Solana (SOL) Plunges 8%, Ethereum (ETH) Dips 2.5%, While Furrever Token (FURR) Soars with Record-Breaking Presale

As the cryptocurrency market experiences turbulent fluctuations, with Solana (SOL) witnessing an 8% decline and Ethereum (ETH) dipping 2.5%, attention is drawn to the remarkable ascent of Furrever Token (FURR). Despite the overall market downturn, FURR continues to surge forward, setting new milestones with its record-breaking presale. With an ambitious vision to become the next big altcoin, FURR has captured the imagination of investors, offering lucrative returns and fostering a vibrant community. Let’s delve into the latest developments surrounding these three cryptocurrencies and explore the dynamics shaping their respective trajectories.

Solana (SOL) Plunges Over 8% Amid Transaction Crisis: Can It Recover from A 75% Failure Rate?

Solana (SOL), once celebrated for its efficiency and stability, now faces unexpected hurdles, sending shockwaves through the cryptocurrency market. Priced at $170.16, SOL has tumbled over 8% in the past day, signaling a significant setback. The network, usually lauded for its swift transaction processing, now grapples with a staggering 75% failure rate in transactions. Initially observed among meme coin traders on decentralized exchanges, these transaction failures have now impacted regular users, casting a shadow over Solana’s reliability and causing a 5% drop in its price to $174.40.

This unanticipated challenge marks a departure from Solana’s typically robust performance, raising concerns about its long-term viability and eroding investor confidence. As users encounter difficulties transferring funds within the ecosystem, market observers closely monitor key support levels, with $152.46 emerging as a crucial threshold. A failure to find support at this level could intensify downward pressure, potentially driving SOL towards $132 or even $101.

The timing of Solana’s woes amidst broader market turbulence exacerbates concerns among investors, with apprehension permeating the cryptocurrency community. The network’s ability to swiftly address these challenges will be pivotal in restoring investor confidence and facilitating its recovery. As stakeholders await developments, Solana’s future hangs in the balance, underscoring the importance of swift resolution to mitigate further market disruption.

Ethereum (ETH) Is Going Through a Strong Correction: Will It Recover?

In the volatile landscape of the cryptocurrency markets, Ethereum (ETH) finds itself navigating through turbulent waters once again. With its current price hovering around $3,272, experiencing a 2% decline from yesterday, ETH struggles to break through the formidable resistance level at $3,440. The cryptocurrency faces significant hurdles, particularly as it grapples with maintaining support above the crucial $3,250 mark.

On closer inspection of the ETH/USD pair’s hourly chart, a notable breach of the vital upward trend line at $3,300 is observed, signaling potential downside risks should a closure below the $3,250 support zone occur. Despite recent attempts to reclaim ground above $3,300 and $3,320, reminiscent of Bitcoin’s resurgence, Ethereum’s upward momentum falters as bears loom near the $3,440 region.

While a recent high of around $3,443 briefly reignited optimism, a significant break below the key support line at $3,300 led to a retest of the $3,250 level, resulting in a dip to $3,253 as the cryptocurrency strives to consolidate losses. The current price action underscores the challenges Ethereum faces in sustaining upward momentum amidst market uncertainty.

As ETH grapples with these obstacles, investors remain cautious, closely monitoring price movements and technical indicators for potential signals of a trend reversal or further downside. The cryptocurrency’s ability to navigate through these challenges will undoubtedly shape its trajectory in the days to come, offering both opportunities and risks for market participants.

Furrever Token (FURR): Unleashing the Next Big Altcoin Revolution with Record-Breaking Presale Success and Unstoppable Momentum!

Furrever Token (FURR) has been steadily gaining momentum in the cryptocurrency space, positioning itself as a potential contender to become the next big altcoin. With a myriad of factors working in its favor, FURR stands out as a promising asset with the potential for significant growth in the future.

One of the key factors driving FURR’s potential is its unique value proposition within the crypto market. As an innovative project focused on creating a vibrant ecosystem around pet ownership and animal welfare, FURR taps into a niche market with a passionate community of supporters. This niche focus sets FURR apart from other cryptocurrencies and could contribute to its long-term success and adoption.

Moreover, FURR’s record-breaking presale performance, amassing over $660,000 in just a month, underscores the strong investor interest and confidence in the project. The remarkable returns of up to 15X for presale investors further highlight the potential for lucrative gains with FURR. This impressive performance not only reflects the growing investor appetite for FURR but also signals the project’s ability to attract significant capital inflows.

Additionally, FURR boasts a vibrant and engaged community, which plays a pivotal role in driving awareness, adoption, and network effects. The project’s community-driven approach, coupled with its transparent and inclusive governance model, fosters a sense of ownership and participation among stakeholders. This grassroots support could fuel FURR’s growth trajectory and contribute to its emergence as a prominent player in the altcoin market.

Furthermore, FURR’s commitment to transparency, evidenced by measures such as smart contract audits and team token locks, instills trust and confidence among investors. The project’s strategic roadmap, including plans for listing on major exchanges like PancakeSwap, further enhances its visibility and accessibility to a broader audience.

Overall, Furrever Token (FURR) exhibits strong potential to emerge as the next big altcoin in the cryptocurrency landscape. With its unique value proposition, impressive presale performance, passionate community, and commitment to transparency, FURR is well-positioned to carve out its niche and thrive in the competitive crypto market.

Don’t Wait! Discover the Most Exclusive Presale Opportunity of 2024!

Furrever Token Official Website  |   Visit Furrever Token Presale

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How to Use the BNB Faucet to Get Free Testnet BNB – CoinCheckup

A BNB faucet is a tool that will give you free testnet BNB tokens. A BNB faucet is an example of a crypto faucet, which are websites provide a small amount of mainnet or testnet crypto for free.

For example, it was possible to get BTC coins for free when Bitcoin was still in its very early stages. Nowadays, you likely won’t be able to find mainnet faucets for big cryptocurrency projects, although there might be a mainnet faucet available for small projects with a low market capitalization.

At the moment, a faucet for mainnet BNB tokens doesn’t exist. If you want to get some free BNB, you’ll have to settle for testnet BNB tokens, which don’t have any monetary value and are used on the BSC testnet. However, testnet BNBs are still useful if you want to try out how Binance Smart Chain works, or even deploy your own smart contracts for testing.

We’ll show you how to use a BNB testnet faucet to get some free testnet BNB tokens that you’ll be able to use right away.

The Binance Smart Chain testnet

Before we show you exactly how you can get some free testnet BNB, let’s quickly explain what the Binance Smart Chain testnet is.

The Binance Smart Chain testnet is a blockchain network created to replicate the environment of the BSC mainnet. Programmers and regular users can access the testnet to experiment with decentralized applications and assess their performance prior to their launch on the mainnet. Tokens on the Binance Smart Chain testnet possess no monetary value, which means that you can experiment freely without the fear of potentially losing something valuable.

We should reiterate that there’s currently no faucet that distributes mainnet BNB tokens for free. If anyone claims that they will give you mainnet BNB tokens for free, you’re likely dealing with a scammer and should be very cautious.

How to get BNB with MetaMask on the BSC testnet?

If you want to use the BNB faucet, you will first need to set up a crypto wallet that will work with the BNB Chain testnet. You will be using this wallet to receive testnet funds.

We recommend that you use the MetaMask wallet, but you can choose any other wallet you wish. For example, another wallet that can be used to access the BSC testnet is Trust Wallet, but we’ll be using MetaMask in our example.

1. Access the “Networks” section in your MetaMask wallet

The first step is to add the Binance Smart Chain testnet network to your MetaMask wallet. Click your avatar icon in the MetaMask wallet, and go to “Settings”. Then, select “Networks”.

In the “Networks” tab, choose “Add network”. 

2. Provide the necessary info about the Binance Smart Chain testnet

In order to add a new network to your MetaMask wallet, you’ll need to provide some information so that your MetaMask wallet can connect successfully. Here’s the info you need to add the Binance Smart Chain testnet to MetaMask:

  • Network name: Smart Chain – Testnet
  • New RPC URL: https://data-seed-prebsc-1-s1.binance.org:8545/
  • Chain ID: 97
  • Currency symbol: tBNB
  • Block explorer URL: https://testnet.bscscan.com

Enter the required details and click on the “Save” button. Once completed, your MetaMask wallet will have the ability to establish a connection with the BSC testnet.

3. Go to the BSC faucet

Now, you’re ready to get some testnet BNB from the official BSC testnet faucet. Visit testnet.binance.org/faucet-smart/.

The website will prompt you for a brief verification process, which serves as a precautionary measure against automated bots spamming the faucet with token requests. Once the verification is successfully completed, you will be able to enter your BSC testnet address to receive test tokens.

4. Claim your testnet BNB

Next, click on “Give me BNB” and select the amount of testnet BNB to receive. At the moment, the only option offered by the BNB faucet is 0.1 BNB. 

After a few seconds, you should receive your testnet BNB tokens in your wallet. As you can see, we have 0.1 tBNB in our account now. 

Now that you have some testnet BNB, feel free to experiment with any DApps on the Binance Smart Chain testnet. You can use the BNB faucet for gas if you run out of testnet BNB to pay for your transactions.

A list of popular BNB faucets

Our example showed you how you can get testnet BNB tokens using the faucet at binance.org, which is generally regarded in the community as the “official” BNB faucet. However, there’s also other BNB faucets that you can use to get some testnet BNB.

Regardless of which BNB faucet you choose to use, you will need to have a wallet set up that’s configured to use the BNB Chain testnet. So, steps 1 and 2 outlined in the guide above still apply regardless of which BNB faucet you’re using.

