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Dogetti, Huobi Token, and Stellar: Potential Profit Yielding Altcoins for Crypto Investors

By
TI Partners
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0

Dogetti (DETI) is billed to be a great purchase when it launches on top centralized and decentralized exchanges some months from now. The family-oriented dog-theme token is expected to be among the top meme coins, and it’s showing signs of living up to billing. The new meme coin just went on presale, and with the warm acceptance and hype surrounding it, one can expect it to progress faster than expected. Dogetti token (DETI) is expected to keep increasing in price and value as it progresses through each presale phase, making early entry a smart decision.

Huobi token (HT) and Stellar (XLM) are other altcoins that are likely to yield profits too. Unlike Dogetti (DETI) these meme coins are already listed on major exchanges. They are existing tokens that you can expect profits from before the end of the year’s third or fourth quarter. You can analyze their profit potentials before considering them for purchase, and do not forget to stay within your limit.

Huobi Token (HT): Another Promising Exchange Token 

Crypto enthusiasts that have benefited from Binance coin (BNB) profitability and success over time, will be hoping Huobi token can do the same. The cryptocurrency functions as a utility token for Huobi Global, a leading centralized crypto exchange similar to Binance. The token functions as the governance token in the Huobi ecosystem giving holders the right to vote on decisions concerning the platform.

Holders can equally leverage Huobi token (HT) to enjoy incentives ranging from discounts to bonuses, and special offers. Huobi Token (HT) has impressed holders over time, even though the previous year was an exception. However, holders and potential adopters can expect something good from the altcoin. The budding exchange token will likely rise toward its $39 all-time high in the coming months. Although it’s not expected to reach the price point, holders can expect a good yield.

Stellar (XLM) Targets an Excellent Year High

Stellar is a unique crypto project providing payment solutions for users. It links financial institutions, payment processors, and other systems, to facilitate low-cost and hitch-free global payment and financial asset transfer. The platform enables users to transfer money in different currencies and automatically converts them using Lumen (XLM), its utility token.

Lumen (XLM) has over a billion market capitalization and it is among the top 30 in the crypto market. While the crypto asset has struggled to surpass its $0.93 all-time high for years, it always has an impressive yearly run. The crypto asset could set a year high far above its current price, making it a potential profit-yield buy. You should consider taking chances on it.

Dogetti (DETI): The Latest Doge Family Token

Every dog-theme meme coin belongs to the Doge family and Dogetti (DETI) is set to be the latest addition. The meme coin aims to be among the top echelon of the family while boasting a larger and stronger community than others. Dogetti (DETI) won’t follow the conventional meme appeal + hype approach of the existing top meme coins. Rather, it’s built with utilities and features that increase its success potential.

The new meme project will place family members at the core of its success, giving them the right to be involved in decision-making concerning the project. The Dogetti token (DETI) will back this right, as only token holders will be entitled to participate in the DogettiDAO or voting.

Dogetti will have its swap for exchanging Erc-20 tokens. The Dogetti token (DETI) will equally back the exchange transactions on the swap, and will be used to incentivize community members. Dogetti (DETI) is committed to providing wealth for community members and it will leverage its flagship buyback feature to ensure they’re entitled to 2% of the platform’s tax revenue.

Dogetti (DETI) presale is something not to miss, and the more you delay, the lesser your chances of enjoying maximum yield.

 

Dogetti (DETI)

Presale: https://dogetti.io/how-to-buy

Website: https://dogetti.io/

Telegram: https://t.me/Dogetti

Nigerian Government Establishes Policies to Drive MSMEs Growth in The Country

By
Ojukwu Emmanuel
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0

The federal government of Nigeria in a bid to drive Micro Small and Medium Enterprises (MSMEs) growth across the country has established several policies to aid their growth.

The government recently rolled out the MSMEs survival fund and also adopted Economic Sustainability Plan (ESP) with the aim of sustaining economic growth and development as well as optimizing local content and empowering local businesses to compete globally.

Speaking at the launch of the 34th edition of the Enugu International Fair organized by the Enugu Chamber of commerce, industries, Mines and Agriculture (ECCIMA) on Saturday in Enugu, Nigeria’s Minister of Industry Trade and investment Adeniyi Adebayo who was represented by Deputy Director, Multinational of the ministry Dr. Sunday Jaja said that a well structured and funded MSMEs sub-sector can contribute significantly to poverty reduction, wealth creation, Employment and also bring about massive development in Nigeria.

