Bitcoin’s Price Reversal Sparks Bullish Frenzy: Is This The Start Of A Fresh Rally?
After weeks of bearish technical moves, the Bitcoin price closed last week in an indecisive manner, rekindling the bullish outlook. While the bears still linger, the recent rebound has injected renewed hope. Additionally, the United States debt ceiling solution and the correlation between Bitcoin and the US dollar index have contributed to positive sentiment in the crypto market.
Bitcoin Price Resurgence
Popular crypto analyst Michael van de Poppe had previously highlighted that Bitcoin price is likely to drop as much as $25k to get more liquidity for a higher high. Having played out as predicted, the analyst noted that the next likely play could be a rally to $34k
The analyst insisted that intermediate resistance levels will play a crucial role in the rally toward $34k.
“Looking for swing longs at the $27,300-27,500 area from here towards $30,000 and, most likely $32,500-34,000,” Poppe noted
Crypto Banter’s Analysis
The Crypto Banter YouTube channel, boasting more than 632k subscribers, shared similar sentiments and insisted that the bulls have higher grounds in the near term. Kyledoops from Crypto Banter argued that Bitcoin’s dominance is on the verge of rallying further in the coming weeks based on his technical standpoint.
Also Read: Why Bitcoin Price is Up Today? Here Are the Top 3 Reasons – Coinpedia Fintech News
“The Bitcoin price soared over 10 percent from bottom to top in recent days. The high timeframe structure has shifted, and bulls seem to have saved the day with a final attempt. Bitcoin could be entering the rapid markup phase and traders will need to react very quickly in order to participate…,” Kyledoops noted.
The Top 5 Ways to Start Accepting Crypto Payments Today – No Tech Skills Required
While some merchants may shy away from integrating crypto payments due to perceived technical complexities, there are several user-friendly solutions available that require no advanced tech skills. In this article, we will explore the top five ways to start accepting crypto payments today, without the need for extensive technical knowledge or expertise.
1. Payment Processors:
Payment processors act as intermediaries between customers, merchants, and the blockchain network. These platforms simplify the process of accepting crypto payments by handling the technical aspects on behalf of the merchant. Popular payment processors like BitPay, CoinGate, and Coinbase Commerce offer user-friendly interfaces and straightforward integration methods. By signing up for an account, merchants can generate payment buttons or invoicing systems that can be easily embedded on their websites or shared directly with customers via email or messaging apps.
2. Peer-to-Peer Payment Apps:
Peer-to-peer (P2P) payment apps provide a convenient way to accept crypto payments directly from customers. These apps are designed to facilitate quick and easy transactions between parties without the need for complicated setups. Platforms like Venmo, Cash App, and PayPal have integrated cryptocurrency functionalities, allowing merchants to accept crypto payments seamlessly. Simply create an account, link your bank or wallet, and start accepting payments from customers who use these apps.
3. E-commerce Plugins and Extensions:
If you operate an online store or use popular e-commerce platforms like Shopify, WooCommerce, or Magento, you can leverage plugins and extensions specifically developed for accepting crypto payments. These plugins provide a simple way to integrate crypto payment options into your existing online store without requiring coding skills. Popular plugins like CoinGate for WooCommerce and BitPay for Shopify allow you to add crypto payment gateways to your checkout process with just a few clicks.
4. QR Code Payments:
QR code payments offer a user-friendly and straightforward method for accepting crypto payments in physical retail settings. All you need is a smartphone or tablet with a camera and a compatible cryptocurrency wallet app. Simply generate a QR code with your wallet address and display it at your checkout counter or provide it to customers via receipts. Customers can then scan the QR code using their wallet app and initiate the payment directly to your wallet. This method requires no technical skills and provides a seamless experience for both merchants and customers.
5. Decentralized Payment Gateways:
Decentralized payment gateways, such as Polus Payments, provide a user-friendly solution for accepting any crypto payments in decentralized services like marketplaces, GameFi platforms, and lending protocols. These gateways integrate a decentralized crypto wallet into the merchant’s account interface, making it easy to accept crypto payments without prior technical knowledge. With simplified registration processes and no manual checks or KYC requirements, merchants can quickly start accepting crypto payments without sacrificing convenience or security.
