Investing and trading cryptocurrencies is very risky, especially if you do not know the basic knowledge of what crypto is. Not only for beginners sometimes expert traders also always experience the risk of losing in trading. So we should be willing to learn in this cryptocurrency. Learning a new project to invest in is essential so as not to get stuck and lose the money to be invested.
All investments in coins will have a different level of risk so it is wise to choose a coin that is worth investing in, especially for new coins it is better to only trade for short-term profits because the risk of new altcoins can decrease drastically and will not increase again because the coins are still low volume. In my opinion, it's better to invest into a new altcoins that is already having hype like NFT. Right now NFT like games and art is becoming popular because of NFT hype so a project that's based on NFT will likely become a better investment than the other and usually it has high volume so it will not lose its value easily. Therefore a project that already has hype like NFT can be invested for not only short term but also long term since many of projects that are NFT having good price increase. |
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Yes, seeing how increasing the ERC20 gas fee is, it may be due to the increasing transaction because the bullish market is probably heading.
And about the increasing gas on BNB or BSC network, it seems very normal. If the network is being busier and busier, many more people using that network, the transactions will be many more. It will influence the process of transferring.
That is why there will be some increasing gas fees. Fortunately, the gas of the BSC network is still low, not as high as ERC20
BSC gas is still very cheap compared to ETH for token in my opinion. I personally think it's because the investors in BSC are increasing and starting to prefer this platform compared to ETH. But, because the fee in BSC is also increasing compared to the fee that usually needed, in my opinion many people started to think if BSC gonna follow ETH in term of fee and become as expensive which I don't think will be happening to BSC because the fee can go down again anytime. |
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Currently I am still using the BSC platform to exchange even though the BNB price is rising high but the fees given are still very cheap compared to fees on ethereum but if we observe that the gas on the BSC is increasing, maybe it is caused by the large amount of transaction traffic that occurs or indeed because the price of BNB is increasing I don't know for sure.
In my opinion it's because of both user is increasing and the price of BNB is also going up, but it's still very cheap compared to ETH. However, maybe BSC fees can grow in the future and it become more expensive compared to other platform like Matic and that could become a problem because people use BSC to avoid ETH expensive fees but if the fee is cheaper in other platform, BSC can have other competition. |
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it will be very difficult to determine which altcoins have the opportunity to go high, because we cannot monitor all new coins at the same time, but my advice is to focus on monitoring the hype altcoins, for example for now NFT-based altcoins
It's a simple advice but very right, although every altcoins has a chance to go high but coins that are hype will have higher chance to go high compared to coins that isn't hype and at the moment the hype coins are NFT-based altcoins. The price of NFT-based altcoins always showing really good price increase and it can rise very high compared to last year because it's hype and having high trading volume. |
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Many new projects comes but most of them are risky although they offers massive APR to draw attention of the investors and many go away after raising money.
This is why it's important to choose the best project for staking. Massive APR can be used for marketing and to draw attention of the investors but it can also become gimmick. However if we stake in a reliable platform and stake for the best project available, it prevent us from losing and give expected rewards. Only choose a project that's already popular for staking like AXS or also PYR since they already have markets in my opinion, therefore it has really small chance of making us losing our staking. |
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I find the current meme not as engaging and interesting as before, perhaps the excessive hype from Doge/Elon has caused the trend to go down and NFT instead. Most of the NFT coins have been rising recently, some NFTgames are dominating the altcoin market with impressive growth such as VNLa, Sand, YGG, Alice, AXS
The hype is replaced by NFT hype. Currently people are attracted to NFT games because of the play to earn model like what's implemented to Axie and many other NFT games. They find it more profitable than meme coin or simply because playing game is more fun. NFT game also have its game presented as a entertainment so it will not get boring fast and NFT games seemed able to last longer than meme coin. Newer NFT games that appearing also offer different concept compared to older NFT games. |
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Investing with low price conditions can only be obtained when a dump occurs, but no one knows when it will occur, we can only look at market conditions and predict whether a dump will occur in the near future or not, this makes it difficult to plan long-term investments.
The crypto market condition can change drastically in short time, it's similar like to other investment and it's also sometimes hard to predict whether the market is will go up or instead go down. But technical analysis is said to help read the market condition and what will happen next based on the price and market condition. However, a market dump can happen anytime and technical analysis is not always accurate, that's why it's difficult to plan long term investment but it's still possible just like other investment. |
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I think staking coins good idea,coz staking is The good way to get profit for long term holding. We can get more profit from staking. Staking is definitely profile for passive income. Staking is good Being attractive, choose good coin/ token and trusted platform and go on.
Staking is suitable best for long term holding because while waiting for the price to increase it can help earning other tokens. But, if the staking lock the tokens, it will hold the token while price movement happening and that can cause lose therefore staking coins that's stable and not have too much movement is recommended. Right now land from game with NFT also allow staking, it seems it become popular because many people also wanting to buy NFT game land. |
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some token staking sometimes does airdrop by getting new tokens or NFT.
this is very profitable. I also do some staking like ApeSwap and Sovryn.
NFT staking can be profitable, but NFT staking like NFT games will require us to buy land in the game to be able to stake but the reward for staking they offer for just owning land in game looks good although the land can be rare or expensive. But for the people who are lucky to be able to buy land in early stage of the game and get really cheap land they can make good profit by staking using their own NFT game land. |
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I am agree with your opinion that Ethereum still the best platform, but i can not resist the BSC was doing well too, BSC perfected the system from Ethereum which sometimes the transaction fees are too high. I hope the latest update from Ethereum platform, can reduce the transaction fees that sometimes soar.
