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The post Cryptocurrency & Stocks Underperform! How Will MAY Month Be For the Crypto Industry appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide Just a day before the start of May, bitcoin has declined from its $40,000 mark hovering around $38,000 along with tracking losses in stocks. Even the alternative cryptocurrencies or altcoins have gone undeformed which has worried the traders. For instance, Ethereum (ETH) has lost more than 3% on the 24hrs chart when set aside by Bitcoin’s loss of more than 2% during the same period. On the other hand, the S&P 500 has also declined where it is expected to trade on the track of its worst start to a year since 1942. Meanwhile, the gold prices seem to be under control holding on to a 6% surge over the past six months. Bitcoin Price Action So Far In The Year 2022 When we compare Bitcoins price with that of S&P 500 and gold, the flagship currency’s performance looks quite disappointing for the year...

The post Coinmarketcap Calls XRP an Imposter Cryptocurrency, Enraging the Ripple Community appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide XRP has been in a gloomy April, with the price presently down 23.5 percent. XRP has declined in nine out of ten sessions to test support at $0.60, after briefly reaching resistance at $0.80 in mid-April. While the larger crypto market has suffered this month, news about the Ripple v SEC case has dragged on XRP, with some analysts predicting a Ripple defeat. Extensions haven’t helped, and the SEC hasn’t been able to finish the case on time. Who is the Imposter? The market data aggregator CoinMarketCap (CMC) was at the focus of a controversy today after tweeting that Ripple’s XRP was not a true cryptocurrency. CMC has posted a screenshot of a game in which participants had to discover the imposter among digital assets such as Bitcoin, BNB, Ethereum, XRP, and others. While the contentious post has since been r...

The post Everything You Need To Know About Swapin Accounting Crypto Processing Solutions appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide The name Swapin has become synonymous with speedy and straightforward crypto-to-fiat payment solutions designed for businesses and individuals. After a rebranding from the name Pixxpay, Swapin is ready for its next level of growth and has released its updated roadmap with plenty of exciting additions on the way. For those that don’t already know what Swapin has to offer, we have put together this guide – useful for both businesses and consumers – to understand how to get the most out of Swapin’s innovative crypto-to-fiat solutions. We will also provide an update on the latest company news and talk about what is coming next for the ambitious team behind the brand. Existing Swapin Solutions  Swapin was founded on the fact that there was no bridge connecting the world of traditional finance to the world of cr...

The post How Will Crypto-Market React To the Next FOMC Meeting Held On May 3rd & 4th? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide The global market revolves around the events like interest rate decisions, monetary policy statements, and press conferences that are associated with the Federal Open Market Committee (FOMC). These events have a huge impact on assets like USD currency pairs, gold, oil including Bitcoin which usually react to the actions taken by FOMC. Any changes in monetary policies will influence the financial market through the monetary transmission mechanism and the expectations that are set by FOMC will have an impact on asset price. So, when the interest rate is reduced or any unusual policies are implemented, investors are forced to move away from bonds or any other interest-rate linked instruments and hop onto accumulating stocks, gold, or Bitcoin to curb higher returns. Hence creating a great demand for stocks, gold ...

The post What’s the Secret to PLC Ultima’s Skyrocketing Growth? Company Founder & Crypto Visionary Alex Reinhardt Explains appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide PLC Ultima, aka PLCU , launched in December 2021, valued at $0.10. Today, a little more than a 5 month, the PLCU coin is valued at more than $100,000, has a community of more than one million and is used in more than 120 countries around the globe. So, how did a relatively new coin like PLCU become valued at more than twice that of Bitcoin in such a short period? We caught up with PLC Ultima’s founder, Alex Reinhardt, to ask him this question and discover why people are flocking to his coin instead of the thousands of other coins on the market. Q1: What makes your coin different, and how has it become such an overnight success? Good to be here, and thank you for the question. First, I’d like to say that PLC Ultima was founded through more than five years of experience, so I...

