$5 Trillion Cash Flow is Coming, Bitcoin Set To Hit $50k in Coming Days: Predicts BitBoy Crypto
Crypto influencer and analyst Ben Armstrong, also known as BitBoy Crypto, has suggested that Bitcoin (BTC)‘s price could double if the $5 trillion on the sidelines of the market is poured into the crypto space.
According to him, even if only 20% of the money in cash flows into cryptocurrencies, it would cause a huge price increase in Bitcoin and other digital assets.
The famous crypto figure explained that, as more investors pour money into cryptocurrencies, it would invite even more money, creating a pump and ultimately causing the price to go up. Ben added that if Bitcoin’s price begins to go up, it would encourage more people to invest in the asset, creating a bullish trend.
Quantitative Easing, Inflation, and Bitcoin’s Price
Ben’s prediction was based on the quantitative easing policy and the reversal of the inflation trend. The expert argued that the massive injection of money into the economy, combined with the policy of quantitative easing by the Federal Reserve, could trigger a rise in inflation.
However, as inflation goes up, the dollar value goes down, causing investors to turn to alternative assets like Bitcoin. Ben predicts that, given the massive amount of cash sitting on the sidelines of the market, Bitcoin’s price could increase to $50,000, almost doubling its current value.
Bitcoin Conference: A Bullish Catalyst?
He added that Bitcoin’s price typically experiences a pump around the time of the Bitcoin conference, which is scheduled for May 18-21 this year. Last year, the pump that led to Bitcoin Miami Conference almost hit $50,000, and then Bitcoin’s price plummeted to the start of the bear market. Therefore, Ben believes that if Bitcoin experiences a pump at the conference this year, it could be the start of a bullish trend for the asset. At press time, BTC was hovering around $27,800.
Nasdaq Set to Revolutionize Crypto Market with Launch of Custody Services in Q2 2023
Despite the recent turmoil in the cryptocurrency market, with Bitcoin and other digital assets experiencing significant price swings, several firms are launching custody services to attract institutional investors. These services are designed to provide secure storage of digital assets, making them an essential component for the institutional adoption of cryptocurrencies. Nasdaq recently announced its plans to launch its crypto custody services by Q2’s end.
Nasdaq Enters the Crypto Space
Nasdaq Inc. plans to launch its custody services for digital assets by the end of Q2, joining a growing number of traditional financial firms that could potentially act as crypto intermediaries, particularly in the wake of recent bankruptcies in the industry.
According to Ira Auerbach, Nasdaq’s Senior Vice President and Head of Digital Assets, the company is actively working to establish the required infrastructure and regulatory clearance for its custody services. To this end, Nasdaq has submitted an application for a limited-purpose trust company charter to the New York Department of Financial Services (NYDFS), which will oversee its custody service.
In September, Nasdaq announced its first major venture into the cryptocurrency space with a project that aims to offer safekeeping services for Bitcoin and Ether. According to Auerbach, this is the initial step in developing a comprehensive range of services for the company’s digital assets division, with future plans including financial institution executions.
Nasdaq Joins BNY Mellon, Fidelity to Offer Crypto Custody Services
Amidst recent closures of crypto-focused firms, traditional finance companies like Nasdaq are stepping up to bridge the gap. Notable examples include FTX exchange and banks Silvergate and Signature.
The recent failures of established cryptocurrency lenders, companies, and exchanges have presented an opportunity for other major players in the financial sector to offer safekeeping services for digital assets. In Q4 2022, BNY Mellon launched its own custody platform for digital assets, while Fidelity and BNP Paribas also entered the space, providing similar services. BNP Paribas partnered with Swiss digital asset safekeeping firm Metaco in 2022 to bolster their custody offerings.
Nasdaq Inc. has a history of involvement in the cryptocurrency market, having previously provided market surveillance technologies to various crypto exchanges. In Q1 2021, it launched the Hashdex Nasdaq Crypto Index ETF, based on its own index. The entrance of traditional financial players into the crypto industry, such as Nasdaq, is expected to boost the overall adoption of cryptocurrencies.
The launch of Nasdaq’s crypto custody services in Q2 2023 is a significant development for the cryptocurrency industry. It is expected to attract a large number of institutional investors who have been waiting for a trusted custodian to enter the market. Moreover, it will further legitimize the industry and help address one of the biggest obstacles to the institutional adoption of cryptocurrencies: security.
Ripple’s President Optimistic on a Win Against SEC Lawsuit, XRP Price To Set New Course
The XRP community has been advocating for centralized exchanges like Coinbase Global to re-list the digital asset amidst regulatory scrutiny by the SEC. As the sixth largest digital asset aims to bridge the gap between traditional financial institutions and the Web3 industry, the XRP community is bullish on long-term prospects. Moreover, XRP price broke out of a multi-month logarithmic downtrend on Tuesday after scaling to $0.49 during the intraday trading session.
According to the latest crypto price oracles, XRP exchanged around $0.42 during the early Asian market on Thursday, down approximately 9.8 percent in the last 24 hours. As the price retests January’s high and the 200 DMA holds a supportive position, the XRP market is poised to rally further in the coming days.
From a technical standpoint, the XRP bulls aim beyond $0.54 on the short-term profit margins as the next significant resistance level. Moreover, over $8.4 million worth of XRP has been liquidated in the past 24 hours, an indicator of a rising trend.
Ripple Optimist on a Win Against SEC on XRP
In a CNBC interview on Wednesday, Monica Long, president of Ripple who leads the marketing team, said she is ‘very hopeful’ about achieving a positive resolution to the SEC case. Long said she thinks it’s “very unlikely” Judge Analisa Torres will rule in favor of the SEC considering the facts presented.
Ripple’s president noted that the United States is lagging in providing a clear regulatory framework that allows the industry to bloom. As such, the blockchain payment company has significantly increased its presence outside the United States jurisdictions, particularly in Europe, where crypto regulations are much clearer.
“Europe is really emerging as a leader in setting really clear regulations and rules that allow crypto companies and also traditional finance to embrace crypto,” Long said.
Ethereum (ETH) Price All Set To Ignite The Altcoin Season : Massive Rally On Horizon
A number of causes, including the failure of crypto banks in the US like Silvergate and Signature, have recently contributed to a price decline in the cryptocurrency market. This changed, though, as this week saw a significant rally in both Bitcoin and Ethereum as they tried to maintain their bullish trend.
According to analytics firm Santiment, Ethereum (ETH), the second-largest cryptocurrency by market cap, has additional room for growth. They predicted that Ethereum’s price, which over the weekend touched a high last seen seven months ago, will rise above $2,000 in the near future.
Twitteratis give a thumbs up for Ethereum
Since August 18th, Ethereum’s price had not surpassed $1,840 and ETH sank to a two-month low earlier this month. Santiment claimed that Ethereum’s transaction costs dipped below $2 when ETH achieved a seven-month high instead of increasing above $8.
According to a Twitter poll Santiment conducted over the weekend, more individuals think Ethereum will rise above $2,000 first than think it will fall below $1,600 first. About 10% of those voted predicted that Ethereum will rise above $2,000 in the near future, while 5.2% said that it would fall below $1,600.
At the time of writing, Ethereum is trading at $1,797 and is up by more than one percent in the last 24 hours.
Brian Quinlivan, director of marketing at Santiment, claimed that the rise of Bitcoin and the collapse of the banking industry are related. Bitcoin is currently hovering above the $28k mark.
“So why did prices manage to soar? Well, there were a few different key events in the first half of March.The most obvious appeared to be the collapse of one of the larger US banks, Silicon Valley Bank (SVB). And it appears this has caused massive ripple effects among the banking sector, in general,” he said.
Bitcoin And Ethereum Set For Huge Bully Rally, Predicts Crypto Expert
Bitcoin and Ethereum could be headed for a significant rally, according to pseudonymous analyst DonAlt. The analyst who correctly predicted Bitcoin’s recent bottom believes that the leading cryptocurrencies are gearing up for big rallies.
DonAlt feels that Bitcoin and Ethereum are ready to make massive gains and are “poised to absolutely Giga moon” following their strong recovery to close the previous week.
Bitcoin’s Path to $32,200
DonAlt points out that Bitcoin is primed to take out the resistance at $24,300. The chart shows that Bitcoin’s next resistance is at $32,200 if it breaks above the supply area of $24,300. The analyst also notes that Bitcoin’s current rally is a sign that it is serving its one true purpose: as a hedge against uncertain times, particularly when banks steal money from people.
As for Ethereum, DonAlt notes that the leading smart contract looks bullish after bouncing back from last week’s low of $1,379 to recover support at $1,600. At the time of writing, ETH is worth $1,672, a surge of over 5.7% in the past day.
Buyers Flock To Crypto
Bitcoin’s price rebounded off the 200-day SMA ($19,717) on March 10, and the recovery picked up momentum after the break above $21,480. This suggests that lower levels are attracting buyers. The bulls continued the upward march and cleared the hurdle at $22,800 on March 13.
This opens the gates for a retest of the stiff overhead resistance at $25,250. If buyers overcome this barrier, the king coin could witness aggressive short covering. That may catapult the price to $30,000.
Ethereum rebounded off the support near $1,352, indicating aggressive buying at lower levels. The recovery strengthened after the bulls pushed the price back above $1,461. The largest altcoin rose back above the 20-day EMA ($1,565) on March 12, indicating that bulls are back in the game. Buyers will next try to stretch the relief rally to the overhead resistance at $1,743.
