Raoul Pal Revels Best Altcoin To Invest in 2024: Says Solana Has the Highest Potential
In recent discussions with renowned global macro investor, Raoul Pal, he provided valuable insights on the current state of the cryptocurrency landscape and what 2024 holds.
A Quiet Yet Positive Landscape
Despite seeming tranquility in the crypto and traditional markets due to reduced liquidity, Pal highlights that the cryptocurrency domain has seen a substantial growth of 50 to 100 percent this year. The broader sentiment, however, feels less enthusiastic because of the market’s stagnant performance since April.
Current market conditions are influenced by central banks’ monetary policies. With signs of a slowing economy, rising unemployment, and declining inflation, there are anticipations of changes in these policies. Pal predicts that central banks might halt rate increases, pause quantitative tightening, and even consider rate cuts as 2024 approaches. This changing stance on liquidity could shift the financial momentum in the coming year.
Why Pal is Bullish on Solana?
The significant integration of Solana’s blockchain into Visa’s pilot for blockchain transactions has caught the attention of many. Pal credits Solana’s success to its speedy transaction capabilities and its distinctiveness from Ethereum.
Moreover, its collaborative and inclusive ecosystem, spearheaded by influential figures like Tolly, fosters a dynamic environment for developers and users alike. The synergy created has enabled Solana to consistently deliver exceptional performance, especially in a volatile and rapidly evolving space.
SOL Price
As of the time this article was being written, SOL’s price stands at $19.23, and it’s in the red on the weekly chart. Solana has had a wild price ride in 2023. It reached its highest yearly price of $32.13 in July but then began to drop. This week, it went as low as $18, a key price level that’s often acted as a safety net this year, except for a short time in June.
Looking at the weekly trends, there are signs that the price might continue to drop since the Relative Strength Index (RSI) is also going down. However, if we zoom into the daily chart, things look a bit brighter. SOL’s price has once again risen from a rising support line for the third time this year.
OFR Says its Ideal Time to Invest in Web3!
OFR, a venture capital firm founded by former Binance employees, has expressed that now is the perfect time to finance in Web3 as the primary and secondary markets have bottomed out. The company believes that the Web3 ecosystem is mature enough that it does not require any more infrastructure or public chains. According to OFR, the current market situation presents a unique opportunity for investors to venture into the space, as the Web3 industry’s growth potential is enormous. The VC firm has expressed confidence in the future of the decentralized internet and is actively seeking to invest in promising projects.
Sultanate of Oman to Invest $1.1 Billion in Bitcoin Mining!
The Sultanate of Oman announced its plans to invest $1.1 billion in bitcoin mining, joining the growing number of countries entering the cryptocurrency market. Bitcoin’s rising mainstream recognition has led to more investors seeking it as a hedge against inflation. According to crypto expert Kharma, bitcoin’s open ledger system is a significant development for transparency and innovation. Although some are skeptical about bitcoin’s long-term viability, it appears that it is here to stay, likely to make a lasting impact on the financial world for generations.
InQubeta; touted as the best crypto to invest in as markets crash
The InQubeta (QUBE) presale is shaking up the cryptocurrency space, raising over $2.2 million while the prices of most cryptos crash. Even the top crypto coins like Bitcoin (BTC) and Ethereum (ETH) haven’t been exempt from recent price crashes.
Meanwhile, Van Buren Capital general partner, Scott Johnson, recently tweeted that Grayscale might be on the verge of converting its GBTC trust to a spot ETF as the firm awaits a decision on its lawsuit against the US Securities and Exchange Commission (SEC) by the end of August. The news comes as Europe launches its first Bitcoin spot ETF.
InQubeta (QUBE) touted as the best cryptocurrency to invest in as markets crash
Bearish crypto investors and market crashes haven’t been enough to slow down the momentum of the InQubeta presale. Interestingly, an argument can be made that cryptocurrency markets being bearish for the most part since the start of the QUBE presale has given it a push.
There are currently very few opportunities to earn profits in cryptocurrency as prices trend downward. Still, the InQubeta presale sets up those who join early to grow their investment by up to 400%. The price growth of $QUBE tokens during the presale. Its alone makes it one of the top altcoins in the cryptocurrency space.
InQubeta aims to open up investments in artificial intelligence by creating an alternative to traditional investing channels. Many of these firms have discriminatory requirements, like investors making minimum deposits that are more than the average person in the U.S. makes in a year.
InQubeta’s approach will allow more capital to be directed to AI startups. While allowing a wider range of people to earn profits from the AI revolution.
The InQubeta way
InQubeta replaces stocks with ERC20 coins on its Ethereum-based blockchain to create a more efficient, accessible, secure, and transparent investment process. Startups looking to raise capital are evaluated by the operations team before being allowed to fundraise by selling equity-based non-fungible tokens (NFTs).
These NFTs are posted on the marketplace where investors can browse through the ERC20 token list and learn more about their makers. $QUBE tokens power the InQubeta blockchain and are used for all transactions on the blockchain.
Investing in AI isn’t the only way to earn substantial returns on the QUBE system. Holders can stake their tokens to earn more and excellent tokenomics encourage their long-term price growth. $QUBE holders also get a say on matters that affect InQubeta’s operations and development, with the size of their portfolios determining the weight of their voice.
Grayscale is close to launching a Bitcoin spot ETF
The SEC rejected Grayscale’s application to convert its GBTC trust to a spot Bitcoin exchange-traded fund in June, but the company has appealed the decision and hopes for a favorable ruling by the end of August.
Van Buren Capital partner Scott Johnson sees favorable rule odds. August turnover of law clerks pressures judges to clear caseloads. It’s been over 160 days since Grayscale delivered its argument so a decision is due regardless. Europe recently launched its first Bitcoin ETF and a U.S. equivalent will also help to revive Bitcoin prices.
Summary
InQubeta is one of the few opportunities in the crypto space right now. It allows investors to grow their capital by up to 4x depending on how early they join the action. The project’s future is bright with over $1.5 trillion projected for AI. QUBE will direct funds to AI startups and open investments globally.
Learn why ADA holders invest in this new Bitcoin fork
Questions abound as to why Cardano’s increasing Total Value Locked (TVL) coincides with a decrease in ADA price. This suggests a lack of enthusiasm in the market, highlighting a decreased demand for ADA. This phenomenon explains ADA holders’ motivations for investing in Bitcoin Spark, a new Bitcoin fork.
ADA Price Prediction
Cardano (ADA) has been gaining significant attention in the blockchain space for its remarkable Total Value Locked (TVL) surge by 198%, despite its recent price decline. The increase is attributable to ADA’s DeFi ecosystem. Over the past month, the number of daily active addresses has decreased. The ADA Price Prediction suggests that the lack of enthusiasm in the market could be behind its decline. Cardano’s price prediction indicates a possible short-term decline soon as ADA’s price struggles to rise above the 50-day EMA, signalling a short-term downtrend.
What is a Bitcoin fork?
A Bitcoin fork refers to a new blockchain with separate rules derived from the original Bitcoin blockchain. When disagreements arise within the Bitcoin community or a new technological event occurs, the blockchain may split into separate paths, each pursuing its own rules. A hard fork is a complete divergence of the blockchain leading to the creation of a new cryptocurrency, distinct from the original Bitcoin. Bitcoin Spark forked to create solutions to Bitcoin challenges, including the barriers to entry and skewness towards centralization.
A soft fork involves executing changes backward but no protocol upgrades. As such, Nodes continue to validate transactions, but they might not be compatible with certain new features. The blockchain remains a single entity, but upgrade nodes can take advantage of the new functionalities.
Bitcoin Spark (BTCS)
Bitcoin Spark, an innovative blockchain project debuting a unique Proof-of-Process (PoP) strives to tackle transaction processing speed and overall network efficiency. It focuses on addressing key challenges traditional cryptocurrencies like Bitcoin and Ethereum face, including high transaction costs and the dominance of a few individuals in mining.
BTCS introduces a Bitcoin Spark application that enables users to contribute their processing power to the network, participate in mining, and receive rewards. The app is user-friendly and encourages more individuals to participate in securing the network. Bitcoin Spark introduces a lower barrier of entry for mining, making it accessible to all participants regardless of their resources. As a result, anyone can mine and earn rewards based on a combination of individual stake and contributed processing power, promoting decentralization and ensuring a fair reward distribution.
The BTCS infrastructure is driven by a multi-layer system that integrates smart contracts. This approach allows for flexibility in application building. The BTCS network aims to achieve expansive scalability through decreased block time for increased throughput and enhanced user experience.
BTCS assures security, compliance, and transparency of its processes through its KYC and ContractWolf audit. Its ICO phase two offers BTCS tokens at $1.75 and 15% bonuses for holders. The early adopters anticipate reaping gains of 657% on their investment when the project launches at $10. With the exciting offering, investors can imagine buying Bitcoin at $1.
Conclusion
Bitcoin Spark presents a disruptive innovation to blockchain technology by merging the PoS and PoW concepts to create a unique PoP ecosystem with its application for processing power, mining, and rewards distribution.
Learn more here:
Website: https://bitcoinspark.org/
The SEC extends the review period for the ARK Invest Bitcoin ETF application!
The US Securities and Exchange Commission (SEC) has extended the review period for ARK Invest’s spot Bitcoin exchange-traded fund (ETF) application. The SEC now has until January 2022 to approve or deny the application, which was filed by ARK Invest in June. Spot Bitcoin ETFs hold the underlying asset and track the price of Bitcoin directly. The SEC has yet to approve a spot Bitcoin ETF due to concerns over market manipulation and investor protections. Several other companies have also filed applications for similar ETFs, including VanEck, Fidelity, and WisdomTree.
Invest in CONG and GALA2 Tokens during Their Presale Stages
In the dynamic realm of cryptocurrency investments, the adage “early bird catches the worm” couldn’t hold truer. The presale stages of tokens are often the golden windows of opportunity that can lead to substantial gains for savvy investors. Today, we shed light on two exceptional tokens currently in their presale stages – the CONG token and the GALA2 token. These tokens are not only carving new paths in the world of investments but also redefining entire industries. Let’s explore why you should consider adding them to your portfolio before their official launches.
