Cathie Wood, the visionary CEO of ARK Invest and a prominent advocate of Bitcoin, has re-affirmed her prediction that the price of BTC will reach $1 million by 2030. This forecast comes amidst Bitcoin’s sustained upward trend.
According to Wood, the Bitcoin network has remained unscathed, despite facing various challenges such as the bear market, the crypto winter, and the downfall of several prominent companies. The network has operated as designed – decentralized and transparent.
Wood believes that her forecast is actually modest, as the findings of ARK Invest’s Big Ideas 2023 report indicate that Bitcoin has the potential to reach even higher prices over the next seven years.
Bitcoin As A Solution For Wealth Preservation?
Cathie Wood believes that Bitcoin presents opportunities for wealth preservation for individuals of all financial backgrounds. She cites the global phenomenon of hyperinflation causing currency collapses and the need for a fallback, or insurance policy, such as Bitcoin.
She also believes that high-net-worth individuals will benefit from using Bitcoin as a hedge against the confiscation that can occur from inflation. If successful, this could result in the value of one Bitcoin reaching $1 million by the end of the decade.
The avid Bitcoin supporter highlights that the token has consistently outperformed other assets over the long term, making it the best-performing asset in any class. Its durability and stability make it a strong choice for wealth preservation.
In an interview with CNBC, Ark Invest CEO Cathie Wood restated her optimistic outlook for Bitcoin and the cryptocurrency market. She confirmed that her company still stands by its $500,000 target for Bitcoin. Wood claims that only centralized and opaque cryptocurrency firms, such as Celsius and FTX, lost money in 2021.
Wood believes that the idea of transparency and decentralization is gaining popularity after the FTX exchange’s collapse in November 2021. According to Wood, Bitcoin and Ethereum are the best examples of transparency and decentralization in the cryptocurrency world.
Wood has made bold predictions about the upward trend of Bitcoin. In a Bloomberg interview in May 2021, she predicted that Bitcoin would reach $500,000 by 2026 and later increased the prediction to $1 million by 2030 at the beginning of 2022.
ARK’s recent research on Bitcoin’s prospects described that it may grow into a multi-trillion-dollar market by the end of the decade. Even the most pessimistic scenario for Bitcoin predicts a price of $258,500 in the next seven years, an increase of 1,022% from its current value.
Despite a challenging year in 2022, ARK insisted that Bitcoin’s foundations are strong, citing institutional adoption, increasing hash rates, and long-term holder supply as evidence. The research states that the contagion caused by centralized counterparties has elevated Bitcoin’s value propositions of decentralization, auditability, and transparency. The company says that the Bitcoin network’s fundamentals have strengthened and its holder base has become more focused on long-term investments.
As the crypto markets gained some momentum, Bitcoin, Ethereum, and other Altcoins also surged, recovering from the losses incurred after the FTX collapse. BTC’s price surged above $23,000, while Ethereum headed towards $1700. Woefully, both failed to hold a tight grip over the rally that plunge below their respective levels.
In the meantime, traders after gaining significant profit appear to diversify their portfolio and hence gain interest in the small-cap altcoins. As per the data from Santiment, the investors are now moving out of the large-cap tokens like Cardano, Solana, etc, and investing in the other tokens within the top 200.
The platform lists a steep raise in the daily active addresses of the altcoins with a market cap below $300M like Chianbing (CBG), Morpheus Labs (MITX), Monetha (MTH), Polytrade (TRADE), PlusPad(PLSPAD), Ribbon Finance (RBN), etc and many more. The money has flown from the large caps like Cardano (ADA), Solana (SOL), Polkadot (DOT), etc which had made huge headlines in the first 3 weeks of January.
These altcoins are pretty small and hence the money flown from larger alts may draw a huge impact. Therefore, if the rotation on money continues, then these small-cap altcoins may witness a positive upswing in the coming days. On the contrary, these altcoins may also plunge hard if the traders wish to extract their profits.
However, new token exploration is always risky but is also equally important to distribute the dominance within the markets.
BudBlockz (BLUNT) is one of the rare gems in the cryptocurrency sector. Backed by a real utility in its bid to address real-world problems, the project has what it takes to become one of the most prominent utility tokens. Nevertheless, what is unique about this project makes it an ideal play for anyone seeking exposure in the growing sector.
For the longest time, people have been looking for ways to access high-quality cannabis products to no avail. BudBlockz was looking to address this issue by leveraging blockchain technology. Its primary goal is to offer an innovative ecosystem that unites the cannabis industry while providing an opportunity to purchase, sell and invest in an array of products worldwide.
Consequently, it has unveiled a decentralized platform to open up the multi-billion cannabis sector. The platform paves the way for BudBlockz to flex its muscles in a market poised to be worth more than $200 billion by 2030. The platform is built on a decentralized technology to secure the marketplace, protect personal data and provide a transparent market built on trust.
BudBlockz e-commerce Platform
The decentralized e-commerce platform is to provide an easy way to navigate the cannabis market. It should provide an easy way for people to buy and sell high-quality cannabis products for recreational and medicinal purposes securely and transparently.
The platform also addresses all the issues marijuana corporations and entrepreneurs face with seed-to-sale tracking, logistics, and data management. The platform also makes it easy for people to access a wider variety of products powered by the network’s native token, BLUNT. Ensuring transparent and efficient transactions will be the platform’s ultimate goal.
BudBlockz Non-Fungible Token Spree
BudBlockz is also leveraging non-fungible token technology (NFT) to verify eligible community members and grant licenses to people participating in the ecosystem. In addition, the project is leveraging NFT technology to enhance the digitization of real-world products into the ecosystem. The technology should also enhance data security in the ecosystem while enabling the project to perform globally and also open the cannabis trade globally.
Ganja Guruz is the network’s native NFT, which is key to becoming a verified member. Holding the NFTs will grant the holders the opportunity to own fractional stakes in cannabis dispensaries and farms. The 10,000-strong collection will be released on the OpenSea platform to enhance access and purchase. In addition, the tokens will entitle holders to discount codes on cannabis products on sale in various stores. It will also entitle holders to membership in different BudBlockz dispensaries worldwide.
Decentralized Finance Prospects
Another reason to be bullish about BudBlockz’s prospects is the fact that it is delving into the world of decentralized finance. BudSwap is the ecosystem’s DeFi platform that will facilitate peer-to-peer exchanges among users in the network. With the help of BLUNT tokens, people can send and receive cryptocurrencies.
The DeFi platform is to be integrated with BudBlockz wallet to make it easy for users to convert their assets to buy products. The platform also offers staking capabilities allowing people to lock their BLUNT tokens to enhance liquidity in the marketplace. In return, the token holders are entitled to some income from fees generated in the network.
BudBlockz is staying strong in its push to pursue various avenues for growth. Consequently, it has unveiled BudBlockz Arcade, the first-of-its-kind crypto cannabis-themed gaming platform. The platform consists of an array of retro games that people can play. Winners are to be airdropped their BLUNT rewards to their connected wallet.
While the cryptocurrency market has been in its winter phase, BudBlockz provides exciting investment opportunities. Its push to address real-world problems in the cannabis industry positions it for tremendous growth amid the worldwide opening up of the marketplace. Additionally, it boasts immense utility around Non-fungible tokens, decentralized finance, and play-to-earn through BudBlockz Arcade.
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All cryptocurrency traders seek new and exciting projects that will bring them a large amount of profit in the long run. Today we will be discussing three cryptocurrencies: Cardano (ADA), Orbeon Protocol (ORBN), and the FTX Token (FTT). Let’s see how these prominent coins, with Orbeon Protocol (ORBN) up 805% in stage 3 of its presale right now, will fare in 2023.
Orbeon Protocol (ORBN)
Anyone may now put a small amount of money into some of the most intriguing early developmental companies thanks to the revolutionary fundraising and venture capital platform known as Orbeon Protocol.
By allowing startups to fundraise by minting equity-backed, fractionalized NFTs, investors can access the venture capital industry with as little as $1.
Investors can exchange through different blockchains on the Orbeon Protocol thanks to the multi-chain capabilities, which will also save expenses. Furthermore, the Orbeon ecosystem will also encompass numerous benefits, all fueled by the ORBN token. ORBN holders will receive benefits ranging from staking bonuses to governance rights and more.
Due to its use case, demand for the token has been skyrocketing, and its price reflects that. It currently is worth only $0.0362, but many crypto experts predict a price hike to $0.24 by August 2023.
Cardano (ADA) is an accessible system that employs layered architecture to deliver many services. Validators hold Cardano (ADA) to partake in network security and utilize it to cover financing costs. Investors of the Cardano (ADA) will be able to cast votes on improvements and modifications to the network.
In 2021, Cardano (ADA) reached its peak of $3.10. Unfortunately, the bear market was tough on the Cardano (ADA) coin. It lost nearly 92% of its all-time high price and is currently trading at $0.2467. Even the trading volume of Cardano (ADA) has dropped by 25% in the past 24 hours. In the end, Cardano (ADA) has slipped and does not appear to be poised for a comeback anytime soon.
FTX Token (FTT)
The FTX Token (FTT) is the native token of the bankrupt FTX exchange. The many SRM airdrops of currency might also be advantageous for FTX Token (FTT) holders. But, after the collapse of FTX, the FTX Token (FTT) price has dropped drastically.
On Nov. 5, 2022, FTX Token (FTT) was valued at $25.78 per coin. After FTX collapsed on Nov. 14, 2022, it was valued at about $1.59 per unit. The FTX Token (FTT) is now trading at $0.8457, down 11% from the week before. Furthermore, the volume of FTX Token (FTT) sales decreased by 10% in the past 24 hours. The FTX Token (FTT) is predicted to stagnate at this price and may not reach its peak of $84.18 ever again.
Find Out More About The Orbeon Protocol Presale
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Being down over 90% but having its own distributed ledger technology known as Hashgraph, Hedera (HBAR) could be one of the best crypto investments for 2023. Additionally, we have Binance’s BNB, which could sore now that its main competitor FTX has been declared bankrupt. Last but not least, Orbeon Protocol (ORBN), which skyrocketed over 805% in December, is likely to surge over 6,000% according to analysts and belongs in every savvy crypto investor’s long-term portfolio.
Hedera (HBAR) – The Only Crypto With its Own Distributed Ledger Technology
According to experts, Hedera (HBAR) is the most sustainable, enterprise-grade public network for decentralized finance (DeFi) that allows both individuals and institutions to create decentralized applications (DApps).
Whilst other cryptocurrency projects use consensus mechanisms such as proof-of-work and proof-of-stake to validate transactions, Hedera Hashgraph (HBAR) uses a PoS model combined with distributed ledger technology (DLT). This allows for faster transactions and a higher amount of transactions per second on the Hedera network. Apart from that, Hedera has built-in KYC and AML checks.
Now trading at a ‘’discount’’ of over 90% from its all-time high at $0.036, Hedera (HBAR) can be a great long-term investment for those who believe in advanced cryptographic technology.
Hedera (HBAR) has seen some significant attention due to its revolutionary new technology, and as such Hedera (HBAR) could be a strong opportunity for the future.
