updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131hustle domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131wpforms-lite domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131With the fourth Bitcoin Halving just around the corner, Lady of Crypto, a market analyst and trader, has weighed in on claims concerning this bull cycle.
The crypto analyst shared her insights after analyzing the recent market decline and the impending Bitcoin halving this month. According to the expert, there have been speculations that since BTC broke its all-time high early, the cryptocurrency can continue seeing fresh gains.
Lady of Crypto has disregarded the claims that this bull cycle will begin early, saying she believed the community was “lied to and suggesting widespread misinformation” and dismissing the current gains as the signs of a widespread bull run.
As The Halving approaches, the analyst noted that Bitcoin and Altcoins are severely down, but this is not the time to panic. Drawing attention to the 2016 and 2020 pre-halving dips, she highlights that BTC plummeted by 30% and 20% shortly before the event.
Meanwhile, during this pre-halving period, BTC has dropped by over 17%, with altcoins falling by 29%. Although the current decline was severe, Lady of Crypto notes that it is in the range of a typical pre-halving dip and a black swan event.
She compares the COVID meltdown, in which BTC fell by 58% and altcoins by 68%, suggesting that the current decline pales in significance.
Lady of Crypto clarified that Bitcoin Spot Exchange-Traded Funds (ETFs) have been a major factor in BTC breaking its peak early, highlighting that the masses have not yet arrived.
The expert then points to social media presence, revealing that the masses are returning to the crypto market. “YouTube views and subscribers show interest in returning gradually, in line with this time last cycle, as do new Twitter followers,” she added.
Except for BTC’s early all-time high break, Lady of Crypto believes this bull run is unfolding similarly to the last two, albeit with more volatility. However, the volatility suggests this will be the biggest bull market ever.
She advises underexposed investors that the dips are the best chance to purchase BTC during a bull run. Meanwhile, if an investor is overexposed, holding the crypto asset has historically been the best course of action, drawing attention to 2020 and 2021 dips.
Addressing fear and panic among investors, Lady of Crypto cautioned that multiple situations might trigger a panic sell during every bull run. Even though these events appear terrible, like the bull run coming to an end, they are just sideshows.
Featured image from Istock, chart from Tradingview.com
Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
The FDIC and Fed are looking for ways the US government can guarantee all bank deposits amounting to $17 trillion should the financial turmoil worsen.
The US government is considering ways to guarantee bank deposits if the current banking crisis worsens. According to reports, the Federal Deposit Insurance Corporation (FDIC) and Federal Reserve are exploring a potential guarantee of all US bank deposits. Officials from both parastatals embarked on this scheme on advice from a banking coalition that deemed it necessary to avert a financial crisis.
This development could also mean that the FDIC and Federal Reserve seek to guarantee the mammoth sum of $17 trillion in deposits. Both independent government agencies maintain that taxpayers should not pay for the ongoing banking crisis. However, the feasibility of the proposed bank deposit guarantee plan remains to be proven.
Treasury Department officials are reviewing federal regulators’ emergency authority to temporarily insure deposits higher than the current cap. This limitation is set at $250K and applies to most accounts. As it stands, the only way federal regulators can ensure deposits greater than $250,000 is with formal consent from an extremely divided legislature.
According to inside sources, authorities do not yet deem the move necessary. The reason is that regulators moved to assist banks in keeping up with withdrawal demands earlier this month. The ongoing agenda to guarantee bank deposits is a contingency measure should things spiral out of control.
White House spokesman Michael Kikukawa recently touched on the development. Without confirming or denying reports that a fiscal study is underway, Kikukawa explained:
“We will use the tools we have to support community banks. Since our administration and the regulators took decisive action last weekend, we have seen deposits stabilize at regional banks throughout the country and, in some cases, outflows have modestly reversed.”
However, government concern still abounds amid the call by midsize banks for more substantive intervention following the collapse of three banks. This month alone, Silicon Valley Bank (SVB) and Signature Bank declared bankruptcy after uninsured depositors withdrew their funds. In addition, a fourth bank, First Republic Bank, is struggling to stay afloat. First Republic’s shares tumbled 47% on Monday, underscoring a March stock drawdown above 90%.
