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What’s Next For These Altcoins? Polygon (MATIC) Drops 4%, Solana (SOL) Drops 4%, HedgeUp (HDUP) Beats The Odds with 400% Gains

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The wild west of cryptocurrencies always keeps investors on their toes, with fortunes being made and lost overnight. The unpredictable nature of this new financial frontier is encapsulated perfectly in the recent performances of altcoins, notably Polygon (MATIC), Solana (SOL), and the rising star HedgeUp (HDUP). The market’s dynamic landscape saw the former two experiencing a drop, while HedgeUp challenged the norm with a stunning 400% gain.

Polygon (MATIC): A Temporary Lull in an Upward Journey?

Renowned for its capability of scaling the Ethereum network by utilizing a novel Layer 2 sidechains solution, Polygon (MATIC) has caught the attention of many within the crypto sphere. However, despite its innovative approach and broadening acceptance, MATIC, Polygon’s native token, recently experienced a 4% dip.

This drop, while significant, could be part of the regular ebb and flow that characterizes the crypto market. As investors weigh the potential of Polygon’s (MATIC) technology against the realities of a volatile market, the current dip could potentially be an attractive entry point for those who believe in Polygon’s (MATIC) long-term potential. 

Solana (SOL): Weathering the Storm

Solana (SOL), another promising player in the crypto space, also encountered a similar 4% dip. With its high-performance blockchain promising quick transaction times at a fraction of the cost of its competitors, Solana (SOL) has been on the radar of many discerning investors.

This recent price drop, while disconcerting to some, could be a part of the broader market trend or a reflection of temporary market sentiment. Yet, for believers in Solana’s (SOL) technology and its potential to revolutionize blockchain efficiency, this could present a buying opportunity.

HedgeUp (HDUP): A Maverick in the Market

Against the odds and current market trends, HedgeUp (HDUP) displayed a noteworthy divergence. The asset-backed token saw an extraordinary 400% gain, demonstrating that strategic innovation can yield impressive results, even in a challenging market.

HedgeUp’s (HDUP) unique approach of integrating the stability of tangible assets into the fast-paced world of crypto trading provides an appealing alternative for investors. This model has clearly resonated with the market, as evidenced by the impressive rally. If HedgeUp (HDUP) can sustain its performance and continue to appeal to risk-averse investors, its market standing could continue to strengthen.

Conclusion – The Dance of Altcoins

The world of altcoins is a dynamic stage, with each player dancing to its own tune. The recent performances of Polygon (MATIC), Solana (SOL), and HedgeUp (HDUP) have once again shown that the crypto market is full of surprises. While Polygon (MATIC) and Solana (SOL) grapple with a temporary dip, their technological potential remains undiminished, and they may yet see further upside.

Meanwhile, HedgeUp (HDUP) serves as a testament to the potential rewards of market innovation. Its recent rally underscores the fact that strategic differentiation, when resonating with investors, can generate significant market momentum.

As the crypto market continues to evolve, keeping a watchful eye on these three altcoins could prove insightful. They embody the exciting blend of innovation, resilience, and opportunity that makes the crypto space an intriguing realm for investors.

 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

Telecoms Industry Contributed N2.508trn to Nigeria’s GDP in Q1 2023 – NCC

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The telecommunications and information services sector made a significant contribution of N2.508 trillion to Nigeria’s Gross Domestic Product (GDP) in the first quarter of 2023, according to a statement released by Dr. Reuben Muoka, the Director of Public Affairs at the Nigerian Communications Commission (NCC).

The figures provided by the National Bureau of Statistics (NBS), which accounts for 14.13% of the total GDP, indicate a 4.3% increase compared to the sector’s performance in the previous quarter of 2022 when it contributed 13.55% to the GDP.

“On a year-on-year basis, the growth rate showed a positive progression from 12.94% in the first quarter of 2022 to the 2023 figure of 14.13%, reflecting a substantial growth rate of approximately 9.19%,” the statement said.

The calculation of the telecoms industry contribution to GDP was derived from 46 different sectors of the economy that fall under the telecoms and information services domain.

The Nigerian telecom industry has consistently demonstrated a positive outlook, which can be attributed to the innovative and consistent regulatory environment established and implemented by the NCC.
During the covid pandemic, which saw the economic struggles against shocks to stay afloat, the telecom served as the federal government’s cash cow as other sectors of the economy plummeted under the heat.

In the first quarter of 2023, the federal government generated $820.8 million in revenue from the payment of 5G spectrum license fees by three operators: MTN, MAFAB, and Airtel.

