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this coin will get massive correction at the first second it got listed and usually will go back up again showing its true worth, I think accumulating this coin will be good idea, moreover L2 is always popular anyways,so many L2 gaining fame just because they are L2, expecting more L2 to come in the future but surely arbitrum will also gain success just like optimism.
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I once tried staking stable coins on Binance. but it didn't work out because it turned out that the profits that were obtained in that period were not worthy. Maybe because I have only a few stable coins so the results are very small too. So I prefer to keep it in the form of Bitcoin for long term preparation, at least to get profits in the bullish period later. This sounds more profitable. Because at the time of staking, we can no longer mess with these stable coins.
true, staking stablecoins require tremendous capital if we want it to be worth it, at least we need minimal of more than thousands dollars just to get some measly returns and it definitely requires longer period too, i'd say it's just better investing instead, stablecoin isn't gonna make someone rich through staking, it's just a way to combat inflation like everyone has stated. |
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To say that the BNB coin has no future is not true, since it is the exchange coin of the largest Binance exchange and the native Binance Smart Chain token. Accordingly, this coin has more chances to survive in a bear market and continue the uptrend when a bull run occurs and it would be nice to hold, wait for the right time to sell it.
it's not that it doesn't have future but rumours regarding BUSD and the fact that binance has been converting their assets from that coin to bitcoin might somehow be detrimental towards the future of BNB since many considers them under the same companies, but i'm sure BNB will leave unscathed even in the really bad correction. |
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if you're hesitant then I think you should refrain, it is indeed that defi platform with stablecoin seems like bad combination honestly, even stablecoin coming from big exchange doesn't guarantee anything since there has been many cases of collapsing, i'd say just invest in something that you think is good enough, you're the one to make your own decision, slight doubtfulness definitely could be worth making further analyzation towards the platform.
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just don't expect too much from meme coin right now the trendy thing is the L2 solution like optimism they are the ones that hogs all the investments coming in to the cryptocurrency, meme coin are right now being considered the least for investments mainly because it's not that good anymore, no more new investment meaning it just gonna be stagnant, moreover people are already smart enough to know that it's basically have no utilities, the prospect and future aren't there with meme coins at this moment right now.
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considering many platforms have apy lower than current inflation it's just waste of time, either try to go big with altcoins that could give you massive return of investments or nothing at all, unless you want to combat inflation i'd say staking stablecoin in general still a waste of time. it's even better just investing small amount of your money in some newer altcoins that looks like gem maybe eventually they will become massive.
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wisest decision simply switching over to L2 solution, i'd say many developers that care enough about the well being of their token and their holders would care enough to implement their token in second layer solution blockchain which means significantly lower fee and is also faster, i'm sure if you investing in some famous coin you gonna easily find their alternative token in other blockchains.
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meme coin generally already have its trend over, you could be investing in some of the famous meme coin but you're already losing the chance of flipping your money.
most meme coins that are famous already gaining massive increase in value I doubt it will go even further. I think you should invest in coin with real utility, since right now they are the one that keeps gaining more and more value increase meanwhile it seems meme coin just left behind even in this recent value hike.
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certainly majority of altcoins gonna turns zero, bitcoin drops to 10$ is basically a doomsday it's easy to say that the whole market is done for, many that invested are turning bankrupt and it will start crisis i think, but one most important thing is that majority of altcoins are just gonna outright lost their value because many are panicking and massive selling gonna be occurring and at such event, altcoins usually gonna become the first target of massive selling.
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I think at the time of bearish, airdrops could quite literally be one way of accumulating some coins that could maybe have the potential of making it big once trend is changing.
coins like aptos that is from airdrops are quite worth it enough for long term holding, surely airdrops like that would appear again eventually though the chance might be slim.
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it was good time to accumulate BNB until binance has decided to convert all their current reserves in BUSD to bitcoin, it's like binance isn't trying to make the same mistake like the other certain platform that uses their own coin for reserves, maybe it's BNB next that binance gonna convert their reserve of into bitcoin, and if that truly occured i'm sure the value gonna plummets but then again that just speculation.
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there's always chance but you see right now even bitcoin is recovering, the market capitalization of these altcoin in general still far off from bitcoin even bitcoin dominance speaks volume.
I'd say altcoins will always behind bitcoin but I guess in the future things might change, after all if project that needs utilization from smart contract thrive, surely they will also increase the valuation for these smart contract based coins in general.
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it highly depends in the quality of the project itself, aptos could succeed partly because the devs was already known to the masses to be quite reliable honestly.
moreover their project are that of good quality, they having massive airdrops really works well with their marketing and their coin could still retain their high value mainly because many knows that regardless of the correction after massive airdrops distribution this coin gonna still valued high enough and gonna recover eventually.
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well I guess for the sake of our investments it's just better converting from stablecoin to btc and ethereum even though if these stablecoin are collapsing it might be highly harmful towards cryptocurrency market in general.
imagine stablecoin collapsing one by one it's gonna be disastrous hopefully that's not gonna be happening but of course prevention is needed for all of us here right now.
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it doesn't seem like coin that have real utilities and gonna have place whatsoever, I don't think investing in that coin will yield good results.
try finding projects that are supported by big investment firm and venture capital so that you can be sure you're investing in the right place, after all investing in random projects might get you losing your money.
apparently, there has been many projects that have unique concept but fail miserably because they're not that practical.
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I couldnt understand how these AI generated NFT are gonna be worth any dollars, quite literally everyone could just generate an art from AI and create NFT of it manually, doesn't need to mint through programs made by binance.
I guess it might be the fact that it's somehow related with binance that could give some value to the NFT itself, but I still think that these AI generated NFT are somehow useless and looks like waste of money.
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it honestly seems that many are over hyping AI whatsoever, the truth is these AI based coins aren't really gaining that much attention from the general masses. many of them didn't have practical use either.
they just trying to exists using the name of AI and hoping that would be sufficient in making their coin seems worthy enough of the investments which I don't think is true.
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I heard back in the past shiba created many platform so that it was not labeled gimmicky somehow but it seems their platform was a massive failure since I've never heard about it anymore.
I think its price will just stuck, and If you think you can somehow make some good profit out of it then forget it, you'll just become an exit liquidity for the ones that's already waiting for your entry.
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remember that this meme coin is basically just zero sum game, if you wanna make this coin somehow reach the valuation of more than $100 billions then you should find yet another public figures to shill for it, elon has lost its influence at least it's not as strong as his first appearance in cryptocurrency investments, so I guess it needs the adoption of massive company so that it could grow in value but the question is, would these big companies that usually make research first willing to invest into some coin that is created for fun.
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