XRP Price Analysis: With XRP Prices Drops Under $0.60, What’s The Next Buying Spot?
XRP coin price undergoes a sharp correction phase following the remarkable 73% jump on 13th July. However, the cool-off rally following the price jump leads to a stronger correction phase. The ongoing market-wide correction intensifies the downfall.
With a 28.85% fall in the last 28 days, the correction rally deteriorates the bull run of the partial win against the SEC. The intraday trading volume spikes in sync with the downfall representing a spar in selling spree.
The bullish attempt to hold off the correction rally above the 50-day EMA fails with the 3.90% fall on 15th August. The breakdown initiates a new correction phase, accounting for a 7.90% decline in Ripple market value since then.
The daily candle shows a doji candle formation with a 0.81% fall, but the high selling pressure warns of a more extended correction.
Coming to the technical indicators, the bearish influence is evident over the daily chart. The MACD indicator shows the lines fail to give a bullish crossover as the bearish histograms restart. Meanwhile, the RSI line continues to dip to the oversold boundary.
Will XRP Resurge To $1?
Considering the altcoins market shows some healthy recovery signals, the XRP coin price can find some reversal opportunities. Ripple’s next potential reversal spot stands at the $0.53-$0.54 demand zone, coinciding with the 78.60% Fibonacci level and close to the 200-day EMA.
Optimistically, the reversal rally can rechallenge the $0.84 resistance level to reach $1 if the XRP prices resurface above $0.65.
On the flip side, the downtrend continuation below the 200-day EMA will highlight a more catastrophic correction. The following support levels are at $0.45 and $0.41.
Africa Buying DigiToads (TOADS) As Token DeFies Odds & Soars
Surprisingly, the Kenyan government has boldly banned Worldcoin (WLD), a once-promising digital currency, within its borders. This move has sent shockwaves through the cryptocurrency market, prompting investors across Africa to seek alternative opportunities. Amid this turmoil, a new token, DigiToads (TOADS), has emerged as a captivating contender, defying conventional expectations and experiencing a remarkable surge in value.
TOADS stands out as a rapidly growing utility token that is gaining significant traction within the crypto space. The DeFi project known for its innovative approach to blending cryptocurrency with gaming and NFT staking. It has been attracting attention as it continues to flourish despite challenges faced by other tokens. The attraction towards TOADS encompasses its potential for financial prosperity and its unique avenues for generating passive income.
This article explores the rising popularity of TOADS as a promising token amidst challenges and examines the reason for the Worldcoin ban in Kenya.
DigiToads (TOADS): Beyond Meme Coins, Transforming DeFi with NFTs, Gaming, and Sustainability
The DigiToads DeFi project goes beyond a meme coin. It aims to positively impact many areas of life through innovative strategies, including NFT staking, P2E gaming, and environmental dedication. With the Worldcoin ban creating a market gap, the TOADS token stands out, drawing African investors looking for the best crypto to invest in for high growth potential.
The P2E gaming aspect of DigiToads has proven to be particularly enticing. The prospect of collecting, nurturing, and battling unique DigiToads and the opportunity to earn real rewards has resonated strongly with the African investor community. The use of TOADS tokens within the game to enhance the strength and abilities of DigiToads adds a layer of engagement and competitiveness that aligns well with the aspirations of African gamers.
NFT staking has further solidified DigiToads’ reputation as a token with a difference. The platform’s dedication to rewarding its community members is evident through allocating 2% of every TOADS transaction to the staking pool. This commitment ensures consistent and attractive rewards for NFT holders actively participating in the staking process. As top NFT stakers contribute to the longevity of the ecosystem, they reap the benefits of their commitment.
The introduction of monthly trading competitions, coupled with the captivating reward of a Platinum TOADS and the opportunity to influence the TOADS treasury, has sparked interest among African traders. The potential to not only participate in the growth of the treasury. However, earning a share of trading profits also adds a layer of financial motivation. That resonates in a region where resourcefulness and entrepreneurship are highly regarded.
As DigiToads strives to soar higher, its pledge to environmental stewardship shines brightly. A commendable 2.5% of profits from the DigiToads project are channelled towards charities dedicated to reforestation and rainforest preservation. This commitment resonates deeply, intertwining sustainability with innovation.
Worldcoin (WLD): Innovative Universal Income Distributor Faces Setback with Kenyan Ban
Worldcoin, is a prominent cryptocurrency. It has garnered considerable attention on the global stage for its innovative approach to universal primary income distribution. WLD aims to address economic disparities and empower underserved populations by providing free digital currency to every eligible individual worldwide. Its unique use of biometric identification during the onboarding process ensures that each recipient is a natural person, helping to prevent fraudulent activity.
Despite its noble intentions, Worldcoin has faced scrutiny and challenges in various regions. The recent developments in Kenya bring the cryptocurrency’s future into question. The decision to ban WLD in Kenya stemmed from concerns over its potential impact on the local economy and financial stability. Authorities raised issues about the lack of regulatory oversight and the potential for money laundering and tax evasion.
Summary
As Worldcoin faces challenges, DigiToads stands strong, attracting investors from Africa who recognize its potential. DigiToads’ multi-faceted approach, ranging from P2E gaming to top NFT staking and environmentally conscious initiatives, positions it as an attractive option in the face of adversity. As more investors from Africa embrace TOADS, the token’s defiance of odds and its soaring trajectory illustrates its potential to significantly impact the region’s financial landscape. TOADS is currently in its last presale stage, and investors can seize this opportunity to buy TOADS tokens using various crypto coins like USDT, BTC, and ETH.
XRP Price Analysis: Taking A Closer Look into XRP Downfall Sparks a New Buying Spot!
Following a phenomenal spike of 73% on 13 July with a partial win in the SEC case, the Ripple coin price reached the height of $0.82. However, following the partial win, the XRP prices struggled to maintain the bullish rally leading to a double top formation at the $0.82 mark with a neckline at the $0.70.
Moreover, the falling XRP prices have a bearish wedge pattern in the daily chart. After a few days of consolidation at $0.70, the extensive selling pressure at the resistance trendline led to a sharp fall in Ripple’s market value.
The downfall accounts for a 12% drop in the last four days, making four consecutive bearish candles. Moreover, the RSI line maintains a declining trend as it breaks below the halfway line, projecting a solid underlying bearish momentum.
The deadly discount in the Ripple coin price led to the breakout of the falling wedge pattern and the 38.20% Fibonacci level at $0.64.
Currently, the XRP market price struggles to sustain about the 50-day EMA. However, the rise in selling pressure projects a downtrend continuation to the 61.80% Fibonacci level at $0.53. Moreover, a support zone coincides with this 61.80% fib level increasing the likelihood of a bullish comeback.
The downfall to $0.53 also comes as the retest of the bullish breakout, making it a crucial buying spot.
In conclusion, the downward trend in the Ripple coin prices is expected to continue to discount the market value by 15%. However, a bullish reversal from the 50-day EMA might retest the bearish wedge breakout at $0.64.
Early Bitcoin (BTC) Investors are Buying Borroe ($ROE)
The surest way to become a crypto millionaire is to invest in a high-potential token early and wait for it to gain massive adoption before selling for astronomical profit.
Nobody understands this roadmap better than early Bitcoin (BTC) investors. Early Bitcoin (BTC) investors are now looking for a fresh opportunity, and Borroe ($ROE) might be the alternative.
These savvy investors are looking for a new token to buy, and some are focusing on Borroe ($ROE). This new platform is ready to introduce AI, blockchain, and NFTs into the content creation game.
Bitcoin (BTC) Holders Record Losses in Late July 2023
Data from Saintment shows that whale Bitcoin wallets have experienced a slight 1% decrease since Q2 2023.
On the other hand, shark Bitcoin wallets saw a 3% increase since January 2023. For context, Saintment classifies Bitcoin wallets into whales, sharks, and shrimps. Whale wallets have 100+ Bitcoins, shark wallets hold 1 to 100 Bitcoins, while shrimp wallets hold less than one Bitcoin.
Experts say this disposal by whales to sharks could mean different things. According to analysts, it may mean that long-term/institutional BTC investors are anticipating a considerable price fall in Q3 2023. It may also mean whales are trying to drive down Bitcoin to buy at lower prices.
On July 13, Bitcoin sold at its 30-day high of $31,660. This price surge was due to a favourable court ruling in the SEC vs. Ripple case. Shortly after, Bitcoin fell to $30,123, and the token declined further. It is selling for $29,085 on July 25, losing 3.2% in the last seven days.
Borroe ($ROE): Another Massive Opportunity Arrives the Crypto Market
Borroe ($ROE) is an AI-powered funding marketplace that helps web3 participants and other content creators generate cash by selling their future digital earnings to community members. Essentially, Borroe ($ROE) allows you to turn your subscriptions, invoices, and royalties into NFTs and sell them on the platform at discounted prices.
Content creators and web3 players like Borroe ($ROE) because the platform incorporates efficient payment solutions, AI risk assessment, and blockchain technology to promote a straightforward and secure fund-raising process. With the P2P system, buyers can easily trade their NFTs and facilitate a more active web3 fund-raising platform.
Currently, Borroe is in its Beta Stage, which is the first time the token is available to the public. Borroe ($ROE) is selling for $0.010 at this stage, and it will surge by 25% in its next presale stage.
Borroe ($ROE) will hit the mainstream crypto market and trade for $0.040 when all presale stages are done. For early Borroe ($ROE) investors, this will represent a 300% rise in the value of their tokens.
Learn more about the Borroe ($ROE) presale here:
Bitcoin Enters The $28K Region Due To Low Buying Pressure – Will Bulls Take Charge Now?
