The token has launched today, when are we getting out tokens sir.
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.COM token is legit, the problem with BRC20 tokens has compared to ERc20 tokens is that most of them are unknown to many people, to me the ordinal space is just getting started and will likely deliver many $1 billion market cap project this cycle, reason being that most of them will be pumped to reach parity with those that are on Ethereum ecosystem
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To me this is just a marketing scheme, Ethereum has not delivered on its promises and these give me a concern. When you see the main deliver keep dumping his tokens on the market and after selling comes out with one roadmap. I just hope one of these L1 or even L2 will take over from Ethereum and deliver true decentralization
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2023 is about to end in a few hours. We will now enter 2024 with huge motivation to make good money from trading. Hence, it will be great if we all share our top picks of the past year (2023) with all the members here. For me, the top 3 coins that impressed me in 2023 were Matic, XRP, and BNB. Now, what was your favorite this year? Let’s hope that in 2024 we make double the money that we made in 2023. Let's hope for the best and wish everyone a happy new year in advance.
I think it is better to look at categories instead of naming names of one token. To me L2 tokens will perform very well because people have realised there is more outside of Ethereum, just look at the recent performance of Solana ecosystem, i also expect Exchange tokens to do very well, the will turn to money making factory in the bull run and the third category is the AI space, AI is going to do extremely well in 2024, we are just scratching the surface
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For those of us that are into altcoin signature campaign and have accumulate some in your wallet, what do you do with it since some of them has low value at the moment if you check their current price?
Do you keep holding it hoping that the price will finally come up since it seems you can't actually trade it with it current value.
Will the altcoin become valueless after the campaign is over or could still gain value after some years.
The best you can do is to wait for the price to pick up especially fro those tokens on the Ethereum network, the transaction fees will rob you of your gains, some of these tokens will go to zero in value but those that will pump will make it worth it. We are entering into the bull market anything is possible
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All the privacy coins are being delisted now and i expect this trend to coin especially from the centralised exchanges, I believe there will be away around it and if they dumped significantly it would be a good buy because there is need for privacy now than before, this is a big threat to the Crypto space when you can't do anything online without your identity being exposed
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Are there any new or upcoming altcoins that have caught your attention recently?
I think it is better to look at Solana ecosystem because it is likely they will continue to perform well, those L2's that have raised huge amount of money need to be focus on too, we are likely to see them perform well in the bull market because the transaction fees will be competitive on it and likely to give Solana go run for its money
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There is no way Solana will end up been EOS 2.0, the failure of EOS is to me because of the lack of clear direction from the team, the team is only interested in money they want to raise from the market, I understand your concern, but there will be a solution in future, we all have these issues with Bitcoin (China mining control) Ethereum also (Moving to POS) Solana has a strong community now, and I think solution will come
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This is why you need to be conscious of the links you see online, most of the trusted links are from sites like Coingecko, if you want to visit a project website, use the links from Coingecko because it must have been vetted already, there are a lot of scammers out there, not just on Google or X ads, there are a lot of ways they can penetrate one if care is not taken, just be sure of links you want to click before doing so
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With the level of know in the space now, there is no way government can totally ban Dexes, you can fork the protocol and start your own exchange, Dexes are more like P2P trade. I think the fear people have with these governments ban this and that should be alleviated with the recent change of tunes from different government all over the world, what they can do is to find a way to control it, ban as not really work, especially for things with huge demand like drug, people will find a way round it.
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If I wanted to create my own altcoin, what is the easiest/fastest/cheapest way to do it?
By "create" here I mean a coin I could give to my friends, offer to trade for other altcoins, and store in a wallet.
So you are looking for ways to scam your friends or their money, more than 5000 tokens were launched in the past 24 hours on Solana, it depends on where you want to launch the tokens, there are tutorials on YouTube on how to do it on Ethereum, and I am sure there should be one also for Solana since both platform are the two big thing in the space for now. I won't advise you create one because you know nothing about blockchain
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This is another airdrop to watch out for, they team has strong backing, but my concern is that if care is not taking the price impact may not be great since there are many L2 coming to the market now and the first mover advantage is something that is huge in this space, just look at the BRC20 play and ordinal NFTs.
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When you mean growth, you refer to long-term investment, investing to a token with low circulating supply may not be a good thing because the price will be diluted with time as more tokens are being released to the market, there are many tokens in this situation, just look at all the Sam coins then. I don't think this your tips is sustainable
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It is a just human psychology, buy the news, from past performance, we can see that the market always do well when the interest rate is low, reason being that access to capital improves, just look at when the interest rate was close to zero, you can access capital at zero interest rate and helps companies to perform better but when interest rate increases, the rate on the capital alone kills most companies, this is why you see so many companies defaulting on their interest payment and also household defaulting on their credit card payment because it has turned to burn on them.
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I have a feeling that unemployment will continue to be on the rise around the world because of the change in environment, that is caused by Automation and Artificial Intelligence (AI), just look at ChatGPT, the amount of problem it solves in seconds, so why do you need man when machines can do their work cheaper and faster, and I expect to see more from AI in the next 5 years
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With the way things are, I think the only thing China and Russia need to do is to play the waiting game and the West will self destroy itself, if they continue on this destructive path. I have issue with China dethroning America has the world power because of centralisation of power in the country and they are likely going to spread it across the world with time, but I think China has this good virtues of taken their time, they will continue to wait for the best time that America will be powerless to save itself from the inevitable
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Decred was one of the most promising project then, but the team has failed to adapt to the market conditions, just look at Ordinals on Bitcoin, it has helped BTC community to gain its mojo back. It will likely pump ones in a while, but I don't see it being a Top project again. People go after the next big thing and Decred can't offer that now
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Never in doubt, a lot of people faded Solano, especially the Ethereum gang, Solano and Avax have both outperformed Ethereum, and we see the founder dumping Ethereum on people. I am glad for the comeback of Solano and I hope the team will continue to keep this up, if they can sustain the momentum to next bull run, I think Solano has a shot to be the true Ethereum killer
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I believe this is a worn path being taken by the Tether team, I know they are on a lot of pressure but the issue of Crypto being used for scam or fraud is a pure fallacy. I think there is need for a Decentralised Stablecoin, DAI also has failed in this regard. If wallets can be blocked arbitrarily, anyone using Tether need to watch their back
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