Acceleration of Bitcoin Spark’s ICO in Bear Market Could Mean Massive Profit
With the next anticipated crypto bull run quickly approaching, many investors are looking for the best crypto to invest in. On that note, market observers suggest that the breathtaking acceleration of Bitcoin Spark’s Initial Coin Offering (ICO) in the bear market could mean massive profits.
When is the next crypto bull run?
Many in the crypto community are looking towards the upcoming Bitcoin halving event, which is predicted to occur in 2024, as a potential catalyst for the start of the next crypto bull run. Bitcoin halvings reduce the rate at which new Bitcoins are created, and with each halving, scarcity increases, and demand tends to surge, leading to price increases. Historically, Bitcoin halvings have been pivotal moments that trigger significant price rallies for the entire crypto market.
What is Bitcoin Spark?
Bitcoin Spark is the latest Bitcoin Fork. It has gained attention for its ability to preserve Bitcoin’s history by maintaining a limited supply of 21 million coins while introducing a range of innovative features that position it as a pioneer of the next generation of crypto.
The Bitcoin Spark blockchain will have a shorter block time, enhanced transaction capabilities per block, and a substantially larger number of nodes than Bitcoin, ensuring faster and more cost-efficient transactions.
Additionally, the blockchain will have a multi-layered infrastructure that includes a smart contract layer with separate execution systems that all reach finality on the main network. This ensures scalability and allows for a variety of high-level and low-level programming languages, encouraging diversity in the smart contracts and decentralized applications (Dapps) within the ecosystem. Bitcoin Spark has successfully passed multiple smart contract audits, indicating the sustainability of its network.
Furthermore, Bitcoin Spark uses a revolutionary consensus mechanism known as the Proof-of-Process (PoP). This mechanism non-linearly rewards miners for confirming blocks and contributing their processing power to the network. The nonlinearity of rewards and extensive node network allows even those with lower-powered devices to mine BTCS. In fact, the Bitcoin Spark team is set to launch a mining application compatible with Windows, Mac OS, iOS, and Android devices.
The miners’ contributed power will be rented out as remote computing power to individuals and organizations through Bitcoin Spark. Payments will be made in BTCS, and 97% of the revenue will be allocated to the mining pool. The BTCS minting rewards will run on an elastic system that factors the income generated within Bitcoin Spark. If more revenue is generated, the BTCS minting rewards are reduced proportionally. This moves the BTCS minting endpoint further, ensuring consistent profits for miners in the long term.
Additionally, Bitcoin Spark will incorporate small, unobtrusive spaces for advertisements in its application and blockchain explorer. The ads will be community-policied to ensure security and credibility while upholding decentralization. Advertisers will be required to pay in BTCS, merging Bitcoin Spark with the booming marketing industry. The network’s participants will receive 50% of the revenue generated and extra incentives for policing the ads.
The Bitcoin Spark ICO
The Bitcoin Spark Initial Coin Offering (ICO) started on 1st August, with BTCS selling at $1.25 and investors getting a 20% bonus. Barely five weeks after its onset, the ICO had witnessed more than $1.4 million in investments, with notable purchases from crypto whales. The ICO is currently in Phase 6 out of 10, with BTCS priced at $2.75 and investors getting an 8% bonus. BTCS is set to launch at $10 on 30th November, signifying a 393% increase from its current price and an 800% increase from its Phase 1 price.
Bitcoin Spark’s innovative technology, limited supply, low market capitalization, and launch close to the start of the potential bull run could lead to unprecedented price surges, yielding massive profits.
For more information on Bitcoin Spark:
Website: https://bitcoinspark.org/
Borroe.Finance ($ROE) offering a 50% profit for the early investors
Cosmos ($ATOM) has slowed down despite recent developments on its network. On the other hand, THORChain ($RUNE) is mildly unstable after a significant drop in its market activity. Yet, Borroe.Finance ($ROE) is still rising, offering a 50% profit for the early investors. How do Cosmos and THORChain have to perform to compete with Borroe.Finance?
Cosmos ($ATOM) Slows Down, But Still Bullish
The reason for Cosmos’ ($ATOM) recent growth was established in the past week after the token surged in double digits. This growth was driven by favourable developments within Cosmos’ ($ATOM) ecosystem.
The unveiling of the roadmap for its groundbreaking Inter-Blockchain Communication protocol (IBC), as shared by the protocol, has generated optimism that Cosmos ($ATOM) is poised to compete effectively with its peers.
Cosmos ($ATOM) recently tweeted its 2024 roadmap, emphasizing a significant achievement. The tweet mentioned that Cosmos ($ATOM) facilitated 52 million transfers, amounting to $29 billion in value, across more than 100 chains over the past year.
In terms of usability, Cosmos ($ATOM) strives to enable multi-packet atomicity and enhance its middleware to improve arbitrary data transfer alongside token transfers. After the announcement, Cosmos ($ATOM) surged to $7.57.
Analysts expect $ATOM to stabilize and rise to $7.75 by the end of 2023, supported by developments on its network.
THORChain ($RUNE) Struggles as Uncertainty Enters the Market
THORChain ($RUNE) unveiled a cross-chain infrastructure on August 31, 2023, seamlessly integrating with leading wallets and decentralized exchanges (DEXs). A standout feature, “streaming swaps,” facilitates nearly slippage-free large trades across different chains.
On that note, THORChain ($RUNE) has shown positive performance on the market charts in the past month.
The positive momentum continued in the following days, with THORChain’s (RUNE) price consistently moving upward. From September 1 to September 18, the value of THORChain (RUNE) climbed from $1.59 to $1.95, representing a notable 22.64% increase in its value.
However, the average daily market activity loss of 35% may indicate a waning confidence in THORChain ($RUNE) among investors and traders. This market activity drop has resulted in a drop in THORChain’s ($RUNE) value.
Nevertheless, THORChain ($RUNE) maintains its bullish status in the long term since the token has not seen a significant price decline in recent weeks. Analysts expect $RUNE to stabilize to reach $2.05 before the year ends, supported by developments in its network, making it a good crypto to buy today.
Borroe.Finance ($ROE) Delivers 50% Profits, Investors Excited
Borroe.Finance ($ROE) is a community fundraising marketplace. The platform harnesses the latest technological advancements to create a seamless peer-to-peer (P2P) environment for acquiring working capital. Borroe.Finance ($ROE) uses cryptocurrency, blockchain technology, fractionalized NFTs, and artificial intelligence to enable users to secure funding for their daily business operations through revenue financing models.
>>BUY $ROE TOKENS NOW<<
Borroe.Finance ($ROE) typically offers invoice funding rates ranging from 80% to 90% on its marketplace. On that note, Borroe.Finance ($ROE) users benefit from immediate funding and payouts, with access to over 100 crypto and fiat payment options. The platform is a valuable resource for investors looking to support Web 3.0 companies.
Holding this $ROE token offers advantages such as discounts on fundraising offers and reduced marketplace fees. Borroe.Finance ($ROE) users also receive rewards for marketplace activities like buying, selling, and repaying, in addition to earning rewards when voting on proposals.
Borroe.Finance ($ROE) prioritizes security in its crowdfunding marketplace, following the example of top DeFi projects.
Currently, in Stage 2 of its presale Borroe.Finance ($ROE) is trading at $0.0150, a 50% increase from the Beta Stage price of $0.0100. Many investors are now rushing to buy the best crypto investment in 2023 as it continues rising. By the end of its presale, Borroe.Finance ($ROE) will reach $0.040, a 167% increase from its initial price.
Learn more about Borroe.Finance ($ROE) here:
Visit Borroe.Finance Presale | Join The Telegram Group | Follow Borroe.Finance on Twitter
Ethereum Holders Might Soon Exit As Addresses In Profit Reach A Low: Will ETH Price Regain Momentum?
Ethereum’s value has shown strong bearish tendencies recently, dropping past key levels in just a week. As Bitcoin struggles with the $26K mark, ETH is on the brink of breaching a vital support level. Additionally, multiple on-chain metrics are now leaning towards bearish signs, with investors growing restless as the number of profitable addresses hits a several-month low.
These Ethereum Metrics Might Trigger Negative Sentiment
Recent on-chain metrics have raised concerns in the altcoin market, suggesting a potential bearish trend for Ethereum in the coming days. Two metrics, in particular, stand out: the Ethereum Percent Addresses in Profit and the Ethereum Number of Addresses Holding 32+ Coins. Both the metrics have witnessed a steady decline recently, suggesting rising negative momentum on the price chart.
According to Glassnode, the Ethereum percent addresses in profit has plummeted to an 8-month low, standing at just 52.302%. This means that 48% of Ethereum holders are currently in loss, a concerning figure given Ethereum’s historical performance. A decline in this percentage can indicate a growing number of investors who bought at higher prices are now facing potential losses. This could lead to reduced confidence among investors, potentially triggering sell-offs and further driving down the price.
Additionally, the number of Ethereum addresses holding 32 or more coins has reached a 10-month low, with only 126,211 addresses meeting this criterion. The significance of the number 32 is tied to Ethereum 2.0 validator’s limit. A decline in the number of these addresses can suggest reduced interest in ETH’s staking activity which can impact the network.
As bulls are liquidating in recent hours heavily, exceeding $2 million in long liquidation, it contributes to a selling sentiment, making a recovery trend more challenging.
What’s Next For ETH Price?
ETH price recently lost momentum as it failed to meet buying demand near the resistance of $1,600. As a result, sellers intensified pressure and ETH price is now steadily declining towards immediate resistance of $1,565, indicating that the bulls might be hesitant to buy. As of writing, ETH price trades at $1,585, declining over 0.3% from yesterday’s rate.
While the declining moving averages favor the sellers, the RSI hints at a potential bullish divergence. The RSI level is currently making a positive move below the midline, suggesting growing buying pressure as ETH bounced from $1,565. This could mean that the selling momentum is declining, raising the chances of a surge above $1,600.
A push by the bulls past the 100-day EMA trend line would suggest aggressive purchases. This move can bring more buyers and send ETH price toward monthly resistance of $1,674. However, if the bears manage to pull and maintain the ETH price below $1,531, we could see a drop to $1,470.
