Looks like most of NFT/METAVERSE related cryptocurrencies these days are pumping, even shitcoin or useless, lol.
What currently I am afraid of these days is the bubbler on NFT/METAVERSE, since there are still some of the cryptocurrencies that are already public-traded but still, no project or use cases or product at all that users will be able to use or any utility of their token.
With decentralized exchanges, any team can add liquidity pool and open trading for their tokens. So things now are different than when we did not have DEX. Exchange listing on CEX in the past is kind of thing to consider that project spends money to list their coins and can be considered as a plus for non scam. It is not true. They listed their coins and made scam exit. With DEX, it is easier. But yeah most of them are in the plan or in their roadmap, that's why I am careful now investing in these NFT/METAVERSE-related projects. Staratlas is only familiar among the list for me as I was able to join before on their poster sale which included some in-game items and I have already some shipped there. I am just worried because they are still no product or their game is still not avaialble at all up to this date.
Main issues of NFT/Metaverse is they are not developing in the Metaverse phase. Metaverse is something in their roadmap only. For now, they are just NFT games. Next issue is their tokenomic are unsustainable and if they can not adjust or resolve their tokenomic issues, their reward pools will be drained out before the Metaverse phase. Additionally, to play Metaverse games, the requirement for gamers is expensive maybe and I don't know how many Play-to-Earn gamers will become Metaverse gamers |
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If you check it on the project's website, it is certain that what is written there is only good stuff so that everyone can be very interesting to follow it while things that are still lacking for the project will not be written down immediately because if it is written, then investors will definitely will not approach the project.
Get audit certificates from big blockchain security audit companies is good and makes a project looks more trusted at least in term of security. However security and quality of a project are different. Quality of a project comes from the original idea that contributes on how a project will be built up. A good idea, a good project can be compromised and we can not find any perfect company and product that have never been compromised in history. Google, Microsoft, Apple all have some types of compromise on their platforms, apps. Anyway because they are good and have strong resources, they fix issues quickly and keep moving on. |
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Because of bans, fake news, regulations whatever reasons, the trading volume of crypto on Peer to peer marketplace in India is increasing too much. Usefultulips chart shows it. The 2021 Global crypto adoption index report shows that India is one of the most actively nation in Asia particularly and in the world generally. Overally, I don't see any nation will go to ban Bitcoin. They want regulation, yes. They want tax, yes. but they won't ban Bitcoin. |
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Avalanche looks to have good technology and its price has good growth that is support for its advanced technology. It means the community and investors realized the potential growth of AVAX from its great tech.
Price of AVAX can have pull back to $60 to $70 then it might make a new all time high. Personally price is not good to make your entry now. AVAX might move similar to Solana with a deep pull back before it rallies and breaks out for a new all time high.
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Project needs to have core concept, idea from which it is developed. Then technology is next component to implement concept and idea to real product.
However it can not grow well without community. In my opinion, projects need to have all: core concept, ideas; good technology, good products; big community and good marketing strategy.
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For the past few months, there is already a lot of competitors for Chainlink is a decentralized oracle network, especially on different chain networks.
But I do believe chainlink will still grow especially it will support multiple networks.
Multiple chains are very good specification of Chainlink that will help the project to get more acceptance by other projects and communities. Multiple chain, cross-chain will be one of hot trends and will be one of things people consider for their investment or deployment of their projects. The best thing to do on Chainlink is to use a higher timeframe and zoom out. I don't see any bear sign for Chainlink. More sideways are still expected for me on Chainlink. Nothing to worry.
$20 is the strong support for Chainlink.
The Chainlink is on the rally and with altcoin season it will climb up to about $50 at least. I am positive with the altcoin season and the rally for Chainlink. Your analytical insight is nice. |
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El Salvador are doing first steps to bring Bitcoin to more nations and have more bonds with governments. In the near future I think small countries will have more interests and real activities to follow El Salvador.
The next stage is the responses from traditional agencies and foundations. It will be another important phase because it will be a boost or a barrier for further growth of Bitcoin legally. I don't think this phase will be finished too easily but let see.
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Certik is one of the most trusted audit firms on the blockchain. In general, investors check whether there is an audit on new coins and invest accordingly. In my opinion, I think it would be better if several audit companies audited the projects instead of a single audit company.
Besides Certik, another security blockchain audit company is Techrate.org. what do you think, are companies like certik enough on their own?
