#MarketDownturn The cryptocurrency market is highly volatile, it reacts to external factors that produce sharp drops that lead to unwanted losses, however there are always second chances and formulas to protect your investment and capitalize on these negative fluctuations in your favor. Generally these external factors pass and the market recovers, it has always been like that. What is causing the market to fall? In my opinion there are two factors that have negatively affected the cryptocurrency market and the global financial market in general, it's not just cryptocurrencies, this Monday more than 1000 cryptocurrencies plummeted. - The tension in the Middle East has been one of the main factors, an eventual war of great escalation is about to start, and so it is reviewed in the world, however in my personal opinion that will not happen and this factor will disappear temporarily. - Economic problems with the major economies such as the US and Japan are present, on the one hand there has been an increase in interest rates in Japan, on the other hand and the strongest factor is the high possibility of the US going into recession, a high unemployment rate is the main reason for this, in addition to the weakness of the stock markets. The above factors have had a negative effect on the entire global financial market, World markets plummet amid a $3 trillion liquidation , investors like Warren Buffett sells $90 billion in stocks and has more Treasury bonds than the Federal Reserve, in the cryptocurrency market more than $1 billion was liquidated and the market plummets. Strategies to capitalize on the fall. Seek temporary refuge in stable currencies for a good part of your investment, in my opinion you should stay away from Memecoin as they will be the hardest hit cryptocurrencies and if the crisis is prolonged these coins are not backed by solid projects and will not be able to face the crisis against other strong ones that are. There is a strategy that they call buy in fall, this is to buy certain cryptocurrencies when prices fall sharply, for example the investor Justin Sun spent $ 37 million in Ethereum despite the falling prices, something that does not seem far-fetched, Ethereum is already in tune with the ETF funds and to pass the storm is almost certain a rapid rebound in prices, There is an important announcement coming out of Blooberg and that is that the megatech stocks have cut their losses and clarifies a relaxation of fear. Tips for staying strong and resilient during market fluctuations. - As they say to keep warm head, this is to avoid impulsive decisions without prior analysis. Panic selling is not advisable. - Try to diversify your portfolio, investing in cryptocurrencies that offer less risk of losses, I would say invest in Coins like Bitcoin, ethereun and BNB that always in times of low markets always recover their value, these coins are always a good long term investment. - I consider very important to keep you always well informed, there are many publications that will give you the latest news and how is the market trend. In my opinion this is vital, there are also many social networks where you know good information first hand.
Manta Network, A great contribution to the Blockchain
$MANTA #MantaRWA
INTRODUCTION
Given the completeness and length of this project I considered it appropriate to divide my article into several bodies or sections to give as much information without extending too much and try to explain in a clear way the technical concepts of the project, since it is a network for developers there is a lot of information that can be uncomfortable and difficult to understand if not explained in a simple and appropriate way, WHAT MANTA NETWORK IS AND HOW IT WORKS AND THE ADVANTAGES OF MODULAR TECHNOLOGY.
The Manta Network ecosystem is a blockchain system designed for zero-knowledge (ZK) applications, which aims to provide privacy and security to users on a scalable platform. It achieves this through a unique multi-modular architecture. Let's clarify what ZK zero-knowledge applications means, A zero-knowledge proof, also known as ZK proof, is a derivative of zero-knowledge technology in the fields of computer science and cryptography as a method to validate information with increased privacy, security and processing speed. On the other hand, modular technology or multimodular architecture is a term used by computer developers when we separate our development into modules, i.e. we do not do it as a whole but we develop separate modules which we test and implement to complete the development, this brings as advantages the reuse of code and greater scalability and maintenance of the developed systems, later we will see other advantages of modular technology. Dual blockchain architecture: Manta Network consists of two main blockchains: o Manta Atlantic: This is a Layer 1 (L1) blockchain, let's clarify A layer 1 blockchain is a base blockchain upon which secondary blockchain networks and applications are sometimes built. Layer 1 handles security, data availability and decentralization, while Layer 2 handles transaction-related scaling. . o Manta Pacific: this is an Ethereum Layer 2 scaling solution. Both chains are based on modular design, Manta Network uses a modular approach that separates transaction execution from data storage. This allows Manta to leverage the