In 2023, Ganja Guruz NFTs Could Outperform VeeFriends and BAYC in Growth Potential
The NFT and 3D universes are two major propellers of the cryptoverse’s popularity. Over the past few years, the cryptocurrency industry has experienced exponential and incredible growth. This growth is because of the huge popularity of the NFT universe and its adoption.
The metaverse continues to expand, and much credit for this goes to the NFT universe. NFTs, otherwise known as Non-Fungible Tokens, are digital art pieces that users of the metaverse may purchase to hold, stake, or resell. This subdivision of crypto has made thousands of individuals in the crypto space insanely rich.
The constantly evolving metaverse is always buzzing with news of the launch of new projects, coins, and NFTs alike. The amazing project BudBlockz has an NFT collection known as the Ganja Guruz. Ganja Guruz NFTs present amazing features and utilities that could cause them to outperform other popular NFTs like VeeFriends and BAYC in 2023.
Let’s see how the Ganja Guruz NFT collection can outperform its peers.
BudBlockz’s (BLUNT) Ganja Guruz Collection Set To Take The Number One NFT Spot In 2023
BudBlockz (BLUNT) is a new and innovative upcoming cannabis marketplace that will bring amazing opportunities to individuals in the space with its NFTs, known as Ganja Guruz. These Ganja Guruz are used to incentivize community users and members. It will also introduce them to a fractional ownership marketplace where they can own stakes in cannabis farms and dispensaries.
The Ganja Guruz collection is an insanely promising NFT project that will hit the metaverse in 2023. This 10,000-piece unique NFT collection has huge potential and will be available on leading platforms like OpenSea.
BudBlockz’s (BLUNT) NFT collection has a unique and diverse flair, as it possesses rich features that could change the NFT scene altogether. Holders of these Ganja Guruz will be granted premium access to special discounts and members-only incentives. Ganja Guruz is well on its way to owning the top position in the NFT marketplace due to its ties to the cannabis industry. This unconventional approach will keep it in constant demand as more individuals adopt cannabis.
The VeeFriends NFT Collection Continues To Increase Its Community
Created as GaryVee’s NFT collection, VeeFriends is a digital art initiative that brings characters into the physical world. It is the platform’s attempt at building a large community and putting the holders of the VeeFriends in charge of the community.
The VeeFriends NFT has continued to prosper and provided one of the most notable NFT membership use cases. Released in 2021, the VeeFriends brand encapsulates success, as it still has a huge fan following.
BAYC- The Poster Child For NFTs
Bored Ape Yacht Club (BAYC) is a digital art collection of 10,000 cartoon ape NFTs, and this collection has found a way to carry the industry on its shoulders. Over the last couple of years, BAYC has become the indicator and poster child for NFTs, just as Bitcoin is for the entire crypto market.
The BAYC NFTs are the collection that new projects emulate as they become invested in attaining the same level of success as the collection. Although the hype around the BAYC isn’t as high as before, it still maintains its spot as the most successful NFT project ever.
Although Ganja Guruz is a newcomer to the ecosystem, experts and whales alike have their eyes on this NFT. They say this collection embodies all it takes to overthrow top NFTs like VeeFriends and BAYC and become the number one NFT in 2023. Watch out for Ganja Guruz; it’s going to be big, and you don’t want to miss out!
Use promocode: BUYBLUNT for a 20% bonus on your purchase. Valid until January 31st.
To mint your own BudBlockz Ganja Guruz NFT visit: https://budblockz.io/nfts
Once on the page, click the “Mint Now” button and connect your
ERC20 compatible wallet. You will be able to mint your Ganja Guruz NFT for 0.09 ETH.
Purchase or learn more about BudBlockz (BLUNT) at the links below:
Official Website: https://budblockz.io/
Presale Registration:https://app.budblockz.io/sign-up
BudBlockz Community Links:https://linktr.ee/budblockz
Top Altcoin to Watch: With a 50x rally, this Layer-1 Token May Soon Outperform Bitcoin and Ethereum!
As the markets are turning a little bullish some of the altcoins are gaining significant gains. Among them is Avalanche (AVAX) which is believed to explode in the coming days. Crypto Bull and CIO of Morgan Creek Capital, Mark Yusko says Avalance (AVAX) has the potential to skyrocket by 50x in the next bull market.