One of the primary objectives of the Polus Payments team is to educate users about security in the crypto space. Unlike centralized payment gateways, Polus Payments operates as a non-custodial service, meaning it does not store customers’ funds. This decentralized approach ensures that users have full control and ownership of their assets, minimizing the risk of hacks or theft. By embracing decentralized solutions, merchants can instill trust and confidence in their customers while transacting with cryptocurrencies.
By integrating the Polus crypto Wallet into the merchant’s personal account interface, Polus Payments allows even those unfamiliar with cryptocurrencies to accept digital payments seamlessly.
The combination of convenience, security, competitive pricing, and user-friendly interfaces makes Polus Payments an ideal solution for businesses venturing into the world of crypto payments. With support for multiple blockchains, low fees of just 0.5%, and fast registration via email, it provides a seamless experience for users.
Embrace the future of payments today and unlock the benefits that come with accepting cryptocurrencies.
Bitcoin Whales Start to Dump-Has the BTC Price Rally Been Undermined by the Bears?
Bitcoin again starts to hover within narrow regions as the market awaits the next major move, regardless of the direction. The volume has dropped notably, which has forced the price to remain within the narrow band. With this, some look at the end of the Bitcoin upswing, while many believe the price is undergoing a parabolic curve where-in higher highs and lows are imminent.
Meanwhile, the main concern lies with the whales, who are trying to mount significant selling pressure. Besides, the mid-tier addresses are accumulating finely, and hence this whale behavior may highly impact the price in the coming days. As per the data from an on-chain analytical platform, Santiment, the addresses of 1000 to 10,000 coins are on the rise while whales dump.
The whales’ behavior suggests that either the FOMO factor for top-tier addresses is increasing or that a breakout is about to occur. Moreover, the BTC price had also slipped below $30,000 for a while but recovered finely, but was unable to reclaim its value back above $30,500. Meanwhile, almost all of the traders who purchased Bitcoin in the last seven days have not moved and are still holding.
Besides, the analyst says that the BTC price is primed to surge higher as the majority of the trading volume remains unchanged, while the miners continue to liquidate to cover the expenses. Therefore, just a spark is required to push the Bitcoin (BTC) prices higher. With this, a notable rise beyond the crucial resistance at $32,000 may be imminent.
Crypto Bull Run: This is When Altcoin Season Will Start
One of the top crypto analysts Ran Neuner has released his latest video analysis, where he reveals insider tips on identifying the start of the altcoin season and maximizing your gains.
Learn how to track market sentiment, analyze BTC pairs, and identify strong altcoins with high volumes and adherence to price structures. Don’t miss out on the opportunity to level up your crypto investment strategy – read on!
Understanding the Indicators
Ran suggested that for moderately aggressive traders, two out of three indicators may be sufficient to start shifting capital into Ethereum (ETH) and other altcoins. These indicators could include a new high for Bitcoin (BTC), a rejection of BTC dominance, or a surge in the total market cap of altcoins (Total 2).
According to Ran, traders might start taking positions as soon as they notice a rejection in BTC dominance or bounce-off support. As more indicators align, these traders could–naturally– ladder in their investments.
Identifying Strong Altcoins
Ran highlighted the importance of finding strong altcoins to trade during the altcoin season. He recommended tracking price performance and open interest to gauge market sentiment and strength. For instance, platforms like CoinGecko, CoinMarketCap, and CoinBubble can help identify top-performing altcoins in various timeframes.
He also emphasized the significance of monitoring the open interest on trading platforms like coinlize.net to identify which protocols are gaining traction. Ran prefers tokens with high volumes, ideally over $500 million in open interest, as they generally exhibit more adherence to price structures and less price volatility.
Analyzing BTC Pairs
Ran emphasized the significance of examining BTC pairs, particularly in the context of potential altcoin seasons. He believes that traders should focus more on BTC pairs than USD pairs in the current market environment, as it could help them understand the actual performance of altcoins compared to Bitcoin. This way, traders can better assess their risk profile and make informed decisions on whether to invest in altcoins or stick with Bitcoin.
Is This The Start of Bitcoin Bull Run? CryptoQuant Predicts BTC Price For 2024
On April 11th, Bitcoin reached its highest level in ten months as traders awaited this week’s Consumer Price Index report on April 12 and the Federal Reserve’s next move in their battle against inflation.
The price is anticipated to soar when Bitcoin’s second halving event occurs in 2024. This prediction is not just a guess, since the price surged by more than 556 percent in the year 2020.
