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Big Eyes Coin, Nexo, And Cosmos: Altcoins That Should Be In Your Portfolio If You Desire Profit In 2023

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Promising crypto assets should top your buylist if you desire profits in the coming year. However, not all promising cryptocurrencies will fulfill their promises. Thus, crypto investors need to take extra care when making their Christmas crypto purchases.

Careful analysis of potential buys, staying updated with crypto news, and using expert predictions as a guide can help enthusiasts make the best purchase decision. Big Eyes Coin (BIG), Nexo (NEXO), and Cosmos (ATOM) are good crypto options to put into consideration if you desire profit. Purchasing these altcoins may turn out to be a great decision.

Nexo (NEXO) – The Crypto Lending Platform

Nexo (NEXO) is a high-rewarding lending and trading protocol. The DeFi platform supports lending and borrowing in up to 50 cryptocurrencies, a larger number than most of its competitors. Lending and borrowing on Nexo (NEXO) follow the conventional manner, but the platform boasts higher rewards and fast transaction speed. Users can be assured of optimum safety and security of their crypto assets on the highly functional platform.

Both lenders and borrowers are entitled to incentives on Nexo (NEXO). They can enjoy these incentives by leveraging the platform’s token, NEXO. Borrowers’ benefits are a discount on loan interest. You’ll also need the token to access Nexo’s (NEXO) crypto-backed loan option.

Lenders (liquidity providers) earn interest on their deposited crypto assets and get part of the platform’s trading fees when they stake their token holders. Nexo (NEXO) has become one of the most prominent DeFi protocols enjoying increased adoption. This positions its utility token, NEXO, for high-value increase months from now.

Cosmos (ATOM) – Endless Possibilities

Cosmos (ATOM) is a decentralized blockchain protocol with high interoperability. It facilitates seamless interaction between blockchains using Inter-blockchain communication (IBC) technology. This enables users to transfer data and exchange assets across different independent blockchains seamlessly.

Cosmos (ATOM) simplifies blockchain usage for developers. The environmental-friendly protocol is scalable, secure, fast, and efficient. Cosmos (ATOM) has its native token, ATOM, which helps maintain the platform’s security integrity. Users can also stake ATOM to earn more of the token. Cosmos (ATOM) boasts about $4 billion in market capitalization, making it a valuable crypto asset.

It had a decent rally in the previous year, setting an all-time high. However, the cryptocurrency has been unable to uphold its run since the inception of the bear market rally, causing it to decline in price. Cosmos’ (ATOM) reduced price is an opportunity for a fair return, as the cryptocurrency may experience another pump months from now.

Big Eyes Coin (BIG) – Presale Potential

Big Eyes Coin (BIG) could be a part of the foremost cryptocurrencies to yield great profit for you in the new year. The meme coin looks set to launch on crypto exchanges, and analysts have warned investors to expect the unexpected after it launches.

Per indication, Big Eyes Coin’s (BIG) unexpected success could mean an unprecedented price rally is around the corner for this new cryptocurrency. Crypto investors could be richer by merely having the meme coin in their holdings if it lives up to this billing.

Big Eyes Coin (BIG) isn’t short of what it takes to achieve market success. The crypto asset boasts prominence that equals and rivals some existing altcoins, and its utility will greatly contribute to its profit potential. Big Eyes Coin (BIG) utility will spread across DeFi and NFTs.

These are booming sectors with a high possibility of faring better in the coming year. Their predicted greater run in 2023 increases Big Eyes Coin’s (BIG) success potential.

The meme coin will feature an ecosystem of great rewards and benefits. The project’s native ERC token, BIG, will back activities in the ecosystem. These activities include trading in the marketplace, crypto assets exchange, rewarding, and rewarding.