In an interview, the veteran says that the popular smart contract platform may even outperform the entire crypto space.
“The key to investing in this ecosystem is diversification. Don’t pull all your eggs in one basket. You want to have a big chunk in Bitcoin. But if you think about it, if Bitcoin is as successful as we all think it will be, it won’t be the best performing, full stop.
Just because it’s the largest. It’s just the law of large numbers. You’re not going to go from $400 billion today-even if you go to $4 trillion, that’s a 10-bagger. Ethereum is at almost $200 billion – if it gets to $4 trillion that’s almost twice as much.
But if Avalanche actually becomes that intermediate layer, or becomes a bridge to connect Ethereum..it could be maybe 50x.”
Avalanche (AVAX) price is currently trading at $17.30 with a massive drop of 6.89% in the past 24 hours.
The AVAX price which was trading within a rising wedge, dropped down slicing through the lower support of the wedge. However, after undergoing a minor bearish action, the price has ignited a notable correction phase. As a result, the bearish influence is expected to fade quickly, but it may remain valid until the price rises above $18.
Ethereum To Lead The Bull Market in 2023 : ETH Price To Outperform Bitcoin
Ethereum’s price, along with that of several other cryptocurrencies, saw an increase to start the week. The leading alternative cryptocurrency has broken beyond the $1,300 threshold for the first time in a considerable amount of time.
At the time of this writing, one token is worth $1,325, which represents an increase of 1.9% over the course of the previous twenty-four hours and 3.8% over the course of the previous week. Many people believe that this will be the beginning of an extended bull run.
Analyst Thinks Ether Will Lead Bull Run This Year
Jiang Zhouer, a miner from China and the CEO/co-founder of Bitcoin (BTC) mining service B.TOP, predicts that the long-term consolidation of ETH, which began in June 2022 and has continued since then, will soon come to an end.
He went on to say that this narrowing of the range will come to an end between the months of March and May in 2023, after which the price of Ethereum will finally exit this region and begin a bull run.
He said that Ether would be the primary driver of the subsequent wave of bull market activity and that it would get a head start on Bitcoin’s price appreciation. The miner expects that the price of ETH will start to increase between two and four months later (that is, between March and May 2023), at which point it will definitely break away from the present Bottom range.
In his word:
“Looking at the data of Ethereum, the inflation rate was 3.59% when ETH was in Proof-of-Work (POW). Bitcoin’s inflation rate is 1.72%.”
Moreover, since macro signs are becoming favorable for risk markets in the medium term, Ethereum options traders have become more optimistic about the possibility of a price rise in the first three months of 2023.
According to the data shown by Glassnode, the bulk of the open interest in Ethereum contracts that will expire on March 31 is bullish, and the majority of the strike targets will fall somewhere within the area of $3,500 to $4,000.
Only time will tell whether the recent surge in the price of Ether is going to be sustainable or if this is yet another incidence of a bull trap.
Litecoin Poised for a Massive Upswing May Outperform Bitcoin & Ethereum Soon!
Bitcoin price has been constantly hovering around $17,000 for the past couple of days, while the Ethereum price is struggling to reach $1300. The market sentiments are presently uncertain, as the bulls and the bears both appear to be passive. Hence, it is compelling the markets to remain within the consolidated range. However, the trend is expected to manifest a diverse trend, as one of the primitive tokens, Litecoin, is closer to setting up a giant move to the north.
A widely followed crypto trader and strategist, Justin Bennett believes the Litecoin price rally is set to begin at the earliest and may even outperform Bitcoin too.
The LTC price is holding around the $30 support range and may rise towards its resistance zone at around $465 somewhere in 2023.
“I’m bullish on LTC in the short term, especially against BTC, but there’s no reason to think we won’t see this play out again in 2023,”
The Litecoin price is trading at $77.05 at the moment, while LTC/BTC pair is ranged up by more than 30% over the past 30 days and by more than 20% in the last 2 weeks.
Further moving towards Ethereum, the analyst believes that the second-largest digital asset by market cap is prone to drop heavily to reach local highs, repeating the past price action it underwent in the past month.
“I mentioned this to members yesterday, but ETH has formed a similar pattern to what we saw in late November.
Run the local highs to trap longs and then reverse,”
The analyst believes that the Ethereum price is on track to reach the local high of $1319, where it may witness a significant rejection towards the present support at $1240.
