Crypto

Analyst Says This Cryptocurrency Priced at $0.1 Will Spearhead the 2024 Bull Run With Solana (SOL) and Ethereum (ETH)

Published

3 months ago

February 1, 2024

Analyst Says This Cryptocurrency Priced at $0.1 Will Spearhead the 2024 Bull Run With Solana (SOL) and Ethereum (ETH)

Retik Finance

The quiet rumours began to emerge subtly, akin to wisps of smoke drifting from a concealed alleyway. A name previously scarcely mentioned in the world of cryptocurrency started appearing on analyst screens and Telegram groups: Retik Finance (RETIK). This cryptocurrency, valued at a modest $0.1 at its current press stage 8, resides in the shadows of major players like Solana and Ethereum. Nevertheless, within the realm of established giants, Retik Finance has sparked interest, capturing the attention of an experienced analyst with a bold prediction: this underdog, this scarcely acknowledged token, might lead the 2024 bull run, surpassing even the formidable SOL and ETH in terms of performance. Is this daring forecast simply market hype, or does Retik genuinely possess the potential to reshape the crypto narrative? Let’s peer into the analyst’s crystal ball and explore the factors driving this $0.1 marvel toward potential success in 2024.

The Utility Arsenal of Retik Finance (RETIK)

Behold, Retik Finance (RETIK) is not merely a catchy name with a slick website, but a comprehensive ecosystem teeming with utility and innovation. Here’s a closer look at the key components that have captivated analysts and investors:

Retik DeFi Debit Cards: Convenience and Crypto, United at Last:

No longer must you choose between convenience and crypto. Retik’s DeFi debit cards bridge the gap seamlessly, allowing you to spend your crypto anywhere Visa or Mastercard are accepted. Earn cashback rewards, relish airport lounge access, and experience the power of decentralised finance effortlessly integrated into your daily life.

Retik Payment Gateway: A Global Crypto Customer Base Awaits Businesses:

Rejoice, businesses! Retik’s payment gateway welcomes a global customer base eager to pay with crypto. By eliminating chargebacks and reducing transaction fees, you can tap into a vast pool of potential customers embracing digital currencies.

Retik Wallet: Your Gateway to Complete Control:

Step into the Retik ecosystem with a non-custodial wallet that empowers you with complete control over your assets. Effortlessly store, transact, and manage your cryptocurrencies, knowing your funds remain secure and under your watchful eye.

Swap Aggregator: One-Stop Solution for Optimal Swapping:

Bid farewell to the tedious task of scouring endless DEXs for the best deals. Retik Finance’s swap aggregator streamlines the process, swiftly comparing quotes and fees across multiple platforms. Rest assured, you’ll always get maximum value when swapping your crypto.

AI-Powered P2P Lending: Revolutionising Borrowing and Lending:

Experience borrowing and lending like never before. Retik’s intelligent AI analyzes lending options and matches you with the most advantageous deals. Say goodbye to guesswork and maximise your returns in the world of P2P lending.

Perpetual Futures & Options: Complexity Simplified:

Yearn to leverage your crypto holdings without navigating the complexities of traditional derivatives? Retik’s user-friendly interface presents a straightforward path. Engage in long and put options directly from the app, opening up new avenues for managing your crypto portfolio. This is just a glimpse into the comprehensive toolbox that Retik Finance offers. It’s an ecosystem designed for real-world use, not just speculative trading. It’s about empowering individuals and businesses to leverage the power of crypto in their everyday lives.

Why Financial Analysts are Bullish on RETIK: The Factors Fueling the Hype

So, what is it about Retik Finance (RETIK) that is generating such enthusiasm among analysts with a track record of successful investments? The main reasons can be found in several aspects. The Retik Finance project is leading the way in bridging the gap between cryptocurrency and traditional finance, positioning itself well to take advantage of the increasing demand for practical crypto applications. The analyst also highlights that Retik Finance offers genuine utility through its suite of products and services, setting it apart from numerous meme coins or protocols primarily concerned with generating yields. This inherent value attracts investors looking for more than just potential speculative gains. Despite being a newcomer in the crypto market, the project has managed to raise an impressive $17.5 million in less than 2 months during its ongoing presale, showcasing strong community support and investor confidence. Additionally, the team behind Retik Finance has a track record of success in the financial and technology sectors, adding a layer of trust and credibility to the project.

Conclusion

The 2024 bull run is still a horizon shrouded in mist, but one thing is certain: the winds of change are already blowing through the crypto landscape. Projects like Retik Finance, with their laser focus on real-world problems and user-centric solutions, are poised to ride these winds, potentially propelling the market toward new heights.