Top Altcoins Set for a Massive Breakout This Week, Experts Reveal Potential Levels
In the past week, crypto investors experienced trauma as several macro events caused a significant loss of funds from the global market cap. The crypto market was hit hard by the collapse of the SVB, which led to the depegging of the USDC stablecoin, reminding investors of the risks involved. However, the recent announcement of a $25 billion bailout by the Fed and Circle’s assurance of 100% USDC reserve recovery has resulted in the USDC stablecoin returning to its dollar peg. This, in turn, has sparked a massive spike in accumulation in the altcoin market, which may propel top assets above their breakout levels this week.
Will The Altcoin Market Rebound This Week?
On Monday, leading altcoins gained the spotlight following the announcement by US authorities to contain the consequences of Silicon Valley Bank’s (SVB) downfall. Additionally, the issuer of the USD Coin stablecoin reassured that it still can be exchanged for the dollar.
As the effect from the collapse of SVB will be short-term, investors are again making bets in the altcoin market for the long-term, and the following assets may soon fulfill the bullish goals.
Polygon (MATIC) Price Analysis
After forming a long bearish pattern in the price chart, MATIC has finally taken support near $0.94, from which the token is rebounding above its 23.6% Fib level. However, the EMA-50 trend line resistance has become a barrier as MATIC struggles to trade above $1.16. The addition of Covo finance and the upcoming launch of the much-anticipated zkEVM mainnet on the Polygon network may send MATIC’s price to new highs this week.
As of writing, the MATIC token trades at $1.19, with a gain of nearly 10% in the last 24 hours. A prominent crypto analyst, Weslad, predicts that MATIC’s price may soon break its crucial resistance of $1.5 and head toward the vital resistance of $3.4. However, after a minor downward retracement, MATIC may initiate its final wave to $13.
Lido DAO (LDO) Price Analysis
Lido token has broken multiple resistance levels today as it witnessed a massive spike in trading volume near the support level of $1.9. As of writing, the LDO token trades at $2.77, with an uptick of over 30%.
Analyzing the daily price chart, the LDO token is preparing to surge above the immediate resistance of $3.2, above which the token may reach a new high at $4. However, a failure to hold its current uptrend will result in a severe downtrend to $2.
The Graph (GRT) Price Analysis
The Graph token has been trading near a crucial breakout region after surging above EMA-50. As of writing, the GRT token trades at $0.14 with a gain of nearly 25%.
Looking at the 8-hour price chart, the GRT token may break $0.15 and spark a massive pump to $0.17. Moreover, the crossover of the RSI line and SMA-14 suggests a potential breakout for the GRT token this week.
Polygon (MATIC) Set to Overtake Cardano (ADA) in Market Cap with COVO Launch on Uniswap
The cryptocurrency market is highly volatile and changing, with Altcoins prices fluctuating based on various factors. In recent months, two of the most popular cryptocurrencies, Polygon (MATIC) and Cardano (ADA), have been competing for market share and investor interest. Let’s examine the factors that could lead to Polygon overtaking Cardano in market cap.
Polygon leading DeFi Token COVO Gains 65% in Past Weeks
The future of DeFi on Polygon looks bright, with many new projects and investors flocking to the network. The low fees and fast transaction times offered by Polygon make it an attractive alternative to Cardano (ADA). As more users and projects migrate to Polygon, the network will likely continue to grow and attract more attention from the broader cryptocurrency community.
COVO, the leading DeFi Token in the Polygon ecosystem, is rising. COVO is the utility tokens of Covo Finance, a decentralized exchange built on the Polygon network, which has surged by over 65% in the past weeks on Uniswap V3 (Polygon). Covo Finance offers DeFi traders, and investors fast and low-fee trading solutions with up to 50x leverage, making it a popular choice among those looking to maximize profits while minimizing risks. One of the significant advantages of Covo Finance is that stakers of COVO tokens are rewarded in three ways. Firstly, they receive 30% of all generated protocol fees, paid in MATIC and escrowed COVO (esCOVO) tokens, which can be either staked or vested. Rewards incentivize users to hold COVO tokens, which helps to increase the token’s value over time. The value of the COVO token is expected to continue to rise as Polygon attracts more users to its network, making it an excellent opportunity for those looking to capitalize on the growth of Polygon (MATIC) crypto.
Polygon (MATIC) vs. Cardano (ADA): A Detailed Comparison
Polygon and Cardano are third-generation blockchain platforms aiming to provide faster and more efficient transactions than their predecessors. While Cardano is a standalone blockchain, Polygon (MATIC) is a Layer 2 scaling solution for Ethereum, designed to address the network’s scalability issues.
Both cryptocurrencies have seen significant growth in recent months, with Polygon currently ranking #8 in market cap and Cardano ranking #7. However, Cardano’s market cap is presently higher than Polygon’s, at $10.62 billion compared to $9.25 billion for Polygon crypto.
Factors That Could Lead to Polygon Overtaking Cardano in Market Cap
One of the critical factors that could lead to Polygon overtaking Cardano in market cap is increased adoption and usage of the Polygon network. Polygon has seen significant growth in recent months, with 227.25k addresses in profit and 320.99k addresses in the loss.
The on-chain transactions volume on the Polygon network has been volatile in the past week, with a 7-day high of $353.71 million on March 9th and a 7-day low of $39.24 million on March 5th. However, the 7-day average transaction volume has been relatively stable at 4.13k.
Additionally, the number of significant transactions exceeding $100,000 has been increasing, with a 7-day high of 313 transactions on March 10th, indicating that more large investors and institutions are interested in the Polygon network.
Developer Interest and Innovation
Another critical factor that could lead to Polygon overtaking Cardano in market cap is increased developer interest and innovation on the Polygon network. Polygon is a Layer 2 scaling solution for Ethereum, which means that it is compatible with Ethereum smart contracts and can leverage the Ethereum developer ecosystem.
Polygon has also introduced several innovative features and initiatives, such as the Polygon Grants program, which provides funding to developers building on the Polygon network. Additionally, Polygon has recently launched the Polygon Studios initiative, which aims to support the development of gaming and NFT projects on the Polygon network.
Partnerships and Integrations of Polygon (MATIC)
Partnerships and integrations with other blockchain projects and platforms can also drive the growth of a cryptocurrency’s market cap. Polygon has formed partnerships and integrations with several high-profile projects, including Aave, Curve Finance, SushiSwap, and the recent deployment of Compound Finance V3 on Polygon mainnet.
Launch of Polygon (MATIC) zkEVM Mainnet on March 27th
Polygon (MATIC) has announced the beta launch of its zero-knowledge Ethereum Virtual Machine (zkEVM) mainnet, which will take place on March 27th after three and a half months of battle testing. The system uses zero-knowledge proofs to validate transaction data before bundling and confirming them on Ethereum, enabling significant transaction cost savings. Polygon is not the only team working on a zkEVM solution, with other scaling providers such as zkSync and Scroll also developing similar technology. The development of the zk-rollup scaling technology has been ongoing for the past three years. Security has been the highest priority, with the system having undergone a series of tests and audits.
Market Trends and Sentiment
Finally, market trends and sentiment can also play a role in the growth of a cryptocurrency’s market cap. The cryptocurrency market is notoriously volatile and can be affected by various factors, including regulatory changes, investor sentiment, and global economic conditions.
While Cardano has seen significant growth in recent months, it has also faced criticism and skepticism from some analysts and investors. On the other hand, Polygon crypto has been gaining traction and support from the cryptocurrency community, with some experts predicting that it could become a top-performing cryptocurrency in the coming months and overtake Cardano (ADA) in market cap.
Shiba Inu and XRP Prices Set to Ignite a Bullish Rally! Expert Analyst Charts Resistance Levels for SHIB and XRP
Investors are scrambling to withdraw their funds from the crypto market to avoid potential risks, leading to intense selling pressure. Unfortunately, the altcoin market has suffered a significant blow due to Silvergate bank’s operational pause, which has left it range-bound. Nonetheless, in the midst of this bearish market sentiment, investors have added Shiba Inu and XRP tokens to their portfolios. This is because of the excitement surrounding the launch of Shibarium and Ripple’s confidence in winning their legal battle against the SEC, forcing investors to make long-term bets on Shiba Inu and XRP, respectively.
Shiba Inu And XRP Aim For A Bullish Future
In the last few weeks, the crypto market’s high fluctuation rate has left investors anxious and frustrated. Moreover, the possible interest rate hikes hinted at by Jerome Powell have become a price barrier for the altcoin market. However, despite facing challenges in the past, Shiba Inu and XRP prices are poised for a turnaround as the current market conditions and recent developments signify a potential bullish rally.
Shiba Inu (SHIB) Price Analysis
Shiba Inu has become one of the most talked-about meme coins in 2023, as it has gained over 70% since January. As Shiba Inu aims to accelerate transaction speed with the launch of Shibarium, it seeks to place it at the top of DeFi applications.
Moreover, the massive revenue rise for the Shibaswap platform may soon spark fresh surges for the SHIB token.
According to IntoTheBlock, a crypto intelligence tracker, Shiba Inu’s next significant resistance lies within the range of $0.000014 to $0.000020. This range is critical because it represents the level at which 98,240 addresses purchased a staggering 469.97 trillion SHIB tokens.
As of writing, Shiba Inu trades at $0.00001105, with a decline of over 1.5% in the last 24 hours. A well-known analyst, MMB Trader, predicts a bullish comeback for the SHIB token as a rebound from $0.00001021 will push the token to crucial resistance of $0.000017. If the SHIB token breaks the crucial resistance, it may witness a heavy pump and surge to $0.00002044.
