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Lagos State Gets Approval for the Construction of Lekki International Airport

By
Samuel Nwite
-
1

Lagos State Government has secured approval from the federal government for the construction of the Lekki International Airport in the Lekki-Epe axis of the state.

The approval was presented during the Lagos Economic Summit, Ehingbeti2022, by the Minister of Aviation, Hadi Sirika, to the Lagos State Governor, Babajide Sanwo-Olu, on behalf of the Federal Government at Eko Hotel and Suites, Lagos.

“In the name of God the most merciful, we in the Civil Aviation Ministry are pleased to issue out this approval to Lagos State. May it be a vision to Lagos, to its people, its future, its fortune, the country, and to humanity,” Sirika said as he presented the approval to the state governor.

Sanwo-Olu, who described the approval as a ‘milestone’, said the Ehingbeti2022 summit will yield a lot more positive news for Lagosians.

“Dear Lagosians, today, we received the approval for the construction of the Lekki Epe Airport at the Lagos Economic Summit, #Ehingbeti2022.

https://twitter.com/jidesanwoolu/status/1579889033500848128?s=20&t=pG7yG1JiE-uWdxG8OElD3A

“This announcement is part of a series of milestone achievements we will be announcing at the 9th edition which I declared open today.  The theme of this year’s summit captures all we have been doing in Lagos since the first edition of Ehingbeti,” the governor said.

The construction of the airport is billed to commence in 2023, according to the Lagos State Government.

Sanwo-Olu explained that Ehingbeti2022 is a forum for all stakeholders in Project Lagos to exchange ideas and chart a path towards accelerating sustainable economic growth in Lagos State. The yearly summit is designed to boost Lagos State’s status as an economic powerhouse and hub, not just in Nigeria, but also in Africa.

The accelerated approval for the Lekki International Airport is in addition to the Lekki Deep Seaport, which was launched earlier this year. Sirika said the federal government did not hesitate to grant the approval for the new airport because of what Lagos represents in Nigeria.

“This city, which houses about 26.7 percent of national GDP, housing our stock exchange, 200 financial institutions, 25 million people, on 5,377 square kilometres of landmass plus Eko Atlantic, plus all the industries, the rich culture, the tradition, the history, the tourist attraction the Eyo Festival, and so on and so forth, needs to be connected to the world to continue to be the center of the economy of the activity of the country, Nigeria.

“And the only way you can link this city of Lagos to the world is obviously — not the only way, but the best way to connect — by infrastructure.

“So, when his Excellency, the governor, approached us in [the] civil aviation ministry and says he wants to build an airport in Lagos, another airport? I said yes, this is a huge step in the very right direction. And the reason is simple. Like I said, in my days of Lagos, the terminal point is MaroKo, Sandfield. When you go there, you only go to mechanic to do panel beating for you — that’s it.

“But today, from here, all the way to outer VGC, all the way to Epe, it’s Lagos. The expansion is astronomical, it’s huge, it’s big. The ideas and the size of the economy is good and big. So you need to continue to link Lagos, not only with Nigeria, [but] Africa and the world.

“So if you look at all these financial institutions, the 200 industrial estates and the Eko Atlantic, there must be a way that these people will come in and out of Lagos on another alternatively, which is the airport in Lekki. Your Excellency, the governor, this is a huge step in the right direction, we didn’t waste time to give the approval. And we’re happy to present the certificate today,” he said.

Apart from the economic value to the state government, the Lekki International Airport is expected to ease life for people around the Lekki-Epe area, who usually have to lodge close to the Murtala Mohammed Int’l Airport, Ikeja, to keep to their flight time.

Nigeria’s Oil Production Drops for the Third Consecutive Month, Stays Below 1mbpd

By
Samuel Nwite
-
0

End is not really in sight to Nigeria’s revenue crisis strongly tied to shortfalls in the oil sector. This is because oil production has continued to drop owing to thieving.

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said in its latest crude oil and condensate production data for September 2022, that Nigeria’s crude oil production dropped to an average of 937,766 barrels per day (bpd) in September.

According to the data reported by TheCable, the production figure is 3.56 percent or 34,628 bpd lower compared to the August 2022 output at 972,394 bpd, which represents a third consecutive all-time low in production.

The data goes on to reveal that with the addition of condensate, oil output plunged to a total of 1.14 million bpd from 1.18 million posted last month.

Condensate is a mixture of light liquid hydrocarbons, similar to a light (high API) crude oil — usually separated out of a natural gas stream at the point of production (field separation) when the temperature and pressure of the gas are dropped to atmospheric conditions.

The latest decrease adds to the sequence of drops in oil production that has been consistent since early this year.  TheCable noted that in January, February, March, April, and May, the country’s crude oil production averaged 1.39 million bpd, 1.25 million bpd, 1.24 million bpd, 1.22 million bpd, and 1.02 million bpd, respectively. Also, crude oil production averaged 1.16 million bpd and 1.08 million bpd in June and July, respectively.