Now, let’s quickly highlight some of the alternative BNB faucets you can use.

  • Triangle BNB faucet: Triangle’s BNB faucet is a simple testnet BNB faucet where you only need to provide a BNB Chain testnet address. However, you should keep in mind that this faucet only distributed 0.001 BNB at a time, which is a relatively small amount.
  • QuickNode BNB faucet: QuickNode offers a popular BNB faucet that you can use to get some free testnet BNB. Keep in mind that your wallet must hold at least 0.001 ETH to request testnet BNB through this faucet. This is done to prevent spamming.
  • BitBond BNB faucet: In order to use the BitBond BNB faucet, you need to connect your wallet and complete your profile. This includes selecting an avatar and providing an email address. Once you complete these steps, you’ll be able to request a small amount of free testnet BNB.

What are testnet BNB tokens used for?

Testnet BNB tokens are exclusively utilized for testing and have no monetary value. They are useful because they allow users to simulate using a mainnet, without the associated risks.

Even if you accidentally create a buggy smart contract that causes you to lose funds, there is no harm on the testnet since your testnet tokens have no value anyway, and you can get more of them for free.

When the BSC testnet receives an upgrade, it’s possible that users testnet BNB balances are reset. If this happens, you should get some more testnet BNB tokens using the process we provided above. 

The bottom line

Using a BNB faucet is very simple, and all you need to get started is to install a wallet that’s compatible with the Binance Smart Chain testnet. We recommend you use MetaMask, but you can also choose Trust Wallet or any other compatible wallet.

You can use the BNB faucet multiple times, although the website does have some restrictions in place in order to fend off spammers.

If you want to use the mainnet BNB Chain, you’ll have to buy some BNB tokens first as there’s no such thing as a mainnet BNB faucet at the moment. Learn why we’ve featured BNB as one of the best altcoins to buy.

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How Does Crypto Gain Value?

Cryptocurrencies are notorious for their volatile prices. Bitcoin, the most famous among them, is known for its erratic price movements – one moment the media reports its decline, and the next, headlines trumpet its soaring value. For those unfamiliar with the intricacies of cryptocurrencies, deciphering the forces influencing their prices can be perplexing.

This article seeks to demystify the mechanism underpinning cryptocurrency valuation, shedding light on how these digital assets accrue value, the key drivers impacting cryptocurrency prices, the vital roles played by supply and demand dynamics, the significance of regulatory oversight, and more.

What is the Value of a Cryptocurrency?

The debate surrounding the value of cryptocurrencies shows no sign of calming down. Critics argue that cryptocurrencies lack inherent value, while proponents counter that fiat currencies share this characteristic. Just like traditional money, cryptocurrencies derive their value from people’s collective agreement to utilize them as mediums of exchange. Those skeptical of cryptocurrencies’ utility can simply opt out of using them. Nonetheless, the growing numbers indicate a significant portion of the population gravitates towards cryptocurrencies. Estimates suggest that anywhere from 300 million to 1 billion individuals have engaged with or currently hold cryptocurrencies.

Image source: Zippia

In practical terms, cryptocurrencies serve dual purposes as mediums of exchange and stores of value. Are they reminiscent of bubbles? Possibly. Do they have shortcomings? Undoubtedly. Do they facilitate illicit transactions and illicit funding? Unfortunately, yes, aligning them with fiat currencies in this respect.

However, distinctions exist from fiat money. While the value of national currencies is intertwined with state banking systems and market forces, cryptocurrencies’ value is predominantly influenced by market conditions. Traditional banking institutions wield minimal direct influence over cryptocurrency valuations. Moreover, the underlying technology of a cryptocurrency plays a critical role in determining its perceived worth. Strong use cases can elevate the investment potential of native and utility tokens offered by blockchain-based services, while effective marketing strategies employed by these projects also significantly bolster their perceived value.

Multiple features set cryptocurrencies apart and draw individuals to them. Unlike fiat currencies, cryptocurrencies operate independently of traditional banking systems and jurisdictional boundaries. Transactions involving cryptocurrencies offer uniform conditions – consistent fees and transfer times regardless of the destination. The allure of conducting discreet transactions also contributes to the preference for cryptocurrencies over fiat money, further solidifying their value. Additionally, the concept of scarcity, particularly evident in deflationary cryptocurrencies such as Bitcoin, stands out as a fundamental factor contributing to the valuation of these digital currencies.

Furthermore, cryptocurrencies diverge from traditional investment instruments due to their heightened volatility and the adventurous nature of trading compared to traditional stocks. Seasoned traders and investors often leverage this volatility for swift gains. Additionally, the cryptocurrency industry offers a myriad of profit-making opportunities, spanning trading, yield farming, staking, mining, and various other avenues of generating income.

The lack of trust in traditional banking systems continues to shape the perceived value of digital assets, despite reports indicating that centralized exchanges and custodial platforms hold a significant proportion, purportedly exceeding 80%, of all cryptocurrencies. 

Factors That Influence the Value of Cryptocurrencies

Scarcity, utility, decentralization, and marketing stand out as primary influencers impacting the valuation of cryptocurrencies. Let’s delve deeper into each of these factors to gain a richer understanding of their significance in determining the value of digital assets.

1. Scarcity

Scarcity emerges as a critical determinant of cryptocurrency value. It is important to recognize that while some cryptocurrencies possess an unlimited supply, thereby undermining their scarcity, others, like Bitcoin, incorporate mechanisms to enforce a finite cap. Bitcoin, for instance, is designed with a predetermined total supply limit of 21 million coins. 

Through the process of halving – a periodic event occurring approximately every four years wherein mining rewards are halved – the rate of new coin issuance gradually decreases. This characteristic, reminiscent of the scarcity associated with traditional commodities like gold, has contributed to Bitcoin’s reputation as a secure store of value. 

Image source: Crypto.com

The stock-to-flow model, which establishes a relationship between the asset’s value and its scarcity, has gained traction among cryptocurrency enthusiasts, although its applicability to the broader cryptocurrency landscape remains subject to debate.

2. Utility

The utility of a cryptocurrency plays a pivotal role in shaping its value proposition. While some digital assets primarily function as mediums of exchange, exemplified by Bitcoin’s predominant role as a digital currency, others serve as foundational or utility tokens within intricate digital ecosystems. Take, for example, Ether, the native token of the Ethereum blockchain. Ether serves as the fuel powering a diverse array of decentralized applications (dApps), platforms, and alternative cryptocurrencies that operate within the Ethereum network. Notably, the prevalence of non-fungible tokens (NFTs), which predominantly exist as Ethereum-based tokens, necessitates the utilization of Ether for transaction fees, thus enhancing the intrinsic value of Ether within the Ethereum ecosystem. 

In addition, certain cryptocurrencies serve dual roles as governance instruments within specific blockchain networks. For instance, in networks operating on the Proof-of-Stake consensus mechanism, token holders wield voting rights and can participate in decision-making processes by staking a portion of their tokens. Several platforms incentivize user engagement through rewards; for instance, the Brave browser or certain video games that offer users the opportunity to earn and spend cryptocurrencies, leveraging these digital assets as in-game currencies that can seamlessly transition into tradable assets on various cryptocurrency exchanges.

3. Decentralization

The majority of established cryptocurrencies operate in a decentralized manner. This implies that no single entity possesses the authority to alter records stored on the blockchain, seize your funds, or restrict your use of the cryptocurrency. A cryptocurrency that upholds a high degree of decentralization while ensuring security maintains its credibility and value.

4. Marketing

Developing a robust product is one aspect, while marketing and promoting it is another crucial facet. Not all promising cryptocurrency projects ascend to the top 100 cryptocurrencies solely due to a lack of effective promotional efforts. A project may exhibit technical strength, but a compelling marketing campaign significantly accelerates its value growth. Certain cryptocurrencies experience rapid price appreciation once they are endorsed by public figures. A prominent example is Elon Musk’s favorable tweets about Dogecoin, catapulting the coin into the top 10 cryptocurrencies.

Cryptocurrency Supply and Demand

The interplay of supply and demand, a potent market force, continuously shapes the value of cryptocurrencies, necessitating a dedicated exploration of this factor.

Traders engage in buying and selling cryptocurrencies across global markets all the time. Buyers seek to acquire assets at favorable prices, while sellers aim to secure lucrative selling prices, causing crypto prices to fluctuate on various exchanges. Traders and investors endeavor to resell acquired crypto assets at higher prices to capitalize on market movements.

A surge in demand for a specific crypto asset exceeding its supply triggers a price increase. Conversely, a surge in traders looking to sell the asset indicates an imminent downturn.

The desire to acquire a particular cryptocurrency is fueled by news stories, endorsements, advertisements that highlight the distinctive attributes of the asset, among other factors. Nonetheless, if the initial excitement fails to align with people’s expectations, sentiment may swiftly shift, prompting rapid asset sell-offs and subsequent price declines.

Major cryptocurrencies exert substantial influence over the broader crypto market. Bitcoin stands out as the most impactful cryptocurrency. Market movements often follow Bitcoin’s price trends in either direction. Reports of significant crypto thefts or security breaches on major crypto platforms can lead to market vulnerabilities and weaken overall market sentiment.

Regulations

Regulations concerning cryptocurrencies can significantly influence prices in either direction. The decline in Bitcoin’s value in September 2017 (see the picture below), for instance, was triggered by China’s prohibition on Initial Coin Offerings (ICOs). 

