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Big Bang Moment In Crypto: BlockDAG’s Keynote 2 Rockets Past ApeCoin & Worldcoin with $5M Daily Sales

By
TI Partners
-
0

While Worldcoin’s value dips amid its ongoing halt in Spain due to data privacy issues, ApeCoin shows unpredictable returns, with an ROI barely touching 0.80%, making investors cautious. Meanwhile, BlockDAG emerges as a frontrunner with its Keynote 2 unveiling, boasting an 1120% price surge in Batch 18 as its presale rockets to $49.5 million. This keynote showcased substantial tech upgrades and mining enhancements, predicting daily earnings to spike to $5 million, marking BlockDAG as a standout investment.

Worldcoin Token Price: Navigating Hurdles and Uncertainty

Worldcoin (WLD) is currently navigating tough waters, especially in Spain, where its operations are paused until 2024’s end for a GDPR evaluation. This suspension follows concerns regarding Worldcoin’s practice of collecting biometric data by scanning irises for digital IDs, sparking global privacy alarms and leading to bans in multiple nations. These issues have drastically reduced Worldcoin’s market value, dropping 55% since its March peak, now trading at approximately $4.79. Its unpredictable regulatory outlook renders it a less appealing investment choice.

ApeCoin Price: Analyzing Stability and Growth Prospects

ApeCoin, rooted in Ethereum, aims to facilitate governance and transactions in the Ape-verse. Despite its intended utility, ApeCoin has faced significant price swings, offering a scant potential ROI of just 0.80%. This instability has left investors hesitant about its reliability. As ApeCoin’s market potential is tied to Yuga Labs’ success, its pronounced volatility and low ROI have prompted investors to explore more lucrative alternatives, with many turning to BlockDAG.

BlockDAG’s Keynote 2: Peering into the Future of Mining

BlockDAG’s recent Keynote 2 was a landmark event that revealed significant achievements and upcoming initiatives, sparking widespread excitement. This keynote introduced the beta version of the X1 Crypto Miner app and blockchain enhancements, highlighting BlockDAG’s dedication to innovation. It also spotlighted the upcoming mainnet launch, new development tools, and an imminent DOXing video featuring its all-human team, emphasizing BlockDAG’s potential to transform the blockchain realm.

Moreover, BlockDAG’s mining technology, particularly the X10 Miner, received significant attention during Keynote 2. This compact yet robust mining tool combines energy efficiency and scalability and is capable of mining up to 200 BDAG daily with a 100 MH/s hash rate. Its user-friendly design and quiet operation make it an appealing choice for novice and seasoned miners. Integrating ASIC technology ensures top performance, positioning BlockDAG as a frontrunner in the mining hardware and crypto NFT sectors.

BlockDAG’s ongoing presale success has solidified its reputation as a prime investment destination. The $49.5 million collected during Batch 18 reflects community confidence in BlockDAG’s vision. With projections to reach $5 million in daily earnings, the rapid presale progress and robust support underscore the project’s viability and potential for significant returns. The buzz around the mainnet launch and continual tech advancements create a buzz among investors, spurring further interest in the presale.

Final Thoughts

The difficulties faced by Worldcoin and ApeCoin’s instability have pushed investors towards more promising avenues. In contrast, BlockDAG is reshaping the crypto market with its pioneering technology and strategic progress. BlockDAG’s Keynote 2 captured global attention and showcased the project’s potential to redefine blockchain technology.

With its advanced X10 Miner and thriving presale, which raised over $49.5 million and aims for $5 million daily, BlockDAG is poised to be a major player in the crypto NFT realm. Investors seeking a significant crypto venture should eye BlockDAG’s mineable network, which is poised to generate substantial wealth for its community.

 

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

BlockDAG Captivates Polygon and Litecoin Investors After Remarkable Moon Keynote 2 Launch and a $49.5M Presale

By
TI Partners
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0

BlockDAG is swiftly emerging as a frontrunner in cryptocurrency thanks to its revolutionary Moon Keynote, which has set a vibrant outlook for 2024. As Polygon (MATIC) remains steady within its trading boundaries and Litecoin (LTC) encounters resistance nearing the $90 mark, BlockDAG’s pioneering technologies and strategic promotional efforts draw substantial investor attention.

The Moon Keynote was a launchpad for over 45 new features, including a beta version of the X1 app and forthcoming initiatives like Metamask integration and EVM compatibility. With a staggering 1120% rise in price and $49.5 million accumulated from the presale, BlockDAG is on track to reach a market price of $1 by 2024, positioning it as a highly attractive investment, overshadowing its competitors with its rapid growth potential.

Polygon (MATIC) Positioned for Potential Breakout

Currently, Polygon (MATIC) finds itself in a consistent trading range that has lasted two months, even amid positive market vibes following Bitcoin’s ascent past $70,000. The price of MATIC oscillates between $0.75 and $0.62, with a pivotal level at $0.685 to watch. Investors should approach with caution due to the potential high liquidation levels at $0.762 and $0.8.

