Crypto
The Evolution and Impact of Cryptocurrency: Where to Invest In 2023?
Bitcoin (BTC) was introduced in 2009 as the world’s first cryptocurrency. The creator aimed to revolutionize global transactions by increasing speed and providing access and anonymity to anyone worldwide while avoiding fraud and interference from third parties.
This new exchange method became popular quickly, and many cryptocurrencies soon followed in Bitcoin’s (BTC) steps. The present number of more than 23,000 cryptocurrencies proves crypto’s progress as an important sociocultural phenomenon with a huge ecological and economic impact.
Crypto’s improvement of cross-border transactions has made this digital asset a widely accepted payment method today. However, the increasingly large number of cryptocurrencies makes it difficult to decide where to invest.
Experts point out Bitcoin (BTC), Ethereum (ETH), and VC Spectra (SPCT) as the most viable crypto investments in 2023.
>>BUY SPECTRA TOKENS NOW<<
Bitcoin (BTC) Predicted to Reach $40,000
Bitcoin (BTC) has managed to preserve its dominance in the crypto market despite the industry’s recent regulatory issues. Currently selling for $29,509, Bitcoin (BTC) bulls predict that Bitcoin’s (BTC) price will soon surge to $40,000.
This prediction is based on Bitcoin’s (BTC) current data patterns and Bitcoin’s (BTC) leading position by market capitalization.
But while Bitcoin (BTC) is undoubtedly a smart investment decision as the currency remains unaffected by market-wide crashes, bears warn that Bitcoin (BTC) soon needs to reach $35,500 to avoid sudden price dips.
Ethereum (ETH) Continues to Rise
The SEC’s recent lawsuits against Coinbase and Binance affected Ethereum’s (ETH) performance, with Ethereum (ETH) dropping below $1,700. However, Ethereum (ETH) swiftly bounced back, and bulls are convinced that Ethereum (ETH) will resume its present upward trend, with Ethereum (ETH) soon reaching the $1,800 threshold.
Currently priced at $1,840, Ethereum (ETH) has surged by 2.60% from yesterday’s value. Ethereum’s (ETH) continued rise is also reflected in its investors’ increased staking activity.
On the other hand, Ethereum (ETH) bears predict a downtrend if the price drops below $1,750 in the next term.
VC Spectra (SPCT) – A New Highly Rewarding Investment
Many experts are suggesting VC Spectra (SPCT) as another smart crypto investment for 2023 besides Bitcoin (BTC) and Ethereum (ETH). VC Spectra (SPCT) amazing potential and real-world utility have enabled VC Spectra (SPCT) to attract a large number of supporters even during its public presale phase.
VC Spectra (SPCT) functions as a decentralized hedge fund that empowers users to identify market trends and profit from investing in lucrative blockchain projects and technology startups.
The VC Spectra (SPCT) token provides exclusive access to deep liquidity and numerous further benefits, such as pre-ICO discounts and voting rights for future seed/private sales.
VC Spectra (SPCT) users can expand their portfolios with the best investment options in diverse tokens and niche markets and receive dividends and buybacks from the profits.
Currently priced at $0.008, the VC Spectra (SPCT) is set to bring 10x gains once it reaches the targeted $0.08 during the presale. Thereby, investing in VC Spectra (SPCT) at this stage could bring incredible gains!
>>BUY SPECTRA TOKENS NOW<<
Learn more about the VC Spectra presale here:
Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io/
Twitter: https://twitter.com/spectravcfund
Telegram: https://t.me/VCSpectra
Recommended Stories
Crypto
Is The Bitcoin Price Correction Over? Here’s The Support Level To Watch
The Bitcoin price suffered significant bearish pressure over the past week, dragging down alongside it a large portion of the general crypto market. The premier cryptocurrency tumbled as low as $59,500 at some point in the week — its lowest in nearly two months.
While investors will be hoping that the worst is over, it is difficult to determine whether BTC is ready to resume its bullish run. In any case, a prominent crypto intelligence firm has identified a price level critical to the future trajectory of the Bitcoin price.
$56,000 The Ultimate Support Level For Bitcoin: CryptoQuant
In a recent report, the blockchain analytics platform CryptoQuant put forward an interesting prognosis for the price of Bitcoin over the coming days. According to the firm, the $56,000 price level is an important level to the future performance of the premier cryptocurrency.
The relevant indicator here is Metcalfe price valuation bands, which pinpointed resistance levels and tops in the previous cycle. However, as shown in the chart below, these bands (the red line) acted as a critical support area in May.
For context, the Metcalfe Law states that the value of a network is proportional to the square of the number of its users. Basically, this law suggests that the value of the cryptocurrency (Bitcoin) is intrinsically linked to the size and activity of its network.
The Metcalfe price valuation bands are derived from this principle, providing a valuation framework associated with the network effect. These bands create a range of price levels that evaluate where Bitcoin should theoretically trade based on the network fundamentals.
Historically, these bands have acted as both reliable resistance and support levels in different market cycles. In recent months, the $56,000 level has been a pivot point for the indicator, providing a strong support for the Bitcoin price in May.
According to CryptoQuant’s report, the price level might prove to be vital should the premier cryptocurrency face additional downward pressure. However, if the Bitcoin price dips below this level, the market leader could experience a major correction.
Bitcoin Price At A Glance
As of this writing, the Bitcoin price has returned to around the $60,700 mark, reflecting a 2% decline in the last 24 hours. The coin’s performance on the weekly timeframe is deeper in the red.
According to data from CoinGecko, BTC is down by more than 6% in the past week. Nevertheless, the cryptocurrency ranks as the largest asset in the sector, with a market capitalization of over $1.18 trillion.
