even the coin that's among the highest ranked could just lose their value in the blink of an eye, this has occured twice and I don't think everyone will have the same faith to these highest ranked coins like before since it could literally make you broke in just short moments, I'd say diversification of the investments is the only thing that could save your investments in this tough times, after all with diversification, if one of the coin is crashing there are still many coins left that could potentially go up in value.
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seeing the current condition of cryptocurrencies in general basically having two crashes within short amount of time, bullish run is the last thing that's definitely gonna come. if you already make some accumulation, best course of action is definitely just to wait it out until the circumstances changes in term of the current trend, maybe the next bullrun could come in 2024 and that's like already good enough if the bullrun really comes.
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if the value has been decreasing that significantly then surely it will have higher chance of making recovery, even though it might not be a full blown recovery that you might think it is, maybe it will never reach the ath ever again since it's 90% value decrease that's basically too much. the thing with decentraland is that it's metaverse and we still don't know the future of metaverse since it seems at this current moment metaverse seems losing more and more market shares.
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I think it's definitely normal for eth to lose its value in the middle of bearish like this after all it was such tough situation after the crash of ftt token that caused so many coins which has actually already losing its value in the previous luna crash, losing even more value, eth is the same like other coins and it isn't that independent against btc honestly. Surely once the trend is getting better after all these crashes, eth will recover rather easily.
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this was all part of the current trend, even before the crashing of ftt token is happening I think it's already projected that eventually bitcoin will reach its most all time low and then after that it gonna climb back again. even the forecasting of the future btc value was even saying that it could go as low as sub $8K that is definitely worse than the current value. I think if everyone that already accumulated for long term must be prepared for this kind of scenario where their coin gets even lower.
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surely it will get prolonged even further basically it could be the longest ones considering so many things that affects it including the recent incident of 3rd biggest exchange crashing down and economic crisis, I think eventually we gonna see the bullrun but then again it maybe gonna come in 2024. Even though that sounds like a bad news if we could make some accumulation for long term holding it could gives so much return eventually. Moreover, honestly bullish run could comes quite literally at every moment so I think even if there's so many things affecting the value of many coins in general, they could still make some recovery even in the middle of the current trend, basically making their own moment of bullish.
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I think the sponsorship will have no relation whatsoever with the fact of whether it will make their coin increase or not since it's just an effort of building their reputation and branding, honestly this company is already sponsoring so many sports already but there's no significant impact from my 2 cents, regardless though such effort in marketing is still a good effort, at least they are now known around worldwide, even though still, I don't think that it gonna make significant impact towards their coins in general.
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the previous winners of the markets at the bullrun are definitely the ones that accumulates around current trend, but the thing is, there aren't every coin that could survive the current trend, some of them might just vanish into thin air since they are coins with no utilities whatsoever, so doing diligent analysis in regards of investments in rather wise, there are indeed so many coins getting heavily discounted in terms of valuation, but it didn't means that most of them are gonna be gaining easy recovery once bullrun comes in, some might stuck, and mostly it's these shitcoins and meme coins that could hardly increase in value.
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it seems after twitter goes private the platform revenue from ads are significantly decreased this is the reason elon is pushing the subscription features in his platform instead of relying with the advertisements, after all he has spend so much money in acquiring this company and it seems pushing the subscription is the most logical way in recovering his money slowly but sure, but I doubt elon could make recovery in his money just in a year, it will definitely took him few years in recovering his money back again.
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with the ftt crash that affects solana greatly, it could simply implicated that solana could never replaces eth in the long run, let alone solana, even bnb with binance as a giant company backing it still could hardly surpass eth, so I definitely doubt that solana could pull it off and become the next eth. If there's coin out there that could become the next eth I'd say it's matic since it's like having the same characteristics with eth and it's already starting to grow in term of market valuation. solana in the other hand, still got hold back by the bad news revolving around the coin itself.
