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I have the same kind of questions on NFTs and though I must admit that all the surrounding excitement and hypes around it can sometimes be so enticing. Who would not be attracted to making money by selling pictures of rocks or those punks? Honestly, even if you are now the legal owner of a picture of a rock...what will it do to you aside from the opportunity to soon or in the future sell it a hundred fold? Right now, it is so easy to mint NFTs but of course there is no guarantee that you can sell them easily not unless of course you happen to be a famous star or a celebrity of some sort. Now, will NFT have a good, bright and lucrative future? The answer can be yes but there comes a time when the industry will consolidate and buyers will really be looking for real value so that when the smoke clears only those genuinely valuable can survive...how the market will define value can be an exciting to watch.
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Ethereum.
Do not forget that after the last upgrade that has happened to it, transactions made over the ethereum network and with erc20 tokens, they're burning a part of eth on the fee.
It's a developing update and it's looking good upon understanding that it has a long term effect.
Am also aware of how the last ethereum London hard forks was ment to solve the issues of high fees and this problem have continued ethereum network still continue to get more congests daily. But with a percentage burn of the fees the total supply will get reduced and price increase on the long run. Ethereum devs are having a hard time solving the gas fee crisis affecting the network and this has already been a big burdensome with its many users all over the world paying $100 for a single transaction. Anybody can be making a curse with that situation so let's see if all of their current and future updates can finally put a plug with this heavy leakage. yes, despite with all of these things, Ethereum remains to be a very attractive investment proposition and nothing has yet been able to kick it from market leadership. Now, aside from Ethereum, if one is looking for a new project with a lot of potential, then maybe one can look for the details of Aurora. |
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In recent days, I have seen some advertisements and promotions for Aurora...and I thought to myself that maybe there is something good with it aside from the fact that I love the name it is using as it reminds me that famous Northern lights a famous tourist attraction in some countries near the north pole. Anyway, people are expecting that Aurora can be the dawn of the new age called as Eth 2.0 and if they can fully function as such meeting the many expectations of the market then certainly it would have a bight and solid future ahead. This can be one project that one should support even if he can be afraid of the risks involved.
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Most probably, P2E will fail just like ICOs back in 2017. Thoughts?  I have the same feeling with all of this avalanche of many games using the P2E model. As of now, many are already falling in terms of coin prices and many have become a victim of their own circumstances. CryptoBlades is not anymore that profitable and many are leaving the game...am not so sure but I think the team behind is launching an extended gaming platform trying to get back to where it was months ago. The same is happening with the darling of P2E called as Axie Infinity though am crediting the dev team for doing all they can to balance things off. I "invested" money with PvU together with a friend and until now I failed to recoup the money I poured into it. Bad decision on my part. |
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I consider CRO to be one of the cryptocurrency trading platforms that are good in marketing. I can see it almost everywhere advertising its stuff...and I realize that it mist have a good amount of money reserved for letting people know its brand. And recently a big surprise happened when it secured a very big deal with the Staples Arena changing its name to that of CRO under a seven-digit deal that can be the envy of its peers. Certainly, all of these things can push the price of CRO upwards but I really doubt if it can go beyond the $1 mark.
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The best thing to do is never send to your wallet any Ethereum or Ethereum-supported coin because that can certainly incur a high gas fees even amounting to more than $100 at times - a big shame for the cryptocurrency industry actually. Calling Vitalik Buterin please speed up things as we can't bear this foolishness anymore. Since you are dealing with an exchange use it to convert your asset into maybe XRP or TRX where fees can be so low. Now, the problem is when you would prefer to convert your assets into Ethereum because you are planning to hold them...the best solution is to let them stay for a while in the exchange until the Buterin team can fix the gas problem - of course this is a generally not safe option.
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Blockchain gaming is long haul, indeed in bear advertise I accept that diversions like axie interminability and others will proceed to do well since numerous individuals are making a living off blockchain recreations as we talk, the selection rate will never halt.
How long the blockchain gaming can exist totally depends on its tokenomic mechanism. I think that if you're taking an example about axie and then you should have read this article. https://medium.com/@BillGains/the-hidden-danger-to-the-axie-economy-that-nobody-is-talking-about-5e1bf4b43ebbThat will give you a good knowledge if axie didn't have a proper tokenomic mechanism for the long term and i do agree with already written by the author if axie can't sustain for long term with its mechanism. I like how the author was explaining it all so well on his article. The problem is PTE needs its tokenomic to be fully balanced. I meant the burn and minted token should be 50:50 to make it able to sustain for long term. There are not lots of people who have been talking about this and they are only talking about the short term speculation for axie. people are only thinking about how to grind more and more from play to earn without thinking about how long it can exist. I am so aware of the main weakness with the P2E model and in my estimate Axie Infinity is now heavily feeling the pinches it is encountering with the continuous minting or production of the SLP token the market is going down and is not anymore returning to its ATH. This is going to be true with many other games. Just recently a friend of mine started with CryptoBlades and PvU...and with these two game he was not able to recoup the money he initially invested...their tokens are almost worth nothing at this time and people are starting to leave when they are not happy not getting good financial return of what they are doing. Axie is a good candidate of being able to balance the whole thing...but let's see. |
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Just like any coin or token that still has to make a good traction on the market, investing on it can be at your own risks. And that means you have to constantly monitor it unlike with established digital assets that you can hold and just forget for a foreseeable amount of time. However, the rewards can be high here just like the risks. Who knows, time can tell Fandom to be a good investment that can return a hundred fold later. Good luck on your endeavor.
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Fantom is dropping these days. It seems that it is dropping to zero soon. Many people think that fantom is done. Fantom is dropping to zero soon. Do you agree?
Disagree. Some Chinese whales probably dumped after the October conference and took profits. Smart money is buying right now. Personally, I'm farming on Tarot and I also have some funds on Ref Finance on NEAR protocol. Both chains are going to do well. Really? But why fantom is dropping these days. Some people claims that fantom is going to zero without fud. Please don't base your decision on what other people can be saying especially if those people can be just like you and me who are not really experts on trading and cryptocurrencies. I consider FTM to be a good investment and soon it's potential can be showing off then its price can be back for good and even more. In the crypto market, it is quite normal for a coin or token to be experiencing big dips...in fact when a good coin is making a dip then that is the best time to get in because you are getting the asset a lot cheaper. Anyway, if you think that FTM is going to be zero then getting out can be the best option. |
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FTM has a big potential to be a big, solid and lucrative platform just like SOL and ADA. However, we should note that the journey to the top is always littered with many challenges, myriad of ups and downs especially on the coin price. We have to look at fundamentals of this project and see its future based on what we know and can analyze with. I can personally feel that FTM is bound for greater things and I am actually sad that I let go of this coin months ago when it was not moving and even got into a big dip. That was a big mistake on my part.
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