Near is another obvious Ponzi and will fail the same way that Terra-Luna did, only slower. The key thing to understand is that $NEAR doesn't necessarily have intrinsic value. It is supposed to be the collateral for USN but in a contracting market, nobody wants to have that collateral in their pocket. This will result in a similar price crash as Luna, and suddenly this reserve fund (holding mostly Near) will be pretty worthless.
This is my first Experience of a crypto bear market and I feel excited about it. My focus is stacking up for the next bull cycle which we ain’t sure when it’s coming. I don’t have that much cash flow so am DCAing monthly into some gems I find promising. For now am focused on ALBT because of their DEX launch. then I might move to NEAR and DOT.
I like the tech but when I invest in alts I only look at BTC price as most coins underperform BTC long term So Near is at 20k satoshi which means it is still overperforming BTC by 400% in the last year or two I see the floor at 5k sats and perhaps would start buying below 9k in small percentages and would even left something if it brakes that 5k floor Most small alts have already touched their historic bottoms but now we are seeing bigger ones fall too. Especially the ones who are going through the first bear market The only one that remains steady is ETH. Which means ETH is no longer an alt or it will go last before the market reverses TLDR - if you have spare cash and it is itching you to invest perhaps wiser to buy BTC and wait for NEAR to drop in BTC price
>NEAR differentiates: it’s ETH 2.0 sharding on steroids + Solana’s speed + Avalanche’s EVM compatibility + Polkadot’s parachain shared security (but cheaper) + Cosmos’ IBC-compatible app-specific chains. Not to dampen your enthusiasm but this sounds like just too much marketing optimism Is there any trade off for achieving all that ?
Accelerated vesting was keeping price stable but it’s now over and it is not necessarily bad to have price stability at some point (maybe not in the middle of a bull run). In general I prefer fixed supply coins, like ADA, that’s why also NEAR inflation doesn’t look very attractive
Bought a little NEAR, ADA & ROSE. All staked Wasn't much, as alts are clearly on fire, but feels good to accumulate a bit and add to stakebags Reminder: Last bear market didn't enjoy staked assets, so this downtrend shouldn't be as bad as everyone's preparing for Be careful not to underestimate the asset class' resilience this time round. Things have changed
AVAX looks finished, DOT is underwhelming, ADA is vaporware. SOL and NEAR are holding up for now but all it takes is one bit of FUD on either and they're gone. Honestly of the top 20 the one I can guarantee will still be there in years is DOGE lol.
Adding LUNA? Why would you choose LUNA for crying out loud, i really want to see the picture from your end on the reason behind your choice of LUNA also i would have suggested you pick some gems within the NEAR ecosystem, one of which is DEIP; smart innovation with their decentralized creator economy.
Ahhh thanks man. I use DeFillama here and there, but starting to delve more into the NEAR ecosystem. Being and EVM chain is deffo a must for the future I believe, so just wanted to approximate a value for Aurora EVM as the tokenomics are awful. You’ve deffo helped me today tho. Need more people in the space like you 👍🏽
Well you might not care, but I confused myself between a blockchain and an EVM. E.g Aurora is an EVM on NEAR. So I was wondering what EVM Avalanche uses, but then realised that the TVL in Avalanche is down to its EVM mostly. Which means I can base my investments from these blockchain valuations. This really helped tho, so thanks again 😂😂
Everyone has the liberty to do what they want to, especially this discounted season is one way I can buy my most preferred tokens at a low price by this I mean GMT, NEAR, EGLD and RIDE (Holoride). I'm well packed for the next bull run.
SOL has broken at least 9 times to date and one of the main validators left a couple days ago and dumped all of his coins. The same VC that backed SOL also backed LUNA. The same shills on youtube backed both projects as well and were likely paid by those VC backers. I don't think SOL is going to make it but I think more stablecoins will fall first. Fortunately, I sold my SOL for NEAR and ICP a long time ago, so I'm safe. Both of these chains use sharding/subnets to scale, which is a much better solution than proof of history and nodes with astronomical requirements.
Rough week, I know there isn't much in the form of good news out there recently but on a positive note I am looking forward to the ETH merge, it's fast approaching. I've also been considering opening positions in NEAR and KSM.