BSC can stay cheap even when it's really crowded but ETH fee can go up suddenly and even in the normal condition ETH fee is still many times more expensive than other coin like BSC and when ETH becoming really crowded the fee can become too high and seems abnormal. In my opinion in the future ETH can reduce the transaction fee but maybe it's will take a long time for that to be realized, ETH will have expensive fee maybe for months in the future. |
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As long as you choose the great project, staking is a good option to avoid you from selling it because panic.
Also, stake will enable you to earn some passive income, with the power of compounding you can be amazed with the result.
Staking is good for passive income as you said, but it depends on the project. However, staking BNB also usually can give good profit because usually there is a new project that offer their token for BNB holder to stake their BNB and give them free token, but it can also give a big reward or the token will have really small price, like recently NFT games token that become popular, some of them give reward for staking and offer free NFT token for playing games. |
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I'm done with meme coin, totally lost in meme coin. ever since memecoin became popular, i was very interested in buying memecoin in big amount, and what happened? when the meme coin was dumped by the whales so I lost 75% in my portfolio.
Meme coin can have drastic price change within a day and that's why anyone should avoid it because it's too speculative and usually there are too many total supply and each meme coin compared to another meme coin usually have very little difference.In my opinion NFT token is better than meme coin and it's not too fluctuative, it's also used for playing games that use NFT most of the time. |
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In fact, many investors have also invested in this Shib coin and expect the Shib coin will rise higher than the price at the time of release
on the exchange. But it turns out that the expectation is only in vain, because the Shib coin is down and could not return to that price
when it was first released on the exchange. We can expect it to go up, but not for $1 soon. Shib up to 0.001 I've been happy because I
also hold the Shib coin. It looks like Shib coin holders should be patient for significant price increases.
The trend of meme coin is already gone, if doge having difficulty reaching $1 then it will be more difficult for SHIB to reach that price.Meanwhile SHIB is just like other meme coin and the price rise earlier was purely because of hype because people thought it's going to have the same price as doge or become the next doge but people who buy SHIB early also will dump this coin since they buy it at really low price and most of them probably hold so much coins thats why this coin will probably never reach $1. |
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Now I suggest if you want to invest, choose coins that have potential like ethereum coins and BNB coins. If you choose these two coins, you can use them in the near future or you can keep them as assets in the long term.
Recently cardano has replaced BNB as coin with 3rd biggest market cap quite frequently although the position is always changing but this also means that cardano has the same potential as BNB or maybe even better so it's ETH, BNB, and ADA that maybe can become quite promising in the future in term of price and maybe good for long term. But BNB recently has always seem very stagnant but BNB also keep burning its coin so maybe it can get higher price in the future as well. |
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Many altcoins isn't following market trend anymore like many of NFT tokens that are rising in the middle of really bad market trend and it's already altcoin season for NFT tokens that are game based which are rising so many times compared to the the previous year price because these coins can create hype for their own games making their tokens to have more and more demand that can actually causes the price to go high even though the market is considered in bearish.
So, whether there's prediction of an altcoin season or not a token can have bullish market if it can successfully make its token have more worth.
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The name is stablecoin, yes the value is $ 1 because it was the initial concept of stablecoins, where their value will be the same as the value of fiat currencies in general, but for the most choices, I'm sure more people choose USDT than BUSD, with their own reasons or considerations each according to their needs.
Most of people choose to use USDT because it's accepted in more platforms and have higher volume but BUSD or USDT is all the same it's just with BUSD the platform that accept it is a lot more limited but both of them are really stablecoin because from the price chart it's always stay at around $1 and even there is small fluctuation it's not as big as other altcoins. In my opinion, both are fine. |
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Now fee is decreasing day by days. At this time fee is only 32 Gwei almost 2$-3$. Bsc and polygon network is competitive to Eth and Eth will reduce more fee otherwise Eth can lose faith. London fork was part of up gradation and much needed more parts soon
The fee in my opinion is not decreasing day by day but it's changing a lot and it's quite expensive. That's why many people still prefer BSC instead of ETH or now even Matic that's a lot cheaper compared to ETH. Maybe people will mostly just stay in BSC because it's the same thing and BSC is more consistent compared to ETH and now even Matic is doing the same. |
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It's normal when we seeing decrease because we are already seeing green over the month this is very good step before we facing another bull run and thats very healthy for the market. I'm even more afraid if the price continues to rise without correction.
Sometime the price spike can come even without a correction but usually when the bull run is almost ended the price will decrease sharply but in my opinion correction like this that happened after price spike can help to keep the price from going down drastically. But it's also depend on the market whether it is a dip or a dump, sometimes price move very suddenly and become unpredictable even if the price looks like only a correction. |
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To me what i see in most cases is that some people don't like investing while the price is very low i they don't believe on the project but after seeing the increase and pumping of the market they got triggered and wanting to invest quickly by then is already late and it may occur and lead to market dumping.
When the the price is still low people feel more difficult to think that their investment will grow from it because it feels like investing in a new coin with higher chance of failure and think that maybe the project will not become success in the future since most of projects will not easily become successful. But when a coin is pumping everyone think the coin will have promising future because it's pumping that means it's slowly become popular and prove itself to be worthy and maybe it's not too late for another pump but it's already pumping and most of people will be too late. |
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there is high gas fees if you can pay but also be mindful
The high gas fees only happened in ethereum, in BSC it's pretty cheap and if you use exchange to stake maybe some stablecoins it has really low fees and maybe the stablecoins also can be used in BSC.That's why if you think the fee is pretty high you should avoid using ethereum. But staking stablecoins give low APR because its doesn't have the risk of fluctuation and also many people are staking stablecoins. |
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