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JPMorgan says Bitcoin ETF Approval unlikely to be a ‘Game Changer’

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JP Morgan Chase puts contents through its CEO account, it goes viral. But the same content via JPMC account, no one cares (WSJ)

The recent approval of the first bitcoin exchange-traded fund (ETF) in the US has been hailed as a historic milestone for the cryptocurrency industry, but JPMorgan analysts are not convinced that it will have a significant impact on the market.

In a note to clients, the bank’s global markets strategy team said that the bitcoin ETF, which tracks the performance of bitcoin futures contracts rather than the spot price of bitcoin, is unlikely to be a “game changer” for several reasons.

First, they argued that the bitcoin futures market is already well developed and liquid, with an average daily volume of about $5 billion in September, compared to $1.6 billion for the spot market. Therefore, the ETF does not offer much additional exposure or convenience for investors who want to gain exposure to bitcoin.

Second, they pointed out that the bitcoin futures contracts have a negative roll yield, meaning that investors have to pay a premium to roll over their contracts as they expire. This creates a drag on the performance of the ETF, which could discourage long-term investors from holding it. The analysts estimated that the annualized cost of rolling over the futures contracts could be as high as 10% for the ETF.

Third, they suggested that the bitcoin ETF could face competition from other products that offer exposure to the spot price of bitcoin, such as Grayscale Bitcoin Trust (GBTC) or exchange-traded notes (ETNs). These products could have lower fees and more tax advantages than the ETF, which could attract more investors.

The analysts concluded that while the bitcoin ETF approval is a positive development for the cryptocurrency industry, it is unlikely to have a major impact on the demand and supply dynamics of bitcoin. They said that the main drivers of bitcoin’s price are still macroeconomic factors, such as inflation expectations, risk appetite, and regulatory developments.

Stock Market Booming to Create More Investment: What Do Tesla, Nio, and BEASTS Coin Have To Say?

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Regardless of how the world turns out, being profitable remains the most common factor for any human. With the stock market climbing since the COVID fiasco, things seem brighter for the economy. A prime example is the most significant player is Tesla. Being one of the most profitable businesses, the stock has produced higher yields, benefiting all invested. And since competition is always good for business, another contender, Nio, has started competing with Tesla in the EV vehicle market. And the battle has been brutal. Nio is up by 3%, and 10,707 automobiles were handed over in June, a rise from 6,155 in May, according to Nio. As of June 30, the company has reported 23,520 total deliveries for the second quarter, bringing the overall number of deliveries to 344,117.

The question arises whether such potential can be expected in the digital market, specifically for altcoins such as BEASTS Coin. If so, how can you increase and earn more? We shall answer these questions by comparing Tesla and Nio with the acclaimed BEASTS Coin.

Tesla: Revolutionizing the Electric Vehicle Industry

Tesla, led by visionary entrepreneur Elon Musk, has become synonymous with electric vehicles. The company’s unwavering commitment to innovation and sustainability has propelled it to the forefront of the EV market. Tesla’s stock prices have grown significantly, and its recent second-quarter deliveries surpassed expectations, leading to a 6% premarket stock jump.

With an expansive product lineup, including the popular Model S, Model 3, Model X, and Model Y, Tesla caters to various consumer segments. The company’s focus on performance, range, and cutting-edge autonomous driving technology has captured the imagination of car enthusiasts worldwide. Tesla’s dedication to building a global network of Supercharger stations further reinforces its commitment to revolutionizing the transportation industry.

Nio: China’s Answer to Tesla’s Dominance

While Tesla dominates the global EV market, Nio, a Chinese electric vehicle manufacturer, has emerged as a formidable competitor. Nio’s sales figures for June indicate a surge in demand for electric cars as the market rebounds. The company’s strong presence in China and commitment to technological advancements have solidified its position as a significant player in the EV industry.

Like Tesla, Nio offers a range of electric vehicles, including the ES6, ES8, and EC6. Nio differentiates itself through innovative features like swappable batteries, advanced driver-assistance systems, and a unique battery-as-a-service (BaaS) program. This approach provides customers flexibility and convenience, enhancing Nio’s appeal in the Chinese market.

BEASTS Coin: Expanding the Frontiers of Passive Income

The BEASTS Coin initiative stands out for its cutting-edge community involvement strategy. The growing community of the project is enthralled by the new captive beasts that Rabbit 4001 unveils with each presale stage. Early investors experience anticipation due to the creation of the creatures supported by the money acquired during these presales.