strengths of different protocols for various functionalities. For example, Celestia, which is another development within the Manta Network, handles data availability for Manta Pacific, ensuring data security and immutability. Manta Network offers several privacy-preserving features, which include: o Confidential transactions: these transactions conceal transaction amounts and keep them verifiable on the blockchain. o Private lending and borrowing: users can borrow and lend assets on DeFi platforms built on Manta without disclosing their credit positions. o zkSNARKs: this cryptographic technology allows users to prove the validity of transactions without revealing all the details. By leveraging Layer 2 solutions and modular architecture, Manta Network aims to achieve significantly faster transaction processing and lower gas rates compared to traditional blockchains. On the other hand Manta Network is a platform equivalent to EVM used in ethereun , let's clarify EVM, or Ethereum Virtual Machine, is a crucial component in the Ethereum architecture, It functions as a decentralized execution environment that enables the execution of smart contracts. to manage zero-knowledge applications. It provides scalability and security in a multi-modular environment. Manta Network users have access to two separate blockchains and different web development tools3, which greatly simplify the life of developers, enabling faster and scalable fully decentralized developments. The main goal of Manta Network is to create a ZK application platform equivalent to EVM. Other Advantages of Manta's modular and ZK-proof technology Leveraging Celestia's modular data availability, Manta Pacific offers incredibly fast infrastructure at a fraction of the cost which allows for lower rates. Scalability, Efficiency and Interoperability Manta's two blockchains, Pacific and Atlantic, can connect seamlessly, facilitating communication between different ecosystems. MANTA Tokenomics, $MANTA To help run its system, Manta Network launched in January of this year the MANTA token to help reward community members and process payments from developers using Manta Network functions. It is an ERC-20 token that can be staked, held as collateral or used to vote on Manta Network decisions. Where to buy MANTA available at Binance. MANTAcedefi, CeDeFi Manta Products CeDeFi: this term combines CeFi (Centralized Finance) and DeFi (Decentralized Finance). CeFi refers to traditional financial institutions, while DeFi leverages blockchain technology for peer-to-peer financial transactions. ceDeFi products bridge the decentralized and centralized worlds. Given this, CeDeFi products could be bundled financial products that combine aspects of CeFi and DeFi. These could offer users exposure to DeFi opportunities (such as lending, borrowing or asset trading) with the potential security and ease of use associated with CeFi institutions. CeDefi products are attractive for several reasons - Easier access to DeFi: CeFi institutions could act as intermediaries, simplifying access to DeFi products for users who may find it challenging to navigate DeFi protocols. - Enhanced security: CeFi institutions could provide additional security measures in comparison to fully DeFi products. https://cedefi.manta.network/
Manta Network's business development and research capabilities. Manta Network recognizes the importance of strong business development (BD). - Strategic partnerships - Manta actively seeks collaborations with other blockchain projects, financial institutions and technology providers. This fosters wider adoption of its technology and drives innovation within the ecosystem. Examples include partnerships with Celer Network (cross-chain bridges) and Chainlink (decentralized oracles). The latter is the fundamental building block for transmitting real-world data to the blockchain, that is the function of the Chainlik oracle. - Community building: Manta cultivates a strong community through participation in events, hackathons and developer programs. This helps attract talent, collect valuable feedback and build a loyal user base. - Investment in R&D: Manta dedicates resources to ongoing research and development (R&D) to push the boundaries of ZK technology and blockchain applications. This ensures that they remain at the forefront of technological advances. - Focus on ZK expertise: the team consists of experienced researchers and developers with a deep understanding of ZK cryptocurrency. This enables them to tackle complex challenges and develop innovative solutions. - Open source approach: Manta adopts an open source development model, allowing for transparency and community contributions to the code base. This fosters collaboration and accelerates innovation.
JOIN THE MANTA METWORK COMMUNITY You can participate in Manta both developers and investors who wish to invest in the project and earn for their participation, for more information here is the link to their website
Manta Network, A great contribution to the Blockchain. SUMMARY
$MANTA #MantaRWA WHAT IS MANTA NETWORK AND HOW DOES IT WORK AND ADVANTAGES OF MODULAR TECHNOLOGY.
The Manta Network ecosystem is a blockchain system designed for zero-knowledge (ZK) applications, which aims to provide privacy and security to users on a scalable platform. It achieves this through a unique multi-modular architecture.