Well frig...I was just 5 minutes away from buying some more ONE. Well, i'm going to get some Algo and i'm thinking about GRT & NEAR. I've contemplated spending 0.70 cents on Luna too but idk if it can be brought back from the dead!
tldr; Rainbow Bridge, a crypto protocol linking Ethereum to NEAR Protocol, successfully thwarted an attack last week. The attacker laundered ETH through Tornado Cash then attempted to use the ETH to become a relayer for Rainbow Bridge. Rainbow Bridge expects attacks like this, so it operates an automated watchdog. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
I’m a blockchain developer (smart contracts and core dev) and I’ve been in the crypto space for around 4 years. So far, I’ve worked for Cardano, I worked in the Cosmos ecosystem (Cosmos, Terra, Iris), Ethereum ecosystem, Polkadot ecosystem, NEAR ecosystem, dfinity ecosystem and currently I’m working in the Solana ecosystem. So far, Solana is my favorite, I don’t think it’ll ever go away. Sure, it has its issues with stability, but they’re actively working on it, and it’s only getting better. It’s a lot more stable already. They’re improving all aspects of the chain and they’re getting ready to release a new major version. I’ve been in the Solana ecosystem before their mainnet and I can tell you that it has greatly improved over the years. These issues are minor compared to how things were in the beginning. Also, it’s way more decentralized now than it ever has been, the superminority was 6 validators in the beginning, now it’s more than 30. Now, for the actual question, I have my doubts about tether (although it’s probably fine, but I hold usdc instead). Also, I don’t like XRP. But I believe most of the bigger players will survive this, meme coins, I’m not so sure.
This guy’s speaking the truth. But one thing to not overlook is in the previous market, there weren’t as many needs for new coins. Most of them were competing L1 coins. L1 battles are still ongoing with new entrants coming and going. Projects like Polkadot, , Solana, Cosmos, Algorand, Harmony One, NEAR, ELROND etc along with battle tested BNB, Cardano, Stellar etc. A few of them will survive. Others will go into oblivion of 100+ in coin ranks. Then there’s an infrastructure level requirement that arises due to many people wanting and trying to build useful applications on top of these L1s. You need LINK for fetching almost all real world data. You need GRT if you want your Dapp to have quick access to blockchain data. L2 coins are also infrastructural coins. You want to scale your dapp to let most people use it, you need an l2 like polygon. Thorchain for an interoperable bridge across L1s. Arweave/Filecoin for storage(all NFT files are stored in these two). Picking a winner is tough, but sensing who can fill what role by understanding the gaps in the current technology will help make a better bet. Then there is the application level. Which app is where people are spending money on? uniswap sees daily trade of over a billion dollars with the option to earn around 0.05% of the trades in fees, you can see how large its revenue could be. Or curve, for stable assets. This is even harder to do. Since the code is open sourced, someone better could come along the way with a way better product. And some of these projects have terrible token economics and are doomed to fail even if the project is good. So if you don’t have the time to research, understand technology and economics,buy BTC and ETH. You will do fine.
It’s intrinsic transaction representation model, UTXO, derived from Bitcoin, can’t support useful smart contracts with ease, efficiency or performance in contrast to state machines. Cardano is old, from 2017 or earlier era. VB invented the state machine for Ethereum and every other chain and system with capable smart contracts does it that way. Hoskinson was jealous of Buterin but wasn’t an actual deep technologist. Look at the immense difficulty Cardano has had to support a simple DEX, despite taking years. Tasks easy with a state machine are very difficult with Cardano, plus it has a very difficult development language. There are so many systems which have good ideas and implementations without Cardano’s huge flaw. There are good ideas in many diverse L1s, Kadena, Radix, Avalanche, Fantom, Harmony One, NEAR, Hedera, Elrond, Tezos, ICP, EOS(!), Ethereum of course, and a boatload of smart in Algorand.
I don’t invest loosely so I’ll hold on to my Alts. Each one of them has solid products that will help keep them on their feet regardless. For example, DEIP builds web3 infrastructure. OCT has appchains. NEAR builds the web3 ecosystem.
Really wish every crypto investor out there would see this. Because we all tend to ignore this and focus on greed index. I’ve been DCAing into ALBT and NEAR for a while now and even if the market doesn’t look so promising, these guys keep building on their ecosystem which makes them more promising for the future
I vote for NEAR. The tech is solid and so far hasn’t broken like most other L1s. I also think being US based is going to be an advantage after this. Regulation is coming and US companies with good lobbyists are going to have an advantage.
Avalanche is still the best blockchain technology in my opinion. Solona, and NEAR are technically interesting too, but as a dev I see so many opportunities that subnets enable. I'm going to keep developing for Avalanche, and if it crashes, i'll top off my bags.
For platforms built better, there is a lot of hope Look into NEAR and Cardano for examples of tech that will survive Objectively robust foundations are key. Unfortunately Terra fell victim to its own inter co-dependant ponzinomic structure N.B. saying things like "anyone who knows anything about crypto" is an informal fallacy. See "no True Scotsman"
LMFAO so true! I don't understand why they even try and who's actually falling for these?? So important to DYOR in crypto, check backings etc. If someone really wants to get into web 3, there's so many well established projects like OCEAN, DOT, ETH, NEAR, DEIP. Even backed by investors like Au21 capital or partnered with ones like Blockventure.