After a series of days stuck under the $30K line, Bitcoin has finally shown a clear trend, though it’s not the one bulls were hoping for. Bitcoin slipped below its monthly support of $29K, and it didn’t stop there, continuing to slide down to the $28.8K mark. This severe bearish swing led to a massive market liquidation today. However, analysts are viewing this as a prime opportunity to go long on Bitcoin’s price, with the aim of pushing it back up to $30K.
Bitcoin Records Massive Liquidation
Bitcoin experienced a drop today following a report by the Wall Street Journal that Binance’s CEO, Changpeng “CZ” Zhao, allegedly indicated in a private discussion that the cryptocurrency exchange’s affiliates had engaged in wash trading a few years back. Additionally, warnings from Chinese policymakers about a challenging economic recovery, without the promise of substantial stimulus, also contributed to the decline.
Moreover, Bitcoin took the spotlight as funds tracking BTC reported outflows amounting to $13M. Meanwhile, products shorting Bitcoin continued to see outflows for the 13th consecutive week, totalling $5.5M. According to a report by CoinShares today, investors are beginning to prefer Ethereum over Bitcoin, as evidenced by the $6.6M of inflows into Ethereum.
According to Coinglass’s total liquidation chart, there was a significant surge today following the drop in BTC price to $29K. Both short and call holders experienced heavy liquidations, but long positions were the most affected, with the total amount surpassing $41 million.
Conversely, put positions experienced a minor decrease in liquidation to $3 million. However, it’s worth noting that sellers had previously liquidated $10 million worth of holdings profitably when the BTC price nearly reached $30.1K.
What’s Next For BTC Price?
Bitcoin has been consistently trading below the 20-day exponential moving average and created more distance today by dropping below the $29.5K level. However, a silver lining is that the bears failed to drive the price below $28,700.
This indicates that the bulls are still in the game, purchasing at every slight drop. The bears’ repeated inability to drag the BTC price lower could potentially draw in buyers.
If the price surpasses the 20-day EMA, it might surge toward the immediate resistance at $30,200. A breakthrough above the $30,500 zone could pave the way for a potential rally to $31,800.
Conversely, if the price drops and falls below $28.3K, it would signal a spike in bearish confidence. The price could then tumble toward the support level of $26,700.
The moving averages on the four-hour chart are declining, and the relative strength index (RSI) has dropped to the overselling region, suggesting that the price may continue to witness volatility.
Binance Supporters Stealthily Buying BNB and Inqubeta
In the ever-evolving world of cryptocurrencies, market trends can provide crucial insights into the next big opportunities. Lately, a bullish signal has been detected as Binance supporters discreetly move to acquire BNB and InQubeta(QUBE) tokens. This shift in investor sentiment has not gone unnoticed, sparking curiosity among crypto enthusiasts and investors alike.
We will explore the features of QUBE, why it is an essential addition to any investor’s portfolio, and why you shouldn’t miss out on the ongoing InQubeta presale, which has already raised over $1,600,000 in just a few weeks.
Unlocking the Power of InQubeta
InQubeta has emerged as a force to be reckoned with, attracting the attention of Binance supporters who recognize its potential. By understanding the remarkable features of QUBE and its long-term growth prospects, investors are quietly positioning themselves for success.
Why QUBE is a Must-Have Crypto in Your Portfolio
1. AI Industry Focus:
InQubeta has positioned itself at the forefront of the AI industry, making it the best crypto to invest in today. With artificial intelligence reshaping various sectors, QUBE provides investors with an opportunity to be part of this revolutionary wave. By investing in QUBE, you gain exposure to a high-growth industry that is driving innovation and disruption.
2. Transparent Funding Mechanism:
QUBE stands out from other crypto coins due to InQubeta’s transparent funding mechanism. Through fractionalized NFTs, investors are connected to promising AI startups, creating a fair and transparent ecosystem for funding. This transparency fosters trust and community engagement, ensuring your investment supports the most promising ventures.
3. Security and Reliability:
InQubeta prioritizes security and reliability, undergoing comprehensive smart contract audits by industry-leading firms. This rigorous evaluation ensures the platform’s robustness and mitigates the risk of vulnerabilities. As an investor, you can have confidence knowing that your funds are safeguarded within a secure ecosystem.
4. Governance and Staking Incentives:
Investing in QUBE goes beyond token ownership. As a QUBE holder, you gain governance rights, allowing you to actively participate in shaping the future direction of InQubeta. Your voice matters in key decision-making processes, ensuring the platform aligns with the community’s interests. Additionally, staking QUBE tokens offers attractive incentives, rewarding long-term holders and strengthening the investment proposition.
Don’t Miss Out on the InQubeta Presale
The ongoing InQubeta presale is a golden opportunity that should not be overlooked. With over $1,500,000 raised within a few weeks, the community’s enthusiasm is a testament to the project’s potential. Participating in the presale allows you to secure QUBE tokens at favourable prices, providing a significant advantage as InQubeta continues to gain traction. This is your chance to be an early adopter and position yourself for potential long-term growth.
In Conclusion
As Binance supporters stealthily acquire BNB and QUBE tokens, a bullish signal has emerged, signalling the potential of InQubeta in the crypto market. QUBE’s focus on the AI industry, transparent funding mechanism, security measures, and governance opportunities make it a must-have in any investor’s portfolio.
Don’t miss out on the ongoing InQubeta presale, where you can secure your investment and be part of a project that has already raised over $1,600,000. Seize this opportunity and embark on your journey towards crypto success with QUBE and InQubeta.
Wall St Memes Raised $15 Million in the WSM Presale. Why are Investors Buying It?
Sometimes a project comes along that is so staggering in its success that it makes you wonder why it is so special. Wall St Memes (WSM) is just that project – and its presale isn’t over yet. Still, it has pulled in over $15.2 million, and there’s no sign of the end of its growth any time soon.
We’ll explain why Wall St Memes is attracting so much investment, but first, let’s take a look at all the details of the presale.
WSM Presale Eases Past $15 Million in Presale Funding
The main fact here is plain and simple: the WSM presale has raised over $15.2 million in its presale. It looks increasingly likely to hit $16 million and possibly even more.
The token is being sold at a price of $0.0316 currently, with an increase to $0.0319 in the next stage. It accepts ETH, USDT, or cards for payment.
It’s also worth noting that the team has transparently disclosed the tokenomics for the WSM token. In the presale, 50% of the token supply has been allocated, with 30% dedicated to community rewards and the remaining 20% evenly distributed between CEX and DEX liquidity.
Excitingly, there are plans for an upcoming airdrop event for the WSM token. To qualify, individuals simply need to join and actively engage with the various social channels associated with WSM. Holding and trading WSM tokens also make participants eligible for this enticing airdrop opportunity.
What Makes Wall St Memes Stand Out?
Wall St Memes stand out due to several compelling factors. Firstly, it boasts a robust and highly engaged community across various social media platforms. This vibrant user base serves as a solid foundation for rapid growth and expansion. Additionally, the project’s previous interaction with Elon Musk adds an extra layer of credibility and recognition, potentially shaping the trajectory of this meme coin significantly.
The presence of such a large and engaged community also increases the likelihood of Wall St Memes being listed on prominent tier 1 exchanges. Such a listing holds immense significance for future growth and visibility in the cryptocurrency market.
With the way things are going, WSM could very well become the token that represents the meme coin market and perhaps even something more. There is a certain X factor with this meme coin, one that hasn’t ever been seen before.
You might think that it’s all just memes, but crypto investors at large know that there’s something more special when it comes to certain meme coins. WSM oozes this trait and it’s why everyone is pouring funds into it.
Why Does WSM Exist At All?
Wall Street Memes have emerged as a unique community and platform originating from the GameStop controversy and the Wall Street Bets movement. It seamlessly combines elements of internet culture, meme-based humour, and the financial world. The primary objective of Wall Street Memes is to satirize and mock the traditional financial system while allowing individuals to participate in cryptocurrency investments, specifically focusing on meme coins.
In a creative representation of the movement, Wall Street Memes introduces its own cryptocurrency, the WSM token. This token serves as a gateway for individuals to engage in speculative investments reminiscent of those observed on Wall Street, albeit with a humorous and irreverent twist. By becoming part of the Wall Street Memes community and investing in WSM, individuals can demonstrate their support for the movement and potentially generate profits from meme-based cryptocurrencies.
HANKEY is Another Meme Coin to Watch Out For
There’s another meme coin that’s been making the rounds, and it’s Mr. Hankey Coin (HANKEY). This token’s presale astonishingly sold out in 12 hours and has already been listed on DexTools. We highly recommend that you take a look at this one as well.
While you may not be able to get it in a presale, you can still find it on DexTools. This is another token that is poised for great growth in 2023. This year is turning out to be a wild one for meme coins!
Conclusion
We don’t know if there’ll ever be another token like Wall St Memes. With the way investors are purchasing WSM in the presale, they seem to think the same too. If it’s a token that you fancy adding to your portfolio, consider checking out the presale before the prices go up.
Bitcoin Loses Buying Pressure As It Crashes Heavily – Here’s Why $30K Is Imminent For BTC Price
Bitcoin’s price saw a significant upswing, spurred on by Ripple’s victory in its legal battle with the SEC. The price of BTC even approached the $32K threshold, but a decrease in buying pressure led to a substantial decline. Bitcoin’s bullish momentum suffered another blow recently as the price dipped below the $31K mark, with the cryptocurrency currently struggling to maintain its momentum. This development has left investors and market watchers speculating about the next support level for Bitcoin’s price.
