DD
MM
YYYY

PAGES

DD
MM
YYYY

spot_img

PAGES

Home Blog Page 4813

E-Payment Transactions in Nigeria Decline to N32.84 Trillion in September 2022

0

According to data released by the Nigeria Inter-Bank Settlement Systems (NIBSS), it revealed that E-payment transactions worth N32.84 trillion were performed in September through the NIBSS Instant payment platform.

This brings the total value of e-payment deals in the last 9 months to N271.5 trillion. The latest data released by the NIBSS revealed that the total value of transactions worth N271.56 trillion was performed electronically in nine months of 2022, an increase of 26 percent when compared to N215.76 trillion reported in nine months of 2021.

Year on year, the e-payment value increased by 39.5% compared with the N23.5 trillion recorded in September last year. There was a 1.2% decline in the figure recorded in September 2022, compared with the value of electronic payment transactions recorded in the country in August, which stood at N33.2 trillion.   

According to financial expert Mr. Rotimi Fakayejo, he attributed the decline in Instant Payment Platform (NIP) transactions in September to glitches witnessed by some banks in September, stating that the surge in the exit of IT staff, caused a lot of glitches in the banking sector that affected the activities of customers.

He also noted that the recent increase in electronic transactions reveal that Nigerians, most especially the Youths are embracing the cashless policy of the Central Bank of Nigeria (CBN) adopted in 2001 in September, to reduce the amount of physical cash in circulation.

Also the Vice President of Highcap Securities Limited, Mr. David Adnori stated that the marginal decline witnessed in electronic payment for September 2022, is because of worsening macroeconomic conditions which eroded the quantum of financial transactions by businesses and households.

He added that the rising inflation has severely affected the financial health of all economic elements, resulting in dwindling financial activities. As electronic transactions drop in September, there was also a visible decline in the value of cheque transactions as it also fell by 8.52 percent to N265.94billion from N290.69billion in August.

However, the Year-on-Year (YoY) performance of cheque transactions in nine months rose by 0.43 percent to N2.39trillion from N2.38trillion in nine months of 2021.

On the contrary, an analysis of the nine months’ data just released by NIBSS showed that the volume of cheque transactions dropped by 6.3 percent to 358.193million in September from  335.786million in August, while Year-on-year performance showed a decline of 7.6 percent to 3.07million in nine months of 2022 from 3.33million in nine months of 2021.

Cheque transactions over the years have continued to witness a decline, as most bank customers adopt the e-payment means of transactions. According to NIBSS, the value of the e-payment recorded was a reflection of the increase in the volume of deals within the month. The NIP volume rose to 438 million in September, showing a 48% increase over 296 million recorded in the same period last year. 

An analysis of the 8 months of data just released by NIBSS showed that the NIP platform recorded N26.6 trillion transactions in January. Year on year, this was a 43.7% increase over N18.5 trillion recorded in the same month of last year. 

According to NIBSS, over the years, Nigerian banks have exposed NIP through their various channels, that is, internet banking, bank branch, Kiosks, mobile apps, Unstructured Supplementary Service Data (USSD), POS, ATMs, etc. to their customers. 

Shiba Inu Coin Price Prediction 2022 – 2030

0

Shiba Inu is the most popular meme coin in the world today. The Dogecoin killer has proven to be much more than just some joke coin. As it attracts investors, many are trying to decipher the Shiba Inu coin price prediction and the prospects for the asset going forward.

Below, you’ll get to find some expert opinions on the Shiba Inu price prediction and where the market sees the asset going in the next few years

Asking yourself big questions about Shiba Inu (SHIB) price forecasts? Like, ‘is Shiba Inu worth buying’?

>>>Buy Shiba Inu Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

Shiba Inu Price Prediction – Overview 

Listed below are forecasts on the Shiba Inu Price for the foreseeable future. We discuss the following points:

  • End of 2022: Shiba Inu remains one of the most undervalued coins on the market today, and its growing community is still an asset. With SHIB growing as a payment method, we expect to see it push for the $0.000035 price level.
  • End of 2023: Investors should see more functionality for Shiba Inu. The digital asset will be a critical part of both the Shibverse and ShibaSwap, and these use cases could help drive it to $0.000060.
  • End of 2025: The rise of ShibaSwap and its metaverse in 2025 will massively increase the demand for Shiba Inu taking the SHIB asset to a new top price of $0.000850.
  • End of 2030: The expanding Shiba Inu ecosystem can push SHIB to further highs of up to $0.00290 in 2030.