Bitcoin Pressures Bears As UTXO In Profit Hits 1-Month High! Is The BTC Price Poised For A Reversal?
Bitcoin’s price failed to meet buyers’ demand in recent hours as it dropped heavily below the resistance level of $27,000. At present, the market leans bearish, with whale investors shifting to a selling sentiment and a decrease in open interest from traders. Yet, despite this sell-off trend, some crucial on-chain metrics hint at a potential bullish rebound.
Bears Might Be Trapped Soon
BTC’s value faced a significant drop after struggling to maintain its position around $27K. Coinglass data shows a massive $14 million in long positions were liquidated in a few hours as the BTC price dipped from $27K.
Despite the rising sell-off momentum, a specific on-chain indicator offers a positive hope that could offset Bitcoin’s declining trend. Data from Glassnode indicates that the number of BTC UTXOs in profit has hit a one-month high at 124,578,285.643.
UTXO stands for the unspent portion of Bitcoin after a transaction is completed. When this number is profitable, it signifies that the value of these remaining Bitcoins is greater than when they were last transacted or used. As more investors are in a gainful state with less motivation to offload, the likelihood of a sudden bearish downturn declines, thereby trapping the bears.
Yet, traders are showing hesitancy in initiating future positions in Bitcoin due to its mixed price movements. Data suggests that the open interest (OI) for Bitcoin is on a downward trend, dropping by more than $600 million within a day.
A decline in open interest can have a deep influence on Bitcoin’s value. In the short term, this could cause price swings, and over an extended period, it might hint at a more conservative or downward sentiment unless balanced by other favorable market signals.
What’s Next For BTC Price?
Bitcoin is encountering significant resistance at the 50-day EMA priced at $26,711, suggesting that bearish traders are attempting to prevent its recovery. However, bulls are aggressively defending a decline below the $26,500, suggesting increase in buying demand near the level. As of writing, BTC price trades at $26,605, surging over 0.25% from yesterday’s rate.
The declining exponential moving averages combined with the relative strength index (RSI) trading below the midline, signals that the bears have the upper hand. However, a surge above the 20-day EMA could strengthen the chances of Bitcoin surpassing the crucial $27,000 mark, pushing the price to a value of $28,137.
On the bearish side, if Bitcoin’s price dips and breaches the $26,200 level, it would imply that bearish sentiments are dominating the current levels. If the price drops and settles below $26,000, this could trigger intensified selling, potentially driving the price down to the support level of $24,944.
Wall Street Funds Profit from the Crypto Boom with Grayscale ETF Victory!
The post Wall Street Funds Profit from the Crypto Boom with Grayscale ETF Victory! appeared first on Coinpedia Fintech News
Wall Street funds are reaping significant profits due to the recent cryptocurrency boom. Grayscale Investments has secured a major victory over the SEC in its efforts to establish a US Bitcoin ETF, driving profits for investors betting on the crypto market’s continued growth. Despite the risks, many investors remain bullish on cryptocurrencies and watch for further growth. The surge in interest has also spurred debates on the future of the financial industry and its ability to adapt to a changing landscape.
Altcoins Expected to Surge 3x: Here’s How To Profit Strategies for 10-20% Gains
In the world of cryptocurrencies, Bitcoin has long been the bellwether, setting the tone for market sentiment and trends. However, 2023 has seen a different story unfold, as many altcoins have displayed choppy performance year-to-date (YTD) while Bitcoin enjoyed a significant rally, surging from around $16.4k in January to as high as $31.8k in July. Now, as Bitcoin’s price trend turns downward, the altcoin market is poised for a bullish surge, as capital flow dynamics within the cryptocurrency space undergo a shift.
Amsterdam-based crypto analyst Michaël van de Poppe, a prominent figure in the crypto world, recently shared insights into the potential for significant altcoin breakouts. His analysis suggests that the tide is turning, with small and medium-cap altcoins gearing up for impressive price movements.
Altcoin Momentum Gains Traction
One standout example of this newfound momentum is Perpetual Protocol (PERP), a small-cap altcoin that has recorded remarkable gains over the past week. According to data from Tradingview and Coingecko, PERP’s price surged by approximately 172 percent in the past weeks, reaching around $1.10 as of Friday.
Van de Poppe used PERP as a case study, emphasizing that many altcoins have undergone horizontal consolidation in recent months, setting the stage for potential bullish breakouts. He noted that trading this bullish momentum is more straightforward when considering support and resistance levels. However, he also cautioned traders to remain vigilant, as price reversals can occur rapidly, undermining bullish momentum.
Market Overview
As of Friday, the total altcoin market capitalization hovered at approximately $517 billion. Notably, this figure slightly surpassed Bitcoin’s valuation, which stood at about $502 billion. These metrics will be closely monitored in the coming weeks to gauge the outlook for the so-called “altseason,” where altcoins typically shine as traders and investors seek profit opportunities.
In conclusion, while Bitcoin’s price performance has been a focal point in the cryptocurrency market for most of the year, the spotlight is now shifting toward altcoins. Analyst Michaël van de Poppe’s insights indicate that a wave of bullish momentum may be on the horizon for many small and medium-cap altcoins, presenting traders and investors with exciting opportunities. Nevertheless, the crypto market remains highly volatile, and caution is advised when navigating these fast-moving waters.
ETH Trading Skyrockets, Borroe Presale Beckon High Profit
As Ethereum trading volume skyrockets, the highly anticipated Borroe ($ROE) presale emerges as a lucrative opportunity for high-profit seekers in the Web3 space.
Borroe ($ROE): The New Gem
As crypto investors stack up altcoins in anticipation of the upcoming bull run, a groundbreaking project, Borroe ($ROE), has captured the attention of investors, drawing high-profit seekers to a unique marketplace built on the pillars of innovation and transparency.
The Borroe presale is live, and investors are flocking to secure their share of $ROE, the project’s native token. Stage One of the presale has already commenced, with the token priced at $0.0125 per ROE. The initial beta stage was sold out at $0.01 per token, setting the stage for further stages (Stage 2 to Stage 7) that promise even greater profit opportunities.
Borroe’s marketplace stands out as a beacon of strength and trust within the Web3 community. With a robust team behind the project, investors are confident in the platform’s potential to revolutionize how businesses access funding in the digital era. The team’s vision and dedication drive the project forward, providing a seamless experience for businesses seeking financial support.
Backed by innovative AI technology, the project’s tokenomics ensure efficiency and accuracy in assessing risks and providing timely funding. This forward-thinking approach has attracted investors who see Borroe as a pioneer in creating a more equitable and efficient financial ecosystem for the Web3 community.
A smart contract audit conducted by BlockAudit has further solidified Borroe’s credibility. Security is a top priority, so the project’s smart contract has been meticulously vetted to ensure investor funds remain safe and protected.
As an entry point into the crypto space, Borroe’s presale entices investors from all corners. The project’s intention to seek regulation and adhere to best practices demonstrates a commitment to safeguarding investors and the broader community while navigating the evolving regulatory landscape.
Amidst the excitement surrounding Borroe, experts and analysts predict that $ROE has the potential to surge to 100X its current value. This forecast fuels further interest among high-profit seekers who seek to capitalize on the platform’s growth and impact in the Web3 ecosystem.
$ROE Tokenomics
The $ROE token fosters long-term sustainability and growth within the Borroe ecosystem. Built on the Ethereum sidechain Polygon, this token leverages the platform’s flexibility, low transaction fees, quick transfer times, and exceptional scaling capabilities while benefiting from the security, interoperability, and structural advantages of the Ethereum Mainnet.
With a fixed supply of 1,000,000,000 tokens, $ROE serves as the governance token for the Borroe marketplace, granting token holders a myriad of exclusive benefits.
Token holders gain first access to new sales and funding rounds, ensuring they stay ahead in seizing investment prospects. Additionally, they enjoy discounted fees on all marketplace and associated transactions, enhancing their profitability.
$ROE holders gain access to premium features like advanced analytics and priority customer support, improving their overall user experience. Furthermore, token holders are incentivized through rewards, including incentives for invoice buying, selling, and repayment activities. Recognition and awards, such as the Founder of the Year Award, acknowledge the participation of buyers in the marketplace, fostering a sense of community and encouraging active engagement.
Moreover, $ROE holders gain governance membership, enabling them to have a say in important decisions and earn rewards for actively participating in the ecosystem’s governance. These comprehensive tokenomics aim to ensure the sustainable growth of Borroe while providing tangible benefits to its community members.
While Ethereum continues to thrive with its trading volume surging. Investors are increasingly drawn to the Borroe presale, recognizing it as a gateway to groundbreaking opportunities.
With a marketplace that understands and caters to the needs of Web3 businesses, Borroe stands poised to drive the Web3 ecosystem forward, offering a chance for high-profit seekers to be part of this thrilling revolution.
Ethereum Rise In Trading Volume
As we know, Ethereum (ETH), is the second-largest cryptocurrency. It is seeing a substantial increase in trading volume of $3,166,507,428.01, which shows a growth in its interest and adoption. Crypto analysts closely monitor Ethereum’s price action, and Santiment anticipates a possible reclamation of the $2,000 price level by August.
The recent activity of large Ethereum holders, often called “whales,” has also garnered attention within the crypto community. Four major holders transferred 78,900 ETH coins to cryptocurrency exchanges Gate.io and Coinbase. Such moves can indicate various intentions, including potential trading strategies or profit-taking.
Additionally, an Ethereum wallet address that had remained dormant for eight years recently moved its entire stash of 61,216 ETH. It holds an astonishing value of $116 million, sent to an address on the popular crypto exchange, Kraken. This event highlights ETH’s long-term potential, as the initial investment’s value has surged significantly over the years.
From a technical analysis perspective, Ethereum is currently finding support at the $1800 level. A daily close below this level could signal further downside potential, potentially leading to the next support at $1700.
However, ETH could advance toward $2,000 if the bullish momentum continues. The Relative Strength Index (RSI) for Ethereum is currently at 46.27, indicating a neutral stance in the market. Ethereum’s trading volume surge and price movements reflect a market that continues to attract significant interest and investment.
