Last November I bought 100,000 SUSHI for $50,000 for no reason other than I like sushi (the food) and saw that the price had massively dumped. I sold at $0.60 for $10,000 profits within 1 day or so...pat myself on the back and rewarded myself with the finest grocery store sushi in the land.
tldr; Harmony's Horizon bridge has been hacked, stealing $100 million in cryptocurrency. Tokens including Wrapped Ethereum, AAVE, SUSHI, DAI, Tether and USD Coin have been stolen from the bridge and swapped for Ethereum. The hack is the latest in a series of hacks that have stolen hundreds of millions of dollars from cross-chain bridges. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; The Real Vision Bot is revealing its latest portfolio allocations as Bitcoin (BTC) and Ethereum (ETH) weather high volatility. The bot's data shows that traders' risk appetite is at an all-time low, with 60% of participants voting to overweight their portfolios with Bitcoin and USDC. Other prominent digital assets that participants voted as ‘overweight’ include Chainlink (LINK), smart contract platform Fantom (FTM), and decentralized exchange SushiSwap (SUSHI). *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
I think that decentralized exchanges will boom in the next cycle, people unfortunately got the meaning of not your keys not your coins term. I think in the future UNI KDX SUSHI and similar will prosper and in Wallet section there is allways Metamask and Xwallet from Kaddex.. Volatility is hard, hope we passed it by and the toughest drops are over.
What are your newest 'moonshot' purchases? By moonshot I mean coins that you don't have any cult-like belief will succeed but that you know mostly likely will fail. But there's an outside chance they might go 10, or even 20x or 50x so you put no more than 100 bucks in it and buy no more than 10 such moonshots. Like better than a lottery ticket but not much better! :D I'm thinking about buying: ICP, WAXP, XNO, FIL, GRT, SUSHI, KDA, ALGO, IMX, ENS. What about you?
tldr; Phuture has launched its first crypto index product, the Phuture DeFi Index (PDI). The index invests in seven DeFi assets, with the largest allocations going to Uniswap and Aave, followed by Lido DAO Token (LDO) and Compound (COMP). Other assets include Yearn.finance (YFI), SushiSwap (SUSHI) and Alchemix (ALCX). *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Several decentralized finance (DeFi) cryptocurrencies including Uniswap (UNI), Sushiswap (SUSHI), Chainlink (LINK) and 1inch Network (1inch) have suffered heavy losses over the past 24 hours. UNI, the native token of the popular decentralized exchange (DEX) Uniswap, has dropped over 8.7% over the past day and is currently trading at just over $5, according to data from CoinMarketCap. The token is the 22nd-largest cryptocurrency with a market capitalization of $3.7 billion. UNI has dropped over 88% from its all-time high of $44.97, recorded in May 2021.
That FTM pump is a bit strange. All of my coins have been crabbing in a range since the big dip on the 11th. In fact, they all have similar chart patterns. Except FTM which is at it's highest point since the 11th, 10 days ago. It busted through the top range. So I checked the charts to see which of my coins were near the top of their crab range. Only SUSHI and LRC. Hmm...wonder if it means something...
I'm clueless, I bought a bunch of DOGE and managed to get my money back. I then put it in other crypto and it all seems to be doing terribly. The first number in brackets is how many EUR I put in, and the second number is the current value. MATIC (187) (98.22) MANA (50) (44.64) DOGE (105) (33.85) DOT (45) (30) MINA (50) (11) SHIB (26) (9.57) XLM (50) (11) SUSHI (25) (4) ADA (25) (5) It feels pointless to sell at a loss, so I guess it'll just sit there and hope there is some upturn in them.
Buy ETH and it's like you're investing in all of them. The main problem with a lot of dex tokens right now is many don't actually accrue value from the protocol (ex UNI) and/or they suffer from lots of dilution due to inflationary (SUSHI, CRV) rewards. If you can afford working with Eth mainnet, Crv , put into veCrv or vlCVX are good options if you take advantage of bribes like with Votium or Hidden Hand. veBAL is another option for bribes although veCRV is still the main target of most bribes. If you can't afford Eth mainnet, then GMX on Arbitrum is one of the few dex tokens which does actually accrue value from the protocol, but you should do your own research to make sure you're comfortable investing in it.
