A year ago Cardano and Polkadot were perceived as rival chains and were similar size. Now, Cardano has a 50% larger market cap than Polkadot. Do you consider these two rival tokens? Do you think Cardano is properly valued relative to Polkadot?
You are talking about cross chain. Plenty of bridges already available in plenty of blockchains. Interoperability is indeed what ATOM or DOT do. MOVR can talk with KSM,GLMR,ACA or any other parachain(which are actual blockchain) without the need implementing bridges
Its crazy how much FUD post are around LRC when its at a price close to ALGO, meanwhile ALGO its on 1.40’s down from 2.80 ATH and nobody says ALGO its dead, sell before its too late. Im a noob on crypto but I seen DOT going from 30 to 10, then to 50 and now to 20’s. This is Crypto. HOLD and DCA if you believe in a project.
FTM is my favorite lately. Possibly because of the gains, possible because I believe in it long term and like it’s fundaments… My all time favorite is ETH followed by the OG BTC and MATIC with DOT not too far behind. I’ve had my eye on AVAX too but haven’t pulled the trigger.
DOT parachains must use DOT main chain to secure transactions, so at present it has more direct value capture. At present, ATOM doesn't secure transactions for other chains connected to it, and it relays transactions between chains for free. The option for new chains to have transactions secured by ATOM (interchain security) and fees for relaying transactions are coming too. This will really increase value capture for ATOM but it is all optional... Chains can choose if they want to handle things for themselves. ATOM is basically a more decentralized solution with more upside but more risk. They've succeeded thus far though so I'm confident. There will end up being far more chains in ATOM overall and ATOM will benefit from only some of them, whereas DOT will benefit from all chains on their system but will have less chains overall. Look how many projects are connected in the ATOM ecosystem already: www.mapofzones.com and new ones are being added weekly.
They are trying to solve two different problems. Atom is already solving the L0s, where it's the leadership by a long way. DOT is extremely overvaluated when compared with the real products of the atom ecosystem for example. Algo has a very thorough fight to take a place between a dozen of competitive L1s. And its ecosystem is just starting, meanwhile others are growing
It’s easy to lose track of performance of some coins. Something that was very outstanding was DOT to me. I created a fun demo account to buy the dip of all kind of coins and it had the same gain as MATIC - just steady +2-5% instead of daily +10%
If you hold DOT you can participate in auctions for new projects to get onto the Polkadot network there one every two weeks atm you stake your tokens for 2 years and they give you free tokens people just got Moonbeam tokens and they are worth double the amount of DOT they locked up 😏
Weekly automatic buy of BTC, ETH, DOT, MATIC, LINK and LUNA. Got a list of coins and tokens I watch out for, and buy when I feel like it, which has been daily for the last month or so. FOMO randomly into shills here.
I think it happened around June of 21 for Eth. Or it was pretty close. I realize this isn’t a very active strategy. I’m not buying and selling all the time. But I managed to pick up DOT in the low teens, Cosmos for $10, matic at $.68, decentraland at .71. Please also keep in mind, I don’t know shit about fuck. I couldn’t put together those graphs you did and present such a cogent explanation. (I’m just random Reddit guy)
So I've started investing two months ago and went with obviously loved projects around here - BTC, ETH, ALGO, DOT, LINK, all well timed arpund ATH. A few weeks ago tired of staring at huge losses and never ending crab, I picked up some ADA. The FUD was rampant here and I got in at just above 1$. Today it's the only green coin in my portfolio 😂🤦🏼♀️ Sometimes doing the opposite of this sub works I guess.
Yup, I'm definitely looking into staking options and even just common stablecoin interest. I'm trying to find a nice entry price into a project like DOT or FTM so I can allocate a huge chunk to and stake. Thanks for the advice Christian! Definitely worth the regard 🙌
Hahaha.. Everyone has really got that investor's part in them, it's not a thing we can deny or shy away from cos I got it too. I did learnt about crypto through a friend too, started out with BTC in 2018, and now I'm long deep into solid altcoins. Currently got more bags of DOT, BNB, MATIC, SOL and RAIL. These are my solid alts bags anyday.