Also speaking at the ceremony is the National President of the Nigerian Association of Chambers and Commerce, Industry, Mines, and Agriculture (NACCIMA), Mr. John Udeagbala who was represented by the president of the South East chamber of commerce, industry, Mines, and Agriculture, Mr. Humphrey Ngonadi lauded the policies introduced by the government towards the MSMEs, stating that it will bring about development in the country.

He further added that the most impressive performance of the economy of developed countries across the world is the commitment toward human capital development.

In his words, “A nation which is unable to develop skills and knowledge of its people and utilize them effectively in nation building will be unable to develop anything else. The advancement we see in science and technology and every other field today is the strategic commitment to human capital development. When human capital development is properly harnessed and leveraged, it could lead the country to sustained prosperity.

“Therefore, if Nigeria wants to achieve meaningful and sustainable growth, it must begin to aggressively develop its human capital for inclusive growth of the economy.”

The recent initiative by the Federal Government in acknowledging and contributing to the development of MSMEs in the country is remarkable. It is therefore interesting to note that no nation thrives without intentional and concentrated efforts from the government to implement policies and programs to enable and boost MSMEs’ growth.

For the Nigerian economy to continue to grow, SMEs need a lot of support, they are critical drivers of growth and sustainable development in any nation. MSMEs are business entities that have about seventy-five employees or fewer. In addition to employing a large percentage of labor in Nigeria, the sector has also been able to drive inventions leading to an increase in job creation.

Last year, according to the Nigeria Bureau of Statistics (NBS), conducted, small and medium enterprises in Nigeria contributed about 48 percent of the national GDP in the last five years. With a total number of about 17.4 million MSMEs, they account for about 50 percent of industrial jobs and nearly 90 percent in the manufacturing sector.

Despite numerous challenges such as inadequate working capital, unfriendly polices, harsh environment, stiff competition from larger companies, difficulties in sourcing raw materials, and low capacity utilization, among other challenges faced by MSMEs, their significance to the Nigerian economy cannot be overemphasized.

Tekedia Capital: FREE “Venture Investing & Portfolio Management” program

By
Ndubuisi Ekekwe
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0

Greetings! Tekedia Capital, in partnership with our sister company, Tekedia Institute, is launching a special investment and portfolio management program for active members of Tekedia Capital Syndicate. The program, Venture Investing and Portfolio Management, is designed to deepen the investment and portfolio management capabilities of our members. 

It is exclusive to active members of Tekedia Capital Syndicate, and It comes at no additional cost. The next edition is scheduled as noted here.

Since the exit we had in 2022 with some members getting into a tax season, we just realized that some will need help to deepen their understanding of many components of market systems. If you made $50,000 from an investment from Tekedia Capital Syndicate; that is not “profit”. It is very possible you borrowed that fund (so the interest is an expense),  you paid bank fees (another expense), you recharged your phone to watch Tekedia Capital demo day (another expense), etc. You’re expected to keep records so that you can have those as tax deductions. 

Also, as you invest, examine industries to design your portfolios. That is why we mix the companies from different sectors, making sure there is diversification. We expect this program to deepen the ecosystem.

Program Structure and Curriculum:  click here for the curriculum of Venture Investing and Portfolio Management.

About The Partner: Tekedia Institute is one of Africa’s largest business schools for entrepreneurial capitalism. The faculty members come from some of the finest companies in the world, including PwC, Google, Amazon, Microsoft, Coca Cola, Access Bank, Shell, Flutterwave and FIRS.  In the current edition of Tekedia Mini-MBA, more than 41 countries are represented. Those include catholic priests, medical doctors, bankers, engineers, businessmen and more. 

If you have questions, email us.

Regards,

Tekedia Capital Team

Join Tekedia Capital Syndicate here

The Big Bitcoin >>> 1 Million Dollars Drama

By
John Mc Keown
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0

So… During the week, Arthur Hayes, Former BitMEX CEO, doubled down on previous statements he made about Bitcoin going to $1m.

Balaji Srinivasan is a respected ‘investor’ in Crypto circles  He was the co-founder of Counsyl, the Chief Technology Officer (CTO) of Coinbase, and former general partner at the venture capital firm Andreessen Horowitz.

He went one better and said it would happen in 90 days.

A lot of questions on LinkedIn came over the week focusing on whether this will happen or not.

Now, predicting any value instrument will go up (against the dollar), is just people using a smoke and mirrors trick to convince an audience they have some expertise they do not.

 

It’s a conjurors trick. a bit like being a stage magician.  Let me explain.

There are only two ways one instrument (in this case Bitcoin) can go against another (in this case $USD) – Up or Down. So statistically, the so-called guru already has a 50% statistical likelihood of being right if left to chance. It is the toss of a coin.