The intersection of Ethereum’s soaring trading volume and Borroe’s presale success creates a dynamic environment for investors.
High-profit seekers find themselves drawn to the prospects presented by both Ethereum and Borroe. As these two forces align, they create the stage for unveiling new opportunities in digital finance and blockchain technology. Investors are eagerly boarding the Borroe presale journey. It’s fueled by the aspiration to lead the Web3 revolution and capture profitable gains in the dynamic crypto realm.
Learn more about the Borroe ($ROE) presale here:
Tether’s Net Profit Drops By Nearly 50% In Second Quarter, Market Cap Aims For $84 Billion
Tether (USDT) continues to reign supreme among stablecoins, posting an impressive net profit of $850 million in the second quarter of 2023, according to a recent blog post. This remarkable financial milestone has sent its market capitalization toward $84 billion, further strengthening its position as the king of stablecoins.
Tether’s Net Profit Falls By Nearly 50%
Tether Holdings Limited has released its Q2 2023 assurance opinion, conducted by BDO, one of the top five global independent public accounting firms. This attestation reaffirms the accuracy of Tether’s Consolidated Reserves Report (CRR), providing a detailed breakdown of the Group’s assets as of June 30, 2023.
For the first time, it discloses Tether’s indirect exposure to US Treasuries through Money Market Funds, as well as its exposure to US Treasuries collateralizing its Overnight Repo.
In line with Tether’s ongoing commitment to transparency, the report also reveals an increase in its excess reserves by approximately $850 million. This brings Tether’s total excess reserves to an impressive $3.3 billion at the end of Q2.
It’s important to note that these excess reserves represent Tether’s own profits, which are not distributed to shareholders. Instead, the company has chosen to retain these funds in addition to the 100% reserves that Tether maintains to back all outstanding tokens.
However, this quarter’s net profit is nearly 43% less than the previous quarter’s net profit of $1.5 billion. As of June 30, Tether’s consolidated total assets reached an impressive figure of approximately $86.5 billion, according to the most recent report. Meanwhile, its consolidated total liabilities stood at $83 billion.
This data reveals that Tether’s excess reserves have surpassed $3 billion, setting a new record high. This figure notably exceeds Tether’s Q1 excess reserves, which were reported at $2.44 billion.
Tether (USDT) Aims For A New High In Market Cap
Tether (USDT), the leading stablecoin, is experiencing massive growth in its market capitalization, reaching new record highs, following the company’s generation of billions in profits earlier this year.
In response to recent problems in banking and crypto, Tether has shown the value of careful planning by keeping an extra 4% of money in its savings.
From April to June 2023, Tether made over $1B in profits, which is a big 30% increase from the previous quarter.
According to data from analytics firm IntoTheBlock, USDT’s market cap is swiftly nearing the $84 billion mark, a significant increase from its $66 billion valuation at the start of the year.
As USDT continues its upward trajectory, IntoTheBlock reports that its rivals in the decentralized finance (DeFi) sector are implementing enhancements aimed at drawing in more users. The analytics firm notes that USD Coin (USDC), USDT’s primary competitor and the second-largest stablecoin by market cap, has faced challenges following the downfall of Silicon Valley Bank (SVB) in March.
Cathie Wood’s ARK Investment Takes Profit, Unloads $26 Million in COIN Shares
ARK Invest, the investment firm led by cathie wood 
cathie wood founder and ceo at ark invest Cathie Wood was born on November 26, 1955, in Los Angeles, her father served in the British army and the united states air force as a radar system engineer. In 1981 she graduated summa cum laude from the University of Southern California, with a bachelor of science degree in finance and economics. One of her professors was economist Arthur Laffer, who became Wood’s mentor.
In 1977 she got a job as an assistant economist at Capital group, via her mentor Arthur Laffer. Where she worked for three years. Then she moved to New York City to take a job at Jennison Associates as chief economist, analyst, portfolio manager, and managing director. She worked there for 18 years.
In 1998, she along with Lulu C. Wang co-founded Tuelo capital management, a hedge fund based in New York City. She began her career at AllianceBernstein in 2001 as the chief investment officer of global theme strategies, a position she held for 12 years. After her idea for actively managing exchange-traded funds based on disruptive innovation was deemed too risky by alliance Bernstein, she left the company and founded Ark of the covenant. ARK’s first 4 ETFs were seeded with capital from Bill Hwang of Archegos Capital.
She was chosen for the inaugural Forbes 50 Over 50 list in 2021, which includes entrepreneurs, leaders, scientists, and innovators over the age of 50. EntrepreneurChief Executive OfficerChief Information OfficerEconomist 
, has continued to sell off shares of Coinbase as the stock reached close to its one-year high. According to a trade disclosure, ARK Invest sold 248,838 COIN shares, totaling over $26 million based on Monday’s closing price.
This recent sale comes after ARK Invest disclosed selling 480,000 COIN shares worth $50.5 million on July 14, and an additional $12 million the previous week. Wood stated that the fund is “taking profits and reallocating the capital to some laggards” while expressing a positive outlook on Coinbase, particularly in light of the recent court ruling favoring Ripple against the SEC.
ARK sells third time in a row
The sale of Coinbase shares represents ARK Invest’s third sale in recent days, following a significant accumulation of the stock over the past year. Wood emphasized that the fund remains optimistic about Coinbase’s prospects.
Also Read: Coinbase CEO’s First Meeting with House Democrats Amidst SEC Lawsuit
Last week, Ripple achieved a partial victory in court, with a judge ruling that its XRP token is not considered a security when sold on the secondary market, but is classified as a security when sold to institutional investors.
This ruling could have implications for Coinbase, as the SEC had alleged that 13 tokens actively traded on the platform were securities in its lawsuit against the company last month. Industry experts, including Wood and JPMorgan analysts, see the ruling as favorable for Coinbase.
The recent court ruling has had a notable impact on Coinbase’s stock price, leading to a substantial increase. Currently, the shares are trading near their highest level in the past year.
This surge in price can be attributed, in part, to Coinbase being listed as a surveillance-sharing partner for various spot bitcoin ETF applicants, including prominent firms like BlackRock and Fidelity. The association with these well-established entities has likely contributed to the positive market sentiment and rally in Coinbase’s shares.
XRP Price Plunges Amidst Traders’ Profit Exodus – Will $0.54 Prove a Make-or-Break Level?
The recent judgment in the SEC vs Ripple case has left crypto traders intrigued about the XRP market. With the pronouncement that XRP is not a security, the price surged beyond its previous resistance levels of 54 and 58 cents, reaching 95 cents on Thursday. However, profit-taking on Friday led to a retracement to 66 cents, tempering the enthusiasm of the XRP bulls. Nonetheless, the bulls still hold the upper hand, though the battle with the bears remains fierce.
A well-known digital analyst and host of the Cheeky Crypto YouTube channel offered insights on the XRP price analysis. The analyst suggested that the short-term poses challenges for the XRP bulls, as traders who had been accumulating before the Ripple case ruling are now capitalizing on their profits. Nevertheless, the analyst believes that those who bought at the recent rally’s peak may still have a chance to make a profit in the coming months.
From an Elliott wave perspective, the analyst highlighted the possibility of an ABC correction, potentially driving XRP below 60 cents in the weeks ahead if the bulls fail to reclaim levels above 95 cents in the near future.
Furthermore, the analyst pointed out that XRP has been confined within a rising channel over the past year, and the recent push by the bulls has taken the price to the upper boundary of this channel. Consequently, a correction toward the supply and demand zone between 54 and 58 cents is anticipated.
As the XRP market navigates the aftermath of the Ripple case ruling, traders are eagerly observing whether the bulls can sustain their momentum or if a correction is imminent. While uncertainty looms, the XRP price remains subject to the tug-of-war between the bullish and bearish forces in the market.
Ethereum Bulls and Bears Battle Around $1900 While the Whales Continue to Remain in Profit
The second largest crypto, Ethereum, has been trading within a pre-determined range for quite some time, unable to rise above $1920 but sustaining above $1867. While the upcoming trend is largely believed to be consolidated, the possibility of a bullish reversal also emerges. Not only is the supply of the top addresses, or 1% addresses, soaring, but they are also making huge profits.
Ethereum’s trend has been consistent without any steep price actions on either side. Only in cases of acute bearish trends did the price witnessed a massive fall. Hence, the investors have an abundance of faith in the upcoming rally, which has compelled them to keep their ETH out of the exchanges. Moreover, according to the data from Santiment, the largest non-exchange addresses are also getting richer.
Meanwhile, market sentiments are slowly flipping as one of the largest banks in Hong Kong, HSBC, is offering Bitcoin and Ethereum ETFs to their customers. It means that customers can now buy them from their mobile apps. Therefore, the wider adoption and attention may compel the ETH price to make a larger move, which remains stuck at $1900 at the moment.
Interestingly, $4.57 billion in Bitcoin and $2.3 billion in Ethereum are set to expire this Friday on the Debrit exchange. With the dealers experiencing record negative gamma, even a small move away from $30,000 could trigger an explosive rally or a massive slide. Therefore, the Ethereum bulls are required to maintain their stability and keep up the ETH price above $1900 to clinch the price above $2000 in the coming days.
Crypto Bot’s $200M Flash Loan For $3 Profit Raises Eyebrows
The post Crypto Bot’s $200M Flash Loan For $3 Profit Raises Eyebrows appeared first on Coinpedia Fintech News
A crypto trading bot designed to execute arbitrage trades made a series of complex transactions on the Ethereum blockchain, including a $200 million flash loan, all to secure a mere $3.24 profit. On June 14, Arkham Intelligence, a blockchain analysis organization, released a report detailing the bot’s actions. The organization highlighted that the transaction was conducted by an arbitrage bot utilizing flash loans.
