Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: masterrex on February 13, 2021, 12:37:53 PM
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In relation to the Bullish market trends that we currently experience now, And achieving another milestone, unlocking new all-time highs by the numerous top-ranking cryptocurrencies in the market while on the other side some coins are not gaining much traction in terms of price increases, As time elapsed problems have seen for the top ranking platforms like (Ethereum) while others have shown potentials and sustainability and identify as better alternatives like BSC, Tron, Polkadot, etc. What can you say about it? let your opinion be heard!
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Indeed Ethereum's position is at stake as the development of BSC & Cardano is attracting the interest of users and DeFi projects. However, we must also admit that users switched to other blockchains because Ethereum did not have enough room for them, not because they were dissatisfied with the service on Ethereum.
To be able to overcome Ethereum, ADA price must increase 650%, BNB price must increase 1000%, during which time ETH2.0 will be perfected and served users more efficiently.
However, we also need to consider the impact of Polkadot, the intermediary of blockchains in the future. Polkadot can make the majority of communities of different blockchains share the same destination, easily interact with each other and use multiple blockchain platforms at the same time. This will make the blockchain position gap much smaller. I am really worried about the future of Ethereum.
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Many top cryptocurrencies were able to reach new records and this is great, because many people have invested in these top cryptocurrencies and now these people have been able to get excellent profits, but as for other cryptocurrencies that almost did not grow in price or even fell in price, here, unfortunately, we can't do anything, I am also glad that BSC was able to overtake the Ethereum blockchain and I hope BSC will continue to overtake the Ethereum blockchain in the future, because Ethereum blockchain with its expensive transactions is simply killing people...
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Bitcoin and Ethereum will always do well in the bull market but for me Polkadot and Binance are two big projects in the space to watch, both are likely to challenge Ethereum for its second position. Polkadot is more Decentralised as compared to Binance chain but Binance already has a strong community and strong ecosystem, people do not care about Decentralisation when they can make money and Binance chain is providing new opportunity to make money. Watch these two
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Bitcoin and Ethereum will always do well in the bull market but for me Polkadot and Binance are two big projects in the space to watch, both are likely to challenge Ethereum for its second position. Polkadot is more Decentralised as compared to Binance chain but Binance already has a strong community and strong ecosystem, people do not care about Decentralisation when they can make money and Binance chain is providing new opportunity to make money. Watch these two
If we talk about possible competitors for Ethereum, then first you need to answer the question of whether there are cryptocurrencies in the cryptocurrency market that surpass bitcoin in some parameters. If so, why does Bitcoin remain the leader in the cryptocurrency market?
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I think crypto is getting more and more vicious. Where the competition is also getting tougher. So it is very clear which coins are potential and able to survive and which coins are not able to survive.
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I think other competitor coins such as BSC, DOT, and other similar ecosystems will find it difficult to beat ethereum. Although I admit that currently the transaction costs are very expensive, it will be resolved with the launch of ETH 2.0, which is expected in 2021.
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This is a double opportunity to the polkadot, BNB, and tron. Aside from benefiting the the current bull run, investors and the community like us is looking for some alternative safe and cheap transaction because of the high gas fee of ethereum blockchain. BNB, dot, and trx are clearly the answer no wonder the adoption for this year to these blockchain for this year will be a massive thing.
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Actually, as traders, there is not much when your opinion is heard because unless you are Musk or Mccafee it can be termed irrelevant. What you should do instead is make your actions felt on the market; on a positive note where u have more green profits than red losses.
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Regarding the improvement, of course it is happy news in my opinion, why not because it gets such good results in my opinion and hopefully you also get good coins, friends
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Although I love Ethereum very much, I still cannot accept the extremely high transaction fees and slow growth of Ethereum. It has been 4 years since 2017, Ethereum has not had any outstanding development, ETH2.0 has been launched but there is no real value to the community besides staking, while POW is still maintained to bring huge profits for miners. I don't have much sympathy for BSC, but I love Cardano thanks to IOHK's decentralized governance. I am waiting for development of DeFi projects on Cardano. For DeFi on Ethereum: I don't have enough money to pay the transaction fee.
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Although Ethereum transaction fees are high, there are still many projects that use the ethereum blockchain, it looks like there will be many surprises when the Ethereum 2.0 network is fully operational.
DOT, BSC, Tron, and other open blockchain platforms will be new choices for developers due to lower gas costs, but for experience and security issues on networks and smart contracts, I still believe ethereum can solve these problems, as we know, more than 1k projects use ether blockchain and to date no issues other than high fee gas
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Ethereum, unwittingly, due to its high commissions on the network, makes it possible for other projects to grow and take a high place in the CMC. This shows healthy competition in the market and in a few years we will see who will be chosen by users and investors.