Click Here To Take Part In Retik Finance Presale

Visit the links below for more information about Retik Finance (RETIK):

Website: https://retik.com

Whitepaper: https://retik.com/retik-whitepaper.pdf

Linktree: https://linktr.ee/retikfinance

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Crypto

Cryptocurrency Price Analysis: SHIB, DOGE, and XRP Face Varied Challenges

Published

4 hours ago

May 4, 2024

Press Room

Throughout much of the month, the majority of top assets maintained a sideways trajectory. While some experienced marginal upticks, others contended with declines. Let’s delve into the price analysis of Shiba Inu (SHIB), Dogecoin (DOGE), and Ripple (XRP). Shiba Inu (SHIB)Coin Edition’s evaluation of SHIB’s 4-hour chart revealed a bearish signal. Specifically, attention was drawn to the Exponential Moving Average (EMA), where the 20 EMA (yellow) crossed below the 9 EMA (blue)—a phenomenon known as a death cross. Moreover, SHIB’s price lingered beneath these indicators, signaling a diminishing strength for the token. Presently, there’s a prospect of SHIB’s price descending

Crypto

Bitcoin (BTC) User Paid Eye-Watering $100,254 for Single Transaction

Published

10 hours ago

May 4, 2024

Press Room

Bitcoin (BTC) User Paid Eye-Watering $100,254 for Single Transaction

A single Bitcoin BTCUSD transaction has caught the attention of many owing to its gas fee size. Blockchain analytics platform Whale Alert confirmed that a fee of 1.5 BTC was paid for a single transaction. This fee is equivalent to $100,254 based on the current market value of the top cryptocurrency. This fee is quite higher than the average transaction cost.

This user paid this enormous fee to have their transfer included in an ordinary Bitcoin block. Some of these transactions have been recorded in the past. In September 2023, a Bitcoin user paid a transaction fee of 19 BTC. This was around the time when Bitcoin price was trading at $26,000, hence, the 19 BTC was equivalent to $509,563.

Then again, in January, another BTC account paid over 4 BTC to have their transfer included in an ordinary Bitcoin block. The transaction was therefore charged with a whopping 1,800,890 sat/vB fee.

Potential reason for high transaction fee

Payment of such exorbitant fees usually raise suspicions as many market observers wonder the circumstances that could have led to it. At press time, Bitcoin’s average transaction fee was at a level of $4.696, up from $3.740 on May 4 and down from $6.696 one year ago. This is also a change of 25.57% from yesterday and -29.86% from one year ago, per data from YChart.

It is worth noting that ordinarily transaction fees can fluctuate due to network congestion. It once reached as high as $60 during the 2017 cryptocurrency boom. Hence, this outrageous transaction fee recently recorded could be a result of a mistake or a misconfiguration in transaction software. It could also be potentially for reasons known only to the transaction initiator or even a possible money laundering scheme.

Crypto

Stablecoin Tether steps up monitoring in bid to combat illicit finance

Published

17 hours ago

May 4, 2024

Press Room

Stablecoin Tether steps up monitoring in bid to combat illicit finance

The world’s largest stablecoin, Tether, has stepped up monitoring of how its tokens are used in broader crypto markets and payments in a bid to combat illicit finance, Tether said in a statement on Thursday.

Tether, a cryptocurrency pegged to the U.S. dollar, and blockchain analytics company Chainalysis have launched new tools to identify transactions associated with sanctioned entities and analyse the activity of major holders of the token, Tether said.

Last month, Reuters reported that Venezuela’s state-run oil company PDVSA planned to increase use of Tether in its crude and fuel exports at a time when the U.S. has reimposed oil sanctions.

Crypto Tracker

The Wall Street Journal reported last month that Russian middlemen had used Tether to evade Western sanctions in order to source weapons parts for drones and other military equipment. Tether’s announcement did not mention either report. Asked by Reuters if Thursday’s announcement was related to the report about Venezuelan oil, a spokesperson for Tether said that its work to build a more powerful monitoring tool with Chainalysis had been “in the works for several months.” “Tether has been using Chainalysis data for several years, as the foundation for our investigation and compliance work. Also, Tether has clearly announced its compliance with OFAC/SDN list,” the spokesperson said in emailed comments, referring to the U.S. Treasury’s Office of Foreign Assets Control’s sanctions. Tether has previously said that every action with the cryptocurrency is online and traceable, and “every asset can be seized and every criminal can be caught.”

Tether has grown rapidly in recent years, hitting $100 billion in circulation in March. That growth has been driven by its use as an alternative to the dollar in emerging markets, Tether CEO Paolo Ardoino told Reuters last month.

Stablecoins can be used as a form of payment, as well as to convert in and out of other tokens, such as bitcoin, when trading on crypto exchanges.

Tether, which is registered in Hong Kong and owned by a company registered in the British Virgin Islands, is able to freeze its tokens and has previously said it has done so in response to requests from law enforcement.