Tora Inu Can Outperform Dogecoin And Become The Meme Coin Of 2023
There is no way to dispute the fact that Dogecoin has been the cryptocurrency with the best performance in recent times. It profited from the controversial business mogul Elon Musk’s purchase of the social media network Twitter, and it is common knowledge that Musk is a supporter of the meme currency.
As a result, the value of dogecoin has increased by more than 80 percent in the last week. There was a time when it was much higher, but recent rises in SEC rates seem to be a factor that led in Dogecoin retracing its previous steps. Considering that DOGE’s growth has leveled down a little, are there any other meme currencies that have the potential to become the next great performer. The Tora Inu (TORA) has the appearance of being one.
The significance of Tora Inu
There is no doubting the significant impact that meme currencies have had on the cryptocurrency market, and this is true even if you believe they are not the most valuable kind of asset. They are nothing but unadulterated hype trains that are packed to the gills with jokes and foster a robust feeling of community. Dogecoin has been in the lead for a considerable amount of time, but now investors are searching for something else; they want usefulness in their joke currencies.
Up to this point, meme currencies have had no real practical use. On the other hand, the development of new concepts has been facilitated by the appearance of NFTs and the metaverse, in addition to other technological advances. Users may be given many different methods to produce cash and connect with the ecosystem via the usage of projects.
Tora Inu (TORA), one of the greatest instances of this, is a project that has a good chance of dethroning Dogecoin as we approach towards 2023. This is one of the best examples of this. It provides a large number of features that have the potential to hold users’ interest, and even more crucially, it has distinctive tokenomics that provide a great deal of value to the TORA token.
A “Play-to-Earn” game is available on Tora Inu, in which users pit their pets against those of other players in order to win prizes in the form of TORA and NFTs. Players are able to pit their pets against those of other players, and the results of these NFT battles may be leveled up to increase the dogs’ statistics. It is also possible to sell it in markets for NFTs.
In addition to this, Tora Inu will have a metaverse in which players will be able to communicate with one another. The purchase of land, which is something that has shown to be popular in previous metaverses, is another viable option to produce cash in this metaverse.
Users will have a greater interest in Tora Inu’s token burn and redistribution process than any other aspect of the platform. Burns take occur whenever network transactions take conducted, and the benefits are shared after each burn. This results in a decreased supply, which further contributes to a rise in value.
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 Tora Inu beta sale won’t start until phase 3 has been completed.
The rumors about Tora Inu are spreading like wildfire.
Tora Inu is unquestionably demonstrating that it is one of the most valuable assets available on the market right now, and this is before it has even launched some of the most significant things it will provide. A lot of exciting things are going to happen in the not-too-distant future, such as the metaverse and the publication of the NFT collection. Because of this, TORA has become both a meme currency to keep an eye on and an asset in general to keep an eye on.
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.
How To Use Kraken exchange ? Why Toon Finance New DEX Will Outperform CEXs ?
Cryptocurrency exchanges are growing in number and popularity as the demand for digital currencies increases. While some people view them as a necessary risk, others see the potential for massive profits through trading on these platforms. If you’re looking to get into the cryptocurrency exchange market, it’s essential to do your research and find an exchange that meets your needs. In this post, we will compare two of the most popular exchanges- Kraken and Toon Finance- and show why Toon Finance’s new decentralized exchange (DEX) will outperform Kraken.
What is CEX?
A cryptocurrency exchange is a platform that allows users to buy, sell, or trade digital currencies for other assets, such as traditional fiat currencies or other digital currencies. Cryptocurrency exchanges are online platforms that act as intermediaries between buyers and sellers of digital currencies. They can be decentralized, as in the case of Toon Finance, or centralized, like Kraken.
Benefits of CEX
CEX is a major Bitcoin exchange that allows you to buy, sell, and trade cryptocurrencies. The exchange has been in operation since 2013 and is one of the most popular exchanges available today. CEX offers a variety of features that make it an attractive option for users looking to buy, sell, or trade cryptocurrencies.
One of the major benefits of using CEX is the fact that it supports a variety of currencies. In addition to Bitcoin, CEX supports Ethereum, Litecoin, Dash, Bitcoin Cash, and Zcash. This makes it one of the most versatile exchanges available, as it allows you to trade a variety of different cryptocurrencies.
