No Tax Relief For Crypto Investors & Traders
-
Indian budget 2023 mentions no reduction in crypto tax
-
Indian crypto investors and traders to continue its 2022 crypto regulation for 2023
Today is the day where the investors and traders are eagerly waiting for two of the important events that will mold the further days for the Cryptocurrency industry. The first is the FOMC meeting followed by Fed’s interest rate decision and next is India’s 2023 budget affecting future days of Crypto investors.
The Indian investors and traders have been looking forward to this year’s budget in terms of any change in the crypto regulation. However, it looks like the Indian crypto space has let down its investors as there is no change mentioned for the crypto. Just a few hours ago, the Indian Finance Minister, Nirmala Sitharaman placed the budget for 2023 where the Indian crypto investors and traders were taken aback after the budget mentioned no plans or tax relief for Crypto trading and other Virtual Digital Assets (VDA) for the Indian Space.
This move indicates that the Indian crypto investors and traders will continue last year’s crypto regulation. In 2022 India laid down the crypto tax slab where the investors and traders had to pay 30% tax on profits and a 1%tax deduction at source (TDS). Now, the same rules are set to continue even for 2023.
Shiba Inu Plummets: Early Investors Cash Out, Will the SHIB Price Recover?
Despite a recent bearish wave brought on by the broader market headwinds, Shiba Inu (SHIB) has managed to maintain stability above its key support levels. Bullish sentiments on Shibarium have dwindled as a result of the recent lack of noteworthy updates, leaving the asset vulnerable to bearish swings.
Important advancements in the L2 network’s development have come to a standstill this week, leaving SHIB to the general market trend. EMAs are nonetheless often bullish, and the asset is currently trading above the 100-day EMA.
The Shiba Inu coin saw a U-shaped recovery from the 0.0000079 support during the cryptocurrency market’s recovery at the start of the new year. This bullish turnaround has propelled the coin 50% higher in the last three weeks, where it is now trading at the $0.0000119 level.
The R2 and the 200-day Simple Moving Average (SMA), which operate as stabilizing factors close to $0.00001100, support the price movement. The release of US GDP data later on Thursday afternoon could serve as a catalyst. If this happens, Shib would quickly fall toward $0.00001000 in search of support. Due to the overwhelming demand, Shiba Inu’s buy-side volume would skyrocket and swiftly pierce the green ascending trend line towards $0.00001511.
What is the Shibarium bridge?
Shibarium, a Layer-2 scalability platform, is currently being developed by the Shiba Inu developers. The team behind the cryptocurrency project is also developing a bridge that will enable users to transfer assets between Ethereum and Shibarium.
SHIB Knight revealed information and specifics on a brand-new meme-based cryptocurrency initiative that aims to increase the usefulness of Shibarium. Shibarium Bridge will be developed by the Kai Ken Inu team, according to SHIB Knight’s tweet. Kai Ken Inu is the group behind the community-focused project.
Delaware Court Releases A Long List of Institutional Investors that Credited FTX
The FTX and Alameda implosion, which has been described as the fastest big corporate failure in American history, affected international government agencies, media corporations, airlines, and manufacturing companies, among many others. Judge John Dorsey, who is overseeing the bankruptcy proceedings, allowed the FTX lawyers to publish a list of institutional investors that credited money to the failed crypto exchange.
Some of the notable names include Mercedes Benz, American Airlines, Bloomberg Finance, Binance, Coinbase Global, and Microsoft among others. However, the Judge allowed the names of the FTX individual creditors to remain sealed for another three months, as more hearings take place.
Notably, the long list of FTX institutional creditors does not include the amount of capital invested. However, it can be assumed to cumulatively be in billions of dollars, with the top 50 creditors claiming about $3.1 billion. With the list containing 116 pages, hundreds of institutional investors are looking at John J Ray III and SBF to produce much-needed answers.
FTX Messed Up Big Time
The FTX collapse has instilled a lot of fear in centralized crypto exchanges and also reduced cash inflows in the blockchain industry. The FTX case has been complicated by the fact that SBF donated millions of dollars to U.S. politicians on both sides of the aisle. Nonetheless, millions of FTX individuals-creditors and institutional investors are wailing for Justice.
However, the investigators have a challenging time recovering all the FTX assets. Moreover, John Ray has indicated in previous hearings that there is a possibility that some FTX crypto wallets are still missing and may never be recovered.
As such, the crypto market is expected to receive clamouring regulations as lawmakers around the world try to contain greed.
Gala and Chiliz Are Starting To Show Bullish Signs But Snowfall Protocol Is About To Make Investors Wealthy Beyond Comprehension
It’s been a green day (profitable) for Gala (GALA) and Chiliz (CHZ) investors, with both tokens showing signs of bullish sentiment.
However, Gala (GALA) and Chiliz (CHZ) cannot compare to the immense returns that Snowfall Protocol (SNW) will soon be providing investors with. In this breaking crypto news report, we’ll investigate why Snowfall Protocol (SNW) is about to make investors wealthy beyond comprehension.
Snowfall Protocol (SNW) – The Definitive Winner!
Snowfall Protocol (SNW) offers a completely new way of investing in cryptocurrency, allowing users to gain exposure to a variety of crypto assets from many different blockchains through their cross-chain transfer ecosystem. The Snowfall Protocol (SNW) platform makes it easy for users to easily convert their Gala (GALA), Chiliz (CHZ), and other EVM-compatible tokens into non-EVM compatible tokens. This provides a level of flexibility that no other crypto platform can currently offer.
What’s more, Snowfall Protocol (SNW) is approaching its launch date of February 3rd and the final stage of its presale ends in less than 30 days. This is driving an unprecedented level of excitement and momentum around Snowfall Protocol (SNW), with the price already increasing from just a few cents to its current price of $0.19.
There is a feeling among many investors that this is just the start, with some believing that a 1000x increase in value is possible for Snowfall Protocol (SNW). And you can get in as an early investor before it’s too late with this link: https://presale.snowfallprotocol.io
Will Gala (GALA) and Chiliz (CHZ) continue to show bullish sentiment? Perhaps, but Snowfall Protocol (SNW) is like the fundamental infrastructure of a city. By being the first to invest in it, you’ll be able to experience immense wealth beyond comprehension. You’ll wake up and look at your portfolio and be astonished at the returns. 💥🤯💲
So don’t delay, invest in Snowfall Protocol (SNW) now before it’s too late.
Gala (GALA) and Chiliz (CHZ) Can’t Compete
Gala (GALA) serves as a platform for Web3 games. Chiliz (CHZ) is a platform for fan tokens, allowing sports fans to access exclusive rewards and experiences. They both have the potential to produce some nice returns, but they can’t compare to the potential returns of investing in Snowfall Protocol (SNW).
Gala (GALA) and Chiliz (CHZ) don’t address the major problem of a lack of interconnectivity between the different cryptocurrencies on the market. Snowfall Protocol (SNW) aims to bridge that gap. This is why top experts are recommending that Gala (GALA) and Chiliz (CHZ) investors reassess their portfolios and invest in Snowfall Protocol (SNW).
Final Thoughts
In closing, Gala (GALA) and Chiliz (CHZ) are both showing bullish signs, but the potential returns from Snowfall Protocol (SNW) could make investors wealthy beyond comprehension. Don’t miss out on the opportunity to be an early investor and take advantage of these extraordinary returns.
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. |
Celsius Network to Issue New Token for Repaying Defrauded Investors
Celsius Network, a leading crypto lending platform, has announced plans to repay creditors by issuing a new token. The move comes as the company proposes to emerge from bankruptcy and become a regulated cryptocurrency exchange.
Their elaborate plan was revealed during a video-court hearing by the company’s attorney Ross M Kwasteniet. According to the lawyer, this would produce more funds for creditors than selling the assets that are difficult to liquidate at the available prices.
The proposal will be first put up to the creditors, including Celsius customers who have cryptocurrency stored on the company’s platform. After that, the US bankruptcy Chief Judge Glenn Martin will consider the voting results to determine whether to accept the proposal or not.
Most of the Celsius customers are happy about the decision as this move is representing the company’s commitment to transparency and fairness. Even though the CEO has been accused of misrepresenting the facts, this move is still an innovative approach to solving Celsius’s current liquidity problem.
The Feds want to regulate the crypto industry now more than ever as many investors are suffering from the fraudulent activities of the system. Overall, the move towards becoming a regulated cryptocurrency platform would be a positive step forward for defamed Celsius, as it would help to strengthen the company’s financial position & ultimately provide greater benefits for its customers. It is likely to be closely watched by other companies in the space.
Celsius & Defamed CEO Alex Mahinsky: What Went Wrong?
Celsius CEO Alex Mashinsky and his team were accused of defrauding investors out of billions of dollars through a series of illegal activities. The company, which proposed to offer a platform for lending and borrowing cryptocurrency, allegedly used funds from new investors to pay returns to earlier investors, in a classic Ponzi scheme.