Let's clarify what ZK zero-knowledge applications means, A zero-knowledge proof, also known as ZK proof, is a derivative of zero-knowledge technology in the fields of computer science and cryptography as a method to validate information with increased privacy, security and processing speed.
On the other hand, modular technology or multimodular architecture is a term used by computer developers when we separate our development into modules, i.e. we do not do it as a whole but we develop separate modules which we test and implement to complete the development, this brings as advantages the reuse of code and greater scalability and maintenance of the developed systems, later we will see other advantages of modular technology.
Dual blockchain architecture: Manta Network consists of two main blockchains:
o Manta Atlantic: This is a Layer 1 (L1) blockchain, let's clarify A layer 1 blockchain is a base blockchain upon which secondary blockchain networks and applications are sometimes built. Layer 1 handles security, data availability and decentralization, while Layer 2 handles transaction-related scaling. .
o Manta Pacific: this is an Ethereum Layer 2 scaling solution.
Which offer.
o Confidential transactions: these transactions hide the transaction amounts and keep them verifiable on the blockchain.
o Private lending and borrowing: users can borrow and lend assets on DeFi platforms built on Manta without disclosing their credit positions.
o Lower fees
o Scalability, efficiency, Interoperability the two Manta blockchains, Pacific and Atlantic, can be seamlessly connected, facilitating communication between different ecosystems.
MANTA Tokenomics, Where to buy MANTA available on Binance.
MANTAcedefi, CeDeFi Manta Products
CeDeFi: this term combines CeFi (Centralized Finance) and DeFi (Decentralized Finance). CeFi refers to traditional financial institutions, while DeFi leverages blockchain technology for peer-to-peer financial transactions. ceDeFi products bridge the decentralized and centralized worlds. Given this, CeDeFi products could be bundled financial products that combine aspects of CeFi and DeFi. These could offer users exposure to DeFi opportunities (such as lending, borrowing or asset trading) with the potential security and ease of use associated with CeFi institutions. CeDefi products are attractive for several reasons
Manta Network's business development and research capabilities.
Manta Network recognizes the importance of strong business development (BD).
- Strategic partnerships - Manta actively seeks collaborations with other blockchain projects, financial institutions and technology providers. This fosters wider adoption of its technology and drives innovation within the ecosystem. Examples include partnerships with Celer Network (cross-chain bridges) and Chainlink (decentralized oracles). The latter is the fundamental building block for transmitting real-world data to the blockchain, that is the function of the Chainlik oracle.
$ALT AltLayer Ecosystem ( $ALT ) is is an ecosystem developed by AltLayer, its goal is to create custom blockchains for projects using cumulative technology. And its potential is focused on the scalability of Ethereum. What do they enable? - Scalability: AltLayer blockchains can process many more transactions per second compared to Ethereum's main Ethereum network, potentially reducing transaction fees and congestion. - Customizable blockchains: AltLayer allows projects to build their own blockchains on top of Ethereum's main Ethereum network r] - Security: they inherit the security of the Ethereum network. Benefits they bring us: - Lower fees: AltLayer could be lower than on the Ethereum mainnet. - Faster transactions: faster transaction processing compared to the Ethereum mainnet. - Flexibility:Allows you to develop projects with specific features and functionalities to suit your needs. - Interoperability:AltLayer blockchains are designed to be interoperable with the Ethereum mainnet.Allowing assets and data to flow between them. reALT restaking model. Improve return on capital investment by allowing users to simultaneously stake their tokens on the main blockchain as well as other protocols, thus supporting multiple networks at once. It provides users with additional rewards for safeguarding more protocols, The main goal of restaking to make the process simpler for Blockchain developers to launch new projects without the burden of accumulating their own operator networks, or validators, and staked tokens to ensure the security of these new systems. It is revolutionizing blockchain scalability and security with its rollup technology and innovative use of the EigenLayer reset system. Its architecture, which includes VITAL for decentralized verification, MACH for fast locking and SQUAD for decentralized sequencing, ensures a robust and efficient ecosystem. The no-code Rollups-as-a-Service platform simplifies the creation of rollups, addressing both temporary and long-term needs. Binance introduces Binance Launchpool! ALT Farm betting BNB and FDUSD And so was their announcement Binance is pleased to announce project number 45 on Binance Launchpool - AltLayer (ALT) , a platform for launching native and re-stacked rollups with Optimistic and ZK Rollup Stacks. Users will be able to stake their BNB and FDUSD in separate pools to farm ALT tokens for six days , with farming starting from January 19, 2024 at 00:00 (UTC). How do the restored rollups work? It enhances blockchain rollups using the EigenLayer restore system. This increases decentralization, security, interoperability and efficiency. These rollups use three Actively Validated Services (AVS): - VITAL (Decentralized Verification): ensures rollup status is correct with community verification, managing both fraud to provide robust L1-level security. - MACH (Fast Completion): Reduces transaction completion time from about 13 minutes on L1 networks to less than 10 seconds. Improves interoperability between rolls and adds additional layers of verification and security. - SQUAD (decentralized sequencing): Involves the community in sequencing, reducing single points of failure. This increases the utility of rollup tokens and reduces censorship risks.
