Hardly doubt that the next altcoin season is about to come in the nearest future. The dominance is far too high to let altcoins increase in prices. Besides, no altcoin has prepared something big to get on the green road.
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The most exciting things for me are BTC halving and TON network launch. Those events should help to raise industry from ashes, but I am afraid of BTC halving at the same point, because if the dominance would further increase, altcoins will just die.
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If they decide to sell such a huge amount of tokens, it is surely possible that ETH will drop further and finally reach 50 bucks per coin. It would be awful, but what you can do, if such guys are earning money in ponzi schemes using ETH.
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I am still investing and promoting a lot of altcoins, because I believe that BTC would never make it alone. We need altcoins that can provide much faster transactions, less fees and much more great advantages in front of BTC.
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Switzerland is pretty great regarding blockchain projects. As far as I know there is even a crypto valley that is based in Switzerland. Australia is also a good example of a crypto friendly country, but this is basically it.
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I believe that the time of altcoins will come in the nearest future, because BTC is not able to do it alone. But the whole situation is pretty disappointing and 68 percent dominance makes me think that I might be completely wrong.
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The most profitable projects of this year were IEOs on four exchanges: Binance, Huobi, Okex and Kucoin. All other projects have failed/did not brought profit/crashed in price after listing. Do not mess with any IEO besides on those exchanges.
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Why not, there are enough coins that are offering completely anonymous transactions, especially Monero. You can also use Bitcoin mixer if you prefer to hold your funds in BTC. The problem of such systems, is that they are very likely to get banned after the mass adoption.
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That is the same what Chinese government is doing. Libra has exactly the same idea of centralisation with blockchain and in my opinion it is an important step towards the mass adoption, even if we would sacrifice decentralisation at the end.
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It was a great decision for them, without any doubt. But I can hardly imagine that the crypto market got advantages from it. After such a solid amount of ETH was sold, the market crashed and ETH fell to 80 bucks per coin.
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Go to google my friend, there are thousands of websites that are offering a very detailed picture of all minable coins. But in my opinion mining is still not worth it, because altcoins prices are doing nothing but falling.
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Nice to hear that another big company is integrating blockchain. But it does not help to improve crypto industry. We need more coins that are offering something more than just a whitepaper and that can compete with centralised solutions.
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Tokoin team did a very smart token allocation. They are distributing 25 percent of rewards each month, so nobody can dump whole tokens at once. Secondly, Tokoin has a great trading volume and several bounty tokens do not crash the price.
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It would not help newbies in my opinion. There are thousands of thread with the same massage, but I did not mention less people taking part in crap bounties or yelling that an ICO is a scam and he invested 5k into this garbage, it is not going to end.
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I thought that their team members just dumped the majority of their tokens and it is not the way it works. Matic has good potential, but if they have such greedy people at their wheel, it can likely end very bad for all.
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I thought that team members just sold their tokens, a whole bunch within a short period of time. But not only from MATIC, generally all Binance IEOs dropped in price during several hours, maybe there is more to come.
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This is crazy, how fast IEOs have grown. I agree and also believe that ICOs are out of date and nobody should spend his time by participating in trash projects. But IEOs are not better, look at projects that are launched on such exchanges as Latoken.
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Not every single altcoin is bad, but the general picture of altcoins is depressing. ETH cannot overcome 160 mark for months, LTC, EOS, DASH are swimming somewhere without any sign of improvement for years.
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The much bigger problem is that even perspective project cannot realise their potential, they are postponing everything, until there is already a much better solution on the market which makes further development just pointless.
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They got attacked by Chinas police and I do not think everything got cleared yet. Maybe they are still hiding their office because of security reasons. Anyway, nobody knows why, but Binance always did a great job.
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