Another benefit of using CEX is the fact that it offers a variety of payment methods. In addition to traditional methods such as credit cards and bank transfers, CEX also supports many alternative payment methods, such as PayPal, Skrill, and Neteller. This makes it easy to find a payment method that works for you.
CEX also offers some features that make it an attractive option for traders. For example, the exchange offers margin trading, which allows users to trade with leverage. This can be a great way to increase your profits, but it can also be risky if you don’t know what you’re doing. CEX.io also offers several other features, such as stop-loss and limit orders, which can help you minimize losses.
Disadvantages of CEX
Although CEX is a popular exchange with many features that make it an attractive option for users, there are also a few disadvantages to using the exchange. One major disadvantage of CEX is that it charges fees for both buying and selling cryptocurrencies. The fee structure is a bit complex, but generally speaking, you’ll pay a higher fee if you’re trading with leverage. In addition, CEX also charges withdrawal fees, which can be quite high depending on the payment method you’re using. Another disadvantage of CEX is the fact that it doesn’t offer all of the same features as other exchanges.
Toon Finance – A New Decentralized Exchange
Toon Finance is a new decentralized exchange that is built on the Ethereum blockchain. Toon Finance is designed to be a more user-friendly and efficient alternative to traditional centralized exchanges. Toon Finance offers several advantages over centralized exchanges:
- Toon Finance is decentralized, meaning that any single entity does not control it. This makes it less vulnerable to hacking and manipulation.
- All transactions on Toon Finance are conducted on the Ethereum blockchain, which is much faster and more efficient than traditional centralized exchanges.
- Toon Finance does not require users to create an account or go through Know Your Customer (KYC) procedures. This makes it much easier and faster to use than traditional exchanges.
Toon Finance is the perfect solution for those who want a fast, efficient, and secure way to trade cryptocurrencies. Additionally, Toon Finance’s decentralized nature makes it an ideal platform for those who want to avoid the high fees and restrictions associated with traditional centralized exchanges.
How To Start Using Toon Finance New DEX?
Toon Finance is a new decentralized exchange (DEX) that will launch soon. The Toon Finance team has been working hard to create a platform that is easy to use and provides all the features that users need.
The Toon Finance platform will be launched on the Ethereum mainnet. To start using Toon Finance, you will need to have an Ethereum wallet that supports ERC20 tokens. We recommend using MetaMask or MyEtherWallet.
Once you have an Ethereum wallet, you will need to deposit some ETH into your account. You can do this by sending ETH from your personal wallet to the Toon Finance smart contract address. The minimum deposit amount is 0.1 ETH.
The Difference Between Centralised and Decentralised Exchange.
The main difference between CEXs and DEXs is that CEXs are centralized, while DEXs are decentralized. This means that CEXs are subject to the whims of a single entity, while DEXs are not.
CEXs are centrally controlled by a single company or organization. This centralization has several advantages, such as allowing CEXs to offer more features and liquidity than DEXs. However, it also comes with a number of disadvantages.
The most significant disadvantage of using a CEX is that users must trust the exchange with their funds. This is because CEXs hold users’ funds in custodial wallets, meaning that the exchange controls the private keys. If the exchange is hacked or goes bankrupt, users could lose their funds.
Toon Finance is a new DEX that aims to offer the best of both worlds: the security and trustlessness of a DEX with the features and liquidity of a CEX. Toon Finance is built on the Ethereum blockchain and uses smart contracts to facilitate trades. This means that users retain control of their private keys at all times, and there is no need to trust the Toon Finance team with your funds. Toon Finance is the perfect solution for those who want to trade cryptocurrencies safely and securely. Additionally, Toon Finance’s use of smart contracts means that it is able to offer a number of features that are not available on other DEXs.
Click here to access the presale interface or find out more here:
Presale: https://buy.toon.finance/
Website: https://toon.finance/
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 (SNW) Is Set To Outperform Pancake Swap (CAKE) And Binance Coin (BNB)
Two of the more popular cryptocurrencies, Binance Coin (BNB) and PancakeSwap (CAKE), are competing with the new crypto project Snowfall Protocol (SNW) as investor favourites, so we look at all three.
Snowfall Protocol offers a more comprehensive and robust offering than these coins, and the market is reflecting this. More growth can be expected as the Snowfall rollout expands.
