I like Uniswap much for being a fully decentralized exchange platform, but the number one reason why I don't use it now because of its monstrous fees, But I understand that Uniswap is only following the gas fees required on Ethereum Network thats why Uniswap has nothing to do about it but in relation, these huge fees can affect in Uniswap reliability if the gas problem persists.
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There's a lot of trusted sources of crypto-related information, and Bitcointalk forum is one of them, Coinmarketcap for a daily dose of insight and data. But don't just concentrate on Defi crazed, The crypto industry is big enough to explore just considered other platforms that less risky compared to Defi projects that were only run on hype and no solid fundamentals including use case.
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You know mate since the crypto bubble exploded in 2017-2018 I never hold or trust again too much in any project in that case I have no favourite project at all, I play wise thats why I don't hold any cryptocurrency much longer anymore because I already learned my lesson way back 2017-2018 and history keep repeating itself thats why I believe that today's Defi craze is a bubble and destined to explode sooner or later so keep watch. to be exact Top ranking cryptocurrencies still the best option to hold if anybody wants.
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IMO and honestly speaking I'm still doubting in some Defi projects that exist today because many of them are just empty and only copycats giving a too good to be true promises which is not good for investment, I believe that most of Defi projects are just riding with the hype and has no solid foundation to hold just in case something happens in the market unlike in the Top listed cryptocurrencies such as BTC, ETH, XRP etc.
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Thats good news and I believe those people involve are guilty and they deserved it, too much greed for money corrupts them, In the previous incident like this celebrity involvement in the initial coin offerings or ICO was used to bring more investors in the project, I can compare it to Centra (CTR) project which also promoted by Boxing superstar Floyd Mayweather that also went wrong after SEC finds out it was illegal.
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Binance always reminds its users to take extra precaution when visiting Binance website just make sure that it is the right one, Scammers are lurking around waiting the perfect time to victimized people so it's better to check carefully if it is the right one I'm using Binance for trading in daily basis thats why I always check it before I proceed.
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We cannot tell any exact answer regarding your question, because we cannot control the market movements and trends, all we can do is to speculate regarding the price of the most cryptocurrencies in the market even those experts who analyzed all the data in daily basis were not sure about the outcome so it doesn't make sense to answer it if were not sure. If we want to buy any coins/tokens just be sure it is a legitimate project and not a scam for me thats more important.
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I think this is the first exit scam attempt that went good in the ending Imagine he return the $14 million worth of Eth I'm sure he bothered by his conscience or maybe he just afraid to get bust and jailed but no matter what the reason of this sudden change I believe it brought a good omen to the SushiSwap price because it was on the rise again.
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The word Defi was overhype these days, thats why I believe it will be over soon because it was just a big bubble. IMO, It will not last for a long time just like the 2017-2018 market trend driving by ICO's today's Defi crazed is just temporary so its better to choose carefully from the real Defi projects before investing so that your money won't be wasted.
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Underground economy sounds odd to me, I think this project is a big joke because its not open for public trading, who's stupid to invest a project like that how can you gain some profit if its not going to trade publicly, thats why I believe its a scam in a making.
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IMO, I believe that XRP is a real deal it's not just a fly by night cryptocurrency because it is a working product of a duly registered company which is the Ripple, in that case, I believe that the XRP price today is not that important because its a long term project and if we compared XRP from other cryptocurrencies with the same supply level I think XRP price was far more stable.
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IMHO, I think its too early to say any conclusion about Polkadot token's sudden rise of price and CMC ranking. and it's very hard to distinguish now which is the genuine or fake because the market has thousands of listed cryptocurrencies and you need to check it carefully and it takes time, so let us conclude that the community behind Polkadot is very supportive thats why they are gaining such momentum, for now, but it doesn't mean that they will stay in that ranking forever.
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This is it another Defi project founders were caught up by greed and run away with the investor's fund., I hate to read news like this its make me angry and think that crypto industry is just a milking cow of those scam bugs and dragging out those legitimate cryptocurrency-based firms this must stop the industry leaders and state regulators should come up a solution regarding this problem.
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Where did you get that information mate are you sure that the number of people adopting with the Defi is increasing day by day, believe me, thats not gonna happen anymore because with the recent massive decreases of Defi base token prices it was already sending a wrong message to the investors about the Defi risk some investors already give up and voicing out their frustration in social media particularly in twitter, and because of that many investors are already aware regarding the Defi risk?
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Eterbase exchange hot wallet has been hacked and the hacker is apparently selling tokens on uniswap.
Be careful leaving huge funds on exchanges. Always keep it yourself in a secure way.
Its been a very unfortunate incident but it serves as a warning that every crypto exchange platform should enhance its security protocol and make it more reliable so that it can withstand any hacking attempt, I feel sorry for those users who lose their funds during the hacking incident.
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Thats true mate, history keep repeating itself and it happened before it will happen again today same as 2017-2018 Bullrun when many people getting the FOMO trap and buy every coin/token that they believe was good and suddenly the market is crashed and many investors were affected and left the crypto space its the same in today's Defi crazed after the market is crash many investors left the crypto space as well.
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Because of the recent spike of the Ethereum transaction fees that quite a sky-high cost I'm sure many are doubting now on Ethereum 2.0 upgrade including me, IMHO, I think it's wiser for new projects to look for another alternative smart-contract provider I'm sure that some platforms out there can give the same services that were offered by Ethereum I'm not saying that they should leave Ethereum totally but just to try other alternatives. just saying!
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Its a continuing cycle and CZ has no power to reverse it, just like 2017-2018 trend many were after the FOMO and buying any coins/tokens they want just like these days but It was was used another word and this time its Defi the FOMO in the past days is real thats why many investors are caught and weep because their money was gone with the wind. I feel sorry for them but its part of the game and the worst side of FOMO!
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Lessons to learn in cryptocurrency investment, the crypto industry was partly speculative thats why the hype was commonly happening around. IMO, the hype is not bad instead its an opportunity to send the message to more people and beyond about the project's potentials, I believe that the mistake is from the team itself because they are not capable or competent enough to handle the project's development including its outcome.
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You are pointing out that crypto mining nowadays is not profitable anymore? IMHO, I don't think so, look at Ethereum now the miners are struck another goldmine due to the insane increase of transaction fees, but only for Ether. and I'm sure it was a quietly different situation in other mineable altcoins.
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