DD
MM
YYYY

CATEGORIES

PAGES

DD
MM
YYYY

spot_img

CATEGORIES

PAGES

Home Blog Page 4237

Axie Infinity (AXS) and Decentraland (MANA) Keep Losing While Uwerx (WERX) Rises

By
TI Partners
-
0

Crypto gaming has seen explosive growth in the past couple of years. The pandemic-induced lockdowns served to increase the frenzy. Investors find crypto gaming platforms profitable.

With the winning combo of playing and earning, game-based cryptos like Axie Infinity (AXS) and Decentraland (MANA) have made big inroads in the market. But the downtrend in Axie Infinity (AXS) and Decentraland (MANA) reveals that the model is not as successful as predicted.

On the other hand, upcoming platforms like Uwerx show immense growth potential. Uwerx does not have the inherent risks found in the crypto gaming network. Here are the main reasons for the descent in Axie Infinity (AXS) and Decentraland (MANA) and the positive growth of Uwerx.

The Erratic Price Action of Axie Infinity (AXS) And Decentraland (MANA) In 2022 

Axie Infinity (AXS) is a trading and battling game based on blockchain technology. AXS are non-fungible tokens (NFTs) that players can collect, raise, create, trade, and battle. Players get to earn tokens at every stage of their gameplay.

As a pioneer of the Play-to-Earn (P2E) model, the value of Axie Infinity (AXS)relies on its players. Axie Infinity (AXS) focuses on efficient data transfer and fast and error-free transactions. Priced at $8.76 with a volume of $52,806,575, Axie Infinity (AXS) has been showing a bearish trend.

Decentraland (MANA) is an Ethereum-based crypto gaming platform where users can buy, build, and earn virtual reality applications. Decentraland (MANA) allows users access to interactive applications, communication, and in-world payments. Gamers and investors find many applications for the platform.

Developed in 2016, Decentraland (MANA) was priced at $0.024 and gradually increased to $0.24 but soon dropped to previous lows. It reached $0.80 in 2020 and $1.56 in 2021. But 2022 saw Decentraland (MANA) declining in value. Its present value is $0.61 and the trading volume is $107,931,874.

The Future Outlook for Axie Infinity (AXS) And Decentraland (MANA)

As per crypto analysts, Axie Infinity (AXS) has behaved erratically with a downward trend. If the present pattern continues, it may increase in value. But, if the trend reverses, it can fall below the existing level.

Decentraland (MANA), on the other hand, shows a bull run and is highly volatile. The present downward trend of the crypto coin does not look good for investors, though analysts predict an increase in its value in the future, but not as much as Uwerx.

The Dominance of Uwerx (WERX) In the Crypto Market 

Uwerx is an innovative platform that will be built on the Polygon network. It is a freelancing-based platform predicted to become a dominant player when it is launched.

Uwerx promises enhanced security and trust. Users get to enjoy lower fees and robust protection of their creations. Transparency in records is guaranteed with the blockchain-based storage solution that Uwerx offers. Plus, its team renounced ownership of smart contracts once the taxes diminished to zero.

Driving Factors Behind The Rise of Uwerx (WERX) 

Many factors contribute to the explosive growth potential of Uwerx. They include:

  • Faster transactions, lower fees, and robust security are the main features of the platform
  • It has a higher probability of becoming a blue-chip crypto platform used by millions globally.
  • Uwerx has the essential structure to withstand the volatile crypto market and a high growth potential
  • Its liquidity is locked for 25 years after the presale ends, and it is audited by InterFi Network and SolidProof well before its launch.
  • Contract ownership will be renounced by the owners.
  • Integration of popular tools such as Slack, Trello and Asana.
  • Gamification and incentive based rewards to enable users to earn more.

