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Bitcoin En-Route To $100K Post Halving; You Can’t Avoid These 3 Altcoins Ready To Explode

By
TI Partners
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2

Look around and you will see the claims of Bitcoin to hit the $100K milestone soon, most probably after Bitcoin halving. Though the flagship cryptocurrency has made a new all time high recently at $73K, the crypto community believes it’s just a start and $BTC has a long way to go. The $100K should be the closest price target. And the good news is that the Bitcoin rally gives the broader cryptocurrency market a push, providing way more opportunities to make multifold returns.

Bitcoin halving cuts the BTC mining rewards into half, pressurizing the supply part keeping the demand the same; resulting in soaring of cryptocurrency price in the contingency. Investors eye on such several altcoins that are expected to explode in the wake of Bitcoin bull run post halving event. Recent surge in $ICP, $MNW, and $SNX makes it evident that they deserve to be in crypto portfolios of aspiring investors.

Internet Computer ($ICP)

Internet Computer ($ICP) is a blockchain network designed to expand the functionality of the internet, allowing developers to build and run software directly on the blockchain. It aims to provide a scalable and decentralized platform for smart contracts and dApps with high speed and reduced costs.

$ICP token is the native cryptocurrency of the Internet Computer, used for processing transactions, governance, and rewarding participants for maintaining the network.

$ICP token has recently experienced a significant price surge, rising by 70% and entering the top gainers list. Over the past few days, the token has shown an uptrend, increasing from $4 to $20 within a month. This surge is part of a broader bullish trend in the crypto market.

Currently the $ICP token is trading at $19.4 following over 10% dip today but 44% up in the weekly time frame. Despite this positive momentum, the current value is still 98% below its all-time high of $750.73 set three years ago. Investor predictions suggest a potential rise above $60 by the end of April, driven by the bullish market sentiment and ongoing developments within the $ICP network.

Landshare ($LAND)

The tokenization of real-world assets (RWA) recently experienced a significant surge following groundbreaking news. BlackRock, a titan in asset management, announced its entry into the tokenization arena with an investment of $100 million. This development injected a wave of optimism throughout the RWA domain, resulting in a staggering increase of over 100% in the value of the $LAND token.

Landshare is leading the charge in integrating blockchain technology with the real estate sector by introducing an innovative method for investing in properties through tokenization. This strategy opens up the real estate market to a broader audience, allowing investments starting from as low as $50, thereby expanding the possibilities for owning property.

At the heart of Landshare’s services are its Real World Asset (LSRWA) tokens, which provide investors with a concrete stake in property units. These tokens bridge the gap between digital investments and physical property, offering shared ownership and a claim on real estate assets.

By addressing the traditional challenges of liquidity and efficiency in the real estate industry, Landshare is pioneering a new era in property investment. The platform is set on a trajectory of growth, driven by its innovative approach and the potential for generating substantial returns and passive income for investors.

With the $LAND utility token facilitating smooth transactions, Landshare has already demonstrated its impact and efficiency through the successful sale of three tokenized properties, affirming its significant position in the market and operational excellence.

$LAND token saw a massive jump of nearly 200% in the last seven days reaching the recent highest trading price of $6.47. The weekly range for the token was $1.2 to $7, making it one of the top gainers across the crypto market with a 480% jump. In the yearly time frame, the token price has gone 4x. This came in the wake of the ripple effect created by BlackRock’s foray into the tokenization space.

Synthetix ($SNX)

As a DeFi token on the Ethereum blockchain, Synthetix allows trading in synthetic assets that replicate returns of various assets without direct ownership. The platform is focused on user expansion and platform enhancement, fueling optimism for its future.

With upcoming initiatives like the $PYTH Governance Distribution to involve the community in governance and bolster Synthetix-Pyth Network relations, $SNX is poised for further growth. Synthetix’s ambition to provide access to advanced financial markets, including non-blockchain assets, underscores its innovative approach to broadening the crypto landscape.

In the last 24 hours, Synthetix (SNX) experienced a slight 2% drop in price, reaching $4.9, with a trading volume of $102 million. However, it is up by 30% in the monthly time frame. It’s performing well above its 200-day simple moving average, indicating a bullish sentiment among investors. Analysts point to a strong support level at $4, with potential growth towards a $10 target. The market’s Fear & Greed Index stands at 81, suggesting a high level of investor greed.

DAGs and Blocks Unite: BlockDAG’s Trailblazing 5000x ROIs Race Past GFOX & XTZ Price Prediction

By
TI Partners
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0

BlockDAG (BDAG) is a new player in the crypto space. It is known for its unique take on DAG technology and offering four different passive income streams, making it faster and more secure. To see their distinctive features, this article compares BlockDAG with two other cryptocurrencies, XTZ price prediction and GFOX presale success.  We aim to give a clear overview that helps readers make informed decisions about these technologies.