Bitcoin’s Price Rebound Triggers Record-Breaking Exchange Profit Exodus
The post Bitcoin’s Price Rebound Triggers Record-Breaking Exchange Profit Exodus appeared first on Coinpedia Fintech News
After rebounding from last week’s lows over the weekend, Bitcoin price has experienced a significant resistance level at around $28k in the past two days. The bulls have found a new support level above the 200 WMA despite the effects of the weekly death cross. On the daily time frame, the bullish outlook will be validated if the bulls flip the 50 MA as a support level, which could secure a rally towards the next resistance level around $29.5k.
Bitcoin Balance on CEXs
The bullish outlook is well favored by the increased Bitcoin withdrawals from centralized exchanges. According to aggregate data provided by Coinglass, more than 36k Bitcoins have been withdrawn from the top centralized exchange Binance in the past 30 days. Similarly, Coinbase Pro and Bitfinex have recorded a decline in Bitcoin balance in the past 30 days of about 792 and 4133 BTCs respectively. In total, all exchanges have recorded a decline of about 54k units in Bitcoin balance over the past 30 days.
Coinglass Analysis on Exchange Inflows by Profit / Loss
According to the on-chain insight platform Glassnode, Bitcoin exchange inflows in profit have outperformed their counterparts in the loss. Specifically, Bitcoin exchange inflows in profit amounted to about 8,225 while those in the loss were approximately 7590 coins.
“When assessing the breakdown of Exchange Inflows by Profit / Loss, we note a brief return to profitable inflows following the recent move upwards in price action, with sustained positive inflows likely a constructive observation,” Glassnode noted.
Is Greyscale bankrupt? Will Bitcoin go down? Avorak’s trade bots can make a profit in the uncertainty
Recent rumours have referenced concerns about the financial stability of Grayscale, an investment manager of Bitcoin products. Some allegations point out that Grayscale could be facing bankruptcy. These rumours fuel uncertainty in the cryptocurrency market even before the FTX saga settles. As a result, questions abound as to Bitcoin’s future. Investors’ concerns about the uncertainty in the cryptocurrency market find Avorak Trade a valuable tool to gain insights into the Bitcoin situation.
What Is Grayscale Bitcoin Trust?
Grayscale is a digital assets investment manager providing cryptocurrency-based investment products. Its affiliation with Bitcoin is through the Grayscale Bitcoin Trust (GBTC). It facilitates institutional and individual investors to purchase and hold Bitcoin through a fund without actually having to buy and store the cryptocurrency themselves. GBTC is solely and passively invested in Bitcoin to track the price performance of the cryptocurrency.
It works by pooling investors’ funds and using them to buy Bitcoin. GBTC holds Bitcoin in secure storage, and investors get shares of the Trust representing their proportionate ownership of the underlying Bitcoin. GBTC enables investors to gain exposure to Bitcoin without managing the transactional and storage aspects of owning cryptocurrency. GBTC is popular among institutional investors prohibited from directly investing in cryptocurrencies. By providing a regulated and reliable means of gaining exposure to Bitcoin, GBTC has become a widely-used investment vehicle. GBTC’s share price is closely tied to the Bitcoin price.
Avorak AI
Avorak AI (AVRK), with its bundled tools, through its first-to-market strategy, is running a record-breaking ICO that has seen AVRK rise to $0.235. The project is generously rewarding its ICO holders with on-top bonuses and other pecks, including the anticipated 17x gains at launch. AVRK will launch at $1 and proceeds to list on Azbit, PancakeSwap, LAToken, and Coinsbit exchanges.
Avorak AI’s portfolio of AI solutions is resourceful to many industries, including image and text generation. Avorak Write produces a ready-to-consume output as it edits and proofreads text to eliminate repetition and plagiarism. Through its natural language bank, Avorak Write generates text in different writing styles to suit the user’s demands.
Will Bitcoin Go Down?
It should be noted that the Bankruptcy concerns arose out of the activities of Genesis Global Capital, a sister company to GBTC. Genesis Global Capital suspended withdrawals and loan originations during the FTX chaos. However, Grayscale was quick to dispel the fears, claiming that “Genesis Global Capital is not a service provider for GBTC products, hence, not a counterparty.”
In the unfortunate unfolding of the speculations, Bitcoin could still survive given that GBTC is just an investment vehicle holding investors’ funds and can operate independently. However, investor confidence would be adversely affected, leading to panic sales and an eventual drop in BTC prices.
How Can Avorak Trade Help?
This uncertainty could be unearthed through the Avorak AI trade bot, which applies advanced algorithms to scout the markets and survey the technical and fundamental aspects of GBTC’s effect on BTC price and its future. With 24/7 market monitoring and quick analysis of voluminous data, Avorak Trade works tirelessly and eliminates the human error aspect of biased perception and fatigue. As a result, it can predict Bitcoin prices and identify profitable signals and indicators for Bitcoin investors.
Wrap Up
While the future of Grayscale and its effect on Bitcoin may be uncertain, Avorak’s sophisticated AI tools and algorithms can provide solutions for investors to navigate the unpredictable market. With advanced prediction capabilities and powerful data analysis tools, Avorak’s trade bots make profitable trades even in the face of Bitcoin’s uncertainty.
More information on Avorak AI and ICO here:
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. The image used in this article is for informational purposes only and is provided to us by a third party. Coinpedia should not be held responsible for image copyright issues. Contact us if you have any issues or concerns. Readers should do their own research before taking any actions related to the company. |
As Banks Fail and Bitcoin Heads Back to $25,000, Learn How yPredict Might Make You Some Profit in the Meantime
Bitcoin fell by a small but worrying 3% today as the cryptocurrency rolled over from the $30,000 high and slipped as low as $28,290 during the session. The worrying part about the rollover is that BTC has attempted to reclaim territory above $30,000 since mid-April and has failed on each attempt. Furthermore, today’s price drop was a reaction to another wave of banking concerns after First Republic Bank looked for a buyout deal following the Silicon Valley Bank and Signature Bank collapse.
As a result of the repeated failed attempts to reclaim $30,000, analysts are starting to believe BTC might be heading back beneath $25,000 before being able to push higher again. However, while Bitcoin falls, it seems that investors are starting to rotate their profits into a new presale project designed to make traders more consistently profitable. yPredict is a next-generation AI-based trading research and analysis platform designed to give traders a deeper insight into the market – allowing them to make better trading decisions.
With volatility rising in the market, it’s unsurprising to learn that whales are expecting huge returns from this project, as it will help traders earn additional profits if the market sinks.
Bitcoin Tumbles On Extended Banking Crisis Fear as Analysts Predict Imminent Corrective Move
Despite the 70% price surge from the 2023 opening price of $16,530, today’s 3% price drop might be an indication of the next direction where Bitcoin wants to head – which many analysts believe to be beneath $25,000. Bitcoin has repeatedly made attempts at the $30,000 since mid-April and has, unfortunately, failed to break and hold above the level on each attempt. As a result, top analysts believe that Bitcoin is ready to sink in the short term as a retracement starts to form.
One analyst, in particular, believes that Bitcoin is ready for an imminent correction due to the massive pool of short stops resting above the $30,000 level for BTC. The analyst, Justin Bennet, shared a heat map of all the shortstops above $30,000 and the long positions placed at $26,000. He believes that Bitcoin is likely to trade within this region as a major correction is imminent;
This week’s Bitcoin price drop was largely a result of further extended banking fears as the crisis continues. The US financial regulator, The Federal Deposit Insurance Corporation (FDIC), is currently working out the First Republic Bank buyout deal, bringing in three major banks to help the process. According to reports, the FDIC has officially received several bids from JPMorgan Chase, PNC, and Citizen to buy out the bank and save it from collapse.
Inflation and High Interest Continue to Add Uncertainty
Furthermore, today’s Bitcoin price drop might be a result of the upcoming Federal Open Market Committee meeting scheduled for May 2 to May 3. The FOMC meets regularly to announce new interest rates in the financial markets, with the latest wave of meetings in the past year providing considerable interest rate hikes in the process.
Currently, the US Federal funds rate sits between 4.75% and 5% after a slew of aggressive rate hikes through 2022 – which was the main reason Bitcoin tumbled from its all-time high prices. The US Federal Reserve has been on a mission to increase interest rates to effectively combat rising prices of goods and services in the economy – known as inflation.
The market expects the FOMC to announce another 25 basis point hike in this week’s meeting, with many analysts hoping this would be the final interest rate hike for a while as inflation starts to cool off. Data from the Consumer Price Index (CPI) showed that inflation was up 5% year-on-year in March, which was a significant reduction from the 6% seen in February.
With that being said, let us take a look at the charts and highlight the important areas of support and resistance moving forward for Bitcoin.
BTC Price Prediction: Is BTC Heading Back to $25,000?
Looking at the daily chart above, we can clearly see the impressive bullish run that Bitcoin has witnessed since the start of the year. The cryptocurrency is now up by more than 70% since the beginning of Q1 2023, although it’s starting to lose some of its gains to the market. The bulk of the surge in 2023 came during March when BTC bounced from support at $20,000 and started to surge as high as $29,350.
In April, BTC finally managed to breach the resistance at $30,000 – reaching as high as $31,000 in the process. But, unfortunately, we can see that BTC could not push much higher than $31,000 as a rising resistance trend line – active since January 2023 – stalled the growth. Since then, BTC has headed lower, dropping as low as $27,000 during April.
Last week, we can see that BTC found support at $27,000 again and bounced higher throughout the latter half of the week. However, BTC is struggling to overcome resistance at $29,350 – provided by the July 2021 lows – and has since reversed from the level.
Looking ahead, the first major level of support beneath the market lies at $28,200. This is then followed by support at $27,750 (Jan 2021 lows), $27,000, and $26,400. If the sellers continue to drive the price of Bitcoin beneath $26,000, added support is then expected at $25,415 (May 2022 lows) and $25,000.
If the inflation and banking crisis narratives continue to cause BTC to break beneath $25,000, further support toward the downside can be located at $24,235 (December 2020 resistance), $23,000, $22,650 (December 2020 support), and $21,600.
On the other side, if the buyers can reverse from the current support at $28,200, resistance is first expected at $29,350 (July 2021 lows). This is followed by resistance at $29,890, $30,000, and $31,000.