#ETFvsBTC First let's clarify what are Bitcoin ETFs?. Bitcoin ETFs are funds that are traded on traditional stock exchanges such as the NYSE and Nasdaq, the idea is that the funds allow the investor to get exposure to the price of Bitcoin without having to buy the cryptocurrency itself, In other words, when you invest in a Bitcoin ETF you are not buying Bitcoin directly, you are buying shares of a fund that has Bitcoin already purchased by the ETF issuer on the stock market. If BTC goes up, your shares will go up in proportion to the increase. Why invest in a Bitcoin ETF instead of buying the BTC directly? Advantages and disadvantages? Advantages: - Regulated and supervised financial product. - Easier access and security: you can buy and sell Bitcoin ETFs through a regular brokerage account, similar to stocks. - Minimizes risk Potential for scams and exchange hacks: Cryptocurrency exchanges can be vulnerable to hacks and scams, which could result in the loss of your Bitcoin. Bitcoin ETFs are held by an institution that is responsible for safeguarding BTC assets, they are the custodians.
Disadvantages: - Investors do not own the underlying BTC, you do not own the Bitcoin directly, so you miss out on some potential benefits, such as using it for payments or taking advantage of tax-deferred accounts that allow you to hold cryptocurrencies.
- Limited trading hours and higher fees, Bitcoin ETFs can only be traded during market hours, unlike Bitcoin, which trades 24/7. - Fees: Management fees for Bitcoin ETFs can be higher than those for direct Bitcoin purchases..
#ScamRiskWarning I was approached in my Telegran account by a person who asked me to register in a page of a company, this was fortunecapitaltrade fx, in principle it seemed a favor to register with your referral link. To my surprise the person approached me again thanking me for registering and told me that he would lend me 150 dollars in USDT to invest in that platform and that after verifying that it was something good I would return the money lent, I indicated the address of my wallet on that platform and the person sent me the 150 USDT, the idea was to place that amount daily and the next day I would have in my wallet the 150 dollars plus 25 dollars of profit. Total 175 dollars, I took account and that would give me a profitability of 750 dollars a month, with only investing 150 dollars, there I realized that it was a scam. It is impossible with such a small amount of money to have such a great profitability in just one month. To be sure I tried to withdraw 25 dollars to a personal wallet and the system told me that the transaction was successful, when I checked my personal wallet there was nothing of that transaction, it was a fictitious withdrawal, however I played along with the person and told him that the profit was very good, then to my surprise the person told me that he would share a credit with me, that I should invest 600 dollars and that would give me a profitability of 100 dollars a day. Of course I would never invest in that. I told the person that I would not invest, that I considered it a scam, the person deleted the telegram account, I wonder how many people have been scammed. I imagine he will create a new account and continue scamming.