MTN and MAFAB received their licenses in December 2021 and subsequently launched 5G services, while Airtel, which obtained its license in December 2022, is scheduled to launch its services in June.
Mouka noted that another significant development in the sector was the introduction of Starlinks broadband services, a wireless broadband service based on satellite technology, with the potential for nationwide coverage. This was made possible through the issuance of a license to SpaceX, owned by Elon Musk. The services are now available in various parts of the country.

The telecoms industry’s growth statistics highlight its impressive contributions to the economy.

As of April 2023, the number of phone subscribers reached 223.6 million, resulting in a tele density of 117%. Internet subscribers for the same period amounted to 157 million, while broadband subscriptions stood at 92 million, representing a broadband penetration rate of 48% in the country, according to Muoka.

Tesla most Traded Stock in UK; Binance Declines in Price

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Tesla is the most traded share across the United Kingdom, according to new +Insights data from May 1, 2022, until April 30, 2023. The data extracted from Plus500’s new and exclusive trading feature, +Insights, sheds light on the most traded instruments on Plus500’s CFD trading platform over the past 12 months.

From May to April, the UK’s most traded share is Tesla. In second and third place is Amazon and NIO, respectively. Most of the top ten are technology and auto manufacturing companies, occupying three places each.

The UK’s most traded technology stocks are Meta, Apple, and Snap. The three auto manufacturing companies are Tesla, NIO, and Rivian. The rest comprises Amazon, Coinbase, Aurora Cannabis, and Uniper. The data reveals that Coinbase was traded more than Meta, Apple, and Snap in the last 12 months.

According to data of the most traded instruments in the United Kingdom, Australia, Germany, Italy, and the Netherlands, the UK is the only country to rank the UK 100, Coinbase, and Rivian among its top ten.

SEC’s Litigation have plummeted price of BNB

The SEC’s complaints against Binance and Coinbase have made clear that the question of what is and is not a security will be central to whether crypto has a future in the US. And they continue to insist almost every crypto is a security, which suggests they really don’t want them to have a future in the US.

Up till SEC’s recent filing against Binance, its native token BNB was trading above $300 per coin and currently at $262 a 14% decline within seven days, this is because of fuds which triggered a bank run on the exchange in which users are panicking withdrawing and converting their BNB assets into BTC and other stablecoins in other to manage risk. It is really a hard time for CZ Binance as it is unclear when the showdown will end with regulators who don’t understand the scheme of operations in the crypto world.

Coinbase (COIN) shares are “uninvestable” in the near term, investment bank Berenberg said in a research report Thursday. The company was already expected to report weak second-quarter 2023 trading volumes before the SEC filed a lawsuit against it on Tuesday, said analyst Mark Palmer. This weakness may now persist and intensify thanks to the overhang from the SEC action, he added.

The upshot is that we view COIN shares as uninvestable in the near term. Palmer maintained his hold rating on the stock, but slashed his price target to $39 from $55, suggesting nearly 30% downside from last night’s close of $54.90.

The examples cited this week reflect an incredibly broad interpretation of the all-important Howey test: Judging from the complaints, a loosely affiliated foundation submitting code is enough to fulfill the “efforts of others” prong of Howey. And developers tweeting about their work is enough to fulfill the “expectations of profits.” But it’s not really about Howey: The SEC simply thinks crypto is dangerous for investors and that it’s their job to protect us from it.

Chair Gensler doesn’t have the resources to sue 20,000 protocols, especially considering many are based abroad, or located nowhere, or have anonymous founders, or are long defunct but still tradeable.

Important Considerations When Investing Time, Effort, and Money into Improving Your Website

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Your website is vital to your business. It will be the initial point of contact for your customers, so it should fulfill certain criteria. It should also give any potential customers a favorable impression of the business thinking about dealing with as far as your reputation for quality, professionalism, and intellect in your chosen field are concerned.

Of course, to do this correctly, you are going to require help, or you will fall at the first hurdle.

#1 Get a designer involved

Although you can design and create your own website from a template – you probably shouldn’t. You will get a much more professional and bespoke finish by hiring the services of a qualified and experienced web designer. They may also be able to host it for you for an additional fee.

Your website will be designed for your business and will therefore fit it perfectly. Your designer will ensure that it complies with all laws and regulations while also making sure that it is accessible to any visitors that may like to view it either on a PC, tablet, or cell phone.

#2 SEO to gain more quality traffic

To get your new website to work, you are going to have to drive visitors to it. This is not hard – but what is far less than easy is to drive the right traffic. The term traffic means potential customers and interested parties. Think of your website like a storefront; getting people to walk past or look in the windows is generally easy, depending on the location, of course. Encouraging them to enter and part with money is entirely different.

