Aurelia Butler

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  • 150 Shares99 Views

    in Cryptocurrency

    Here’s Why AUDIO, BAND, and ROSE Are Gems for Next Bull Run

    Analyst CryptoBusy uploaded a video to YouTube yesterday wherein they discussed three altcoins that billion dollar firms and funds are backing. According to the video, Audius (AUDIO), Band Protocol (BAND), and Oasis Network (ROSE) could be potential gems heading into the next bull market.Audius is a decentralized music streaming protocol that has recently migrated to the Solana (SOL) blockchain network. One of the biggest backers of the project is Binance Labs, which is the investment arm of the mammoth crypto exchange, Binance.At press time, the price of AUDIO is up 3.40% after a recent 24-hour gain according to CoinMarketCap. Currently, AUDIO’s price stands at $0.2865. It has also strengthened against Bitcoin (BTC) by 1.64%. However, it was unable to do the same with the leading altcoin, and is down 1.47% against Ethereum (ETH).Band Protocol is a cross-chain oracle data platform that connects real-world API data with decentralized smart contracts. According to CryptoBusy, this altcoin is a gem with the potential of achieving 10 to 15 times gains for investors.Sequoia Capital Fund and The Spartan Group are two of the multi-million dollar firms that have invested in this altcoin. BAND’s price rose 2.61% over the last 24 hours to take it up to $1.85 at press time.Oasis Network is a privacy-enabled and scalable layer 1 network which aims to introduce to the market a blockchain network with a very high throughput and competitively low fees. This altcoin has the potential to generate 10 times returns for investors and is listed on several exchange platforms, claims the analyst. Similar to AUDIO, Binance backs this altcoin.ROSE’s price is currently up 6.65% in the last 24 hours. The crypto has also strengthened against Bitcoin (BTC) and Ethereum (ETH) by 5.01% and 1.82% respectively. As a result, the altcoin’s price stands at $0.06294.Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.The post Here’s Why AUDIO, BAND, and ROSE Are Gems for Next Bull Run appeared first on Coin Edition.See original on CoinEdition More

  • 113 Shares109 Views

    in Economy

    WTO sees “subpar” 2023 trade growth with multiple risks

    The Geneva-based trade body said on Wednesday that merchandise trade volumes would increase by a “subpar” 1.7% in 2023. That was up from its October estimate of 1.0% but below the 2.6% average for the 12 years since trade volumes collapsed following the global financial crisis. For 2022, it said a downturn in the final quarter resulted in trade growth of 2.7%, lower than its previous 3.5% forecast.The WTO said goods trade growth should rebound to 3.2% in 2024 as economic expansion picks up, but warned this forecast was particularly uncertain, with multiple downside risks.WTO Director-General Ngozi Okonjo-Iweala said the threats included continuation of the war in Ukraine and other geopolitical tensions, resurgent inflation and the impact of tightening monetary policy.The WTO said trade growth had held up despite global tensions and the threat of fragmentation into competing trading blocs, which could reduce global economic output by 5%, had so far been avoided. But this remained a risk.”If we see investment patterns following the talk, we see now, this might indeed have an impact on trade in the future that we think would be detrimental,” Okonjo-Iweala told Reuters.The WTO also said wealthy countries needed to be on the lookout for signs of a food crisis triggering hunger in low-income countries.It was unclear how the war would impact planting in Ukraine, a major grains producer, while flooding or drought from climate change could trigger a major crop failure elsewhere. Smaller farmers in Africa in particular needed affordable fertilisers and other inputs to be able to increase production.Okonjo-Iweala said it was vital to limit export restrictions on food. Some 35 countries have imposed 100 curbs on food and fertilisers since Russian invaded Ukraine in February 2022. Those eased in mid-2022, but had since risen to 67 at the start of April 2023.The WTO’s forecast does not cover services, but the WTO said international tourism was on a path to full recovery as COVID-19 restrictions are lifted, and that travel demand did not seem to have been hit by economic uncertainty.China’s reopening of its borders should also boost regional and global travel, the WTO said. Chinese tourists are the global top spenders. More

