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I believe that the correction of the cryptocurrency market has begun and most likely a bearish trend has begun, so we need to prepare for the fact that the market will be in a bearish trend for many years and therefore I have already sold many cryptocurrencies and received an excellent profit from this, and of course when the top cryptocurrencies will fall to incredible bottoms I will again invest in various cryptocurrencies, but many people also believe that this year there will still be a growth of the cryptocurrency market, but I still very much hardly believe in this.
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I do not think that cryptocurrencies will ever replace fiat money, since the prices of cryptocurrencies are constantly changing and because of this, cryptocurrencies will not be able to replace fiat money, but I think that in the future more and more countries will legalize cryptocurrencies as cryptocurrency technologies and opportunities become more and more popular every day and all countries understand this, of course, many people want cryptocurrencies to replace fiat, but so far this is impossible.
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So far, there are still a lot of new projects coming out that will develop in the NFT sphere, and therefore we can still say that the NFT sphere is still popular, but until when the NFT sphere will be popular is unknown, therefore, it will soon be very dangerous to invest in NFT projects, since the hype around NFT will soon fall and therefore we need to look for new projects that are not related to NFT and in general I think a new hype is expected already very soon.
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I don't even know, since shib is a meme coin and shib is already trading on top exchanges and it is possible that the price of shib will gradually fall and in the future will not grow at all, since shib is just a meme coin, then investing in such cryptocurrency is always dangerous and therefore I didn't even think about investing in shib, although I saw how the price of shib increased many times and brought a huge profit to investors, but I bypass such cryptocurrencies, so you need to decide by yourself whether to invest in shib or not.
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Quite right, I also know many people who have invested a lot of money in various new cryptocurrencies and lost their money, so I always say that investing in new cryptocurrencies is a huge risk and therefore if you want to invest in new cryptocurrencies, it is better to invest small amounts of money and in general, it is better to invest in top proven cryptocurrencies that have been bringing excellent profits already long time, thats why I investing more in top cryptocurrencies then in new cryptocurrencies.
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In general, in my cryptocurrency wallets there are a lot of different cryptocurrencies, because I participate in a lot of bounty companies and in airdrops, and of course I also invest in various cryptocurrencies and therefore almost every day my cryptocurrency wallet is replenished with new cryptocurrencies and therefore I have a very huge amount of various cryptocurrencies, but most of these cryptocurrencies, of course, most likely will not bring me any profit.
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I didn't even think about that, since I invest in top cryptocurrencies that, without Elon Musk, are constantly growing in price and bring me great profit, of course I would not mind if a person like Elon Musk would advertise in his twitter cryptocurrencies in which I also invest, but it doesn't bother me much and therefore I don't even think about it, but I by myself saw a lot of people which constantly write to Elon Musk so that he would advertise their cryptocurrencies in his twitter.
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Dogecoin already long time is a popular cryptocurrency and therefore a huge amount of money has been constantly invested in this cryptocurrency, but recently Elon Musk constantly started writing about Dogecoin and therefore Dogecoin price began to rise to incredible heights and perhaps Elon Musk by himself invested in Dogecoin, as more and more investors are investing in Dogecoin lately, so I think that in the future, Dogecoin price will rise to new heights.
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Indeed, now there is a huge hype around Meme coins, but I am sure that this hype will end soon as these Meme coins were created only for making money and therefore many Meme coins have already died or are starting to die and people who have invested in these Meme coins are starting lose money and soon fewer and fewer people will invest in Meme coins as the risk of losing money in these Meme coins is growing every day and thats why its better not to invest in Meme coins.
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I sold most of the cryptocurrencies at the peak of the growth of the cryptocurrency market, but I also sold some cryptocurrencies when the correction of the cryptocurrency market began and it was not in vain that I did it, since many of these cryptocurrencies that I sold now have dropped very much in price, and the most important thing is that I got a good profit from the sale of various cryptocurrencies and now I am waiting for the right moment to reinvest in various cryptocurrencies.
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The NFT sphere is still popular and I see every day many new projects that want to develop in the NFT sphere, but I agree that the NFT sphere is becoming less popular every day and the prices of many NFT cryptocurrencies have dropped very much, but this of course is most likely due to correction of the cryptocurrency market, so we need to wait for the next growth of the cryptocurrency market and then it will already be clear how things will be with NFT cryptocurrencies.
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Now there are a lot of ways through which you can invest in cryptocurrencies, it is possible through ICO, but do not forget how many scam projects are conducting ICOs, IDO has also recently become less popular and recently a lot of scam projects are conducting IDOs, so it is better to just invest in top projects and you will not fall for scammers, well, of course, everyone decides by himself how best to invest in cryptocurrencies, but always do not forget about the risks.
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Since more and more cryptocurrency companies create their cryptocurrencies on BSC, thereby promoting BNB, and in general, there has been a lot of news around BNB recently and a lot of large investors have started investing in BNB, so I think when there will be another growth of the cryptocurrency market, then BNB will easily reach the mark of 1k$ and even more, so now we just need to wait for the next pump of the cryptocurrency market which can start anytime.
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Both blockchains are very popular and, in general, these two blockchains are the most popular in the cryptocurrency field after bitcoin blockchain, and of course I like binance smart chain more because of the very fast and low transaction prices, but unfortunately so far the ethereum blockchain is still more popular than bsc, but the time will come when bsc possibly will overtake ethereum blockchain, but I do not think that it will be very soon, so for now these two blockchains are in great demand.
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Top cryptocurrencies that have high-quality technologies and a product that is very successful will not go anywhere from the cryptocurrency market and these cryptocurrencies constantly will evolve, and thus the prices of top cryptocurrencies in the future will constantly grow, but do not forget about the correction of the cryptocurrency market and therefore you should always follow the cryptocurrency market and, of course, investing in top cryptocurrencies always brings profit.
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Yesterday I saw these great news and today I saw that the price of Dogecoin has already increased by 20%, so whoever invested in Dogecoin yesterday was able to get a very good profit today, but the most important thing is that Dogecoin in the future will only grow because recently Dogecoin is advertised everywhere and a lot big investors started investing in Dogecoin, so I think that in the future we will be able to see the Dogecoin price of at least 1$ and even more.
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