Morgan Creek CEO Predicts Early Start To Bitcoin’s Bull Run; Here’s Why
The year 2023 has started off relatively well for the cryptocurrency industry. The market appears to be recovering from the unprecedented FTX collapse, with major token prices beginning to rise. BTC, one of the major tokens, is now worth $23,335; significantly higher than $16,547, which was its price at the end of 2022.
The community is optimistic and anticipates further gains in the crypto industry across various tokens. Here’s what Yusko has to say about it.
What is Bitcoin halving and when is the next one?
The Bitcoin halving occurs when the reward for Bitcoin mining is cut in half. Every four years, the amount is halved. The halving policy was incorporated into Bitcoin’s mining algorithm to combat inflation by preserving scarcity. In theory, a slower rate of Bitcoin issuance means that the price will rise if demand remains constant.
Given that new Bitcoins are mined every 10 minutes, the next halving is expected in early 2024, when a miner’s payout will be reduced to 3.125 BTC.
Mark Yusko’s prediction for BTC
According to Mark Yusko, founder, and CEO of Morgan Creek Capital Management, Bitcoin’s bull market will likely begin sooner than expected due to anticipation of the BTC halving and favorable macroeconomic conditions.
Yusko believes that the next crypto bull run, or “crypto summer,” could begin as early as the second quarter of this year due to a combination of dovish central bank policies and the anticipation of Bitcoin halving.
While the Federal Reserve of the United States is unlikely to cut interest rates anytime soon, markets, according to Yusko, tend to anticipate the Fed’s decisions. That means that even a slowing or halt in interest rate hikes would be interpreted as a sign of an impending pivot. This would create a positive dynamic for all risk assets, including cryptocurrency.
What’s Elon Musk’s POV?
Elon Musk, in a separate Twitter post, stated that if the Fed raises interest rates, the chances of a recession intensify. According to the post, “if the Fed raises rates again next week, the recession will be greatly amplified.” Elon Musk predicted that the recession would last until the spring of 2024.
Evidently, this is in stark contrast to Yusko’s opinion.
To conclude
In general, Bitcoin halving is regarded as a good economic model because it exerts disinflationary pressure on the digital currency, allowing it to appreciate in value over time. Yusko predicts that halving can be beneficial for the prices of cryptocurrency and help the market.
It’s exciting to see differing perspectives and potential outcomes for the crypto market. We would love to hear your thoughts and opinions on the matter.
Crypto Markets Turning Greedy-Is it an Indication of the Start of a Bull Run?
The altcoins in the crypto space have flipped slightly as the bears are slowly gaining their dominance back. The Bitcoin price after trading close to $24,000 has dropped significantly in the past few hours and plunged below $23,000. However, the other major altcoins like Ethereum, Cardano, XRP, etc have been displaying enough strength as they continue to sustain above their gained levels.
The market sentiments are changing gradually, as the FUD appears to have flushed out largely. Meanwhile, the fresh spike has raised the speculation of Bitcoin price soaring beyond $25,000 due to which the markets now appear to have become greedy. With the rise in the Fear and Greed indicator, the markets are believed to remain bullish for some time ahead.
The Fear and Greed Index is a tool that helps investors to understand the sentiment of the market. It indicates to what extent the markets can be fearful and greedy. Presently, the index points towards 51 which is within the range of being greedy. The levels have now marked a 14-month high after being within an extreme fear for over 9 months. The last time, the index pointed to greedy levels was just before the beginning of the bear market in November 2021.
Today, the Fear and Greed Index marked a high around 65, despite the fresh BTC price reversal. Therefore, it can be assumed that the market participants are still bullish on Bitcoin. Hence a notable upswing may prevail that may rise the price significantly toward the interim target of $25,000.
However, Bitcoin’s (BTC) price is priced at $38,000 lower than November 2021 levels and 65% below the current ATH. Therefore, the greed levels may rise in the coming days which could spark a notable rally ahead.
Is It the Start of the Altseason as Traders Rush to Acquire These Altcoins?
After witnessing dreadful days in 2022 fueled by multiple fallouts and bankruptcies, the crypto space now appears to have ignited a strong recovery phase. Bitcoin price appears to have gained significant strength while the altcoins also seem to be poised to lead a magnificent run in the coming days. Hence, much prior to the Altseason 2023, the whales and traders appear to accumulate the altcoins at the discounted rate.
Ever since the beginning of 2023, Bitcoin price has gained significant momentum and hence maintains an elevated trend. However, other altcoins like AAVE, MATIC & DYDX have also gained significant attention. As per Santiment, these altcoins have also witnessed a notable rise in Whale transactions in the past 30 days.
Therefore, the on-chain data provider cautioned to have a close look at these assets saying,
“AAVE (+56% 30d price), MATIC(+35%), and DYDX (+94%) have all seen dramatic rises in the number of whale transactions on their respective networks over the past month. The increased large address interest in these assets should be watched,”
Besides, the traders who were quite pessimistic, a few days before, now appear to have turned extremely bullish on some altcoins. As per a popular analyst, Micheal van de Poppe, traders are now heavily accumulating Aptos, Fantom, and Polygon.