The legal actions against Mashinsky and Celsius Network are ongoing, but the damage has already been done to the many individuals and institutions that trusted in the company and lost their investments.
This case serves as a reminder of the importance of thorough due diligence and caution when investing in the cryptocurrency market.
Breaking News: Terra Classic (LUNC) Investors to Receive Refund – Dev. Edward Kim Confirms!
The Terra Luna Classic (LUNC) ecosystem has put in place measures to reimburse community members that were affected by the network failure between September 21 and 28, according to core developer Edward Kim. Notably, the Terra Luna Classic network failure caused tax to be incurred on transactions that did not happen. As such, about 295 million LUNC was levied as a tax on transactions that did not go through.
However, the proposal noted that wallets with 10 LUNC and below in incurred fees will lot be reimbursed due to the underlying cost transactions and tax levied. Consequently, LUNC wallets that lost between 5 million and 10 coins amounting to 2,214 addresses will be reimbursed accordingly.
“We are requesting the total amount of incorrect taxes charged be reimbursed via a community pool spend to the users that lost funds during this time; the total reimbursement is 295M LUNC,” Kim noted in the proposal.
Reportedly, most of the affected wallets were identified as CEX wallets including coinspot, and crypto.com 2, among others. Popular LUNC validator, through the Twitter comments section, commended the proposal but requested the reimbursement to take place before the next quarter.
The rebranded Terra Luna ecosystem takes pride in a market capitalization of approximately 1,084,795,839 and a 24-hour trading volume of about $144,256,324. However, the controversial failure of the original network has prevented the global adoption of the rebranded network. Moreover, investors who lost capital during the UST collapse may never be made whole again.
Nonetheless, the new Terra LUNA Classic ecosystem has received tremendous support from several centralized exchanges like Binance through listings. As a result, LUNC price has gained approximately 18090 percent since hitting rock bottom last year.
CIP-30 To be Activated on Cardano Soon, Solana Re-Enters Top 10 Digital Asset, Snowfall Protocol Early Investors To Profit Over 5000%
The crypto market has been in a positive cycle lately, with many tokens seeing instant price gains. However, it is yet to be seen if tokens such as Cardano (ADA) and Solana (SOL) will be able to maintain their high growth rates for a long time. On the other hand, some newly launched tokens like Snowfall Protocol (SNW) have been growing consistently since launch. In this article, we will discuss what makes Snowfall Protocol (SNW) stand out from pre-existing and well-known tokens like Solana (SOL) and Cardano (ADA).
Cardano (ADA) developer discloses plans of CIP-30
A developer and contributor to the Cardano (ADA) crypto ecosystem, Adam Dean, has shared the specifics of his work on CIP-30. To connect crypto asset storage with decentralized applications, hot wallets based on Cardano (ADA) need the functionality of web page interaction, which may be achieved with the help of the proposed Cardano (ADA) enhancement. WooCommerce is the most popular e-commerce platform, and now Cardano (ADA) Mercury can be used as a direct payment channel between customers and business owners.
On the price front, Cardano’s (ADA) recent analysis shows that after a strong bullish period, Cardano (ADA) is trading at $0.36. After a few days of ups and downs, the price is 11% higher than it was earlier this week when it hit a high of $0.31. However, technical analysis suggests that the price might fall in the foreseeable future. Cardano (ADA) is still 78% below its price in January 2022, and it will take a long time for the cryptocurrency to recover.
Solana’s (SOL) dramatic price increase may fade soon
After a seven-day surge that saw its value increase by more than 70%, Solana (SOL) got ahead of Polygon on January 15, pushing it to the tenth spot on CoinMarketCap’s list of top crypto assets by market cap. Solana (SOL) returned to the list pushing other well-performing tokens below, especially after the FTX collapse of 2022. The sentiment toward Solana (SOL) appears to have turned positive again, as its price has increased by roughly 135% since the start of 2023.
In the past week, the market value of Solana (SOL) has risen from $5 billion to nearly $9 billion. Further, Mamba, the co-founder of the Solana (SOL) project, stated that believers in the token’s progress bought the coins, leading to a dramatic price increase in just 15 days. The growth of Solana’s (SOL) ecosystem was paralleled by the birth of a new meme coin, Bonk Inu. Solana (SOL) is still much behind its all-time highs and the token’s future depends upon the overall investor interest, which may fade over time.
Snowfall Protocol (SNW) wins in terms of price gains
Though the market was experiencing a dip, Snowfall Protocol’s (SNW) value has been steadily increasing. Snowfall Protocol (SNW) has performed very well since it was launched in the crypto market, and investors have been keen on finding what’s next for the revolutionary token. Despite the decentralized system not yet being live, investors of Snowfall Protocol (SNW) have seen remarkable returns of 500% since the token’s first presale phase.
The final Stage of Snowfall Protocol’s (SNW) presale is presently active, and the token is being offered at a 400% premium over its Stage 2 prices. Snowfall Protocol (SNW) is an attractive investment due to its low price of $0.191, and the benefits it provides its users. Snowfall Protocol (SNW) is set to launch on February 3. In the months following the coin’s launch, investors may witness profits exceeding 5000% of their initial investment.
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. |
Solana Co-founder Talks About Altcoin Challenges, Polygon’s Blockchain To Undergo Hard Fork While Snowfall Protocol Alerts Investors About Scammers
Top crypto projects, including Polygon (MATIC) and Solana (SOL), have been working hard to complete advanced solutions brought by new projects like Snowfall Protocol (SNW). Investors have also become keener on which crypto projects they must invest in 2023.
Read ahead to know interesting happenings around these crypto projects.
Anatoly Yakovenko shares Solana’s (SOL) challenges and needed solutions while the price reaches $22.05
The Solana (SOL) community has been reviewing the challenges they face while trading on the platform. The co-founder of Solana (SOL) openly shared the drawbacks of altcoin. He discussed some of the major issues of Solana (SOL), like constant outages, certain levels of centralization, firm market corrections, etc.
He also mentioned that these issues have frustrated Solana (SOL) investors, which might lead them to withdraw their investments soon. However, he also pointed out that Solana (SOL) has recently implemented a 2nd validator built by Jump. It indicates that Solana (SOL) users will not face any issues if bugs attack one of the validators. Solana (SOL) also became the world’s 2nd altcoin that has more than one validator that works independently.
The promising solutions of Solana (SOL) platform have impacted its price positively. Solana (SOL) is selling with a live price of $22.14, which is a 34.21% increase within a day.
Polygon (MATIC) proposes a hard fork; the price goes 6.02% up
Polygon (MATIC) community will soon vote on its PoS blockchain’s hard fork proposal.
If the Polygon (MATIC) community approves it, the software upgrade will happen in January.
The Polygon (MATIC) hard fork will target two major issues that the project often faces: Reorgs or chain reorganization and gas fee spikes. Thus, Polygon (MATIC) hard fork will adjust the gas fee structure of the platform and reduce the fee during high chain activities. Additionally, the Polygon (MATIC) hard fork will assure proper transaction verification within a short time when the network experiences reorg.
The Polygon (MATIC) hard fork may boost the token price and offer better rewards to Polygon (MATIC) community members and validators. Polygon (MATIC) currently has a live price of $0.9718, which is 6.02% up in the past 24 hours.
Snowfall Protocol (SNW) calls out scammers to protect its investors’ money
Snowfall Protocol (SNW) has performed extremely well in its presale phases, which have attracted both investors and scammers. Snowfall Protocol (SNW) noticed a few fake websites that are trying to sell duplicate Snowfall Protocol (SNW) tokens.
Snowfall Protocol (SNW) Twitter handled immediately pointed this out through a detailed post. The post shared the original address for Snowfall Protocol (SNW) to help new investors recognize real Snowfall Protocol (SNW) tokens.
The post also mentioned that the official launch date for Snowfall Protocol (SNW) is very close, and the crypto project is available on the Binance Smart Chain network.
Snowfall Protocol (SNW) token has a current price of $0.191, which is predicted to grow by 5000% soon. So, buy in the Snowfall Protocol (SNW) presale from its official website and earn multiplied returns later.
Get in while you can and invest in Snowfall Protocol (SNW) today!!!
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. |
Binance Bold Move: Exchange Giant Aims to Attract Institutional Investors, Boost Market Stability
In response to concerns raised by the recent collapse of rival exchange FTX, the world’s largest cryptocurrency exchange, Binance, has announced a new strategy to attract institutional participation in the current market rally. The move comes as users have withdrawn billions of dollars from Binance and other cryptocurrency exchanges in the wake of the FTX incident.
Binance’s Move for Institutional Investors: Catherine Chen Remarks
In an effort to address concerns about the safety of assets on cryptocurrency exchanges and manage risks, Binance, the world’s largest cryptocurrency exchange, has announced a new strategy to attract institutional participation in the current market rally.