Unfortunately, the RSI shows the market momentum with the bears as it dips beneath the 50 level. If it continues to sink, we can expect the bearish market momentum to increase and BTC to continue on its corrective path.
Meanwhile, as the market starts to drop, traders are constantly reminded that they can still make money if the market moves up or down. There’s one project that’s starting to make the process of becoming a consistently profitable trader much more attainable. Let us introduce you to yPredict – the latest presale that’s beginning to gain considerable traction within the market.
yPredict – Helping Traders Become Better
yPredict is a next-generation AI-based trading research and analysis platform that lets users get data-driven analytics to help them make better trading decisions to become more profitable. The project is spearheaded by AI/ML experts, financial quants, and traders, who have all come together to produce a range of products that provide state-of-art financial prediction methods and metrics to make wise trading decisions.
As financial markets continue to lose their predictability, which is largely a result of bots and algorithms entering the market, traders are losing their statistical edge – making it extremely difficult for them to become successfully profitable traders. yPredict aims to change this dynamic and help traders get their edge back. By providing users with data-driven insights, proven analytical metrics, and predictive marketplace trends, yPredict expects to help traders make more informed decisions when placing trades.
yPredict has created an ecosystem that lets users stay up-to-date with the latest market trends, helping them to notice the next big market movement before it happens. Overall, the platform consists of a marketplace, a suite of trading tools, a trading terminal, and high APY staking pools.
Extensive Product Suite Designed for Everybody
The yPredict extensive suite of products is where traders will head to get the latest market insights and predictions. Overall, yPredict has the following products;
- Market Predictions – check asset price predictions.
- yPredict Analytics – get an edge in financial markets.
- yPredict Marketplace – connect traders with developers.
- yPredict Terminal – place advanced trades.
These products combine together to provide all traders with the information required to get their statistical edge in the market and make better trades.
The Market Predictions product is an open platform that lets users check asset price predictions generated through in-house developed predictive models and selected developer models from the yPredict Marketplace. This part of the platform is designed to be fully open to all users to serve as an inbound traffic system for the project. As a result, everybody can use this section without the need to log in or hold any YPRED tokens.
The yPredict Analytics section is the place for traders to go to get an edge in the financial markets. The team is on a mission to develop a new breed of trading tools that are entirely powered by AI. Some of the features of this product include pattern recognition, sentiment analysis, indicator analysis, and transaction analysis.
The yPredict Marketplace is where millions of AI/ML developers already established in the financial sector can earn an income. The marketplace is designed to connect traders with developers, allowing developers to list their price prediction models as a results-as-a-service endeavor. Developers post their prediction models, and then users can subscribe to the service using YPRED tokens on a monthly basis. The developers will earn 70% of the revenue, with 20% going back into the ecosystem through liquidity and the final 10% going to token holders.
Finally, the yPredict Terminal is where professional traders can execute advanced orders to trade the market.
The great part about this suite of products is that YPRED holders have full access to the yPredict analytics platform at no extra cost – they just need to hold the tokens in their wallets. The primary utility behind the token itself is the platform subscription model, which lets users subscribe to prediction models in the ecosystem.
yPredict Presale Providing Incredible Early-Stage Opportunities
The yPredict presale for the YPRED token has been flying off the shelf in recent weeks as investors quickly rush to this groundbreaking analytical software suite. Investors believe that its subscription model and its ability to make traders more profitable will result in huge returns on their investments.
The presale sells the YPRED token, a Polygon chain token. The best part about the token is that it comes with a 5% Buy Tax and a 7% Sell Tax. The tax is used to increase the liquidity pool and to continue ongoing development, marketing, and research.
The presale is currently in the fourth stage, selling the token for a price of $0.05. However, it’s important to note that the presale is using an increasing pricing strategy, meaning that the price for the token will rise during subsequent presale stages. For example, once the presale crosses the $932,000 fundraising milestone, the fifth stage will commence, and the price for the YPRED token will rise by 28% to $0.07. As a result, those investing in the earlier stages of the presale will benefit the most as they invest at lower prices and leave the fundraising with higher unrealized gains.
Overall, with Bitcoin starting to take a dip, yPredict is building a platform that will help traders make money, whether the market is going up or down. As a result, investors are rushing to this revolutionary trading platform as the value of the token will rise alongside platform usage.
Dogecoin And Cardano (ADA) Whale Swims Towards HedgeUp With $200 Million Profit
A prominent whale who has amassed a fortune of over $200 million by investing in Dogecoin and Cardano (ADA) has now set their sights on HedgeUp (HDUP). This remarkable move has caught the attention of the cryptocurrency world, as it signals a significant shift in the investment strategy of this influential market player. The whale’s decision to invest in HedgeUp’s (HDUP) presale could potentially transform the future of the project and influence the broader cryptocurrency market.
Dogecoin and Cardano Success Story
The whale in question has a proven track record when it comes to making wise investment choices in the world of cryptocurrencies. They have seen substantial returns on their investments in both Dogecoin (DOGE) and Cardano (ADA), which have grown exponentially in recent years. Dogecoin (DOGE), initially created as a joke, has become a popular choice among retail investors and has experienced a meteoric rise in value. Cardano (ADA), on the other hand, is a more serious project that aims to create a decentralized, sustainable, and scalable blockchain platform. The whale’s success in these two projects has solidified their status as a key player in the cryptocurrency market.
The Attraction to HedgeUp (HDUP)
The whale’s decision to invest in HedgeUp (HDUP) has generated a buzz within the crypto community. HedgeUp (HDUP) is an innovative platform that enables users to hedge against market volatility and invest in alternative assets, typically inaccessible to retail investors. The HedgeUp (HDUP) token functions as the platform’s inherent currency, which enhances the project’s overall worth.
The ongoing HedgeUp (HDUP) presale presents an attractive opportunity for investors, including the whale, to get in on the ground floor of this promising project. With the potential for the token’s price to rise significantly, many are eager to seize this chance to diversify their portfolios and potentially reap substantial returns.
Potential Impact on the Cryptocurrency Market
The whale’s move to invest in HedgeUp’s (HDUP) presale could have a ripple effect on the broader cryptocurrency market. As more people become aware of the whale’s involvement in the project, interest in HedgeUp (HDUP) is likely to grow. This increased attention could lead to an influx of new investors, pushing up the price of the HDUP token and solidifying its position as a valuable asset within the market.
Furthermore, this investment decision could influence other whales to follow suit, leading to even greater interest in HedgeUp (HDUP) and the DeFi space in general. As more high-profile investors become involved in the project, the potential for HedgeUp’s (HDUP) success becomes more apparent, which could have a positive impact on the overall DeFi sector.
Conclusion
The decision by a Dogecoin (DOGE) and Cardano (ADA) whale to invest in the HedgeUp (HDUP) presale signifies a significant shift in their investment strategy and has piqued the interest of the cryptocurrency community. As more investors take notice of this development, HedgeUp could experience substantial growth, potentially transforming the project’s future and the broader DeFi market. With a proven track record of making profitable investments, this whale’s move towards HedgeUp (HDUP) is an indication of the project’s potential for success, making it a project to watch closely in the coming months.
For more information about HedgeUp (HDUP)
Website: https://hedgeup.io/
Presale: https://app.hedgeup.io/sign-up
Telegram: https://t.me/HedgeUpChat
Twitter: https://twitter.com/HedgeUpOfficial
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. The image used in this article is for informational purposes only and is provided to us by a third party. Coinpedia should not be held responsible for image copyright issues. Contact us if you have any issues or concerns. Readers should do their own research before taking any actions related to the company. |
HedgeUp (HDUP) Crushes Polkadot (DOT) and Solana (SOL) with Consistent profit margins
The cryptocurrency market is full of surprises, and HedgeUp (HDUP) is one project that’s been turning heads. The project’s unique approach to alternative asset investment has made it a standout player in the decentralized finance (DeFi) space. But what’s even more impressive is its consistent performance. HedgeUp (HDUP) has been outperforming even big names like Polkadot (DOT) and Solana (SOL), two well-known projects that have gained a lot of attention in recent months.
How HedgeUp (HDUP) Outperforms Polkadot (DOT) and Solana (SOL) in the DeFi Space
One of the reasons why HedgeUp (HDUP) has been so successful is because of its vision for the future. The project aims to tap into the massive market for alternative assets, which is predicted to grow to $17 trillion by 2025. HedgeUp (HDUP) is making it easier for everyone to access this market, and its unique approach has proven to be highly effective. Using NFT technology everyday people can now invest into exclusive assets such as diamonds, art and gold. Investors can do this on a fractional basis, meaning users can partake with only $1, opening a whole new market for the masses.
While other projects like Polkadot (DOT) and Solana (SOL) have certainly gained a lot of attention in the cryptocurrency world, they haven’t been able to match HedgeUp’s (HDUP) consistent performance. HedgeUp (HDUP) has been generating a lot of buzz for good reason, and its presale has seen a lot of interest from investors.
Polkadot (DOT) is a blockchain network that allows for interoperability between different blockchains, enabling cross-chain communication and the transfer of data and assets. On the other hand, Solana (SOL) is a high-performance blockchain platform designed to support decentralized apps and marketplaces. Solana (SOL) uses a unique consensus algorithm to achieve high throughput and low latency, making it suitable for a wide range of use cases. While both these projects saw massive returns they have been hit hard during recent months. Solana even lost a value of over 95%. For these reasons, investors are looking at different opportunities.
HedgeUp (HDUP) presale is quickly being fulfilled
The presale for HedgeUp (HDUP) is currently underway, and interested investors can purchase the token by visiting the presale page and following the instructions provided. The minimum launch price for HDUP is set at $0.09, and the presale price is currently set at $0.013 per HDUP token, with the price expected to reach $0.020 soon. This means that early investors already have made over a 100% profit just by being early. Profits are only expected to rise further.
HedgeUp (HDUP) is one to keep an eye on
HedgeUp (HDUP) has been crushing the competition with its consistent growth, outperforming big names like Polkadot (DOT) and Solana (SOL). The project’s unique approach to alternative asset investment has caught the attention of investors, and its vision for the future is highly promising. While the DeFi space is highly competitive, HedgeUp (HDUP) is one project that’s worth keeping an eye on in the coming months.