Binance Coin (BNB) Now Has More Unique Addresses Than Ethereum
Per a recent report published on the 22nd of December, the number of unique addresses on the BNB Chain has surpassed Ethereum. This would indicate that the BNB Chain is officially the largest layer 1 blockchain globally, and this has had resounding effects on BNB.
Etherscan shows us that Ethereum has over 217 million unique addresses, while BNB Chain has 233 million. This surge in BNB has most likely to do with the collapse of FTX, which caused many digital asset investors to move their funds towards competitor Binance.
Binance Coin (BNB) hasn’t seen much price action following the publication but may pick up as early as Q1 2023 as confidence in the cryptocurrency markets restores.
As of writing, Binance Coin (BNB) is trading at $244.29, down almost 60% from its all-time high of $661.45, and could be a bargain to add to your cryptocurrency portfolio.
Orbeon Protocol (ORBN) Skyrocketed 805% in December Whilst All Other Cryptocurrencies Have Suffered
Orbeon Protocol (ORBN) has drawn the attention of many cryptocurrency investors lately as it was one of the best-performing digital assets of December 2022. Whilst the majority of other cryptocurrencies declined in value, Orbeon Protocol (ORBN) managed to skyrocket by as much as 805% during the first two stages of its pre-sale.
If we take a close look at Orbeon Protocol (ORBN), it is no wonder why this project is surging right now. Orbeon Protocol (ORBN) aims to disrupt the crowdfunding and venture capital industries as we know them through the use of fractionalized NFTs as a form of investment, backed by equity.
This way, retail investors can enjoy the benefits of early seed and venture capital investing without having to meet all sorts of strict requirements. For the start-ups involved, Orbeon Protocol (ORBN) significantly reduces the costs of fundraising, and it allows the companies to be in direct contact with its backers.
Notably, ORBN holders are eligible for governance rights on the platform, along with other benefits like transaction fee discounts and governance rights. ORBN has already surged to $0.362 in presale and experts predict it could go as high as $0.24.
Find Out More About The Orbeon Protocol Presale
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The scandalous collapses of FTX, Alameda Research, and BlockFi triggered an avalanche in the crypto market as investors ditched their holdings and obliterated prices across the industry. Solana (SOL) and Avalanche (AVAX), both top 50 mainstays, were some of the coins caught up in the market rout.
Fortunately, the crypto industry is full of surprises, including finding profitable opportunities in high-potential presale tokens like Flasko, which is just in its second presale phase and about to go on a massive run.
Avalanche (AVAX) Continues Protracted Struggles
Avalanche (AVAX) is one of the prominent layer 1 smart contract platforms that took off in 2020, along with Solana (SOL). And just like Solana (SOL), Avalanche (AVAX) memorably hit all-time high of $146 last November 2021 but, like most cryptocurrencies, lost a massive chunk out of its market capitalization in the wake of 2022’s events.
Avalanche (AVAX) is trading under $12 right now, well below 91% of its ATH levels. Worse, Avalanche (AVAX) is expected to continue its struggles well into the new year as development activity slows down to a trickle.
Solana (SOL) Faces Drawn-Out FTX Fallout
The FTX implosion and its fallout have turned the crypto industry upside down, as well as massive grief for Solana (SOL) token holders. Solana (SOL) has found itself in the middle of the controversy as token prices took a massive dump in the wake of the FTX collapse and the Solana (SOL) token’s close association with disgraced former FTX CEO Sam Bankman-Fried, whose fallen crypto exchange held almost 11% of Solana (SOL) token supply.
It didn’t help that Solana (SOL) counted Bankman-Fried as a major investor and prominent figure associated with the blockchain protocol. Solana (SOL) faces an uphill battle to regain value in the eyes of crypto investors, who opt for better investments to buy into.
Flasko (FLSK) Continues To Turn Heads as Presale Draws to a Close
Flasko is attracting investment from the crypto community and beyond as its Phase Two Presale draws to a close, with over 10,000 individuals expressing their intention to participate and take advantage of Flasko’s presale discount token prices of $0.111.
Flasko intends to democratize alternative asset investment in the volatile crypto space by enabling users to invest in the lucrative rare wines, whiskeys, and champagnes asset class, which has delivered greater returns than traditional financial products and commodities the past several decades.
Flasko does this by allowing users to purchase and trade NFTs that represent and are backed by Flasko’s wide selection of world-class wines and whiskeys to benefit from their steady appreciation in quality and value. Flasko gives investors a true hedge against inflation that is not linked to the ebbs and flows of financial markets.
Consequently, crypto analysts have lauded Flasko’s unique value proposition. Many have singled Flasko out for its potential to do a 50x increase in 2023, expecting Flasko tokens to increase to $5 by then.
Flasko has also secured its long-term viability by passing an audit by none other than Solid Proof. Moreover, Flasko has frozen team tokens for three years while locking platform liquidity for 33 years. There’s no better time to invest in Flasko than before it lists on Uniswap and other major exchanges.
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What is Ethereum ETH
Ethereum ETH is one of the top digital assets in the world. It is a decentralized open-source blockchain platform that allows developers to build and deploy decentralized applications (dApps). Ethereum uses its native cryptocurrency, Ether (ETH) as a form of payment or “gas” for transactions and services on the network. It is also used to buy things such as NFTs, these NFTs can be found on the web, the most popular ones are Kongz and Mutant Ape Yacht Club.
How are NFTs related to Ethereum ETH
NFTs were first bought using ETH on the Ethereum blockchain. NFTs are digital assets that represent a unique item, whether it’s art, music or even videos. This means that an asset can be transferred from one person to another without any need for third-party verification.
This security feature inherent to NFTs make them more than just pictures as eventually people will realize that it is security and transparency of a non-fungible object that is the most important feature of an NFT since people can easily verify it.
There is no faking an NFT because the ownership of an NFT is registered on the blockchain and can be verified by anyone. This makes it a great medium for people to buy and sell digital assets with the assurance that their investment will remain secure.
Is Ethereum ETH a good investment in 2022
Yes, Ethereum ETH is a good investment in 2022. The value of ETH has gone up significantly since it launched on the market and continues to show strong performance as more people become aware of its potential for growth. With the rise of decentralized finance (DeFi) projects on the Ethereum blockchain, ETH will likely continue to be an attractive asset for both old and new investors.
Apart from Ethereum, there are other tokens worth taking a look at with unique use-cases. For example, Bitcoin might not be the only cryptocurrency and one can even say that Bitcoin has no other feature but being a currency. That being said, Bitcoin BTC is a very robust token and will forever be remembered as the first cryptocurrency by the world.
Cryptocurrencies apart from Bitcoin are called altcoins and they are also worth taking a look at especially if they have actual use and not just for trading like DOGE coin.
What is an altcoin
An altcoin is a cryptocurrency alternative to Bitcoin. It may offer lower transaction fees, faster speeds or enhanced privacy features compared to Bitcoin. Altcoins are also used as a form of investment and trading just like any other asset.
Despite the market, there are only a couple of altcoins here and there that are worth taking a look at. One of them is Ethereum ETH, another is Binance BNB, and finally there is Toon Finance TFT.
Binance BNB and Toon Finance Token TFT
Binance is similar to Toon Finance where it has its own exchange. Binance is currently one of the most popular centralized exchange in the world. While CEXs aren’t really secure especialy when people use them as wallets instead of what they were really supposed to be, as exchanges.
Toon Finance Token on the other hand made Toon Swap which is a DEX or decentralized exchange. It is built on the Ethereum network, users can use ToonSwap to convert almost any type of cryptocurrency into another. This DEX is far more secure than CEXs and they don’t even require KYC at all.
Between a centralized exchange and a decentralized exchange, always go for the decentralized exchange like Toon Swap because it is far more secure and you don’t need to provide any personal information.
It is not just more secure when it comes to privacy, it is also more secure as plays a non-custodian role, meaning that you will always be in control of your funds instead of relying on a third-party custodian. This makes Toon Swap one of top ways to trade securely, privately, and safely.
Why are people investing in Toon Finance Token TFT at the cost of their Ethereum ETH
People are investing in Toon Finance Token (TFT) at the cost of their Ethereum ETH because TFT has a lot of potential. Ethereum is flexible and allows multiple DApps to exist but investors are looking at one thing, the one thing that’s most important when making an investment decision, they want to know if they can make money.
ETH Ethereum users choose Toon Finance Tokens TFT over Ethereum
As of this moment, you can only trade Toon Finance Token TFT with Ethereum ETh, but despite this, people are still choosing to buy Toon Finance Tokens.
This is because of the Toon Swap DEX, which makes it easier and more secure to trade with other cryptocurrencies.
It also has multiple features like Space Farming that allows investors to earn while doing nothing in a process called staking or liquidity mining and it also has Space Battle Grounds where players and spectators alike can compete against each other and bet on their favorite players.
Apart from this, Toon Finance’s Toon Swap also has other features on the works making it an irresistible investment. Most importantly, Toon Finance is new which means it hasn’t gone through its x1000 phase yet.
So investors are letting their Ethereum ETH in order to get in on the action before it moons.
Is Toon Finance Token TFT a good investment?
Toon Finance Token TFT is a great investment. It gives you the ability to trade between multiple cryptocurrencies securely and privately, it has additional features and products such as Toon Swap, Space Farming, Space Battle Grounds and others that will be announced in the future.
Toon Finance Tokens have a large use-case as it will be used in Toon Swap, Toon Finance’s own decentralized exchange while there will also be betting making it an automatic moon according to our analysis.
How is Toon Finance compared to other tokens?
Toon Finance is unique because it combines several aspects of cryptocurrency such as security, privacy and ease of use. Ethereum is also secure but it lacks the features that Toon Finance provides, apart from this, Ethereum wil be x10 at most about 5 years from now while TFT Toon Finance will be x1000 or more depending on when you invest.
This is why Ethereum ETH users are flocking to Toon Finance TFT, because the chances of x1000 down the road is still available while that will be impossible with Ethereum ETH.
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The next bull wave in 2023 will usher investors into a new world of possibilities and unprecedented profits. Market analysts believe it is beneficial to invest in crypto projects that deliver amazing utilities. Crypto projects such as Oryen, Aptos, and Quant set the foundation for the next phase of the cryptocurrency journey with Oryen actively taking the lead.
Oryen (ORY) – A top-tier decentralized protocol
Oryen offers a sophisticated auto-staking and auto-compounding platform that hosts quite a set of features that actively work together to deliver an ecosystem that generates value and benefits. In the DeFi space, Oryen is focused on delivering sustainable, continuous, and predictable yields, which is an important aspect of every profit-generating investment.
To make all this possible, Oryen through its native token (ORY) allows a fixed APY of 90% based on months of extensive research into optimal returns ratio. Oryen makes it possible to achieve passive income that is ever-yielding.
Oryen’s autostaking feature – OAT is an automated staking protocol that operates as such: By allowing holders to keep their ORY tokens in their wallets rather than staking via a contact, Oryen helps to reduce risks for investments in the protocol without compromising on the fascinating returns on their holdings. According to Business2Community, Oryen is one of the newest cryptocurrencies to invest in 2022.
The annual percentage yield of 90% is generated with the aid of an algorithm that incorporates certain factors to make rebase reward calculations and the underlying price of ORY long-lasting. Ultimately, the end result is a guaranteed staking system that rewards ORY holders without any hassle.
