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Home Blog Page 4423

How to Maintain Your Mental Health in Times of Currency Scarcity

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Every election year, Nigerians are usually made to pass through various hardships driven by the antics of the politicians and their supporters. This is also possible in other democracies. However, considering the complexities of Nigerian politics, one could say Nigerians are being forced to experience unnecessary hardships before, during and after elections. This position has been discussed at different fora within and outside the country.

As Nigerians and businesses continue experiencing the unintended consequences of the current naira note redesign and swap, which have been primarily linked to power plays within the ruling party (APC) and between the ruling party and opposition parties as well as the Central Bank of Nigeria with commercial banks, our analyst notes that people need to consider their mental health critically. This is premised on the level at which people are struggling to cope with financial insecurity, which is leading to increased levels of stress, anxiety, and depression.

Here are a few steps to help you manage stress and anxiety.

Acknowledge your feelings: It is important to recognise that scarcity can cause fear and anxiety and to acknowledge that these are normal and valid responses. If you are feeling overwhelmed, don’t be afraid to talk to someone about it.

Stick to a routine: Establishing a routine can help reduce stress and provide structure. Try to stick to a regular sleep schedule and practise relaxation techniques such as deep breathing, mindfulness, and yoga.

Focus on what you can control: Currency scarcity may be out of your control, but there are things you can do to manage the situation. Try to stay informed, but limit your exposure to news and media that focus on scarcity.

Stay connected: Reach out to family, friends, and other support networks to talk about your feelings and ask for help. Staying connected to your support system can provide comfort and help reduce stress and anxiety.

Take care of yourself: Make sure to maintain a healthy diet, exercise regularly, and get enough sleep.

How El-Rufai Formed and Disentangled Material Knots on New Naira Notes

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As Nigerians and businesses continue to feel the effects of the government’s currency redesign, various narratives have emerged and are being expressed by state and non-state actors across the country. From some state governments to the federal governments, the policy is good but is being poorly implemented by the Central Bank of Nigeria and other stakeholders. After several days of engaging and discussing the implementation within the executive sphere, some of the state governments approached the judicial sphere, calling on the Supreme Court to halt the implementation process in order to reduce the pain people and businesses are expressing. The court gave its verdict after interpreting evidence from the state governments and ordering the federal government and the apex bank to stop the implementation of the policy. Despite the judgement, the bank reaffirmed its decision regarding the deadline, while the Federal Government later tweaked its position after consultation with the Council of States, saying only the N200 note should be circulated along with the redesigned N500 and N1,000.

Some state governments are still concerned about this decision. Governor Nasiru El-Rufai of Kaduna State recently communicated with the people of his state through a state broadcast. Our analyst examines his 3,016-word speech, which emphasises the position of some state governments on how the Federal government and the bank have been implementing the policy, with a specific focus on the pain less privileged citizens and small businesses are experiencing, rather than the political elites, kidnappers, and terrorists the policy primarily targets.

After subjecting his speech to discursive material knot analysis, which establishes how a speaker identifies and integrates some material elements towards revealing his position on topics of discussion, our analyst discovered that Governor El-Rufai constantly changes his position and the meaning constructed for the policy. Sometimes, the governor develops a sedimented meaning around the pain people are expressing while antagonising the federal government and the bank’s stance, saying the duo are being misled by some elements who failed to have tickets for contesting various political offices under the All-Progressives Congress (APC).

Our analysis reveals that the governor’s first statement serves as the nodal point for vigorously utilising state, new naira notes, Nigeria, and the Interim National Government as the discursive material knots for establishing his position that the elements in the federal government are working towards foisting an Interim National Government on the people. He also believes that politicians already have access to several million of the new notes. This suggests that policy implementers are not doing enough to restrict politicians’ access to the new notes.

Nodal Point Statement

With just about 100 days before leaving office, and elections just round the corner, it was my intention to host another media chat to interact with the people of our state in the next few days. While I still hope to do so, I feel the need to address you all today due to the unprecedentedly cruel situation our people and their livelihoods have been thrown into, particularly in the last two to three weeks by the decisions, actions and inactions of the Federal Government of Nigeria.