The connection between Bitcoin and the technology-related Nasdaq 100 index has weakened, dropping 60% from October’s value of 0.75 to the present value of 0.3, according to a recent analysis by the CryptoQuant team. This may be an indication that Bitcoin is separating itself from conventional markets.
This change has made it simpler for the price of BTC to rise, signaling a favorable market attitude. Over a longer period of time, the market behavior of BTC can be separated into two primary phases: accumulation and distribution.
Investors are known to purchase and retain Bitcoin during the accumulation phase, which raises its price. Contrary to the accumulation phase, investors sell during the distribution period, which lowers the price.
The history of Bitcoin is marked by halving events, which happen about every four years. Institutional investors often go through an accumulation period before each Bitcoin price halving event. Events like the Bitcoin halving are important because they slow down the rate at which new Bitcoin is created and make it harder for miners to receive rewards for validating transactions.
CryptoQuant study suggests that Bitcoin may hit $100,000 in the days following the 2024 halving event. Data from Coingecko showed that the Bitcoin block reward will drop to 3.125 coins, or half its current value, in around 383 days. Block #840,000 is where the Bitcoin halving will take place. Hence, April 28, 2024, is when the award is expected to be distributed.
Also read: Bitcoin Price Prediction 2023, 2024, 2025: Will BTC Price Mark New High’s In The Coming Days?
PancakeSwap (CAKE) And Polygon (MATIC) Keep Falling As Collateral Network (COLT) Gets Off To A Stunning Presale Start
Nowadays, investors are not shying away from investing in growth-bound projects. Thus, the presale of Collateral Network (COLT) has become the most talked-about investment option due to its unparalleled growth prospect. On the other hand, PancakeSwap (CAKE) and Polygon (MATIC) have taken a severe dip.
PancakeSwap (CAKE) Set To Launch Version 3
PancakeSwap (CAKE) has failed to move in the green zone although the overall crypto market largely has stayed bullish. The launch of Uniswap V3 on the Binance Chain has triggered the recent fall of PancakeSwap (CAKE). Before Uniswap’s launch on Binance, PancakeSwap (CAKE) dominated the network. But this status quo was challenged by Uniswap. Therefore, PancakeSwap (CAKE) has buckled up, and will launch its latest version, V3, on April 14.
The PancakeSwap (CAKE) community hopes that the V3 launch will increase the trade volume on the network. However, the hype around the launch of V3 has not been strong enough to keep PancakeSwap (CAKE) moving northward. The market value of PancakeSwap (CAKE) has plummeted by over 9% in the past month. At press time, PancakeSwap (CAKE) is trading at $3.60, while its peak was $44.18.
Polygon (MATIC) Launches zkEVM But Its Price Sinks
The much-awaited zkEVM of the Polygon (MATIC) network has finally hit the main network. Over 50 web2 and web3 projects are joining the Polygon (MATIC) network’s zkEVM, which will scale the Ethereum network. Polygon’s (MATIC) zkEVM will enable blockchain networks to complete transactions quickly, and reduce gas fees.
Analysts predict that the launch of zkEVM can increase the adoption of Polygon (MATIC) over the next few months. However, Polygon (MATIC) has plummeted by more than 7% in the past week. Ranked 10th by market capitalization, Polygon (MATIC) has nosedived by over 14% on the monthly chart. Polygon (MATIC) tokens, at the time of writing, are changing hands at $1.06, about 64% below their peak of $2.92.
Collateral Network (COLT) Goes Big With Early Phase Of Presale
Let’s say you need some money, and have a painting worth thousands of dollars. However, you neither want to sell the artwork, nor are the traditional banks giving a loan against it. In such a situation, Collateral Network (COLT) is a savior! Collateral Network (COLT) is a one-of-its-kind crowdlending platform, where people can lend or borrow funds by using their tangible assets as mortgages.
On Collateral Network (COLT), borrowers’ physical assets serve as collateral, and NFTs are minted against them. Investors purchase these fractional NFTs to fund loans, and earn a fixed interest rate on their investments. Thus, with Collateral Network (COLT), you can get money without selling your tangible assets. Additionally, investors get better returns on Collateral Network (COLT), as compared to what they would earn by depositing money in banks.
