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3 Cryptos Surging This Week, Maker (MKR), Conflux (CFX) and Everlodge

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Although the crypto market is in a pensive mood ahead of the decision on the first crypto ETF, the optimism is palpable. Analysts expect Maker, Conflux, and Everlodge to surge this week, thanks to the successful blend of innovation, increased whale activity, and cutting-edge technology.

Read on to find out why Maker, Conflux, and Everlodge are poised for a surge this week and how you can grow your wealth by 30x in the upcoming months.

Maker’s Network Activity on the Rise: Dormant Crypto Whale Revives

Maker is a decentralized lending and borrowing network; on-chain data is showing increased network activity that could drive Maker’s native token, MKR, to new highs this week. The weekly chart remains in the green, with over 11% gain at press time.

Recently, a crypto whale has returned after three years to deposit over $2.8 million worth of Maker to Binance. Usually, depositing tokens on exchanges indicates the intent to sell. However, it’s difficult to estimate the whale’s next move, especially as the early holder of Maker still holds over $12 million worth of MKR.

Conflux: Chinese Ethereum Up 4.4% in One Day

The Conflux Network, dubbed the Chinese Ethereum, uses a hybrid approach that combines Proof of Work and Proof of Stake consensus mechanisms, revolutionizing finance, Web 3.0, and dApps.

Conflux crypto has enjoyed tremendous popularity as it is the only state-supported blockchain in China – for instance, in 2021, the government invested $5 million in Conflux and tested its Yuan stablecoin, CNHC, on its blockchain.

Over the years, Conflux’s crypto, CFX, has gained recognition, especially its compliance with the Chinese regulations establishing it as a trustworthy digital asset. As of this writing, Conflux’s CFX has risen by over 4.4% in the past 24 hours.

Everlodge: Staggering 30x Rally as Everyday Investors Experience Luxury

Everlodge’s marketplace enables you to buy, sell, and invest in fractional real estate on the blockchain using NFT technology. This means you can co-own and generate passive income from exclusive properties worldwide, including villas, hotels, and mansions.

Token holders reap numerous benefits, like discounts on property purchases and even free nightly stays in the Everlodge ecosystem’s hotels and villas. For instance, owning 10,000 ELDG tokens could come with a week of free stay each year in a dreamy vacation property. Or better yet, you can monetize these stays by listing them on platforms like Airbnb.

In this decentralized world, you control your assets, hold your own encryption keys, and can trade your asset-backed NFTs on Everlodge’s secondary marketplace or any third-party ERC20-compatible platform. Everlodge also empowers property developers to raise capital for new ventures, offering investors early access and maximizing returns on investment.

As the global real estate market exceeds $280 trillion and the hospitality industry booms, Everlodge stands at the forefront of this lucrative intersection. With the vacation rental market growing rapidly, the potential for exponential growth in your investment is immense.

Thanks to these innovative features, Everlodge’s price prediction for 2024 is nothing short of impressive. Analysts estimate that the native token will increase by 280% during the presale stages and over 30x once the token is launched on major exchanges.

The Bottom Line

If you want to keep your portfolio in the green, you may want to keep an eye on Maker, Conflux, and Everlodge. Although targeting different technologies and industries, these diversified altcoins could capitalize on the general optimism in the crypto market, hitting new highs in the upcoming days.

Particularly, with only a few days left until the next stage and a further price increase, Everlodge’s native token, currently at only $0.029, stands to grow exponentially in the following weeks.

Visit Everlodge

Market Dynamics Shift: VC Spectra (SPCT)  Exhibits Strong Uptrends Amidst Polygon (MATIC)  and Polkadot’s (DOT) Decline

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Volatility in the crypto market is one of the challenges beginner cryptocurrency investors should master. Market whims cause profits and losses, as displayed by the price surge in VC Spectra (SPCT) and the drop in Polygon (MATIC) and Polkadot (DOT).

Let’s delve into VC Spectra (SPCT), Polygon (MATIC), and Polkadot (DOT).

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Summary

  • VC Spectra (SPCT) aims to surpass its 900% ROI promise.
  • Polygon (MATIC) investors stay away as price continues to fall.
  • Polkadot (DOT) may set a new support level before it recovers.

VC Spectra (SPCT) Rides The Wave Of Volatility To Maintain Uptick

Investors looking for the most unique and best DeFi crypto have VC Spectra (SPCT) to invest in. A decentralized hedge fund, VC Spectra (SPCT) eliminates barriers to investing in private equity, entering the crypto market with a low-price public presale. In addition to its price, the use of AI separates VC Spectra (SPCT) from the other DeFi companies that only focus on DEXs.

Another attractive feature of VC Spectra (SPCT) is that it takes the pooled resources and creates funds to invest in new ICOs, promising tech companies, crypto lending, and staking. These income-earning streams assure investors that they will earn a return. Moreover, VC Spectra (SPCT) employs professionals to advise and manage the fund.