Bitcoin Bulls Need To Work Harder
Bitcoin’s price movements are reverting to solidify support following the swift gains experienced the previous day. Bitcoin’s price responded immediately to the news that a U.S. judge had endorsed the notion that the altcoin XRP does not qualify as a security.
Markets interpreted this as a setback for the Securities and Exchange Commission (SEC), which has been attempting to categorize altcoins as securities across the board in recent months.
Bitcoin’s price has declined below $31K, fuelling bearish bets among traders. The inability to hold the momentum at $31K clarifies why bullish traders chose to lock their profits.
The aggregate open interest for Bitcoin options on Deribit for July 15 indicates a 1.16 put-to-call ratio, highlighting the difference in open interest between the $339 million call (buy) options and the $398 million put (sell) options. The maximum pain point is set at $31,000, with sellers heavily wagering on a drop to $30K by tomorrow.
Bitcoin’s liquidation chart reveals that bullish traders exited their positions when Bitcoin fell below the $31K mark. This led to a surge in long liquidation to $30 million, which exerted downward pressure on the price chart and reinforced the bearish prediction of a drop to $30K.
What’s Next For BTC Price?
Bitcoin managed to break and settle above the resistance level of $31,000, but the bulls are finding it challenging to hold this momentum. This indicates that the bears are still in the game, selling off at higher levels. As of writing, BTC price trades at $30,220, declining over 4% in the last 24 hours.
While the ascending moving averages suggest a buyer’s market, the relative strength index (RSI) is displaying a bearish divergence with its downtrend, hinting at a possible weakening of the bullish momentum.
The bears will attempt to drag the price back beneath the $30K level. If successful, the BTC price could descend to the crucial level of $29,500. This is a crucial level to monitor. A rebound from this point would imply that the market sentiment remains positive and traders are purchasing during price dips. A surge above $32,500 could pave the way for a potential climb to $40,000.
Conversely, a break and closure below the $29,500 will intensify selling pressure. For the bears to gain control in the short term, they would need to send the price to $27K.
3 DeFi Tokens Worth Buying In July; TOADS, AAVE And CAKE
Decentralized finance provides a glimpse into the future of the financial sector. The transition towards a system that gives more control to participants is a positive development. DigiToads (TOADS), Aave (AAVE) and Pancakeswap (CAKE) are projects at the forefront of this transition.
DigiToads is notable despite only being in its formative stages. The project is almost concluding its presale, which has raised close to $6 million from token sales. This haul for a new project in a tough market is impressive. DigiToads is looking to shift the focus of memecoins in the cryptocurrency industry permanently.
Decentralized finance (DeFi) broadly refers to financial services on the blockchain. In the past five years, lending, exchange, data solutions and other decentralized investment channels have taken off online. This spike has significantly increased interest in blockchain research and exploring ways this technology can improve services.
DigiToads (TOADS)
This project is a memecoin unlike any other. Memecoins typically take after a popular meme with no underlying utility or roadmap. DigiToads is a play-to-earn gaming ecosystem that goes further than its predecessors. Accordingly, the TOADS token has gained tremendous interest during the presale, which is happening in ten stages.
The presale was at stage 9 at press time, with tokens available at $ 0.047. This price represents a 370% gain from the start of the presale. TOADS should have an ROI of 450% by launch, with investors optimistic it will be their next 100 X tokens.
The TOADS token forms a crucial part of the gameplay reward system. Accordingly, it is an exciting token because its performance is not merely speculative like other memecoins. The utility of the token in the gaming ecosystem.
PancakeSwap
This decentralized exchange has emerged as a genuine competitor for Uniswap. Pancakeswap runs on the Binance Smart Chain (BSC), which BInance created for smart contract platforms. CAKE is the native token on the DEX and is vital for liquidity on the exchange.
Pancakeswap also uses Automated Matchmakers (AMM). This DEX gained visibility in the past three years and has billions of dollars in total locked value. Liquidity providers earn yield in CAKE, which has become a notable token in crypto markets because of this utility value.
AAVE
The explosion of decentralized finance also thrust the Aave protocol into the limelight. This project launched in 2017 but became significant as DeFi exploded in 2020. It is a non-custodial platform for crypto lending in a trustless and transparent format.
Borrowers can access crypto loans based on their collateral. Lenders lock funds for sometime and get rewards in AAVE tokens. Crypto lending can transform finance by automating lending and borrowing and giving access to the financial system for many who miss out on lending in traditional finance.
DigiToads launches its NFT minting tool
Development on the gaming ecosystem is ongoing. The work that goes into creating a high-level gaming ecosystem is intense but eventually rewarding. DigiToads also has an NFT collection for users to create value. You can mint tokens in the game and stake them to earn a percentage of TOADS transaction fees.
DigiToads has unveiled its NFT minting tool, which is now available at https://mint.digitoads.world/
Conclusion
The above-listed tokens represent different flag bearers of decentralized finance. DigiToads is a transformative project for memecoins, while CAKE and AAVE are significant in the trading and lending sectors, respectively.
For DeFi enthusiasts, they represent opportunities. The opportunities are both in the value creating sense from staking on these platforms or potential upside from token appreciation. DigiToads is the standout project here because it has so much upside as it heads for launch.
Ethereum Lacks Buying Pressure as It Dips Below $1,900 – Here’s What Could Hold ETH Price
As Bitcoin’s price recently declined below the $30.5K mark and tumbled near $30K, it brought a slight bearish domination to altcoins, and Ethereum is no exception. The recent dip raises questions about the upcoming trend of Ethereum’s price, what factors could potentially influence its recovery and whether ETH price could reach the $2K mark. As of now, Ethereum is struggling to regain its footing and build bullish momentum, making it crucial to analyze the reasons behind this lack of buying pressure.
Ethereum Shows Bullish Developments
In May 2023, ETH Staking achieved an unprecedented peak, as reported by Glassnode. Surpassing this milestone, investors persisted in staking more coins the following month, further elevating the benchmark. The chart illustrates the period from June 1 to July 4, during which ETH holders staked an extra 1 million ETH coins. As a result, the total amount of ETH staked now constitutes approximately 30.6% of the overall circulating supply.
A supply squeeze commonly arises when the availability of an asset becomes constrained or restricted. Such circumstances frequently result in substantial price surges due to temporary challenges in acquiring the asset.
As Staking activity intensifies, the supply of tokens accessible for fulfilling market orders diminishes proportionately. If this situation persists, it could potentially give rise to a supply squeeze in the Ethereum ecosystem.
However, Recent findings from Glassnode suggest a slowdown in network activity despite the comparatively lower transaction fees. To delve further into this matter, data indicates that during the Shanghai upgrade event in April, which was followed by a similar rally in ETH markets, gas prices experienced a 78% increase, in contrast to the 28% increment observed so far this week.
What’s Next For ETH Price?
The bears recently attempted to pull Ether’s price way below the 50-day EMA at $1,913, but the presence of a long tail on the candlestick indicates that the bulls are actively purchasing during minor dips.
Currently, the 20-day EMA has shown a downward turn, and the RSI is below the midline at 41 on the 4-hour price chart, indicating that the bears are gaining their power. If the ETH price drops below the immediate support line at $1,890 and heads toward $1,846, it will intensify a rally toward $1,761.
On the bullish side, there is a slight resistance at $2,000, but it is likely to be overcome. As a result, it is expected that the ETH price will experience a rally toward the overhead resistance zone ranging from $2,150 to $2,200. However, it is anticipated that sellers will fiercely protect this zone.
This optimistic perspective will be nullified in the near future if the price reverses from $2,000 and drops below the moving averages. In such a scenario, the price may continue to trade within a range-bound pattern between $1,600 and $2,000 for a while longer.
Why Are Early PEPE Adopters Buying More TOADS?
Pepe has been a viral meme coin built on the theme- Pepe the Frog. This DeFi coin has made waves across the internet, capturing widespread attention. As the digital landscape evolves, the concept of collectible tokens has taken center stage. Among these best DeFi crypto coins, PEPE and DigiToads (TOADS) have emerged as prominent players. While PEPE tokens have garnered early adoption and established their presence, it begs the question: why are these early PEPE adopters now flocking to acquire more TOADS? In this exploration, we delve into the unique qualities, value proposition, and potential growth prospects that make DigiToads an enticing choice for investors.
An emerging project has recently taken center stage, DigiToads presale is experiencing rapid sellouts, gaining popularity as a meme coin embraced by both play-to-earn gamers and crypto-savvy investors. Here are compelling reasons to consider adding these meme coins to your portfolio in the current year.
DigiToads Stands Out as the New Meme Coin with Unique Concept
DigiToads has exhibited impressive performance throughout the beginning of Q2 2023, establishing its dominance in the market. The ongoing presale has played a crucial role in bolstering the meme coin’s reputation and generating substantial interest from investors. Remarkably, the project has already secured a remarkable funding amount of over $5.7 million through its presale, which is structured into ten stages. Currently, investors are actively engaged in the ninth phase of the presale, further contributing to the project’s growth and success.
Within the DigiToads platform, users can immerse themselves in an exciting gaming environment that provides interactive experiences. They have the opportunity to engage with avatars, participate in nurturing activities to collect TOADS and take part in thrilling battles. Serving as the project’s native token, it acts as a functional currency for all transactions within the DigiToads ecosystem. Players can utilize TOADS to acquire weapons and various in-game items, enhancing their gaming experience and progression within the platform.
DigiToads has also introduced NFT staking. When NFT holders stake their tokens, they become eligible to receive TOADS rewards. These rewards are generated from a 2% transaction fee, allowing NFT holders to earn passive income based on their staked tokens.