If they have a small bit of subject matter information, even if logically it isn’t 100% sound, then that pushes the likelihood over the 50/50 line in the direction of their thesis. Even if the margin changes to 53% v 47% , they are going to end up being right more than 53% of the time, because each new toss is slanted in their favour.. that’s sort of how ‘probability’ works.

Moreover – they have kept back copies of their predictions, and over time, they will bring you ‘Throwback’ references from past content to reinforce their credentials for a new prediction, but they will never make references to past examples of when it went wrong.

Statistical Airbrushing in play!

Srinivasan has gone one better, because he has actually put himself on the line to say it will happen in 90 days.

Anybody who has bet on Football or Boxing ( I don’t), knows the odds given by simply predicting the winner are way too low to benefit from. A reasonable return is only possible by predicting things like ‘who will score the first goal’ or ‘which minute the first goal will be scored in’ or predicting not only the victorious boxer, but in what round the match was won.

This introduces other variables into the prediction that moves it from being a binary one, making the outcome much harder to get correct.

There is no skill in predicting any fluctuating 2 directional variable will reach a specific milestone ‘sometime’ and in real terms, the condition being met can be meaningless – If you have a bitcoin that is valued at $25k which can buy 4 plots of land somewhere, then keeping the bitcoin until it reaches $1m is pointless if by that time $1m cannot buy more than 4 of those same plots of land.

Claiming to be a guru and celebrating ‘I told you Bitcoin would go to $1m’ in context is deceitful.

But Balaji Srinivasan has been very specific, and said it will happen in 90 days.

Will he be shown to be right?

Well, I won’t answer that, but I will provide you with the arguments to help you decide that for yourself!

The fundamentals –

Bitcoin is a value instrument. I talk frequently about blockchains being ‘sovereign’. Each one having their own currency. The Bitcoin cryptocurrency is the sovereign currency of the Blockchain Republic of Bitcoin just like the dollar is the sovereign currency of the US and the Naira is the sovereign currency of Nigeria.

Bitcoin price is driven by Supply and Demand.

What defines Supply?

‘Miners’ (computers programmed to solve cryptographic puzzles on the blockchain) add new blocks to the blockchain and get rewarded for work with Bitcoin. The total supply of BTC is limited and pre-defined in the Bitcoin protocol at 21 million, with the mining reward (how Bitcoins are created) decreasing over time. Roughly every 4 years, an event ‘the halving’ happens. Beyond this point, mining reward per block will be half what it was before.

Bitcoins can never really be ‘destroyed’ but they can be put permanently beyond use, through someone losing keys to access solutions such as wallets. There are also some wallets, or transfer conditions under which transferred bitcoin will neither give a send error from the sending app, nor arrive at the intended recipient. This also puts Bitcoin out of supply.

Hayes and Srinivasan

What creates Demand?

I’ve previously written on the importance of blockchains having utility. As ‘the Blockchain Republic of Bitcoin’ I call this the blockchain’s GDP. Just like a country in the real world. The more being generated inside the blockchain, and the more internal assets are traded through its coin, to internally active actors, the more robust it will be in the face of outside influences.

For such a huge market cap –  $469,522,992,501 USD .. there isn’t a huge lot going on inside the ‘Republic of Bitcoin’.  Its got the Lightning Network, and its got Ordinal, but if we look at the value being generated, then inside the BTC ecosystem, that market cap isn’t getting a lot done.

This means Bitcoin (at least for now) can’t be credited with its own value. It’s a mirror of things happening somewhere else.

And what is that somewhere else?

That somewhere else is the US Dollar! – the instrument which is more traded with Bitcoin than any other!  BTC rises or falls based purely on sentiment and mechanics of what’s happening in value instruments outside blockchain as a whole, particularly the $USD and its keepers.

So to anticipate what will happen to the Dollar, examine the US economy, examine in particular the mood of the US Government and the FED and their plans. Examine the impact of US International Trade and Foreign policy.

As the USD$ weakens, the value of Bitcoin in USD will strengthen and vice versa. DYOR. Keep watching. Forget about any charts about Bitcoin people display in online platform posts. This is only about the fortunes of the dollar and nothing else.

This is the key dynamic that drives speculative behaviour.

Watch the US Economy and other things that impact on the dollar and you will find your answer!

I’m more interested in blockchains whose coins have much smaller market caps, and have different utility going on in them, which makes their ‘GDP’. These are impervious to speculators because liquidity at any time is limited and its very difficult to buy or sell a holding substantial enough to make speculation worthwhile.

The increments over which coin value in USD rises or falls are much smaller than a speculative holding. But they are fine for the needs of those active in things that generate the blockchain’s ‘GDP’… which is well… sort of the idea!