Big Eyes Coin (BIG) could be the next big thing in the crypto market, and you should take advantage by joining its presale. When buying Big Eyes Coin (BIG) during the presale, make sure you claim bonus tokens by using the code: BIGsave186

 

Big Eyes Coin (BIG)

Presale: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

The latest in crypto the internet-famous Shiba Inu dog behind the “Doge” meme and coin is seriously ill, the legal battle between XRP issuer Ripple and the SEC nears an end, and Snowfall protocol (SNW) continues to dominate despite tough market conditions

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From a crypto community’s beloved pup’s illness to the latest on the XRP vs SEC front to a new market player, Snowfall Protocol (SNW), shocking critics with big moves ahead of the new year, this post will keep you up to date on the latest news in the cryptoverse.

Snowfall Protocol (SNW), despite still being in its presale phase, has repeatedly demonstrated that it is not just another cross-chain ecosystem. Snowfall Protocol (SNW) raised more than $3 million in just two presale rounds, sold out a day early in one of these rounds, and its third round, which is currently underway, continues to exceed expectations. Stick around as I’ll be sharing more about this gem. 

Shiba Inu Who Became Face of Viral ‘Doge’ Meme and Dogecoin Is Sick with Cancer, Owner Says

According to her owner, Atsuko Sato, Kabosu, the Shiba Inu dog who inspired the viral “doge” meme and Dogecoin, has been diagnosed with chronic lymphoma leukemia and acute cholangiohepatitis, an illness that causes an inflamed liver.

Initially, Sato reported on her Instagram that Kabosu had not eaten or drunk water on Christmas Eve. “Right now, the liver level is very bad and jaundice appears,” said Sato, who is a teacher in Japan. Her most recent post, however, showed Kabosu in several videos eating, drinking, and resting, with the dog’s appetite restored.

Kabosu grew in popularity on the internet after social media users began using a 2010 photo from Sato’s blog in memes. The memes depicted Kabosu smirking and would frequently be accompanied by comic sans captions written in two-word grammatically incorrect sentences, imagining how a dog’s inner monologues might sound.

Kabosu would later influence the development of and serve as the face of, Elon Musk’s favorite joke cryptocurrency, Dogecoin. Furthermore, an NFT of Kabosu’s iconic picture sold for $4 million in 2021.

Dogecoin currently ranks eighth in terms of market cap on CoinMarketCap, with a market cap of $9.4 billion. At the time of publication, it was trading at $0.070758, with a 24-hour trading volume of $334.2B.

Ripple (XRP) Continues on A Slide as Price Remains Tied to The Ongoing Ripple Case With SEC; There Are Speculations That the Case Is Nearing an End

Ripple’s (XRP) recovery has been cut short as the token continues to fall today. At press time, Ripple (XRP)has lost 3.4% intraday and is trading at $0.3463. This comes as the crypto community speculates that the case may be coming to a close, most likely in 2023. The SEC’s case has been a key price driver for Ripple (XRP) since the two-year-long court battle began.

The SEC recently filed a motion to restrict the Hinman documents, claiming that the documents should be kept private because they contain confidential information. In the past, William Hinman, former SEC Director of the Division of Corporation Finance, stated that Bitcoin (BTC) and Ethereum (ETH) are not securities.

If the SEC’s request is granted, the price of Ripple (XRP) will fall. This could explain why Ripple (XRP) investors were eager to lock in profits at the start of the week. A Ripple (XRP) victory on the other hand, would be a hammer blow to the SEC, likely easing the extended crypto winter. 

Snowfall Protocol (SNW) Continues to Dominate Despite Tough Market Conditions; What’s New This Week?

This week, Snowfall Protocol (SNW) reached an important milestone, confirming the expected early January launch. Snowfall Protocol (SNW) has sold over 85% of stage three Snowfall tokens (SNW) with less than a week until the official launch on January 3. These metrics, in addition to confirming investors’ enthusiasm for Snowfall Protocol (SNW), indicate that the Protocol (SNW) will launch without the need to burn any Snowfall tokens. The team had previously stated that if the final round did not sell out all tokens, the remainder would be burned before the official launch.

