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Home Blog Page 3899

Beyond Gold for Naira: The Illusion of Gold for Backing And Strengthening Currencies

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Question: “Ndubuisi, if a unified paper currency cannot save Africa, what about a paper currency backed by gold? Of course, I am an advocate for production as a veritable means of economically improving Africa. However, I will appreciate your answer”.

My Answer: In our modern global economy, using gold to back any currency in a free mercantilist economy (you are better by increasing export and trade) is an illusion. The US has about 8,133 metric tons in the American gold reserve which comes down to about $500 billion. Simply, if you melt all the physical gold in America, it is not worth up to 25% of the value of Apple Inc. At a deeper level, Apple does more for the United States than all the gold in the bullions, because markets have priced Apple more!

Globally, in all forms and nature including bullions, jewelry, derivatives, private placements, stocks, etc, the value of gold is about $13 trillion. The world economy is about $105 trillion, and all the nations within the gross world product are tethered to their currencies. There is no way gold in all forms will back those currencies unless we move into the imperial age.

Gold makes sense when you’re disconnected from global trade since you need another layer to cushion your currency. That was what Russia did as sanctions hit up, they bought physical gold, tying their currency on it, since it was isolated. That stabilized the ruble since behind the currency, there was a “2 factor authentication” layer which could prevent any direct frontal attack on the currency.

To boost and strengthen any currency, your second part is what it is: production and lots of export, especially if your currency is not the global reserve. In other words, the US dollar is earned by every other country in the world, but the US prints it, which means it can create the currency while others must sell something to earn it. That shapes what those nations do, and part of the game is to make things which other countries want. Where you fail to do just that, your currency struggles, even if you have used gold to decorate  your central plate.

Source: Visual Capitalist

Other countries must EXPORT to improve balance of payment but the US does not necessarily have to do that at scale provided all believe in the strength of that currency, since it is the benchmark. Yet, believing in that currency comes from productivity and innovation within the US economy. In summary: it is only when innovation and productivity back currencies that it becomes stronger.

Africa needs to be productive; gold will not save our currencies.

ChatGPT Top Altcoin Picks for August – BNB, XRP, and Everlodge

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The crypto space is very dynamic making it important for investors to always monitor the market. Meanwhile, ChatGPT has identified three top altcoins that are gaining attention in August. They are Binance Coin (BNB), Ripple (XRP), and Everlodge (ELDG).

Click Here To Find Out More About The Everlodge (ELDG) Presale

Binance Coin (BNB) To Soar 10x

Recently, Binance Coin (BNB) has shown a period of price consolidation, with lateral movement between $245 to $234 over the past two weeks.  This intriguing price action from BNB has given rise to a bullish reversal pattern known as the inverted head and shoulders.

As a result, ChatGPT is predicting a bullish price movement soon. However, BNB bulls must maintain the recently formed support level.

If they are able to do so, it could open the chance for a potential 10% recovery for BNB. According to CoinMarketCap, BNB  is trading at $240.57, a -2.54% price decline in the last 24 hours.

Can XRP (XRP) Breakout From Its Narrow Range?

Ripple (XRP) is currently trapped in a narrow range, fluctuating between $0.74 and $0.675. Notably, coin buyers are finding strong support at the $0.675 level. For the past two weeks, the coin price has hovered just above this support, struggling to achieve a sustained recovery.

If XRP experiences a post-breakdown fall, it could potentially drop by another 8.5%. Such a drop would take it to the $0.62 support level. However, If the overall crypto market improves, XRP bulls would bounce from the $0.645 and aim for the $0.74 barrier.

A successful breakout could lead to a bullish upswing of 14%, reaching the $0.85 price level. Subsequently, XRP could extend further to the $0.935 mark.

Everlodge (ELDG) To Soar 50x Before the End of August

Everlodge (ELDG) is set to revolutionize the real estate space using NFT fractionalization and blockchain technology. The platform will democratize access to the trillion-dollar industry. This will enable investors to own fractional shares in high-value properties like hotels, luxury villas, and vacation homes.