Aptos is a blockchain platform that operates on a layer-one blockchain model. The blockchain offers scalable and upgradeable web3 infrastructures that aid the development of widely-used applications. Aptos uses a proof-of-stake consensus and its native token is APT. The APT token serves as a utility token that can be used for exchange purposes among traders as well as to pay for in-platform services on Aptos.
Quant is a blockchain-based platform that offers interoperable ecosystems to provide real-world solutions. Its native token, QNT, is built on the Ethereum blockchain which powers Quant’s ecosystem of enterprise software applications. Quant also enables an ecosystem for the development of applications that can operate via multiple blockchains at once. QNT is also an ERC-20 token and it is used to grant access to a particular service or application on Quant’s platform.
When it comes to the undisputable display of utility that brings real value to decentralized finance, Oryen reestablishes the fact that wealth generation can be achieved in a self-sustainable manner.
Making the right choice, getting in at the appropriate time, and buying small amounts of capital in cryptocurrencies can make an investor rich in the cryptocurrency market. But it is easier said than done as there are risks involved.
For this, investors must consider their options before making an investment choice. Analysts have analyzed the top three altcoins investors can invest in for 2023. They are Sparklo, Big Eyes Coin (BIG), and Arweave (AR).
Big Eyes Coin (BIG) Is Predicted To Rise Above A Dollar
Analyst predicts that the Big Eyes Coin (BIG) could be the first meme coin to get to $1. They believe that with the hype of the coin, the value will surge and create a stronger community than the Dogecoin community. But this is based on whether Big Eyes Coin (BIG) can keep its high adoption and prominence.
Big Eyes Coin (BIG) will benefit users from NFTs and DeFi while ensuring the evolution of the meme space. Data from CoinGecko shows that Big Eyes Coin (BIG) currently trades at $0.00295153. At its peak, the Big Eyes coin (BIG) was worth $0.070951.
Analysts predict that since Big Eyes Coin (BIG) has superb features, it will entice investors and top market players who believe that Big Eyes Coin (BIG) will deliver what other successful meme coins lack. Big Eyes Coin (BIG) is still on its presale and is expected to rise as time passes.
Arweave (AR) Price On A Steady Decline Trend
As of today, November 12th, 2022, Arweave (AR) token is priced at $9.04, and data from charts shows that Arweave (AR) token has been on a downtrend since its inception. The previous day’s data showed that Arweave (AR) token declined by 11.39%, and comparing it with its market cap shows a price decline.
Over the past months, Arweave (AR) token price declined by -0.13%; even over the last 90 days, Arweave’s (AR) price reduced by 37.91%. Though some might see this as an opportunity to buy the dip, analysts indicate that the decline might continue because there is yet to be a solid fundamental showing an uptrend.
Sparklo (SPRK) Is Likely To Be The Top Investment For 2023
Sparklo, recently created an alternative investment platform that will allow users and investors to invest in fractionalized and minted NFTs. These NFTs are tied to the real-world assets of gold, silver, and platinum. A complete purchase of an NFT would result in the asset being delivered to the location of choice of the investors.
Additionally, Sparklo would collaborate with jewelry stores to ensure that investors get first access to their assets and also be able to enjoy discounts. Currently, Sparklo is in its presale first round, and it goes for a price of $0.013. However, analysts predict that this price could pump in the coming months.
Also, to ensure that Sparklo is risk-free, its developers conducted an audit from Interfi Network. They also confirmed that they would lock the project’s liquidity for 100 years while the team’s token would be locked for 1,000 days.
Analysts further predict that Sparklo has the potential to be a future blue-chip cryptocurrency and like every experienced investor knows, investing early in a project is where investors can make massive gains. This is why we recommend checking out Sparklo.
Sam Bankman-Fried, the former CEO of now-bankrupt FTX has always dodged the question of why FTX used investor money to support Alameda. However, SBF chose to ignore the question and instead said that he made the decision to stay out of Alameda’s trading and risk management and hence was unaware of the company’s dire situation.
The information in a recent report by Financial Times might shed light on what might have happened to the funds and where all the missing money went, a question that SBF avoided answering time and time again in interviews.
The distributed group of about 500 illiquid investments is held by ten holding organizations. Furthermore, the data show that the total investment value exceeds $5.4 billion. Alameda Research has made investments in Elon Musk’s SpaceX and Boring Company, as well as companies like Sequoia Capital and Anthony Scaramucci’s SkyBridge Capital. Genesis, a cryptocurrency miner, and Anthropic, a company that conducts artificial intelligence research, both received investments from Alameda Research’s private equity portfolio.
The Excel spreadsheet from early November, when SBF was looking for rescue funding due to a run on FTX customer deposits.
The majority of Alameda’s remaining investments are in crypto and DeFi projects. A fertility clinic, a manufacturer of military drones, a vertical farming company, various start-up video game studios, betting platforms, online banks, publishers, and more are all on the list.
In 2019, SBF founded FTX and gave Ellison and Trabucco control of Alameda. They created a quantitative trading company that generated $3–4 million per day, earning them a spot on Forbes’ list of the “30 under 30”.
These funds were used to purchase blockchain platforms. However, after a leveraged trade on the now-bankrupt cryptocurrency exchange went wrong at the beginning of last year, Alameda Research took the brunt of a $1 billion loss incurred by its affiliated company FTX.
It is often wondered why individuals even bother to spend their money in meme coins. Some people participate just for the sake of the publicity, while others do so because they believe it will allow them to make a profit during a pump. Because so few people believe that these kinds of tokens may truly add usefulness to the cryptocurrency market, very few of them do it.
Some meme coins, like as Tora Inu (TORA), do just that – they offer fresh ideas to an area that is already quite congested. Because of the functionality that it provides, it is proving to be one of the finest ways to get started in the meme coin. The vast majority of meme coins are little more than joke coins, however TORA is far more than that.
Meme coins are unique forms of assets. They are, in all actuality, driven only by hype and function as a kind of word-of-mouth campaign that goes off the rails once it reaches a critical mass. Then, investors pour in with the expectation that they would be able to ride the hype train, or sometimes merely with the intention of making a fast money.
Meme coins, which are essentially merely replicas of previous cryptocurrencies, are losing investors’ interest. Because in addition to being a meme currency, Tora Inu (TORA) also functions as a utility coin, this project has a lot of interesting potential. It is precisely because of this functionality that it has established itself as the forerunner of the subsequent generation of meme currencies.
TORA is a Meme Coin Worth Keeping an Eye on.
There aren’t really many meme coins that are really doing anything interesting right now. There are no meme currencies that are doing what Tora Inu is doing. Neither is there anybody else. The project has all of the characteristics of a typical meme currency in addition to offering a great deal of functionality, which justifies the need for any lover of cryptocurrencies to keep a watch on it.
The user may get benefit in a variety of different ways by participating in this project. The fact that it has a one-of-a-kind token burn and redistribution mechanism is the most crucial aspect of it. In the Tora Inu network, burning causes a redistribution of rewards and a reduction in supply. As a direct result of this, the value of the TORA token will grow. The value increases in proportion to the number of transactions that take place.
In addition, there will be non-fantasy tradeable items, a pay-to-win game, and a metaverse in Tora Inu. Players may earn TORA and NFTs by pitting their pets, which are represented in-game by NFTs, against those of other players. You may gain levels in the NFTS, or you can sell it on one of the markets.
Because of this, new initiatives like Tora Inu (TORA) are shaking up the industry by providing a wide variety of functions that differentiate it from other meme currencies. For instance, the project includes a “Play-to-Earn” game in which users may pit their pets against those of other players in order to compete for prizes in the form of TORA. The metaverse is scheduled to be published in the near future, at which time users will be able to own land.
The road plan for Tora Inu’s immediate future also seems to have some intriguing developments. At this time, the group is making preparations to conduct a review of the network’s security. In addition, we place a high priority on conducting large marketing campaigns and listing our products on centralized exchanges. In the second quarter of 2023, the first NFTs will be distributed.
The TORA presale is now active, and it employs a process called an incremental price increase, in which the price of TORA rises incrementally when additional presale stages are introduced. A private sale has not yet taken place, and the beta sale won’t start until phase 3 has been completed.
What Sets the Tora Inu Apart from Other Dogs?
After all, it’s named after a dog, and those are the kinds of things that are usually popular in the crypto market. At first look, Tora Inu could seem to be just like any other meme currency. However, Tora Inu adds a new spin to the meme currency area, which has been overdue for a makeover for a very long time.
Tora Inu is distinguished from other cryptocurrencies by its tokenomics, which include a burn mechanism that redistributes rewards. This causes a decrease in supply while simultaneously driving up demand for the cryptocurrency. As more transactions take place on the network, it is anticipated that the value of the token will rise to reflect the increased demand for it. Those who do nothing more than keep a TORA token in their wallet would, of course, see the same price growth as everyone else.
However, there are many additional advantages that prove that Tora Inu is dedicated to providing its community with an experience that is unlike any other. The project is going to create a pay-to-play game that gives gamers incentives, and this game will include NFTs. It is possible for players to engage in combat with one another or the environment with their NFTs, which may gain levels.
Tora Inu has further ideas in the works for the future, including the creation of a metaverse that will allow gamers to communicate with one another. Players will have the ability to buy land, much as they can in a lot of other metaverses.
Cryptocurrencies have had a particularly rough year, with the market for digital assets losing more than $1 trillion in value since the beginning of 2022. And with the Federal Reserve aggressively raising interest rates to combat inflation, investors aren’t as excited about owning highly volatile cryptocoins as they were in 2021. The weakening economy has instead prompted a shift to safer financial assets.
However, with prices for digital assets falling so much in 2022, investors can accumulate their favorite coins at lower prices. Snowfall Protocol (SNW), Solana (SOL), and Ripple (XRP) are particularly attractive at the moment.
Solana (SOL) Is Still A Long-Term Buy Despite Recent Setbacks
After falling below $20, investors advise that this is the best time to accumulate cheap SOL. Solana offers the chance to upend the lucrative payments sector. Its two advantages over rival Ethereum—rapid performance and low fixed costs—are based on a unique mechanism known as proof of history. For technology nerds, Proof of History (PoH) mechanism does away with the need for timestamps in the blockchain’s block data, freeing up storage space and boosting throughput. The Solana network can process over 50,000 transactions per second (TPS), far exceeding Bitcoin’s three TPS and Ethereum’s thirteen TPS. As a result, developers and financial institutions have dubbed the token the “Visa of the crypto world.”
Because of its close ties to FTX and Alameda Research, Solana became one of the worst-hit tokens during the FTX saga. One month before the FX debacle, the token traded between $28 and $37. However, its price has dropped dramatically in the last two weeks, falling to as low as $11. At the time of press, SOL trades at $14.11. The end-of-year market forecast remains pessimistic, but once the FTX-rot wears off, investors will be glad they bought Solana (SOL) for less than $20.
Amicus Curiae Filings from Industry Giants Reinstate XRP Confidence
While the broader crypto market continues in a free fall, Ripple’s XRP has shown the potential of a rally as investor sentiment turned positive due to growing support for Ripple in its lawsuit against the SEC. In 2020, the SEC sued Ripple for illegally selling securities, in this case, XRP tokens. As a result, XRP was delisted from exchanges across the industry, dragging the token into the mud. During the 2021 bull market, XRP traded far below its all-time high in 2018, while other tokens shattered this level.