Coinpedia had reported earlier that the money flow from the large-cap is happening to the lesser known-small cap tokens. Moreover, the intensified whale accumulation and a shift of focus of the traders to the altcoins, indicate the resurgence of a bullish trend, mainly, at the beginning of AltSeason 2023.
How To Start Own Business As a Crypto Node Operator
If you’re interested in making money from crypto, becoming a crypto note operator might be the best way to do it. But, if you’re just learning about cryptocurrencies and blockchain technology, you’ll discover it’s like learning a different language. There are many terms that you’ll encounter during your research into this exciting field that you won’t understand, at least at first. One of these terms that is important to your overall grasp of crypto is node operator. Once you understand what a crypto node operator is and how you can start a business being one, you’ll be on your way to making money from crypto. Let’s take a look at what a crypto node operator is and how it works.
Crypto Node Basics
Before we can look at what a crypto node operator is, it’s helpful to understand what a node is and its role in crypto and blockchain technology. A node is a computer that connects to a crypto network and is where blockchain data is stored. A node functions as a server and stores a copy of the blockchain and its transaction history.
Any computer that connects to the blockchain network is a node. Some nodes, called Full Nodes, enforce all of the rules of the cryptocurrency it’s supporting. Other nodes that are designed for ease of use rather than rule enforcement are called Lightweight Nodes. The majority of nodes on a network are Lightweight Nodes, but Full Nodes are vital to the network and provide the backbone of the entire crypto ecosystem.
Full Nodes take up a lot of resources, which is why most nodes are of the lightweight variety. Lightweight Nodes only process a summary of the block instead of the entire dataset, which is what Full Nodes process to ensure they are fully compliant with the network rules.
Who Can Run Nodes on a Crypto Network?
Public, permissioned crypto blockchain networks allow anyone to run a node. They can also check that the blockchain rules are upheld and the security of the blockchain. In many blockchains, anyone who runs a node can also author new blocks, which can lead to legal problems, particularly with regulated assets.
As such, public, permissioned crypto blockchain networks that allow anyone to run a node, but only node operators to author new blocks are more secure than networks that give everyone the ability to author new blocks. These networks rely on a small group of node operators to act in good faith for the benefit of the entire blockchain community. After all, when the node operators do their jobs well, they lift up everyone in the network.
What is a Crypto Node Operator?
Nodes are essential to blockchain technology. In fact, without nodes, the technology simply won’t work. A node operator operates the software that maintains a copy of the blockchain and broadcasts blockchain transactions across a network. Node operators certify transactions as they are entered into a blockchain by writing new blocks and sending them out to the network. They also ensure that notes have enough resources to maintain stability and performance, as nodes require a specific amount of RAM, bandwidth, and disk space, among other resources to remain operational in a network.
Node operators are a critical part of blockchain security because they are the only entities that can author new blocks. Blockchains without node operators allow anyone to author new blocks, which can lead to legal issues for regulated entities dealing with regulated assets.
In some arrangements, blockchains without node operators have a limit on the number nodes that are allowed to author new blocks. These are called Delegated Proof of Stake (DPoS) networks and the delegated node operators are chosen by the community to ensure blockchain security.
All nodes that run on a specific network have accepted a set of consensus rules to validate and broadcast transactions. These rules are different for every crypto network, so a node that operates on one crypto network may not be operational on another network because it has a different set of rules. Nodes will reject any transaction that doesn’t follow the rules, although some are less strict on following the rules than others (see Full Nodes and Lightweight Nodes above).
Responsibility of a Crypto Node Operator
In general, a crypto node operator is responsible for ensuring the security and operation of a blockchain network. They must keep their software updated at all times, especially since new versions are released all the time that contain new features, bug fixes, and security enhancements. The blockchain community relies on the node operator to take the steps necessary to prevent security breakdowns by keeping their software as up-to-date as possible.
Additionally, if a node falls out of sync in a network as one might if a fork forms in the blockchain, for instance, a node operator is responsible for getting that node back in sync. They have to put the node back on the right chain at the proper block height so that it is again fully operational. It’s also necessary for a node operator to stay informed about new developments in blockchain technology in general and their blockchain network in particular. This is usually done through social media channels, but can be accomplished through dedicated blockchain news outlets as well.
Collaboration With Other Node Operators
Crypto node operators do not function in a vacuum or in isolation. They collaborate with other node operators to vote on proposed blocks to make sure they meet all blockchain protocol rules. Within a network, all node operators know who each other is, which encourages accountability and cooperation to ensure the success of the blockchain community.
This system of collaborative node operation ensures that node operators who do not work toward the benefit of the entire network do not continue in their roles as operators. This is particularly true for node operators that run nodes on behalf of clients and earn commissions on their transactions. Node operators who are not cooperative or collaborative will be penalized financially because their commissions will take a hit when their blockchain nodes aren’t operational.
