Saturday, May 15, 2021

What Two Tokens Will Kick Ass This Month And Why ( by the Author)

 So if your sitting by your smart phone trolling through the internet and happen upon this article on this months hottest tokens your definitely in for a treat today!

As recent news events would have it several market movements have pushed some recently not so well known tokens into an upward trend not likely to change anytime soon.

The two of the  hottest tokens this month are:

Polygon / Matic

and 

ADA

Here's what's going on:

Polygon / Matic is a token recently put on the market and rapidly gaining in value due to several factors.

Least of which is that Polygon Operates its own Blockchain, much in the way Bitcoin or Ethereum, this company allows users to purchase their tokens, then stake and lend them without incurring huge transaction fees.  

That alone has caused investors to flock to this still under priced token.  Many analysts believe that the price window to purchase a large volume of Matic before its price increases considerably, is now.

The other hot token to watch this month is deffinately ADA.  One of this years to currencies, this company has several projects in the works that are following a set timeline from inception to delivery.

This combined with Bitcoin and Doge's crashes this month have fueled the desire for investors to move their revenues to more safer medium term (longer than 1 month) coins.

One of those has been ADA.  Doubling in value within the last six weeks ADA remains relatively inexpensive, but continues to gain a consistent increase daily, but without the huge price fluctuations of Bitcoin, or Doge.

Two tokens to beware of this month in fact are Doge and Bitcoin.  The reasons are that Bitcoin is adjusting and hasn't yet hit its bottom.  Unless your holding for more than 45 days , to a year, Bitcoin is still well overpriced for the ultimate return on your dollar.

ADA has far more stability and priced at just over 2 USD still remains relatively low priced for long term holds.  Considering it has doubled in its value over the past few weeks, without losing, analysts expect this to be a good bet going forward into the summer. 

Also ADA is used by yield farmers and liquidity pools, has low transaction fees and can be found in all major and most minor exchanges.  This coin is hot!  The better question is when will that change, and will you take advantage of this opportunity before that time?

Something to think about, but as always, do your due diligence and homework. 

Another concern of Doge is that its fundamentals are way off, it lacks a consistent and clear roadmap, has the same environmental inefficiencies (if not more) as Bitcoin and is affected by actions of a few individuals who can either drive the price up or down just by talking about cryptocurrency. Yet this is the least of its problems.  

Plagued by price instability Doge's popularity my soon be eclipsed by tokens competing for its place such as Shiba (also a Doge spin off) and Akita.  Yet according to reports it has no plans actually develop competing technological edge, lacking the manpower and apparently the desire to prevail in this rapidly changing market.

According to MSN Doge 

" Dogecoin hasn't had full-time developers since the coin's founders pulled out of the project in 2015," 


Thursday, May 13, 2021

Transaction malleability explained

 Transaction Malleability Explained - Mycryptopedia

Welcome Ms. Dorothy for Contributing Expert Analysis and Advise

The creator and supporters of this Blog "Crypto Corner: Lessons in cryptocurrency and decentralized finance" would like to welcome a new comer to the blogosphere:

 Ms. Dorothy Wong, a financial advisor and decentralized finance expert who often (and unbeknown to her) contributed and inspired the ideas behind contents of this blog!!

A candidate for her Master's in Cryptocurrency and Decentralized Finance, Dorothy's track record boasts a lengthy and successful  career as a Responsible Financial Officer within several of  Hong Kong's most successful corporate firms.  

This is particularly commendable in light of the very nature of this traditionally MALE DOMINATED INDUSTRY wherein studying Sun Tsu's Art of War is REQUIRED READING.

With that experience and training, Ms. Dorothy who has been able to enter into the area of Decentralized Finance and succeed, is willing to share some of those insights and fruits of her experience with others.

Dorothy operates in the very "niche" and often very unpredictable realm somewhere between the world of TECHNOLOGY AND FINANCE known coloquially as "fintech" and more specifically as "DECENTRALIZED FINANCE". 

It is this area of finance and technological advancement, that has seen the most rapid and sustained growth in history, as it seems someone has actually invented  A MONEY MAKING MACHINE!? 

Therefore this ECOSYSTEM, AS IT IS CALLED is not without risks.   

As can be expected uncertainty and confusion have risen in proportion. 

This is the area that many enthusiastic yet unexperienced and unprepared investors  make or break their careers.  Worse still would be to simply mismanage ones retirement or non disposable income. 

Simply put even the most experienced of investors, or savvy tech specialists must proceed with great effort to understand not only the technology, but also the synthesis of this technology with the real world environments and applications.    

Operating in this ecosystem without proper preparation is simply risky, these are profit driven organizations, often operated by individuals with bad selfish, or dishonest  motives...  i.e. the SHARKS.  

One of Dorothy's pet peeves in fact... she hates SHARKS!  

While (I find them) absolutely delicious to eat, sharks in the financial industry will do just that to an investment in cryptocurrency: DEVOUR IT PIECE BY PIECE, until your... dead (as in you decide to "get out" of the market and cut your losses).

