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Showing 4 of 4 results by AlexanderM83
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Board Altcoin Discussion
Re: Can ETH surpass BTC?
by
AlexanderM83
on 04/10/2024, 10:16:07 UTC
Quote from: Iamcrypticguy on October 01, 2024, 01:15:04 PM
I'm starting to believe that Ethereum could eventually surpass Bitcoin as the top cryptocurrency, especially given its strong ecosystem and the recent reduction in gas fees(Is this a rumour).

After exploring Eigenlayer, a restaking protocol that allows Ethereum stakers to restake their ETH or liquid staking tokens (LSTs), it seems to offer new opportunities for increased profits. With the added advantages of smart contracts and DeFi solutions, I expect a potential rally in Ethereum-based projects this month, making it a good time to strategically position myself.

https://coinmarketcap.com/currencies/eigenlayer/
Ethereum’s ecosystem is definitely growing stronger, and with gas fees coming down, it could give Ethereum a real edge over Bitcoin in the long run. Eigenlayer’s restaking model does seem like a solid way to boost profits, especially with all the DeFi possibilities opening up around Ethereum. It might also be worth looking into some newer projects like Waterfall Network (which is built on Ethereum, by the way), and is currently offering 122% APR. Diversifying a bit could be a good move as Ethereum-based projectss continue to gain momentum
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Topic
Board Altcoin Discussion
Re: The Role of Liquid Staking in Enhancing DeFi Ecosystem Interoperability"?
by
AlexanderM83
on 03/10/2024, 09:26:27 UTC
Quote from: Iamcrypticguy on September 24, 2024, 09:40:31 PM
Liquid staking is an innovative concept in the cryptocurrency space that allows users to stake their tokens while retaining liquidity. Unlike traditional staking, where tokens are locked and inaccessible, liquid staking provides a tokenized representation of the staked assets, referred to as LSTs (Liquid Staking Tokens).

These LSTs can be traded, used as collateral, or deployed in various decentralized finance (DeFi) applications, such as EigenPie, a liquid restaking platform within EigenLayer.

Liquid staking offers several compelling advantages over traditional staking methods, such as:

- Enhanced Liquidity
- Increased Capital Efficiency
- Lower Barriers to Entry
- Greater Flexibility

These are the main benefits I can think of, but I would love additional input, especially if you're experienced with DeFi. Feel free to share some of the associated risks and any liquid staking platforms you've explored.


Totally agree, liquid staking is a game changer for crypto holders looking to maintain liquidity while still earning rewards. The flexibility it offers, allowing users to trade or use their staked assets in DeFi, is huge. While platforms like EigenLayer are popular, there’s always room to explore other ecosystems too. For example, the new Waterfall Network (currently offering 122% APR) could be an interesting project to keep an eye on as the ecosystem grows. One thing to watch out for with liquid staking, though, is smart contract risk, as well as the potential for fluctuations in LST value compared to the underlying asset.
Post
Topic
Board Bitcoin Discussion
Re: Growing but exponentially
by
AlexanderM83
on 02/10/2024, 10:36:44 UTC
Quote from: jcojci on Today at 02:35:01 AM
If you have many Bitcoin from a long time ago, you will see the profit grow in your wallet. That profit will be grow more in the future following the Bitcoin price especially when Bitcoin price can increase to the highest price. People who bought Bitcoin from a long time never expected to see that huge profit so they can sell their Bitcoin and enjoy the money.

Let say you have 210-215 Bitcoin, you will see that $13-14 million according to the Bitcoin price now. So I assume that you have 215 Bitcoin in your hand as you say $13-$14 million. But you will not have that huge money if you don't sell your Bitcoin. That profit will be increase in the future following the Bitcoin price.
Absolutely, holding onto Bitcoin long-term has proven to be a great decision for many. With the price continuing to grow, the potential for future gains is definitely there, especially as we see how crypto markets evolve. In addition to Bitcoin, there are emerging projects like Waterfall Network's WATER Coin that offer interesting opportunities as well. Diversifying across different networks and coins might be a good strategy for the future, depending on your goals.
Post
Topic
Board Altcoin Discussion
Re: Staking Altcoins For Interest Questions?
by
AlexanderM83
on 01/10/2024, 13:58:41 UTC
Quote from: jerry0 on September 05, 2024, 11:31:00 PM
I know many coins out there, you could stake and get interest on it.  The issue is if you buy that coin and say the coin drops in price, even if you earn money from staking, the price of the coin dropping means you would lose money.  It seems the only safe staking is coinbase with usdc where you get 5% correct?  However, is that still not safe like how gemini use to offer like 7% or more on their gusd?


On ledger live, it seems to show how certain coins you could earn interest in it like tezos which is 9%.  ETH is like 3%.  There are several other coins which is under 10%.  Those are with 3rd party right?  Are those safe?


Now if someone is going to hold an altcoin and can stake it, is there any reason not to stake it?  This is assuming you already bought that altcoin a while back and don't plan to sell it.  Staking altcoins isn't similar to like how people staked with nexo and celsius a while back or it's the same?
You're right that staking can be risky if the coin's value drops, even if you're earning interest. That's why it’s important to choose projects with strong fundamentals. Waterfall Network is an interesting option if you’re looking for a new project with unique technology. It’s built on BlockDAG, which provides scalability and resilience, making it potentially more sustainable than some other altcoins. If you're holding an altcoin and don't plan to sell, staking can be a way to earn extra rewards, as long as you’re confident in the long-term value of the coin. Just make sure to assess the risks carefully, especially when dealing with 3rd parties or emerging platforms.