Conversely, a recent positive development occurred in January 2024 when the U.S. Securities and Exchange Commission (SEC) greenlit 11 new spot Bitcoin exchange-traded funds (ETFs), sparking a notable upward trend. This announcement, coupled with the impending Bitcoin reward halving, propelled Bitcoin to reach record-breaking price levels.

Conclusion

The skepticism surrounding cryptocurrencies’ intrinsic value is largely inaccurate, as the value of crypto assets accrues in a manner akin to traditional fiat currency. However, certain distinctions exist.

Cryptocurrency value is influenced by a multitude of factors. Fluctuations in demand directly impact a cryptocurrency’s market price. Yet, more profound determinants include the cryptocurrency’s utility, technological sophistication, endorsements by notable figures, marketing strategies, the prevailing market conditions, and news specifically related to that cryptocurrency. Additionally, regulatory actions also play a significant role in shaping the value of cryptocurrencies.

The opinions and assessments expressed in the text are the views of the author of the article and may not represent the position of Cryptogeek. Do not forget that investing in cryptocurrencies and trading on the exchange is associated with risk. Before making decisions, be sure to do your own research on the market and the products you are interested in.

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Xterio to Launch Gaming-Oriented Blockchain in Collaboration with AltLayer, aiming for Wider Web3 Gaming Adoption

[PRESS RELEASE – Singapore, Singapore, April 4th, 2024]

Xterio, a leading Web3 gaming publisher and platform, and AltLayer, an open and decentralized protocol for launching native and ZK rollup stacks, have announced the launch of a game-focused restaked rollup designed specifically for Web3 games.

Xterio is a Web3 gaming ecosystem & infrastructure, distinguishing itself as a gaming publisher with top-notch development skills, unparalleled distribution expertise, and over $80M raised in ecosystem funding. With five AAA games and over 45 gaming partners, Xterio has amassed a gaming community of over two million users worldwide and developed the most successful gaming NFT launchpad. Co-founded by industry veterans like Michael Tong, former COO of NetEase and CSO of FunPlus, and Jeremy Horn, former Vice President of Jam City, Xterio is committed to accelerating the integration of Web3 technology into gaming and onboarding billions of gamers.

The Xterio chain will be run and managed by AltLayer. It will operate as a Layer 2 settling on Ethereum and utilize the OP Stack as the rollup framework with EigenDA as the Data Availability (DA) layer. Unlike a classical rollup, Xterio chain will instead take the form of a “restaked rollup”, a framework pioneered by AltLayer. As a restaked rollup, the Xterio chain will come with MACH – an Actively Validated Services (AVS) offering faster finality with economic security by leveraging EigenLayer’s restaking mechanism. The rollup will focus on web3 and AI-powered games, with plans to build an on-chain ecosystem around AAA games leveraging the $XTER token.

In addition to being integrated across multiple Xterio titles, the Xterio chain will act as the backbone of the Xterio ecosystem, offering a gateway to a vibrant gaming ecosystem and empowering players to effortlessly collect, own, and trade digital assets in a safe and accessible environment and allowing developers to mint, distribute, and manage millions of assets seamlessly. The chain, alongside the comprehensive Xterio tech platform, intends to make on-chain elements almost invisible thanks to account abstracted wallets, seamless off-chain and on-chain systems, cheap transactions, single-click purchases, flexible payment marketplace and launchpad, and more. In addition to facilitating transactions, the Xterio marketplace and NFT launchpad will embrace the Xterio token as a versatile payment method, accepted for both purchases and gas fees, ensuring a smooth and convenient user experience.

Looking ahead, the Xterio chain will open its doors to game developers seeking a sophisticated yet user-friendly solution to power their creations. Through the Xterio chain, developers will have access to the most extensive first-party gaming catalog in Web3 and tap into its over 2 million user base, which is currently rapidly growing.

With its promise of easy integration and cutting-edge capabilities, the Xterio chain stands ready to drive the future of gaming.

Yaoqi Jia, CEO of AltLayer, said: “Xterio serves as a robust, highly respected platform to its numerous, highly-regarded content partners in the gaming space. As the nature of gaming evolves and calls for higher-performing game mechanics, game economics, and in-game transactions grow, we’re delighted that Xterio has embraced rollups to strengthen its products’ technical capabilities. With AltLayer’s novel restaked rollup product MACH, Xterio will also enjoy security and much faster finality features built using EigenLayer’s restaking mechanism that will ultimately underpin a better gaming experience to benefit developers and players alike.”

Michael Tong, CEO of Xterio, expressed: “Through our collaboration with AltLayer, Xterio is spearheading the development of a cutting-edge blockchain infrastructure to fuel our Web3 gaming titles and extending its availability to partners and collaborators. By harnessing the expansive ETH ecosystem and addressing critical user concerns like gas fees and rapid transaction finality, Xterio is poised to emerge as a frontrunner in high-quality Web3 and beyond.”

Highly regarded for its on-chain gaming capabilities by industry bigwigs, this Binance Labs-backed platform is now building out its game and technology functions, including artificial intelligence (AI) integration and token launch.

About Xterio

Xterio Foundation in Switzerland was founded with a council and by a team of technology and entertainment leaders with deep game development and publishing experience. Its mission is to develop, publish, and distribute high-quality Web2 and Web3 games and interactive entertainment.

Xterio is committed to accelerating the integration of Web3 technology into gaming and AI. This commitment simplifies the experience for developers and players, facilitating the widespread adoption of decentralized gaming and digital ownership. Xterio, together with its partners, operate the first gaming rollup with the latest MACH technology and one of the best launchpads for games and marketplaces. Recently, the Xterio platform has successfully launched NFT sales in Overworld, Age of Dinos, Persona, Army of Fortune, and more.

The Xterio platform is developing five first-party titles powered by $XTER. Each is led by genre experts and supported by talented teams from renowned entities like FunPlus, Riot, Tencent, and Epic.

To learn more, users can visit xter.io and follow along at @XterioGames.

About AltLayer

Founded in 2021, AltLayer is an open and decentralized protocol for rollups. AltLayer is known for its novel product – ‘restaked rollups’ – which supplements existing rollups with better security, decentralization, fast finality, and interoperability.

Built atop its protocol is a Rollups-as-a-Service (RaaS) launcher, a hassle-free platform allowing developers and beginners to spin up a customized rollup within 2 minutes! This product is designed for a multi-chain and a multi-VM world.

Together, these products form the bedrock of a modular blockchain ecosystem – home to hundreds of thousands of rollups that can accelerate scaling for any Web3 application. They can help save considerable capital, reduce years of development work for teams, encourage innovation, and fast-track experimentation while being fully open and permissionless.

Industries spanning the NFT sector, Web3 gaming, DeFi, real-world asset tokenization, and others leverage these rollups to scale their applications. AltLayer supports major stacks, alternative DA layers, and shared sequencers, including OP Stack, Arbitrum Orbit, Polygon CDK, ZK-rollup, Celestia, EigenDA, Avail, Espresso, and more.

Alter invites users to join its community: Twitter | Discord | Official Website

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Decentralization and Localized Manufacturing: Bitcoin, AI and 3D printing

In the 1997 book The Sovereign Individual, William Rees-Mogg and James Dale Davidson make a convincing case that again and again throughout history, the dominant power of the day was disrupted by new technologies. Advances in agriculture meant that people and their property were often geographically stationary, making them sitting ducks for “specialists in violence”, the predecessors to modern governments, who back then, were both the plunderers and protectors against plunder. The stirrup, contoured saddle, spur, and curb bit had a combined similar disrupting effect, shifting power away from heavy cavalry to a single armed knight. The Gunpowder Revolution disrupted the feudal order of the day, reinforced in those days by the Catholic Church. Rees-Mogg and Davidson write, “the Church tended to make religious virtues of its own economic interests, while militating against the development of manufacturing and independent commercial wealth that were destined to destabilize the feudal system.” The printing press disrupted the Church even further: causing it to lose its monopoly on biblical narrative. The result was a major loss in its influence and power, which gave way to the modern nation state.

Rees-Mogg and Davidson argue that the microprocessor would inevitably disrupt the nation state in the same way that the printing press disrupted Christendom a few hundred years ago. The internet itself (a globally-interconnected community) and public key cryptography (which protects both communications and property of Bitcoin) are made possible by microprocessors.

The present and future

One major battlefront for decentralization is fought on the currency front. Since Bitcoin’s 2009 inception, we have been able to transact permissionlessly, borderlessly, and (often) anonymously. Nation states have long been jealous of any challenge to their monopoly on money, and they will spend vast sums of money to ensure that there are no serious monetary rivals. Bitcoin serves as an alternative to that trap, which is why it is under attack by the likes of politicians and the crumbling legacy media.

But to transact on Bitcoin, you need miners. No doubt, regulators in the United States and Europe observed as China outlawed Bitcoin mining in 2021, which only resulted in the majority of the hashing power moving from that country to the United States. So while they would probably wish to ban it in the United States and Europe outright, they know that they would only lose both regulatory control and tax revenue from Bitcoin miners by doing so. Thus, for now, not even Elizabeth Warren – the most Bitcoin-hostile legislator in Washington – proposes to outright ban Bitcoin. Instead, she proposes to expand know-your-customer (KYC) rules to essentially all parties within the Bitcoin ecosystem as well as discourage self-custody and privacy-enhancing technologies.