The NUPRC’s data for September underscores the height of the government’s helplessness in the face of vandalism and oil theft sabotaging Nigeria’s economy.

The N20.51 trillion 2023 Appropriation Bill presented last week before national assembly by President Muhammad Buhari is expected to incur N10.78 trillion deficit as a result of the oil revenue drop.

Nigeria is said to be losing nearly half of its oil production to thieves. Last week, the chief executive officer of the Nigerian National Petroleum Company Limited (NNPC), Mele Kyari, announced the discovery of an illegal 4-kilometre (km) pipeline from Forcados terminal to the sea, and a loading port he said had operated for nine years.

“Every two days, you are talking of almost $150 million down the drain, that’s what the nation is losing as we speak,” Kyari had said.

He further said Nigeria was suffering from underproduction to the tune of 600,000 bpd which largely falls short of the 1.8 million bpd production quota set by the Organization of Petroleum Exporting Countries (OPEC).

Though the NNPCL has launched a full-scale war against oil thieves, the result may take a while to be noticed.

In 2023, I Expect Light Manufacturing To Receive Priority Support from Nigerian Government

By
Ndubuisi Ekekwe
-
1

The political manifestos are emerging – and we can understand one thing: Obi, Atiku and Tinubu want to decouple Nigeria’s future from hydrocarbons. Obi was crystal clear: “diversion from oil dependency”. As I study the emerging documents, one can see a sense of optimism provided the promises could be executed. That has been the challenge in Nigeria – campaign promises are never followed up after elections.

Hoping that the redesign will be different in 2023, I posit that light manufacturing will be a growth policy area. None of the candidates has made mindless promise of “fiatly” strengthening the Naira. But reading some documents, you can see that the playbook is to improve balance of payment and trade. And if they succeed, Naira will have a better outlook.

Light industry are industries that usually are less capital-intensive than heavy industry and are more consumer-oriented than business-oriented, as they typically produce smaller consumer goods. Most light industry products are produced for end users rather than as intermediates for use by other industries. Light industry facilities typically have less environmental impact than those associated with heavy industry. For that reason zoning laws are more likely to permit light industry near residential areas.

The strength of Naira does not come from the central bank’s headquarters or bank branches. Nigerian warehouses and factories (the industrial age and knowledge age types) will provide whatever Naira needs to compete as a currency globally. There is no better way than to make more things in Nigeria.

Atiku has made many statements on revitalization of industries. Obi has used the word “production” a lot. Through Tinubu’s proxies, we can extrapolate the same; he has not been speaking a lot. So, the clear conclusion is this: making things in Nigeria will deliver alpha. I understand the challenge of electricity. Yes, it is a concern but every day, I have seen how gasification is evolving in Nigeria. Indeed, more plants will be powered by gas than diesel over the next few years. That will provide marginal cost positioning until the nation finds a solid solution to energy.

If you want to win, think what you can make using local raw materials in the nation. You will make great friends with policy makers as 2023 loads. Light agro-processing will give you a solid positioning of using one stone to kill two birds (food security and diversion from oil).

Top 15 New Cryptocurrency to Invest in Today

By
TI Partners
-
1

The crypto market is constantly evolving, with new coins and tokens launching regularly. These up-and-coming cryptocurrencies have the potential to challenge the dominance of leading coins like Bitcoin and Ethereum by offering more advanced functionality or tackling key issues that these cryptocurrencies have yet to address. For example, some newer coins are focused on specific use cases, such as privacy, whereas others are working to develop faster and more efficient payment rails.

With so many exciting projects already out there and even more currently in development, it is clear that there is still plenty of room for growth in the crypto market. At the same time, however, investors must remain vigilant in their due diligence and make sure they do their research before taking the plunge into this ever-changing realm.

Through careful analysis, traders can get a sense of which new cryptocurrencies will ultimately be successful and which will fall by the wayside. Ultimately, this dynamism makes crypto such an exciting asset class to invest in – one that has plenty of opportunity for those with the right insight and knowledge.

Thankfully, you are at the right place for all the information you need on new cryptocurrencies. This guide looks at 15 new cryptocurrencies to invest in 2023, and where to buy them.

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Top New Cryptocurrencies to Buy and Invest in Today – An In-depth Look

  1. Avalanche (AVAX) – One of the best new Ethereum competitors in the market today
  2. Fantom (FTM) – Top platform blockchains with competitive fees
  3. Hedera Hashgraph (HBAR) – New cryptocurrency with a revolutionary consensus mechanism
  4. Theta (THETA) – Best new cryptocurrency looking to revolutionize video streaming
  5. Dogecoin (DOGE) – Top new cryptocurrency in the fast-growing meme space
  6. Crypto Snacks (SNACK) – A new high-growth gaming crypto.
  7. ApeCoin (APE) – Top NFT cryptocurrency with lots of growth potential
  8. DeFi Coin (DEFC) – A new cryptocurrency in the fast-growing DeFi ecosystem
  9. Cosmos (ATOM) – Best new cryptocurrency for inter-blockchain communication
  10. Polkadot (DOT) – Scalable cryptocurrency for Web 3.0
  11. Terra Classic (LUNC) – Top new cryptocurrency with a solid community
  12. Chainlink (LINK) – New growth cryptocurrency for smart contracts data
  13. Shiba Inu (SHIB) – New meme coin with a strong community behind it.
  14. Near Protocol (NEAR) – A new highly scalable platform blockchain.
  15. Ankr (ANKR) – Unique new cryptocurrency with cross-chain functionalities.

