Hold your crpytocurrency,
It's the time to get profit increased
Sep 2,2021
What's news today?
The Bank for International Settlements has begun testing legal digital currency cross-border payments with four central banks, and has reached test cooperation with Australia, Malaysia, Singapore, and South Africa.
This is simply a nightmare for the United States. In the future, all countries will have legal digital currencies and complete value transmission through the blockchain.
The ease of settlement across the U.S. dollar will bring endless troubles to the United States. The current U.S. dollar depends on global use. Just like Ethereum in the blockchain world, no matter what you do, you need to use or burn Ethereum, so Ethereum will rise, the dollar is also the logic, when one day no one use dolloar, US dollar assets will plummet, the U.S. economy will suffer an unprecedented blow, and hyperinflation may happen to Americans.
So before the crypto world really grows up, the United States will do everything to control it and supervise it, which is especially important for rule makers.
The chairman of the US SEC once again reiterated that the 2.1 trillion crypto market is already a truly global asset class. It runs 7*24 hours a day, and a completely decentralized world will bring great risks. Therefore, strong policy supervision is required.
He also contacted the European Parliament to discuss how to protect investors by regulating the crypto market. Protecting investors is a good thing to say.
In fact, it is because the crypto world is beginning to erode the interests of these upper layers. The rapid growth of the crypto world will quickly bring global regulators together. Maybe the global regulatory framework will really be in place.
Although we still can’t see it now, it will become a crossroads in the crypto world. As investors, we must always be alert to risks.
The International Monetary Fund once again issued a warning against El Salvador’s use of Bitcoin as a legal tender.
The number of warnings has been exceeded by what we’ve got, and traditional forces have felt the threat of the new world.
Twitter allows users to use Bitcoin to reward authors. Twitter has begun to support Bitcoin payments in disguise.
The founders of Twitter have always been supporters of the crypto industry. In the future, Twitter will bring users into this market more deeply.
The most troublesome thing now is that cryptocurrency has the highest popularity in the United States. According to Bakkt’s survey, half of American consumers have invested in cryptocurrency, and the other half of 32% are interested in buying cryptocurrency within 6 months.
At the same time, the New York mayor candidate also promised that New York will become the most friendly city for cryptocurrency. In order to win the trust and votes of the people, embracing the crypto industry is also the easiest way for latecomers to rise to the top.
Now that the supervisory level is really difficult enough, we can also see the power and trend of the crypto world from the side, which may never be reversed.
A report from “India Today” stated that Afghans began to buy cryptocurrency to protect their property. After the Taliban took office, many people believed that Afghanistan will see hyperinflation in the future and assets are fleeing Afghanistan.
But will it be a way out? I don’t think so, because the Internet and smartphones in Afghanistan are extremely imperfect, and it is too difficult for ordinary people to access cryptocurrency, so the US dollar is still their first choice.
Franklin Templeton began hiring Bitcoin and Ethereum traders and researchers. Another international super fund is about to enter.
Franklin Templeton manages more than 1.5 trillion US dollars in assets and is the world’s largest listed asset management company. if 1% comes in, which is a huge capital inflow to the currency circle, so it’s really comfortable to lie down.
The survey shows that 77% of Russian investors prefer Bitcoin, and 8.8% of investors believe that gold is the best investment.
Russia’s popularity is also increasing. When people all over the world are involved, it shouldn’t be too difficult for Bitcoin to rise to 1 million yuan.
Crypto analysis today
Bitcoin:
Today it is back above 50,000 again, and a new uptrend is about to begin again. After the market has traded sideways for 2 weeks, the callback is rejected, and the bulls once again dominate.
It’s fine to hold. Maybe we will see 55,000-60000 soon. Bitcoin is now, this range will be a huge test, let’s talk about it when it comes.
The lock-up volume of the Bitcoin anchor currency once again hit a record high, reaching $13.7 billion. This figure will continue to reach new highs along with the development of Defi, and the supply of Bitcoin will also become less and less, which is good for the long-term.
ETH:
Purpose Ethereum ETF has increased its holdings of 5336 Ethereum since July. Although it is not too much, it has been adding firewood to Ethereum. After three consecutive days of rapid growth in the short term, funds began to switch to Bitcoin.
This position itself is also somewhat pressured. It is normal to digest 1-2 days. It is expected that the pie will be stronger than Ethereum in the next few days.
DOT:
Linked with KSM, today KSM started the auction. Affected by this, it continues to rise, with limited continuity.
The next auction will be on September 8. The overall Polkadot will be weaker than KSM. If you have to buy it, it is recommended to engage in KSM first.
XRP:
Linkage rises, there is a chance to hit a new rebound high.
LINK:
Before the rebound, there were shocks near the high.
The strong coins are all new highs, and the weak coins are all close to new highs. It is expected that this round will break through.
ALGO:
El Salvador will launch a government blockchain infrastructure on its public chain.
The overall move is okay, and it can also be included in the scope of attention.
LTC, ETC,IOTA:
hold it.
FAQ
Online crypto exchange platform is the best options for beginners, Coinbase, Kraken, Gemini, bitfinex and Biance as well as other platform are all available to buy and sell cryptocurrency.
Cryptocurrency is from the tech of blockchain, If you put your digital currency into personal wallet, it is safe enough.
However, most of invest people is keen on buying & selling cryptocurrency from platform to get profit, then it depend on the platform you use and how greedy you are during investment.
NTF (Non-fungible token) is more or less the meaning of the unique art or things in digital world, which can’t be replaced with something else.
Defi in digital world is designed to speed up the tranfer. The user is in full control of the money without a trusted third-party. Increased ecosystem transparency and thus price and market efficiency.