Solana is a new promising altcoin that surpassed dogecoin to be ranked up to seventh place on CMC. And based on its price last August 15 2021 it is only 44$ and now its current price is 157$ based on that super Sonic price movement from 44$ to 157$ for just one months, I think Solana is good for short term investment, what would be your insights about this guys. Good for long term or short term investment?
Sol is up 400% in a month, too risky if we buy Sol at this time. Solana is growing very fast, and we should not get caught up in the wave of FOMO. Long-term, I still believe that the sol ecosystem will continue to grow with many indicators reaching new heights. |
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After hitting an ATH of $196, SOL made a correction which is currently trading at $150. The drop in price could be due to investors starting to take profits and to the Sol network shutting down due to overtrading. But I believe SOL will continue to develop in the coming time. Solana ecosystem has welcomed hundreds of projects in different fields to join and is still growing. Solana growth will put pressure on Ethereum and Binance Smart Chain in the near term. I predict by the end of December SOL will reach 300$.
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Hi everyone. I am planing to invest 30 000usd. The money will NOT be devided, the whole amount will be invested in just one coin/token
So which one should i choose, any 10x coin for the future?
Thanks for your advices.
You want to find a coin to invest and want to increase it 10 times in the future. So how long can you hold?. Case 1: from 3 years to 5 years you can invest ETH. Mnay people are saying that ETH is undervalued and ETH can hit $35k/1ETH in the future. Case 2: you want 10x in a few months or a year time, you can find yourself some hype shitcoins. Whether you can make 10x profit or lose it all depends on your ability to research and choose your project. |
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Everyone's predictions about the market are not the same, no one dares to say when the bull market will end when the bear market has begun. The money is yours, you decide. If I were you, I'd sell some when I hit my target and the rest I keep holding for my next objectives.
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I also often use CMC to look up market information. But since CZ bought CMC, I feel that it's not completely transparent anymore. There have been several interventions to benefit binance. I recently switched to CoinGecko not comparable to CMC but I think it will be fairer. Research and gather information from a variety of sources. That's the best way for us to have the most accurate view.
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>>> Go ahead, what is your favorite wallet and why?
After my Web wallet was hacked, I started using the Trust Wallet mobile wallet. I liked it, and the storage and exchange of coins and tokens. Tools are always at hand. You can carry out operations at any time. Trust wallet is probably the best mobile wallet I’ve ever used. Being able to stake or convert coins right in the wallet is a pretty huge feature. I also like Electrum for the desktop. It’s got a lot of great features without needing much in the way of hardware or setup time. as far as I know, Trust Wallet is not open-source. That's the only deal-breaker i see. If I remember correctly, Trustwallet was acquired by binance in 2018 and they announced trustwallet is an open source project. and I feel secure when using it because this is a product acquired and developed by the team of binance, the world's largest exchange today. |
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That is a difficult question, for sure bitcoin will hit 100k$ but when will no one be able to answer. Maybe the end of this year or the end of next year...Overall, the bull market is running and we should expect bitcoin to hit a new all-time high in December. I hope with the explosion of the NFT game trend, will take the market to new heights and bitcoin will hit ATH before the end of 2021.
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why I don't see anyone using twitter?. Besides bitcointalk, CMC, or telegram groups, twitter is my favourite place to search market news and project information, get the most up-to-date market information.
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And another coin that needs to be mentioned here is the Binance Coin (BNB). The Binance Smart Chain is also growing in popularity and in the near future it can pose a great deal of challenge to Ethereum.
With high transaction fees in recent times, ETH shows that it has lost its appeal compared to other competitors. Especially BNB, BNB is increasing rapidly day by day, threatening the throne of ETH. The ETH developers are still in their slumber and are doing hardly anything to make their platform better than ADA/BNB.