Never invest in something that offers high profits with little money, it is possible that they give you dividend initially if it is a ponci equema, it is usually scam and you never get back what you invested. Check google the name of the company followed by the word scam and you will quickly come up with many people who have been scammed.Do your own research (DYOR
#HotTrends #2024 After two years that I could say bad, what is currently happening in the cryptocurrency market gives us a feeling of optimism for this year, we are just in the first quarter and I believe that the market will be better, we will end the year 2024 with an attractive market for investors. I am certain that BTC will reach unsuspected values before the end of the year, on the other hand I estimate that ETH will go to its historical highs if its ETFs are definitely approved, something that pessimists say will not happen, however the spread of bitcoin spot ETFs have created a precedent difficult to overlook and its importance will be increasingly greater, with ethereun etf the market will continue to improve, we can compare what will happen with ETH if we see what is happening with BTC. On the other hand my optimism is also based on the fact that I have noticed that financial institutions are setting their sights on cryptocurrencies, and that was something until this year that seemed very difficult. The bitcoin halving that is announced for this coming month of April I believe will be a factor for the BTC to rise considerably in price and let's remember that when bitcoin rises in price it influences the cryptocurrency market in a positive way.
#HotTrends #BTC After a week of recods BTC has been stable around $67,000, my prediction of BTC price in April 2024, BTC will be at $69. 000 dollars in April of this year 2024, I believe that two months after halving if increases could come, also play an important role ETF funds bitcoin spot, new funds are being announced to existing ones and that will give greater pressure to buy Bitcoin, there are already financial institutions investing, For the month of April will certainly create some shortage of the cryptocurrency and this will affect the increase but I believe that the bullish season will be two months later, at the moment April is just around the corner and I think it could go up a little to stabilize at 69. 000 dollars, however everything will depend on how much they can buy before halvong, which nobody can predict.
#HotTrends #ETF What I think about the approval of an Ethereum ETF. When you invest in a Bitcoin ETF you are not buying outright Bitcoin, you are buying shares of a fund that has Bitcoin already previously purchased by the one issuing the ETF on the exchange. If the BTC goes up, your shares will go up in proportion to the increase. In an analogous manner would Ethereum spot ETFs work. It took several years for the final approval of bitcoin spot ETFs, now it is being treated in the United States specifically in the SEC, a request to be tested Ethereum spot funds, my very personal opinion is that it will not happen this year, at least in the United States, I do not rule out that they can be approved in other countries, but not in the US, my reasons are based on the delays in the sec on the matter also an important news in that matter was that US senators are pressuring the SEC to reject other crypto ETF proposals, which casts doubt on the chances of approval of the Ethereum ETF. That is a point that will hold the sec back from approval.
#HotTrends #Halving. There is a limited supply of 21 million BTC, which prevents inflation since there is no more money supply. But what happens if those 21 million coins are issued too quickly? Well, that's precisely what Halving is for. Through this process, the network itself regulates the issuance of new coins, each time halving the value that is currently in effect. This means that there will be less mining and therefore a shortage of BTC, raising its price, Finally if we apply the statistics of the 4 halving performed so far, 2009, 2012, 2016 and 2020. I consider after the halving is a good time to invest, Not only I think so, I have also read the opinion of many experts , analysts expect the biggest gains to occur after the event. Every halving by statistics have proven to be a solid point to enter the market. 150 to 400 days after the halving tends to be the optimal time where the cumulative effects of moderate selling pressure from miners positively impact the direction of BTC.
#HotTrends #Binance Binance Pay it is one of the best functionalities of binance, Its objective is to be able to make and receive payments in an immediate way, already many merchants are admitting it in their business. Receive and make transfers through Pay directly from the app, no need for links, from your mobile or PC, What is Binance Pay? Binance Pay is a secure cryptocurrency payment technology that allows you to pay and receive cryptocurrency payments from your friends, merchants and family around the world, no matter where you are and without contact. I have used it to purchase several items seamlessly and in the fastest and safest way, already widely accepted by many merchants. You can access binance pay from your mobile or pc and the way to make or receive payments is very easy and simple, How to make payments with Binance Pay? 1. After scanning or entering the recipient's data, choose the cryptocurrency and enter the amount you want to send. 2. 2. Click on the name of the cryptocurrency and the system will redirect you to the list of cryptocurrencies. You can check the available balance of each cryptocurrency in your Spot and Fund wallets. If the balance is not enough to cover the transfer, transfer the funds to your Fund Wallet or Spot Wallet first. You can also add a personalized message for your recipient by tapping, Receiving payments is also very easy. Binance Pay transactions are usually confirmed instantly.