This is what usually happens to anyone who gets into the market without education, foresight... and motivation to succeed.  

As in most cases with life, THE MORE YOU KNOW, the better positioned you are to succeed, cryptocurrency is no exception. 

Often asked about the future of investing Ms. Wong is most in her element when evaluating the trends of any market using a combination of technical and specific market indices, some of which we hope she will share with us in articles going forward. 

Dorothy doesn't draw her data from a crystal ball.  Having her own network of peers and fellow investors who also keep her in the loop, particularly in respect to technology, companies, and trends in one of the worlds richest and significant financial markets: China (aka Asia).  

The Pacific Rims  equivalent and rival to "New York", the metropolitan city of Hong Kong  has undeniably  become a focal point of change in the intimately interlinked global economy.

Hong Kong is not a  rising center of commerce, but rather an ACTUAL  center of commerce, where it functions as Chinas conduit to the rest of the world, making any information gleaned about financial market trends or Chinese based companies,  of valuable import particularly with those who have real life investments, or "skin in the game". 

Facts, not fallacies.  Truth not fiction. Ms. Wong will certainly be at home hosting content on this blog as we pride ourselves in publishing thought provoking, and verifiable content.   

Chaos always reigns when ignorance prevails, therefore becoming informed, and helping to inform others is our part of giving back to the community, where in this case "the community" is the global group of investors in any cryptocurrency or blockchain digital technology.

This blog is another form of OPEN SOURCE CONTENT.  

A person who often devotes her free time to helping a growing network of  students, friends, industry contacts and business associates Ms. Wong has been asked on many occasions to provide a blog or forum outside of her community forums.  

One in which others could read and better subscribe to some of her opinions and analysis when it comes to understanding, entering into and sustaining growth within the area of cryptocurrency and decentralized finance.

We are honored therefore to receive Dorothy's  input and will always indicate that she is the author next to the titles of  articles which she contributes to on this blog. 

This is the start of that effort!  

We welcome you to continue subscribing, sharing and otherwise supporting our efforts to share and better understand how to survive in the worlds fasted growing VIRTUAL ECONOMY, of DECENTRALIZED FINANCE, YIELD FARMING, LIQUIDITY POOLS, AND LONG TERM INVESTMENT STRATEGY. 

Please, comment below, subscribe, like and share us on social media: Facebook, Twitter, and Instagram 

Blockchain.com the worlds most popular crypto wallet

 Blockchain.com Wallet - Store and Invest in Crypto

Anatomy of a Bitcoin Transaction

 Anatomy of a Bitcoin Transaction – Blockchain Support Center

Sunday, May 9, 2021

The Dogecoin Dilemma: Dogging the Doge, This is what Elon Musk said to drop the Dogecoin -30%

 Only the richest man on earth could make a showing and cause one of Americas most popular crypto darlings to take a huge (but not unknown) price dive sending token holders into fits.

Apparently not hearing the big news they sought, a horde of skittish investors fled from Doge heaven breaking its amazing climb toward 1.00 usd, and bringing howls of glee from the traditional horde of sideline Dogehaters, all based on one odd episode of SNL.

In this episode one of the worlds richest entreprenuers countered the Dogewave after plugging the defiant cryptocurrency while co hosting the May 9th episode.

The response from the market was instant, when no sooner had the episode ended when the Dogecoin began to plummet in value, barely scraping the bottom at .34 cents, about 1/3 of its total market value before the episode aired.

This type of price instability has many investors spooked while others with a much higher tolerance for price volatility continued to by at discount prices in spite of the decline, expecting the token to regain its losses (probably by weeks end). 

The detractors  may soon be eating their words however as Doge has to date, completely defied expectations making miraculous gains in spite of the constant litany of criticism by the supposed EXPERTS. 

It remains one of the most widely held crypto assets in spite of its tendency to take huge bites from time to time.  

With social media fueling its meteoric rise, Doge coin has become an asset within the market place being valued higher than Twitter and Ford at 45.2 Billion dollars.  

Major ratings groups give Doge a solid C rating as an investment overall, but Doge may in fact be the coin of the future. 

Accepted by young people, amateur investors and venture capitalists this currency has been adopted by millions world wide and has gained mass appeal that the other currencies simply do not have. 

Translation: it may be the investment vehicle of the future... or it may simply fizzle. 

I personally have been following the coin since it was around .13 cents.  For the time span an investment of 1000 USD would have increased at least four times over (10 weeks). 

While I'm not an advocate for Dogecoin, I certainly advocate making money, particularly in the most simple and reasonable manner possible.

In upcoming posts we will continue to examine this currency in depth as to whether or not it should be kept in the CRYPTOCURRENCY CORNER'S INVESTORS LEDGER.

Please leave any input or opinions about this or any other posts, like, share and repost! 

 

Altcoin Buzz, Market Update: Cardano udates and staking starting August 1

Click the link below to check out the recent update: