Alright, first you need to see other parameter as well such volume, not only the price. Then you need to find out about the volume whether it is real or just a fake volume. Probably the coin has not enough liquidity, resulting the price to rocketing when someone buy for a little amount with high price.
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I think it is because people lack of knowledge and experience about scam projects. The knowledge to distinguish between scam and real project is very important in cryptocurrency. There are many aspects that we need to look closely such as Project's whitepaper, team, resources (github), etc.
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This kind of people are the reason why many investors left cryptocurrency world. Developers should not using the hype moment to steal people's money with their scam project. No need to turn the project into a defi project, just stay at the track of the plan will bring the project to success.
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Seriously ? There are too many corovavirus coins created since the virus spreaded. I know some of them are only scam coins, people has lost their money because trusting them. I suggest you to avoid the coronavirus coin or something related with it and find other good coin.
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I don't trading on uniswap, the decentralized exchange fees for Ethereum network is very high at the moment. It can cost about 450++ gwei per transactions which is insanely expensive for only $100 transaction. If you want to trade, just use the centralized exchange like binance, you don't have to pay gas unless you withdraw the coin.
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That is cheat of course, the team shouldn't do that, otherwise the value of their coin will going to dump. The total supply of the coin should remain the same from the beginning to end, so the holders won't lose the value of the coin. It is very important to know the coin details before we buy them.
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There are no one dictating the ethereum gas fee, but there are some users that have using the high gas fee. You can see here https://etherscan.io/gasTracker , the Uniswap router is the one who using high gas fee. They are using very high gas fee so their transactions can be done quickly.
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That is what im afraid of. If Ethereum gas fee continue to stay high, many people will not prefer to using Ethereum anymore. DeFi platforms are not only in Ethereum, there are on several blockchain like Tron or EOS. Maybe Ethereum foundation team should find a way to reduce the Ethereum gas fee.
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Not worth as in year 2017, but it still worth to join some bounty campaigns in this year. We should know the project campaign first, whether they will pay the hunters or not after the campaign end. Many defi projects seems promising to be participated, just try to search it on the forum.
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Well, who doesn't like quick profit gain ? I think some people interested in cryptocurrency because of that. Soon they will realize crypto is not a quick profit gaining scheme like ponzi or gambling. Cryptocurrency is same as other investment, needs some time for the project to grow as well.
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Well, it can't be helped because currently there are many transactions in DeFi platfrom that using uniswap or usdt. Unless they using the gas fee lower, we cannot using low gas fee because if we using low gas fee, the miner won't give priority to our transaction. Converting to other coin in exchange before withdrawing is the best option i guess.
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Currently, i saw on https://ethgasstation.info/ the gas fee of Ethereum network is 245 for safe low. The gas fee seems keep increasing, meaning there are many transactions on Ethereum network occurring. If you have some eth or eth token in exchange, i suggest you to convert it to other coin before you withdraw it.
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That is very strange, why in the world they change their project into a DeFi one. Not every crypto projects are created to become a DeFi project. The team should focus on what they planned from the beginning.
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The economy in most countries was going down when the pandemic striking, but i think not anymore now. Many business sectors has been opened again, applying the new normal and some health protocols. Plus in cryptocurrency now, there are DeFi projects which i think will rise crypto value in the future.
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Good project won't be affected by the hunters. Even if many hunters sell the token, the token price won't going down too much. The most important thing is how the team manage their project. To protect the value of the token, the team must find a solution how to do it. For example, buyback the token, find some new investors, etc.
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What kind of decentralized is that ? Decentralized coin is not controlled by one company, even the team itself, it need to spread to the community. This is indeed misleading and dangerous because new crypto investor could buying their 'decentralized' project and lose their money later.
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You cannot get very fast transaction confirmation in Ethereum indeed, but why do you need fast confirmation ? I think you can try to make your own token in EOS blockchain, EOS block time is very short, so your transaction will be confirmed just in seconds.
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Why should you ? From my opinion, we better invest our money in Ethereum coin. Or DEFI related projects, because many good and promising projects has been created with DEFI purpose. But if you found a good information that i still don't know about NEO, you can buy it.
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The more people goes into cryptocurrency, the more the cryptocurrency market will going better. DeFi is the accelerator of crypto projects and market, so we may see some bull run on market if many excellent DeFi projects created.
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Investing in your ability is not cheap, for example if you want to learn trading from professional trader, you will need some funds. If you want to learn crypto investing, you will have to pay some cryptocurrency advisers so you can gain the knowledge. But it is better to involving in crypto with knowledge than little or without knowledge at all.
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