there are quite few altcoins that actually contributes really, one of the most prominent contribute that is ethereum with their revolutionary blockchain that i could think of, I think overall it's just infested with so many meme coin basically shitcoin using animal name, which is kind of ridiculous but they've got their own category in which there are many that invests, i'd say, some of them are truly contributes, but many also just taking advantage.
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So Defi is definitely the future and hence why these chains are being developed. The issue is that they are rushed and have lots of bugs. Even a few days ago Sushi swap had a bug and over $3M was stolen. And it will get worse with these new chains and smart contracts if they are all badly coded and rushed for launched.
there was certain L2 that got some difference in term of smart contract that caused some project couldn't get their money from the fundraising they held and the money of the public was at stake. I think these L2 should take their time in developing their platform instead of rushing, it's just gonna create chaos if turns out their project was causing massive financial loss because they are in rush.
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It can't be denied that the fact that ethereum could helps new project bootstrap their project without the need of deploying their own blockchain is such advantage that make ethereum stands out, and I do agree with the opinion that ethereum could someday surpass bitcoin, the ethereum innovation was indeed very revolutionary, it has created so many things and it's alone could be considered such great achievement.
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according to those commes above it seems it's just some random shit project that already died, there's nothing worse than investing in a shit coin and a dead one at that. it will never revive, doesn't matter how many shills are there. shit coin in general always regenerated, there are many shitcoin coming up every day, the dead shit coin will just stays dead.
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isn't it kinda obvious that if btc really going that low most of altcoin will just gone. many altcoins are actually getting paired with btc in trading platform, it's essential to know the fact that bitcoin really contributes a lot towards the fact that altcoin, majority of them still got value nowadays.
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i believe this fee will just never gets resolved, best course of action is just move on, this fee is indeed ridiculous, but that's it, nothing we can even do, even trying to set custom fee might even incur loss, considering the nature of eth blockchain, if your transaction fail in execution you will lose your gas along the way, it's just ridiculous.
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Is both contract address listed on Coinmarketcap? I wonder if CMC did a cross checking on this one before making it available in the public, this is also why I always ask the developer for the real address details to avoid problems. Be careful, there’s also a lot of fake tokens on many wallet which scammers are sending it to fool the owner of that wallet because if you do transactions with those fake tokens, your wallet will surely be in trouble.
of course the other address which is scam not gonna listed in CMC since listing in CMC also require verification, they've always been carefully selected one by one. but the other smart contract are taking advantage of the resemblance and scams people using something like uniswap.
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always avoid interacting with smart contract that you know nothing about, there has been many attacks that could drain quite literally our assets in metamask through interacting with some random smart contract which is quite harmful, only interact with popular platform like uniswap, pancakeswap and the like and your assets will never drained, good thing metamask have already given some warning in their wallets.
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this doesn't mean its new shiba but it means it's already hitting its peak, i've known the pattern of these meme coin so well that i'd definitely never gonna invest into these meme coin if their price is already this high, it's just not worth it.
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there's still one network not suspended there, I think the answer is rather obvious, if coin is suspended, of course it's gonna need you to withdraw to its native chain, not the alternative chain, even though some can, but in this case it seems binance just don't care about this coin at this point, they don't even care about taking care of its tokenized version.
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ethereum will hardly lose its relevancy in the other hand the so called ethereum killer are always losing their relevancy at the end of the day. ethereum as a platform and as a smart contract based blockchain is already having too much capital, the so called ethereum killer even though have significantly cheaper gas fee required, just stuck and didn't grow.
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even arbitrum isn't having the same or even more capital of their market compared with shib I doubt any meme coin under their blockchain gonna also ever overtake shib in term of value. at best, it's just gonna be yet another meme coin, remember the meme coin that's famous in aptos? this coin will be the same, even the new arb doge coin or whatever.
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if ftx as an exchange platform falls under new management then i'd always try to use their platform but if it's the same management like before then I guess i'd hardly trust this platform even once more. the thing is, their ftt token heavily tanked, even this news doesn't change that fact, i'd definitely not gonna fall for the twice moment.
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Shiba Inu i think is still worth to HODL for a long period of time. We never know what will happen in the bullrun it might pump that we might not expect. Just like what happen in Doge i thought it was just a meme coin but now after several years had past it continues to grow. Just like you I also keep some Shiba Inu in my portfolio and some other altcoins.
for short term i'd think retwice but for short term shiba definitely one of the worst coin you could ever hold honestly, after all it's always based on speculation in which could be turning around easily within months. meme coin in general is always bad for holding even only for 1 year.
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even bank can collapse but the rate of it collapsing compared to you losing your money under your bed is definitely far lower, i'd say bank are in general still the safest option of saving your money, you retain the value and there's also some guarantee from the government themselves that gonna bail them if they are in the brink of collapse, i'd say even best traders out there still save their money in bank generally.
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for the fourth question, it's entirely depends on the fundamental of the altcoin itself if it's got good quality, then holding for long term, which is basically investing, is more better. i'd say, coin could always retain their value for the next century but the thing is sometime they've lost their fame and their value usually decrease overtime. that's the disadvantage with altcoin in general, they can be replaced by newer coins in the future.
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many have said that defi category are highly competitive and I agree, everyone blockchain there gonna have more than five defi nowadays, it's highly competitive and i don't think the old platform will just retain their value like that. even though cake has gotten close with $50 marks judging from its former all time high, I doubt it could ever reach that high ever again.
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considering the fact that many of the alternate blockchain like arbitrum are actually helping ethereum increasing its market capitalization in general, i'd say the competition would have tough time competing against ethereum. even if the like of polygon are trying to implement some additional feature, but ethereum can be said doing it first because many second layer implementing the new technology.
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decentralized exchange could always coexist with centralized ones, each have their own quirk and advantage, favouring one over the other i'd say is not wrong behaviour but honestly if we can have both of them it's fine. there are certainly some of the swap platform that got breached as well as some of exchange that got collapsed, each have their own disadvantage.
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