But recently, the crypto community has voiced strong opposition to the SEC’s enforcement-based approach to regulating the industry. Several industry players, including Coinbase and other crypto proponents, have filed briefs asking the court to include them as “friends of the court” in the ongoing case. As a result, XRP traders’ confidence has increased, and the altcoin is set for a long rally.
Investors Are Swarming to Snowfall Protocol (SNW) After Printing A 500% Price Rally
Recently, Snowfall Protocol (SNW) has steadily increased its market dominance. The multi-chain-focused platform has become a favorite among investors, particularly following the most recent 500% price increase last week. The upsurge resulted from an influx of deposits that rocked the protocol in the second stage of the presale, after closing a successful first stage.
A total of 95 million SNW tokens were sold during the first stage. A further 100 million in the second stage are nearly sold out (90% finished). Another 100% price increase is anticipated when the token enters the third stage, where another 100 million tokens will be sold. Additionally, according to market indicators, first-stage investors will see returns of up to 1500%, and second-stage investors will see returns of over 1000% at launch. As new investors keep pouring into the presale, SNW is currently trading at $0.045 and is expected to reach $0.06 on November 25.
Snowfall Protocol (SNW) takes pride in being the first cross-chain transfer ecosystem to support both fungible and non-fungible tokens, as well as the most efficient NFT cross-chain bridge. Their dApp enables users to swap assets between EVM and non-EVM compatible chains, allowing them to participate in their favorite projects more seamlessly. This is way Snowfall protocol is one of the best new project out now more then Solana (SOL), and Ripple (XRP).
Click on the links below for further information about Snowfall Protocol (SNW)
With money to invest, especially a large amount such as $50,000, it’s crucial that anyone considering their options gets as much information as they can about it. There is no room for error when you have money to invest because the entire point is to make more money, and although the markets can never truly be predicted, choosing something bad from the start due to a lack of good research will only make things harder. With that in mind, here are some options to consider if you have $50,000 to invest.
Toon Finance is the number one presale ICO option at the moment with plenty of other crypto investments that have already launched as well. Presales are such a hot commodity at the moment bringing investors up to millions and some even see billions of dollars in returns.
The Basics of an ICO Presale
Blog Introduction: An ICO presale is the process by which a cryptocurrency project raises funds before their public token sale. In general, there are two types of presales: private and public. Private presales are typically restricted to large investors, while public presales are open to anyone who wants to contribute.
The process for an ICO presale is generally as follows:
- A project announces that they will be holding a presale and releases information about the token sale, including the amount of money they are hoping to raise, the price per token, and the date of the sale.
- Interested investors express their interest in participating in the sale and are given a chance to contribute.
- Once the contributions have been collected, the project team allocates the tokens to the buyers based on the amount they contributed and sends them to the buyers’ wallets.
- The tokens are distributed on a first-come-first-serve basis, so it’s important for interested investors to act quickly if they want to participate in a particular sale.
- After the distribution of tokens is complete, the project holds their public token sale and raises additional funds from a wider pool of investors.
Why Participate in a Presale?
There are several reasons why you might want to participate in an ICO presale:
- You can get tokens at a cheaper price than you would during the public sale. This is because projects often offer bonuses or discounts to early contributors as an incentive to participate in the sale.
- You can get access to exclusive benefits that aren’t available to everyone else. For example, some projects set aside a certain number of tokens for their early contributors that can’t be bought during the public sale.
- You can help support a project you believe in from its earliest stages and play a role in its development.
Drawbacks of Participating in a Presale
Before you decide to participate in an ICO presale, there are a few things you should keep in mind:
- There’s always a risk that the project won’t succeed and you could lose your investment entirely. Of course, this is true of any investment, but it’s something to keep in mind before you commit any money.
- You may have to wait longer for your tokens than if you had waited for the public sale. This is because projects generally release tokens slowly over time so that they don’t flood the market all at once and cause the price of the token to drop sharply.
- There may be restrictions on how and when you can sell your tokens after you receive them . For example, some projects impose a “lockup period” during which contributors are not allowed to sell their tokens . This is designed to prevent investors from selling all their tokens immediately after receiving them and driving down the price .
An ICO presale is an opportunity for interested investors to get involved with a cryptocurrency project at an earlier stage and potentially receive bonuses or discounts on the price per token . However , it’s important to keep in mind that there are risks involved with any investment , and participating in an ICO presale is no exception . Before you decide whether or not to participate in a particular presale , make sure you do your research and understand all of the potential risks and rewards .
Even though it was created as a joke back in 2013, Dogecoin has quickly risen to the ranks of the most popular cryptocurrencies. Since billionaire Elon Musk is a vocal supporter, its community and brand recognition have skyrocketed.
You may be asking if you should put money into this cryptocurrency now, given its meteoric growth in popularity. Traditional investors tend to view cryptocurrencies as high-risk investments. Also, while it’s true that some cryptocurrencies are stable, the vast majority of coins are extremely volatile, especially new coins or ones with no ‘real’ value. One such coin is Dogecoin.
Despite having been around about as long as Bitcoin, Dogecoin’s market value is fairly small outside of the forces generated by the Dogecoin community. Therefore, investment in Dogecoin is seen as dangerous by many.
Ethereum’s popularity has skyrocketed since it was released in 2015, and some estimate its value might increase by as much as 400 percent by 2022. Why is Ethereum so well-liked, and what are its benefits in comparison to other blockchains and cryptocurrencies like Bitcoin, the market leader?
There are actually a number of reasons why Ethereum might be a good investment option for your $50,000 – or at least part of it. To begin with, the risk of inflation affecting the value of your cryptocurrency is lower with Ethereum because the cryptocurrency was designed with a solution in mind from the start.
Another key draw of Ethereum is that it is one of the most liquid cryptocurrencies, making its trading rapid and simple.
And although some might argue that the fact that Ethereum’s market is so volatile is a negative, it may be viewed as a net benefit if it means that astute investors can capitalize on recurring patterns.
Bitcoin is both the first and most widely used digital currency, so investors often feel ‘safe’ with the idea of investing in this. It is a digital currency backed by a distributed network of users rather than a single bank or government and functioning on the blockchain, enabling instant and secure payments without the need for a middleman.
However, no investor should ever feel safe when it comes to any of their investments; that way losses lie. So it’s wise to look more closely into bitcoin if it is of interest to you because it might be that it’s not that good a choice in the end. This will depend on a lot of factors.
One upside to bitcoin is that because of the proliferation of markets, exchanges, and online brokers around the world, bitcoin has quickly become one of the most liquid investment assets. Bitcoin can be instantaneously converted into fiat currency or other assets, such as gold, at incredibly low transaction costs. Bitcoin’s strong liquidity might make it an excellent investment vehicle for those seeking short-term gain. Of course, due to their huge market demand, digital currencies may potentially be a good long-term investment.
The market for bitcoin and other cryptocurrencies is still in its infancy, and every day brings a new coin into widespread circulation. Because of the novelty of the situation, price fluctuations and volatility are likely to increase dramatically. This doesn’t sound ideal, but the truth is that if you keep an eye on your investments, you can use this to your advantage and make some decent money.
In the cryptocurrency market, the Toon Finance coin is the latest fad since it is a meme coin that has quickly become the most popular. You may be considering buying some because it has been called “one of the most promising coins of the year and the future” by numerous market watchers.
The corporation has produced a total of one billion coins for sale, and at present, they are selling 500 million of them. What makes this initiative even more exciting is that it will also result in the launch of a decentralized exchange (DEX) for the Ethereum network. The platform was developed by industry leaders who wanted to provide their clients with the best possible service.
The ease with which you can start investing with Toon Finance coin is one of its many great features. You can just install a cryptocurrency wallet that supports multi-chain cryptocurrencies. This “wallet” is analogous to a traditional bank account, except that it stores cryptocurrency instead.
The low cost of holding Toon Finance currency is yet another fantastic feature. Due to the decentralized nature of the process, no intermediaries such as brokers or government organizations are required. Therefore, there are no hidden costs associated with buying this coin.
Disclaimer: This is a guest 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 own research before taking any actions related to the company.
Toon Finance Raises 3 MIL USD Round 1
If you’re a cryptocurrency investor, you’re probably wondering where the industry is headed, especially in light of the current crypto winter. What is the most promising cryptocurrency? Which cryptocurrencies are currently the most valuable and should be where you invest in 2022? Which cryptocurrency will be the most successful in the coming years?
These are all excellent questions, but the one regarding the best place to invest in 2022 is perhaps the more pressing. After all, choosing wisely right now means you’ll have more to invest elsewhere as the markets change, no matter what happens. So with that in mind, here are some excellent investment opportunities to help you get started.
Toon Finance Coin
Due to a number of factors, Toon Finance has recently been popular among crypto enthusiasts. The novelty of this currency is undoubtedly a factor in its rising demand. About four months ago, the currency was released into circulation, and it has risen in popularity ever since, becoming one of the top cryptocurrencies to invest in 2022.
Toon Finance, a meme coin launched just a few months ago, has quickly risen to the top of the cryptocurrency market. This is because the team behind the currency has done a good job. The programmers are pros, and the creatives have fresh ideas to keep the money flowing in.
The fact that the Toon Finance Protocol is a DEX platform is its most notable characteristic. This is a distinctive feature in comparison to other meme coins on the market, all of which are run by centralized systems. Toon Finance uses the DEX, providing investors with an increased level of safety and peace of mind.
A major benefit of the DEX system is the absence of a single point of failure that might be exploited by hackers. Because of this, backers can relax knowing their money is secure. Advantage number two for DEX is that it eliminates the need for a third party in financial dealings. This is just one of the reasons why Toon Finance is a great investment choice for 2022.
Toon Finance DEXswap
Decentralized exchanges are on the rise in the cryptocurrency world. These exchanges allow for peer-to-peer trading of cryptocurrencies without the need for a central authority. This article will explore the advantages and disadvantages of decentralized exchanges, as well as their implications for the future of cryptocurrency trading.
What is a Decentralized Exchange?
A decentralized exchange is an exchange that does not rely on a third party to hold the customer’s funds. Instead, trades are made directly between users (peer-to-peer) through an automated process.
Cryptocurrencies are stored in a wallet that is controlled by the user, rather than by the exchange. This type of exchange offers a number of advantages over centralized exchanges, which we will explore below.
Advantages of Decentralized Exchanges
- Increased security: One of the biggest advantages of decentralized exchanges is that they are much more secure than centralized exchanges. This is because there is no central point of control for hackers to target. In addition, each user’s funds are stored in their own personal wallets, which adds an extra layer of security.
- Greater privacy: Another advantage of these types of exchanges is that they offer greater privacy than centralized exchanges. This is because users are not required to provide personal information such as their name or email address. In addition, transactions made on decentralized exchanges cannot be traced back to a specific individual.
- censorship-resistant: Decentralized exchanges are also censorship-resistant, meaning that they cannot be shut down by governments or other central authorities. This is because there is no central point of control that can be targeted by censors.
- Accessible to everyone: Anyone with an Internet connection can access a decentralized exchange. This is because they are hosted on decentralized networks such as the Ethereum blockchain. In contrast, centralized exchanges are often only accessible to people in certain countries due to regulations.