COLT token holders, who borrow on the platform, will receive discounts on interest rates and borrowing fees. Meanwhile, lenders holding COLT tokens will get discounts on trading fees. Rewards are also offered for staking COLT tokens. The presale phase of Collateral Network (COLT) started at a price of $0.01, with analysts expecting it to explode by 3500% by the end of the presale. Moreover, only presale COLT holders will get access to the VIP members club.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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Altcoins Season Can Start Anytime Soon – Here’s What Traders Can Expect
The Bitcoin bull market significantly dominated the first quarter with few altcoins showing signs of an imminent breakout. However, the BTC price has recently struggled to break above $29k despite the banking crisis and the rumors of an incoming global recession. Additionally, the Ethereum price has experienced a similar resistance level of around $1,800 despite the upcoming Shanghai upgrade.
Bitcoin Dominance
Notably, the Bitcoin market cap dominance is at a crucial point that will decide the near future of the altcoin market. Moreover, money rotates between Bitcoin and altcoins through the stablecoins market.
Currently, at around 47.34 percent, Bitcoin’s dominance has bounced back to the same level three times since May 2021. A continuation above 48 percent will delay the largely anticipated altcoin season and vice versa.
QCP Capita: Bitcoin Price Analysis and Market Outlook
According to Singapore-based crypto options trading firm QCP Capital, perhaps the second quarter will prove profitable for the altcoin market while Bitcoin takes a breather. In a series of tweets, QCP Capital noted that Bitcoin and Ethereum have not made any major moves since mid-March. The firm noted that the Bitcoin and Ethereum markets have held steady around the same range despite the high-impact news including the Fed rate hike by 25 bps.
Related: Bitcoin News Update: Expert Believes BTC Price Is Undervalued By Whopping 33%!
Analysts at QCP Capital anticipate weak United States data to come out this week. As a result, the trading firm thinks the United States is headed toward an imminent recession.
The firm insisted that Bitcoin will have a chance to prove its market dominance amid a real global recession. QCP Capital highlighted that if the Fed were to act quickly in a recession, just as they did during last month’s banking crisis, the Bitcoin market could moon again as previously recorded.
Also Read: Top 5 Best Bet Altcoins To Watch This April – Coinpedia Fintech News
XRP Price to Record a Gaint Move – May Rise by More than 25% with the Start of Q2 2023
The past weekend witnessed no specific move as the prices of the popular cryptos remained below their respective resistance levels. However, the support levels were defended finely due to which the possibility of a giant price action can be assumed in the coming days. Meanwhile, the XRP price, being diverse from the other tokens, is preparing for significant price action that may eradicate the bearish pressure to some extent.
The XRP price is preparing to catch up with the Bitcoin and Ethereum price trend this week by recording a minimum of 20% jump by the end of the weekly trade. The profitable close for the week is assumed as the token is breaking high, laying down a giant price action with the RSI raising high to reach the overbought levels. The expected upswing could be recorded for the first time since September 2022 where-in the price has recorded massive gains of 37%.
The XRP price has been under acute pressure and the recent breakout from the 200-day MA levels validated the impending bullish trend of the token. With a breakout, the price is believed to rise beyond $0.5, which is the first target at the moment.
However, for the second test, the possible break is wide open. From there, the bulls may still rise the price by more than 10% to hit the interim milestone at $0.55 and secure levels around the September 2022 highs.
However, the RSI is already elevated and has faced a minor pullback a couple of days before. Therefore, if a similar price action repeats, then chances of another rejection from the same highs at $0.5 may be expected which may drag the price back to its initial position. This would bring the bears back into action slashing the price below $0.4.
Fantom (FTM) And Shiba Inu (SHIB) Whales Lose Confidence and Start to Accumulate TMS Network (TMSN) Presale
Fantom (FTM) and Shiba Inu (SHIB) are two popular cryptocurrencies that have recently attracted much attention from investors and traders. Both coins have seen impressive gains in 2023, with Fantom (FTM) reaching an all-time high of $3.4 in January and Shiba Inu (SHIB) surging over 1000% since October. However, both coins have recently faced challenges and setbacks that have eroded their momentum and market share.
Major Fantom (FTM) and Shiba Inu (SHIB) investors are now flocking to TMS Network (TMSN) presale. As a low-cap gem with huge potential, TMS Network (TMSN) is the safest bet for these investors. TMS Network (TMSN) is a new DeFi star that aims to revolutionize trading.
