To cater to the growing demand for Web3 news, analysis, and investment information, 3HOUSE aims to be the leading online platform. The vision of 3HOUSE is to become the go-to destination for investors of all levels, from beginners to experienced professionals. The platform is committed to providing high-quality, unbiased content that is accessible and easy to understand.

To achieve this vision, 3HOUSE provides investors with the tools and resources they need to make informed investment decisions. The platform seeks to create a dynamic and interactive community of investors, fostering open discussion and debate around key Web3 topics. 3HOUSE also strives to be a trusted source of Web3 information, providing investors with accurate and timely information that is based on solid research and analysis.

The latest version of 3HOUSE's platform includes new features like real-time analytics, performance tracking, and customized reporting, allowing investors to monitor their investments and discover new opportunities. The platform is dedicated to staying up-to-date on the latest market trends and providing Web3 investors with valuable insights and analysis from a range of perspectives.

3HOUSE's vision is to be the premier destination for Web3 investors seeking high-quality financial news, analysis, and investment information. The platform aims to help digital asset traders of all levels achieve their financial goals.

Yuga Labs - Yuga Labs is a leading Web3 gaming company that is leveraging its brands to create a metaverse platform called Otherside. The metaverse is a persistent, immersive virtual world in which participants interact using avatars. Otherside is just one of many metaverse platforms vying for the attention of users, and it differs from video game experiences in that its structure won’t be linear, and players will be able to explore immersive virtual worlds freely and of their own accord.

Yuga Labs is revolutionizing the gaming industry by using augmented reality (AR) features to create a gamified metaverse experience called The Otherside. The company is at the forefront of the Web3 revolution, and investors should keep an eye on it in 2023.

Access Protocol - Access Protocol is a Web3 monetization paywall that offers a new model monetization layer for all digital content creators. By integrating Access Protocol on their site, creators can paywall and enable premium content to their supporters. The platform aims to revolutionize content monetization, fostering direct creator-audience relationships and personalized experiences.

Access Protocol offers a new model monetization layer for all digital content creators. When users stake ACS, they can access paywalled content. The unique value proposition of ACS is the network effect that it could potentially have. If a single content creator chooses to integrate Access Protocol, it could easily translate into thousands of users signing up to support them.

Parity Technologies - Parity Technologies is a leading blockchain infrastructure company that builds core blockchain infrastructure for the decentralized web. The company is at the forefront of Web3 technology, which is built atop blockchain technology and enables the creation of decentralized apps (dApps) and decentralized autonomous organizations (DAOs).

What Parity Technologies Offers

Parity Technologies offers a range of blockchain infrastructure solutions, including:

• Parity Ethereum, the most advanced Ethereum client

• Polkadot, the next-generation blockchain platform

• ink!, a programming language for smart contracts

Each piece of Parity's technology is a step towards a society run on peer-to-peer networks instead of by a handful of corporations. The company is pioneering groundbreaking distributed tech, including on-chain governance protocol upgrades, proof-of-authority consensus, private Ethereum transactions, and warp sync and pruning.

ConsenSys - ConsenSys is a leading blockchain technology solutions provider that offers a suite of Ethereum products to build next-generation apps, launch blockchain-based financial infrastructure, and access the decentralized web. The company is at the forefront of the Web3 revolution, which is shifting power from big tech companies to individual users.

ConsenSys' Ethereum Product Suite

ConsenSys' Ethereum product suite includes:

• MetaMask, a browser extension that allows users to interact with the Ethereum blockchain

• Infura, a scalable infrastructure for Ethereum and IPFS

• A suite of blockchain products that make it easy to build applications on Ethereum and participate in DeFi, NFTs, DAOs, and the metaverse

The company offers industry solutions for DeFi, asset management, and more. ConsenSys is pioneering groundbreaking distributed tech, including on-chain governance protocol upgrades, proof-of-authority consensus, private Ethereum transactions, and warp sync and pruning.

These Web3 startup companies intend to guarantee the most precise and satisfactory results for their users. They are at the forefront of the Web3 revolution, and investors should keep an eye on them in 2023.

What Happened?

The SEC has sued Coinbase and Binance for allegedly violating securities laws. Coinbase is accused of illegally operating without having first registered with the regulator, while Binance is accused of lying to customers and misdirecting capital. The SEC demanded that both companies be "permanently restrained and enjoined" from continuing to offer unregistered securities and pay civil penalties.

What Does it Mean for Cryptocurrencies?

The SEC’s lawsuits against Coinbase and Binance are unlikely to impact traders in the near term, but they could transform the cryptocurrency industry in the long run. The lawsuits expand the list of tokens seen as unregistered securities, and the SEC’s regulatory net now covers $120 billion of crypto. The lawsuits could also lead to increased regulatory scrutiny of other cryptocurrency exchanges, as the SEC seeks to protect investors and prevent fraud and manipulation.

What Does it Mean for Coinbase?

The SEC’s lawsuit against Coinbase alleges that the company has been acting as an unregistered broker and exchange since at least 2019 by handling cryptocurrency transactions, evading the disclosure requirements meant to protect investors. The SEC also said Coinbase operated as an unregistered broker through Coinbase Prime, which routes orders to Coinbase’s platform and other platforms, and Coinbase Wallet, which lets investors access liquidity outside Coinbase’s platform. The SEC demanded that the company be “permanently restrained and enjoined” from continuing to do so. Coinbase’s alleged failures deprive investors of critical protections, including rulebooks that prevent fraud and manipulation, proper disclosure, safeguards against conflicts of interest, and routine inspection. SEC Chair Gary Gensler tweeted that Coinbase’s alleged failures are “not just about Coinbase, but about the entire crypto industry.” Shares of Coinbase fell after the lawsuit was filed, but the impact on traders is likely to be minimal in the near term.

What Does it Mean for Binance?

The SEC's lawsuit against Binance alleges that the company lied to customers and misdirected capital, and that Binance's stock tokens are unregistered securities. The SEC demanded that Binance be "permanently restrained and enjoined" from continuing to offer stock tokens and pay civil penalties. The lawsuit against Binance came after a series of regulatory crackdowns on the exchange in various countries, including the UK, Japan, and Canada. The impact on traders was more significant than the lawsuit against Coinbase, as cryptocurrency prices fell to their lowest levels since March following the complaint against Binance. Binance Coin, a token used to pay transaction and trading fees on the Binance exchange, tumbled 9.5% on Monday but advanced more than 3% after the lawsuit was filed.

What's Next for Crypto?

The SEC’s lawsuits against Coinbase and Binance are unlikely to impact traders in the near term, but they could transform the cryptocurrency industry in the long run. The lawsuits expand the list of tokens seen as unregistered securities, and the SEC’s regulatory net now covers $120 billion of crypto. The lawsuits could also lead to increased regulatory scrutiny of other cryptocurrency exchanges, as the SEC seeks to protect investors and prevent fraud and manipulation. The lawsuits could also lead to increased adoption of decentralized exchanges (DEXs), which operate on a peer-to-peer basis and do not require registration with regulators. DEXs have been gaining popularity in recent years, as they offer greater privacy, security, and control over assets. However, DEXs also have their own risks and challenges, such as low liquidity, high fees, and limited functionality.

Why Crypto is Still a Good Investment

Despite the SEC’s actions, there are still many reasons to be optimistic about the future of cryptocurrency. Cryptocurrencies offer many benefits over traditional financial systems, such as greater privacy, security, and control over assets. They also offer a way to bypass traditional financial institutions and reduce transaction costs. Moreover, the blockchain technology that underlies cryptocurrencies has many potential applications beyond finance, such as supply chain management, voting systems, and identity verification. In conclusion, while the SEC’s lawsuits against Coinbase and Binance are a cause for concern, they are unlikely to have a significant impact on the cryptocurrency industry in the near term. The lawsuits could lead to increased regulatory scrutiny and adoption of DEXs, but they do not change the fundamental value proposition of cryptocurrencies. As the industry continues to evolve, it is important for traders and investors to stay informed and educated about the risks and opportunities of this emerging asset class.

**Conclusion **While the SEC’s lawsuits against Coinbase and Binance are a cause for concern, they are unlikely to have a significant impact on the cryptocurrency industry in the near term. The lawsuits could lead to increased regulatory scrutiny and adoption of DEXs, but they do not change the fundamental value proposition of cryptocurrencies. As the industry continues to evolve, it is important for traders and investors to stay informed and educated about the risks and opportunities of this emerging asset class.

Understanding Bitcoin's Historical June Performance: When analyzing Bitcoin's performance in June over the past three years, we observe interesting trends. In June 2022, Bitcoin reached a price of $19,017. This was a substantial increase from the previous June, where it stood at $9,049 in June 2020. The June 2021 price of $31,716 represented a peak in Bitcoin's history. These figures demonstrate the considerable price movements Bitcoin has exhibited during this particular month.

Bitcoin's Potential Price Range in June 2023: Based on the historical data from June, there are indications that Bitcoin's price could range between $20,000 and $22,000 in June 2023. Although past performance does not guarantee future results, observing patterns can provide insights and assist investors in making informed decisions. Considering the upward trajectory witnessed in June 2022 and the overall growth of Bitcoin over time, the potential for a price range between $20,000 and $22,000 seems plausible.

Factors Influencing Bitcoin's Performance: Bitcoin's price is influenced by various factors, including market sentiment, regulatory developments, global economic conditions, and institutional adoption. It is important to remember that these factors can impact the cryptocurrency market as a whole and may influence Bitcoin's price movements. It is advisable for investors to stay updated on the latest news and developments in the crypto space to make well-informed decisions.

Strategies for Buyers: Several strategies can be employed to mitigate risk for those considering entering the market or expanding their Bitcoin holdings in June 2023. Firstly, conducting thorough research and analysis before making any investment decisions is essential. This includes studying market trends, analyzing price patterns, and consulting reputable sources within the cryptocurrency community.

Additionally, diversifying one's investment portfolio is a prudent strategy. Allocating a portion of investments to different cryptocurrencies or other asset classes can help reduce exposure to the volatility of a single asset. Setting realistic investment goals, determining risk tolerance, and establishing stop-loss levels to protect against unexpected price fluctuations is also advisable.

Conclusion: Based on the historical performance of Bitcoin in June, there is a notable trend of price increases and opportunities for buyers. While Bitcoin's price movements are influenced by numerous factors, including market sentiment and regulatory developments, understanding past patterns can aid in making informed investment decisions. As June 2023 approaches, investors can cautiously consider the potential price range of $20,000 to $22,000 as they navigate the dynamic and exciting world of Bitcoin. Remember to stay informed, conduct thorough research, and employ smart investment strategies to maximize the potential benefits while minimizing risk.

Advantages of Web3 Gaming Platforms Built on Blockchain Technology

Welcome to the world of web3 gaming platforms, where game developers harness the potential of blockchain technology to create decentralized, transparent, and secure ecosystems for gamers. With ownership of in-game assets, seamless asset trading, and rewarding contributions, web3 gaming platforms redefine player engagement and interaction.

What sets web3 gaming platforms apart is their open-source nature, free from the control of a single entity. The transparent and verifiable code ensures fairness, eliminating the possibility of cheating or manipulation, delivering an authentic and trustworthy gaming experience.

Furthermore, web3 gaming platforms introduce the concept of non-fungible tokens (NFTs), digital assets representing unique ownership of in-game items. NFTs have already taken the gaming industry by storm, with rare items being traded for substantial sums of money, offering players unprecedented value and collectability.

Interoperability is a defining feature of web3 gaming platforms, enabling seamless transfer of in-game assets across multiple platforms. This newfound flexibility allows players to utilize their assets in various games, amplifying their value and utility.

For game developers, web3 game development opens up limitless possibilities for collaboration, fostering the creation of interconnected games sharing assets and player communities. This dynamic ecosystem sparks innovation and enhances the gaming experience for players worldwide.

Join the web3 revolution and embrace a new era of gaming where ownership, transparency, and limitless possibilities await. Discover the future of gaming on web3 platforms today.

Check Out the Top 5 Best Web3 Gaming Platforms

Web3 gaming will use the same backend programming as all other gaming with dependability and secured additions. In web3 gaming, players have complete control over in-game assets and play-to-earn functionalities that use token-based technology to provide real monetary rewards for playing.

**Let’s look at the top 5 Best Web3 Gaming Platforms in 2023. **

1 - UFO Gaming

UFO Gaming provides a variety of game genres, including esports and blockchain virtual reality. UFO has become a well-known brand due to the eSports industry, and it intends to expand further to attract more customers and fans. It has an indefinite ecosystem, a virtual reality world, P2P games, in-game NFTs, virtual land, and a Metaverse Launchpad that always needs UFO tokens in the Metaverse version. You can play to earn money on various gaming platforms and game genres.

The UFO gaming platform allows you to make money by playing. To gain Plasma Points, you must stake UFO Tokens or UFO-ETH LP. You can use Plasma Points to create the rare Origin UFOep NFTs. You can purchase Genesis NFTs and other characters needed to play Super Galactic with the acquired plasma.

2 - Gala Games

The player-owned Node Ecosystem supports gala Games Network. To keep the Gala Network, users run the Nodes on their computers. Anyone can enjoy the simple game mechanics that blockchain technology is thought to use. A few games you can play include Champion Arena, Fortitude, and other adventure pay-to-win games. Players own the items they win in games.

Your possessions, including any inherited status, are verifiable blockchain assets you can trade with other players or use in-game.

3 - Tezos

Tezos is an energy-efficient blockchain that allows developers, artists, entrepreneurs, brands, and others worldwide to create and interact with a network of decentralized apps. Tezos does not develop games from scratch but allows developers to create new games. Companies are redesigning puzzles and trading card games to build web3 experiences.

Tezos is also collaborating with Ubisoft on some advanced web3 games. A web3 environment rich in different digital applications may also benefit consumers and developers. NFT markets (Web3 Marketing Services) on Tezos are frequently accessible for artists and collectors to earn valuable tokens.

4 - Vulcan Forged

Vulcan Forged is a reputable token (NFT) game studio marketplace and dApp incubator, with 10+ games and the top 5 NFT marketplace volume. A Web3 gaming site where you can play fantasy games and win LAVA tokens to exchange on our NFT Marketplace and use in our NFT gaming token pool.

A player must earn 10,000 XP through gaming to qualify for the Vulcan Forged $LAVA. The Vulcan Forged PYR stock is currently for sale or trading and is available on exchanges such as Binance, Huobi Global, KuCoin, and Gate.io.

