On top of that, a growing number of merchants are accepting cryptocurrency as a form of payment. Nearly a third of all U.S. small businesses currently accept crypto as payment — and that number is consistently growing. Crypto optimists suggest that this is the natural momentum and that it’s only a matter of time before crypto becomes truly mainstream.

There’s a lot of momentum pushing the crypto movement forward. So what, if anything, could halt that momentum?

First, what do we mean by “momentum,” and what could really bring it to a halt?

Most investors will tell you that price is the most crucial variable, and they definitely have a point. The price of an asset is typically a good signal of both trading volume and consumer confidence; the more faith people have in a given asset, the further its price will rise.

The prices of Bitcoin and other prominent coins have been rising steadily for the past several years; if prices stabilize or start plummeting (without a quick recovery), it could indicate that faith in crypto is wavering.

We can also look at more sophisticated signals, such as detecting when an asset is overbought or oversold. Price fluctuations aren’t always directly correlated with market attitudes toward an asset or the value of that asset.

If we notice that Bitcoin’s price is rising explosively, but that it’s “overbought,” we can expect its true momentum to be slower than its perceived momentum — and that the price will soon float back down to a reasonable level.

If we notice that it’s “oversold,” by contrast, a sudden decreasing price may not be a true reflection of stagnated or lost momentum; it could just be a temporary hiccup in the middle of a long stream of growth.

In any case, it’s not easy to concretely define the upper and lower bounds for crypto’s growth trajectory or momentum. Even considering that, some clear disruptive events and developments could test the optimism of even the most faithful investors.

New regulations or laws could have a pronounced effect on public faith in crypto. Most developed countries of the world are agnostic on crypto, and some have even created their own cryptocurrencies (more on that later). But some countries have outright banned crypto trading for their citizens.

Suppose significantly developed countries start bringing the hammer down on crypto trading. In that case, it could begin to a kind of domino effect, ultimately threatening the future of crypto’s utility as a decentralized currency.

So far, crypto has been hailed as inherently more secure than conventional forms of money exchange. And anyone familiar with the decentralized ledger at the heart of blockchain technology knows that security vulnerabilities are few and far between.

That said, a legitimate security threat (such as a prominent 51 percent attack or something similar) could shake consumer faith in crypto as a secure asset.

The attack or security threat doesn’t need to be particularly threatening or damaging; it just needs to force investors to reconsider their perceptions.

The crypto world currently revolves around Bitcoin, and to a lesser extent, Ethereum, Litecoin, and a handful of other major players. These are the headliners of the crypto community, even though dozens of promising younger candidates have emerged.

If any of these “keystone” currencies take a significant nosedive, it could send a ripple effect throughout the crypto market. This would slow down the growth momentum that the market has enjoyed for the past several years.

Competition and overcrowding in the crypto market could also be an issue. Thousands of new currencies are clamoring for market share. This ultimately makes it harder for individual currencies to stand out, confusing newcomers.

As you might imagine, cryptocurrency growth could also come to a halt if there’s a broader economic collapse. If people begin to fear for their economic futures, they may pull out of crypto markets. And, they may return to the comfort and security of more familiar financial systems.

What if you notice some of these developments and you suspect a forthcoming crash?

There are a few actions that may support you if your prediction turns out to be correct:

The world is growing more accustomed to the presence of cryptocurrency, but crypto is still a relatively new financial tool. As a result, there’s a lot we don’t understand about crypto’s eventual place in the world. And, there are a lot of unknown variables that will influence its development.

Because of that, it’s essential to continue treating crypto as a volatile and risky asset, even if it seems like crypto’s momentum will continue accelerating well into the future.

Image Credit: unDraw; Thanks!

What Could Halt Cryptocurrency Momentum? was originally published on Due on January 13, 2022 by Deanna Ritchie.

Staking Details

Pool Name: Discount to paid services Platform Benefit: 30% discount to paid services when they are launchedPool Duration: 1 monthReward Pool Size: 5,000,000 FUFUVesting Schedule: There is no vesting schedule, accumulated rewards are claimable during the program

Pool Name: Reward BoostPlatform Benefit: 30% boost to reward system when launchedPool Duration: 1 MonthReward Pool Size: 5,000,000 FUFUVesting Schedule: 6 month linear vesting claimable AFTER program ends

With the launch of the Main Staking program, pre-staking program will come to an end. The rewards accumulating during the program will now be claimable with linear vesting over 6 month period from when you CLICK THE CLAIM BUTTON. You must click the claim button to start the vesting schedule.