Starting a Crypto Business
Many cryptocurrencies pay node operators to maintain the security and functionality of the blockchain network. This is because setting up the process can be quite complex and requires the master node operator to maintain a minimum number of coins under the master nodes. As a result, many crypto platforms outsource node operations to master node operators for a fee.
You aren’t actually mining crypto when you’re a node operator, but you’re earning a portion of the crypto that is mined with every crypto block you create. Once you have your node operation set up, you can earn a passive income just by ensuring a blockchain network stays secure and operational.
Conclusion
Cryptocurrencies are peer-to-peer networks that rely on consensus rules to function properly. As by starting a master node operator business, you can earn money on ensuring these rules are followed.
| 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. |
SOL Price Explodes: Solana’s Comeback From FTX Crash Lows, Is This the Start of a Massive Rally?
The Solana (SOL) cryptocurrency has seen its value more than double since reaching its lowest point following the FTX and Alameda incident. It has moved from trading below $9 in the last three weeks to as high as $24.75.
Market analysts are optimistic about the long-term potential of the Solana ecosystem, citing its vibrant global community and dedicated DeFi developers as reasons for this optimism.
As of today, the total value locked (TVL) in the Solana ecosystem stands at approximately $258 million, down from over $11 billion a year ago.
Despite the decline in TVL, the Solana ecosystem has seen an increase of approximately $50 million since the collapse of FTX and Alameda. Ethereum co-founder, Vitalik Buterin, believes that the Solana network has a promising future without the presence of bad actors. Riyad Carey, a research analyst at cryptocurrency data firm Kaiko, commented, “with Alameda gone, the protocol is in some sense free of that baggage and can become more community-centric.”
However, the Solana market is showing signs of bearish behavior following a strong two-week rally. One notable factor is the daily traded volume, which dropped by over 48% to $736,053,464 on Friday. Additionally, the Solana price in the 4-hour time frame is on the verge of breaking a three-week bullish trend line, which could potentially push the price to the next consolidation level of around $16.
The Solana ecosystem is supported by a dedicated team of DeFi developers and over 2,000 validators, which has led market analysts to remain optimistic about the network’s potential for growth. With the exit of FTX, the future of Solana looks promising as the network continues to gain traction.
As Messari Senior Research Analyst, Tom Dunleavy, notes “It is certainly an open question as to how sticky this new level of volume is; however, at the very least, a consistent level of volume with FTX exiting the ecosystem is a positive sign.”
Solana’s Excellent Start of the Year is Coming to an End, SOL Price Might Drop To $12 Soon?
The traders who experienced unrealized losses owing to the FTX collapse were charged up by the most recent Solana price rally. Since the FTX-related liquidity problem in November, the price of the Ethereum competitor has been steadily declining.
Although the cryptocurrency is now in a bullish overall trend, it is uncertain whether a further surge will occur soon. Bitcoin has finally crossed the significant $17k mark, sending green waves across the market.
Returning to Solana, the coin has shown a very exceptional start to the year as the network’s native cryptocurrency SOL had a significant rally over the past few days. According to the expert who correctly predicted the bottom of Bitcoin’s bear market in 2018, Solana may be preparing for a big retracement. According to analyst Smart Contracter, Solana’s excellent start to the year has probably come to an end.
“Over 112% move from the lows on SOL in a clear V reversal, five-wave impulsive move. One of the clearest I can see across the board, actually. Over the coming weeks, I’d anticipate an ABC correcting that whole run, probably between 25%-35%, but it will likely be a dip to buy.”
The Elliott Wave theory, a technical analysis used by Smart Contracter, seeks to forecast future price movement by observing crowd psychology, which frequently manifests in waves. The theory states that a bullish asset often corrects (ABC wave) following a five-wave advance.
According to the chart of Smart Contracter, at the 0.618 Fibonacci level, SOL is expected to decline below $12. At the time of writing, Solana is trading at $16 and is down by more than 5 percent.
Alex Krüger, an economist, likewise believes that the recent price hikes for SOL are likely coming to an end. Krüger asserts that the shorts that propelled SOL’s rally have already been destroyed.
“Bears wiped out. SOL funding markets back in balance. Think still has room to go, but the outperformance phase is mostly behind.”
Solana (SOL) Price May Soon Start With Distribution! These are Potential Targets for 2023
Solana token has been badly impacted by the recent happenings in the crypto space. The token depleted heavily due to the mounted bearish market sentiments but lost a large chunk of market participants as it stood exposed to the FTX collapse.
However, the token managed to regain momentum with the launch of BONK, the Dogecoin of Solana, and the price inflated to some extent. But a steep downfall of SOL price in the long term appears to be imminent.
The SOL price gained more than 30% in the past 48 hours, driven by a 110% jump in the BONK prices as the market participants witnessed a ray of hope during the current market downtown. Along with the rise in price, a notable jump in the active address was witnessed.
Moreover, in the coming days, the bearish action is assumed to be intensified which may drag the token to new lows.
The quick rebound of the SOL price in the past few days has induced significant belief within the market participants who expect future growth. Woefully, the price may certainly not remain inflated for a longer time frame. The Solana project and its price are connected to the FTX which may take months or even years to resolve.
