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I would not say that the altcoin season is underway, since most of the altcoins have been growing in price throughout 2020, and so far, at the beginning of 2021, I see only a slight altcoins correction and bitcoin correction, so, of course, it's not worth talking about the altcoin season still going on, but it is possible that after the correction of the entire cryptocurrency market, altcoins will start to rise again, thats why we need to wait a little bit.
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I saw some cryptocurrency projects conduct IDOs, but for some reason there are very few such projects, and so here it’s all right to say that IDO has no future, but cryptocurrency projects that conduct IEOs are more and more and therefore I don’t think that soon IEO will die, and cryptocurrency exchanges that conduct IEO make a lot of money on this, and I think these exchanges by themselves will support IEOs as much as possible.
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Most likely, my favorite altcoin is Ethereum, because I most often invest from altcoins in Ethereum and Ethereum brought me the most profit in the cryptocurrency sphere, but unfortunately, what has been going on with transactions on Ethereum blockhain for a long time, I am very confused and because of this I already try to use Ethereum services much less, but I hope Ethereum developers will fix this maybe in future...
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Ethereum, of course, is constantly gaining momentum and we all of course know that the technologies and capabilities of Ethereum are incredible and are constantly very popular, but the fact is that most of the big players prefer to invest in bitcoin, and therefore it is too early to think that Ethereum will be able to overtake Bitcoin, but in the future, of course, everything is possible and a lot depends on from the big players.
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At the moment, there is a correction of the cryptocurrency market and it is better to wait until the correction will be over and then it will be possible to safely invest in various cryptocurrencies, and at the moment I would recommend you a new interesting project called Poolz. Many people have already heard about this project and you can by yourself explore all the possibilities and technologies of this project in order to understand whether you should invest in it or not, but I have already gone through this process and I invested in this project.
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So far, I see that a lot of big players are still investing and are ready to invest in Ripple, and this is of course very good, because this suggests that the big players want that everything to be fine with Ripple and so far it is hard to guess something about Ripple future, so we need to wait for the SEC decision about Ripple and then we will can think about what will happen to Ripple in the future, so for now we just need to wait and watch.
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At the moment, it is obvious that Polkadot technologies and capabilities are becoming as popular as Ethereum technologies and capabilities, so I think that now these two altcoins will compete very strongly with each other and therefore both altcoins will develop even faster, but I do not think that Polkadot can overtake Ethereum at the moment, but in the future everything is certainly possible, so we need to wait a while for Polkadot to gain momentum.
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Now, of course, it is logical that Ripple is losing its position due to problems with the SEC, and when all these proceedings will be over and if the SEC will no longer fight with Ripple, then Ripple maybe will take its place back again, but as for Polkadot, here of course you can see that Polkadot capabilities and technologies are very high-quality and also popular, and therefore Polkadot is developing so quickly and growing so quickly, so most likely Polkadot will now compete with other top 10 cryptocurrencies for a long time.
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Unfortunately, it is very easy for scammers to create fraudulent projects and deceive people, and unfortunately, scammers will always be in the cryptocurrency field, and therefore you should always study every cryptocurrency project fully in which you want to invest and try to invest best in cryptocurrency projects that conduct IEOs on the top exchanges like binance and then you will not notice scam projects.
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You should search on this forum for various airdrops in which you can get various cryptocurrencies, there are also many telegram channels where various airdrops are published and most likely it will be easier for you to participate in airdrops from your telegram, also in the Internet there are many different websites devoted to airdrops and these websites you can easily find when you will check google search.
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There are many interesting altcoins for investment and at the moment I would advise you to pay attention to Poolz, since it is a very interesting and high-quality project and I also have invested in Poolz and I have already received a huge profit from this and also soon Poolz project will launch Staking and it will be possible to make money on this, and new updates from the Poolz developers are expected soon, so the project is very interesting and you can earn money in it.
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Unfortunately this happens very often and it is very difficult to solve this problem, of course, if all bounty hunters who participated in this bounty company will get together and if you will start acting together, then of course it will be possible to achieve some result, but unfortunately there is nothing to do one by one, and there were already a lot of such bounty companies like base protocol, and the most annoying thing is that there will be still a lot of such bounty companies in the future.
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It is was clear that the moment should have come when the price of Ethereum would have started to rise again and this moment has come and at the moment Ethereum has almost reached the mark of 1.3k$ and I think that this year 2021 will be even better for cryptocurrencies and especially for altcoins, and of course, we are waiting for new news and new updates about Ethereum 2.0 to know on what we can count from Ethereum this year and in the near future, so we need to wait a bit.
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From the new defi projects, I would advise you to pay attention to poolz, dego, yieldbank, since I also have invested in these projects and these projects are very interesting, and from the old top projects, I would recommend you Litecoin or Monero.
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The capabilities and technologies of Polkadot are incredible and I am sure that now the Ethereum developers have seen a competitor in Polkadot and I would like Polkadot to overtake Ethereum as soon as possible, if this is of course possible, because the Ethereum developers have become very lazy.
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Ethereum, for example, has almost reached its ATH and I think a little more and Ethereum will definitely reach its ATH soon, but as for other top altcoins, I also think that many top altcoins will soon reach their ATHs, so I think another altcoins pump will be in this 2021.
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I also saw that a lot of many old cryptocurrency projects switched to defi and of course the main reason was to catch the hype, but this helped many top projects reach new heights and for some projects it was a good choice, but unfortunately most projects want to get more money due to the hype around the defi sphere.
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