Crypto trial by fire: 'what happened to my Doge?' and Why the market shakeup it's a great thing for savvy investors (by the author July 3, 2021)

 There's a lot of confusion in the market these days as to exactly what to expect going forward this year.  

Here are some vital trends we will be watching this summer:

OMG! The Bitcoin bubble has popped (the good news) yet the market continues to thrive. 

Not so fortunate are platforms such as Polywhale which bit the bullet in the early market crash this month.   Sympathy to any Polywhale holders, but in truth... it was always just a whale.

As for Binance, it will continue to defy gravity as the Chinese government attempts to get a grip on what they claim are regulatory violations - Chinese style. This debacle may end in a quazi- nationalization, or even the destruction of the crypto market in China.  

As for Doge, after the recent market fall, many new investors are looking at their new balances and wondering 'where's my Doge?!!'  

Well, to be fair, Doge is still here, but its price is far off from the dizzying heights of $ .75 cents.  My advice, avoid this token, unless and until you are confident that you know EXACTLY WHAT YOU'RE DOING!  Meme coins are great as forms of payment, or micro payments, but when it comes to sinking a bunch of cash into a long-term investment asset, I recommend looking for a chain that has wider adoption, and greater overall demand from users.  These would be users who not only use it, but who must have it! For example, Ethereum has become such a strong asset class for this very reason: developers need it for development of various dapps.

Or on the other hand if you actually have a legitimate use for a token like Doge's utility, in this case it may work for your needs. For example, Doge's payment system seems to be arising as another alternate form of currency among many groups.  It's major claim to fame is that it is popular... and supported by Elon Musk... it pretty much ends there - in terms of financial analysis.

In other crypto related news...

Pancake Bunny survives, but along with the rest of crypto land has found its new, and much slimmer token price which should gain momentum over the summer.  None the less, we advise you to steer clear of this particular platform if you have concerns about short term token price growth.  This is a very high-risk enterprise and will tend to have huge volatility swings.

Defi continues to grow even amidst the market crash, as these platforms and communities are getting a trial by fire with the ups and downs of the entire crypto market.  This means once it's all said and done, we will see an entirely different market in months to come.

The good news for investors is that there are bargain sales, and among the leading tokens that have weathered the storm you now have will have an even stronger group of decentralized assets. 

A veritable cornucopia of platforms and tokens that have value and merit, with huge earnings potential, if they can weather the volatility of the market.  Much of which has nothing to with cryptocurrency.

While Ethereum still holds great value, if you have any knowledge of Ethereum then you know that the demand for its gas, what will necessarily limit the total cost of its token price tag.    Not to say it won't continue to be hugely expensive to use, but that is my point - IT IS, VERY EXPENSIVE TO USE!   

The importance of this point is that if the price increases substantially it will have the reverse effect, and customers will continue to bleed into the other developing chains. Either way I would say a substantial amount of Ethereum is essential to any portfolio.

Some other tokens to seriously think about acquiring include:

Polkadot

Kusama

Quickswap

Telcoin

Anyswap

Polygon Matic

Cake

Mana - Decentraland

Each of these has substantial LONG-TERM GROWTH potential due to their utility demand, and not just because they were able to organize great publicity campaigns to drive adoption with logos made for kids. 

Crypto currency has its own market which is much more volatile than other markets for many reasons.  In this volatility substantial wealth can be earned, however only to the astute and technically aware investors.  Keep this in mind as you invest, have a plan, and stick to it, as it is that plan that will determine your profit, even in a down market, which in our case is still technically a Bull Market.   Remember to always do your best to be diligent in studying your investment before jumping in.