Final Thoughts

While crypto gaming platforms lure players and investors with decentralization, faster transactions, and lower fees, the declining value of Axie Infinity (AXS) and Decentraland (MANA) show the risks involved. While their future outlook is promising, it is not as good as Uwerx. Moreover, as per crypto experts, Uwerx is expected to increase by 8,500%. To get in on the action, at the low presale price of an Uwerx token going at $0.0065, follow the links shown below and participate to enjoy a 25% bonus on your investment:

 

Presale: invest.uwerx.network

Telegram: https://t.me/uwerx_network

Twitter: https://twitter.com/uwerx_network

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

Exploring the benefits of AI in financial trading

By
Scarlett Shelton
-
0

AI has developed at an incredible rate, and through increased investment in this technology, AI is making its mark on several industries. The financial trading industry has benefitted from this, as AI can sift through large amounts of data much quicker and more accurately than ever. Machine learning makes it easier to identify patterns and market trends as and when they happen to make well-informed trading decisions.

Improved decision-making with AI

AI has advanced the decision-making process within finance by analyzing vast amounts of data with greater efficiency and accuracy than any human. Complex and sophisticated AI-powered algorithms can identify relevant patterns and relationships. This will help traders make well-informed decisions and act accordingly concerning the information provided.

AI algorithms can play a vital role in enabling traders to make well-informed decisions regarding currency trades and also when taking broader economic factors into account. In the context of the US Dollar Index (DXY), AI helps traders make informed decisions based on the dollar’s performance against other currencies. Being the benchmark indicator of the value of the US Dollar in comparison to other major currencies, being able to the DXY will help with more efficient tracking of market trends. Consequently, traders can be more confident when deciding how to optimize portfolio allocation.

Another notable example lies in the field of quantitative trading. AI algorithms can analyze market trends and predict price movements more quickly and accurately than the human eye. Traders can then take this information and use it to make any necessary adjustments to trading strategies. This, in turn, can lead to a significant improvement in potential profitability. Not only that, but the ability of AI to provide this information in real-time gives unrivaled opportunities for a more efficient decision-making process. Traders can respond quickly to the latest market changes and events to keep up with the fast world of financial trading.

Enhanced risk management

In financial trading, managing risk is always a top-listed priority. Traders will always favor being in a position to identify potential risks before they have a significant impact on their portfolios. They can act accordingly and mitigate those risks to ensure a higher probability of successful trading.

Before integrating such a program, make sure to learn more about AI driven automation and how it can be utilized in your business setting. This is where artificial intelligence excels, as it can analyze and interpret vast amounts of data in real-time.

One very important way in which AI can help with risk mitigation is by identifying potentially fraudulent activity. AI algorithms can sift through relevant information like transactional data to identify patterns that might indicate fraudulent activity. This includes unusual trading volumes or abnormal price movements. Traders are then one step ahead of the game and better equipped to take quick action.

Another helpful way AI can help with enhanced risk management is by assisting traders in reducing operational risks. For example, AI algorithms can effectively analyze trading data in order to pinpoint any potential errors or issues that may exist with trading algorithms. With this information, traders can take corrective action before such matters can have a chance to lead to significant financial loss.

The use of AI in financial trading is arming traders with powerful tools to make well-informed trading decisions without unnecessary delay. As this technology continues to evolve, the benefits provided will surely skyrocket, with previous limitations falling away. AI gives a competitive advantage that surpasses the abilities of human-only analysis. The benefits of AI in financial trading are clear, and you can’t deny that this growing relationship will surely shape the future of the financial trading industry.

Abia Must Move Forward – Home of Prosperity through Enterprise! 

By
Ndubuisi Ekekwe
-
0

Feels great. Instead of waking up early for Saudi Arabia or Brazil or Rwanda, one has been up since 3am for God’s Own State, for Dr Alex Otti’s Governorship Transition and Advisory Council. Good People, Abia MUST move forward. The gateways to Nigeria’s opportunities pass through Abia State. You’re invited – this is the home of prosperity through enterprise! 

We’re all ABIANs because we’re God’s own people. Come over here, all citizens of the world.

“Abia State will rise because Abia has the capacity, people and knowledge to make Abia great. … Let us serve Abia… This Council is inaugurated” – Mr. Governor-elect, Dr Alex Otti, just finished inaugurating members of the Governorship Transition Council. Our work begins.