5 - Flow NFT Gaming Platform

Flow designs exceptional user experiences for Web3 applications, including decentralized banking, Metaverse, NFTs, and gaming. Dapper Labs, the company behind the infamous blockchain games CryptoKitties and NBA Top Shots, created the game.

The Flowserve contains competitions such as Olympic 2022, The Football Club, Metaverse Football League, and Enemy Metal. There are currently 13 games in development and 23 games available for play.

Community Governance and Participation in Web3 Gaming Platforms

Experience a new era of gaming with web3 platforms that prioritize community participation and governance. With open-source code, players and developers actively contribute to shaping the platform's rules and policies. Propose and vote on changes to create a democratic and decentralized gaming ecosystem, where the community's voice holds significance. Embrace a platform that values your input and empowers you to shape its future. Join the vibrant community of web3 gaming platforms and be part of the revolution that puts power in the hands of the players. Explore the limitless possibilities of community-driven gaming.

Conclusion

Get ready for a gaming revolution with web3 gaming platforms that redefine engagement, transparency, and community participation. These platforms are making waves in the gaming industry, even in their early stages. Brace yourself for an immersive gaming experience like never before. As technology advances and more developers and players join the thriving ecosystem, expect a wave of thrilling innovations in web3 gaming. Embrace the future of gaming and be at the forefront of this exciting transformation. Join the web3 gaming revolution today and unlock limitless possibilities for gaming enthusiasts worldwide.

What Is XCAD Network?

Empowering Creators and Fans on YouTube with Creator Token Rewards. Monetize Your Content and Engage with Your Community Like Never Before. XCAD Network is a revolutionary blockchain-based platform that enables fans to receive exclusive creator token rewards while watching their favorite content on YouTube. As a creator, you have the power to issue your own unique tokens, allowing fans to buy, hold, and trade them. By tokenizing YouTube performance metrics, XCAD Network promotes the creation of high-quality content and drives decentralization in social media. With the XCAD browser extension, dedicated fans can seamlessly earn creators' tokens as they enjoy their favorite YouTube videos. The extension enables you to earn, stake, view, and trade tokens effortlessly, all while watching videos. Upon watching at least 80% of a creator's video, fans are rewarded with their tokens, which can be used to participate in polls set up by creators. The more tokens you hold, the greater influence you have on shaping the content you love. In addition to voting, XCAD tokens can be traded for other creators' tokens, used to purchase merchandise, acquire NFTs, and engage in a range of exciting activities. Join the XCAD Network and be part of the future of content creation and fan engagement on YouTube.

History of XCAD Network

Revolutionizing Social Media for Creators and Fans with Blockchain Innovation

XCAD Network, founded in 2019 by Oliver Bell (CEO), Joel Morris, and Bernice Thomas (CTO), is a pioneering platform that is reshaping the social media landscape. Headquartered in the United Kingdom, the company embarked on its mission to transform the way creators and fans interact. With a team of experts in blockchain technology, digital marketing, and business development, XCAD Network has gained momentum in mainstream adoption.

Notably, renowned YouTubers such as MrBeast and KSI have lent their support to the XCAD Network, endorsing its credibility and amplifying its visibility. MrBeast, known for his philanthropic endeavors and captivating challenges, alongside KSI, a multifaceted British YouTuber, rapper, actor, and boxer, have recognized the potential of the platform.

The introduction of the XCAD Network governance token in 2021 marked a significant milestone. Initially based on the Ethereum network as an ERC-20 token, the platform expanded its reach by embracing the ZRC-2 token standard on Zilliqa. Furthermore, XCAD Network has expanded its presence to other prominent blockchains like Polygon, showcasing its commitment to innovation and interoperability.

Driven by the vision to disrupt traditional social media, XCAD Network continually evolves to provide a rewarding experience for creators and their dedicated fan base. Join the movement and be part of the future of social media engagement and content creation.

How Does XCAD Network Work?

XCAD Network employs blockchain to tackle the hurdles encountered by creators and audiences in traditional social media. Discover how it redefines the landscape.

Creator Tokenization

Creator tokens, or social tokens, serve as exclusive digital assets embodying a content creator's brand. The worth of these tokens and the concept of creator tokenization are determined by various factors, including the creator's influence, content excellence, and audience interaction.

Within the XCAD ecosystem, tokenized analytics form the foundation. Enthusiastic fans can not only support their favorite creators but also make investments based on performance metrics. This innovative approach adds an extra layer of monetization, motivating creators to deliver exceptional content and fostering a thriving community of engaged audiences.

Features of XCAD Network

Step into the world of XCAD and immerse yourself in a dynamic ecosystem of decentralized applications (DApps). These interconnected components seamlessly enhance and enrich the creator token ecosystem, delivering unparalleled value to users. Explore the following key elements that make the XCAD experience truly remarkable.

Influencer MarketCap

XCAD Network proudly collaborates with a vast network of influential personalities. Experience the revolutionary Influencer MarketCap® platform, meticulously tracking and analyzing the value of creator tokens. Empowering users to effortlessly monitor the influence and impact of individual influencers, it enables informed decisions when purchasing tokens. Unleash the potential of creator tokens with XCAD Network and Influencer MarketCap®.

XCAD DEX

Unlock a world of effortless token swaps, trading, and sales with XCAD DEX, the decentralized exchange by XCAD Network. Experience a user-friendly platform where you can seamlessly engage in transactions with creator tokens. Empowering you to navigate the digital asset landscape effortlessly, XCAD DEX is your gateway to frictionless token trading.

**Governance Portal ** Shape the future of the XCAD Network and influence token issuance by joining our Governance Portal. Exercise your voting rights to make decisions that impact the community and determine which creators can issue their tokens. Engage in meaningful polls and have a direct impact on your favorite creators' choices. Join the governance movement and have your voice heard in shaping the XCAD Network's ecosystem.

NFT Marketplace

Experience the world of digital art, memorabilia, and exclusive items on the XCAD Network's decentralized NFT marketplace. Creators can mint, sell, and trade their one-of-a-kind collectibles, allowing fans to acquire valuable pieces that showcase their favorite creator's brand. While the NFT Marketplace is currently unavailable, stay tuned as we bring this exciting feature to the XCAD Network platform in the near future. Get ready to engage with captivating NFTs and support your favorite creators like never before.

XCAD Plugin

XCAD Network offers a browser extension that integrates with YouTube, allowing fans to earn creator token rewards while watching videos.

Launchpad

The XCAD Network's CLO Launchpad (Creator Liquidity Offerings) plays a vital role in empowering creators by raising funds for their initial liquidity. Similar to a traditional launchpad, the CLO Launchpad safeguards the collected funds by locking them as liquidity. This strategic approach helps reduce the circulation of XCAD tokens, amplifying the value of the ecosystem and fostering sustainable growth for creators. Join us as we revolutionize the way creators access funding and pave the way for their success in the Web3 era.

Benefits of XCAD Network

XCAD Network recognizes the existing engagement gap between YouTube content creators and their dedicated fans. To address this issue, XCAD introduces a transformative platform that fosters a mutually beneficial relationship between creators and their loyal supporters. By providing rewarding experiences and opportunities for fans to connect with their favorite creators, XCAD closes the gap, creating a thriving ecosystem where both parties can flourish. Join XCAD today and unlock a new era of meaningful interactions and unparalleled loyalty between creators and their fans.

Benefits for Creators

1. XCAD provides creators with an extra layer of monetization through fan token unlocks, enhancing the fan experience and fostering loyalty.

2. Creators gain a competitive edge with increased watch time and fan engagement, resulting in improved video performance and stronger fan devotion.

3. By offering exclusive perks and the opportunity to vote on significant decisions, creators can build loyalty among their fans, obtain valuable viewer feedback and create a sense of genuine involvement for their audience. Benefits for Fans

4. Fans can earn rewards by watching their favorite creators on YouTube.

5. Fans can use creator tokens to cast votes and influence creators’ decisions.

6. Fans can also redeem creator tokens to earn exclusive benefits and access further incentives offered by their favorite creators.

XCAD Network Road Map

XCAD celebrate the remarkable milestones achieved by XCAD Network in redefining the landscape of content creation and fan engagement. From groundbreaking innovations to future plans, here's a captivating summary of our journey towards revolutionizing the way creators and fans connect. Experience the next level of engagement with XCAD Network today.

Major Accomplishments

• Token Launch: XCAD Network successfully launched its token and developed smart contracts on multiple blockchains, including Ethereum, Zilliqa, Binance Smart Chain and Polygon. • Platform Development: The project has built and released its browser extension.

Currently In Development

• NFT Marketplace Launch: XCAD Network aims to launch a decentralized NFT marketplace where creators can mint, sell and trade unique digital collectibles tied to their brands. This will provide another revenue stream for creators and offer fans an additional way to earn rewards by engaging with their favorite content.

Near Future Plans

• 2023 Q2 and Beyond: In the coming days, you're likely to see support for YouTube Shorts, Firefox extension and a dedicated PLAY Area. PLAY is the native token associated with the PLAY Area in the XCAD Network ecosystem, which is the hub for the #Watch2Earn concept. The PLAY token is essential for purchasing, trading, upgrading and repairing NFTs within the platform.

XCAD Tokenomics

XCAD token is the native digital asset of the XCAD Network, and serves various purposes within the platform's ecosystem. As an integral component of the XCAD Network, the token enables a range of functions, smart contracts and transactions.

Uses of XCAD Token

• Governance: XCAD token holders can participate in the platform's governance by voting on proposals and decisions related to XCAD Network's development.
• Incentivizing Viewership: Fans can earn XCAD tokens as rewards for watching
content from tokenized creators, which fosters viewer engagement and continued loyalty.
• Creator Token Purchases: Investors can buy, hold or trade creator tokens, allowing them to support their favorite creators and benefit from the token's potential
appreciation in value.
• Exclusive Content and Perks: XCAD tokens can be used to access exclusive
content, merchandise and related perks offered by creators within the platform.

Tokenomics

The maximum supply of XCAD tokens is limited to 200 million. The following is an overview of its distribution: Pre-Seed Round: 2.28% Public Sale: 18.45% Liquidity: 20% Ecosystem Incentives: 20% Team: 10% Partners and Advisors: 8% Foundation: 21.28%

Is XCAD A Good Investment?

XCAD Network has captured the attention of content creators and audiences alike with its innovative approach to tokenized social engagement and monetization. As the project gains momentum, it has cultivated a passionate community of supporters who are instrumental in driving its widespread adoption.

Backed by a strong team and strategic platform integrations, XCAD Network is poised for a promising future. Now is the opportune moment to seize the potential of this groundbreaking project and secure your stake in its growth. Don't miss out on the chance to invest in XCAD tokens as they pave the way to maturity and success. Closing Thoughts

As the demand for decentralized solutions and tokenized social engagement continues to rise, XCAD Network has emerged as a leading player in the industry. By addressing this demand head-on, the project has experienced significant success and garnered widespread recognition.

However, the journey towards long-term success is an ongoing one. XCAD Network understands the importance of delivering consistent value, forging strong partnerships, and staying adaptable in a dynamic market and regulatory landscape. These key factors will shape the project's trajectory and ensure its continued growth and relevance in the future.

Maximize your investment potential with 3house, the leading platform for crypto insights. Delve into the hidden world of web3 coins and uncover the top gems discreetly accumulated by 100 influential whales. Our user-friendly platform provides invaluable information to help you navigate the crypto market and make informed decisions. Don't miss out on this opportunity to unlock the mysteries of the crypto universe. Join 3house today and embark on a profitable crypto journey with our exclusive research and analysis.

1- CELO (CELO)

"Celo: Empowering an Inclusive Financial Future with Carbon-Negative Blockchain Technology. Join the Global Movement Today!" Experience the transformative power of Celo, a carbon-negative layer-1 blockchain that is revolutionizing the Web3 landscape. With its thriving ecosystem of global partners, Celo is driving innovation and building a more inclusive financial system. Seamlessly accessible via mobile phones, Celo offers a decentralized, proof-of-stake blockchain platform, CELO governance asset, and Mento stable assets (cUSD, cEUR, cREAL) for real-world usability. Since its launch on Earth Day 2020, Celo has garnered support from 1,000+ projects across 150 countries, fostering prosperity for all. Join the movement today and learn more about Celo's vision for a sustainable and accessible financial future at Celo.org.

Market Cap: $264,192,577
Maximum Supply: 1,000,000,000
Circulating Supply： 498,369,748

2- Oasis Network (ROSE)

"Oasis: Empowering Web3 Innovations with Privacy and Scalability. Unlock the Potential of DeFi, GameFi, NFTs, and More!"

Discover the power of Oasis, the forefront layer-1 blockchain network designed to revolutionize the Web3 ecosystem. With its cutting-edge technology, Oasis offers unparalleled privacy, scalability, and security, enabling the seamless integration of decentralized finance (DeFi), GameFi, NFTs, Metaverse, data tokenization, and Data DAOs. Experience high throughput and low gas fees as you explore the limitless possibilities of the Web3 world. Join the Oasis community today and be at the forefront of the next-generation blockchain revolution. Elevate your digital experience with Oasis, where privacy and scalability meet limitless potential.

Market Cap: $309,645,522 Maximum Supply: 10,000,000,000 Circulating Supply： 5,725,718,533

3- RSS3 (RSS3)

"Unlock the Power of RSS3: The Next-Generation Protocol for Decentralized Web Applications!"

Experience the future of social, content, and e-commerce applications with RSS3, a cutting-edge feed protocol. Powered by the native utility token, RSS3, this protocol enables seamless governance and empowers users with unprecedented control. With RSS3, you can shape the future of the decentralized ecosystem through global elections, scalability enhancements, module upgrades, and more. Explore the RSS3 ecosystem, including the RSS3 Standard for customizable online existence, RSS3 PreNode for distributed implementation, and the exciting working-in-progress, Decentralized RSS3 Node. Embrace the decentralized revolution and join RSS3 today to unlock limitless possibilities for your web applications.