However, as the embattled bank teeters on the brink, several big banks seek to redeem First republic. A coalition of banking giants led by JPMorgan (NYSE: JPM) has pledged $30 billion to prop up the San Francisco-based bank. In addition, this banking group is also devising a sustainable plan to ensure that First Republic remains solvent and operational. The JP Morgan-led banking coalition provided some insight into its rationale in a statement that read:
“This action by America’s largest banks reflects their confidence in First Republic and in banks of all sizes, and it demonstrates their overall commitment to helping banks serve their customers and communities.”
Elsewhere, analysts believe that the banking crisis could trigger a suspension of rate hikes by the Federal Reserve.
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The transaction took place on Russia’s national blockchain network aka the Masterchain blockchain platform.
In the latest development, Russia-based Moscow Credit Bank issued a blockchain-based bank guarantee in Chinese yuan. This is the first-of-its-kind product in the country with a bank guarantee exceeding 100 million Chinese yuan – or nearly $144,600 as per the conversion rate.
As per the statement from the Moscow Credit Bank, the transaction with Chinese yuan took place on Russia’s national blockchain network aka the Masterchain blockchain platform. This Russian blockchain network helps in transferring digital assets between participants.
As per the financial institution, one advantage of conducting the transaction on-chain was that “the beneficiary does not need to wait for the paper version and make a separate request to the bank to confirm the authenticity of the issued document.”
A bank guarantee serves as a financial safeguard offered by a lending institution. Also, under a contractual agreement, a bank undertakes financial responsibility for a specific transaction in the case of a customer failing to fulfill his/her obligations. Bank guarantees are quite popular in international transactions to ensure payment settlements and delivery of goods as per the agreement.
A readymade bank guarantee appears on the Masterchain blockchain platform agreed upon by three parties. The Moscow Credit Bank stated that users cannot fake it. Also, the bank guarantee is currently in Chinese Yuan since the importers’ contracts are all pegged to the Chinese currency.
If any payment happens under this guarantee, the beneficiary shall receive Russian rubles at the exchange rate agreed upon by the involved parties. Speaking on the development, Natalia Bahova, Director of the International and Structured Finance Department of the MCB said:
“This is the first digital bank guarantee in the market, which was issued in yuan, through the Masterchain system. Most foreign trade contracts are serviced in Chinese currency, and the demand for payments in yuan is only growing. This is a logical step for the market, we will see more examples of this in the near future. The solution will be especially relevant for large groups of companies that have many subsidiaries that accept bank guarantees in large quantities and on a regular basis”.
In order to overcome the West sanctions, Russia is building strong relations with partners like China and Iran. It’s also looking at ways to leverage blockchain technology in order to reduce the impact of sanctions. Furthermore, Russia and Iran are also working on a gold-backed stablecoin.
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
Opportunities are limitless for those who know where to look in the crypto landscape. Despite the ongoing market meltdown, some investors are still getting opportunities and making the most of promising market trends. However, it is also relatively easy to get caught up in the price volatility that comes with the market. And for every investment made, a great deal of research should have come before. Here are five tokens that experts believe have a positive price trajectory in 2023.
Tron is a blockchain of choice for market participants looking to invest in a scalable and secure blockchain system. It is a system that offers varying functions to market participants, from token asset issuing and dApps to DeFi features like staking. The blockchain is a leading DeFi network as it operates decentralised, making it more secure than many other blockchain networks. The Tron network thrives on its high performance, cheap cost, and safety. It hopes to draw a sizable community of developers to participate in the creation, implementation, and operation of dApps on the blockchain.
The cryptocurrency community is known to always thrive on new developments and innovations, and such occurrences always positively affect price trajectory and movement in the market. The Ton Coin (TON) is one cryptocurrency that has demonstrated the practicality of this in the past week following the announcement made by the Telegram network. Ton Coin saw significant price increases following the news of the token being used to purchase anonymous numbers on Telegram. The cryptocurrency has made much buzz in the market and could be a worthwhile investment in the coming year.
Apecoin (APE) is a cryptocurrency created to make transactions and vote on consensus in the Ape community. The token launched in Q1 of 2022, and it saw some impressive gains at the time of launch. Although the current market has dragged down the price of most cryptocurrencies, this has affected the price of Apecoin. The token, however, still displays some impressive progress in prices from the time of launch till this moment. Apecoin will also be an important addition to the network’s metaverse launching soon.
Shiba Inu (SHIB) is the second biggest meme coin and the first to give more relevance to meme coins in crypto. Shiba Inu is a dog meme that offers its decentralised exchange system and other exciting utilities for its community. The token also looks to launch its metaverse soon, adding to its already existing list of functions for its community. The network claimed that the metaverse would involve a range of additions that would promote interactions in the community. Additionally, it will be another opportunity for users to make more money.