Bitcoin does have an important weak point of centralization (for now): the hardware. The University of Cambridge produces industry reports on Bitcoin mining and communicates that, hardware-wise, the overwhelming majority of Bitcoin miners report to use an “ASIC” chip for mining Bitcoin’s SHA-256 hashing algorithm produced by Singapore-based company Bitmain, with competitors MicroBT and Canaan trailing behind. Regardless of where Bitmain produces its ASIC chips, the ideal scenario for Bitcoin’s decentralization would be that production of ASIC miners (and the mining itself for that matter) would be dispersed around the world so that no specific region could have a definitive advantage, taking the majority control of the hashing power. A reasonable compromise would be one in which ASIC miners were produced, at scale and in high quality, by at least more manufacturers than there are now, especially across countries that are not politically aligned with one another so that collusion between them would be increasingly unlikely.

A second major battlefront for decentralization is fought on the Artificial Intelligence (AI) front. I once attended a conference in which Peter Thiel participated as a speaker. He said something very close to the following (quoted from my memory): “Bitcoin is a technology that, on net, favors the individual. AI is a technology that, on net, favors the state.” It is the latter technology and its favoring the state that emphasizes the importance of getting it into the hands of as many participants as possible if we are to build a truly decentralized world.

One risk to AI’s decentralization is one that Bitcoin has in common: a potential future scenario in which hardware is monitored and must be registered by law. In the case of Bitcoin, that would mean miners must register their ASIC chips. In the case of AI, it could mean that even you or I would need to register graphics processing units (GPUs) above a certain capacity (or, in the case of software, that matrices must be registered). Guillaume Verdon, the name behind the now doxed alias @BasedBeffJesos, highlighted this risk in a podcast with Lex Fridman, arguing that this could “[stop] the open source ecosystem from thriving… by executive order, claiming that open source LLMs are dual-use technologies and should be government-controlled.”

Although executive orders could not kill Bitcoin (but could discourage some people from using it), similar reporting requirements for miners would likely, to some degree, impact Bitcoin’s open source ecosystem.

A third major battleground worth highlighting is 3D printers, assemblers, and other tools in the “maker” arsenal. This “maker” movement hints at a future solution to the problem of centralization tendencies for Bitcoin and AI.

Imagine a world with 3D printers and accompanying tools in most people’s homes. If you could print your own high-quality ASIC Bitcoin miners and GPUs for running large language models (LLMs), decentralization is light-years ahead.

We can ignore for a moment the futuristic scenario in which 3D printers and other “maker” tools are used to produce hardware for Bitcoin and AI applications. Even at present, at least one government is looking at the 3D printer with the same skeptical eye that the Catholic Church had for the printing press in the 15th and 16th centuries. New York State’s Assembly Bill A8132, if passed into law, would require criminal background checks, with fingerprints sent to the FBI, in order to purchase 3D printers “capable of creating firearms.” It is reasonable to expect that various governments, fearing loss of their own centralized power, will continue to push registration and “KYC” requirements to maintain control of real-space tools that facilitate decentralization in cyberspace.

Note: The Soviet Union had similar controls on seemingly harmless products such as books, photocopiers, fax machines – all of which facilitated the spread of information, and thus, threatened the regime. There were similar efforts to control the sale of fabric that could be used to build hot air balloons in East Germany, to stop people from escaping to West Germany. (See the 1982 American film Night Crossing and the 2018 German film Balloon that both document a real escape).

Localized manufacturing, whether at home or in a so-called community fabrication laboratory or “fab lab”, is likely to come under increased hostility by various governments as 3D printers and other “maker” tools are able to produce even more sophisticated electronics. But, for now at least, fab labs are growing exponentially in number, with well over 2,000 of them spread around the world so far, and even receive various levels of support by governments. These fab labs, by the way, don’t account for the many more personalized labs in people’s homes.

Neil Gershenfeld at MIT’s Center for Bits and Atoms tries to understand what the world looks like when almost anybody can make almost anything and when machines can make other machines, even machines more sophisticated than themselves, and often with locally-sourced materials.

Gershenfeld argues in a podcast appearance that localized manufacturing doesn’t scale and that production is generally for personal use, not commercial sale. But when many thousands of people around the world learn how to locally produce their own 3D-printed and home-assembled Bitcoin miner and then combine their individual hashing power with others in a mining pool and coordinate with one another over the Tor network… then the world starts to look much more decentralized.

Conclusion

Bitcoin, AI, and 3D printers share a common theme of decentralization and disruptive potential for the nation state. As both Bitcoin’s ASIC mining chips and GPUs used to run LLMs exist in real-space where nation states are most dominant, governments may become increasingly hostile towards such hardware: requiring criminal background checks, KYC, etc. Interestingly, 3D printers, assemblers, and other “maker” tools could be used now or in the future for localized manufacturing (whether at home or in so-called “fab labs”), enabling a much more decentralized world.

Meanwhile, on the policy front, criminal background checks and registration requirements for 3D printers and other “maker” tools such as those proposed in New York’s Assembly Bill A8132 deserve a skeptical eye and strong political pushback.

This is a guest post by Emile Phaneuf. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.

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#Decentralization #Localized #Manufacturing #Bitcoin #printing

cat in a dogs world (MEW) Price Prediction 2024 2025 2026 2027 – 2030

cat in a dogs world Overview

cat in a dogs world Prediction Table

2024

2025

2026

2027

2028

2029

2030

2031

2032

2033

2040

2050

April $0.0075 $0.0083 $0.0085
May $0.0082 $0.0085 $0.0089
June $0.0085 $0.0088 $0.0093
July $0.0088 $0.0091 $0.0097
August $0.0089 $0.0093 $0.0101
September $0.0093 $0.0097 $0.0105
October $0.0095 $0.0099 $0.0109
November $0.0097 $0.0101 $0.0113
December $0.0100 $0.0103 $0.0118
All Time $0.00893 $0.00933 $0.0101

Choose a year

2024

2025

2026

2027

2028

2029

2030

2031

2032

2033

2040

2050

cat in a dogs world Historical

According to the latest data gathered, the current price of cat in a dogs world is $$0.01, and MEW is presently ranked No. 221 in the entire crypto ecosystem. The circulation supply of cat in a dogs world is $590,367,336.76, with a market cap of 88,888,888,888 MEW.

In the past 24 hours, the crypto has increased by $0.0009 in its current value.

For the last 7 days, MEW has been in a good upward trend, thus increasing by 315.89%. cat in a dogs world has shown very strong potential lately, and this could be a good opportunity to dig right in and invest.

During the last month, the price of MEW has increased by 275.56%, adding a colossal average amount of $0.02 to its current value. This sudden growth means that the coin can become a solid asset now if it continues to grow.

cat in a dogs world Price Prediction 2024

According to the technical analysis of cat in a dogs world prices expected in 2024, the minimum cost of cat in a dogs world will be $$0.0100. The maximum level that the MEW price can reach is $$0.0118. The average trading price is expected around $$0.0103.

MEW Price Forecast for April 2024

Based on the price fluctuations of cat in a dogs world at the beginning of 2023, crypto experts expect the average MEW rate of $$0.0083 in April 2024. Its minimum and maximum prices can be expected at $$0.0075 and at $$0.0085, respectively.

May 2024: cat in a dogs world Price Forecast

Cryptocurrency experts are ready to announce their forecast for the MEW price in May 2024. The minimum trading cost might be $$0.0082, while the maximum might reach $$0.0089 during this month. On average, it is expected that the value of cat in a dogs world might be around $$0.0085.

MEW Price Forecast for June 2024

Crypto analysts have checked the price fluctuations of cat in a dogs world in 2023 and in previous years, so the average MEW rate they predict might be around $$0.0088 in June 2024. It can drop to $$0.0085 as a minimum. The maximum value might be $$0.0093.

July 2024: cat in a dogs world Price Forecast

In the middle of the year 2023, the MEW price will be traded at $$0.0091 on average. July 2024 might also witness an increase in the cat in a dogs world value to $$0.0097. It is assumed that the price will not drop lower than $$0.0088 in July 2024.

MEW Price Forecast for August 2024

Crypto experts have analyzed cat in a dogs world prices in 2023, so they are ready to provide their estimated trading average for August 2024 — $$0.0093. The lowest and peak MEW rates might be $$0.0089 and $$0.0101.

September 2024: cat in a dogs world Price Forecast

Crypto analysts expect that at the end of summer 2023, the MEW price will be around $$0.0097. In September 2024, the cat in a dogs world cost may drop to a minimum of $$0.0093. The expected peak value might be $$0.0105 in September 2024.

MEW Price Forecast for October 2024

Having analyzed cat in a dogs world prices, cryptocurrency experts expect that the MEW rate might reach a maximum of $$0.0109 in October 2024. It might, however, drop to $$0.0095. For October 2024, the forecasted average of cat in a dogs world is nearly $$0.0099.

November 2024: cat in a dogs world Price Forecast

In the middle of autumn 2023, the cat in a dogs world cost will be traded at the average level of $$0.0101. Crypto analysts expect that in November 2024, the MEW price might fluctuate between $$0.0097 and $$0.0113.

MEW Price Forecast for December 2024

Market experts expect that in December 2024, the cat in a dogs world value will not drop below a minimum of $$0.0100. The maximum peak expected this month is $$0.0118. The estimated average trading value will be at the level of $$0.0103.

cat in a dogs world Price Prediction 2025

After the analysis of the prices of cat in a dogs world in previous years, it is assumed that in 2025, the minimum price of cat in a dogs world will be around $$0.0141. The maximum expected MEW price may be around $$0.0172. On average, the trading price might be $$0.0145 in 2025.