Catherine Chen, Binance’s Head of VIP & Institutional, stated that the company will now allow institutional investors to hold collateral for leveraged positions outside of the platform. This move is in response to pressure from clients to diversify on-exchange risks and to scale up further activities on Binance, as well as to the recent collapse of rival exchange FTX.
Binance Custody Marks An Entry
To further address concerns about the safety and security of assets on cryptocurrency exchanges, Binance has also launched Binance Custody, a separate legal entity registered in Lithuania. Through Binance Custody, institutional investors can post collateral in so-called cold storage, or wallets that are unconnected to the internet. This provides a secure and compliant way for institutional investors to trade on Binance.
With the recent surge in the value of cryptocurrencies, many experts believe that the market is on the verge of a new bull run, and Binance wants to ensure that institutional investors don’t miss out on this opportunity. To this end, the exchange is working closely with large financial institutions, offering services that meet their specific needs, such as secure cold storage and regulatory compliance. This will help to attract more professional and experienced investors to the market, ultimately leading to increased stability.
Binance is also launching new products and services that will appeal to institutional investors, such as new trading pairs and the introduction of new features like margin trading and short selling. These new products and services will make the cryptocurrency market more accessible to institutional investors and will help to increase liquidity in the market.
In addition, Binance is building strong partnerships with other companies in the industry, including other exchanges and companies that provide services such as custody solutions and trading platforms. By building these partnerships, Binance will be able to provide a more comprehensive service to institutional investors and will be better able to meet their needs.
Can Binance act as a catalyst for the next bull run?
Overall, Binance’s strategy to bring institutional participation to the current market rally is a smart move that could help to increase the stability of the market. By working closely with financial institutions, launching new products and services, and building strong partnerships, Binance will be able to attract more professional and experienced investors to the market. This will ultimately lead to a more stable market, which will benefit all investors, both institutional and retail.
While it is uncertain how the market rally will turn out, Binance’s strategy to bring more institutional investors to the market is a step in the right direction. It will not only increase the stability of the market but also increase the trust of the general public in the cryptocurrency market.
This could lead to more widespread adoption of cryptocurrencies and help to bring them into the mainstream. This move by Binance is also a clear indication that the exchange is taking steps to secure its client’s trust and assets. Furthermore, accounting firm Mazars halted work for Binance and other crypto firms on proof-of-reserves reports adding more pressure on Binance to secure its client’s trust and assets.
Why XRP Price is Failing to Reach $0.4- Have the Investors Abandoned 6th Cryptocurrency?
The markets have been notably bullish as the star crypto Bitcoin made a move beyond $17,000 after undergoing a squeezed trend below these levels for a long time. The bullish trend uplifted most of the popular altcoins beyond their respective resistance levels.
Ethereum price raised beyond $1300, Cardano price surged above $0.3, Shiba INU price is approaching $0.00001, etc but the XRP price continues to consolidate below $0.35.
The XRP price ranged high went the rest of the markets were withstanding significant bearish pressure. But no when the markets have turned bullish, the price remains consolidated within the same ranges.
Have the investors ditched XRP? Why the price is failing to reach $0.4?
Now its time for the Bitcoin price is required to hold for a while which may enable the XRP price to squeeze out bullish momentum that may result in the retest of the declining trend line. In case of a bullish breakout, the price may revisit the interim highs at $0.374 which is acting as the greatest hurdle at the moment. However, it appears to be pretty unlikely as the outlook for the asset is optimistic.
Therefore, investors need to be very cautious in entering long positions as a sudden selling pressure over the Bitcoin price could trigger a sell-off, erasing the past week’s gains. Moreover, if the XRP price breaks down below $0.33 it may invalidate the bullish outlook, paving way for the asset to revisit the lower support at $0.316.
BlockFi Makes A Move For Financial Disclosure: What Does This Mean for Investors?
BlockFi announced on its Twitter account that it plans to disclose its assets, liabilities, and statement of financial affairs (SOFA) with the Court on January 11, 2023. It will also publish details about payments made by the company to insiders and other parties before filing for bankruptcy. The company claimed that no member of the BlockFi management team has withdrawn any digital assets from its platform since October 2022.
As the company has filed for Chapter 11 bankruptcy, it is undergoing reorganization to work in the best interest of its stakeholders and clients. The firm reiterated that there is currently no set deadline for the settlement and that it will take time as FTX is also under trial. The US Department of Justice has seized 55 million shares of Robinhood worth $450 million, of which both FTX and BlockFi have significant claims.
In accordance with federal law for Chapter 11 bankruptcy, a meeting for the debtor’s creditors will take place on January 20, 2023, at 10:00 a.m. The debtor’s representative will attend the meeting under oath and creditors may choose to attend the meeting.
Tracing BlockFi’s Journey: What Happened In 2022?
When FTX collapsed in November 2022, many other cryptocurrency companies and users were severely affected, including BlockFi. Founded in 2017, BlockFi provides a range of products and services, including cryptocurrency-based loans and high-yielding savings accounts, to customers in the United States. Within three weeks of the FTX collapse, BlockFi also filed for Chapter 11 bankruptcy in order to reorganize its business and work in the best interest of its clients, investors, lenders, and creditors.
BlockFi stated that FTX owes them $1 billion, and in turn, BlockFi owes $275 million in USDC stablecoins to FTX. Following the FTX collapse, BlockFi has formed a grievance committee comprising mostly of its clients to inform and address the current proceedings of the issue.
The company has $256.9 million in cash, which is enough to provide liquidity. It has requested the court to allow it to continue its normal operational activities to maintain the business. Meanwhile, users have been advised to refrain from making any deposits on its platform for investment products.
Apart from BlockFi, Celsius Network and Voyager Digital also filed for Chapter 11 bankruptcy following FTX’s collapse.
The Crux of the matter: Is your cryptocurrency safe?
If you have bought cryptocurrency from BlockFi and stored it in your own non-custodial wallet, you may not need to worry about the bankruptcy of BlockFi as your crypto is safe with you. However, if you have kept it in BlockFi’s wallets, then you should be concerned as there is a high chance that you may not receive it back.
During a Chapter 11 bankruptcy situation, BlockFi’s priority is to provide compensation to its creditors and investors. Therefore, there is a high chance that they may liquidate assets from their wallets, putting your cryptocurrency ownership at risk.
The bad news is that your capital gains from digital assets are still taxable even if you cannot access your digital assets. The IRS treats cryptocurrency as property, and as long as you hold it, even if you can’t access it, you need to pay taxes on capital gains from it.
BONK Investors got Bonked! Will Solana Price Begin With Fresh Inverse Action?
The BONK price incepted the crypto markets with a blast and surged more than 300% in just a few hours. In a very less period, the Solana Shiba-INU-themed BONK gained huge attention which later impacted the SOL price which surged from a single-digit figure to as high as $13.60.
However, the BONK prices have now slashed heavily with the market experiencing a significant pullback along with Solana prices which have dropped by 3.45% and still counting.
The BONK price has been slashed by more than 70% from its highs in the past few hours, but displaying the possibility of a bullish reversal in the short-term. Therefore, the ascending consolidation may carry out for some time but may certainly not range heavily towards the upper targets situated above 50% from the current levels. Mainly due to the reason that the volume in the half-hourly chart has slumped hard. This denotes the lack of user interest since the early trading hours.
Presently, the bearish volume has intensified to a large extent and hence the price is also speculated to slice through these pivot levels and drop back towards the single-digit figure very soon. Meanwhile, the Solana price is struggling to hold above the crucial 50-day MA levels in the daily chart which is acting as strong support for the past few days. However, in the 4-hourly chart, the 200-day MA levels are still acting as strong support levels to hold on.
The price had reached the last point of defence around $7.96 and quickly rebounded to reach the interim high of around $14.14. After it marked the highs, the price is constantly consolidating within a very narrow range, but pointing towards the bottoms. In case of a bearish influence, the 200-day MA levels in the short term could act as a strong support level at $12.35.
If the Solana price successfully rebounds from these levels, then it may firmly head towards the immediate resistance at $14.94, else may drop below $10 again.
Binance Faced With Lawsuit Over Misleading Terra Investors
Binance, one of the largest crypto exchanges, faced a class action lawsuit on July 11, 2022, in the United States District Court for the Northern District of California.
This was the first lawsuit filed by US-based Roche Freedom LLP, claiming that Binance misled Terra network investors by portraying Terra’s dollar-based UST as more stable than it actually was.
Binance Misled Terra Investors
Furthermore, the lawsuit also claims that Binance.US is not an authorized organization and carelessly promoted UST as a safe stablecoin, which it was not. However, the company has denied the allegations and stated that Binance.US adheres to all applicable regulations.