Crypto
Earning Cryptocurrency with Minimal Investment: A Comprehensive Guide
1. Harnessing the Power of Referral Programs
Let’s kick things off with a strategy that leverages your network: referral programs. Cryptocurrency exchanges and platforms often offer lucrative rewards for bringing new users on board.
- KuCoin Affiliate Program: Earn up to 60% of trading fees from referrals.
- Trezor Affiliate Program: Earn up to 15% in commission for each referral.
- Koinly Affiliate Program: Earn up to 40% in commission for each referral.
2. Searching for Crypto: The Presearch Revolution
Enter Presearch, a decentralized search engine that rewards users with its native token, PST.
- Earn 0.25 PST per search
- Daily cap of 8 PST
- At the time of writing, 1 PST is valued at $0.02
3. Putting Pen to Paper (or Fingers to Keyboard)
If you’ve got a way with words, platforms like Publish0x offer an intriguing opportunity.
- Write blog posts on various topics
- Earn crypto tips from readers
- Even readers can earn a slice of the advertising revenue
4. Shop ‘Til You Drop (and Earn Crypto)
Turn your retail therapy into a crypto-earning opportunity with platforms like:
- Lolli: Earn up to 30% back in cash or Bitcoin at over 1,000 stores
- StormX: Provides Crypto Cashback ranging from 0.5% to 87.5% at various online retailers
5. Learn and Earn: Education Pays Off
Platforms offering “Learn and Earn” programs:
- Coinbase: Earn up to $200 worth of free crypto
- Binance
- Phemex
- CoinMarketCap
6. Engage with Crypto Communities
- Forecaster: Create content and interact with others, earning crypto tips and rewards
- BountyCaster: Post and redeem bounties for completing specific tasks or achievements
7. Sign-Up Bonuses: Free Crypto for Joining
- CoinSmart: Get 15 CAD worth of Bitcoin for signing up and verifying your account
- Crypto.com: $25 bonus when you stake at least $400 worth of CRO
8. Crypto Betting Bonuses
In the realm of cryptocurrency, even online betting platforms are getting in on the action. “Crypto betting bonuses explained” is a term you might come across when exploring this niche. These bonuses are incentives offered by crypto-friendly betting sites to attract new users or retain existing ones.
Types of Crypto Betting Bonuses
- Welcome Bonuses: Often a match of your first deposit in cryptocurrency.
- No Deposit Bonuses: Free crypto to bet with, no deposit required.
- Reload Bonuses: Rewards for subsequent deposits.
- Cashback: A percentage of losses returned as crypto.
When diving into crypto betting bonuses explained, it’s important to note that these offers often come with terms and conditions, such as wagering requirements or time limits. Always read the fine print and gamble responsibly.
Important Considerations
- Bonuses should not be the sole reason for engaging in online betting.
- Prioritize responsible gambling practices.
- Be aware of the risks involved in both cryptocurrency and online betting.
- Terms and conditions may vary significantly between platforms.
Remember, while crypto betting bonuses can seem attractive, they are ultimately marketing tools designed to encourage betting. Always approach such offers with caution and a clear understanding of the associated risks and requirements.
Crypto
21Shares files for permission to offer ETF linked to cryptocurrency Solana
By Suzanne McGee
(Reuters) – Digital assets investment management firm 21Shares filed Friday for permission from U.S. regulators to launch an exchange-traded fund tied to the spot price of crypto token Solana.
It was the second such filing in as many days, following a similar move Thursday by VanEck. The Securities & Exchange Commission approved spot bitcoin ETFs offered by both firms, among others, in January after a long battle. Both VanEck and 21Shares are among the asset managers awaiting SEC approval to launch spot ETFs tied to the price of ethereum, the second-largest cryptocurrency.
The CBOE, the exchange on which both asset managers plan to list Solana ETFs if approved, must still request regulatory approval to change its rules and allow these new products to trade. People involved in the Solana discussions, who declined to be identified because of the confidentiality of the process, said that filing could come within days or weeks. A spokeswoman for CBOE declined to comment.
A third asset manager, Canada’s 3iQ, filed earlier in June for permission from Ontario regulators to list a similar Solana-based product on the Toronto Stock Exchange. Solana is the fifth-largest cryptocurrency measured by market capitalization, according to CoinGecko.
The three filings have combined to drive the price of Solana 9.4% higher in the last seven days, even as the prices of bitcoin and ether dropped 4.6% and 2.8% respectively, according to CoinGecko.
So far, however, no futures contracts on Solana trade on the CME, in contrast to the pattern with both bitcoin and ether. The SEC approved futures-based ETFs tied to both tokens before considering the spot products.
The existence of futures contracts, however, “should not be the sole criterion for ETF eligibility,” said Andrew Jacobson, head of legal at 21Shares.
(Reporting by Suzanne McGee; Editing by Cynthia Osterman)
Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.
-
News1 week ago
Tracking a Single Day at the National Domestic Violence Hotline
-
Fitness1 week ago
What's the Least Amount of Exercise I Can Get Away With?
-
News1 week ago
Supreme Court upholds law barring domestic abusers from owning guns in major Second Amendment ruling | CNN Politics
-
Politics1 week ago
Trump classified docs judge to weigh alleged 'unlawful' appointment of Special Counsel Jack Smith
-
Politics1 week ago
Supreme Court upholds federal gun ban for those under domestic violence restraining orders
-
World5 days ago
Israel accepts bilateral meeting with EU, but with conditions
-
Politics1 week ago
Trump VP hopeful proves he can tap into billionaire GOP donors
-
World6 days ago
New Caledonia independence activists sent to France for detention