I believe ETH developers are still working hard. The ETH 2.0 update in early 2022 will help ETH regain its position. ETH is still the king of altcoins. |
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sure this is LTC, BTC and ethereum and not the other coins
With a long-term investment plan from 5 years to -10 years, Bitcoin and Ethereum are the 2 best options, one is the king of crypto, the other is the king of altcoins. But LTC is not a good idea, LTC is one of the oldest coins and in general it is not upgraded and updated often. it is quite old and outdated compared to the recent emerging altcoins. if it were me, I would choose BNB over LTC. |
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Emotions play a very important role. I have seen a lot of traders who are good at analyzing markets, trends and predicting coins with amazing accuracy. but emotions, greed is something they can't control, which leads to losses.
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With the strong growth of Defi and NFT, bsc is still attracting a lot of projects and investors. 1k$ is an easy target for BNB, I think we don't need to wait 3 years or 5 years. BNB will hit $1000 next year if the bull market is sustainable.
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I don't see shit coins that can be benefits in crypto world maybe the behind of shit coins are, you know the scammers. Shit coins are not really good investment that's why it called "shit coin" because of pump and dump scheme, some are just memes with no project behind it and some are just created to scam people. So don't invest in shit coins, better to research the project first before to invest the coin.
Most shitcoins are made for scams, but shitcoins are clearly part of the market. The hype generated by shitcoins helping the crypto market has attracted a lot of interest and new capital inflows. Shitcoins can make us all lose but sometimes they bring wealth to some people if they are at the forefront of new trends. I think the total supply has no effect on the quality of the coin/token, let's learn from Doge, with a total of 130 billion, but still very valuable in the crypto world and the market, it all depends on the developers how they manage the market strategy so that the demand for tokens/ coins can be stable or increasing, unfortunately they don't study harder than what the doge team has earned, so that they can follow in the doge's footsteps.
Agree!. Can't look at the total supply to judge if it is shitcoin or will become top coin. The potential of a coin/token is based on the development, effort of the development team behind coin. |
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You shouldn't make such comparisons. both have different uses, different total supplies...and if the price of ETH exceeds BTC, then ETHcannot compares BTC. BTC was the pioneer and paved the way for the cryptocurrency market it is today. The crypto market is as strong as it is today thanks to bitcoin. without bitcoin we would not see any altcoins.
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My portfolio in addition to bitcoin, eth, bnb , tron is also great choice. I like it because the fee is very cheap and fast. I believe trx will grow and become more popular. I will sell trx when he reaches 1$.
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BTC a few months ago was in the $28k $-30k $ resistance area now BTC is up to $47k and still in the strong resistance area my guess the next price BTC goes up will be $50k, and By the end of this year BTC will go back to $60k or maybe more.
If bitcoin holds around the 47k$ resistance area we will see btc hit $50k soon probably in September, I guess. This steady growth continues, I believe bitcoin to be back to $60k by year-end. But there will be a few minor corrections before rallying back to 60k$ ATH. |
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if the USA bans crypto, especially bitcoin, I think we will see a very drastic price change for bitcoin. although I feel that it will not push the bitcoin price to zero, but I think if the USA starts banning crypto, then other countries might follow suit. Well, I hope that doesn't happen.
I don't think other countries will follow the US if they banned cryptocurrency... currently, each country already has control over their country so that other countries are difficult to influence. when trump became president he had several times expressed opposition to cryptocurrencies but had little effect. I think the opposite. If the US bans bitcoin, many countries will follow, like they did with Huawei. Because all other countries don't want to be enemies of US.That's almost the end of crypto. President Trump's tenure. He has replied to the journalist several times that he has no sympathy for bitcoin but he does not want to ban bitcoin. But that's definitely never going to happen, US is a crypto-friendly country. |
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You are the one who is following the project very closely. Is the project going according to the roadmap?. As you say according to what you said the team is still developing the project and updating daily then you should give them more time. Don't panic, stand your ground. maybe whales are deliberately creating hype to take profits and buy them at lower prices.
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BUSD or USDT both function as a stablecoin for trading crypto, reduces the risk of volatility. USDT is the first and oldest stablecoin approved for trading on all exchanges. I personally prefer using USDT, maybe a habit.
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No need to speculate, I believe bitcoin will reach 100k$. But not this year it is possible but very difficult ,what you need to do is buy bitcoin when you can and hold them for as long as possible. Be patient and don't panic when the bitcoin price fluctuates in the short term.
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