Secondly, the SOL/USDT price is entering the liquidity zone between $13 to $16. Here the possibility of a massive sell-off emerges as the traders who took long positions in November 2022 and experience a 50% drop may exit their position. Additionally, the ones who bought SOL with limit orders at a liquidity level of $8 may close their position with 70% to 100% profit
Therefore in the mid-term, the price has formed an inverted Head & Shoulders pattern where a risky buy zone is around $10. Further, after a brief consolidation, a conservative purchase may drive the price up to $16 with a target could be set at $31 for the pattern.
It is worth understanding that the ongoing FTX proceedings may have a huge impact on the Solana price. One news or an announcement may drive the price extremely down with the lower target below $5 at $3.7 initially and later at $2.25 or even $1.65 too.
Here’s Why Sam-Bankman Fried Intends To Start A New Business
Sam Bankman-Fried, the former CEO of FTX, stated that he is interested in launching a new business to pay back over one million FTX creditors, who are owed up to a whopping $50 billion.
Bankman-Fried, a 30-year-old who established FTX, one of the world’s largest cryptocurrency exchanges, was worth an estimated $16 billion and is now worth nearly nothing. After crumbling under the strain of an increase in consumers attempting to withdraw their money, FTX filed for bankruptcy.
According to sources, Bankman- Fried may have illegally acquired nearly $10 billion in cash from FTX clients for his trading firm, Alameda Research, the future of which is also tremendously hazy. Alameda Research was actually the beginning of SBF’s crypto empire, as well as its demise.
It is unexpected that after the failure of these two businesses, SBF still harbors entrepreneurial aspirations and wants to launch a new company.
The Motivation Behind The New Venture
In an interview with the BBC that was published on Saturday, SBF said that he would “give anything” to launch a new business.
“I’m going to be thinking about how we can help the world and if users haven’t gotten much back, I’m going to be thinking about what I can do for them,” he said. “And I think at the very least, I have a duty to FTX users to do right by them as best as I can.”
The management of the cryptocurrency exchange has been termed a “total failure of corporate controls” by FTX’s new management since its collapse. According to Bankman-Fried, he accepts responsibility for the failure and claims that he was unaware of the level of risk that FTX and Alameda were taking on across both businesses.
SBF to Testify Before The House Committee
SBF has declared his willingness to provide testimony to the House Financial Services Committee. The declaration follows a public exchange between SBF and Maxine Waters, the head of the House Committee. She had earlier urged him to provide additional details regarding the collapse of the exchange because it “harmed over one million people.”
Tora Inu Is The Ideal Place To Start If You Have Never Invested In Meme Tokens
With Shiba Inu’s 50,000,000% price increase in the last year acting as a reminder of the potential profitability of these internet trend-inspired coins, the idea of meme coins has grown to become one of the most discussed investment prospects in the cryptocurrency sector.
And while it’s difficult to deny the enormous upside potential of meme coins and their mascots’ apparent innocence, it’s vital to keep in mind that investing in meme coins is a very dangerous endeavor that frequently leads to enormous losses due to fraud, hacking, and exploitation. In addition, there are risks associated with joining the bandwagon out of a sense of not wanting to miss out and seeing your new investment tank as the meme mob goes on to other bright goods.
How to Invest in Meme Coins Securely?
Currently, there are over 250 meme currencies competing for cryptocurrency investors’ attention. among which one hundred have the term “inu” in their names. The bulk of cryptocurrencies inspired by memes is essentially scam initiatives meant to profit from the expanding meme coin craze, even though many of them may appear to be legitimate. By making sure that the project is not vulnerable to rug pull scams, you may lower the dangers.
For those who are not familiar with the phrase, a rug pull is when the development teams sell out all of their coins all of a sudden after raising the price. When the value of that coin suddenly drops to zero, investors are the ones who get the short end of the stick and are left penniless. Two of the most recent examples of meme coins that allegedly resulted in a rug pull are squid tokens and snow dog.
Here are Five Reasons why Tora Inu is Secure For Investment
- Play-to-Earn Platform: Tora Inu will launch its play-to-earn (P2E) platform and immediately go up against Floki. Users of the P2E game will be able to gain TORA tokens while playing. Users must buy an NFT, which gradually levels up as players engage in combat with one another or the environment. Additionally, customers receive incentives following every in-game triumph, so there is no delay in receiving money.
- Audited Deflationary Token: The Tora Inu blockchain has a burn and redistributes mechanism that will increase its value as the ecosystem grows more well-known. A little portion of each transaction is burned in the deflationary mechanism, which will cause it to defeat FlokiInu in 2023. The token becomes more valuable as its demand rises and its supply declines at the same time.
- Marketing Powerhouse: The Tora Inu team has extensive expertise working on social media marketing campaigns on sites like Twitter, Reddit, and Telegram. The initiative already had more than 16,000 Twitter followers before it ever started. To reach the levels that Dogecoin and Shiba Inu were able to, meme coins often need a sizable community and significant buying pressure.