Month Minimum Price Average Price Maximum Price
January 2025 $0.0103 $0.0107 $0.0123
February 2025 $0.0107 $0.0110 $0.0127
March 2025 $0.0110 $0.0114 $0.0132
April 2025 $0.0114 $0.0117 $0.0136
May 2025 $0.0117 $0.0121 $0.0141
June 2025 $0.0121 $0.0124 $0.0145
July 2025 $0.0124 $0.0128 $0.0150
August 2025 $0.0127 $0.0131 $0.0154
September 2025 $0.0131 $0.0135 $0.0159
October 2025 $0.0134 $0.0138 $0.0163
November 2025 $0.0138 $0.0142 $0.0168
December 2025 $0.0141 $0.0145 $0.0172

cat in a dogs world Price Prediction 2026

Based on the technical analysis by cryptocurrency experts regarding the prices of cat in a dogs world, in 2026, MEW is expected to have the following minimum and maximum prices: about $$0.0197 and $$0.0245, respectively. The average expected trading cost is $$0.0203.

Month Minimum Price Average Price Maximum Price
January 2026 $0.0146 $0.0150 $0.0178
February 2026 $0.0150 $0.0155 $0.0184
March 2026 $0.0155 $0.0160 $0.0190
April 2026 $0.0160 $0.0164 $0.0196
May 2026 $0.0164 $0.0169 $0.0202
June 2026 $0.0169 $0.0174 $0.0209
July 2026 $0.0174 $0.0179 $0.0215
August 2026 $0.0178 $0.0184 $0.0221
September 2026 $0.0183 $0.0189 $0.0227
October 2026 $0.0188 $0.0193 $0.0233
November 2026 $0.0192 $0.0198 $0.0239
December 2026 $0.0197 $0.0203 $0.0245

cat in a dogs world Price Prediction 2027

The experts in the field of cryptocurrency have analyzed the prices of cat in a dogs world and their fluctuations during the previous years. It is assumed that in 2027, the minimum MEW price might drop to $$0.0278, while its maximum can reach $$0.0330. On average, the trading cost will be around $$0.0287.

Month Minimum Price Average Price Maximum Price
January 2027 $0.0204 $0.0210 $0.0252
February 2027 $0.0211 $0.0217 $0.0259
March 2027 $0.0217 $0.0224 $0.0266
April 2027 $0.0224 $0.0231 $0.0273
May 2027 $0.0231 $0.0238 $0.0280
June 2027 $0.0238 $0.0245 $0.0288
July 2027 $0.0244 $0.0252 $0.0295
August 2027 $0.0251 $0.0259 $0.0302
September 2027 $0.0258 $0.0266 $0.0309
October 2027 $0.0265 $0.0273 $0.0316
November 2027 $0.0271 $0.0280 $0.0323
December 2027 $0.0278 $0.0287 $0.0330

cat in a dogs world Price Prediction 2028

Based on the analysis of the costs of cat in a dogs world by crypto experts, the following maximum and minimum MEW prices are expected in 2028: $$0.0483 and $$0.0378. On average, it will be traded at $$0.0393.

Month Minimum Price Average Price Maximum Price
January 2028 $0.0286 $0.0296 $0.0343
February 2028 $0.0295 $0.0305 $0.0356
March 2028 $0.0303 $0.0314 $0.0368
April 2028 $0.0311 $0.0322 $0.0381
May 2028 $0.0320 $0.0331 $0.0394
June 2028 $0.0328 $0.0340 $0.0407
July 2028 $0.0336 $0.0349 $0.0419
August 2028 $0.0345 $0.0358 $0.0432
September 2028 $0.0353 $0.0367 $0.0445
October 2028 $0.0361 $0.0375 $0.0458
November 2028 $0.0370 $0.0384 $0.0470
December 2028 $0.0378 $0.0393 $0.0483

cat in a dogs world Price Prediction 2029

Crypto experts are constantly analyzing the fluctuations of cat in a dogs world. Based on their predictions, the estimated average MEW price will be around $$0.0576. It might drop to a minimum of $$0.0557, but it still might reach $$0.0661 throughout 2029.

Month Minimum Price Average Price Maximum Price
January 2029 $0.0393 $0.0408 $0.0498
February 2029 $0.0408 $0.0424 $0.0513
March 2029 $0.0423 $0.0439 $0.0528
April 2029 $0.0438 $0.0454 $0.0542
May 2029 $0.0453 $0.0469 $0.0557
June 2029 $0.0468 $0.0485 $0.0572
July 2029 $0.0482 $0.0500 $0.0587
August 2029 $0.0497 $0.0515 $0.0602
September 2029 $0.0512 $0.0530 $0.0617
October 2029 $0.0527 $0.0546 $0.0631
November 2029 $0.0542 $0.0561 $0.0646
December 2029 $0.0557 $0.0576 $0.0661

cat in a dogs world Price Prediction 2030

Every year, cryptocurrency experts prepare forecasts for the price of cat in a dogs world. It is estimated that MEW will be traded between $$0.0808 and $$0.0971 in 2030. Its average cost is expected at around $$0.0837 during the year.

Month Minimum Price Average Price Maximum Price
January 2030 $0.0578 $0.0598 $0.0687
February 2030 $0.0599 $0.0620 $0.0713
March 2030 $0.0620 $0.0641 $0.0739
April 2030 $0.0641 $0.0663 $0.0764
May 2030 $0.0662 $0.0685 $0.0790
June 2030 $0.0683 $0.0707 $0.0816
July 2030 $0.0703 $0.0728 $0.0842
August 2030 $0.0724 $0.0750 $0.0868
September 2030 $0.0745 $0.0772 $0.0894
October 2030 $0.0766 $0.0794 $0.0919
November 2030 $0.0787 $0.0815 $0.0945
December 2030 $0.0808 $0.0837 $0.0971

cat in a dogs world Price Prediction 2031

Cryptocurrency analysts are ready to announce their estimations of the cat in a dogs world’s price. The year 2031 will be determined by the maximum MEW price of $$0.1380. However, its rate might drop to around $$0.1171. So, the expected average trading price is $$0.1205.

Month Minimum Price Average Price Maximum Price
January 2031 $0.0838 $0.0868 $0.101
February 2031 $0.0869 $0.0898 $0.104
March 2031 $0.0899 $0.0929 $0.107
April 2031 $0.0929 $0.0960 $0.111
May 2031 $0.0959 $0.0990 $0.114
June 2031 $0.0990 $0.102 $0.118
July 2031 $0.102 $0.105 $0.121
August 2031 $0.105 $0.108 $0.124
September 2031 $0.108 $0.111 $0.128
October 2031 $0.111 $0.114 $0.131
November 2031 $0.114 $0.117 $0.135
December 2031 $0.117 $0.121 $0.138

cat in a dogs world Price Prediction 2032

After years of analysis of the cat in a dogs world price, crypto experts are ready to provide their MEW cost estimation for 2032. It will be traded for at least $$0.1690, with the possible maximum peaks at $$0.1992. Therefore, on average, you can expect the MEW price to be around $$0.1750 in 2032.

Month Minimum Price Average Price Maximum Price
January 2032 $0.121 $0.125 $0.143
February 2032 $0.126 $0.130 $0.148
March 2032 $0.130 $0.134 $0.153
April 2032 $0.134 $0.139 $0.158
May 2032 $0.139 $0.143 $0.164
June 2032 $0.143 $0.148 $0.169
July 2032 $0.147 $0.152 $0.174
August 2032 $0.152 $0.157 $0.179
September 2032 $0.156 $0.161 $0.184
October 2032 $0.160 $0.166 $0.189
November 2032 $0.165 $0.170 $0.194
December 2032 $0.169 $0.175 $0.199

cat in a dogs world Price Prediction 2033

Cryptocurrency analysts are ready to announce their estimations of the cat in a dogs world’s price. The year 2033 will be determined by the maximum MEW price of $$0.2996. However, its rate might drop to around $$0.2548. So, the expected average trading price is $$0.2618.

Month Minimum Price Average Price Maximum Price
January 2033 $0.176 $0.182 $0.208
February 2033 $0.183 $0.189 $0.216
March 2033 $0.190 $0.197 $0.224
April 2033 $0.198 $0.204 $0.233
May 2033 $0.205 $0.211 $0.241
June 2033 $0.212 $0.218 $0.249
July 2033 $0.219 $0.226 $0.258
August 2033 $0.226 $0.233 $0.266
September 2033 $0.233 $0.240 $0.275
October 2033 $0.241 $0.247 $0.283
November 2033 $0.248 $0.255 $0.291
December 2033 $0.255 $0.262 $0.300

cat in a dogs world Price Prediction 2040

According to the technical analysis of cat in a dogs world prices expected in 2040, the minimum cost of cat in a dogs world will be $$4.65. The maximum level that the MEW price can reach is $$5.55. The average trading price is expected around $$4.92.

Month Minimum Price Average Price Maximum Price
January 2040 $0.621 $0.650 $0.737
February 2040 $0.987 $1.04 $1.17
March 2040 $1.35 $1.43 $1.61
April 2040 $1.72 $1.81 $2.05
May 2040 $2.09 $2.20 $2.49
June 2040 $2.45 $2.59 $2.92
July 2040 $2.82 $2.98 $3.36
August 2040 $3.18 $3.37 $3.80
September 2040 $3.55 $3.76 $4.24
October 2040 $3.92 $4.14 $4.67
November 2040 $4.28 $4.53 $5.11
December 2040 $4.65 $4.92 $5.55

cat in a dogs world Price Prediction 2050

After the analysis of the prices of cat in a dogs world in previous years, it is assumed that in 2050, the minimum price of cat in a dogs world will be around $$6.64. The maximum expected MEW price may be around $$7.60. On average, the trading price might be $$6.97 in 2050.