For more information about HedgeUp (HDUP)
Presale: https://app.hedgeup.io/sign-up
Telegram: https://t.me/HedgeUpChat
Twitter: https://twitter.com/HedgeUpOfficial
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. The image used in this article is for informational purposes only and is provided to us by a third party. Coinpedia should not be held responsible for image copyright issues. Contact us if you have any issues or concerns. Readers should do their own research before taking any actions related to the company. |
Crypto Whales Make Millions Profit Through These New Meme Coins: $PEPE, $WOJAK, $AIDOGE
Crypto traders are making big gains with risky investments in new meme coins, despite recent resistance in Bitcoin and top altcoins. By putting spare capital into carefully selected low-cap altcoins, traders have seen profits of up to 10 times their initial investment.
Whales Ride The MemeCoin Wave
According to the on-chain analytics platform Spot on Chain, crypto whales made millions of dollars from a small investment in $PEPE, $WOJAK, and $AIDOGE.
$PEPE
One notable whale invested $251 in $PEPE and made approximately $1.68 million in just four days. Similarly, two different crypto whales invested approximately $2.1k and $3k in the same meme coin and bugged $1.53 million and $1.39 million respectively.
$WOJAK
The on-chain platform identified two different crypto whales that made a significant profits through $WOJAK meme coin. Interestingly, two crypto whales invested approximately $4k and $2k respectively only to bag $443k and $65k respectively.
According to market data provided by Binance-backed Coinmarketcap, $WOJAK had a market capitalization of approximately $15,767,505 and a 24-hour trading volume of about $59,424,111 on Wednesday.
$AIDOGE
ArbDoge AI (AIDOGE) is a meme coin with a market capitalization of approximately $60 million and a 24-hour trading volume of about $194 million as of Wednesday. Reportedly, a crypto whale invested $72k in the $AIDOGE and bagged about $210k in less than a day. Notably, the investor entered the trade right after news of the $AIDOGE listing on the Huobi crypto exchange.
Meanwhile, cryptocurrency traders are cautioned on such trades as most of the gains are unrealized gains and could be wiped out anytime due to the high volatility.
Arbitrum’s ARB Token to Start Trading On 23 March! Here’s How You Can Profit from the Launch
The eyes of the crypto market are currently on Arbitrum as it seeks to revolutionize the industry in the upcoming days. Arbitrum’s highly anticipated ARB token is set to start trading on 23rd March, so the buzz around this launch is palpable. Furthermore, as an innovative Layer 2 scaling solution for Ethereum, Arbitrum has garnered significant attention within the crypto community. Hence, investors are eagerly waiting for the launch to make significant profits with the ongoing hype.
Is ARB Token’s Launch a Big Deal?
As the popularity of Ethereum and DeFi applications continues to grow, the demand for Layer 2 solutions like Arbitrum is also rising. With its innovative technology and ability to significantly improve Ethereum’s performance, the ARB token launch is poised to attract considerable interest from the crypto community.
With Arbitrum’s potential to revolutionize Ethereum’s scalability and reduce transaction fees, early adopters of the ARB token could reap the rewards of the platform’s success. With Thursday’s claim event looming, both centralized and decentralized exchanges are launching derivative markets for the Arbitrum (ARB) token.
The decentralized platform, Clober, now offers traders the opportunity to purchase put options on ARB at strike prices ranging from 50 cents to $16. Since their introduction, these options have generated over $50,000 in trading volumes over the past 24 hours, hinting at the market’s craze on the ARB token’s launch.
Here’s How Traders Can Profit on the Launch Day
As the countdown to the Arbitrum (ARB) token launch on 23 March draws closer, traders eagerly anticipate the potential profit opportunities. Traders are looking to capitalize on the hype surrounding the ARB launch by taking advantage of the potential price volatility that often accompanies such events.
A well-known crypto analyst, Mac, outlined certain points which will take place on ARB token’s launch day:
- On the day of the ARB launch, there may be a significant decrease in liquidity for other altcoins on major centralized exchanges (CEX). As a result, it may not be advisable to hold long positions in other altcoins during the launch.
- ARB token’s price may follow a similar pattern to that of BLUR and UNI. Market-makers and airdrop claimers may tend to sell their tokens, resulting in a temporary price decrease. Once the airdrop claim rate reaches around 60-80%, investors may witness a bounce in the price.
- Following the initial price pump, there may be an extended distribution period before accumulation, and a significant price increase several weeks later can be observed.
The analyst further points out the opportunities for traders to make overwhelming profits on 23 March. According to him, a short-term price under $1 for the ARB token is ideal. The analyst advises closely monitoring the market and analyzing the airdrop claim rate using the Dune dashboard.
Once the claim rate reaches around 60%, traders can start purchasing tokens. Following the launch, an initial price pump will likely only last a few days at most. Hence, it is better to sell during this pump to capitalize on any short-term gains.
$4.14M Profit In 48 Hours: On-Chain Data Unveils Shiba Inu (SHIB) Trader’s Lucrative Moves!
USDC, the fifth most popular cryptocurrency coin, and trusted stablecoin, lost its peg to the US dollar on Saturday, March 11, 2023. The coin’s value decreased from $1 to a low of $0.887. The majority of cryptocurrency investors are shocked by this because it hasn’t happened since the first introduction of USDC in 2018. After a 15% loss, the token’s market capitalization fell below $40 billion.
The crypto whales have reported significant losses as a result of these incidents and seem to have started a series of capital flights to safeguard assets. It is reported that the losses amounted to over a billion dollars in stock and deposits.
However, it seems like not everyone took a loss and some have actually profited from it. Here’s how.
Lookonchain Reveals a Smart Address That Made $4.14M Amid USDC Depeg
Lookonchain, an on-chain analyzer, in a recent series of tweets has revealed the specifics of a smart address that profited $4.14 million by trading Ethereum during the USDC de-pegging.
Lookonchain highlighted how smart the user is by pointing out how they sold their ETH before LUNA crashed and how they bought Shiba Inu early and sold it at its peak in May and October 2021. Also, it was noted by the on-chain researchers that the address currently has over $71.72 million.
Lookonchain determined that the 15 addresses that purchased 47,670 ETH for 67.58 million USDC at $1,418 on March 10 were likely owned by the same person. This is due to on-chain data showing that on April 21, 2021, a sizable sum of SHIB was sent to these addresses from the same address. Later, the user sold 47,688 ETH for $1,505 for a total of 71.72 million USD. At a 6% ROI, the user made $4.14 million in just two days.
Some clever SHIB trades were also mentioned. On-chain data indicates that the user was an early Shiba Inu investor and purchased 5.5 trillion at 180 ETH ($400k) before its price increase in May 2021. As the price of SHIB reached its all-time high in May and October 2021, the smart address sold all of the SHIB for 35k ETH.
Prior to the demise of LUNA, the user exchanged ETH for USDC. At the time of publication, the majority of the user’s funds were split among 15 addresses and were in USDT. The price of USDC has increased by 3.47% during the past 24 hours to $0.9892.
To conclude,
At times of uncertainty and upheaval, the user appears to have made some incredibly smart decisions. Profits would result from being able to capitalize on unpredictable moments like these.
Top Reasons Why Bitcoin Traders Continue to be in Profit Amid the Prevailing Bearish Trend!
Bitcoin rose nearly 40% in the first few weeks of 2023 before plunging into a bearish well. With this, the global market capitalization also dropped finely and may hit the threshold of $1 trillion in the days to come.
Meanwhile, bitcoin dominance surges with a jump of 0.11% in the past 24 hours, reaching 41.24%. The growing dominance reflects the market following the trend triggered by star crypto that appears to flip the bearish trend any moment from now.
Moreover, amid the rise of AI-based tokens like SingularityNET, Fetch.ai, The Graph token, etc, Bitcoin holders continue to remain under huge profits. Below mentions are the catalysts that point out a notable BTC price rally which is fast approaching.
- SOPR or the Spent Output Profit Ratio holds above 1.0 for the first time since April 2022 indicating that the market has realized profits
- The realized Profit/Loss ratio is in the profit which means the market realizes a greater proportion of USD-denominated profits than losses. The sellers have been exhausted with unrealized losses
- The 30-SMA has moved above 365 DMA which indicates the expansion of the network which is at its highest level since 2021. This is also an indication of an early bull market as an uptick in the daily users is recorded along with more transaction throughput.
- The Bitcoin price is above the 200-day SMA and the realized price which previously appeared in December 2021. When these levels are broken it indicates the start of a bull run
Collectively, the bear market is getting closer as the bulls exhaust the bears’ strength with frequent minor spikes. Once they are completely depleted, a significant upswing may be triggered to reach the targets beyond $50,000 at first.
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. |
Coinbase Set to Profit Big with Ethereum Shanghai Upgrade: JPMorgan Analyst
Ethereum Shanghai upgrade is coming in March, centralized exchanges led by Coinbase are providing staking services not willing to store private keys. According to JPMorgan analysts, the upcoming Shanghai upgrade, which will make over 16,097,225 staked Ethers available for withdrawal, will be a huge boost to Coinbase operations. Notably, Ethereum stakes have not been withdrawing their Ethers since 2020.
“Staking in Ethereum forced holders to lock up their Ether indefinitely, which we have viewed as a big dis-incentive to stake ETH historically,” JPMorgan analysts noted in a letter to investors. “We think the Shanghai Fork could usher in a new era of staking for Coinbase.”
Coinbase is heavily reliant on trading fees to make quarterly earnings aside from the digital assets on its balance sheet. The introduction of staking programs significantly diversifies the company’s revenue collection avenues. With Ethereum being the second largest digital asset – about $28.15 billion in total value locked (TVL) – the exchange is keen to tap into the network’s future.
“In Q3, we launched Institutional staking for Ethereum globally and while adoption is still in its early days, we are optimistic about the long-term opportunity. In addition, we offered users additional utility for their staked Ethereum through our wrapped cbETH product. This product allows users who own Ethereum to “wrap” it, allowing them to continue to earn yield on their assets via staking, while also being able to buy or sell that asset,” Coinbase noted in 2022 third-quarter earnings results.