So does that mean it is impossible to speculate on them? No. How is that possible? Maybe I will reveal it in another article! .. or maybe not!

 

9ja Cosmos is here…

Get your .9jacom and .9javerse Web 3 domains  for $2 at:

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All reference sites  accessed  25-26/03/2023

fool.com/investing/2023/02/14/cathie-wood-still-sees-bitcoin-reaching-1-million/

u.today/arthur-hayes-predicts-bitcoin-may-reach-1-million

en.wikipedia.org/wiki/Arthur_Hayes_(banker)

en.wikipedia.org/wiki/Balaji_Srinivasan

headtopics.com/us/who-is-balaji-srinivasan-and-why-should-we-care-about-his-1-million-bitcoin-prediction-36924681

The Recommendation Before The King and Lesson on Career Growth: “Remember me … mention me to Pharaoh”

By
Ndubuisi Ekekwe
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1

He was sold by his brethren, and later found himself in a jail with servants of Pharaoh. They dreamt and he interpreted their dreams, a pro bono service which he used to showcase his abilities. But he did one critical thing: he told one of the servants to remember him when he finally gets out of jail.

Then Pharaoh had a dream and was troubled. None of his astrologers and thinkers could help. And one of the jailed servants, now free, told Pharaoh: “Now there was a young Hebrew man with us there…he interpreted our dreams for us… And it came to pass, just as he interpreted for us, so it happened”. Pharaoh sent for Joseph, and he helped his master.

Some lessons here: 

(1) Joseph did a pro bono (not paid) and showcased his skills. And he added value.

(2) Joseph was very clear and told the servant to remember him. That request was clear and definite: “But when all goes well with you, remember me and show me kindness; mention me to Pharaoh and get me out of this prison.”

This is the deal: until people could recommend you in your absence, the promotion may not come. Joseph was recommended before the king while he was still in jail because he did a great job, and he also spoke for the person to put good words for him.

How many times have you asked your colleagues to put “some nice words” when necessary for you, besides them just thanking you for a job well done? In my family here, when we wake up, we ask the Lord “as you send your angels on assignments today to bless men and women, remember us. Our hands are raised up unto heavens, for your blessings and they cannot miss us. Find us in the day and in the night for your recommendations.”

As we sing in the Scripture Union, the next praise will be better because more songs will be discovered; may His Grace be in abundance. Happy Sunday.

Reference: Genesis 40 and 41

Comment on Social Feed

Comment 1: There’s a place for giving out value without necessarily expecting anything in return.

My Response: When you do that consistently, you are making it harder for others to get that value.  But if you encourage the recipients of that value to tell others where possible, you can share more value. See it from the angle that you want to help more even if that adds no value to you. Most times we wonder why Foundations built to spend money advertise what they do: they want to reach more people with value.

A good person can add value to others without expecting anything in return. Yet, there is nothing wrong if more people can also be helped. That differs from how I see law practice in Nigeria and the US. A lawyer can advertise his services on TV, radio, billboards in America with clients giving testimonials. In Nigeria, that is not allowed. The problem is that in Nigeria, discovering great lawyers becomes difficult. Even if the Nigeria lawyer is rich and does not care, that system hurts many who would have received value.

“There’s a place for giving out value without necessarily expecting anything in return. “ Yes, but think beyond the giver to others who are denied value.

Comment 2: Thank you for sharing the story of Joseph and the valuable lessons we can learn from it. Joseph’s pro bono service and clear request for the servant to remember him were critical factors in his eventual promotion. It is indeed essential to showcase our skills and ask our colleagues for recommendations when necessary. Additionally, your family’s practice of raising hands to heaven for blessings is a beautiful way to start the day. Happy Sunday to you too!

Comment 3: We all have same opportunities like Joseph to offer a voluntary service, request for a referral and to be gracefully skilled enough to meet & surpass the expectations of the king.

Comment 4: About 8 years ago, I interviewed with a great Company. I strongly felt that my knowledge and skills were a good match for the advertised opportunity. I went through 3 sets of management interviews. The opportunity was given to someone else. I used the interview process as a teachable moment. I knew that I needed to communicate better and be more likeable. Less academic and more of a leader.

During the interview process, I “connected” with one of the people who had interviewed me. Later on, we linked up on LinkedIn. I asked him to remember me in case any other opportunity cropped up in our field.

In 2018, he joined an even greater Organization. An opportunity cropped up for a Senior Manager. He was a Director. He remembered me.

We have been working together for almost 5 years. Great team leader. One of the best experiences of my career. I have done the same along the way. Mentioning and recommending deserving hard working people along the way.

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