Animal coins are extremely popular lately even many outsiders came to buy it. But most of them crashed.
it seems to me that anything that someone famous does or supports other people starts to take advantage of it and creates something similar for them to make profits. something a little wrong in my opinion. Dogecoin has been around for years and hasn't had a lot of copy/paste of dogecoins in the past. today there are a lot of copy/paste of dogecoin just because elon musk is supporting dogecoin... this means that these other copy/paste projects were created only because the owners want to make money.
In the past we had cases of altcoins with the name of Japanese food, there were several copy / paste. I wonder what we will have in the future? will we have altcoins with plant names?
BTC crashed for nearly 15% today. With this craze, I sense that bull market has come to its last phase. There are still chance to earn money but I would suggest you to be more cautious. Go and seek for long-term solid project and hodl. There are a few solid projects I have followed:
1. Shield Protocol：
http://shieldex.io/#/home (The First Decentralized Risk-free Perpetual Contract) Excellent idea (risk-free) and solid technology
2. Parami Protocol:
https://parami.io/ (AD3.0 for Web3.0!) Famous founder and good team background
I assume these two projects will start IDO soon. Do you think they are solid enough to hodl?
I definitely prefer to have only bitcoin