Coinbase launched Cardano (ADA) and Solana (SOL) staking during the first quarter and second quarter of 2022 respectively. Notably, the crypto exchange generated approximately 11% of its 22Q3 revenue from staking, compared to 6.2% during the same period the year before.
Litecoin (LTC) And Dogecoin (DOGE) Struggle To Yield Profit As Snowfall Protocol (SNW) Announce 100% Bonus On Investment
Crypto investors are becoming concerned following the collapse of the renowned crypto exchange platform FTX and the subsequent failure of Binance’s takeover of FTX. Coin prices have plummeted overnight, with well-known coins such as Litecoin (LTC) and Dogecoin (DOGE) among the victims.
However, the Snowfall Protocol (SNW) presale has generated so much interest recently, given its successful first round of presale. In fact, the Snowfall Protocol (SNW) team announced a 100% bonus on investment before the token’s price surge next week.
Let’s look into why crypto specialists predict the Snowfall Protocol (SNW) will be at the top of the rankings in 2023.
Litecoin (LTC) Finds It Difficult To Reach Former Glory
Litecoin (LTC) was designed to overcome the problems associated with expensive and time-consuming transactions. Hence, it was established as a cheaper platform for miners to work on.
Litecoin (LTC) debuted at $3, but it quickly acquired value, increasing by 140% in 2020. By the end of 2021, Litecoin (LTC) was worth more than $146. However, the volatility of the bear market has affected most of crypto’s big names, the price has plunged to $76.76 and doesn’t appear to rise any time soon. In dire times like these, smart investors are attracted to projects like Snowfall Protocol (SNW) for their solid foundation and enormous potential to thrive in bear market conditions.
Dogecoin (DOGE) To Witness Drastic Slumps
Following the prolonged crypto winter, experts predicted a bearish movement for Dogecoin (DOGE), with a 2023 price projection of $0.000016. Dogecoin has dipped far from its peak price of $0.731578, indicating an 88.10% loss at its current price of $0.1. Dogecoin (DOGE) investors continue to sell their holdings because the meme coin’s lack of utility is a drawback under harsh market situations.
Meanwhile, Snowfall Protocol (SNW) has soared to unprecedented heights barely a month after its presale release, propelled by its real-world applicability to exchange fungible and non-fungible tokens.
Snowfall Protocol (SNW) Offers Investors Huge Returns
Let’s start with the Snowfall Protocol (SNW) announcement which drove the crypto community into a frenzy. Snowfall Protocol has announced that all new investments will receive a 100% bonus. The announcement has had such a favorable influence on the token that it has piqued the interest of Dogecoin (DOGE) and Litecoin (LTC) investors.
| 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. |
Trader’s Best Advice For Making A Profit: Read 5 Tips
In this article, you will read about the best trading tips given by the best traders. “Market Wizards: Interviews with Top Traders” by Jack Schwager is a book that anyone interested in trading is always told to read. It was first released in 1989 and is a collection of interviews with well-known American traders who made their fortunes in the markets. It’s a book that belongs on everyone’s bookshelf. Read this timeless guide for trading advice from some of the world’s top investors:
- Determine Your Trading Approach
Traders can operate on different time scales, employ varying strategies, and participate in a wide variety of marketplaces. Whether it’s focusing on minute-by-minute fluctuations in price throughout the day or trying to anticipate and capitalise on broad, longer-term patterns that might span months or even years, every great trader has a tried-and-true approach to market analysis.
- Consider The Use Of Risk Management Techniques
Risk management was a topic that came up repeatedly among traders. There are a few factors involved here. You should only risk a small portion of your capital on each trade so that losing the trade won’t significantly impact your trading account. Keeping a target height in mind is also recommended (or a stop loss placed on your trade). In the event that this threshold is reached or the stop loss is triggered, you will recognise your error and accept the loss.
- Financial Losses Must Be Accepted
Loss acceptance is intrinsically linked to risk management. Although seasoned traders understand that accepting small losses is inevitable, many of us have a hard time accepting it as a given when we first start trading. If you allow a losing streak to go on for too long, a single trade can wipe away your profits from a string of wins. All of the traders polled were confident in their strategy’s ability to produce profits over the long term, and hence had no qualms about accepting temporary setbacks.
- Invest Some Effort Into Research And Market Comprehension
The traders spent a lot of time each day studying the market, making trades, and running the business. They weren’t merely gambling occasionally or making speculative trades. When it comes to trading, there are no fast cuts, yet their success was indicative of the work they put in.
- Find A Suitable Trade
Several of the traders interviewed stressed how important it is to be able to wait for the right opportunity on exchanges like btc-loophole.com. According to the recollections of a stock operator, he made a fortune by doing nothing but sitting on his hands. Holding a transaction for as long as possible to increase profits is a strategy that benefits from patiently waiting for the ideal moment to enter the market. Successful traders today still apply this strategy from nearly a century ago.
In Verdict
If you want to trade and become a successful trader, you should prepare by reading investor tips and tricks. Discipline, which they have shown over and over, has been a key part of their success. You will not have much success with a tactic if it does not sit well with you. Accept the loss and base your decision on expert advice.
Disclaimer: This is a guest post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
Which Cryptocurrency Will Profit the Most from the 2022 World Cup?
We are already in 2022, for the World Cup. As criticism of the hosts, Qatar, keeps coming, fans have been more and more excited for the start of the biggest sports event in the world. Blockchain-based projects can reap benefits from the World Cup, too. We’ve compiled a shortlist of the three most popular cryptocurrencies that are commonly referred to as “FIFA tokens” for your convenience.
Will The 2022 FIFA World Cup Be Good For Cryptocurrency?
People often put the FIFA World Cup at the top of the list of international sports competitions. There has been some criticism of the tournament’s organizer, but interest in the competition and attendance in Germany are both on the rise.
Sponsors can always count on a large amount of exposure during the World Cup of Football. It’s possible that crypto initiatives may be able to attract significant attention for the first time at the 2022 World Cup. because many ongoing initiatives and digital currencies now interact with World Cup governing organisations or have a focus on sports.
Is The FIFA World Cup Enough To Spark A Rise In Cryptocurrency Prices?
Over the past two weeks, most cryptocurrencies have taken a major hit due to the FTX crash. A general lack of trust is plaguing the cryptocurrency sector. The 2022 World Cup could change several initiatives.
As a result of the media hype, the value of some cryptocurrencies may surge in the next few weeks. After the FTX catastrophe, this might provide these coins with a fresh surge that lasts beyond 2023.
Which Token Stands To Gain The Most From This World Cup?
The 2022 FIFA World Cup is expected to have a significant impact on three major cryptocurrencies, which can be purchased through exchanges like crypto.com or Bitcoin Prime. Therefore, given the current low rates in the crypto market, investments in such enterprises should be seriously examined.
- Chiliz (CHZ)
A so-called “fan token” built on the Ethereum blockchain, Chiliz Coin is a cryptocurrency for Chiliz fans. You may find it on the socios.com domain. Socios is a community platform where fans may interact and where tokens representing various fandoms, as well as NFTs, can be purchased.
- Algorand (ALGO)
The environmental friendliness and long-term viability of the Algorand blockchain project have made it widely renowned. Furthermore, blockchain and FIFA are official partners. The World Football Association is only one of many worldwide partners for the cryptocurrency, which has been hailed as a “green” blockchain. This project also includes a FIFA wallet and FIFA NFTs.
- Chronos (CRO)
Chronos Coin was a Crypto.com coin. In the wake of the FTX catastrophe, the cryptocurrency exchange supporting the CRO has had to contend with a lot of investor mistrust.
Simply Put
Qatar hosted Sunday’s 2022 FIFA World Cup opening ceremony. Ecuador welcomed the host nation for the tournament’s first game. The four-week event ends on December 18. Crypto.com, on the other hand, is a World Cup sponsor in 2022. Consequently, the platform is increasing its emphasis on forming strategic alliances with big sports organisations and sporting events. In the next several weeks, this may also help the Chronos Coin.
Disclaimer: This is a guest post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
Don’t Ignore Oryen Network ICO In Favor Of Elrond Or Eos At Risk Of Missing Incredible Profit Opportunity
Initial Coin Offerings (ICOs) are god given gifts to investors. Unique to crypto, it allows investors to enter projects at virtually the same level as venture capital. The outcome for early adopters in successful projects almost defies the imagination.
A few hundred dollars suddenly becomes enough to buy a house. Do not ignore the Oryen Network (ORY) ICO in favor of established projects like Elrond (EGLD) or Eos (EOS). Both projects have already made early gains and cannot compete with Oryen regarding potential returns.
Oryen Network (ORY)
The market criminally undervalues Oryen and its wealth-building utility. Oryen pays out the highest stable returns in crypto and provides one of the most secure staking procedures within DeFi. Oryen’s developers pioneered the Oryen Autostaking Technic (OAT) system, which takes care of every angle of the earning process on behalf of investors. As soon as investors purchase ORY, smart contracts auto-stake it, and then smart contracts auto-compound yields once every hour. The compound effect is a fixed rate of 90% APY.
However, the OAT does lots more and is the invisible agent within the protocol. Funds channeled through the OAT build the pool’s liquidity depth, enrich the treasury allowing for greater expansion, and create a liquidity reserve wallet known as the RFV (Risk-Free Value). Oryen still possesses a relatively small market cap and is a project that will inevitably tear through the rankings when the market at large fully understands its value.
Elrond (EGLD)
Elrond is a layer-one blockchain that implements sharding to deliver incredible throughput. Elrond’s developers explicitly stated in the whitepaper that the Elrond network had to possess scalability equal to or greater than its TradFi counterparts. With a theoretical throughput of fifteen thousand transactions per second, it is fair to say the project succeeded.
Elrond launched via the Binance Launchpad and each EGLD sold at $0.65. Elrond has been massively successful, but the 100X opportunity no longer exists; it has already happened.
