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Alternate cryptocurrencies / Altcoin Discussion / Re: Is ETH the King of Altcoins ?
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on: May 05, 2023, 07:48:14 AM
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Undoubtedly, Ethereum holds the title of being the most dominant Altcoin in the cryptocurrency market. However, smaller investors are finding themselves distracted by the high gas fees associated with using the Ethereum network, causing them to opt for alternative networks like BSC, TRC, or Polygon, which offer lower transaction costs. To retain the interest of small traders and investors, the Ethereum developers need to focus on resolving this issue of high gas fees.
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589
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Alternate cryptocurrencies / Altcoin Discussion / Re: How Confident Are you With Altcoin In This Time
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on: May 04, 2023, 11:07:02 AM
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During the last bear market, we were uncertain if Altcoins would increase in value, but during the previous bull market, we saw Meme coin holders make significant profits, and some altcoins also performed well. Looking at history, bear markets often disappoint us and make us question whether the market will recover or not. However, every time the market has bounced back better than the previous time, so we should stay positive and optimistic this time too.
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590
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Alternate cryptocurrencies / Altcoin Discussion / Re: XLM - yes or no?
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on: May 04, 2023, 09:52:41 AM
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I am not currently following the developments of XLM, but I have noticed that XLM has been stagnant for quite some time and has not shown much movement for many years. However, anything can happen during a bull run, so we could invest a small amount in XLM. I have not found any correlation between XRP and XLM, but XLM is not so bad that we should completely ignore it.
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591
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Alternate cryptocurrencies / Altcoin Discussion / Re: Is it wise to stake your crypto currency
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on: May 03, 2023, 11:21:04 AM
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If someone plans to hold an asset for the long term, they can earn extra coins by staking. However, if someone is a trader, trading may be a better option than staking because staking requires selecting a time period and if one unstakes before the locking period, they may not gain any significant advantage. This is a disadvantage of staking. However, if someone is afraid of trading or considers it risky, staking can be a good option for gaining something.
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592
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Alternate cryptocurrencies / Altcoin Discussion / Re: Stay away from crypto influencers
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on: May 03, 2023, 11:09:35 AM
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I have to say that these influencers are not experts in cryptocurrency trading or analysis of the crypto market. Most influencers receive money to talk about any coin, so we should not trust those who are paid to speak. Instead, we should analyze the market ourselves so that we do not have to rely on anyone else. In the end, I would recommend staying away from such so-called crypto influencers because they make money by fooling ordinary crypto traders and investors
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