Cowen spoke to his 764,800 followers on social media platform X. The analyst says Bitcoin is poised to fall by single-digit percentage points before rebounding to complete the downtrend.

“There is a good chance that BTC will surpass the previous low ($24,800) soon. After reaching such a low, it is possible that BTC could see a relief rally towards the death cross (when the 50-day simple moving average crosses below the 200-day simple moving average). However, any pump will likely be short-lived and result in lower highs. “BTC will likely trend downward for the rest of the year.”

Data breaches and unauthorized data access have become common problems on the internet today. Ensuring the security and privacy of data has become a crucial concern for users in the Web3 space.

Mind Network, a decentralized platform headquartered in the United States, stands as a pioneering decentralized platform known for its groundbreaking “zero trust data lake” that addresses this concern. This innovative platform offers users, organizations, and developers a cutting-edge, privacy-preserving data lake achieved by securely sealing information into encrypted data ledgers.

Financial analyst Tom Lee expects the price of Bitcoin to reach $150,000 in the coming future if things go as expected in the crypto market.

American investor and analyst Tom Lee expects the price of Bitcoin to rise in the future if things go as expected with the US Securities and Exchange Commission's (SEC) exchange-traded funds (ETF) applications. The Fundstrat analyst's comment came at a time when BTC continued to maintain an almost horizontal pattern from the last week of June 2023. From March 2023, the S&P500 Index, which is closely associated with Bitcoin, has experienced a steady rise in line with the price of BTC. Also, traders were largely resistant to investing in the crypto market during the same period. During this period, bulk Bitcoin ETF applications from several top financial companies came to the fore. Fundstrat analyst Tom Lee predicts that the BTC price will rise above $150,000 with Spot ETFs. So how?

Will Bitcoin Price Become $150,000?

In an interview with CNBC, Tom Lee said that the price of Bitcoin will rise above $ 150,000. Central to Lee's prediction is the US Securities and Exchange Commission's (SEC) green light for a spot Bitcoin exchange-traded fund (ETF). However, he thinks that if the ETF is not approved in the US, it could still rise thanks to the Halving event expected in the first half of 2024. However, Lee emphasized that Halving alone cannot push the BTC price above $100,000. So, in the analyst's opinion, spot Bitcoin ETFs need approval for a big rise.

“If the Spot BTC ETF is approved, the demand will outweigh the supply of Bitcoin. That's why I think BTC will rise above $150,000 or even $180,000.”

The spot BTC ETF application flow initiated by BlackRock company continues with applications from giant companies such as Fidelity. No Spot Bitcoin ETF has yet been approved, but investors are waiting for a positive response. Finally, BTC is currently trading at $ 29,114. The leading cryptocurrency had peaked at $69,000 in late November 2021.

In a world dominated by corporate control and centralized internet infrastructure, a groundbreaking revolution is underway. Unigrid, the visionary company at the forefront of this movement, is spearheading the development of innovative technology that promises to reshape the way we connect, store data, and interact with the online world. With their decentralized cloud drive storage solution and commitment to seamless transition, Unigrid is poised to transform the landscape of cloud storage for individuals and businesses alike.Unigrid's Vision: Decentralizing the InternetUnigrid is on a mission to liberate the internet from the clutches of corporate control, offering a secure and private online environment that empowers users to regain control over their data. At the heart of this ambitious endeavor is the Hedgehog network, a technological marvel designed to usher in an era of decentralized internet. The Hedgehog network is set to provide a secure and efficient solution for data storage, enabling users to access and manage their information with enhanced privacy and control.Cosmos SDK Integration: Collaborative InnovationTo fuel their vision of a decentralized future, Unigrid has strategically integrated with the Cosmos SDK. This integration allows Unigrid to leverage the Cosmos IBC protocol and collaborate with other projects and communities within the Cosmos ecosystem. By fostering collaboration and interoperability, Unigrid aims to create a more flexible and future-proof internet infrastructure that seamlessly blends traditional applications with cutting-edge technologies.Seamless Transition for Token HoldersUnigrid understands that a seamless transition is key to the success of any revolutionary change. Just as Saul Goodman in the world of legal counsel, Unigrid ensures that current token holders can effortlessly migrate to their platform. The Janus wallet transition is automated, freeing users from the burden of technical complexities and allowing them to focus on their priorities without any hassle.Embracing Innovation and InvestmentUnigrid's commitment to pushing boundaries and driving innovation is evident in their recent $25 million investment commitment from GEM Digital. This infusion of capital propels Unigrid's journey towards transforming the internet, enabling them to further develop and refine their technology. Additionally, Unigrid's upcoming token sale promises an exciting opportunity for investors to become a part of the decentralized internet revolution.Joining the Revolution: A Future-Proof Cloud Storage SolutionIf you're seeking a reliable, forward-thinking solution to your cloud storage needs, look no further than Unigrid. With their decentralized cloud drive storage, Unigrid offers an unparalleled level of security and efficiency for individuals and businesses seeking to safeguard their data and embrace the decentralized future.For more information about

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Website; https://www.unigrid.org/

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#KriptoNews24 #Binance #Crypto

Mind Network, a cutting-edge platform leading the way in data security and privacy within the Web3 ecosystem, is delighted to announce the successful completion of its seed round fundraising, raising $2.5 million. The funding round included participation from Binance Labs, Comma3 Ventures, SevenX Ventures, HashKey Capital, Big Brain Holdings, Arweave SCP Ventures, Mandala Capital, and other distinguished investors. Binance Labs, the VC and Incubation arm of Binance, made their investment in Mind Netwrok through the Binance Labs Incubation Program.

Mind Network has established itself as a frontrunner in the Web3 space, empowering users with end-to-end encryption and granting them full control over their personal data, financial transactions, and user interactions. By integrating the principles of Zero Trust Security, Zero Knowledge Proof, and their proprietary Adaptive Fully Homomorphic Encryption techniques, the platform ensures robust protection and access control within the decentralized ecosystem.

“We are thrilled to receive the support and confidence of such esteemed investors,” said Mason, CEO of Mind Network. “This funding will enable us to further advance our groundbreaking technology and expedite the adoption of our platform across various industries, ensuring global data privacy and ownership for our users.”

As a participant in Binance Incubation Program Season 5, Mind Network has benefited from the expertise and guidance of Binance Labs, the VC and incubation arm of Binance. Additionally, the company has been selected for the esteemed Chainlink BUILD Program, reinforcing their dedication to building a Web3 ecosystem rooted in data privacy and ownership

“We are excited to welcome Mind Network to our ecosystem,” commented Oliver Birch, Global Head of Chainlink BUILD. “Their innovative approach to data security aligns with our mission, and we eagerly anticipate collaborating with them to shape the future of decentralized applications.” .

Mind Network has formed strategic partnerships with industry giants, including Chainlink, Consensys, and Arweave, providing a solid foundation for the platform’s growth. These partnerships have also facilitated early support from global banks, insurance companies, and various dApps and protocols.

With the successful completion of the seed funding round and the ongoing support from partners and investors, Mind Network is well-positioned to advance its mission of enhancing data security, privacy, and ownership in the Web3 era.

About Mind Network

Mind Network is a Decentralized Zero Trust Data Lake that secures all your data, smart contracts, and AI on Web3. It is built on a patented zero trust framework based on Zero Knowledge Proof (ZKP) and Adaptive Fully Homomorphic Encryption (AFHE) to empower high-performance encryption on data storage and computation.

#Binance #Privacy #MindNetwork