Crypto Rapport

The value of cryptocurrencies is driven by a combination of factors, and it’s important to understand that these factors can be interrelated and highly dynamic.Here are the key drivers of cryptocurrency value:1. Supply and Demand: Like any other asset, the basic law of supply and demand plays a significant role. If there’s a high demand for a particular cryptocurrency and the supply is limited, its price tends to rise.2. Utility and Use Cases: The utility of a cryptocurrency within its ecosystem or broader applications can influence its value. Cryptocurrencies that have real-world use cases, such as facilitating transactions, powering smart contracts, or enabling decentralized finance (DeFi) applications, tend to have higher value.3. Adoption and Acceptance: Widespread adoption and acceptance by businesses, individuals, and institutions can boost a cryptocurrency’s value. When more people and companies use a cryptocurrency for various purposes, it becomes more valuable.4. Market Sentiment: Investor sentiment can have a significant impact. Positive news, partnerships, or developments can drive up prices, while negative news or security breaches can lead to declines, citing the circumstances which led to the collapse of FTX, greatly affected the trust of institutional investors and crypto enthusiasts in crypto investment.5. Regulatory Environment: Government regulations and policies can affect the value of cryptocurrencies. Clear and favorable regulations can encourage investment, while uncertainty or restrictive regulations can have the opposite effect. Citing strict US regulatory compliance on Binance has impacted its operations to serve a larger audience in the US market.6. Technology and Innovation: Technological advancements, upgrades, or improvements to the underlying blockchain technology can enhance a cryptocurrency’s value. Investors often pay attention to technological developments when evaluating the potential of a cryptocurrency. Example is the Ethereum upgrade to Etheruem Shanghai/Shapella upgrade (Ethereum 2.0) simply moving from an energy-intensive prove-of-work to prove-of-stake algorithm.7. Market Liquidity: Liquidity, measured by trading volume, is crucial for price stability. Cryptocurrencies with higher liquidity tend to have smaller price fluctuations.8. Speculation: Speculative trading and market psychology play a significant role. Fear of Missing Out (FOMO) and Fear, Uncertainty, Doubt (FUD) can lead to rapid price movements.9. Global Economic Factors: Economic conditions, inflation, and macroeconomic events can influence investor behavior. Some investors turn to cryptocurrencies as a store of value or hedge against economic uncertainty.The US federal reserve board (chaired Jerome Powell) while conducting, tightening monetary policy and maintaining its 2% inflation target is impacting the inflow of ‘excess’ funds diverted into cryptocurrencies investment at the moment from individual and institutional investors but regardless strong believers in value and future of cryptocurrencies, examples are BlackRock and MicroStrategy are accumulating Bitcoin in the bear market.With all hopes towards the next Bitcoin halving event in 2024 and bull run in 2025, there’s glimpse of hope for the future prices and value of cryptocurrencies.It’s important to note that cryptocurrency markets are highly volatile and speculative. Prices can be influenced by a complex interplay of these factors, and they can change rapidly. Consequently, investing in cryptocurrencies carries significant risk, and it’s important to do thorough research, diversify your investment portfolio, and consider your risk tolerance before investing.Follow for more tips and updates!#BTC #ETH #BNB

Memecoin is native ecosystem token of Memeland. Memeland is the web3 venture studio by 9GAG, the globally popular meme platform.You can earn free Memecoin on Binance by staking your FDUSD, TUSD and BNB into respective pools.In simple terms, by simply having TUSD, FDUSD and or BNB in your Binance account, you can earn free Memecoin right now by way of ‘farming’ on Binance Launchpool for the next 30days.Farming Period: 2023-10-28 00:00 (UTC) to 2023-11-26 23:59 (UTC).Follow for more cryptocurrency news and update!#TUSD #FDUSD #BNB

Updates like this makes me happy regardless of time of day. Investment portfolio gradually rising and it’s some good news especially with the Bitcoin halving countdown coming up early next year, 2024.For those trying to ‘catch the night bus’ in crypto, be careful of fear of missing out (FOMO), I expect a sharp correction soon.Let’s build together. Follow for more updates and related content.#BTC #ETH #BNB