Exhibit 1: Interconnectivity of Elements with the Nodal Point Statement

Source: Infoprations Analysis, 2023

State

I am referring here to the comments by the candidate of one of the opposition parties who expressed opposition to the recommendation first of the APC state governors, and subsequently of all the governors under the auspices of the Nigeria Governors Forum that the implementation timeline be extended, to enable the old and new notes to be legal tender side by side until the cash shortage ends.

New Naira Notes

Yet, the politicians that the officials have convinced the President to regard as the real targets of the currency redesign policy have not been impeded in any way by it so far. Indeed, two of the presidential candidates, and a running mate of the opposition parties own or have preferred access to some of the licensed banks. For that reason and by various clandestine arrangements, these politicians have access to hundreds of millions of these new notes, while the traders, merchants, students and other citizens are queuing for days to withdraw a few thousand Naira just to buy food and necessaries.

Nigeria

There is no reason why the old notes and the new notes should not coexist until the old notes are gradually withdrawn over the years as is done in the United Kingdom, Saudi Arabia and other countries. It is unfortunate that in implementing this policy, Nigeria is departing from global best practise, without any compelling justification. The Kaduna State Government did all these, not in opposition to any person or authority, but because we stand with our people and their interests.

Interim Government

Ensure that the cash crunch is so serious, along with the contrived and enduring fuel shortage existing since September 2022, that the 2023 Elections do not hold at all, leading to an Interim National Government to be led by a retired Army General.

Exhibit 2: Discursive Material Knots

Source: Infoprations Analysis, 2023

Shiba Inu (SHIB) and Dogecoin (DOGE) Top Of Decentralized Token List. Where Does TMS Network (TMSN) Fit into The DeFi Equation?

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DeFi (Decentralized Finance) is a financial system, built on blockchain technology and operating without intermediaries. DeFi apps provide financial services without the need for traditional financial institutions, creating an open and accessible financial system for all. TMS Network (TMSN), now in the beginning stages of phase 1 presale at $0.0047, offering an exciting opportunity in the DeFi sector.

Shiba Inu (SHIB) – A Decentralized Meme Turned Blue Chip

Shiba Inu (SHIB) is a decentralized token built on the Ethereum (ETH) blockchain. Shiba Inu (SHIB) operates on a peer-to-peer network with no central authority or intermediaries controlling Shiba Inu (SHIB).

Shiba Inu (SHIB) has returned truly astronomical returns, made several people millionaires, and even delivered a few billionaires. There are many reasons for Shiba’s success, one of which is that Shiba Inu (SHIB) has an incredibly low price point, coming in at several fractions of a fraction of a cent.

This enables some of the smallest microtransactions used in several crypto platforms, increasing its accessibility. Markets value assets with a solid reason for existing, and Shiba Inu (SHIB) rewarded its holders with remarkable profits.

Shiba Inu (SHIB) became a permanent member of the Cryptoverse Top 20, trading about half a billion dollars daily. The long-term forecast for Shiba Inu (SHIB) is bullish, making it a valuable asset in any investor’s portfolio.

Dogecoin (DOGE) – A Meme Making Millions for Many

Dogecoin (DOGE) was created as a light-hearted token and established a strong online community and brand identity. One of Dogecoin’s (DOGE) unique selling points is its fun and playful personality, embodied by the Shiba Inu dog mascot and the “Doge” meme.

This has helped it garner a large following on social media and online forums, which has, in turn, generated significant interest in Dogecoin (DOGE). Additionally, Dogecoin (DOGE) has a fast block time, low transaction fees, and a large and active development community, making Dogecoin (DOGE) a suitable choice for small transactions and online tipping.

Dogecoin (DOGE) has been used for charity donations and is accepted as payment by online merchants. Dogecoin’s (DOGE) continued popularity has helped it establish a significant market presence, embedding Dogecoin (DOGE) as a stalwart in the Cryptoverse Top 10.

Dogecoin (DOGE) slipped in the 2022 bear market but is showing a steady upwards recovery moving into the new year. Dogecoin (DOGE) is here to stay, and it is fair to say that it is no longer an altcoin but has earned its place as a legitimate token.