>>>Buy Shiba Inu Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

Shiba Inu Price History

Historical Shiba Inu (SHIB) Price Movements

Analyzing the past performance of a cryptocurrency is one of the most important steps to take if you’re looking for the top cryptos to invest in, so let’s take a look at how the price of Shiba Inu SHIBA Inu has changed in the past. CoinMarketCap first started tracking the price of Shiba Inu on the 2nd of August 2020.

What price did Shiba Inu start?: The earliest confirmed price of Shiba Inu was $0.00000000051 on the 2nd of August 2020.

What is Shiba Inu’s highest price?: $0.00008845, reached on the 28th of October 2021.

What is Shiba Inu’s lowest price?: On the 1st of September 2020, SHIB reached its all-time low of $0.000000000082.

In 2021, Shiba Inu started the year at $0.000000000168 and ended 2021 at $0.00003341. Though these prices are incredibly low, the amount in which SHIB increased is enormous.

Shiba Inu Price Chart

Technical Analysis Of Shiba Inu (SHIB)

The past performance of a cryptocurrency is always one of the most crucial factors to consider when attempting to make valid cryptocurrency predictions. As we can see from the graph above, Shiba Inu has had a wild couple of years.

You could be forgiven for thinking that the almost flatline from SHIB’s creation to between March and May 2021 was a boring time. Actually, a lot was going on — though the price of SHIB was puny, it was highly volatile and a terrific way to make a quick profit.

Shiba Inu’s first spike took place in May 2021. It was big news and was arguably the first time traders started paying attention to the asset. Yes, Shiba Inu fell dramatically following this high, but noticeably, its new lows were not as low as its previous prices before the spike.

Several months later, in October, following the price of BTC, Shiba Inu had another enormous price spike, and after a moment of consolidation, leapt once more to its current all-time high towards the end of the month.

Again, SHIB couldn’t maintain such a high, but just like last time, its lows were much higher than before the spike. This suggests that there is an underlying positive trend in the long term.

Shiba Inu is the second largest meme cryptocurrency by market capitalization. The growth is mainly due to the boost in the utility. Now the SHIB price predictions are a center of interest for many investors. The overall recommendation is Buy! Here’s a current time technical analysis for Shiba Inu.

>>>Buy Shiba Inu Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

Shiba Inu Price Predictions Long Term Outlook

As a long-term investment, it is projected that Shiba Inu could perform very well. According to predictions, the value of the SHIB token could rise to $0.0000350 by the end of 2022, $0.000065 in 2023, and achieve a mean price of $0.000859, by 2025.

In addition to analyzing Shiba Inu’s historical prices, it’s important to identify the key factors that could affect its price in the future. This will make it easier for you to make your own predictions based on current cryptocurrency trends and find an informed answer to the question ‘should I invest in Shiba Inu?’

Shiba Inu predictions must be taken with a pinch of salt. Though there is a lot of good stuff potentially on the way, we also need to think about potential negatives too. Taken together, we can get a clear picture of what Shiba Inu could be worth.

Shiba Inu is very susceptible to crypto whales. A ‘crypto whale’ is an investor, typically a financial institution, which holds enormous reserves of different digital assets. Because they have so much of the market at their disposal, it’s generally accepted that these investors have the power to make or break a particular asset — all they have to do is buy or sell and an asset can leap forwards or sink. This could certainly be a risk when it comes to the price of Shiba Inu. Crypto whales could become less of a crucial factor to Shiba Inu price predictions as more people take up the coin. 

Shiba Inu Price Prediction 2022

It’s wise to get an idea of Shiba inu’s prospects over the short and long term before you invest. As noted above, the Shiba price today is around $0.000010, down 45% since the beginning of 2022. However, given this start, what sort of performance can we expect from Shiba Inu in the remainder of the year?

It’s very important to remember that Shiba Inu has strong community support from both retail and high net worth individual investors. The launch of the Shiba DAO in 2022 will make Shiba Inu more democratic and could help draw in many more users.

Due to this, our Shiba Inu price prediction for 2022 estimates that the meme coin could reach $0.0000350 by the end of the year – a 250% rise from today’s levels.

Through the year end, SHIB/USD could hit $0.000045 and rally as per experts’ short-term Shiba Inu price forecasts. The lowest Shiba Inu price for the year-end is $0.000005 and SHIB is predicted to achieve an average of $0.0000270 by the end of the year.