The CONG Token: Building a Diverse Investment Portfolio
The CONG token, a creation of The Conglomerate Capital, presents an investment landscape that merges traditional assets with the innovation of blockchain technology. This token is your ticket to a diversified portfolio that spans real estate holdings, tech startups, and much more. By investing in CONG during its presale stage, you’re stepping into an ecosystem that minimizes risks through diversity while maximizing the growth potential.
The presale phase of the CONG token is a moment of opportunity that allows you to get in early on a venture poised to disrupt the conventional investment models. Imagine owning a share in tangible assets powered by the efficiency and transparency of the blockchain. The presale stage provides you with a unique advantage, allowing you to acquire CONG tokens at a price that reflects their initial value, paving the way for potential gains as the project matures and its underlying assets appreciate in value.
The newly opened CONG token presale stage 15 will reach half its hard cap of USD 200,000 in just one day. It still provides investors with a minimal +5x return after launch due to the listing price of USD 0.5. Moreover, meanwhile, as investors wait for the listing, they can also stake their tokens with up to 59% APY plus compounding.
The GALA2 Token: Where Gaming Meets Investment
Enter the revolutionary realm of Gala Games 2 with the GALA2 token, a bridge between the vibrant world of gaming and the promising realm of investments. Building upon the success of its predecessor, Gala Games 2 sets to redefine the gaming landscape through blockchain integration and player empowerment.
The project is backed by former early investors of GALA original project, who decided to leave and redesign it for a new launch, focusing not only on gaming but more on investors’ returns.
Participating in the GALA2 token’s presale is not just about owning tokens; it’s about owning a piece of a paradigm shift. GALA2 token holders gain access to a portfolio of groundbreaking games inspired by classics, infused with the innovation of blockchain technology. Early adopters of GALA2 tokens position themselves at the forefront of a growing ecosystem where the value of their tokens is inherently tied to the success of the gaming experiences they enable.
Why Invest in Presales?
Investing in tokens during their presale stages offers a range of advantages that can’t be ignored. Firstly, you secure tokens at a discounted rate compared to their expected market value post-launch. This difference can lead to substantial returns as the project gains traction. Secondly, participating in a presale directly connects with the project’s journey. You become a part of its evolution, sharing in its growth and success.
By investing in the CONG and GALA2 tokens during their presale stages, you’re investing not just in tokens but in the future. The presale stage is a chance to be an early supporter of projects that are set to redefine industries, be it investments or gaming. It’s a chance to be part of a community that shapes the trajectory of these tokens and projects. Moreover, as these tokens transition from presale to full-scale launch, your early investment could yield significant dividends in increased token value and potential rewards.
The Time is Now
The world of cryptocurrency investments is both thrilling and unpredictable. Presale stages offer a fleeting window of opportunity but are potentially immensely rewarding. As you consider your investment portfolio, take a moment to explore the possibilities that CONG and GALA2 tokens offer during their presale stages. These tokens not only promise financial gains but also a chance to be part of projects that are pioneers of change.
Remember, the early bird catches the worm, but the early investor in presale tokens catches the future. Seize the opportunity today, and embark on a journey that could lead to remarkable gains and a stake in reshaping industries. Invest in CONG and GALA2 tokens now, and position yourself on the precipice of a new era of possibilities. The future is waiting; it’s time to invest in it.
Singapore’s MAS will Invest up to $111 million in the Fintech Innovation Scheme!
The Monetary Authority of Singapore (MAS) will invest up to S$150 million ($111 million) in its Financial Sector Technology and Innovation Scheme (FSTI 3.0) to support projects in the field of cutting-edge technologies or solutions developed for the region. FSTI 3.0 will include three new tracks, including enhanced mentoring for start-ups, a focus on environmentally, socially, and governance-focused fintech, and innovation driven by emerging technologies. The program has already driven the adoption of technology and innovation in Singapore’s financial sector, and the latest initiative will focus on stimulating collaboration with industry to achieve further advances.
ARK Invest Takes a Close Look at Bitcoin’s Price, Reveals Key Factors
In its recent report titled “The Bitcoin Monthly: July 2023,” Ark Invest, a prominent market insights firm, has analyzed the current state and potential future of Bitcoin’s price. The report suggests that Bitcoin’s price might undergo a significant change due to similarities with patterns observed in 2017. While it also reveals that BTC fell by 4.1% which is the lowest in 6 years in a month. In such a low volatility what could drive BTC price do we see a bull run or a bull trap?
The report’s author, David Puell, an on-chain researcher at Ark Invest, provides a thorough analysis of Bitcoin’s current status and future prospects.
The report highlights several key observations:
Low Volatility: The report points out that Bitcoin’s volatility has been relatively low over the past 90 days, similar to levels seen in 2017. Puell says such extended periods of low volatility have historically been followed by periods of increased activity, although the direction of this potential price movement remains uncertain.
Miner Dynamics: It is noted that the decrease in hash rate, known as miner capitulation, is considered a potentially positive signal. It could indicate oversold conditions and potentially hint at a bullish reversal. Additionally, he said the increase in “liveliness,” reflecting fewer holders selling their coins, is seen as a positive sign.
Short-Term-Holder Ratio: Whereas, his report says that the ratio of short-term holders’ profit/loss is linked with historical trend reversals. This could potentially support a bullish scenario, as this ratio has correlated with local bottoms during bull markets and local tops during bear markets.
External Factors at Play in Shaping BTC
Macro Factors: But he is also sure that the Federal Reserve’s interest rate hike could influence Bitcoin’s appeal as a non-inflationary asset, particularly if there’s a potential slowdown in CPI inflation.
Binance’s Role: Moreover, the ongoing SEC case against Binance, a major cryptocurrency exchange, could also disrupt the market. Binance provides significant liquidity for Bitcoin through its native token, Binance Coin (BNB). Legal challenges could potentially lead to market instability.
Bitcoin’s Complex Outlook
Having said that, David Puell’s in-depth research of Bitcoin’s trajectory shows its complex nature. Regulatory issues and larger economic dynamics complicate the outlook, even when prospective signals are positive.
As Bitcoin is currently hovering around $29,139, breaking through the critical resistance at $29,450 could play a pivotal role in shaping its future growth. At this point, it may determine whether Bitcoin experiences a sustained breakout or continues its consolidation, particularly given the recent weeks’ downtrend.
Top 3 Crypto To Invest Right Now. 100x ICO Presales!
Which Coins Are Sure to Get Your Interest Pumping
There is such a thing as a ‘prospect’ when it comes to any kind of asset, and the cryptocurrency industry is still making headway in this regard regarding all kinds of upcoming crypto ICO events. And since ICOs allow new entrants to take advantage of all kinds of discounts and bundles, they are the events to look forward to if you want to stock up heavily. Let us explore the Top-3 promising crypto assets of 2023 and discover why you should consider them as investments in the long term and as utilities with actual applications in the online space.
1) ScapesMania
2) Dogecoin
3) XRP
Best Crypto to Buy Right Now with High Potential
1. ScapesMania ($MANIA) Early Stage ICO Presale
ScapesMania is an ongoing crypto ICO event, which is set to be launched by the Binance Grant Winners 2023. The project itself is a very ambitious project that promises to create an entire DAO-based gaming ecosystem with deep roots set to be integrated into the rapidly expanding $300 billion worth gaming industry.
ScapesMania is the flagship title of a whole ecosystem of various games spanning many genres and gameplay styles. What makes ScapesMania so attractive as an ICO is the credibility backing the project, which has been successfully audited and is in the process of KYC passage. At present, ScapesMania has sold out its whitelist stage and is running the ICO. The team is supported by an all-star cast of public advisors who are all available on the project’s website. Best of all, the native $MANIA token is included on such top-tier platforms as CoinMarketcap, CoinGecko, with listings planned on PancakeSwap, MEXC, Gate.io and others.
The presale stage offers $MANIA with an 80% discount at just 0.002 USDT per unit, while final listing prices are to be set at around $0.01 per token (x5 from the initial presale price). The price will be increased to $0.003 in the upcoming ICO stages, followed by a fivefold increase by the time the token will be listed. This, the 25% bonus ScapesMania offers on purchases at the given stage, and the fact that the project is on the highway to growth mean that holders looking for their Xs should eye ScapesMania first and foremost. Add the mix of great features like the buyback, burn and staking options, and you get a sound tokenomic model – the foundation of a trustworthy project.
How To Buy $MANIA?
Step 1 – Make sure you have MetaMask wallet installed on your browser or use a crypto wallet supported by WalletConnect.
We recommend purchasing from a desktop for the smoothest buying experience.
Step 2 – Click the “Buy token” button on the main page.
Step 3 – Once you have connected your wallet, pick the currency you want to use (BNB, ETH or USDT depending on your blockchain network) and the number of tokens you want to buy.
Step 4 – Choose your vesting bonus; the bonus amount will depend on how long you will hold your tokens (you can get up to 42% vesting bonus).
Step 5 – Click “Confirm” and approve the transaction in your wallet.
Step 6 – Done! You have successfully purchased $MANIA tokens! You can see the total number of your $MANIA tokens on your profile page.
2. Dogecoin
No list of promising coins will be complete without Elon Musk’s favourite, Dogecoin, which has become considerably more valuable since its initial launch as just another memecoin washed up in the midst of a general crypto craze.
Everyone who remembers the rise of Dogecoin to the top ten crypto ranking in 2021, when the market cap had soared to over $50 billion, should know that the asset is being used extensively for all kinds of transactions in the crypto space. Miners are churning out around 10,000 coins a minute, with around 130 billion DOGE coins circulating. That stands as a stark contrast to the meager 19 million BTC out there and the tricks of about 12 BTC per ten minutes.
Just look at the immense trading potential of DOGE as a tool for scalpers and arbitrageurs, and you get the idea of why holding it in 2023 and beyond is a good investment decision.
If we consider the cyclical nature of markets, the 7,000% price increase of DOGE in 2021 may not seem like a phenomenon with a chance of a repeat. Remember FOMO the next time you see DOGE trading on an exchange, and think about stocking up.
3. XRP
Where there’s crypto, there’s Ripple and its XRP token – a mainstay of the top 10 crypto rankings. The asset was initially designed as an instrument for supplementing the needs of the financial industry as a carrier of value in an anonymous fashion. But since then, the 2020 debacle with the SEC has shed new light on the potential and prospects of using XRP.
