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

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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.

Jack Dorsey-Backed Bluesky App Gains Popularity Over the Past Few Months, Set to Rival Twitter

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The Bluesky social media app logo is seen on a mobile device in this photo illustration in Warsaw, Poland on 21 April, 2023. Founder Jack Dorsey of twitter has released the Bluesky application on Android. (Photo by Jaap Arriens / Sipa USA)(Sipa via AP Images)

Decentralized social media platform, Bluesky, which was conceptualized by former Twitter CEO Jack Dorsey, has reportedly gained popularity over the past few months as it looks set to rival Twitter.

The app which has been in a closed beta for barely two months has seen a growing user base on the waitlist. According to reports, the iOS app has been downloaded more than 375,000 times, which is impressive, considering that the app only has about 65,000 users.

By the end of April 2023, Bluesky reportedly reached 50,000 users and 628,000 downloads, representing a 606% rise from March when it became available on Android.

The app has seen the presence of notable figures and organizations, from Representative Alexandria Ocasio-Cortez (D-NY), and CNN’s Jake Tapper, to Twitter exile NPR, who have all moved to the app to enjoy better user experience.

Advocates disclose that decentralized projects like Bluesky are less likely to collect and sell users’ data, and are less susceptible to censorship. Bluesky has gained more attention than the decentralized messaging app Mastodon, which attracted a lot of interest in November as a possible alternative to Twitter.

Recall that Jack Dorsey introduced the Bluesky project back in 2019 while he was still Twitter CEO. At the time, he revealed that Twitter would be funding a small independent team of up to five open-source architects, engineers, and designers, charged with building a decentralized standard for social media, with the original goal that Twitter would adopt this standard itself.

But that was before Elon Musk bought the platform, in October last year 2022, which has now seen Bluesky completely disengaged from Twitter. Bluesky is a decentralized social app conceptualized and developed in parallel with Twitter. The social network has a Twitter-like user interface, similar color, algorithmic choice, a federated design, and community-specific moderation.

The app functions much like a bare-bones Twitter, in which users can click on the plus button to create a post of 256 characters, which can also include photos and videos. However, there is no support for videos and direct messages on it so far.

Also, posts  can be replied to, retweeted, liked, and, from a three-dot menu, reported, shared via the iOS Share Sheet to other apps, or copied as text. Users can also search for and follow others.

While the UX and the features of Bluesky resemble Twitter to a significant degree, the key goal of Bluesky isn’t aesthetics, features, or the UX, the chief goal why Bluesky was created, was to allow users to build independent social media experiences, such that they can join a specific ‘server’ that has its own unique set of rules, interests, and participants.

The big question is, can Bluesky effectively scale once it opens to the general public, and can it turn out to be a strong rival for Twitter?

Must Read: Why experts are Predicting 25x Gains for These 4 Cryptos in 2023

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Meta Description: Learn why industry experts predict a 25x gain for these four cryptocurrencies in 2023. Don’t miss out on the opportunity to invest in Uwerx, poised to outperform the others with its innovative approach to the freelancing industry.

Curious about the future of cryptocurrency and which coins are poised for significant gains in 2023? Look no further than Liquity (LQTY), SSV Network (SSV), StableXSwap (STAX), and Uwerx.

Experts predict that these four cryptos could see gains of up to 25x in the coming year, with Uwerx being singled out as having the potential to outperform the others. Keep reading to learn more about why these coins generate such excitement among crypto enthusiasts and investors alike.

4 Cryptos that Will Diversify Your Portfolio

  1. Liquity (LQTY): The Future of Decentralized Lending
  2. SSV Network (SSV): The Multi-Operator Node System
  3. StableXSwap (STAX): Lower Slippage, Lower Fees
  4. Uwerx (WERX): Incentivization, Collaboration, and Transparency

Liquity (LQTY): The Future of Decentralized Lending

Liquity (LQTY) is a decentralized lending protocol that empowers users to secure loans against their Ether tokens with flexible interest rates. Individuals can easily access loans using their Ether tokens as collateral.

The price of Liquity (LQTY) has increased by 0.97% over the past 24 hours and the current price of Liquity (LQTY) is $1.81.

According to crypto experts, the value of Liquity (LQTY) is predicted to rise by 7.48% to reach $1.947 by Q2 2023. The announcement that Binance is now one of the largest holders of the token will make Liquity (LQTY)’s value rise significantly.

SSV Network (SSV): The Multi-Operator Node System

SSV Network (SSV) is a decentralized staking platform that facilitates the distributed operation of an Ethereum validator by utilizing a multi-operator node system.

SSV Network (SSV) is a unique and promising addition to the world of decentralized finance, and it is currently trading at $19.84 per (SSV/USD).

However, according to our price predictions, the value of SSV Network (SSV) is expected to experience a slight dip of -5.90%, reaching $?25.45 by Q2 2023 as the rush from the ETHDenver Hackathon dies down.

