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Bitcoin (BTC) News Flash: Analyst Believe it Will Rise by 40% By June, HedgeUp (HDUP) and Dogecoin (DOGE) Become Market Favourites. Heres why

By
TI Partners
-
0

The vicissitudes of the crypto market never cease to amaze. From fluctuating price charts to the sudden influx of new cryptocurrencies, the ecosystem thrives on a cocktail of innovation, risk, and high-reward opportunities. In this latest turn of events, we find Bitcoin (BTC), the pioneer of cryptocurrencies, poised for a significant surge, while HedgeUp (HDUP) and Dogecoin (DOGE) are gaining popularity as market favourites.

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Bitcoin (BTC) on the Rise

 Bitcoin (BTC) has always been the barometer for the crypto market’s health. Recent analyses suggest a bright future for the granddaddy of cryptocurrencies. Analysts have given a bullish forecast, predicting that BTC will witness a 40% rise by June. This optimism stems from the crypto’s intrinsic value, its growing adoption rate, and the increasing number of institutional investors.

HedgeUp (HDUP): A Rising Star

While Bitcoin (BTC) continues to hold its ground, new players are making waves in the market. HedgeUp (HDUP), a DeFi platform, is one of them. It has managed to grab the spotlight thanks to its innovative approach to democratizing finance. Its high-yield farming opportunities and comprehensive financial services are making it a preferred choice for investors looking for sustainable growth.

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 Dogecoin (DOGE): The Meme Coin That Could

Dogecoin (DOGE), the meme coin that started as a joke, has also made it to the list of market favourites. Its meteoric rise in 2021 demonstrated the power of community support and social media influence in the crypto space. Despite its volatile nature, Dogecoin (DOGE) has a loyal fan base that believes in its long-term potential.

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 Why Are They Market Favourites? 

The reasons behind the popularity of Bitcoin (BTC), HedgeUp (HDUP), and Dogecoin (DOGE) are as diverse as the cryptos themselves. Bitcoin’s enduring appeal lies in its status as the original cryptocurrency and its broad market acceptance. HedgeUp’s success can be attributed to its fresh approach to DeFi, providing users with the tools to control their financial future. Dogecoin, on the other hand, owes its fame to its vibrant community and its position as the ‘people’s crypto.’

These three cryptos represent the diversity of the market: the established leader, the innovative newcomer, and the wildcard. Their rising popularity shows how varied investment strategies can coexist in the dynamic world of cryptocurrencies. As we move forward, it will be fascinating to see how these favourites continue to shape the market landscape.

For more information about HedgeUp (HDUP) presale use the links down below:

 

  • Website: https://hedgeup.io/
  • Presale: https://app.hedgeup.io/sign-up
  • Twitter: https://twitter.com/HedgeUpOfficial

Must Have Crypto Tokens Less than $1, HedgeUp (HDUP), Shiba Inu (SHIB) and Dogecoin (DOGE)

By
TI Partners
-
0

With the cryptocurrency markets consistently bringing forth a wealth of opportunities, affordable coins that deliver substantial returns are a hot topic. Here are three must-have crypto tokens priced under $1 that are creating a buzz: HedgeUp (HDUP), Shiba Inu (SHIB), and Dogecoin (DOGE).

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HedgeUp (HDUP) – The DeFi Dynamo

HedgeUp (HDUP) is making waves in the decentralized finance (DeFi) space. This token offers a unique approach to yield farming and wealth generation. Despite its recent entry into the market, HedgeUp (HDUP) has managed to create a significant impression, raising $1.4 million in its stage 3 presale. Its affordable price, combined with the potential for high returns, makes it a must-have token for investors looking for opportunities under $1.

Shiba Inu (SHIB) – The Meme Coin with a Difference

Shiba Inu (SHIB) started as a meme coin but has managed to carve out a place for itself in the crypto sphere. Despite being priced well under $1, SHIB has exhibited an impressive growth trajectory. It’s not just the price that makes SHIB attractive; it’s the strong community backing it and the growing ecosystem around it, including its very own decentralized exchange, ShibaSwap. 

Dogecoin (DOGE) – The Original Meme Coin

Dogecoin (DOGE), the coin that started the meme coin revolution, continues to be a favorite among many investors. Initially created as a joke, DOGE has come a long way, backed by a robust community and high-profile endorsements, including that of Elon Musk. Priced under $1, DOGE offers an opportunity for investors to enter the crypto market without making a significant initial investment.

