Connect with us
  • tg

Cryptocurrency

How the Fed’s decisions affect the crypto market: expert opinions

letizo News

Published

on

Against the background of the key rate increase of the U.S. Federal Reserve in mid-June 2022, the crypto market went into decline. The BeinCrypto editorial board decided to find out how further decisions by the regulator could affect the crypto industry. Experts helped us understand the question

The crypto market adjusts to the Fed

Further increases may be very tough, even by 100 basis points. In his opinion, everyone is afraid of such a decision by the Fed.

The U.S. is failing to cope with inflation. So far they have been successful in destroying the economy and cryptocurrency. This is their goal, to buy up all the depreciated or bankrupt assets afterwards. We saw this approach during the collapse of the Soviet Union and the 2008 crisis. Some say that the Fed is following the same way, and that pseudo-socialism is gradually giving way to capitalism.

Cryptocurrencies are designed to combat this kind of market manipulation. The correlation of the crypto market with the S&P500 and other indices is a great folly on the part of the market and investors who are aligning themselves with the Fed.

Awareness of market behavior may come to its participants along with the recession, the government’s crackdown on billionaire companies and their privatization. At that point, the VTS will disengage from a market that can be so easily manipulated.

The Fed would like to leave the rate at low levels. To its rise, the regulator is forced by the rising rate of inflation. Through the rate, the Fed regulates the cost of borrowing and the speed of circulation of the national currency. When the rate rises, credit becomes more expensive and the rate of circulation of the currency decreases. This causes the economy to cool and inflation to fall.

A side effect of the rate hike is a strengthening of the dollar against a wide range of financial instruments, including cryptocurrencies. Further rate hikes will cause cryptocurrencies to fall in value against the U.S. dollar.

Not everything is within the Fed’s control

There is another opinion. Raising or lowering rates does not affect cryptocurrencies in any way. The reason for the markets to move anywhere can be absolutely any. It all depends on several factors: what cycle is in the market now, how long it has been going on, how big players feel, and so on.

During the last six months, there has been a correlation between the cryptocurrency market and U.S. indices. At the same time, correlation is an extremely unstable thing.

Experts’ opinions on the effect of U.S. Federal Reserve policy on the crypto market are divided. Some believe that the movement of digital assets depends largely on the regulator’s decisions, while others believe that investors should pay attention to a combination of factors. 

Cryptocurrency

Meme Coin Mania: Sealana Dives into Solana Sea While Dogeverse Presale Hits $13M

letizo News

Published

on

The crypto market gained 2.5% on Thursday, hinting at a bullish May.

On the meme coin side of the market, Sealana (SEAL) and Dogeverse (DOGEVERSE) take centre stage. Sealana is a patriotic, overweight American redneck seal striving to trade his way out of his mom’s basement.

The Sealana presale launched to great reception, raising $100,000+ in a flash. The viral Dogeverse presale, on the other hand, has crossed past the $13M milestone.

Chubby Solana Meme Coin Sealana is Trending on Day 1

Sealana (SEAL) is the latest meme coin sensation.

The new Solana meme coin adds a fresh twist to the landscape dominated by dog, cat, frog, and sloth tokens.

Sealana stands out with a humorous narrative featuring a trader seal. The amusing, yet relatable theme is central to the project’s successful launch.

Sealana strategically steps into a bullish May, raising $100,000+ within hours of going live on Day 1. This strong start indicates a turbocharged presale that could end ahead of schedule due to massive traffic.

The community pages on Telegram and Twitter are live now.

The Solana meme coin features a “send-to-wallet” approach alongside a more conventional “Buy Now” widget. The goal is to cater to diverse investor preferences.

Can Sealana Move Out of its Mom’s Basement to Top Meme Coin Ranking?

Sealana’s core strength is its distinctive and relatable narrative. It integrates successful trends like Solana integration and send-to-wallet mechanics, while rooting its originality in the humorous and relatable theme.