XRP Price Analysis
XRP has been experiencing a steady upward trend since March 6, but it was on March 7 that the price surge gained significant momentum. This resulted from Judge Torres’ decision to exclude expert testimony from the Ripple lawsuit, leading investors to speculate that the lawsuit’s resolution may be closer than expected. As a result, the rally has strengthened, bringing renewed optimism to XRP investors.
As of writing, XRP price trades at $0.394 with a gain of 0.64% in the last 24 hours. Analyzing the 4-hour price chart, XRP price is gaining much attention from the bulls as it witnesses a spike in buying pressure. The $0.4 mark still plays a crucial role in the XRP price chart as a breakout above the triangle pattern will send XRP above 38.6% Fib level to trade near $0.55.
Solana Squads website gets updated, DOS Labs’ Avalanche subset levels up gaming while TMS Network set to bring revolutionary functionalities
In the ever-evolving world of blockchain and cryptocurrency, three recent updates regarding Solana (SOL), Avalanche (AVAX), and TMS Network (TMSN) have caught the attention of enthusiasts and investors alike.
Solana (SOL) Squads website gets revamped
The Squads Protocol website has been modified to align with the improved product vision that emerged during the finalization of Squads v3. Squads serves as a tool to streamline the administration of developer and treasury assets for teams constructing projects on Solana (SOL) and SVM.
At the Solana (SOL) Hacker House event in Moscow last year, Squads disclosed the launch of its mainnet, and also declared a $5 million strategic funding round to coincide with the expected rollout. With the introduction of Squads, a collaborative infrastructure protocol, Solana (SOL) is likely to become an attractive option for decentralized teams and ventures. Squads protocol satisfies several essential requirements for DAOs on Solana (SOL) in a unified manner, allowing for decentralized collaboration while ensuring transparency.
At present, the Solana (SOL) price stands at $20.80, accompanied by a trading volume of $315 million over the past 24 hours. In the previous 24 hours, Solana (SOL) has experienced a decline of 1.40%.
Gaming is transformed by DOS Labs’ Avalanche (AVAX) subset
DOS Labs has introduced the Avalanche (AVAX) subnet, a comprehensive platform for game developers and players that includes an exchange, asset management tools, and various other functionalities. The Avalanche (AVAX) subnet is designed to eliminate the obstacles that impede the creation of Web3 games, and has partnered with the Vietnam Game Developer Association to develop the upcoming generation of games on the subnet.
As per Ed Chang, the gaming chief at Ava Labs, the Avalanche (AVAX) subnet offers the Vietnam Game Developer Association an opening to establish an entire gaming platform equipped with fresh revenue streams and opportunities for partnership. Avalanche (AVAX) subnet is set to transform the gaming landscape with various functionalities.
The Avalanche (AVAX) price is $16.39, with a trading volume of $151 million over the past 24 hours. In the previous 24 hours, Avalanche (AVAX) has experienced an increase of 0.11%.
TMS Network (TMSN) is set to revolutionize the trading landscape with its innovative functionalities
Imagine a trading platform where you can deposit and withdraw funds instantly, using cryptocurrency. TMS Network (TMSN) is here to make it a reality. With its secure and transparent framework, traders can now trade effortlessly. TMS Network (TMSN) believes in the power of blockchain technology, and aims to solve the centralization issues that plague the trading industry.
TMS Network (TMSN) generates revenue through a small commission charged on each trade. However, this commission isn’t just benefiting the platform – it’s also shared with TMS Network (TMSN) token holders via smart contracts. This unique revenue-sharing mechanism creates a positive cycle where users are incentivized to trade more, increasing profits for the platform and its users. By holding TMS Network (TMSN) tokens, you become an integral part of the community, contributing to the growth and prosperity of the platform. Thus, with TMS Network (TMSN), everyone wins.
TMSN has concluded its first stage of presale. The project raised a whopping $500K within two weeks of its presale. With its innovative approach to trading, TMS Network (TMSN) is definitely one to watch out for in the future.
Conclusion
With these developments in Solana (SOL), Avalanche (AVAX), and TMS Network (TMSN), we can expect to see further advancements and innovations, creating more opportunities for growth and prosperity in the crypto space.
Presale: https://presale.tmsnetwork.io
Telegram: https://t.me/TMSNetworkIO
Twitter: https://twitter.com/tmsnetworkio
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Breaking Barriers: The Top 3 Crypto Set to Disrupt their Respective Industries in the Next Bull Market: Flux, Harmony, And HedgeUp
Cryptocurrencies have been gaining popularity in recent years as a legitimate form of digital currency that allows for peer-to-peer transactions without the need for a central authority. With the advent of blockchain technology, crypto has the potential to disrupt a variety of industries, from finance to supply chain management. In this article, we will take a closer look at three cryptocurrencies that have the potential to break barriers and disrupt their respective industries in the next bull market: Flux ($FLUX), Harmony ($ONE), and HedgeUp ($HDUP).
HedgeUp: Revolutionizing the Alternative Investment Market using DeFi
HedgeUp is a unique platform that aims to become the first alternative investment platform within the cryptocurrency sphere. Its goal is to make it easy for people to invest in high-value assets that were previously beyond their reach. By bridging the gap between traditional and cryptocurrency investors, HedgeUp hopes to open up opportunities in the alternative investment market.
The platform will offer a wide range of alternative products, such as wine, diamonds, gold, private jets, and luxury watches. HedgeUp aims to make it easy for people to generate annual returns between 28% and 36% by partnering with high-end startups and negotiating deals with third-party vendors to provide access to a wide array of alternative investment products. It has assembled a team of professional experts with over 30 years of experience in alternative investment products to teach people how to invest in these assets.
In addition, HedgeUp will enable fractional NFT purchases, making it easier for people to own a piece of an NFT, depending on the amount they wish to invest. The native cryptocurrency $HDUP acts as a medium of exchange for buying and selling alternatives. Currently, the platform has launched its presale event where potential buyers can invest.
Flux Labs Partners with the Secret Garden of Kadena project to create a multi-game ecosystem
Flux is a cryptocurrency that powers the Flux ecosystem. It is focused on empowering individuals to develop, deploy, and use the decentralized internet of the future, known as Web3. The Flux project was founded by Daniel Keller, Tadeas Kmenta, and Parker Honeyman. The ecosystem includes a native Proof-of-Work (PoW) cryptocurrency, a powerful decentralized computational network (FluxNodes), and parallel assets to provide interoperability with other blockchains. Flux’s decentralized network is the largest in the world, with around 15,000 nodes distributed globally.
The project is unique in that it is truly decentralized, with no single point of failure and 100% uptime. According to reports, Flux Labs has entered into a partnership with a gaming project, Secret Garden of Kadena. The partnership aims to run its games on the Flux decentralized Web3 infrastructure. This collaboration aims to leverage the benefits of the decentralized Web3 infrastructure provided by Flux to enhance the gaming experience.
Harmony Foundation completes wallet rotation for $ONE token
Harmony is an open-source, decentralized blockchain platform that aims to provide fast, secure, and scalable infrastructure for decentralized applications and services. The project was founded by Stephen Tse and Nick White. The Harmony blockchain utilizes a unique consensus mechanism called “Fast Byzantine Fault Tolerance” (FBFT) that enables high transaction speeds and scalability. The platform also utilizes sharding to divide the network into smaller groups of nodes, known as “shards,” which work together to process transactions and maintain the integrity of the network.
The distribution of the coins is primarily through mining and staking, with a small percentage also reserved for the team, advisors, and community development. The native cryptocurrency of the network is known as $ONE. According to reports, a planned rotation of wallets has been completed by the Harmony Foundation. The $ONE tokens that were previously held in a single wallet have been transferred and are now securely stored in multiple multi-signature wallets. This process aims to ensure the security and safety of the $ONE tokens and the foundation’s assets.
Flux ($FLUX), Harmony ($ONE), and HedgeUp ($HDUP) are the top three cryptos that are set to disrupt their respective industries in the next bull market. Each of them offers unique solutions and use cases that have the potential to revolutionize their industries. Flux offers a decentralized platform for creating and trading virtual items in a wide range of games and apps while Harmony offers a high-performance blockchain platform that utilizes sharding to increase transaction speed and scalability. However, it is HedgeUp that is emerging as the hot favorite of crypto analysts as it offers a decentralized platform that allows investors to create and trade custom-tailored assets in a trustless and transparent environment.
For more information on HedgeUP click the links below:
Presale Sign Up: https://app.hedgeup.io/sign-up
Official Website: https://hedgeup.io
Community Links: https://linktr.ee/hedgeupofficial
Ethereum Set to Surpass Bitcoin as the World’s Leading Cryptocurrency, According to Raoul Pal
Raoul Pal, CEO of Real Vision, believes that rather than seeing cryptocurrencies as assets, investors should see them as digital nations. In a recent blog post, the former Goldman Sachs executive claimed that crypto ecosystems are networks that create both intrinsic and extrinsic value. He argues that the foundation of the Bitcoin (BTC) network is the idea that BTC is an autonomous monetary system free from the corrupting influence of governments.
Pal said that it fiercely defends the integrity of the protocol of how its society operates and, as a result, avoids innovation in the interest of preserving purity. He cited an example of the Bitcoin market as the Catholic Church during the Middle Ages or the gold-bug subculture. In the Bitcoin economy, Bitcoin is the lone asset that exists. Hence, the only option one has if you want to invest money in this market is to HODL (hold on for dear life) Bitcoin.
