IMO, If the altcoin is pegged to fiat money or let's say precious metals like Gold it is already classified as Stablecoin because it was back by stable assets. you must reassess your point if you want to create a Stablecoin or a full-fledge decentralized cryptocurrency because if you do, you must build its use-case first then its product or services so that your token will have a demand from your product or services offered.
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The Defi market is on fire but besides of this development, we shouldn't take our guards down while investing in cryptocurrency. because Defi is not exempted from scams and fraudulent activities because bad actors are always lurking around and patiently await the right time to strike its victims, I hope Yam token would serve as an example.
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Base on the market statistics I can say that Bullrun is already here, and we are on the midst of it, just compare the market gains in the fast few months the market continues soaring to new heights it was only happening in last 2017-2018 Bullrun thats why I believe that we are on the process to achieve it technically.
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IMHO, XRP is a good coin with one of the fastest Blockchain cheap TX fees and the price range was stable even if the market was bad XRP still holding its position, thats why it is one of my coin choices in trading. while EOS and NEO are also good cryptocurrencies and its worth to hold because they have working products and services to offer thats why XRP, EOS and NEO its worth to invest and hold.
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Hey.
I researched very much in the net. I read numerous comments in the blogs. I saw to much messages in the telegram groups. and discord forums
and I found that most of the people really don't know why they chose their coin/token. just they know their coin is good and the future is belongs to them.
The Question Is: Why You Think That Your Coin/Token Will grow? (based on what?)
Mate, cryptocurrency investment is more on speculation and we cannot dictate the possible outcome even if the project is good and promising Let say it has a unique use case and working product but sometimes shits still happens without warning, so it's like a gamble in my opinion and the only thing we can do is to be sure that the project we have invested is legitimate and not a fraud.
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It depends on what kind of "new project", IMO If the project was useful in our present time for me it should be given a chance to prove that the project is useful. so that everyone has a chance to try it or evaluate it. on the other side of the story, the Defi craze nowadays is very big that even the new listed Defi tokens will be experiencing a price boom with just 24-hour time frame thats impressive.
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Same as before mate, people are just speculating about the real value of Defi tokens, and because the market is improving this time many investors are willing to gamble especially with those Defi projects, the hype is pretty much alive in Defi tokens today thats why its good to know that most of the cryptocurrencies are also experiencing price increase. overall its good for us but the question is how long it will sustain.
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I think its another form of hype, UniSwap is decentralized exchange has gained popularity these days, my friend told me that he was also gain some profit because he participated in Defi project that was listed in UniSwap after listing in several exchanges the price went crazy high in just a week so I believe those who buy it in UniSwap was made a lot of money on that Defi project.
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Great that was good addition of there services, CMC is already implementing many changes on the platform, and this time the CMC Earn program, I remember on Coinbase they have also an Earn program for its users by just watching videos and reading the content of the participating cryptocurrencies maybe CMC Earn program is just similar with Coinbase but I'm not sure its better visit CMC for more clarification.
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XRP price was stable compare to others coins in the market and because it has a huge coin supply thats why the XRP price won't increase much, But If the market will continue to display more improvement like this I think its highly possible to reach $0.50 in the last quarter of 2020 thats what I think and I hope it will happen.
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Is FORSAGE a Ponzi scheme? Buying ethereum to keep and buying ethereum to invest in forsage, which is better?
Yes, I believe that FORSAGE is a PONZI scheme and it's too obvious, in fact, my country's SEC already declares a warning against it, and officially categorized as a PONZI scheme. But due to Ethereum's Decentralized Network, it won't stop easily as long as there are people who continue patronizing those easy money scheme thats why everyone should take extra precaution while dealing FORSAGE to save your Eth.
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I think you can send your EOS base token or your EOS coin without RAM, CPU, NET using Scatter Wallet on Bloks.io it has offered 5 free transactions in there just import your Eos account on Scatter wallet and log in on Blocks.io and then you are on, I've done this many times already and its working so far. you should try it.
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I'm an Ethereum user since then most of my traded tokens are Ethereum base, but because of this super expensive gas price, I'm started to think about and look for another alternative, Eth is more expensive now compared to Bitcoin while sending transaction just imagine I'm sending a token worth $50 and charge me with 3 dollars transaction fee because of this I started to dislike Ethereum now! Only the miners will become rich and I feel frustrated about it.
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This is the bad side of the sudden left up of the most Defi projects. because many will ride in it including those scammers. If this accusation is true I think that the Defi projects are already infiltrated with those fraudsters and masquerading as a legit Defi project, and it was a treat to investor's money so take extra precaution while investing in those so-called Defi projects out there.
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Cryptocurrencies can be kept online or offline. If the cryptos are kept on the exchange platforms or other online platforms, it can be lost due to hacks.
So it is important to choose the best wallets that are safe and secure. Please help me in choosing the safest cryptocurrency wallets
I think there's a lot of available cryptocurrency wallets out there in online or offline form, for offline wallet I recommend such as ledger and Trezor hardware wallet is the most secure while in online multi-coins crypto wallet, such as Imtoken, Magnum, and Trust wallet is my own choice because I've been using it for a long time already. so I testify that its safe so far.
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I believe every project has a chance to succeed in due time, but it's beyond in our control to determine who will succeed only time can tell, in case of IDENA project, I can say that the project has good potential thats why its better to push it forward plus accompanied with hard work, creativity and innovation. I'm sure it will bring a good results like those other Defi projects.
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Please there's something I really want to understand about this crypto industry because at times as a newbie in this cryptocurrency industry you might get this wrong by making more mistakes in crypto. Does crypto name really matter before it become successful?
I don't think so base on my experiences the name is useless if your project is also useless meaning it is not useful to the present situation or to anyone for me the most important thing to any crypto project is its use-case because if your project has a product and services to offered it will be a catalyst to create demand so that the tokenized economy will continue to cycle.
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I was checking the Defi coins list on Coingecko. I saw that most of the Defi coins got a huge boost in last 7 days. Maximum of those are already 50%+ up in the last 7 days. Is it because Bitcoin becomes stable in a new price range? Or there is any other reason behind it? What your thoughts about this? Check the list here: https://www.coingecko.com/en/defiI believe that the Defi's growth in recent days is not purely related on Bitcoin price increase instead, the Defi market has a unique parameter why it kept growing till today although most of the cryptocurrencies are tied up with Bitcoin price movement Defi has exception because at the time that Bitcoin was floating in $9K level the Defi market cap was already shooting up,thats why I believe Defi has also contributed to the bullish market trends today.
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I think this is an old issue, Its already been a hot topic before but still, it was not clear until today. by the way, I believe Ethereum total supply will be determined after the launch of Eth 2.0 because if it did not fix it might be used against them to create another serious accusation which is not good for Ethereum.
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Trust Wallet is the official wallet of Binance exchange, I'm sure it has brought influence on TWT tokens as well, as we know that Binance brand is a popular and trusted name, thats why it might help propelled the TWT tokens into another level and become one of the successful wallet base tokens to date like AWC token of Atomic Wallet, so for me holding TWT tokens today will be a good choice until it was cheaper.
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