bitcoin achieved in the past, Bitcoin too can do a x2 or x3 but it would take time. In the same interval, some promising alts can do x20 or x30. Even a popular coin like Solana can easily do x10 to $2000 in next few years. That would not be possible with Bitcoin. |
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Earlier, he was making lot of posts related to different altcoins. I do not advocate this action but it many times gave some boost to that coin. What is the reason that he has stopped doing that ? Has he been told not support any coin by some court order ? Or did he stop because lot of people ridiculed his actions keeping in mind the level he is at financially ?
It's not easy for a person like him to shill a coin causally. He's already into trouble with SEC for his tweets in the past. I know he must me accumulating a lot of coins and when times come right, he might let it be known to the public one way or other and dump it when he gets a good price. There's a good accumulation in dogecoin in anticipation of being accepted as payment for Tesla's EVs. Similarly he could add another coin he might have accumulated as a payment method for X, that would take the price to the moon. He'd not want a direct confrontation with SEC for plain shilling |
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