Of the 3 you mentioned, GMX is the best IMO. UNI will likely never turn on fee sharing due to regulatory fears so it's just a worthless governance token. SUSHI is better and does fee share with xSUSHI holders, but it's a fairly low percentage (.05%) and as you can see from token performance it hasn't had a huge effect on SUSHI price. GMX on the other hand has a lot of mechanisms designed to drive value to the GMX token, which you can read about here: https://gmxio.gitbook.io/gmx/tokenomics https://gmxio.gitbook.io/gmx/rewards I don't personally hold any of these tokens and I've used all 3 platforms in the past.
Im about 70-80% liquid since december I think? I sold at 50k after the big drop to 42k and waited for the bounce to close. I'm holding 8% BTC, 5% SOL, 3% SUSHI and 4% DOT. I like the projects and I will hold despite anything. But I wanted to be liquid to buy during th bear market and economic crisis
Need help identifying fail cases.... Index token fail cases? (C20, DPI, TCAP) I've been looking into crypto index tokens, tokens that track a weighted portfolio of other crypto assets. For example TCAP tracks the total market cap of all of cryptocurrency. DPI is the Defi pulse index and tracks awaited average of Defi project tokens like SUSHI and AAVE. NFTI tracks projects like MANA and ENJ. This is all led me to wonder if all of these tokens are coated in such a way that they will retain their value relative to the market under any circumstances. Or is there some kind of bank run That could cause them to crash? Or Is there an event that could cause them to de peg? Is a hack possible? What sort of security is in place for guaranteeing the value of these tokens in 5 or 10 years? I am pretty uninitiated in all of the inner workings behind these tokens so I would appreciate any response that does an ELI5 or links to relevant articles or videos. If you believe in cryptocurrency long-term, but don't know which cryptos will come out on top, does the TCAP seem like a safe choice?
There were so many tumbles from little coins like Quartz which due to low volume is quite volatile and it’s under 2 cents now to bigger ones like Filecoin which had an absurd drop… 70% I’d say! Most of DEX coins like UNI, SUSHI and CAKE had been smashed! On the strength side, besides the usuals suspects, I have been impressed with BNBs performance
I'm converting them into ADA and then USDC/MATIC/WETH and then dumping those into other defi projects. It's not typically good to hold onto farm tokens long term as they will always lose value. Just look at SUSHI for a good example. Best to get em and sell em.
>The Hottest DeFi Tokens That You Should Look Into in 2022 AVAE protocol with AAVE token Synthetix protocol with SNX token UMA protocol with UMA token Kyber protocol with KNC token Ren protocol with REN token Sushiswap protocol with SUSHI token YEarn protocol with YFI token Uniswap protocol with UNI token Loopring protocol with LRC token 0x protocol with ZRX token Finally, it should be noted that with the recent fluctuations in the global economy and financial transactions around the world, the demand for decentralized currencies is increasing. This shows that a good future awaits the famous Defai tokens. Even now, by facilitating the lending process and giving voting rights to their owners, these tokens have been able to increase the motivation of users to provide this type of currency code and achieve a good position among other digital currencies.
I only tried using Sushiswap for some airdrop matters before, and also I got some SUSHI but already sold last year. I'm referring to the Teneo platform built under BSC network mate, where the rewards are distributed using a reflow mechanism which is recently been monitored by Chainlink keepers.
**What is SUSHI.e and what can I do with it?** I bought some SUSHI a while back and whenever I try and use it in a protocol it isn't recognized. When I look in Debank it shows as SUSHI.e. Is that because it was bought on Avalanche? What did I do wrong? And what can I do with it?
Never sold a coin yet but my SUSHI and FET are the most down, but that’s probably because it’s where I’ve been constantly buying little bits most weeks since December. Most of my other coins are up but I need to go check VET now on what I just read here as that was definitely down yesterday, but not the worst.