- Capitalist Venture: It’s significant to emphasize that the project is not supported by venture funding. Tora Inu is a grassroots initiative that was created from the ground up with no venture capital funding. The project didn’t have a private sale, whitelist sale, or seed sale. Instead, TORA’s token sale was completely open to the public, something that hardly occurs in the meme coin industry.
- Astronaut-Incubated Presale:The public can currently participate in the presale, which uses an incremental price increase strategy. The presale’s first round offers the cheapest chance to purchase tokens, with the price rising gradually in each succeeding phase. Astronaut Launchpad, the safest launchpad on BSC, incubated Tora Inu and created their presale contracts.
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.
6 Best Approaches For Entrepreneurs To Start A Trade Business
Starting your own business is a lifelong goal for many skilled workers. Being an entrepreneur is both a challenging and rewarding endeavour, with many fledgling businesses ultimately failing. To get you off to a good start and increase your probability of success, here are six suggestions.
- Achieve Outstanding Results
As daunting as it may be, before launching a business, you should evaluate your skill level in the industry. If you have a history of getting fired from jobs due to poor performance, that is the absolute worst reason to start your own business.
It will make your time spent on your own even more unpleasant. Being competent on the job is, in fact, crucial for success in any endeavor. When you’re your own boss, mistakes are immediately apparent in the form of customer complaints, nonpayment, and even referrals to Trading Standards.
- Establish A Positive Status
Getting work in the trades is easiest when customers recommend you to their friends and family; in fact, 70% of all jobs come from referrals or past clients. This is why it’s a good idea to start out doing some private work on the side during off hours before committing to your new venture full time.
- Treat Your Customers Fairly
A good job at a fair price will earn you loyal customers and a stellar reputation. It is crucial, however, to try to set customers’ expectations correctly so that the price you reference or charge is roughly what they expect. Because customers often have a totally erroneous idea of how much a job will cost, this is crucial information to have. Then they may be dissatisfied, even if they have been treated fairly.
- Keep In Mind That This Is A Commercial Enterprise
Anyone who puts in worthwhile effort deserves to be compensated fairly for their efforts. All that hard work should be rewarded handsomely. One could argue that your adaptability and friendliness make you an even more appealing option than some of your larger competitors.
- The Arrangement Is Crucial
New business owners in the trades often make a hash of their paperwork. They then have to put in a lot of work to figure it all out. You should talk to an accountant right away and pick out the right techniques and software to help you stay on top of your books.
If you start out by keeping detailed records of your invoices and expenditures, you will not only get paid more quickly but also spend less time on accounting. That should free you up to do things like relax or pursue other goals.
- Stay On The Up And Up With The Law
Gas Safe Registration and the ability to give out Part P electrical certificates are just two of the many certifications needed to work in the trades. Furthermore, there are a variety of health and safety regulations that must be followed. Don’t take any chances unless you know what you’re doing and can do it safely.
Conclusion
Starting a business is challenging, but it pays off in the long run if you get off to a good start. It’s a crucial stage of entrepreneurship. When your idea is good, it’s just a seed. During this stage, you gather resources, research your market like the Bitcoin Millionaire App, build your company, and earn a lot of money.
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.
150% Price Increase During Oryen Network Presale Is Just The Start, Analysts See Similarities To Early Dogecoin And Polkadot
Not a lot of projects can boast of a 150% price increase in a short period of time. However a particular project goes against all odds and drives monumental results, and it’s just the start for the new top DeFi contender.
Oryen, a developer-based protocol, is paving a new path in decentralized finance by empowering its network of investors with the highest returns the crypto space has ever seen. Market analysts observe similarities between crypto projects and likens Oryen to early DOGE and Polkadot.
Oryen (ORY)
Oryen offers an alternative system in DeFi to earn passively in a sustainable fashion and on a long-term basis. Through a sophisticated protocol called OAT – Oryen Autostaking Technic, Oryen provides predictable and fixed yields via its native token, ORY.
The OAT protocol employs a straight-forward method to generate value for ORY holders. Basically, by allowing holders to store their ORY tokens in their wallets without moving them, Oryen mitigates risks for its investors and guarantees amazing returns on their holdings.
To ensure a fair and transparent distribution of rewards, Oryen uses a positive rebase formula to send rebase tokens straight into ORY holder wallets at the rate of 0.177% daily. With Oryen’s auto-compounding feature, holders can earn an annual passive dividend of 90% APY. The possibilities of such rates are extraordinary, it’s no wonder, Darryl Boo, a huge crypto investor shares his excitement over the amazing benefits of Oryen in his video review.
Dogecoin (DOGE)
Dogecoin is the first meme coin that was created for a rather different purpose in 2013. As at that time, other complex cryptos were hard to understand. Dogecoin was then created as a payment system, with its native token, DOGE. DOGE facilitates exchange between traders and its protocol operates on Scrypt functionalities, hence its timely transactions.
Polkadot (DOT)
Polkadot is a decentralized blockchain that enables cross-chain features. Multiple blockchains can be easily integrated with Polkadot to allow transfer of any type of data, as well as any token. Its native token, DOT was released at the launch of the initial block of Polkadot and it’s used for peer-to-peer transactions.
