Latest posts of: MadeMen

Quote from: midaslordes on April 18, 2021, 01:36:01 AM

Even we have seen that dogecoin reaches its new all time high at .45$ mark, I dont think that it can reach that 1 dollar mark knowing that the circulating supply of it so enormous and infinitely many.

I was thinking same about the circulating supply, until it dawn on me that the cryptocurrency market is huge. Several persons see dogecoin as a joke because it lacks a real use case, but we need to understand that the market is bullish and decentralized meaning that the price could be pumped irrespective of whether the coin is useful or not. If dogecoin could get to 0.45 in less than a day, it could exceed $1 before you know it.

Desk the fact that there was a recent burn, the value of bnb has not experienced any substantial increase, I believe it's because the Market is quite saturated and there needs to be a pull back. Bnb has been on a steady increase and there's no doubt that the market correction may come soon.

Panicking could happen to anyone in this space because there isn't certainty in the market movement. Its possible to do your research and the market goes a different route. I feel the best is to avoid buying when a coin is pumping because you really can't tell when the market correction will come and that could lead to the fear of the unknown.

Some of the projects I consider undervalued which could be a good source of investment and cool for long term hold is Neo, tron, verge, dgt, and cadono. I believe that these coins still have the potential to increase substantially and as such could be profitable to hold especially in this period of bull run.

Polkadot has been on a steady increase and the project seems to be promising but I personally don't see the project supercede ethereum. I understand that most persons are fed up with the increasing transaction fees on the ethereum blockchain and that explains why blockchain such as the polkadot could suffice.

The cryptocurrency market has been pumping massively and several cryptocurrency has given holders a substantial increase in value. Dogecoin happens to be among the most pumped coin and its quite amazing because most persons didn't see it coming. Its refreshing to see that the coin most people saw as a joke has become a blue chip..

There are several altcoin in the cryptocurrency space and several of them could serve as a good source of investment. I personally hold a handful of altcoin and I must confess that it has been a smooth ride especially since we're presently in the bull run. It's always best to make your research before investing in altcoin.

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It's a known fact that dogecoin got its pump due to the support derived by Elon musk, its pumping merely because of the influence of a wealthy personality. I personally don't see the pump getting to $1, not just because it lacks utility, but because the circulating capital is quite high and the coin market capitalisation would be in trillions to accommodate such increase.

In my opinion, bounty hunting isn't a good source of income in the cryptocurrency industry. I personally can't remember making anything from bounties this year as I barely participated and even the few I joined wasn't successful. The hunters end up working for so long and have nothing to show for it.