Fantom (FTM) Faces a Major Blow in the Market
Fantom (FTM) suffered a significant blow when Andre Cronje, a prominent developer and advisor for Fantom (FTM) Foundation, announced his departure from the decentralized finance (DeFi) space. Cronje was behind several successful projects on Fantom (FTM)’s platform, such as Solidly, Keep3r, and Iron Bank.
His announcement triggered a sell-off of Fantom (FTM) and other tokens associated with his work, causing Fantom (FTM)’s total value locked (TVL) to drop from around $12 billion to $6.7 billion over the last few weeks. Fantom (FTM) also lost its spot as the most traded token among Ethereum whales to ENS Domain Name Service.
Shiba Inu (SHIB) Inu
Shiba Inu (SHIB) also faced some headwinds as it struggled to maintain its hype and popularity among crypto enthusiasts. Despite being one of the top holdings of Ethereum whales, Shiba Inu (SHIB) failed to deliver any significant innovation or utility that would differentiate it from other meme-inspired cryptocurrencies.
Shiba Inu (SHIB) also faced competition from other dog-themed coins, such as Dogecoin (DOGE), Floki Inu (FLOKI), and Kishu Inu (KISHU), which offered similar features or better marketing strategies. Shiba Inu (SHIB)’s price has declined steadily since its peak in October 2022.
Whales Find Refuge in the TMS Network (TMSN)
As a result of these factors, some investors and traders have lost confidence in Fantom (FTM) and Shiba Inu (SHIB) and started looking for alternative opportunities in the crypto market. One such opportunity is TMS Network (TMSN). It is a new project that aims to revolutionize trading.
TMS Network (TMSN) improves on the shortcomings of centralized exchanges by addresses the most pressing issues in these platforms, including, price uniformity, high trading fees, price manipulation, wash trading, transaction delays, insufficient trading experiences, and a lack of trading education in traders.
TMS Network (TMSN) is an Ethereum-based decentralized trading platform which enables users to trade all derivatives through cryptocurrency payments and without having to open a trading account. TMS Network (TMSN) allows users to trade a wide range of derivatives, including, stocks, CFDs, cryptocurrencies, and forex.
The TMS network (TMSN) non-custodial portfolio management allows traders to retain complete control over their funds at all times when trading. To trade using the TMS Network (TMSN), all the trader needs to do is connect their wallet and trade seamlessly across all major exchanges while withdrawing back to the wallet.
TMS Network (TMSN) utilizes blockchain technology and smart contracts to offer traders a secure, transparent, and efficient trading experience with increased liquidity. A large pool of assets allows traders access to wider markets, enabling quicker trades and better prices for increased profits.
TMS network (TMSN) native token is $TMSN. Holders of the $TMSN token have voting rights, which means they have a direct say in the platform’s day-to-day running. $TMSN token holders also become part of the TMS network’s infrastructure. As token holders, traders earn a commission from trading volumes generated by other traders on the TMS platform. The commission increases as network usage grows. This revenue-earning model incentivizes higher network usage amongst traders.
TMS Network (TMSN) is currently conducting its presale event where interested investors can buy TMS Network (TMSN) tokens at a discounted price before they are listed on exchanges. The presale will end on June 15, 2023, or when all tickets are sold out.
According to some sources, TMS Network (TMSN) has already attracted some big names in the crypto space who have invested large sums of money into its presale event. These include some former Fantom (FTM) and Shiba Inu (SHIB) whales who have decided to diversify their portfolios by adding TMS Network (TMSN) tokens. TMS Network (TMSN) is available to buy at $0.0413.
For more information on TMS Network (TMSN) please see the links below:
Presale: https://presale.tmsnetwork.io
Telegram: https://t.me/TMSNetworkIO
Twitter: https://twitter.com/@tmsnetwork_io
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Arbitrum’s ARB Token to Start Trading On 23 March! Here’s How You Can Profit from the Launch
The eyes of the crypto market are currently on Arbitrum as it seeks to revolutionize the industry in the upcoming days. Arbitrum’s highly anticipated ARB token is set to start trading on 23rd March, so the buzz around this launch is palpable. Furthermore, as an innovative Layer 2 scaling solution for Ethereum, Arbitrum has garnered significant attention within the crypto community. Hence, investors are eagerly waiting for the launch to make significant profits with the ongoing hype.
Is ARB Token’s Launch a Big Deal?
