ethereum cryptocurrency will jettison speedier

Lightly moderated crypto subreddits make a tempting target for Spamcoin marketers. Source: Catalyst Labs / The Frauds and Pumps of Reddit If Hashbon succeeds in its goal, it could become yet another successful DeFi project to reward investors.īottom line: Reddit has become an indispensable tool for early-stage crypto traders. And finally, Hashbon is far from the only outfit working on cross-exchange methods - centralized exchanges like TrustWallet already convert ERC-20 and BEP-20 tokens.īut investors looking to get in on the ground floor of a Moonshot could do well with HASH. Second, the partially-doxxed team doesn’t mention credentials - even the most experienced Reddit crypto investors could be walking into a trap. First, HASH is only available via Metamask - Coinbase (NASDAQ: COIN) and Robinhood (NASDAQ: HOOD) traders need not apply. Investors, of course, will have to swallow some lumps. And a CertiK audit is already in progress - a promising sign for any up-and-coming token. HASH Token (CCC: HASH-USD), the coin funding Hashbon Rocket development, is up 3x from its initial pre-sale price. Hashbon (HASH)Įarlier this year, a Czech-based DeFi project came up with an intriguing business idea: why not give investors the ability to directly convert ERC-20 tokens to BEP-20 ones and vice-versa? Doing so would cut out middlemen exchanges like Binance (CCC: BNB-USD), which levies a BNB “tax” on each transaction in the form of fees. Though the crypto lags far behind its Ethereuem-like peers, its smaller starting base makes this a currency to watch. I’ve also put out a “buy” recommendation for Algorand. The result: a Pure Proof of Stake (PPOS) protocol with lower transaction fees than either Ethereum or Cardano. Silvio Micali - an MIT professor and previous winner of the Turing Award - to solve Ethereum’s (CCC: ETH-USD) speed and cost issues. “Algorand (ALGO): Founded by one of the smartest computer scientists in the world and using the next generation of blockchain technology, this coin is focused on growth and taking on the big boys in Ethereum.” InvestorPlace’s Ultimate Crypto picked up on ALGO more than 16 months ago when prices were sitting at a mere 20 cents: Reddit investors have rekindled their love affair with Algorand (CCC: ALGO-USD), selling stakes in ADA to make room in their portfolio. To save you time, here are two of the top trades on their radar right now. Instead, the leading traders are spread among various subreddits - r/CryptoCurrency, r/CryptoMarkets and r/Altcoin, among others - as well as Twitter (NYSE: TWTR) and Discord. And single-token forums such as r/SafeMoon cater to diehard fans who have never considered the word “sell.” Lightly moderated subreddits like r/CryptoMoonShots tend to draw spam by self-promoting cryptocurrencies.

“Safemoon bag holders admit losing $100,000+ and congratulate each other for having ‘diamon hands’! CANT MAKE THIS S**T UP” The CryptoMoonShots of Redditīut tracking these crypto Reddit traders isn’t quite so straightforward. And many of these same investors have no love for SafeMoon, Tron (CCC: TRX-USD), EOS (CCC: EOS-USD) and yes, even Dogecoin, due to their lack of development (Cardano and Solana (CCC: SOL-USD) are also notoriously hard to program). Many began replacing Cardano (CCC: ADA-USD) with other altcoins two weeks ago, just as I was recommending Moonshot investors do the same. The best of these Reddit investors also know when to sell. And SafeMoon’s (CCC: SAFEMOON-USD) 125x return rewarded at least 1 million active wallets by the time the token peaked in April.

A quick check of public ledgers shows that Dogecoin’s (CCC: DOGE-USD) rise from 0.01 cents has turned at least a thousand DOGE millionaires into U.S. Source: Catalyst Labs / Reddit Cryptocurrencies on the Riseįor some lucky souls, Reddit has provided a golden ticket to financial freedom. Many holders have likely seen a chunk of their holdings vanish into thin air.īut why do so many investors jump headfirst into these Spamcoins? With almost every other option looking just as bad (more on this later), perhaps the question we should be asking is: why don’t they? Gravitoken now boasts more than four times the number of holders it did ten days ago, even as its token count has shrunk from 6 trillion to 1 million.

That hasn’t stopped retail investors from jumping in. The dev wallet has cashed out at least $45,000, while other closely controlled wallets appear to have earned even more. And careful readers will notice that another 3.27% of transaction fees are unaccounted for.”įast forward to today, and the only clear winner from the project has been GRV’s anonymous developers. Rebasing a currency means affecting every user unless the token buyback (set at 3.27% of transactions) covers the amount. “Whose coins get burnt, however, isn’t so clear.

Ethereum cryptocurrency will jettison speedier