3 cryptocurrencies you should invest in this August to cash in on the market rebound

3 cryptocurrencies you should invest in this August to cash in on the market rebound

Bitcoin and the cryptocurrency market bounced back strongly in July after a severe correction during the second quarter. Bitcoin increased in value by 17%, its highest monthly performance since October 2021, according to a CryptoRank Platform tweet on August 1.

The July climb indicates that the market is starting the new month on a positive footing after maintaining its crucial levels to sit above the important $1 trillion market cap in the opening few days.

 

 

In light of that, investors are coming back to the market as the path of recovery continues. Below are three coins to invest in, in August, in order to cash in on the rebound.

 

1. Ethereum 

Ether, the second largest cryptocurrency based on market capitalisation has enjoyed a rally recently, thanks to the announcement of its upcoming ‘Merge’.

And now, the community is starting August on a positive note as plans are now in place for the Goerli Merge to occur on Aug 11, the final testnet merge prior to transitioning to a proof-of-stake (PoS) blockchain.

The Merge is expected to push Ether to new heights

The Merge is a massive step for Ethereum and the community and that is the reason to bet on it in August. It keeps showing great strength of bullish movement as the anticipated merge gets closer.

Ethereum is currently trading at $1,730 but a break of this region would send Ethereum’s price to $2,400 and even higher if the bulls and sentiments of the market stay strong ahead of the Merge.

It should definitely be on the list of your coins to invest in August.

 

2. Kava

Kava is an extremely fast layer one blockchain that combines the Ethereum and Cosmos ecosystem into a single, scalable network. The ecosystem has seen groundbreaking developments which bode a positive movement for its native token.

On August 31, Kava 11 is set to launch and it is expected to greatly increase the total value locked in the platform. The main features of the upgrade will include: KAVA liquid staking, KAVA earns – a yield aggregator, MetaMask support for all KAVA transactions and Protocol owned liquidity.

Kava 11 is set to launch on August 31

The sentiment in the KAVA community has been positive and there seems to be an air of excitement which means it should be on your list of coins to invest in.

BigONE Exchange’s chair Anndy Lian explained to Capital.com that Kava’s function to lend and borrow assets using a number of cryptocurrencies as collateral still serves as a big plus for the platform.

“The slide in the price recently is due to the overall market conditions. Some investors may see steeper plunges due to the performances of their collateralised assets. In my humble opinion, there is nothing to be worried about at this point, their codes are sound and their treasury is still holding up well.”

In the build-up to the upgrade scheduled for late in August, the native token is expected to trade around $5, over 100% of its current market price of $2.18.

Consider having it in your list of coins to invest in.

 

3. Monero

Monero is a secure and confidential blockchain that focuses on providing complete privacy for its users with $XMR as its native token.

The network will undergo a network upgrade on Aug 13 which will introduce various new features, such as an upgrade in Bulletproofs algorithm and a ring-size increase from 11 to 16.

One key reason $XMR is one of the coins with potential in August 2022 is its rapid growth rate. This will eventually boost the adoption of the Monero network, pushing the price of $XMR to new highs.

Monero network will undergo an upgrade on August 13

The token has enjoyed a decent rally in the last 30 days by moving from around $117 to its current price of $166. If it breaks out from that region which is very likely due to the hype surrounding its new features, the price would be expected to increase towards the $200 mark.

Monero($XMR) should be on your list of coins to invest in!

 

 

Are there other cryptocurrencies you believe ought to make the list? Please suggest in the comment box.

 

Original Source: https://technext.ng/2022/08/08/here-are-3-coins-to-invest-in-august/

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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Crypto Crash: Is it the end and what should retail investors do?

Crypto Crash: Is it the end and what should retail investors do?

The Crypto market is in tatters.  The global cryptocurrency market cap moved up to the $961 billion mark, rising about 3 per cent in the last 24 hours. Several big players in the cryptocurrency markets have had difficulties, and further declines could force other crypto investors to sell out.

Rajeev who is kind enough to host me and brought up the following topics.
a) How long this bear market or correction go?
b) How to save your crypto capital now
c) Who / which exchanges could be next to fall?
d) Should you buy the crypto dip?
e) Staking, stablecoins

00:00:00 Introduction
00:00:59 What lead to the bear market in Crypto.
00:02:16 The worst is not yet over for Crypto markets
00:04:38 What exchanges can fall next?
00:08:10 How should retail investors save their capital? Buy a cold wallet and withdraw from the exchange?
00:09:14 Could Binance be under threat?
00:10:26 Does the current bear market affect the long-term bullish thesis of Crypto?
00:12:55 How to use spare cash when crypto prices are low? What are possibly good coins?
00:20:35 View on Luna? Why did Luna fail and why Anndy was one of Luna’s skeptics?
00:23:33 Are stablecoins here to stay?
00:27:09 What should retail investors do in this scenario?
00:29:19 Should investors stake their coins now?
00:32:15 Investors should be careful of crypto influencers!
00:34:50 Thank you

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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How Significant Is Instagram’s NFT Launch? What are the things you should look out for?

