Virtual Currency - Alt Coin Discussion Thread

Virtual Currency - Alt Coin Discussion Thread

I wanted to post a different thread to discuss the "crypto-coin" boom that happened this week.

For those who don't know, crypto-coins (or alt coins) have exploded in popularity among the bitcoin crowd. Some coins have gone from 5-10 cents to 2-3 dollars, making early investors millions. The market caps have gone from $500,000 being significant to the same coins have 20-30 million in market cap just two weeks later.

While alt-coins have long been a favorite of the "pump and dump" crowd - much like penny stocks - it's been their popularity in China this week that have many thinking if the run can be more sustained.

Even more, some (like WorldCoin) have financial services coming out that will allow direct crypto-fiat transactions...much like Coinbase is for bitcoin.

Anyway, I really wanted to get a good discussion going here of these coins. Full disclosure: after staying FAR away from alt coins this summer I recently jumped in to three that I like a lot and think they have a lot of long-term potential: WDC, Megacoin, and Peercoin. I'd love to hear what coins others like and the reasons why!

SoP

30 November 2013 at 03:54 AM
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92 Replies

5
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by MSchu18 k

I don't even understand what you are asking here.


Sol and Near last cycle, did amazing, well sol did, got in at 1.50....

What's the next reputable coin at the 1-7 dollar range? that actually has functionality?????????????

Eth ratio to BTC, is wack, so we're looking at a 10K eth next year, sol... will go up too if that happens from 200 to ????? or btc comes down and I will laugh.

What's the next 1-7 dollar non meme coin for 2025-2026???


by TopPair2Pair k

what's this cycles sol? I'm thinking immutablex

Seems like SUI. All hype, no track record or bear market bag holders suppressing price. Recipe for pump it up-only bull market.


I've heard of it, but need to do some research. thanks


Fartcoin is blowing up. There is another one called Fart Coin, but Fartcoin is the one you want. Although fart coin might also go up due to the confusion.



Doge up 100% in the last week... Makes sense. -_-


by Go Get It k

Doge up 100% in the last week... Makes sense. -_-

Department Of Government Efficiency pump


by johnnyBuz k

Seems like SUI. All hype, no track record or bear market bag holders suppressing price. Recipe for pump it up-only bull market.

SUI or Kaspa imo. Kaspa much better fair launch vs another VC pump. IMX could explode too if gaming gets hype.


I mean, there is a timeline where doge becomes the 2nd biggest crypto right? Maybe I am just in dreamland. As Elon said though, the funniest jokes are the ones that become reality.

He always joked/ran polls about making Tesla buys possible with doge, and now he named his department after it. Also he would love to make it the currency of X (imo) and who is going to stop him now?


by SootedPowa k

I mean, there is a timeline where doge becomes the 2nd biggest crypto right? Maybe I am just in dreamland. As Elon said though, the funniest jokes are the ones that become reality.

He always joked/ran polls about making Tesla buys possible with doge, and now he named his department after it. Also

I don't see it. The gap is way too big and DOGE does nothing but memeing.

Could flip BNB/SOL.

Tether doesn't really count imo.

So chalk it up to 3 (or 4 if you count stablecoins) at best.



DOGE is the 2nd largest proof of work coin and could potentially end up being the "bad money" part of Gresham's law to Bitcoin's "good money."


In economics, Gresham's law is a monetary principle stating that "bad money drives out good". For example, if there are two forms of commodity money in circulation, which are accepted by law as having similar face value, the more valuable commodity will gradually disappear from circulation.

It is like when Gold and Silver were money, people spent their Silver as soon as they got it as it was more plentiful and would eventually tarnish. Eventually only Silver was used in transacting day to day market goods. Gold was used only for large purchases like land or a horse, but primarily as a store of value.


Doge is a dead project. The only reason it’s still up there on CMC is because of one man as we know.


If he chooses to promote using DOGE.
This coin can be top three easily. Yes, that’s how much power he has.


DOGE makes things much easier for Elon, because he did not launch this coin, and he will never launch one.

Using DOGE as his tool makes all the sense. No legal trouble, it’s a meme coin that does not promise anything.

Once Elon decides to abandon DOGE, it will quickly dump to be outta top 50. But I highly doubt he will ever do that. Just like Saylor will never sell.