A good SEO agency can help you here, as these people actively find those willing to enter and part with their money. As you can imagine, SEO takes time, knowledge, and experience to pull off correctly. This is vital when it comes to finding the right keywords and creating backlinks – however, agencies such as clickintelligence.com can take care of all of this for you.

#3 Invest in website maintenance

Having an exquisite website and driving quality traffic to it isn’t the end of it, though; it will also have to run smoothly without glitches or irrelevant data. Investing in a website maintenance company to take care of this side of it can free up a lot of your available resources, especially when it comes to installing the necessary up-to-date plug-ins.

#4 Use chatbots as store clerks

To provide a quality service and engage with your customers and website visitors, it is a good idea to install chatbots to act as your store clerk. They will meet and greet your visitor, answer any basic inquiries, and provide a friendly face for your business. Although a lot of people prefer to deal with a human, most do understand that they are talking to an AI computer program and will therefore feel just as happy so long as they get the answers they are seeking. It helps them move along the customer journey that must quicker.

Tradecurve stage 3 is almost at 50% finished. Solana and Polygon were named securities

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The cryptocurrency market is rapidly changing, with regulatory scrutiny and project developments constantly shaping its trajectory. Today, we explore two recent developments: the classification of Solana and Polygon as securities by the Securities and Exchange Commission (SEC) and Tradecurve’s Stage 3 presale progress. These updates shed light on the evolving regulatory environment and the advancement of innovative projects within the crypto industry. Let’s begin.

Summary

  • The SEC claims Solana and Polygon are securities
  • Both Solana and Polygon crashed after this news
  • Tradecurve and its Stage 3 presale nearly 50% complete

>>BUY TCRV TOKENS NOW<<

Solana (SOL) and Polygon (MATIC) get drawn in the Binance lawsuit

In a recent development, the SEC has labeled Solana and Polygon as securities in a lawsuit involving Binance. This classification by the SEC adds a new layer of complexity to the regulatory landscape surrounding Solana and Polygon.

The lawsuit alleges that Binance, one of the largest cryptocurrency exchanges, facilitated the trading of Solana and Polygon, which the SEC labels as securities, without proper registration or compliance with securities laws. The SEC’s decision to label Solana and Polygon as securities implies that their issuance and trading may fall under existing securities regulations.

This news caused both prices of Solana and Polygon to crash as they are trading hands at $19.89 and $0.8037 – a fall of 4.85% and 7.75%, respectively. This development underscores the growing scrutiny from regulators towards cryptocurrencies and highlights the importance of regulatory compliance for projects such as Solana and Polygon operating in the industry. It also serves as a reminder for platforms and exchanges to navigate the regulatory landscape carefully and ensure compliance to avoid potential legal consequences.

Tradecurve (TCRV) and its Stage 3 progress

In contrast to the regulatory challenges faced by Solana and Polygon, Tradecurve, an innovative platform allowing all derivatives to be traded on a single account, is making significant progress in its presale. With millions of tokens sold already, the Tradecurve Stage 3 presale is now at 45.48% of its completion.

As the hype for this decentralized, borderless trading platform grows, the presale of Tradecurve will continue advancing – and so will its price. Currently, the TCRV native token can be bought for just $0.015, but when Stage 4 rolls around, that price will surge to $0.018. This will happen sooner rather than later, given that investors are flocking to it since they will obtain governance voting rights, passive income through staking, access to VIP status, and more when the platform launches.

Traders are excited about Tradecurve since access to advanced trading tools and high-leveraged assets can be tricky (due to regulations depending on location). Still, Tradecurve will solve this issue by allowing high leverage starting at 500:1, subscriptions to automated & AI trading tools, and more.

>>BUY TCRV TOKENS NOW<<

Also, those who are more privacy-focused may find Tradecurve the perfect trading platform as it eliminates any sign-up KYC checks and allows users to create an account using an email only, link it to a crypto wallet, and begin trading. This will ensure complete anonymity while navigating the online trading industry and a private trading environment where your data remains protected.

Beginner traders will also be able to enroll in the metaverse trading academy, where they will learn new strategies from trading experts and more. If someone does not have the time for this, then the copy trading feature will be excellent as it allows Tradecurve users to subscribe to other individuals, copy their trades, and profit from their choices.

Only 40% of the 1.8B token supply will be available during the TCRV presale, and demand is high. Some market analysts even forecast a 50x value increase when the presale finishes. In addition, TCRV may get listed on a major Tier-1 CEX or Uniswap following its launch, which could trigger a 100x value rally. As Tradecurve moves closer to completing this stage, it demonstrates its commitment to delivering a robust and comprehensive trading ecosystem, which you can now be a part of by signing up for its presale below.

 

For more information about the Tradecurve presale:

Click Here For Website

Click Here To Buy TCRV Presale Tokens

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