This achievement adds to Snowfall Protocol (SNW) long list of achievements—all while still being in the presale stage. Snowfall Protocol (SNW) raised $3 million in the first and second rounds of the presale. Overwhelming interest in the presale even led to the second round selling out early.

Snowfall Protocol (SNW) tokens are currently selling for $0.17, with a launch price of $0.2 expected. Snowfall Protocol (SNW) is expected to return up to 5000x returns after launch, making it an excellent addition to a winning portfolio in 2023. You can buy Snowfall Protocol (SNW) tokens today at:  https://presale.snowfallprotocol.io

Snowfall Protocol (SNW) is the first cross-chain ecosystem that allows the transfer of assets, both fungible and non-fungible, across EVM and non-EVM blockchains. Learn more about Snowfall Protocol:

Presale:  https://presale.snowfallprotocol.io

Website: https://snowfallprotocol.io

Telegram: https://t.me/snowfallcoin

Twitter: https://twitter.com/snowfallcoin

American Lawmaker Describes Short-Form Video Platform TikTok as an “Addictive Drug”

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United States House of reps member and incoming chairman of a new house select committee on China, Mike Gallagher, has described TikTok as a “destructive and addictive drug” being given to Americans by the Chinese government.

Mike likened TikTok to “Fentanyl”, a drug often used illicitly as a recreational drug, which is sometimes mixed with heroin, cocaine, and the likes.

While speaking about the short-form video platform in an interview, he said, “TikTok is highly addictive and destructive and we’re seeing troubling data about the corrosive impact of constant social media use, particularly on young men and women here in America, and also because it effectively goes back to the Chinese Communist Party.”

He further disclosed that the U.S government took the right step to ban the app on the devices of lawmakers, and he feels the ban should be extended nationally.

Recall that on December 27, 2022, the U.S. House Administration Arm banned TikTok from all House of Representatives-managed devices, citing high-security risk issues.

The decision follows other moves by states and lawmakers to curtail the use of TikTok by government officials.

The U.S lawmakers described the app as posing a huge security risk to users and also to the country. They have so far expressed concern about the possibility that the Chinese military could demand the private data of American TikTok users for intelligence operations.

Recall that on December 26, 2022, Tiktok’s parent company Bytedance reportedly fired four of its employees over the improper assessment of U.S journalists’ personal data on the platform.

In a report released, the employees accessed the IP addresses of two U.S based reporters via their TikTok accounts, one of which is a staff at BuzzFeed news and the other one a staff at the financial times.

Since 2020, the short-form video platform has been negotiating with the US government on a potential deal to resolve the national security threat, urging that the app should remain available to US users.

Unfortunately, the plea has been followed with widespread apathy and criticism, which has led to an apparent lack of progress in its talks with the US government.

The U.S house of representatives has continued to push for the app to be banned from government devices and potentially more broadly.

In addition to an earlier decision by the Congress prohibiting the installation of TikTok on government-owned devices,19 states have at least partially blocked the app from state-managed devices,

US Congress May Introduce More Social Media Regulation Bills in 2023

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The United States is likely going to introduce tighter regulations for social media companies in 2023, as concerns continue to arise over accelerating antitrust issues.

In 2022, both states and the Congress enacted laws targeting social media companies. TikTok and Meta were at the center of antitrust probes that have spilled into the New Year. Lawmakers, Rep. Mike Gallagher (R-Wis.) and Sen. Amy Klobuchar (D-Minn.), said the social media scrutiny, particularly on TikTok, is expected to continue in 2023.

TikTok has been on the radar of the US authorities mainly due to its ties to Beijing. Late last year, a number of states passed laws prohibiting the use of the short-form video app by state employees or on government-issued devices. The step, which the federal government has also taken, was deemed necessary because of the growing perception that TikTok poses a national security threat.