The split ruling of that court hearing resulted in a rally for XRP in July 2020, spiking demand and prices by up to 75%. Considering that XRP was originally designed to replace the highly- controlled SWIFT financial system and that the latter has been under immense pressure for its subjugation to state demands, we can start seeing how XRP could be taking up a share of financial transactions soon enough.
Though XRP’s Ripple blockchain network is seen by many to be too centralized, that can be looked at from a different angle of legalization – a factor that will play a major role in shaping the capitalization of the crypto space in 2023 and beyond.
Key Takeaways
The crypto industry is not about to give up and will be growing in the near future. Selecting the right assets to invest in before that happens is the main factor determining how many Xs you’ll be making. And if memecoins like DogeCoin or potential future financial value carriers like XRP are not your cup of tea, then maybe $MANIA token could be your fit – after all, it stands for fun and gaming.
Bitcoin (BTC) Traders Experience Heavy Losses, Compound (COMP) Price Struggles; Perfect Time to Invest in Borroe ($ROE)
Last week, Bitcoin (BTC) fell below $29,000 support briefly and almost triggered selling pressure in the market. In other news, Compound (COMP) struggled to maintain steady momentum after its CEO’s exit. Savvy investors are now turning to a hot new crypto called Borroe ($ROE). The platform aims to solve the challenges in decentralized funding and is currently in its presale stage.
Crypto Millionaires Say Now Is the Best Time to Buy Borroe ($ROE) Tokens
Borroe ($ROE) is an innovative discounting NFT marketplace where web3 market participants and content creators can generate instant cash by selling their future digital income. On Borroe ($ROE), you can mint your invoices, royalties, and subscriptions into NFTs and sell them at discounted prices to a supportive, vibrant community.
To ensure a secure and straightforward fundraising process, Borroe ($ROE) incorporates AI risk assessment, effective payment solutions, and blockchain technology in its protocol. Borroe ($ROE) also fosters a P2P system that allows buyers to buy and sell discounted invoice NFTs on secondary markets.
Bitcoin (BTC) Falls Below $29,000
For the first time in July 2023, Bitcoin (BTC) fell below the $29,000 support level. Bitcoin (BTC) traded at $28,937 on July 24, and experts have attributed this price dip to a significant decline in Bitcoin (BTC) whale activity and sustained selling pressure by retail market participants. According to Santiment, Bitcoin (BTC) whale wallet addresses declined by 1% in Q2 2023.
Even though Bitcoin (BTC) quickly recovered and is trading at $29,277 on July 26, analysts say the storm is not over yet. If Bitcoin (BTC) manages to break through support levels again, Bitcoin (BTC) bulls might fold, and we may see the token hit $25,000 in Q3 2023.
On the other hand, analysts say we may see another Bitcoin (BTC) surge after an investment optimal risk portfolio formula leaked from Blackrock (the world’s largest asset manager). This formula states that having 84% BTC in your risky portfolio is ideal and prudent. This data shows that big money players still back Bitcoin (BTC) for long-term growth and ROI.
Compound (COMP) Records High Volatility in Final Days of July 2023
CEO of Compound (COMP), Robert Leshner, recently resigned. According to reports from the ecosystem, Robert left $2 billion in assets for Compound (COMP), and the platform has blossomed after his departure.
After recording a massive surge of 92.31% in 30 days, Compound (COMP) has struggled to maintain its bullish momentum in the final days of July 2023. On June 29, 2023, Compound (COMP) was trading at $39.78. By July 16, Compound (COMP) gained 109.9% and rose to $82.30, thanks to significant whale activity.
Compound (COMP) remained highly volatile after this price surge, dipping to $69.50 on July 20. By July 25, Compound (COMP) went bearish further and traded for $59.18. Thankfully, Compound (COMP) bulls have returned to the market, and the token is trading at $71.48 on July 26.
Borroe Blasts Higher
Currently, Borroe ($ROE) completed its Beta presale stage and is selling for $0.0125. Crypto millionaires know the only way to wealth in this industry is by buying high-value tokens at their early stages. In Borroe’s ($ROE) case, this process will start after all presale stages are complete. Borroe ($ROE) will trade at $0.0400 when it hits major crypto exchanges and delivers a 300% surge to early investors.
Learn more about the Borroe ($ROE) presale here:
As Solana & DigiToads Trading Volume Gain Massive Traction, This is a Great Time to Invest in TOADS
The high-ranking Solana (SOL) has recently made headlines as its trading volume gains massive traction. This achievement marks a significant turning point for Solana, proving its position as a formidable investment prospect in the crypto industry. Conversely, DigiToads (TOADS), a revolutionary meme coin, is gaining immense traction, evident from the daily increase in yield and influx of investors participating in its live presale.
DigiToads is recommended to every investor, including gamers, traders, and NFT collectors, as one of the best cryptos to buy now. It presents a profitable NFT marketplace for NFT collectors and a series of trading contests. DigiToads also offers a prosperous presale with market-friendly prices, making this a great time to invest in the TOADS coin.
Let’s explore how Solana’s and DigiToads’ trading volumes gain massive traction and why this is a great time to invest in TOADS.
DigiToads (TOADS): Revolutionizing Gaming, NFT Collection, and Trading
The DigiToads ecosystem has experienced the growth of the TOADS meme coin as a prominent cryptocurrency in the DeFi market. Its exceptional features and successful presale have contributed to its mass adoption and increased trading volume. In the ongoing presale LilyPad 9 stage, over 364 million TOADS tokens have been sold, generating revenue surpassing $6.2 million. Currently valued at $0.047 per coin, TOADS offers investors a potential return on investment of 370%.
DigiToads has the best DeFi gaming space and highlights an outstanding Web3 game. In the game, TOADS token holders can actively engage in tournaments and competitions against each other. The TOADS tokens serve as currencies to purchase distinctive DigiToads characters, access exclusive gaming content, and acquire better abilities. Players receive TOADS coins as incentives for achieving top positions on leaderboards, winning competitions, and accomplishing milestones. DigiToads’ commendable reward strategy makes it one of the best cryptos to buy now.
DigiToads prioritizes community involvement in its NFT marketplace. The marketplace’s success, contributing to DigiToads’ surge in trading volume, is attributed to its impressive collection of unique NFTs. Within the DigiToads NFT marketplace, TOADS coin holders can access a variety of NFTs. During the ongoing presale, DigiToads has introduced 3500 NFTs available for minting. Owners of these NFTs can capitalize on their assets’ value by selling, trading, or holding them, creating opportunities for income generation.
Another notable reason now is the best time to invest in DigiToads is that it hosts a monthly series of trading contests. The contests offer 12 Platinum Toads—one for each month—as exclusive rewards. Owning a Platinum Toad grants the holder the responsibility of overseeing a portion of the DigiToads’ Treasury. The most skilled traders within the DigiToads community are entrusted with this role. The 12 Platinum Toad holders can receive a 10% share of any trading profits they generate for the Treasury. This strategic initiative fosters the best DeFi trading environment where traders are rewarded for their expertise.
Solana (SOL): Empowering High-Speed Transactions and Efficiently Executing Smart Contracts
Solana is a blockchain platform often referred to as the “Ethereum killer” because of its capability to serve as a capable alternative to Ethereum (ETH). The trading volume of Solana’s native SOL token has recently experienced significant development thanks to its innovative technology, scalability, and cost-efficiency. The platform’s ability to handle many transactions per second (TPS) has made it particularly attractive for traders involved in high-demand activities such as NFT trading.
With its fast transaction confirmation times and minimal network congestion, Solana offers a smooth trading experience, appealing to traders seeking quick and reliable execution. Solana’s compatibility with smart contracts has also propelled its trading volume to gain massive traction. SOL has become a preferred choice for developers and projects aiming to build decentralized applications (DApps) and facilitate seamless trading experiences.
Final Thoughts
Solana’s trading volume has gained massive traction due to its exceptional technological features and growing adoption within the DeFi market. On the other hand, DigiToads is experiencing a noteworthy surge in trading volume as it thrives in gaming, NFT, and trading niches. Now is an excellent time for intending investors to get involved with the TOADS coin to multiply their investments by 370%, play an immersive game, access a remarkable NFT marketplace, join trading contests, and stand a chance to win special Platinum Toads.
Top 3 Altcoins To Invest in This Bull Run For Maximum Gains
As cryptocurrencies continue their descent into a bull market, renowned influencer Ben Armstrong recently outlined what he believes to be the most promising and safe altcoin investments for the bull market.
The Three Safest Altcoins to Invest in
Ben emphasizes the potential of Polygon, Ethereum, XRP, and Cardano. With their own unique technologies and compelling use cases, these cryptocurrencies represent promising opportunities for savvy investors.
Ethereum, with its smart contract capabilities, and Polygon, an Ethereum scaling solution, are touted for their technological advantages in the evolving blockchain space. At the time of writing, both coins are bearish on the daily chart.
XRP, with its recent win against the Securities and Exchange Commission (SEC), garners a vote of confidence from Ben. The digital payment protocol stands as a potent force in the cross-border payments landscape, and its legal clarification as a non-security is already making its price propel.
At press time, XRP was worth $0.78, with a staggering 6.3% increase in the past twenty-four hours. Cardano secures a spot on this list due to its impressive scientific philosophy and robust development approach.
The coin’s upside potential, given its plans for smart contract functionality and financial inclusivity, is not lost on Armstrong, who points out that its strengths make it a worthy consideration for investors. Currently, $0.31, with an increase of over 3% in the past twenty-four hours.
Also Read: Leading Crypto Investment Firms Polychain Capital and Coinfund Secure $350M for Innovative New Funds
Regulatory Rumble: No Deterrent for Crypto Bulls
Ben does not discount the importance of the regulatory landscape in his analysis. He brings attention to the recent court ruling in favor of Ripple, hinting at a potential trend in which blockchain companies may successfully argue against security classifications.
The successful defense by Ripple will set a precedent for other cryptocurrencies like Tron and BitTorrent, whose legal statuses have been questioned but which Ben is confident will not be classified as securities.
Cathie Wood’s Ark Invest Sells $53 Million in Coinbase Shares, Diversifies into Meta and Robinhood
Renowned for its forward-thinking investment strategies, Cathie Wood‘s Ark Invest has attracted close attention from investors seeking insights into the firm’s ever-evolving portfolio. In a recent development, Ark Invest has made significant moves, selling Coinbase shares worth an impressive $53 million while simultaneously adding Meta Platforms and Robinhood shares to its holdings.