Market Cap: $44,440,662 Maximum Supply: 1,000,000,000 **Circulating Supply：**377,463,274

4- Biconomy (BICO)

Biconomy: The Multichain Relayer Protocol Enhancing Web3 User Experience

Biconomy is a revolutionary multichain relayer protocol aiming to simplify user onboarding and transactions on decentralized applications (DApps). Its mission is to make web3 products as intuitive and user-friendly as web2 products. With Biconomy, protocols can onboard users without gas fees and users can pay gas in their preferred ERC-20 tokens. Transactions are confirmed much faster and users can avoid complex blockchain procedures like network changes. The protocol is focused on transaction management and gas optimization, with up to 40% reduction in gas costs. Through meta transactions, Biconomy enables users to submit zero-gas transactions with third-party transaction fee payments, all in a non-custodial and gas-efficient relayer infrastructure network.

Market Cap: $44,440,662
Maximum Supply: 1,000,000,000 **Circulating Supply：**534,574,050

5- Marlin (POND)

Marlin: Empowering DeFi and Web 3.0 with High-Performance Networking

Marlin is an open protocol revolutionizing DeFi and Web 3.0 with its high-performance programmable network infrastructure. Metanodes, the network's nodes, operate the MarlinVM, enabling developers to deploy customized overlays and perform edge computations through a virtual router interface.

Notable overlays achievable with MarlinVM include low-latency block multicast for scalable blockchains, mempool sync for arbitrageurs, mesh networks, mixnets for anonymity, and device optimization for caching API responses from Infura, Alchemy, and more. Marlin's native utility token, POND, serves multiple purposes. It enables running validator nodes via staking, governance participation in resource allocation decisions, and the establishment of network performance auditors, compensating users through an insurance fund for SLA breaches. Marlin aims to fulfill the vision of a decentralized web where blockchain-secured applications match the performance standards of Web 2.0, ensuring an unparalleled user experience.

Market Cap: $71,610,610
Maximum Supply: 10,000,000,000
**Circulating Supply：**8,087,375,977

**6- Moonbeam (GLMR) **

Moonbeam: Unleashing Ethereum Compatibility and Seamless Integration on Polkadot. Moonbeam stands as an Ethereum-compatible smart contract parachain on Polkadot, offering developers a seamless transition from Ethereum to a Substrate-based environment. Unlike a mere EVM implementation, Moonbeam is a specialized parachain that mirrors Ethereum's Web3 RPC, accounts, keys, subscriptions, and more. It expands on Ethereum's features with on-chain governance, staking, and cross-chain integrations.

With Moonbeam, Ethereum developers experience minimal changes as they can utilize existing Solidity smart contracts without any rewriting or reconfiguration. Popular developer tools like MetaMask, Hardhat, Waffle, and Truffle can be seamlessly connected through comprehensive Web3 RPC endpoints. Moreover, Moonbeam enables the use of familiar Javascript libraries such as Web3.js and Ethers.js. Benefit from unified accounts, addresses, and signatures by effortlessly leveraging your existing Ethereum H160 accounts and ECDSA signatures to interact with Moonbeam. Enjoy unparalleled connectivity within the Polkadot ecosystem and tap into a wide array of integrations, including oracles, bridges, wallets, and more.

Market Cap: $188,634,619 Maximum Supply: 1,046,109,654 **Circulating Supply：**629,163,217

1- Mirror Protocol (MIR)

Discover the revolutionary world of Mirror Protocol, powered by the decentralized governance token MIR. Built by Terraform Labs on the Terra blockchain, Mirror Protocol offers synthetic assets that mimic real-world assets, granting traders exposure to their prices while ensuring open access and censorship resistance. As a purely synthetic asset, mAssets capture the price movement of corresponding assets, enabling fractional ownership and eliminating barriers to global markets.

Experience the advantages of Mirror Protocol:

Global Accessibility: Break free from entry barriers and gain access to foreign equities and forex markets worldwide. Fractional Orders: Enjoy seamless execution of fractional orders without the need for intermediary bundling processes. Nearly-Instantaneous Order Execution: Benefit from quick order execution, thanks to Mirror Protocol's reliance on liquidity provided by individual asset pools. Unlock a decentralized, community-driven future with MIR and Mirror Protocol. Start exploring today!

Total Supply : 370,575,000
Market Cap : $4,427,762 Fully Diluted Market Cap : $21,105,552

2- Cere Network (CERE)

Join the consortium of cutting-edge projects, including Cere Network, that share a vision of cross-chain interoperability across blockchain networks. Cere Network is paving the way for a trustless and scalable global decentralized ecosystem, enabling seamless communication between businesses and consumers. Built on Polkadot's scalable platform, Cere Network introduces the revolutionary concept of a Decentralized Data Cloud (DDC). This innovative ecosystem empowers stakeholders to take full control and ownership of their data, ensuring 100% custody and data governance.

Experience the advantages of Cere Network:

Seamless Integration: Easily integrate existing applications and tap into contextually relevant data, insights, and predictive analytics in real-time, supercharging your business value streams. Secure Data Collaboration: Leverage Cere's Open Data Marketplace (ODM) to exchange anonymized and encrypted first-party customer data with trusted partners, enabling secure and private data collaborations. Freedom from Vendor Lock-ins: Break free from traditional vendor lock-ins and embrace Cere's open ecosystem, eliminating dependencies on platforms like Salesforce, Oracle, and Adobe.

Total Supply : 10,000,000,000
Market Cap : $7,154,279
Fully Diluted Market Cap : $45,121,992

3- Leverfi (LEVER)

LeverFi, the decentralized leverage trading platform formerly known as RAMP DEFI, is on a mission to solve some of the major issues in the DeFi market, such as a lack of sustainable Total Value Locked (TVL) and utility. By allowing users to trade and yield farm at the same time, LeverFi hopes to provide real value to its users. Lenders deposit funds into lending pools and earn interest from traders who borrow to leverage trade up to 10X. Any unused liquidity is deposited into other DeFi protocols to generate more yield. LeverFi aims to bridge the gap between Ethereum and EVM-compatible chains like BNB Chain, Avalanche, Polygon, Arbitrum, Optimism and more. Join LeverFi today and experience a platform that is revolutionizing the DeFi market.

Total Supply : 35,000,000,000
Market Cap : $21,756,361
Fully Diluted Market Cap : $49,320,478

4- ARPA (ARPA)

ARPA Network (ARPA) is a revolutionary blockchain technology designed to ensure security, fairness, and privacy in the digital space. Its threshold BLS signature network serves as the foundation for secure wallet, cross-chain bridge, and decentralized custody across multiple blockchains. ARPA Network was formerly known as ARPA Chain, a privacy-preserving Multi-party Computation (MPC) network founded in 2018. With over 224,000 computation tasks completed in the past years, ARPA Network has an established track record of delivering efficient and secure computation services. The network’s innovative threshold BLS signature schemes (TSS-BLS) system design has led to the creation of Randcast, a verifiable Random Number Generator (RNG) that offers a tamper-proof randomness source with superior security and low cost compared to other solutions. Join ARPA Network today and secure your digital future.

Total Supply : 1,500,000,000
Market Cap : $74,783,816
Fully Diluted Market Cap : 1,500,000,000

5- ROCO Finance (ROCO)

ROCO Finance is a cutting-edge blockchain platform that aims to revolutionize the world of online gaming. Developed on the AVAX network, ROCO provides decentralized GAMEFI services to game developers, content creators, and player communities through its blockchain network. As a platform dedicated to the gaming industry, ROCO Finance is focused on providing targeted solutions that will help promising gaming projects reach their full potential. Whether you are a game developer looking to build your own gaming ecosystem, or a player looking for a more immersive and secure gaming experience, ROCO Finance has everything you need. Join the ROCO community today and discover the future of online gaming with GAMEFI.

Total Supply : 99,982,729
Market Cap : $3,128,911
Fully Diluted Market Cap : $18,084,678

6- Power Trade Fuel (PTF)

Power Trade is a revolutionary mobile cryptocurrency trading platform that aims to offer financial derivatives such as cryptocurrency options. The platform is designed to offer the most seamless trading experience for both novice and seasoned traders. One of PowerTrade's unique features is the implementation of a fee-funded DAO for insurance. The DAO treasury funds can be used to cover outstanding obligations if margin collateral is not sufficient enough to cover open market positions. The platform's native governance token, Power Trade Fuel DAO (PTF), is used to control the DAO treasury funds. Token holders can also stake PTF in exchange for reduced trading fees and rewards. With the closed beta set for release in October 2020, Power Trade is poised to transform the cryptocurrency trading industry by making it accessible to all traders for as little as $1.

Total Supply : 400,000,000
Market Cap : $293,322
Fully Diluted Market Cap : $5,033,185

7- DODO (DODO)

DODO is a decentralized finance (DeFi) protocol and liquidity provider with a proactive market maker (PMM) algorithm that provides superior liquidity and price stability compared to automated market makers (AMM). DODO's unique pricing mechanism uses oracles to obtain accurate market prices for assets and provides liquidity close to those prices to stabilize liquidity providers' portfolios, minimize price slippage, and reduce impermanent loss by allowing arbitrage trading as a reward. Additionally, DODO offers free ICO listing for new crypto projects through its Initial DODO Offering (IDO) program, which requires issuers to only deposit their own tokens. DODO's smart contract operates as an ERC20 token on the Ethereum network, making it accessible and easy to use for all.

Total Supply : 1,000,000,000
Market Cap : $53,946,680
Fully Diluted Market Cap : $117,353,022

8- REN (REN)

Ren (REN) is an innovative protocol designed to enhance interoperability and liquidity across various blockchain platforms. With a focus on decentralized finance (DeFi), Ren offers seamless connectivity and accessibility by eliminating barriers to liquidity between blockchains. Formerly known as Republic Protocol, Ren successfully launched its virtual machine mainnet, RenVM, in May 2020. The project raised $34 million through an initial coin offering (ICO) in 2018 to support its development. At the core of Ren's ecosystem is the native token, REN, which serves as a bond for Darknode operators. These nodes power RenVM, enabling secure and efficient cross-chain transactions. By enabling interoperability and facilitating liquidity between blockchains, Ren aims to drive the expansion and adoption of DeFi, empowering users to access a wider range of decentralized financial services. Explore Ren further with our comprehensive deep dive on the project.

Total Supply : 999,999,633
Market Cap : $74,499,445
Fully Diluted Market Cap : $74,571,102

9- GuildFi (GF)

GuildFi is a dynamic ecosystem that brings together Web3 games, non-fungible tokens (NFTs), and guilds in an interconnected platform. With a focus on fostering collaboration and accessibility, GuildFi serves as a bridge connecting various play-to-earn games and existing guilds, while also providing gaming scholarships to lower entry barriers. At the heart of GuildFi's governance and rewards system is the GuildFi token, $GF. Holders of $GF enjoy staking rewards and in-game benefits, while also participating in the governance decisions of the GuildFi decentralized autonomous organization (DAO). Join the GuildFi community today to explore a world of immersive gaming experiences, NFT ownership, and collaborative guild interactions. Start your journey with GuildFi and unlock the full potential of play-to-earn gaming and blockchain technology.

Total Supply : 1,000,000,000
Market Cap : $25,734,541
Fully Diluted Market Cap : $80,793,282

10- HandShake (HNS)

Introducing Handshake, the revolutionary decentralized permissionless system designed to revolutionize domain name ownership. With Handshake, a distributed network of computers is incentivized to operate a secure and transparent domain name system. In a world where centralized approaches dominate, Handshake offers a game-changing alternative. By validating and managing the root DNS naming zone, Handshake provides a decentralized internet infrastructure, disrupting traditional certificate authorities and naming systems. Gone are the days of relying on systems vulnerable to cyber attacks and fraud. Handshake's peer-to-peer network ensures a secure and trustworthy environment for social networking handles, domains, and beyond. Join the movement towards a decentralized internet and experience a new era of online ownership with Handshake.

Total Supply : 2,040,000,000
Market Cap : $10,277,774
Fully Diluted Market Cap : $35,485,084

In the realm of NFTs, security is of paramount importance for all participants. We believe in breaking the cycle of vulnerability by fostering a collective responsibility for safety. It is crucial to familiarize yourself with the array of available tools designed to safeguard creators, collectors, and builders.

Join us at 3House, where we shine a spotlight on the top security tools that will empower your Web3 journey and ensure your peace of mind. Stay informed, stay secure, and thrive in the Web3 revolution with 3House.

Web3 Antivirus Enhance Your Web3 Security with Web3 Antivirus: The Ultimate Protection for Creators, Collectors, and Builders

Enhance your security in the Web3 world with Web3 Antivirus, a powerful tool designed to safeguard creators, collectors, and builders at all levels. Compatible with popular browsers like Chrome, Brave, Firefox, and Edge, this browser extension offers comprehensive protection.

Web3 Antivirus performs thorough audits of the smart contracts you interact with, detecting dangerous logic, critical vulnerabilities, and compromising access permissions. By vetting contracts, it empowers users to steer clear of malicious contracts and avoid potential risks. While the basic free version is currently available, an upcoming premium paid version will introduce a range of exciting new features to further fortify your defense.

SafeSoul SafeSoul: Free Web3 Browser Extension for Navigating NFT Scams

SafeSoul, a free browser extension created by the Digital Animals NFT team, aims to combat potential NFT scams by identifying threats as users navigate popular platforms such as Twitter, Google, and YouTube. The service is compatible with Chrome, Brave, Firefox, Opera, and Safari, and flags potential scams using bright red brackets. While the SafeSoul team constantly monitors threats, the service also relies heavily on community members to identify potential malicious accounts and content. With the SafeSoul Web3 Patrol, users can flag potential hazards and earn non-transferable Soulbound Tokens (the SafeSoul Token), which verify them as trusted members of the NFT community.

Immunefi Immunefi: The Leading Bug Bounty Platform for Web3 Security

Immunefi stands out as one of the most prominent bug bounty platforms in the Web3 ecosystem. Bug bounties are rewards, whether monetary or otherwise, offered to ethical hackers who successfully discover and report vulnerabilities or bugs to application or smart contract developers.

In the NFT space, smart contract auditing plays a vital role in ensuring the safety of users in Web3. With the Web3 community reportedly losing over $4 billion to hacks and scams in 2022 alone, Immunefi remains committed to incentivizing hackers to claim bug bounties, effectively safeguarding capital from being needlessly diverted from creators. To date, the platform proudly reports saving a staggering $25 billion from potential hacks.

NotCommon Stay Informed and Secure with NotCommon: Real-Time Web3 Security Alerts

NotCommon is a cutting-edge service that delivers personalized, real-time security alerts tailored to users on Ethereum, Polygon, Solana, and Tezos. By simply connecting your wallet and installing the user-friendly Chrome extension, you gain access to timely updates regarding security threats relevant to your NFTs, tokens, and favorite projects.

