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What is Crypto's future beyond 2022 and How BitYard can help you
#MyCryptoOutlook2022 #BitYard Writing
TheGivingBlock
I have started investing seriously in cryptocurrencies in early 2020 during one of the Covid lockdowns. The first currency I invested a significant amount in was Bitcoin and then ETH because most of the applications were running on ETH and I thought that there is a great future for smart contracts. The major issue faced by all traders and investors is the gas fees for transactions which becomes uneconomical for transactions below $1000. Eventually, people look around for other applications with lower fees and found a need for an Inter-Blockchain Communication protocol.
Coins I like and hold:
Crypto.com coin (CRO)
I like CRYPTO.COM and their Visa debit card. Crypto.com has become a great name out there with great sponsorship deals with Formula 1 racing, UFC, the NBA, etc. High-profile ads have raised awareness about the product. An upcoming ad is expected to raise brand awareness to the next level. As know the Crypto.com exchange will be launching in new markets and new features with their desktop website.
When I was reading about crypto I took a look at the ETH. The Ethereum has become the backbone of hundreds of other tokens. Even though the transaction fees are very high it is still very popular and the upcoming upgrade and proof of stake may make it more appealing.
ETH with the merge of Proof of Stake (POS) it is moving into ETH 2.0, it will reduce the ETH network extortionate Gas Fee issues and also the scaling problems. The huge development of the ETH network will make it more accessible to more investors.
The ETH 2.0 can't come quick and that is to happen this year. I don't see $10K as many others say but it is 50% down in Jan 2022. All investors are hoping to see the world's largest altcoin surpass the $5K mark. Even though there are some positive new Ethereum is struggling to hold its market capitalization. With the emergence of 3.0, there are a lot of opportunities for Ethereum others through its smart contracts being utilized in NFTs and Play2Earn games. It may be bullish in the long term when it comes to ETH.
Bitcoin (BTC)
Investors have mixed feelings about Bitcoin right now. Adoption of Bitcoin is increasing, with the U.S. state of Arizona exploring allowing BTC as legal currency, and El Salvador is already accepting it as official currency. But it is said that it has been tanked upon news of inflation and I don’t know whether it is true or false but people around are telling that it failed to be digital gold.
In 2021 July it was $ 29,789 and Jan 31, 2021, it was $34,312 to my surprise on Jan 24 2022 it was $33,110.
By mid-April 2021 it would surpass $60K only to fall more than 50% by July 2021from that peak. On 2021 November 10th, Bitcoin reached its all-time high of $69,045. I expect Bitcoin to test highs near $70K this year and lows below $29K. That is about a $50K swing by this year which is crazy when you think about BTC swings both ways.
Middle Line
Whenever you want to invest, remember this is a long marathon, so don't just run it as you are running the 100 m but it’s a great way to go and the time it consumes cannot be predicted. There are hard times, it is up to you how you handle these difficult times will make the difference. If any project is offering you high returns, always go in with caution and study well before making a decision.
The trends in 2021 were very clear: the NFTs and gaming coins, meme coins, give a strong performance by Layer 2 protocols. It was a record-breaking year for crypto’s, and we know it's just a start. Investors were wondering: what will the best-performing coin of 2022 be? But it gives a turn round by the end of the year. When we take a five-year chart of Bitcoin it is up by up +3,949% and with a one-year chart, it is up by +22.77%. Bitcoin can continue to appreciate long gains over time.
The calendar year 2022 has not gotten off to a good start for crypto unless you have been buying on the dip. Each year brings challenges such as China's ban on crypto last year. This year we are starting with the Fed wanting to curtail rapid inflation by raising interest rates which always creates some chaos in investment markets and crypto prices have reacted strongly to their hawkish stance. The question still here is whether will the bitcoin price appreciate over time in the future. The White paper of Bitcoin had given an exact number of coins that is limited to 21 million which means the supply is restricted and no more can be created.
Due to these limitations, there will be scarcity and prices will go up. As per a recent survey, about 3.7 million bitcoins are said to be lost due to various reasons and one of the major reasons is lost due to people forgetting their private keys or seed phrases. Day by day bitcoin is gaining global popularity and it has is the highest market cap of $709,215,870,442!
The price will increase because there is limited supply and mass adoption.
The Future of SLP: predictions and opinions
Why SLP is Going to Zero?
SLP's daily production is very high and it exceeds 250 million, while its burn is very little which is barely 34 million. Will this be the end of Axie Infinity's profitability? The Axie Infinity was the most stable play to earn video game between 2020 and 2021.
The Axies- Its cute little characters fight in epic battles is a sophisticated and entertaining gameplay system to collect the Smooth Love Potion (SLP). The economic aspect is at risk.
Best thoughts
The game as an economical project is not fully dead, but it is at a point where it has to adjust itself to stay alive and afloat it need to get the trust of its players. the announcement of v3 is a positive sign. But the burn they prospect is 50% of the total token at that date had to be done.
Will SLP production increase?
There is news spreading saying that SLP starts its reduction in 2024-2025. Based on this forecast, Smooth Love Potion is a profitable long-term investment but they failed to do it on time it will be too late. The structure is still unbalanced there is hope still there are players.
What is happening with Cryptos?
Demand- From 2020 started the whole world was affected badly by covid-19 and crypto replaced the existing portfolios of funds or finding an extra source of income. Even though crypto has shown great potential for making profit people are afraid of the future.
Bans or crackdowns - The year 2021 saw Tesla suspend on accepting Bitcoin as payments in purchasing Tesla cars and bans and crackdowns in Bitcoin mining in China, and China holds 46% in Bitcoin production globally with the crackdowns had allowed east European and African nations to open mining industry and to contribute in producing Bitcoins and other altcoins.