XTZ Price Prediction Shows a Bullish Trajectory

Tezos has captivated the market with its significant bullish momentum, as evidenced by a 102% surge since October, culminating in a 52-week high of $1.60 on March 13, 2024. This ascent has been characterised by robust support from a trendline, facilitating consistent gains. Despite a temporary retracement, Tezos’s resilience and technical indicators suggest a bullish outlook, with the potential to revisit and surpass its recent highs.

Analysing the XTZ price prediction and volume, a correlation emerges, underscoring the asset’s volatility and the investor’s sentiment. Despite a volume decrease, the price has shown admirable resilience, hinting at underlying strength. Social metrics further bolster this perspective, increasing dominance and volume, signalling positive market reception. Crucially, Tezos’s ability to maintain its position above critical technical thresholds, like the 20-day exponential moving average, underscores its potential for sustained growth.

GFOX Presale: Riding the Wave of MemeCoin Mania

Galaxy Fox is a testament to the dynamic nature of the crypto market, having garnered significant attention and investment during its final presale stage. The GFOX presale, with over $5.5 million in funding, illustrates the investor’s confidence in its unique value proposition. At the heart of Galaxy Fox’s appeal is its integration of memecoin charm with the burgeoning GameFi sector, offering a compelling blend of entertainment and financial incentives.

BlockDAG: Setting a New Standard in Blockchain Technology

BlockDAG distinguishes itself by integrating a Directed Acyclic Graph (DAG) structure with a Proof-of-Work (PoW) consensus mechanism, offering unparalleled efficiency and security. This innovative approach allows for processing transactions at speeds previously unattainable in traditional blockchain systems, with aspirations to further enhance this capability.

The essence of BlockDAG’s proposition lies in its layer 1 technology, providing a foundation for scalable and secure applications. By eliminating the limitations associated with orphan blocks and enabling parallel transaction processing, BlockDAG offers a compelling solution to the scalability trilemma, balancing speed, security, and decentralisation. Moreover, its ASIC crypto mining solutions underscore a commitment to sustainable digital transformation, appealing to a broad spectrum of stakeholders. As of writing, BlockDAG has sold out 5.5 billion BDAG coins in a remarkably short period, with almost $10 million raised already.

In Favor of BlockDAG

Upon examining the unique attributes and advancements of Tezos, Galaxy Fox, and BlockDAG, it becomes clear that BlockDAG represents a significant leap forward in the evolution of blockchain technology. Its innovative DAG structure and robust PoW consensus mechanism set a new benchmark for scalability, security, and efficiency.

As investors and enthusiasts seek the next significant opportunity in the crypto market, BlockDAG stands out as a compelling option. It promises not only technological advancement but also a sustainable and inclusive digital future. With its presale offering a unique entry point, it is time to explore and invest in BlockDAG’s pioneering network.

 

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram:https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

FTX Co-founder Sam Bankman-Fried Sentenced to 25 Years in Prison

By
Ojukwu Emmanuel
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0

FTX Co-founder Sam Bankman-Fried, who was convicted of stealing billions of dollars from customers has been sentenced to 25 years in prison.

After a two-hour court hearing today, the presiding judge Lewis Kaplan disclosed that Bankman knew all along what he was doing was criminal but downplayed the possibility of being caught.

Kaplan opened the hearing by going through sentencing guidelines, stating that he rejected the defense’s argument that there “was no loss” as a result of the fraud at FTX.

He further stated that Bankman-Fried committed perjury numerous times during his testimony in the trial, listing three specific occasions but saying that there were many more he could have added.

Bankman-Fried in response, admitted to the judge that he made a lot of mistakes, but maintained that his crypto firm FTX had the ability to repay customers when it collapsed.

He painted the fall of FTX as mismanagement and veered into what he saw as issues around the handling of its bankruptcy.

Meanwhile, in a rebuttal, Judge Kaplan rejected Bankman-Fried’s argument that customers could be paid back. He compared the former billionaire to “a thief who takes his loot to Las Vegas,” saying that Bankman-Fried was not entitled to leniency by trying to use his winning to pay back what he stole.

Prosecutors said Bankman-Fried had cost customers, investors, and lenders over $10 billion by misappropriating billions of dollars to fuel his quest for influence and dominance in the crypto industry, and had illegally used money from FTX depositors to cover his expenses, which included partying, purchasing luxury properties in the Caribbean, expensive trips and alleged bribes to Chinese officials.

The prosecutors said,

“The defendant victimized tens of thousands of people and companies, across several continents, over a period of multiple years. He stole money from customers who entrusted it to him; he lied to investors; he sent fabricated documents to lenders; he pumped millions of dollars in illegal donations into our political system; and he bribed foreign officials. Each of these crimes is worthy of a lengthy sentence”

One of the victim of FTX’s fraud who gave a statement in court, said that he suffered every day as a result of Bankman-Fried’s fraudulent actions.

In a defense, Bankman-Fried’s attorney, Marc Mukasey, argued that his client never intended to intentionally commit harm to investors. Rather, he described Bankman-Fried as an “awkward math nerd” who loves video games and animals.

