Connect with us

Blockchain

Binance CEO Urges Crypto Consumers to ‘Hold On’ Amid ‘Unpredictability’

Avatar

Published

on

The aforementioned people, Changpeng Zhao, CEO of Binance, should invest in cryptocurrencies if they are taking “money that you don’t want for a long time,” because the market is highly volatile amid the FTX fallout.

Binance CEO Changpeng “CZ” Zhao has strongly suggested cash-strapped and inexperienced investors stay away from trading cryptocurrencies amid extreme market volatility and unpredictability.

On November 14, Zhao was asked about something in a Twitter area hosted by Binance, which advised the CEO that inexperienced investors would wait for the tumultuous sum rather than risk the money needed to make ends meet:

Advertisement

“You shouldn’t invest in cryptocurrency if you only use money that you want for the next week or next month, you should only use discretionary money that you don’t want for a long time, maybe like a few years.”

For people with this spare money, Zhao suggested inexperienced investors and traders to convert before deploying capital in the market in the near future:

“If you don’t understand what’s going on, don’t try to guess what’s going to happen. It’s very hard to predict. So we’re going to put up with a lot of high volatility and unpredictability.”

He added, “Unless you’re very experienced, very mature, very mature and could handle the opportunity, I would recommend that people simply reserve this era of your time.”

The sharp rise in market volatility comes because the FTX crisis had a negative impact on the entire business – particularly a variety of centralized exchanges that had to halt withdrawals for a brief period.

Advertisement

But Zhao confirmed that there are no such problems on Binance. Once asked why users should maintain trust within the exchange, he pointed to the company’s balance sheet:

We don’t have loans. We have a tendency to have no debt. We tend not to owe anyone any money. We have a tendency to fail together with off-platform loans. So we tend not to take user assets and give them to a third party to manage and look at for returns.”

Zhao confirmed that Binance is aware of withdrawals in the wake of the FTX collapse alternative| And many other events that lead to a decrease in community confidence in centralized exchanges.

He reiterated that even if Binance folds the platform, it still won’t stop its users from withdrawing their funds.

If everyone withdraws their money from the central exchange, we will simply clean up the central exchange. “We have several profitable alternative businesses that we have,” he said.

Advertisement

Zhao believes that such an occurrence is quite likely as well, noting that now that decentralized finance (DeFi) applications are in place he believes that centralized exchanges can no longer be necessary:

“If we had a way to allow people to hold their own assets in their own custody firmly and simply, 99% of the end population would have it out of the way, centralized exchanges wouldn’t exist or most likely shouldn’t exist, that’s beautiful.”

While the Binance exchange itself is centralized, Zhao emphasized that the company’s investment partners are adopting centralized exchanges and decentralized protocols to provide users with decisions and support entrepreneurs.

“We are technology agnostic. We are not trying to mod everything. We are not trying to bring everyone onto a centralized exchange. If you are OK with using a decentralized exchange, go for it.”

the post Binance CEO Urges Crypto Consumers to ‘Hold On’ Amid ‘Unpredictability’ It debuted in BTC wires.

Advertisement

Source link

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published.

Blockchain

December’s Best New Initial Crypto Offer

Avatar

Published

on

join us cable A channel to stay up to date on breaking news coverage

2022 was a good year for cryptocurrency before selling. And as we get closer to the curtain dropping this year, there’s the best new cryptocurrency offering in December. It’s IMPT, and The greenest cryptocurrency from this year. This crypto quickly captured the attention of the community with its unique approach to trading carbon credits and is now trending on multiple cryptocurrency exchanges.

IMPT Presale Exceeds $13.5 Million Goal

IMPT It proved to be one of the most successful programmes Cryptocurrency pre-sale this year. This environmentally friendly cryptocurrency quickly gained public attention after launch, and began scanning pre-sales quickly. And at the time of writing, this token has raised over $13.5 million. Cryptocurrency is not easy to achieve, given the current bear market conditions.

This highly successful pre-sale ends on December 11, 2022, well ahead of schedule — which has been a common theme with most of the cryptocurrency pre-sales we’ve covered this year.

Advertisement

For the unfamiliar, IMPT (short for IMPACT) is a green cryptocurrency initiative that aims to make sustainable business decisions a part of people’s daily lives. At the center of this ecosystem is a unique marketplace of over 25,000 built-in brands, including Amazon, Microsoft, Samsung and Booking.com. These brands aim to leverage this platform to move toward ESG goals in a meaningful way.

What makes IMPT the best new cryptocurrency premiere this year?

Carbon offsetting has become an important part of an economy that aims to become more sustainable towards its development goals. However, trading traditional carbon credits has two primary issues. One, fraudulent acts such as double selling and over-counting plague them. And second, it’s not all-encompassing – keeping regular people getting to be a part of it.

