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This is market sentiment. This even happens in stock market if you observe it. But it is higher in cryptos as crypto are more closely related to each other sharing popular currencies as BTC and ETH as exchanging pair.
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Well they are copying the Bitcoin Foundation and all of them are not necessarily the specific group for that coin. Bitcoin and Ethereum Foundation do have influential people but they don't represent the whole community and are here mostly for the promotion of coins they hold for their own profit.
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It has been recorded for quite a time when there is a huge depression in crypto price, there is a general increase in dominance of bitcoin.
If you view the price of others coin as well, you can see they've relatively decreased with respect to bitcoin.
And similar is the case for increase. Altcoins increases at a greater rate than bitcoin.
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This can be true and reasonable for most of the countries where electricity is costly. Mining with advanced hardware has became a energy consuming industry and with such scarce of energy in the world, we cannot sustain a number of energy hungry currencies.
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As cryptocurrency enters the subject of discussion in G20 summit, it gets a global attention. Authorities concern about the use of it is legit interest and should be addressed in an effective way. Normal users won't be affected by regulations.
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The amount provided in such airdrop are generally low and are intended for advertising purpose or building up the community. Giving up free money would attract a huge attention to their project and probably bring investors. Here's a good reasoning from the site airdropalert.com Why would blockchain projects give away free tokens?
If you're not paying for the product, you are the product. With doing an airdrop the project creates awareness about their ICO or token. It brings people to the project that otherwise would not have owned or heard about it. It could lead to token price appreciation, since people value a token they own higher than a token they don't own. This is called the endowment effect.
Airdrops create a community/network of people who own the tokens. If you would list the token distribution after an ICO in a pie graph, a large part of the pie is still owned by the Dev's or project. Another large part is owned by people who joined a pre-sale. And a reasonable part is owned by people who invested in the ICO. An airdrop adds an extra slice to the pie and that slice will have the most people in it.
An airdrop also plants a seed. When you look at Coinmarketcap you will see a list of thousand coins. Just on page one you can see 100 coins listed. However if you have or had a coin that name is still in your brain. The seed is planted and whenever you check Coinmarketcap and scroll down, the name of the free e-Coin will jump out and people will check how it is doing. If they see an article that the free e-Token is doing well or bad, they are more likely to click it if they own it or previously have owned it. It's just like advertising!
Looking forward, possible crypto airdrop developments could be projects starting to gift tokens to users who hold tokens in projects that overlap or have some synergy with their own. We could also see projects encouraging other projects to airdrop to their token owners and receiving some benefit in return. Like we already see happening at the Ethereum, Waves, NXT & Komodo platforms. |
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They are just making the claims of More than 1,000,000 transactions per second, with future scalability to 10,000,000 per second but as their blockchain in not released to public yet, it's too early to predict about it and it's price. They have announced a beta product within this month.
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News sites like Coindesk, cointelegraph, websites like cryptocompare and coingecko, popular twitter handles of them, different altcoins are my prime place to get information beside the forum.
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BTC is just a tool and how you use it depends on yourself. If it were not BTC it could have been something else.
Yeah, it have raised the level of anonymity but again we can't ignore it's positive side.
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Big budget are generally good ideas. Great ideas if were not funded properly and driven systematically can be useless.
So, they are like low risk low gain and high risk high gain projects.
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Never invest in anything that starts telling you what price their own token will be in the future. That's a rule of mine and I'm going to stick to it.
These tactics are just used to target uninformed investors who are lured in by the promise of great returns. Instead build a great product and let that do the talking and the price will follow.
But how many Trading Exchange platform + Token (ICO) have failed? I don't think I know any name. So, it is in a way very SAFE bet. My actual thing was completely sure that this is a WORTHY investment, but I wanted to know whether it could actually match up or cross Binance. So, I am clear on ONE PONT, but I just liked to know views of experience head how far it could go. There are quite a lot failed exchanges that has gone through ICO, some haven't started their service for years while some have the platform but no users. Exchange sector has gone through tough competition and only that evolves with time are going to stay. |
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Delisting is done in two cases.
1. Dead coin. Wallet not being synced.
2. Low volume. Not meeting the volume defined by the exchange.
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Though there are relations like buying bitcoin for buying and altcoin and sentimental moves on the market, there are no clear answer to it.
ETH is the favorite coin for ICO. You can now directly buy altcoins from fiat in many parts of the world and ETC and BCH are gaining as base currency.
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Coinbase listing is an old rumor. The recent rise may probably be related to partnership ripple is making. If it goes as it, coinbase listing would not be a wonder anytime soon.
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It's a paid article. But cointelegraph being a reputed name in crypto world should at least filter what they are advertising. It's clearly a cheap approach to scam novice investors. Litecoin cash a ERC20 token a scam. |
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I'd rather call it the market maturation. Something that rises or falls x10 within a month can neither be considered a safe investment nor a payment option.
Cryptocurrency in last few years have increased in the form of a ponzi.
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Of the coins I met and traded above 100+ coins are already dead. Mostly due to dead nodes and no exchange.
With the diversification of a use of blockchain and coin, mineable coin whose price depends entirely on speculation are bound to be dead leaving just a few.
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This would make it harder for the indian population to exchange to and from fiat. Ultimately leading to being traded in black market.
Indian government have failed to embrace a technology moving leaps backwards.
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