Conclusion
Oryen is currently in its fifth presale phase, with tremendous investment participation from both early and new investors. It is pretty obvious that they’re bagging profits only made possible through Oryen. The ongoing presale comes with an added bonus to further incentives staking experience for every ORY holder.
Learn 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.
Here’s When and How Bitcoin (BTC) Price Will Start a Recovery Wave!
It is evident that market participants continue to be concerned about possible FTX fallout contagion. Therefore, market participants are unloading their assets from the exchanges, which could lead to the final stage of the ongoing bear market. However, a macro expert predicts that when investors start investing again in digital assets, the market for Bitcoin will grow tremendously.
Raoul Pal, a former executive at Goldman Sachs, said that a bull run in Bitcoin will start when the macroeconomic environment improves enough to cause a surge of liquidity.
“When liquidity returns (the biggest driver of institutional allocations), the value of the network should rise, which then brings in more investors (or vice versa – # of investors rising will bring in more investors) which creates a multiplier effect, giving exponential returns.”
Pal said that given the current level of network activity, Bitcoin is poised for an explosive rally. He asserts that even though transaction values decline during bear markets, the proportion of active users increases. Due to the mathematical multiplier, prices increase exponentially as adoption (users) and value (uses) increase.
He also said that Metcalfe’s Law-based Bitcoin model demonstrates that network users have not decreased as in prior bear markets. Metcalfe’s Law argues that a network grows in value as the number of users on the network increases.
The level of network activity peaked in 2020 and then again in 2021 and has since been declining. This liquidity cycle correction’s magnitude has by far been less than earlier examples, according to Pal.
“The number of active users is pretty flat on average. Note how big the number of active users was in 2018 and the number who left in 2019.This bear market is very different as users have remained broadly stable as deeper adoption takes hold vs pure speculation.”
All market participants have been under a lot of pressure as a result of Bitcoin’s sharp decline over the past few months. Fearing further decline, several investors sold their coins at steep losses and withdrew from the market. BTC is now trading at $16,686 at the time of writing.
Plona (PLON) Launches With Excellent Start as Protocol (NEAR), and Ripple (XRP) Loses More Value
The blockchain industry is constantly changing, so understandably, people might feel sceptical about investing in the crypto market. With the market crash that is currently going on, affecting cryptocurrencies such as Near Protocol (NEAR) and Ripple (XRP), people have only grown more sceptical. However, the newly launched Plona (PLON) can change this.
What is the future of Near Protocol (NEAR)?
Near Protocol (NEAR), a layer one blockchain network, is a decentralised application (dApp) platform that provides developers with a user-friendly system to build decentralised applications. Given that Ethereum (ETH) is the most successful layer one blockchain, Near Protocol (NEAR) strives to compete and overthrow it.
As a smart contract-capable proof-of-stake (PoS) blockchain, Near Protocol (NEAR) incorporates features like human-readable account names as opposed to only cryptographic wallet addresses. In the past seven days, Near Protocol (NEAR) has dropped by almost 15%. For $2.96, this might be an expensive purchase for new-time investors who might want to consider investing in other cryptocurrencies.
Investors are worried about Ripple’s (XRP) 11.12% dip
Ripple (XRP) is a payment settlement system developed to serve the requirements of financial services industries, designed to be a money transfer network. Created by the US technology company Ripple Labs Inc., Ripple (XPR) quickly confirms exchanges and transfers, making it a trusted network between two parties when they make transactions.
As a real-time gross settlement system, Ripple (XRP) works as a platform essentially to replace the leading money-transfer network SWIFT. Currently, Ripple’s (XRP) price has dropped by 11.12% this week and is not looking very reliable for investors. However, Plona (PLON) is only rising.
Plona (PLON) is at the edge of taking over the crypto marketing
Plona (PLON) is a next-generation cryptocurrency garnering interest from car investors in the crypto market. Plona (PLON) is a platform that allows users to own fractions of luxury cars. By investing $29 into the Plona (PLON), users can own a percentage of various exclusive and exotic cars from all over the world, including Ferraris, Lamborghinis, Bugattis, Porsches, and McLarens.
With Plona’s lending facility that allows users to borrow against their exotic physical car or non-fungible tokens (NFTs) on the blockchain, car enthusiasts are snatching the 140 million tokens available during its round one presale. Plona (PLON) will donate 2% of all its one billion tokens revenue to charity. This seems to be a winner and wins our top pick of October for the best investment.
Follow Plona (PLON) using the following links to discover more:
Presale: https://buy.plona.io
Website: https://plona.io
Twitter: https://twitter.com/plonatoken
Telegram: https://t.me/plonatoken
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
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Plona (Plona) Sees Sensational Start to Presale and set to Overtake Shiba Inu (SHIB) and Solana (SOL)
Plona (PLON) rose as one of the unique investment options in the past few months, with 15M tokens sold in the first 90 seconds. It’s a unique NFT trading platform designed for automobile companies and is currently on pre-sale. Currently, 1 Plona (PLON) = $0.012, which may seem an insignificant option. However, the NFT trading platform is only at Phase 1, which ends on November 30th 2022.
