Welcome back,
In today's blog we will talk about the trend of minting coins on different blockchains. There were recent trends where people minted coins on BRC-20 network using Unisat wallet that is particularly used for bitcoin.
Then we saw Bitmaps as well as dogemaps, CBRC-20 was another chain that started their minting process. Before you dive in and start minting coins on different blockchain make sure to learn few things.
- Find the trend, for example Injective blockchain is one of those layer 1 blockchain where we have seen the whales interested. So you can keep an eye on when the minting for Injective chain token starts.
Secondly, make sure to use a test wallet or burner wallet. The wallet that does not have your main funding and the wallet that is used only for these testing and minting process, make sure you keep them seperate.
Third is to learn how things work, do not jump in and start with zero knowledge. If you are working with cosmos ecosystem, make sure to learn to use that properly.
Chase the low supply coins and mint them, they are probably the main token of these initiatives, and they are the one that will be going to benefit you the most. At least do not mint those tokens that are so much in supply as there minting might take a lot of time to get completed.
So, these are few things that one should take care of while taking part in any of the minting. I must say that this is not for people who are rookie but only for those who are expert with wallets.
Before I stop writing let us take a look at the global crypto market cap, It has crossed more than half of what was the maximum reached market cap in last bull run.
The market is ready to show some great moves followed by a dump soon, that is how I look the market for now.
Thank you