As part of its ongoing effort to adjust its exposure to the cryptocurrency sector, Ark Invest decided to reduce its holdings in Coinbase, a leading cryptocurrency exchange. This move comes as no surprise, considering the firm’s proactive approach to capitalizing on market opportunities.
Coinbase Stock Surge: A Boon for Many!
Cathie Wood, a prominent Bitcoin bull, seized the opportunity to capitalize on Coinbase’s soaring stock price by selling a portion of Ark Invest’s Coinbase (COIN) holdings. On July 14, Ark Invest sold a total of 478,356 Coinbase (COIN) shares valued at $53 million. This decision coincided with Coinbase’s stock price reaching a yearly high of $114.43.
The sale of Coinbase shares affected various Ark Invest funds differently. Ark Innovation ETF (ARKK) sold 263,247 COIN shares, while ARK Next Generation Internet ETF (ARKW) sold 93,227 COIN shares. Additionally, ARK Fintech Innovation ETF (ARKF) offloaded 35,666 COIN shares
Cashing In on the Ripple Effect
Coinbase’s impressive 33% rally throughout the week contributed to its year-to-date surge of 213%. However, on Friday, the stock experienced a 1.58% decline, closing at $105.31 as investors locked in profits. It’s worth noting that Coinbase’s surge, combined with positive developments in the ongoing US SEC v. Ripple lawsuit, also boosted other crypto-related stocks.
Read More: Cathie Wood Sees Binance’s Legal Troubles as an Advantage for Coinbase
A Look Into Ark’s Investments
In addition to the Coinbase sell-off, Cathie Wood’s Ark Invest made notable acquisitions of Meta Platforms (META) and Robinhood (HOOD) shares. This strategic move highlights Ark Invest’s commitment to diversifying its portfolio and capitalizing on new market opportunities.
Ark Innovation ETF (ARKK) acquired 69,793 META shares, while ARK Fintech Innovation ETF (ARKF) purchased 111,843 Robinhood shares. Furthermore, ARK Next Generation Internet ETF (ARKW) expanded its holdings by purchasing 12,559 META shares and 169,116 Robinhood shares.
Related: Bitcoin Will Hit $1 Million by 2030, Claims Ark Invest CEO Cathie Wood
During the week, Meta Platforms experienced a nearly 5% increase, with shares closing at $308.87 on Friday. Similarly, Robinhood’s stock price surged by 13%, ending the week with a closing price of $12.38.
Cathie Wood’s strategic moves in Ark Invest’s portfolio reflect the firm’s proactive approach to capitalizing on market opportunities and diversifying investments. These actions align with Ark Invest’s investment strategies and underscore Wood’s continued optimism in the cryptocurrency and technology sectors.
5 Best Altcoins To Invest In 2023 – Compare New Altcoin Projects
In this article, we delve into five promising altcoins that have been making waves in the market: Filecoin (FIL), ApeCoin (APE), Lido DAO (LDO), Conflux (CFX), and Uwerx.
By examining their market dynamics, technological advancements, and community-driven developments, we will provide valuable insights for investors looking to diversify their portfolios.
Filecoin (FIL) Price Prediction
Filecoin (FIL) is a cryptocurrency at the forefront of decentralized storage networks (DSN) built on blockchain technology. With its unique protocol and marketplace, Filecoin (FIL) aims to revolutionize secure and efficient decentralized data storage.
The network enables independent storage providers to offer clients data storage and retrieval services, establishing a robust ecosystem. By utilizing Filecoin (FIL) tokens, the native cryptocurrency of Filecoin (FIL), users can store their files on this decentralized network in exchange for a fee.
Currently ranked #31 on CoinMarketCap with a live market cap of $1,978,104,132, Filecoin (FIL) holds immense potential. Projections indicate that by Q3 2024, the price of Filecoin (FIL) may reach $9.96 because of the increasing adoption of Filecoin (FIL), presenting a compelling opportunity for investors.
ApeCoin (APE): Empowering the APE Ecosystem and NFT Community
ApeCoin (APE) is a cryptocurrency that is the backbone of the thriving ApeCoin (APE) ecosystem. This ecosystem comprises a passionate community of token holders and a wide range of products and services that leverage the power of ApeCoin (APE).
By holding ApeCoin (APE), users gain access to exclusive features within the ecosystem, including engaging games, exciting events, unique merchandise, and valuable services.
With a current price of $3.21 and a 24-hour trading volume of $38,890,126, ApeCoin (APE) demonstrates its market presence. Experts project a positive trajectory for ApeCoin (APE), forecasting a potential price of around $6.02 by 2024.
This prediction reflects the growing interest and demand for ApeCoin (APE) within the dynamic NFT landscape, making it an intriguing investment opportunity for those seeking exposure to the ApeCoin (APE) ecosystem and its vibrant community.
Lido DAO (LDO) Price Prediction
Lido DAO (LDO) is the native utility token that fuels the decentralized decision-making process within the Decentralized Autonomous Organization.
As holders of Lido DAO tokens, participants gain governance rights, enabling them to actively participate in shaping key parameters of liquid staking protocols.
In addition to their governance functionalities, Lido DAO tokens can be traded on popular centralized crypto exchanges like DigiFinex, Binance, and BingX.
With a current price of $2.21, Lido DAO demonstrates promising potential in the market. Analysts anticipate a Lido DAO price surge, reaching $5.93 by 2024. The growing partnerships and collaborations within the ecosystem fuel this projection.
Conflux (CFX): Thriving on the Conflux Network with Remarkable Performance
Conflux (CFX) is a cryptocurrency that operates on the Conflux Network, a robust public blockchain platform.
Three months ago, Conflux experienced an extraordinary surge in price, witnessing an impressive 500% increase in just one week.
This surge was largely attributed to China’s growing acceptance of cryptocurrency trading, positioning Conflux as one of the top-performing crypto assets of the year.
Conflux continues to garner attention with a current price of $0.310883 and a 24-hour trading volume of $85,397,479. Market analysts confidently predict that it will reach $0.71 by Q3-Q4 2023.
This projection reflects the consistent dominance of the project within the Chinese crypto market.
Uwerx (WERX): Enhanced Earnings and Work Efficiency on the Uwerx Platform
Uwerx emerges as a freelance platform dedicated to empowering individuals in an industry plagued by excessive fees. By offering a minimal 1% service charge, Uwerx ensures that freelancers can maximize their earnings on par with full-time workers. Beyond financial benefits, the platform prioritizes work efficiency through additional features, providing a seamless experience for freelancers.
To ensure long-term stability and security, Uwerx plans to implement a 25-year lock-up liquidity period at the end of the presale, and the decision was backed by 82.8% of its community members. Thorough audits conducted by InterFi Network and SolidProof guarantee the platform’s safety. Moreover, upon the project’s launch on centralized exchanges, ownership contracts will be renounced, and taxes settled to protect investors’ funds.
CoinSniper’s recent listing of Uwerx expands user accessibility and engagement opportunities. Furthermore, the upcoming listing on Uniswap, scheduled for August 1st, will provide users with even more choices to leverage Uwerx’s services, strengthening the platform’s presence in the crypto market.
Uwerx (WERX)’s Success and Lucrative Investment Opportunity
The remarkable achievements and overwhelming demand surrounding Uwerx have captivated the attention of numerous investors. With its fifth presale stage underway, the token’s popularity has skyrocketed. Each of the first four presale stages concluded rapidly, reflecting the high demand and investor interest.
Investors now have a unique opportunity to acquire WERX tokens at an enticing price of $0.05245 during the ongoing presale phase, accompanied by a generous 20% bonus.
Uwerx introduces the revolutionary Uwerx Vault, a secure staking mechanism that ensures the safe storage of tokens. With this feature, investors can confidently watch their returns grow while their tokens remain protected. The project’s future looks promising, with an Alpha Version of the Uwerx platform set to launch soon, marking a significant milestone toward realizing its immense potential. The presale’s hard-cap end date has been firmly established for July 31st, 2023.
Industry experts hold an optimistic outlook on the future value of WERX. They project the token to reach $0.59 by Q1 2024 and $1.76 by Q4 2024, driven by its listing on CoinSniper and the anticipated listing on Uniswap on August 1st.
Uwerx (WERX): Strong Community Support and Upcoming Platform Updates
A recent survey conducted within the Uwerx community revealed overwhelming support, with 98.2% of participants favouring the implementation of the Test Airdrop, scheduled to occur before the presale’s conclusion on July 31st, 2023. Additionally, the team is taking proactive steps to lock the liquidity before the presale concludes, ensuring the platform’s stability.
Uwerx recently unveiled a ten-page PDF showcasing the latest updates on the Alpha platform. This comprehensive guide covers various features, including signing up, logging in, password recovery, hiring dashboard, and activity management. Keep an eye out for upcoming updates.
The team is actively preparing for a seamless transition from the Alpha platform to the upcoming Beta phase, introducing new features and improvements to enhance the user experience. Uwerx appreciates your feedback, so please don’t hesitate to share your thoughts at [email protected].
To capitalize on the current market conditions and secure WERX tokens, take advantage of the 15% bonus available by clicking the links below:
Top 5 Crypto Presales to Invest in 2023. You Can’t Miss These Presales!
These are the most lucrative times for crypto enthusiasts. New projects and presales appear daily, and potential investors look for tokens to buy. While some crypto projects might be risky, the upside is huge profits that can be gained if you invest in the right project at the right time.
What is a Crypto Presale?
Presale is a campaign run by crypto projects when tokens are sold to interested users with attractive discounts ahead of listings on centralized and decentralized exchanges. The practice is beneficial to both parties. While developers have the ability to raise the funds required to complete the project, token holders have a chance to acquire tokens that will substantially grow in their worth for a smaller price. Additionally, some developers may run the presale ahead of their listings to generate buzz around their project and therefore increase the price of the token.
Pre-sales benefit both investors and developers, especially if the concept is successful and quickly adopted. Crypto pre-sales function as crowdfunding vehicles, providing creators with the capital needed to complete the project. It is an opportunity for investors to enter a cryptocurrency before it hits the market and appreciates.
How to Participate in the Crypto Presale?