Furthermore, DigiToads has outlined plans to organize an on-chain trade contest, offering monthly rewards of Platinum Toads to winners over the course of a year. Holders of Platinum Toads will gain access to a portion equivalent to 1/12th of the TOADS treasury, enabling them to engage in trading activities and potentially capitalize on it.
In addition to capturing the attention of gamers, the DigiToads project has garnered significant interest from global investors. TOADS holders have the opportunity to passively grow their DeFi crypto portfolios through monthly airdrops, which provide a regular distribution of tokens. This passive income mechanism enables TOADS holders to benefit from their investments over time.
DigiToads Emerges as the Solution to Overcome PEPE’s Weaknesses
PEPE, despite its initial popularity, exhibits certain weaknesses that have raised concerns among investors. Firstly, PEPE’s reliance on a single theme or character limits its appeal and longevity, potentially hindering broader adoption. Secondly, the oversaturation of PEPE tokens in the market dilutes their value, making it challenging for individual tokens to stand out.
Additionally, the lack of ongoing development and innovation within the PEPE ecosystem reduces its potential for growth and relevance in a rapidly evolving digital landscape.
On the other hand, DigiToads presents a refreshing alternative with its diverse and captivating ecosystem. With a wide range of unique toad characters, DigiToads expands the appeal beyond a single theme, attracting a broader audience. Moreover, DigiToads’ meticulous tokenomics and limited token supply ensure rarity and value retention. By actively fostering development and innovation, DigiToads establishes a dynamic and engaging platform for users.
Bottom Line
As the meme coin season gains momentum, TOADS is positioned as a potential breakout star in the market. With discounts still accessible, now is an opportune moment to consider adding TOADS to your portfolio. TOADS has the potential to surpass more established meme coins such as PEPE, especially as the hype around those coins begins to wane. DigiToads is fueling the large ecosystem rich in income-generating opportunities that led to the massive success of its presale stages. Thus, it has emerged as the top crypto to invest in 2023.
Bitcoin Teeters at $30.5K! Is BTC Price Showing Warning Signs or Buying Opportunity for July?
As we enter July, the crypto market eagerly awaits the upcoming move. Bitcoin, the flagship cryptocurrency, has been flirting with the $30.5K mark, a level that has both investors and analysts on their toes. SEC’s recent decline on spot BTC ETF applications has put intense selling pressure, bringing warning signs of an immediate move among investors. The question on everyone’s mind is, “What’s next for Bitcoin?”
$30.5K: Red Flag Or Buying Opportunity In July?
As we venture into the second half of the year, the market trends in July will play a decisive role in shaping Bitcoin’s trajectory. This month’s performance will provide crucial insights into whether Bitcoin can sustain its bullish momentum and achieve its ambitious targets. The next 30 days, therefore, are not just crucial but could potentially send BTC price to a high of $40K or a low of $20K.
The U.S. Securities and Exchange Commission (SEC) initially deemed the ETF applications submitted by various firms as insufficient. However, these firms promptly responded to the regulator’s concerns, sparking discussions within the community. This swift action has led to conjecture that the U.S. could be on the brink of green-lighting its inaugural spot ETF.
However, miners’ recent BTC movement could impact the price in the near term. As the price continues its upward trajectory, miners have started to transfer significant Bitcoins to exchanges. This transfer currently amounts to an impressive $105 million, marking the second-largest transaction ever made by Bitcoin miners.
This substantial offloading is expected to increase the availability of Bitcoin on exchanges, which could potentially create a downward push on the token’s price in the near future.
Yet, when viewed through the lens of historical trends, July appears even more promising. In its entire history, Bitcoin’s price has never experienced a decline of more than 10% within this month.
What’s Next For BTC Price?
Bitcoin maintains its close consolidation near $30.5K as it continues to face resistance near $30,800. This suggests that while the bears are making every effort to halt the upward trend, the bulls are continuously applying pressure. As of writing, BTC price trades at $30,541, declining over 0.2% in a day.
Typically, a close consolidation near a resistance level results in an upward breakout. The rising 20-day exponential moving average at $30,504 and the relative strength index (RSI) in the positive zone suggest that the upcoming path is toward the North.
If the buyers manage to keep the price above $31,000, Bitcoin’s price could gain momentum and initiate the next phase of its upward trend. A minor resistance exists at $32,500, but it’s likely to be overcome. The price could then make a run for $40,000.
Investor Sentiment Turns Bearish; Expect a Bitcoin Buying Opportunity Between $27K and $29K
The bearish influence does not appear to have waned yet, as the minor upswing has made the upcoming price action, pretty vague. Ever since the beginning of the 2022 bear market, investors have been under huge FUD. However, in times of bullish breakouts, these sentiments tend to change, but only for a short time frame. During the last breakout, the BTC price soared beyond $30,000, but the market sentiments continued to remain bearish.
The market participants, now, appear to have become well-versed with the ongoing trend and hence believe the BTC price may surely drop after consolidating for a while. As per the data from a well-known on-chain platform, Santiment, the traders now look out for better buying opportunities and expect a drop from $27,000 to $29,000 in the coming days.
The above charts display the social volume which is nothing but the search volume of Bitcoin with specific queries. While the searches regarding buying bitcoin, or bottom or bought or bullish etc have slumped significantly, the searches for sell or selling or sold or bearish is making new highs. Therefore, now that market sentiment has turned bearish, more chances of a bearish pullback can be expected.
Besides, a couple of analysts still believe the current rise is nothing but the biggest bull trap of the year and that the BTC price may surely drop below $25,000 initially and continue plunging until it reaches $20,000 or below. Therefore, from this it can be analysed that the bearish market has not yet finished as the final nail in the coffin is yet to be ramped.
Why Investors Are Buying Sparklo (SPRK) Over BitDAO (BIT) And Terra Classic (LUNC)
Statistics are showing that investors are buying more of the Sparklo token over other coins like BitDAO (BIT) and Terra Classic (LUNC) due to the massive potential that the Sparklo project has shown since its presale phase started. More details are below.
High display of potential sees more investors buy into the Sparklo (SPRK) project
Sparklo has not gone short of momentum in the crypto market since its first presale phase. Now at the third stage of its presale, it has experienced an upsurge as investors discover the massive potential that Sparklo carries. It is a blockchain-based investment platform that allows investors to invest in highly profitable solid minerals like Silver, Gold and Platinum. These solid treasures can be traded on the Sparklo platform using fractionalized NFTs that act as digital placeholders for the assets.
Currently, the SPRK token has garnered an increasing reputation as the token follows a similar path to the early rise of Bitcoin. Crypto analysts have projected that the token may see a rise of over 1,500% before the end of the year. Given this, it is important to invest in the SPRK token now, as it sells at only $0.055. This is because investing in solid projects early is where significant gains are made.
It is worth noting that Sparklo has passed its audit with Interfi Network and has successfully verified its KYC from the BlockAudit Report Team. The SPRK token’s liquidity will be locked for 100 years to ensure more solidity and prevent an event of a rug pull. There’s a sky-high potential for Sparklo to boost investors’ portfolios and bring high returns. You can click the link below to invest.
Terra Classic (LUNC) is tilting towards bearishness
Terra Classic (LUNC) is a decentralized protocol that powers on-chain payment systems globally using fiat-pegged stablecoins. Terra Classic is showing an unwanted potential to enter the bear market soon. This is evident as the price analysis shows that the token has seen a 1% loss in price value in the last few hours. As such, Terra Classic trades at $0.0000893 at the time of this writing. Similarly, the trading volume of Terra Classic fell by 9.60% in trading activity within the last 24 hours to stay at $34.89M presently.
The signs of an imminent price downturn for Terra Classic are making the token a less favourable investment option. As such, investors may look beyond Terra Classic to Sparklo as a better investment alternative. Terra Classic holders have joined the ongoing SPRK token presale to make gains.
BitDAO (BIT) fails to see a price rally
BitDAO (BIT) is an autonomous organization that operates on the blockchain network and aims to facilitate a fair environment for a decentralized token economy. The token lost 0.80% in price value in the last 24 hours. Consequently, the token trades at $0.41 at the time of writing. Moreso, the 24-hour trading volume of BitDAO plummeted by 34.63% to stay at $1.79M currently.
While the price loss of BitDAO may seem less significant, it is only a testament to what may be in store for the token. As such, it may not be a good time to invest in BitDAO. However, Sparklo has proven to be a promising investment option. BitDAO investors have seen the potential of Sparklo and have joined the ongoing token presale to make profits.
Find out more about the presale with the links below;
Know Why Any Correction Here Could Be the Best Buying Opportunity
Although the bears held a strong grip for the past few days, Bitcoin continued to trade under the bullish influence. The bullish patterns in the long-term chart indicate a massive price action may be on the horizon lifting the price high. Even though the BTC price still trades below these levels, it flashes bullish signals that may test the higher targets.
Fidelity’s filing for the Bitcoin ETF after Blackrock could be one of the main reasons for the bullish push. Blackrock has $10 trillion in assets under management, and Fidelity has $4.5 trillion. It is assumed that if both companies allocate a small share of them in Bitcoin, then they may buy every single BTC available on exchanges. Hence, the ETF approval may be a game changer for the entire crypto space.
Secondly, the BTC price broke out from a bullish pattern, which may trigger a significant recovery very soon.
The Bitcoin price has maintained a healthy upswing since the beginning of the year 2023. Although the bears marked their presence, the price continued to halt the descending trend and trigger a notable recovery. Presently, the price has broken above the falling wedge and a bull flag, that may elevate the price soon. The price faced a minor rejection after testing $27,000 but appears to be self-assured of marking new highs for the month.