Embracing a proactive approach, NotCommon has already made significant strides, successfully identifying and thwarting over 160,000 scams to date. By detecting threats as they emerge, NotCommon acts as your vigilant guardian, warning against engaging with malicious links or trading counterfeit NFTs that could compromise your digital assets.

Harpie Enhance Your Web3 Wallet Security with Harpie: The On-Chain Firewall

Harpie introduces a groundbreaking solution to safeguard your Web3 wallet like never before, acting as an indispensable security layer that intercepts and neutralizes potential hacks "before they ever get on-chain." Through constant monitoring, Harpie scrutinizes your wallet hundreds of times per second, proactively halting any suspicious transactions or transfers in transit automatically.

With Harpie as your shield, you can rest assured knowing that you are fortified against front-end attacks, bait and scam sites, private key theft, phishing attempts, and accidental transfers. Remarkably, Harpie holds the distinction of being the first and only company to autonomously thwart private key theft. Moreover, Harpie prioritizes non-custodial protection, leveraging immutable and audited contracts, and implementing a robust system of checks and balances to eliminate single points of failure.

Forta Enhance Your Blockchain Security with Forta: The First Detection Network for Web3

Forta revolutionizes blockchain security and operational monitoring with its cutting-edge detection network. Designed to safeguard the open economy, Forta employs a Web3-centric approach to detect and mitigate threats and anomalies across the DeFi and NFT ecosystems, governance structures, bridges, and other Web3 systems in real-time.

Supported on major blockchains such as Ethereum, Polygon, BSC, Avalanche, Arbitrum, Optimism, and Fantom, Forta empowers traders, developers, and investors with timely and invaluable insights into the security and stability of their systems. Forta's community-run security network has already shielded tens of billions of valuable assets from potential exploits, ensuring peace of mind and fostering trust within the Web3 community.

Web 3.0 crypto coins represent the cutting-edge of blockchain technology, aiming to redefine how we interact with the internet. These cryptocurrencies have been designed to revolutionize various industries, including finance, healthcare, and supply chain management, among others. As a result, they have attracted massive attention from investors looking to diversify their portfolios.

However, navigating the sea of web 3.0 crypto coins can be challenging, especially for new investors. With so many options available, selecting the right coins to invest in can be overwhelming. That's where our team comes in to help. We have scoured the market to identify the best and safest web 3.0 crypto coins.

Our selection process involved analyzing various factors, including emerging technologies, rate of adoption, current market value, and potential prices in the future. We have handpicked the top 8 web 3.0 crypto coins that have demonstrated excellent potential for growth and profitability.

Investing in web 3.0 crypto coins can be a smart move, as these cryptocurrencies are poised to disrupt various industries in the coming years. By investing in the right coins, you can potentially reap significant returns on your investment. So why wait? Discover the future of finance today with our expertly curated list of the top 8 web 3.0 crypto coins.

1- CHAINLINK

Chainlink is a top-performing oracle network in the blockchain industry, enabling smart contracts to access off-chain data. This decentralized network is trusted by numerous companies in the DeFi sector to provide long-term data reliability. Chainlink oracles play a crucial role in powering some of the most prominent DeFi protocols, such as AAVE, Uniswap, and Compound.

As a leading oracle network, Chainlink ensures the accuracy and reliability of off-chain data feeds that DeFi protocols require to function efficiently. This helps to create a more transparent and trustworthy DeFi ecosystem. Additionally, Chainlink is working with the World Economic Forum (WEF) to power the fourth industrial revolution (4IR), which is set to have a significant impact on various industries worldwide.

By using Chainlink oracles, DeFi protocols can improve their performance and reliability, ultimately providing better services to their users. The partnership between Chainlink and WEF further underscores the critical role that the network plays in the blockchain space. Join the Chainlink community today and discover the limitless possibilities of the decentralized world.

Features:

• Reliable and tamper-proof network • Seamless connection to any API and 99% uptime guarantees • Proven, ready-made solutions • Secure off-chain computation • Blockchain: Ethereum • Liquidity: $894,430,131 • Technology: Smart Contracts

2- FileCoin

Filecoin is a decentralized storage network that leverages Interplanetary File Storage (IPFS) to enable permanent data storage. Launched in 2014, Filecoin aims to create a truly decentralized storage system, allowing users to store large files, NFTs, and frequently accessed data on the network.

Filecoin is uniquely designed to support Web3 and DeFi protocols, making it an ideal choice for the online video and music streaming industry. The network is equipped with the necessary tools to ensure that your data is secure, and you have complete control over it.

The FIL token is the native token of the Filecoin blockchain and has several utilities, including voting power and transaction fees. This makes FIL a valuable asset for both users and investors alike. With its cutting-edge technology and a growing community of users, Filecoin is set to revolutionize the way we store data. Join the Filecoin community today and take control of your data in a truly decentralized network.

Key Features:

• Users can take part as storage providers • Offers the ability to rent out unused hard drive space • Data consumers pay storage providers for space on the IPFS. • Developers can gain access to new data storage paradigm • Filecoin and IPFS combine to make the internet secure • Content addressing and cryptographic storage proofs for data verification. • Transparent rules in the Filecoin DAO • Blockchain: Filecoin • Liquidity: $814,188,468 • Technology: Interplanetary File Storage System (IPFS)

3- THE Graph Protocol

The Graph protocol is a powerful tool for indexing blockchain data. It uses GraphQL to enable anyone to query blockchain networks such as Ethereum and Filecoin easily. This open-source web3 crypto wallet is designed to improve data accessibility and enable developers to build on top of it using APIs called subgraphs.

Often referred to as the Google of blockchains, the Graph protocol has been widely adopted in various industries, including DeFi, governance, social media, virtual reality entertainment, and marketplaces.

GRT is the native token of the Graph protocol, and it plays a crucial role in the network's governance. Members of the Graph DAO can use GRT to vote on proposals and make decisions that will impact the future of the network.

Several top DeFi projects, including Uniswap, Synthetix, Decentraland, Polkadot network, and Aragon, rely on the Graph protocol to access blockchain data efficiently. Join the Graph community today and discover the power of decentralized indexing.

Features:

• Own your identity, data, and reputation • Programmable money and financial contracts • Guaranteed to run forever on reliable public infrastructure • Seamlessly switch between dapps across different blockchains. • Supports Helium network, Ethereum mainnet, NEAR, and all EVM-compatible      blockchains • Blockchain: Ethereum • Liquidity: $109,649,952 • Technology: Decentralized Data Indexing and Querying Tool

4- Ethereum Name Service

Ethereum Name Service (ENS) is a domain registration and hosting service that allows users to name their websites, crypto wallets, and more. Your ENS name can be used across various blockchain services, including DEXs, metaverses, and Play-2-Earn games. ENS is widely accepted, with over 500 integrations.

Key Features:

• Own your username, avatar, and other profile data across services. • Launch censorship-resistant decentralized websites with ENS. • You can also use ENS with your own DNS names, including .com, .org, .io, etc. • ENS is supported by a large ecosystem of wallets, browsers, and Dapps. • Blockchain: Ethereum • Liquidity: $89,602,359 • Technology: Decentralized Web Domain Registration and Hosting

5- Ocean Protocol

Ocean Protocol is a cutting-edge marketplace that has become the go-to destination for a new asset class in the 21st century - data. This web3 crypto wallet provides a middle ground for data providers and consumers to transact. Data providers can assign a price to their data, and consumers have a centralized location to access the data they need.

Ocean Protocol has been recognized in various mainstream media outlets, including the BBC, New York Times, and Forbes. As one of the best web 3.0 crypto wallets on the Ethereum blockchain, Ocean Protocol converts data into ERC-721 NFTs and ERC20 tokens, ensuring that data is interoperable.

Join the growing community of data providers and consumers on Ocean Protocol and discover a new world of possibilities in data transactions.

Key Features:

• Users can buy & sell private data while preserving their privacy • Data remains in full control of owners since it never leaves their premises. • Data is tokenized into NFTs or crypto tokens to be tradeable on DEXs • Ocean specializes in data availability, data accuracy, and reliability • Blockchain: Ethereum • Liquidity: $22,993,024

6- Aragon

Aragon is your all-in-one solution for governance needs in the blockchain world. It provides infrastructure for developing and managing Decentralized Autonomous Organizations (DAOs), making it the perfect choice for blockchain startups. With its governance plugin and open-source infrastructure, Aragon helps projects achieve true decentralization through a DAO.

Some of the most prominent DAOs in the blockchain space, such as Decentraland (digital real estate), BadgerDAO, and PieDAO, have used Aragon's services to build their platforms. Aragon is one of the best web 3 crypto platforms that has been featured in leading news outlets such as Forbes, Yahoo Finance, and TechCrunch.

Choose Aragon as your governance solution and be at the forefront of blockchain innovation.

Key Features:

• Helps communities can raise funds, pay contributors, and govern together • Makes gasless and universally verifiable voting solutions for web3 possible. • Supplies secure, end-to-end verifiable, censorship-resistant voting solutions for      your organization. • Helps you to build next-generation DAO platforms that are simple, modular, and      adaptable • Blockchain: Ethereum • Liquidity: $18,321,492 • Technology: Aragon App, Aragon Voice, Aragon Client, Aragon, Vocdoni

7- iExec RLC

iExec RLC is a popular web3 marketplace that allows users to build and sell web3 apps using the iExec infrastructure. This platform provides an easy-to-use interface for creating and deploying decentralized applications without requiring any technical knowledge in blockchain technology development. With just a browser, a data source, and some time, users can bring their ideas to reality and start earning from their apps.

iExec RLC is one of the best web3 crypto platforms that has been featured in leading news outlets like Forbes, CoinDesk, and CoinTelegraph. It is also a member of the Enterprise Ethereum Alliance (EEA), a global organization that supports the adoption of Ethereum blockchain technology by enterprises.

iExec RLC's infrastructure is secure, scalable, and flexible, making it ideal for a wide range of web3 applications. Whether you're a developer looking to build a new Dapp or a business looking to leverage the benefits of blockchain technology, iExec RLC is the perfect platform for you.

Key Features:

• Purchase on-demand, unlimited computing power for your applications. • Users can construct applications and protect their ownership and privacy. • The iExec’s web3 marketplace for computing assets allows users to trade these      assets on a global scale. • Blockchain: Ethereum • Liquidity: $11,199,256 • Technology: iExec SDK

8- Flux

Flux is a top decentralized blockchain network that facilitates the scalability of cloud infrastructure. It allows developers to manage, develop, and scale their Dapps on multiple servers simultaneously. The platform has established itself as a market leader in the crypto space and has partnered with notable names in both the traditional and digital world, such as Nvidia and Kadena.

Key Features:

• Flux network is fully decentralized and resilient to system failure and censorship. • FluxOS is both blockchain and DApp agnostic • FluxNodes are currently running in many countries globally. • Its operators are rewarded daily for running nodes. • Node operators can choose hosts from bare metal, cloud-based, ARM64, and VPS      servers. • FluxConnect works with IoT devices using 2G, 3G, 4G, Wi-Fi, and even 5G • Blockchain: Flux • Liquidity: $5,984,474 • Technology: Cloud Infrastructure to process transactions and collateralize nodes etc.

Fundamental

In recent years, cryptocurrency has been gaining traction in the financial industry, with a wide range of digital currencies being introduced into the market. One such cryptocurrency that has gained significant attention recently is Solana.

Solana is a high-performance blockchain network that aims to provide a decentralized platform for developers to create decentralized applications (dApps) and blockchain-based services. It was founded in 2017 by Anatoly Yakovenko and has since grown to become one of the most promising cryptocurrencies in the market.

Solana's Performance

Solana is built on a unique consensus mechanism called Proof of History (PoH). PoH is a time-stamping mechanism that allows Solana to process transactions at an incredibly high speed. Solana can process over 65,000 transactions per second, which is significantly faster than Ethereum, Bitcoin, and other cryptocurrencies. This high throughput and fast confirmation time make Solana an attractive option for developers looking to build decentralized applications that require high-speed transactions. It's also important to note that Solana's high-speed transactions do not come at the expense of security, as the network is highly secure and resistant to attacks.

Solana's Technology Stack

Solana's technology stack consists of a variety of components that work together to provide a fast and secure blockchain platform. Some of the key components of Solana's technology stack include:

• Proof of History: A unique consensus mechanism that provides a time-stamping mechanism to the network.

• Tower BFT: A consensus algorithm that allows nodes to come to consensus on transactions.

• Gulf Stream: A block propagation protocol that allows nodes to quickly and efficiently propagate new blocks to the network.

• Turbine: A transaction processing engine that processes transactions on the network.

Solana's Ecosystem

Solana's ecosystem is rapidly growing, with a variety of projects being developed on the network. Some of the most notable projects being developed on Solana include:

• Serum: A decentralized exchange (DEX) built on the Solana blockchain.

• Mango Markets: A decentralized trading platform built on Solana.

• Raydium: A decentralized liquidity provider built on Solana.

• SolFarm: A decentralized yield farming platform built on Solana.

All of these projects are built to take advantage of Solana's high-speed transactions and low transaction fees, making them an attractive option for users looking to trade and interact with decentralized applications.

Solana's Native Token - SOL

Solana's native token is SOL. SOL is used as a medium of exchange on the Solana network and is also used to pay for transaction fees. SOL has a fixed supply of 394 million, with no additional tokens to be minted in the future. As the Solana network grows, demand for SOL is likely to increase, which could lead to an increase in its value.

Conclusion

Solana is an exciting cryptocurrency that is quickly gaining popularity in the market. Its high-speed transactions, low transaction fees, and strong ecosystem make it an attractive option for developers and users looking to build and interact with decentralized applications. As the cryptocurrency market continues to evolve, it will be interesting to see how Solana develops and whether it can maintain its position as one of the most promising cryptocurrencies in the market.

Technical analysis

Let's start by diving straight into the technical analysis of the overall market. Looking at SPY, there is little to no real difference on my expected bullish push above $418. I expect us to carry on moving upwards over the next few weeks, this should take us to the price range of $414 to $418. I expect a lot of you guys have seen the news going around about the US hitting its debt default. We hear this news almost every year and they never do, as the debt ceiling will be increased. Now one thing I will say is that the banks collapsed back in 2008 because it was unexpected! This time, many media outlets are covering the potential banking system collapse and for this reason, I believe it is unlikely. Everyone knows how much trouble the economy is in this time. Whereas before, they didn’t.