Every Abian has the spirit of enterprise. Dr Ngozi Okonjo-Iweala, the Director General of the World Trade Organization, and an Abian, spoke before members of Dr Alex Otti  Governorship Transition Council today. In a really moving speech, using words/phrases like “my state”, “visiting Ariaria Aba”, you get the sense that home is home and everyone wants his or her home to advance.

Ndi Abia, this is the time. Your daughter is in charge of global trade and our state’s motto is “prosperity through enterprise”, the only option is MOVING FORWARD.

Abia is open for business! I want the world to converge in our state.

News of TMS Network’s (TMSN) 2,000% Gains Drown Out Ethereum Classic’s (ETC) Comeback and Dogecoin’s (DOGE) Crash

By
TI Partners
-
0

TMS Network (TMSN) just delivered the most impressive returns of any token in 2023. That’s saying something for the crypto industry, which appears to be on the rebound after the distressing performance of last year.

TMS Network (TMSN), still in the ICO stage, is growing at breakneck speeds and outshining almost all other cryptocurrencies. The news of TMS Network (TMSN) posting 2,000% returns to early presale investors has spread like wildfire over the past few days. It has completely drowned out Dogecoin’s (DOGE) crash, following its sharp rise a few days ago. Even Ethereum Classic’s (ETC) possible comeback did not divert investor attention from TMS Network (TMSN).

TMS Network (TMSN)

Most cryptos have good years and bad years, but TMS Network (TMSN) has had a good lifetime so far. That’s partly because TMS Network (TMSN) is a young blockchain and is in the midst of an ICO. Nevertheless, that did not stop TMS Network (TMSN) from posting an incredible 2,000% returns to early investors.

TMS Network (TMSN) is a novel DEX, which allows investors to trade cryptos, CFDs, forex, and equities. Investors neither have to create an account nor undergo KYC verification to trade on TMS Network (TMSN). They can use their wallet to directly start using TMS Network (TMSN). Since TMS Network (TMSN) is compatible with MetaTrader software suites, equity traders will find the transition to the DEX almost seamless.

TMS Network (TMSN) also offers a wealth of resources, like educational webinars, training videos, portfolio management apps, etc., to help users make smart trading decisions.

Ethereum Classic (ETC)

Ethereum Classic (ETC) is often considered the hard fork of Ethereum blockchain, launched in 2015. However, the truth is that Ethereum (ETH) is the hard fork of the original blockchain. Ethereum Classic (ETC), on the other hand, is the original version of Ethereum.

Unlike Ethereum (ETH), Ethereum Classic (ETC) does not have a centralized structure operated by a core team. Instead, Ethereum Classic (ETC) enjoys a higher degree of decentralization. The community takes all decisions concerning Ethereum Classic (ETC) through a consensus mechanism. However, since the original core team behind Ethereum blockchain remained with Ethereum (ETH), Ethereum Classic (ETC) did not receive the support it deserved in the initial days.

Even today, Ethereum Classic (ETC) has a market cap of about $3 billion, which is quite small for the token. Nevertheless, Ethereum Classic (ETC) has posted impressive gains recently.

Dogecoin (DOGE)

Dogecoin (DOGE) just experienced what can only be surmised as a pump-and-dump event. To be fair, the crypto world is no stranger to pump-and-dump movements, and Dogecoin (DOGE) is one of the more prone tokens. After all, Dogecoin (DOGE) has little intrinsic value and relies on pure speculation for its value. Elon Musk changed Twitter’s Home button to a cartoon of Dogecoin’s (DOGE) logo. Twitter erupted with a buzz, and Dogecoin (DOGE) promptly shot up by 30% in value.

Then, two days later, Musk brought back the little birdie, and Dogecoin (DOGE) nosedived to pre-Twitter-logo levels. However, investor attention had already turned to TMS Network (TMSN) by then, and they hardly noticed what happened to Dogecoin (DOGE).

Dogecoin (DOGE) aims to become a dominant digital currency across the world, but the lack of intrinsic value makes it susceptible to unexpected crashes.