As the popularity of Ethereum and DeFi applications continues to grow, the demand for Layer 2 solutions like Arbitrum is also rising. With its innovative technology and ability to significantly improve Ethereum’s performance, the ARB token launch is poised to attract considerable interest from the crypto community.
With Arbitrum’s potential to revolutionize Ethereum’s scalability and reduce transaction fees, early adopters of the ARB token could reap the rewards of the platform’s success. With Thursday’s claim event looming, both centralized and decentralized exchanges are launching derivative markets for the Arbitrum (ARB) token.
The decentralized platform, Clober, now offers traders the opportunity to purchase put options on ARB at strike prices ranging from 50 cents to $16. Since their introduction, these options have generated over $50,000 in trading volumes over the past 24 hours, hinting at the market’s craze on the ARB token’s launch.
Here’s How Traders Can Profit on the Launch Day
As the countdown to the Arbitrum (ARB) token launch on 23 March draws closer, traders eagerly anticipate the potential profit opportunities. Traders are looking to capitalize on the hype surrounding the ARB launch by taking advantage of the potential price volatility that often accompanies such events.
A well-known crypto analyst, Mac, outlined certain points which will take place on ARB token’s launch day:
- On the day of the ARB launch, there may be a significant decrease in liquidity for other altcoins on major centralized exchanges (CEX). As a result, it may not be advisable to hold long positions in other altcoins during the launch.
- ARB token’s price may follow a similar pattern to that of BLUR and UNI. Market-makers and airdrop claimers may tend to sell their tokens, resulting in a temporary price decrease. Once the airdrop claim rate reaches around 60-80%, investors may witness a bounce in the price.
- Following the initial price pump, there may be an extended distribution period before accumulation, and a significant price increase several weeks later can be observed.
The analyst further points out the opportunities for traders to make overwhelming profits on 23 March. According to him, a short-term price under $1 for the ARB token is ideal. The analyst advises closely monitoring the market and analyzing the airdrop claim rate using the Dune dashboard.
Once the claim rate reaches around 60%, traders can start purchasing tokens. Following the launch, an initial price pump will likely only last a few days at most. Hence, it is better to sell during this pump to capitalize on any short-term gains.
Crypto Headwinds May Start to Pile Up- Markets May Soon Face Another Sell-off Soon!
The crypto space is falling down! Yes, you heard it right! The Bitcoin price was once again subjected to massive liquidations, resulting in a more than 5% drop in its price along with the other altcoins in the market. With this, the entire market cap collapsed to close to $1.03 trillion. While market participants believe the prevailing bearish trend may ease soon, triggering a rebound, it appears that the bears are here to stay!
The BTC price is consolidating along the lower gained levels from the past few hours and hence squashing the possibility of an immediate recovery. Therefore, the prices of the major cryptos are believed to remain under bearish influence for some more time ahead, as multiple events are about to mark their strong presence within the crypto space.
A popular analyst lists the probable events that may occur in the coming months. Apart from Silvergate, MT. Gox unblock is underway, while the Shanghai upgrade is expected to shake the market as the locked ETH may be withdrawn. As per the analyst, the CPI may soar high by 50bps while the stock markets may witness weakness. The analyst also specified that a combination of the above-mentioned events may trigger mass liquidations again.
The market participants were in extreme fear until the market rose at the beginning of 2023. However, after experiencing a small sigh of relief, the bearish cartel is believed to dominate, which may create another price depression within the markets.
Therefore, will Bitcoin form the bottom before the end of Q1 as predicted by some analysts before, or head back towards $25,000? We need to wait and watch.
Crypto Markets Live: Is a Bullish February Close an Indication of the Start of a Bull Run?
The crypto market is approaching yet another monthly close, which is largely expected to be bullish. The month of February has been bullish, recording huge gains regardless of the trend of the previous month. By registering two consecutive bullish monthly closes, it can be derived that the crypto markets may have risen beyond the bearish captivity.
But how long will the bullish trend continue? What if history repeats itself? Will the crypto markets again fall into a deep bear market?
The historical price action of the crypto space suggests that February has been a bullish month, recording an average gain of 187.83% since 2011 with an average of 12.52% per year. Excluding the 2018 bear market, where-in their action was witnessed in the first few weeks of 2018, the crypto markets recorded magnificent gains for the rest of the year.
Woefully, the markets have surged just 2.12% compared to the previous 39.83%, and hence the fear of a bearish close still haunts the token.