PancakeSwap (CAKE)
Pancake Swap has gone through its share of market fluctuations, like hitting an all-time low two months after its release. The crypto market is rough, and many low-level offerings go through bearish situations. Pancake Swap (CAKE) is a decentralized exchange (DEX) with an automated market maker (AMM). The crypto platform also provides lotteries, staking, and more.
Over the past week, CAKE has been trending on the watchlist of some investors. The market seems to be responding to PancakeSwap (CAKE) for the time being.
Binance Coin (BNB)
Binance Coin (BNB) is the token of the Binance crypto exchange. Binance is amongst the larger exchanges working right now. The exchange’s success has also meant that the Binance coin (BNB) is also successful.
The success of Binance can be attributed mainly to its low fees. The Binance exchange offers some of the lower rates compared to other exchanges. The BNB coin has practical advantages like discounts on trading charges and various other discounts.
As the acceptance of crypto coins grows globally, BNB coin is ready to rise along with the demand for cryptocurrencies.
Snowfall Protocol (SNW)
Snowfall Protocol (SNW) has several features that make it an attractive investment opportunity. Snowfall Protocol (SNW) offers investors unique earning opportunities that eliminate the need to pay high transaction costs for each transaction. The platform will gradually help users build a steady stream of passive income, even if they have very few coins to burn. The system is thus entirely sustainable for smaller investors. An ingenious Snowfall Protocol (SNW) supports users in maintaining a diverse portfolio of assets.
Snowfall is unique because it allows users to deposit their coins and use them as collateral for borrowing at low costs. This means that users can build a passive income without losing their tokens. In addition, Snowfall Protocol borrowing rates are some of the lowest around, making it much more profitable to use the Snowfall platform for staking tokens.
Bottom Line
2022 hasn’t been the best year for crypto investors, with most investors seeing the overall size of their portfolio shrink as the year progresses.
However, what is being noticed is that despite the market downturn, crypto projects with robust offerings like Snowfall Protocol (SNW) have shown great strength in recent months, proving that they are still worthwhile and reliable investment options in the cryptocurrency world.
Click the links below to learn more now!
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Presale: https://presale.snowfallprotocol.io
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.
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Maker and Monero Are Top Gainers But Snowfall Protocol Could Outperform Them Both!
Cryptocurrencies have had a wild ride in the past few weeks, with Maker (MKR) and Monero (XMR) being among the top gainers. However, Snowfall Protocol (SNW) could outperform them both! Here’s why you should consider buying SNW tokens.
Why Snowfall Protocol Will Be A 1000x Token
When it comes to cross-chain compatibility, Maker (MKR) and Monero (XMR) are both lagging behind Snowfall Protocol (SNW). With Snowfall Protocol (SNW), you can trade any ERC-20 or non-ERC20 token on any blockchain!
This is a game-changer because it opens up a whole new world of possibilities for cryptocurrency traders. For example, Monero (XMR) is currently stuck on its native blockchain and can’t be traded on other blockchains. The same can be said for Maker (MKR) as it’s not compatible with any other blockchain than Ethereum.
But with Snowfall Protocol (SNW), you could easily trade Monero (XMR), Maker (MKR), or any other cryptocurrency on any blockchain! This is because Snowfall Protocol (SNW) is the most efficient cross-chain transfer ecosystem built for fungible and non-fungible tokens.
What’s more, Snowfall Protocol (SNW) is also one of the most user-friendly protocols out there. Their dApp enables users to swap assets across the most widely used blockchains with just a few clicks.
Lastly, Snowfall Protocol (SNW) is building the highways needed for millions of people to communicate to every blockchain. This will allow for the mass adoption of cryptocurrency and could make Snowfall Protocol (SNW) the go-to protocol for cross-chain compatibility.
So, if you’re looking for a protocol that has the potential to be a 1000x token, then Snowfall Protocol is one to watch out for.
How To Invest In This 1000x Opportunity
Snowfallprotocol.io (SNW) has seen a growth of 80% at the beginning of its presale stage due to its unique bridging model. Some experts are saying that Snowfall Protocol (SNW) has the potential to grow by 5000% before it is even launched.