Pre-sales are an excellent method to become involved with new and valuable cryptocurrencies. There are numerous benefits to participating in the early stages of a presale. To mention a few, investing funds in presale implies purchasing a coin at a reduced price, allowing you to purchase more (and profit significantly more from them). You’ll get early access to rewards and will be able to trade digital currencies on trading platforms before they become widespread. You’ll be able to support and be a part of large communities of like-minded people, as well as work on initiatives that are important to you.
Presales might be risky but the benefits can be huge, so don’t forget to do your own research.
Although there is no technical knowledge required to participate in the presale, there are some things a crypto enthusiast should know about participating in the presale.
First, you need to find great trustable projects that are having presales right now, and today is your lucky day because we have collected some of the best crypto presales below. Next, you will need a crypto wallet to hold your tokens, MetaMask is the popular option, but you can also use services like WalletConnect. Also, it is always a good idea to check if the development team offers special bonuses (like a vesting bonus for holding your tokens a certain time) during the presale and learn how you can use them to your advantage.
Picking the suitable projects can be difficult. After all, no one wants to be the one who had a chance to buy the next Axie or Pepe early and miss it, but it doesn’t have to be. We created a list of high-potential, trustable ICOs that will benefit you enormously.
ScapesMania – A new crypto ICO launched by the Binance Grant Winners 2023. The developers have a clear vision: to establish a gaming DAO ecosystem that will allow crypto enthusiasts to benefit from the growing $300+ billion gaming industry.
What’s more, ScapesMania is not one project but a whole ecosystem. While the eponymous ScapesMania game will serve as a flagship title to the whole ecosystem, the developers plan to add more games in the future to cover different popular genres and audiences.
The whitelist stage has already been sold out, the project has passed a KYC and successfully audited. The team attends major crypto events and conferences, and the project is going to be listed on Tier-1 CEXs platforms (PancakeSwap, Gate.io, MEXC, etc), and has the support of industry-leading advisors.
In its presale stage, ScapesMania’s native currency, $MANIA, is offered for 0.002 USDT per token (- 80% discount from the listing price), with the final listing price set at $0.01 per token. With a price increase in the following stage to $0.003 USDT and a five-time increase in the final listing stage, early buyers can capitalize on this upside opportunity if they will grab their tokens before the stage pool is sold out. Furthermore, ScapesMania also provides a potential bonus of up to 25% on purchases of $MANIA.
Inspired by the “Pepe the Frog” meme, $PEPE is the hottest meme coin right now.
According to the official website, the PEPE memecoin is designed to be “the most memeable meme coin in existence.” The page has multiple references to other popular tokens such as Shiba Inu, Floki Inu and Dogecoin.
The total token supply of PEPE is 420,690,000,000,000 and while the team jokes about having no plans for the token at all, they published a detailed, three phases roadmap on their website.
Relying on the culture and memes PEPE is causing a major stir within the crypto community, quickly gaining market capitalization.
ChainGPT is an innovative project that brings the power of Large Language Model AI to the Web3 space. The developers created an extremely sophisticated AI model that makes interactions with and development for Blockchain much easier than before.
The highlight of the ChainGPT project is the fact that now even non-developers can create smart contracts for their tokens in seconds by asking the AI bot to write them for them.
ChainGPT ecosystem is supported by its utility token $GPT, which is required to pay for some of the premium features, while token holders will enjoy a 50% cut of all income. Other notable features include a Dev Assist browser extension that helps users to better understand smart contract interactions, an AI-powered news service that automates the process of creating news stories about Blockchain and Crypto, AI Generated NFTs and an AI Trading Bot that analyzes market data and makes trading decisions on behalf of the user.
Another crypto that started as a meme coin, but grew into a full-fledged functional platform where holders can give their opinions on various topics and earn. The LHINU token is at the heart of this project and will be used to unlock the vote-2-earn mechanics from which users can benefit.
The users will be able to vote on issues that are important to them and will be rewarded for doing so. The reward will be determined by the staking period and the number of tokens staked by the users.
Love Hate Inu is laying the groundwork for you to profit from sharing your thoughts on major social, political, and entertainment matters. Because it uses blockchain, it eliminates the chance of tampering with the voting results. The platform is completely safe, transparent and provides anonymity to its users. The anonymity will encourage voters to be candid about their opinions because they will be safe from retaliation.
Founded by ex-Meta executives, Mysten Labs developed a new layer-1 high-performance blockchain with Sui as its native token.
The Sui blockchain has been designed to be highly scalable. Unlike current blockchains that rely on Proof-of-Work (PoW) and Proof-of-Stake (PoS) consensus mechanisms, Sui utilizes a Delegated Proof-of-Stake (dPoS) consensus mechanism.
The total token supply is capped at ten billion tokens, and holders can use their Sui to stake and participate in PoS consensus, pay gas fees for transactions and other activities, participate in on-chain voting or use it as a medium of exchange.
Conclusion
We reviewed the most promising and high-potential crypto presales right now! These projects have been developed by proven and trusted teams, and we highly advise our readers to look into them and not wait up, as the token pools are limited and presales might close any day.
Is It Too Late to Invest in Solana andnDigiToads? Analysts Weigh In
As the cryptocurrency market continues to evolve and capture the attention of investors worldwide, the question arises: Is it too late to jump on the bandwagon and invest in popular projects like Solana (SOL) and DigiToads (TOADS)?
Analysts have been closely studying these projects and their growth potential, shedding light on the investment opportunities they present. While Solana has been making waves with its robust ecosystem, DigiToads has emerged as an intriguing meme coin, gaining traction with its unique features and strong community support.
With DigiToads’ current token price of $0.047 and the impressive number of tokens sold during the presale, the project has already garnered significant interest and trust from investors. Its unique features, such as TOAD Economics and NFT staking, further enhance its appeal and potential for long-term success.
DigiToads (TOADS)
First and foremost, the project’s successful presale, which raised over $5.7 million, showcases the immense demand and trust that investors have placed in this meme coin. With over 353.2 million tokens sold, accounting for over 94.5% of the total token supply, DigiToads has struck a chord with the market. The current token price of $0.047 reflects the potential for substantial returns.
One of the key strengths of DigiToads lies in its unique economic model, aptly named “TOAD Economics.” This innovative strategy incorporates a 7% tax on all transactions, both entering and leaving the ecosystem, which directly benefits token holders. The tax includes components such as token burn, NFT staking pool rewards, liquidity pool maintenance, and contributions to the project’s treasury. This mechanism incentivizes holding TOADS tokens and their NFT counterparts, fueling the growth of the Toad Treasury.
The token burn feature is particularly noteworthy. By incorporating a built-in deflationary factor, DigiToads ensures that its fixed maximum supply converts into a constantly decreasing circulating supply, creating scarcity and potentially driving up the value of TOADS tokens over time. This scarcity effect has the potential to attract investors seeking assets with limited supply, further bolstering the investment case for DigiToads.
Additionally, the NFT staking pool provides a means for TOAD token holders to earn rewards. With every transaction, 2% of TOAD tokens are allocated to the staking rewards, which are distributed among staked TOADS NFTs. This dynamic rewards system not only encourages long-term holding but also ensures continuous engagement and benefits for dedicated Toad-ficionados.
Solana (SOL)
Solana’s strength lies in its robust ecosystem, which offers high scalability, low transaction fees, and fast confirmation times. These technical strengths position Solana as a viable competitor to established blockchain networks, attracting developers and projects looking for a platform that can handle large-scale decentralized applications (dApps) and smart contracts efficiently.
Solana’s ability to process thousands of transactions per second with low fees has positioned it as a strong contender in the realm of decentralized finance (DeFi) and non-fungible tokens (NFTs). As the demand for these applications continues to rise, Solana’s ecosystem provides a fertile ground for innovative projects to flourish. With its emphasis on scalability and performance, Solana has attracted the attention of major players in the crypto space and has witnessed significant adoption in recent times.
Conclusion
No, it’s not too late to invest in Solana and DigiToads! The investment opportunities presented by both cannot be overlooked. DigiToads’ successful presale, raising over $5.7 million, and its unique economic model make it an intriguing meme coin investment.
Solana’s robust ecosystem and technical strengths position it as a promising blockchain platform, attracting developers and projects seeking scalability and efficiency. On the other hand, the combination of token burn, NFT staking, and a strong community focus contributes to its potential for growth and appreciation.
DigiToads Presale | Mint DigiToads NFTs Here | Join the community
Top Cryptos to Invest in June: Filecoin, HedgeUp, Polkadot
The cryptocurrency landscape is an ever-evolving one, with new opportunities cropping up frequently. As we head into June 2023, three names stand out as particularly promising for investment: Filecoin (FIL), HedgeUp (HDUP), and Polkadot (DOT). Each of these tokens presents compelling potential for growth and stability, making them an attractive choice for discerning investors.
Filecoin (FIL) – Riding the Wave of Decentralization
Filecoin (FIL), a decentralized storage network that transforms cloud storage into an open market, has been steadily gaining traction. The native token is used as a means of payment in the Filecoin network. The demand for decentralized storage is growing rapidly, thanks to its potential to disrupt traditional cloud storage models. Investors see the value in Filecoin’s proposition, making it a worthy contender in their portfolios.
HedgeUp (HDUP) – Stability Amidst Volatility
While volatility is a well-known characteristic of the crypto world, HedgeUp (HDUP) offers a breath of fresh air with its asset-backed token. The recent presale of HedgeUp saw a considerable influx of investors, thanks to the attractive bonus scheme the company offered. HedgeUp’s commitment to providing value to its investors and the potential stability of the token in the face of volatile market conditions make it an attractive option for investors.
Polkadot (DOT) – Pioneering Interoperability
Polkadot (DOT), known for its unique multi-chain infrastructure that enables different blockchains to interact, has remained an appealing choice for investors. Its token has performed well in the market, primarily driven by its robust technology and potential applications. The future of interconnected blockchain networks holds promise, and Polkadot is at the forefront of this revolution.
Weighing the Options
When considering these three promising cryptocurrencies, it’s essential to bear in mind each one’s unique selling proposition. Filecoin’s decentralized storage model is pioneering, Polkadot’s focus on interoperability represents the future of blockchain, while HedgeUp’s asset-backed token offers a semblance of stability in a typically turbulent market. Therefore, the choice depends on the individual investor’s strategy, risk tolerance, and foresight into future trends.