Furthermore, VC Spectra (SPCT) attracts investors with the promise of quarterly dividends, buyback schemes, and voting rights. Additionally, it offers a native currency that facilitates transactions and asset management in the Spectra platform.

So far, VC Spectra’s (SPCT) public presale is in the fifth and final stage. While it is yet to end, early investors have earned an 862.5% a price jump from $0.008 in Stage 1 to $0.077 in Stage 5 of its public presale.

Moreover, it continues to attract new investors with the promise of hitting and surpassingits $0.08 target considering its increased demand and price trajectory.

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Can Polygon (MATIC) Recover Its Charm?

On December 20, 2023, Polygon (MATIC) suffered a decline in Polygon MATIC price as a MATIC whale transferred up to 25 million tokens to Coinbase in three transactions. With the large quantities of Polygon (MATIC) available for sale, investors stepped back, causing the price to fall 6% to $0.75 from $0.80 the previous day.

However, Polygon MATIC price recovered slightly, and it gained 26% as the price moved from $0.75 to $0.95 on December 31.

Despite the turnaround, Polygon (MATIC) bears overpowered the bulls, causing the price to fall in the first week of the year. Between January 1 and January 9, 2024, Polygon MATIC price fell 13% from $0.97 to $0.84.

Consequently, market experts consider a bearish sentiment for Polygon (MATIC). Moreover, a fall in daily transactions on the Polygon (MATIC) network causes experts to give a bleak Polygon price projection, showing it may fall to $0.75 by the end of January.

Polkadot (DOT) Falls Despite Positive On-Chain Data

On December 26, 2023, Polkadot (DOT) data from various on-chain analysis platforms showed that Polkadot (DOT) had recorded increases in revenue and daily transactions in December as the market turned bullish. Despite the positive news, Polkadot price fell 4% from $9.22 to $8.81 the following day.

Polkadot (DOT) continued on its downtrend, losing by 5% to trade at $8.36 on December 31. In the first week of 2024, Polkadot (DOT) lost 9% as it moved from $8.20 to $7.47 between January 1 and January 9.

With Polkadot price falling to $7.09 on January 10, market experts consider a bearish sentiment for Polkadot (DOT) and project it will fall to a new support level at $6.5 before Polkadot (DOT) can start rising.

 

To learn more about VC Spectra (SPCT), visit:

Burna Boy’s Powerful Message on BlackRock’s Bayo Ogunlesi: “As I dey hustle like Adebayor Ogunlesi…No go talk say me I too lazy”

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Congratulations to Mr. Adebayo Ogunlesi for his mega ascension into the kingship of money:  BlackRock, the world’s largest money manager, is acquiring his Global Infrastructure Partners (GIP) for a staggering $12.5 billion, making him a real “oba owo” [king of money]!

He is possibly now the most influential money manager of African descent in the world. BlackRock manages excess of $9 trillion and when you are near its temple, you are a zen-master, because when it comes to the sacrifices, you are qualified and certified to influence the world at scale. For all the knowledge and wisdom, in investment, money remains the raw material at the altar. Ogunlesi has entered the deepest altar at BlackRock in private equity. Yes, for them there, “uwa bu ahia” [the world is indeed a market] and they shape everything, from people  to nations.

Musical legend appreciated that mega-hustle, and noted that he has also been “hustling”, winning the laurels of Grammys and other awards. He sang:

“As I dey hustle like Adebayor Ogunlesi

(No go talk say me I too lazy)”

https://www.youtube.com/watch?v=CSQAAhOVZqI

Yes, Burna Boy is hustling and winning in music, just as Mr. Ogunlesi has also “hustled” and won in money management. You can also hustle and win in medicine. Hustle and win in architecture. Hustle and win in trading, teaching, athletics and other areas.

Simply, we all cannot be Mr. Ogunlesi and we must not necessarily change our paths. He inspires everyone, and that inspiration does not mean we must follow his exact path of being a money manager.  

I write this after reading some comments on my earlier posts on Adebayo Ogunlesi; it does seem many young people in Nigeria will all want to go into private equity. Not necessary: you can hustle and win in other areas. Good luck.

*of course, Ogunlesi is not hustling…but you get the lyrics.

He is peerless and one of the world’s finest in investment banking, private equity (PE) and infrastructure financing. Born in Sagamu, Bayo Ogunlesi rose to the pinnacle of global finance at a really fast pace, making and crystalling deals, which have seen his private equity firm, Global Infrastructure Partners (GIP), to become one of the most important PEs in this century.

Now, he wants to take some cash: “BlackRock Inc., the world’s largest money manager, has announced its ambitious acquisition of Global Infrastructure Partners (GIP) for a staggering $12.5 billion, per Bloomberg.”