  • 175 Shares169 Views

    in Economy

    German industry calls on von der Leyen to press its case in China visit

    Investing.com — Germany’s leading industry body swung behind European Commission head Ursula von der Leyen as she and French President Emmanuel Macron headed to Beijing for an official visit.The two leaders will hold joint talks with Chinese President Xi Jinping on Thursday.”China is challenging the international rules-based order and is undermining the logic of free markets and open trade with its striving for security and control,” the Bundesverband Deutscher Industrie said in a statement. “German industry expects that the EU President and Emmanuel Macron insist on reliability, the observation of international rules as well as transparency, market access and fair competition in their meetings with China’s leadership.”The comments reflect German industry’s frustration at the steady increase in pressure from the Chinese authorities on German companies who have invested heavily in the country in recent years, especially pressure to hand over advanced technology in exchange for access to China’s huge internal market. That pressure has contributed to growing wariness of China’s longer-term ambitions, expressed in growing instances of companies such as Huawei and TikTok owner ByteDance being restricted in the European market.The joint visit of Macron and von der Leyen to Beijing comes a week after a hawkish speech by the Commission President that moved Europe much closer to the U.S. position of treating China as a strategic rival, warning against excessive dependency on China for export markets and for key inputs such as rare earths.Von der Leyen called for the EU to “de-risk” its relationship with China, not least in view of its growing closeness with Russia, whose invasion of Ukraine upended the European economy last year and poses the biggest security challenge to Europe in over 30 years. In its statement, the BDI also called on China to stand up for “the principles of the United Nations and thus the preservation of Ukraine’s sovereignty and territorial integrity.”Von der Leyen’s hardening rhetoric has unsettled some in Germany and France, who fear losing what access they still have to the Chinese market.”We hear increasingly loud voices expressing a strong concern about the future of relations between the West and China that in some form lead to the conclusion that there is an inescapable spiral of mounting tensions,” Macron told reporters at the French embassy in Beijing. “I do not believe, in any case I do not want to believe, in this scenario.”The BDI also stressed in its statement that “Decoupling (from the Chinese economy) is not in the interest of companies at home.” More

  • 125 Shares149 Views

    in Economy

    WTO warns surge in borrowing costs set to hit exports

    The World Trade Organization has warned that growth in export volumes will slow this year as rising interest rates and financial instability weigh on an environment already hit by a revival of protectionism. Volumes increased by 2.7 per cent over the course of 2022 — a lower than expected figure as the war in Ukraine and sanctions on Russia damaged supply chains still recovering from the early stages of the pandemic. This year growth is expected to be even slower, at just 1.7 per cent — well below the average level for the past decade of 2.6 per cent. “The lingering effects of Covid-19 and the rising geopolitical tensions were the main factors impacting trade and output in 2022 and this is likely to be the case in 2023 as well,” said Ralph Ossa, chief economist of the WTO. He added that sharp rises in borrowing costs by global central banks over the course of 2022 had also revealed weaknesses in banking systems that could lead to wider financial instability if left unchecked. “Governments and regulators need to be alert to these and other financial risks in the coming months,” he said.The latest forecast for 2023 is higher than the 1 per cent growth the WTO predicted in October, when most economists still expected a sharp slowdown in growth this year. The economic outlook has now improved. However, trade is still expected to lag behind broader global growth. “It’s not good, but it’s less bad,” Ngozi Okonjo-Iweala, WTO director-general, told the Financial Times.Okonjo-Iweala said the upgrades followed the easing supply chain disruptions in recent months. The loosening of lockdowns in China was also expected to unleash pent-up consumer demand, increasing international trade.While concerns last year that trade in food would be hit by the war in Ukraine proved overblown after countries found alternative sources, the WTO remains worried that the conflict could lead to famine. “The best thing to help us feel more secure is for the war in Ukraine to end,” the WTO director-general said. “If we have a crop failure in a major producing region in the world, that could really create problems of food security.”She called on countries to drop all export restrictions on food and fertilisers — about 67 were in place, down from 100 after the outbreak of war in February 2022. Countries have agreed to waive them for purchases by the UN’s World Food Programme.“One in five calories consumed in the world is traded. Trade has really been a force for resilience in the world and that’s why it’s important to keep a free flow of trade,” Okonjo-Iweala said. Ethiopia, which relies on disrupted Black Sea exports for almost half its wheat, had found supplies from Argentina and the US. Turks had switched from eating wheat to rice. While the outlook for trade in goods was pessimistic, services exports performed better. Services trade rose 15 per cent by value in 2022 compared with 2023. Digital services hit $3.8tn, up by 13 per cent. “Streaming video, education services, all of those things, they are growing at a phenomenal rate. This is incredible,” Okonjo-Iweala said.She said 86 countries were working on a new deal to agree rules for digital trade, which could be concluded within a year. More