Referring to the above chart, it can be assumed that after February, April may incur equivalent or higher gains, as March may remain consolidated or bearish. Moreover, in the acute bearish case, the entire Q2 has been heavily bearish in the past couple of years. Therefore, it is very much important for the crypto space to remain bullish until the monthly close as a fine upswing could be ignited ahead.
Collectively, Bitcoin prices are becoming unpredictable day by day and the historic profit and loss chart above substantiates this claim. 2021 was marked as one of the bullish years but still, Q2 registered a massive price slash. Besides, March has been bearish for ages and a bearish close for February may fuel the bearish market sentiments.
Here’s When Actual Bitcoin Bull Run Might Start: Analyst Predicts Timeline
With the price of Bitcoin and other cryptocurrencies falling, the cryptocurrency market is being shaken up. At the time of writing, the price of bitcoin has slightly traded above the $23,000 mark and has lost close to 2% of its value over the past day. Also, the daily chart shows that the bearish action may extend below the $23,000 support level.
Recently released macroeconomic data that indicates a faltering economy may have been the root cause of this. Quarter-over-quarter GDP growth fell from 3.2% to 2.7%
A popular cryptocurrency analyst has predicted that Bitcoin (BTC) will likely experience a big midterm increase. According to Altcoin Sherpa, Bitcoin is expected to drop before experiencing an upside breakout.
He said that as for BTC, his area of interest is $21,500. The analyst said that BTC is getting closer to the HVN (high volume node) area and the 200-day EMA [exponential moving average]. In these circumstances, the price can still move higher overall even after a 15% retracement. However, he still thinks BTC will finally reach $30,000 in the midterm.
HVNs are price zones where there was a high volume of activity, indicating periods of
consolidation that serve as support or resistance. If Bitcoin follows Altcoin Sherpa’s forecast, the market leader might first fall to a price of $21,500 before rising to a price of $30,000, indicating an upside potential for BTC of around 40%.
Another analyst is concerned that many traders are currently losing money in the cryptocurrency markets. Altcoin Psycho claimed that January was a profitable month, but February came without warning.
“After almost a full month, BTC is still at the same level as February. Monthly Open. Late bears and bulls alike have been punished by a chop.”
Top Reasons Why Bitcoin May Start a New Bull Run Very Soon
Throughout the entire year of 2022, Bitcoin struggled. However, recent on-chain market statistics indicate that the top cryptocurrency by market capitalization has begun to show signs of improvement. The whole digital asset sector has suffered greatly during the bear market of 2022, with prices for both BTC and ETH falling by more than 75% from their all-time highs. Here are certain specific on-chain data, which may justify Bitcoin’s bull run theory, as highlighted by Cryptoquant.
Bitcoin Has Hit Rock Bottom in Current Cycle – On Chain Metrics
Bitcoin has gained around 12% since last week and is already challenging the $25,000 mark. The price of BTC has not been this high since mid-June 2022. Midway through January, the MVRV ratio for Bitcoin began to surge over 1, a sign that the price has already bottomed and begun a bull market cycle. At 1.22, the ratio is still low enough for investors to take advantage of the opportunity.
The percentage of the BTC supply held by long-term holders (LTHs), despite the active negative trend, is currently close to all-time highs. LTH supply only decreased by 1.3% after the FTX fall, indicating that HODLer’s belief is still very strong. 82.2% of the supply is now owned by LTHs, with 34.87% of that being held at an unrealized loss.
The net unrealized profit and loss (NUPL) display the overall profit and loss in all Bitcoin currently in use. Investors are in the black when the value is more than zero, and more investors are starting to be profitable when the value is trending upward. The value is currently 0.18.
The Puell Multiple, which showed a bottom formation in January, is currently 1.07, indicating a positive trend. It is the ratio of daily issuance to daily issuance moving average and verifies whether the price of Bitcoin is excessively high or excessively low in comparison to previous rates. Readings below 0.5 signify the formation of a bottom.
Do You Want to Start Trading Crypto? Create a Tokex Account Now!
Tokex is a centralized cryptocurrency exchange where you can buy, sell, and trade a wide range of digital assets. This trading platform boasts security, efficiency, multiple features, AML and KYC compliance, and a user-friendly interface. In addition, users can pay through card and wire transfer, access staking pools, crypto loans, and many more services.