Month Minimum Price Average Price Maximum Price
January 2050 $4.82 $5.09 $5.72
February 2050 $4.98 $5.26 $5.89
March 2050 $5.15 $5.43 $6.06
April 2050 $5.31 $5.60 $6.23
May 2050 $5.48 $5.77 $6.40
June 2050 $5.65 $5.95 $6.58
July 2050 $5.81 $6.12 $6.75
August 2050 $5.98 $6.29 $6.92
September 2050 $6.14 $6.46 $7.09
October 2050 $6.31 $6.63 $7.26
November 2050 $6.47 $6.80 $7.43
December 2050 $6.64 $6.97 $7.60

FAQ

cat in a dogs world price now 

As of now, cat in a dogs world (MEW) price is $0.01 with cat in a dogs world market capitalization of $700,887,796.71.

Is cat in a dogs world a good investment?

The forecast for cat in a dogs world price is quite positive. It is expected that MEW price might meet a bull trend in the nearest future. We kindly remind you to always do your own research before investing in any asset.

Can cat in a dogs world rise? 

It seems that the average price of cat in a dogs world might reach {AveragePrice2023} in the end of the year. In five-year plan perspective, the cryptocurrency could probably rise up to $0.02869713. Due to price fluctuations on the market, please always do your research before invest money in any project, network, asset, etc.

How much will cat in a dogs world be worth 2023?

MEW minimum and maximum prices might hit {MinimumPrice2023} and {MaximumPrice2023} accordingly.

How much will cat in a dogs world be worth 2025?

cat in a dogs world network is developing rapidly. MEW price forecast for 2025 is rather positive. The MEW average price is expected to reach minimum and maximum prices of $0.01409859 and $0.01719828 respectively.

How much will cat in a dogs world be worth 2030?

MEW is provided with suitable environment to reach new heights in terms of price. MEW price prediction is quite positive. Business analysts predict that MEW might reach the maximum price of $0.09709029 by 2030. Please take into account that none of the data provided above is neither fundamental analysis nor investment advice. None of the information provided is $0.08369163


Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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#cat #dogs #world #MEW #Price #Prediction

AMF Cautions French Investors on Unregulated Trading Platform BITGET

The Financial Markets Authority (AMF) has issued a warning
to savers in France regarding investment proposals by the digital asset trading
platform BITGET. The AMF emphasized the need for utmost vigilance, highlighting
that BITGET is not authorized to provide its services on digital assets within
France. As a consequence, the AMF is prepared to take legal action to block the
platform’s site.

AMF Targets Unregistered Digital Asset Platforms

Under the monetary and financial code, certain activities
related to digital assets, including custody services, purchase or sale of
digital assets, and operation of digital asset trading platforms, necessitate
mandatory registration as a digital asset service provider (PSAN). This
registration ensures compliance with regulations aimed at combating money
laundering and terrorism financing, as well as verifying the integrity and
competency of management and shareholders, thereby safeguarding the interests
of investors.

BITGET, however, has not obtained the required registration
as a PSAN and has been providing digital asset services in France without
authorization. Consequently, the platform has been on the AMF blacklist since
November 7, 2023, due to non-compliance with French regulations. The AMF, empowered by the monetary and financial code,
reserves the right to pursue legal action to block the site of BITGET and other
similar platforms operating illegally in France.

AMF Advises Precautions amidst BITGET Service Disruption Concerns

In light of these developments, the AMF advises French
savers who have invested through BITGET to take necessary precautions to
mitigate risks associated with a potential disruption in service provision.
Savers are urged to organize their affairs to prevent any potential loss of
access to their assets, be they digital assets or derivatives thereof.

The Financial Markets Authority (AMF) has issued a warning
to savers in France regarding investment proposals by the digital asset trading
platform BITGET. The AMF emphasized the need for utmost vigilance, highlighting
that BITGET is not authorized to provide its services on digital assets within
France. As a consequence, the AMF is prepared to take legal action to block the
platform’s site.

AMF Targets Unregistered Digital Asset Platforms

Under the monetary and financial code, certain activities
related to digital assets, including custody services, purchase or sale of
digital assets, and operation of digital asset trading platforms, necessitate
mandatory registration as a digital asset service provider (PSAN). This
registration ensures compliance with regulations aimed at combating money
laundering and terrorism financing, as well as verifying the integrity and
competency of management and shareholders, thereby safeguarding the interests
of investors.

BITGET, however, has not obtained the required registration
as a PSAN and has been providing digital asset services in France without
authorization. Consequently, the platform has been on the AMF blacklist since
November 7, 2023, due to non-compliance with French regulations. The AMF, empowered by the monetary and financial code,
reserves the right to pursue legal action to block the site of BITGET and other
similar platforms operating illegally in France.

AMF Advises Precautions amidst BITGET Service Disruption Concerns

In light of these developments, the AMF advises French
savers who have invested through BITGET to take necessary precautions to
mitigate risks associated with a potential disruption in service provision.
Savers are urged to organize their affairs to prevent any potential loss of
access to their assets, be they digital assets or derivatives thereof.



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#AMF #Cautions #French #Investors #Unregulated #Trading #Platform #BITGET

The Market’s Compass Crypto Sweet Sixteen Study

Welcome to this week’s publication of the Market’s Compass Crypto Sweet Sixteen Study #131. The Study tracks the technical condition of sixteen of the larger market cap cryptocurrencies. Every week the Studies will highlight the technical changes of the 16 cryptocurrencies that I track as well as highlights on noteworthy moves in individual Cryptocurrencies and Indexes. Both free and paid subscribers will receive this week’s unabridged Market’s Compass Crypto Sweet Sixteen Study sent to their registered e-mail. Happy Easter! Past publications can be accessed by paid subscribers via The Market’s Compass Substack Blog. Free subscribers should consider becoming a paid subscriber considering that the cost is a pittance at $10 a month or $100 a year for the full unabridged version.

The Excel spreadsheet below indicates the weekly change in the objective Technical Ranking (“TR”) of each individual Cryptocurrency. The technical ranking system is a quantitative approach that utilizes multiple technical considerations that include but are not limited to trend, momentum, measurements of accumulation/distribution and relative strength. The TR of each individual Cryptocurrency can range from 0 to 50. The primary take-away from this spread sheet should be the trend of the individual TRs, either the continued improvement or deterioration, as well as a change in direction. Secondarily, a very low ranking can signal an oversold condition and very high number can be viewed as overbought. Thirdly, the weekly TRs are a valuable relative strength/weakness indicator vs. each other, in addition when the Sweet Sixteen Total Technical Ranking (“SSTTR”), that has a range of 0 to 800  is near the bottom of its range and an individual cryptocurrency has a TR that remains elevated it speaks to relative strength and if the SSTTR is near the top of its recent range and an individual cryptocurrency has a TR that remains mired at low levels it speaks to relative weakness. Lastly, I view the objective Technical Rankings as a starting point in my analysis and not the entire “end game”.

*Rankings are calculated up to the week ending Friday March 29th

The SSTTR rose 7.43% to 614.5 last week from 572 for the week ending March 22nd which was a -8.77% drop in SSTTR from the week before that.

Twelve of the Sweet Sixteen Cryptocurrencies registered gains in their individual TRs, two fell, and two were unchanged. The average TR gain was +2.66 versus the previous week’s average TR loss of -3.44. Thirteen of the Sweet Sixteen ended the week in the “green zone” (TRs between 35 and 50) and three were in the “blue zone” (TRs between 15.5 and 34.5) and none were in the “red zone” (TRs between 0 and 15). The week before there were eight in the “green zone” and eight were in the “blue zone”.

*The CCi30 Index is a registered trademark and was created and is maintained by an independent team of mathematicians, quants and fund managers lead by Igor Rivin. It is is a rules-based index designed to objectively measure the overall growth, daily and long-term movement of the blockchain sector. It does so by indexing the 30 largest cryptocurrencies by market capitalization, excluding stable coins (more details can be found at CCi30.com).

The Relative Rotation Graph, commonly referred to as RRGs were developed in 2004-2005 by Julius de Kempenaer. These charts are a unique visualization tool for relative strength analysis. Chartists can use RRGs to analyze the relative strength trends of several securities against a common benchmark, (in this case the CCi30 Index) and against each other over any given time period (in the case below, daily since the end of the previous week). The power of RRG is its ability to plot relative performance on one graph and show true rotation. All RRGs charts use four quadrants to define the four phases of a relative trend. The Optuma RRG charts uses, From Leading (in green) to Weakening (in yellow) to Lagging (in pink) to Improving (in blue) and back to Leading (in green). True rotations can be seen as securities move from one quadrant to the other over time. This is only a brief explanation of how to interpret RRG charts. To learn more, see the post scripts and links at the end of this Blog.

Not all sixteen cryptocurrencies are plotted in this RRG Chart. I have done this for clarity purposes. Those of higher technical interest remain.

Both Avalanche (AVAX) and Solana (SOL) had begun to roll over in the Leading Quadrant the week before last and in doing so gave advance warning that AVAX and SOL were starting to lose Relative Strength Momentum. Both have followed through to the downside and late last week they fell into the Weaking Quadrant. Dogecoin (DOGE) has risen out of the Weakening Quadrant and going into the end of last week DOGE began to exhibit positive Relative Strength and Relative Strength Momentum vs. the CCi30 Index as it entered the Leading Quadrant. At the beginning of last week Tron (TRX) was rising in the Improving Quadrant but it has rolled over losing upside Relative Strength Momentum. Uniswap (UNI) has left the Lagging Quadrant behind and has just entered the Improving Quadrant.