Hence, the price is required to maintain a healthy upswing and secure levels above $27,355 by month-end. This market sentiment is believed to flip during the second half of 2023 which may spark a fine rally ahead. Therefore, a bullish close for June may spark a price rise beyond $32,000 and head towards $40,000 by the end of the year.
What You should know before Buying an NFT
Non-Fungible Tokens (NFTs) exploded onto the crypto market last year turning the term NFT into a household name. Since then, countless projects have been in the spotlight for their 15 minutes of fame before fading away. In this article, we discuss three projects that stood or will be able to stand the test of time; DogeMiyagi (MIYAGI), ApeCoin’s Bored Apes Yacht Club, and BNB’s NFT marketplace.
- Dogemiyagi: Wisdom In Crypto
- Bored Apes Yacht Club: ApeCoin’s NFT Collection
- BNB To Start Supporting Bitcoin NFTs
Dogemiyagi: Wisdom In Crypto
DogeMyiagi (MIYAGI) is a nascent crypto project that has been gaining momentum lately. It takes inspiration from two aspects of popular culture; internet memes and the Karate Kid film series, particularly the wise and noble character of Mr. Myiagi.
The project is still in its early stages, with a live presale and an NFT collection under construction. The NFT collection will act as an exclusive owners’ club by granting access to reserved events and content.
We can only speculate on the impact DogeMiyagi NFTs will have on the NFT market, but nonetheless, we imagine that it will perform well with young and mature audiences due to its double influence from modern and retro popular culture.
Bored Apes Yacht Club: ApeCoin’s NFT Collection
The BAYC collection has gained significant attention from celebrities and influencers, further driving its perceived value, and its prices have experienced significant fluctuations, with floor prices reaching high values but also declining in recent months.
In April, while overall blue-chip NFT sales declined by 12.2%, the Bored Ape Yacht Club (BAYC) saw an increase in sales count, according to data from The Block Pro. However, the general interest in profile picture NFTs declined in Q2, leading to a drop in sales volume and market capitalization across the NFT market.
BAYC’s sales volume in Q2 has decreased by 26% so far, and its market capitalization has also reduced by 28%. Similarly, the Mutant Ape Yacht Club (MAYC), an offshoot collection of BAYC, experienced a decline in sales volume, market capitalization, and floor price during Q2.
BNB To Start Supporting Bitcoin NFTs
Binance has announced its support for Ordinals inscriptions on its NFT marketplace. This move marks Binance’s entry into the Bitcoin-based NFT market, and users will soon be able to purchase and trade Ordinals inscriptions through their Binance accounts. Binance’s NFT marketplace previously expanded its supported networks by including certain NFT collections from Polygon.
It is worth noting that the current version of Binance’s Bitcoin NFT marketplace does not support BRC-20 tokens, which are text-based inscriptions built on top of Bitcoin. Recently, there has been a surge in text-based inscriptions and Bitcoin-based tokens, overshadowing image-based inscriptions in popularity. The demand for BRC-20 tokens has led to a significant increase in Bitcoin transaction fees and the number of daily transactions related to these tokens.
NFTs are developing beyond being simple pieces of digital art, they are evolving to become signifiers of wealth, status, and taste. They are an especially popular and sought-after feature among meme coins and meme coin enthusiasts since the community is a central aspect of such projects and NFTs can signify belonging to the community. DogeMiyagi’s presale is live now, and since its NFTs will be exchangeable for $MIYAGI, it’s best to invest now to maximize your profits after launch.
DogeMiyagi:
Website: https://dogemiyagi.com
Twitter: https://twitter.com/_Dogemiyagi_
Telegram: https://t.me/dogemiyagi
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Avorak’s Phase 6 launches early due to phase 5 sell-out, buying PEPE could make you miss out
AI crypto is a rapidly growing space, and analysts have come out to say that it could surpass meme coins in popularity due to its combination of hype and real-world utility. Avorak AI (AVRK) and PEPE coin are two new projects, and experts suggest joining Avorak’s ICO for more sustainable and substantial gains.
PEPE crypto
PEPE crypto is a new meme coin that pays tribute to the famous Pepe the Frog meme. The coin was launched on April 17th and reached a market cap of more than $1 Billion just weeks after its release to the open market. Several crypto exchanges, including top-ranking ones like Binance and OKX, have listed the PEPE crypto, adding to its growth in popularity and trading volume.
However, this hike was mainly driven by hype, as the project’s website clearly states that the PEPE crypto has no intrinsic value or expectation of financial gain. Therefore, if PEPE loses popularity, its value can fall as quickly as it rose. Additionally, the anonymous team behind the coin may not be reputable or unable to continue developing the coin. There have also been concerns about some of PEPE coin whales, and several experts have regarded PEPE coin’s hike as another pump and dump. Despite PEPE providing great avenues for short-term gains, investors should do their research, weighing their risk appetite and tolerance, before investing.
AI crypto
According to several analysts, AI crypto is a high-growth sector that could lead to a new generation of millionaires in 2023. AI crypto projects combine Artificial intelligence (AI) and cryptocurrency to offer innovative opportunities for investors and users to capitalize on the two technologies. The native cryptocurrencies of these projects power their blockchain platforms, and users require these tokens to access the platforms and the benefits of their integrated artificial intelligence.
The Avorak ICO event
Avorak AI is a new AI crypto project that has set itself apart with its first-to-market strategy, affordability, ease of use, and other competitive advantages. The project comes with an array of AI solutions designed to streamline human-led operations. These solutions can be used in trading, data analysis, device management and security, content creation, online shopping, and many other fields. For example, in content creation, Avorak’s AI image creator can produce images fitting the exact descriptions given, using a pure language-to-image process instead of image scraping to remain ethical and ensure unlimited output. Also, Avorak’s text-generating AI can produce short or long bodies of clean, non-repetitive, and non-plagiarised texts in various writing styles. Additionally, Avorak’s chatbots and digital assistants can provide content creators with quick answers to any queries resulting in further improvements, productivity, and overall organization.
The AVRK token will be required to access these services. AVRK also guarantees a share of Avorak’s profits and can be staked to increase the percentage hold of the project’s market cap. Once launched, the AVRK token can be traded on crypto exchanges, and several have already announced listing plans. Avorak AI has been gaining increasing attention from investors and analysts since its initial coin offering (ICO) started on 1st March.
The ICO offers the AVRK token at a discounted price and has other benefits, such as token bonuses and priority access to Avorak’s staking pools. Avorak’s Phase 6 of ICO had to launch early due to a sell-out in phase 5. This move leads to a 291.67% increase from its initial price and an 11.90% increase from its phase 5 price. AVRK will sell at $0.235 with a 5% on-top bonus in phase 6. Despite the ICO having only two remaining phases, its launch price of $1 offers users a chance to still get substantial returns on launch day.
The bottom line
Avorak AI (AVRK) has real-world utility, a well-designed roadmap, strong tokenomics, and an experienced team behind it. Avorak is also based on the growing AI crypto sector and, for these reasons, offers a more compelling investment. Nonetheless, every investor has their own investment goals and risk tolerances and, therefore, should conduct research before making a decision.
For more information on Avorak AI:
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
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Why Should Investors Pay Attention On Buying Mooky?
Some cryptocurrency initiatives pre-sell tokens to potential investors at a predetermined price before launching an initial offering of coins.
In the event that all goes according to plan and the virtual currency is a success, this might be seen as advantageous for both shareholders and the engineering team. Investors may potentially get their hands on an alternative coin that could end up being worth considerably more in the end, while the project’s developers would get much-needed funding to finish the project.
Companies may also conduct a pre-sale to generate excitement before the ICO in the hopes of seeing a price spike when the asset is made available to the general public. So when concerning with the newly launched Mooky coin, here are the things that you may know about buying Mooky token in a presale period.
Buying Mooky for sale
It is important to remember that pre-selling carries some risk. Investors who put money into a failed project can end up with worthless tokens and no way to recoup their losses. The abundance of coins that are now accessible to the general public raises the possibility that the valuation of the coins those they initially purchased may decline whenever the actual ICO occurs. On the other hand, investors who might sell a pre-sold token quickly after launch and make a significant profit need to be watched out for by developers.
Preselling, in particular, has some dangers. Investors might own the useless tokens if the project fails, which would result in a loss of their initial investment. On the other hand, developers must watch out for speculators who might sell pre-sold tokens within days of launch for a significant profit. If the initial adopters sell the pieces that own upon first chance, it never looks really good for a cryptocurrency that recently had a public sale.
The main goal of the cryptocurrency presale is to raise money for more project development while it is still in its early phases. Also, the preorder can be started to raise money for the activities leading up towards the ICO launch. These tokens are provided at a reduced cost because engaging in token presales entails considerable risk. It is important to understand if a token is categorized as an investment or a utility before buying. Future worth is represented by the tokens available during the presale. They are therefore regarded as securities. Given that securities fall under the definition in these situations.
The main purpose of presales is to provide select investors access to discounted tokens before anybody else. The cheaper price paid during the presale primarily reduces the worth of tokens at the stage of the initial coin offering (ICO), which is another disadvantage of presales for the average investor.
The advantages of a cryptocurrency presale for both investors and project creators are numerous. This step shouldn’t be overlooked. Hence, if you lack the necessary expertise to run successful asset sales, then can acquire token advice services from knowledgeable crypto specialists. These professionals may advise you on selling tokens as well as on selling cryptocurrency.
Investors can purchase tokens at a discount during a Presale token event, which is a significant advantage. This could make a lot of investors interested in your proposal. There are several prerequisites for a public sale of an initial coin offering. The project might decide to hire crucial personnel and hire a seasoned marketing firm with expertise in selling cryptocurrency. Developers can get funding to promote their products through a cryptocurrency presale event. With the money raised, a project can also hire seasoned teams to provide promotion services.
