NFTs, Layer 1's, Play to Earn, all of these have had significant hype cycles. I believe Layer 2's will have their time in the sun sooner or later into 2022. What are some good Layer 2 projects (with or without a token) that everyone should check out?
There are two projects on my radar: 1) ERGo - I have been with this project for a while, but only right now I become more and more confident, that they are building a really revolutionary ecosystem. Strong fundamentals, founder with zero ego, great developers, awesome community, and a lot of already working projects. Rosen Bridge is coming, and it will open gates for liquidity first from the ADA ecosystem, and later to BTC and ETH. 2) HERA - this is a super low cap project, that follows the same ideology as ERGo - build a working project, instead of making promises, hype and marketing. They created an AI based pathfinder for swaps and bridges. Initially launched on METIS Blockchain, last few months that are working on launching it on ETH as well. Going to be huge, considering the progress that they made, and the market cap below 20 mln.
I don't trust their blackhat SEO tactics, example, look at this page title on Google's search result: [MetisDAO (METIS) Staking | Earn rewards up to 25% on crypto](https://www.google.com/search?hl=en&q=site%3Akraken.com%20stake%20metisdao) But the page body text will say “MetisDAO (METIS) staking is not available on Kraken.”
I won't consider Shiba Inu (SHIB), Algorand (ALGO), nor Tron (TRX) to be undervalued just because they are priced under $0.15. My top 5 undervalued cryptocurrencies would be Ocean Protocol (OCEAN), MetisDAO (METIS), Numeraire (NMR), HashFlow (HFT), and Fetch AI (FET) based on their current market caps.
"MetisDAO was launched with the involvement of a woman named Natalia Ameline. But why is this important? Because she is Vitalik Buterin's, the co-founder of Ethereum's (ETH), mother. But those who think Ameline is only involved with the METIS token are mistaken. Her journey in the crypto market is also marked by CryptoChicks, the nonprofit organization she co-founded with Elena Sinelnikova. This association focuses on educating women so that they can increase their leadership potential in the blockchain and technology sector." sourse: https://cryptonews.net/news/altcoins/19120233/
tldr; Metis, a layer 2 scaling solution, has announced a plan to compensate users affected by the PolyNetwork bridge hack. The project will distribute 117,000 METIS tokens to impacted community members. Additionally, Metis is implementing an enhanced cross-chain architecture using LayerZero's OFT model. The hack exploited the PolyNetwork bridge to drain liquidity pools of 8.8 million METIS tokens on Binance Smart Chain. Metis responded quickly by removing liquidity from various DEXes to limit the damage. To make affected users whole, Metis will distribute 117,000 newly created rMETIS tokens, which will vest over time. Metis has also upgraded to LayerZero's OFT architecture to improve the cross-chain experience and enable seamless Metis bridging without liquidity pool requirements. The transition to OFT architecture unlocks superior cross-chain operability for the Metis ecosystem. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
I have a diversified portfolio. 40% in big caps (ETH, UNIBOT, INJ), 30% in small caps (PYR, METIS, VRA), 20% in low caps (HILO, SEND, BUMP) and I have the rest in stablecoins to buy dips & upcoming launches. >How has the last bull/bear cycle shifted your strategy? I've been adjusting the sizing based on key narratives & smart money flow. And then DCA'ing on the dips.
The answer will vary from person to person. I think It all depends on one's risk tolerance and your investment goal & target. Wealth is also relative. In the bull, alts will surely outperform bitcoin and they dump faster too in the bear market. I hold both BTC (small size) & altcoins, and I'm focused on increasing my spot size in ETH, METIS, INJ and VRA. I believe new projects will deliver the best return, so FLD (FluidAI) & ZETA (ZetaChain) are my main watchlists here and I will hold them long term. My investment horizon is usually 12-18 months.
Yeah, I agree with you. Although, I expect the bull to start a few months before the halving, in the first quarter of 2024. My prediction is AI & DeFi will be dominating narratives of the next cycle, and I believe MATIC, VRA, FLD, INJ & METIS will deliver a decent ROI.
