I agree with him having Bitcoin should be everyone's priority. Personally I like having a mix of Bitcoin and altcoins like ETH, BNB, MATIC, ATOM, NGM, EVMOS in my bag. Altcoins provide higher ROI if done properly.
Staking, in my opinion, is preferable for a novice because trading calls for technical knowledge that I doubt a beginner possesses. Great post by Simplehold, still my favorite secure crypto wallet to hold MATIC, NGM, and ETH.
Mining to get free crypto if you don't count the cost of the mining equipment. Staking if you want to earn more crypto with your tokens/coins. My choice is actually staking and I stake a number of crypto like ATOM, NGM, JUNO and EVMOS.
If you have 40% of your portfolio, whatever you put the 60% into will determine if your portfolio is perfectly diversified. But as a piece of general information, 40% isn’t bad as long as it is not in a single token. For me, a bulk of my crypto portfolio is in fundamentally solid projects like $DAFI, $CARD, $NGM,$BNB, etc. It's tough not to be bullish on $NGM because e-Money undergoes quarterly audit by E&Y. That’s transparency at its peak.
NGM has the potential. Too many cases of stablecoins losing their pegs this year but NGM offers five fully backed and audited stablecoins. The EEUR stablecoin is the most popular. I believe with adoption of the stablecoins, NGM will see massive value accrual.
Obviously, there are several indications that the bear market will soon be over, and it's no surprise that many are developing the fear of missing out (FOMO) at this stage. I think this might be a good time to FOMO, not when the market is fully bull. For me, I have been hodling on projects like $ADA, $BNB, and $NGM. I might FOMO on $NGM now that it is still on discount, rather than when it is back up in the looming bull season. FOMO isn’t always a bad thing after all.
I think hodling will pass for one of the most common advice and strategies in crypto but many seem to underrate the simplicity of buying and hodling. Just DYOR research and be keen on the use case of the project. For me, I am big on transparency, use cases, the integrity of a team, and the community. That explains my obsession with $NGM as payment is my typical use case. The quarterly audit by E&Y also speaks volumes about transparency.
I couldn’t agree more. Payment has always been on the road to massive adoption. Even for fiat, exchange of value is the primary purpose and that is no different for digital assets. That's a pointer to prioritizing payment processing crypto projects like $NGM. Even if governments will choose crypto over fiat, some compliance will be required. To have E-money full compliance is something.
I like to stake ATOM, NGM, JUNO and EVMOS on Keplr Browser Extension. I also like to take part in data farming in the OCEAN Market. There's a new veOCEAN staking which is set to be released in September. veOCEAN will reward OCEAN hodlers and data farmers.
I don’t know why it took these countries all these years to realize that crypto will bring them all freedom. After missing out on several industrial revolutions, no country should be missing out on crypto. All they need are transparent and legitimate projects focused on payment. A project like $NGM which is focused on payment will be very useful here. It is also EU regulation complaint, and quarterly audited by E&Y. Most governments will be comfortable with that.
I think it’s a good time for investors to take long-term positions, especially those willing to DCA if prices drop further. That's exactly what I’m doing with CARD & NGM. For NGM, e-money is on the verge of gaining massive traction given its continuous adoption by different crypto and gaming platforms.
DYOR is a code I have lived by in crypto and if I do my research and I am convinced about a project, I will always continue to DCA even if the price keeps dropping. I think that is my accumulation strategy. Keep buying especially when the project goes down. Projects like $BNB and $NGM have my conviction any day. I am not surprised that $BNB is on the rising now and it won’t be a shock when $NGM sets a new ATH, especially when the market is back in the bull market.
Staking is something I recommend in the bear market because it gives some stability and the risk is minimal to some extent. There are many projects out there but I always look at the liquidity pool and the relevance of their products. For example, $NGM does it for me with 24.47% in APY. This is best for me because of the transparency track record of e-Money, especially the quarterly audit by E&Y.
The amount of money you need depends on what your bear game plan is. Staking is stable but won't fetch you much. The game plan for me is to invest in alts like $BNB, $ADA, and $NGM. These are coins with real use cases and vibrant communities. For example, $BNB and $ADA have a lot to offer with several products lined up. $NGM is one of my best buys because payment processing is still one of the fastest ways to achieve mainstream adoption in the crypto space.
