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I am a bounty hunter, and as a bounty hunter, I've met many interesting projects along the way. By doing my task as a bounty hunter, I was "forced" to understand the project and it's a really big advantage for me. I can learn to differentiate the good and bad ones (although it's not always 100% right lol) and I can invest based on my own research. The first thing that should fill my criteria is that they paid the hunters. By this, I can see their good intention and I can trust my money to them. Like always, most people who are engaged in the crypto world said "It's not financial advise" I should say it too. I think I can mention a couple of interesting projects but you need to do your own research.
1. Ecowatt.
They claimed that their project is the first blockchain project backed by physical green power assets at a rate of 1 token backed by a minimum of 1-watt power. The team members actively engaging with some government officials of some countries to seek partnership with them. I can't explain too much here, you can directly search for their info.
2. OMNI - People Driven
OMNI is a mega social media app, aiming to give back the power to us, people. OMNI intent to give us the freedom to monetize our own content and gaining their tokens. They're airdropping celebrities' NFT collection now for the holders and those who reserve usernames in their platform. The beta version will be released in Q4.
Once again, always do your own research and take decisions based on your research, not because of other people.
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whatever it is in the crypto world, I think there's none that really perfect and there's always a gap whether in the security, the team members, the partner, or whatever it is. That's why cryptocurrencies are called the riskiest investment by some experts. It's really volatile and it's still new moreover DeFi. Cryptocurrencies are still in the beginning, there is still so much space to develop and grow. People are learning by doing and of course, fixing the mistakes here and there along the way. However, I still believe that one day in the future we'll see cryptocurrencies at their finest, massive adopted, and solid.
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I believe the reason why the gas fee is high first is because of the high price of the ETH itself, especially in the bull run period. We feel it's high because the price in dollars is indeed high. Second, many DeFi projects based on ETH affecting the scalability and the network. More people using the ETH chain means more crowded the network, and the miners will choose the transaction with higher fees first. It makes the network become clogged. It becomes an unsolvable issue and it makes the fees higher.
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It's always important to do our own research and grow along with it for us to gain profit in the crypto world. As my experience engages with cryptocurrencies, the crypto world is harsh. People could do anything to gain money here and we need to be more extra careful. As your title mentioned, we can't do trade using instinct, well it depends. IMHO, while knowledge is a must in the crypto sphere, we need to use our instinct too. But, we can't depend on our emotions merely to decide our moves. It's difficult to explain but we need all of our resources to be able to gain profits in crypto. More experiences you have, you'll learn the tricks.
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It's probably more suitable to mention that your explanation referred to the digital arts, no?. NFTs that only have an intrinsic value and so difficult to set the price (because it depends on people's personal appraisal). Unlike some NFTs in-game that are valuable because they have utility and are being used in their circumstances, digital arts are the same as art pieces in real life. It's valuable as decoration without further utility, it has value because people think it's valuable. Not all people are interested in the arts, but most people are interested in money (that's why ICO was more popular).
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IMHO, all these cryptocurrencies are volatile and risky. However, new projects are more speculative than the old top altcoins on coinmarketcap. Although we can't close our eyes that new projects can give us much more profits sometimes, it is also riskier. Not only newbies who got rekt, but the experienced one also can face the same experience. It's sometimes unpredictable cause the more people learn to avoid those scammers, the smarter the scammers get. But as you said, to minimize the chances to get rekt, to keep learning is important. Meanwhile, you can invest in more stable and known projects while doing the research.
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