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Injective (INJ) and Thorchain (RUNE) Face Challenge by Emerging Layer 1 Chain

By
TI Partners
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0

Last week’s market correction has pushed coins like Injective (INJ) and Thorchain (RUNE) to a new 6-month low. In the last seven days, Injective (INJ) is down 41.4%, while Thorchain (RUNE) is down 44%. This downtrend has pushed investors and traders to new potentials, which can give substantial returns and cover the losses.

One emerging layer 1 chain, DTX Exchange, is seeing a huge inflow amid the market correction. DTX Exchange has already crossed the $1 million mark and is seeing continuous inflow increasing every week.

Third Lower Low In Injective (INJ), Will It Reverse From Here?

In the last 24 hours, Injective (INJ) has been down around 18%, and in one month, the price has been down over 20%. Despite the correction, Injective (INJ) has secured a spot among the top 44 cryptocurrencies by market cap. With a market cap of $1.44 billion, it has 97.1 million Injective (INJ) tokens in circulation out of a total supply of 100 million INJ tokens.

The current down leg is the third lower low from the start, and this could end the bear trend in Injective (INJ). It is currently trading above the major support level of $14, which will act as a strong support for the coin. The major resistance level for Injective (INJ) is around the $20 level.

Major Support Broken In Thorchain (RUNE)

Thorchain (RUNE) has broken its major support level of $3.30 in this correction and is currently trading at $2.77. Thorchain (RUNE) is trading below all short-term moving averages of 20 days and 50 days, and it is also trading below the long-term moving average of 200 days. This shows the bear’s strength in the Thorchain (RUNE).

If we look at Thorchain (RUNE) price action, a big head-and-shoulder pattern has broken down, which is a bearish pattern. Thorchain (RUNE) has 6 continuous red bars, which can continue further if the market stays bearish.

DTX Exchange Improving Quality In Trading And Investing

With Shiba Inu Injective (INJ) and Thorchain (RUNE) in a downtrend, investors are quickly turning their attention to DTX Exchange (DTX). DTX has already raised over $2 million in private seed funding and more than $1,000,000 in a public presale in less than a month.

DTX stands out by offering advanced trading features that provide unmatched opportunities. It will be the first major exchange to offer 1000X leverage without the need for KYC procedures, which often hassle traders and investors.

To enhance liquidity and reduce slippage, DTX Exchange uses distributed liquidity pools. This approach, along with non-custodial wallets, lowers the risk of losing funds in a security breach.

The platform focuses on its community by offering low trading fees and enabling traders to optimize their investments. Community members also get governance and voting rights and might benefit from potential airdrops. With the current price at just $0.04 in the second stage, now might be an excellent time for investors to join the DTX presale.

Learn more:

Visit DTX Presale

Read Whitepaper

Join The DTX Community

Does job title matter and should it play a role as I negotiate an offer?

By
Ndubuisi Ekekwe
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1

A question from a Learner in Tekedia Mini-MBA: Does job title matter and should it play a role as I negotiate an offer?

My Response: Job title does matter because it provides a validation that at least you were ahead of any job below that title. However, the real issue is not the title, but the company giving the title. 

A ten-person boring engineering company can make you a Director of Engineering when a big multinational firm will give you Engineer II. It will take wisdom to understand that the Engineer II is possibly a better job due to the wage, career development opportunity, it may command.

My last job title while in banking was “Banking Executive” even though it was largely a low level management track position. But no matter how you see it, Ndubuisi was a banking executive! So, you are going to see titles being inflated by companies to achieve many strategic benefits. Practically, you could consider this as you make your decision:

When I began, my focus was actually higher pay and not title because I needed money, not title, to accelerate my professional development. If I am starting today as a fresh graduate, I will choose a clerical job that would pay me N500k over an engineering job that would pay me N70k, but I will design my plan to exit that clerical job within 3 years, using the resources it has provided to elevate my engineering skills (say MSc in engineering) and return to engineering at a higher level.

So, instead of being stuck at the base with no means to be developed and upskilled on a low wage, minimal development job, I am open to accepting an interesting title if that will provide resources.

But over time, certainly the title matters. Title connotes power, and it goes beyond financial earnings. As you grow in your career, the title becomes MONEY. Conference and event organizers look for the title you hold to extend invitations. 

Everything you do is around that title and that is also where people become the titles they hold, to the extent that when they lose those jobs, they could get into personal mental crises because theCFO, CTO, etc, title is the “life”, and the business card is the most important asset they posses.

In summary, early, the focus could be the wage, development, etc, and opportunity, but over time, one could become fixated on titles. Good luck.

Analysts Believe Pullix Will Become The Next 100x Token In 2024 As Platform Undergoes Finishing Touches, Will BNB Be Able To Keep Up?