>>>Buy New Cryptos Now<<<

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A Comprehensive Look at The Best New Cryptocurrency to Buy

When it comes to investing in cryptocurrency, investors must consider many different factors. First and foremost, it is crucial to ensure that any potential investment is suitable for your overall portfolio – whether this means ensuring sufficient risk level or ensuring diversity among different financial assets.

Luckily, our list of top 15 new cryptos to buy today provides a perfect range of options – with something to suit all types of investors. Whether you’re looking for a more conservative asset with lower risk but good returns or a more high-risk asset with the potential for greater rewards, you will find an option on this list that meets your needs.

To help you make an even better choice, here is an in-depth look at the top future cryptos to invest in right now.

1.   Avalanche (AVAX) – One of the best new Ethereum competitors in the market today

Platform blockchains are growing in adoption, making Avalanche one of the best new cryptocurrencies to buy now.

Avalanche has emerged as a highly-promising blockchain platform for developers looking to build decentralized applications. Unlike its larger and more established rival, Ethereum, Avalanche offers a faster and more scalable platform, making it ideal for large-scale Dapps that require high transaction speeds.

In addition, the fact that Avalanche is made up of three different blockchains further sets this platform apart from its competitors. This modular architecture gives users greater control over their transactions while also minimizing fees by enabling them to opt-in or out of specific chains based on their needs. Thus, with its innovative design and lower operating costs, Avalanche offers a compelling alternative to both Ethereum and other dApp platforms vying to establish themselves as the dominant player in this space.

With Ethereum fees still high even after the merge, Avalanche stands out as one of the best cryptocurrencies to buy and hold.

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2.   Fantom (FTM) – One of the best platform blockchains with competitive fees

Fantom is disrupting the platform blockchain space, putting it on the list of high-potential new cryptocurrencies to buy in 2023.

Fantom has quickly gained popularity among investors and crypto enthusiasts, and for good reason. One of the key features that sets it apart is its tech which is more advanced than blockchain.

Fantom’s tech enables it to offer lower fees and faster transaction speeds than traditional networks like Ethereum. This is especially important for investors who have grown frustrated with rising fees and sluggish transaction speeds.

At the core of Fantom’s design are its unique consensus algorithms, allowing for fast transaction validation without sacrificing security or decentralization. And thanks to its innovative Lachesis protocol, data transmission on the Fantom network is not only quick but reliable as well.

Overall, it’s clear that Fantom offers many advantages over other blockchain networks, making it an attractive option for anyone looking to invest in this exciting new technology.

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3.   Hedera (HBAR) – Top new cryptocurrency with a revolutionary consensus mechanism

Of all the top new cryptocurrencies to buy and hold, Hedera is easily one of the most undervalued cryptocurrencies in the market today. That’s because it uses a technology that is significantly more advanced than blockchain, especially in scaling.

Unlike most other blockchain-based projects, Hedera isn’t actually a traditional blockchain. Instead, it uses an advanced directed acyclic graph (DAG) Protocol to facilitate fast transactions and high scalability. This makes Hedera Hashgraph incredibly fast and efficient, making it an attractive alternative to traditional blockchains for many different types of applications.

However, one of the main criticisms of Hedera Hashgraph is that it isn’t truly decentralized or trustless, as the platform relies on a small set of trusted nodes to verify transactions. Despite this drawback, however, Hedera remains an exciting and innovative project that is sure to play a major role in shaping the future of distributed networks.

Thanks to its high transaction speeds, it is one of the new cryptocurrencies that could rival traditional payment networks such as Visa. For this alone, it stands out as one of the new cryptocurrencies that could rally in 2023.

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4.   Theta (THETA) – Best new cryptocurrency looking to revolutionize video streaming

If you already invest in crypto, then you probably know about Theta and the potential it holds in the market, especially in disrupting the video streaming market.

Theta is quickly gaining popularity in the crypto world, and for a good reason. This innovative coin aims to shake up the video streaming industry by creating a decentralized platform that operates very differently from mainstream platforms like YouTube and Netflix.

Unlike these highly centralized companies, Theta decentralizes video delivery at the grassroots level, which allows content creators to retain greater control over their work and enables users to enjoy higher-quality streaming experiences.

Moreover, Theta leverages revolutionary blockchain technology, which helps ensure fast and secure transactions while also ensuring that content creators get paid fairly for their efforts. With so many advantages, it’s easy to see why Theta is considered one of the best new crypto coins to consider.