Bankman-Fried crypto exchange company FTX was valued at $32bn before it went bankrupt in 2022. His crypto exchange grew to become the second largest in the world with $10-$15bn traded daily. The FTX platform had around a million registered users, ranging from institutional traders, family offices and crypto-native investors.

Sam Bankman-Fried has been sentenced to 25 years in federal prison for defrauding customers and investors of the FTX cryptocurrency exchange — one of the biggest white-collar crimes in history. At his sentencing hearing Thursday in Manhattan, the 32-year-old said he was “sorry about what happened at every stage” of FTX’s headline-making implosion. Explaining his reasoning for the sentence, Judge Lewis Kaplan said there is “not a trivial risk” that Bankman-Fried “will be in a position to do something very bad in the future.” He also ordered a forfeiture of more than $11 billion.

Naira Strengthens to N1,300/$1, Signals Optimism Amid Sustainability Concerns

By
Samuel Nwite
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0

The Nigerian Naira showcased its strongest performance in over eight weeks as it closed at N1,300/$1 on Wednesday, marking a significant uptick in its value against the US Dollar.

Data obtained from the Financial Markets Dealers Quotations (FMDQ) revealed this positive momentum, which was echoed in the parallel market where exchange rates ranged between N1,250 and N1,300 for both cash transactions and inflow-related transfers.

According to the FMDQ, Wednesday’s closing exchange rate of N1,300.43 represents the currency’s most robust showing since January 26, 2024, when it closed at N891.9/$1. The day witnessed a fluctuation in rates, with the intra-day high hitting approximately N1,460/$1, while the intra-day low settled at N1,200/$1. Moreover, the total turnover for the day stood at $416 million, marking the highest forex volume recorded since February 6, when it reached $465 million.

The improved exchange rate can be attributed to several monetary policies implemented by the Central Bank of Nigeria (CBN), primarily centered around higher interest rates for Open Market Operations (OMO) bills and Treasury bills. Recent Treasury bills auctions saw interest rates climbing to 21.5%, attracting over N1.5 trillion in allocations. Higher interest rates are typically interpreted as measures to combat inflation while attracting foreign capital inflows.

Furthermore, the CBN has revised its forex policies, allowing the exchange rate to be determined by market forces and resuming the sale of forex to Bureau De Change (BDC) operators. The apex bank sold $10,000 to BDCs at an exchange rate of N1,251/$1, further bolstering the currency’s strength.

Will the rally be sustained?

While the current naira gain yields a positive outlook, there is concern about whether it will be sustained. The gains are largely tied to the CBN’s subsidized supplies to BDCs at N1,251/$1. The subsidy is believed to emanate from the increase in Nigeria’s foreign reserve, put at $35 billion by the CBN.

However, the growth of the foreign reserve is significantly tied to Nigeria’s oil output, which has continued to record decline over the past eight years – mainly because of oil theft and oil installations vandalism. The situation is expected to affect as much as 25% of the nation’s oil production.

The Minister of State Petroleum Resources (Oil), Heineken Lokpobiri, acknowledged the challenge, noting that Nigeria has in the last five years slowed down investments.

“We are the lowest in the world, if you talk of investment to reserves ratio, Nigeria is 25 per cent. Nigeria is the least in the world. Between 2017 and 2022, if you look at the figures, Nigeria’s investments compared to our reserves are 25 per cent. There is something we are not doing right,” he said.

Recently, Nigeria’s OPEC quota was reduced from 1.742 million barrels per day (mbpd) to 1.38mbpd. However, the country is still struggling to meet this quota, with daily production averaging 1.3 million barrels per day.

The CBN said earlier in the year that it expects revenue from oil to nosedive in 2024.

Against this backdrop, it is believed that the foreign reserve where the current CBN’s subsidized FX supplies to the BDCs are coming from will witness a decline in the long run. Analysts said that as long as the subsidy is coming from the FX reserve, the naira will eventually lose its gains.

Let Us Discuss Workplace Collaboration and Automation

By
Ndubuisi Ekekwe
-
0

“If you want to go fast, go alone, but if you want to go far, go together” is an African proverb. Largely, in the market system, the process of combining factors of production requires doing many things together. And among the factors of production, Labour (the human system) is very evidential. That Labour is the People within the anchors of firms: Processes, Tools and People.

Join us in the next few minutes as one of the finest zen-masters in this game of collaboration teaches in Tekedia Institute. He is a multi-winning Microsoft MVP, first-class graduate, tech prodigy, and a young man who is always smiling! Olanrewaju Oyinbooke is coming to class; get ready to learn.

Thur, March 28 | 7pm-8pm WAT | Workplace Productivity, Collaboration, and Automation – Olanrewaju Oyinbooke, COSMOS| Zoom link

This is the Tekedia Mini-MBA; your career is our mission. Pick a seat here 

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