>>>Buy Shiba Inu Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

Shiba Inu Price Prediction 2023

Shiba is one of the most potential crypto to explode next year due to the technical improvements such as layer 2 solutions will improve Shiba Inu’s performance in 2023 and make it cheaper to use than most other cryptos.

Overall, if this happens, we would expect more demand for SHIB from retail and institutional investors. As such, Shiba Inu price prediction for 2023 estimates that the coin could reach $0.0000635 – an increase of 550% from today’s price.

Shiba Inu Price Prediction 2024

By 2024, the crypto community will have almost forgotten about weak meme coins and Shiba Inu continues to grow in popularity. This adds another major reason for investors to buy and hold SHIB, which is good news for Shiba inu price potential. Overall, if Shiba can capitalize on this momentum and partner with more entities it’ll boost the coin’ appeal to investors looking to generate an income stream.

The calculated max SHIB/USD prediction is $0.000189, and the lowest prediction is $0.0000113. Shiba Inu price forecasts then determine that the coin will end 2024 at an average price of $0.0000377.

If you’re wondering ‘should I invest in Shiba Inu?’, short-term cryptocurrency predictions aren’t particularly conclusive. The predictions for 2022 and 2023 are varied, ranging from under $0.00002 to around $0.00020. If you favor a long-term investing strategy, let’s take a look at the Shiba Inu price forecasts for 2025 and beyond. What could we expect to see in the long-term?

>>>Buy Shiba Inu Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

Shiba Inu Price Prediction 2025 And Beyond

Further improvements to ShibaSwap could make it the go-to DEX in 2025 and increase demand for Shiba Inu and its other tokens.

When making a Shiba Inu forecast for the long term, it’s essential to understand that SHIB is underpinned by Ethereum blockchain technology. Due to this, investors will need to monitor the price movements of ETH as well as other major blockchain crypto assets.

Assuming this is the case, our Shiba Inu price prediction for 2025 estimates that the coin could reach a new-time highs of $0.000852, and potential beyond that level.

The average 2025 price forecast equates to a 2,094% increase since today’s level.

New developments could see Shiba Inu become increasingly advanced by 2027, likely taking advantage of smart contracts and dApps. In five years, we will see Shiba Inu trade at an average price of $0.00125 after passing the $0.001 barrier in 2027 for good. Our 2027 SHIB prediction also sees a top price of $0.00168 and a minimum of $0.00112.

2028 will see Shiba Inu likely become one of the most desired cryptocurrencies built on top of the Ethereum blockchain. Securing a low of $0.00141 early on in 2028, our Shiba Inu price prediction anticipates a record price of $0.00209. Bullish momentum will take SHIB to an average of $0.00172 and the asset will then wrap up the year at $0.00197.

Shiba Inu will become one of the biggest driving forces of cryptocurrency adoption by 2029 and could become many new investors’ first taste of crypto. Shiba Inu is expected to reach the $0.0025 milestone by 2029 before hitting a yearly high of $0.002578, according to the SHIB price prediction. Shiba will also build support around a low of $0.00155 and can maintain an average of $0.00211. The end of year price for Shiba Inu is calculated at $0.00234, according to our 2029 forecasts.

>>>Buy Shiba Inu Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

Shiba Inu Price Forecast 2030

By 2030, Shiba Inu will be unstoppable and will likely host a variety of other services, many of which are likely DeFi-related.

Shiba Inu will end the decade after reaching an astounding all-time high of $0.002783, as per our Shiba Inu price prediction. The coin’s final price will be $0.00269, and it will hold strong, cementing a low of $0.00205. Shiba Inu’s expected average price for 2030 is $0.00248, according to our SHIB/USD forecast. The top price represents a 3,046% increase of today’s price.

Shiba Inu Price Forecast 2040

It is almost impossible to make a Shiba inu price prediction for the long run, However if the price continues to rise in value, we think that SHIB is likely to become more valuable in 2040 than today. The price of Shiba will continue to rise and may even reach the $1 mark in 2040.

>>>Buy Shiba Inu Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

Shiba Inu Price Prediction – Conclusion

Shiba Inu price prediction undoubtedly is very volatile. But people often confuse volatility with risk — the two are not always the same. Volatility can give investors excellent opportunities to buy extremely low and sell high.

While you should be careful with Shiba Inu, it is still one of the best cryptocurrencies with the most potential upside and represents opportunities if you can be patient enough to wait for them.

Shiba Inu stands a good chance of remaining the top meme coin for years to come because of its tremendous hype and wide variety of features. In terms of market cap, Shiba Inu is highly competitive against Dogecoin.