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Arbitrum Token Dips Spark Whale Buying Spree! ARB Price May Take Support Near this Level
Arbitrum (ARB) token holders, who are using the promising layer 2 scaling solution, are experiencing mixed emotions following the distribution of rewards by the protocol. While some have expressed admiration for the efficiency and quickness of the platform, there have been concerns regarding the practical use of the token. As the ARB token witnessed a slight dip in the price chart, whales emerged to accumulate the token with the hope of selling it at a high level.
Arbitrum Whales Wake Up Amid Controversy
Arbitrum (ARB) is widely considered to be one of the most exceptional Layer 2 protocols built on the Ethereum network, with an impressive transaction throughput, as measured by Total Transactions Per Second (TPS). According to L2Beat data, Arbitrum One currently stands at the peak of the TPS ranking, sharing the top position with the primary Ethereum protocol.
Despite the initial challenges it faced during its launch in March, whales in the crypto industry continue to amass Arbitrum (ARB). According to the analytics platform Lookonchain, a large investor or institution acquired a significant amount of 11.7 million ARB, valued at $14.8 million, from Binance and Gate.io within the last 24 hours, as shared in a Twitter post this morning.
However, the current controversy regarding ARB airdrop has sparked bearish momentum in the token. Over the weekend, the announcement by the Arbitrum Foundation proposing to fund itself with 750 million ARB tokens, which amounts to almost $1 billion, sparked controversy within the ARB community. This was fueled by the revelation that the vote was merely a formality to ratify a decision that had already been made.
Will ARB Price Reach $1?
ARB price has displayed a massive drop in the last two days as it dropped from its high of $1.3. Moreover, the recent controversy may trigger a massive selloff by whales, slumping the token below the $1 level.
As of writing, the ARB token’s price trades at $1.24, with an uptrend of nearly 2.5% in the last 24 hours. ARB price took support near $1.15 and continued its surge above the 38.6% Fib level. However, after getting rejected near $1.3, the BoP indicator turned negative.
If ARB price continues its downward trajectory and drops below the EMA-20 trend line, it may accelerate for a sharp collapse following uncertainty among investors. A breakout below $1.1 will push the token near the critical support zone of $1.
However, on the bullish side, a surge above EMA-50 will pave a smooth road for the ARB token to the monthly resistance zone of $1.3-$1.4.
Crypto Analysts Warn Against Buying Altcoins – Here’s What Needs to Happen First
Investors in the cryptocurrency market are constantly on the lookout for the next ‘altcoin season’ to make a killing. However, according to crypto analysts Austin Arnold and Ben Cowen, it might not be the right time to invest in altcoins just yet. In a recent video analysis, the duo warned investors against buying altcoins right now.
The Importance of Bitcoin Dominance
Bitcoin dominance is a measure of the total market capitalization of Bitcoin relative to the total market capitalization of all cryptocurrencies. As Austin pointed out, the dominance is already at 52.5% right now when you exclude stablecoins.
This means that altcoins have continually been devalued on their Bitcoin pairs throughout this market cycle. Ben said that in order to truly get to the end of the altcoin reckoning, the altcoin season index indicator needs to come back down to around five or so, which hasn’t happened yet.
As the two pointed out, Bitcoin’s dominance is not going to go higher forever. They predict that it will likely reach around 65% this time, which isn’t much higher than its current level.
As we all know, Bitcoin dominance occurs when Bitcoin goes up, not when Bitcoin goes down. The implication of dominance is that it shows the flow of the cycle. Once the dominance is at a high level, then a lot of money can flow into the altcoin market and investors can splurge.
The Altcoin Season Index Indicator
The altcoin season index indicator tells investors if the market is in Bitcoin season or altcoin season based on the previous 90 days. Austin explains that every year and a half, two and a half years, the metric needs to come to this deep value on Bitcoin season where the metric comes down to around five or so.
In the last cycle, the altcoin season index indicator had a double bottom where it went into Bitcoin season a little bit, but it only lasted for a couple of months before everything took back off again. This move looks very similar to what we had in 2019, where there was a double bottom on the altcoin season index indicator, said Austin.
Investors need to be cautious when it comes to investing in altcoins at this point in the market cycle. According to Arnold and Cowen, altcoins might not be worth the risk again until the finalization of that altcoin reckoning after Bitcoin has truly taken back the market cap percentage that it should be at. They advise investors to hold off on buying altcoins until Bitcoin dominance reaches a much higher level.
Why Are Whales Buying Polkadot (DOT) And RenQ Finance (RENQ)? Explained
Cryptocurrency investors have always been curious about what the “whales” are up to in the market. These large investors who hold a significant amount of crypto can substantially impact the price and direction of the market. Recently, there has been a surge in whale activity in Polkadot (DOT) and RenQ Finance (RENQ), leaving many investors wondering why. This post will explore the reasons behind this whale’s interest in these two coins.
Polkadot (DOT) Potential is attracting Crypto Whales
Although sometimes disregarded by investors, Polkadot (DOT) is the 12th largest cryptocurrency by market capitalization. As Polkadot (DOT) is a relatively young project, many experts think we have yet to fully realize its potential in the market; some even believe it may reach new all-time highs during the upcoming bull run
But Polkadot’s (DOT) most recent performance hasn’t been stellar. Polkadot (DOT) was worth $7.71 in February due to price increases before falling to $5.26 in March.
Despite this, Polkadot (DOT) has done well lately, increasing its price to make a break-even in the last week. Consequently, many investors are returning to Polkadot (DOT), hoping for a further rally in the upcoming weeks.
The Polkadot ecosystem’s primary goal is to offer an interoperable next-generation blockchain protocol. The industry needs to progress in this area, yet there aren’t many tools available to access other ledgers. By establishing a cohesive network, Polkadot hopes to alter that narrative. This will then impact the Web 3.0 strategy. The next significant step is to empower people rather than global technology firms and ISPs.
Polkadot (DOT), one of the most cutting-edge cryptocurrency projects now available, overcomes one of the most significant problems facing the sector, which is home to many intriguing initiatives that find it challenging to collaborate and communicate with one another. Polkadot and its token DOT offer unparalleled interoperability for blockchain enterprises. This project has a strong market position in the cryptocurrency space and is just becoming more well-known. As a consequence, many investors are interested in it.
RenQ Finance (RENQ) unique features Attracting Whales
RenQ Finance (RENQ) is a decentralized financial platform that enables users to develop new asset classes and financial products using assets with a blockchain foundation. Transparency, equity, and security are all provided to customers by RenQ Finance (RENQ) through autonomous smart contracts. It allows people to control their assets and avert cash flow problems.
By combining on-chain and off-chain infrastructure, RenQ Finance (RENQ) sets itself apart from other DeFi platforms and provides the DeFi community with institutional, liquid, and slippage-free trading. The RenQ Finance (RENQ) aggregation protocol collects liquidity from some exchanges and may disperse a single trading transaction over numerous DEXs to acquire the most competitive rates. The off-chain order book offers a speed advantage over conventional centralized perpetual exchanges.
AMM models’ spreads are reduced by RenQ Finance’s (RENQ) large position volume, small spread, and high leverage, which enables traders to trade with up to 100x leverage. The RenQ Finance (RENQ) platform has a governance portal where users may suggest protocol improvements, and it is cross-chain interoperable, enabling communication between two mostly autonomous blockchains. Users may also use 2FA security alternatives from RenQ Finance (RENQ) to protect their keys and money.
Users have freedom and control over the platform’s growth thanks to RenQ Finance’s governance site and cross-chain interoperability feature.
Investors with RenQ Finance (RENQ) tokens purchased during the presale can have access to all upcoming Renq ecosystem events. Early investors will benefit from a successful investment since RenQ Finance (RENQ) token prices rise after each stage’s hard cap has been achieved.
Click Here to Buy RenQ Finance (RENQ) Tokens.
Visit the links below for more information about RenQ Finance (RENQ):
Website: https://renq.io
Whitepaper: https://renq.io/whitepaper.pdf
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Investors Are Buying Dogecoin (DOGE) And Collateral Network (COLT) To Boost Their Portfolios, Here’s Why
Since 2021, Dogecoin (DOGE) has been a popular investment. Despite being created to mock the cryptocurrency industry, Dogecoin (DOGE) has become an international sensation, with a cult-like following worldwide.
As we move into April, Dogecoin (DOGE) and Collateral Network (COLT) are being purchased at record rates, with investors predicting price surges of 3,500% for Collateral Network (COLT) over the coming months.
Dogecoin (DOGE) Price Decreases But Investors Keep Buying
Dogecoin (DOGE) has decreased by 19.37% in the past month, taking its value to $0.07398. While this would usually be considered negative, it has only shown the strength of the Dogecoin (DOGE) community, who continue to buy more Dogecoin (DOGE) tokens.
Despite its lack of real-world applications, the Dogecoin (DOGE) community remains strong, with Elon Musk Tweeting a meme about “Letting the Doge out” on the 22nd of February. While this only caused a short term price spike, it created a much welcomed sense of excitement around Dogecoin (DOGE).
Although its price has failed to increase, many Dogecoin (DOGE) holders believe that Dogecoin (DOGE) will grow exponentially during the next bull market. Should this happen, those who buy Dogecoin (DOGE) now will maximize their returns, with Dogecoin (DOGE) currently being sold at a “discount.”
Collateral Network (COLT) Combines NFTs With Crowdlending
Collateral Network (COLT) is an innovative new crowdlending platform that uses NFT technology to create new opportunities for borrowers and lenders. With Collateral Network (COLT), borrowers can unlock cash from their real-world physical assets by creating asset-backed NFTs, while lenders can generate a passive income from capital they lend via the NFT fractions.