Furthermore, BEASTS Coin has a unique referral program that rewards people in the community for telling their friends about the project. Participants can make 20% of the referred buyer’s purchase value by creating personal referral codes and recommending new customers. This recommendation mechanism encourages community growth and develops a sense of togetherness.

What could it mean?

While Tesla and Nio operate in the electric vehicle sector, they differ in geographical reach and market positioning. Tesla’s global presence and innovative brand image have solidified its status as a market leader, whereas Nio’s strong foothold in China provides a foundation for expansion into international markets. Both companies drive the adoption of electric vehicles but cater to different demographics and markets.

On the other hand, BEASTS Coin represents a unique opportunity for investors to explore the world of cryptocurrencies and passive income generation. Although distinct from Tesla and Nio, BEASTS Coin aligns with the broader trend of seeking alternative investment options. By capitalizing on the growing interest in cryptocurrency, BEASTS Coin introduces a fresh perspective for finance-savvy individuals aiming to diversify their portfolios.

To seize this opportunity, consider buying BEASTS tokens during its presale stage and share your unique referral code to unlock the potential of passive income. As the world embraces sustainable transportation and alternative investment options, the combination of Tesla, Nio, and BEASTS Coin provides a dynamic landscape for investors seeking a money-driven lifestyle.

 

BEASTS Coin (BEASTS):

Website: https://cagedbeasts.com

Twitter: https://twitter.com/CAGED_BEASTS

Telegram: https://t.me/CAGEDBEASTS

Top 3 Crypto Presales With Lucrative Returns Over 1,000%: Explore DigiToads, Wall Street Memes and DogeMiyagi

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The crypto market is filled with hidden gems waiting to be discovered by savvy investors. Among the multitude of projects, DigiToads, Wall Street Memes, and DogeMiyagi have emerged as intriguing presales, capturing the attention of crypto enthusiasts worldwide. These presales stand out, offering unique value propositions and the potential for extraordinary returns.  

Strong Presale Backing for DigiToads

DigiToads, a revolutionary community-centric meme coin, has been gaining significant attention in the crypto market. With a unique focus on utility and community-driven initiatives, DigiToads has managed to raise an impressive $5.8 million in its presale. This strong backing is a testament to the growing interest in meme coins that offer more than just speculative value.

DigiToads stands out from typical meme coins by providing a variety of use cases. The project offers an ecosystem that includes NFTs, Staking, and a Play-to-Earn (P2E) gaming platform, all designed to provide tangible benefits to its community members. By embracing the concept of an open economy, DigiToads aims to empower its users to earn, stake, play, and connect within the crypto space.

Wall Street Memes Community in Full Effect

Another presale that has caught the attention of crypto enthusiasts is Wall Street Memes (WSM). Born from the influential Reddit community known as WallStreetBets, WSM aims to promote decentralisation and empower individuals in the crypto market. The strong community backing behind WSM has contributed to its success, with over $4 million raised during its presale phase.

The Wall Street Memes community has garnered a reputation as “The Robin Hoods of The Stock Market” for challenging centralisation in the trading industry. Now, their foray into the meme coin market with WSM demonstrates their commitment to decentralisation and community-driven initiatives.

DogeMiyagi: Attracting Cult Followings

DogeMiyagi (MIYAGI) is another presale gem that has captured the attention of crypto investors. Combining the beloved Doge meme with the iconic Mr Miyagi from The Karate Kid movie franchise, DogeMiyagi has attracted a cult following. The integration of cultural icons has resonated with enthusiasts, adding a unique appeal to this meme coin.

Beyond its cultural appeal, DogeMiyagi offers more than just memes. Built on the Ethereum platform using the Proof-of-Stake (PoS) mechanism, DogeMiyagi enables fast and cost-effective transactions, making it a practical option for DeFi enthusiasts. Additionally, the project offers a referral program that incentivises community engagement and growth, allowing users to earn rewards in DogeMiyagi tokens.

The Meme Coin with The Greatest Incentives

DigiToads, Wall Street Memes, and DogeMiyagi are three presales that have generated significant buzz due to their unique features and strong community backing.

DigiToads sets itself apart by offering a range of utility-driven features, including NFTs, Staking, and a P2E gaming platform. Wall Street Memes leverages its influential community to promote decentralisation, while DogeMiyagi combines cultural icons with practical utility.

As the crypto market continues to evolve, these presales present lucrative opportunities for investors seeking the next big crypto investment. However, readers must conduct thorough research and due diligence before investing in cryptocurrency.