The company aims to sell 140 million tokens during phase one, after which it will proceed to the next one. It’s a promising and well-structured approach and has seen a sensational start to the pre-sale phase. All eyes are on Plona (PLON) because of its growth, and many experts also contemplate its future potential.
Analysts speculate that the NFT platform could overtake Shiba INU (SHIB) and Solana (SOL) and lead the industry. Shiba INU (SHIB) and Solana (SOL) have both experienced amazing growth in the past few years. Unfortunately, even the leading currencies have plunged with the current crypto market crash. There’s a lot of ambiguity about what the future may or may not look like for investors.
Plona (PLON) shows promising investments for the upcoming years. Plona (PLON) has Total Token Rounds of 1,000,000,000, meaning they are ready to cater to a large audience for investments. The availability of such a large buying volume is the most attractive feature of the Plona (PLON) token.
After the pre-sale phase, the airdrop will begin, providing each pre-sale member to get 2.5% transaction fee for all transactions on the network. It alone could contribute to large profits and make Plona (PLON) the best option for you.
Since Plona (PLON) A is backed by the automobile industry and giants like Lamborghini, Bugatti, Porsche etc., you get NFT tokens for physical cars. You can own a fraction of these luxury cars with smaller investments and make your finances secure.
The NFT trading platform is ideal for blockchain and automobile enthusiasts since Plona (PLON) blends both niches with its fractional investments. The current buy and sell token redistribution for Plona (PLON) Token is at 1% and 2%, which is highly profitable for investors.
Shiba (SHIB) stands at $0.000011 per Shiba INU (SHIB), and Solana (SOL) stands at $32, which is significantly less than its peak. It shows Solana (SOL) and Shiba INU (SHIB) are highly volatile. On the other hand, Plona’s backing from leading automobile companies makes it a stable and reliable investment option. Investors can utilize the trading platform and get profit as the pre-sale ends and the next phases kick in.
Since the Plona (PLON) coin is backed by ETH (Ethereum), there’s no chance of fraud on the NFT platform. You can purchase a small fraction of your favourite automobiles today and become an investor. Experts believe there could be up to a 5,000 % increase in the prices as the value grows. The official release of the coin is still not clear, but investing during the pre-sale phase could bring in high returns when it does.
Plona (PLON) has already shown a sensational start in the pre-sale phase and is standing strong. Investing in it today could unlock numerous possibilities for tomorrow.
Come on the ride! Join the Plona (PLON) a Project!
Presale: https://buy.plona.io
Website: https://www.plona.io
Twitter: https://twitter.com/plonatoken
Telegram: https://t.me/plonatoken
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
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Ethereum Will Start One of The Biggest Bull Market In the History! Here’s How and When
Like the majority of cryptocurrencies, Ethereum has been consolidating as investors stay away from risky investments as central banks around the world keep raising interest rates to control inflation.
However, one market analyst believes it may begin one of the biggest bull runs in the history of the cryptocurrency market. At the time of writing, ETH was trading at $1293, up 0.36% over the previous day. Although the price of Ethereum is trending upward, the price chart shows increasing volatility. The Relative Strength Index (RSI) is around 50, indicating a developing positive momentum
Here are reasons why ETH may rise
According to a tweet posted on October 11 by the anonymous crypto analyst Moustache, Ethereum may be in for one of the biggest bull markets in the history of the cryptocurrency sector if historical patterns from 2016–2017 are any indication.
The analyst stated in his technical analysis that the “pattern from ’16-’17 repeats almost identically” when comparing the price action of ETH during that time to that of 2021 and 2022.
Another sign of a likely price increase for Ethereum is the currency’s declining supply, which fell by roughly 4,000 ETH in only two days. The value of a token to the broader public typically rises as there are fewer tokens in circulation.
Additionally, the seven-day moving average (MA) of the number of new Ethereum addresses has recently hit a 10-month high of 5,044.161.
Additionally, when new money began to enter the market, Ethereum’s open interest on Binance, the biggest cryptocurrency exchange, increased by 10% to its all-time high of 1.3 million ETH.
Despite its social activity declining after the Merge,Ethereum added 135,780 new ETH addresses to its network on October 8—the greatest number seen since December 7, 2021.
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This Update Might Trigger Polygon (MATIC) Price Rally at the start of October
A while ago, Polygon had announced a relationship with Robinhood, which affected the price movement of MATIC. Although no precise launch date was given, the most recent statement highlights the quick work that is taking place in the background. Recently, the trading platform announced that its WEB3 wallet would only be available on Polygon.
Thus, the future looks exciting for Polygon and its MATIC token, especially in light of recent events. The Ethereum L2 and the Robinhood trading platform recently announced a partnership, and their new partnership has just accomplished a significant milestone.
According to a polygon tweet, the debut of Polygon and Robinhood will attract millions of users on-chain through low-gas infrastructure.