By
TI Partners
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1

Binance Coin (BNB) has dropped over 13% in the past two weeks and at this rate has the potential to keep moving lower, it will need buyers to step in soon to initiate a rally but are buyers looking elsewhere? While BNB faces a major barrier, analysts believe that Pullix can become the next crypto to climb in value by 100x in 2024, as the platform undergoes its finishing touches. Today, we will analyze both of these altcoins, and by the end will determine which one can rise the most in 2024.

Binance Coin Price Down 13% but Can Still End 2024 at a New ATH of $790.20

Binance Coin (BNB) has dropped in value by 13% in the past two weeks. Moreover, during the past week alone, the Binance Coin crypto decreased from $573.03.54 to $523.07, and by breaking below $525, it is now possibly poised to see even more downside. If the Binance Coin price USD manages to now fall below the $500 price range, it could get really ugly for the 5th largest crypto.

BNB had been experiencing a major upswing, as on July 24, 2024, the market cap reached $83,852,755,334, while last year, it was at $33,323,655,435 on August 1. It’s clear that it has risen significantly, but it seems impending difficulty lies ahead in the short term.

The previous ATH for BNB was on June 6, 2024 when it reached $717.48. The sentiment on its future is still bullish however, and according to the Binance Coin price prediction, it has the potential to end Q4 of 2024 at $790.20. The latest Binance Coin news can also play a major role in advancing its value quicker upwards.

Pullix (PLX) Revolutionizes the Exchange Space With Trade-to-Earn Model

Pullix is a pioneering trading exchange designed to bring together the strengths of decentralized and centralized finance, where through bridging the gap between these two paradigms, it can offer users an unparalleled trading experience characterized by depth, speed, and security. The primary focus of Pullix is to address the persistent liquidity constraints found in the DeFi landscape, and it is engineered to serve as a unified hub for all trading needs, while also facilitating access to global assets and robust liquidity.

Additionally, a major focus for the platform is user anonymity, and it empowers users to retain full custody of their assets while benefiting from the robust security measures typically associated with centralized platforms. Its innovative liquidity provision mechanism incentivizes user participation, thereby enhancing overall liquidity and delivering superior price execution.

This, coupled with the off-chain order book technology, enables institutional-grade trading with unparalleled speed and efficiency. Their presale earlier this year had raised over $8 million, with around 20,000 users taking part. Analysts now project a bullish 100x price increase for the token, fueled by the overall unique ecosystem and approach.

Which Crypto Can Climb the Most in 2024 and Provide the Highest ROI

While it’s clear that Binance Coin is currently facing increased bearish pressure, which has lost much investor interest, analysts believe this has only strengthened Pullix’s ambition to become the next 100x token. The Pullix platform allows users to trade various different assets, all from a single account, and it has a DeFi structure, anyone can even trade BNB on top of it with ease. These aspects make it the go-to diversification opportunity in 2024.

Visit Pullix

Join The Pullix Communities

 

Rollblock Set To Make Another New All Time High As PEPE and ICP Drop Over 15% In Past Month

By
TI Partners
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0

It’s just in the last weeks of July when altcoins were chasing new ATH marks. But Bitcoin entered August with a bearish move, putting an abrupt halt to that journey. Pepe (PEPE) and Internet Computer (ICP) prices are among the top casualties.

ICP price squashed 16% in the past week, continuing a long-held death spiral, while PEPE has crashed over 21% as whales resume a profit taking spree. But Rollblock’s ($RBLK), a new AI driven crypto gambling platform, defied the selling pressure with a 100% price jump in stage 5.

Learn why this GambleFi crypto token is set to explode 880% in presale and make another new ATH on launch.

Pepe (PEPE) wobbles 45% from new ATH

PEPE saw quite the profit-taking after setting a new ATH mark in May, pushing the price into a six-week bearish run to the $0.0000077 region on July 5, where PEPE consolidated for about 10 days.

Speculators slurped the dip, expecting PEPE to blast past its May high and set a new ATH. PEPE  bulls tried to push up later on in July but faced selling pressure at the $0.000013 level as more whales took profit. 

PEPE has crumbled more than 14% monthly and 21% in the past week, sliding sharply to trade in the $0.000009 region as bears continue to ruthlessly push PEPE back to its lowest lows.

Internet Computer: ICP price bleeds red to death

Internet Computer (ICP) entered the market in May 2021, trading in the $100 region, rocketing to $2,831 on launch. Sadly, the movie was short lived, with ICP price entering an extended bearish run to a nadir of $2.8 in September 2023.

Investors bounced at the “buy low” opportunity, hoping the ICP price would shoot to the moon. But when shitcoins like PEPE were chasing a new ATH, ICP only managed $20.9 and has been bleeding red over the past four months.

Trading in the $8.3 region, ICP price has “fallen hero” written all over it: 99% down from ATH, 0% yearly return, and a 16% squash in the past week. It remains to be seen whether an 8% monthly jump signals resurrection or the last gasp of a dying coin. 

Rollblock ($RBLK) braces for a new ATH mark

Rollblock is causing a cosmic storm in the lucrative gambling industry with mouth watering revenue share benefits and growth based tokenomics. This Ethereum gambling dApp redistributes a weekly dividend to $RBLK token holders from a portion of its gaming revenues and offers up to 30% APY in staking rewards. 