To learn more about these presales and how to participate, visit the official websites and explore the various resources available. Stay informed and seize the opportunities presented by these innovative meme coins with utility.

 

DogeMiyagi:

Website: https://dogemiyagi.com

Twitter: https://twitter.com/_Dogemiyagi_

Telegram: https://t.me/dogemiyagi

Scorpion Casino vs. Wild.io and Red Dog Casino: The Future of Crypto Gambling

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The casino industry has long been dominated by traditional brick-and-mortar establishments, making it difficult for outsiders and newbies to enter the market. However, with the rise of Web3 casinos, the barriers to entry are being broken down, opening up new opportunities for both experienced gamblers and those looking to explore the world of online crypto gambling.

In this article, we will delve into the exciting realm of Web3 casinos, focusing on one standout example, Scorpion Casino (SCORP), and how it revolutionises the concept of crypto gambling. We will also compare it to Wild.io and Red Dog Casino to highlight the unique features and advantages of Web3 casinos over boring old online casinos in the world of gambling. 

Scorpion Casino: Redefining Crypto Gambling

Scorpion Casino stands as a shining example of what Web3 casinos have to offer to experienced gamblers. Combining the power of blockchain technology and cryptocurrency, Scorpion Casino provides a platform that is not only secure but also offers unique advantages. Unlike traditional casinos, which often require substantial capital and industry connections to launch, Scorpion Casino leverages the decentralised nature of Web3 to provide an accessible and user-friendly gambling experience. Furthermore, with Scorpion Casino’s native token, SCORP, there is the opportunity to earn up to $10,000 daily passive income, with every token holder profiting from the casino’s performance. 

Wild.io: Exploring the Wild Side of Crypto Gambling

While Scorpion Casino offers a premium Web3 gambling experience, Wild.io takes a slightly different approach. As an innovative player in the market, Wild.io aims to capture the thrill of traditional gambling with a modern twist. With a wide range of games and an emphasis on user experience, Wild.io caters to experienced gamblers who seek a seamless transition from traditional casinos to the realm of cryptocurrency gambling. While not explicitly Web3-focused like Scorpion Casino, Wild.io still integrates elements of blockchain technology and cryptocurrency to enhance its offerings. 

Red Dog Casino: Bridging the Gap

Red Dog Casino represents a different facet of the online gambling world, operating as a traditional online casino that also embraces cryptocurrencies. While it may not fully embody the Web3 concept, Red Dog Casino acknowledges the growing popularity and potential of cryptocurrencies by accepting Bitcoin and other digital currencies as payment methods. This inclusion allows experienced gamblers to enjoy their favourite casino games while exploring the benefits of crypto transactions. 

Advantages of Web3 Casinos: Unlocking New Possibilities

Web3 casinos, such as Scorpion Casino, introduce a range of advantages that are particularly appealing to experienced gamblers seeking a competitive edge and unique gaming experiences. These advantages include:

  • Security and Transparency: Utilising blockchain technology, Web3 casinos offer enhanced security and transparency. Every transaction is recorded on the blockchain, ensuring fairness and eliminating concerns of manipulation or fraud.
  • Accessibility and Inclusivity: Web3 casinos break down the barriers to entry, making gambling accessible to individuals who may not have access to significant capital, contacts, or industry experience. This inclusivity opens up a world of opportunities for both experienced gamblers and newcomers.
  • Decentralisation: Web3 casinos leverage the decentralised nature of blockchain technology, eliminating the need for intermediaries and allowing for peer-to-peer transactions. This decentralisation provides a level of control and ownership that traditional casinos cannot match.
  • Anonymity: Cryptocurrency transactions offer a certain degree of anonymity, allowing users to enjoy gambling without revealing personal information. This privacy is highly valued by experienced gamblers seeking discretion.

 The Future of Crypto Gambling: Embracing Web3 Casinos

The emergence of Web3 casinos, exemplified by Scorpion Casino, has ushered in a new era of possibilities for experienced gamblers. The advantages of security, accessibility, decentralisation, and anonymity offered by Web3 casinos are revolutionising the gambling industry. As the popularity of cryptocurrencies continues to rise, more players are embracing the convenience and unique opportunities presented by Web3 casinos.

Scorpion Casino, with its seamless integration of blockchain technology and cryptocurrency, showcases the potential of Web3 gambling. By providing a platform that is open to all, regardless of their financial resources or industry connections, Scorpion Casino is democratising the gambling experience. With crypto gambling, xperienced gamblers can now explore a world of exclusive opportunities, high rewards, and unique gaming experiences without traditional barriers.