- Tokex is a centralized cryptocurrency exchange that allows buying, selling, and trading of crypto.
- Users can access a variety of services such as staking pools (USDT and TKX), crypto loans, and more.
- Users can buy different types of crypto and pay for them through card or wire transfer.
- While mastering crypto trading may take time, using a reliable platform like Tokex can make trading easier.
Trading Crypto on Tokex
Here’s a step-by-step guide on how to start trading on Tokex.
Step 1: Sign up for an account
The first thing you’ll need to do is create an account on Tokex. To do this, visit the Tokex website and click on the “Sign Up” button. You’ll be prompted to enter your email address and create a password. Make sure to use a strong, unique password that you don’t use for any other accounts.
Step 2: Verify your account
After you’ve created your account, you’ll need to verify it. This is a standard process on most exchanges, and it’s designed to protect both you and Tokex from fraud and other security threats. To verify your account, you’ll need to provide some personal information, including your name, address, and date of birth. You may also need to provide a government-issued ID or passport to complete the verification process.
Step 3: Deposit funds
Once your account is verified, you’ll need to deposit funds before you can start trading. Tokex supports a variety of payment methods, including bank transfers, credit and debit cards, or deposit your cryptocurrency from other wallets and exchanges.
Buy Crypto with Debit or Credit Card
Step 4: Choose your trading pair
Now that you have funds in your account, it’s time to start trading! Tokex offers a wide range of trading pairs, which are the currencies that you can trade with each other. For example, if you want to trade Bitcoin, you might choose a trading pair like TKX/USDT (Tokex / Tether) or BTC/USDT (Bitcoin to Tether). Simply select the trading pair you want to trade and then enter the amount you want to buy or sell.
Step 5: Place your order
Once you’ve chosen your trading pair and entered the amount you want to trade, it’s time to place your order. Tokex offers two types of orders: market orders and limit orders. Market orders are executed immediately at the best available price. If you want to buy or sell your chosen currency as quickly as possible, a market order is probably your best bet.
Limit orders, on the other hand, allow you to set a specific price at which you want to buy or sell. For example, if you think the price of Bitcoin is going to go up in the near future, you might set a limit order to buy Bitcoin at a lower price than it’s currently trading for. This way, you can lock in your profits if the price does indeed go up.
Step 6: Track your trades and manage your portfolio
Once you’ve placed your order, you can track your trades and manage your portfolio through the Tokex dashboard. The dashboard provides a variety of tools and resources to help you make informed trades, including charts, market data, and real-time updates.
Practice Makes Earnings
Cryptocurrency is volatile in nature, making trading digital assets tricky and unpredictable. Making a buck from crypto trading requires a lot of practice, research, patience, and a reliable crypto trading exchange. With a little bit of knowledge and practice, you can start building your cryptocurrency portfolio on Tokex in no time.
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The Actual Bitcoin Party Will Start in 2024, Here’s Why
In the first month of 2023, there were some very strong bullish signals for Bitcoin. Following the FTX crash, the cryptocurrency market saw some big gains after being stuck in a bear market for a while. For example, in January, Bitcoin increased from $16.5k to $23.1k. Now that February has begun, it is only natural that the first week has experienced a little decline.
However, one of the events that many analysts and traders believe might significantly “push” the price of Bitcoin is the next halving event for the leading digital currency, which is scheduled for 2024.
Every four years, the mining benefits are cut in half; in 2024, the miner payout will be 3.125 BTC. The halving event raises the price of Bitcoin since it results in a reduction in the number of Bitcoins in circulation.
The fourth protocol-designed 50% reduction in block rewards for Bitcoin occurs every 210,000 blocks or roughly every four years. When Bitcoin reaches 840,000 blocks, which is expected to happen around May 4, 2024, the second halving event will take place.
Investors have historically flocked in before each Halving event because they expect the price of BTC to climb. In fact, there is a well-known idea that the Bitcoin Halving event is a trigger for the crypto bull run cycles.
PlanB, a cryptocurrency trading specialist, stated in October that “the second Bitcoin halving is coming, and IMO it will (again) pump BTC,” while posting a chart analysis of the DeFi asset’s historical price movements and forecasts for the future.
Josh Rager, a trader, and analyst of cryptocurrencies, also projected a significant increase in the price of Bitcoin following its halving in 2024. “The real party won’t start until 2024,” according to Rager.
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.