If you have to pick 3 projects that are not ETH or BTC to buy for next 2 years, which one will it be and why? and how much coin will you buy? and do you think you will end up rich by next bull market or you think you need to wait until 2025 or 2026 to see some good gains. how much will you sell it?
You say “it’s not as big as the losses” it’s actually bigger! For eg NEAR WENT FROM $20 to $1.23 - a drop of 80% BUUUT - it’s gone from $1.23 to $2.71 - rise of 83%!!! People are looking at it from where they bought I’m not what the returns are? Hell BTC has risen 36% so far this year? If you’d bought the top and the bottom you’d be down by 40% odd but if BTC gets to $32k you’d be looking at a rise of 100%. Perspective is what’s lacking here.
QNT, LINK, GRT, MATIC, DOT, and AR I'm holding NEAR, but honestly it feels like that's just in hope of some sort of a recovery at some point. Almost the same feel with LRC, though I'm maybe starting to get a bit of confidence back. I've been getting a bit more confident about ADA as time has gone on. Not sure it will moonshot but hey. And XRP as a court case gamble
Hedera Hashgraph, Algorand, Polygon, Quant, BTC, ETH, Solana, The Graph, Celo, Fantom, REN protocol, NEAR, Chainlink, Polkadot, Render Token, Cosmos, Cardano and Optimism, LRC, Enjin, bro i wanna keep going
I won't object that alot of them a VC backed projects including NEAR. But from what I've understood, ethereum has fundamentals problems, even more so after POS move. Solidity as the underlying language fails to utilize blockchain capabilities to their full potential, so the move away is not that difficult to understand. With Hoskinson trying to utilize haskell, ergo is another one that made ergo script similar to bitcoin script. I feel the layer 1 wars will continue until we find the one.
I bought a bunch of small alt coins bags during the weeks before the pump. FIL, VET, NEAR, AAVE. Slightly bigger bags of DOT, AVAX, SOL, ADA. I keep those on exchanges since it's not worth it to me to have dozens of wallets (I do not keep BTC on an exchange). I have no idea what will go up and what won't. And I doubt anyone else does, so might as well buy any that is down massively and doesn't show signs of actual death. The only problem is keeping track of selling targets
MATIC, AGIX, and APT are going to be too performers from this list. I think it's important to keep an eye on L1 and L2 projects such as APT, MATIC, CTSI, AVAX, ATOM, NEAR, OP, etc., because they're likely going to be the next big trend after AI. Polygon mainnet upgrade and ZKEVM are already planned and they are going to be bullish for L2s especially.
Unless they are holding till the next 10 years, I will say they will expect a 10x, but if their plan is to hold for a few years, I don't think buying BTC is a better choice, altcoins like LINK, ORE, NEAR are better options IMO
Not much has changed with SOL fundamentally in the past few weeks, but what has changed is the amount of people with short positions. The amount of liquidations is in the tens of millions because of the squeeze thats taken place. Other top gainers this week like ETC and NEAR are shitcoins but they *also* were the most shorted coins (likely because DCG bags) so they got a good squeeze too.
TLDR: While Ethereum recently moved to proof-of-stake (PoS) to work on its fundamentals, NEAR protocol has already set itself on a strong foundation, 10 years ahead of Ethereum’s roadmap. NEAR was designed to be fast, secure and scalable. Using Nightshade sharding, the blockchain is able to reach finality in under three seconds and maintain transaction costs of under $0.01. Through building on such a strong foundation, NEAR has been able to focus its efforts on creating an easy to use environment that is optimized for developers.
Crypto.com paid 700M for a 20 year deal with the former Staples Arena Coinbase paid 210M for a 4 year deal with an esports team. Scam Bankman Fried 130M for Miami-Dade County Stadium A 30M yacht can earn itself back while retaining some value…Is this really such a red flag? (Not invested in NEAR, but this looks like conservative treasury management to me)
Anyone who’s used the NEAR wallet during the past year should have been able to recognize that the platform wasn’t going to last. They couldn’t make a half decent UX with that much funding, big red flag. Got in on some NEAR nfts, again UX sucked because of the wallet. Made profit and got out never looked back.