This is no news to me. Money is in the digital phase and world governments have to start adjusting to it. This further proved that payment is the way to massive adoption and this is a green light for payment processing crypto projects. The future of crypto/digital payment will definitely feature BTC and some other alts like $NGM which are also about payment. E-money’s stablecoins that are regulatory compliant will have a future here too.
Already accumulating ATOM and OP. Will be adding GMX pretty soon. Others include but are not limited to SCRT, NGM, METIS, AZERO. Ngl lots of option in the market right now, this is actually time for research.
I'm a big fan of the COSMOS ecosystem so I'm going for three of their coins: EVMOS -Cosmos OSMO - Cosmos NGM - Cosmos OCEAN - ETH & Polkadot DOT - Polkadot/ETH CARD - ETH The upcoming ETH merge is also one to keep an eye on.
This is why it's important to invest in only projects with long term potential and to also treat them as long term investments. I wouldn't sell my BTC, ETH, ATOM, NGM, MATIC nor BNB at a loss irrespective of their current prices. Long term they are going to get back to their previous highs.
60% down presents a good opportunity for those who are looking to buy cheap and hodl for the long term. Most altcoins are like 80% down from ATH so it's only smart to buy them while they are still cheap, especially those with solid fundamentals like CARD, OCEAN, GTH, POLS, NGM, etc.
Stablecoins is solving the price stability issue and it's best suited for payments. This is why I'm excited about NGM's stablecoins payment platform with EEUR and 4 other stablecoins which are fully collateralized and audited quarterly by Ernst & Young.
I'm least proud of Luna, I lost some investments in it. My biggest buy that I'm proud of is ETH, SOL, BNB, ATOM, and NGM. I heard a good run with these projects. I'm still holding the likes of ATOM, BNB, ETH, and NGM while staking them.
I will say we think alike in some ways because $SOL, $AVAX, $ADA, and $MATIC are making my list. Although I might throw in some $NGM in there for good measures. I always have to put in $SOL because of their huge community and ecosystem. Also, $ADA has great potential. $NGM will make the list because payment is still the holy grail of crypto massive adoption.
Judging off current developments and use-case: ATOM DOT ALGO SCRT VRA Considering the ever-growing stablecoin interest I will put NGM among the above. They are the issuers of EEUR, ECHF, ENOK and a few other European currencies.
If I have to invest $500, I will only be DCAing on futuristic projects with great potential like $CARD, $BRKL & $NGM. It’s not every day you see a properly audited crypto project completely backed with actual bank deposits and government bonds. The most interesting part is that the new EU regulation of cryptocurrency puts stablecoins such as EEUR, ENOK, ESEK, ECHF, etc at the forefront of massive adoption in Europe.
If I make 50 million dollars in crypto, I want to be sure I have finally passed the poverty threshold and nothing can send me back. I am spending 5% on a project I believe in with a low market cap so I can watch it jump to the moon. 30% in fully collateralized stablecoins to avoid tales by moonlight as UST did. That would automatically leave me with $NGM European stablecoins such as $EEUR and $ESEK. Don’t worry about what I do with the 65%.
Mụ strategy includes kepping a stablecoin bag and DCAing into ETH, BNB, ATOM, NGM, MATIC and some other top crypto projects from time to time. I like to have BUSD, USDC and EEUR stablecoins as they are the top fully backed stablecoins in the market right now.
Well, I've been doing a lot of study during this bear, and I haven't seen any remarkable gems like that; top caps like ETH, ATOM, BNB, SOL, MATIC, and so on are still the best, in my opinion. Though I think OCEAN, which Mercedes-Benz is using its data tech, and NGM, a leading stablecoins issue built on Cosmos that are utility-driven, are both worthy as well.
I see what you did there buddy. Funny. I always see retraces as an opportunity to buy more of my favorite tokens by DCAing too, especially in this bear market. A bag filled in the bear could make one bull’s top gainers. This explains why I won’t stop bagging $BNB because of Binance backing. So also is NGM, together with the e-Money suite of stablecoins, already backed by the European governments.
Crypto makes payments way easier. Most people agree that stablecoins are going to be a very important part of crypto so it makes huge sense to invest in issuers. Especially when the stablecoins accrue interest like the NGM ones do.
I'm glad you agree with my choices. I have also been looking for where to stake my EEUR stablecoin although the team recently partnered with iBRING Finance, a staking platform to enable the staking alongside NGM which is the staking token of the project. Is Spool limited to some stablecoins or any stablecoin can be staked there?