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5.   Dogecoin (DOGE) – Top new cryptocurrency in the first growing meme space

Dogecoin may not be a new cryptocurrency, but the excitement around meme coins is new. This, by default, puts Dogecoin among the cheapest cryptocurrencies to watch.

Dogecoin has long been recognized as one of the most popular cryptocurrencies on the market. One of the main reasons for this is its association with meme crypto/stock investing. Dogecoin’s meme coin status is a nod to its origins as a parody of the rapidly-growing Bitcoin community.

But beyond its humorous beginnings, Dogecoin continues to draw in dedicated investors and supporters. This can be seen both on social media – where DOGE users are some of the most active on various platforms – and from big names such as Elon Musk, who has repeatedly tweeted about Dogecoin over the years. With vocal support from leading figures in tech and business, it’s clear that Dogecoin is here to stay – and will continue to remain a popular option for investors worldwide.

Over the past few weeks, Dogecoin has been all over the news due to a high-profile legal battle pitting the popular crypto token against its well-known founder, Elon Musk. The case stems from claims that Dogecoin is nothing more than a pyramid scheme and that Musk should be held responsible for its rise to fame. Whether or not these allegations have any validity is up for debate, but in the end, it has increased interest in Dogecoin.

This means that if the broader cryptocurrency market gains momentum in 2023, Dogecoin will be one of the best meme cryptocurrencies to watch.

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6.   Crypto Snacks (SNACK) – A new high-growth gaming crypto.

Crypto Snacks is a new and exciting iGaming token quickly gaining momentum in the rapidly expanding online casino industry. Despite being a relatively young project, it has already managed to forge partnerships with several top-tier brands, which shows just how much potential this token has.

Thanks to its innovative platform and cutting-edge technology, Crypto Snacks has everything it needs to dominate the market and disrupt the status quo of online gambling. Whether you are an experienced gamer or a newcomer looking to play some safe, fun games online, it’s clear that Crypto Snacks is the token to watch in the world of iGaming.

Some of Crypto Snacks’ top partnerships are with CoinsPaid, a top payments system for the gambling industry. Crypto Snacks also collaborates with RCD Espanyol de Barcelona, one of the largest football clubs in the world.

There are also potential upcoming partnerships that could take Crypto Snacks beyond gaming. For instance, there is talk of Crypto Snacks getting integrated into MasterCard and Visa, where users can spend their SNACK tokens just like any other currency. With all these developments, it is not surprising that SNACK makes it to the list of top new coins to invest in today.

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7.   ApeCoin (APE) – Top NFT cryptocurrency with lots of growth potential

ApeCoin is only a few months old but has established itself as one of the best new altcoin to watch.

ApeCoin (APE) is a unique token that is closely linked to the Bored Ape Yacht Club (BAYC) collection, one of the most valuable non-fungible tokens (NFTs) on the market. The BAYC collection features a variety of rare digital creatures that are each imbued with their special qualities and abilities, making them highly sought after by collectors around the world.

The creators of the BAYC collection initially created APE as a way to reward NFT holders for participating in their exciting new projects. When APE first launched, it was automatically distributed to NFT holders through an airdrop, allowing early adopters to capitalize on its growing value before other investors had even heard about it. And indeed, APE has continued to rise in value over time, becoming much sought after due to its close ties to one of the most elite crypto collectibles in existence.

Now that the BAYC ecosystem also includes a Metaverse, and APE is the native token, the odds are its value will grow. As games and other virtual assets begin to populate this Metaverse, ApeCoin could emerge as one of the best cryptocurrencies to hold.

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8.   DeFi Coin (DEFC) – A new cryptocurrency in the fast-growing DeFi ecosystem

Another of the best new trending cryptocurrencies to invest in today is DeFi Coin. The Coin has established itself as a key player within the rapidly growing decentralized finance sector. As the name suggests, this altcoin is at the heart of the cutting-edge DeFi Swap exchange, where you can swap tokens and even earn passively from a wide array of tokens.

DeFi Swap offers some of the best interest rates for decentralized lending on the market today and provides users with easy access to emerging digital assets that would otherwise be difficult to obtain. With its unique blend of features and innovative approach, DeFi Swap is set to change the face of digital trading in the years ahead.

DeFi Coin is a top cryptocurrency to buy in 2023 because its value is tied to the growth of the DeFi Swap Exchange. Since DeFi Swap is gaining users at an accelerated rate, the odds that its native token, DEFC will also grow in value.

The exchange is also continually innovating a factor that could play a role in the growth of DEFC going into 2023. For instance, they are working on DeFi Swap V2, which will add many more features.

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Virtual currencies are highly volatile. Your capital is at risk

9.   Cosmos (ATOM) – Best new cryptocurrency for inter-blockchain communication

Cosmos is a recent new entry into the cryptocurrency market and has already made it into the top 20 cryptocurrencies by market cap.