In conclusion, Web3 casinos like Scorpion Casino are transforming the gambling industry by providing a secure, accessible, and decentralised platform for experienced gamblers. The advantages of Web3 gambling, including enhanced security, transparency, accessibility, and anonymity, are reshaping the way people approach online gambling. Whether it’s the premium experience of Scorpion Casino, the seamless integration of Wild.io, or the inclusion of cryptocurrencies in Red Dog Casino, the future of crypto gambling lies in the realm of Web3 casinos.

 

Scorpion Casino:

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

Website: https://scorpion.casino/Casino

Instagram: https://www.instagram.com/scorpion.casino

Can XRP Reach $500 And Steal The Limelight From Big Eyes Coin & Cardano?

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In the world of cryptocurrencies, Cardano and Big Eyes Coin (BIG) have emerged as key players, each offering unique features and captivating the attention of investors and meme coin enthusiasts alike. However, In the midst of this battle for superiority, XRP (commonly known as Ripple) is also trying to catch up.

This article aims to analyse the similarities and differences between the two digital assets named Cardano & Big Eyes Coin, exploring how they navigate the volatile crypto market. Additionally, we will take a closer look at the chances of XRP reaching $500 amidst an extremely turbulent crypto market.

Ripple: Dissecting The Future Of XRP

Ripple, the blockchain-based payment protocol, has been a significant player in the cryptocurrency industry for quite some time. With its primary focus on facilitating fast, low-cost international money transfers, Ripple aims to revolutionise the way financial institutions conduct cross-border transactions. Unlike traditional cryptocurrencies, Ripple operates on a consensus algorithm, making it more scalable and efficient.

One notable similarity between Ripple and Big Eyes Coin is their potential for explosive growth. Ripple’s price has experienced high volatility around the crucial resistance level of $0.5, leading to the formation of a bearish double-top reversal pattern. This resulted in a significant decline, breaking below the critical support level represented by the 100-day moving average. However, with the current retracement back to the previously broken level at $0.485, a potential decline towards the next crucial support region is anticipated. This region encompasses the substantial support of the 200-day moving average at $0.4328, as well as the static support zone at $0.42. These price fluctuations offer both risks and opportunities for investors looking to capitalise on Ripple’s future potential.

Big Eyes Coin: Unleashing The Power Of Meme Coins

In contrast to Ripple’s focus on cross-border transactions, Big Eyes Coin has rapidly gained attention for its unique positioning as a meme coin with utility. Breaking presale records of the past decade, Big Eyes Coin secured listings on major exchanges within its first week, igniting excitement across the crypto universe. Exchanges such as LBank, OKX, Uniswap, and Poloniex welcomed this formidable player, solidifying its position in the coin index.

Big Eyes Coin’s success can be attributed to its robust financial foundation, bolstered by an incredibly successful presale worth approximately $50M. This impressive feat has allowed the project to embark on an ambitious 24-month roadmap, aiming to conquer ten exchanges. Additionally, Big Eyes Coin offers an extraordinary gaming experience through its captivating Big Eyes Casino, featuring over 4,000 thrilling games. Players have the opportunity to play-to-earn and win $BIG tokens, enhancing the utility and entertainment value of the coin.

Cardano: The Next Breakout Star

While Ripple and Big Eyes Coin battle for dominance, it’s important to mention Cardano as a notable contender in the crypto market. Positioned uniquely with its smaller price and highly functional developer ecosystem, Cardano exhibits deep correlations with Bitcoin (BTC). This correlation, combined with its potential for significant price breakout, makes Cardano an intriguing option for investors seeking growth opportunities.

In conclusion, Ripple, Big Eyes Coin, and Cardano each offer distinct features and value propositions within the crypto industry. Ripple’s focus on revolutionising cross-border transactions, Big Eyes Coin’s rise as a meme coin with utility and impressive gaming offerings, and Cardano’s smaller price and promising developer ecosystem present unique opportunities for investors.

As the crypto market continues to evolve, keeping a close eye on these digital assets can be beneficial for meme coin lovers and investors seeking growth potential. Whether one chooses to dive into Ripple’s turbulent yet potentially rewarding journey, explore the thrilling world of Big Eyes Coin and its captivating gaming experience, or consider Cardano’s potential breakout, the decision ultimately lies with the individual investor.

 

All About Big Eyes Coin (BIG):

Website: https://bigeyes.space/

Telegram: Telegram: Contact @BIGEYESOFFICIAL

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

Twitter: https://twitter.com/BigEyesCoin