Big Eyes Coin (BIG) is a meme coin looking to perform as excellently as Shiba. It is a cat-themed meme coin to launch on the Ethereum blockchain and provide the best DeFi utilities for its community. The big eyes coin is a charitable token that aims to give back to the world. It plans to give 10% of its profits to preserve marine life. And other charity initiatives, such as reforestation.
Big Eyes Coin will break into the DeFi and NFT platforms, and it also looks to initiate gaming and metaverse plans in its agenda. Big Eyes Coin could be the next biggest meme coin to launch in the meme coin meta, and now could be the time to join and become a part of this success. When purchasing via the button below, use exclusive code BIGsave095 for BIG extra bonuses and discounts!
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WARNING: The investment in crypto assets is not regulated, it may not be suitable for retail investors and the total amount invested could be lost
AVISO IMPORTANTE: La inversión en criptoactivos no está regulada, puede no ser adecuada para inversores minoristas y perderse la totalidad del importe invertido
If you were a fervent follower of the market in 2021, then you would absolutely agree that the incredible rise of Shiba Inu [SHIB] was one of the most unforgettable highlights.
The memecoin, which hardly got any attention before then, made an impressive sprint that almost ran into a 5,000,000% value increase. However, the antics shown by the same token in 2022 were barely any close to the year discussed before. In fact, it was the complete opposite.
Read Shiba Inu’s [SHIB] Price Prediction 2023-2024
Regardless of SHIB’s condition, the holders have remained true to it. According to IntoTheBlock, 54% of the holders in the last year still owned cryptocurrency.
This fraction was surprisingly spectacular, with only a few top cryptos like Bitcoin [BTC] and Ethereum [ETH] beating it. Additionally, only 18% of the total holders were still in profit.
Source: IntoTheBlock
So, what has propelled long-term holders to remain at such an apex?
One aspect that Shiba Inu has thrived in is its use case for payments. For a while, several businesses have adopted the meme coin as a means of settlement and remittance. Just in October, Google Cloud opened its doors to the meme for the same reason. In turn, you would expect that there should be an increase in Shiba Inu users.
In other quarters, ETH whales have ensured that SHIB remained at the top of their holdings. Even though these whales had sold off some holdings, they still held a massive amount. At press time, WhaleStats reported that SHIB holdings by these investors were up to $68 million.
The top 5000 #ETH whales are hodling
$68,094,707 $SHIB
$41,065,783 $UNI
$35,631,148 $BEST
$34,133,612 $BIT
$33,377,324 $LOCUS
$32,732,502 #UnknownToken
$29,965,328 $MOC
$29,276,720 $LINKWhale leaderboard
https://t.co/kOhHps8XBB pic.twitter.com/coHedRMdEj
— WhaleStats (tracking crypto whales) (@WhaleStats) November 28, 2022
This activity implied that Ethereum whales seemed to be bullish on the cryptocurrency in the long term. Besides this interest, Shiba Inu expanded its wings by “creating lands” in the metaverse.
At the time of this writing, Shib The Metaverse had created more than three separate concepts for the project. This same involvement in virtual reality earned it an invite to the World Economic Forum (WEF).
Despite a meager 0.97 correlation with BTC, SHIB employed its token burn as a strategy to keep the ecosystem alive. This plan of action enabled holders of the token to exclude some tokens from circulation while earning passive income.
At press time, Shibburn showed that the burn rate had increased by 4497% in the last 24 hours. This implied that the SHIB community held the burn activity in high regard.
Source: Shibburn
Although the burn rate was a bid to reduce supply and increase its value, the latter had rarely happened as SHIB exchanged hands at $0.000009 according to Santiment.
This value represented a 1.36% decrease in the last 24 hours. However, the volume surged 83.96% to $236.51 million. This increase implied that many transactions had passed through the Shiba Inu network within the said period regardless of the profit or loss incurred.
On the downside, SHIB’s network growth had fallen to 1999 at the time of writing. As of 13 November, the network growth was as high as 9409. This current state inferred that there were fewer new addresses joining the Shiba Inu ship. With all of this happening, SHIB might not remain deeply affected by the bear market.
However, ruling the token out of active participation in the next bull season might be a costly mistake, considering the increased involvement with the ecosystem. Nevertheless, there was no guarantee of a 2021 repetition.
Source: Santiment