This is what IMPT aims to fix by offering a one-of-a-kind shopping platform with thousands of ESG brands. These brands can then use IMPT as a platform to sell eco-friendly products to customers, who, in return for interacting with the platform, earn IMPT tokens. After accumulating enough IMPT tokens, people can exchange them for carbon token credits. These carbon credits can then be sold to brands or withdrawn by customers.

Selling carbon credits to brands on board is a good way to make money. But re-credits also have their advantages. The official IMPT white paper states that retired carbon credits will reward customers with NFT artwork.

In addition to offering this two-way benefit, IMPT also uses a portion of the proceeds to promote and make room for ESG activities.

Advertisement

These aspects have allowed IMPT to become one of the Better IEO encryption It will be introduced this year. People have responded to the need for a crypto asset with a robust use case that puts the environment ahead, and IMPT fits the bill.

But in addition to its usefulness, the IMPT token is an ERC-20 token built on the Ethereum blockchain which, after that, became one of the The most sustainable cryptocurrency In the market.

If you still want to know the significance of this event, check out this video from Jacob Crypto Bury, a cryptocurrency trading analyst who has followed IMPT since its inception.

IMPT is coming to three exchanges – starting with Uniswap

IMPT will start trading on DEX, Uniswap, starting December 14th. After being listed on the decentralized exchange, IMPT will land on LBank and Changelly.

Advertisement

IMPT is coming to Uniswap

LBank has quickly become one of the largest centralized cryptocurrency exchanges thanks to its appreciation of new cryptocurrencies with unique use cases. On the other hand, Changelly Pro is preferred by the cryptocurrency community who want to swap cryptocurrencies without any KYC burdens.

Early movers must rush towards this closed window

With the last pre-sale closing date approaching, early movers only have one day over a week to invest. In order to buy, investors must visit the official website and link their crypto wallets with USDT or ETH.

However, IMPT chooses to be all-encompassing. People who venture into the field of cryptocurrencies for the first time can also purchase them using credit or debit cards.

IMPT launched in early October 2022 at $0.018 per cryptocurrency. The token’s unique use case and ESG-centric approach quickly cleared the first stage of the pre-sale. At the time of writing, investors can buy this token at $0.023.

The original intent for this project was to sell out before January 31st. However, the public reaction and faster than expected development of the IMPT app prompted the founders to launch it on the exchanges early.

As a result, the remaining pre-sale tokens will be burned, and the sold tokens will be locked for 12 months.

Advertisement

Will IMPT be the biggest cryptocurrency of 2023?

The success of the IMPT pre-launch made people believe that IMPT might be the best crypto investment for 2023. And according to many experts, this may be true.

Blockchain technology has solutions to most of the modern problems the world faces today, and environmental issues are no different. However, it is the first project that has been very optimistic about making green contributions to inclusion. Not only does it try to put ESG brands and people on the same page, but it does so in a way that benefits both parties.

While its performance on trading charts is still unknown, if experts are to be believed, it could reach 20-fold or more by 2023.

You can access these potential earnings by participating in the pre-view by visiting impt.io.

Related articles

  1. Green cryptocurrency
  2. The best cryptocurrency ICOs
  3. The new IMPT cryptocurrency pre-sale ends December 11 – invest today
Advertisement
Better IMPT Encoder
  • The early stage pre-sale is now live
  • Professional Doxxed Team
  • Use cases in industry – carbon footprint offset

Better IMPT Encoder


join us cable A channel to stay up to date on breaking news coverage



Source link

Advertisement
Continue Reading

Blockchain

DOT/USD is making a steady bullish recovery

Avatar

Published

on

join us cable A channel to stay up to date on breaking news coverage

Polkadot price is making a smooth and steady recovery to the upside, after it declined near the $5.00 mark. Furthermore, market signals seem to reveal that this move may have found strength to move above the $6.00 level.

Polkadot Analysis Stats Data:
DOT value now: $5.61
DOT market cap: $6.45 billion
Polkadot mobile show: 1.15 billion
Total supply from the Ministry of Transportation: 1.26 billion
Polkadot Coinmarketcap rating: #11

Key price levels:
Highest: $5.61, $5.80, $6.20
Floor: $5.30, $5.00, $4.70

Advertisement

Polkadot Price Prediction Today December 3, 2022: DOT/USD Needs Contribution of Bulls

DOT / USD At the moment, it is recovering steadily, as seen by the price action on the daily chart. During this continuous session, the price activity consists of a significant amount of buying. Thus, this brings the price above the middle boundary of the Bollinger Band. Also, the MACD curves can be seen rising smoothly towards the 0.00 line after it had performed a bullish crossover. However, more buying is still needed, to develop the current price action significantly. This is said to have happened when the price action found support above the middle band of the Bollinger Band. Ultimately, this could lead to a price move near the $6.00 mark.