This innovative application bridges the gap between cryptocurrency and real-world assets, and gives borrowers the opportunity to access loans from lenders worldwide.
Built on the Ethereum blockchain, Collateral Network (COLT) lets borrowers receive cash from their assets in just 24 hours without leaving a credit footprint. This is complete without the need to jump through the traditional hoops and red tape, making borrowing against assets easy.
The Collateral Network (COLT) smart contract has already been successfully audited, making it safe for borrowers and lenders. Both parties using Collateral Network (COLT) while holding COLT tokens will earn several rewards such as staking bonuses to generate a passive income, trading discounts, and governance rights, which will let holders vote on policies such as the latest new listings.
Collateral Network (COLT) is currently in the first stage of its presale, with COLT tokens being sold for $0.01.
Currently, market analysts are predicting a 35x surge in price within the next few months, which would make Collateral Network (COLT) one of the best performing pre-sales in the market. With stage one looking to sell out soon and price increases imminent, there’s never been a better opportunity to optimize your portfolio.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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Bitcoin Price Prediction 2023, this is why whales are buying Polygon (MATIC) and RenQ Finance (RENQ) instead
Bitcoin, the world’s first and largest cryptocurrency, has been the subject of intense speculation and analysis since its inception in 2009. It has seen a meteoric rise in value, reaching an all-time high of nearly $69,000 in November 2021, but has since experienced a significant pullback.
As 2023 progresses, many investors are wondering whether Bitcoin will bounce back and continue its upward trend, or if other cryptocurrencies like Polygon (MATIC) and RenQ Finance (RENQ) are more promising investment opportunities.
Bitcoin Price Prediction 2023
Bitcoin’s fate in 2023 is still up in the air, but industry experts have predicted a significant price surge for the cryptocurrency. According to Coinpedia’s projections, Bitcoin is set to reach $43,959 by the end of 2023.
Other analysts have made similar predictions, with some even speculating that Bitcoin could reach a new all-time high of nearly $69,000.
Polygon (MATIC)
Polygon (MATIC), previously known as Matic Network, is a Layer 2 scaling solution for Ethereum that aims to make the Ethereum network faster and more affordable. It has seen significant growth in recent months, with its price increasing by over 300% since the beginning of the year. Whales are buying Polygon (MATIC) because of its low transaction fees and fast transaction times, which make it an attractive option for DeFi users.
In addition, Polygon (MATIC) has established partnerships with major DeFi protocols like Aave and Sushiswap, making it an essential part of the DeFi ecosystem. With these partnerships, Polygon (MATIC) is positioned to become a leading DeFi platform in the coming years.
RenQ Finance (RENQ)
RenQ Finance (RENQ) is another DeFi project that has been gaining attention from investors. It is a comprehensive DeFi ecosystem that includes a wallet, decentralized exchange, cross-chain swap, and aggregation protocol. RenQ Finance (RENQ) has passed the Certik audit test, which gives investors confidence in the platform’s security and reliability.
RenQ Finance (RENQ) has experienced significant growth since its launch, with its presale being oversubscribed in the first and second stages, and the third stage ongoing having raised over $3 million in a short time. The platform’s institutional-grade liquidity and comprehensive suite of DeFi tools make it an attractive option for developers, traders, and investors.
As the DeFi market continues to grow, RenQ Finance (RENQ) is positioned to be a leading player in the industry.
Whales are buying Polygon (MATIC) and RenQ Finance (RENQ) instead of Bitcoin
Despite the optimistic outlook for Bitcoin, some investors are turning to other cryptocurrencies like Polygon (MATIC) and RenQ Finance (RENQ).
One of the main reasons for this shift is the increasing popularity of decentralized finance (DeFi) projects, which are built on blockchain technology and offer a wide range of financial services without the need for intermediaries.
The impressive presale of RenQ Finance, which is currently in its third out of eight stages, has been attracting whales due to its passing of the robust Certik audit. Over 126 million RENQ tokens have been sold, raising over $3 million from investors. The success of the presale has led to a surge in investor interest and confidence in the RenQ Finance project.
In addition to RenQ Finance, blockchain protocol Polygon Labs has also seen an influx of investment from whales. The platform has formed a strategic partnership with the Web3 gaming developer platform, Immutable, in a move aimed at accelerating the development of Web3 gaming.
According to a recent press release, Immutable will leverage Polygon’s zero-knowledge technology to simplify the onboarding process for game studios and developers in Web3. The alliance aims to provide businesses with a solution that accelerates time-to-market while giving them access to one of the largest and most liquid ecosystems for end users.
Conclusion
While Bitcoin’s future remains uncertain, cryptocurrencies like Polygon (MATIC) and RenQ Finance (RENQ) are proving to be popular investment options. The increasing popularity of DeFi projects is driving growth in these cryptocurrencies, making them an attractive option for investors.
With their unique features and capabilities, Polygon (MATIC) and RenQ Finance (RENQ) are positioned to be major players in the cryptocurrency industry in the coming years.
Click Here to Buy RenQ Finance (RENQ) Tokens.
Visit the links below for more information about RenQ Finance (RENQ):
Website: https://renq.io
Whitepaper: https://renq.io/whitepaper.pdf
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Chainlink (LINK) Price Analysis: Here’s Why This Might Be The Perfect Buying Opportunity
Chainlink (LINK), one of the world’s top altcoins, is currently experiencing a dip in price. However, according to Michael van de Poppe, a well-known analyst, this could present a buying opportunity for investors. In his latest video, Van de Poppe provides an update on Chainlink and why it may be worth considering for investment.
Van de Poppe presents two charts in his video, with the first being the daily chart. This chart shows that the 50-day and 200-day moving averages are acting as support for Chainlink, which could indicate a potential entry point for investors.
Additionally, the Relative Strength Index (RSI) on the daily chart is in the oversold territory, suggesting that the price of Chainlink may be due for a rebound.
Other Factors
Van de Poppe also mentions other factors that support his belief that Chainlink is currently undervalued. The altcoin’s fundamentals have been improving, with an increasing number of users and partnerships with various businesses.
Furthermore, Chainlink’s recent integration with Polkadot, a blockchain platform aiming to provide a more scalable and interoperable infrastructure, could contribute to its growth potential.
LINK Price Analysis
Chainlink’s price is currently rising and approaching a significant resistance level of $7.41. Investors are waiting for LINK to break above this level to confirm the continuation of the uptrend, despite LINK having previously turned this hurdle into a support floor.
Market volatility for ChainLink is decreasing, which is positive news as it suggests the price of ChainLink is becoming less likely to undergo unpredictable fluctuation at either extreme.
Currently, the opening price for LINK is $7.39, and the high price is $7.41, with a low price of $7.32, down 0.62% from the previous close of $7.35. When the price crosses above the moving average, it is a positive indicator. However, at the time of writing, LINK is valued at $7.32.
ARK’s Cathie Wood Is on a Buying Spree, Hoards $13 Million Worth Coin Shared Amid SEC Scare
After Coinbase Global Inc. COIN’s positive quarterly results, it was reported by Coindesk that Cathie Wood-headed ARK Investment Management bought 213,519 shares for an estimated $13 million. Interestingly, as cryptocurrencies recover from a terrible 2022, Coinbase stock has increased by more than 82% this year.
Despite the fact that Coinbase’s Q4 earnings, which were released on Tuesday, exceeded expectations, COIN shares fell marginally on Wednesday, ending the day down 1.43% at $61.18. Coinbase stock started 2023 on a bullish note, more than tripling in value from about $34 to $81 in January before slightly declining this month. After the market closed on Tuesday, Coinbase announced fourth-quarter revenue of $629.1 million, above the Street forecast of $586.2 million.
“We enter 2023 with a focus on cost management, efficiency, and a goal to improve full-year adjusted EBITDA. Crypto remains volatile and we have limited ability to forecast our transaction revenue, which remains correlated with crypto market capitalization and crypto asset volatility,” the company said.
It seems like Cathie Wood is certain that she is using the pressure as an opportunity to restructure her portfolio and focus more on how her funds will once again outperform the market once the rising inflation and the Federal Reserve’s rate hikes have passed.
Coming back to the regulatory crackdown, a $1.02 billion agreement by Binance’s U.S. division to buy the assets of the insolvent crypto lender Voyager Digital may be against the law, according to the U.S. Securities and Exchange Commission.
According to the SEC, the redistribution of crypto assets to account holders, especially Voyager’s VGX token, may constitute the sale of unregistered securities. On Wednesday, creditors overwhelmingly supported the sale of Voyager to Binance.US, voting 97% in favor of the agreement.
Is Bitcoin’s Recent Price Dip A Red Flag Or A Buying Opportunity? BTC Investors May Find Relief Above This Level
After a series of sideways trading sessions, BTC price has finally made a thrilling move downward, bringing hope of a big price action ahead. Several analysts see this trend as a prime opportunity for Bitcoin investors to buy the dip and reap the rewards.
However, not everyone is optimistic about the recent price drop, as some noted that the severe bearish momentum below the immediate support level sent shockwaves to the market, and long-term holders’ are losing their bullish sentiments, which may pave the way to close their positions.
Is BTC Price Dip Building A Buying Opportunity?
The recent dip in the Bitcoin price chart has again worried investors as it wiped out more than 50% gain it made in January. After turning investment portfolios red, Bitcoin shows no sign of an upward reversal. While some investors are feeling uneasy, analysts relieve them as the price dip creates a profitable buying opportunity to accumulate more Bitcoins to maximize gain in the upcoming bull run.