Cosmos represents a fundamentally new way for multiple blockchains to work together seamlessly and transition from niche curiosity to mainstream reality. By providing Dapps with unprecedented flexibility, stability, and scalability, Cosmos aims to enable a truly decentralized alternative to the centralized internet we know today.

Given that blockchain technology is rapidly gaining ground across various industries – from finance to healthcare – there is tremendous upside potential for investors. Cosmos’ strong fundamentals make it one of the best new cryptocurrencies to invest in 2023.

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10.  Polkadot (DOT) – Scalable cryptocurrency for Web 3.0

Polkadot is a new platform that is designed for scalability and security. Thanks to its use of side chains, popularly known as parachains, Polkadot can handle a near-infinite number of Dapps without experiencing any scaling issues.

Polkadot is also gaining traction because it is compatible with Ethereum. This makes it attractive to Ethereum developers who want to port their projects to a more scalable blockchain.

With such a high potential adoption, Polkadot comes across as one of the best new cryptocurrencies to buy. Its odds of success, especially if the broader market rebounds, are quite high.

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Virtual currencies are highly volatile. Your capital is at risk

11.  Terra Classic (LUNC) – Top new cryptocurrency with a solid community

Terra Classic is a relatively new cryptocurrency known for its headline-hitting collapse in mid-2022.

Terra Classic was initially written off by many in the cryptocurrency community after it experienced a high-profile collapse that shook investors and left many questioning its viability. However, what seemed like a death knell for the project has proved to be one of its greatest strengths.

In particular, Terra Classic has demonstrated impressive resilience as they have made efforts to rebuild and restructure its ecosystem. One key way they’ve done this is by introducing an accelerated token burn mechanism, which has seen them emerge as one of the best-performing cryptocurrencies in recent months.

Thanks to this burn and other initiatives, it is clear that Terra Classic is truly one of the most robust and dynamic communities in the cryptocurrency market today. And with continued growth and innovation on their horizon, there is no doubt that Terra Classic is a new cryptocurrency to buy in 2023.

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Virtual currencies are highly volatile. Your capital is at risk

12. Chainlink (LINK) – New growth cryptocurrency for smart contracts data

Chainlink is the undisputed leader in decentralized oracles for cryptocurrency. With over 65% of the market and over $20 billion in assets using the platform for data, Chainlink is dominant.

Thanks to its growing dominance despite its fast-growing market, Chainlink stands out as one of the hottest new cryptocurrencies to watch. Chainlink could significantly gain traction if the broader market turns bullish.

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13. Shiba Inu (SHIB) – New meme coin with a strong community behind it.

Shiba Inu is one of the new cryptocurrencies that have made history in terms of gains in recent times. Shiba Inu only hit the market in 2020 and, by the end of 2021, had given investors profits of 48,000,000%.

While Shiba Inu was driven by the hype in its initial stages, its utility value has been rising. Recently, the Shiba Inu Metaverse was launched, and it’s already gaining traction regarding the virtual worlds being built on it. Shiba Inu also recently introduced a token burn that will see tokens get taken off the market whenever SHIB is used for transactions.

As these two aspects of SHIB gain traction, it stands out as one of the top new cryptocurrencies to hold.

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Virtual currencies are highly volatile. Your capital is at risk

Read More: Best Place to Buy Shiba Inu

14. Near Protocol (NEAR) – A new highly scalable platform blockchain.

Near Protocol only entered the market in mid-2020 and has proven itself as one of the most successful new cryptocurrencies today. It came from nowhere to become a top 50 cryptocurrency by market cap.

Near Protocol’s success has a lot to do with its capabilities. It is one of the few layer-one protocols that have proven themselves in terms of scalability and security. In 2022, Near Protocol closed several deals that give it an edge as one of the best new cryptocurrencies. For instance, Near Protocol inked an agreement with Google designed to help with accelerated Web 3.0 cryptocurrency.

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Virtual currencies are highly volatile. Your capital is at risk

15. Ankr (ANKR) – Unique new cryptocurrency with cross-chain functionalities

Most people may not know about it, but based on its fundamentals, Ankr is a high-potential cryptocurrency.

Ankr is a cutting-edge blockchain platform that has redefined what it means to be a blockchain network. Unlike other blockchain networks, Ankr offers a suite of powerful tools that developers can use to build unique dApps, especially in the decentralized finance (DeFi) and non-fungible tokens (NFTs) spaces.

In addition, Ankr offers another innovative protocol called Ankr Earn, which allows investors to stake their assets across multiple chains simultaneously. Whether you’re a dApp developer looking for advanced tools or an investor hoping to maximize your returns, Ankr has something for everyone.

As more people learn about Ankr and the potential it holds, it is in a unique position to emerge as one of the best cryptocurrencies to watch today.