Legacy more important than $


by unit18 k


Doge is a dead project. The only reason it’s still up there on CMC is because of one man as we know.

DOGE makes things much easier for Elon, because he did not launch this coin, and he will never launch one.

Using DOGE as his tool makes all the sense. No legal trouble, it’s a meme coin that does not

but Elon could do the same with Bitcoin. he just does it with Doge because it's funny.

you're right that it's a dead project with no development or anything.


So how high do we all think Doge will go? I had a nice surprise just now when I logged into kraken and saw my £100 worth of doge is now worth £850, completely forgot about it lol


I first got into crypto by purchasing 1 million doge for about 200 usd using PayPal.

Really wish I still had that computer right now.


by unit18 k

Doge is a dead project.

Doge is not a dead project... it's a fully functional pow protocol that is in need of development.

Tokenomics are a little funky... but some software updates could solve that

I think my Doge high total was 35 mil doge last cycle.


by MSchu18 k

Doge is not a dead project... it's a fully functional pow protocol that is in need of development.

Tokenomics are a little funky... but some software updates could solve that.

* in need of development
* some software updates could solve that

Exactly. No one is developing it, or on it. Hence dead.

Yes miners are still running. It's not dead in that sense.


Its just a culture coin. No point in developing it. Anyone wanting to dev it would be way better served taking advantage of the bonky tokenomics and selling in a bull.


DOGE seems to be the perfectt thing for investors with very little capital and knowledge to just try and practice and learn from withvery littel investment or risk

wish I wuldhave gotten in years ago


by SootedPowa k

I mean, there is a timeline where doge becomes the 2nd biggest crypto right? Maybe I am just in dreamland. As Elon said though, the funniest jokes are the ones that become reality.

He always joked/ran polls about making Tesla buys possible with doge, and now he named his department after it. Also

No. Whatever layer-1 becomes/remains the dominant smart contract platform will be #2 by a large margin and #3 will also be ahead my a large margin.

DOGE is fun but it’s not a serious thing and TradFi allocating to BTC/ETH/SOL is orders of magnitude larger than retail capital pumping DOGE.

Also, DOGE will not be money because it has no supply cap and inflates 5.25 billion per year or 12% since Nov. 2021.


Thanks to everyone who responded to me and yeah its all fair enough what you all said. In the end the only reason doge pumped both now and in 2021 is because of one man.

Originally I bought doge not to try and make money (sounds dumb I know but its true) but because I found it funny and liked the vibes. It won't ever lose that and in its own way it's literally showing the world the value of humour.

I think (going just off memory) at the top in 2021 it was 4th on CMC. Looks like that is the peak ranking possible then.


DOGE is a 53 billion dollar protocol... that's billion.
I don't know how many of you guys realize how much total value locked that represents in comparison to real world business.


Okay, help me with some tokenomics please. I am building an open source poker online client as a hobby.

Just saw how easy it is to build on Sui and decided to price the funding there, how many tokens?

1Billion?
price?

the tokens may not nessecearioly get used to play in the room but for now I think getting the ball rolling with Sui is the best bet. Instead of deliberating on whether the Sol ecosystem or something else is more suited.


Tokenomics is price to value... not how much is need to accomplish a feat, Unless your goal is to create scarcity with sustainable inflation/deflation.

I think it is more likely that a poker app would use a stable coin pegged to an asset, like USD. That means the coin/token issuance/burning fluctuates with usage to maintain that peg.

Is that what you are asking?


Nope, if you was building an open source poker project. And a token for funding the project, how much circulating supply do you guys think I should start with? And price?

Token is a shitcoin for funding to pay outstanding contributors, community will vote on who gets paid what at the end of the month in shitcoin.

Stars was sold for 5biliion, so I might just make the circulating supply 5billion. The Sui token doesn't really matter as will need to relaunch with a coin of my own eventually. Once I have an actual clue of what I am doing tokenomics wise.

5Billion Circulating supply
0.0000 0001 price
Starting Liquidity £2K.

The readme is wrong, I'm updating the feature section with an excel spreadsheet as only way to describe what's needed. This is a retirement hobby, no troll plz. Posting in software forum prolly this weekend with the project spec. Once I've minted the token on Sui.


Tokenomics are entirely inconsequential unless you want to build in some sort of gamification or incentive.

Sounds like you just want a functional "currency" that you control?

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