The aim of the project is to capitalize on the booming hospitality industry, valued at over $4.548 trillion. Interestingly, the value of the NFT will rise as the property’s value increases. Meanwhile, users can sell their NFTs on Everlodge’s marketplace or even use them as collateral to collect loans.

Other benefits that Everlodge will offer include staking rewards and discounts. This dedication to users’ fulfillment and rewarding journey underscores Everlodge’s commitment to providing exceptional service. Everlodge will be locking its liquidity pool for 8 years and team tokens for 2 years.

Everlodge is presently in the presale phase, and each ELDG token is available for purchase at just $0.01. With its robust features and advantages, analysts foresee a significant surge in the adoption of Everlodge’s token. The Everlodge token has several use cases and benefits for its holders. Those with Everlodge tokens can stake them to earn rewards and enjoy free nightly stays at Everlodge hotels.

Find out more about the Everlodge (ELDG) Presale Today

Website: http://www.everlodge.io/

Telegram: https://t.me/everlodge

Meme Coin Presales: The Way That Shiba Inu & Big Eyes Coin Are Dominating The Market

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The meme coin market is witnessing new overwhelming changes for the better. Meme coins presales are dominating the arena and attracting investors left and right, especially after the success of Big Eyes Coin (BIG) and its new Big Eyes Infinity Presale ($BIGINF) and Shiba Inu’s 9% gains in the last week. These meme coins are taking the industry to another level, and after August 2023 will make drastic changes to the whole scene.

Presales Effect On The Coin’s Success

Presales play an important role in cryptocurrencies and especially in the early days of developing a coin. A presale process is applied by offering a limited number of tokens or coins to a group of investors before the public launch for a discounted price as a reward for their early participation and support for the project. Presales build early support for the project and allow a high return on investment (ROI). Furthermore, It creates a sense of anticipation and teamwork that will empower the crypto community in the future and guarantees the project’s success.

The Meme Coin Presale Pioneers

Shiba Inu, one of the most popular meme coins, restored its market capitalization to $4,225,133,880 and gained 9% in the last seven days, overcoming the effects of the Securities and Exchange Commission’s (SEC) uncertainty and maintaining its stability in this hostile market environment.

Big Eyes Coin is surprising its endorsers with the new Big Eyes Infinity Presale ($BIGINF). Customers who buy $BIGINF tokens in this presale will be given matched tokens added to their BIG 819 casino account, and after the end of the presale, players will be able to use these bonus tokens and withdraw them from their account with an increase of x2.5.

Why Should I Care About A Meme Coin Presale?

Fine-tuning the identity and features in the early stages of an altcoins development is vital. The presale offers the perfect opportunity for quick adoption to expand its investor base. If there’s one thing everyone can agree on, it’s that the customer rules all. It’s not enough to be customer-focused or customer-centric. You have to be customer-obsessed.

Presale coins like Big Eyes Coin and its Big Eyes Infinity presale know the customer, and they know the technology. They can tell when a customer isn’t getting the best use from a product. They’ll notice if new features aren’t working as billed. Ideally, they have a direct line back to the product team, so they can fix anything that isn’t working and develop new features customers need. They have what it takes to make customers successful in the long run.

The Preferred Method In Choosing The Best Meme Coin Presale

There are some standards that investors need to follow to choose the most appropriate meme coin presale. First of all, the investor needs to research the latest news regarding the coin and its features. An example of this is the launch of Big Eyes Coin V2 after going up by more than 40% within 7 days, or Shiba Inu gaining 9% of its market cap. The other thing that the investor needs to pay attention to is the fact that the history and success of a coin in the past are very important, and it will aid the investor in predicting the efficiency of the coin in the future.
Creating New Horizons For Novice Investors

Presales are designed for the benefit of the investor and the project, especially the meme coin presales, because they focus on the participation of the community to generate utility. Presales like Big Eyes Infinity focus on enhancing profits by promoting transparency and drawing insights from past errors. Additionally, $BIGINF tokens will be distributed to holders through an airdrop while also launching on a decentralised exchange (DEX) concurrently, aiming to maximise returns for the community.

