That's the whole point of this "decentralized" (lol) platform, where one address provides 90% of the vote. I used to believe in this project, but now Solana is only repulsive. Still beta, constant blockchain glitches, questionable voting, lack of decentralization, just another big project to collect money from crypto commoners.
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I don't know, now is not the best time to launch Play-to-Earn projects, simply because the hype for these projects has long ended, and the industry is going through liquidity crisis and this liquidity, first of all, leaves exactly such tokens (play-to-earn, NFT, Meraverse, etc.). There is uncertainty in the market right now and so it is not known how long the crypto-winter will last, so investing in such now is a huge risk.
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The point is that when the fall really ends and the recovery begins, many will start to buy above the lows. It is every investor's pipe dream to buy at the bottom right before the market turns, and in fact, without insights, 99.99% of investors will never buy at the bottom. So it is stupid to try to wait for the absolute bottom to buy, it is better to pick up promising projects step by step. And to argue that you should not buy now, because it can fall even deeper, you can forever.
By the way, that is exactly the reasoning of those who did not buy anything at the time of the covid crash in 2020, thinking that this is not the end and will fall further, in the end they were all deceived and the market began to grow without them. So if it's a utilitarian project, buy in stages rather than trying to buy everything in one go at the lowest possible price.
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And why not? Those projects that present the same smart contract platforms as Ethereum are also growing and developing well, which is not the case for projects that present something completely new. In cryptocurrency, what matters is reach and the ability to attract as much of the community as possible, even in already established solutions. And new technologies sometimes do not have integration with major projects or have narrow opportunities for use, so big money does not flow there, and as a result, it turns out that the project is innovative, but no one needs it.
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The site loads for me, but, when trying to find the text of the post the site takes a while trying to find something and then a search error appears. I don't know what happened. Maybe while repairing the VPS (as TryNinja reported here) the repairmen damaged something.
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...I wonder if EUROC will be fully backed by real EURO, or as usual, some in fiat and the rest in securities? Then it will be another stablecoin, which sooner or later will lose its connection to the EURO.
Given the fact that USDC is fully backed by the dollar, it can be assumed that EUROC will also be fully backed by EUR, since they have the same issuer. The time-tested mechanism of USDC functioning does not require additional innovations, which will be transferred to the new EUROC stablecoin. I would argue about the claim that the USDC is fully backed by the dollar. Since the last audit, this claim has been questioned and even Circle itself has amended its website to say: Each USDC is backed by one dollar or asset with equivalent fair value, which is held in accounts with US regulated financial institutions. In essence, they are writing that each of their tokens is backed not only by a dollar, but also by an asset of equivalent value. By this you can mean various securities, bonds, etc. Actually, I read somewhere that USDC has no more than 60% real fiat collateral, the rest is all in securities.
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Another meme-coin with a scary number of zeros after the decimal point. If such projects grow, it is only during periods of general market euphoria, when liquidity flows into everything. In bearish periods, as well as in periods of recovery, investing in such projects is of little interest to anyone because the project does not carry any utilitarian value, just another pump&dump project which can pumping, if some Influencer takes it on and starts to PR it. Without that no one needs such projects.
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Another potential scam. There is no website, no social networks, no information, just a smart contract and a telegram group. Hundreds, if not thousands, of such smart contracts appear online every day, and they are all worthless and no one needs them. What are the creators counting on when they choose this form of presentation of their project?
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None. All these are not ways to make money, but a waste of time. Uniswap airdrop is rather an exception to the rule, there are very few such airdrop and they are not for everyone. If we talk about making money on cryptocurrencies, these are sales on lunchpads or testnets. But only those testnets, which have to involve real money, only they can give something in the future, all these free testnetes, where you just perform tasks, out of 100 can give something maximum 1-2, so this is also a waste of time. Almost always any action in cryptocurrency, where there is no initial investment, it is difficult to call earnings, rather just a waste of time and pampering.
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Great, SHIB is almost at the bottom, the price is almost back to last year's low values, which was before the rise. If the number of whales grows and wallets increase, then nothing prevents them now to play this combination again. Buy some cheap coins, then steamroll that token and give it away to hamsters at inflated prices, and so on until they get bored. The scheme is proven and very well proven among shitcoins
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For some reason the site has stopped working. Is it just me or is there anyone else who doesn't have it working?
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А модераторам раздела писать не пробовали? В альтернативных криптовалютах можете создать свой топик. P.S. Ну вы и нашли где спрашивать Не удивительно, что ваш пост удалили.
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There's a lot of talk about this airdrop, but it never happens, even though it was announced last year. I don't expect anything significant from this retro drop, it won't be airdrop of dydx or Uniswap level, because it's too popular wallet and there are a lot of users. And bots can also, as usual, ruin the whole airdrop execution, as has often happened. Most likely, airdrop will not happen before the crypto market recovers.