there is no one fits all strategy, it all depends on what you're trading, what market you're playing and on whether your convictions check out as time passes. # Shitcoins When you hold some coin just because it's market cap is low and plan to sell after a 2-3x. I put money I'm willing to lose, set a tp and forget about it until it pumps. If it pumps then more often than not I lower my tp when the wider market (btc/eth) starts showing signs of weakness, lower tp or straight out market sell. (DOGE, SHIBA, SHIT index) # Conviction Plays With conviction coins I hold & DCA, these are coins whose fundamentals I like. Fundamentals doesn't necessarily mean tech though, it has to do more with the wider market. For example I held sushi through the entire dump in September-October 2020 and kept buying because I knew Alameda was in and "food coin" narrative was emerging. In these cases I never sell until I see a major bull cycle, which means narrative builds up and penetrates mainstream. (SUSHI, FTT, SOL) # Fundamental Plays These are coins whose tech I like, nobody talks about, I buy and follow updates closely to see how team does. Sounds like a calculated bet but since 2017 fundamental plays go wrong more often than not because I think we tend to misread fundamentals when we are invested in a coin. (BCH, EOS, BSV, ATLAS, EMB) I've made most money with shitcoins and conviction plays, fundamentals have often been painfully long holds. Often though you realize a coin you considered a fundamental play is a shitcoin so you start treating it as such. For me this was BCH/BSV, got all caught up in the big block narrative then switched to shitcoin mode and exited both in shitcoin mode (sell the first pump). Same for EMB & ATLAS. I consider them all shitcoins now. If I look back I'd say conviction plays have been the best bets for me. Understandable if you think that Conviction plays depend a lot on carefully listening to the market, capturing a signal and acting on it.
#UNI Con-Arguments Below is an argument written by Altruistic-Pipe-2761 which won 1st place for UNI Con-Arguments in a prior [r/CC Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Uniswap's Cons # > UNI is a big name crypto and because of that it's got a target on its back. DeFi is arguably the largest space developing in the crypto community and everyone wants to get their slice of the pie. Competition is going to be fierce from now until eternity. > > # First Mover Disadvantage? # > While it's first mover advantage has helped until this point, we've seen example after example of first mover advantages giving away to late mover advantages. Everyone's favorite tech company has become one of the largest companies in the world by not being first. Apple is rarely the first mover but it's products still have become synonymous for the product they have compete with such as the iPod. Platforms such as AAVE were able to provide additional functionality by watching the early days of AMMs unfold and became of that will be stiff competition today and into the future. > > # Technical Limitations # > ### Gas Fee FUD ### > Let's look into what are somethings that could be a catalyst for Uniswaps downfall, starting with its fee structure. Often the first response to any mention of UNI is that because it runs on Ethereum, it's subject to Ethereums ever changing gas fees. In the world of swaps, timing is massively important to users, who are often looking to catch a sudden price movement. The nature of Ethereum's gas structure means that these opportune time are often the most expensive times to make swaps. Interacting with any Uniswap smart contract requires Gas to be paid in ETH, including providing liquidity. If gas is high and yields on your assets are low you could be looking at very little gains from providing liquidity while also not being able to capitulate in times of distress or profit in times of huge pumps. > ### Failed Transactions FUD ### > The next con of Uniswap is that transactions aren't always successful. Any attempted transaction requires gas fees to be paid, by low balling your gas fees, you could end up not being able to make the trade you wanted while still losing the money for attempting to make the trade. This coupled with the first issue can be a great way to throw away 80 bucks for no reason. > > ### The Shitcoin Kingdom ### > The next issue relates to what is on Uniswap. Because there is no cost for developers to list an asset, it means that the bar for being listed is none existent making the platform very crowded with shitcoins. These shitcoin transaction have an effect on the ETH network and can often cause huge congestion, which can lead to high gas fees and failed transactions. This is why doing your own research is so essential. > > # Liquidity Risk # > Beyond these risk there are a few liquidity risk that one should be aware of before diving head first into UNI. The first concept is impermanent loss, and is one of the biggest risk and why Liquidity providing isn't necessarily free money. It's best explained with an example. > > You want to join a 50/50 liquidity pool for DAI/ETH, so you take 100 US dollars of DAI (100 DAI) and 100 US dollars of ETH (1 ETH for simplicity) and lock them in a smart contract for that sweet passive income. And much to your surprise ETH appreciates in value and expectedly the DAI maintains its 1 USD value. Well a bunch of smart traders (more likely their bots) see that the Uniswap trading pair is cheaper than the other exchange and start doing arbitrage to make a profit. They