If you’ve been looking for Shiba Inu predictions for 2022-2030, we hope you’ve found this article helpful. Cryptocurrency investing is notoriously risky and it’s vital to have a robust risk management strategy in place if you’re considering adding Shiba Inu to your portfolio — however, cryptocurrency trends suggest the value of Shiba Inu will ultimately rise by around 2,000% by the year 2025.

According to these forecasts, it seems that it’s best to invest in Shiba Inu if you’re prepared to play the long game. We may be unlikely to see a dramatic price increase, but the charts suggest it could be a smart investment for those who are happy to take long-term positions.

If you want to trade this digital asset, we recommend using the crypto broker, eToro. The social trading platform comes with many useful trading tools, a wide range of payment methods, and competitive fees.

>>>Buy Shiba Inu Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

Is Shiba Inu A Good Investment?

Though SHIB has declined massively from its ATH in 2021, in the long-term Shiba Inu has increased considerably from its price at the beginning of 2021 to the end. Shiba Inu’s lows are getting higher, and SHIB is only growing in popularity. Shiba Inu can be a profitable investment if you can take advantage of its price fluctuations. So far, SHIB has an incredible ROI of 1,642,668.89%, so it can be a highly profitable investment.

>>>Buy Shiba Inu Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

Is It Too Late To Buy Shiba Inu?

Based on technical analysis, Shiba inu price today is undervalued as there is an underlying upwards trend taking place that could see SHIB at $0.0027 by the end of the 2020s.

Will Shiba Inu Go Up?

Yes, according to its predictions Shiba Inu will rise in value, but it won’t go up but not forever. There will be periods where Shiba Inu falls and others where it stagnates. Do not expect Shiba Inu to continuously appreciate until the end of time.

What’s Next For Shiba Inu?

Shiba Inu is building many features such as an NFT marketplace, a metaverse, and a DEX which will all provide the token with more utility. On a technical level, the Doggy DAO and the Shibarium layer 2 solutions will improve the experience of using SHIB.

What is Shiba Inu Price Prediction 2040?

Continuing with our Shiba Inu price prediction forecast, if we stretch it to 2040, high figures between $0.005 and $0.01 may be achievable

Where Can I Buy Shiba Inu?

There are several top crypto exchanges where Shiba Inu is available to investors. We recommend buying Shiba Inu from eToro.

>>>Buy Shiba Inu Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

Can Shiba Inu Make You Rich?

Shiba Inu is highly volatile and has a lot of momentum that could potentially make you rich. Don’t pay too much attention to its minuscule price — look more closely at how much that price changes. According to the latest predictions, Shiba Inu is set to increase.

Will Shiba Inu Reach 1 Cent In 2023?

Shiba Inu will not hit 1 cent in 2023. Even the highest predictions do not see SHIB hitting $0.01 by 2030. 1 cent is seen as a huge milestone for Shiba Inu to reach, a milestone many holders are waiting for.

Can Shiba Hit 10 Cents?

As per Shiba Inu price forecasts, SHIB will not hit 10 cents within the next 10 years.

Can Shiba Inu Reach $1?

By looking at its historical price momentum and experts’ Shiba Inu price forecasts, it’s highly unlikely that we will see Shiba Inu reac $1 any time soon in the next ten years.

>>>Buy Shiba Inu Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

Cardano Price Prediction 2022 – 2025

0

Cardano (ADA) builds on much of Ethereum’s achievements and aims to take them one step further. But what is Cardano worth in 2022 and beyond? When will Cardano explode? We’ll list those in this guide and our ADA price predictions.

According to the latest Cardano price prediction, the price of Cardano will reach $2.57 by the end of 2022, rising to $4.14 by the end of 2023 and $10.15 by the end of 2025. Cardano will then rise to $19.42 in 2027, and $39.49 in 2030.

>>>Buy Cardano Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

Cardano Price Prediction – Overview

  • End of 2022 – The ADA coin price could then consolidate and range between the $0.4 support level and $1 level – now a resistance level – until the end of 2022. If all ADA new upgrades are successfully implemented it might reclaim and flip the $1 resistance level to support in early next year, printing macro higher lows – confirming a new bullish market structure
  • End of 2023 – The Cardano price would face little resistance above if it can close a monthly candle back above the $2 level by the end of 2023
  • End of 2025 – Entering the Voltaire era in 2025 will see Cardano shoot to an impressive high of $5.90.
  • End of 2030 – At the end of the decade, Cardano is predicted to hit an all-time high of $12.45 as its tech becomes ingrained into our society.