Despite a failed attempt in March to overcome the $1 mark, leading to a drop to $0.6, the Relative Strength Index (RSI) shows subdued momentum, stabilising around 50. Nevertheless, a rise in On-Balance Volume (OBV) hints at an impending breakout. Investors should keep an eye on the $0.685 level for potential buying opportunities, as MATIC offers promising prospects for a breakout and should be closely monitored this June.

Litecoin’s Challenge to Surpass $90 Despite Favorable Trends

Litecoin has seen more than a 6% increase, briefly climbing over $80 but struggling to maintain support beyond $90, typically hovering around $84 in recent days. However, a 10% surge in trading volume, as noted by CoinMarketCap, signals a spike in investor interest.

Although market sentiment remains positive, Litecoin’s inability to breach the $90 threshold has led some investors to pull back, slowing its growth momentum. The ongoing battle between bullish and bearish forces renders Litecoin’s market behaviour quite volatile. Market analysts believe that while increased investor activity could propel Litecoin beyond $90, caution is advised as a downturn in market conditions could trigger a decline in the upcoming weeks.

BlockDAG’s Ascent to $1 Following an Impressive Moon Keynote

BlockDAG is quickly becoming a top choice among altcoins for 2024, spurred by its recent Moon Keynote, which was extraordinarily broadcast from the moon. The presentation unveiled over 45 new updates, emphasising BlockDAG’s advancements in terms of speed, accessibility, security, and scalability.

The keynote also introduced the X1 app beta. It highlighted several blockchain enhancements, showcasing BlockDAG’s effective marketing techniques, including powerful global campaigns and endorsements from prominent entities like Forbes, Cointelegraph, and Bloomberg. Ambitious future projects were outlined, such as a Peer-to-Peer Engine, Metamask Integration, Block plus DAG Algorithm, and EVM Compatibility, with plans aiming for $5M in daily profits leading up to a much-anticipated mainnet launch.

Following the keynote, BlockDAG’s website experienced a massive surge in traffic, leading to an 1120% price increase. Over 11.4 billion coins were sold, and $49.5 million was raised in funding. The introduction of the X1 beta app for Android and Apple has further boosted its appeal, facilitating easy cryptocurrency mining via smartphones. Experts forecast that BDAG’s price could climb to $1 in 2024 from its current presale price of $0.0122, making it an enticing investment choice.

Key Takeaway

BlockDAG’s forward-thinking advancements and strategic implementations distinguish it as a standout investment in the dynamic cryptocurrency market. While Polygon seeks to achieve a market breakout and Litecoin deals with volatility, BlockDAG’s successful presale and ambitious roadmap underscore its superior potential. For investors aiming for significant returns, BlockDAG presents an opportunity to lead the market with scalable solutions and groundbreaking technology.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

The World Bank’s Postulation on How To Tame Inflation in Nigeria

By
Ndubuisi Ekekwe
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0

The World Bank has joined the postulation that Nigeria’s central bank is wasting time by thinking that it could tame inflation through an interest rate hike: “The World Bank has cast doubt on the Central Bank of Nigeria’s (CBN) recent monetary policy measures, suggesting that they may not effectively curb inflation as anticipated by analysts..Despite an aggressive increase in interest rates by a combined 750 basis points since the beginning of the year, inflation remains a persistent issue…”

I have been shouting and the World Bank’s observation mirrors my point; I wrote last year: “I call on the apex bank to also do something new: instead of raising rates to lower inflation in Nigeria, lower interest rates to boost production and supply. I guarantee you that if you lower interest rates in Nigeria, you will improve the Supply side in the market, and if that happens, inflation will drop. Our inflation is driven by low supply, and when we raise rates, we reduce supply [higher productive cost depresses supply] even though the policy has no impact on Demand since our consumer lending is largely nonexistent.

“If you cannot try it across Nigeria, use Ovim, and you will see how inflation will drop in Oriendu Market, Ovim, Abia State.”

Good People, rate hike works in America/Europe where there is a developed consumer credit system. In Nigeria, we use “cash”, and rate hikes have limited impacts on demand (consumer spending). What rate hikes do in Nigeria is to increase cost of production (via higher interest rates on bank loans) which ends up reducing Supply of goods, with the unfortunate impact of pushing inflation higher.

Raising interest rate will not curb Nigeria’s inflation – World Bank

By
Samuel Nwite
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0

The World Bank has cast doubt on the Central Bank of Nigeria’s (CBN) recent monetary policy measures, suggesting that they may not effectively curb inflation as anticipated by analysts.