The price of Snowfall Protocol (SNW) is now $0.009, and you can get in on the presale with this link: https://presale.snowfallprotocol.io
Final Thoughts
Maker (MKR) serves the purpose of cross-chain collateralized debt positions, synthetic assets, and decentralized exchanges while Monero (XMR) is a private, untraceable digital currency. However, Snowfall Protocol has the potential to connect all these dots and be the go-to protocol for cross-chain compatibility.
Market experts agree that Maker (MKR) and Monero (XMR) are both excellent projects but the real winner is Snowfall Protocol (SNW). By getting in early, you could see your investment grow by 1000x or more.
For more information about Snowfallprotocol.io’s (SNW) Pre-sale
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Presale: https://presale.snowfallprotocol.io
Twitter: https://twitter.com/snowfall coin
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.
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Chainlink To Outperform Bitcoin In Coming Days
Yesterday, i.e., 13th of October, Bitcoin flipped its price trade with the release of the US Consumer Price Index (CPI) data for September which turned out to be negative.
Yesterday, Bitcoin had even hit a four-month low of $18,140 on major exchanges before surging back to $19,500. At the time of reporting, Bitcoin is trading at $19,677 after an upswing of 4.44% over the last 24hrs.
Now, a well-known crypto analyst and strategist, Benjamin Cowen, claims that one of the Ethereum (ETH) based altcoins is about to outperform Bitcoin (BTC).
Read on to know which one it is!
Chainlink’s Market Dominance
In a recent interview with Altcoin Daily, Cowen portrayed a bullish stance toward Chainlink (LINK). He explains that while he claims that Bitcoin’s dominance should rise, there will always be a few altcoins that will end up outperforming Bitcoin. He then says that if history repeats, at the end of every bear market and accumulation phase which happens just before the next bull run, Chainlink is the one that needs to be watched by market participants.
As per the analyst, many projects have seen an integration of decentralized blockchain to support smart contracts and protect the data. However, he believes that even though the project is gaining stability, it is not affecting the price rise. He is of the opinion that Chainlink has been a support system for most of the cryptocurrencies and says that the network provides real-time data.
He asserts that Chainlink is not a great project due to overall market volatility and the present bear market. However, he remains positive and bullish about Chainlink’s future because of its fundamentals, which ultimately influence the price action.
Further, he briefs that the one thing that he is looking forward to in the upcoming months is how Chainlink will perform against Bitcoin if the Fed continues to increase the interest rates.
At the moment, Chainlink is selling at $7.12 with a surge of 7.88% over the last 24hrs.
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This Lesser Known Meme Coin Initiate A Bullish Rally! Will It Outperform SHIB and DOGE?
Memecoins have gained so much popularity in the crypto industry due to attracting names, social hype and celebrity influence. Shiba Predator (QOM), which is built on the Ethereum mainnet, has become one of the favourite memecoins of crypto enthusiasts. It seems this new memecoin has the potential to surpass the market leaders, including Shiba Inu and Dogecoin, as it has recently broken out its crucial resistance level at $0.00000004.
Shiba Predator Gains The Crypto Market’s Attention!
Shiba Predator has gained the trust and attention by bringing a ray of hope to investors during the crypto winter. QOM recently surpassed its resistance level at $0.00000004 and tried to break the next resistance level at $0.0000000445; however, it faced rejection at $0.0000000434 and significantly dropped, making an immediate support level at $0.00000004 in the price chart.
QOM secured a weekly support at $0.0000000408 after its price fell over 50% in September. Despite the current market sentiments, QOM looks promising as it aims to cross the $0.00000007 price in the upcoming weeks. QOM’s potential to break its resistance level and start a bull run with an uptrend of 17% looks overwhelming compared to its small market cap of $24 million.
Shiba Predator To Bring A Wave Soon
QOM attempted to break its potential resistance level at $0.0000000750 on 18 July but failed to make a breakout, pushing its price down to $0.0000000440. Since 21 September, QOM has been exponentially moving upwards and currently trading at $0.0000000411.
Looking at the daily (1 day) QOM price chart, QOM is trading above the EMA-20 and EMA-50, indicating a bullish momentum soon. The RSI is also showing a positive momentum for Shiba Predator as it has retested the 50 level and is currently trading at 53. To start a bull run, QOM needs to hold its price above $0.0000000532 with a significant market cap which will facilitate the memecoin to move towards $0.0000000780. Conversely, its price can fall if it breaks the support level at $0.000000032.