In comparison, according to Pal, the Ethereum (ETH) network is more like the intricate American economy. In this system, one can begin by buying ETH, which has a deflationary supply, or an amount that gets lesser with time. Since value must be maintained and not debased, its ‘central bank’ (the staking) follows prudent monetary policy.
Pal points out that staking ETH is comparable to buying US Government bonds, whereas decentralized finance (DeFi) can be compared to the riskier banking industry. He forecasts that over time, the Ethereum economy will grow to be larger than the Bitcoin economy due to its higher level of complexity. Pal also contrasts the economics of XRP and Ethereum rival Solana (SOL) with those of their respective home countries.
“Solana on the other hand might be South Korea just after the Asian crisis when its currency and equity market came crashing down. It was an unmatched opportunity that outperformed both the USD and SPX for six years. However, it did not stand the test of time. It failed to continue the outperformance. Who knows how Solana will play out.”
HedgeUp (HDUP) and Decred (DCR) Set To Boom in 2023
Cryptocurrency investors always have a coin they stick to because of how much they gain from it. They are constantly checking out the crypto updates and seeking ways to improve the project.
Though most cryptocurrencies encountered challenges in 2022, some have kept grinding and moving forward. Those coins not struck down by the winter are coins to stick to.
HedgeUp (HDUP) and Decred (DCR) have stood out in the previous year and had great success. These are coins that every investor should take advantage of in 2023.
This article will evaluate why investors can’t afford to miss out on these coins in 2023.
HedgeUp (HDUP) is undertaking the task of creating value for users.
HedgeUp (HDUP) is considered a newbie in the crypto industry but has yet to become an amateur. Every individual can be a crypto investor and join the league of prominent individuals worldwide, thanks to HedgeUp.
HedgeUp investment is a cryptocurrency that combines two incredible industries to produce a much better one. It has allowed investors to leverage investing in a profit-filled sector, the traditional industry.
HDUP Investors can diversify their portfolios and invest in high-value commodities like elegant watches, fine arts, private jets, etc. It gives them the privilege of owning a fraction of precious items, even though they couldn’t afford them.
Those high-value items can be converted into NFTs and sold in the marketplace. NFT is a blockchain sector that has yielded and experienced massive growth in the past few months. Even though other sectors were affected by the winter, NFTs were not so concerned.
With the NFT, users can also play games with them and place them as bets on their gaming platforms. HDUP users have the edge over other players because they bring something valuable.
HedgeUp (HDUP) has also opened the door for individuals to learn about cryptocurrency and traditional investments. Cryptomasters do it on an online platform. HedgeUp is a coin that investors constantly talk about and should be noticed in 2023.
Decred (DCR) proposes the reduction of cryptocurrency hard forks.
Decred (DCR), also known as decentralized credit, is an autonomous cryptocurrency that uses a hybrid consensus mechanism. The mixed consensus provides open government and financial independence for the users. It means the users can all contribute to the growth and development of the project.
DCR also uses hybrid proof of stake consensus to establish a balance between crypto miners and users. It solidifies its decentralized system because a single individual or small group cannot take over the project. Every decision taken is made with the permission and approval of the community.
Decred intends to help crypto projects have the opportunity to control their digital currencies. Most crypto projects want to avoid the frequent happenings in Bitcoin (BTC). BTC is regarded as the first crypto to be launched on the blockchain. But then, it has no control over its community, resulting in multiple hard forks.
Crypto hard fork happens as a result of the dissatisfaction of community members, which has grown over time. The user might be dissatisfied with the functionality of the project or how policies are implemented. This dissatisfaction makes users want to break out of the existing crypto community.
Decred (DCR) is a cryptocurrency that is trying to tackle the issue of the hard fork, which is one of the biggest challenges in the crypto industry. DCR was one of the hard forks of BTC and has found a way to keep other projects together. It is possible through the constant community involvement of users.
The crypto winter has exposed the weakness and strengths of every coin in the crypto space. It has indicated to investors which currency is better and should be invested in. HedgeUp (HDUP) and Decred (DCR) are great coins that have gained massive attention, and every investor should take advantage of the opportunity of adding them to their portfolio.
For more information on HedgeUP click the links below:
Presale Sign Up: https://app.hedgeup.io/sign-up
Official Website: https://hedgeup.io
Community Links: https://linktr.ee/hedgeupofficial
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Orbeon Protocol (ORBN), Shiba Inu (SHIB) and Bitcoin (BTC) Cryptos Set To Dominate In March
Welcome to this article on three powerhouses of the cryptocurrency world, Orbeon Protocol (ORBN), Shiba Inu (SHIB) and Bitcoin (BTC). All three of these digital assets are set to rise in popularity in March 2023, especially with Orbeon Protocol (ORBN) continuing to pump during the ongoing presale with a new token price of $0.0835 in its ninth phase. Let’s take a look at each of these cryptos and what makes them so attractive.
Shiba Inu (SHIB)
Shiba Inu (SHIB) was created as a “Dogecoin killer” and is currently the 14th largest cryptocurrency by market capitalization. Shiba Inu (SHIB) was by far the largest gainer during the 2021 bull run, with Shiba Inu (SHIB) pumping by more than 10,000% in a year.
Shiba Inu (SHIB) started off as a meme coin that relied on hype to generate investor interest. But now, Shiba Inu (SHIB) has matured and is being adopted by more serious investors looking for exposure to a fast-appreciating asset.
Shiba Inu (SHIB) is about to release the long-awaited Shibarium — a scaling solution that will result in faster and cheaper transactions. This could be the catalyst that takes Shiba Inu (SHIB) to the next level, making it one of the top-performing digital assets of all time.
The market is already waking up to the latest Shiba Inu (SHIB) news, with the Shiba Inu (SHIB) price appreciating by more than 100% since the turn of 2023.
Bitcoin (BTC)
Bitcoin (BTC) has become the poster boy of the cryptocurrency world, and for good reason. Bitcoin (BTC) is the largest and most well-known cryptocurrency, with a market capitalization of over $1 trillion. Bitcoin (BTC) has been around for over a decade, and during that time it has gone through a lot of ups and downs.
In 2021, Bitcoin (BTC) experienced a significant pump to new all-time highs, making many early investors millionaires. This surge in price and popularity led to more people becoming interested in cryptocurrencies, especially Bitcoin (BTC).
However, Bitcoin (BTC) couldn’t sustain these highs and it has since dropped back down to a recent low of $15,600. The good news is that Bitcoin (BTC) has seen a resurgence, with the price currently sitting at over $23,000.
Analysts are predicting that Bitcoin (BTC) has ‘bottomed out’ — making this a great time for investors to get in on Bitcoin (BTC) before the next halving event.
Orbeon Protocol (ORBN)
By leveraging blockchain technology, Orbeon Protocol (ORBN) has created a decentralized and transparent platform that empowers both startups and investors. On the Orbeon Protocol (ORBN) platform, investors can purchase NFTs that are tied to startup equity — enabling them to have a stake in the success and growth of these startups.
Startups that need funding can use Orbeon Protocol (ORBN) to crowdfund their projects and expand their network. No longer are greedy bankers standing in the way of great ideas. With the help of Orbeon Protocol (ORBN) any startup can access the funds they need to make their dreams a reality.
The Orbeon Protocol (ORBN) smart contracts take the decentralization of crowdfunding one step further by automating all the payment, security and legal procedures. This means no need for third-party middleman services, creating a greater level of trust between buyers and sellers.
The Orbeon Protocol (ORBN) presale is now nearing completion, and the platform is set to launch soon as well as already seeing a 1988% price appreciation. With its innovative approach to crowdfunding and equity investments, Orbeon Protocol (ORBN) could prove to be a game-changer for the startup world.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
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Is BTC Price Set To Rebound After Its Sharp Decline? Analyst Marks Potential Breakout Levels For Bitcoin
With hotter-than-anticipated economic data released in February, uncertainty over inflation has increased, and the U.S. stock market is now at a crucial crossroads. Despite growing concerns among investors, the economy displays signs of resilience that may help safeguard Bitcoin against a significant downward shift. Although Bitcoin investors are advised to remain cautious until the release of new economic data and the United States Federal Reserve meeting in March, specific indicators propose that the worst scenario is still in the game regarding fresh BTC lows.
Bitcoin’s Sharp Decline Leaves Investors in Despair
On Friday, the decline of Bitcoin (BTC) was initiated by concerns surrounding the crypto-friendly bank Silvergate (SI), causing the removal of bullish leverage from the futures market. Glassnode’s data shows that during Asian hours, exchanges liquidated longs or bullish Bitcoin futures, which amounted to more than $62 million, the largest sum since August. Additionally, there were short liquidations worth just over $500,000.
Investors in Bitcoin who are still reeling from the shock of recent failures in cryptocurrency companies and banking issues may encounter yet another potential issue: a recovering United States dollar. Currently, there is a widespread belief that the appreciation of the U.S. dollar against other major global currencies, as indicated by the DXY index, will have an adverse effect on Bitcoin.
On March 3, On-chain data from the crypto analysis platform IntoTheBlock, revealed that Bitcoin has fallen below a significant demand zone at $23,000. This decline has resulted in a robust downward momentum, and Bitcoin may potentially retest levels below $20,000. Despite this, there is still a chance for BTC to make a comeback if it surpasses the $23,700 barrier.
What Is Waiting For BTC Price Next?
