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Five Cryptos Eyeing 100X Growth: Crypto Gems To Watch QUBE, TOADS, ROE, HAPI and HBARHowever, recent weeks have seen bitcoin retrace its steps. We think the main reason for this is a deteriorating macro backdrop. The labour market remains very tight. Inflation remains way above target (April CPI showed little progress on disinflation, with core goods rising 0.6% due to a 4.4% increase in used care prices). And Fed Chair Jerome Powell recently said ‘‘the process of getting inflation back down to 2 percent has a long way to go.’ Is crypto worth investing in "My base case is bitcoin will trade in a range to a range between $25,000 and $32,000 for the remainder of 2023," Tim Shan, COO at decentralized crypto exchange Dexalot, said. "But if we see inflation remain high, I think bitcoin could trade back down to lows of the year."Up and coming cryptosThis kind of fraud was not uncommon throughout the year. Over $7.7 billion was stolen in cryptocurrency scams worldwide in 2021, according to a report by blockchain analytics firm Chainalysis. That's an 81% rise compared to 2020. More from Money As the first big Wall Street bank to embrace cryptocurrencies, Morgan Stanley announced on 17 March 2021 that they will be offering access to Bitcoin funds for their wealthy clients through three funds which enable Bitcoin ownership for investors with an aggressive risk tolerance. BNY Mellon on 11 February 2021 announced that it would begin offering cryptocurrency services to its clients.
Cryptocurrency: Big Gains for Significant RiskBlockchain-based applications, including decentralized finance, or DeFi, garnered interest from both retail and institutional investors, pushing the growth of Web3, which is the decentralized iteration of the internet based on blockchain technology that powers NFTs and underpins cryptocurrencies. Cardano cryptocurrency gained smart-contract functionality in 2021 following a hard fork. Its developers use a scientific and methodological approach to create new technologies and constantly expand the platform’s functionality. ApeCoin may be the youngest cryptocurrency on this list, but it definitely should not be underestimated. Inspired by the famous Bored Ape Yacht Club project, this governance token is currently rocking the crypto world. There are a lot of eyes on it at the moment, and you know what that means in the crypto industry — it has substantial growth potential. Read our APE price prediction to learn more about this young yet already extremely popular cryptocurrency.New bitcoin stockInvestors who hold YPRED tokens can enjoy several benefits, including significant returns due to the low market cap at listing. Additionally, token holders can benefit from the 10% income-sharing pool, which can yield up to 45% quarterly stake incentives. During the yPredict presale, investors can take advantage of lifetime free predictions via yPredict Analytics, which provides a competitive edge in the ever-evolving cryptocurrency market. Investors can also enjoy a 2% bonus in YPRED tokens when participating in the presale. What Happens To Crypto If The Fed Raises Interest Rates? However, investors must also consider the risks associated with investing in a volatile, unregulated market, and ensure that they have a solid understanding of the crypto market and the specific digital assets they are investing in. As with any investment, it’s essential to do your research and understand the potential risks and rewards before making a decision.
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