Congrats Mr. Ogunlesi. You have demonstrated the greatness of America, that a Sagamu kid can come here, and within years, build an empire. We #salute because you inspire. You push us to think more of our character and capabilities over our color, because you have shown that excellence has dates in the palace of greatness.

5 Reasons Why Scorpion Casino’s Crypto Launch Is Set To Be One Of The Biggest of 2024

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2024 is set to witness a significant milestone in the crypto world with the upcoming launch of Scorpion Casino’s cryptocurrency. This event is generating substantial interest, and for good reasons. Here, we explore five key factors that position Scorpion Casino’s crypto launch as potentially one of the biggest of the year. These elements range from innovative financial strategies to strong market anticipation, each playing a crucial role in the impending success of this launch. Let’s dive into what makes Scorpion Casino’s debut a noteworthy event in the 2024 crypto calendar.

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1. Groundbreaking Revenue-Sharing Model

At the heart of Scorpion Casino’s appeal is its innovative approach to passive income. Unlike traditional crypto investments that fluctuate with market trends, Scorpion Casino’s model is based on stable casino revenues. This means that even during periods of market downturns, the platform offers a consistent income stream, making it an attractive option for those seeking financial stability in the volatile crypto landscape.

2. Impressive Fundraising Achievements

Confidence in Scorpion Casino’s potential is evident in its remarkable fundraising success, having already raised $2.9 million. This significant investment milestone reflects the high level of investor trust and anticipation surrounding the project, signaling strong market potential as it prepares to launch.

3. A Strategy for Long-Term Value

Scorpion Casino isn’t just about immediate returns; it’s playing the long game. The platform’s strategy of using revenue to buy back and burn $SCORP tokens introduces a deflationary mechanism to the ecosystem. This approach not only rewards token holders but also ensures a gradual increase in the token’s value over time, setting the stage for sustainable long-term growth.

4. The Tenset Factor

The partnership with Tenset, a renowned crypto incubator, adds a layer of credibility and expertise to Scorpion Casino’s launch. Tenset’s track record of propelling presale projects to success, including notable examples like $HERO and Everdome, bodes well for the explosive potential of Scorpion Casino’s crypto launch.

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5. A Fully Licensed and Versatile Platform

Beyond its financial mechanics, Scorpion Casino boasts a fully licensed gaming platform, offering a variety of options from traditional casino games to a comprehensive sports betting section. This operational maturity and diversity ensure that the platform appeals to a broad range of users, further solidifying its position in the market.

Will This Be History In The Making?

The Scorpion Casino crypto launch is more than just another presale; it’s a multifaceted venture poised to make waves in the cryptocurrency world. With its robust revenue-sharing model, impressive fundraising, strategic long-term value growth, high-profile incubator backing, and a versatile, licensed platform, Scorpion Casino is gearing up for an explosive entry into the market. For crypto enthusiasts and investors alike, this launch represents a not-to-be-missed opportunity.

 

For more information, check out the following links.

Presale: https://presale.scorpion.casino/

Telegram: https://t.me/scorpioncasino_official

CBN Initiates Comprehensive Decongestion Plan, Moves Some Operation to Lagos Office

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In a bid to address safety concerns, reduce health and accident risks, and comply with building regulations, the Central Bank of Nigeria (CBN) has unveiled a comprehensive decongestion plan for its head office in Abuja.

The initiative, outlined in a circular dated January 12, 2023, from the director of the human resources department to all staff, aims to align with building safety standards and enhance office space efficiency.

The circular emphasizes the need for the decongestion plan, citing safety concerns, increased health and accident risks, and the imperative to comply with building regulations. The decision comes in response to repeated warnings from the facility manager and recommendations from the committee on decongestion of the CBN head office building.

With the current occupancy level surpassing the optimal capacity, the CBN plans to relocate 1,533 staff to other facilities within Abuja, Lagos, and understaffed branches. The move is anticipated to address critical challenges such as safety concerns, reduced efficiency, and potential compromise to the building’s structural integrity.

The decongestion plan is expected to bring about operational and workflow efficiency improvements through strategic alignment, skill distribution, geographical mobility emphasis, and process optimization. Strategic alignment involves redistributing departments and staff based on the functions and objectives of the bank, and optimizing collaboration by placing certain departments in proximity to financial institutions’ head offices, predominantly located in Lagos.

Recognizing the importance of diverse and specialized talents, the CBN aims to distribute technical skills across all branches, addressing shortages at the branch level. Geographical mobility becomes a key focus, emphasizing staff rotations between branches to broaden perspectives, enhance adaptability, and foster collaboration.

The ongoing reorganization is characterized as a targeted effort toward process optimization. Collaboration with Branch Controllers aims to tailor department placement to the unique strengths and needs of each branch, enhancing overall operational effectiveness.