Before Roche Freedom can test its accusations against Binance.US in court, the firm must convince U.S. District Judge Jacqueline Scott Corley that the lawsuit belongs in court, rather than in arbitration proceedings. Arbitration proceedings are a procedure where a dispute is settled by the intervention of a third party, rather than in court.
On January 4, 2023, Roche Freedom filed a brief against Binance’s move to force arbitration proceedings, which were filed by Binance in November 2022. The brief claims that there is no proof provided by Binance that crypto investor Michiel Nuveen, who is one of the arbitrators in the case, saw or accepted the arbitration clause.
Additionally, Roche Freedom claims that arbitration proceedings are fundamentally unfair to users or consumers, as they give rise to complex procedures and allow Binance to hold onto court proceedings.
The further proceedings will depend on what Binance has to say and on what terms both parties can agree.
Former CEO Of Celsius Network Sued For Defrauding Investors Out Of Billions
New York Attorney General Letitia James filed a lawsuit against Alex Mashinsky, former CEO of the bankrupt crypto lending platform Celsius Network, for defrauding investors – including 26,00 people from NY – out of billions of dollars worth of cryptocurrency.
According to the lawsuit, James argued Mashinsky repeatedly made false and misleading statements about the state of Celsius and its investment products. While promising people heaven, James noted Mashinsky delivered hell to Celsius investors knowingly.
Notably, Celsius lost millions of dollars to risky businesses that included crypto assets and did not reveal the company’s financial statements to the investors until the worst hit. Additionally, the lawsuit argues that the former Celsius CEO failed to register as a securities and commodities dealer let alone as a salesperson.
As such, the lawsuit wants the court to ban Mashinsky from doing business in New York and require him to pay damages, restitution, and disgorgement.
“As the former CEO of Celsius, Alex Mashinsky promised to lead investors to financial freedom but led them down a path of financial ruin,” said Attorney General James. “The law is clear that making false and unsubstantiated promises and misleading investors is illegal. Former CEO Of Celsius Network Sued For Defrauding Investors Out Of Billions.
Today, we are taking action on behalf of thousands of New Yorkers who were defrauded by Mr. Mashinsky to recoup their losses. My office will stay vigilant and ensure that bad actors trying to take advantage of New York investors are held accountable.”
Attorney General Condemns Crypto Companies Operating Like Celsius
According to Attorney General James, most of the Celsius deposits from New Yorkers were from people’s lifetime savings. While continuing to warn cryptocurrency traders to be careful with projects that promise hefty returns, James has urged employees in the blockchain industry to report businesses operating fraudulently.
In the past two years, New York Attorney General James has focused on crypto projects preying on people’s money. For instance, In September 2022, James sued Nexo Inc. for operating illegally and defrauding investors.
In June 2022, James warned New Yorkers about investing in cryptocurrencies after the market lost over $2.2 trillion in unregulated businesses.
In the same month, James reached a nearly $1 million settlement with BlockFi for offering unregistered securities.
The lawsuit comes a day after Judge Martin Glenn, the chief bankruptcy judge in the Southern District of New York, ruled Celsius can liquidate customers’ stablecoins to meet costs associated with case proceedings.
Snowfall Protocol Is Set To Launch Soon and Investors Have Already Made Major Gains, Shiba Inu And PancakeSwap Can’t Keep Up!
Snowfall Protocol (SNW) is set to launch soon and investors are already looking forward to new opportunities for major gains. Shiba Inu (SHIB) and PancakeSwap (CAKE), two of the most popular DeFi projects, will have a hard time keeping up with Snowfall’s potential returns. In this article, we interview experts on why Shiba Inu (SHIB) and PancakeSwap (CAKE) are not the best choices to invest in for the years to come.
Expert’s Opinion On Shiba Inu (SHIB) and PancakeSwap (CAKE)
“First off, Shiba Inu (SHIB) is a digital token that has grown in popularity due to its Shiba Inu logo and meme-style marketing campaigns. It is often referred to as ‘Dogecoin killer’ and has had a major surge in trading volume over the last few months. Despite being popular, Shiba Inu (SHIB) is still an extremely volatile asset with the high risk involved. Many experts like myself do not recommend it as a long-term investment due to its lack of any solid fundamentals.”
Experts clearly are warning against investing in Shiba Inu (SHIB). But what about PancakeSwap (CAKE)?
“When it comes to PancakeSwap (CAKE), it is also a digital token and has seen its own growth in trading volume. What sets PancakeSwap apart from Shiba Inu (SHIB), however, is its lower volatility and more established infrastructure. PancakeSwap (CAKE) is primarily used as an exchange platform to trade tokens on the Binance Smart Chain blockchain, and it has become one of the most popular decentralized exchanges (DEX) in the DeFi space. Despite its popularity, PancakeSwap is still not cross-chain compatible”
PancakeSwap (CAKE) has some flaws. However, there is still hope with Snowfall Protocol (SNW)
Why Snowfall Protocol (SNW) Has A 1000x Potential
Snowfall Protocol (SNW) is a cross-chain transfer ecosystem built for fungible and non-fungible tokens. It is capable of providing users with the ability to swap assets across the most widely used EVM and non-EVM compatible chains.
Snowfall Protocol (SNW) will be bringing millions of people on board to communicate with every blockchain and bridge the gap between the traditional financial system and cryptocurrencies. This is like how Noah’s Ark enabled animals of all kinds to cross the sea together.
Snowfall Protocol (SNW) has the potential to become a major player in the DeFi space, and its 1000x returns are already attracting investors. With its wide range of features, Snowfall has a real chance to revolutionize the DeFi industry like never before.
Final Thoughts
Snowfall Protocol (SNW) will be introducing a new cross-chain yield farming platform that many experts expect to bring massive return potential of up to 100Snowfall Protocol0x. This is one of the key reasons why investors are already placing their bets on Snowfall Protocol (SNW), as it provides an opportunity to not only generate returns but also to diversify their portfolio in the DeFi space. Shiba Inu (SHIB) and PancakeSwap (CAKE), on the other hand, are relatively high-risk investments with more volatility.
Snowfall Protocol (SNW) is set to launch soon and it has already witnessed major growth before its launch date of February 3rd. With the final stage ending in less than 30 days, investors are advised to jump on this opportunity and make major gains with Snowfall. 🚀👌 🤑💎
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. |
Institutional Investors Bet Against USDT: Bitcoin and Altcoin Trade Shift Is Quite Possible
At the beginning of 2023, the market participants believed that the crypto space may respond positively after being extremely bearish throughout the year 2022. However, the events that dragged the value of most of the cryptos lower may have a deep impact in 2023 too. Despite multiple bearish occurrences, the dominance of Bitcoin sustained close to 40%. Hence appears to be preparing for a large move in the coming days.
A bearish confirmation for USDT is about to flash that may also squeeze out the Tether dominance within the markets. Moreover, the pace of the expected plunge is believed to be pretty lower that may compel traders to shift their trade to Bitcoin and other altcoins very soon. Therefore, the BTC price along with popular altcoins is believed to grow for a while ahead.
If the USDT drops the ascending pattern and drops, then Bitcoin and altcoins are believed to grow together In fact, BTC price may steal the show with a gigantic rise and the altcoins are believed to enter the correction phase. Once altcoins have been accomplished with the correction phase, it will be when the BTC rally may begin.
Bitcoin & altcoins are speculated to print higher highs and lows, maintaining a significant uptrend as the money flow may be from Bitcoin to other altcoins.
This may attract players into the game as the market may be again under a euphoric run. However, the run is believed to be a short-lived one as the bearish wave is believed to outpower the bulls very soon. Therefore, after undergoing a bullish quarter though, Q1 2023, the following quarter could be largely bearish. However, the Bitcoin price is believed to mark new lows before igniting a giant bull run.
Neutrino USD Price, Orbeon Protocol (ORBN) Swarmed by Investors During Presale
The Neutrino USD token, or USDN, is a stable currency that operates on the Waves network. After a late 2019 launch, USDN has established itself as Waves’ go-to stablecoin. When compared to other stablecoins like Pax Dollar and TrueUSD, USDN comes in at number eight.
Meanwhile, it’s growing tougher to discover a cryptocurrency with a compelling use case. Now more than ever, investors are looking for investments with solid utility. Perhaps this is why the relatively new Orbeon Protocol (ORBN) has shown a 600% increase during the presale.
Orbeon Protocol (ORBN) is currently in phase 1 of its presale. Let’s start by looking at Neutrino’s price prediction.
Neutrino
As the value of Neutrino USD (UDSN) is fixed to the USD for the foreseeable future, this Neutrino USD price analysis looks at the token’s fundamental characteristics to make a long-term prognosis on its success or failure.
The Neutrino USD Network (USDN) is a technology for creating algorithmic stable currency. Neutrino USD (USDN) is a deflation strategy for DeFi-focused blockchain systems that may be used to produce stable currencies pegged to real-world assets or money.