Polkadot Price Forecast Today, December 3, 2022: DOT/USD Makes a Steady Bullish Rebound

Polkadot Price Prediction Today Dec 3, 2022: DOT/BTC Needs More Push

The price action in the DOT/BTC market looks less than impressive. This is depicted by the fact that the current price has not made it above the moving average line. The last price candle here pushed the price to the Bollinger band level. However, in the current session, the tailwind effect is very clear. This can be seen as the price candle looks huge. However, the MACD curves are getting close to each other to crossover. Therefore, for traders to see more upside, more upside is needed in the price action. If all the market factors here can continue to align in favor of the upside for a little while longer, the price will move further towards the 0.0003400 mark.

Overall, we can say that Polkadot is only making small gains at the moment. However, for traders to make a good profit from the market, there is a need for significant price movements to occur. Thus, this is where the effect symbol is IMPT This comes. This is a cipher that allows its users to contribute to making our environment greener and more sustainable. Interestingly, this token is in pre-sale and has raised $13.5 million. The amount raised through the pre-sale reveals that this token is selling fast, and this is a great opportunity for you to invest in this project.

Likewise, the Dash 2 Trading (a unified analytics platform that helps users get ahead of the market intelligence) conducts a pre-view of its token. This cryptocurrency has raised nearly $8 million through ongoing pre-sales. D2T’s features aim to improve users’ trading experience. In addition, the team members are on board, and Dash 2 Trade will soon launch its own demo dashboard.

Related:

Dash 2 Tadawul – High Potential Pre-Selling

Advertisement

Dash 2 Trading
  • Active pre-sale is live now – dash2trade.com
  • The original code for the crypto signals ecosystem
  • Know Your Customer verified and reviewed

Dash 2 Trading


join us cable A channel to stay up to date on breaking news coverage

Advertisement

Source link

Continue Reading

Blockchain

LBLOCK V1 is looking to top the $0.0001800 price level

Avatar

Published

on

join us cable A channel to stay up to date on breaking news coverage

Lucky Block V1 price is witnessing the influence of bullish forces and this has pushed its price near the $0.0001800 mark recently. However, a headwind later blew in, causing some minor setbacks. However, LBLOCK V1 seems to have found new strength, and with it this crypto seems focused on breaking $0.0001800.

LBLOCK V1: November 3, 2022
LBLOCK V1 Price: $0.0001716,000
Lucky Block V1 Market Cap: $7.01 Million
Streaming view LBLOCK V1: 40.77 billion
Total supply LBLOCK V1: 99.6 billion
Lucky Block V1 Rank on Coinmarketcap: #4890

Main price tag:
Resistance: $0.0001716, $0.0001756, $0.0001796
Material: $0.0001680, $0.0001660, $0.0001630

Advertisement

LBLOCK V1 PRICE FORECAST: Lucky Block V1 is set to Ascending

On the 4-hour chart of LBLOCK v1, it seems that the price is ready to move up significantly. This can be seen as the fast and slow Guppy MMA lines are now converging to cross below a bullish price candle. Also, the MACD lines are now out of balance. Moreover, these lines do not move sharply downward, but sideways. Thus, as the ongoing session continues to remain in the hands of buyers, we may see a significant rally in prices.

Lucky Block V1 Price Prediction: LBLOCK V1 Eyes Top $0.0001800 Price Level

LBLOCK V1 Price Prediction: Looks like the Lucky BLOCK V1 Uptrend has started

Upon reaching the lower time frame of the 1-hour LBLOCK V1, it can be seen that the price indicators seem to reveal that we may be at the beginning of a significant price increase. The last price candle here continues to indicate that buying is still going on. Also, the Guppy Multiple Moving Average curves have now converged below the current price level. Also, the MACD lines are below the 0.00 level but are now moving upwards. Thus, buyers can now gain more bullish buying confidence, and this could lead to Lucky Block price rising above $0.0001800.

It looks like this market is poised to make some promising moves, just like the impact token IMPT. This is a cipher that allows its users to contribute to making our environment greener and more sustainable. Interestingly, this token is in pre-sale and has raised $13.5 million. The amount raised through the pre-sale reveals that this token is selling fast, and this is a great opportunity for you to invest in this project.

Likewise, the Dash 2 Trading (a unified analytics platform that helps users get ahead of the market intelligence) conducts a pre-view of its token. This cryptocurrency has raised nearly $8 million through ongoing pre-sales. D2T’s features aim to improve users’ trading experience. In addition, the team members are on board, and Dash 2 Trade will soon launch its own demo dashboard.

You can purchase Lucky Block here. Buy LBLOCK

Advertisement

Related:

Dash 2 Tadawul – High Potential Pre-Selling

Dash 2 Trading
  • Active pre-sale is live now – dash2trade.com
  • The original code for the crypto signals ecosystem
  • Know Your Customer verified and reviewed

Dash 2 Trading


Advertisement

join us cable A channel to stay up to date on breaking news coverage

Source link

Continue Reading
Advertisement

Trending