Shiba Predator is following the trails of the kings of memecoins, and it has an incredible potential to hit new highs in the future. However, QOM’s future prices entirely depend on its social hype and the crypto market’s sentiments. It is advised to do research and conduct experts’ opinions before investing in such memecoins as they are not considered a stable crypto investment option as the bubble can burst anytime.
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XRP, MKR Outperform Bitcoin Ahead Of Core PCE Data Release
The cryptocurrency market, which had been trading on a bullish note for most of the day, has yet again landed in the red zone. Bitcoin and Ethereum have dropped by 0.25% and 0.52%, respectively, in the last 24hrs. By default, this has caused most of the other large-cap cryptocurrencies to dip as well.
Currently, Bitcoin is valued at $19,439 and Ethereum is selling at $1,331 with a market cap of 373.4 billion and 163.8 billion. However, all hope isn’t lost; if the lead currencies manage to surge above $19,600 and $1,350, there are possibilities for a bull run.
XRP Tops The Charts
The sixth-largest cryptocurrency by market cap, XRP, has emerged as a victor in the crypto space today after the court passed an order against the US Securities and Exchange Commission (SEC) in the XRP lawsuit. The US District Court has ordered SEC to submit the documents that are related to a speech made by former SEC director, William Hinman in 2018.
This move by the court has raised hope among XRP traders and the community members for a quick resolution of the long-running Ripple vs SEC lawsuit. The momentum immediately pushed Ripple’s native currency XRP price up by more than 12% in the last 24hrs and nearly 50% over the last 30 days.
However, with Bitcoin plummeting, XRP has slightly plunged and is trading at $0.47 with a surge of 9.10% over the last 24hrs.
In addition, MKR, the governance token of peer-to-peer lending firm Maker has gained a three-week high level. The bullish action by MKR is seen after Gemini, a crypto exchange’s co-founder Tyler Winklevoss proposed a three-month marketing incentive plan for Maker. This plan will see Gemini paying a fixed annual interest of 1.25% on the overall GUSD balance in MakerDAO.
However, it’s also important to note that the Federal Reserve’s inflation indicator, the Core Personal Consumption Expenditure (Core PCE) for August is scheduled to be published today, i.e., September 30 at 12:30 GMT. The market is expecting the core PCE to increase by 0.5%. If this is true, the market will face tough times yet again.
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These Ethereum Killers To Outperform Ethereum In The Next Bull Cycle – Raoul Pal
A popular market expert, Raoul Pal, has put forward his analysis of an Ethereum (ETH) competitor expected to outperform other cryptocurrencies in the upcoming bull market.
During a Q-n-A session, Raoul, a Macro expert, and former Goldman Sachs executive claimed that a few Ethereum competitors are expected to make the most of the next bull run amidst increased crypto adoption.
The analyst, who has 48.4K Youtube subscribers, asserts that ETH competitors such as Solana, Avalanche and others will benefit the most. As per Pal, initially, Ethereum will lead the altcoin market and then its competitors will take over.
He adds that most layer-1 blockchains will follow Ethereum’s actions of 2020 and 2021, which will push them to become one of the most prominent chains. He also says that among many other Ethereum competitors, Solana will be the most exciting to watch.
The former executive further says he is closely watching the Solana and Ethereum pair (SOL/ETH) as he believes this pair will form a bullish momentum.
He then talks about the DeMark indicator which points towards the directional trend of a currency by comparing the maximum and minimum price to that of earlier cycles. He says that this indicator is displaying bullish signals for SOL/ETH.
He explains that this doesn’t mean that Solana will be bigger than Ethereum, it just means that SOL might outperform Ethereum in this particular cycle.
At the time of publication, Ethereum is selling at $1,360 with a surge of 4.17% over the last 24hrs and Solana is trading at $32.39 after an upward movement of 3.90% over the last 24hrs.
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Top ‘Ethereum Killers’ are Due for a Massive Explosion! Will they Outperform Ethereum In the Coming Rally? – Coinpedia – Fintech & Cryptocurreny News Media
Bitcoin price struggled at around $20,000 for quite a long time and dropped below $19,000 for a while. In the times when the prices were believed to plunge below $18,000, the star crypto quickly flipped from the bearish trend and now trading close to $21,000.
