in my opinion ,i will say yes there is still hope for digital currency. it might face a tough time right now but like every other new innovation , it will succeed with time. blockchain technology and cryptocurrency are still too young to give up on.
i think one of thee reasons ICOs are preferring Ethereum to other blockchain has to do with the high level of scalablility of Ethereum blockchain. it is flexible and for some of the developers who may want to create their own Dapp its easier with Ethereum blockchin .
Also, most of them are following other projects, some do not even have a clear vision of what the want. if you check most of their so called whitepapers, you will notice that its almost same story over and again . Now the one invoke is Exchange project , all in a bid to scam gullible investors.
i think the common mistake people make including me is to speculate that we are going to buy a lambo from holding one coin. we should avoid being greedy and try to take profit when necessary. from my experience most times the price of the coin doesn't even get as high as the previous price we would have sold.
crypto is a new technology just about 10 or 11 years old so in my opinion its still young . the dip has offered alot of people opportunity to hold some valuable coins/tokens at a very low rate. these set of people are bound to make some profits whenever the prices of crypto goes high again which is very possible in the nearest future. we have to hold on to this technology as we hall reap if we do not faint.
This is rather difficult although not impossible in my opinion. most times even when the team claim to meet soft cap and hard cab they still exit scam at last. Although you may consider checking out for the team's activeness on social media, the white paper and find out if what the have there is feasible. Also, check the use case of their token try to check if they are following their road map.
Although some of them write all sorts of convincing plans on their white paper yet still exit scam at last . But a thorough research might help a bit.
one cannot actually predict cryptocurrency market. so far, a lot of people who carry out fundamental and technical analysis have failed. that is because crypto market is too volatile to obey their analysis.
the problem is that crypto market can be easily manipulated by "whales" therefore one cannot really predict the market right now. if you are investing in crypto have in your mind that you are taking a risk, its a win win case. a times you gain from your investment a times you may also lose your funds.
above all do your research about any project you are about investing in and at least have some good reasons for investing in such projects.
i think the choice of wallet depends on the coin/token you are holding . for ERC20 tokens, i prefer Imtoken or trust wallet . both of them are more secured than myetherwallet.
my mew was hacked twice jut becaus i clicked a phishing link and inputted my pk. but the good thing about Imtoken and Trust is that you do not need to login every time using your private key so the tendency of being hacked through phishing is very minimal.