The post A Deep Dive Inside The Metaverse appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide What exactly is the metaverse? “Metaverse” is now a big term in the realms of technology, business, and finance, and its meaning, like all buzzwords, is hazy, debated, and molded by the objectives of those who use it. One thing is certain: Neal Stephenson created the phrase in his 1992 book Snow Crash to describe a virtual world in widespread usage in his envisioned future, a 21st-century dystopia.  The metaverse is a virtual-reality universe presented in Snow Crash as a planet-encircling market where virtual real estate can be purchased and sold, and where VR goggle-wearing users inhabit 3D avatars of their own design. These three aspects — a VR interface, digital ownership, and avatars — are still significant in modern metaverse concepts. However, none of these are necessary to the concept. In basic terms, the metaverse is defined as an aesthetical...

The post Newly Minted Altcoins Recorded Extremely Underwhelming Returns – Report appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide The price of Bitcoin (BTC) has stabilized at around $40K, the middle of a three-month price range. The cryptocurrency is expected to drop 15% this month, however other analysts predict a temporary relief rally, similar to what happened in late February and early March. On Friday, most cryptocurrencies were mixed, showing traders’ skepticism. Ethereum (ETH) , the second-largest cryptocurrency by market capitalization, is likewise trading at the $3000 middle of its three-month price range. So far this month, ETH has dropped 13%, compared to an 11% decline in Solana’s SOL token and a 4% drop in DOGE. Newly Minted Altcoin Fail To Perform According to a recent study conducted by Jump Crypto , the vast majority of newly minted coins have underperformed Bitcoin over the past year. Bitcoin is the world’s largest cryptocurrency...

The post Dacxi Chain Review: How To Right The Global Imbalance In The Emergence Of Tech Innovations appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide Dacxi Chain Review: How to right the global imbalance in the emergence of tech innovations In the introduction to Jared Diamond’s famous book ‘Guns, Germs, and Steel’, he recounts walking along a beach in Papua New Guinea with a local man who had been helping him with his ornithological studies. The man said to him, ‘Why is it that Europeans have established themselves here, and not the other way around?’ That question inspired Diamond to devote the next five years of his life to finding an answer. The result was his book. The question he sought to answer was why – despite the fact that there is no difference in their intelligence – are there Europeans in every corner of the world, but not Papuans? He concluded that it’s all to do with climate, geography, and the type of animals that happened ...

The post Top New Crypto Tokens – Best Cryptocurrencies in 2022 appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide Whether we like it or not, the crypto world has changed significantly. It’s not just about market caps and price changes anymore. Unfortunately, due to many scams and rug pulls, investors are hesitant about dropping money on just about any new cryptocurrencies. Instead, they want a project with a purpose, a long-term investment that’ll enrich their portfolio for years to come.  And it just so happens that 2022 brought us many strong crypto coins. So, our team took a good look at several dozen of the most popular ones, all intending to find the best coins to invest in.  Of course, our goal was to find the best crypto-token, but don’t worry – you’ll have seven stellar options to choose from. Let’s see them!  Top New Crypto Tokens Top cryptocurrencies come in many shapes and forms, but the following coins are head and should...

The post This is Why Bitcoin Is Set To Transcend Nasdaq By 2023 appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide In the last couple of days, Bitcoin has seen a massive downtrend bottoming at $38,000, and then the flagship currency formed a base above $38,000 before starting a recovery phase. Bitcoin even managed to break the $38,400 and $38,500 resistance zone.  However, the currency has slightly slipped below $38,500 and is now trading at $38,405 with a surge of 1.72% over the last 24hrs and is down by more than 5% in the last seven days. The world’s first crypto by market cap needs to surge above $39,600 to conquer the $40,000 level. Bitcoin To Outperform Nasdaq Benjamin Cowen, a well-known crypto analyst, and strategist is of the opinion that for a few months the connection between tech stocks and Bitcoin (BTC) is surprisingly positive In a recent video, Benjamin is seen advising his 729,000 YouTube subscribers that Bitcoin is currently b...