StableXSwap (STAX): Lower Slippage, Lower Fees

StableXSwap (STAX) is a decentralized exchange built on the Binance Smart Chain, focused on stablecoin trading with lower slippage and fees.

As the first DEX explicitly designed for stable asset trading, StableXSwap (STAX) offers a swap mechanism that reduces impermanent loss and offers lower gas fees, making it an attractive option for both casual users and experienced traders.

Currently priced at $0.18, StableXSwap (STAX) is a crypto asset worth considering for diversifying your portfolio. However, analysts predict that StableXSwap (STAX) may experience a decline of -46.64% by the end of Q3 2023, with a projected value of $0.146 due to new BSC updates.

Uwerx (WERX): Incentivization, Collaboration, and Transparency

Uwerx will shake up the freelance industry with its innovative blockchain-based platform designed for freelancers. Uwerx will change how freelancers operate and engage with clients.

Unlike traditional freelance platforms that charge 20% service costs, Uwerx will only charge 1%, allowing freelancers to keep more money in their pockets.

Uwerx’s focus on incentivization will set it apart, with features that help boost freelancer engagement and motivation. In-built collaboration features will also be included on the platform to make it easier for freelancers and clients to communicate and work together.

With its personalized matching, transparent pricing, and dispute resolution features, Uwerx has the potential to dominate the crypto and freelancing industries.

Discover the Uwerx (WERX) Record-Breaking Presale

The Uwerx presale is underway and its first stage has been completed in only 17 days while the second stage was faster with just 8 days. The third stage of the presale is set to begin and the WERX token price increased from to $0.0225 and the bonus on purchases remained at 20%.

And with the Uwerx team’s commitment to renouncing contract ownership, investors can rest assured that the project will be safe from scams and rug pulls. Uwerx has passed rigorous audits with SolidProof and InterFi Network, and it will have a 25-year liquidity lock-up period after the presale.

Uwerx now has over 3,000 users and has been listed on Coinsnipper. Additionally, the team unveiled the Uwerx Vault where users can store WERX tokens and earn rewards.

We are eager to forecast the potential growth of WERX tokens moving forward. Analysts have predicted that WERX will hit $1.15 by Q3 -Q4 2023 and $2 by Q1-Q2 2024, making it a must-have for any savvy investor.

Final Verdict

While all these coins, Liquity (LQTY), SSV Network (SSV), and StableXSwap (STAX), are poised for growth this year, Uwerx will be the ideal investment for growth-minded individuals.

Uwerx aims to revolutionize the world of freelance work by providing a secure and efficient blockchain-based platform. With this unique approach, Uwerx has the potential to become a leader in the industry.

If you’re looking to invest in the coin that will lead the market, Uwerx’s Funding Stage Three offers a tremendous opportunity.

Use the links below for more information on the Uwerx presale and get in to benefit from a 20% purchase bonus:

Presale: invest.uwerx.network

Telegram: https://t.me/uwerx_network

Twitter: https://twitter.com/uwerx_network

Website: https://www.uwerx.network/

Tradecurve (TCRV) Presale continues Attracting Whales, Polygon (MATIC) Price Meets Resistance

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Today, a large portion of the crypto market has entered the green zone. The recent uptrend started after the collapse of First Republic Bank (FRC) was announced.

Cryptocurrencies are created to replace traditional finance and have in the past benefited from the failures of traditional financial institutions.  Today, riding the waves of green, the crypto market cap is up by almost 4.45% in the last 24 hours.

However, Polygon (MATIC) has met with resistance as it attempts to cross $1.00. Meanwhile, analysts have predicted that Tradecurve, a new hybrid exchange changing the narrative could skyrocket by 40x soon due to its unique use cases.

Polygon (MATIC)

Polygon’s (MATIC) price has recently dropped from above $1.12 to below $1.00, entering a bearish zone. However, the price has formed a low near $0.952 and is currently attempting a recovery wave.

Similar to Bitcoin and Ethereum, Polygon’s (MATIC) price has climbed above $0.980, breaking a bearish trend line resistance near $0.975 on the MATIC/USD 4-hour chart. The next resistance level for Polygon (MATIC) lies at $1.08, which coincides with the 50% Fibonacci retracement level of the previous downward movement from the swing high of $1.191 to the low of $0.952.

According to data from CoinMarketCap, the price of Polygon (MATIC) is $0.992868 today, a 3.20% price increase in the last 24 hours and a 15.20% price decline in the past 7 days. If the price of Polygon (MATIC) breaches the $1.008 resistance level to the upside, there is potential for further price recovery.

Polygon (MATIC) is already showing potential for an upside as the on-chain data tracker, Santiment, has reported that the network experienced the second-largest movement of tokens to exchanges this year. Santiment reported that 60 million Polygon (MATIC) tokens were moved in the last 24 hours.