We will move onto BTC analysis. BTC is one of the most important coin to look at while trading. Alongside BTC dominance, it can give us a good outlook and clear bias of market direction. If we can see BTC break out of this triangle, this we expect a move up the 30K price level once again. This would be the market targeting the buy side liquidity that lies there. On the daily, we can see BTC potentially approach the 32K price range if we break out of this triangle; Pushing past our previous high of 31k.

SOL analysis

Looking at SOL on the chart we can see two opportunities to open a trade. One being a long and the other being a short. We will first evaluate the long trade. On the 8H chart we can see a nice FVG has been filled creating a level of demand within it. This is where we will get our entry for the trade. Entry price will be $21.30 with our stop loss at $19.85. This is a less aggressive entry, and our stop loss allows for plenty of movement in order to get into the trade. Our first TP will be at $22.25 (4.6%), the second take profit at $23.98 (13%). Finally, the last take profit will be at $25.99 (22%). This gives the trade a very good R:R and is worth the risk.

Next, we will look at our Bearish scenario. We can see a nice 8H FVG that has to be filled, this is where we will enter a short position. Please note: This entry is very aggressive and if the long entry hits first then it will invalidate this set up. Our entry will be at $22.90 with a stop loss at $24.02. This stop loss again, allows for plenty of movement around the FVG and supply zone, this ensures if price will fall, we won't miss out. Our first take profit will be at $22.28 (2.6%), The second take profit will be at $21.25 (7.2%). The third take profit will be at $19.34 (15.4%) and on the short trade, we will have a TP4; we will take profit for the last time at $16 (30%). This is a very optimistic level, and I don’t expect to hit it, but in the event we see a major fall in markets, this is a good target.

Summary:

In conclusion, Solana is a promising cryptocurrency that has emerged as a strong competitor in the blockchain industry. With its unique consensus mechanism, high-speed transactions, and low transaction fees, Solana is well-positioned to become a leading blockchain platform for decentralized applications. Its growing ecosystem of projects, including decentralized exchanges, trading platforms, and yield farming protocols, adds to its appeal and potential for long-term success. While the cryptocurrency market is always subject to volatility and uncertainty, Solana's impressive performance and potential make it an exciting cryptocurrency to watch in the coming years.

This is not trading advice and any actions taken based on this information are solely at the readers discretion. We do not make any guarantees or warranties about the completeness, reliability or accuracy of this information. We encourage readers to do their own research before entering the market.

Fundamental overview

Just as the bank run panic started to fade away, First Republic Bank started the fire once again, closing on May 1, 2023. Due to bad investments and pressure from rate hikes, more and more banks are getting their feet burnt. Yesterday we had the FOMC meeting which increased the interest rate with another 25bps, which puts even more pressure on the banks and cut early bull runners and brought them to reality. As Jerome Powell, chairman of the Federal Reserve, was giving his speech about the current economic situation, manipulation in the markets started to appear. First, forward guidance on the direction of interest rates, he left the door open for additional rate hikes. FED committee doesn’t see inflation going so quickly and further actions will need to be taken to bring it back to stability. There is a difference in Powell opinion and the staff one, as Jerome believes we will mostly avoid a recession while his team thinks a modest recession is more likely. All this craziness in the financial markets brought more money into cryptocurrencies as we’ve seen record highs in the number of Bitcoin daily transactions.

Now, onto Matic. Polygon (previously known as Matic Network) is a Layer 2 scaling solution for Ethereum, designed to address the scalability issues of the Ethereum blockchain. The platform is backed by major players in the industry such as Binance and Coinbase, and its goal is to stimulate mass adoption of cryptocurrencies by offering an easy-to-use infrastructure development framework that allows for the creation of globally available decentralized financial applications.

At its core, Polygon uses a combination of the Plasma Framework and proof-of-stake blockchain architecture to enable up to 65,000 transactions per second on a single side chain with a block confirmation time of less than two seconds. This makes it one of the fastest and most efficient Layer 2 scaling solutions available today.

Polygon, as a Layer 2 scaling solution, relies on a proof-of-stake consensus mechanism to ensure the security of its assets. This mechanism involves validators staking their MATIC tokens as collateral to become part of the network's PoS consensus mechanism, and in return, they receive MATIC tokens as rewards. Users who do not wish to become validators can delegate their MATIC tokens to other validators and still participate in the staking process, earning staking rewards.

In addition to its technical features, Polygon also has a native token called MATIC, which is an ERC-20 token running on the Ethereum blockchain. The MATIC token is used for payment services on Polygon and as a settlement currency between users who operate within the Polygon ecosystem. Transaction fees on Polygon sidechains are also paid in MATIC tokens.

One of the key benefits of using Polygon is that it allows developers to build decentralized applications (DApps) on a foundation that can scale to a much larger ecosystem. The Plasma framework gives Polygon the potential to house an unlimited number of dApps on its infrastructure without experiencing the normal drawbacks that are common on proof-of-work blockchains. So far, Polygon has attracted more than 50 dApps to its PoS-secured Ethereum sidechain.

Overall, Polygon is an exciting project that offers a lot of promise for the future of blockchain development. By providing a fast, efficient, and easy-to-use infrastructure for building decentralized applications, Polygon could help to stimulate mass adoption of cryptocurrencies and bring the benefits of blockchain technology to a wider audience.

Technical Overview

Bitcoin is a main watcher as it always guides the market of cryptocurrencies. After giving it time to catch a breath after crazy inside and algo trading at the FOMC meeting, we are given a few opportunities. By marking our levels of interest and liquidity zones, BTC presents us two scenarios.

A clear SFP was formed at 27k level, barely touching the naked point of control and sending us to 30k again. Bitcoin is still in a distribution phase hence why we are range trading. Price can break the resistance trendline and send us to previous highs if it manages to get through 29.8k level of resistance.

Overall sentiment is bearish due to liquidity sitting in big quantities on the buyingside. Current support trendline looks weak and easy to break, as we failed multiple times to get over 30k again. This struggle gives bears time to fill up their short positions and wait for the ride to 26.5k, last hope for a support by bulls. Crypto options give us bearish confluence as see huge amounts of calls being sold, meaning a lost in faith for the upside. We can track this data through algorithms created by Geniidata, a full-stack, user-friendly platform that enables on-demand data analytics for blockchains and provides cloud-based API and business intelligence services. It offers great insights and can give traders a step ahead and look behind the curtains with automatic algos.

Looking at Matic chart on a lower timeframe we can analyse price closely and identify the point of control of this 4H range and sellside liquidity zone. Price is currently sitting at the monthly open. This is a critical moment as if it breaks below monthly open we can open a short position, around 0.98$, with small size leaving room to dollar cost average later on. 1.005$ is a good level to DCA as this is the last daily open and can act as resistance.

• 0.938$ is our first take profit, closing a small amount and moving stop loss to break even securing this trade without risks. This is the price mark where we want to see a break of structure to the downside flipping this support into a resistance.

• 0.87$ taking 50% of our positions off and monitoring price as this level acts as our big support which is the point of control of the previous weekly range and has a lot of long orders to protect.

• 0.79$ this is where we take full profits and enjoy the 3-4R trade, daily orderblock having the chance to flip the price.

STOP LOSS should take place if the price closes a 4H candle over 1.035$, above the liquidity pool of this small range, or incase BTC breaks the trendline to the upside.

If Bitcoin holds it’s current support and manage to break to the upside, we should have our bullish scenario prepare for Matic. We have formed a double bottom, not a very strong one, but it can play out. Buying power not losing steam even if it hits the liquidity pool and sellers being exhausted can boost the price. Change of structure at 1.02$ mark gives us a chance to start a long position with medium sized position.

• 1.08$ first take profit where we close 25% of the position and moving stops to BE for safety.

• 1.15$ second take profit, which sits at the 0.5 mark of the fair value gap left behind by the price dropping too fast and leaving orders unfilled.

• 1.21$ closing trade completely as deviation can happen at this price mark and dust away our profits.

TRADE should be close in a LOSS if price finds acceptance under 0.94$ level.

‘The biggest risk of all is not taking one.’ Mellody Hobson, CO-CEO of Ariel Investments

This is not financial advice, trade at your own risk!

Fundamental analysis

Theta is a decentralized video delivery network, powered by blockchain technology. It is designed to provide high-quality video streaming services that are faster, cheaper, and more secure than traditional centralized platforms. Theta uses a proof-of-stake consensus mechanism to validate transactions and secure its network.

One of the key features of Theta is its ability to incentivize users to share their bandwidth and computing resources with the network. Users who contribute to the network by sharing their resources are rewarded with Theta tokens, which can be used to access premium content, or traded on cryptocurrency exchanges.

Theta's utility as a video delivery network has led to partnerships with major players in the media industry, such as Samsung and Google. These partnerships have helped to increase the visibility of Theta and its potential as a disruptive force in the video streaming market.

Theta's team is led by experienced entrepreneurs and industry experts, including Mitch Liu, who previously co-founded the social gaming platform, Gamzee. The team's extensive experience in the gaming and media industries has helped to position Theta as a leader in the emerging market of blockchain-based video delivery networks.

In addition to its partnerships and experienced team, Theta has also received significant investment from leading venture capital firms, including Blockchain Ventures, Gumi Cryptos, and DHVC. This investment has helped to fund the development of Theta's technology and expand its reach in the global market.

From a technical perspective, Theta's blockchain is built on the Ethereum network, which provides a high degree of interoperability and compatibility with other decentralized applications. This interoperability has allowed Theta to integrate with other blockchain-based video platforms, such as Livepeer and VideoCoin, creating a network effect that could help to drive adoption and increase the value of Theta tokens.

Technical analysis

Market Overview

The stock market has seen a mix of gains and losses in recent weeks. Concerns about inflation and rising interest rates have led to increased volatility, with some investors hesitant to take on too much risk. However, there are also reasons for optimism, as the economy continues to recover from the COVID-19 pandemic and corporate earnings remain strong. Technology stocks have been particularly volatile, with some investors concerned about potential regulation and antitrust actions against major tech companies. Other sectors, such as energy and materials, have seen gains due to rising commodity prices. We can have a look at seasonal tendencies and see that May historically hasn’t been the best month for the stock market but this environment could give BTC a chance to decouple from US Markets.

The high time frame for BTC hasn’t really changed as it’s building a 7-week range while it’s trying to break the resistance band. The longer the sideways action will go the stronger the break-up/down will be. On the chart below we can clearly see that we have massive FVGs (Fair Value Gaps) both ways and they should be our closest targets in the future. At the moment the Fear & Greed indicator is at 52 out of 100 points meaning the trader's sentiment is neutral.

$THETA - Theta analysis and potential setups

THETA as a coin and project has proven itself worthy in the last bull market. Right now the price is approximately -94% from the ATH with massive upside potential for leverage traders as well as spot traders. Today I will cover bullish and a bearish scenario as we need to be prepared to trade both ways in current market conditions.

Let’s start with the daily chart and try to identify buy-side and sell-side liquidity pools. We can clearly see 3 highs that every time failed to make a higher high at $1.337, $1.302, and $1.243, and a local low that’s holding a lot of liquidity at $0.939. I’ve also marked our last major low that has taken the sell stops and pumped because it will be an important level for the bullish scenario.

Bullish scenario

Diving into the 4-hour chart we have two FVGs just below our SSL and that would be our entry for the long trade. Stop loss is placed below the major low I’ve mentioned earlier as it’s considered a strong level after giving such a reaction/bounce. The Buy Zone is placed below the first FVG as the 2nd FVG looks more appealing. We are looking for grabbing that $0.939 low into our Buy Zone and look for a reversal, typical liquidity hunt scenario. Remember that before entering the trade remember to wait for the price to stabilize and make entries after a local bullish market structure change. If the $1.064 BSL level is taken before the $0.939 SSL level, the long setup isn’t a high probability anymore!

• Buy Zone: From $0.887 to $0.909

• Stop Loss: $0.849

• First target: $0.996 - Risk to reward ratio is 2.00, mainly for moving Stop Loss to entry

• Second target: $1.064 - Risk to reward is 3.41, targeting Buyside Liquidity

• Final target: $1.243 and beyond - Risk to reward is 7.09

All R:R were measured from the middle of the Buy Zone.

Bearish scenario

When it comes to the bearish scenario we need to understand that the for it to be high probability the $0.939 can’t be taken before we hit our entry! This level would be our target! On the chart below I’ve presented how the price would need to behave for our short to be valid. After breaking the BSL at $1.064 we would target that big void FVG and the 2nd half of it would be our Sell Zone. Remember that before entering the trade remember to wait for the price to stabilize and make entries after a local bearish market structure change. The Sell Zone should provide some resistance for the price and when the momentum shifts to bearish the trade is in play.

• Sell Zone: From $1.193 to $1.167

• Stop Loss: $1.256

• First target: $1.052 - Risk to reward is 2.00, mainly for moving Stop Loss to entry

• Second target: $0.939 - Risk to reward is 3.77, targeting Sellside Liquidity

• Final target: $0.851 and beyond - Risk to reward is 5.16

All R:R were measured from the middle of the Sell Zone.

Both setups are aligned with potential moves from BTC and ETH in the near future.

Summary

Overall, Theta's potential as a decentralized video delivery network, its partnerships with major players in the media industry, and its experienced team and investment backing make it an attractive investment opportunity for those interested in the cryptocurrency market. Both setups presented should be taken with caution as they both have a set of rules for them to be high probability. Traders should be aware of this volatility and manage their risk accordingly to avoid significant losses.

This is not trading advice, and any actions taken based on this information are solely at the reader's discretion. We do not make any guarantees or warranties about the completeness, reliability, or accuracy of this information. We encourage readers to do their own research before entering the market.

Major Crypto Assets Performance

After last week’s purge which had erased 2023’s first quarter gain for both major crypto assets, Bitcoin started trading this week at USD 27,500 while Ether commenced at USD 1,860 on Monday 24(th) April. Looking at the technical momentum data, Bitcoin and Ethereum’s RSI (Relative Strength Index) was both at a bit below 40 indicating the lack of market momentum due to no new stimuli for traders. The low momentum trend ended when on Wednesday 26(th) April Consensus 2023 conference in Austin, Texas kickstarted a major recovery on both Bitcoin and Ethereum to reach USD 30,000 and USD 1,960 respectively. As a result, Bitocin’s RSI surged past 70 which indicated Bitcoin traders are bullish from overbuying activity while Ether’s RSI stayed slightly below 70 hinting the Ethereum community is feeling slightly less bullish than that of Bitcoin’s. However the bullish sentiment proved to be short-lived as within a few hours both major crypto assets suffered a nose-dive selling pressure dragging Bitcoin and Ethereum back to USD 27,700 and USD 1,820 respectively. On technical momentum data, Bitcoin and Ethereum’s RSI declined down to 45-50 range due to the sharp selling pressure.