Arbitrum is superior by every metric. It’s faster and cheaper. More importantly it’s much safer. Like…way safer. Optimism has NO WORKING FRAUD PROOFS. On top of that - if Arbitrum goes offline you can still withdraw, Optimism you can’t. There’s literally nothing Optimism does better, but they have less restrict licensing around their code and so that’s what others are using (BASE, METIS, etc…). From a purely technical standpoint Arbitrum blows Optimism out the water. https://l2beat.com/scaling/risk
The supply alone of Optimism is a no-go for me. Same goes for Abritrum. With the amount of grants going out on both of them, you can expect the prices to dump more. Polygon is quite possibly the best deal right now (despite the negative news), I use it more than anything, and primarily for my swaps with Ethereum, even more than our current L2 options. Be on the look out for the Orbiter Finance airdrop, if they launch, you can bet your ass I'm going all-in on that (be weary about airdrop scams though, Orbiter is launching a token). My favorite currently, that's going to be my next to start stacking is METIS. They have absurdly low supply for an L2, and if you're only interested in price action, this one will pump significantly during the bullrun or on news of proto danksharding going live on Ethereum. But by all means, if you're interested in those L2s, stack them. They are only going to get better.
This is ongoing so things will change, but as of writing this the exploiter has moved: * 440 ETH worth $840k https://etherscan.io/tx/0xacdba593925a5147735438727e1b53ba7eafbe868eab51d6dc13d58d7aea82da * 8 million METIS tokens worth $180 million: https://bscscan.com/tx/0xa909b1cff73e239fc5531461c4303344bb74635a5fe5bc6f8b62daee00344a58 * 998 million SOFI tokens worth $52 million: https://bscscan.com/tx/0xced20d045b0b35816c9f0f526b3de7074ab8e112a84bdb3eb29d6712a5e02e54 * 978 million SLD tokens worth $17 million: https://bscscan.com/tx/0xc7caccf51aa539c0156b3c137583a659c7d1d8fdbc7d5cc9f0c988e535a4cff7
Best we scoop more now. I have bought for atleast $400 yesterday alone. I have bought some of METIS, EGLD, UTK and ATOM. Hope these will moon in the next bullrun. Crypto is here to stay, and no one can change that fact.
That is right and why it's important to invest early in solid projects ahead of the bull season. I'm considering low caps such as METIS and upcoming releases such as Starknet, ZkSync, and Weaver Labs' upcoming ADE token as my investment goals.
If there's anyone worth holding longer, I think that would be the OG meme- PEPE. Personally, I wouldn't hold any meme at this point. I'm diversifying in AI & L2 projects; METIS & ARB. I also took an interest in Common Wealth Genesis NFTs (minting on the 22nd) to prepare myself for early entry into web3 projects, for the next bull run.
I invest whatever I can afford to lose because crypto is very volatile. It's a function of my risk tolerance. Diversification is a strategy I adopt to maximize ROI, maintaining exposure to ETH, VRA, METIS, etc. I'm also considering minting Common Wealth Genesis NFTs next Monday, to claim WLTH tokens on TGE, among other benefits.
At this point, I'm steering clear of risky investments and focusing on holding solid coins. My portfolio currently includes BNB, UTK, METIS, and FLR, which I'm confident will continue to perform well over time.
Ah yeah, I've been sleeping on a Ledger, I'm an advocate for only accumulating crypto that can be stored on hardware after acquiring a Trezor last year. Unfortunately, Trezor doesn't have the mainstream support Ledger does. I'm thinking OP/ARB/METIS (possibly zkSync/Orbiter Finance airdrops) are going to be the big winners. I'm just waiting on token unlocks for Optimism before buying in, I'm expecting the price to dump (May 31st) pretty hard with all full unlocks opening.
Smart decision. A lot of people get trapped in the memecoin chase and all capital being taken from them. There's no need to join if you are not early. I picked a few projects and will continue to DCA. METIS, HBAR, VRA, ORE and INJ.
We're getting closer and closer to the bullrun, it's not a time to be conservative. Narratives matter a lot and will help you make a lot of money. One of the easiest, less risk-adverse narrative is Layer 2s, do your research and take your pick between ARB, OP, METIS, LRC, and CTSI. Remember that the lower the cap, the higher the upside, but be sure they're developing nicely.
Although I've had some unlucky experiences with meme coins, I prefer to invest in low-cap coins that have the potential for easy 10x gains. Currently, I'm investing in some hidden gems like UTK, METIS, VELO, and OCEAN, which I believe have strong potential for growth and success.
Earlier on, I was skeptical about them, but they are far better than other L1s tbh. Since I tried out Optimism, I knew L2s will eventually take over. I've been accumulating them since then, the low the cap, the better😁 CTSI ARB OP METIS ZKsync soon...
Good one, it will take off but it needs catalysts. And that will come. LRC, METIS and CTSI are unexpected L2s that will still take off. Each at its time. Though, I can't tell what it'd be for Loopring, maybe some crazy partnerships, I know Cartesi's, public testnet and eventual mainnet still to come. Many projects that people like to shit on because there's no hype working for them atm will make people eat their words later.