Neutrino USD uses the developer-friendly RIDE programming language to generate smart contracts and distributed apps that are then deployed on the Waves platform. In addition, the Waves network relies on the Leased Proof of Stake (LPoS) consensus mechanism.
According to the data we have, investors in Neutrino USD (USDN) last year probably weren’t too thrilled with their gains. The past three months have seen USDN return less than average, and this week is following suit.
Predictions indicate that its price might open at $0.92 in 2023, which is a small increase above the expected closing price from the previous year. The Neutrino USD price forecast for 2023 is similarly dismal. Although the price of Neutrino USD hasn’t changed much, experts predict that it will fall to a low of $0.829 in 2023.
Orbeon Protocol Protocol (ORBN) Continues Attracting Investors in Presale
Orbeon Protocol (ORBN) is a new cryptocurrency with a mission to move the traditional venture capital industry into the blockchain era and democratize it. On the Orbeon platform, startups may go straight to regular people for funding instead of going via traditional funding channels.
This is possible because NFTs backed by companies’ business opportunity may now be fractionalized and priced as low as $1. These NFTs serve as a means of investing in the firm, and they provide regular people with access to the venture capital market.
Orbeon Protocol’s native token, ORBN, fuels a rich ecosystem with opportunities for ORBN holders. The presale has seen unprecedented interest in ORBN as a result of these incentives, which vary from staking bonuses to reduced transaction fees.
The presale for ORBN has seen the price increase by 655% so far, and it shows no signs of slowing down. Experts predict Orbeon Protocol (ORBN) to make massive gains in price by 6000% before the end of its presale period in January 2023. It is no surprise why savvy investors are now flocking to the Orbeon Protocol (ORBN) during the presale stage.
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. |
Chiliz Continues To Struggle In Current Market Conditions. Experts Guide Investors To HedgeUp To Diversify Portfolio
The crypto market suffered in 2022, and many cryptocurrencies experienced a decrease in their value. Towards the year’s second half, some cryptocurrencies started to regain their value, while others never recovered.
In times like this, it is essential to be careful when choosing cryptocurrencies. Tokens with low utility are not viable in the long run, and those with solid foundations or utilities are most likely to survive a downward spiral in the market.
Chiliz (CHZ) is one of those cryptocurrencies that have struggled a bit, even though it is slowly regaining its footing. Despite this, HedgeUp (HDUP) is a new cryptocurrency that promises to help investors create profits in 2023. Many experts have begun guiding investors to HedgeUp (HDUP) as an extra avenue to diversify their portfolios.
HedgeUp (HDUP) Helps Users Understand Alternative Investment
HedgeUp (HDUP) is a new cryptocurrency allowing investors to profit more in the alternative investment industry. Even though the crypto market is recovering from its recent crash, HedgeUp is a unique crypto ecosystem with many advantages for its investors.
The HedgeUp (HDUP) team have many professionals who have had knowledge of alternative investments for numerous years. These professionals will assist in guiding new users about alternative investments while showing them how they can earn from the market.
HedgeUp (HDUP) will also have its own DAO to govern investments, the liquidity pool, and any new developments within the HedgeUp market. It will promote fair play within the decentralized community. Each member of the HedgeUp community will have a chance to be a part of the DAO, which allows them to give their opinions concerning any HDUP plans and the advancement of the ecosystem. Many benefits are attached to being a part of the HedgeUp (HDUP) DAO, including voting rights that let them control the project.
HedgeUp (HDUP) is a shining light in a crypto market full of uncertainties. With its solid roadmap and viable utility, HedgeUp (HDUP) promises to be a leader in the crypto market. Its presale is a unique chance for investors to put their money into a project that will bring them more profit. As financial markets worldwide struggle, it is always wise to insure yourself against risks.
Chiliz (CHZ) Tries to Regain Lost Ground
Chiliz (CHZ) is a crypto platform that governs Socios, an entertainment network dedicated to giving sports supporters a say in the operations of their most loved sports companies. There are many fan tokens on the social website. These fan tokens ensure that sports teams and governing bodies can interact with fans and generate more income while they’re at it.
Chiliz (CHZ) uses blockchain-based technology to offer innovations to sports entertainment companies. With this, they can both earn and interact better with fans. Chiliz operated this way for a long time, enjoying moderate success before the crypto market crash of 2022.
Chiliz (CHZ) has struggled to stay above the dips in the crypto market, and for a few weeks during the World Cup, it did well. However, Chiliz (CHZ) still needs to improve significantly as the World Cup has ended. There is still a chance for this cryptocurrency to rise and return to the top of the market.
Even though investors may be distressed by Chiliz’s struggle in the crypto markets, experts have shown that there is still hope. HedgeUp (HDUP) is a new token to give investors hope in the current market conditions. Crypto analysts advise investors to invest in and diversify their investment portfolio with HDUP. The presale is ongoing, and it could be a perfect opportunity to purchase the token.
Filecoin And Apecoin Fail To Deliver As Investors Rush To Snowfall Protocol (SNW)
While the value of crypto assets such as Filecoin (FIL) and Apecoin (APE) has dropped dramatically, disappointing several investors, many lucrative opportunities still abound in the market. A good example is the Snowfall Protocol (SNW). Snowfall Protocol (SNW) is a fresh and intriguing cryptocurrency concept that many experts believe has a huge potential for rapid growth.
Snowfall Protocol (SNW) has recently recorded a price increase of more than 250% in a few days. And with a current price of $0.17, experts still predict a massive increase in the months ahead.
A Steep Slope For Filecoin (FIL)
The bearish market undoubtedly affected Filecoin (FIL), but other factors are also to blame for the token’s steep slide. The crypto project has been repeatedly accused of fraud and running a pyramid scheme. This has caused many investors to abandon ship searching for more solid investments.
Filecoin (FIL) has dropped 98.5% since reaching an all-time high of $237.62. The coin trades in the $2.94 to $3.08 range and ranks among the worst-performing cryptocurrencies. With zero bullish momentum, many investors have lost faith in the project. They are now searching for assets with good prospects. This is where Snowfall Protocol (SNW) comes into play.
Apecoin (APE) Fails To Meet Investors’ Expectations
Apecoin (APE) has an illustrious pedigree. The crypto asset was distributed via airdrop to the reputable Bored Ape Yacht Club and Mutant Ape Yacht Club NFT collections. Since then, Apecoin (APE) has become a crypto asset linked to the NFT community.
However, Apecoin (APE) has yet to establish a compelling use case. In that regard, it is most similar to meme coins such as Shiba Inu and Dogecoin. With no real use case, the value of Apecoin (APE) has been quite volatile. The crypto asset experienced several ups and downs over the last year and is currently trading at $3.55 – $3.66. While some experts continue to view ApeCoin (APE) as a long-term potential, others have sold their investments for better opportunities in Snowfall Protocol (SNW).
Snowfall Protocol (SNW) Jumps To New Heights
The revolutionary Snowfall Protocol (SNW) dApp prototype supports non-EVM, and EVM chains facilitate cross-chain asset exchanges (non-fungible and fungible) and provide many additional cutting-edge solutions.
Snowfall Protocol (SNW) sold out a day earlier in the second presale round. The third presale of Snowfall Protocol (SNW), which is now active, will also end in less than two weeks. And so far, the token’s value has increased by 400%. In addition,Snowfall Protocol (SNW) has sold more than 195 million tokens to date, and demand continues to grow.
When it launches on January 3, 2023,Snowfall Protocol (SNW) should rank top on the list for early investors eager in a project, raking in a significant return on their money. SNW tokens are presently priced at $0.14 a unit, and many experts believe that by 2023, it will be one of the tokens that creates a significant number of millionaires.
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. |
Bitcoin Investors May Be Entering Historic Accumulation Phase – Messari CEO
In an interview with the financial journal Barron’s, the founder and CEO of the cryptocurrency intelligence service Messari, Ryan Selkis, said that on-chain signals are now indicating a buy signal for Bitcoin (BTC).
According to Selkis, the Market Value to Realized Value (MVRV) indicator implies that investors are in the early stages of a long-term accumulation phase. This is because investors’ conduct is comparable to how it was when it bottomed out in past negative cycles.
MVRV is a metric that may be used to determine whether or not a cryptocurrency is currently overpriced. The MVRV-Z Score is applied to the “fair value” of a cryptocurrency, which is calculated by subtracting its market cap from its realized cap. The score then determines whether or not the cryptocurrency is now overpriced or undervalued.
As per Selkis, if the MVRV is over 3, it is time to sell Bitcoin immediately, and if it is below 1, it is time to begin collecting Bitcoin. This applies to the whole history of Bitcoin.