 

Big Eyes Coin (BIG)

Website: https://bigeyes.space/

Telegram: Telegram: Contact @BIGEYESOFFICIAL

Instagram: https://www.instagram.com/BigEyesCoin/

Twitter: https://twitter.com/BigEyesCoin

 

Best Presales of 2023: Pikamoon, DogeMiyagi, and Wall Street Memes Emerge On Top

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The meme coin space has been searching for the finest presales of 2023. And, who wouldn’t, given that they are consistently presented with new assets that can’t seem to fulfill their promises of gains and utility, among many other factors?

Without a doubt, the meme coin world thrives on innovation. Only those with the audacity to disrupt the status quo and consistently engage the market get to stand out. Among the well-performing assets this year are Pikamoon (PIKA), DogeMiyagi (MIYAGI), and Wall Street Memes (WSM). Let’s delve into the reasons behind their successes.

The Karate-Inspired DogeMiyagi

DogeMiyagi (MIYAGI) stands as an ERC-20 token with an ambition to captivate meme coin enthusiasts with its diverse range of product offerings. To enhance this objective, it embraces a Japanese karate-inspired mascot, inviting investors to come closer and compelling them to stay engaged.

MIYAGI introduces a presale strategy that pledges a remarkable 1,100% return on investment for those initial investors who acquired its tokens during the first stage. The cumulative presale funds have now reached approximately $550K.

Currently, early adopters are securing an impressive 470% return on investment (ROI) from the stage one presale price. It’s important to note that this surge merely scratches the surface, representing only a small fraction of the total tokens. This implies that there’s still an open opportunity for anyone to join the DogeMiyagi journey and reap the upcoming benefits throughout the year.

Wall Street Memes’ Undeniable Force

Wall Street Memes is an intrinsically satirical cryptocurrency that emerged in the wake of the iconic GameStop era. With a mission to disrupt traditional banking through the power of memes, this leading presale cryptocurrency aims to deliver a remarkable 10x return to its growing market.

They’ve meticulously addressed all aspects, allocating substantial resources to marketing endeavors, offering substantial community incentives, and ensuring convenient access to WSM through both controlled and decentralized exchanges. $WSM has managed to make the elite of Wall Street seem mundane in comparison, as cryptocurrency giants pour their digital wealth and Elon Musk’s influence casts a constant gaze. Impressively, WSM achieved the sale of 100,000 tokens in under 30 minutes.

Pikamoon: En Route to the Moon

Pikamoon is a cryptocurrency project that has garnered attention within the blockchain and crypto community. At its core, Pikamoon aims to provide innovative solutions and value to its users. This includes its involvement in the world of Non-Fungible Tokens (NFTs), where it is offering NFTs to its top $PIKA holders as a form of recognition and reward. These NFTs hold significance within the Pikamoon ecosystem and could have varying levels of rarity and utility.

Additionally, Pikamoon has garnered attention through its participation in different platforms, one of which is its feature on CryptoSavingExpert. This platform highlighted Pikamoon and even organized a giveaway, demonstrating the project’s engagement with the community and its efforts to raise awareness. 

Choose Your Battle!

Investing in presale tokens offer a pathway to engage with projects in their early stages, pursue potential profits, and contribute to innovation in the blockchain and cryptocurrency sphere. Lately, Pikamoon, DogeMiyagi, and Wall Street Memes have cheekily raised the banner of the “most promising presales of 2023.” While waiting for certainty before taking action might safeguard your hard-earned funds, it also entails the risk of missing out on the opportunity to snag low-cost token that could yield substantial ROI. Which path would you take?

 

Website: https://dogemiyagi.com

Twitter: https://twitter.com/_Dogemiyagi_

Telegram: https://t.me/dogemiyagi

Crypto Regulations Soften Worldwide: Ripple, Cardano, And DogeMiyagi See Spike In Adoption Trend

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In October 2008, a group of cryptography experts and enthusiasts received an email from a person called Satoshi Nakamoto, introducing an electronic cash system named Bitcoin.

Although the mailing list consisted of individuals with cryptographic knowledge, it took nearly two months for Nakamoto to convince one of Bitcoin’s very first adopters to start mining the cryptocurrency.