In its latest report, “Global Economic Prospects,” which outlines the economic outlook for 2024 and 2025, the World Bank projects Nigeria’s economic growth rate to be 3.3% in 2024, maintaining its earlier forecast. Additionally, the bank foresees a slight improvement in Nigeria’s GDP growth to 3.5% in 2025.

The World Bank attributes the projected economic growth to the current administration’s reforms in the petroleum and foreign exchange sectors. Following a recorded growth of 2.9% in 2023, these reforms are expected to stimulate a gradual improvement in economic conditions, leading to sustained, albeit modest, growth in the non-oil economy.

The oil sector, which has faced significant challenges, is also anticipated to stabilize as production levels recover.

However, the report highlights significant risks to this optimistic outlook, particularly the potential ineffectiveness of the CBN’s monetary tightening measures in controlling inflation. Despite an aggressive increase in interest rates by a combined 750 basis points since the beginning of the year, inflation remains a persistent issue.

The CBN’s recent monetary policy has seen interest rates jump dramatically. Governor Yemi Cardoso, in his first Monetary Policy Committee (MPC) meeting, raised the interest rate by 600 basis points from 18.75% to 22.75%. Subsequent hikes have pushed the rate further to 26.25%. The bank also increased the Cash Reserve Ratio (CRR) of banks to 45%, one of the highest rates globally.

These measures were aimed at taming inflation, but the results have been underwhelming. Inflation rose from 29.90% in January 2023 to 33.69% in April 2024, defying expectations that higher interest rates would slow it down.

Various stakeholders, including members of the Nigerian business community such as the Centre for the Promotion of Private Enterprise (CPPE), the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), and the Manufacturers Association of Nigeria (MAN), have criticized the CBN’s approach. They argue that the high interest rates are ineffective in combating inflation and instead harm the real economy by raising the cost of accessing capital.

Economists have also pointed out the contradictions in the CBN’s strategy. While the bank is increasing the MPR to combat inflation, other policies appear to counteract these efforts. For instance, the currency in circulation, a crucial factor in controlling inflation, has risen to N3.87 trillion at the end of March, up from N3.69 trillion in February and N3.65 trillion in January.

This increase indicates that a significant portion of currency is being held outside the banking system, which can compound inflationary pressures.

The CBN’s own data shows that over 90% of the currency in circulation is outside the banking system. This trend of hoarding cash poses a challenge to the bank’s efforts to control inflation.

Muhammad Abdullahi, a member of the MPC, acknowledged in the March meeting that high currency outside banks is one of the key monetary drivers of inflation. He said that while domestic food prices driven by supply shortages and high logistics costs are major inflationary pressures, monetary policy tools need to target money supply growth, exchange rate depreciation, and the high levels of currency outside banks to mitigate these pressures.

In January 2024, at the height of the currency redesign policy, the currency in circulation was N1.386 trillion, with 57% of this amount (N792.184 billion) held outside the banks. By March, this percentage had risen to 85.8%, with N1.445 trillion of the N1.683 trillion in circulation outside the banking system.

The World Bank report also touches on the broader economic context, noting that President Tinubu’s reforms, including the removal of the fuel subsidy and the unification of the foreign exchange market, have significantly impacted the economy.

The naira depreciated sharply, closing 2023 at N907/$, almost a 100% decline. This depreciation continued into 2024, with the naira weakening to around N1,400/$ and peaking at about N1,600/$ in February. These changes have driven inflation to its highest level in 28 years, with food inflation soaring to 40.53%.

While the World Bank’s projections offer a cautiously optimistic view of Nigeria’s economic growth, substantial risks remain, particularly concerning the CBN’s monetary policy effectiveness. The CBN has been advised to augment its monetary policy tightening by mopping up excess cash in circulation.

The Dangote Steel Is A Huge Vision for Nigeria

By
Ndubuisi Ekekwe
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0

“We want to make sure every single steel that we use will come from Nigeria,” Aliko Dangote said.

Nigeria: Dangote is going into steel. The wailers will not match him on productivity, but as soon as he begins to deliver alpha, the noisemakers, siddon-think-talkers and siddon-think-tankers will start saying  “Dangote gets help from the government”.

I want to commend Alhaji for his services to Nigeria. From food to cement to…to refinery to steel, and when he is done with steel, he will come for electricity. Today, he generates about 50% of Nigeria’s total electricity capacity for the Group. This means the expertise is already in-house.

Good People, it takes the killing of one leopard to be called a killer of leopards, the elders will say. Dangote has killed many leopards, and ALL Nigerians must commend this man. I do not even understand how he gets the motivation and energy to keep building considering what he has accomplished.

Dangote Steel – to power the pillars and beams for industrialized Nigeria. Congratulations for the NEW vision.

Dangote Offsets $2.4bn of Refinery’s $5.5bn Debt, Targets $30bn Revenue Amid Plan to Venture into Steel Production

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