>>>Buy Cardano Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

Cardano Price History

Historical Cardano (ADA) Price Movements

If you’re going to invest in any cryptocurrency, no matter how hyped it may be, you must always devote some of your research time to analyzing its past performance. Let’s take a look at some of Cardano’s key historical price movements.

What was Cardano’s starting price?: 1 ADA = $0.0024 in December 2016 during its ICO. CoinMarketCap first started tracking the price of Cardano on the 10th of February 2017 trading at $0.026.

What is Cardano’s highest price?: Cardano’s all-time high is $3.10, which it reached on the 2nd of September 2021.

What is Cardano’s lowest price?: Cardano’s all-time low is $0.01735, which it hit on the 1st of October 2017.

In 2021, Cardano began the year at $0.1753 and ended the year at $1.3102 — a 647% increase for the year. ADA has a 52-week low of $0.7528.

Cardano ADA/USD Chart

Cardano Price Predictions Long Term Outlook

Long-term Cardano price predictions indicate that ADA will perform exceptionally well. According to our forecast, the value of the Cardano crypto can rise to $2.50 by the end of 2022, $4.60 in 2023, and achieve a mean price of $10.15 by 2025. That’s an increase of over 600%.

On top of having a fluid understanding of ADA’s historical price, we also need to have a good grasp of what factors may influence its price in the future. Armed with this knowledge, you can calculate your own Cardano ADA price predictions and answer for yourself — ‘should I invest in Cardano?’

Two of the biggest factors to consider for Cardano price predictions are supply and demand and the Bitcoin price. As demand grows for ADA, its limited supply will lead to an increase in Cardano’s value. This will be further compounded by increased interest in Bitcoin over the coming years. Meanwhile, the growth of the Cardano platform, its user base and increased partnerships will likely increase demand for ADA.

Another major issue that Cardano needs to confront is the speed at which it develops. It cannot just wait for competitors to fail. Its open-source nature has allowed many rivals to catch up with Cardano and now many of its revolutionary ideas are no longer new (for example, blockchains with multiple layers). On top of that, before September 2021 many skeptics felt that Cardano was only hype because of how long it took them to release its smart contracts functionality.

That said, big upgrades are coming, such as the implementation of Hydra — a layer 2 protocol that will make Cardano considerably faster by processing transactions off-chain and securing them on the settlement layer. This improvement will supposedly mean that Cardano will be able to process a million transactions per second. This would make Cardano the fastest cryptocurrency by a substantial margin.

All in all, it is much harder to come across bad news about Cardano than good news. Cautious investors can profit from investing in Cardano either as a short-term investment (one year) or long-term investment (five to 10 years). Here are the latest Cardano price forecasts for 2022 to 2030.

>>>Buy Cardano Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

Cardano Price Prediction 2022

The introduction of Hydra could make Cardano the fastest and most efficient blockchain in the world in 2022 — it could be massive news for investors.

The Cardano upgrades could increase investor confidence in ADA. Cardano will need to get back above $1 as soon as possible and rally to test the $2 – $3 level – that’s possible based on the chart even as part of a short squeeze and putting in a lower high before further downside – shorts rarely get a free ride all the way down.

>>>Buy Cardano Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

Cardano (ADA) Price Prediction 2023

As Cardano speeds up development in 2023, we may see the first examples of side chains in the Basho phase. Starting 2023 at $1.62, bullish sentiment will carry Cardano to $2.14 by the end of the year. Our short-term 2023 Cardano prediction also estimates a max price of $2.63 and a min price of $1.23. ADA will have an average price of $2.82 in 2023.

 >>>Buy Cardano Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

Cardano (ADA) Price Prediction 2024

By 2024, we could reach the end of the Basho era and start the Voltaire era and Cardano will become more self-sustainable. In 2024, bulls will push ADA to a maximum of $4.12 while the bears will not be able to push any lower than $2.55. If the crypto market does well, Cardano will have an average price of $5.48 at the end of 2024, as per our ADA price prediction.

So, should I invest in Cardano? Well, our short-term ADA Cardano predictions suggest short-term investing could pay off handsomely. Between 2022 and 2024, ADA could be worth between a low of $0.67 and a high of $5.50. But could Cardano perform better in the long term? Let’s look at our Cardano predictions for 2025 and beyond. 