Conclusion
As we approach June 2023, Filecoin (FIL), HedgeUp (HDUP), and Polkadot (DOT) present compelling investment opportunities. The inherent potential in their technologies and strategies positions them as favourable options for those seeking to diversify their portfolios.
It’s crucial to remember that the world of cryptocurrency investment is high-risk and requires diligent research. However, with an understanding of the risks involved, investments in these cryptocurrencies could yield considerable returns, making them top picks for the discerning crypto investor in June 2023.
For more information about HedgeUp (HDUP) presale use the links down below:
Best Cryptocurrency To Invest in 2023 Are Uwerx (WERX), Polygon (MATIC), and Dogecoin (DOGE)
Even with the broad market downturn, a renewed interest in the cryptocurrency sector has increased the number of investors. The cryptocurrency market has 12,966 cryptocurrencies, as seen on CoinGecko. With this number, it can be hard to make the right decision, which is why proper research is needed.
In the meantime, analysts consider Uwerx, Polygon (MATIC), and Dogecoin (DOGE) as the best cryptocurrency investment for 2023.
Polygon (MATIC): Analysts Predict A Bull Run
A look at the YTD chart of the Polygon (MATIC) proposes a buy signal as the token is close to $1 compared to the price it began the year with. Analysts predict this might be a good opportunity for investors to hold more Polygon (MATIC). A look at the trading volume of Polygon (MATIC) shows that $123 million worth of Polygon (MATIC) was traded in the past 24 hours compared to the $525 million it traded over two weeks back.
This is quite problematic for investors as the token seems to be decreasing. For example, a look at the past 30 days shows that Polygon (MATIC) lost 19.4% of its value. But in the preceding 14 days, the Polygon (MATIC) rose by 7.4% and 0.6% to reach its current price of $0.90.
At its peak, Polygon (MATIC) had a price of $2.92, and since its all-time high, Polygon (MATIC) has lost 68.8% of its value. However, analysts believe that the price of Polygon (MATIC) will rise in the coming weeks as several indicators suggest a bullish run.
Dogecoin (DOGE): Pump Expected After A Recent Downtrend
Many consider Dogecoin (DOGE) the first meme coin, and its price performance so far has been nothing short but surprising to investors, given the bearish nature of the entire crypto market. Usually, every Dogecoin (DOGE) rally ends similarly to the previous ones; short-term holders make considerable profits in a short period and take profits as soon as the token is overbought for the first time or reaches a close resistance level.
Over the past 30 days, Dogecoin (DOGE) token rose by 6.2%, but there wasn’t enough power to run to the $0.10 price level. Though the month hasn’t been too good for most tokens, Dogecoin (DOGE) rose in the past 14 days by 7.8% and attained a short-term resistance level.
Analysts predict that these pumps arose due to a breakout attempt by large retailers, buyers, or whales since Dogecoin (DOGE) volume showed an abnormal spike that increased the price level. Dogecoin (DOGE) is currently priced at $0.072930 after a 0.7% price decrease in the past day.
Uwerx (WERX): Top Alternative Investment Of 2023
Uwerx is an all-new project currently in presale which is a Polygon-based freelance platform that utilizes blockchain technology. The platform offers lower fees than its competitors, Upwork and Fiverr, at 1% instead of 20%, and provides transparency and security due to its decentralized nature. The Uwerx project has been granted audit approval by both InterFi Network and Solidproof, and its liquidity has been locked in for 25 years after the presale concludes.
With Uwerx demonstrating an extraordinary growth trajectory in 2023 and beyond, discerning investors have an unparalleled opportunity to secure significant returns. Previews of the Alpha Version have already sparked great interest, and the anticipation of the imminent Beta version release only heightens the potential.
This Friday, 2nd June, at 15:00 UTC, the WERX price is set to rise from $0.0315 to $0.041. Concurrently, the current generous bonus of 20% on orders is poised to decrease to 15%. There couldn’t be a more optimal time to expand your portfolio with WERX at the attractive price of $0.0315, while also taking advantage of the 20% purchase bonus.
Discover the allure of Uwerx and make a strategic choice for your investment portfolio. Consider embracing this lucrative moment – visit the links below to acquire a deeper understanding of Uwerx and seize the opportunity to secure your future wealth today.
Robert Kiyosaki Issues Warning: “US Shall Go Bankrupt, Invest In Gold, Silver & Bitcoin”
Renowned business titan and author Robert Kiyosaki recently expressed his thoughts on the significance of Bitcoin in relation to the mounting national debt of the United States. Kiyosaki draws attention to the deteriorating US economy, rising national debt, and the ongoing debate in Congress about raising the debt limit to $31.4 trillion to avoid default.
Politicans debating raising $ 30 trillion US debt limit bad comedy, “kabuki theater.” Facts are: US bankrupt. Unfunded liabilities as Social Security are over $250 trillion. Financial market “derivative assets” measured in quadrillions…thousands of trillions. WTF. Buy G,S, BC.
— Robert Kiyosaki (@theRealKiyosaki) May 24, 2023
Kiyosaki’s Investment Perspective
Kiyosaki believes that the US economy resembles a “kabuki theater,” invoking the Japanese dance and drama form, and suggests that the country is effectively bankrupt. He highlights the alarming unfunded Social Security commitments of over 250 trillion dollars and emphasizes the staggering value of “derivative assets” in the financial market, which amounts to thousands of trillions of dollars.
In light of these concerns, Kiyosaki recommends diversifying investments to include gold, silver, and Bitcoin, often referred to as “digital gold,” as a safeguard against a potential financial collapse.
A Revised Forecast
Kiyosaki’s support for Bitcoin aligns with mainstream perspectives, as he has advocated for cryptocurrency for years. When the COVID-19 pandemic hit in 2020 and the US government injected trillions of dollars into the economy, Kiyosaki criticized the newly created money, referring to it as counterfeit since it was essentially manufactured out of thin air.
With the US dollar (DXY) experiencing a decline, Kiyosaki’s assertions gain credibility. Initially, he predicted that Bitcoin could reach $500,000 by 2025, but he later adjusted his forecast to a more conservative estimate of $100,000, a figure that many investors still find reasonable.
Bitcoin Market Performance
Over the past week, the Bitcoin price has witnessed a steady decline, dropping from $27,412 on Tuesday to $26,077, representing a loss of approximately 4.87%. However, the cryptocurrency has since experienced a partial recovery and is currently trading at $26,228. It is worth noting that James Bullard, the president of the Federal Reserve Bank of St. Louis, recently expressed his expectation of two 25 basis points interest rate hikes by the Federal Reserve in 2018. Historically, Bitcoin’s value has tended to decrease whenever the Federal Reserve raises interest rates, both in the current and previous years.
Mixed Predictions
Famous commodity trader Peter Brandt recently made a pessimistic prediction for Bitcoin based on a flag pattern observed on a chart, indicating that the cryptocurrency may continue to struggle in the ongoing bear market. Despite these mixed predictions, Robert Kiyosaki’s views on Bitcoin remain relevant and influential. In these tumultuous times, it is important to consider the assets that can withstand market volatility and provide stability.
Tether Reveals Strategy to Invest up to 15% of Profits in Bitcoin
The issuer of the world’s largest stablecoin, Tether, has announced the firm’s plans to allocate some of its profits to buy Bitcoin. According to a recent statement, Tether is allocating up to 15% of the realized profit from investments to purchase Bitcoin.
The new investment strategy will begin this month, according to the latest statement from Tether. The portion of profits that excludes any unrealized price appreciation will be used to add Bitcoin to its stablecoin reserve.
Tether to Begin Buying BTC as Part of a New Strategy
Tether’s recent announcement follows its report of $1.5 billion in net profit for the first quarter. As part of its strategy, the stablecoin issuer has decided to regularly acquire bitcoin and expand its existing holdings. Additionally, the company stated that the BTC bag will be safeguarded in their own custody without relying on any third parties.
The Q1 report that was released by Tether on May 10, 2023, revealed that the firm holds $1.5 billion in BTC and $3.4 billion worth of gold, along with other assets, as reserves for USDT. Based on Tether’s attestation for the first quarter of 2023, approximately 85% of its reserves consist of cash and cash-like assets, including U.S. Treasury bonds.
Paolo Ardoino, chief technology officer of Tether, said in a statement: “Bitcoin has continually proven its resilience and has emerged as a long-term store of value with substantial growth potential.”
He also stressed that Bitcoin investment is also a method of aligning themselves with transformative technology. USDT is the largest stablecoin by market cap, according to data from CoinGecko. The market cap of USDT stands at $82 billion at the moment.
Also Read : Bitcoin Will Soon Return To Its ATH Level, Predicts Tether CTO
Over the years, Tether has faced criticism from within the cryptocurrency industry regarding its lack of transparency regarding its reserves and its controversial investment choices. However, the firm has been very transparent with its decisions.
How To Invest In Big Eyes Coin During Its Triumphant Journey
What does Big Eyes Coin have to of-fur for the next six months?
Big Eyes Coin (BIG) has captured the attention of crypto communities worldwide with its unique approach to environmentalism and successful presale campaign. The meme token looks to enter and compete in the bull market!
As the presale comes to a close during alt season, Big Eyes Coin has exciting launches planned in its six-month exchange roadmap that investors would not want to miss.
As a meme coin, Big Eyes Coin (BIG) stands out for its eco-friendly proof-of-stake consensus mechanism. Unlike other cryptocurrencies that require intensive mining processes, their environmentally friendly consensus mechanism has attracted investors. What accompanies this thoroughly is that a portion of its holdings goes towards organisations that aim to protect the ocean, making Big Eyes Coin a promising investment option for those who want to make a positive impact while potentially making a profit.
The presale campaign has already raised an impressive $34.5 million, and investors can still take advantage of a 300% bonus on purchases until the presale expires on June 3rd by using the code END300. To incentivise investors further, Big Eyes Coin is also offering early access to forthcoming events and product releases by purchasing the Sushi Crew series of Big Eyes NFTs that feature adorable cats.
Big Eyes Coin’s six-month exchange roadmap aims to bring it to the top of the meme coin market, competing with popular coins like Dogecoin (DOGE) and Shiba Inu (SHIB). The coin will be listed on Uniswap’s (UNI) DEX on June 15th, and the launch of a CEX on Binance BNB (BNB) is also a possibility. Over the next six months, Big Eyes Coin will be listed on exchanges such as Gate.io, Bitget, BKEX, LBank, Deepcoin, and many more.