The Sealana website introduces the meme coin with a playful description of the chubby seal immersed in Solana’s depths:

“Meet Sealana, the chubby seal who’s taken a deep dive into the Solana Sea. Whaled at his PC and growing by the day, Sealana is so absorbed in the degen market that he’s abandoned the gorgeous figure of his youth for a trader’s diet of chips and tinned tuna. His obsession with finding the next big Solana meme coin keeps his flippers busy and his living room a big fat mess.”

The narrative perfectly captures the essence of traders engulfed in the crypto frenzy.

Sealana resonates with traders who understand the appeal of the chaotic crypto world. As part of community building, the project is expected to post vibrant meme ideas that could go viral.

Strategic Investors Are Unlocking Meme Coin Potential

The meme coin market has proven that it is evergreen.

But the same can’t be said about individual meme coins. They are fleeting in nature. They can pump and dump in a matter of hours.

Even legendary meme coins like Dogecoin and Shiba Inu haven’t been able to reach anywhere close to their all-time highs after the crypto winter of 2021 and 2022.

Many view them as means of quick gains, which carry exponentially higher risks of capital loss. The rising traffic to Sealana and Dogeverse presale is the latest example of this trend.

Sealana attempts to cultivate a dedicated investor community around its quirky theme.

To join the presale, investors can send SOL directly to the designated presale wallet or follow the ‘Buy Now’ widget on the website.

Visit $SEAL Presale

Dogeverse Presale Heats Up, $13M Crossed

Dogeverse (DOGEVERSE) has emerged as one of the hottest meme coins of 2024.

It has generated close to 12,000 Twitter followers in less than a month. The project’s rise to success has been phenomenal.

Regardless of the market downturns, the presale has surged past the $13 million mark.

Dogeverse is breaking new ground in the meme coin market by integrating across major blockchains such as Ethereum, BNB Chain, Polygon, Solana, Avalanche, and Base.

The multichain compatibility enables token swaps for DeFi opportunities and cross-chain functionalities through protocols like Wormhole. This versatility gives the project a wide range of opportunities for utility integration. In addition, it attracts speculative attention across different blockchain communities.

The presale hard cap of Dogeverse is $17M, which means the sell-out is on the horizon. The token’s upcoming listings on both decentralized (DEX) and centralized (CEX) platforms are events to watch out for.

Visit $DOGEVERSE Presale

Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.

Readers are also advised to read CryptoPotato’s full disclaimer.

SPECIAL OFFER (Sponsored)
LIMITED OFFER 2024 for CryptoPotato readers at Bybit: Use this link to register and open a $500 BTC-USDT position on Bybit Exchange for free!
Continue Reading

Cryptocurrency

$SNUKE Presale Reaches 300 $SOL Milestone

letizo News

Published

on

[PRESS RELEASE – Burlignton, United Kingdom, May 2nd, 2024]

$SNUKE, a new meme coin inspired by the humor of the popular TV show “South Park” and based on the Solana blockchain, has recently achieved significant milestones in its presale. These achievements underscore its potential among the array of Solana-based meme coins poised for success.

Users can join The $SNUKE Coin Presale here.

Early Success in the $SNUKE Presale

SNUKE ($SNUKE), a meme coin with a vibrant community backing, has raised over 300 $SOL in the first four days of its 25 day token presale.

The $SNUKE Presale has a total allocation of 600 Million $SNUKE Tokens for early Presale participants.

According to the SNUKE team, the initial progress with both retail investors and prominent Solana stakeholders highlights interest in their community focused approach and transparent fundraising model.

$SNUKE is setting a new standard for fairness in the crypto space with no insider allocation. SNUKE’s team is optimistic that the presale, which commenced on April 25th, will encourage widespread participation by offering every early adopter an opportunity to secure tokens.