Eos (EOS)
Eos is another third-generation blockchain similar to Elrond in that its design function is to provide scalability. The Eos blockchain uses a Delegated Proof of Stake (DPoS) that powers a throughput of more than three thousand transactions per second. The Eos network also prioritized developer experience. This focus attracted lots of developers to build and grow the network.
EOS launched via ICO for $1.03 and, at its peak, reached a price of $21.64, netting early investors who timed their investment well 20X.
Closing Thoughts
Once a protocol sees adoption, the early gains disappear. Thousands of seasoned crypto traders are searching for the next undiscovered gem, and Oryen Network is already on plenty of professional’s watchlists.
Find Out More Here:
Join Presale: https://presale.oryennetwork.io/register
Website: https://oryennetwork.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.
Was this writing helpful?
Argentina Moves Big Into Crypto Mining, Uniglo.io and Helium Could Profit From Countrywide Mass Adoption Of Crypto
The aftermath of the COVID-19 pandemic turned into a full-scale energy and financial crisis, seeing Argentina’s inflation skyrocket to 78.5%. Despite all this, Argentina made a major move into crypto mining, with YPD, Argentina’s state-owned energy provider planning to open an 8-megawatt mining plant.
Crypto Miners under pressure
BitPatagonia, one of the largest crypto mining companies in the South American country, got hit with a 400% increase in electricity costs earlier this year. The surge in electricity costs is not just the result of the accelerating energy and supply crisis worldwide but a policy change in Argentina.
Reportedly, the government imposed a massive hike in the electricity rates for wholesale customers, resulting in a 400% higher bill for BitPatagonia’s mine in Tierra del Fuego.
Implications for crypto adoption
With the state-owned energy provider entering the crypto mining arena, the country is signaling crypto-friendly regulations and policies for the future. Startups like Uniglo.io, Helium, and other blockchain startups are intrigued by the move that could lead to a countrywide storm on cryptocurrencies, seeing hundreds of startups pouring into the country to set up shop.
Uniglo (GLO) plans to launch on the 19th of November, yet with no physical office, the project could be potentially intrigued by a positive move towards crypto in Argentina. While it is no crypto mining company, its unique technology and solid development plan surrounding the Ultra Burn and GLO Vault would fit right into the Argentinian Silicon Valley.
Furthermore, Uniglo is still in its presale stage and reports that investments from Argentina and other South American countries are picking up.
Helium (HNT) is another unique project as Uniglo, which rewards its users for data transfers and wireless coverage via its physical devices. With Argentina’s current move, we will see over the coming weeks if Heliums order numbers pick up and more people start to set up their devices to earn cryptocurrencies.
Final thoughts
Cryptocurrencies are conquering countries, with Argentina being the latest convert of turned pro-crypto governments. Uniglo’s ICO is already profiting from the decision, while many other cryptos will also benefit in the future.
Learn More Here:
Join Presale: https://presale.uniglo.io/register
Website: https://uniglo.io
Telegram: https://t.me/GloFoundation
Discord: https://discord.gg/a38KRnjQvW
Twitter: https://twitter.com/GloFoundation1
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.
Was this writing helpful?
Big Eyes Coin Aiming For 10X Profit While The Sandbox And Axie Infinity Stagger In The Current Economic Downturn!
It is already known that the crypto market is highly competitive and volatile. Nevertheless, the crypto market has continued to grow exponentially and witnessed the release of several other emerging sectors in the Web3.0 space. The sudden price changes and speculative price change has made many overnight crypto millionaires around the world. However, as the market surges in value so quickly, it can also go bullish.
The recent crypto market crash has changed how people think about cryptocurrency and has affected its future. The crypto market is down almost 50%, and it is the best time to look for alternative options and presale cryptocurrencies. In this bear market, presale stag cryptocurrencies look like the best option to get massive profits. New cryptocurrency projects looking to be in the crypto space using strong use cases, real-life applications, community support, and marketing campaigns.
Trading in meme cryptocurrencies is extremely lucrative, as many developers compete to get into the meme sector and give massive profits. Meme coins stand out and are distinctive for their strategies for getting attention and interest through inventive and celebrity influence. In addition, some new projects give an edge over other crypto projects like Big Eyes Coin (BIG). Big Eyes Coin (BIG) is a new cryptocurrency built on the Ethereum blockchain. The crypto market has never been more awaited after announcing this project. It aims to build an ecosystem that significantly benefits the user. Big Eyes Coin (BIG) is creating FOMO amidst leading market players, and experts believe it will genuinely rule the crypto market.
Big Eyes Coin (BIG): Meme Coin To Revolutionize The Industry
Big Eyes Coin (BIG) decentralized meme coin, which distinguished itself from others through its branding and provided more to the meme market by constructing a blockchain that propagates hyper-growth through the use of NFTs that enables access to events and contents. With its community-centered approach, this platform will have a dynamic tax system structured to ensure its longevity by implementing Autoburn features like liquidity pools, marketing wallets, and acquisitions.
It aims to become a blockchain ecosystem that facilitates unrivaled user growth by leveraging NFTs to give them access to content and upcoming events. Big Eyes Coin (BIG) is a community-centered project that will have a dynamic tax system to ensure sustainability by implementing Autoburn features, Liquidity pool acquisition, and marketing campaigns. The team has plans to maximize its growth within a short period and has a clear roadmap for how it would do this. The platform will develop features that will benefit its users. One of the features is zero transaction fees, and no tax will be imposed on users. However, there will be a tax structure for trading NFT.
At the launch, 90% of the token will be available for users. In addition, it would have NFT events, allowing community members to participate and purchase various NFTs. The project is inspired by Japanese anime and draws inspiration from the country. Big Eyes (BIG) can be purchased at its ongoing presale.
How to buy Big Eyes Coin (BIG) Tokens?
You can purchase tokens and become an early member today by following these three simple steps:
Step 1
Make sure you have a Metamask wallet installed on your browser or use any of the wallets supported by “Wallet Connect.” If you are purchasing tokens on mobile, it is recommended to use “Trust Wallet” and connect through the built-in browser.
Step 2
Once your digital wallet is ready, click “Connect Wallet” and select the appropriate option. For example, for mobile wallet apps, select “Wallet Connect.” You will have three options:
- Buy ETH with a card
- Buy Big Eyes (BIG) with ETH
- Buy Big Eyes (BIG) with USDT
Step 3
Once the presale is ended, you will be able to claim your Big Eyes Coin tokens. For further information, visit the main site https://bigeyes.space/.
Axie Infinity (AXS): The Best Metaverse Game
Axie Infinity (AXS) launched in 2016, a non-fungible token-based play-to-earn game that incorporates non-fungible tokens (NFTs) and cryptocurrencies. It is defined as Pokemon-Esque, where instead of Pokemon, users will be able to interact with digital pets known as Axies. The game is a mix between Hearthstone, a famous digital collectible card game, and the well-known role-playing video game Pokemon. The gameplay is considered very straightforward in plain sight. Game mechanics revolve around battling, collecting, and raising digital pets called Axies which are designed as Non-Fungible Tokens (NFTs) and have their unique value in-game; new players must buy or borrow at least three Axies. Users can earn tokens by playing the game and contributing to the ecosystem.
Axie Infinity (AXS) aims to be a play-to-earn crypto game. Its new business model will create an open economy within the game, which delivers financial benefits to players who perform certain actions. In its gameplay, users own cute digital monsters known as Axies and take trunks, battling them against each other. Each Axie comes with a different ability based on its type. There are bugs, plants, birds, and other types of Axies. Players can earn digital currency by winning battles, breeding their creatures, and selling new characters to other players. The in-game economy includes Axies, which are NFTs, and two digital currencies: Smooth Love Potion (SLP) and Axie Infinity Shards (AXS), which have potential market value and can be sold outside the game.
One notable feature of this platform is that it runs on major desktop and mobile operating systems. More specifically, it runs on Windows, Android operating systems, and IOS and iPadOS. In other words, it can be installed and played on PCs, Android phones, Mac devices, and tablets.
The Sandbox (SAND): Fully Immersive Experience
The Sandbox (SAND) launched in 2011, a community-driven decentralized gaming platform where users can align entertainment and money-making. It is a virtual world where players can be able to build, own and monetize their gaming experience on the Ethereum blockchain. Users can create, distribute and monetize in-world goods and game experiences using the Ethereum-based metaverse and gaming experience platform. It aims to disrupt the existing metaverse/gaming industry in which platforms own and manage user-generated content, limiting the rights of gamers and artists.
The Sandbox (SAND) comes with Game Maker, which allows users to create and test their 3D games within the Sandbox metaverse. As a straightforward program, it does not necessitate coding knowledge, and users will be able to organize and design various elements and objects in the LAND environment, including NFTs created with VoxEdit. As a complete isolated testing environment, this platform enables users to run programs or open files without affecting the application, system, or platform they run. This protocol is used by developers and cybersecurity professionals to test potentially malicious software and run new programming code.
The Sandbox (SAND) comes with its NFT marketplace allowing users to upload, publish and sell NFT creations made with VoxEdit. Creations are uploaded into an IPFS network to provide decentralized storage and then registered onto the blockchain to provide ownership. Once done, creations will automatically become ASSETS. They can be sold by making an initial offer on a marketplace where potential buyers can purchase them.
Final Verdict
Big Eyes Coin (BIG) could outcast all other cryptocurrencies. As a result, this new cryptocurrency could be an excellent alternative if you’re looking for a well-established meme coin that has proven itself in the crypto market. Big Eyes Coin (BIG) has already raised $1 million before launch and aims to go for $50 million in the future. Axie Infinity (AXS) is prone to overvaluation and has an initially high cost of starting the game. As a P2E game, the price has humped almost 100%, which can cause scalability issues. Sandbox (SAND) has recently gained attention from gamers and developers. It will take time to gain value and make decent profits.
Big Eyes Coin (BIG) is targeting the meme market and looks like the main competitor to other cryptocurrencies like Dogecoin (DOGE) and Shiba Inu (SHIB). It will allow users to stay entertained while earning money. Click the link below to learn more and be a part of this community.
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.