Mass inception - El Salvador is the first country that made Bitcoin a legal tender, and other cryptocurrency coins changed over to peer-to-peer cash. There is also news that Panama will follow too in making Bitcoin legal tender. Out of all countries, Vietnam, India, and Pakistan dominate in doing peer-to-peer transactions using cryptos.
Dues to Bans and Crackdowns the supply will be restricted too fast which can make the asset prices go up.
Golden Crossover -
A golden cross means that an asset's short-term moving average prices crossed the long-term moving average and for Bitcoin, a 30-day moving average over its 6-day moving average is calculated which indicates a golden crossover. With this possibility, a bull run may happen by the end of 2022.
NFT and Metaverse:
The NFT, Defi, and GameFi have turned over to mainstream while Defi had shown signs to be a great alternative to banks in growing money rather parking it in banks Defi will make the money will grow by working it in staking and farming.
A great Bet with Fantom.
The bet: Fantom.
The investors and traders are always on the lookout for eco-friendly energy use, as there is a lot of costs involved, lowest transaction costs, with Dapps built in-chain with super-fast integrations needed for DEXs, NFT market places, etc. For this Fantom has seen incredible growth and BitYard had come up with an FTM-USDT trading pair which will be beneficial for investors. We can see more listing driven by the price action of Fantom and it is the best crypto outlook of 2022 which is 40% below its all-time high.
The Fantom blockchain is one of the surest predictions for growth in 2022. That's the reason why the Vegan Africa Fund launched VAF crypto on-the chain! The investors will grow to be more environmentally conscious now than before that crypto accounts for 0.5% of total energy use worldwide.
The Fantom is a growing community it has a very smooth interface and easy-to-use Dapps. It has only very low gas fees even for NFTs and has the potential to lead Defi which has convinced the investors that Fantom is a profitable requirement in everyone's portfolio.
Bityard Is Growing Or Innovating
The Bityard has to become one the leading digital currency trading platforms in the world having simple transactions, with complex contracts but constantly innovating. The Bityard had added Spot Market and Forex trading along with Contract trading and Derivative Market. Shortly they are planning to have Grid trading too. The added and fore coming features made Bityard an all-in-one trading platform for traders' choice in what market they want to use.
The Banxa partnership helps the traders to purchase any favorite crypto using Visa and Mastercard. The Transactions is easily done using Visa and Mastercard with enough funds and avoiding third parties with lesser transaction cost which is one time.
Bityard is a legit and trusted trading platform with 4 licenses, by which you are in a safer trading platform that abides by trading regulations. With
- Singapore's ACRA,
- USA's MSB
- Estonia's MTR
- AUSTRAC in Australia.
Are you looking for something different or special in a cryptocurrency exchange? Then it is none other than BitYard. It was founded in 2019 in Singapore with BYD as a native token along with 30 listed cryptos and over 80 trading pairs. It extends support to over 150 countries with currency support of USD, EUR, GBP, AUD, CAD, JPY, CHF, and NZD. They run the business with no deposit fees and low transaction fees which run between 0.075% - 0.05% while the withdrawal fee is two USDT. They provide iOS and Android mobile platforms for traders and investors. Their customer support will provide always a support facility when you need it the most. They provide deposits and withdrawals with Bitcoin (BTC), EOS (EOS), Ethereum (ETH), Huobi (HT), Ripple (XRP), Tether (USDT), and Tron (TRX).
Their motto is "BitYard = Simple" as you just need an email and mobile phone number to get started to type “CRYPTOCURRENCY” to get on board. You can grow the platform that is a unique feature.
Copy Trade Facility:
Copy Trade is one of my favorite features that helps you to be successful by copy trading the most successful trader from the whole list of traders. To start you can use the filter to select the "style" of trader.
Demo Account
BitYard provides a Demo Account for its new users. You can learn trading and its various features without risking real funds.
It is free for all and you can easily switch between your demo and live accounts back and forth
Mystery Box
We all love games and mystery and BitYard gives you access to a mystery box that provides free crypto to you for completing certain tasks. It also includes completing your KYC, deposits with Banxa, depositing TRANSAK, or completing a trade spot. Want you to do will bring you free crypto, you may also check out their mining feature.
Other main features
BitYard puts your cryptocurrencies on the platform into a wallet that is free to use. You can refer your friends and earn a 60% commission on trading fees. BitYard's future trading offers Lite Futures which you can settle in USDT and Inverse Perpetual settled in crypto. The new Perpetual Contracts will be settled in USDT which will be added shortly.
BitYard is hosting AMA sessions with the projects which are about to be listed to avoid listing scam coins. The AMA sessions help the trading and investor community to understand the project which also rewards some users who are participating in asking some valid and valuable questions related to the project. This helps the users in protecting their hard-earned money.
If you still haven't tried opening a simple account in Bityard feel free to start one immediately experience the innovative platform and make money safely.
Charity through The Giving Block:
BitYard is distributing money as donations to the needy through The Giving Block crypto donation ecosystem. By writing this article alone they will donate 50K in SHIB to a great cause - thank you BitYard! I want to write more for you.
The Giving Block is an organization that works to find non-profits and organizations and equip them to accept donations as cryptocurrency just to help donors to make funds available where they can donate crypto through their platform. The Giving Block team made this platform for the fastest way of donating keeping in mind Millennials and Gen-Z donors. The Giving Block had found solutions for many non-profits seeking donations in a very fast and easy way. The Giving block presently manages more than 1000+ non-profits organizations where donors can use their preferred cryptocurrency within a short period.
To know more about The Giving Block please follow their social media and website;
https://thegivingblock.com
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The Giving Block will help cryptocurrency's exposure, in general, educate the organization and equip them to accept crypto donations in a very easy way.