start buying the ETH from the pool which rises the price of ETH and requires more DAI to be purchased automatically to keep the correct 50/50 ratio. Becuase of the price increase the ratio has gone from 100 DAI / 1 ETH to now 110 DAI / .9 ETH. You get excited about how much ETH just pumped and decide its time to take some profits into SHIB. When you go to take out your ETH your 1 ETH is now .9 ETH and the yield hasn't come close to making up the difference in lost ETH, you end up selling for break even with a great lesson learned on Impermanent Loss where you would have had a nice profit for a SHIB bag had you just held. > > # Centralized Governance FUD # > Let's now dive into my favorite FUD, The UNI governance system and centralization. Centralization and Governance Tokens are a huge issue. Take for example the UNI proposal for a DeFi Education Fund. It was proposed by a UNI whale, the Harvard Law Blockchain and Fintech Initiative, which held over a million UNI tokens, more than enough to make sure the proposal passed with a little help. When it passed they were gifted 10 Million in UNI, which they liquidated, essentially printing themselves 10 Million Dollars. Why should me, the lowly little UNI hodler be responsible for funding an organization that will advance the whole DeFi industry, where is the SUSHI hodlers contribution. How else could this be abused to pass proposals that don't have what's best of community in mind? The UNI token distribution is one of great interest to me. Was the UNI Air Drop a fair Genesis? Will more bad actors use the governance system as their own personal piggy bank? > > # Conclusion # > Only time will tell if Uniswap will continue to lead, but between the current pending lawsuits and a wide array of competitors that can look right into the Uniswap open source code, it might be a bit premature to claim victory. ***** Would you like to know more? [Click here](/r/CryptoCurrency/comments/og2r4t/rcryptocurrency_cointest_top_10_category_uniswap/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Uniswap) to find arguments on this topic in other rounds. You're invited to participate in this contest. Winners are awarded moon prizes if they win. The moon prize allocations are 300 moons for 1st place, 150 moons for 2nd place, and 75 moons for 3rd place. Winners are also assigned special trophy flair which will be visible in r/CryptoCurrency and r/CointestOfficial. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/t40xg3/monthly_skeptics_discussion_march_2022/).
I’ll say it, SUSHI MAN TOKEN (I know right…) However, I am grateful that I only put like 25$ and tibias my first contact with crypto and to be honest it taught me a lot, so all in all I would say it wasn’t so bad, but I still regret it to this day lol
Truly they haven't pumped and alts will pump when the aatmosphere is cler enough but only solid fundamental projects like MATIC, UNI, ORE or SUSHI; these one's have good use case and are making impact in their niche but XRP I really do not expect much from them anyways, they should win over SEC first before thinking of pump.
It doesn't really matter what we want the market to do, what's important is taking advantage of the opportunities provided. When the market moons, take profits and when it dumps, accumulate. If the bear continues, using DCA startegy, I will buy more ETH, OIN, NEAR, OCEAN, DOT, ONE, ATOM and TEAM (when it is listed) among others. Especially Harmony ONE. Use it as collateral to mint the ONEUSD on the OINDAO and provide liquidity to the SUSHI Onsen pool launching on the 8th to earn 300 SUSHI tokens per day. That's about $900 a day.
Maybe keeping it a secret may help you avoid some problems, but I think it would be more fun if you enjoy life with a friend, so I'll probably simply give them some pointers on how to get started or what to avoid, much like a kickstart would do. For example, I have many passive income streams, such as staking on CAKE, yield farming on SUSHI, and earning while holding on TEN. Some people only needs a little guidance or understanding before they will take any action.
The crypto space is jampacked with lots of projects claiming what they're not which makes it hard to spot the utility projects but the moment you spot them its just best to HODL talking of the likes of ETH, BNB, UNI, DOT, PNODE, SUSHI and some notable utility tokens.
It is really cool if they will simply learn about it rather than throwing funds into any shitty projects then come back here and say shit about crypto; it is best to get the knowledge from the source so they can invest in fundamental and good prospect projects like MATIC, ETH, BNB, UNI, ORE, SUSHI, and some investment-worthy alts.
I went over CoinGecko and ordered like this in the weekly and JUNO came out. Ok. It's an extremely project. Also at the beginning of projecys inflation is extremely high. I also don't think it's a coin worth holding as it's related to its project, kinda like SUSHI for example. It already had a huge pump.
He's not dumb sometimes it takes a lot in making decisions and all he could do right now is to make the 250k profit worthwhile by investing in some more fundamental project like MATIC, BNB, VET, ORE, or SUSHI and staking the rest in any of these stables platforms for passive earning.
Elon helped pushed Doge and so many made profits off it, this is clearly one of the reasons I'm more of a fundamental project person where the growth of the projects lies in its use case just like ETH, BNB, UNI, ORE, SUSHI, and many other fundamental based projects.