$SNUKE Presale: Early Access to 60% of Tokens and Zero Transaction Tax

The $SNUKE Presale allocates 60% of its total supply of 1 Billion #SNUKE Tokens to early adopters. The $SNUKE Token offers a commitment of 0% tax on transactions, with liquidity pool (LP) tokens burnt to ensure security, and the minting function permanently disabled to prevent the creation of new tokens

How to Participate in the $SNUKE Presale

To participate in the $SNUKE Presale, users can follow these simple steps:

  1. Wallet Preparation: Users should ensure they have a compatible Solana wallet, such as Phantom or Solflare, set up for participation.
  2. $SOL Acquisition: Users should acquire $SOL from Binance or Coinbase, considering applicable transaction fees, and then transfer it to their Solana Compatible self-custodial wallet.
  3. Contribution: Users should visit the $SNUKE presale page and adhere to the provided instructions to transfer $SOL to the designated address.
  4. Token Tracking: Users can utilize the user-friendly dashboard to monitor the $SNUKE tokens entitled based on the total $SOL contributed.
  5. Token Receipt: After the presale, $SNUKE tokens will be airdropped to the user’s wallet in proportion to their contribution.

Joining the $SNUKE Community

Joining $SNUKE is an opportunity to be part of a movement set to redefine meme coins on Solana. With growing social media presence and a surge in community engagement, the $SNUKE team sees a great future for $SNUKE in the industry.

Users can stay connected with the $SNUKE community and receive updates or information about partnerships by joining the $SNUKE Telegram group and following us on Twitter.

About $SNUKE

$SNUKE is a pioneering project launched on the Solana blockchain, inspired by the beloved “South Park” series. It blends humor with investment potential, designed to captivate meme lovers and crypto investors alike.

Users can stay updated by following $SNUKE on social media:

Website: https://snuke.wtf

Twitter: https://twitter.com/snukecoin

Telegram: https://t.me/snukecoin

SPECIAL OFFER (Sponsored)
LIMITED OFFER 2024 for CryptoPotato readers at Bybit: Use this link to register and open a $500 BTC-USDT position on Bybit Exchange for free!
Continue Reading

Cryptocurrency

Aave Labs Unveils Major Upgrades and Expansions with Aave V4 Proposal

letizo News

Published

on

Aave Labs, the team behind the DeFi lending platform Aave, has proposed a slew of major upgrades and expansions two years after introducing its V3.

The suggested improvements include Aave V4, Aave Network, a Cross-Chain Liquidity Layer, non-EVM L1 deployments, and a fresh visual identity.

Aave V4

According to the latest blog post, Aave V4 will be built with a brand-new architecture featuring an efficient and modular design while aiming to minimize disruptions to third-party integrators.

The most important architectural change of the latest iteration is the proposed introduction of a Unified Liquidity Layer, which expands on the Portals concept introduced in Aave V3. This layer enables a fully agnostic, independent, and abstracted infrastructure for liquidity provisioning.

It is also proposed to manage supply/draw caps, interest rates, assets, and incentives while enabling other modules to draw liquidity from it. This would allow the Aave DAO to add or remove borrow modules without the need to migrate liquidity.

The main function of this architecture approach is to facilitate the addition or improvement of borrowing features without overhauling the entire system or the liquidation module while simultaneously addressing the issue of fragmented liquidity present in older versions of the protocol.

Aave’s proposal revealed that the liquidity layer is capable of natively supporting both supplied and natively minted assets, thereby improving integration with GHO and other collateralized protocol-native assets. Aave V4 also proposes fully automated interest rates with adjustable slopes and kink points.

Other Proposed Features

‘Smart Accounts’ is yet another feature that has been proposed for introduction in the V4 iteration in a bid to streamline the user experience by addressing a major issue with Aave V3 – eliminating the need for separate wallets to manage positions when borrowing using eMode or isolated assets. Users will be able to create multiple smart accounts within a single wallet, simplifying interactions with the protocol.

The proposal also features a dynamic configuration mechanism per asset, where users are “hooked” to the current configuration of an asset when they borrow. If a new asset configuration is needed, a new instance is created while existing users remain hooked to the previous configuration.

Meanwhile, the company mentioned that they are collaborating with Chainlink to investigate solutions for fully automating risk management. The concept involves utilizing ad-hoc, on-chain feeds to evaluate asset risk and dynamically adjust risk parameters through control theory or artificial intelligence.

SPECIAL OFFER (Sponsored)
LIMITED OFFER 2024 for CryptoPotato readers at Bybit: Use this link to register and open a $500 BTC-USDT position on Bybit Exchange for free!
Continue Reading

Trending

©2021-2024 Letizo All Rights Reserved