How Significant Is Instagram’s NFT Launch? What are the things you should look out for?

Earlier this month the head of Instagram, Adam Mosseri, announced that he will start beta testing NFT functions with a small group of users in the US.  Mosseri also confirmed there will be no fees for posting or sharing NFTs on Instagram.  Any NFT digital collectibles shared in Instagram will appear as tagged photos or profiles, and when clicked, you will be able to view creator and artwork details.  Instagram supports the display of NFTs created on the Ethereum and Polygon as well as on Flow and Solana in the future.  It will also support the use of third-party encrypted wallets such as Rainbow, MetaMask and Trust Wallet, with support for more crypto wallets planned in the future.

 

Source: see Tweet from May 9, 2002

Creators and developers participating in the beta can now share the NFTs they make or buy.  Users can share these NFTs in their feeds, stories, or messages.  According to Mosseri, only a few people currently have access to Instagram’s NFT beta test, which is designed to be able to gain important data feedback from the initial test and learn how to best integrate the buying and selling of these digital collectibles. While more NFT-related features will be rolled out in the future I believe that Instagram’s NFT rollout may be part of Instagram’s parent company Meta’s metaverse project, involving a deeper interaction in the future. As Mosseri tweeted a few days after the NFT announcement: “Power is shifting. Over the next 10 years, we are going to see a shift in power away from platforms and towards creators. There’s a lot we all can and should do to lean into that shift.”

 

What is the purpose of Instagram’s move?

I believe that the creator economy is very important for Instagram in the current market. While many creators in social media already have a variety of different ways to make money, many of them are unpredictable and dependent on the platform they use.  Therefore, there is a strong case to believe that Instagram will be able to attract creators to form a community. “I want to acknowledge upfront that NFTs and blockchain technologies are all about distributing trust and distributing power,” Mosseri admitted. “But Instagram is fundamentally a centralized platform, so there’s a tension there. One of the reasons why we’re starting small is we want to make sure that we can learn from the community. We want to make sure that we work out how to embrace those tenets of distributed trust and distributed power, despite the fact that we are, yes, a centralized platform.”

In the metaverse, people will buy, use NFTs for a variety of purposes, and share their experiences. Meta decided to start with NFTs because NFTs are an important link in the metaverse economy. I believe that since Facebook changed its name to Meta, they have been exploring a wider range of web3 technologies, and aim that through using these technologies, creation costs will be reduced, and the experience would be better. Meta CEO Mark Zuckerberg confirmed that similar functionality will soon be available on Facebook and possibly other Meta apps in the future.  Zuckerberg added that Meta will work on augmented reality NFTs, or 3D NFTs.

In my view, Instagram’s foray into NFTs has been planned for quite a while. In 2021, Instagram hosted Creators Week, an invite-only virtual summit that Instagram describes in its invitations as a “private event for NFT creators.”  It’s also worth noting that Instagram’s NFT beta program launched not long after Twitter enabled NFT profile pictures for its premium users.  That said, Instagram and Twitter are not the only big tech companies entering the NFT space. Susan Wojcicki, CEO of YouTube, said it may start using web3 technologies including NFTs in the near future to help YouTube creators monetize their work: “We’re always focused on expanding the YouTube ecosystem to help creators capitalize on emerging technologies, including things like NFTs, while continuing to strengthen and enhance the experiences creators and fans have on YouTube,” she confirmed in a letter published in January.

In the light of the developments, industry experts are all optimistic of Instagram’s moves on NFT. “I think Instagram can help users to understand NFT better. They are also indirectly introducing new users to the cryptocurrency space. Overall, this is a positive move and I hope more companies can do the same.” Jenny Zheng, Business Development lead at Bybit NFT Marketplace commented.

Anndy Lian, thought leader and Chairman at BigONE exchange said: “While Instagram isn’t the first social app to experiment with NFTs, the sheer size of its one billion (monthly active) user base gives it its biggest reach versus its competitors, which means that the addition of web3 technology it could potentially engage a whole new group of users.  And with Meta’s Facebook expected to add similar features in the near future, Meta will have a huge NFT presence in the social media space. I know Instagram can create more sparks in the NFT space. I am so looking forward.”

It is also worth noting that as the value of NFTs has fallen significantly since last year, so the number of users interested in the feature may be lower than expected.  As a striking example of this slowdown, on May 4, the Coinbase NFT marketplace opened, but since then only just over four thousand people have bought an NFT. So it remains to be seen whether Instagram and Facebook can turn things around and rekindle significant user enthusiasm for NFTs.

 

Original Source: https://www.benzinga.com/22/06/27870761/how-significant-is-instagrams-nft-launch-what-are-the-things-you-should-look-out-for

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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