The Messari CEO said:
“Bitcoin is in a historic ‘buy’ range in terms of MVRV – only seen three times in the past decade: January 2015, December 2018, and March 2020. Where are we now? January 2015. December 2018. i.e., Sell-a-kidney-to-buy-more territory.”
The entrepreneur went on to predict that if Bitcoin were to reach parity with gold, investors would see a return of 25 times their initial investment, so there’s a lot to like about taking a 4% stake in digital gold for every ounce of gold they purchase. Bitcoin-gold parity would net us $500,000 at the current exchange rate.
How’s Bitcoin Doing Right Now?
Currently, one bitcoin is valued at around $16,650. The king of cryptocurrencies has been stuck around the $16,000 mark, with no major movement either way. Because market volatility is so low compared to historical norms, this is to be expected. Nevertheless, depending on the actions of BTC whales, we may see some promising rallies for digital assets in the near future.
An examination of bitcoin whale transactions in the month of December reveals a gradual decrease in whale interest in the cryptocurrency. This is in sync with the period’s low BTC price ranges, and the lack of volatility makes it more difficult to turn a profit.
The overall situation for Bitcoin is rather precarious. We have no choice but to keep our fingers crossed that we will soon reach the light at the end of the tunnel.
Cardano And OKB Price Drop Puts Fear In Investors As Flasko Skyrockets
Cryptocurrencies specifically continue to captivate and excite a vast number of investors. The Flasko presale has lately gained popularity among cryptocurrency enthusiasts, resulting in some Cardano (ADA) and OKB (OKB) investors transferring their investments to Flasko.
But why? Keep reading to find out if you should put Flasko in your investment portfolio in 2023.
Cardano (ADA) Keeps Losing Value
The eco-friendly software of the Cardano (ADA) system allows digital contracts and decentralized programs. The much-awaited Voltaire generation, which will usher Cardano (ADA) into its long-awaited fifth era, will supply the components needed for the Cardano (ADA) network to evolve into an autonomous entity.
The value of Cardano (ADA) has fluctuated much, like the prices of many other coins. It is currently downward, losing 16% of its worth in the last week and 20% in the past month. Cardano (ADA) may rebound when Voltaire launches next year. But investing in it at this time is not advisable.
OKB (OKB) Fails To Withstand Bear Pressure
The OKX’s native token, or OKB (OKB), was created by the OK Blockchain Foundation and accepted as its universal use coin. Investors in OKB (OKB) can receive various things, including reduced costs, voting privileges, and incentives and gifts.
OKB (OKB) recently saw a slight rise in value after Elon Musk followed the OKX exchange on Twitter. But that pump was short-lived as OKB (OKB) is currently trading at $21.88, a 7% drop in the last 24 hours. OKB (OKB) holders are beginning to migrate to other ventures with more profit potential.
Flasko (FLSK) Seen As A Hidden Crypto Gem
The 13.4 trillion dollars alternative investment market is promising for the Flasko team. It hopes to combine it with the NFT sector by creating a unique platform where fractionalized NFTs will be available for trading or purchasing.
The Flasko team will put a one-of-a-kind spin on it by underpinning these NFTs with fine whiskey, wine, and champagne bottles. Flasko will keep these bottles or casks in safe locations around the world.
By purchasing a full NFT, some investors may even get the real asset delivered to their homes. Amazing concept!
For those who wish to become VIP members, Flasko will provide three VIP tiers or Clubs as they call them: Whiskey, Wine, and Champagne club. With rewards ranging from a personal account manager available 24/7 to access to Flasko-sponsored wine-tasting events, becoming a Club member is a great deal!
Its presale is currently in Stage Two, with plans to begin trading on the popular exchange Uniswap soon. Its current price of just $0.111 will soar when that happens, so invest now and yield profit! Crypto analysts forecast it may even give you 20x the profit by April 2023.
Flasko has proven to be here to stay with a 33-year lock on liquidity and a Solid proof audit, so take a closer look by using the links below:
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. |
Sparklo (SPRK) Gets More Investors From Shiba Inu (SHIB) and ApeCoin (APE)
In the crypto market, ApeCoin (APE) and Shiba Inu (SHIB) are two blockchain-based projects that are popular. When they were launched, both started solid and profitable.
Now, with the weak market, ApeCoin (APE) and Shiba Inu (SHIB) investors are nothing but disappointed. With the continuous downward trend, investors are more interested in investing in other alternative investments like Sparklo.
Investors Are Not Interested In Shiba Inu (SHIB)
Most cryptocurrency investors feel unmotivated to invest in Shiba Inu (SHIB). That’s because Shiba Inu (SHIB) was a short-lived cryptocurrency.
Some cryptocurrency whales, such as Elon Musk, bought Shiba Inu (SHIB) tokens in massive amounts. After profiting, they sold their cryptocurrencies. As of now, nobody is interested in investing with Shiba Inu (SHIB).
ApeCoin (APE) Is Trapped In The Bear Market
ApeCoin (APE) project received a lot of positive attention with the increasing popularity of NFTs. There was a time when everyone wanted to become a member of the Board Ape club.
Currently, the hype for the NFT market has gone down, and the bear market is not doing good with cryptocurrencies like ApeCoin (APE). ApeCoin (APE) was once being traded at $27, but its current value of it is just above $4. Hence, investing in ApeCoin (APE) will not be an excellent decision to make until the bear market comes to an end.
Investors Should Think About Investing In Sparklo (SPRK)
Not all cryptocurrency projects are doing poorly now in the bear market. Some are stuck, but some are staying stable and strong. There are a few new initiatives in the market, and they are still in their presale stage. One example is Sparklo.
Sparklo is an alternative investment platform allowing people to invest fractionally in silver, gold, and platinum. Each investment will result in an NFT being minted and fractionalized.
The presale price of Sparklo is only $0.013, but this is expected to grow by 4,000% in the next three months. With this potential, there is no doubt Sparklo will become the next big thing in the crypto world.
To assure investors of how secure the investment is, Sparklo has been successfully audited by Interfi Network. Also, its liquidity is locked for 100 years, and the team tokens are locked for 1,000 days.
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company |
Sparklo Appears To Be An Attractive Investment for Solana And Avalanche Investors
With the ongoing turbulent market conditions, cryptocurrency investors are going through a series of struggles with finding the right cryptocurrency to invest in.
Back in the day, cryptocurrencies such as Solana (SOL) and Avalanche (AVAX) were able to impress investors. However, with the bear market, some investors are losing hope. This is why investors actively search for alternative investments such as Sparklo.
Solana (SOL) Is Finding It Difficult To Maintain Its Price
When Solana (SOL) was introduced, it was one of the fastest-growing blockchains. That’s because Solana (SOL) was developed based on the footsteps of Ethereum. This cryptocurrency can also impress users with some unique benefits.
However, the current market conditions for Solana (SOL) are terrible. In 2021, Solana (SOL) token reached almost $260. It is around $30 and is expected to stay the same for a while.
Avalanche (AVAX) Has Proven To Be A Failure
Avalanche (AVAX) was introduced to become an Ethereum (ETH) killer. The developers behind Avalanche (AVAX) had a clear understanding of the issues and bottlenecks of the Ethereum (ETH) cryptocurrency. However, the cryptocurrency could not even cause any threat to Ethereum (ETH). That’s because the decentralized applications or dApps created while keeping Avalanche (AVAX) at the base could not deliver any significant performance improvement to the users. Therefore, investors are not considering investing their money in Avalanche (AVAX).
Sparklo (SPRK) Will Be A Great Investment To Consider
Even though there are many failed cryptocurrency projects, it is also possible to find some promising cryptocurrency projects. Sparklo is a great example of such a promising cryptocurrency that is on the rise.
Sparklo, a new crypto protocol, will be an innovative alternative investment platform that allows users to invest and trade fractionalized NFTs backed by silver, gold, and platinum.
Sparklo has been successfully audited by Interfi Network, and its liquidity has been locked for 100 years.
Sparklo, currently in its presale stage, is priced at $0.013, and experts expect a 4,000% growth in early 2023.
Sparklo could be an opportunity to get into a future blue-chip cryptocurrency at an extremely good price point.
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. |
Avalanche And FTX Token Investors Rush To Buy Sparklo Presale
As cryptocurrencies, Avalanche (AVAX) and FTX Token (FTT) need to improve. The investors behind these cryptocurrencies are looking forward to dropping their investments to go ahead with alternative investments such as Sparklo.
Avalanche (AVAX) Failing To Recover
Avalanche (AVAX) gained much positive attention soon after its release. Many cryptocurrency investors actively spend their money to purchase AVAX tokens. However, it appears now that they are selling the cryptocurrencies that they have purchased. Avalanche (AVAX) project has failed to a level where it may be unable to recover.
The price of Avalanche (AVAX) was there around $1115 by late 2021, but the current price is rotating around $15.