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I think ethereum needs to act fast in resolving the issue of high fees which the ethereum blockchain is currently facing since last year, weve all been waiting and hoping that this issue will be resolved but we are already almost 2 month gone into 2021 and nothing seems to have been done, rather, the high fees are getting worst each and every passing day , if it continues like this, i forsee many project leaving ethereum blockchain for other cheaper competitors like tron, bsc and the rest.
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In relation to the Bullish market trends that we currently experience now, And achieving another milestone, unlocking new all-time highs by the numerous top-ranking cryptocurrencies in the market while on the other side some coins are not gaining much traction in terms of price increases, As time elapsed problems have seen for the top ranking platforms like (Ethereum) while others have shown potentials and sustainability and identify as better alternatives like BSC, Tron, Polkadot, etc. What can you say about it? let your opinion be heard!
I say it is about time we moved on from this high transaction fee network to a more cheaper and better ones, the only thing that is constant in life is change, developers must first recognise this big problem with eth and start looking out for alternatives, there is always a beginning.
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One thing we should know about this project owners that develop this project for they are actually business minded just like BSC they are build for business even as there trying to gain people interest, the human are the main target regarding the bull run.
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For me BSC is the best of all, the transaction fee is so cheap and so fast. Many people already leave Ethereum behind because of the fee. And BSC is a good coin that can change the Ethereum position
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What problem exactly on Ethereum? This coin has no big problem to attract people buying. Also, we know that it already achieved a new ATH again. This means this coin has many demands on the market and it has no competitors so far. Even it is DOT, TRX, XLM, BSC, ADA, BNB, or others will be hard to overtake it.
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Binance Smart Chain ecosystem is fast growing, no thanks to the crazy fees charged by Ethereum miners. However, Ethereum still enjoys first mover advantage (smart contract platform) and its vast network of developers who are comfortable innovating and developing dApps on the network. If not, Ethereum would have greatly declined in usage and value. Polkadot is another big blockchain that may give Ethereum a run as I see a lot of new projects based on Polkadot.
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While the current bull run of Bitcoin is largely influenced by the coming in of big names and funds to the cryptocurrency market, the retail investors - the small players like you and me - are staying on the sideline maybe just cheering the things going on with the market. However, right now, there is a significant movement from retail investors and this can be the reason why other coins and tokens are also rising. And this is big. Ethereum is certainly a big beneficiary of the bull run, but other platforms are taking the limelight as well, like PolkaDOT and Cardano, not to mention the popular BNB. And this is very positive development. The more growth spread as many platforms the better for this industry.
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Bitcoin and Ethereum will always do well in the bull market but for me Polkadot and Binance are two big projects in the space to watch, both are likely to challenge Ethereum for its second position. Polkadot is more Decentralised as compared to Binance chain but Binance already has a strong community and strong ecosystem, people do not care about Decentralisation when they can make money and Binance chain is providing new opportunity to make money. Watch these two
If we talk about possible competitors for Ethereum, then first you need to answer the question of whether there are cryptocurrencies in the cryptocurrency market that surpass bitcoin in some parameters. If so, why does Bitcoin remain the leader in the cryptocurrency market?
From a purely practical standpoint, most altcoins have long overtaken Bitcoin in terms of scalability and high transaction fees. Now, there is probably no longer any cryptocurrency in which the throughput would be at the level of seven transactions per second. Bitcoin is the first and most well-known cryptocurrency to continue to rise in value. If its price growth stops or slows down for a long time, then the situation on the cryptocurrency market may change dramatically.
Ethereum still has a good chance to fully upgrade with Ethereum 2.0 and justify its position as the leader of altcoins.
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What problem exactly on Ethereum? This coin has no big problem to attract people buying. Also, we know that it already achieved a new ATH again. This means this coin has many demands on the market and it has no competitors so far. Even it is DOT, TRX, XLM, BSC, ADA, BNB, or others will be hard to overtake it.
I'm sorry but I disagree with you Mate because the transaction fees are high enough to bring a real problem on Ethereum and even Vitalik Buterin has already noticed that problem thats why he already taking action in order to find a solution and Vitalik wants to fast track the IEP 2929 proposal in order to solve the gas fees that quite affecting Ethereum users as we have seen in the social media particularly in Twitter many users are already dismayed and started to look better alternatives lets go back to reality, not all Ethereum users are whales most of it are a micro, small and medium scale thats why for me its a real problem that needs a solution.