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 Affordability and Potential – A Winning Combination

The attraction of these tokens lies not just in their affordability but also in their potential for delivering substantial returns. Their low entry price allows investors, especially those new to the crypto market, to diversify their portfolios without committing large amounts of capital.

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The Future Looks Promising

 As the crypto market continues to evolve, tokens like HedgeUp (HDUP), Shiba Inu (SHIB), and Dogecoin (DOGE) are demonstrating that price isn’t always an indicator of potential. These tokens represent a new wave of cryptocurrencies that offer affordability and a strong growth trajectory.

It’s important to note that while these tokens are priced under $1, they have shown resilience in a volatile market and have strong community support. This combination of factors makes them attractive investment options for both new and seasoned investors.

In conclusion, as the world of cryptocurrency continues to grow and evolve, the potential for coins priced under $1 like HedgeUp (HDUP), Shiba Inu (SHIB), and Dogecoin (DOGE) can’t be ignored. They offer an affordable entry point into the crypto market and the potential for substantial returns, making them must-have tokens for investors. Always remember, though, every investment comes with its own set of risks, and it’s vital to do your due diligence before diving in.

For more information about HedgeUp (HDUP) presale use the links down below:

 

  • Website: https://hedgeup.io/
  • Presale: https://app.hedgeup.io/sign-up
  • Telegram: https://t.me/HedgeUpChat
  • Twitter: https://twitter.com/HedgeUpOfficial

MTN Plans to Increase Tariff in Selected African Markets as Inflation Bites Harder

By
Ojukwu Emmanuel
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0

Telecommunications giant MTN has revealed plans to increase its Tariff in South Africa, Nigeria, and other selected African markets as inflation bites harder.

In its recently released first quarter (Q1) report, the company revealed that the decision is to cushion the effect of inflation which rose from 11.5 percent last year to 18.5 percent in the Q1 of 2023.

The company’s group president and CEO Ralph Mupita disclosed that MTN’s resilient business model and operational execution have enabled it to continue to successfully navigate difficult macroeconomic, geopolitical, and regulatory conditions in the first quarter of 2023.

Speaking on its outlook for the rest of 2023, MTN said, “We anticipate that trading conditions across markets will remain challenging for the remainder of 2023 and we will continue to execute on our proactive measures to manage the near-term challenges and risks.

“Within this environment of elevated inflation, implementing selective price increases across the portfolio remains a critical priority to ensure that operations generate sufficient cash flows to fund future capital expenditure needed for building world-class networks. We will continue to have the necessary engagements with the regulatory authorities on such needed increases.”

The blended inflation across the company’s footprint remained elevated and averaged 18.5% in Q1 2023, compared to 11.5% in Q1 2022. Interest rates increased during the period as central banks acted to curb inflation. Higher inflation and interest rates weighed on consumers’ spending power and impacted business activity.

In South Africa, MTN network availability remained under pressure due to ongoing power outages across the country. There were approximately 90 days of load shedding in Q1 2023 compared to 14 days in Q1 2022.

Against this challenging backdrop in South Africa, the company continued to implement proactive measures to sustain top-line growth and mitigate against inflationary pressure. In support of these interventions, it invested R6.4 billion in its networks and platforms in Q1 2023.

Aligned with the company’s portfolio optimization focus within its Ambition 2025 strategy, MTN continuously assesses its investments to improve returns and reduce risk.

In line with this, the telecoms giant is planning an orderly exit of three operations in West Africa, which are MTN Guinea-Bissau, MTN Guinea-Conakry, and MTN Liberia. In this regard, the company has received an offer for its assets from Axian Telecom, which is being evaluated.

As it looks to manage the current challenging trading environment, MTN has disclosed that it will remain focused on implementing certain initiatives to continue expanding its connectivity and platform ecosystems to sustain growth.

In Nigeria, the company will focus on enhancing network capacity, accelerating 4G, 5G, and rural coverage, as well as driving home broadband to sustain growth in data traffic. For its fintech subsidiary MoMo PSB, the company is focused on developing the agent and merchant ecosystem that will support the growth of the wallet base and position the MoMo to be a material contributor to the growth of the group fintech business over the medium-term.

Nigeria’s Federal Executive Council Approves N3.4bn Consultancy Fee for Construction of Airports’ Runway

By
Samuel Nwite
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0

The federal executive council (FEC) has approved the sum of N3.4 billion as consultancy fee for the construction of a second runway at the Nnamdi Azikiwe International Airport (NAIA), Abuja and others.

This was disclosed by the presidential spokesperson, Garba Shehu, on Wednesday, after the FEC meeting presided by Vice-President Yemi Osinbajo.