FTX Token (FTT) Investors Are Looking Into Sparklo (SPRK) Presale
FTX Token (FTT) was able to create a cutting-edge cryptocurrency project. With FTX Token (FTT), users have a new method of getting their hands on alternative investments such as options, futures, and other cryptocurrencies. However, the declining market conditions of cryptocurrencies created a direct impact on the success of FTX Token (FTT). In 2021, the FTX Token (FTT) is $80. Now, FTX Token (FTT) is only $24.
Sparklo (SPRK) Will Be A Great Investment For Everyone
Even if the crypto market is performing poorly now, investors continue to invest in promising cryptocurrencies such as Sparklo. According to cryptocurrency experts, Sparklo will be one of the best investments anyone can venture into.
As a cryptocurrency protocol, Sparklo aims to be the first investment platform to allow its members to invest in gold, silver, and platinum bars. Each investment will result in an NFT being minted and fractionalized. If users purchase the entire NFT, they can have the real-world asset delivered to a location of their choice.
Aside from this, Sparklo will work with jewelry stores to help them bring their products to market. Additionally, Sparklo investors will benefit from first access to new products and discounts.
In its presale stage, Sparklo is priced at $0.013, and it is expected to increase massively in early 2023. With its prospected growth, Sparklo may become a blue-chip crypto.
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. |
Snowfall Protocol Is The New Favourite Among Investors While Trust Wallet Token And Neo Are Losing Base
The year 2022 has been a wild journey for digital currencies. The majority of cryptocurrencies, including Trust Wallet Token (TWT) and Neo (NEO), have been unsteady. Nevertheless, despite the chaos on the market, a few cryptocurrencies have succeeded in establishing themselves and garnering widespread interest. Snowfall protocol (SNW) is one such currency.
Snowfall Protocol (SNW) Becoming A New Favorite Among Investors
A blockchain-based solution, Snowfall Protocol (SNW), was developed to make communication across blockchains simpler. Snowfall Protocol (SNW) aims to remove the technical hurdles that exist between various blockchains and give consumers the same functionality to participate in their preferred projects.
The first cross-chain transfer ecosystem created for fungible and non-fungible tokens is the Snowfall Protocol (SNW). A dApp for the protocol allows users to trade assets across a majority of blockchains. A preview of the dAPP was just made available by Snowfall Protocol (SNW).
Despite being a new coin on the cryptocurrency market, Snowfall protocol (SNW) has already won the support of many. Over 100 million coins have been sold so far through the Snowfall Protocol’s (SNW) presale. The third stage of the presale for the coin is presently ongoing. The second stage of the presale for Snowfall protocol (SNW) sold out a day ahead of schedule and raised over $3 million. It is advisable for cryptocurrency fans to not miss out on purchasing Snowfall Protocol (SNW) coins during their presale periods.
Trust Wallet Token (TWT) is Trembling
A mobile cryptocurrency wallet, Trust Wallet Token (TWT), is accessible, open-source, based on Ethereum, and supports over 160K various assets and blockchains. Users can also stake their crypto assets for interest using Trust Wallet Token (TWT). However, the once-profitable Trust Wallet Token (TWT) has significantly decreased in value. With a $67 million trading volume over the course of a day, the current live Trust Wallet Token (TWT) cost is $2.22. This is 3.11% less than Trust Wallet Token’s (TWT) price on the previous day. Over 416 million Trust Wallet Token (TWT) coins are in circulation.
Trust Wallet Token (TWT) is losing cryptocurrency enthusiasts for a few reasons. Serious security issues have been raised in relation to the Trust Wallet Token (TWT). For individuals who are searching for a safe place to keep their digital assets, this is very concerning. Many people think that the Trust Wallet Token (TWT) group is not valuing security as highly as it should, given they have been slow to fix these security issues. Additionally, there are alternative products on the market that, along with greater security protocols, offer functionality comparable to that of Trust Wallet Token (TWT).
Neo (NEO) Losing Base
The price of Neo (NEO) has been rising during the past month. The cryptocurrency specialist for Neo (NEO) said that the price may test the conceptual round again at the beginning of this month. The current Neo price is $7.25 with $37 million in 24-hour trading activity. On the previous day, Neo (NEO) decreased by 0.71%. There are currently 70,538,831 Neo (NEO) coins in circulation.
However, there are some reasons that are pushing Neo (NEO) behind. First, cross-chain asset exchanges cannot be made possible on the Neo (NEO) network. Second, it lacks a compelling reason to hang onto its original token. Ultimately, Neo (NEO) simply cannot match the features offered by Snowfall Protocol (SNW). Simply said, Snowfall Protocol (SNW) is a better option since it has cross-chain abilities, bounties, and tokenomics that benefit holders. Despite having several iterations and improvements to its blockchain, Neo (NEO) hasn’t been able to generate a significant amount of demand. Thus, there is nothing that would set it apart from the competition.
Conclusion
Snowfall Protocol (SNW) is a far better investment than trusting Trust Wallet Token (TWT) or Neo (NEO), given the achievements of the former.
Get in while you can and invest in Snowfall Protocol (SNW) today!!!
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. |
Sparklo (SPRK) Presale Has Impressed Helium (HNT) And Hedara (HBAR) Investors
Cryptocurrency investors have been struggling a lot with their investments lately. Most investors who invested their money in Hedara (HBAR) and Helium (HNT) are quite disappointed in how their investments are performing. Instead of focusing on their failing investments, they are looking for alternative investments such as Sparklo.
Helium (HNT) Is Impressive, But It Is Currently Struggling
Helium (HNT) was a one-of-a-kind cryptocurrency project. Helium (HNT) allows users to create a wireless network, which is made out of multiple nodes for collecting data. To get involved in this, investors need to participate and buy Helium (HNT) hotspots. Then they can provide data based on their locations and continue to mine Helium (HNT) tokens.
The value of Helium (HNT) token increases up to $55.22 back in the day. However, it is currently trading under $5. Therefore, cryptocurrency investors who are looking for potential investments are encouraged to stay away from investing in Helium (HNT).
Hedara (HBAR) Investors Are Giving Up On Their Investments
Hedara (HBAR) was another unique project which offered an opportunity for anyone interested in becoming a decentralized app developer. A person who wishes to get involved in the project just needs to find a use case and proceed with developing a decentralized app around it. Hedara (HBAR) is offering the platform for developing that app. However, Hedara (HBAR) token is a victim of the current crypto bear market. The current trading value of the HBAR token is almost 76% less than the previous all-time high.
Sparklo (SPRK) Shows Positive Growth Potential
Cryptocurrency investors who wish to purchase rare and precious metals such as gold, silver, and platinum can now invest in Sparklo. This is quite an interesting cryptocurrency project which has been gaining attention recently.
Investors can invest in NFTs representing real luxury investments in platinum, gold, and silver bars. Additionally, it will work with jewelry stores to help them bring their products to market. With this, early investors will benefit from first access to new products and discounts.
Sparklo is currently in its presale stage, and the price is only $0.013. Experts believe that it will have a 4,000% growth in early 2023.
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. |
Ethereum And Cardano Strong Contenders for 2023, Investors Swarm Orbeon Protocol Presale
Ethereum (ETH) and Cardano (ADA) seem strong contenders for 2023, with their market share drastically increasing since the FTX collapse. However, one new project on the block, still in the third stage of its pre-sale, Orbeon Protocol (ORBN) is grabbing the attention of savvy investors, especially with analysts predicting the token to surge over 6000% to $0.24 per coin before the year’s end.
Why You Should be Following Orbeon Protocol (ORBN) Right Now
Orbeon Protocol (ORBN) is the cryptocurrency project that is set to disrupt the traditional crowdfunding and venture capital markets as we know them. Orbeon Protocol (ORBN) will do this through the use of fractionalized NFTs.
If a start-up company wants to raise capital in their early stages, they would have to use crowdfunding platforms like Kickstarter or reach out to specialized venture capital firms. However, Orbeon Protocol (ORBN) allows these startups to mint equity-backed NFTs, each representing an investment in the start-up. Users of the Orbeon Protocol (ORBN) ecosystem can then buy and trade these NFTs.
Not only does this allow retail traders to invest in promising start-ups from as little as $1, Orbeon Protocol (ORBN) also greatly reduces the fundraising costs for the start-ups, as it removes all middlemen.
The best thing is that Orbeon Protocol (ORBN) uses a ‘’Fill-or-Kill’’ mechanism. This mechanism ensures all investors get a full refund if the start-up fails to reach its funding goal within a pre-agreed timeframe.
The project’s native ORBN tokens are available now for presale, and investors can now still jump aboard at the price of $0.0302 per token, an increase of 655% compared to the initial token price of $0.004 during the first stage of the pre-sale.
The developer’s tokens are locked for one year and the liquidity pool of the project is locked for ten years with a smart contract audited by Solid Proof, ensuring no rug pull can take place.