#HotTrends #AltSeason Altcoins Season. The Altseason or Altcoins season is a period of time in which altcoins outperform Bitcoin. During an Altseason, Bitcoin's dominance (its market share) decreases, while Altcoins, especially major Altcoins, increase in value. I see it very difficult if not impossible for this year that the altcoins season could come. It could only happen with the SEC approval of Ethereum ETFs, something that in my opinion will not happen, at least not this year, as I indicated in an article about the approval of ETH ETFs, a large number of US Senators oppose it. And so they referred it to the SEC. For the time being and for the remainder of 2024, bitcoin ETFs will continue to lead the way in the rise of the BTC price, and their expansion globally remains to be seen, that will take the season away from altcoins. So I see the arrival of the alternate currencies season as very difficult, I would say that several will happen. The bitcoin will continue its reign
#HotTrends #Binance Binance Pay Definitely one of my favorite and most used features.
Receive and make transfers through Pay directly from the app, no need for links, from your mobile or PC, .What is Binance Pay? Binance Pay is a secure cryptocurrency payment technology that allows you to pay and receive cryptocurrency payments from your friends, merchants and family around the world, no matter where you are and contactless. I have used it to purchase various items without problems and the fastest and safest way, already widely accepted by many merchants. You can access binance pay from your cell phone or pc and the way to make or receive payments is very easy and simple,
How to make payments with Binance Pay?
1. After scanning or entering the recipient's details, choose the cryptocurrency and enter the amount you want to send.
2. Tap the cryptocurrency name and the system will redirect you to the list of cryptocurrencies. You can check the available balance of each cryptocurrency in your Spot and Fund Portfolios. If the balance is not enough to cover the transfer, first transfer the funds to your Fund or Spot Wallet.
You can also add a personalized message for your recipient by tapping [Add note] .
Receiving payments is also very easy.
Binance Pay transactions are usually confirmed instantly.
#HotTrends #Halving Bitcoin was born with the aim of being an anti-inflationary currency, the control of currency issuance by central banks, and in turn the obvious weight of governments on these. bodies, makes any self-respecting currency doomed to inflation. Not so with Bitcoin. There is a limited supply of 21 million BTC, which prevents inflation since there is no more money supply. But what happens if those 21 million coins are issued too quickly? Well, that's precisely what Halving is for. Through this process, the network itself regulates the issuance of new coins, each time halving the value that is currently in effect. This means that there will be less mining and therefore a shortage of BTC, raising its price,
Finally if we apply the statistics of the 3 halving performed so far, we can see the following:
halving in 2012 November 28, 2012. On that occasion the BTC price closed at $12.40. One year later, on November 28, 2013, the coin was trading at $1,101.40. The increase in one year was 8,782%:
it halved in 2016, on July 9 of that year, BTC was trading at $651.8 and a year later, the price of BTC was comfortably settled at $2,511.40. This means that the price of Bitcoin rose by 285.30%.
Last halved on May 11, 2020, BTC price of $ 8579.80. one year later, it would reach $ 56,695. Therefore, the revaluation that we will find will be 560%.
Is it the right time to invest?
Definitely yes, it is my personal opinion and the sentiment of many experts for investors, analysts expect the biggest gains to occur after the event every halving has proven to be a solid point to enter the market. 150 to 400 days after halving tends to be the optimal time where the cumulative effects of moderate selling pressure from miners positively impacts the direction of BTC.
The bitcoin price by year-end could reach around $80,000 to $85,000 in the worst-case scenario and $120,000 to $130,000 in the bull case,
First of all let's look at what Altcoins season is. Altseason or Altcoins season is a period of time when altcoins outperform Bitcoin. During an Altseason, Bitcoin's dominance (its market share) decreases, while Altcoins, especially major Altcoins, increase in value.
Under the eternal dominance of the Bitcoin queen and with the support of the binance ETFs that have given a very important reinforcement to the cryptocurrency added to the halving, I consider very difficult for this year that the altcoins season is possible,
The only option I see for the altcoins season this year would be the approval by the SEC of Ethereum ETFs, which seems a long road as it was the approval of bitcoin ETFs, even more so when a large number of US senators oppose it.