*Friday March 22nd to Friday March 29th.

Fifteen of the Sweet Sixteen registered absolute gains last week with only Ethereum (ETH) losing ground. The seven-day average absolute gain was +13.19% reflecting the broad based rebound in the Cryptocurrency market with both Dogecoin (DOGE) and Litecoin (LTC) leading the pack higher. That was versus an average absolute loss of -9.22% the week before when all of the Sweet Sixteen lost ground.

There are eight Technical Condition Factors (“TCFs”) that determine individual TR scores (0-50). Each of these 8, ask objective technical questions (see the spreadsheet posted below). If a technical question is positive an additional point is added to the individual TR. Conversely if the technical question is negative, it receives a “0”. A few TCFs carry more weight than the others, such as the Weekly Trend Factor and the Weekly Momentum Factor in compiling each individual TR of each of the 16 Cryptocurrencies. Because of that, the excel sheet below calculates each factor’s weekly reading as a percent of the possible total. For example, there are 7 considerations (or questions) in the Daily Momentum Technical Condition Factor (“DMTCF”) of the 16 Cryptocurrencies ETFs (or 7 X 16) for a possible range of 0-112 if all 16 had fulfilled the DMTCF criteria the reading would be 112 or 100%. A DMTCF reading at 85% and above suggests a short-term overbought condition is developing and a reading of 15% and below suggests a short-term oversold condition.

At the end of last week, the DMTCF rose to 45.54% or 81 from the near over sold reading of 17.86% or 20 from the week before.

As a confirmation tool, if all eight TCFs improve on a week over week basis, more of the 16 Cryptocurrencies are improving internally on a technical basis, confirming a broader market move higher (think of an advance/decline calculation). Conversely, if more of the TCFs fall on a week over week basis, more of the “Cryptos” are deteriorating on a technical basis confirming the broader market move lower. Last week five TCFs rose, two fell, and one was unchanged.

The Sweet Sixteen Total Technical Ranking (“SSTTR”) Indicator is a total of all 16 Cryptocurrency rankings and can be looked at as a confirmation/divergence indicator as well as an overbought / oversold indicator. As a confirmation/divergence tool: If the broader market as measured by the CCi30 Index continues to rally without a commensurate move or higher move in the SSTTR the continued rally in the CCi30 Index becomes increasingly in jeopardy. Conversely, if the CCi30 Index continues to print lower lows and there is little change or a building improvement in the SSTTR a positive divergence is registered. This is, in a fashion, is like a traditional A/D Line. As an overbought/oversold indicator: The closer the SSTTR gets to the 800 level (all 16 Cryptocurrencies having a TR of 50) “things can’t get much better technically” and a growing number individual Crypto’s have become “stretched” there is more of a chance of a pullback in the CCi30. On the flip side the closer to an extreme low “things can’t get much worse technically” and a growing number of Crypto’s are “washed out technically” and an oversold rally or measurable low is closer to being in place. The 13-week exponential moving average in Red smooths the volatile SSTTR readings and analytically is a better indicator of trend.

Last week the CCi30 Index took another stab at resistance at the Upper Warning Line 2 (violet UWL2) of the Standard Pitchfork (violet P1 through P3). Last week’s Candle, although not a “perfect” Engulfing Candlestick pattern it nonetheless speaks to a strong reversal of the previous week’s price action. MACD remains above it signal line and it has begun to re-accelerate higher reflecting the resurgence of upside price momentum. The Sweet Sixteen Total Technical Ranking (SSTTR) has bounced from support at the 13-Week Exponential Moving Average and although it is elevated in its range, I think it would premature to declare it a warning signal.

*The Average Sweet Sixteen Technical Ranking (“ASSTR”) is the average of the individual TRs of the sixteen cryptocurrencies we track at the end of each week.

I had applied a shorter-term Standard Pitchfork (red P1 through P3) to the Weekly Chart above when the index rallied above the January highs. The Upper Warning Line (red UWL) of the Standard Pitchfork capped the rally on a closing basis three weeks ago. At that time the Average Sweet Sixteen Technical Ranking (“ASSTR”) had reached an extreme, signaling a potential overbought condition, giving fair warning that a price pullback would unfold and that’s what happened the week before last. That said, the CCi30 Index held support above the Upper Parallel (solid red line) on a closing basis. It may be that the index has “more work to do” consolidated the gains from the price pivot low at P3 but last week’s price action can only be considered positive.

I applied the Schiff Modified Pitchfork (gold P1 through P3) to the Daily Cloud Chart of the CCi30 Index after the price pivot higher a week ago last Wednesday at (P3). After a brief pullback, the rally followed through and last Monday the index overtook the Median Line (dotted gold line) and on a closing basis the index held above for the remainder of the week. The “early mover” Fisher Transform a week ago and now MACD is one good day from doing the same. In the days ahead I expect the CCi30 Index to challenge resistance at the Upper Parallel (solid gold line) of the Pitchfork.

*The Sweet Sixteen Index is an Index that is comprised of the sixteen larger cap Crypto Currencies we track in the Blog.

At the very start of March, the Sweet Sixteen Index broke out above the Upper Parallel (solid violet line) of the Schiff Modified Pitchfork (violet P1 through P3). After extending its gains MACD signaled an overbought condition and an Elliott Wave three wave pullback unfolded. My Sweet Sixteen Daily Momentum/Breadth Index (bottom panel) signaled an oversold condition and the index held support offered by the Upper Parallel of the Schiff Modified Pitchfork and prices have started to move higher again. I have added a second shorter term Standard Pitchfork (gold P1 through P3) and the index is tracking higher in the confines of the Lower Parallel (solid gold line and the Median Line (gold dotted line) of that shorter term Pitchfork. I suspect that higher prices are in the cards with the caveat that the 13 level holds as support.

The charts are courtesy of Optuma whose charting software enables anyone to visualize any data including my Objective Technical Rankings. Cryptocurrency price data is courtesy of Kraken.

The following links are an introduction and an in-depth tutorial on RRG Charts…

https://www.optuma.com/videos/introduction-to-rrg/

https://www.optuma.com/videos/optuma-webinar-2-rrgs/

To receive a 30-day trial of Optuma charting software go to…

www.optuma.com/TMC.

A three part tutorial on Median Line Analysis AKA Andrews Pitchfork is available at my website…

www.themarketscompass.com

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SEC Issues Advisories vs Unlicensed Investment Schemes | BitPinas

The Securities and Exchange Commission (SEC) has issued a new series of warnings targeting unlicensed entities. The Commission emphasized that the operations of these firms resemble Ponzi schemes. It also pointed out that one entity is offering investments in cryptocurrency.

SEC February Advisories

DIGIVAULT TRADING

According to the SEC, Digivault Trading, allegedly represented by a certain Zyrille Abad, is illegally soliciting investments from the public.

The Commission highlighted that its online postings indicate that it offers six Digivault Package Plans, ranging from ₱50 to ₱500,000, with promised returns ranging from 15% to 357% after various timeframes. 

Package Investment Amount (PHP) Returns (%) Return Duration (Days)
PEARL 50 15% 5
AMETHYS 500 26% 10
SAPPHIRE 5,000 55% 15
EMERALD 50,000 85% 30
RUBY 100,000 180% 55
DIAMOND 500,000 357% 75

Additionally, investors may earn direct referral bonuses of 5% to 25% depending on the plan chosen. 

PLOTOUS

The Commission pointed out the connection between Ploutos and individuals associated with Reveal Marketing, which has previously been cautioned by the SEC. The advisory noted that the firm, represented by Willyn Morla and Lady Lyn Sinfuego, portrays itself as an investment management firm on social media, introducing a “shareholder’s program” reminiscent of Reveal’s setup.

Ploutos offers two share options: the Starter Plan, promising a 40% return in 10 days with a minimum investment of ₱1,000, and the Advanced Plan, ensuring a 100% return in 20 days with the same minimum investment.

Moreover, the Commission also mentioned that Ploutos operates a registration page directing the public to deposit funds into various bank accounts owned by Lady Lyn Sinfuego. 

ALTSTRADE

The SEC stated that it has received reports that individuals associated with Altstrade, led by CEO Junel Zamora, are enticing the public to invest in the entity, promising substantial returns. 

Altstrade offers investments starting from ₱1,000.00, with potential profits ranging from 30% to 500% within a lock-in period of 7 days to 2 months. Additionally, investors can earn a 10% direct referral commission and a 1% indirect referral commission from the 2nd to the 10th level.

Investment Amount Expected Return Lock-in Period Referral Commission
₱1,000 P1,300 (30% Profit) 7 days 10% Direct, 1% Indirect (2nd – 10th level)
₱1,000 P1,800 (80% Profit) 15 days 10% Direct, 1% Indirect (2nd – 10th level)
₱1,000 P3,000 (200% Profit) 30 days 10% Direct, 1% Indirect (2nd – 10th level)
₱1,000 P6,000 (500% Profit) 2 months 10% Direct, 1% Indirect (2nd – 10th level)

TIME TO TRADE

As per the advisory, Time To Trade/Time To Trade Philippines is under the leadership of CEO Karissa Alviar. The SEC emphasized that based on information received, the entity is enticing the public to invest.

According to the Commission, the organization offers investment opportunities beginning at ₱500 per account, enticing with potential profits varying from 35% to 125% within 10, 15, or 30 days. Moreover, investors can also receive a 10% direct referral bonus for encouraging others to invest in Time To Trade.

MARSY LUXURY STAYCATION REALTY

The advisory revealed that while Marsy Luxury Staycation is actively seeking investments from the public, it is not registered as a corporation or partnership with the Commission, according to the database. 