I mentioned about that audit from Certik or any other company is only evidence that smart contract is peer-reviewed and can be safely. We can not know it is totally safe. We only know it with time and real operation of a smart contract. Smart contract safety is first and important but the quality of a project depends on core ideas from which it was born and not related to the smart contract safety. So smart contract audit is not enough. Look more at White paper. |
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Certik is very famous in blockchain industry especially in security. Here is the description on their LinkedinCertiK is a pioneer in blockchain security, utilizing best-in-class AI technology to secure and monitor blockchain protocols and smart contracts
Most of projects nowadays are run on smart contracts and if smart contract is hacked, that is terrible for not only project but for all investors. Therefore investors will look at security audit from company like Certik to assess projects before they do investment. It is about security only, not about quality or potential to grow of a project. |
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A decentralized exchange with owners and core members are well known by the community, governments are never truly decentralized.
With regulations and law enforcement from governments, they can be shut down any time. We never know what government will do with crypto exchanges.
I meant a decentralized exchange only really decentralized if it is decentralized technically and their team members are anonymous like satoshi.
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axie doesn't run on ETH but on Ronin which is another chain there are no fees there now and fees will be really small when they implement the new system in a couple months you can read more about it here: 👾 The Great Migration- Ronin Phase 2 is live!The migration to Ronin is very well strategy of Axie Infinity because they can not totally rely on Ethereum and Vitalik for their products. Axie Infinity grows too fast and it has huge marketcap after the institutional investment from A16Z. That is a huge boost for Axie and they have to do something to become more independently to Ethereum network. Ronin is still on ETH network but its fee is cheap and opens for more growth, bridges, migration, etc. https://a16z.com/2021/10/05/investing-in-axie-infinity/ |
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Of course, the only way governments worldwide will be able to control 51% of Bitcoin's hashrate is if they unanimously agree on using Bitcoin is a "One World Currency". This may all sound crazy, but we cannot ignore it from happening in the future.
They can if Chinese government, example takes over all the hashrate from miners in China. I don't think it will happen. They can not do such thing in dark ways and don't let the world know about that. They will slap on their faces by doing this. However I don't feel surprise if governments in nations that are sanctioned like Iran, North Korea have run Bitcoin mining farms. They have nuclear power and the Internet. What they need is ASICs and here they go with Bitcoin mining. What you ask is not impossible but I don't think it will happen in near future. Moreover, if it happens, we might see reaction from the community. Governments are always behind the community with creative idea. |
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Play to Earn games on Ethereum network can fail because the network requires too expensive transaction fee. Nowadays, projects can deployed and bridged to other blockchains in order to give users cheaper transaction fees.
Play to Earn, the name says it. Gamers can not spend $10 for a click when they play and even don't know they will win or lose after the click. Transaction fee on ETH network is painful for gamers.
I don't think Play to Earn will fail all. Some of them will keep existing on the market and growing more. Like Axie Infinity but they deploy their Ronin to resolve the expensive transaction fee issue.
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Price is decided by the market. It can be decided by supply and demand but can be changed by manipulation, news, big transaction from old address.
Generally, a single transaction can not change or affect the market too much. But if it is a big one or comes from satoshi address, and is shilled on the news, social media, the effects can be very huge.
So it depends on what type is a transaction. Without its quantitative value, its origin, we can not guess about its effect.
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Unfortunately, I have some ERC20 tokens that I would like to sell and the fee is absurd, most of the time the Swap is more expensive than the total value of the tokens. Is there any way to convert the ERC20 into BEP20 or another protocol, is there any such service?
You have no choice now. Accept expensive cost from swap, transaction fee or simply hold those tokens. Wait for any upgrade from Ethereum that can reduce transaction fee on its network very considerably. If your problem is low value of your tokens, and if you swap them, transaction fee will eat up all the value, the best choice is hold them and hope that they will rise up in value as well as transaction fee on Ethereum network will fall down. Or they will be deployed, bridged to other chains with cheaper transaction fee. |
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You need to have non custodial wallet to store your Bitcoin. You can use DEX or CEX to buy, trade and use crypto. If you are restricted on CEX, you can use decentralized exchange like Bisq: https://coinmarketcap.com/exchanges/bisq/If exchanges require KYC, you should finish KYC then you can start deposit your money and trade. If you take risk, deposit first before KYC successfully, you are taking risk because if you fail finally with KYC, you can not withdraw your money. |
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will try from mobile
What wallet do you use to connect to Pancake Swap? Metamask has connection issue on mobile devices sometimes. Moreover, if possible, using the computer to do crypto things are better than on mobile devices. On mobile, you can mistakenly touch, make typo and other mistakes. Due to the limitation of mobile screen, sometimes you can not see the mistake you are making. |
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Hi, when transacting on marketplace, suppose if your transaction gets stuck due to low gas or smth and doesn't get confirmed within time-limit, then what happens?
I had some transactions like that many months ago. I remembered that something like those transactions were expired and when I woke up, I have to submit another transaction on gold marketplace. It can be something similar to expired. Gold team can provide the correct term here for you. From my experience, you don't lose your Gold token, and what you have to do is submit another swap transaction in the marketplace. |
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