While the CBN emphasizes its commitment to keeping staff informed throughout the process, some employees express skepticism about the motives behind the decongestion plan. According to a source who spoke to The Nation, some politically exposed staff members of the bank view it as “a ploy to shed weight.”

The same source revealed that certain staff, particularly those with political exposure, have either resigned or been relocated to locations outside Abuja. The source states, “More are already considering throwing in the towel because they cannot function well outside Abuja or Lagos.”

A notable aspect of the decongestion exercise is the transfer of about 80 percent of the staff of the Banking Supervision Department and the Payment System Management Department (PSMD) to Lagos. The official rationale behind these transfers is that the head offices of the banks these departments supervise are located in Lagos.

The PSMD, responsible for overseeing various entities involved in the payment system, including commercial banks, microfinance banks, payment service providers, mobile money operators, payment terminal service providers, payment solution service providers, and electronic money issuers, are particularly affected.

Furthermore, the Director of the Medical Services Department has been moved to the FSS Department in Maitama, a move that has raised questions among CBN staff about the rationale behind this particular relocation.

The circular, addressing the concerns of the staff, states, “This is to notify all staff members at the CBN Head Office that we have initiated a decongestion action plan designed to optimize the operational environment of the Bank. This initiative aims to ensure compliance with building safety standards and enhance the efficient utilization of our office space.”

The circular outlines the overcrowding challenges, including safety concerns, reduced efficiency, and potential compromise of the building’s structural integrity. It states, “Our current occupancy level of 4,233 significantly exceeds the optimal capacity of 2,700 designed for the Head Office building.”

Decongestion is expected to lead to several positive outcomes, as outlined in the circular. These include improving health and safety, enhancing productivity and collaboration, extending the lifespan of the Head Office building, optimizing resources, reducing costs, and creating a more comfortable and enjoyable work environment for everyone.

The circular reads in full:
“This is to notify all staff members at the CBN Head Office that we have initiated a decongestion action plan designed to optimize the operational environment of the Bank. This initiative aims to ensure compliance with building safety standards and enhance the efficient utilization of our office space.

“This action is necessitated by several factors, including the need to align the Bank’s structure with its functions and objectives, redistribute skills to ensure a more even geographical spread of talent, and comply with building regulations, as indicated by repeated warnings from the Facility Manager, and the findings and recommendations of the Committee on Decongestion of the CBN Head Office Building.

“The action plan focuses on optimizing the utilization of other Bank’s premises. With this plan, 1,533 staff will be moved to other CBN facilities within Abuja, Lagos, and understaffed branches.

“Our current occupancy level of 4,233 significantly exceeds the optimal capacity of 2,700 designed for the Head Office building. This overcrowding poses several critical challenges:

1. Safety Concerns: The building’s infrastructure was designed for a specific number of occupants. Exceeding this capacity has raised safety concerns, increased health and accident risks – and hinders efficient emergency evacuation.

2. Reduced Efficiency: Crowded workspaces are negatively impacting productivity and collaboration. Additionally, overstretched facilities have led to increased maintenance costs.

3. Structural Integrity: The building’s integrity can be compromised by exceeding its designed capacity.

Decongestion will also improve our operational and workflow efficiency in the following ways:

1. Strategic alignment: The decision to redistribute departments and staff is rooted in a strategic approach to align the structure of the Bank with its functions and objectives. Certain departments may be better suited to operate in proximity to Financial Institutions’ head offices, which are predominantly located in Lagos. This strategic alignment ensures optimal collaboration and efficiency.

2. Skill distribution: The concentration of technical skills in the Abuja Head Office has led to a shortage at the branch level. Recognizing the importance of diverse and specialized talents across all branches, the reorganization seeks to redistribute technical skills to ensure that each branch has the necessary expertise for its specific operational needs.

3. Embracing geographical mobility: Given the CBN’s extensive network of branches across the nation, the reorganization also emphasizes the importance of staff rotations between branches. By experiencing new environments, stakeholders, and opportunities, staff members will broaden their perspectives, enhance their adaptability, and foster stronger collaboration across the organization.

4. Process optimization: The ongoing reorganization is not a random shuffle but a targeted effort towards process optimization. By collaborating with Branch Controllers, the Management aims to tailor the placement of departments to the unique strengths and needs of each branch, thereby enhancing overall operational effectiveness.

We understand that change can be unsettling, and we are committed to keeping you informed throughout the process and providing timely updates on the decongestion plan. Affected departments and personnel will receive individual notifications from their respective Directors.

By implementing this plan, we will: Improve the health and safety of all staff; Enhance productivity and collaboration; Extend the lifespan of the Head Office building; Optimize our resources and reduce costs; and create a more comfortable and enjoyable work environment for everyone.