According to the SEC, the organization offers accommodations with amenities through online booking platforms for a unit located in San Juan, Metro Manila. Additionally, it is promoting investment opportunities with a minimum capital requirement of ₱50,000, guaranteeing investors a stable monthly income of 5% during lock-in periods of either six or twelve months.

Consequently, the SEC emphasized that despite being a registered business name under Rachel Marsy Avelino Diego, Marsy Luxury Staycations Realty / Marsy Luxury Stayscation lacks the necessary registration or license to solicit investments.

VIRTO/VIRTUAL CRYPTO TRADING VENTURE

According to reports gathered by the Commission, Virto/Virtual Crypto Trading Venture, led by Michaela Francesca Togonon, is soliciting investments from the public without a license. 

Additionally, the entity is said to provide services related to asset trading, investment advisory, marketing strategy, and business analysis. Currently, aside from the Virtual Asset Service Provider (VASP) license from the Bangko Sentral ng Pilipinas (BSP) there are still no other regulations on entities providing digital asset services. 

Read: Interview: SEC to Launch Digital Asset Security Service Provider Rules by Q1 2024

Virto/Virtual Crypto Trading Venture offers three investment packages: Trial, Mid, and Pro Plans, ranging from ₱500 to ₱500,000. Investors can earn referral bonuses of 15% from 1st-level referrals’ activations and 1% from 2nd to 10th-level subscriptions.

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In addition, the SEC noted that the entity additionally runs a website, enabling members to register and track package maturity and Referral Commission Bonus at www.virto2k24.com or https://app.virto2k24.com.

JVP TRADING EXPERT INVESTMENT

AS per the Commission, the advisory was issued based on reports and findings indicating that a group led by Jumar Velasquez Puzon, known as Puzon Jumar on Facebook, is encouraging public investment through social media platforms in JVP Trading Expert Investment. 

The SEC noted that the entity claims involvement in poultry farming and asserts earnings from various fund sources: 60% from Poultry Farm, 10% from Lending, 10% from Paying based, and 20% from Backup Funds. 

In addition, JVP Trading Expert Investment is enticing the public to invest with a minimum amount of ₱100, with potential earnings through three different schemes: COMPLAN J, offering 100% monthly profit with daily payouts totaling 100% per month; COMPLAN V, providing 200% monthly profit with payouts every five days totaling 200% per month; and COMPLAN P, ensuring 300% monthly gain with payouts after one month totaling 300% return on investment.

SEC Reminder

The Commission stressed that the schemes employed by these entities exhibits characteristics of a potential “Ponzi Scheme,” where funds from new investors are used to pay fabricated profits to earlier investors, primarily benefiting top recruiters and initial risk takers while potentially harming subsequent members in case of a shortage of new investments. 

The SEC emphasized that offering and selling securities through such fraudulent schemes is not eligible for registration, and the Commission will not issue a License to Sell Securities to entities engaged in this business or scheme. 

Moreover, the Financial Products and Services Consumer Protection Act prohibits investment fraud, including Ponzi schemes and other deceptive investment solicitations. 

Therefore, the public is advised to refrain from investing in or continuing to invest in the investment schemes offered by these entities and their representatives. 

Individuals involved in promoting or soliciting investments in these schemes may face criminal liability under relevant laws, including fines of up to Five Million Pesos (₱5,000,000.00) or imprisonment of up to 21 years. Additionally, the names of all those involved will be reported to the Bureau of Internal Revenue for appropriate action.

Recent SEC Investor Alerts

This article is published on BitPinas: [Investor Alert] SEC Advisories Against Seven Investing Schemes

Disclaimer:

  • Before investing in any cryptocurrency, it is essential that you carry out your own due diligence and seek appropriate professional advice about your specific position before making any financial decisions.
  • BitPinas provides content for informational purposes only and does not constitute investment advice. Your actions are solely your own responsibility. This website is not responsible for any losses you may incur, nor will it claim attribution for your gains.

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Everything You Need to Know When Using a Digital Currency Exchange

The crypto market is currently in another bull cycle. Bitcoin recently hit an all-time high price of $73,800. There are also hundreds of meme coins booming and busting in quick succession.

The crypto market is currently in another bull cycle. Bitcoin recently hit an all-time high price of $73,800. There are also hundreds of meme coins booming and busting in quick succession. Of course, you very likely already know this. And this is a testament to how much cryptocurrencies have permeated society and changed how we perceive and manage financial assets.

Much of this has been made possible by digital currency exchanges that provide platforms for billions of people worldwide to trade and invest in cryptocurrencies—at transaction speeds that even the traditional financial system is still only catching up to. Here’s an example of such an exchange: https://www.independentreserve.com/au.

 

However, as it is with any financial venture, these exchanges come with a unique set of risks and challenges. For anyone looking to navigate the crypto market, and hopefully participate in the bull season, it is crucial to understand these intricacies.

Why are Digital Currency Exchanges Necessary?

Crypto exchanges act as intermediaries and facilitate the trade of digital assets like Bitcoin and other cryptocurrencies. They provide a structured marketplace that is usually intuitive enough to be navigated by both seasoned traders and newcomers alike.

 

Additionally, these also typically offer analytical tools, and real-time market data and sometimes even help provide educational resources to assist users in making informed decisions in trading their cryptocurrencies.

What Are These Risks And Challenges?

However, the purpose of this article is to get into the risks and challenges that are associated with these exchanges. So, let us get into them:

Volatility risk is not exactly directly tied to crypto exchanges. However, it bears mentioning, as these exchanges are the main arenas where crypto transactions take place. These fluctuations typically occur in mere seconds, leading to either high gains or heavy losses. This volatility is usually caused by a variety of factors including announcements from regulatory bodies or government leaders or random shifts in market sentiments.

 

As an investor, you need to learn how to navigate these turbulent waters with the care of an expert captain; developing a system that allows you to make quick movements in your portfolio, in adapting to market changes. Essentially, the markets are unpredictable, so you have to keep your ear to the ground. To do this, you need to switch on news alerts for the keywords that are often included in the news headlines that typically move the markets. 

 

Many crypto exchanges come with features like this that alert you to market-moving events; so it may be wise to consider that as a factor in selecting which exchange to use. However, you also need to develop your independent systems for monitoring these trends.

Another area with a lot of risks is the legal and regulatory aspects of things. The crypto market is relatively new, and hence the legal frameworks are largely nascent and evolving or even non-existent. From countries like el-Salvador where crypto adoption is encouraged by the government to countries like China, where it is permanently banned; regulatory attitudes vary widely. And sometimes, even within the same country, attitudes can shift, depending on internal political cycles.

 

This inconsistency can make compliance a complex affair. For example, in Nigeria, Binance suddenly got banned by the government, even after several government figures had indicated an interest in encouraging the growth of crypto in the country. This inconsistency also introduces a layer of uncertainty that can influence market behavior and price movement.

 

So, as an investor, it is quite important that you also keep an eye out for regulatory changes in the jurisdiction that you operate in. But, it is even more imperative that you find measures to insulate yourself and your assets from the reach of the regulatory agencies in your country.

As it is with anything else in this digital era, the threat of security breaches looms large over crypto exchanges. While most exchanges typically have an array of innovative protective measures, hackers and their tactics are also always evolving and getting more sophisticated.

 

Unfortunately, the consequences of one successful breach are usually enough to cause significant damage to both exchanges and individual investors; and make insignificant the efforts of the security systems in place in stopping a thousand earlier threats.

 

Anyway, it is important for you as an investor to research the security measures employed by the various exchanges before choosing one. We have said that security threats are ever-evolving, but it is still always best to be on the side that is always on top of its game when it comes to security. You want to look out for encryption protocols, cold storage solutions, and rigorous security audits.

 

However, the role of personal vigilance cannot be overemphasized. While it is great to trade with an exchange with cutting-edge security measures, you can also personally deploy strategies like using complex, unique passwords and employing two-factor authentication.

This is particularly important if you’re one of those who like to take advantage of meme coins that can see growths in thousands of percentages. Whether your coin gains 180% or 18,000%, it only matters if there are enough other traders in the market who are willing to buy it from you in exchange for other crypto coins or fiat. That is what liquidity is — your avenue to exit and take profit from a trade.

 

Exchanges that have low liquidity may expose you to the risk of slippage, which is when the final executed price of a trade diverges significantly from the expected price at the time the order was placed. These discrepancies can erode trading margins, and impact your profitability. So, you need to opt for exchanges that are known for substantial trading volumes to mitigate against possible liquidity problems.

Why you need Diversification to Mitigate Risks

There are many strategies that you can employ to mitigate risks, but like anyone will tell you, your top option is to diversify your holdings. Diversification can take varying forms. It can mean holding a varied range of cryptocurrencies across the industry—rather than focusing on only one token, as a way to shield yourself from the extreme volatility of the markets. It can also mean holding your assets in a variety of wallets and other storage options, to protect them from cyber-attacks.

 

Either way, diversification enables the spreading of potential risks, ensuring that the impact of one negative event does not necessarily wipe out your portfolio.

Conclusion

The global crypto markets are very volatile and can be fraught with a lot of security threats and other dangerous problems. However, it has also emerged as the greatest financial invention of the current century; as it has made more millionaires than any system before it.

 

However, it is always important for you as an investor to keep an eye on the market, and to arm yourself with the knowledge of various strategies to protect yourself from the pitfalls that abound in the ecosystem.

 

Do your own research, thoroughly, remain adaptable, and practice enhanced cybersecurity measures.

Image source: Shutterstock

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