- 5. 24/7 trading: Decentralized exchanges never close and allow users to trade 24/7. This is because they are not subject to office hours or holidays like centralized exchanges are.
- 6. Lower fees: Decentralized exchanges typically charge lower fees than centralized exchanges do. This is because there are no middlemen involved in the process and no need to pay for things like marketing or customer support.
- 7. Autonomous: Decentralized exchanges are autonomous and do not require human intervention to function properly. This means that they can operate even if the team behind them disappears completely. In contrast, centralized exchanges require constant maintenance and updates from their team in order to function properly.
- 8 Better liquidity: Decentralized exchanges typically have better liquidity than centralized ones do because they have a larger pool of users to draw from (due to their global accessibility).
Toon Finance New DEX swap has been receiving tons of hype and media attention as they sail into the second phase of their presale already raising over 3 MIL USD.
As a joke, Dogecoin was created to mock the speculative nature of the cryptocurrency market. The original concept behind the coin was to make it so worthless that nobody would buy it. Dogecoin, however (and rather ironically), has seen a surge in investment activity ever since its inception. Following a price increase of almost 15000 percent in the first half of 2021, it surpassed all other meme coins in terms of market capitalization.
Since the rally in 2021, Dogecoin has not been the subject of any noteworthy events. In January 2022, nearly every cryptocurrency hit a new high, but Dogecoin never recovered and has not looked as good as it did at the beginning of 2021 for some time.
Is Dogecoin a good investment for 2022? It seems that time will tell. Although some experts are pessimistic about Dogecoin’s potential, others are optimistic that it will rise again as it did before.
To help you decide, it’s important to remember that over the previous few years, Dogecoin’s price has seen a major correction and recent upward price movement for Dogecoin indicates that it has the potential to be a great long-term investment. This could be the reason to invest.
Big Eyes Coin
The Big Eyes Coin is an Ethereum-based meme coin with the stated goal of revitalizing the defunct DeFi platform and developing a wide range of additional features and services for its user base.
As a meme coin, its main purpose is to make people rich and to disseminate ideas and stories that circulate across online communities. Since its presale, the Big Eyes Coin community has developed, making it one of the most promising new cryptos of the year.
The success of Big Eyes can be traced down to a number of different things. CEX has recently ranked Big Eyes Coin as a Tier 1 security, implying that the token would be listed on the CEX Exchange soon after its presale closes.
With the launch of the fifth round of the presale, the initiative has already raised almost $7 million. Without a doubt, the peace of mind that comes with investing early in the project is a major selling point.
Big Eyes’ unique capabilities set it apart from the thousands of other cryptocurrency ventures. Big Eyes plans to direct its crypto initiative toward giving answers to life-threatening situations by donating five percent of its total tokens to charity.
Even if none of the other reasons for investing in Big Eyes are of interest, this last might be the perfect reason to try it out in 2022.
ARK claims to be purchasing 420,949 COIN shares, which are worth more than $21 million at the current market price.
According to an email from ARK’s trading desk, the purchase was made through three of the company’s ETFs. The fund stated that it is expanding its interest in Coinbase across all three of its funds: ARK Innovation, ARK Next Generation Internet, and ARK Fintech Innovation. ARK holds 7.7 million shares of COIN and has added about 2 million shares over the last year. Moreover, it is now planning to add 420,949 shares.
Coinbase’s stock has been pulled down by nearly 80% this year, and is still down by a whopping 85% from all-time highs that it recorded in November 2021. COIN is now trading at roughly $75 per share. Wood is still bullish about the firm and has an optimistic outlook for the cryptocurrency market in general
In late October, ARK announced that it’s ARK Innovation ETF would add 10,880 more shares to its COIN holding.
Wood also owns a large amount of Bitcoin as she purchased $100,000 worth of the asset in 2015 at a price of $250. According to the current trade price, her investment is now worth $7.2 million.
COIN is presently trading at $50, down 10% on the day.
The growth of cryptocurrencies has been phenomenal. The skyrocketing prices of crypto coins since the beginning of 2018 have immensely profited those who had invested earlier on. Nevertheless, if you are a new investor looking for what coins and tokens will be beneficial for you. This guide is for you.
Bitcoin has remained the top cryptocurrency for investors to invest their money in. Albeit the cost of a single bitcoin is now more than $20000, the beginners are also putting capital into its shares. This is due to the fact that the value of bitcoin will continue to grow. However, there are other numerous coins that are also immensely profitable which you can invest into.
A Form Of Passive Income
Not only a long-term investment, but this is also a type of passive income for investors. In the crypto market, the users don’t only invest in the coins but also trade multiple shares of cryptocurrencies to generate rapid profit. This way is efficient to make fast money and secure greater capital for bigger investments.
Traders focus on the market evaluation that helps them analyze what timing is suitable for them to trade their crypto coins. In order to pinpoint the market situation, users automate their trades on the-biticodes.com to make sure they make profitable returns on their investments.
If you are running low on capital, trading cryptocurrencies can be an easier way for you to timely grow your investment amount in a matter of time in order to further make larger investments.
Best Cryptocurrency Investments In 2023
Cryptocurrencies are available in several kinds. Here are some of the hand-picked cryptocurrencies that we think will be suitable for you in the near future.
Cardano (ADA) is one of the top-performing cryptocurrencies in the forthcoming year. Cardano has been in competition with Ethereum after its software upgrade in 2021. Due to its upgraded network, it is now considered extremely high in value and a front-line competitor for bigger coins like Bitcoin and Ethereum.
Dogecoin (DOGE) is also a meme coin and is mostly known as Elon Musk’s favourite coin. Through its fame, dogecoin has managed to be included in of the top best investment crypto coins in the year 2023. Dogecoin contributed significantly to crypto exchange development.
Hands down, Ethereum (ETH) is the best investment in cryptocurrencies. Ethereum is valued as the second most precious coin after bitcoin. In terms of investment, most investors say that this is their second choice after bitcoin. Its value is expected to rise even more at the beginning of 2023, this is why it is wise to invest in Ethereum.
The legend, the myth, the bitcoin (BTC). Bitcoin is undoubtedly the best-performing cryptocurrency of all time. Ever since it was introduced in 2009, it has only increased in value. Early investors of the BTC are now sitting on billions of dollars. You can even start as low as a $50 investment in bitcoin.
One of the top-performing cryptocurrencies in 2023 includes Uniswap (UNI). One of the ideal times to acquire a cryptocurrency is when it is improving its usefulness and speeding up uptake.
Uniswap is overtaking the advantage of Ethereum. Some of the advantages include the ability to pay fuel expenses in just about any token, scalability, and relatively close and inexpensive payments.
Cryptocurrencies are a great form of investment as well as a passive income for those who don’t have readily huge capital available for investment. Or simply people who want to yield bigger profits before making a long-term investment.
Trading crypto coins is one of the most effective ways to generate profitable returns on timely investment. Efficient trading can also be done by automated robots on the-biticodes.com that analyze the market for users and ensure booming returns.
Disclaimer: This is a guest 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 own research before taking any actions related to the company.
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November 7, 2022 – Game Space, the first GameFi as a Service (GaaS) platform in the industry, has announced a $3 million investment in the DID project – KEY3.id through its’ GameFi Future Fund. KEY3.id is a free to claim, permanently free to own, multi-chain enabled inclusive DID protocol, and advocates to provide a free and decentralized identity for every user who wants to enter Web3. The estimated value of KEY3.id project will be worth $50 million.
KEY3.id will go live with its’ first phase of domain names ending with .did on November 10th at 20:00 UTC and will offer a free to claim .did domain to all ENS holders who can use .did to store all addresses and receive any cryptocurrency, tokens or non-homogenized tokens.
During the pre-launch period, users can participate in the Early Bird campaign via Twitter to receive a badge and claim a .did domain with the same name based as their ENS Domain; ENS users can claim for free at the start of the launch, and later, all addresses can publicly claim any .did domain. Claim one .did domain name, users with multiple ENS Domains can increase their chances of claiming by inviting friends to claim.
Committed to Provide a Permanent Free Identity for Every User Who Enters Web3
DID is the foundation of the metaverse and Web3, and it is highly likely that DID will become the gateway to Web3 in the form of “smart contract accounts”. With the combination of Web3’s combinability and financial attributes, DID is rapidly iterating and will change the digital world. In the future, everyone will have their own set of DIDs that can pass through the entire Web3.
The existing naming system in Web3 is inadequate in terms of demand, where most DIDs require a purchase fee, Gas Fee, and a pricey annual renewal fee for the holder, by means the DID cannot be substantially and fully attributed to the user, which also contradicts the core philosophy of Web3. Web3 is currently a niche market, and when the low-barrier masses flood in, KEY3.id wants to provide a free, fully autonomous, non-renewable DID for every user who enters Web3, maximizing the ability of anyone who needs to create and use a digital identity, providing “Free to Own” DID that will create an explosion for DID protocols.
Neutral, Inclusive and Cross-chain
Current DID development is at an early stage, with each chain having its own DID and its own name, such as .eth .sol etc, forming a faction and siloed ecosystem. Most of them don’t even support cross-chain or multi-chain usage, resulting in each set of DID being isolated.
Kory Pak, CEO of KEY3.id, said “The choice of a neutral term .did was made with the intention of being inclusive of the major ecosystems and not taking sides. Web3 being a big unified world should not be divided and factionalised at the entry level. Pak also noted that the first phase of .did will be deployed on ETH, as Ethereum has the largest user base. It will later support multi-chain deployment and applications, thus helping to build a more inclusive Web3 world.”
“The key driver behind the demand for DID will come from Web3 protocols, which will utilize the DID of users to build better products that are “catered” to existing users and also “targets new sets of users.” KEY3.id wants to welcome users by giving them the comprehensive Web3 experience through Free to Claim + Free to Own their DID.”, Micheal Cameron, CEO of Game Space added.
The State of DID Industry and the Future Outlook of KEY3.id
Although there are many projects related to DID, however the DID sector is still in its early stage. Data shows that the number of users currently holding an ENS domain name service is around 550,000, Metamask has around 30 million monthly activity, and the internet has close to 4 billion users today.
Pak also noted that the combinability of technologies in Web3 and the flywheel effect of crypto finance will accelerate the process of Web3’s popularity and DID development. The existence of DID solves the difficulty of identifying users in the first place. The use of memorable short numeric or English names, such as 8899.did or tommy.did, to replace garbled wallet addresses starting with 0x is certainly of high application value. Data shows that there are already more than 100,000 accounts on Twitter that use DIDs as usernames. Especially in the case of user-to-user transfers, the use of DIDs can largely avoid the loss of assets due to address misidentification.
KEY3.id hopes to welcome users to claim a DID with low threshold through permanent free access, and will subsequently increase the accumulation of a certain network effect towards users through specific application scenarios such as GameFi, social and other scenarios.
On the other hand, DID is still predominantly speculative in terms of demand for digital naming systems. Data shows that transactions of ENS numeric domain names contributed 44% of the number of transactions and 65% of the transaction value; while in the segment of digital domain names, 97% of the transactions are short 3-5 digit digital domain names.