  • 113 Shares179 Views

    in Cryptocurrency

    Crypto Analyst Predicts DOGE Price Surge Using LTF Indicator

    The crypto analyst going by the handle CryptoKaleo (KALEO) on Twitter has provided a graphical analysis of his projection for future DOGE price development. Using the LTF (Lower Time Frame) indicator, Kaleo presented a chronological price development over 5 hours, and the DOGE price appears to respect the pattern projected.Traders commonly use the LTF indicator to predict price behavior during volatility. It is popular during short-term trading or scalping of cryptocurrencies and other assets. The LTF indicator mimics the chart behavior into the immediate future, providing a guide for traders seeking to make quick gains from the market.Within Kaleo’s 5-hour monitoring period, the DOGE price moved between $0.09631 to $0.09707. However, more importantly, the volatility displayed during this period coincided with the pattern projected by the LTF indicator. Beyond that, the indicator also projects an overall price movement that expects DOGE to climb higher, even above $0.1.One of the unique features of the LTF indicator, as shown in Kaleo’s analysis, is that it does not only reveal the price target. Instead, it displays a trajectory that provides the path to the target, and that feature seems to impress Kaleo’s respondents, most of which find it accurate.DOGE began the new week with an impressive bullish candle that moved the token’s price from $0.787 to $0.1048, reflecting a 33.02% price surge in one day. That price rally also saw DOGE overcome a previously established resistance on the local high at $0.1, swinging the leading meme coin into a bullish condition.As of the time of writing, DOGE traded at $0.0970 on trading view while ranking as the 8th largest cryptocurrency on CoinMarketCap with a market capitalization of $13.5 billion.Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.The post Crypto Analyst Predicts DOGE Price Surge Using LTF Indicator appeared first on Coin Edition.See original on CoinEdition More

  • 125 Shares179 Views

    in Cryptocurrency

    Popular Crypto Analyst Warns of Impending End to Bull Market

    Renowned crypto trader MFHoz has issued a warning to investors in his market forecast, stating that the recent shift in sentiment among several well-known skeptics and bears in the market may be a significant indicator that the current bull market is coming to an end.In a recent tweet, MFHoz noted that several well-known skeptics and bears who were once-bearish investors have recently turned bullish and are now boldly predicting new all-time highs in the crypto market. According to MFHoz, this shift may be a cause for concern, stating,MFHoz believes that history has shown that bull markets often come to an end when even the most skeptical investors start to turn bullish. “The market has a tendency to lure in as many people as possible before taking a plunge downwards,” MFHoz added.The crypto analyst did not specify any names of “well-known skeptics and bears” who have been bearish since 2009. However, his warning suggests that investors should be cautious about becoming too optimistic about the current bull run in the crypto market.A day before his market forecast, MFHoz stirred up some debate about the future of the market. He said, “The best part of the bear market is about to start,” and, “The market will soon show [them] how cruel nature is.” His tweets have sparked discussion among crypto enthusiasts about whether or not the market is truly headed for a bear phase and how investors should approach this potential shift.The post Popular Crypto Analyst Warns of Impending End to Bull Market appeared first on Coin Edition.See original on CoinEdition More

  • 125 Shares119 Views

    in Cryptocurrency

    John Deaton Responds To Kevin O’Leary’s Comments On Suing Regulators

    Crypto lawyer John Deaton has responded to the comments made by Kevin O’Leary regarding people who choose to sue crypto regulators. In a recent interview, the Shark Tank star stated that choosing to litigate your crypto regulator is “really stupid”.Kevin O’Leary believes that companies operating in the crypto industry should refrain from taking legal action against regulators. According to him, crypto entities should sort out their differences with regulators in an effort to stay in their good graces.“If the crypto community and crypto investors like me want to fit into the existing global financial services system, we have to tuck under the regulator. I no longer have any interest in going to war with regulators, litigating regulators, and suing regulators. That is not the future of crypto,” the Shark Tank star stated.Speaking on American crypto exchange Coinbase’s legal trouble with the Securities and Exchange Commission (SEC), O’Leary stated that the best course of action would be to sit down and work it out with the regulator. He added that if the SEC doesn’t allow staking or lending, then crypto companies should comply.Popular crypto lawyer John Deaton took to Twitter earlier today to share his thoughts on O’Leary’s stance on litigation against regulators. According to Deaton, several regulators including SEC Chair Gary Gensler are appointed by the government that wins elections and such regulators are likely to change with every election cycle.Deaton referred to these regulators as “unelected bureaucrats” who are acting in an unreasonable manner and ignoring the word of law. The crypto lawyer further implied that crypto entities need to fight back, rather than resort to methods like bribery.The post John Deaton Responds To Kevin O’Leary’s Comments On Suing Regulators appeared first on Coin Edition.See original on CoinEdition More