Brief on Neutron (NTRN)Neutron is a permissionless smart-contract platform built with Tendermint and Cosmos SDK. It is projected to make the development of cross-chain applications easier and more profitable. Through interchain security, Neutron provides developers with the full Proof-of-Stake security of the Cosmos Hub, one of the ten most secure blockchains in existence, at a fraction of the cost of running an appchain.Neutron allows developers to easily build cross-chain applications over Inter-Blockchain Communication Protocol (IBC)Neutron provides convenient interfaces that smart-contracts can use to execute and track transactions on remote blockchains, trigger callback and retrieve data trustlessly.Neutron, According to data provided has a maximum supply of 1billion and currently trading at $0.3240Earn free Neutron on Binance LaunchpoolBinance introduce new cryptocurrencies through it’s Launchpad and Launchpool.Presently, Binance announce the 38th project on Binance Launchpool - Neutron (NTRN)You can Farm Neutron for free on Binance Launchpool with BNB, FDUSD, TUSD in your portfolio from 10/October/2023 - 30/October/2023.Follow for more creative contents and update !!!#NTRN #Binance

Optimism(OP) will unlock tokens worth $30 million on 30 September 2023.OP will unlock 3% of its locked supply which will provide a major boost to its ecosystem and also increase its circulating supply.Optimism (OP):Market capitalization: $1.02 BillionAvailable supply : 798.5 millionMaximum supply 4.3Billion token (Source : COINGECKO)Source: TradingView Currently trading at $1.27 (up by 1.4%)But historically, we have witnessed token unlocks to be accompanied by price drops.Will it be any different this time around?What is your take on this viewpoint?#Optimism #OP

If you ask me, I can tell you for free that there are basically two ways to earn in the crypto space.1. Buy/ Accumulate as much crypto asset(s) as you can afford to invest during bear seasons and HODL.2. Trading (Futures trading / Scalping)Today, i want to focus on the first point, Buy and HODLYou definitely must have read or heard people talk about the bear market as well as the bull market. To put it in simple terms, Bear market is season when prices and value of cryptocurrency assets drop and tendency for massive sell off, that’s the value of crypto assets are at discounted prices. All these are characterized and triggered by maker cycle and sentiments. This is also the season true value of crypto assets are tested. Bull market is the reverse, a season when value of crypto assets rise and test their all time high (ATH). This is the season of harvest, to reap gains off your investments.If you have come this far, You will realize the value of your assets has increased exponentially, especially if you bought into the crypto asset at a fraction of its value.To achieve this goal, the basic rule is to buy the dip during bear season, when prices are low and selling for a fraction of the asset’s true value and “hold on to the asset/ hold on to dear life (HODL), regardless of the market sentiments during the bear season where there could be “fear, uncertainty & doubt” (FUD) and “fear of missing out” (FOMO). Do no panic sell regardless of market sentiment during the bear market for the goal and target is the bull market, when prices shall rise again.Conduct thorough research about the crypto asset you which to invest in and understand the market through access to relevant information and updates, before going in.It’s important to note that cryptocurrency markets are highly volatile and speculative.Remember, this is not financial advice. Goodluck!#BTC #ETH #BNB

In the crypto space, Diversifying your portfolio simply means investing in other crypto assets rather than just one. This singular action comes with advantages; It increases your exposure and knowledge in other crypto assets and also serve as risk management strategy against crash of a crypto asset.Let’s dive into some notable assets in the crypto space:1. Bitcoin (BTC)- Bitcoin is the first digital currency, also referenced the “digital gold”. Created by an anonymous person or group of people using the pseudonym Satoshi Nakamoto, introduced in 2009.   Bitcoin is considered a store of value with a maximum supply of 21 million. With an all time high of $69,045 per BTC during the last bull run in November 2021 but presently valued at $26,200 due to the bear market.The next bull market will redefine its worth.2. Ethereum (ETH):Ethereum is a blockchain platform that allows developers to build decentralized applications (DApps) using smart contracts. Ethereum was conceived in 2013 by Vitalik Buterin, alongside other founders.   ETH is the native cryptocurrency of the Ethereum network and is used for gas fees (transaction fees) and as a store of value.Presently valued at $1580 per ETH, the next bull run should give new all time high (ATH).3. Binance Coin (BNB):   - Binance Coin is the native cryptocurrency of the Binance exchange and Binance Smart Chain. Changpeng Zhao is the founder and CEO of Binance.   - It has various use cases within the Binance ecosystem, including paying for trading fees, participating in token sales, and using DApps on the Binance Smart Chain.   - Binance conducts periodic token burns to reduce the supply.The buyback plan of BNB by Binance will definitely increase it’s value.BNB was valued at $680 per BNB during the last bull market but presently valued at $210. Due to it’s versatile utility, it’s presently undervalued.The cryptocurrency market is highly volatile, so prices can fluctuate rapidly.A good risk mitigation in crypto is to never invest more than you can afford to lose, also Practice Dollar Cost Averaging (DCA) into crypto assets with great utility and value.#BTC #ETH #BNB