I didn't buy anything today. I only DCA at the end of the month into my long-term web3 and DeFi projects like ATOM, MATIC, NGM, and FIL when I get my paycheck. Also, the market is up lately I don't think now is the right time to buy.
It's really funny how people only want to ape when it's green. I've been accumulating in small amounts ETH ATOM SCRT NGM which I already hodl. Will add new tokens in another crash. For now looking forward to converting some profits to EEUR 😋
Starting to consider JUNO once again, I had initially moved everything over to SCRT and NGM (both super undervalued) after the juno whale issue which inevitably led to the price cascading. EVMOS also doing the most. ATOM remains the one to beat.
Seeing the likes of ETH, OCEAN, NGM, ATOM, and SCRT up last week got me surprised even though there was a fud from Russia about banning crypto. I feel it's just the market bouncing back from the previous dump. I hope it's not another bull trap.
The best time for short-term and midterm traders to ape in was when the market was red and then take profits on relief rallies like this. Since I'm a long-term investor, I'm focused on staking, DCA, and research, both on the crypto markets and projects that I find interesting like NGM, FLD, OCEAN, and GMX.
It’s over ten years already and I believe institutions are just about late to adopt crypto, they are welcome anyways. Payment is expected to be the massive adoption ticket of crypto and with projects like e-money, the reality is much closer than it seems. For a global payment solution offering instant transactions at the lowest fees around, $NGM is constantly redefining the concept of transparency which is something crypto must get right to get institutional backing.
Very few projects will survive. The 2 blue chips will survive (ETH and BTC). I also expect Cosmos Big 3s ATOM, JUNO and OSMO as well NGM, a leading issuer of backed and complaint stablecoins but outside the big 3 to survive.
People act like these tokens have to reach ATH to make a profit now. That's for those those who bought ATH. But if some of the projects in here are actively developing, they'll pump good in the coming bull Especially fresher bloods, looking at cosmos ecosystem for some of these, ATOM SCRT NGM EVMOS. A lot of older tokens from the older bull runs didn't have sustainable utilities tbvh so deserve to die off over time.
Looks like we’ve got a lot in common here bar ATOM. NGM has been garnering a lot of attention since the UST crash, stressing the advantages that collateralized stablecoins have over collateralized ones. EEUR has seen a surge in daily trading volume ever since. Ocean protocol is probably one of the most undervalued altcoins out there, given how much much of embracement it’s gotten from the big data-driven firms. The OCEAN ONDA v4 upgrade has also come with new introductions like Data NFTs, Data Farming, etc. ETH and MATIC are already widely accepted, and it can only get better from here. Maybe it’s high time I gave ATOM more attention. 🤔
With the LUNA-UST crash, rug pulls, liquidation of major exchanges, and continued attempts to regulate crypto ecosystems globally, this might be time for accountability, and the top gainers could be transparent and compliant projects. This explains why I can stop DCAing on $NGM because the project has been fully compliant with EU regulations even before they were enacted. There could be a massive market for the e-money suite stablecoins like EEUR, ECHF, EDKK, ENOK, and ESEK.
If it makes you feel good, Amazon is down 38%, Apple by 25%, and Meta by 52% and it shows that the crypto market isn’t alone in this bear season. The best way to win big is to DCA and Hodl till these digital assets surpass their ATH later. That's my trading strategy with $NGM. For me, the partnerships have been a manifestation of the real-life use case of the project. For example, the teaming up with ReTok to tokenize shares of a professionally managed portfolio for real estate. The full compliance with EU regulations and quaterly auditing shows transparency shows the project is ready for massive adoption.
The experience has been the thing that has kept me going. The fact that I once went through the worst in 2018 and recovered gives me great belief in the current market we are in. Now, I'm trying to avoid the mistake I made then by accumulating more solid fundamentals like ATOM, NGM, OCEAN, MATIC, and ETH for the next bull run.
This I saw a list of projects launching on cosmos ecosystem in coming months and was wondering if we were truly in a bear market. Over 20 projects lined up. Already bullish on a couple there long term and staking them, also a part of the community and learning a lot. I think the ecosystem has the best random learning potential. SCRT, JUNO, NGM, EVMOS all solid with unique use cases that don't coincide. IBC isn't talked about enough in the crypto space.
Be proactive with your method. You can make money by staking fully backed stablecoins on Defi platforms or investing in fundamentals like ETH, BTC, ATOM, NGM, OCEAN, and SOL while staking them. As they say... Patience gets rewarded!