The airports are Murtala Mohammed (Lagos), Nnamdi Azikiwe (Abuja), Mallam Aminu Kano (Kano), Port Harcourt, Owerri, Benin, Enugu, Maiduguri, Yola, Kaduna, Calabar, Ilorin, Sokoto, Ibadan, Jos, Akure, and Katsina.

Shehu said the council also approved N449.9 million for the engagement of consultants for the development of a master plan for 17 airports in Nigeria.

FEC had approved N92.123 billion for the construction of the second runway in March last year.

The consultancy fund approval, which comes as President Muhammadu Buhari seeks the approval of lawmakers for a fresh $800 million loan from the World Bank, has stirred backlash. The federal government says the loan will be distributed to poor and vulnerable Nigerians across the country to ameliorate the impact of the proposed fuel subsidy removal.

The federal government is being criticized for lavish spending in the face scarcity that has heightened the country’s public debt profile to near unsustainable degree.

On Wednesday, the Budget Office raised alarm over Nigeria’s rising debt, saying it has put the country in a limited borrowing space due to its poor debt-to-revenue ratio, which spells trouble.

The situation was compounded by the crisis in the oil sector, which has limited revenue generation to the federal government’s purse. The crisis, which centers on low crude oil price and insufficient oil output owing to theft, saw Nigeria depending mainly on revenue from the non-oil sector and borrowing to fund its budgets.

Nigeria’s Crude oil output as of April 2023 has fallen to just 998,602 bpd, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).

Against this backdrop, spending as much as N3.4 billion on consultancy is seen as a display of recklessness at a time that is most-required frugality…

Financial expert, Kalu Aja, said the FEC’s decision shows that “Nigeria has a spending problem, not a revenue problem.”

Meanwhile, the presidential spokesperson said FEC also approved N90 billion for the completion of various roads totaling over N125 billion.

According to Shehu, over N33 billion was approved for the completion of some major roads in Borno, Adamawa, Kogi, Delta, Ondo, Ogun, and Benue states.

He noted that N10.3 billion was approved for the construction of a multi-storey office complex of the Federal Inland Revenue Service (FIRS) in Lagos.

Shehu said the council also approved the establishment of the National Institute for Domestic Security at Irogbo-Ilesa, Osun state, which had a budgetary provision of N285 million in 2022 and N360 million in 2023.

Musk Said He’s Found Twitter CEO, Expected to Start in 6 Weeks

By
Samuel Nwite
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0

Twitter CEO Elon Musk said Thursday that the social media company has got a new CEO that will start running it in about six weeks.

He said that he will move to a product and technical role and would transition “to being exec chair & CTO, overseeing product, software & sysops.”

Musk started searching for who will take the CEO role late last year, not long after he purchased Twitter. In a Twitter poll he conducted in December asking users if they would like him to continue running the platform, 57.5% of responders voted for him to step down as CEO of the social media platform.

“I will resign as CEO as soon as I find someone foolish enough to take the job!” Musk had said then.

The entrepreneur, who is also the CEO of other companies such as electric vehicle maker Tesla and reusable rocket maker SpaceX, has come under severe criticism over how he was handling the social media platform.

Musk also came under intense pressure from Tesla shareholders who said his focus on Twitter was heavily impacting the electric vehicle company.

Tesla shares slumped as much 65% in 2022 as Musk concentrated on revamping Twitter, selling his Tesla shares to fund the social media company’s acquisition.

In April, a host of progressive Tesla shareholders publicly urged Tesla’s board to ensure that Musk would dedicate more time to the automobile company.

Tesla shares jumped more than 2% at the news that Twitter is getting a new CEO.

“The boat anchor called Twitter is loosened from Musk’s ankle. Now he can get back to spending more time creating value at Tesla,” Craig Irwin, analyst at Roth MKM, said.

Musk paid $44 billion for Twitter takeover and has been fighting to make the platform profitable with newly-introduced changes, which includes the monetization of verification. He also laid off more than half of Twitter’s workforce in a cost-cutting move he initiated last year.

Though Musk said that Twitter has significantly overcome its financial woes, the company’s bad days are not yet over. Twitter makes more than 90% of its revenue from ads, but has witnessed mass exodus of advertisers owing to the many changes introduced by Musk which did not augur well with many companies.

Musk is also planning to create a super app dubbed X, which will put many of its businesses, including Twitter, together. Last month, it was revealed that the social media company is partnering with eToro – a social trading company, as Musk continues to explore other ways to generate revenue. The partnership is expected to deepen Twitter’s push to offer financial services.

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