Yeah, I quite agree with you buddy. The ability to quickly discover what works for you in this space makes navigation more easier and your crypto journey stress-free. DCA'ing and hodl, buying low and selling high are strategies that has practically worked for me in this space. My portfolio aren't overly diversified tho, but I've got very solid bags of ETH, DOT, MATIC and RAIL
CKB is a truly awesome hidden gem. Its not even hidden from people who are paying attention. It is doing what DOT is doing as a zero chain, but it is actually EASY to build on and use. You need a f-ing phd in astrophysics to understand parachains .
Whether it has potential or not, Litecoin has been around for quite some time and it doesn't look as if it going off anytime soon, I would really love to see more projects build on this kind of reliability; BNB, VET, UNI, eRSDL GTO and even DOT have really been reliable too just like Litecoin.
i swear i have a 6th sense for making bad crypto decisions. yesterday, I: * sold my DOT at a profit but it kept pumping * sold a little ONE because i thought it would keep dropping back to 30 * then hesitated to buy IMX and it went up like crazy
But what if you believed in the wrong coin and it jus dies? I'm new to crypto, aside from BTC and ETH which will make up most of my portfolio and will just hold forever, I'm not sure what my strategy is for the altcoins. So far I've chosen DOT, AVAX and lookin to maybe add one more out of MATIC ALGO or ENJ. But I wonder what will happen to those alts 10 years from now. will they still even exist? will the ATH be in like 2024 then they'll eventually die out? Maybe I should have an exit strategy and put profits into BTC or ETH. I just looked at the top 20 coins for 2015 and no one even mentions most of them nowadays.
I will BUY and my portfolio will become fat like a bear before hibernation. Nothing fancy, BTC ETH DOT+another one after I do more research. Won't try some low market cap one cause m too dumb. I am actually a closeted bear. I started in Feb, had a good time, still learning the basic, have been waiting for a real bear before getting more deep into crypto (means, more than 10k), didn't expect the second high wave of September but was pleasantly surprised, now perhaps time for a real winter. I believe in the long term development of crypto currencies, the more you consider this perspective the more obvious it appears.
If you are gonna pull the plug on that, please go to something more “”stable”” in its potential. (BTC, ETH, DOT are good ones imo). Jokes I’ve been doing aside, I never really got what LRC was all about so I stayed out mainly because I doubted myself. Lucky I guess, for now. Cheers
In the next few years, I feel Metaverse and WEB3 project are gonna take a wide space in crypto community as a whole. WEB3 adoption has not really taken the space, but I feel in a matter of time we are gonna see what it has to offer. I'm currently bullish on some amazing and prospective projects as DOT, FIL, DIA and THETA. These projects are amazing and lot of them are gonna make a big blow in coming years. Metaverse projects are also getting a lot of hype and I see a lot of new projects coming up. Bullish on some amazing games which are coming up as Legends of Elumia and Mecha Morphing which has a lot of amazing in game graphics and well designed in game characters.
Polkadot, period. Buying, putting them in Parachain Auctions[Parachain Auctions](https://docs.google.com/spreadsheets/d/1vbBK6-va71LWvkyxo-P3zw1dDJxeUlFlXLyC4wdVgD4/edit?usp=drivesdk), and will keep them for couple of years. The new projects will give free tokens for locked DOT, and couple of them will provide fantastic returns. I will get my DOT back after two years and put them again. DOT - all the way!
What is interesting about XLM is that it pumps when others dump. So, for example DOT might head down while XLM heads up. If you swap XLM for DOT, you will make out better than if you used USDC trading pairs. Always have some XLM laying around…
Dexit (DXT). Its a new project that's trying ti create their own blockchain and mainnet. I believe what they are trying to achieve is similar to matic and ftm. If they are successful. It will be my greatest investment ever. If not I will lose $500. For safer bets I'm going with CRO, Enjin, DOT and sushiswap.