Trading in the bear market is not something I would recommend. You can make money from staking EGLD, BNB, CTSI, OGN, etc on Binance or ATOM, NGM, EVMOS, SCRT, ROWAN, etc on Keplr Wallet, the gains are decent. Another way is by participating in giveaways like the one FLUID is running right now
Because there is no 1:1 peg between stablecoins and reserve in the way we usually understand it, instead there is a "dynamic peg" (an exchange rate that both buy & sell stablecoins against the underlying currency). You are right that the current exchange rate is 1 EEUR = 0.955415 EUR at present. That means, if you spend 100 EUR to buy EEUR today, you will receive 100 / 0.955415 = 104.666558 EEUR. If you decided to sell those EEUR back immediately, the exchange rate would remain the same and you would receive 104.666558 \* 0.955415 = 100 EUR. So no loss of value. The exchange rate is affected by two things: 1) The interest NGM receives (or pays) on bank deposits for the currency and 2) The 0.5% inflation on stablecoins that you should have seen mentioned.
If i have a thousand dollars right now, I am putting all my money on $NGM. The reason is somewhat simple, I have certain criteria when bagging my projects and this particular one ticks all boxes for me. Showing resistance against the dominance of BTC makes my decision easier. The regular audits by a big four auditor shows transparency and integrity. Also, collaboration with Gameverse is promising. It may just be the easiest $1000 investment.
The safest I've seen has got to be NGM's stables (EEUR, ECHF, ENOK and others). They are backed by the respective fiats they represent in sufficient deposits. Not so popular but they've been upping the pace of adoption and partnerships. Celsius is also introducing EUROC so that could help propel NGM forward as a better backed alternative. BUSD, USDC, DAI has been pretty stable despite the underlying risks which I think is inherent in just about anything financial.
A year or two. The dips happened really fast this period, so we could be close to the bottom now. I'm starting to DCA, no one can really predict the bottom. AAVE, DYDX, BNB, OP, NGM, ATOM, JUNO dips are good to buy some now. NGM team EU currency stablecoins is the most transparent in the stablecoins space.
Not everything will bounce back but some are more likely to survive the bear, and that’s where relevant use cases and solid fundamentals come in. Imagine a coin like e-money’s NGM, whose use case involves issuing collateralized and 100% government backed stablecoins like EEUR, ENOK, ECHF, etc. There’s a big chance that it will keep growing with time as more people come to terms with the advantage that collateralized stablecoins have over algorithmic ones.
The next couple of months is crucial to the market, especially what it could mean for investors confidence. Staking and earning passively may just be the smartest thing to do RN. For example, I’m earning about 20% staking e-Money’s NGM while making efforts to increase my bag at every opportunity. ETH is another one everyone should be picking RN giving the updates coming in August.
ATOM has a future. IBC, interoperability are among the great features of Cosmos chain so yes it's hot a role to play here. You can DCA at this low prices and also look at other projects in the Cosmos ecosystem. I will recommend JUNO, NGM, EVMOS and SCRT
e-Money has been issuing some European stablecoins since last year, fully compliant and there hasn't been any backlash. If NGM can do that successfully so can Circle obviously. This will help euro stablecoins become more popular, glad I bagged NGM😎
Yes. I'm buying the dip gradually. The biggest mistake of buying this dip is going all in at once, it's risky but DCA from time to time is a better move. I added some ATOM, NGM, DYDX, AAVE, JUNO dips My staked NGM is yielding 23.9% APY, JUNO is over 100%. The plan is to compound the yields and keep staking.
SOL should use this time with reduced pressure to fix their broken chain, I had high hopes with that one. Still do. I'm willing to bet that cosmos eco projects too will bounce back as they're majorly L1s themselves, and actively developing. Can easily see dev activities with ATOM, SCRT, NGM, EVMOS. Proposals flying in too. However, anyone thinking this bounce will be swift should tone down expectations for their own sake.
The plan hasn’t changed, try to reduce my average buy price while exploring staking options. Staking is a smart way to earn passively given the current market condition. Platforms like e-Money is offering about 20% APY on NGM, DAFI features about 40%, AIOZ also features around 15%. I’m the grand scheme of things, always keep some stablecoins for the dark days like we had yesterday.
-Zoom out and see the bigger picture. -DCA gradually into your favorite coins and try to reduce average buy price of prices drop further. Only invest in fundamentally solid coins with relevant use cases. Explore staking options; you can earn about 20% staking NGM, about 15% staking BRKL, 7% on ZIL, 10% on YLD, etc.