TMS Network (TMSN) – A Decentralized Exchange for Decentralized Finance.

TMS Network (TMSN) is a decentralized trading platform, offering secure and efficient investment opportunities. By cutting intermediaries, TMS Network (TMSN) lowers fees, quickens transactions, and improves trading conditions. TMS Network (TMSN) is scalable and user-friendly and promotes financial literacy with included educational resources.

TMS Network (TMSN) promotes decentralization by utilizing secure blockchain technology, enabling users to confidently manage their investments. The goal is to make trading accessible to everyone, promoting stability and trust in the market.

Stability and trust are big words in the cryptoverse, where the market is rife with volatility and bit-players. Analysts are noticing TMS Network’s (TMSN) offering in this volatile market and are touting TMS Network (TMSN) as a project which will inevitably run with the ‘big dogs’ in the crypto hit parade especially with a price of $0.0047.

Presale: https://presale.tmsnetwork.io

Website: https://tmsnetwork.io

Telegram: https://t.me/tmsnetwork

Twitter: https://twitter.com/tmsnetworkio

Shiba Inu And Avalanche Hit Monthly Lows, Orbeon Protocol On Track For Additional Price Increase

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Shiba Inu (SHIB) and Avalanche (AVAX) have both struggled after strong January performances. Both projects were predicted to rise in February, however, they have seen price declines throughout the month.

While trading volume surges suggest investors remain bullish, their confidence could be called into question if Shiba Inu (SHIB) and Avalanche (AVAX) continue to decrease. At the same time, Orbeon Protocol (ORBN) is on track for an additional price surge past its 1815% gains already, making it a great alternative for investors looking to boost their portfolios.

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Shiba Inu (SHIB) Investors Remain Bullish

Shiba Inu (SHIB) has one of the most exciting communities of any cryptocurrency project. First created in 2022, the Shiba Inu (SHIB) community rivals Dogecoin (DOGE), with hopes of becoming the world’s number one memecoin. While it only reached an all-time high of $0.00008616, investors believe that Shiba Inu (SHIB) could offer huge returns in the future with the support of its community.

Over the past two weeks, the value of Shiba Inu (SHIB) has decreased significantly. Many holders are attributing this decrease to a simple market correction, and believe that Shiba Inu (SHIB) could surge once it’s finished. This is shown by an increase in trading volume, with Shiba Inu (SHIB) being one of the most traded cryptocurrencies in the market.

Avalanche (AVAX) Down By $5, But Trading Volume Rises

Avalanche (AVAX) is a DeFi project that lets developers create and scale decentralized applications. Known as dApps, decentralized applications are currently limited by the platforms they’re built on, which experience issues with scaling, transaction speeds, and centralization.

With Avalanche’s (AVAX) consensus protocol, users can experience high throughput, low latency, and industry-leading security, which makes Avalanche (AVAX) a fantastic option for development teams.

Avalanche (AVAX) is currently the third largest blockchain based on total value locked (TLV), with a valuation of $5.2 billion. Avalanche’s native token, AVAX, is also a popular investment and reached highs of $144.96 in November 2021. One Avalanche (AVAX) token is now worth just $17.11 and has decreased in value by over $5 in the last week. This has created doubt amongst some investors, though trading volume continues to rise.

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Orbeon Protocol (ORBN) Price To Increase In Seven Days

While the general market corrects itself, Orbeon Protocol (ORBN) continues to thrive. Since its presale started in October 2022, the value of Orbeon Protocol (ORBN) has increased from $0.004 to $0.0766, with additional price surges predicted before its presale ends.

Orbeon Protocol (ORBN) showcases a dynamic DeFi ecosystem, including its one of a kind DeFi launchpad. The Orbeon launchpad allows startups to raise funds by selling NFTs to general investors. This also lets them build a community of loyal investors.

As startup investments are known to be risky, Orbeon Protocol (ORBN) will put every startup through a strict vetting process before they can sell NFTs. Startups are then required to hit funding targets as part of Orbeon Protocols’ “Fill or Kill” mechanic, otherwise, investors will be refunded.