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Virtual currencies are highly volatile. Your capital is at risk

How to Find the Best New Cryptocurrencies to Buy

It can be hard to find a high-quality new cryptocurrency to invest in in a new, high-risk market like crypto. You don’t have to worry, though. We have compiled some of the best approaches you can use to buy high-potential new cryptocurrencies.

Here are some of them.

Subscribe to crypto news sites

To stay abreast of the latest technological innovations in this space, it is essential to subscribe to high-quality cryptocurrency sites. These news sites objectively analyze the newest cryptocurrencies, giving readers an idea of which ventures are most likely to succeed.

Additionally, they allow users to view chatter around specific cryptocurrencies, letting them gauge market sentiment and predict potential price fluctuations. Overall, by keeping tabs on trusted cryptocurrency sites, individuals can gain an edge over their peers in the constantly-evolving world of blockchain technology.

Make use of social media

Social media has hugely impacted modern society, and nowhere is this more apparent than in the world of cryptocurrency. Sites like Reddit and Twitter are great resources for information on new crypto coins and projects, while top crypto YouTubers act as valuable sources of analysis and insight into the industry.

By following these social media channels, investors can stay up-to-date with cryptocurrency developments, helping them make more informed decisions about where to put their money.

Whether it’s tracking the price movements of different coins or keeping track of new releases, social media has become an integral part of the world of crypto investing. And that makes it one of the most powerful tools for anyone who wants to stay ahead in this rapidly evolving field.

Scout for ICOs

Initial Coin Offerings, or ICOs, is one of the best ways crypto developers crowdsource financing for their ideas. By offering tokens at a discounted price, these developers aim to attract investors who want to take advantage of the perceived value of these coins and help grow their capital reserves, and bring attention to their projects.

While many ICOs end up fizzling out with no return on investment, those rare exceptions always manage to capture the public’s attention and become profitable in the long run. Whether through groundbreaking technology, major partnerships with other companies, or just plain old marketing savvy, these standout ICOs offer a high ROI to investors.

So, if you want to be part of the next big thing in cryptocurrency, consider taking a chance on an exciting new ICO today.

>>>Buy Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk

A critical look at our categorization of top new cryptocurrencies

There are many factors to consider when it comes to finding the best new altcoins. First and foremost, we believe that a crypto project’s quality ultimately depends on its underlying technology.

For this reason, we paid close attention to things such as the strength and scalability of the blockchain and the unique value propositions each coin offers.

Additionally, we examined factors like market sentiment and community engagement since these can be great indicators of a coin’s long-term success or failure.

Ultimately, we believe that considering all of these things is the best way to find quality altcoins that could potentially become real game-changers in 2023 and for many years to come.

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Virtual currencies are highly volatile. Your capital is at risk

Is Investing in New Cryptocurrencies Worthwhile?

While it is always safer to invest in more established cryptocurrencies. There is a huge motivation also to consider investing in new cryptocurrencies. Below are some of the reasons why you should consider such cryptocurrencies.

Maximizing Returns on Investment

People invest in new high-potential cryptocurrency coins for a variety of reasons. Perhaps the most common motivation is the potential for exponential gains. In the past, new cryptocurrencies such as Shiba Inu gave investors parabolic investment returns once they got listed on cryptocurrency exchanges.

You Become an Early Player in Growing Communities

When choosing the best cryptocurrencies to invest in, a key consideration is their growth potential. One of the ways to gauge this is by evaluating their popularity and engagement on social media platforms such as Reddit. And what quickly becomes clear is that many of the best cryptos on Reddit have a large following and vibrant community.

By joining such communities, you become part of a growth movement that could positively impact the value of the coin long term. Besides, in these communities, they also discuss new upcoming cryptocurrency projects, and you can get an ear on them before most investors.

Analyzing New Crypto Launches

To successfully invest in new cryptocurrencies, you need to understand that they follow a predictable cycle.

New cryptocurrencies are usually in the early stages of their Gartner hype cycle, which means they have tremendous growth potential. This is partly because there is a great deal of uncertainty and speculation around them, with many people believing they will continue to rise indefinitely.

While some may argue that these inflated expectations are not justified, there is no denying that new coins represent one of the most exciting opportunities available today.

The Gartner hype cycle is pretty easy to understand. When the new cryptocurrency enters the market, huge expectations see them test new highs. A dip follows but those that can deliver on their use cases recover and then grow more lineally, as actual use cases and development take place and anchor long-term growth.

>>>Buy Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk

Best Exchanges to Buy the Best New Cryptocurrencies

The cryptocurrency market has grown significantly over the last couple of years. This means it is now a lot easier to buy new cryptocurrencies.

One of the most popular of the many exchanges to the best new cryptocurrencies is eToro. eToro has more than 26 million customers worldwide. eToro is also regulated in major jurisdictions: the U.S.A, the U.K, Cyprus, and Australia. This means your funds are safe with eToro.

Being one of the best crypto exchanges in the world, eToro has created a reputation for crypto variety and low fees. You can also trade on eToro for as low as $10 and a deposit as low as $50.