Bitcoin price has just hit its two-week low, creating a challenging situation for a bullish reversal. An extension in the bearish rally will further weaken investors’ sentiment and bring significant losses as buyers previously opened massive long positions near the $24K level.
As of writing, Bitcoin trades at $22.4K, declining over 3.4% in the last 24 hours. BTC price has recently broken below its crucial support level of $22.5K and aims to trade below its 0.31 Fib levels in the next few hours. However, there is still hope for investors, as positive news near the $22K level will prevent Bitcoin from dropping to the $20K level.
A breakout above the SMA-200 trend line at $23.2K will send the asset to $25K again, from which a smooth upward rally to $28K can be witnessed.
Bitcoin Price Set to Explode as Supply Shock Looms Large
As Bitcoin’s popularity continues to soar, analysts are predicting a potential supply shock due to the decreasing availability of Bitcoin on exchanges. With a lower supply of Bitcoin and increasing demand, the price of the cryptocurrency is expected to skyrocket.
US Market and Bitcoin Overview
According to CryptoRUS’ George Tung, the US market remains unstable due to conflicting reports about the Fed’s stance and varying opinions of Wall Street investors.
Despite this, Bitcoin’s value has remained strong and continues to outperform tech stocks and Chinese stocks.
Tung points out that the long-term potential of Bitcoin is undeniable and will always dominate the market due to its consistent growth over the past five to ten years.
Price Divergence Year for Crypto
Bank of America predicts that 2023 will be the year for price divergence for crypto, which means that the different categories or niches of cryptocurrencies will become more apparent.
Bitcoin’s dominance in the market will continue to impact the value of other cryptocurrencies in their respective categories, including utility coins, payment coins, and stablecoins.
Bitcoin Supply on Exchanges
George Tung highlights the decreasing availability of Bitcoin on exchanges, reaching a five-year low. While this might be perceived as bullish, it may also indicate a potential supply shock in the future.
As demand for Bitcoin continues to rise, the cryptocurrency’s scarcity on exchanges may drive up the price, creating a supply and demand imbalance.
Companies Holding Bitcoin
Many companies are holding large amounts of Bitcoin, which further decreases its availability. For instance, Block holds $130 million worth of Bitcoin, while Galaxy Digital holds 40,000.
Tesla holds over 10,000, and Grayscale Trust holds 640,000 Bitcoins, among other entities. This number is expected to increase as more companies invest in Bitcoin.
Implications of Supply Shock
A supply shock can have significant implications for Bitcoin’s price and the cryptocurrency market. As Bitcoin’s scarcity on exchanges increases, demand is expected to surge.
This could lead to a massive surge in Bitcoin’s price, which could potentially break its previous high and reach new levels of value.
The implications of this could have a significant impact on the overall cryptocurrency market, as Bitcoin’s value often influences the value of other cryptocurrencies.
Bitcoin’s Fundamentals
Bitcoin’s fundamentals are also solid, with the Lightning Network hitting an all-time high for liquidity and the hash rate continuing to increase.
Bitcoin is also following similar fractal patterns to its previous breakout in 2018-2020. The Lightning Network has become a critical payment network, and Bitcoin’s growing adoption worldwide is expected to fuel demand further.
Ripple Vs SEC: The High-Stake Legal Battle – Can Ripple Set A Precedent For The Crypto Industry?
As the legal battle between Ripple and the Securities Exchange Commission (SEC) over the sale of XRP continues, the crypto community is anxiously awaiting the outcome. In the midst of this, LBRY, a blockchain-based content distribution platform, is urging Ripple to take the lead in saving cryptocurrency in the United States.
Ripple: The Key To A Bright Future For Crypto In The US
According to LBRY, Ripple is by far the best chance for cryptocurrency in the U.S., as other crypto players in the country are not stepping up to play offense. This means that the future of cryptocurrency in the U.S. is essentially resting on Ripple’s shoulders.
LBRY’s statement is coming at a time when the SEC’s power to provide oversight in the crypto space and the unsealing of vital documents are the main focus of the ongoing case between Ripple and the regulator. The SEC alleges that Ripple sold XRP as unregistered securities and is using the company to establish its authority in regulating the crypto industry.
Debate on Securities Classification Continues
The debate on the classification of cryptocurrencies as securities also continues, with pro-XRP lawyer John Deaton questioning a statement by SEC Chair Gary Gensler alleging that any crypto besides Bitcoin is classified as a security. Deaton argues that there is no consensus on securities classification, and the SEC’s position on XRP is just one interpretation of the law.
Ripple Settlement On The Horizon
Deaton has shared a possible settlement for Ripple and the SEC, where Ripple would pay $100-250 million if the regulator agrees that ongoing and future sales of XRP are not classified as securities. However, he cautions that the likelihood of the SEC agreeing to this approach is minimal, given the agency’s increased crackdown on the digital asset space.
Ripple’s General Counsel, Stuart Alderoty, has also expressed confidence in the company’s case, stating that the SEC has minimal chances of winning at the Supreme Court based on historical outcomes.
Coinbase in the Crosshairs: SEC Set to Strike Next in Cryptocurrency Crackdown
Coinbase, one of the largest cryptocurrency exchanges in the world, is currently facing an SEC investigation into its staking program. A staking program is an earning program that allows users to earn rewards for holding certain cryptocurrencies on the exchange.
The investigation comes in the wake of a similar case involving the Kraken exchange, which settled with the SEC for $30 million and also banned its staking services from the U.S.
In response to the investigation, Coinbase’s chief legal officer, Paul Grewal, has emphasized that their staking services are different from those offered by Kraken. He states that Coinbase’s users retain ownership of their cryptocurrency at all times, and Coinbase acts as an intermediary.
Another difference is that Coinbase’s financial operations are transparent, as the company is publicly listed. Grewal has stated that the SEC needs to make clear distinctions in its policies rather than taking matters to the court at the end moment to clarify regulatory policies to companies and the general public.
SEC chair Gary Gensler has called on firms to register their products with the regulator, a move that Coinbase is reportedly willing to comply with for applicable products. However, the netizens are expressing frustration with the SEC, arguing that stricter regulations are doing more harm than good for investors.
Coinbase CEO, Brian Armstrong, has stated that he is willing to take the matter to court if necessary. The SEC’s investigation into Coinbase’s staking program comes amid growing regulatory scrutiny of the cryptocurrency industry. As the industry continues to evolve and mature, it is likely that regulators will continue to grapple with how best to balance innovation and investor protection.
Brian also stated that there is a risk that the United States may lose its position as a financial hub in the long term due to the lack of clear regulations on cryptocurrencies and a hostile regulatory environment. To prevent this, Congress should act soon to pass clear legislation. Meanwhile, other countries like the EU, the UK, and Hong Kong are leading the way in cryptocurrency regulation.
Polkadot powers up for security, Cosmos soars to new heights as a viable Ethereum alternative, while TMS Network (TMSN) is all set to take trading to the next level: Disrupting the status quo
The cryptocurrency world is constantly growing, with new players and game-changers popping up regularly. In recent news, the Polkadot (DOT) network has been making waves with its commitment to boosting security and forming powerful partnerships to protect the blockchain.
On the flip side, Cosmos (ATOM) has been setting new records as a potential rival to Ethereum, capturing the hearts and wallets of investors. Now, TMS Network (TMSN) is entering the arena, poised to shake up the digital landscape by raising the trading bar. In this article, we will explore these exciting developments and discover the potential impact they could have on the ever-evolving cryptocurrency world.
Polkadot (DOT) network has been flexing its muscles and forming a force to protect the blockchain
Polkadot (DOT) Alliance is formed to enforce standards and protect the blockchain from bad actors. This can be achieved by having the ability to recognize and expose those who do not adhere to the standards and guidelines set out by the alliance. The hope is that this will help promote a positive and secure environment for the Polkadot (DOT) network. These seven projects – Acala, Astar, Interlay, Kilt, Moonbeam, Phala, and Subscan – are at the forefront of innovation, and have formed an alliance to drive the growth and development of the Polkadot (DOT) network.
However, as with any new initiative, there are potential drawbacks that should be considered while investing in Polkadot (DOT). The lack of governance powers within the Polkadot (DOT) Alliance may limit its effectiveness in achieving its goals. The Polkadot (DOT) Alliance’s pursuit of unmasking the mischievous forces in the ecosystem could ignite a fiery and split-prone atmosphere in the community. Thus, It is important to find a balance between promoting positive practices and holding individuals accountable, without fostering a toxic environment.
As of now, Polkadot (DOT) is trading at $6.61, which represents a significant drop of 87.99% from its peak value of $55.
Cosmos (ATOM): The platform of choice over Ethereum
The recent issues of scalability and high transaction fees of the Ethereum Network have pushed many users and developers towards alternatives, with Cosmos (ATOM) emerging as a strong contender. The Cosmos (ATOM) platform utilizes a consensus mechanism called Tendermint, which is a type of PoS. This allows for faster and cheaper transactions, without sacrificing security. The consensus mechanism of Cosmos (ATOM) also allows for interoperability with other blockchains, further expanding its reach and usefulness. This has resulted in a growing number of developers and users turning to Cosmos (ATOM), making it a platform of choice over Ethereum. Despite its success as a viable Ethereum alternative, the future of Cosmos (ATOM) remains uncertain as the token value has been consistently declining. As of writing, Cosmos (ATOM) is priced at $14.74, a decrease of 1.04% in the past 24 hours. Cosmos (ATOM) is 66.88% down from its all-time high of $44.70.