Tradecurve – The future is here now

Tradecurve.io is one of the few cryptocurrency exchanges to gain so much attention as Binance did before it officially hit the market back in 2017. But, unlike Binance, Tradecurve is a hybrid exchange.

The reason for the hype around Tradecurve is justifiable – a hybrid exchange, and the first to allow traders access crypto, forex, stocks, and commodities all from one account, this unique offering  is what makes Tradecurve appealing to investors.

Hybrid exchanges are the future of crypto exchanges, and Tradecurve is strategically placed to become one of the top trading platforms in the next year. The platform will onboard up to 100,000 clients within the first 3 months of launch.

The native utility token $TCRV that will power the Tradecurve ecosystem, is currently in presale trading at  $0.01 per token. Providing users of the platform access to trade; stocks, shares, currencies, cryptocurrencies, commodities and indices, Tradecurve is set to see exponential growth over the coming months with my analysts stating $TCRV will 40x upon launch.

Check the following links for more information about Tradecurve Presale:

Website: https://tradecurve.io/

Buy presale: https://app.tradecurve.io/sign-up

Twitter: https://twitter.com/Tradecurveapp

Telegram: https://t.me/tradecurve_official

Litecoin (LTC) and TRON (TRX) Whales Find Massive Appeal in TMS Network (TMSN)

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The blockchain space is home to over 23,000 cryptocurrencies for investors and traders. However, not all of them have proven the test of time, and not all of them have managed to maintain their long-term value.

For example, Litecoin (LTC) and TRON (TRX) have seen a high level of volatility in their value. Whales of these altcoins, however, do know that the true value can be found in projects in their presale period.

Historically, presale stage projects have provided whales with solid returns, and one of the most recent projects to get on their radar is TMS Network (TMSN). This project is being discussed among Web3 communities at a massive scale. Today, we will be exploring why this altcoin has excited whales globally.

Litecoin (LTC)

The Litecoin (LTC) team announced that the transactions and active addresses on top of the network had reached record highs as of May 10, 2023, and that the Litecoin (LTC) network has also surpassed Bitcoin in both for the first time.

Moreover, PayPal’s crypto holdings increased by 56% in Q1, 2023, and only four cryptocurrencies are available throughout the platform, one of which is Litecoin (LTC).

Despite this massive progress within the Litecoin (LTC) ecosystem, the altcoin is trading at a value of $80.63 as of May 11, 2023.

The decline of the value of the Litecoin (LTC) cryptocurrency was at 15.6% within the last 30 days. The overall market santiment surrounding Litecoin (LTC) is that it needs to break past the $85 price barrier to go bullish again, and if it falls under $80, Litecoin (LTC) risks getting into the red zone.

TRON (TRX)

The TRON (TRX) team announced Season 4 of the HackaTRON, where everyone will play a role in improving the overall ecosystem. This indicates growth for TRON (TRX).

Justin Sun also announced that he is thrilled to be on Benzinga’s Crypto Unlocked with the TRON (TRX) team, where they will explore “Real Global Crypto Use Cases” and push boundaries.

On May 10, 2023, the TRON (TRX) team also announced that they experienced an 18.8% QoQ market cap growth and are collaborating with Oraichain on AI projects based on data from Messari.

The TRON (TRX) cryptocurrency traded at $0.069208 on May 11, 2023. This indicates that the TRON (TRX) cryptocurrency saw a growth of 3.1% in the last 30 days, with a 5.7% growth in the last two weeks. However, alongside TRON (TRX), investors are looking at other projects.

TMS Network (TMSN)

TMS Network (TMSN) will be developed as a platform on top of which anyone can begin trading any derivative, from stocks, equities, forex, and much more, all through the usage of cryptocurrency payments directly.

The unmatched level of freedom helps TMS Network (TMSN) stand apart, where users are not even required to create an account. To use the platform, each individual trader can just connect their cryptocurrency wallet and begin trading immediately.

The TMS Network (TMSN) platform will feature advanced features, including on-chain analytics and support for MT4 and MT5. Moreover, the project is currently in the presale period, where the TMS Network (TMSN) token is offered at just $0.088. At this stage, there is even a 30% bonus, which will end on May 12, 2023.

By making a purchase of the TMS Network (TMSN) cryptocurrency, each ecosystem participant will also be able to gain access to premium services and will even be able to get a commission fee for every trade made on top of the platform.

Analysts within the Web3 space predict TMS Network (TMSN)’s value to climb by $2.20 by the end of December 2023, and anyone can pick TMS Network (TMSN) up before it explodes in value.

Presale: https://presale.tmsnetwork.io

Website: https://tmsnetwork.io

Telegram: https://t.me/TMSNetworkIO

Twitter: https://twitter.com/@tmsnetwork_io