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What problem exactly on Ethereum? This coin has no big problem to attract people buying. Also, we know that it already achieved a new ATH again. This means this coin has many demands on the market and it has no competitors so far. Even it is DOT, TRX, XLM, BSC, ADA, BNB, or others will be hard to overtake it.
The biggest problem for now is the very high cost of GAS ETH, but it seems that the high cost of GAS ETH does not affect investors' interest in investing in Ethereum so the demand for Ethereum is very high. The very high cost of GAS ETH actually has a big impact on new Cryptocurrency projects that are still running on the ETH platform, which inevitably has to use ETH to send tokens.
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No doubt BSC, Tron, Polkadot are showing a good presence in the current market. Every year we see some new coins that show potential and this cycle will continue. We will see some more names next year in the list even that can be some new projects as well and if we talk about those coins that are not gaining as much to date is just because of weak supporting community or might be dev are not active of those projects but we must not be in hurry we must be patient and hold on the coins because we never know which coin will rise as this is the nature of the crypto market full of uncertainties.
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Ethereum network is not pleasing this current bullish trend as we all know how annoying the high gas fee even you just transac small amount. Thanks to BSC and some block chain that are more affordable to small transactions fees. Also more project related to DeFi are now booming. No doubt the coin like dot and tron will go with the uptrend flow.
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Ethereum network is not pleasing this current bullish trend as we all know how annoying the high gas fee even you just transac small amount. Thanks to BSC and some block chain that are more affordable to small transactions fees. Also more project related to DeFi are now booming. No doubt the coin like dot and tron will go with the uptrend flow.
I agree with you that Tron is a great alternative to Ethereum. But you don't need to bury Ethereum right away, because the price for gas will soon recover and everything will be fine with them.
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It's a good time to be in crypto as almost every coin is picking up or has picked up. However, the gas fee on ETH network is serious issue that is limiting entry to good DeFi projects for average investors and traders.
I've also noticed that many projects are migrating to BSC network, while this is good due to the low fees, it may also encourage scam/ponzi projects to perfect their fraudulent plans.
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For project developers and investors who have large enough funds, I don't think they are worried about big gas costs, we all know the ethereum platform has been used by several successful cryptp projects, BS and Tron are ether competitors at the moment, but I still see many projects are using the Ethereum network because they are sure that Bs will soon be integrated with POW.
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Only Ethereum is the major problem in terms of high transaction fee. Despite of high fees Ethereum remain strong and dominating altcoins. The value did not crash. The demand increase and possible to record new ATH in this bullish season. BSC, DOT, TRON are getting much attention due to Eth high fees transactions.
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They just have potential as the threat of ethereum but so far the ethereum still doing its best like the launching of 2.0 that can solve the problem. The best way for these blockchains should have to maximize the potential to overruled the ethereum blockchain.
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In relation to the Bullish market trends that we currently experience now, And achieving another milestone, unlocking new all-time highs by the numerous top-ranking cryptocurrencies in the market while on the other side some coins are not gaining much traction in terms of price increases, As time elapsed problems have seen for the top ranking platforms like (Ethereum) while others have shown potentials and sustainability and identify as better alternatives like BSC, Tron, Polkadot, etc. What can you say about it? let your opinion be heard!
I say it is about time we moved on from this high transaction fee network to a more cheaper and better ones, the only thing that is constant in life is change, developers must first recognise this big problem with eth and start looking out for alternatives, there is always a beginning.
And I agree. Right now, many are moving to the Binance blockchain where there is no considerable backlogs of transactions and where we can still find cheap transaction fees, and I am hoping that it stays that way for years, and I am also hoping that the devs behind BSC are already working on the question of scalability in preparation for its intense growth ahead. And this can be the reason behind the unstoppable growth of the BNB coin in the market. One good thing is that there is still no effect on the Ethereum movement for now as it is still growing tremendously as DeFi remains to be the market controlled by Ethereum.
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I want to say that mainly bitcoin and ethereum have grown in price, although the rest of the altcoins and tokens have been ditched according to a speculative scheme, I generally suspect scam projects for some top coins, in my opinion they were created to take their hard-earned money from hamsters on these HYIPs.
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This year is a year of bullish trend for the top cryptocurrencies, since I joined cryptocurrency. The large number of new investors investing is making the crypto market even more bullish. But it's a shame the gas feenya is very high. I hope the Ethereum blockchain can fix this situation soon.
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Indeed, in crypto, many altcoins have no potential. but some types of altcoins that do rank at the top are the best and most are definitely potential.
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Indeed, in crypto, many altcoins have no potential. but some types of altcoins that do rank at the top are the best and most are definitely potential.