I wasn't much into crypto during the last bull run so I was just following the noise, I got rekt big time with meme coins which I wouldn't try again, this time I'm focusing o the top huge narrative that will shake the crypto space, first is AI which I got OCEAN for and the next is layer 2 with my main focus on METIS and the third one is QANX which is based on quantum-resistant chains
The portfolio isn't bad. Ethereum dominance is very okay. I think you should increase your exposure more in Bitcoin and Cosmos. MATIC is totally fine too. But If I'm playing the Layer 2 trend, I would buy undervalued L2, maybe METIS or CTSI instead, for better returns.
Layer 2 solutions are here to stay as long as the scalability issues of Ethereum persist. At the moment, my favourite L2s are MATIC, OP, ARB, CTSI and METIS. They rely on different solutions but the goal is to scale Ethereum.
Honestly I'm a glutton for punishment so I'll likely try to swing trade it a little, sell 90% of initial while going down, buy back like 20% near the bottom and try to scalp the whole thing. I unironically think LSD coins like LDO/RPL and L2 coins like OP/ARB/METIS are gonna have to do some insane tokenomic/governance tricks to actually have value so I don't think they're bad moonshots but atm they're straight useless TVL inflators.
So it's about layer 2 protocol METIS. And yea, there is no fee meel, someone has to pay for it. This will be achieved by pre-funded transactions that are free for the end user and social key recovery reducing the consequences of private key mishandling — among other things.
You have OP and MATIC, so I think you're positively inclined towards L2s. I am too. Whether you want to reduce your avax or not I really think exposure to more L2s won't be bad. METIS, CTSI, LRC are all good options to research.
I agree that the crypto market has grown significantly in recent years, and it's exciting to see blockchain technology's potential is realized. Utrust is undoubtedly a promising project topping my list especially given its emphasis on making cryptocurrency payments more accessible and user-friendly. I would also recommend looking into METIS and QRDO as other undervalued projects with great use cases.
Ethereum has more upside potentials vs Bitcoin. But you would probably make more gains with MATIC, so you can add more to your existing position. Other L2s such as OP, CTSI, METIS are good options too for investment consideration.
Original plan for 2023: Big caps only, switch to shitcoins closer to 2024. BTC > ETH > DOT. Reality: DOT, TAO, GLMR, METIS, EFI, AVAX, ETH, BTC, ASTR. ..That escalated quickly. Can recommend Bittensor (TAO). AI chain on Polkadot which held up during this latest dip. A bit quirky to get but should get some cex listings later this month.
I agree that the tokens you've identified as trending on Twitter are likely popular. I am particularly interested in the token MANA, as it seems to be doing well. However, I do not own any of the aforementioned tokens. Additionally, I have noticed that the token RIDE has been steadily increasing in value, likely due to its utility in Skyjack NFTs and other uses, likewise RUNE, MUSE and METIS.
Polygon will be a top performer in this list. This is because the Layer 2 narrative is still strong & it has upcoming products like the zkEVM to be launched. I expect other Layer 2 coins (METIS, CTSI, BOBA) to follow also since they got amazing tech as well.
If my days of DCAing RIDE, METIS, and SOL aren't enough, then there's no need for FOMO, no matter how hard I want to enter. I can just TP, and that's all. Besides, I'm not totally convinced that the market is back on total greens, but I move with the flow as my holdings are moving smoothly against all odds.
I'm saving up my funds and looking for opportunities to invest in ETH and Layer 2 projects like METIS, CTSI, OP, MATIC, and LRC. The narrative is strong, and there's a ton of stuff happening in the Ethereum Layer 2 space, so I'm expecting to see more adoption next year.
I'm a big believer in ETH and Layer 2 coins like MATIC, CTSI, OP, and METIS potentially leading the next bull run, but it's hard to say if that will happen in the coming year. Some speculate that the next bull run won't be until 2024, but we'll have to wait and see.
\-Mining fiat to have increased dry powder to invest \- Learning more about on-chain analysis ( smart money wallet tracking) \-Reading tons of Newsletter lately, consuming Alpha (s) \-Testing new protocols, for potential retroactive drops \-Increasing my position in L2 projects- (DCA'ing MATIC, CTSI, METIS)
Well said mate & I fully agree. Not doing anything different from these tbh, but I will always have a lunch money set aside to buy microcaps, made cool gains with those in the last bull >Ensure my portfolio has diversity in use case: L1, L2, Oracles, etc That's what I've been focusing on in the past months. Most especially METIS & CTSI which are Layer 2s
Then you don’t know METIS. And the way it was designed. Because if ZK is found to be the more viable solution. METIS can easily make the change You also don’t realize how much more Metis is doing besides being an L2 rollup Reputation power, soul bound tokens, DAC framework 👌