Cardano Price Predictions 2025 & Beyond

By 2025, Cardano will release many updates that will further democratize the platform and attract more investors. Further gains in 2025 will see Cardano reach a top target of $10, a low price of $6.88 and secure an average of $10.30 by the end of the year.

Attaining the average price would mean a 653% increase since the beginning of the current year, according to the latest long-term Cardano price forecast.

2027 will see Cardano buzz with services and new tokens as Cardano’s ecosystem continues to grow. Surpassing $20.00 early on in 2027, our five-year Cardano price prediction expects an all-time high of $26.44. For the rest of 2027, Cardano will build a strong level of support around a low of $10.10 and gradually increase to an average of $19.42 by the end of the year.

Cardano has likely forged many more partnerships with governments across the globe by 2028 and could be in use by some large government institutions, particularly in regards to identification and record-keeping. The 2028 predicted high is $33.13 and the low is $18.13, based on our ADA price prediction forecast. Expect an average price of $26.30 and a closing price of $24.74 for 2028.

2029 could be the year Cardano topples Ethereum price or becomes a serious competitor to its dominance in the crypto market. 2029 will start with Cardano at $25.57 and see it rally to a yearly high of $38.71, potentially hitting a low of $23.94 in between. Continuing its upwards trajectory, our 2029 Cardano price prediction places ADA/USD at an average of $36.90 by the end of December 2029.

>>>Buy Cardano Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

Cardano Price Predictions 2030

Cardano crypto could be running whole countries and the lifeblood of many multinational corporations by 2030. Beating its current all-time high by 1,200% in 2030, Cardano will hit a legendary high of $40 in 2030 and hold strong with an estimated low of $34.18. Spending much of 2030 above $36.00, ADA will end the year with an average price of $39.69 per coin, as per the long-term Cardano price prediction.

Cardano Price Predictions – Conclusion

Cardano is one of the most popular cryptocurrencies in the market today. Cardano price predictions in the double and triple digits are not out of the question. Those high price targets may take time to play out however as Cardano is already a top 10 crypto by market cap. Alongside Dogecoin and XRP it is one of two cheap cryptos to buy under $1 in price, although the total supply and circulating supply are important metrics to understanding token prices and making Cardano price predictions – ADA has a total supply of 45 billion coins, of which 33.6 billion are currently in circulation.

If you’ve been looking for Cardano price predictions for 2022-2025, we hope you’ve found this article helpful. Cryptocurrency investing is notoriously risky and it’s vital to have a robust risk management strategy in place if you’re considering adding Cardano to your portfolio — however, trending cryptocurrency suggests the value of Cardano will ultimately rise by around 660% by the year 2025.

According to these predictions, it seems that it’s best to invest in Cardano if you’re prepared to play the long game. We may be unlikely to see a dramatic price increase, but the charts suggest it could be a smart investment for those who are happy to take long-term positions.

>>>Buy Cardano Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

Can Cardano Reach $25?

Cardano will reach $25 by 2028 and will then proceed to rocket past it to $26.44, according to our Cardano price prediction.

Can Cardano Reach $100?

Cardano will not reach $100 in the foreseeable future. The current Cardano price prediction estimates it will reach $38 at the highest by 2030.

Will ADA Ever Reach $1,000?

ADA will not $1,000 any time soon. So far, no Cardano price predictions have been brave enough to suggest such a humongous increase.

Is Cardano A Good Investment?

Cardano has already proven itself to be a great investment. So far the leading crypto has been a profitable investment, attaining an ROI of 4,931.81% since its launch.

Cardano is arguably one of the best cryptocurrencies to own. It has the most reputable background of any crypto project so far. If Charles Hoskinson’s vision is realized, we could be running entire countries with Cardano in the future.

>>>Buy Cardano Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

Is It Too Late To Buy Cardano?

It is far too late to buy Cardano. Though the value of ADA has appreciated massively over the past few years, given the wide scope of Cardano and its potential, it could increase significantly more.

>>>Buy Cardano Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

How To Buy Cardano?

Digital assets such as Cardano’s ADA are best bought from crypto exchanges. Before creating an account and buying Cardano, you’ll want to do some thorough research to see if they suit your needs (and to avoid scams!). Once you have bought ADA, you’ll want to store it in a Cardano wallet.

What Will Cardano Be Worth In Five Years?

Our five-year Cardano ADA price prediction anticipates a 2,325% increase to an astounding high of $26.44 by 2027.

What Will Cardano Be Worth In Ten Years?