KEY3.id has reserved short numeric domains of up to 4 digits and is issuing short numeric domains in a fair manner through airdrops and auctions, where the proceeds from the auctions will go to the DAO vault to support the project’s development. Currently KEY3.id has already partnered with dozens of DAPPs, including well-known Wallets, DeFi and exchange platforms to support resolution of KEY3.id in the coming months. KEY3.id will continue to devote itself to the development of DID and grow together with everyone to create momentum in Web3.
KEY3.id is a free to claim, a Decentralized Account System free to claim and permanently free to own without any fees for renewal . KEY3.id lower the entry barrier and use a neutral term .did ith the intention of being inclusive of the major ecosystems and not taking sides to encourage more existing and new users to enter Web3. Users can create any sub.did and assign ownership to anyone you’d like, even set up your own registrar for your .did.
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As the yield on traditional investments like stocks and bonds has fallen recently, investors have started switching to cryptocurrencies.
Oryen has a lot to offer investors. As a new company, it is quickly making a name for itself in the industry. It promises a guaranteed 90% APY, much higher than other staking protocols. This, combined with the fact that major holders of ADA, TAMA, and Decentraland have already invested in Oryen, makes it a very enticing option for those looking to invest in a promising crypto asset.
Oryen’s ICO sale began a month ago, yet its token’s value has already doubled. What is so unique about $ORY?
Understanding Oryen Network
Oryen Network was created to offer an easy way to generate passive income by holding the token. Oryen’s auto-staking protocol has compounding features that should make staking more efficient. Furthermore, it claims to offer the highest fixed APY in the market at 90%.
The protocol reserves 2% of every $ORY purchase and 4% of every sale in Risk-Free Value wallets, a separate reserve mechanism that promotes liquidity. RFV wallets ensure that the protocol always has sufficient funds for awards, preserves price stability, and decreases downside risk.
The demand is massively growing for Oryen daily, adjusting the price appropriately. Therefore, $ORY has already soared by 100%.
Analysts have praised Oryen’s presale structure for its dynamic nature, uncommon in the industry.
The ORY price will rise steadily week over week. At the same time, bonus payouts will start decreasing. Therefore, the faster investors act, the higher returns they secure for themselves.
Cardano (ADA) is becoming one of the most rapidly expanding blockchain assets in the cryptocurrency market. Since its debut in 2015, ADA has been one of the top ten by market capitalization and has generated considerable attention. Its technology is evolving rapidly and aims to compete with Ethereum by constructing a vast blockchain ecosystem.
A key idea of Cardano is its Proof-of-Stake (PoS) blockchain architecture, where ADA is staked to the network to assist “stake pool operators” in properly verifying transactions on the blockchain. Those that stake ADA to the blockchain receive more tokens in compensation.
Tamadoge is a deflationary cryptocurrency where players compete to ascend a leaderboard by accumulating Dogepoints. After each month, the users with the highest Dogepoints can claim prizes from the monthly Dogepool.
Tamadoge (TAMA) is the entry point token of the Tamaverse, where users can mint, breed, and combat their Tamadoge creatures in the Metaverse.
Decentraland is a pioneering 3D virtual reality (VR) platform that offers users a variety of interoperable VR experiences, such as gaming, events, simulations, and collaboration. Users may log in to Decentraland and visit any places that hold events and activities.
MANA, the native currency of Decentraland, is used to buy land on the Decentraland platform. When you purchase land in Decentraland, you acquire a smart contract granting you sole ownership of that ground. You may then create, sell, or exchange it with other people.
ORY’s holders are confident in the project’s ability to succeed, and this is reflected in the strong support from ADA, TAMA, and MANA holders. With a robust community backing it, ORY is poised to succeed.
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Amidst the high inflation and increasing interest rates, the crypto market is moving ahead with a bullish sentiment. The first cryptocurrency, Bitcoin has gained stability and has been trading above $20,000 for a week now. This has brought some confidence to the crypto community.
At the time of writing, Bitcoin is selling at $20,502 after a rise of 1.61% over the last 24hrs. The immediate resistance is positioned at $20,550 and support is around $20,450.
The technical indicators are posing a positive price action for Bitcoin. Here Moving averages are signaling buy around ten, while oscillators portray neutral at eight.
Meanwhile, ARK Invest, an investment firm’s founder and CEO, Cathie Wood gives out an extremely bullish stance towards the flagship currency. In an interview with Bloomberg, Cathie Wood is seen claiming that Bitcoin will move beyond $1 million by 2030. If that happens, the firstborn cryptocurrency will spike nearly 4,600% from its current price.
Bitcoin Price At $1 M By 2030
Next, ARK Invest’s CEO talks about institutional investors where she asserts that while Bitcoin is down by nearly 70% from its ATH of $69,000, institutional investors are taking this as an opportunity to invest. She also says that institutional investors’ interest in the King currency spiked after a 2018 speech by the Boston, Massachusetts-based investment advisory firm Cambridge Associates.
In 2018, Cambridge Associates quoted that though Bitcoin is not liked by the masses as it may sound like a Ponzi scheme, they had said that it is acting like a new asset class and the asset is acting like one now.
If these developments and interest continue to rise, Bitcoin will see new heights soon.
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Buying cryptocurrency is easy than ever. But making real money on it. Well, that’s a different matter entirely.
Essentially, if you want to make money through crypto there are two ways of doing this. Either through a considered long-term ‘buy and hold’ strategy, or via a quick, short term ‘day swing’ approach.
In this article we’ll give you a quick rundown of what both involve. As well as showcasing 4 ways to invest in crypto for short- and long-term investments.
What to Know Before Investing in Cryptocurrency
Even though you might have heard stories of people who have got very rich from investing in crypto, it is important to recognise that cryptocurrency is a very high-risk investment.
In fact, these markets are so unpredictable and volatile that it is not uncommon for something like Bitcoin to experience a week where its value plummets by upwards of 25%, only for it to peak at record levels 7 days later.
If you do decide to buy crypto, it’s a good idea to only devote a small part of your portfolio to it for now.
It’s worth noting too that in many countries, cryptocurrency gains are taxable.
Also, while your checking and savings accounts are insured for situations where you bank might collapse or get hacked. This is often not the case for crypto.
So, whilst this is a very rare chance of happening, there is a possibility you can lose all your investment through no fault of your own.
How to buy cryptocurrency
If you are to invest in crypto, one of the first things you need to do is decide on a creditable exchange.
An exchange is the platform on which you will be purchasing, selling and most likely, storing your crypto. Thankfully there are quite a few robust and reputable ones around.
This includes Crypto.com, which is one of the most popular global exchanges in the world. As well as Coinbase which is a very good platform for those just getting to grips with digital currency.
Other very good exchanges include eToro, which lets you invest in ETFs stocks and more than 30 popular cryptocurrencies, as well as Binance.US.
Choose which cryptocurrencies you want to invest in
While Bitcoin is probably the most famous of all digital currencies right now, there are in fact, more than 7,500 cryptos currently out there.
This might seem like an overwhelming choice, but most exchanges only offer between 20 to 30 of them.
As not all cryptocurrencies are not created equally, you will have to do some thorough research about each individual one you are interested in before investing.
However, some of the top rated and most often traded cryptos are Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE) and Binance Coin (BNB).
Which ones you invest in, is of course. entirely up to you. But with cryptocurrency being volatile and speculative by nature, often it comes down to the simple matter of which one you have most faith in.
Decide on how much crypto to buy
After determining which types of cryptocurrencies, you want to buy, you will have to decide upon how much of it (or them) to purchase.
Opinion on this varies but sound advice could be to invest no more than 5 – 10% of your entire wealth on it. That way should crypto not work out as you hoped, you will still have enough money to comfortably retire with.
Another good strategy might be to only invest in crypto once you have accumulated at least $100,000 in safe investments. This is because it is generally acknowledged that currently, you can’t build a guaranteed future of wealth on it.
Safely Store Your Private Keys in a Wallet
After you have bought your crypto, you will then have to decide how you will store it.
Essentially you do this in what is called a ‘wallet’, of which there are two types – hot and cold wallet.
Hot wallets allow you to easily access and sell your reserves of cryptocurrency whenever you want. Whilst several security measures are put in place to protect them, hackers are getting more sophisticated in their attempts to steal crypto.
Therefore, many traders, and particularly those who intend to practice a long-term investment strategy, choose to save their private key to what is known as a ‘cold’ wallet. Typically, a USB or hard drive which they store in a bank’s safety deposit box or a home safe.
You probably don’t need a cold wallet if you are only going to invest in relatively small amounts. Although a storage option you might consider either way, is to set up a cryptocurrency savings account. As this will also enable you to receive interest on your investment.
Choose a strategy
When buying crypto you will need to work out what your end goal is.
Clearly it will be to build wealth. But you will have to determine whether this will be on a long-term or short-term gain basis.
Overall, there are two ways to invest in the cryptocurrency market. These are known as ‘buy and hold’ and ‘day swing’.
Buy and hold investors tend to buy crypto with the goal of holding them for an extended period. Banking on the fact that its value will naturally rise over time and ignoring short-term rises or falls. This would be the approach when incorporating cryptocurrency as part of a Self-Managed Super Fund.
Those who adopt an active trading day swing strategy will spend a lot of time on a daily, even hourly basis. Meticulously analysing trends and researching new digital currencies that are performing well.
When they notice a slight downturn in their performance, they will then sell for as big a profit as they can.
Growing Your Investment
Having bought your first lot of crypto and stored it in your wallet, and with a clear strategy in mind, you can then set about growing your investment.
While buying cryptocurrency is one, albeit high risk, way to invest for long-term or short-term gains, there are some other lower risk methods you might consider adopting as well.
These are as follows:
Learn, to earn ‘free’ crypto
Several sites like Coinbase run schemes like their ‘Earn’ program which allow you to earn a small amount of free crypto just by learning about it on their platform.
This might involve earning, for instance, $2 in Stellar (XLM) just by watching a short video that lasts little more than two minutes.
If you have the time available, you could slowly add to your reserves in this way over a significant period of time.
Invest in cryptocurrency stocks and ETFs
Recently the Securities and Exchange Commission in the USA approved the first Bitcoin futures ETF. This allows you to invest in the crypto without having to buy any.
In addition, you can also choose to invest in the crypto industry itself through the purchases of shares in companies that are heavily invested in it.
The likes of Coinbase, Hut 8 Mining (HUT) and Nvidia (NVDA) could all be savvy investment options for you.
Invest in the Blockchain
Another way of investing in crypto without the need to buy any is to invest in the technology which supports it. This is known as blockchain.
Back in 2014 only two of the world largest PLCs had any kind of investment in blockchain. Today that number is over 80.
In fact, so far has this type of investment strategy come, there are now even blockchain ETFs available.
Principally this revolves around the Amplify Transformational Data Sharing ETF (BLOK), which offers a terrific selection of blue chips and impressively performing start-ups.
Mine for crypto
If you have access to a fast and powerful computer that has a graphics card with gaming-capability, you can also mine crypto for free.
Mining requires you to lease the processing power of your computer to participants within the blockchain. However, should you decide to do this, you would receive a few free cryptos for the privilege.
In the current bear market, most well-known cryptocurrencies, like Polkadot (DOT) and Polygon (MATIC), struggled to generate good returns. Some are stable, but others continue to dip.