Meanwhile, the second-largest crypto, Ethereum also surged above $1700, inducing significant bullish momentum in all the major altcoin, including the Ethereum Killers.
Polygon (MATIC)
One of the popular Layer-2 chains built alongside Ethereum is constantly flashing bullish signals ever since the price rebounded from the lower support. The asset maintains its trend within an ascending triangle and appears to go parabolic to test the upper resistance.
The MATIC price surged from the June lows and raised high to test levels close to $1, but failed eventually and faced a massive rejection. However, the price has regained its grip over the bull market and hence could continue with a significant upswing for the next 24 to 48 hours. With the next leg up, the asset could be primed to surpass $1 and also test the pivotal resistance at around $1.175.
Solana (SOL)
Solana’s price which intends to compete with Ethereum within the DeFi & smart contract space has been dragged from riches to rags in the past 8 to 10 months. While the asset also remained largely passive without attempting a strong rebound. However, after remaining stagnant for a while, the SOL price quickly ignited with a significant recovery.
The SOL price maintained its trend within a rising parallel channel for nearly 2 months. However, an extreme bearish action dragged the price lower to reach the September bottoms at around $30. However, the price is experiencing a significant upward movement since the early trading hours and hence may continue with the parabolic recovery to reach the neckline at around $47.17.
Cardano (ADA)
Cardano’s price in the past couple of weeks has maintained a significant upswing and reached the $0.5 resistance level. No doubt the asset faced a strong rejection, but the price is rebounding finely, withstanding all the bearish pressure. The price may again head towards $0.5 and primed to face a rejection.
However, as the Vasil Hard Fork approaches, the ADA price may rise, nullifying the impact of the rising wedge. Just before the event, the price may begin to face a huge bearish impact and could slash hard below $0.5. The hard fork may induce significant bullish momentum that may assist the price to rebound finely beyond $0.5.
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Bloomberg Analyst Predicts When Bitcoin Will Outperform Stocks – Coinpedia – Fintech & Cryptocurreny News Media
After reaching an all-time high of $69K in November 2021, Bitcoin has been suffering from intense bearish pressure. The cryptocurrency has also encountered some difficulties over the last 24 hours as it lost the $19,000 mark.
Therefore, the coming days will probably be very important for BTC in the short term.
A Mid-Year Crisis
The trade analyst forecasts that despite challenges for high-risk assets, Bitcoin will make a robust recovery from the current market.
Given the outlook for the crypto asset midyear prognosis, Bloomberg analyst Mike McGlone has deemed Bitcoin (BTC) a “wild card” that is “ready” to surpass once mainstream stocks have reached their bottom.
McGlone explained in a post on Linkedin and Twitter on September 7 that the direction of the stock market would probably be determined by the United States (U.S.) Federal Reserve’s tightening and Bitcoin remains a “dark horse candidate” that could buck the trend.
“Bitcoin is a power play that is more likely to outperform when stocks hit their downtrend, but it is also transitioning to resemble gold and bonds.”
In a report published on September 7th, the commodities strategist provided additional information and indicated that despite a “major barrier” facing the high-risk assets, Bitcoin was poised to make a dramatic recovery from the bear market.
“The fed funds index often leans toward reductions over time, and when it does, Bitcoin is positioned to benefit most”.
BTC In Congruence With Gold?
According to the report, Ethereum (ETH) has a better association with stocks, whereas Bitcoin tends to move in the same direction as treasury bonds and gold.
In addition to multiple significant interest rate increases during 2022, the Federal Reserve has escalated its quantitative tightening. The most recent rate jump was a 75 basis point increase on July 27.
Potential Game Reversal in 2023
Bloomberg reported in August that although the specific timing of the Fed’s quantitative tightening is unknown, some economists predict the endgame would be apparent by 2023.
Quantitative tightening is a contractionary monetary policy instrument that central banks employ to lower the level of money supply and liquidity in an economy, which can lower spending across markets, such as stocks.
However, despite Bloomberg’s upbeat assessment, other analysts think that there is now a stronger correlation between Bitcoin and the equity markets- something which was not seen before.
Additionally, well-known trade analyst Michal van de Poppe recently claimed that the correlation between the S&P 500 index and Bitcoin was getting close to 100%, and several IMF economists asserted that in some parts of the world, the correlation between cryptocurrencies and equity markets had increased by 10X.