Stop handing founders 9 digit slush funds for new projects which have achieved virtually nothing. They will always see this money as their own. It goes into bank accounts they control with virtually zero oversight. Why would they dilute themselves by using it to improve the price of $NEAR? Imagine they own $100M worth of NEAR... And they have this $500M which they can use on anything they can justify as a "business expense". Well, throwing that $500M into the $NEAR project might boost the value of NEAR by 50%? So their $100M NEAR becomes $150M and they Meanwhile, if they just "invest" the $500M into their friends' projects, they can get huge kickbacks and make it look like they're putting in effort. Truth is, short term price movements will mostly just follow macro and crypto market direction. You won't see the real long term impact from highly-effective capital allocation for years. So yeah this isn't unique to NEAR and sums up why real companies with grown-ups have checks and balances in place to prevent the founders from corrupt behavior. A board of directors is a great start, since they are elected by the shareholders and their duty is to maximize shareholder value. The current structure of governance in most crypto projects strips away nearly all investor protection, and gives the founders/insiders unchecked access to corporate funds.
Taken from the article (trigger warning, this shit is ridiculous): 1. Acquire a sail boat for $30 million USD. 2. Create 10’s of millions of NEAR wallets and claim it to be organic growth. 3. Set up backdoor deals with the former VP of SailGP (Nathan Pillai) to take out more money from the ecosystem. 4. Address concerns of transparency, by spinning a yarn and leaving out as many details as possible. 5. Marieke changing the goal post from on-boarding a billion users, to on-boarding a billion wallets. Wallets are easy to create and fake, so why not? 6. Wrap up everything with a nice neat little bow \[a letter saying "continued to manage its treasury responsibly”\]
I thought I was going to invest in NEAR as an alternative to SOL after the FTX shit show, but am glad I stayed away. Near was $3.10 on November 6th (when the SBF v. CZ Twitter feud started). Right now it’s $1.25. Down 60% in 2 months….
tldr; NEAR CEO Marieke Flament has said that the organisation will raise $500 million to fund its various ambitious projects. The goal is to onboard a billion users to NEAR in 5 years. However, the company has raised over $470 million so far. Concerns have been raised about the lack of transparency around the spending of NEAR funds. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Technically its not always bad. EVMOS was printing 700%+ APY when chain started, I staked all that i got from the airdrop, but converted rewards to Etherium and other coins. It ended up paying out for me even now that the token is down 80/90%. The ammont that i got at ATH is lesser as the ammont that i converted to mainly ETH but also AVAX, NEAR, BNB. So i ended up with a bit more than if i dumped at ATH and I still have the coins (although they print half a dollar a day now).
> “We are actively investing in a wide sector of cryptocurrencies and have over 700 coins in our hedge fund portfolio, but none exceeds 2% of the total capital. For 2023, you differentiate, or you die,” he says > Gotbit’s preferred crypto portfolio looks like this: 15% bitcoin, 15% Ethereum, 10% Binance, 10% Polygon, 5% each for Chainlink, Cardano, the NEAR Protocol, Polkadot, Filecoin, Uniswap, Cosmos, Cronos, and Aptos. He could have just said "diversify your portfolio" 🤔
“Gotbit’s preferred crypto portfolio looks like this: 15% bitcoin, 15% EthereumETH +0.1%, 10% Binance, 10% PolygonMATIC +0.2%, 5% each for Chainlink, CardanoADA +1%, the NEARNEAR 0.0%Protocol, PolkadotDOT -1.3%, FilecoinFIL -0.7%, Uniswap, CosmosATOM -0.9%, CronosCRO +1.7% and AptosAPTOS +1%. They also like the new permissionless layer 1 blockchain Sui, but it’s not available to investors yet. They are bearish on LitecoinLTC -0.7%, Stella Lumens, Eos and MoneroXMR -1.7%. “I wouldn’t recommend investing more than 1% of your crypto portfolio to them,” Andryunin warns from his Lisbon office a few days before Christmas.” So BTC/ETH leading the way with some possible BNB, MATIC, then some of ADA, LINK, DOT, ATOM, UNI, NEAR, and Fil rounding out the majority.
> Does anybody use ETH L2s for something else than trading their native tokens? Well considering the biggest L2, Arbitrum, doesn't even have a native token then the answer is obviously yes! In the last 24 hours it has had over 290,000 transactions, made by 55,000 accounts, about 10,000 of which were new. That's just in a single day... There are about $2.9 **b**illion worth of assets on the rollup, which for comparison is about 30x more than Bitcoin's Lightning Network. A little over $1 billion of that is being used for DeFi, making it the 4th biggest chain for DeFi (with a higher TVL than Fantom, Solana, NEAR, Algorand and Cardano combined!). All of that without a token/native asset. Hope that answers your question! * https://www.orbiter.finance/dataDetail?nav=Rollups * https://defillama.com/chains * https://l2beat.com/scaling/tvl/