Nevertheless, both major crypto assets saw another glimmer of hope on Thursday 27(th) April when Bitcoin regained to USD 29,800 and Ethereum hopped to USD 1,920. Despite the positive trend in trading prices, Bitcoin’s RSI merely nudged forward to 65 stopping short of the 70 bullish threshold which would indicate Bitcoin traders are merely lukewarm over this recent recovery trend. Meanwhile, Ethereum’s RSI stayed almost flat at 55 as a lack of direction still dominated within the Ether trading community. By the weekend on Sunday 30(th) April, Bitcoin and Ethereum still lingered around USD 29,700 and USD 1,920 respectively with Bitcoin’s RSI led over Ethereum’s as the former has a reading of 64 while the latter is 58. Overall, crypto traders appeared to be more careful than last week on investing and the market is waiting for new stimuli to lead its direction.

Over on to Alt-coins, Polygon traded flatly as the layer 2 network token MATIC made net 0 gain or loss at USD 1.01 from Monday to Sunday despite hitting weekly ceiling at USD 1.06 and weekly floor at USD 0.95 within a few hours lapse on Wednesday while its RSI made some recovery from 36 on Monday to 52 on Sunday. Meanwhile Solana showed some promise as the alleged Ethereum-killer pounced 8% forward from USD 21.8 on Monday to USD 23.6 on Sunday as its RSI jumped from 40 at the start of this week to above 60 by the end of this week to reflect the rosy trading sentiment ahead of its highly anticipated Web3 smart phone Saga’s launch scheduled on 8(th) May 2023. In the meantime, Cardano also performed well this week gaining 5% from USD 0.39 on Monday to USD 0.41 on Sunday as ADA’s RSI advanced from 40 early in the week to 58 by the weekend. On the other hand, Meme-coin Dogecoin edged mildly from USD 0.079 on Monday to USD 0.081 on Sunday as its RSI advanced from 38 on Monday to hit 54 on Sunday in reflection of the 2% price gain achieved this week. It is also worthwhile to mention that another meme-coin PEPE advanced over 166% since Saturday from USD 0.00000038 to USD 0.0000008 on Sunday!

Notable Web3 News and Events This Week

On Monday 24(th) April, Satoshi-era Bitcoin whale’s HODL wallet with 400 BTC worth USD 11 million is reported to have movement by diverting 360 BTC to a wallet with the rest to other wallets. Similar whale movements have been spotted recently as if some early-stage crypto investors woke up and re-activated their wallet keys. Meanwhile Binance is reported to be back to Russia and Russian users can deposit and withdraw from Binance once again as the country appeared to be relaxing some of its rules over crypto trading. On Tuesday 25(th) April, in an unprecedented move Binance US decided to walk away from the Voyager Digital USD 1 billion acquisition deal citing US regulatory pressure despite winning US court clearance to proceed after series of legal battle challenge by the US SEC. In another deal failure news, numerous Genesis’ creditors have withdrawn from their agreement leaving the fate of Genesis’ restructuring plan hanging in limbo during a 30-day mediation period. Meanwhile, Celo has joined Chainlink’s Scale programme which would grant the mobile-first blockchain network access to top tier pricing oracle to expedite its development. Following its recent success in launching its token ARB, layer 2 network Arbitrum airdropped USD 120 million worth of ARB to DAOs within its ecosystem to incentivize local community governance.

On Wednesday 26(th) April, Solana Labs announced its plan to incorporate ChatGPT into its blockchain to facilitate blockchain analysis, token transfer and NFT pruchase. On the next day 27(th) April, Etherisc launched de-peg insurance for USDC holders covering from 5% to 20% variance from US Dollar for over 24 hours. Meanwhile, the Bitcoin Legal Defence Fund set up by Jack Dorsey et al has decided to support Bitcoin Core developers hit by Craig Wright’s lawsuit in his claim for 111,000 BTC allegedly lost due to a hack. Further to PancakeSwap’s community voting outcome to curb CAKE inflation, a majority of the votes have backed the motion to reduce CAKE rewarded by as much as 94%! Due to a rumour that LayerZero might soon airdrop its token, airdrop hunters have pushed up 30% of cross-chain bridge Stargate’s volume as its native token STG’s trading volume has gone up by 95% within 24 hours. In its latest effort to connect DeFi to TradFi, Robinhood introduced its latest platform Connect to link user account balances across DeFi apps. On Friday 28(th) April, Binance announced its Japanese arm will commence operations by July 2023 as the CeFi exchange seeks to expand globally. Finally, according to Ripple’s own Q1 report, the company has sold USD 336 million worth of XRP boasting its payment platform success among financial institutions and individuals alike. Despite the promising news, XRP traded mostly flat this week at USD 0.47 range.

Crypto Trends from This Week

Fundraising: Crypto custodial service provider Zodia Custody raised USD 36 million led by SBI Holdings and Standard Chartered-backed SC Ventures while self-custody crypto wallet start-up Giddy secured USD 6.9 million in its latest funding round. Multi-chain DeFi protocol iZUMi has raised USD 22 million to build its first DEX product on the zkSync blockchain. Cata Labs raised USD 4.2 million seed funding led by Spartan Group to construct a cross-chain bridge. DFlow raised USD 5.5 million led by Framework Ventures to facilitate market making from wallet applications. Meanwhile, Credora raised USD 6 million from investors such as S&P Global and Coinbase to enhance Web3 borrower monitoring. Lastly, Thetanuts Finance raised USD 17 million led by Polychain Capital, Hyperchain Capital and Magnus Capital to create an alt-coin derivative marketplace. Overall, this week’s fundraising trend seemed to confirm the warming up of crypto start-up activities as the industry gradually “de-froze” from crypto winter.

Central Bank Digital Currency (CBDC): Recently, Fabio Panetta, incumbent European Central Bank board member, has confirmed that CBDC Euro would have less privacy than cash and in China’s latest CBDC rollout, civil servants in Changshu would be paid in digital Yuan from May 2023 onwards.

Jobs: In Visa’s latest Web3 expansion plan, job advertisements pertaining to Web3 developers have been posted as one of the world’s largest payment service providers eyed for Web3 business opportunities.

Regulatory Action: In the UK, Charity Commission has offered guidance to charities on accepting crypto donation against tax and money laundering rules and tax authority HMRC has proposed a change in tax treatment for DeFi lending and staking assets. French financial watchdog AMF has promised to “fast-track” MiCA registered firms for the country’s crypto licensing application.

NFT: Web3 studio Toonstar will release its NFT-backed animated series “Space Junk”. NFT mobile games NFL Rivals is planning to migrate to Polkadot after making the game available on iOS and Android. NFT shooter game Deadrop launched by Midnight Society and Streamer Dr Disrespect is reported to begin with a “promising” start with over 10,000 founder pass NFT sold. Meanwhile, DJs Steve Aoki and Justin “3LAU” Blau have collaborated to form “PUNX” duo and released their first song “Concentrate” whose royalties will be shared with 99 3LAU’s NFT holders. NFT photographers Yann Arthus-Bertrand, Namsa Leuba and Nicolas Henry have partnered to create NFTs designed to raise awareness on environmental issues in reflection of the growing ReFi trend. Lastly, Yuga Labs has dominated NFT sales from late 2022 to early 2023 with 34.6% of total NFT sales volume valued at over USD 2 billion according to DappRadar.

Bitcoin Mining: Block, owned by Jack Dorsey, has increased its Bitcoin mining chips purchase from Intel to accelerate the firm’s bid to enter the mining hardware production market as Intel is exiting the very same market. Furthermore, Bitfarm hit record hash rate at 5 exahash per second (EH/s) after its expansion in Argentina that led to extra 2,100 miners activation for the group. Troubled Bitcoin miner Greenidge secured a 1-year partnership with Core Scientific to host 6,914 of its mining rig as part of a rescue package. Lastly, Argos Blockchain reported a full-year loss of GBP 194.2 million (USD 240 million) due to falling Bitcoin prices.

FTX: FTX’s liquidators have finalized the sale of Ledger X, a derivatives exchange, for USD 50 million to M7 Holdings in its latest liquidation effort to free up more capital to repay customer and creditors.

Hack: DeFi protocol 0VIX lost about USD 2 million in the latest flash loan exploit and its Total Value Locked (TVL) dropped from USD 6.4 million to USD 1.7 million as investors lost confidence after the incident. ZkSync-based DEX Merlin and code auditor CertiK will compensate users due to a rogue developer who has rug-pulled USD 2 million from the project.

LINK is a popular cryptocurrency that has been gaining attention in the blockchain and cryptocurrency world since its launch in 2017. LINK is the native cryptocurrency of the Chainlink network, a decentralized oracle network that connects smart contracts to real-world data and events.

The Chainlink network aims to solve one of the most significant challenges facing blockchain technology: the inability to interact with off-chain data. Smart contracts are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code. They run on blockchain technology and can facilitate the exchange of assets without the need for a central authority.However, smart contracts are limited by their inability to access real-world data. This means that smart contracts cannot interact with external data sources such as APIs, off-chain databases, or payment systems. This limitation makes it difficult to use smart contracts for real-world applications such as insurance, supply chain management, and financial derivatives.

The Chainlink network solves this problem by providing a decentralized oracle network that connects smart contracts to real-world data sources. Oracles are third-party services that provide off-chain data to smart contracts. They act as a bridge between the blockchain and the real world, allowing smart contracts to access data that is not available on the blockchain.Chainlink's oracle network is decentralized, which means that it is not controlled by a single entity. Instead, it is operated by a network of node operators who provide data to the network. These node operators are incentivized to provide accurate data through the use of LINK tokens.

LINK tokens are used to pay node operators for providing data to the Chainlink network. Node operators stake LINK tokens as collateral to participate in the network. They receive more LINK tokens as a reward for providing accurate data, and they lose their stake if they provide inaccurate data.The use of LINK tokens as a means of incentivizing accurate data provision is one of the unique features of the Chainlink network. It ensures that the data provided to smart contracts is accurate, reliable, and tamper-proof.

LINK is also used as a means of payment for accessing the services of the Chainlink network. Developers who want to use Chainlink's oracle network to connect their smart contracts to real-world data sources need to pay LINK tokens to access the network's services.The use of LINK tokens as a means of payment for accessing the Chainlink network creates demand for the token. As more developers use the network, the demand for LINK tokens increases, which can drive up the price of the token.

Overall, LINK is a cryptocurrency with a unique value proposition. It is the native cryptocurrency of the Chainlink network, a decentralized oracle network that connects smart contracts to real-world data sources. The use of LINK tokens as a means of incentivizing accurate data provision and as a means of payment for accessing the services of the Chainlink network creates demand for the token. As a result, the price of LINK has been increasing steadily, making it an attractive investment opportunity for cryptocurrency investors.

OVERALL MARKET CONDITIONS:

Let’s take a look at market overview first to see our key points and current state we are in. By looking and S&P500 we see that

SPX is currently at next resistance zone which I think will be taken. That is perfect sign for crypto market. We recently broke above the trendline and are slowly climbing to the topside in order to break major resistances and start big relief on the market itself.

Recently we also had reports from biggest companies performance which went really well. Those results still didn’t hit market yet and we are about to see decent volatility next week.

DXY is also falling down retesting downtrendline and taking supports out 1 by 1. With upcoming inflation news we can see big drop that will make crypto market perform really good overall

BITCOIN:

Right now BTC is sitting in consolidating area for a longer period of time. We just tapped support and are about to aim for resistance retest. If price manage to follow SPX and gain momentum we can see possible breakout to the 32k-32.5k where is next major resistance. Overall market is pumping because of good economy and dropping inflation rates.

RSI is sitting at 54.86 when it comes to daily TF and that is good sign for upcoming push. If we manage to hold above 50 and cross 60 breaking resistance at 31k is just a matter of time :).

Fear&Greed index is green at 60 now so that means a lot of people are interested in investing on the market

Lets get into $LINK analysis now to see how it can perform during btc push!

$LINK analysis:

When it comes to chart itself: We can see that we had liquidity grab performed in bulls direction taking a lot of trades out from market. I don’t see any point for price to go down because all of Voids have been already filled and OBs popped for big whales. When it comes to potential movement to the topside: We have 2 big fvgs along the way and big supply zone which signaled big red momentum candle. Chat looks really promising when it comes to 4h TF with super tight SL just below current liquidity. I want to place it there since we can have liq wick retest and our SL needs to have some more room for potential wickoff.

How does it look on daily TF?

We have 4h tps market also on some crucial points: TP1 at VOID previous fill and almost at the top of liquidity, TP2 at previous liq grab wick and TP3 just at highest local HIGH which was retested 3 times already.

RSI on daily shows 43 status which good sign for us since its bearish but I’m personally looking for bullish div that will flip current trend and push us higher.

When it comes to volume we can see that we are in the biggest volume point of our trading range that means once it will get released it will be a good push for us

Lets mark our tps, entry and SL:

ENTRY ZONE: 6.954-6.829

SL: 6.659

TP1: 7.443 (SL at entry, 30% out)

TP2: 8.390 (40% out)

TP3: 9.47 (REST OUT)

Conclusion:

CHAINlink in current market condition looks really solid. With upcoming btc push TP2 is very much possible with even probability of quick hit of TP3. I’m super excited for upcoming month and for newest inflation reports. Market is slowly rebuilding and we are entering bullish momentum on daily and even weekly timeframes. When it comes to alt season:This is another reason I believe alts will outperform BTC and ETH soon. Once btc spikes to around 32-33k and consolidate here lowering btc domination on the market ALTs will spike and move with insane % gain on daily basis. Chainlink itself is also perfect investment for holding it LONG term on spot wallet just because of usefulness and big partnerships.

This is not trading advice, and any actions taken based on this information are solely at the reader's discretion. We do not make any guarantees or warranties about the completeness, reliability, or accuracy of this information. We encourage readers to do their own research before entering the market.