Fast forward to 2023, when there are now 420 million crypto users worldwide.

Although the pace of crypto adoption was previously hampered by stringent global regulations in past years, recent times have witnessed a surge in cryptocurrency adoption as crypto regulations are gradually easing across the globe.

This trend has not only boosted the adoption rates of established currencies like Ripple (XRP) and Cardano (ADA), but new projects like DogeMiyagi (MIYAGI) are also experiencing a warm reception among people.

Ripple – Making Inroads Into The Asian Market

XRP, the cryptocurrency associated with the cross-border payment network Ripple, currently holds the position as the 5th largest cryptocurrency in the market.

According to a recent survey conducted by Finder across 27 countries, 15% of cryptocurrency users own XRP tokens. While the US takes the lead with the most crypto investors, XRP notably enjoys substantial popularity in the Asian region. This can be attributed to the ongoing case brought forth by the US SEC against XRP, classifying it as a security.

This legal action initially impeded XRP’s adoption trajectory in the US. However, in a recent development, Ripple achieved a partial victory in this case. As a result, crypto exchanges within the US are once again relisting XRP on their platforms, a move expected to propel its adoption rate further.

It is vital to note that the lack of regulatory clarity within the US is compelling various crypto companies to divert their focus from its market. Just a couple of months ago,  the SEC brought charges against Cardano, Polygon, Solana, and the crypto exchange Coinbase. The ongoing regulatory clampdown on the crypto industry by US regulatory authorities has created an environment that is less conducive for cryptocurrency operations.

Cardano – Leading The Cryptocurrency Adoption

The landscape of cryptocurrencies has undergone significant shifts in adoption rate since late 2020, with Cardano emerging as a front-runner in this transformative journey.

Despite its relatively recent launch just five years ago, Cardano’s native token ADA has rapidly risen to become the 8th largest token in the market. An article published in Banklesstimes.com highlights ADA’s remarkable trajectory, Showcasing a 40% surge in holdings during 2022. Impressively, statistics reveal that 76% of ADA holders acquired cryptocurrency within the last 12 months. It proves the robust pace of Cardano’s adoption.

While factors like the SEC’s charge against Cardano have the chance to influence its adoption rate within the US, the growing global interest in the crypto space has opened new avenues of opportunity.

Countries such as Germany, El Salvador, Switzerland, the United Arab Emirates, and Hong Kong have taken steps to ease crypto regulations, fostering an environment conducive to the flourishing industry.

Singapore has recently joined this list of crypto-friendly nations, granting a license to crypto exchange Blockchain.com.

This influx of new businesses is poised further to amplify the growth of established cryptocurrencies like Cardano.

DogeMiyagi – Gaining Sky-High Traction

As nations adjust their approach to crypto regulations, even new crypto projects like DogeMiyagi are witnessing significant interest from potential investors. Built on the Ethereum blockchain, DogeMiyagi has already reached the end of its fifth presale stage.

DogeMiyagi has skillfully integrated elements from the beloved Karate Kid movies, particularly the iconic character of Mr. Miyagi, into the essence of the coin’s crypto identity. By tapping into the widespread recognition and genuine fondness connected with the movies, this strategy adeptly captures the interest of potential users.

The foundation of DogeMiyagi’s ecosystem is its native token MIYAGI. The project team also plans to launch NFTs and crypto exchanges, demonstrating their wide-ranging engagement in the crypto industry.

To boost demand and adoption of the MIYAGI token, DogeMiyagi has introduced a referral scheme. Investors can invite friends and family to join the MIYAGI community and earn a 10% commission on their investment.

Conclusion

The growing awareness of blockchain and the ease of crypto regulations drive widespread adoption worldwide. The adoption rate of XRP and Cardano serves as a testament to this trend. In the meantime, the innovative project DogeMiyagi is gaining substantial traction due to its visionary approach and commitment to seamless services.

If you are new to the crypto market, consider starting with DogeMiyagi’s attractive presale offer.

 

DogeMiyagi:

Website: https://dogemiyagi.com

Twitter: https://twitter.com/_Dogemiyagi_

Telegram: https://t.me/dogemiyagi