Pre-staking program claim will be available directly on https://uwufufu.com/staking. Please refer to the guide below.

Useful Links and Info

FUFU token address

0x509a51394cc4d6bb474fefb2994b8975a55a6e79

Main Staking Platform: https://uwufufu.com/staking

Before you start

Staking guide

Discount to paid services pool

Reward Boost Pool

If you have any questions regarding the staking system, please feel free to ask in our Telegram any time.

About FUFU

FUFU is the go-to platform for users to create quizzes, share it with friends, and earn NFTs through our reward system.

The project’s mission is to help brands to successfully deploy their digital advertising campaigns in the form of content marketing and distribute NFTs for future gamified marketing campaigns.

The ecosystem’s flagship NFT creation and distribution platform is UwUFUFU. A content marketing platform in the form of viral quizzes. The platform is already in use by thousands of users and content creators.

Contact us:

Website: https://getFUFU.comTelegram Official: https://t.me/FUFUofficialTwitter: https://twitter.com/getFUFUDiscord: https://discord.com/invite/9uZjxwEQDk

There are three primary drivers behind any type of market where trading occurs. Whether stocks, bonds, precious metals, commodities, or cryptocurrencies — they’re all impacted by these three factors: fundamentals, technicals, and investor sentiment.

That last variable of sentiment is packed with emotions, irrationality, and fear. Very few people have the discipline and will to buy, sell, and hold in a market based solely on pure logic. People tend to rely on their “gut instincts” or pure emotions. Anyone who doubts the role that emotions play in markets and decision-making need only recall this quote by famous economist John Maynard Keynes, “The markets can remain irrational longer than you can remain solvent.”

It’s because of this third emotionally-driven element of the market that the Crypto Fear and Greed Index (FGI) was created.

The FGI, is a free, easy-to-use, interactive dashboard that provides a daily snapshot of the general crypto market sentiment based on a variety of weighted factors such as: volatility, market volume, social media, dominance, and trends. The software automatically scrapes the internet for these variables, plugs those data into its proprietary algorithm, and updates the FGI every 24 hours.

Once the daily FGI score is calculated, it’s plotted on a 0–100 scale with ratings between 0–50 representing varying degrees of “fear” and 50–100 representing varying degrees of “greed.”

As of this writing, the FGI is ranked at 24 which is within the “extreme fear” range, as seen here.

One of the coolest features of the FGI website is that it has been activate since 2018, and you can change the timespan to track the trendline overtime. That’s useful to compare peaks and valleys with market events and conditions to better inform investing decisions going forward. Here’s the trendline for the past year.

If you’re a fan of Warren Buffett and want to invest the same way he does, now would be the perfect time to get into crypto when you consider his famous contrarian investment quote, “Be fearful when others are greedy and greedy when others are fearful.”

There’s wisdom in that perspective because people tend to get greedy when the market is rising, which results in FOMO (fear of missing out). Also, people often sell their crypto in the irrational reaction to volatility or declines. However, the website states that the FGI seeks to remove emotional overreactions based on these two simple assumptions:

That makes a lot of sense if you want to “buy low” and “sell high” — and isn’t that the general point of investing?

The FGI is a useful tool; however, it’s only a single data point, to help holders and traders alike evaluate the crypto markets with a bit less emotion and a bit more understanding during times of uncertainty. Regardless, all investment models should be considered with a grain of salt and should only be used as another data point to reference — not the sole reason for buying or selling any asset.

Follow DailyCoin:

Homepage| Twitter | Facebook | Linkedin | Youtube

Guest: CEO/Co-founder Herman Jacobs (AKA Seraphim)

AMA Process:

Exactly a year ago, I genuinely can’t even imagine what 2021 has on the table for me. I was a founding designer at a decent startup that even made his way to YC, but my personal growth in design wasn’t breathtaking.

Taking the plunge by joining Cope.Studio was a tonic for my career & me as an individual.

The joy of taking products 0–1, sitting for hours brainstorming with founders, understanding their vision, defining a product is one of the great zones to be in!

This is one of the most beautiful partnerships happening around these times. From working on Web3 & NFT projects like AdidasxPrada, Bollycoin (NFT’s for Salman Khan), Dehidden, Love A Bot (NFT’s by Kunal Kapoor) Crypto Projects like Nume Crypto, Pagecoin in the Web3 space to finally being The Moonshot Factory for all the insane projects coming on the way, I can’t wait to babble about!