TMS Network (TMSN) paves the way for a better trading experience
TMS Network (TMSN) is a decentralized trading platform that is paving the way for a better trading experience. At the heart of TMS Network (TMSN) is blockchain technology, which provides a secure and transparent platform for all transactions. Thus, traders can be confident that their trades on TMS Network (TMSN) are safe and secure, and that all transactions are fully auditable.
Currently trading at $0.0047, TMS Network (TMSN) also eliminates the need for intermediaries, reducing costs while enabling faster and more efficient trades.
Moreover, TMS Network is committed to making trading accessible to everyone. Its user-friendly interface and intuitive design make it a breeze to navigate, allowing traders of all levels to trade with confidence. Additionally, with a wide range of trading pairs available, including stocks, CFDs, cryptocurrency, and forex, TMS Network provides traders with endless opportunities to diversify their portfolios.
So why settle for an outdated and unreliable trading platform when you can join the TMS revolution? Embrace the future of trading with TMS Network (TMSN) and get ready to take your trading game to the next level. Join the TMSN community today, and experience the future of trading for yourself!
Presale: https://presale.tmsnetwork.io
Telegram: https://t.me/tmsnetwork
Twitter: https://twitter.com/tmsnetworkio
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Is Fetch.ai (FET) Price Set To Dominate The AI Crypto Market In 2023?
A recent report found that the artificial intelligence (AI) market is estimated to grow at a Compound Annual Growth Rate (CAGR) of about 22.26 percent between 2022 and 2027. Reportedly, the size of the AI market is forecasted to increase by approximately $125.3 billion.
Nonetheless, AI’s exponential growth will depend on several factors, including keeping fraudulent activities and malicious attacks under control.
Blockchain technology, which has gained global recognition due to its tamper-proof capabilities, is expected to play a crucial role in adopting AI-decentralized cloud-based projects. The future growth prospects of decentralized applications rely heavily on their ability to embrace artificial intelligence to implement smart contracts seamlessly.
Fetch.ai (FET) Gains Whale Attention
There is an old saying within the crypto community that says, ‘there is always a bull market somewhere’. During the past two months, Fetch.ai’s (FET) price has gained about 10X. At the beginning of last December, FET price was trading around $0.058 and has scaled to a new year high of about $0.58. As a result, whale traders have been attracted by the huge volatility, which analysts forecast will continue in the near term.
According to on-chain analytic firm Santiment, the Fetch.ai network has facilitated 135 million FET tokens worth about $61.2 million to an Ethereum whale account.
With a 24-hour trading volume of about $154 million, the FET ecosystem enjoys a market capitalization of approximately $450 million.
“FetchAi, now the 102 assets by market cap in crypto, after skyrocketing +395% in 2023, has seen its largest transaction in 567 days. $61.2M worth of $FET has been transferred to an existing whale address, which also holds 224.46M in $ETH,” Santiment noted.
XRP Price Set to Soar: Analyst Reveals When And How XRP Will Break the $1 Barrier
Ripple’s XRP followed the larger crypto market in the red this morning after a positive Friday session. As there were no new developments in the SEC v. Ripple case to offer guidance, XRP was left in the hands of the broader crypto market.
According to expert Egrag Crypto, XRP might soar to a high of $1.4 if it successfully reverses the current downturn in which the asset has been trapped since May 2021. In its current 21-month slump, XRP has developed a falling wedge pattern (This pattern is a bullish reversal pattern).
The analyst outlined two potential outcomes for the asset at its current price: a drop to $0.22 if the downtrend is maintained, and an increase to $1.4 once the trend reversal takes hold. The last time the price of XRP reached $1.4 was in May 2021.
When the price of an asset is heading downward but the price swings start getting smaller and smaller as they go down the slope, producing a wedge shape, a falling wedge pattern develops. This pattern, which implies that the buyers are taking control and the selling pressure is waning, is regarded as positive since it may portend an increase in price.
Egrag predicts that as XRP begins to see a trend reversal, the price of $1.4 would come into play. He did, however, mention that a crucial resistance level for the asset’s price movement would be the Fibonacci point at $0.786. Notably, XRP’s bullish run to $1.4 becomes significantly more possible if it can overcome the resistance at this level.
Since yesterday’s low of $0.4013, the price of XRP has been rising steadily for the past few days, and it is currently trading at $0.4150. The price has been able to climb above the crucial $0.4126 resistance level thanks to the bulls, and a good close above this level is likely to confirm that the current trend is up.
Snowfall Protocol (SNW) Presale Set To Sell Out As Bitcoin (BTC) and Ethereum (ETH) Prices Signal Increased Market Enthusiasm
As the year begins, the crypto market is obviously regaining its feet after the crypto winter of 2022. Bitcoin (BTC) and Ethereum (ETH) are at the forefront of this new rally, trading around the $23,000 and $1,500 mark, respectively.
This could only mean one thing; market enthusiasm is once again on the rise, and groundbreaking protocol Snowfall Protocol (SNW), currently in its final presale phase, is sailing on this wind as it is set to sell out very soon.
Bitcoin (BTC)’s Recent Rally Hints At A Healthier Ecosystem
Since its inception in 2009, Bitcoin (BTC) has had a rollercoaster journey up until 2023. In November 2021, the King coin achieved a feat that seemed impossible when Bitcoin (BTC) first launched. It hit an all-time high of $65,000. However, by 2021 in the heat of the bear market, Bitcoin (BTC) had plummeted below $20,000, going even lower at times.
But following FTX filing for bankruptcy, Bitcoin (BTC) is beginning to rally again. According to Cointelegraph, on-chain data revealed that the recent short liquidation dominance is behind this rally. This is because it creates automatic Bitcoin (BTC) buys, driving up its price. Apparently, this dominance helped clear the market of unhealthy investments and has made room for the futures market to trend toward longs.
Ethereum (ETH) Updates Will Attract Favorable Investments, Says Expert Observers.
Additionally, the second largest crypto by market cap, Ethereum (ETH) launched its newest update, the Zhejiang testnet on the first of February ahead of the Shanghai and Capella hardfork. A move that would potentially allow validators on the network to safely withdraw Ethereum (ETH) from the network without destabilizing it.
This move was highly anticipated since the blockchain for smart contracts had switched from a proof-of-work mechanism to a proof-of-stake one in a massive event called the Merge in 2022. This was especially important for Ethereum (ETH) users because some of their investments had been locked in for more than two years.
Analysts have predicted that the upgrades would be advantageous to Ethereum (ETH) staking. And the crypto’s price has not only rallied but also remained relatively stable throughout the preparation and launch of the testnet.
Snowfall Protocol (SNW) is Not Left Out From This Rising Market Enthusiasm
Another beneficiary of this market turnaround is the Snowfall Protocol (SNW), a cross-chain transfer ecosystem for both Fungible and Non-fungible tokens. This platform is the very first of its kind, built to provide secure, reliable, and autonomous transactional highways between the myriads of blockchains and ecosystems scattered all around the world of crypto.
Although Snowfall Protocol (SNW) is still in the final part of its presale phase, the crypto promises to spike over 1000% before it is over. This is because it is providing groundbreaking technology, bridges that can link EVM to non-EVM compatible chains, and wrapping and swapping non-fungible tokens between blockchains.
Snowfall Protocol’s token (SNW) was sold at $0.05 in the first phase of its presale, and by the end of this third phase, it would be going for $0.75. Of the total supply of Snowfall Protocol (SNW), only 30% is available, and the price would just keep rising as buyers increase.
The developers of Snowfall Protocol (SNW) have created a platform that offers users a secure way to navigate all their numerous holdings from one place in a secure and user-friendly manner. As a result, savvy investors are buying out the multi-chain solution presale offer as fast as possible.
These three tokens, Bitcoin (BTC), Ethereum (ETH), and Snowfall Protocol (SNW), among others, are restoring investors’ faith in the crypto market. Bitcoin (BTC) with its price recovery, Ethereum (ETH) with its continuous efficient upgrades and stability, and Snowfall Protocol (SNW) with its innovative technology that is changing the way crypto transactions are conducted forever, with its mission of creating a bridge that would link the entire world of crypto.
Learn more about SnowFall Protocol from the links below:
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Bitcoin (BTC) Price Set To Surge High As Miners Halt Selling
The Bitcoin market has seen an upward trend in the past 24 hours, reaching a high of $24,000 earlier today. With the current price trading at around $23,869 in the Asian market, the market has seen a 3% increase. Market analysts predict further growth in the future, driven by both fundamental and technical factors.
Bitcoin Price Outlook from Puell Multiple’s Perspective
One such indicator that maps out Bitcoin price is the Puell Multiple. This is calculated by dividing the daily value of Bitcoins in U.S. dollars by the 365-day moving average of its daily value. According to the Puell Multiple, there may be relief on the horizon for Bitcoin miners who have been under increased sell pressure in the past year.
In the past, every time the Puell Multiple entered the green zone, it resulted in significant returns in the following months. Currently, the Puell Multiple has been in the green zone for 191 days, which suggests further upside movement in the price of Bitcoin. Philip Swift, the founder of lookintobitcoin.com, highlighted the relief for miners, stating that
“the Puell Multiple shows recent relief for Bitcoin miners. After 191 days in the capitulation zone, the Puell Multiple has rallied, showing relief for miners via increased revenue and likely reduced sell pressure.”
If Bitcoin continues to rally, this could trigger a pump in other cryptocurrency markets, including meme coins such as Dogecoin, Shiba Inu, and Baby Dogecoin. Additionally, a study has shown that more money is flowing from large caps to lower caps. Overall, the outlook for Bitcoin remains positive, with market indicators pointing to further growth in the near future.
