you may do your own research about the project I'm gonna introduce to you. This project called The Collective 2.0 (CO2). Why 2.0? because it's a re-born project. It was known as Collective (CDEX) back in 2018. It's hiatus for years and getting re-operated in 2021. The project is about community management and development, which is empowering the new projects to succeed in the crypto sphere. It has a solid team and developers, it's a microcap project with 300K circulating supply and 500K total supply. Still really undervalued. They will have a game with NFTs in-game called CoinRushGo resembled with PokemonGo, where they will introduce their client's project inside the game and we can get their tokens/coins as rewards. The NFTs are tradable and usable in-game. There are so many things prepared by developers behind their sleeves. So yeah, it's still early.
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I saw the dogecoin phenomena as a euphoria. Elon Musk is a great figure in business and as far as I know, there's no high-profile businessman before Musk who really enthusiastic about cryptocurrencies. May I mention Warren Buffet? He's a crypto anti for sure. That's why Musk's tweets affecting the crypto community so much. Cryptocurrency is actually about people, about community. It's come from the community, for the community, and moved by the community. So it's not strange if people or communities can make a project pumped or dumped so much, apart of it has utilities or not.
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In my personal opinion, technology can be more valuable than fixed assets like precious metals since it always develops. From a long time ago precious metals becomes a standard of investment for many people, but it's not a secret anymore that gold is controlled by a certain party just like fiat does. That's why the decentralization topic arises. We can't argue that the world has changed. Nowadays is only just the beginning of the cryptocurrency journey. When the mass adoption becomes real, I bet cryptocurrency will be further valuable than gold.
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I agree it's not one the most matter, but still one important thing. By reading the whitepaper I can understand how the developers thinking and how the concept made. To complete the research, of course, we need to dig another significant information from them. Other than that, we also need to use our instinct. I think we also need to see how they interact with the community, and how the community itself. We need to see how they progressed and developed. Over the years, more people engaged with cryptocurrencies, more trash projects will come, and it means more things we should do to guard ourselves and gain profits, one of them is intensive research.
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the main issue in the ethereum network is the clogged network, which makes the network working harder than usual and affects the miner's effort and higher fees. One of the major causes is the big amounts of DeFi projects that mostly using ethereum smart contracts to build their project. The increasing of activities apparently become an issue for ethereum networks and it's also referring to ethereum scalability. It has never been the fastest cryptocurrency anyway, ethereum become massive because of the smart contract feature
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I always believe in Ethereum supremacy. The fees gradually decreasing thank you Berlin update, and hopefully, the London update will solve the issue entirely. Just like you said, one of the ethereum advantages compared to BSC is decentralization. Besides, ethereum is the pioneer that implemented smart contracts, one of the biggest and massive adopted features in cryptocurrency so I believe people behind the ethereum project won't let BSC passing ethereum popularity and utilities. It's always easier to use eth directly than bridging it into another network so yeah for me, ethereum is better than BSC in many aspects
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