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never really invested in this coin if there's better coin out there with significantly more utility like bnb, even though there are rumours that bnb definitely gonna suffer the same thing like ftt token but it seems that could hardly comes true considering I'm sure the professionals behind the platform already thought of these things over and over after this has occurred to ftt token surely they aren't going to suffer the same fate and they gonna anticipate it, after all investing in smart contract coin seems significantly better ideas.
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I think the future of this token is already sealed, it's definitely just gonna vanish and gets delisted or maybe it's just gonna become the next luna, after all it's a coin that's backed by the exchanges behind it but when the exchange itself is becoming bankrupt then there's no utility for this coin meaning it's becoming useless coin, it's unlike smart contract coin like eth and even matic, it's just coin that represents the exchange itself basically if the exchange itself is bankrupted surely the coin will.
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the thing with shiba inu is that it isn't really the same with doge coin whereas doge coin is being supported by elon where every elon decision in acquisition of platforms like twitter even though these aren't actually have relation to each other, meanwhile shiba inu is doge coin that trying to innovates, basically creating smart contract platform and some other innovations in effort in pushing further their valuation, therefore if doge could rise doesn't necessarily means shiba inu gonna have the same thing.
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you just could never be sure whether your coin/money is gonna be safe or not since it's all depends in the platform itself but always ready for the worst, since the platform itself is already in such bad state, there's big chance that the coin will just lost its value, it will quite likely lost 95% of its value in the future even if you can get back your coin, moreover binance refuses to help this platform in the very recent news so I guess there's no future for this platform.
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It's always individuals that lost their hard earned investment money at the end of the day, indeed BNB definitely have the chance of repeating the same mistake all over again since it's just the same thing, I guess considering that there isn't all coin that got affected by the recent event of ftt crash I think it's safe to say that diversifying investment is definitely a good choice, right now it's better to invest in coin like matic and eth where it's just smart contract coin that grow naturally.
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I honestly don't think it's gonna become the second luna after all it has shown some signs of recovery and moreover it has real platform backing this coin like and added with the fact that there are many famous figures like the owners of binance trying to make some acquisition towards this platform, I think it will just eventually recover back again. Even though it has losing more than 70% of its value at some moment it still doesn't mean that this coin gonna become second luna, there are so many things that caused luna to be in this current state like the fact that the luna devs was making some silly decision in regards of recovery.
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agreed with this one, the decrease in value for most of the coins in general wasn't really caused by the economic crisis but by these battle of the famous cryptocurrency figures, the slow increase in value for building its path to the bullrun was wasted so easily because some big cryptocurrency platform is making move against other project, it just seems like right now the cryptocurrency is really weak against such thing and the FUDs coming from the famous figure really meaningful and could have such significant impact in cryptocurrency, too much newbies that are investing in cryptocurrency are easily getting triggered by the fuds.
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this coin future looking very grim honestly, and it seems it's really going into that direction basically becoming the next luna will which unfortunately gonna affect the whole market and make the bullrun still far from coming. I really wish that they wouldn't become the next luna but then again it has lost so much of its value that I think recovery is already beyond it. I just wish that it will have minimal impact towards the market so that the other could still get spared in term of valuation and didn't further losing its value.
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Elon is the first one that I have thought of. But if this is going to be the new trend in the competition of exchange then I'd be scared to see a monopoly on it. Since CZ started it out, it's possible that the other bigger enterprises and exchanges would do the same thing in terms of business availability and expansion.
I guess elon gonna hardly take ownership of these kind of exchanges, I think even though he's very rich but he definitely has the criteria of the business they he definitely wanna owns, and it's like twitter where there's so many potential left yet isn't being taken advantage of by the platform, then elon comes in and acquiring it with the vision of using that potential to its utmost, I don't think this is the case with binance.
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well in bull market the people could just throw their money by investing into some random investments and still could make some returns at the end of the day, that's why it's called bullrun, but in this current trend, it's harder to make some real returns because most coins are just losing value instead of increasing, therefore coin that could give returns are relatively very few.
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