On-chain analytic firm, Messari, revealed that Bitcoin price had been significantly influenced by the FTX’s collapse rather than macroeconomic events like inflation, job growth, and interest rate hike. The firm stated that the BTC price decreased by 25% following the demise of FTX.
However, despite a solid bearish divergence and several bankruptcy filings in the space, Bitcoin’s on-chain activity did not witness a slump. According to Glassnode, the number of Bitcoin addresses holding non-zero balances continues to rise exponentially.
It is reported that the metric rose above 43.8 million this week, signifying investors’ entry amid the market dip. Moreover, Bitcoin’s fear and index metric trades at 48, which indicates a neutral sentiment among traders even after the solid plunge.
Bitcoin Is Preparing For A Big Target Ahead
Bitcoin price had dropped over 5% in the last 24 hours as sellers placed short positions when BTC troubled to trade above its crucial price point of $23K. As BTC closed its price below the support of 31.8% Fib retracement at $22K, it witnessed intense bearish domination that plunged its price to $21.7K.
According to CoinMarketCap, the price of BTC moves near $21.8K. The drop below the EMA-20 trend line has strengthened bearish goals that witnessed massive liquidation of over $50 million. Analyzing the daily price chart, Bitcoin is repeating its December consolidation level, which was formed after the BTC price got rejected at 4H-MA50.
A bullish move in the BTC price chart is expected by the end of February as the Stochastic RSI makes a bullish cross inside its oversold support region, which previously marked a bullish rally in January. To confirm a bullish move, BTC needs to hold its price above EMA-20, and a breakout near $23K will again fuel a bullish excitement and set a target of $29K.
Experts are Buying Orbeon Protocol (ORBN), Fantom (FTM), and Quant (QNT) – Here’s Why
Some crypto projects have more potential than others and that’s why experts are buying Orbeon Protocol (ORBN), Fantom (FTM), and Quant (QNT). All three of these projects have unique features in the blockchain space and are likely to become successful. In fact, Orbeon Protocol (ORBN) is already seeing success during their public presale.
Fantom (FTM)
Fantom (FTM) is a smart contract platform that emphasizes scalability, speed, and low transaction fees. Fantom (FTM) utilizes a permissionless consensus mechanism called “Lachesis Protocol” to ensure high throughput of transactions.
But the biggest USP of Fantom (FTM) is the directed acyclic graph (DAG) data structure that it uses. You see, Fantom (FTM) is one of the only smart contract platforms that doesn’t use blockchain.
This unique approach of Fantom (FTM) has attracted the attention of institutions and governments, with both Pakistan and Afghanistan already beginning to roll out the Fantom (FTM) platform in their respective countries.
In terms of usage, Fantom (FTM) finished among the top 6 most-used platforms during the last week of December. With 6.49 TX/sec, Fantom (FTM) is clearly a force to be reckoned with.
Quant (QNT)
Quant (QNT) is a blockchain interoperability protocol that is designed to facilitate communication between different blockchain networks. The key feature of Quant (QNT) is its “overledger” architecture, which allows it to securely and quickly connect different blockchains.
Quant (QNT) has already partnered with some of the biggest names in the blockchain industry, such as Microsoft, KPMG, and IBM. This is a testament to the innovative approach that Quant (QNT) is taking to blockchain interoperability.
Utilizing Quant (QNT) tokens is the only way to access the Overledger Operating System. This means that the demand for Quant (QNT) tokens is only going to increase in the near future, making it a great choice for investors.
Given that Quant (QNT) has such strong technology with real-world implementation, it’s no surprise that experts are investing in Quant (QNT) and institutions are using Quant (QNT) to bridge their various blockchain networks.
Orbeon Protocol (ORBN)
Introducing Orbeon Protocol (ORBN), a transformative crowdfunding platform that utilizes the Ethereum (ETH) blockchain to tokenize equity into NFTs.
This unique approach by Orbeon Protocol (ORBN) is good for both startups and investors alike. Now there is no need to beg for venture capital to start your business. Small businesses and entrepreneurs can now use Orbeon Protocol (ORBN) to crowdfund their projects, allowing them to raise capital with ease and without the need for a third-party broker.
Orbeon Protocol (ORBN) gives investors the chance to buy into projects and get equity ownership in return. These investment opportunities were once inaccessible to ordinary investors, but now anyone can invest with Orbeon Protocol (ORBN).
Smart contracts connect startups and investors with crowdfunding campaigns, allowing for secure investments that are traceable and immutable. Plus, Orbeon Protocol (ORBN) has a utility token that incentivizes participation with staking rewards, exclusive access to deals, and governance rights.
It’s clear to see why experts are buying Orbeon Protocol (ORBN) during the public presale. If they can hit their goals, there is no reason why Orbeon Protocol (ORBN) cannot gain a footing in the $10+ billion crowdfunding industry.
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Dogecoin And Shiba Inu Buying In The Flasko Presale
2021 and 2022 gave a reality check to many bogus cryptocurrencies as the fame bubble burst for coins like Dogecoin (DOGE) and Shiba Inu (SHIB). As crypto platforms advance, crypto investors prefer cryptos backed by lucrative real-life assets such as Flasko. This is why meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) are losing not only their popularity but also their values.
Dogecoin (DOGE) Investors Are More Interested In Flasko (FLSK)
Following the success of their Christmas Day comic starring Shiba Inu, creators Billy Markus and Jackson Palmer released Dogecoin (DOGE) on December 6, 2013. The objective was to create a cryptocurrency that was both lucrative and enjoyable to use. Thankfully, Dogecoin (DOGE) quickly gained popularity and turned many people into overnight crypto millionaires in the past few years. This project is an open-source, peer-to-peer cryptocurrency that aims to compete with Bitcoin (BTC). Dogecoin (DOGE) is one of the best meme cryptocurrencies because of its other interesting features. Dogecoin (DOGE) touched new lows in 2022, and many Dogecoin (DOGE) have started to jump ship.
Shiba Inu (SHIB): No Longer a Hot Topic
Shiba Inu (SHIB) gained much traction during its genesis moment among cryptocurrency traders. Shiba Inu (SHIB) exploded in value when prominent investors like Elon Musk expressed interest in the cryptocurrency. While Shiba Inu (SHIB) was once all the rage, those days are long gone. It’s no longer recommended that you put your money into Shiba Inu (SHIB). Since the coin mimicked Dogecoin (DOGE), Shiba Inu (SHIB) is declining like Dogecoin (DOGE) as well in 2022.
Flasko (FLSK) to Have the Highest Profitability Among Cryptocurrencies
Flasko will be the first cryptocurrency-specific alternative investment platform that will allow users to purchase vintage champagnes, premium whiskeys, and exquisite wines backed by fractionalized NFTs on a crypto-trading platform
The value of Flasko’s new presale token is projected to increase by 6,000% by 2023, making it a strong contender for a spot among the top-growing digital currencies. Prospective purchasers of Flasko tokens during the current presale will view this as the ideal chance to get into a future behemoth early and at an unbelievable price of only $0.125.
We think Flasko has the potential to become a leading cryptocurrency protocol and one of the greatest investments of 2022. Join the Flasko presale by checking out the links below:
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SmarterWorx ICO Will Yield Better Returns Than Buying Solana or Shiba Inu Right Now
As the crypto market continues to grow and evolve, it’s becoming clear that the future of investing lies in tokenized assets.
Smart contracts have simplified buying and selling everything from art to real estate. SmarterWorx is a new project that’s got everyone talking. The idea is simple: allow investors to invest in the value of artwork and earn returns on their investments. The best part? You don’t need to be an expert in art history.
Why is SmarterWorx a Great Choice?
As the price of art continues to rise, more and more people are interested in investing in it. However, the process of buying, selling, and storing art can be difficult for those who are new to the market.
SmarterWorx aims to solve this problem by offering a secure marketplace where anyone can buy and sell fine art without having to store it themselves. SmarterWorx is also one of the first cryptocurrencies backed by real-world art pieces.
Anyone who invests in SmarterWorx will be getting exposure not only to a digital asset but also to an investment that they can hold onto as a physical piece of fine art or sell off at any time if they need liquidity.
With the ever-growing portfolio of beautiful art pieces on the platform, SmarterWorx will withstand market volatility and grow in value over time. The high-value art portfolio will also protect the ARTX token’s floor price. You can rest assured that your investment is secure.
Solana
Solana is a blockchain platform with great scalability, affordable gas costs, and unmatched security. The project began in 2017 and is designed to provide users with an unrivaled DeFi experience. The chain can scale greatly thanks to its unique feature and the proof-of-history consensus technique. DApps running on the protocol have improved usability as a result.
The ecosystem depends on Solana’s native utility coin, $SOL. As people and organizations incorporate the blockchain into their operations, this cryptocurrency is in great demand. However, it became known that Alameda Research, FTX’s sister company, held a sizeable quantity of $SOL throughout the FTX crash. As a result, owners of $SOL became concerned, and the token dropped by more than 60%.
Shiba Inu
In August 2020, the Shiba Inu protocol was introduced. It is a decentralized cryptocurrency that is growing in popularity. It has expanded as a result of its vibrant community. The Shiba Inu protocol supports DeFi applications that allow users to borrow, save and exchange assets like NFTs. Developers added a dog-themed metaverse where players can play and make money by owning and selling parcels of land using SHIB tokens to boost the system’s functionality.
To Sum It Up
If you’ve been looking for a way to diversify your portfolio and earn returns on the appreciation of artworks, look no further than SmarterWorx.
Learn More Here:
Use discount code ARTX5 for 5% off your next purchase!
Presale: http://smarterworx.io/buy
Website: https://smarterworx.io/
Linktree: https://linktr.ee/smarterworx
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