Flasko, a new name in the crypto world, has been showing much potential growth. Thus, Polkadot (DOT) and Polygon (MATIC) investors are keen on investing in this new cryptocurrency protocol.
Polkadot (DOT) Investors Will Continue To Buy Flasko (FLSK)
Polkadot (DOT) investors seek unconventional ventures like Flasko. The performance of this cryptocurrency in recent times has not been favorable.
The price of Polkadot (DOT) rose to $39 in 2021. However, the price of Polkadot (DOT) now is at $5. As a result, it cannot in any way be regarded as a sound investment. Throughout the past months, its value dropped by around 54%.
Tron (TRX) Continues To Decline
Tron (TRX) cryptocurrency was launched back in 2017. Tron (TRX) has gained a lot of attention in the past.
There was a time when the value of the cryptocurrency was above $0.30. However, the current trading value of Tron (TRX) is under $0.061. Therefore, investing in Tron (TRX) cannot be considered a wise thing to do.
Tron (TRX) will continue to lose its value in the future, and investors are searching for alternative investments such as Flasko.
Flasko (FLSK) Is Doing Good On Its Presale
Flasko just came out recently, but it has received e a lot of positive attention from investors.
Flasko will become the first investment platform to allow its users to invest in rare and luxury whiskeys, fine wines, and vintage champagne. The wine and spirits industry is a lucrative one. Thus, Flasko is helping crypto investors to become part of this growing and promising industry by allowing investors to invest and trade in NFTs that are backed by premium and expensive rare wines, champagnes, and whiskeys.
The current price of Flasko in its presale is only $0.065. It is expected to increase in early 2023.
It is not too late to be part of Flasko. Join the presale now.
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PRESS RELEASE. METROPOLY will disrupt and revolutionize the real estate market and make it possible for anyone to fractionally buy, sell, and invest in real estate assets such as apartments, single and multi-family houses, penthouses, and villas in popular cities and desirable areas across the globe in a completely decentralized way for as little as $100.
METROPOLY is building the world’s first completely decentralized real estate NFT marketplace based on the Ethereum blockchain. Each real estate NFT sold on the Metropoly Marketplace is backed by real-world properties.
METROPOLY’S MAKING REAL ESTATE INVESTMENT SIMPLE
Metropoly’s vision is to make the real estate market accessible to people worldwide regardless of their origin, country, or credit score with a global decentralized Real Estate NFT marketplace backed by real-world properties.
Imagine if a person from anywhere in the world could buy fractions of a multi-million dollar penthouse in London, a single-family home in Paris, and a villa in Dubai, all for less than $1,000 USD, with cryptocurrency, in less than 60 seconds, completely decentralized and without any paperwork. That’s what Metropoly is building with their real estate NFT marketplace.
METROPOLY will have a pre-sale in the form of a community fair launch starting from October 30th, 2022. It has no whitelist and is available for anyone using their Metamask or Trust Wallet.
Metropoly is introducing a new ERC-20 token to the crypto space. Built on the Ethereum Blockchain, METRO has a limited supply of 1 billion tokens and is the utility token of the Metropoly Ecosystem. The novel token will be primarily used as a payment and reward method on the platform, has been successfully audited and has no taxes.
The Metropoly token presale starting soon offers early adopters the opportunity to be the first to invest in the platform. The company offers five membership tiers, from Student all the way to Tycoon.
Each tier offers unique incentives such as special limited edition NFTs, cash-back on investments and bonus METRO tokens which can be utilized on the platform to invest in selected properties. All participants are automatically enrolled in our Platinum Member’s Club, with rewards starting from only $100 USD.
The Metropoly presale runs from October 30 – December 20, 2022, and the sooner you invest the more bonuses you receive. Visit https://metropoly.io to learn more and become a member of the Metropoly ecosystem.
Metropoly’s team is based in London, Dubai & Ontario. We have several years of experience running successful international businesses, including institutional real-estate and blockchain companies with a primary focus on scaling innovative start-ups in different industries.
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Today, the world woke up with the news of Tesla CEO, Elon Musk completing his Twitter acquisition for $US44 billion. Immediately after gaining authority over the social media giant, the Tesla CEO expelled many top executives along with CEO Parag Agrawal.
Now, one of the largest crypto exchanges, Binance has confirmed to be an equity investor in the Elon Musk acquired Twitter deal. This was confirmed by Binance CEO, Changpeng Zhoa or CZ where he claimed that, “ We’re excited to be able to help Elon realize a new vision for Twitter. We aim to play a role in bringing social media and web3 together in order to broaden the use and adoption of crypto and blockchain technology.”
This statement comes after the deal was confirmed in the early hours today after it was delayed for months together. Initially in May the crypto exchange Binance was assured to invest $500 million in Twitter in the Elon Musk buyout.
Elon Musk – Chief Twit
On the other hand, the reason that Elon Musk gives for firing the top executives of Twitter is that earlier Twitter’s lead team had misled him in terms of spam accounts. Among the top officials who were terminated also include CEO Parag Agarwal, Ned Segal, a chief financial officer and Vijaya Gadde, chief of legal affairs and policy.
Furthermore, immediately after Twitter was acquired, Elon Musk posted a Tweet which said, the bird is free.
Just before the acquisition, there were concerns that Elon Musk would promote free speech which will see more online toxicity. However, later Elon Musk confirmed that Twitter should be warm and welcoming to all.
Prior to his acquisition, Elon Musk visited Twitter’s San Francisco headquarters and also changed his Twitter profile to Chief Twit. The main aim of Elon Musk is to reduce bot and spam accounts on Twitter, but he has not yet clarified how he is planning to achieve that and who will run the company.
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If you are reading this, you are probably already investing in the crypto market or wondering what cryptocurrency you should purchase. There are many different fundamental aspects to consider before investing in a token. Well-known cryptocurrencies like Bitcoin CV (BSV) and EthereumPoW (ETHW) have been struggling recently. However, the newly launched Plona (PLON) is here to prove to users that there is still life in the blockchain industry.
Investors worry as Bitcoin CV (BSV) is down 5%.
Bitcoin SV (BSV) is a division of the Bitcoin Cash (BCH) network in the blockchain. Powered by Bitcoin (BIT) scripting, the platform aims to restore the original bitcoin protocol and functions as a scalable chain designed to meet the demands of commercial infrastructure.
Bitcoin SV (BSV) aspires to continue the technological advancement of the original Bitcoin (BIT) protocol that came before it, allowing every transaction to proceed as a non-fungible token (NFT) or smart contract. Now worth almost $47 per coin, Bitcoin SV (BSV) value has fallen by 5% over the last week. Bitcoin SV (BSV) is not a cheap investment. Perhaps first-time investors should consider alternative cryptocurrencies in the market.
Is EthereumPoW (ETHW) losing its investors?
Industry-leading EthereumPoW (ETHW) is a proof-of-word fork of the Ethereum blockchain network. As a community-based project of developers and miners, EthereumPoW (ETHW) is focused on their beliefs that the network should stick to the proof-of-work consensus mechanism.
While Ethereum (ETH) is switching to the more energy-efficient method of proof-of-stake (PoS) consensus, EthereumPoW (ETHW) plans to continue running on the PoW mechanism. Over the last 24 hours, EthereumPoW (ETHW) went down by nearly 3% and dropped by almost 20% in the past seven days.
Plona (PLON) raises $1.5 million in two weeks.
Headlines after headline, everyone is talking about Plona (PLON), the cryptocurrency allowing luxury car enthusiasts to own a fraction of their favourite cars for only $29. Plona’s (PLON) presale has started, and this cryptocurrency is flying out of the market. With a launch price of $0.012, you can join the platform’s phase one presale. Investors will benefit from a 2.5% transaction fee on all network transactions.
The team at Plona (PLON) will be donating 2% of its tokens to a charity of the community’s choice and locking up liquidity for five years to prove their commitment to the platform’s success. Additionally, 32% will go to its presales, and 5% will go to future partnerships with celebrities, activists, and influencers who will actively engage with the Plona (PLON) community. With all the hype surrounding Plona (PLON), crypto analysts and blockchain enthusiasts have speculated the stage one presale will raise $1.5 million in only two weeks.
Find out more about Plona (PLONA) and enter the presale using the links below.
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Top 3 Altcoins to Invest in For The Coming Months; Flasko (FLSK), Frax Share (FXS), and Rocket Pool (RPL)
When crypto enthusiasts and investors intend to invest in a cryptocurrency, they usually make it a point to focus on the long-term development of the cryptocurrency. This is essential since your investment has to be set for success unless you are a daily trader looking for a short-term investment.
One way of doing this is to invest in tokens during their early stages since it would be pretty uncomplicated and would ensure that your investment has enormous growth potential. Analysts have listed the top 3 altcoins to invest in for the coming months, which are Flasko, Frax Share (FXS), and Rocket Pool (RPL).
Frax Share (FXS) Price Performance Shows All Green
Frax Share (FXS) is a dual-token stablecoin project operating via collateralized reserves and algorithmic stability. Frax Share (FXS) token currently trades at $6.6986309 after a seven-day price change of +37.55%. This made it one of the top performers in a declining crypto market.
This altcoin had an all-time high of $42.67 on 12 January 2022, when Bitcoin (BTC) was on a freefall and affected most cryptocurrencies. In the past 24 hours, Frax Share (FXS) has gone up by +9.56%, trading a little bit away from the $7 mark at the time of writing. A possible reason for the continuous uptrend could be the result of Frax Finance. It is the network behind Frax Share (FXS), which will launch a liquid staking protocol.
Rocket Pool (RPL) Is Still Strong Amidst Stagnating Market
Rocket Pool (RPL) is a top decentralized Ethereum staking pool that was lent a lot of weight by the top names in the financial industry. Though Rocket Pool (RPL) was affected by the bearish market, it has since left its shackles, as seen in its bullish streak over the past 90 days.
Market sentiments keep pushing the price upwards, as seen in its +134.31% price change in the last 90 days. Over the previous day, Rocket Pool (RPL) has experienced a +0.39% price increase pushing its current trade value to $21.94 with a trading volume of $1.55M.
Flasko (FLSK) Set To Soar In 2023
Flasko presale has been going on for a while and has already attracted attention from crypto analysts and investors who believe in the potential of its unique value proposition. Flasko will be the first and new alternative investment platform allowing investors to trade in NFTs backed by real-life assets in the form of luxury and are wines, spirits, champagnes, and whiskeys.
Analysts predict that this unique use case will send Flakso’s price to the moon and make it stand out from every altcoin. Moreover, with Flakso successfully passing its Solid Proof audit and locking its liquidity for 33 years, investors are sure of a safe investment, free from risks.
If you are looking for a cryptocurrency in its early stage, Flasko would be your best bet since it has the potential to provide 4,000% value, and you shouldn’t miss out on its presale.
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The cryptocurrency market has many fascinating and functional coins for investors to use in their everyday life. Compound (COMP) and STEPN (GMT) are cryptocurrencies in the blockchain that have become familiar names to investors, regardless of their current performance. However, the recently released Plona (PLON) is here to snatch crypto enthusiasts’ attention.
Compound (COMP) struggles to come back from a 7% drop.