You also want to know which of the altcoins can bring and which can not. It would be very cool, but it's hard to predict since it's like a roulette wheel.
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Yes, this is right. Bullish market trends that we currently experience and your all-time highs by the numerous top-ranking cryptocurrencies in the market, this is really good news, and it can be said that it will be very good for me and all of us😍
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Yes, i agree with you, Ethereum is fails as an alternative payment because every time we want to send ETH/Token, we meet the big problem. So choose another potential blockchain is the answer. For now, BSC and Tron
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Personally, I am surprised why, in the light of the latest events related to the commission, the Tron did not show itself in the network. At the same time, BNB grew to heaven. In general, the alt season is still very local, no more than 20 tokens are growing.
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it is possible that bsc will continue to shift the movement from ethereum because there are many projects migrating from ethereum platform to bsc because the transaction fees on the ethereum platform are very expensive and there are lots of users or traders who complain about this if ethereum does not make a solution to the gas, it is likely that many traders who will move to bsc.
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It is not only the price increases but also the fee. It is so damn high to see how the Ethereum (ERC20) token and Bitcoin transaction fee. This is so high.
But this may be in line with the price of the Etheruem and also Bitcoin itself. We may not compare the price to the USDT right now if saying about the fee. And many new coins are also increasing enough currently.
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Polkadot is more Decentralised as compared to Binance chain but Binance already has a strong community and strong ecosystem, people do not care about Decentralisation when they can make money and Binance chain is providing new opportunity to make money. Watch these two. I am interest
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Actually, as traders, there is not much when your opinion is heard because unless you are Musk or Mccafee it can be termed irrelevant. What you should do instead is make your actions felt on the market; on a positive note where u have more green profits than red losses.
What are you talking about Mate this is a Free cryptocurrency forum and we can tackle or discuss any problems that were related and involving cryptocurrencies and I believe that many of us here are affected by these expensive gas fees of Ethereum Blockchain so dont mined the "Title" it's not about becoming "Elon Musk and John McAfee" in order to be heard and give our opinion even if you are just simple crypto users we have the right to heard and give our opinion regarding the problems that we are also affected like the Expensive Gas fees.
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I guess it is too early to predict to say the futures ahead of us. Doge is what I think will hit $0.1 this coming March. In other hand Ethereum will increase despite of high transaction fee this may varies after the staking. For now BSC is another competitor to Ethereum for they offer a less fees. Many more are possible to happen this year. We are not yet finish on quarter 1.
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In relation to the Bullish market trends that we currently experience now, And achieving another milestone, unlocking new all-time highs by the numerous top-ranking cryptocurrencies in the market while on the other side some coins are not gaining much traction in terms of price increases, As time elapsed problems have seen for the top ranking platforms like (Ethereum) while others have shown potentials and sustainability and identify as better alternatives like BSC, Tron, Polkadot, etc. What can you say about it? let your opinion be heard!
I can say that this is the situation where most of the developers are so serious to position there product in the best place at the market because of the massive changes happening right now which is driving the institutions and the retailers to enter into market.
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There are lots of opinion I heard specially in altcoins organization so far so good of there works are unite and teamwork to cover up all the bounty projects succeed in the cryptocurrency no matter it was a new member of the blockchain .
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The ups and downs of current prices are indeed a natural occurrence in crypto. I feel that with this ups and downs we can use it to make a profit. it's just that the problem of transaction costs is very troubling and there is no really right way out. I am also still waiting for this.
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The cost of transactions, due to its cost, will push users away from ETH a little, but this is mainly for small transactions. BSC and Tron are gradually taking over the initiative and pulling off potential users. In general, BSC has been showing excellent results lately. I also switched my focus from ETH to BSC.
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I think other competitor coins such as BSC, DOT, and other similar ecosystems will find it difficult to beat ethereum. Although I admit that currently the transaction costs are very expensive, it will be resolved with the launch of ETH 2.0, which is expected in 2021.
Anything can happen mate, I think BSC and DOT will be the good competitor to Ethereum at the coming future. Because I see BSC and DOT also have advantages and has potential to beat Ethereum. DOT and BSC is faster and cheaper.
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The 21st year has just begun, and I have already managed to be very happy and upset several times with the change in prices for some coins. I was not particularly pleased with the dynamics of LTC a couple of weeks ago. If we talk about the popular transition of some projects to binance chain, then I'm just glad. Gas prices in the phirium are now simply unaffordable, making small transfers is not profitable.
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in a bullrun season, most coins will be increasing and most of them will also reach and pass the previous ATH. This may be going if the phase is like the previous one. And now, only a few coins have achieved it. So probably there will be another rBUllrun again to start
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I think BSC and DOT will be the good competitor to Ethereum at the coming future.