The Bitcoin market has experienced a tumultuous journey over the past year, one that nobody could have foreseen. Just a year ago, the cryptocurrency space was in a state of euphoria as Terra started purchasing Bitcoin worth billions of dollars to support their UST stablecoin. The prospects were thrilling, and above all, the value of Bitcoin was skyrocketing. Regrettably, this elation would be short-lived as UST and Luna lost their peg. This set off a chain reaction of insolvencies that nearly wiped out the third-party cryptocurrency lending ecosystem. The situation reached its peak with the FTX scandal, casting serious doubts on whether Bitcoin and the broader crypto industry could bounce back from these setbacks.

As 2021 drew to a close, Bitcoin's value hovered around $15,000, and even contemplating the next bull run was considered off-limits. As I just mentioned, the prevailing sentiment in the market was bleak and disheartening. Most individuals struggled to envision new record highs during the next bull run and merely hoped for a period of recuperation and tranquility in the market, a respite from the previous year's turmoil.

The prevailing opinion suggested that Bitcoin's price would experience a modest revival, perhaps reaching $25,000 to $30,000 if fortune favored us. At that moment, many would have been quite content with such an outcome. These were my own expectations for the year 2023.

However, the unfolding year has defied our collective predictions. Bitcoin surged from the start and has shown no signs of slowing down. Unfazed by FUD, such as the US government's increasing hostility towards the industry, Bitcoin has flourished. Driven by banking failures, acting as a financial escape route, and finally severing ties with other financial assets, Bitcoin has never been more radiant. Each day, an increasing number of individuals recognize its inherent worth and practical applications.

During the previous cycle, one of the most disheartening aspects was Bitcoin's failure to adhere to PlanB's Stock-to-Flow Model. This contentious model, which has sparked debate within the Bitcoin community, forecasted a BTC price of up to $1 million between 2025 and 2028. The model had anticipated a $100,000 price point during the last cycle, but the shortfall led to waning market confidence.

Note: This model should serve as a guide or reference, rather than being solely relied upon. Nonetheless, other variables warrant consideration. The prevailing belief, for instance, is that the previous cycle was curtailed by the COVID-19 pandemic and a steep increase in interest rates. But above all, the unforeseeable wave of insolvencies that wreaked havoc on the market may have played a significant role. It is plausible that Bitcoin was indeed on track to reach $100,000 last year, but we will never know for certain.

Currently, Bitcoin enjoys a momentum that was absent during the past two years. Inflation is soaring, and trust in governments and their respective currencies is eroding. Central Bank Digital Currencies (CBDCs) are on the horizon, banks are failing at an alarming rate, and countries worldwide are abandoning the US dollar. We are in a recession that could potentially escalate into a full-blown depression. Perhaps the most promising aspect is that Bitcoin's price has been responsive to these developments, reflecting the very reasons it was created. Its value has already surged by over 100% this year, and it appears eager for even more growth.

My generation is uninterested in gold as a financial escape route. Instead, they are turning to Bitcoin and other cryptocurrencies. This shift has led me to reevaluate Bitcoin's potential price trajectory this year. Previously, I believed that achieving a new all-time high was an insurmountable feat, but now it seems far more attainable. It would not be a shock to witness Bitcoin reaching $75,000 by the end of the current year.

The shifting attitudes toward traditional financial systems and the increasing adoption of cryptocurrencies have opened up new possibilities for the future of Bitcoin. With a younger generation seeking alternative investment opportunities and the world transitioning to a more decentralized financial landscape, the potential for Bitcoin's growth appears limitless.

This year's unforeseen turn of events has demonstrated the resilience of Bitcoin and the broader cryptocurrency market. The ability to recover and thrive amidst adversity should serve as a reminder that the future is unpredictable, and new possibilities continue to emerge.

The resurgence of Bitcoin has exceeded expectations and shattered previous notions of what the market could achieve. As we continue to navigate the ever-evolving landscape of cryptocurrencies, it is crucial to remain open to new opportunities and prepare for the unforeseeable twists and turns that lie ahead. For now, though, the future of Bitcoin and the broader crypto space appears brighter than ever, and it will be fascinating to see where this remarkable journey takes us.

A little over four weeks ago, Balaji Srinivasan made a daring wager, asserting that within a span of 90 days, Bitcoin would achieve a valuation of $1 million. This audacious bet not only shook the cryptocurrency market but also sent shockwaves throughout the global financial landscape. People from all walks of life were discussing it fervently. Even the most enthusiastic Bitcoin supporters were caught off guard by this move, sparking a heated debate among market participants.

The issue with this situation is that the majority of individuals are focusing on the bet's superficial aspects, such as whether Bitcoin will indeed reach the million-dollar milestone. However, the most crucial element in this entire scenario is the reasoning behind Balaji's decision to make such an ambitious wager.

Balaji was fully aware that his bet would generate a massive amount of attention, and that he would be at the center of it. Should his prediction not materialize, he would experience a very public failure that would be etched into people's memories. Additionally, it is worth noting that in several podcast appearances and interviews, he has openly conceded that he may not be entirely convinced that Bitcoin will hit the million-dollar mark within the specified 90-day period.

So, what would compel him to stake millions of his own capital on this gamble?

The explanation is rather straightforward: Balaji is sounding the alarm and issuing a warning.

As a highly successful professional and investor, Balaji has access to privileged information, influential individuals, and discussions that the average person does not. He possesses knowledge that remains hidden from the general public.

Although his predictions could be off by a month, several months, or possibly a year or more, he is firmly convinced that the US government has dug itself into a deep hole, which will lead to an unprecedented surge in money printing. Inflation is only in its infancy, and those without investments beyond the dollar will face devastating consequences. Bitcoin, in this scenario, could serve as a life-saving device for many.

In a manner reminiscent of Paul Revere's midnight warning to Americans during the American Revolution about the impending arrival of British forces, Balaji is attempting to alert us to the imminent wave of money printing.

Many of us who have delved deep into the world of Bitcoin share the belief that, one day, the cryptocurrency will be valued at several million dollars per coin. We envision a time when hyperbitcoinization becomes a reality, with Bitcoin adoption progressing at a slow pace before suddenly accelerating. Driven by urgent necessity, people will flock to it in droves, like a stampede. It is not a matter of if, but rather when.

This could be that pivotal moment. The timing might not be perfect, but it is clear that the world is evolving into a place where the need for Bitcoin has never been more pressing. Balaji's million-dollar bet serves as a wake-up call, urging people to reevaluate their financial strategies and consider alternative assets as a means of protection. As we navigate through these uncertain times, marked by geopolitical tensions and economic turbulence, the significance of Bitcoin as a potential safe haven asset becomes increasingly apparent.

This bold wager also underscores the importance of financial education and awareness, as it encourages individuals to explore the intricacies of cryptocurrencies, their potential impact on global economies, and the implications of traditional monetary policies. In a world where information is abundant but often fragmented, Balaji's million-dollar bet sheds light on the urgency to understand and adapt to the rapidly changing financial landscape.

This daring move also highlights the power of influential figures in shaping public discourse and raising awareness about crucial issues. By putting his reputation and substantial wealth on the line, Balaji has succeeded in capturing the attention of a global audience, sparking conversations about the future of money and the role of cryptocurrencies in an evolving world.

As we stand at the crossroads of a potentially transformative era, Balaji's million-dollar Bitcoin bet serves as a stark reminder that we must be prepared to adapt and embrace new financial paradigms. Whether or not Bitcoin reaches the million-dollar valuation within the predicted timeframe, one thing is certain: this audacious wager has ignited a critical dialogue that will shape our understanding of money, investments, and the global economy for years to come.

Balaji Srinivasan's bold gamble is much more than just a prediction on Bitcoin's value; it represents a call to action for people worldwide to take notice of the shifting financial landscape and consider the potential implications of monetary policies and alternative investments. The world is changing, and Balaji's million-dollar bet may very well serve as a catalyst for a new era of financial understanding and preparedness.

One of the biggest stories of the year so far amidst the recovery of bitcoin price is the super bullish prediction by former Coinbase Chief Technology Officer (CTO,) Balaji Srinivasan, that the price of bitcoin will hit US$1 million by June 17, 2023. We have heard similar calls in the past from the likes of Cathie Wood (CEO of Ark Investment), Arthur Hayes (Ex-CEO of Bitmex) and Mike Novogratz (CEO of Galaxy) but not within such an ambitious timeframe.

At the time of writing, the bitcoin price is trading near US$30,000. In order for it to reach US$1 million by June 17th, we need the price to trade 33 times the current levels within 3 months! This, in my humble opinion, is nothing short of an irrationally exuberant, headline-grabbing prediction.

Despite this, let’s analyze the possibilities more objectively and consider what are the key drivers and challenges that bitcoin will encounter along its path towards US$1 million.

Key factors supporting bitcoin price

Let’s take a look at what are the factors that could propel bitcoin price to astronomical highs:

a) Increasing mainstream adoption

One of the strongest arguments in favour of higher bitcoin price is growing demand for bitcoin. The growing demand is fuelled by either more capital flowing into the ecosystem or growth in the number of users holding bitcoin.

A relevant metric we can use as a reference in terms of bitcoin adoption is the number of non-zero bitcoin wallet addresses. As we can see from Figure 1, the number of wallets with bitcoin has been growing exponentially since 2010 despite multiple market crashes over the years. When we measure the number of bitcoin holders as a percentage of the world’s population, we are only at 0.36% of global adoption.

Figure 2 below illustrates where we are today based on the network effect theory of any new technology adoption cycle. If we apply the 30X multiple we need for bitcoin price to hit US$1million and assuming that the number of bitcoins per wallet remains constant, we need close to 10% (30 X 0.36%) of the world’s population to adopt bitcoin. When we extrapolate this number based on the S-curve adoption cycle in Figure 2, this is only achievable by 2030.

b) Safe haven currency

Bitcoin has a fixed supply of 21 million coins, which makes it a scarce asset when compared to fiat currencies like the USD. Record doubling of the USD money supply between 2020-2022 drove US inflation up to 9.1% in June last year. After decades of monetary expansion, the US Federal reserve had to aggressively raise interest rates from near zero to now 5% in the last 12 months in its effort to tame hyperinflation risk.

This unprecedented move shook the traditional banking system causing the collapse of Silicon Valley Bank, Credit Suisse and crypto-friendly banks Silvergate and Signature. Besides rattling the banking system, major stablecoin USDC also briefly lost its peg to the US dollar, sending shockwaves to the cryptocurrency market. As financial markets suffer, bitcoin continues to display its resilience and proved to be a reliable store of value in times of financial crisis.

c) Inflation and portfolio hedge

Some analysts predict that the Fed’s tightening cycle will end before 2023 and will cut interest rates next year to save an ailing economy that is going into a recession in the second half of this year. Interest rate cuts will lead to unattractive yields in USD-assets and potentially trigger risk of higher inflation.

These scenarios will encourage institutional investors to hedge their portfolio into bitcoin as an asset class that will generate higher returns and protect against inflation risk due to its limited supply. In addition to hedge funds and asset managers, more pension funds and endowments are allocating capital into cryptocurrencies as a portfolio diversification strategy.

In the last few years, we have also seen improvements in investment and regulatory frameworks in the cryptocurrency market such as licensed custodian services, exchange-traded products and regulated intermediaries to attract institutional investors.

d) Technological advancements

There have been several significant technological advancements in the Bitcoin network in recent years, such as the implementation of the Lightning Network, Ordinals and the development of sidechains. Advancements such as the Lightning Network have made bitcoin more scalable and enable faster and cheaper transactions on the Bitcoin network.

As the network effect kicks in and bitcoin becomes more efficient and user-friendly, we could see increased adoption of bitcoin. According to a report by CoinShares, "the liquidity and network effects created by the increasing number of participants in the Bitcoin ecosystem have led to a self-reinforcing loop of demand, as new investors are attracted by the growing liquidity and security of the asset."

Headwinds

While there are factors that could catapult the price of bitcoin to US$1 million, there are strong headwinds ahead.

a) Regulatory risks:

One of the biggest obstacles that is keeping bitcoin from reaching US$1 million is regulatory risks. Governments and regulatory bodies around the world have expressed concerns about the potential use of bitcoin for illicit activities such as money laundering and terrorism financing. According to the latest Chainalysis Crypto Crime Trends report, cryptocurrency illicit activities climbed to US$20.1billion in 2022 but it’s only 0.24% of the total cryptocurrency volume. This number is insignificant in comparison to the estimated amount of money laundered globally (which is 2 - 5% of global GDP, or US$800 billion - US$2 trillion) but governments are relying on these weak arguments to justify their actions to impose stricter regulations on bitcoin and cryptocurrency market.

Since the beginning of the year, the SEC, the DOJ, and the CFTC have taken a series of enforcement actions against the major players in the crypto industry. The SEC has sued Coinbase, Kraken, Genesis Global Capital, and Gemini Trust Co. for offering unregistered securities. The SEC also brought legal actions against Bittrex and Binance, forcing these exchanges to cease their U.S operations.

In a recent hearing before the House Financial Services Committee, SEC Chair Gary Gensler explained the agency’s tough stance towards crypto by stating that, “I’ve never seen a field that’s so noncompliant with laws…It’s not a matter of a lack of clarity. I think [crypto] is a field that, in the main, has built up around noncompliance, and that’s their business model”.

Such regulatory scrutiny poses significant risks for investors where governments could take draconian measures to ban or sanction the use of cryptocurrencies or impose heavy taxes that could deter mainstream adoption and capital flow into bitcoin. This may not exactly be the safe haven that investors are expecting.

b) Competition from CBDC, the antithesis of bitcoin:

Central bank digital currencies (CBDC) are digital currencies issued by central banks pegged to the local fiat currency like the USD or RMB. Unlike bitcoin, it is a centralized digital version of cash and need not be built on blockchain. As such, CBDC has little or nothing in common with bitcoin or cryptocurrency despite many presuming their similarities.

There are conspiracy theorists alleging that the tough stance taken by the US government against bitcoin and cryptocurrency is an attempt to buy more time for the Fed to create US dollar CBDC. China is one of the first countries to issue its own CBDC and the US needs to step up in order to defend the US dollar’s hegemony.