Presale: https://presale.tmsnetwork.io

Website: https://tmsnetwork.io

Telegram: https://t.me/TMSNetworkIO

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

Economy: Experts Urge Nigeria to Focus on Ease of Doing Business Instead of IMF’s Suggested Tightening

By
Samuel Nwite
-
0

The federal government of Nigeria has been urged by industry and economic experts to explore other ways of mitigating economic strains – giving more attention to ease of doing business before adopting the monetary tightening measures suggested by the International Monetary Fund (IMF).

The advice comes amid growing global economic uncertainties that have seen countries desperately seeking ways to contain inflation and drop in economic growth.  The IMF has projected a drop in global economic growth, suggesting further measures affected countries could take to weather the impact.

The Fund, in its latest quarterly World Economic Outlook report unveiled at the ongoing Spring meeting in Washington DC, United States, said Nigeria’s economy could drop slightly to 3.2 percent in 2023, and then lower further to 3 percent next year as global outlook sustains high uncertainty amid recent financial sector turmoil, high inflation, ongoing effects of Russia’s invasion of Ukraine, and three years of COVID-19 pandemic.

Among other factors, the IMF Division Chief, Research Department, Daniel Leigh, stated during a press briefing announcing the report, that geopolitics, monetary tightening and inflation continue to weigh on growth of the global economy facing a rocky recovery.

“For Nigeria, our forecast is one of the most stable ones for this year. We have a slight increase; we have 3.3 per cent in 2022. That’s an upward revision. And for 2023, about the same 3.2 percent, and 3 percent in 2024. So this is an economy with very high inflation as well, and this is why we have a forecast of about 20 percent for 2023,” he said.

Per the report, global growth is expected to expand 2.8 percent this year and 3 percent next year, each 0.1 percentage point less than the Fund’s January projection. That compares with 3.4 percent expansion in 2022.

The IMF therefore urged the federal government to further tighten economic policies to mitigate the expected impact.

However, economic experts have disagreed with the idea of ‘tightening’, saying it could exacerbate the situation. They told the ICIR that Nigeria has reached its limits on tightening, arguing that further monetary tightening could squeeze the manufacturing sector further into crisis.

They urged the government instead, to rally efforts around ease of doing business, to enable manufacturers and other players in small and medium scale enterprises not to be squeezed out by such monetary tightening tools.

“I don’t really agree with this position of IMF on further tightening of our monetary position. As far as I’m concerned, we have reached the limits of tightening. How many countries have a cash reserve ratio (how much money banks can keep in their vaults as permitted by the CBN) of 32.5 percent in the world,” the Executive Director of the Centre for the Promotion of Private Enterprises and former Director-General of Lagos Chamber of Commerce and Industry, Muda Yusuf, told The ICIR.

According to Yusuf, the high interest rate of 18 percent was already squeezing businesses dry, making cost of funds for businesses almost beyond reach.

“The forex challenge is still there and there is no transparency. This is a policy problem. The second concern is energy cost, which is extremely high, and which affects cost of transportation.

“We also have the problem of high costs of production, which makes manufacturers not to sell easily because of high costs occasioned by high inflation and other costs of major concern,” he said, adding that the government needed to do more on the ease of doing business.

Besides giving attention to ease of doing business, another development economist, Celestine Okeke, said the government must pay attention to cutting wastages and fiscal discipline.

“We are doing the wrong type of tightening. We need to cut out wastes from the ministries, departments and agencies of government. Every year, we are buying Hilux vehicles and several unnecessary things. For me, the $800 million they are bringing for the social safety would have been put into getting our refineries to work to lessen the burden of high energy costs.”

Also, the ICIR quoted an economic analyst with the Arise Television, Chuka Mbonu, as saying that high cost of production and weak impact of ease of doing business among others have made things very difficult for manufacturers. He said they’re not things that tightening policies will solve.

“Manufacturers are buffeted by insecurity, lack of power, double taxes, legal fee issues, and high transportation costs. They are not even able to produce goods at a lower price. This issue of monetary tightening would not solve these problems. The fiscal side and enabling business environment has to play its role,” he said.

1...4,2364,2374,238...7,993Page 4,237 of 7,993

© Tekedia. All rights reserved.

Term & Privacy

© Tekedia. All rights reserved.

Term & Privacy