Bitcoin ETFs continue to dominate the scene and their expansion globally remains to be seen, that will push the altcoin season away. The only option for the altcoin season depended on the big whales, but with ETFs I don't think it will be possible this year, the only option would be for ethereum ETFs to be approved this year, which I see as difficult,
If you are passionate about cryptocurrencies and want to buy cryptocurrencies directly I recommend you to trade with Binance, for this you must have a registered account, if you don't have one yet here you have my referral link
#HotTrends #AltSeason Altcoins Season. Altseason or Altcoins season to me something that seems utopian, is a time to come when altcoins overtake Bitcoin. During an Altseason, Bitcoin's dominance decreases and its market share drops, while Altcoins, especially major Altcoins, increase in value. I see it very difficult, if not impossible, for altcoins season to arrive this year. It could only happen with the SEC approval of Ethereum ETFs, something that in my opinion will not happen, also to a sharp drop in Bitcoin spot ETF funds, at least this year, since as I indicated in an article about the approval of ETH ETFs, a large number of US Senators oppose it. And so they referred it to the SEC. For the time being and for the remainder of 2024, bitcoin ETFs will continue to lead the BTC price rise, and their expansion globally remains to be seen, that will take season away from altcoins. As I indicated above, for me it is utopian
#HotTrends #Halving. Through this process, the network itself regulates the issuance of new coins, reducing each time by half the value in force at that time. This means that there will be less mining and therefore scarcity of BTC, raising its price, There is a limited supply of 21 million BTC, which avoids inflation since there is no more money supply. But what happens if those 21 million coins are issued too fast? Well, that is precisely what Halving is for. Finally if we apply the statistics of the 4 halving performed so far, 2009, 2012, 2016 and 2020. It is clear that after halving is a good time to invest, Not only I think so, I have also read the opinion of many financial experts, analysts expect the biggest gains to occur after the event. Every halving by statistics have proven to be a solid point to enter the market. 150 to 400 days after the halving tends to be the optimal time when the cumulative effects of moderate selling pressure from miners will positively impact the direction of BTC.
#HotTrends #Binance Binance Pay For me the most important functionality of Binance, it is used to make and receive payments immediately, there are already many merchants that are supporting it in their business. Receive and make transfers through Pay directly from the app, without the need for links, from your mobile or PC, What is Binance Pay? Binance Pay is a secure cryptocurrency payment technology that allows you to pay and receive cryptocurrency payments from your friends, merchants and family around the world, no matter where you are and contactless. I have used it to purchase several items seamlessly and in the fastest and safest way, already widely accepted by many merchants. You can access binance pay from your mobile or pc and the way to make or receive payments is very easy and simple, How to make payments with Binance Pay? 1. After scanning or entering the recipient's data, choose the cryptocurrency and enter the amount you want to send. 2. 2. Click on the name of the cryptocurrency and the system will redirect you to the list of cryptocurrencies. You can check the available balance of each cryptocurrency in your Spot and Fund wallets. If the balance is not enough to cover the transfer, transfer the funds to your Fund Wallet or Spot Wallet first. You can also add a personalized message to your recipient by tapping, Receiving payments is also very easy. Binance Pay transactions are confirmed instantly.
#HotTrends #ETF Ethereum ETF approval seems to be stalled. It took many years for the final approval of bitcoin spot ETFs, now it is being dealt with in the United States specifically at the SEC, a petition for Ethereum spot funds to be tested, my very personal opinion is that it is not going to happen this year, at least in the United States, I do not rule out that they can be approved in other countries, but not in the US, my reasons are based on the sec delays in that regard plus an important news in that matter was that US senators are pressuring the SEC to reject other cryptocurrency ETF proposals, which casts doubt on the chances of Ethereum ETF approval. This is a point that will slow down the approval of sec.
#HotTrends #BTC my prediction of the price of BTC in April 2024, BTC will be at $ 65. 000 in April this year 2024, I think two months after the halving of bitcoin in which its mining is reduced by half if it should rise, so say the statistics, but that increase will be seen a year after applying the halving, at the moment the cryptocurrency has fallen by 10% and I think it will remain in a band between 63,000 and 67,000, but in April I think it will be around 65. 000, rises could come, also play an important role the bitcoin spot ETF funds, new funds are being announced to the existing ones and that will give more pressure to the purchase of Bitcoin, there are already financial institutions investing, For the month of April will surely create some shortage of the cryptocurrency and this will affect the rise but I think the bullish season will be two months later, at the moment April is just around the corner and I think it could rise a little to stabilize at 69. 000, however it will all depend on how much they can buy before halving, which no one can predict.