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Anyone else noticing that while BTC drops $2K and Ethereum below $1K Doge refuses to budge below 5 cents.
Anyone have an opinion on why Doge is holding it's price when all other cryptos are falling off the cliff.
Because this shitcoin has already lost most of its value. There is not much liquidity left in this project, so there is nothing to fall there, everyone who wanted to sell, has already sold long ago, there is a large number of hamsters who have bought coins for 20-60 cents and can not sell at 5 cents, because it would be tantamount to just throwing them away. And such majority in this project. You cite BTC and ETH, but BTC and ETH lost 70% and 76% of their value, respectively. DOGE lost more than 91% of its value.
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Shiba Inu Could Reach $5 By 2050, Predicts Analytics Firm -snip- What is your comment after reading this article Somebody is really bad at math. The circulating supply of Shiba Inu is 589,390,791,616,214 coins. The capitalization of the project, at $0.00000825 is $4,875,136,198. Multiply $5 by 589,390,791,616,214 coins (589 trillion 390 billion 791 million 616,198) and we get that the capitalization of the project should be ~$2.6 trilliard. Considering that the volume of all the world's investment money is about $47 trillion dollars, you can calculate the chance of seeing a Shiba Inu coin at $5 by yourself.
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whether vulnerabilities to exploits in DeFi make investor funds insecure? if you have investment in DeFi token please give your opinion!!
DeFi had and still has the same problems. Anonymity of developers, lack of identification when token is listed on DEX, a lot of vulnerabilities in smart contracts, even in projects with passed audit, and also the possibility of rug pull, when liquidity disappears from some liquidity pool and so-called exit-scam occurs. Even André Cronje, the developer of DeFi projects, says that this industry needs to be regulated, otherwise these problems hindering development will remain and people will perceive DeFi as a high-risk business without regulation.
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I's a potentially bleak outlook, but if the 200 Week MA is reclaimed (currently $22.4K), then I believe it will confirm a bottom for many, and therefore price would be unlikely to fall lower than $17.5K again. It seems that the market is finally exhausted, having reached the bottom, and now the reversal will begin, well, at least I would like to think so. I look at the charts, it seems in that area, about $ 17,500, in 2020 there was a small consolidation, just before the start of a massive growth, which began to define the new ATH. Maybe this new bitcoin support, we will see in the next couple of days how the price will behave around these values.
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This is no indicator at all, the top 20 has never been a constant.
People needs to hear this a lot more, this is not something that can be emphasized more. I mean people see top 10 coins, and think that all those top 10 coins will be awesome in the future. Go back to 2014 and check the top 10 and see how many are here today, go back to 2015,16,17,18,19 even 20 and 21, because there are some changes even from that recently. Top 10 changes, let alone top 20 which changes even quicker. So people need to realize that there is no guarantee that you will make a profit if you invest into something at the top. Sure btc, eth and bnb looks solid, but all others are build on quicksand if you ask me. Currently in the top 10: - 3 stablecoins (usdt, usdc, busd);
- Solana, which is still in beta stage and frequently stops the blockchain;
- Ripple, which has not updated its ATH in almost 5 years and is constantly hounded by the SEC.
Half of the top 10, in terms of investing, are not suitable at all.
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Is million token volume is accurate? I see Million token price today is 2$ and the marketcap is 2M and trading volume of 17k in the last 24 hours. The usual Pump&Dump project. In all the time of its existence it grew only 4 days, the rest of the time it goes down. Not sure it will ever get back to its ATH. The capitalization of the project says nothing, it may be inflated numbers. The low trading volume suggests that no one wants to speculate in this coin, because of its unattractiveness and extremely low demand. Demand for this token will depend on its usage, if this has no good volume for the past months then I think many see this one as a useless project and with the bear market, this token might find a hard time rising again. I won’t invest on this kind of project especially now with bear market, it is still better to trust the top coins to be more safe. This is an altcoin, the demand may be due to frequent mentions in crypto communities. Remember Shiba Inu pump, was there a lot of usage in this meme token? A lot depends on whales here, if they have interest in pumping this token, it will grow in the future, if whales have long since unloaded, then this project can be added to the group of forgotten or abandoned.
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I have always asked myself why we don't have any popular or well-known "crypto coins" that are pegged to the Euro, Pound, Yen etc
Probably because the dollar in cryptocurrency is the most common, and the local currency is not used as much in the crypto industry, but I think that with the development of the crypto industry and crypto adoption this could be changed. I wonder how the Euro stablecoin and the digital euro (CBDC) will coexist. Hopefully, this will not serve as a reason to restrict the use of euro stablecoin by the euro union and the central bank.
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