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burning coins aims to reduce the supply and of course if viewed normally then the price of coins should increase because the number has decreased forever and cannot be contested, regarding the 0x00000 address you mean that is a dead address or a disposal place for burn coins, so there is nothing have access to it and the value of coins burned depends on how many projects burn coins.
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For the current market situation and support from many investor, then I don't think the price of Dogecoin is overpriced, because all cryptocurrency price increase very high now, so it's only natural that the price of Dogecoin has increase very high as well and I believe the price of Dogecoin can still increase higher than the current price, because many new investor are already interested to investing in Dogecoin too at this time.
We should look at the fundamentals or the development of dogecoin, if we don't see any big reason why the price rises this high, then we should accept that it's overpriced and once a coin is overpriced, a heavy correction is always expected. I'll bet, DOGE will likely drop big time than reaching $1 soon, this is my bold prediction. in how long did you predict it? or before it touched 1 $? I'm not sure because every day someone buys a large number of doges, most recently someone bought $ 1 billion worth of dogecoins and that puts them up to the biggest doge number 3 holder. |
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I recommend BNB for now, because users and the price will continue to rise if the eth fee is still very high, in the near future maybe BNB will reach 1000 $ this is just a matter of time,the rest you can see the top 20 cmc.
or you can try with new project, but it will be more risky so you need consider it before entry.
I also think so and also want to add that projects that are on the bsc network will also increase such as pancake, bake, xvs, sfp, tko, and others. then in the eth network such as link, maker, uniswap, aave, axs, and others will also experience the same increase. |
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Decentralized finance and digital payments are what make crypto even more popular, after the last time it was opposed in 2020 people started to turn around and support crypto. Not only 2 coins that you mentioned but most coins experienced a very high increase.
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still not because airdrops and bounties are still producing now especially this year, the market is in a bull state and all coins have increased including new projects that will be released, so take this opportunity, at least this bull will last until the end of the year so i will still join.
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Poor in what sense, do they look very sad and very difficult to pay for their daily lives or are they poor because they cannot follow the standards of the rich category? I guess everything has levels so if everyone can make ends meet and it's not too difficult to make money I guess that's standard even though they don't have luxury goods or many assets.
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that's the importance of setting your target or strategy, so as not to get caught up in greed or temptation, indeed sometimes we are jealous or sorry to see the coins we have sold go up even higher, at first I even bought back the coins and the price went down, I lost what it should be profit.
from there I learned to apply targets because the market price will always fluctuate.
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as we can see if the price of Binance has risen very high for now and even all the coin that use Binance smart chain have also increased very high and of course gas fees from Binance are very low compared to Ethereum, so there is a possibility that in the future there will be many projects using blockchain from Binance and that is an opportunity for Binance to replace Ethereum (become the king of all altcoin).
so do you agree with me if Binance will be the next Ethereum? or are you thinking of anything else?
if the current conditions will be the same in the future or in the long term there is no change then this possibility will happen, but ETH also acts and reduces gas fees and gwei for transactions so far it feels, where each transaction can fall by up to 70% from usual, maybe this is the effort made before release to the POS in its entirety. |
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Being a trader and an investor you can do both, but to become a trader it will take more time because you have to know market conditions and study them, investors are also not easy because you have to choose projects that must last in the long term so that your investment is not lost, because most of them new projects can disappear in as little as a few months
In essence these 2 things have a risk just how do you minimize it.
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because the users are very many and the network is dense and still uses the proof of work network so it will be difficult before they move to proof of stake, but recently the news said that the eth fee has dropped, and I tried it and it's true I usually spend 20 -30 $ to send tokens, now it's only around 10 $ or less, it is still quite expensive but at least it has decreased
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Do you dare to take risks?
If you are brave, you can buy coins outside of top 100 cmc such as ROSE, ARPA and many other projects.
But if you want to find a stable coin, just buy btc, eth or bnb.
I think he is brave enough to take risks but the questionable thing here is that he doesn't know much about crypto he's still a student so I think it takes time to do his own research, he has to do it so knowing about investing in crypto is not easy, he has a lot of free time so he should be able to set aside time to study crypto |
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you can see the cope and rope of the solana network even though initially most of the supply is distributed to airdrop but I see the prices are holding up and not dropping in the long run they can be a good project please visit the site to see the roadmap of the two tokens.
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Sometimes I wonder why people want to spend money only on pictures that are not very good in my opinion, not mean to offend, hmm but I think they already have too much money and try to spend to buy whatever they want, but there are also some people making it as an investment. And the last thing I saw on Nasdaily was a bitcoin billionaire from India who bought nft worth 69 million $, imagine that money could be made to make new projects or other things, but he said he bought the nft for investment and he is sure the nft market will develop in the future, yes even though he lost the money he still has a lot of money in bitcoin. here the link for the picture, i have seen the video but i forget https://web.facebook.com/nasdaily/photos/a.699921910159964/1952853128200163/ |
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no because I saw there were many types of tokens similar to that and ended up losing, I have tried to buy safe coins that have many types with a total supply of trillions in pancakes and only 1 makes a profit the rest I lose money and the tokens can't be sold, I entry uses only a small amount of 5-10 $ for each project.
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I will only take AVAX as the most innovative coin from your list. Sushi is good but I think that this project is less innovative. Pancake swap is a step ahead than sushiswap.
IOTA is only full with promises and did you remember the smartcontract that already promised by IOTA? it's still in alpha and more than a year already passed.
I won't bet on this one because there's a better project that called sovryn.
I agree with you why you should take sushi whereas there are better known ones like uniswap and pancake swap then choose IOTA, ho ho sovryn sounds good too to invest in  . |
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That's the great thing about BNB. They have quarterly burning until it they reduced their supply into half. I think people will find token that have coin burning rather than none since the price will surely increase along with the major upgrades that they will develop in the future. This is the effective method to increase the price of the token.
I like project that have small supply and with token burning but most of all the project goals must always there.
logically it will be like that but we also have to see from the type of coin, not all coins that burn the price will increase because it is also seen from the quality of the coin whether it has a good vision and mission for the future. |
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Not really or not sure, because I saw quite a decline in recent days, even at the beginning when the market was moving down the assets of the people holding major coins lost more than 30%, so the altseason still doesn't show up if you look at the current market conditions.
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if you buy a doge at that time, the benefits you get are many, maybe more than 5x
so the timing / time to buy is also a determinant for getting profits in a short time
unless you intend to be a long-term investor
for now I suggest btc, eth, bnb only.
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eth updating the network so that fees will be lower, maybe it is done to return or withdraw people who have moved using the bsc network, hopefully the eth network will return to normal and approaching bsc for fee issues.
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