In ten years, you can expect to see Cardano work its way to $50 or even $60 per coin based on the trajectory of our long-term Cardano price prediction.

Will Cardano (ADA) Go Up?

Yes, Cardano will go up in both the short and long term based on our 2022 to 2030 Cardano price prediction. Price predictions are highly subjective, Cardano price prediction suggests that ADA will increase. Historical data also backs up this possibility. However, never assume that an asset will go up forever.

>>>Buy Cardano Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

Central Bank of Nigeria Continues to Debit Banks on CRR – And Why Banks Do Not Care

1

A new debit: “The Central Bank of Nigeria has debited the sum of N838.32 billion from 15 banks for not meeting the minimum cash reserve ratio (CRR). The CRR is the percentage of customers’ deposits that must be kept with the central bank. At its current rate of 32.5%, commercial banks must deposit N325 for every N1,000 deposited by their customers.”  Yes, it looks crazy for the apex bank to be debiting commercial banks. Hold on – ask to see the books, and you will understand while this happens all the time in Nigeria.

Assume you have N1 billion customer deposits, and you are required to keep N325m with the central bank, where the money makes nothing of value. But instead of doing that, you send only N125m and lend N200m at 27% interest rate to your customers. 

If CBN comes later to debit you on that N200m say 1% or whatever, you will be fine. So, this is a pure cost of doing business when the risk is determined, and not nothing serious and devastating. The banks understand that and this debit has been happening. Simply, they are fine with the debits provided it stops with the debits; They make better money from the customers.

If any person has a better explanation, let me know. Why? In a bank’s general ledger, any operation boss can see his/her CRR at the end of day (IT does that in the night and the data sent to Heads of Operations the next day). 

So, if there is a variance with CBN ratio, and the bank does not rectify it the next day, it means a threat of debit is not an issue for the bank! Why keep it with CBN for nothing when you can lend it at 27%, knowing that if caught, the fine is at 1%?

Update: Note this changes if the CBN debits that N200m with fine on it. In that case, the bank loses. Yet, it comes down to how long it takes for CBN to debit and fine.

Comment on LinkedIn Feed

Comment: Prof, trying to understand the maths you provided but here’s the playbook; CRR is a statutory requirement and currently it’s 32.5% of total deposits (which varies as transactions are done) which you must keep with CBN. So you don’t have access to that cash for lending. However, there’s also another ratio the Loan to Deposit Ratio- LDR (which now is christened Loan-to-Funding) which is 65%. Literally means you should loan 65% of your funding to spur growth. So whether you lend the 200m in your case study or decide to keep it, once the CRR ratio is computed and it’s short, you get debited.

The CBN May then decide to lend the CRR at single digits through banks to boost economic activities in the country when the need arises.

On your question about why banks may prefer to get extra CBN debits than lend is quite simple. In an economy where global yield curves seem inverted (recession likely to come) cash is king and risk taking should be lower. So you rather at peace keeping your cash with CBN at 0% than creating bad loans that will affect your institution.

Maybe you can throw more light on what you meant as it wasn’t really quite clear.

My ResponseI must have written this poorly. Apologies for that. Your comment means what I had in mind was not the way it came. Here is what I am trying to say. The CRR is 32.5% by regulation. You have a customer deposit of N1 billion. If you follow the regulation, you would be expected to keep N325m with the apex bank. That money yields nothing for you as a commercial bank. But you can also decide to “violate” that and instead of sending N325m to CBN, you send only N125m. The remaining N200m stays with you and you lend it to your customers at 27%.

Later, CBN will come after you for not meeting the CRR. It sees you are off by N200m and fines you 1% on that N200m. My point is this: banks prefer that fine because they have made 26% after the fine. And that is why this continues to happen for years.

Comment 1b: Prof, I think you are misunderstanding the flow. Okay, first, fines doesn’t not exonerate you from meeting the regulatory requirement. So it’s more like a punishment. Irrespective of whether you are fined or not, you will still get debited the 200m. But in reality, what happens is the CBN without recourse to you passes the debit to your account with them so it’s not a case of choice. That way no rooms for fines. If you lend the 200m and still get d debit of CRR from 200m, you are basically contributing to your LDR. I hope this is a bit clearer.

Comment 1c: Thank you Odinaka for more clarity . I think banks attract some punitive measure, possibly a fine , for not keeping the L/D ratio. A bank would prefer to abide by all regulator ‘s requirements
than fall into their bad books and be known as not a good player in the financial market.