With just 888 million Orbeon Protocol (ORBN) tokens in circulation, and 53% being sold to the public during the project’s presale, each presale round is selling out faster than the last. Analysts predict that Orbeon Protocol (ORBN) could hit highs of $0.24 before its presale ends, which, alongside a range of holder benefits, makes Orbeon Protocol (ORBN) a great investment for 2023.

 

Find Out More About The Orbeon Protocol Presale

Website: https://orbeonprotocol.com/

Presale: https://presale.orbeonprotocol.com/register

Polygon (MATIC) Price Prediction: RenQ Finance (RENQ) Set For 8000% Gains in 2023

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Polygon (MATIC) has been one of the most talked-about cryptocurrencies in the market recently, with many investors and traders eagerly watching its price movement. However, there is a new player in town that experts believe could outperform MATIC in the long run: RenQ Finance (RENQ).

According to some analysts, RENQ is poised for an 8000% gain in 2023, making it one of the best long-term investment opportunities in the crypto space. RENQ’s unique approach to decentralized finance (DeFi) and its innovative technology has attracted a lot of attention from investors and developers alike.

With its fast transaction speeds, low fees, and interoperability, RENQ is well-positioned to become a major player in the DeFi ecosystem. The team behind RENQ is also highly experienced and has a strong track record in the blockchain industry, which has further fueled investors’ confidence in the project.

As with any investment, it’s important to do your research and assess the potential risks and rewards before making any decisions. However, if the experts are to be believed, RENQ could be a highly profitable investment opportunity for those willing to take a chance on a promising new player in the crypto space.

Polygon (MATIC)

Polygon (MATIC) is an Ethereum-based token that fuels the Polygon Network, which is a framework and protocol designed for constructing and linking Ethereum-compatible blockchain networks. As a Layer-2 solution, Polygon was created to enhance the Ethereum network’s scalability and functionality.

Recently, Polygon has become a hot topic in the cryptocurrency community following the transfer of 14% of the total MATIC supply from its vesting contract. This transfer involved the movement of 1.4 billion MATIC tokens, which caused a stir in the crypto market.

Polygon’s team has announced that the 1.4 billion vested MATIC tokens will be distributed among various project components. Of this amount, 200 million MATIC will be allocated for staking rewards, 546.6 million MATIC will be added to the foundation’s treasury, and 640 million MATIC will be given to the team.

Despite experiencing significant corrections in its price since the beginning of last year, Polygon crypto has maintained strong support at $1.27 until the crypto market crashed in May. While MATIC’s price predictions indicate significant potential, major milestones are yet to be accomplished. Various price targets will be mentioned in conjunction with its price action.

Volatility is a significant factor in Polygon crypto trading, as it is with all cryptocurrencies. Despite the pandemic’s impact on fiat currencies, cryptocurrencies like MATIC surprised the world with gains during the crisis. Thus, volatility is a crucial aspect of Polygon crypto trading.

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RenQ Finance (RENQ) Set For 8000% Gains in 2023

RenQ Finance has been gaining attention in the cryptocurrency world due to its innovative features and promising prospects. RENQ aims to provide a comprehensive platform for all kinds of traders in the DeFi space, with the benefits of both centralized and decentralized exchanges.

The platform is designed to offer a variety of features, including cross-chain asset exchange, derivatives trading, margin trading, and more. RENQ’s governance token, RENQ, will play a central role in the ecosystem, providing users with a say in key decisions and the ability to stake and earn rewards.

RenQ Finance has already completed a successful presale, raising $3,657,500 to fund development and expansion. The project has also secured partnerships with a range of key players in the cryptocurrency space.

While the potential for 8000% gains in 2023 may be an optimistic projection, RenQ Finance’s strong community, innovative features, and strategic partnerships suggest that it may have significant potential for growth in the years ahead.

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Visit the links below for more information about RenQ Finance (RENQ):

Presale: https://renq.io
Whitepaper: https://renq.io/whitepaper.pdf
Telegram: https://t.me/RENQFINANCE