Since the original statement, MATIC has been crashing. The Polygon native token has been bearish since mid-June, indicating that the news was insufficient to bring a change to the MATIC tides.
Investments To Increase In Matic?
Despite the recent good news, MATIC’s price action remains restrained. However, there is a possibility that the new launch will eventually encourage an optimistic investor attitude. The weighted sentiment for MATIC was still inside of its four-week lower range.
At the time of writing, MATIC was trading $0.7409, with an upsurge of 1.59%. The market capitalisation in the last 24 hours is $6,471,689,242.1 and the trading volume is $2,869,076.69.
Compared to the previous scenario, we have been witnessing minor improvements in price movements. This could signify that it is regaining relative strength, indicating some relief following the breach of its bearish pattern in mid-September.
Investors value the most recent MATIC developments because they have high expectations for their investments.
However, Coinpedia recommends that our readers be aware that the market can be turbulent and must always be prepared for changes.
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Cardano to Plunge Hard at the Start of October! Analyst Maps Entry and Exit Levels For ADA Price
The Vasil Hard Fork seems to bring no change in the price action for Cardano (ADA) as Cardano is continuously facing rejection at $0.5. The price of Cardano has been trading below its resistance level throughout this month. However, some analysts mark this as a good entry point for a tremendous return on your investment.
Ultimate Buy Area For Cardano
The Vasil Hard Fork has brought some confusion to investors about Cardano’s future price movements. However, prominent crypto strategist and analyst, Michaël van de Poppe shared his thoughts about making an entry point in ADA’s price chart.
According to his analysis, a price range between $0.30 to $0.375 may turn out to be an excellent buying opportunity for investors. Investors should wait for a 14% to 31% drop from ADA’s current price to start buying the dip. Furthermore, Poppe also highlighted that investors are now in accumulation mode.
Van de Poppe stated, “This one is looking like we’re accumulating. The ultimate area to buy from is the region at $0.30-0.375.” The analyst also mentioned that a pattern, in the long run, could lure investors into accumulating more of the asset. He advised users to look for a breakout by researching a previous downtrend that formed in June, and a breakout in the downside could assure investors to make a long position.
Cardano To Start Bull Run
Cardano has failed to show any promising price movements; however, LunarCrush data shows a significant increase in social media mentions due to the Vasil fork. Last week, Santiment also pointed out an increase in social interest for ADA, Matic, XRP, ETH, and SHIB, while other assets, including Bitcoin, saw a decline. According to CoinMarketCap, Cardano is currently trading near $0.44, a drop of nearly 3% from yesterday.
The sellers of the Cardano network are now getting stabilized, and Cardano may form a fundamental support level at $0.42. Cardano can touch $0.36 by the beginning of October if the support level breaks. On the upper side, Cardano can soon break the resistance level of $0.5, and it can make a smooth bull run to $1 following positive market sentiments.
The leading RSI is also above the 47 levels, hinting at a bullish momentum in the price graph. However, investors are advised to conduct a proper analysis of ADA before investing as ADA is not in a good mood now, and its price can fall anytime.
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Ethereum Bearish Blues To End Soon! Here’s The Timeline When ETH Price Will Start Bull Run – Coinpedia – Fintech & Cryptocurreny News Media
The Ethereum Merge is welcomed and largely considered a success by the crypto community, but it failed to bring bullish sentiment for Ethereum in the price graph. Ethereum continues its bearish momentum even after its revolutionizing transition to PoS. However, a popular crypto analyst who predicted Bitcoin’s bullish momentum now assures that Ethereum is in the final stage of its bearish phase before skyrocketing to $2,000.
Ethereum Eyes For $2K
Crypto strategist Smart Contracter suggests that Ethereum will continue its bearish momentum and drop further to $1,200 before making an upward movement to $2K.
The Ethereum Merge pushed ETH’s price to $1,643, but it was for a short period as Ethereum quickly plummeted below $1,550.
Smart Contracter is a well-known crypto strategist in the crypto space. He is one of the best practitioners of the Elliott Wave theory, a technical strategic approach that aims to find the future price of a cryptocurrency depending upon the sentiment of the public or crowd that builds the price momentum.
Bulls Will Be Back Soon!
Ethereum is currently forming a C wave in the price graph, and it is expected that ETH will soon start an upward rally following further analysis. According to CoinMarketCap, Ethereum is currently trading near $1,422, a drop of nearly 4% from yesterday.
Last month, Ethereum was trading near $1,600, and Smart Contracter predicted that Ethereum would make a bearish momentum at a high of $1,800, which turned out to be correct.
The analyst stated, “Looks like the larger ABC correcting the five-wave rise has begun on ETH. This looks like an A wave, for now, expecting a bounce that ends up being a lower high soon. $1,300 is still the spot to look for buys, in my opinion, provided the structure looks right when we get there.”
However, following the merge, Ethereum saw a significant sell-off (700K ETH) which might be the main reason behind this fall. The Ethereum merger has created panic and selling pressure among investors; however, it is expected that ETH will soon recover from it and make a bull run to $2,000.