Investing in Big Eyes Coin
Before investing in Big Eyes Coin (BIG), it’s important to do your own research and carefully consider the potential risks and rewards of investing in any cryptocurrency. That being said, if you’re interested in supporting eco-friendly causes and believe in Big Eyes Coin’s unique approach to proof-of-stake consensus mechanism, here’s how to invest:
First, create a wallet that supports Big Eyes Coin, such as MetaMask, Trust Wallet, or MyEtherWallet. Once you have a wallet, you can purchase Big Eyes Coin during the presale by visiting their website. It’s important to remember that investing in cryptocurrencies is highly volatile and speculative, so never invest more than you’re willing to lose. However, if you’re interested in supporting environmentalism and believe in Big Eyes Coin’s potential to compete with other meme coins, then investing could be a promising option for you.
With its unique approach to environmentalism, innovative features, and exciting developments, Big Eyes Coin has become a buzzword in the world of cryptocurrency.
The coin’s potential to compete with the likes of Dogecoin (DOGE) and Shiba Inu (SHIB) makes it a promising investment option for those who want to make a positive impact. They have some tricks up their sleeves over the next 6 months with their ground-breaking exchanges.
Take advantage of the launch of these excellent exchanges and stick around for the next six months to see Big Eyes Coin’s expansion.
Check out Big Eyes Coin’s (BIG) medium post and Twitter page for further details:
Presale: https://buy.bigeyes.space/
OpenSea: https://opensea.io/collection/big-eyes-lootbox-cards
Twitter: https://twitter.com/BigEyesCoin
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10 Reasons To Invest In The Popular Cryptos
Cryptos have become a staple part of financial transactions now due to the elimination of specific fees, risks, and regulations. The growth of the industry has been remarkable in the past decade making them a valuable investment option. Here are 10 reasons why you need to consider the top cryptos for your investment portfolio.
Acceptance of crypto is increasing globally. Countries like Africa, China, India, South America, and more are rapidly adopting the payment option. Merchants and businesses are seeing it as a favourable payment mode. Further, the new technologies in the sector have made cryptos easy to use.
Trading is simple, easy, and flexible. You can purchase cryptos via your bank account, PayPal, and credit/debit card. The use of blockchain technology enables easy buying, selling, transfer, and exchange.
All digital payments are stored in a public ledger which makes the data transparent and unchangeable. The info is verified and immune to hacking.
The cost of transactions done via a traditional banking system is high as there are fees related to employee payments, building rentals, utility bills, and more. With digital currency, all transactions are done online resulting in lower fees.
Although no particular system is immune to hacking as seen by the hacking of a few of the exchanges in the recent past, cryptos offer better security than conventional assets. It is not an easy task to hack into a decentralized exchange and if a hacking incident is present, most exchanges are ready to reimburse the stolen asset.
Portfolio diversification is a time-tested method used by investors with success. With the inclusion of crypto assets in your portfolio, you can diversify and protect your assets from economic and geopolitical issues.
Due to the elimination of government regulations, digital currencies are protected from inflation, bank failures, and other economic debacles.
- Protect From Currency Inflation
When compared to fiat currency, cryptos are not susceptible to inflation. They are digital assets with global value and are not controlled by regional inflationary issues.
Blockchain technology integration has enabled the currency to be secure from hacking, counterfeiting, and other manipulative methods.
Since there are no middlemen or regulatory mechanisms, no taxes are associated with the cryptos. Further, the transaction fee is also very minimal.
Cryptos Are Here to Stay
Although the technology behind crypto is complex, investing in it is easy. But ensure that the crypto investment makes a part of your portfolio. Make a thorough research before choosing an asset. Investing in early projects like Uwerx that could generate high returns is a prudent strategy to try.
The freelance-based platform provides real-world value and tangible benefits that could turn into future blue-chip crypto. With a low initial price and high price prediction, it could be an excellent option. The links below will give more info on the Uwerx presale.
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
Website: https://www.uwerx.network
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. The image used in this article is for informational purposes only and is provided to us by a third party. Coinpedia should not be held responsible for image copyright issues. Contact us if you have any issues or concerns. Readers should do their own research before taking any actions related to the company. |
How To Invest In NFT Projects Through NFTproX
NFTproX is an NFT project investment platform where users can invest in various collections and earn passive income from them. As a sign-up bonus, the platform offers $10, which is a great opportunity for investors looking to invest for free. In addition, NFTproX is known as one of the best methods to generate passive income, as many investors can recoup their investments in just three days.
While NFT crowdfunding projects can help entrepreneurs and creative people to raise the funds they need, the current Web2 paradigm has limitations due to centralized structures and constraints. NFTproX recognizes the potential of blockchain-based solutions for transforming crowdfunding projects while addressing the issue of providing donors with significant benefits. By accepting decentralization while preserving the benefits of massive Web2 platforms, NFTproX is committed to revolutionizing the crowdfunding industry.
What is NFTproX?
NFTproX was founded in 2022 and has quickly gained popularity, with over 120,000 users worldwide. To participate in NFT crowdfunding on the platform, users can easily sign up and verify their accounts through the website. In addition, NFTproX has an affiliate program where users can refer partners and earn a commission of up to 5% on their referred partners’ activities on the platform. Overall, NFTproX aims to provide a user-friendly platform for creators to get their ideas to life and for investors to support innovative projects by investing NFTs.
Profitable investment Collections
NFTproX’s business model is similar to a traditional bank, where users can make deposits and receive daily profits on their accounts. However, instead of conventional banking products, NFTproX offers a variety of NFT Collection options that users can invest in.
These NFT Collection options come in different prices and have varying contract periods, each offering a unique Return on Investment. For example, a user may choose to invest in a $10 NFT Collection option with a one-day contract period and a daily payout of $10 + $0.3, which translates to a daily rate of 3%.
Alternatively, a user may invest in a $6,800 NFT Collection option with a 64-day contract period and a daily payout of $6,800 + $7,833.6, which translates to a daily rate of 1.8%.
What to expect from Collections options:
| Price | Terms | Payouts | Daily Rate |
| $10 | 1 Day | $10+$0.3 | 3% |
| $100 | 3 Days | $100+$2.4 | 0.8% |
| $450 | 10 Days | $450+$45 | 1% |
| $1,500 | 20 Days | $1,500+$375 | 1.25% |
| $3,400 | 35 Days | $3,400+$1,785 | 1.5% |
| $6,800 | 64 Days | $6,800+$7,833.6 | 1.8% |
How to use NFTproX?
Step 1: Register on NFTproX
The first step to using NFTproX is to register on the platform. Users can do this by visiting the NFTproX website and clicking the ‘Sign Up’ button. To create an account, user must provide basic information, like email address, password, etc.
Step 2: Deposit funds
To invest in NFT Collections, users must deposit funds into their NFTproX account. Users can do this by selecting the ‘Deposit’ option from the menu and choosing their preferred payment method. NFTproX accepts deposit methods in various cryptocurrencies.
Step 3: Choose an NFT Collection option
Users can choose an NFT Collection option that suits their investment goals. NFTproX offers a variety of options with different contract periods and ROI. Users can select the option that best fits their investment strategy and budget.
Step 4: Monitor investment
After selecting an NFT Collection option, user can monitor their investment by logging into their NFTproX account. The platform provides daily payouts, so earnings grow daily. User can also withdraw their balance at the end of the contract period or reinvest for even more profits.
Step 5: Withdraw balance
User can withdraw balance from their NFTproX account at the end of the contract period. Select the ‘Withdraw’ option from the menu, choose their preferred payment method, and enter the amount they wish to withdraw. NFTproX processes withdrawals quickly, and user will receive their funds within 30 minutes.
Overall, investing in NFT Collections on NFTproX is a straightforward process that anyone can do. Following these 5 steps, everyone can quickly earn daily profits from their investment.
FAQ’s
Users can deposit like any bank and automatically receive daily profits on their accounts. NFTproX offers a variety of price collection options, each with a unique return on investment and contract period.
NFTproX is a secure and trustworthy platform for NFT crowdfunding and investment. NFTproX takes several measures to ensure the safety and security of its users, including Email authentication, SSL encryption, audits, and compliance with regulations.
To use NFTproX’s affiliate program, users must register for an account on the platform. Once registered, users can access their affiliate dashboard and find their referral link. They can then share this link with their network, and every user who signs up through their link will earn a lifetime 5% incentive from their NFTproX payments.
Users can contact their website’s 24-hour online customer service or by emailing [email protected] The platform also has a social media presence on Twitter and Youtube, where users can connect with the community and ask questions.
Conclusion
In conclusion, NFTproX is a reliable and secure NFT crowdfunding platform that offers profitable investment options and an easy-to-use affiliate program. A user-friendly and easy-to-use interface and various pricing options allow investors to choose what works best for them. The platform’s daily payout system ensures that investors receive their profits promptly, and protecting principal and profit provides added security. NFTproX is a promising platform for creators and investors seeking to bring valuable ideas to life while earning profitable returns.
To learn more about NFTproX, visit its
Website: https://www.nftprox.com/
Twitter: https://twitter.com/NFTproX
Youtube: https://www.youtube.com/@NFTproX
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their research before taking any actions related to the company.
The image used in the article is been obtained from a third party and is used for informational purposes only. Coinpedia should not be held responsible for image copyright issues. Please contact us immediately if you have any issues or concerns. |
Which Cryptocurrency Gem To Invest in? Solana (SOL), Uwerx (WERX) or Tron (TRX)?
While the crypto news these days is peppered with the aftermath of the FTX collapse and what negative impacts it is creating, many are looking toward the future. Investors are trying to find the perfect cryptocurrency to invest in that can potentially turn profitable.
Amongst these, Solana (SOL), Uwerx, and Tron (TRX) show significant hidden prowess.
Solana (SOL) Can Rebound to Former Glory
One of the most practical-looking “Ethereum Killer” blockchain networks, Solana (SOL) was a hot topic in recent years. Faster, efficient, and extremely cheap to the point of almost having a negligible fee, it seemed like it would flip Ethereum soon. Once topping $250 per SOL and $2.62 billion being traded daily, Solana (SOL) quickly slipped as it was marred by technical issues and a connection with FTX.