Depositing funds on eToro is easy since you can use multiple methods ranging from wire transfers, debit cards, and e-wallets such as Neteller and PayPal. On top of that, eToro is known for having one of the top cryptocurrency wallets in the market. This means even after investing, your money is safe from scammers.

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How to Buy Top New Cryptocurrencies on eToro

Below is a step-by-step guide on how to buy the top new cryptocurrencies for 2023 that we have discussed above.

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Top New Cryptocurrencies to Invest in – Conclusion

If you have followed this cryptocurrency guide up to this point, you know of the top new cryptocurrencies likely to do well next year.

While the cryptocurrency market is currently bearish, new cryptocurrencies will likely draw in speculative investors. Now that many large corporations are looking into NFTs, we believe ApeCoin could be one of the top new cryptocurrencies that could do well today.

FAQs

How do I Spot New High Potential Cryptocurrencies

You can find new cryptocurrencies on social media and trustworthy new sites. For instance, if you follow us, you can get regular updates on the best new cryptos.

What new crypto will rise in 2023?

No one can tell with certainty which cryptocurrency will do well in 2023. However, any of the cryptocurrencies we have discussed above has the potential to do well in 2023.

How do I buy the top new cryptocurrency?

There are multiple exchanges where you can buy top new cryptocurrencies today. However, of the top ones, we recommend eToro. They are regulated and have some of the lowest trading fees in the market.

 

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INTERVIEW: Strong Stakeholder Coordination Key to Mitigating Information Pollution Effects on African Democracy – Dr Mustapha Muhammed Jamiu, CEREDEMS-Africa Executive Director

By
Mutiu Iyanda
-
0
Dr. Mustapha Muhammed Jamiu

Editor’s Note

The essence of news is that it is accurate and balanced. According to various scholars and practitioners in the media industry, there should not be anything called “fake news” because incorrect or inaccurate narration of events cannot be associated with news. Despite this stance, not a single day has gone by without reports of people spreading misleading and false information via various technological platforms. The majority of the time, the creators are not trained media professionals. This is not to say that there haven’t been professionals who created and disseminated contaminated messages. As part of this discussion, our analyst spoke with Dr. Mustapha Muhammed Jamiu, a lecturer at RUND University in Moscow and the Executive Director of the Center for Research for Development of African Media, Governance, and Society, about the effects of polluted messages on African democracy and other sundry issues.

Excerpts

Tekedia: Growth and development cannot happen without some forms of research issues and needs in society. As a scholar from Africa, who is schooled in the continent and one of the countries in the global north, what’s your take on research and development in Africa, especially towards advancing media and public communication?

Mustapha Muhammed Jamiu: Thank you. To be sincere, there are many existing works of African scholars on the advancement of media and public communication and also on information management. However, not all are of high quality and not many are practically based in their focus. For example, many of us young scholars tend to supplement academic papers from the global north to provide a standard paper required from high-impact journals.  Another issue regarding practical based research is the fact that papers shouldn’t be written for the sake of just writing, keeping a list of publications, or on shelves. Academic papers are meant to effect change in society. That is why it is called a research paper. Unfortunately, you will barely find some of them easy to use in application. Another big problem is the failure of the government to declare most government-owned universities as research institutions with full support and transfer the results and recommendations from scholars’ works to policy implementation and society’s development. As for the development of media and public communication, as I said, we need a synergy between governments and scholars to make this happen especially at this critical moment of media proliferation and information pollution era. Information, communication, and media are key pillars of democracy and need to be well taken care of. And one of the best means is through well-funded research with the government being intentional in their support to the academic community and for academics to also sit up by producing quality work.

Tekedia: Production and dissemination of media content cannot occur without learning the rudiments of doing them from school. How would you describe media performance in terms of producing content that advances Africa’s cause and connects it to the rest of the world? Is African media representing the continent well?

Mustapha Muhammed Jamiu: Well, to talk about other forms of media such as music, movies etc, they have been trying their best in projecting the image of Africa but from a journalistic point of view, there isn’t much to celebrate. So, the representation of African media in the world is still lacking in that regard. To get accurate stories about happenings in Africa, majority would still have to turn to foreign media. The African media producers and practitioners (journalism in particular) need to learn how to let the work do what media is meant to do for Africa from an African perspective. There is need for them to create niches for African identity as a continent and take full charge in telling our story better. The practice of journalism in a formal way may once be of western orientation but today, it is a global thing for every region to represent their image to the fullest. Now, every region must have its media genre. No more copycat, western or colonial genres. This is one of the key issues affecting the performance of African media in taking charge of their region when it comes to representation.

Tekedia: Hardly can one see severely polluted messages in Africa before technology. Now, emerging technologies have revolutionized the ways Africans create and disseminate information. Would you say technology is a curse or blessing to the continent’s ways of communication?