It seems what you say is true. But not only BSC and DOT, but ADA also has the chance to compete with Ethereum in the future. I see there is significant progress in ADA and looks like to continue improving because of much supports from any parties. Well, I hope the competition among them will create a good atmosphere in the crypto industry.
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in a bullrun season, most coins will be increasing and most of them will also reach and pass the previous ATH. This may be going if the phase is like the previous one. And now, only a few coins have achieved it. So probably there will be another rBUllrun again to start
Agree with you. Now it seems to me that the second season of bulls will begin soon, where we will see high prices of other altcoins. So we are waiting.
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I think the bullish market should not be limited to only fewer coins and token like Bitcoin and Etherum only the market itself should influence other coins, as we can always see in the cryptocurrency market when ever Bitcoin increase other coins will fall and the same time the Bitcoin drops you see other altcoins still fall also, my opinion here let the crypto market favour other coins not just few.
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If the problem of the high gas fee of eth still not resolve in the future then we might see other altcoins to take the no. 2 position in the top coins.. It might be the BNB, DOT and ADA these has potential to be no. 2...
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Ethereum is the world 2nd biggest crypto currency coin in the world. But due to its high transaction fees peoples did not like to make a transaction in it. There are many alternative block chains in the market. That have very low fees. So, the crypto community prefer to use other block chains then ethereum.
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During the bullish market, there will be always a dilemma on several things like the price target, market correction, and also transaction fees. Higher the token platform, the higher the transaction fees will be. Like what happened to the Ethereum platform.
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eth users switch to BSC and other coins because they don't have enough space for them, not because they are dissatisfied with the service on Ethereum. where the FEE cost of sending is greater in value than the token to be sent,
hopes that ETH will immediately improve this situation so that its users don't actually run
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yes for the moment lot of altcoins didn't start their bull market yet and this is because of the market dominance which bitcoin has more than 60% of the money that exists in the market,at the moment that dominance break down 60% all the altcoins will pump in a very hard way,so just hold your coins .
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eth users switch to BSC and other coins because they don't have enough space for them, not because they are dissatisfied with the service on Ethereum.
High gas fee is the main reason why more and more projects migrate to BSC. Honestly, there's no other issue than the gas fee. Although we know the BSC is the trend now and the super low cost besides tron.
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this is a new history of crypto with a very high price level. However, it can be seen that the higher the crypto price, the higher the transaction fees for ETH users. but there are still quite low fees like BSC and TRON, and I think these 2 coins will be tough competitors to ETH
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I assume that all of this will continue to rapidly increase in price because so many companies have entered the world of cryptocurrency.
Big companies like TESLA, Grayscale or whatever they are must have bought a lot of well-known cryptocurrencies and they don't want to lose, so when the price goes down they buy more like Bitcoin, Ethereum or BNB.
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All Cryptocurrencies have the opportunity to achieve or create new history just like Ethereum, other Cryptocurrencies that have not yet reached a bullish peak may also create new history. And this is my opinion, we can invest in these Crypto coins, coins that currently have a low price but also have the potential to reach the highest price.
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Apart from Bitcoin and Ethereum. BSC, Tron, and Polkadot are also doing good in the crypto world. BSc, Tron, and Polkadot have a long way ahead I feel these 3 coins will also be well known in the market like Ethereum and BTC even BSC is attracting new projects to their platform it is starting of competition between BSC and Ethereum But replacing Ethereum is not easy for any coin because I have heard Berlin Hadfork will take place soon and I also heard after implementing Berlin Hardfork eth gas fee issue will also be resolved If it will happen we can expect a big move in Ethereum price again as compared to other coins.
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Truely, Ethereum and its smart contract is having a big problem on the fact that they are making the price of transaction fee more difficult to its users, creating a big room for the Binance Smart contract to take place, by reducing the price for transactions to its minimal rate, gaining more users from the Ethereum chain. If this is not rectified as soon as possible, there will be reduction in use of smart contract, and that will affect the Ethereum smart contract alot.
With the more user friendly nature of these new projects and the continuous development in them, the attraction of mass adoption will be contracted and this will help in the growth and development of these projects.
Its better ETH gets up now and take its stand before it gets out of hands.
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The top 10 in the coinmarketcap now is nascent and volatile. The only sure banker is obviously bitcoin, but apart from it, the others would always change position. That’s al
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Bullish this period is quite different from the previous bullish one. In this bullish, we can still experience the market correction that always happened after the high increase. And now, we are still experiencing the bullish period where it may be the top altcoin season will be in this month or next month.