Compound (COMP) is yet another decentralised cryptocurrency in the blockchain. Running on the Ethereum blockchain, Compound (COMP) allows its users to borrow and lend crypto. The platform further enables community governance where Compound (COMP) holders can vote on the decisions of the Compound (COMP) protocol.
Compound (COMP) is based in the decentralised ecosystem, so it allows users to deposit cryptocurrencies into lending pools. These lending pools are available to investors at any point. Compound (COMP) is down by 7% after a long week. One Compound (COMP) will cost $52.36.
What is the future of STEPN (GMT) after a 10.50% decline?
STEPN (GMT) is a blockchain-based GameFi platform that functions as a web3 lifestyle application. Founded in 2021, STEPN (GMT) they were front and centre in the innovation of many play-to-earn metaverse projects that followed after. By rewarding STEPN (GMT) users with governance and in-game cryptocurrencies, the platform aims to increase their physical activities.
Jerry Huang and Yawn Rong, the two co-founders, wanted to create an interactive platform and promote a healthy lifestyle, later coining the term move-to-earn. With an over $600 million valuation, one STEPN (GMT) is worth $0.5726. After a weak performance over the week, its price dropped by about 10.50%, landing it at such a figure. The co-founders and STEPN (GMT) investors will anticipate a better start next week.
Plona could have a $500 million valuation, according to a prediction.
If you haven’t heard of Plona (PLON), it’s not too late. Plona (PLON) is the first blockchain-based platform for investing in fractional ownership of luxury vehicles. Plona (PLON) token holders can now trade fractional non-fungible tokens (NFTs) backed by actual cars on the platform. Plona (PLON) will work with high-end car dealerships to host private networking events for its user base.
To add to this, Plona (PLON) has made recent headlines after the platform announced that 2% of its tokens will go to a community-chosen charity, attracting many investors. Plona (PLON) phase one presale is underway after passing its audit by Interfi Network, a respected auditing company in the crypto industry. There has be speculations online from possible investors and blockchain analysts that Plona (PLON) might receive a $500 million valuation.
Use the links below to follow Plona (PLON) and join the presale before it’s too late.
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The crypto market has significantly changed the map of investment portfolios this year. Investors are facing a harsh time as the recent crypto winter has erased 50% of their holdings on average. The community is confused about investment decisions and is actively looking for buying opportunities to generate the maximum profit and make up losses amid the bearish market.
According to a survey by Bank of America Corporation, the crypto market has almost touched the bottom line before making a massive bullish reversal by the beginning of 2023, indicating the best time for investors to buy in the dip and bring a wave in portfolios.
Reason Behind Crypto Market’s Struggle
The crypto sphere is stuck in a closed range as the leading cryptocurrencies are unable to make an upward breakout. The crypto market’s momentum significantly depends on the general stock market. Sometimes, any negative news in the stock market causes turmoil in the crypto market. There is a metric called ‘Beta,’ which indicates the correlation between the stock market and the crypto market.
According to Coinbase’s research, the value of Beta for the crypto market is 2, meaning that it carries twice the price movement of the general stock market. Therefore, it displays a robust correlation with US tech stocks under NASDAQ 100.
This is one of the primary reasons behind the crypto market’s downtrend, as the stock market was negatively impacted by the Federal Reserve’s unexpected CPI data and continuous implementation of interest hikes to 75 bps to control inflation. As the US stock market went down, it plunged the crypto space hard, leading to a significant loss.
Right Time To Invest In Crypto!
According to Bloomberg, the Bank of America’s survey shows that the stock market has almost reached the final capitulation before going bullish in the next year. Chief US strategists of BoA believe that the final capitulation will be achieved by the end of this year as the Fed is now taking necessary steps to bring stability to global economic infrastructure. The survey shows that the stock market is testing the pessimism of investors by drastically dropping in liquidity.
The Bank of America states that investors will get relief by the end of Q1 of 2023 as the Fed will implement further steps to strengthen the US stock market. However, a prominent crypto expert, Florian Grummes, mentioned that the bearish trend might continue for another year or a year and a half.
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September is a dreadful month for stocks and cryptocurrencies. However, October historically reverses this bearish sentiment, and this year is no exception. Heading into Q4 bullish sentiment has heightened. With American midterms in November, this winter looks incredibly bullish.
Assets always rally after the midterms due to the clarity provided by the election result- regardless of who wins. Oryen (ORY), Tamadoge (TAMA), and Big Eyes Coin (BIG) all look primed to explode in value throughout Q4.
Oryen delivers wealth creation to DeFi. Thanks to the introduction of its trailblazing OAT (Oryen Autostaking Technic) system, Oryen delivers the best stable returns within DeFi. The OAT system leverages game theory, mathematics, and smart contracts to provide investors with a highly simplified earning protocol. Oryen has created a three-step process: buy, hold, earn.
By taking advantage of the power of compound interest, the protocol pays out an astounding fixed rate of 90% APY. Smart contracts compound investors’ ORY twenty-four times daily with hourly rebases. Also, as the name suggests, staking takes place automatically from the investor’s wallet. Oryen has introduced simplicity to DeFi earnings and will grow massively as a result.
Tamadoge represents the medium of exchange within the Tamaverse. Investors can use TAMA to purchase Tamadoge pets that they can then battle against other players, with the best-ranked battlers receiving TAMA from the monthly prize pool. With 5% of every purchase from the Tamadoge store burnt, this token has a deflationary model. Most exciting is that TAMA should receive an initial listing on a centralized exchange in Q4.
Big Eyes Coin (BIG)
Big Eyes Coin has already raised $6 million and has secured a listing on a significant centralized exchange. This project has already been successful at community building and displays all the hallmarks of a token that will launch superbly. The developers have leveraged the cuteness of their pastel feline character, Big Eyes, and packed it with some utility.
All the above projects will launch or list on a large exchange throughout winter this year, and investors who buy now front-run the opportunity before the majority arrive. These lesser-known crypto gems will make any investor’s portfolio sparkle.
Find Out More Here:
Join Presale: https://presale.oryennetwork.io/register
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Non-Fungible Tokens Explained
Non-fungible tokens, commonly known as NFTs, are digital certificates of ownership that may only be used once. NFT is the common abbreviation for non-fungible tokens. Contracts like these are written into the open-source code of any digital asset to make the digital item more secure.
This includes jpegs, gifs, movies, posts on social media, and even articles; practically anything that can be published digitally. After the digital item has been secured, it is then converted into a token and uploaded to a blockchain ledger along with a code that can only be employed once. There are currently two other dominant blockchains where NFTs are built.
These blockchains are called Dapper Lab’s Flow and Polkadot, and many other businesses are investigating the possibility of using them. Most non-fungible tokens (NFTs) are currently integrated into the Ethereum blockchain. Polkadot and Flow are the names of these blockchains. At this juncture, it is permissible for members of the general public to acquire and trade NFT. When a user purchases an asset, the creators of the NFT have the option to impose restrictions on how the asset can be utilized.
For instance, they may make it so that the asset cannot be viewed on television. You might think of NFTs as a type of digital signature that differentiates a certain digital content from all the other digital assets currently available.
According to recent reports, venture capital funds are investing millions of dollars in non-profit organizations (NFOs). In the month of May 2022, two of the most prominent cryptocurrency fund managers, Andreessen Horowitz and Paradigm, started making direct investments in NFTs.
You need to be familiar with the inner workings of NFTs and the rationale behind your purchase of one before considering investing in these instruments.
Because NFTs can sell for extremely high prices, there is the possibility of making a profit by trading them.
The following are some notable auctions of NFTs:
- The very first tweet ever sent out by Jack Dorsey, the chief executive of Twitter, sold for $2.9 million.
- The first version of the source code for the World Wide Web was developed by Sir Tim Berners-Lee, the creator of the contemporary internet. In June of 2021, that NFT was sold for a price of $5.4 million.
- A collection of digital photographs was gathered by the digital artist Beeple and collected over 5,000 days; the collection was auctioned off by Christie’s in March 2021 and brought in about $70 million.
However, demand plays a significant role in determining values for all assets, including stocks and shares.
The value of these digital assets can only be determined by what another party is prepared to pay for them and the current market conditions.
Should I Invest in NFTs?
Everything about NFTs is rather new, and as a result, there is a possibility that it is just a bubble that will lose demand once the initial curiosity has worn off. At the same time, there are a wide variety of opportunities that can benefit from NFTs if utilized appropriately. Since this is a brand new market, it is quite likely that there will be wild fluctuations in the interest, price, and value of NFTs before the market finds its footing.
Taking all of this into consideration, investing in NFTs is undeniably a risky move. There are presently no laws or restrictions for purchasing and selling these tokens, and you don’t even know if you’ll be allowed to sell them at all. The value of digital art is dependent on how much someone is willing to pay for it.
If you have decided to take the risk and invest in NFTs, it would be prudent to set a limit from the beginning of how much you are willing to lose. You shouldn’t rely on this as a “get rich quick” scheme, but you should do so if you are willing to take the risk. If you are ready to accept the risk, non-traditional investments (NFTs) are a new and intriguing investment option that might be interesting to try out.
However, there are other investments available that are safer.
Instead of diving in headfirst and purchasing digital assets, one of the safer ways to get on the NFT bandwagon is to hunt for firms that are using the technology and invest in those companies. This may be done by searching for companies that are using the technology. As a result of the continued expansion of this new sector, there are a lot of prospects to investigate.
Brand New Investment Opportunities, Both Digital And Physical
The potential applications of NFTs are not limited to the realm of digital technology; rather, these technologies also have applications in the real world. It is possible to fractionate the value of physical assets by first producing digital signatures for those assets and then dividing those fractions among themselves.
One example of this would be in the real estate industry, where the potential for more rapid property acquisitions and the dissemination of investment options could encourage more people to put money into the market. In a similar vein, NFTs can make it possible for things such as artwork to have several owners, so raising both its value and the amount of money that can be made from selling it.
Effectiveness of the Market
One of the most significant advantages offered by Non-Fungible Tokens is the facilitation of direct communication between content producers and the audiences they serve. That eliminates the requirement for artists to work with agents or visit real galleries. The real estate field enables much smaller investments to be made into much larger ventures. NFTs have the potential to make processes that were previously difficult much easier.
There is no better way to boost interest in a certain item than to give the impression that it is difficult to obtain. Because NFTs can only have one owner, they provide an overwhelming feeling of scarcity due to this limitation.
Because of this, prospective purchasers are more likely to zero in on a certain piece and fret about the possibility that someone else would acquire exclusive ownership of the NFT that they like.
Imagine that you’ve found a pair of sneakers online that you want to buy, but the website informs you that there’s only “one pair left” available. If you are like the majority of us, this will heighten your perception of scarcity and urge you to commit to making the purchase, even if it isn’t in your best financial interest to do so.
NFTs are simply trading cards for the really wealthy, comparable to the activity of exchanging baseball cards on the schoolyard playground. Even though these cards have no value other than what the market places on them, their value is constantly shifting, making it similar to a high-stakes gambling game to try to collect them and trade them for other items.
As a direct consequence of this, it becomes simple to draw parallels between the NFT and the art market.
NFTs, on the other hand, provide artists with a greater degree of autonomy than the art market does because they no longer have to rely on galleries or auction houses to sell their work.