I think everything will bounce back alike. I took yesterday’s opportunity to increase my stake in AIOZ, NGM and CARD. NGM is featuring a wide range of government-backed stablecoins like EEUR, ENOK, ECHF,etc, some of which are already listed on exchanges. Taking long term positions on these trio, I’m happy to stake and earn passively as well.
I think NGM is really undervalued and needs more exposure. They are really the first truly stablecoins in crypto, backed by fiat and government bonds. Anyone that knows their onions will be investing in this specially if other stablecoins fail, this will reveal e-Money for the undervalued project it is. Kudos on loading up that one
Very few crypto are even worth the risk of sitting out in. Not because they won't drop but because they at least have chances of recovering. Apart from the obvious BTC and ETH, very very few. Averaging down on my favorite usable alts and focusing less on price and more on development. SCRT, OCEAN, NGM... Will be looking to buy in more when BTC hits rock bottom. Sometimes patience is they key. Both when you're hodling or waiting to buy.
The attention right now is on the fear and fud in the markets. I've cried for my portfolio and moved on. Now I'm blocking the noise and extrapolating opportunities. GREEN and NGM mention are 2 of those so far. The only way for green is up considering how low it has fallen. As for NGM, it's been adoption upon adoption for their EEUR (& others) stablecoins, ReTok and X protocol the latest beneficiaries/partners. I'll keep on researching, better way to pass time in the storm.
Whether to DCA or take loss depends on a lot of factors. But if you are greatly convinced about the fundamentals and products of a project, it’s easier to DCA because you know its a discount thats a solid trade action. For example $NGM holds my biggest bags and it only make sense to keep DCAing even if the market takes a dip. A project with infrastructural solution to NFT, DeFi and Meterverse will eventually go up at the right time.
I think the projects on Cosmos try to at least solve a particular niche problem to a larger extent. I have EVMOS and intend to get more when the price drops further. Same goes for some other cosmos eco projects especially SCRT and NGM. e-Money is quite unlike traditional crypto projects which have very little real life value proposition. Being the primary issuers of European based stablecoins gives it value especially with the inclusion of the buyback mechanism. 99% of crypto project tokens don't have that value proposition.
This is just it. And I review my DCA strategy from time to time. Depending on the market conditions before I deploy capital, otherwise I just compound my stakes or cashout to stables. Though I feel like the latter is the safest option right now, I'm mostly cashing out rewards for now with the exception of NGM which I expect to have some action with the attention on stablecoins.
Honestly they are, and bear market are the times to scoop up solid projects for cheap. Asides green, still got a few I'll be looking at even in the short term, like e-Money, stablecoins have become a big topic in crypto with UST failing and USDT fud running out of proportion. NGM stablecoins include EEUR which is gaining a lot of traction recently. It's not a surprise though as the stablecoins are backed by the corresponding European fiat and bonds, they're also audited by E&Y on a quarterly basis too. Fundamentals are important now more than ever.
True. The issue was bridges (Gravity and Axelar) weren't up back then and therefore UST was pretty much the only stablecoin on the ecosystem. It's closest competitor was NGM (e-Money) but their footprint on the ecosystem wasn't anywhere close to Luna's. Now the eco finally has DAI via bridges, which is great news.
Tokenisation of Natural Resources is a new one to me but one cannot blame an economy trying to stay ahead to develop its nation. If you missed out on three industrial revolutions, you definitely will experiment with blockchain technology (the future). Luckily for Central African Republic, Projects like $NGM has already developed a stable coin for real-estate tokenization. This could be a jackpot for other third-world countries trying to develop to first world.
I prefer POS staking now, most of what I got staked are long term holds (I know I know, holding through a bear market😩), but I decided to do a bit of every strategy. So I'm mostly staking on the cosmos ecosystem through Keplr wallet, APR differs but very reasonable, SCRT 15%, ATOM 11%, ROWAN 184%, NGM 23% (this by far is the most stable price wise, proud of it). I still got other L1 like ProtonXPR staked. Cons of POS staking is the unbonding period which varies from 14 to 21 days.
I'm betting on Cosmos to be the next wave among new projects. No one needs to win Parachain auction before deploying on Cosmos and there are a number of top projects like OSMO, JUNO, NGM, CRE, SCRT already built on it.