On NBC’s “Meet the Press” on Sunday, Gallagher compared TikTok to “digital fentanyl.” He said he views the app as dangerous, describing it as “destructive.”

“It’s highly addictive and destructive. We’re seeing troubling data about the corrosive impact of constant social media use, particularly on young men and women here in America,” he said.

The growing apathy toward TikTok was notable last month in the swift passage of a bipartisan bill banning the use of the app on government phones by the Congress.

TikTok has recorded intimidating growth over the past few years, seeing more than 1 billion users per month. The company has repeatedly denied any involvement with the Chinese government as it currently has no database in China, but that has not in any way mitigate the US government’s concern that users’ data could be accessed by the Chinese Communist Party.

On the other hand, Meta’s Facebook got a full dose of scrutiny in 2021 following the leaked documents by its former product manager, Frances Haugen, which accused the social media company of choosing profit of morality.

The leaked documents revealed Facebook’s internal response to a series of issues. The issues include exemptions for high-profile users, impacts on youth, the effects of its 2018 algorithm changes, weaknesses in the response to human trafficking and drug cartels and vaccine misinformation, among other things.

Meta’s CEO Mark Zuckerberg had to testify before Congress following the whistleblower’s claims.

Haugen, who was also on “Meet the Press” said the US is far behind when it comes to social media regulation.

“This is like we’re back in 1965, we don’t have seatbelt laws yet,” she said. Haugen added that social media platforms like TikTok, Facebook, Twitter and YouTube operate using similar algorithms, and that regulators should push for more transparency about how they work as a first step.

Meta’s other social media platform, Instagram, was also accused in 2021 of harming kids. The flurry of antitrust issues involving Big Tech prompted a bipartisan bill called “American Choice and Innovation Online Act.” The bill aims to curtail the influence of social media companies, but it failed to pass last year.

However, a new legislation may surface this year to tackle most of the concerns.

Before You Waste Money on that Social Media Influencer

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Before you waste that money on a social media influencer, ask yourself one question: is my product transactional in nature? In this context, a transactional product is one where users can visit a website/app, and transact businesses, and every aspect is concluded right there. An example is using an app to pay for a digital product; when paid and product downloaded, everyone is happy.

A non-transactional product is one where concluding the “influencing process” activates a long term contract. An example is purchasing an insurance policy. As a business owner, if you use an influencer for a non-transactional product, and you have not invested too deeply in your brand, you are wasting your money.

Indeed, in Nigeria, influencers have no capacity to transfer their powers to get people to buy that insurance policy when the users do not trust the policy provider. In other words, many influencers will struggle to sell an insurance policy on social media if users do not have confidence in the insurance company. But for a transactional product, users will not mind as the risk is bounded on time, and recovery is faster in hours, or worst days.

As you allocate your marketing budget in 2023, put your thinking cap on the effervescence of most influencer marketing. Yes, we do not want you to waste money. Of course, as you allocate your resources, make sure your products are aligned with the community that person is influencing.  Spending money to reach a community which is being influenced on clean shaves when your product helps to grow mustaches may not be financially prudent.

I invite you to spend time in Tekedia Institute. We make businesses and professionals better by educating on common sense constructs. In the next edition, starting Feb 6, 2023, I will teach a new course called “The NEP Framework – Discovering and Listening to Customers.” Register here https://school.tekedia.com/course/mmba10/ for N90,000 or $170.

Comment on Feed

Comment 1: Prof., thank you for sharing this. When considering whether to employ social media influencers for marketing, businesses must consider the nature of their product. Transactional products, such as digital downloads or e-commerce transactions, may be more suitable for influencer marketing because the transaction is quick and the risk is low. Non-transactional services, such as insurance policies, may require longer-term engagement and trust-building with potential clients, which may be more difficult to achieve through influencer marketing alone. As a result, it is critical for businesses to carefully consider their marketing strategies and make the best use of their resources.