The post Messier.Art’s $MSR Token Brings Advanced, Value-Added Features To Network Participants appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide The $MSR token will be a central component of the Messier.Art platform and it will power a wide range of features, services, and user-focused benefits. Messier.Art is a purpose-built NFT trading, staking, and collaboration hub for digital artists and collectors. It is an integrated ecosystem that comes with cutting-edge services and features that are designed to facilitate, improve, and streamline NFT trade, creation, collection, and investment. Messier.Art will be powered by the $MSR token, which can be used for everything from generating yield from NFTs, profit sharing via a community DAO wallet, and sending and receiving tokens (including airdrops), to generating passive earnings (yield farming) via staking of the $MSR token in liquidity pools. The Messier.Art team has shared the following developmen...

The post Why Ethereum Whales are Flocking Towards Sandbox’s $SAND Token? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide SAND, the Sandbox metaverse’s native token, has seen a significant increase in Whale buying in the last 24 hours. The Sandbox recently announced a collaboration with Standard Chartered Bank (Hong Kong) to provide an innovative virtual world experience for users. Standard Chartered joins a growing list of non-web3 corporations using Sandbox to enter the metaverse . However, in the previous 24 hours, the Sandbox token has dropped 6%, mirroring a broader slump in the crypto market.  SAND Whale Accumulations Spikes At the time of publication, the SAND token was trading at an average price of $2.54. Despite the recent developments, the SAND Price has lost nearly 14% in the last week. The biggest ETH whales have pounced on this price drop. In the last 24 hours, many Ethereum whales have added approximately $17 million in SAND...

The post Top ETH Whales Accumulating SHIB, APE, MANA, Amidst Crypto BloodBath Says On-Chain Data appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide Since the start of April, the cryptocurrency market has been punched by a bearish trend as over the last 30 days the market has not seen any stability. Even today the crypto market is trading red as the flagship currency Bitcoin is trading below $40,000 positioned at $38,978 at the time of writing. Ethereum Whales Gear up According to the recent data, the biggest Ethereum (ETH) has been piling up the meme coin Shiba Inu (SHIB), the infancy currency ApeCoin (APE), and two other metaverse tokens. The WhaleStats data shows the investment approach of the 100 wealthiest non-exchange Ethereum addresses. WhaleStats, the digital asset whale tracking website reveals that over the last 24hrs, the trading volume among the crypto investors has positioned The Sandbox (SAND) in fifth place with 115,191 traded for a ...

The post Enjin, OKX Blockdream Ventures Lead Investment Round As GamePad.co Raises $2.5 Million appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide Gamepad.co , a revolutionary decentralized accelerator for blockchain games and metaverse, is excited to announce the completion of a $2.5 million seed round. The funding round was led by two prominent venture capitalists and investors, Enjin and OKX Blockdream Ventures, who are more than delighted to be working with Gamepad. Enjin and OKX Blockdream Ventures have invested heavily in the NFT and crypto sectors, supporting various DeFi projects with prospects. As a lead investor with a passion for promoting prospective blockchain projects and sustaining the industry’s development, Enjin and OKX are dedicated to bootstrapping metaverse and crypto projects, helping them launch into the mainstream. The teams support the development of projects in the blockchain space to achieve decentralization. With the...

The post On-Chain Data Hints Spike in #BuyTheDip Interest As The Cryptocurreny Market Tumbles Again appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide Cryptocurrencies were trading in red early on April 27 as the global crypto market cap fell 5.64 percent to $1.76 trillion over the previous day. Over the last two days, the flagship cryptocurrency, Bitcoin, has hovered below $40,000. Altcoins have been pushed below crucial support levels as a result of the broader market slump.  Dogecoin (DOGE), which jumped 30% on Tuesday following Elon Musk’s purchase of Twitter, has now dropped 12% and is no longer among the top ten cryptos.  However, according to popular crypto researcher Lark Davis , BTC may find support at current levels. On the weekly charts, Bitcoin is already down 10%, while on the monthly charts, it has corrected by more than 20%. Bitcoin’s movements are highly correlated with those of the S&P 500, making it subject to mar...