Trent Rhode
Renowned money manager Cathie Wood and her firm Ark Invest are doubling down on their bullish predictions for bitcoin, projecting the cryptocurrency could reach $1.5 million by 2030 in a recent report by the firm. What’s behind this view of a positive crypto market trend?
This bullish estimate predicts a 6,326% increase from its current price of $23,031. The report cites institutional adoption, increased hash rates, and a more focused long-term holder base as key factors in supporting the prediction.
Despite a challenging crypto market and a 65% drop from its all-time high, Ark maintains its bullish outlook and continues to invest in related assets such as Coinbase shares. Despite the crypto market’s turbulence, Wood remains confident, stating, “We think bitcoin is coming out of this smelling like a rose” after FTX’s recent bankruptcy.
Crypto Market Trend Looking Good
This trend is borne out by the fact that in recent months, the crypto market has seen a surge in institutional investment, with traditional finance companies like JPMorgan and Fidelity entering the arena by offering crypto-related services to their customers.
This trend can also be seen in a recent study by PwC, which revealed that almost a third of the 89 hedge funds surveyed were already investing in digital currencies such as Bitcoin.
Cryptocurrencies are not the only area of growth in the crypto market, however. The underlying technology of cryptocurrencies, blockchain, offers exciting growth opportunities beyond digital currencies. From identity management to tokenized securities, blockchain has the potential to revolutionize entire industries, making many projects in the space attractive investments.
Bitcoin has experienced five price declines of over 75% and has still outperformed equities, bonds, and gold. pic.twitter.com/nIzNXlLbPx
— Yassine Elmandjra (@yassineARK) February 1, 2023
Wise Investment in Crypto Market Trends
Despite the exciting opportunities, investors must understand the risks associated with investing in cryptocurrencies and only invest money that you are willing to potentially lose. Due diligence is crucial when selecting projects, and it is important to ensure that the projects comply with legal regulations and have trustworthy teams before investing.
Investing in cryptocurrencies requires a careful examination of a project’s real-world applications to determine if it offers genuine solutions or simply capitalizes on blockchain trends without providing actual value. The ability of a project to address practical issues can greatly affect its long-term success and ROI prospects.
For those seeking high ROI, presales of cryptocurrencies may be an option. Through informed investment choices and careful vetting of the project, presales can offer great returns.
Crypto experts suggest considering investment options such as MEMAG, FGHT, CCHG, and TARO for potential returns.
Meta Masters Guild Setting Web3 Gaming Crypto Market Trends
Meta Masters Guild is an innovative, Ethereum-based play-to-earn gaming platform that enables gamers to take part in collective ownership of high calibre mobile Web3 games. The guild is devoted to building a vibrant and supportive community for gamers.
The debut game from the guild promises to be a hit. Meta Kart Racers is being designed to be an addictive free-to-play racing game with cutting edge play-to-earn features that can be enjoyed on both iOS and Android devices. With solo arcade mode, as well as intense online player vs player options available, there’s something for everyone. Players have the opportunity to spend their MEMAG tokens for rare in-game items and upgrades – or even more excitingly: get lucky enough to win truly unique NFT based characters which can either be used themselves or sold off.
MEMAG, the native token of Meta Masters Guild, is an integral part of its governance and utility system. With a fixed maximum supply limit of 1 billion tokens, MEMAG can be used for votes casting, reward staking as well as in-app purchases. As demand rises further over time, there’s even a chance that the token could become deflationary eventually.
Already having collaborations with top development firms including RWaltz, and Gamearound– renowned blockchain based gaming studio–it comes to no surprise that Meta Masters Guild is quickly becoming a name in the blockchain gaming industry and is set to be a part of the crypto market trend of Web3 games.
MEMAG tokens from MMG have recently been gaining a lot of attention as well, as their presale has managed to collect over $2.6 million and counting and is currently about to enter stage 5 when the price per token will rise.
The huge spike in presale token sales can be credited to the power of word-of-mouth, with some days accumulating more than $100,000. If you’re interested in investing in MEMAG cryptocurrencies, visit the official Meta Masters Guild website and use either Wallet Connect or MetaMask wallets to purchase your MEMAG tokens through ETH or USDT.
Fight Out (FGHT) Setting Sights on Fitness Industry
Crypto experts firmly believe that Fight Out (FGHT) will be an unparalleled success among investors and users alike. This cutting-edge app, in conjunction with its gym chain, is the perfect combination of modern technology to help members achieve their physical goals, inspired by a strong community of likeminded individuals centered around social engagement and rewards.
The Move-to-Earn (M2E) app is looking to advance fitness technology by forging connections between top of the line gyms, a metaverse community, and a user reward system that grants rewards in REPS tokens for goals accomplished. This platform goes beyond just monitoring steps taken; it also tracks other exercise types to establish a new benchmark for interactive fitness applications.
Fight Out’s gyms will also be equipped with state-of-the art Web3 technology, such as “mirror profiles” and sensors that provide immediate feedback throughout and after workouts.
Traditional gyms are often unable to provide their members with the progress they desire, due in part to inadequate knowledge and guidance that lead to muscular imbalances and joint problems. Moreover, our sedentary lifestyles have been a major driver of issues such as obesity, heart disease, and diabetes; this is largely attributed to extended periods spent sitting at desks or on screens during leisure time.
Fight Out provides a comprehensive and personalized solution to these issues that goes beyond the boundaries of conventional gyms. With NFT avatars that symbolize their progress, along with REPS token rewards, users have an unmistakable, tangible demonstration of their progression–one which works as both an incentive and reminder to keep going.
Fight Out revolutionizes the traditional gym and boutique fitness experience with its premier focus on community, personalization, and creative adoption of Web3 & M2E technologies. No matter if you are a veteran in physical activity or just beginning your journey–this game-changing solution is something that definitely shouldn’t be overlooked.
Don’t miss out on the opportunity to invest now and receive significant bonuses of up to 50% with investments over $50,000. The FGHT project has already raised an impressive amount of more than $3.8 million during its presale period and is about to enter its next stage, when prices will increase.
C+Charge (CCHG) Shocks Investors With High Utility App
Electric vehicle (EV) drivers are facing numerous challenges, from high fees to limited charging station access and payment security issues. Enter C+Charge, a blockchain-based peer-to-peer payment system designed to solve these problems. By utilizing smart contracts and a searchable database of charge stations, C+Charge offers EV owners fast access to charging stations and secure payment directly from crypto wallets, without any extra fees or wait times.
In collaboration with Flowcarbon, C+Charge offers Goodness Nature Tokens ($GNT), tokenized carbon credits, making the switch to EVs easier and more environmentally friendly. The app also provides building managers with the ability to monitor each EV’s energy usage, promoting landlords and companies to install charging stations without overcharging non-EV drivers.
C+Charge’s presale currently offers CCHG tokens for $0.013 USDT, with three more stages leading up to a maximum price of $0.02350.
Related:
Gaming Industry Leader Jon Bishop Joins Tamadoge as CEO, TAMA Tokens Soar with Increased Activity
While Polygon Price Explodes, These Lesser-Known Altcoins Might 10x
Crypto-Based Electric Vehicle Charging Solution Hits $470,000 in Funds Raised – Time to Buy?
C+Charge - Eco Friendly Crypto with Real World Utility
- Democratizing Carbon Credits
- Incentivizing Wider Adoption of EVs
- Real Life Use Case for Web3 Technology
- First Platform Allowing EV Owners to Earn Carbon Credits On or Off Chain
This article was written for Business 2 Community by Trent Rhode.
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