There has to be a solid plan before even buying into any crypto project, I will rather hodl through, been hodling MATIC, UNI , ORE and SUSHI before end of 2021 and based on my strategic plan I had to hodl through and
It is really good to have these 2 big ones but it doesn't stop you from looking into alts too especially the cheap and fundamental based with an actual use case, I have a mixed portfolio though ranging from DOT, BNB, UNI, ORE, SUSHI, VET GTO and many others.
For those wondering, the other two are: Render Token (RNDR) comes in at number eight with an average purchase amount of $7,197. RNDR aims to allow anyone with a modern GPU to contribute their rendering power in exchange for tokens, in turn increasing the scale and availability of GPU compute for artists, designers and researchers. Grabbing the ninth spot is Sushi (SUSHI), the native asset of decentralized exchange SushiSwap. On average, ETH whales purchased $6,735 worth of SUSHI in the last seven days.
it is quite good to jump into most of these alts now that the prices are down I also threw some cash into MATIC, SUSHI, and ORE while waiting for any possible rally; most of the alts I buy into do have actual use case that will make their projects grow and now all those pump and dump shitcoins.
The adoption is growing but these same fols who want the tax are still fudding crypto, those who do not know how i came by landing projects like BNB, DOT, PNODE, SUSHI and all wants a fair shre from my gains;what if its otherwise
The market is obviously down now and a lot of tokens are down. However, its the best time to bag more dips and hodl for longterm. For me its Meterverse projects. AIOZ, THETA, SUSHI and other Meterverse-related projects are the bulk of my portfolio. AIOZ is the large fraction because of how cheap it is. Also very suitable because its low market cap.
Secret tip: Everything that dips even further. Joking aside: Next to the already mentioned meme-coins, be careful with governance tokens from various, even serious projects. e.g. $SPELL, $QUICK, $BOO, $JOE, $SUSHI - you name it... These tokens are already very volatile under "stable conditions", and even more volatile during these times.
I told a friend to stay away from DOGE and SHIBA and better invest into fundamental projects like MATIC, UNI, SUSHI, ORE, GTO and some other notable alts; but in the best interest I told him DYOR and invest what you can afford.
HODL and BTFD as much as you can is the only way with the current state of the market also it's time for the shitty projects to get off so we can focus more on the fundamental projects like MATIC, DOT, PNODE, UNI, SUSHI, and some others.
During dips your safest bets are BTC/ETH. If you have a higher risk tolerance then get some midcap alts like ALGO, ATOM, FTM, CRO, AVAX, SUSHI, etc. If you're a gambler then scoop up some low caps.
* In a major milestone for the project, a leading payment and decentralized finance (DeFi) blockchain player, Fuse Network, today announced their integration with leading mutlichain DeFi protocol Sushi. This comes after rapid platform and ecosystem growth for Fuse. Launched in 2020, Sushi’s components include a decentralized exchange (DEX) protocol, the Kashi lending protocol, the BentoBox dApps ecosystem, the xSUSHI staking platform, the Miso initial DEX offering (IDO) platform and the upcoming Shōyu NFT marketplace. Sushi’s native SUSHI token powers the platform’s governance and is used to reward the liquidity providers on the incentivized trading pools on SushiSwap. As part of the integration, the SushiSwap automated market maker (AMM)-based decentralized exchange (DEX) and the liquidity provisioning interface have been deployed to the Fuse Network blockchain. At a later stage, the Kashi lending network and Miso initial DEX offering platform will be added. In order to bootstrap liquidity to the new major DEX, Fuse will also launch liquidity rewards programs on certain trading pools on SushiSwap. The exact trading pools and details of the program will be announced separately. Commenting on the integration, Fuse Network CEO Mark Smargon said: "Sushi is a multichain powerhouse in the DeFi space that was among the technology's pioneers before it was cool. Sushi's extension to Fuse is testimony to the progress that Fuse has made since its launch and its unique value proposition as a mobile-centric blockchain platform."
If you hold solid gems I would say it's just a matter of time as you can see even major coins are down ETH, DOT, BNB, UNI ORE, SUSHI and every other; all you can do right now is hold tight the bulls would come around pretty soon.
Basically, all crypto should be accepted for payments regardless of its uses, I will also say its first and primary use case has to be for payment be it ETH, BTC , BNB, XMR, ORE, UNI, SUSHI and many others.
My mistake. On every search of top meta verse coins, Sushiswap was listed in top 5 market cap. I thought it was strange, but figured I didn’t know as much as them. I was clearly wrong (disclaimer: I don’t own any SUSHI)