Today, Solana (SOL) trades at a modest $25, however, the network still has merits, even agreed upon by none other than Vitalik Buterin, the founder of its main rival Ethereum.
In the coming months, Solana (SOL) can recapture a good market as it starts to overcome its issues. If it does, a lot of crypto experts are saying it can hit as much as $100 in 2023, even $200 if it pushes hard.
Even taking the modest $100 prediction, this is still a significant price jump of 525%, making Solana (SOL) a hidden gem.
Uwerx (WERX) Crypto Presale is a Hidden Gem
Uwerx could turn out to be the biggest potential gain in the market this year. Built to disrupt the freelancing market and take on the biggest platforms, Uwerx and its WERX token take the biggest problems in the freelancing market and offer novel solutions.
Upwork, the largest freelancing digital market, is routinely criticized for the extraordinary fee that it takes from freelancers’ earnings. With a flat 1% fee, Uwerx is one of the cheapest options that can take on Upwork and Fiverr combined. At the same time, the Uwerx development team also offers token value security through a third-party audit (InterFi Network and Solidproof) and a 25-year liquidity promise after the presale ends. Following this, the team has also decided to remove all transactional taxes, along with ownership – making Uwerx a truly decentralized project.
While a newcomer, Uwerx has easily made it into the top coins list of many crypto analysts. With a presale currently ongoing at $0.0065, analysts believe that Uwerx has the potential to hit $0.90 by the end of 2023. These experts believe Uwerx may cross $2.5 before Q1 2024 ends. That is almost a 25,000% increase!
Tron (TRX): From Content Sharing to Everything
Designed to be a content-sharing and earning platform, Tron (TRX) is a major blockchain network and cryptocurrency today. It boasts big projects under its vast umbrella of operations, even the file-sharing service BitTorrent.
Like all other cryptos, Tron (TRX) has slipped heavily compared to its ATH ($.22 with $2.44 billion traded daily). Today, Tron (TRX) is 77% down overall and resting around the $0.05 mark.
However, long-term partnerships, acquisitions, and strategic collaborations have many experts convinced it can gain anywhere between 200% to 280% in 2023 and settle around $0.15 to $0.19. This makes Tron (TRX) one of the few gems in 2023 that will rise.
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
Website: https://www.uwerx.network/
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their research before taking any actions related to the company.
The image used in the article is been obtained from a third party and is used for informational purposes only. Coinpedia should not be held responsible for image copyright issues. Please contact us immediately if you have any issues or concerns. |
Bitcoin Shines Amid U.S. Banking System Turmoil! Is This A Good Time To Invest?
Cryptocurrency markets, specifically Bitcoin (BTC), have shown remarkable resilience in the face of the recent upheaval within the U.S. banking system. A research report released by Coinbase on Friday reveals that Bitcoin has outperformed other digital assets since mid-February, with its dominance in the total crypto market cap increasing significantly.
Bitcoin Outperforms Peers in Turbulent Times
In the wake of the U.S. banking system turmoil, Bitcoin has managed to outpace its digital asset peers. During March, the cryptocurrency’s dominance as a percentage of the total crypto market cap grew to 47.7%, up from 43.9%. The report points out that the onset of the banking system’s upheaval coincided with this acceleration in Bitcoin’s outperformance.
Reasons for Bitcoin’s Resilience
One of the key reasons for Bitcoin’s strong performance, according to the Coinbase report, is the stress in the banking system reinforcing the cryptocurrency’s store-of-value properties. Since Bitcoin mainly exists outside of the traditional financial system, it offers a hedge against the prevailing conditions, making it an attractive option for investors.
Investor Worries Heighten
Bitcoin’s relative outperformance against other digital assets also stems from investor concerns about the regulatory status of other cryptocurrencies, as mentioned by analysts David Duong and Brian Cubellis.
Furthermore, the report highlights a significant drop in the correlation between Bitcoin and the S&P 500 stock index, which fell to 25% at the end of March, a stark contrast to the 70% peak in May of the previous year. This lower correlation indicates a growing detachment between cryptocurrency and traditional market movements.
The U.S. banking system’s troubles have shown Bitcoin’s strength and benefits, making it a reliable investment and protection against financial disruptions. With ongoing regulatory issues for other digital assets, Bitcoin’s strong performance is expected to continue.
Chinese Banks Seek To Invest In Crypto & Web3 Startups Amid Global Crisis
The cryptocurrency market has seen a surge in popularity amidst the ongoing global banking crisis and high inflation, leading banks in Mainland China to seek ways to invest in digital assets. Despite the ban on cryptocurrency trading and related businesses by the People’s Bank of China in 2021, Mainland China residents are finding unorthodox methods to access the Web3 industry and invest in the digital asset market.
Usage of VPN and Fake Proof-of-Residence
To access the Binance crypto trading platform, Mainland China residents are reportedly using VPN and fake proof-of-residence. This allows them to bypass China’s strict regulations and participate in the cryptocurrency market. Additionally, Bitcoin prices have gained nearly 70 per cent year-to-date while the traditional stock market is either lagging in negative gains or minimal volatility.
Hong Kong Arms of Chinese Banks Seek to Invest in Web3 Startups
According to a report by Bloomberg, Hong Kong arms of Bank of Communications Co., Bank of China Ltd., and Shanghai Pudong Development Bank have sought to invest in Web3 startups. The fall of three US regional banks has seen Asian investors migrate from American financial institutions to local firms.
The Hong Kong Monetary Authority (HKMA) has stated that it takes nearly three months for crypto-related businesses to open a corporate bank account in Hong Kong.
Crypto Adoption in Hong Kong To Surge
The entrance of the Chinese banking sector in Hong Kong could significantly bump crypto mainstream adoption in the region. This move could be a game-changer for the crypto industry in Hong Kong and beyond, as Chinese banks are known for their influence and investment power.
“It would be great if local banks could start some trial program to support crypto firms and more professional service providers that understand our native environment,” said Dominic Law, chief Metaverse officer of Neopets Metaverse, a game backed by Chinese firm NetDragon Websoft Holdings Ltd. “The business landscape would certainly be more welcoming and easier to support more startups to develop in this field.”
Top Altcoins to Invest Before the Beginning of the 2023 Bull Run
After hitting highs above $1.19 trillion, the global crypto market cap has now consolidated to $1.15 trillion as the markets are consolidating since the early trading hours. The Bitcoin price earlier had raised beyond $28,500, but the bulls who appear to have drained their strength failed to hold these levels.
As a result, the bearish influence is slowly outspreading among the other altcoins. However, despite the mounting bearish influence, some of the altcoins display huge potential to go long before the beginning of a strong bull run.
Solana (SOL)
Solana price has been trading within a bearish trend for quite a long time but is still believed to continue plunging until it reaches the edge of the consolidation. The price may undergo a rejection from the upper resistance and head toward the lower support. The RSI and the ADX both are bearish which may drag the price lower in the coming days. However, after marking the bottom, the price may rebound and rise high to reclaim the lost positions.
Litecoin (LTC)
Litecoin underwent a parabolic recovery and reached the neckline post to which the price slipped down to accomplish the cup and handle pattern. The price has sparked a rebound and may rise high to hit $100 initially. Further, a significant upswing has been recorded which could reverse the trend in the coming days.
Chainlink (LINK)
The Chainlink price is trading within a parallel channel, within predetermined resistance and support levels. The price has been trading within the average levels and recently made a notable upward price action.
The V-shape recovery is believed to induce the required momentum which may further lift the price close to the resistance of the channel. However, a bullish breakout may be mandatory as the volatility of the token is less when the strength required for a bullish breakout is accumulating as ADX is trying for a bullish divergence.
SEC Seeks Fresh Comments on ARK Invest & 21Shares Bitcoin ETF: Are Applications at Risk of Rejection?
In a recent move, the U.S. Securities and Exchange Commission (SEC) has widened the arena for stakeholder engagement on pivotal crypto matters. Today, the SEC has invited the public to provide “written data, views, and arguments” regarding the proposed spot bitcoin application put forward by ARK Invest and 21Shares.
SEC Diving Deep Into A Suite Of Bitcoin ETF Submissions
The U.S. Securities and Exchange Commission (SEC) has prolonged its assessment of the Ark 21Shares Bitcoin ETF proposal, while concurrently examining submissions from financial giants such as BlackRock and Fidelity.
Today, the Securities and Exchange Commission called for fresh written feedback regarding the spot bitcoin proposal put forth by ARK Invest and 21Shares, a move many had anticipated. Stakeholders are encouraged to provide “written data, views, and arguments” within the next 21 days. Earlier in the month, ARK’s CEO, Cathie Wood, had mentioned her anticipation of such a delay.
The regulatory body is presently assessing applications for a minimum of eight distinct funds. They recognized the recent influx from prominent asset managers like BlackRock, Fidelity, VanEck, and Invesco in the previous month. The ARK 21Shares Bitcoin ETF was at the first, while the public commentary phase for the other submissions has recently concluded.
Since 2021, Ark Investment Management and 21Shares have pursued ETF approval. After their second attempt was turned down by the SEC, they once again filed for a potential bitcoin ETF application earlier this year.
Historically, the SEC has dismissed spot bitcoin ETF proposals, citing concerns over potential market manipulation and insufficient safeguards for consumers against malicious activities.
SEC May Reject Applications
If an ETF receives approval, it would grant a wider segment of the general investment populace the ability to trade and retain the value of bitcoin without directly possessing the digital asset.
The potential of a spot fund sparked bullish rally, leading to a surge in bitcoin’s price, which soared roughly 20% following BlackRock’s submission. However, SEC Chair Gary Gensler has voiced apprehensions regarding deceit and malfeasance in the industry.
Prior to the SEC’s decision, Scott Farnin, the legal advisor at consumer advocacy group Better Markets, expressed in a statement that the regulator should outright decline the bitcoin ETF applications. He asserted that the surveillance-sharing arrangements presented in the proposals were “entirely insufficient.”
Farnin highlighted concerns about the spot bitcoin markets, pointing out their history of potentially manipulated trading volumes and a high concentration. He also mentioned the network’s reliance on a select group to maintain it.
Farnin believes these factors make a proposed spot bitcoin-based ETP highly susceptible to manipulation, posing significant risks to investors. He also expressed doubts about the proposed rule changes adequately addressing these vulnerabilities.
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