My Response: Check well – I may have a point. If the debit is done in October, even though CBN can take that N200m with a fine, I had used it for a really long time. So, this does not change my thesis. Why? The point has not explained why every Oct/Nov, CBN debits at least 10 banks for CRR violations.  Yes, we can trade with this money and in Oct, we are fined a small fee and CBN debits the money but we have made money over 10 months.

May I add that I find it hard to believe that extremely smart people like bankers in Nigeria will allow themselves to be fined yearly if they are not making up those fines via another way. This fine is “constant” as CBN does it yearly and the fine has not stopped the violations. For me, this is a strategic violation as every bank after EOD (end of day) knows its CRR and could have complied since banks like to make money and fines do not help. So, there is something here..

Comment 2: These economist and their economic thinking, at the expense of real philosophy of growth and development, is really fascinating to me sometimes. Is it not the CBN that recently increased the LDR (loan deposit ratio) from 60% to 65% to encourage DMB’s lending to the real sector to spur the country’s economic growth and job creation? In the past, some banks have been penalized for not lending up to the 65% threshold. Around June or so, only five banks were even able to meet it. Among these five, some lended up to 89% of their deposits or so.

None among the big 5 banks we know made the cut. But in the same breadth, the apex bank is now using the new CRR policy (from 27.5 to 32.5%) to squeeze that same liquidity/money supply out the real sector. My question is, do these strategies/policies really get to be effective at dealing with the economic growth and stability problem we have as a country, not to talk of the inflation problem which is but a part of the larger (low productivity) problem we have? I get confused of the effectiveness of these two-sided policies and wish that someone can truly explain to me their effectiveness in actual terms.

My Response: Good observation. You want lending to rise and you also want them to send you more cash to keep.

Nigeria’s CBN Debits N838.32 Billion From 15 Banks

Nigeria’s CBN Debits N838.32 Billion From 15 Banks

0

The Central Bank of Nigeria has debited the sum of N838.32 billion from 15 banks for not meeting the minimum cash reserve ratio (CRR).

The CRR is the percentage of customers’ deposits that must be kept with the central bank. At its current rate of 32.5%, commercial banks must deposit N325 for every N1,000 deposited by their customers.

The Central Bank of Nigeria (CBN) announced in September that it was increasing the CRR to 32.5% as part of its efforts to mop up liquidity and also curb inflation and currency depreciation in the country.

Some of the affected banks include Zenith Bank (N270 billion), Access Bank (N205 billion), United Bank for Africa (N134 billion), FCMB (N90 billion), First Bank (N33 billion), Union Bank (N29 billion), Keystone Bank (N14 billion), Titan Bank (N11.6 billion), Polaris Bank (N10 billion), Nova (N5.5 billion), Unity Bank (N1 billion), Heritage Bank (N470 million), FBN Microfinance Bank (N460 million), and Suntrust Bank (N92 million). 

The Central Bank Governor Godwin Emefiele, stated that banks that failed to meet the new requirements would be barred from the foreign exchange market until they have complied.

He also said that increased liquidity in the economy was one of the reasons for the rising inflation rate and currency depreciation.

After the MPC meeting, Mr. Emefiele stated that the banks will be implementing aggressive cash reserve requirement measures by mopping up liquidity from commercial banks.

The Central Bank of Nigeria raised the benchmark interest rate in its 287th Monetary Policy Committee meeting to a two-decade high of 15.5 percent, retaining the asymmetric corridor of +100/-700 basis points around the MPR.

Inflation seems to be the buzzword in Nigeria lately, as it has ravaged the country’s economy and also affected the disposable income of the citizens.

It comes as no surprise, given the near-unprecedented rise in the prices of goods and services in the country in recent times. July 2022’s inflation rate – the highest in the country since 2005 – stood at 19.64 percent, up from 15.60 percent in January 2022, according to the National Bureau of Statistics (NBS).

The CBN has introduced some measures aimed at maintaining price stability in line with its mandate. These measures have received the approval of some analysts who have expressed confidence in the CBN’s sustained intervention programs, and like Fasua believe that “inflation is expected to abate as food supply improves and the fiscal authority sustain its efforts to tame the legacy structural challenges which put upward pressure on domestic price levels.”

The CBN has rolled out several intervention measures in various sectors of the economy designed to curb inflation in line with its development functions to stimulate the economy and stabilize prices. Some of these intervention programs are; Disbursement of over N1.7trn to farmers, Disbursement of over N2.183trn for real sector projects, etc.