Mustapha Muhammed Jamiu: Hmmm. . .  I wouldn’t say it is a curse neither would I say it is a blessing because this issue is a global challenge. The emergence of new technologies was once perceived to be a kind of saviour for people to gain ease of life which to some extent we are benefiting from and for citizens to fully enjoy their democratic rights in lending their voice through freedom of expression and rights to be informed. However, while the information and the means of getting it became abundant, so it got proliferated, tuned to noise instead of messages, became a means of manipulation for some leaders, a tool of destruction by some people, and an avenue to divide and exploit the attention of people for economic gain by others. Though between the two consequences, the negatives tend to be outweighing the positives which shouldn’t be.

Tekedia: Africa cannot accomplish many tasks without using some technologies because of the need to align with the rest of the world in terms of being effective and efficient. However, in some cases, Africans are employing emerging technologies such as social media for destructive purposes more than their counterparts in the global north. What do you think this connotes for the continent’s future development?

Mustapha Muhammed Jamiu: As I said above, on how different people are using technologies for different purposes. Yes, many of our people are not using technologies well for themselves though many young ones are using them for solving problems in Africa today. They are not much compared to those using them as tools for distraction and destruction. The implication is that we will be left far behind in terms of growth and development as we are currently, and by the time we would realise it, there may not be a solution. So, we need to brace up and use technologies for positives purposes.

Tekedia: You recently defended your PhD thesis at RUDN University, Moscow, with a focus on information pollution and elections in Africa. Could you briefly walk us through the practical implications of your findings to Africa, especially Ghana and Nigeria you studied?

Mustapha Muhammed Jamiu: The study came up with two key strategies for practical implications for the two countries; a framework to understand the pattern in which information pollution spreads among political stakeholders; and a model which I called Electoral Cycle Information Pollution Ecosystem(E-CIPE) on understanding election and the chain of information pollution in the context of Africa. The framework and model can be used by policymakers, political actors, government, NGOs, CSOs, and any other actors with the responsibility for information management and the responsibility of combating the menace of information pollution as a threat to sustainable democracy.

Tekedia: What was your experience with stakeholders while conducting the study?

Mustapha Muhammed Jamiu: This is a very big question and critical if I may say. And I am happy it came up. I say this because I had many challenges in getting the key stakeholders to attend to interview, for citizens to fill out the survey, and also to easily gain access to find government institutions, key documents and data. While I appreciate the positive gestures of all my respondents and those who later help, it is equally important to talk about some of the hurdles where we need adjustment and for other scholars who may want to use some of the methods I used to learn what works and what doesn’t (work).

The first problem was getting the attention of the stakeholders for the interview, both the politicians and media editors often said they had busy schedules and they showed the culture of not keeping promises and time. Many promised and later ignored me. And I had to reschedule meetings several times because some of them didn’t turn up on time. Another thing is the issue with the time difference. Finding an appropriate time that works for me and my interviewees because  of the difference in time zones and availability were challenging experiences.

The third issue has to do with technology. The interruption of the internet and the fact that many were not responding to the online survey for almost two months until they were printed and distributed to different places. The online is supposed to be of greater value in the sense that there will be almost equal representation in different regions of the two countries. But the printed version with the usage of representatives from each region to print and distribute will end up being centred in some areas alone, which may affect the intention of the study and the hypothesis designed.

Finally, Africans tend to find it difficult to give data. They are always busy or have one or two excuses not to fill all surveys, be it online or printed surveys. And they need to know the importance of this. Data is an integral part of realising important growth and development. It is the data that lets us know the number of people who are underrepresented, the number of people living in extreme poverty, the number of people and who are affected by what and to what extent. Knowing this will help realise how to report them, and use them for designing possible solutions for policymakers and governments to put in place.

Tekedia: How certain are you that concerned stakeholders would take up your managerial and policy recommendations for strengthening the information component of the electoral cycle in the countries?

Mustapha Muhammed Jamiu: Nobody can be certain of such in the case of most African countries. Except if it is a project being sponsored by the authorities or selected by an international organisation to be used when they find it convincing or aligned with their goals. For some of these reasons, my research design from the beginning keyed into making the output of the research an immediate effect by setting up a non-governmental research institute that will work in between the duties of the CSOs and academics. That is to say, to design and implement some of the results of the study for direct impact.

Tekedia: What are your plans for advancing this emerging field in Africa?

Mustapha Muhammed Jamiu: As I said in the previous question. The study was designed to take immediate action from the results. So, the future of this field has started already through the institution of the Center for Research for Development of African Media, Governance, and Society- CEREDEMS-Africa was founded during my PhD program and it is currently monitoring the campaign for 2023 Nigerian presidential election which is one of the two counties I studied. Also, there is a plan on releasing a handbook on how to undo the psychology of information pollution and election in Africa before the end of the year. Meaning it could be, also useful, for the ongoing campaign and the Nigerian election.

Also, the plan is not to study or miniature only Nigeria but to serve as a key body that monitors election campaigns and information pollution in Africa and comes up with solutions for policymakers to combat information pollution.

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