The $RBLK token is capped at a billion, and comes with a forward-thinking token burn schedule to replenish circulating supply, appreciating the token value over time for astronomical profits.

But how high can Rollblock go? Well, the gambling market is tipped to surpass $744 billion by 2028. Even with a sliver of this market, the $RBLK market cap will skyrocket into the billions.

The Rollblock crypto presale is already going bananas for the $2 million mark in stage 5, rewarding early adopters with an 80% gain. With analysts predicting a 100x yield on launch, yesterday is a good time to join the party!

Discover the exciting opportunities of the Rollblock (RBLK) presale today!

Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino

Global Market Sell-Off: Seven Largest U.S. Tech Companies Lose Combined $1 Trillion in Market Value

By
Ojukwu Emmanuel
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0

In a dramatic turn of events, the seven most valuable U.S. tech giants, collectively saw their market valuations plummet by $1 trillion at the open of trading on Monday, amid a global market selloff on fears that the U.S is at risk of recession.

The S&P 500 fell 4.2% and the Nasdaq 100 declined 5.4% as US markets opened with a sharp decline affecting major players across the board, signaling a challenging period for the industry and investors alike. Artificial Intelligence giant chipmaker Nvidia, shed more than $300 billion in market cap at the opening bell. Apple and Amazon saw their valuation plummet by $224 billion and $109 billion respectively.

Adding to the list, Meta, Alphabet, Microsoft, and Tesla, along with the seven most valuable tech companies lost a whopping $995 billion in the early moments of trading.

Investors have expressed concern that the shares of big US tech companies may have risen too far in recent months, with some key figures like Warren Buffett selling stakes. This according to them has caused the likes of Apple and Nvidia to see their share price drop sharply, prompting sharp corrections in Asian markets which have invested heavily in technology stocks.

On Monday, the trading market was ushered by mayhem across global markets with Tokyo’s Nikkei 225 plunging a staggering 12.4% and the yen strengthening as much as 3% against the dollar. This spurred investors around the world to react to the latest U.S. jobs report, which showed a far lower-than-expected nonfarm payroll figure suggesting weakness in the labor market that could signal recession.

Meanwhile, Chicago Federal Reserve President Austan Goolsbee has downplayed US recession fears, but however stated that the Federal Reserve officials need to monitor changes in the environment to avoid being too restrictive with interest rates.

“You only want to be that restrictive if you think there’s fear of overheating…these data, to me, do not look like overheating,” he told CNBC news.

He further added that the central bank’s job is not to react to one month of weaker labor data, noting that if economic conditions deteriorate, the central bank will fix it. “The Fed’s job is very straightforward: maximize employment, stabilize prices, and maintain financial stability. That’s what we’re going to do”, he concludes.

In an opposing view, Chief US economist at TS Lombard, Steven Blitz, says that if the Federal Reserve is going to wait for things to be bad, then “it’s too late” He adds that the U.S is in a position where there are warnings that if the Federal Reserve doesn’t start to cut interest rates and cut a lot soon, it will plunge the country into recession by the end of the year.

However, it is worth noting that the US unimpressive jobs report wasn’t the first indication of trouble in the markets. Last week, data on manufacturing and housing suggested an economic downturn, while the tech sector had already begun to weaken. The latest jobs data appear to have acted as the catalyst for a selloff that was already developing, potentially amplified by technical factors.

As companies navigate through the financial turbulence, market watchers are keenly observing the factors driving this significant downturn and its potential long-term implications on the tech landscape.

Commenting on the global market selloff, U.S. former President and current Republican Presidential aspirant, Donald Trump, has accused US Vice President Kamala Harris of the recent global market decline.

In a series of posts on his social media site Truth, he blamed the VP and the Democrats for the downturn and said stockholders were rejecting her candidacy.

“STOCK MARKETS ARE CRASHING, JOBS NUMBERS ARE TERRIBLE, WE ARE HEADING TO WORLD WAR lll, AND WE HAVE TWO OF THE MOST INCOMPETENT “LEADERS” IN HISTORY. THIS IS NOT GOOD!!!’ he wrote

“Voters have a choice. Trump prosperity or the Kamala crash & great depression of 2024”, he added. Trump’s recent backlash amid the global market selloff, suggests what the U.S economy would look like without his leadership.

Notably, the crypto market wasn’t spared in the global selloff, the market experienced a significant downturn, erasing $270 billion in market value as major digital assets recorded sharp declines. The selloff in the crypto market coincided with a broader slide in equities in Asia-Pacific markets.

The sharp downward crypto market decline has now seen over $740 million in leverage positions wiped out in the last 24 hours, with just over $644 million in leveraged longs being liquidated, according to CoinGlass data. 

While there are concerns about the global market selloff plunging further, several investors have stated that the current market situation presents a good buying opportunity for investors.

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