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.
Shiba Inu (SHIB) and Dogecoin (DOGE) Are Doing Well Despite The Economic Uncertainty But Snowfall Protocol (SNW) Is Set For 1000x Gains!
Shiba Inu (SHIB) and Dogecoin (DOGE) have been some of the most popular cryptocurrencies in recent months, gaining significant attention from both retail and famous investors. Shiba Inu (SHIB) is a meme token based on Ethereum’s ERC-20 standard, while Dogecoin (DOGE) started as a joke cryptocurrency but has since become popular and increasingly valuable.
However, investors can now look beyond Shiba Inu (SHIB) and Dogecoin (DOGE), as Snowfall Protocol (SNW) could be the next big cryptocurrency on the block. With its presale ending soon and the launch date set for February 3rd, getting in now would mean being one of the first to experience 1000x gains
What Is Snowfall Protocol (SNW)?
Snowfall Protocol (SNW) is the first of its kind. SNW is the first cross-chain transfer ecosystem built for fungible and non-fungible tokens. Their dApp enables users to swap assets across the most widely used EVM and non-EVM compatible chains.
As the leading cross-chain ecosystem, Snowfall Protocol (SNW) is building the highways needed for millions of people to communicate with every blockchain.
Imagine how difficult it would be to get essential goods and products without a highway in real life. The same applies to the blockchain, as digital transactions will be limited if there are no pathways between different networks.
Snowfall Protocol (SNW) is setting up these highways, connecting each blockchain, and allowing users to freely swap assets securely and efficiently.
Snowfall Protocol (SNW) Beats Both Shiba Inu (SHIB) and Dogecoin (DOGE)
Think about it. With its low entry price of $0.191 in the presale, Snowfall Protocol (SNW) has the potential to become one of the most widely used cross-chain transfer platforms. The protocol is set to be a game-changer as it can connect users across multiple blockchains and enable them to securely swap assets with minimal fees and maximum security.
Sure, Shiba Inu (SHIB) and Dogecoin (DOGE) both have strong communities. But Snowfall Protocol (SNW) could be adopted by many different communities in the blockchain industry. Shiba Inu (SHIB) and Dogecoin (DOGE) are siloed on Ethereum but Snowfall Protocol (SNW) benefits users on a variety of blockchain networks.
So don’t miss out on the opportunity to get in on Snowfall Protocol (SNW) while it is still in its presale! With its potential to fuel 1000x gains in the long term, now is the best time to invest in Snowfall Protocol (SNW).
Shiba Inu (SHIB), Dogecoin (DOGE), and Snowfall Protocol (SNW) – Which Is The Most Profitable?
Some people made millions on Shiba Inu (SHIB) and Dogecoin (DOGE). But the hype is finished for them. Without a strong use case, Shiba Inu (SHIB) and Dogecoin (DOGE) have likely peaked already and are not going to break any new records. On the other hand, Snowfall Protocol (SNW) is still in its early stages and could be adopted by millions of users in the future.
❌ Shiba Inu (SHIB)
❌Dogecoin (DOGE)
✔️ Snowfall Protocol (SNW) – 1000x Gains Potential!
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XRP Is All Set To Make A 180 Flip! Will Ripple SEC Lawsuit Initiate A Fresh Uptrend For XRP?
XRP price has kept traders and investors on the verge of volatility as the trend creates confusion in the crypto space with concerns regarding the controversial central banks. Market experts believe that a sudden change in the monetary policy from the Bank of Japan and responses from European Central Bank (ECB) official Villeroy may develop a shockwave as the XRP token is not immune to it.
However, the lawsuit against the SEC may favor Ripple as US attorney John Deaton has criticized predictions on SEC’s victory.
XRP Price To Experience A Gradual Rise In Recovery Trend
Ripple’s high-profile war against the SEC has gained support from leading market influencers, including Coinbase and the crypto lobbyist group Blockchain Association. However, the native token XRP is trying to spark a downward retracement as the choppy price action seems to bring multiple hurdles in the price chart.
A prominent crypto analyst, Trading Surfers, predicts an exponential upward rally for the XRP token if it validates specific price points. According to the analyst, XRP has been waiting for one year for a bounce off the critical level of $0.34.
The analyst noted that XRP might initiate a slow increase on its Elliott path to $1.5 if it breaks above the $0.38 price zone. However, at a lower degree, XRP may again bring bearish woes with a downward journey to $0.18 if it crosses below the price range of $0.34-$0.38.
Will XRP’s Bulls Give Up Amid FUD Situation?
While the crypto market is still enjoying a bull run, XRP’s price brings fear among altcoin traders as the token struggles to hold its price near the 200-day simple moving average. However, the trend of XRP has not been much volatile compared to other altcoins in the market, but it hints at a 25% sideways movement.
According to CoinMarketCap, XRP currently trades at $0.3897, with a surge of over 2% in the last 24 hours. The Stochastic RSI has pulled itself down to a stable region near 72 as the RSI-14 drops to 61, signifying a continuous bullish trading session. Looking at the daily price chart, XRP has again built support at $0.37 after a rejection below the EMA-200 trendline.
XRP has room to spike if the current bearish sentiments regarding central banks fade away. If XRP continues to climb to its 23.6% Fib retracement and makes a breakout trade above $0.41, it can lure bulls to increase buying pressure and push itself to its Bollinger band’s upper limit of $0.45.
However, the above bullish analysis may get rejected if the support at 200-day SMA does not hold. A trade below the EMA-20 trend line may slump the XRP token to the bottom levels of the descending weekly RSI at $0.31.
Crypto Lender Genesis Global Capital Set to File for Bankruptcy This Week
According to Bloomberg reports, Genesis Global Capital, a cryptocurrency lender, may take the drastic step of filing for bankruptcy. The move comes as no surprise, as the company has been in dire straits since November 16th, when it froze customer redemptions following the collapse of major cryptocurrency exchange FTX.
Genesis Global Capital’s creditors, which include well-known cryptocurrency exchange Gemini, are said to be in negotiations with the firm over a bankruptcy plan, as reported by The Block. Under the proposed plan, creditors may agree to a forbearance period of one to two years, in exchange for cash payments and equity in Digital Currency Group, the parent company of Genesis. This plan is being considered as a possible solution to address the financial difficulties that the firm has been facing.
Since the devastating collapse and bankruptcy of crypto exchange FTX in November, Genesis Global Capital has been in a frantic race against time to secure fresh capital or reach an agreement with creditors. The company’s institutional lending unit was forced to take drastic measures, such as suspending redemptions and new originations, as a direct result of the FTX implosion.
Digital Currency Group (DCG), the parent company of Genesis, has been facing mounting pressure to fulfill its obligations of $900 million worth of locked deposits. In a bid to explore options, Genesis retained the services of investment bank Moelis & Co. last year.
In early 2022, Genesis suffered a significant setback when its $2.4 billion loan to hedge fund Three Arrows Capital went bust, following the collapse of Three Arrows due to its exposure to the Terra network, whose token and stablecoin value had drastically dropped.
Ethereum and Major Altcoins Are Set To For Massive Rally! Here’s What To Expect
In spite of the fact that 2022 finished on a depressing note and economic headwinds gave little hope for a comeback in 2023, the beginning of a new year has astonished bears with tiny and big spikes in altcoin prices.
Even at the time, this article was being written, statistics from CoinGecko showed that virtually all alternative cryptocurrencies, including Ether, are in the green on both the 24-hour chart and the seven-day chart. Are the values of the tokens about to see a sharp increase in the near future?
Analyst Thinks Altcoins Will See a Huge Spike Soon
According to TechDev, a well-known pseudonymous technical analyst, the cryptocurrency market as a whole, including Ethereum (ETH), is about to make an unexpectedly large move to the upside on a macro scale.
In his newsletter dated December 27, the analyst presented a chart that purports to indicate the altcoin market cap, as well as Litecoin (LTC) in its Bitcoin (BTC) pair (LTC/BTC), building bullish structures at the same time as the US dollar index (DXY) and Bitcoin domination exhibit signs of weakness. See chart below:
TechDev added:
“All 4 of these points together continue to suggest a broader market setup much closer to late 2016/early 2017 than any other prior position. It’s just taking 1.5-2x longer to develop, as has the rest of the structure thus far.”
Furthermore, on his Twitter page, the analyst has said Ethereum is doing well in comparison to Bitcoin, which is more evidence of an approaching optimistic chapter for other cryptocurrencies. He provides a chart of the ETH/BTC exchange rate with three-week candles that shows the relative strength index (RSI) possibly breaking out of a downward trend.
Is the current altcoin bull run going to stick?
The most notable price increases among these alternative cryptocurrencies have been witnessed in Solana (SOL), Cardano (ADA), Lido (LIDO), and Ethereum (ETH). The negative financing rate in the futures market, notably for SOL, and the impending Ethereum Shanghai upgrade are the key causes encouraging the surge in these tokens.
Since the majority of traders are probably short due to the negative rates, this might be a good time for the whale buyers to run their stop losses. Funding rates for other tokens continue to be vulnerable to a short squeeze.
Due to the latest prolonged downward trend, it is unclear if the current altcoin bull run can be sustained and possibly extend into a massive spike. While TechDev’s forecasts shouldn’t be taken at face value since it’s hard to pinpoint the underlying force driving this bull run, neither can they be ignored. Anything can happen!
Fed Chair Jeremy Powell all Set to Deliver his Speech-Will Crypto Market Drop Again?