Why Ethereum (ETH) is a Sure Pick for 2023
In Q1 2023, Ethereum (ETH) will launch its Protco Danksharding update, which will make L2 transactions exponentially cheaper. Apart from that, Ethereum stakers will also be able to withdraw their deposited Ethereum into the ecosystem directly.
On-chain data also reveals that the number of transactions on the Ethereum network keeps rising month after month and now rests at a 4-month high of 24,000 transactions. If these numbers continue like this, Ethereum is bound to take a fair share of market dominance as early as the beginning of next year.
The Reason Why Cardano (ADA) Belongs in Your Portfolio
Cardano (ADA) saw explosive growth from 2020 to 2021, clocking in at almost 18,000%. Although this year, Cardano (ADA) faced heavy backlash from the FTX debacle, Cardano (ADA) is still the third most developed crypto project according to GitHub statistics.
Cryptocurrency investors also argue that Cardano (ADA) is way more decentralized than Ethereum. In the end, Cardano has a minimum attack vector of 24 versus Ethereum’s 3. This means that it would take a significantly larger number of nodes to conduct a 51% attack on the network.
Although we might not see new all-time highs for Cardano (ADA) within the next couple of weeks, Cardano (ADA) still remains one of the top picks for mid to long-term cryptocurrency investors looking for a safe gain over the years.
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. |
Investors in Dogecoin And Decentraland Are Showing Interest In The Flasko Presale
There has been a lot of chaos in the crypto industry this year. With practically all cryptocurrencies falling 90% and the recent bankruptcy of popular crypto coins, choosing a good location to invest your money is tough. The charts for even the most popular cryptocurrencies, such as Dogecoin (DOGE) and Decentraland (MANA), are red, but experts have identified the ideal alternative: Flasko!
Let’s look at what Flasko offers and how it proves to be the best investment for 2023.
Dogecoin (DOGE) Might Experience Temporary Gains
Twitter and the digital currency known as Dogecoin (DOGE) are undergoing revolutionary changes thanks to Elon Musk, called “The Dogefather.” With Musk’s purchase of Twitter, the market value of the dominant meme coin jumped from $10.6 billion to a stunning $21.77 billion. Musk made the news in a Twitter Spaces post, finishing with “Dogecoin (DOGE) to the moon!” and then breaking into his typical erratic dancing moves in favor of the parody cryptocurrency.
Furthermore, having Dogecoin (DOGE) as Twitter’s default payment method may prove to be the last straw in the cryptocurrency adoption process. The news that Twitter contemplated adding support for Dogecoin (DOGE) boosted its value. Yet, experts claim that due to the lack of any real asset backing, Dogecoin (DOGE) ‘s rise is temporary.
Terrible Setbacks for Decentraland (MANA) In 2022
Despite a general uptick in the crypto market, 3D virtual real estate in the metaverse has not rebounded. The price of Decentraland (MANA)’s native token, Decentraland (MANA), dropped by more than 21.00% this year.
In light of this, Decentraland (MANA) investors have shifted their holdings to Flasko, which is expected to have a long-term positive trend and is regarded as the most lucrative real estate crypto asset for 2022 and 2023. Decentraland (MANA) is not expected to come back anytime soon, so investors in Decentraland (MANA) are shifting to Flasko.
Analysts Predict Huge Gains For Investors During The Flasko (FLSK) Presale
Flasko presale began several months ago, and early investors have already gained 500x their investment. Flasko is an upcoming NFT platform that will facilitate investors to purchase NFTs backed by tangible assets like bottles of expensive wines, whiskeys, and champagnes. Flasko will be the first investment platform of its kind.
A full acquisition of an NFT would result in the asset being delivered to the investors’ home without additional charges. Flasko presale token sells for merely $0.125, and experts estimate the price to grow beyond $5 by mid-2023.
Flasko is showing a lot of promise for 2023, which is why Dogecoin (DOGE) and Decentraland (MANA) investors are liquidating their investments for the Flasko presale.
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. |
Collect Fine Art Like Professional Investors With SmarterWorx
Are you an art lover looking to dip your toes into the world of cryptocurrency? Or a crypto enthusiast looking to diversify your portfolio with fine art? Either way, SmarterWorx has got you covered.
This innovative platform is perfect for art and crypto fans, bridging the gap between the real and digital worlds. Is it the next big thing in blockchain and cryptocurrency, like Axie Infinity or Shiba Inu? Let’s dive in and find out.
SmarterWorx – The Next Big Thing
The native token of the SmarterWorx platform is ARTX, built on the Ethereum (ERC-20) blockchain. With a supply of 1,000,000,000, ARTX is the first cryptocurrency asset in the world that is supported by real art, sculptures, and paintings.
The token’s value is directly linked to the value of the art pieces. This gives the token an intrinsic value and a floor price, which provides stability and security even during periods of market volatility.
Another notable feature of the SmarterWorx platform is its use of non-fungible tokens (NFTs) to represent unique art pieces. The platform allows users to buy, sell, and trade artwork securely and transparently.
Additionally, the platform creates connected collectibles and NFTs backed by physical assets such as fine art and other valuables. The platform securely stores the artwork and places it on its marketplace for you.
SmarterWorx also allows users to own a share of artwork. This means you can profit from the artwork’s appreciation without holding it physically. And as a token holder, you can earn staking rewards from selling NFTs on the platform.
Axie Infinity
Axie Infinity is a play-to-earn game that utilizes NFTs and cryptocurrencies to enable income-generation opportunities on the platform. The creation and use of “Axies,” or virtual creatures, in the game are funded by Axie Infinity’s native Ethereum-based money. Virtual beings, or “Axies,” are essentially NFTs that give participants proof of ownership.
Shiba Inu
Shiba Inu is a decentralized platform that is built on the Ethereum network. It employs the Proof-of-Work (PoW) consensus algorithm, which allows users to mine and earn SHIB tokens. This can be a great advantage for users who want to join the growing crypto community and earn rewards for their contributions.
During the spring of 2021, Shiba Inu began to gain popularity. This was due to the rise of the market and the attention it received from Elon Musk. After his SNL performance, SHIB saw a massive surge in value and became one of the most talked-about cryptocurrencies.
Conclusion
Whether new to art investment or an experienced investor, SmarterWorx offers a unique and exciting way to own and profit from your favorite art pieces.
Use discount code ARTX5 for 5% off your next purchase!
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. |
EOS And Solana Are Two Popular Cryptocurrencies But Investors Are Panic Selling And Investing In Snowfall Protocol
Cryptocurrencies are all the rage right now, and there are a lot of them to choose from. EOS (EOS) and Solana (SOL) are two of the most popular options, but investors are starting to panic sell in favor of Snowfall Protocol (SNW) after its dApp prototype was announced.
So what is Snowfall Protocol (SNW), and why are people so excited about it? Let’s take a closer look!
Snowfall Protocol (SNW) is a first-of-its-kind cross-chain transfer ecosystem built for fungible and non-fungible tokens. It allows users to swap assets across the most widely used EVM and non-EVM compatible chains, providing interconnectivity that was previously unavailable.
By connecting EOS (EOS) and Solana (SOL), two popular cryptocurrencies, Snowfall Protocol (SNW) provides investors with an easy way to get exposure to multiple blockchains without having to open multiple accounts or move funds between them.
Furthermore, Snowfall Protocol’s (SNW) dApp prototype has generated excitement due to its ability to reduce friction in cryptocurrency transactions by streamlining transfers and eliminating centralized exchange transaction fees. This means that now, EOS (EOS) and Solana (SOL) investors can benefit from lower costs when exchanging coins across blockchains, making the process of diversifying their investments more efficient.
This is like how a draw bridge connects two sides of a river, allowing EOS (EOS) and Solana (SOL) investors to easily move their funds between the two blockchains and enjoy the benefits of both without any hassle.
Why EOS (EOS) and Solana (SOL) Investors Are Panic Selling
As siloed blockchains, EOS (EOS) and Solana (SOL) do not have the same level of compatibility that Snowfall Protocol (SNW) has. EOS (EOS) and Solana (SOL) investors are panic selling in favor of Snowfall Protocol (SNW) due to its seamless cross-chain asset transfers, which offers them a higher degree of flexibility when diversifying their investments.
Final Thoughts
Snowfall Protocol’s native token (SNW) has already witnessed a growth of more than 250% since stage 2 and the price is now $0.095. Stage 2 sold out one day early and stage 3 starts now – it looks like EOS (EOS) and Solana (SOL) investors are taking notice of this impressive progress and now realize that Snowfall Protocol’s (SNW) dApp prototype has the potential to revolutionize the crypto space.
It will be interesting to see how EOS (EOS) and Solana (SOL) investors react as they become increasingly aware of Snowfall Protocol’s (SNW) true potential. Make sure to check out the official Snowfall Protocol (SNW) website to learn more!
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. |