The creation and utility of bitcoin is inherently designed as an antithesis to the current fiat currency system. Bitcoin’s decentralization, censorship-resistant and pseudonymous nature pose a significant threat to government controls and sovereignty of their monetary systems.

c) Technological challenges:

One of the biggest technological challenges facing Bitcoin is scalability. A currency that can only process 7 transactions per second is going to have serious network congestion issues when we have thousands or millions people using it. Transaction fees will skyrocket and delays will make it unattractive for investors or payment purposes. Despite the launch of Lightning Network to address these challenges, the adoption rate has been slow.

Besides scalability, another technological challenge facing bitcoin is security. Although the bitcoin network is secure, the industry is plagued by high-profile hacks and security breaches which have led to the loss of millions of dollars worth of cryptocurrencies. The security on the application layer of the network remains poor and such an environment does not give investors the confidence in bitcoin.

d) Bitcoin vs Gold:

As an asset class, bitcoin has long been compared to gold and touted as “digital gold” by many due to its scarcity and classification by CFTC as a commodity. At the time of writing, bitcoin’s market capitalization is around US$500 billion compared to gold’s market capitalization of US$12 trillion (see Figure 3).

When the bitcoin price hits US$1 million, its market capitalization will be US$19 trillion (assuming 19 million bitcoin in circulation). This will exceed the total value of gold that has been mined for centuries! Are we assuming that every investor will diversify their US dollars into bitcoin instead of gold when there is hyperinflation as a hedge? Not impossible but highly improbable!

Bitcoin to US$1million – bed of roses with thorns!

Let’s imagine the scenario that bitcoin reaches US$1 million in June. According to Balaji, the world would have spiralled into the abyss of hyperinflation and the US dollar monetary system would have collapsed. It is also likely that global economies will capitulate into depression and political and social disorder will reign. If the US dollar is already a worthless currency due to hyperinflation, I can see why bitcoin will be valued at US$1 million when this happens because it will not be worth as much as the US$1 million we have today.

Fundamental

DOT, also known as Polkadot; is a decentralized blockchain network that allows interoperability between different blockchains. It was founded by Dr. Gavin Wood, one of the co-founders of Ethereum, in 2016. Polkadot has quickly gained attention and popularity among the cryptocurrency community due to its unique features and potential use cases.

One of the main advantages of Polkadot is its ability to connect multiple blockchains, creating a seamless network that allows for faster and more efficient transactions. This is accomplished through the use of "parachains," which are independent blockchains that can connect to the Polkadot network. Parachains allow for interoperability between different blockchains, allowing them to communicate and share data with each other.

Another unique feature of Polkadot is its governance system. Unlike many other blockchain networks, Polkadot is designed to be fully decentralized and community driven. This means that decisions about the direction and development of the network are made by the community, rather than a central authority or group of individuals.

The DOT token is the native cryptocurrency of the Polkadot network. It is used for a variety of purposes including staking, governance and transaction fees. Staking DOT allows users to participate in the network's consensus mechanism and earn rewards in return. DOT holders also have the ability to vote on proposals and decisions related to the network's development.

Since its launch, Polkadot has seen significant growth in both adoption and market value. As of April 2023, Polkadot is the ninth largest cryptocurrency by market cap, with a valuation of over $60 billion. This is a testament to the potential of the network and the confidence that investors have in its ability to deliver on its promises.

One potential use case for Polkadot is in the field of decentralized finance (DeFi). DeFi has become increasingly popular in recent years, and many blockchain networks have launched their own DeFi platforms. However, the fragmented nature of the DeFi ecosystem can make it difficult for different platforms to communicate and work together. Polkadot's interoperability features could help to solve this problem, allowing for easier communication and collaboration between different DeFi platforms.

In conclusion, Polkadot is a decentralized blockchain network that offers unique features and potential use cases. Its ability to connect multiple blockchains and its community-driven governance system set it apart from other blockchain networks. The DOT token plays a vital role in the network's ecosystem, and its growth and adoption have been impressive in a relatively short period of time. As blockchain technology continues to evolve, it will be interesting to see how Polkadot develops and how it contributes to the overall blockchain ecosystem.

Technical analysis

I will start by looking at the overall market. BTC this week, has broken down to the 27k range. It has then had a huge impulse back up, breaking above the 29k range. Lots of people got caught longing BTC when we retested the 29k level previously. However, lots of people [Twitter] are calling for 10K BTC looking at the daily chart. Right now, it seems price invalidated their structure playouts; as we pumped back up above the 29k level. We want to look for a break above the High of 31K next in my opinion.

If we fail to break the 31K high, we will return down to the lows of 25k in order to grab the required liquidity to push us through the 31k range. This is where liquidity is resting as of now and where large investors or whales will look to accumulate; potentially even lower. They will control the markets to do what they want, the goal is not to beat the market but move with it, by catching a trend. Once we get a clear idea, we can see how the rest of the week will play out; but for now, the next target for us is to break above the 31k price range and grab the liquidity that lies above.

Next, I will look at SPY (S&P 500). As expected, we saw a rejection of the $416 level. However, we only saw a minor rejection and this week I expect us to be bullish once again and approach the $418 level. We recently saw price break out of the wedge we had been in for months; price will want to approach the high of the wedge once again. Not soon, but in future. So, a break of the $418 level will be very bullish for us.

DOT analysis

Looking at the 12H chart, we can see a bullish opportunity present itself. We would look to get into a long position at $5.963 with our stop loss at $5.768 (3%). I am using this 12H FVG to get an entry in this trade because we will see a little squeeze down before going any further upwards. I'm expecting a little pull back that’s all, a very simple entry model! We would look to take profits along the way with TP1 being at $6.157, the second TP being at $6.339 and finally the third TP being at $6.950. These take profit levels create a lovely R:R for this trade.

Buy zone - $5.963 Stop loss - $5.768 (3%)

TPs - $6.157 / $6.339 / $6.950

Next, we will look at a short opportunity. Entry for the short trade will be $6.309 with a stop loss at $6.434 (2%). Im looking to enter at the beginning of the OB on this 12H chart. Again, a very simple entry model and we will look to take profits along the way with TP1 being at $6.211, the second take profit will be $5.972; third take profit at $5.768 and the finally take profit being at $5.150. These take profit levels create another lovely R:R for the trade!

Buy zone - $6.309 Stop loss - $6.434 (2%)

TPs - $6.211 / $5.972 / $5.768

Summary:

In conclusion, Polkadot (DOT) is a cryptocurrency that has emerged as a promising platform for decentralized applications and interoperability between different blockchain networks. Its unique features, such as the ability to connect different chains in a secure and scalable way, have drawn the attention of developers and investors alike. While the cryptocurrency market can be volatile, the long-term potential of Polkadot as a network and a cryptocurrency is worth considering. As more projects and users join the ecosystem, we can expect to see continued growth and innovation in the space. As always, it's important to do your own research and consider your investment goals and risk tolerance before making any decisions.

This is not trading advice and any actions taken based on this information are solely at the readers discretion. We do not make any guarantees or warranties about the completeness, reliability or accuracy of this information. We encourage readers to do their own research before entering the market.

Is Bitcoin the best inflation hedge? Can it really reach USD 1mil if the dollar hyper-inflates? Here are some clues from the past and the present

Former Coinbase Chief Technology Officer (CTO) Balaji Srinivasan made the headlines when he entered into a $1 million bet via Twitter on 18 March 2023 that the price of Bitcoin (BTC/USD) will hit $1 million by June 17. Bullish predictions of bitcoin prices are not new but making such a bold statement in the middle of crypto winter is unheard of. So, what is Balaji’s reasoning in making such a claim?

USD hyperinflation armageddon on the horizon

Central to Balaji’s headline-grabbing argument is the record pace of the USD money supply growth in recent years. The US Federal Reserve’s money-printing machine went into overdrive in 2020 when President Biden implemented unprecedented relief measures in response to the economic threat caused by the global Covid epidemic. As we can see from Figure 1 below, the USD money supply doubled in less than 2 years between 2020-2022.

Does increase in money supply inevitably lead to hyperinflation? We can look back into history for some guidance and here are a few examples:

• Vietnam War in 1970s

  In the 1970s, the US experienced high levels of inflation due to the increased money supply resulting from the Vietnam War and other government spending. This led to a bubble in commodity prices, including oil, gold, and silver, as investors sought to protect their wealth against inflation. The bubble eventually burst in the early 1980s, leading to a period of economic recession.

• The Savings and Loan Crisis of the 1980s

  In the 1980s, the US government deregulated the savings and loan industry, leading to a wave of new lending and increased money supply. This led to a bubble in real estate prices, as people took advantage of low-interest rates to buy homes and commercial properties. When many of these loans went bad, the bubble burst, leading to a crisis in the savings and loan industry and a period of economic recession.

• The Dotcom Bubble of the Late 1990s

  The Dotcom bubble was caused by a combination of factors, including the easy availability of capital and the emergence of new technologies. However, the bubble was also fuelled by the increasing money supply resulting from the Y2K scare and the Federal Reserve's response to the Asian financial crisis. The bubble burst in 2000, leading to a period of economic recession.

In the cases above, the increasing money supply resulting from US government spending and monetary expansion policy contributed to the asset bubbles. While these bubbles may have provided short-term economic gains, they eventually burst, leading to economic downturns and financial instability. Balaji is arguing along the same lines that record USD money supply is feeding into a similar hyperinflation cycle and the collapse of the USD will push the world into an economic chaos. Are we really doomed?

Now, let’s take a look at the growth rate of money supply in recent years (see Figure 2). As mentioned earlier, there has been record USD money supply since 2020 and its growth rate peaked at 2021. This growth rate, however, has since declined sharply over the last 2 years. In fact, the growth rate turned negative in recent months and the USD money supply rate is recording its steepest decline since the 1930s.

As we can see from Figure 3 below, the inflation rate peaked at 9.1% in June last year and has gradually slowed down since then. The combination of quantitative tightening in reducing money supply and aggressive interest rates hike by the Fed are proving effective to stem any risk of double-digit inflation or hyperinflation as predicted by Balaji.

Bitcoin - is it the best inflation hedge?

Bitcoin has always been touted as a potential hedge against inflation due to its decentralized nature and limited supply. Unlike the unlimited USD monetary supply, bitcoin has a built-in counter-inflationary mechanism to have a maximum supply of 21 million coins. Bitcoin’s decentralized nature means that it is not subject to the arbitrary decisions of a central bank or centralized authorities to change its supply.

Since its creation, bitcoin’s inflation rate has been steadily declining and at the time of writing, bitcoin’s inflation rate stands at 1.74% (see Figure 4 compared to US March 2023 CPI of 5%.

Balaji seems to assert that when the market expects hyperinflation, there will be a massive capital flight from USD into bitcoin as an inflation hedge. This is a rather simplistic assumption because there are other alternative assets that can offer inflation protection:

• Gold - Gold has historically been considered a good inflation hedge due to its unique characteristics as a store of value. It shares the similar characteristic as bitcoin in terms of supply because there is a limited amount that can be mined each year. Gold has been recognized as a store of value and a form of currency for thousands of years, and is widely accepted around the world. Unlike other commodities, such as oil or food, the demand for gold is relatively inelastic, which means that even as prices rise due to inflation, demand for gold is likely to remain relatively stable.

• TIPS - Treasury Inflation-Protected Securities (TIPS), are a type of U.S. government bond designed to protect investors from inflation by adjusting their principal value based on changes in the Consumer Price Index (CPI). Theoretically, TIPS can be a good inflation hedge because they are designed to keep pace with inflation but they may not be as effective over the long term because TIPS may not be able to keep pace with inflation if it rises faster than expected.

• Stocks - While no stocks are completely immune to the effects of inflation, some stocks may be better positioned to withstand inflationary pressures than others such as consumer staples and infrastructure-related stocks.

• Real Estate - Real estate can be a good inflation hedge because it tends to appreciate in value over time, and rental income can also increase with inflation. Additionally, real estate investment trusts (REITs) offer exposure to real estate without the same level of direct ownership and management responsibilities.

While Bitcoin's supply may be limited, its value is still subject to market forces, and there is no guarantee that it will hold its value over the long term. We have also seen how the Fed has the power to intervene by raising interest rates and reducing money supply to prevent hyperinflation. In order for bitcoin to position itself as a reliable inflation hedge, more time is needed to prove this narrative.

Bitcoin to 1 million USD? More likely to be wishful thinking

Balaji’s prediction is nothing short of sensational because he is playing on the weaknesses of the US dollar and banking fragility while positioning himself to ride the bitcoin bull. In my view, there are 2 major hurdles for bitcoin to overcome before we can see bitcoin hit the USD1 million mark.

• Lack of Mainstream and Institutional Adoption - A key reason why bitcoin will not achieve the USD1 million price is the lack of mainstream adoption. With a constant supply, the demand side for bitcoin will need to increase significantly to move the price up. In order to increase demand, bitcoin needs increased adoption to use it as a means of payment and store of value.

  According to a report by Crypto.com, the number of active Bitcoin users reached 219 million in December 2022. While the number of Bitcoin users has grown over the years, it is still relatively small compared to other payment methods. We can only declare that bitcoin has achieved mainstream adoption when we see companies start pricing their goods and services in bitcoin.

  Similarly, institutional money flowing from traditional funds into bitcoin as an asset investment still pales in comparison to other investment products. Regulatory uncertainty and the speculative nature of bitcoin prices make bitcoin a highly risky asset for institutional investors to consider it as an investment or store of value.

• Regulatory Intervention - Over the years, the popularity of bitcoin has attracted more regulatory scrutiny as central banks around the world are becoming increasingly wary of its potential impact on their economies and financial systems. The recent collapse of crypto-friendly banks like Silvergate and Signature Bank has not helped to promote the cause of bitcoin’s popularity. It is naive to think that governments around the world, especially developed countries, will give up their monetary sovereignty to bitcoin without a fight. The USD hegemony has been one of the most effective “weapons” used by the US government to maintain its leadership position in the world order.

As much as I would like to see bitcoin increase its role as an alternative monetary system, I am not convinced that we will see bitcoin price hit USD1 million anytime soon. The dominance of USD in the global trade and financial system is just “too big to fail” and the idea that bitcoin will take over as the preferred currency of choice is simply unrealistic. I am optimistic that the price of bitcoin will rise over time but touching the 1 million USD mark within months is likely to do more harm than good for bitcoin.

Follow these 6 steps as a beginner

1- Start with the basics

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🔹Twitter is a great platform to keep up with the latest news and analysis on cryptocurrency from credible sources. Follow reputable accounts and stay updated on market trends, new developments, and insights shared by experts in the field.

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