The post <strong>Fed Chair Jeremy Powell all Set to Deliver his Speech-Will Crypto Market Drop Again?</strong> appeared first on Coinpedia Fintech News
U.S FED’s Chair, Jerome Powell is going to speak at the Sveriges Riksbank International Symposium on Central Bank Independence, while the crypto markets and the stock market investors are presently clueless. Most analysts believe the markets could turn extremely volatile as the Bitcoin price is expected to rise slightly and after it hits $17,500, massive liquidations may explode.
Jerome Powell's speech will be in 2h 30 mins.
Be careful trading at that time as algos will be on fire reacting to his words.
If this scenario occurs and hit the liquidations at $17500 within today & tomorrow, we'll support the idea of CPI giving us a mid-week reversal. pic.twitter.com/tdQYPbuHEe
— CrypNuevo
(@CrypNuevo) January 10, 2023
Previously, the markets responded in a negative way whenever the FED chair delivered his speech citing the dovish outlook. A similar trend is believed to replicate and hence the analyst here has warned his 37.8K followers to be careful in performing any trade.
Besides, another popular analyst, Micheal van de Poppe, believes that Jerome Powell has no base to produce a dovish speech apart from having more than 50 PMI from Friday. Hence believes that the markets may just be relaxed and display no major impact of his speech.
Collectively, after a significant upswing, the markets are again consolidating within a very narrow range. Hence it appears that the Bitcoin and major altcoins are preparing for the event and hence began accumulating well in advance.
The CONG Token Is Set To Explode
The Conglomerate Capital, the project that was able to attract investments from notorious capitalists and blockchain-companies backers last year, is launching its token presale event on January 16th with a goal of USD 2.5 million. Based on the founders´ experiences, this amount will be quickly fulfilled.
The world is fast changing and becoming more decentralized as it gets more digital. Decentralized Autonomous Organizations (DAOs), blockchain, DeFi, web 3.0, and cryptocurrencies are all growing in popularity.
How to employ all of these new technologies in a way that benefits society is now the problem.
In terms of finance and investing, these new technologies offer a rare opportunity to provide outstanding private market investment opportunities to retail investors around the world. Until now, these opportunities could only be accessed by Venture Capital (VC) and Private Equity (PE) funds.
TCC is the unique web3, BEP20 blockchain-based investment and funding platform, governed by a Decentralized Autonomous Organization (DAO), from which disruptive startups as well as SME businesses will raise capital, where investors will be able to access Venture Capital and Private Equity outstanding opportunities through the CONG token.
Additionally, the TCC and CONG ecosystem is the first and only to develop governance and investing features to lead and safeguard investors through the adoption and use of new market features and to rely on the knowledge of top-tier VC and PE industry executives to influence how people allocate their capital.
At TCC, we seek not merely to democratize investment options, but to streamline investment process for investors and fundraising for Companies” says Diego Queirantes, Founder and responsible for deals structuring. “We are prepared to recreate VCs and PEs constrained contexts” he continued. “Investors are more than welcome to go along for the voyage to reshape the way people invest their capital.”
The creator of The Conglomerate Capital kept people in mind when developing the Company and its digital token, CONG. Yves Civolani, Founder & CEO and former private equity industry executive, came to the terrible realisation that because the average person lacks basic financial knowledge, they are compelled to spend their life’s work savings on substandard opportunities.
His parents have never had the opportunity to engage in VC and PE investments and earn lucrative returns as regular retail investors.
The TCC concept was born out of his desire to make these opportunities accessible to regular people by assembling a conglomerate of companies run by global minnows.
“Before beginning to work on the project’s development, a thorough examination of the crowdfunding and launchpads sectors was necessary,”
said Yves.
“We wanted to comprehend concerns and issues from the viewpoints of all participants: investors, business owners/companies, and platforms.”
Before founding the project, Yves worked for more than a decade for tier-1 global private equity funds. Therefore, throughout his career he learned by doing, what the problems are for startups and SME (Small and Medium Enterprises) to raise capital from either equity or debt securities.
With all of this in mind, TCC seeks to solve these issues by decentralising the VC and PE infrastructures while also imposing a cycle of accountability and mutual interest alignment.
In order to give the CONG token value, based on the founding team experience in VC/PE/M&A environments, TCC intends to bring various industries features to cryptocurrency world through the use of leverage of DeFi and blockchain, under a DAO (Decentralised Autonomous Organization) governance structure. This is in line with the main attributes of the TCC & CONG ecosystem. Investors are encouraged to hold onto their tokens and use CONG as a form of asset storage.
To secure more investor consensus and a more democratic funding procedure, TCC offers many more advantages than the conventional paradigm, including zero-knowledge-proof authentication, decentralised data storage, trade agreements, and more.
The TCC white paper states that priority would be given to early investors when allocating investments. In return for CONG, the platform will receive USDT, BUSD and USDC. The only token in the whole ecosystem, CONG, will finance all Businesses and Investors. Compared to other launchpads platforms, that is an important difference as they all face alignment problems due the fact that funded projects launch each their own tokens, competing against each other for investor´s capital allocation.
According to the roadmap, fiat and credit cards will also be accepted by TCC along the project development. While CONG cannot be traded in a DEX or CEX, its price will rise if a deal opportunity passes through the platform because, based on the DAO mechanism, holders will decide what the token price will be for each funding campaign. This will set a buy pressure on the token.
The CONG presale will begin on January 16th, 2023 at 9:00 am GMT with a token price of USDT 0.0025. Therefore, it is best time to invest and join the ecosystem. Based on the hype already generated when the project was announced, the second presale round, which will start as soon as the first fulfils, will have CONG token price increased by 20%.
The management team at TCC has extensive expertise in the investment industry as whole, while the development team is made up of a group of blockchain and web developers, embracing the most potent and recent technical development in the cryptocurrency sector.
The TCC team has years of expertise in the sector and has raised more than USD 200 million using a variety of mechanisms, including debt, equity, and convertible debt. The team has also completed many M&A transactions in recent years. By assisting in the review of funding applications, all this experience will work for the ecosystem´s benefit. They are all in agreement and aligned with the investors as the team is compensated by CONG.
For more information or inquiries, reach out through the contact links below:
Company Website: https://www.congcap.com/
Telegram: https://t.me/congcap
Email: [email protected]
Twitter: https://twitter.com/ConglomerateCap
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Snowfall Protocol Is Set To Launch Soon and Investors Have Already Made Major Gains, Shiba Inu And PancakeSwap Can’t Keep Up!
Snowfall Protocol (SNW) is set to launch soon and investors are already looking forward to new opportunities for major gains. Shiba Inu (SHIB) and PancakeSwap (CAKE), two of the most popular DeFi projects, will have a hard time keeping up with Snowfall’s potential returns. In this article, we interview experts on why Shiba Inu (SHIB) and PancakeSwap (CAKE) are not the best choices to invest in for the years to come.
Expert’s Opinion On Shiba Inu (SHIB) and PancakeSwap (CAKE)
“First off, Shiba Inu (SHIB) is a digital token that has grown in popularity due to its Shiba Inu logo and meme-style marketing campaigns. It is often referred to as ‘Dogecoin killer’ and has had a major surge in trading volume over the last few months. Despite being popular, Shiba Inu (SHIB) is still an extremely volatile asset with the high risk involved. Many experts like myself do not recommend it as a long-term investment due to its lack of any solid fundamentals.”
Experts clearly are warning against investing in Shiba Inu (SHIB). But what about PancakeSwap (CAKE)?
“When it comes to PancakeSwap (CAKE), it is also a digital token and has seen its own growth in trading volume. What sets PancakeSwap apart from Shiba Inu (SHIB), however, is its lower volatility and more established infrastructure. PancakeSwap (CAKE) is primarily used as an exchange platform to trade tokens on the Binance Smart Chain blockchain, and it has become one of the most popular decentralized exchanges (DEX) in the DeFi space. Despite its popularity, PancakeSwap is still not cross-chain compatible”
PancakeSwap (CAKE) has some flaws. However, there is still hope with Snowfall Protocol (SNW)
Why Snowfall Protocol (SNW) Has A 1000x Potential
Snowfall Protocol (SNW) is a cross-chain transfer ecosystem built for fungible and non-fungible tokens. It is capable of providing users with the ability to swap assets across the most widely used EVM and non-EVM compatible chains.
Snowfall Protocol (SNW) will be bringing millions of people on board to communicate with every blockchain and bridge the gap between the traditional financial system and cryptocurrencies. This is like how Noah’s Ark enabled animals of all kinds to cross the sea together.
Snowfall Protocol (SNW) has the potential to become a major player in the DeFi space, and its 1000x returns are already attracting investors. With its wide range of features, Snowfall has a real chance to revolutionize the DeFi industry like never before.
Final Thoughts
Snowfall Protocol (SNW) will be introducing a new cross-chain yield farming platform that many experts expect to bring massive return potential of up to 100Snowfall Protocol0x. This is one of the key reasons why investors are already placing their bets on Snowfall Protocol (SNW), as it provides an opportunity to not only generate returns but also to diversify their portfolio in the DeFi space. Shiba Inu (SHIB) and PancakeSwap (CAKE), on the other hand, are relatively high-risk investments with more volatility.
Snowfall Protocol (SNW) is set to launch soon and it has already witnessed major growth before its launch date of February 3rd. With the final stage ending in less than 30 days, investors are advised to jump on this opportunity and make major gains with Snowfall. 🚀👌 🤑💎
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