Trent Rhode
The CEO of Ark Investment Management, Cathie Wood, is widely known as a passionate supporter of Bitcoin. Despite recent market fluctuations, she and her team remain confident in the potential of the world’s largest digital currency, according to a recent report on disruptive technologies by Ark.
The report makes a strong Bitcoin bull case, noting that even with the recent market downturn, over the past five years, the digital currency has demonstrated an impressive compound annualized return of 8.7%. This is a significant improvement compared to global equities, which posted a return of 6.1%, and gold, which posted a return of 7%.
One of the key indicators of the strength of Bitcoin’s future is its growing market capitalization, noted Ark’s analysts–which is now $440bn, up from just $58 billion five years ago.
This significant growth, along with the fact that a larger percentage of the bitcoin supply is being held for longer periods of time, is seen as a positive sign for the future of the digital currency.
To determine the number of long-term investors in bitcoin, Ark defines a long-term investor as someone who has held the currency for 155 days or more. As of the end of 2022, long-term investors were found to own 71% of the total bitcoin supply–a clear indication that more and more investors are becoming focused on the long-term potential of the currency, rather than making short-term investments based on market fluctuations.
Ark also referred to the tendency of exchanges to increase their level of transparency after the FTX collapse. This increased transparency, along with the growing number of long-term investors, is seen as a positive sign for the Bitcoin’s bull case and bodes well for its continued growth and success.
The report noted too how the NFT market made significant advancements and matured in the past two years, with a 15% increase in trading volume from 2021 to 2022. The sector has also “shifted toward utility-based projects like on-chain domain names and digital memberships” that can provide real value instead of speculation—which is an encouraging development, according to Ark analysts.
“Physical and intellectual property rights correlate positively to GDP per capita, a common proxy for quality of life,” the report continued. “In our view, thanks to decentralized proof-of-ownership, digital assets are likely to increase online spending per capita. Ark forecasts that global NFT transaction volume will grow more than five-fold from $22 billion today to $120 billion by 2027.”
Wise Investment in Crypto Markets Given Bitcoin’s Bull Case
Despite the high return prospects, possible investors should be knowledgeable of any hazards that come with investing in cryptocurrencies and only allocate money they are prepared to lose.
It is vital to execute proper due diligence when analyzing projects–this includes verifying whether said teams and platforms abide by legal regulations prior to making an investment decision.
When investing in digital currencies, it is vital to assess a project’s real-world applications and determine if it has the potential to offer viable solutions or is just profiting off of blockchain trends. The capacity for a project to effectively address practical needs can significantly influence its long-term ROI prospects and success rate.
If you are looking to maximize your return on investment, crypto presales could be a great choice. Through careful consideration of the project and smart financial decisions, this powerful tool can provide noteworthy returns. Crypto experts are predicting high gains for MEMAG, FGHT, CCHG, and TARO given Bitcoin’s bull case.
Meta Masters Guild Making Web3 Gaming History
Meta Masters Guild, an upcoming Ethereum-based Web3 gaming guild and metaverse community, is bringing innovation to the Web3 cryptocurrency gaming space. The guild is dedicated to fostering a community of gamers and providing them with the opportunity to partake in collective ownership of top-tier mobile Web3 games.
The guild’s first release, Meta Kart Racers, is poised to be a hit among gamers. This free-to-play racing game offers cutting-edge play-to-earn features and is available on both iOS and Android devices. With solo arcade mode and intense player vs player options, there is something for everyone. Gamers can spend their MEMAG tokens on rare in-game items and upgrades, or even win unique NFT based characters.
MEMAG, the native token of Meta Masters Guild, plays a crucial role in its governance and utility system. With a capped maximum supply of 1 billion tokens, MEMAG can be used for voting, staking rewards, and in-app purchases. As demand for MEMAG increases, there’s a chance it could become deflationary over time.
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— Meta Masters Guild (@MEMAGgames) February 4, 2023
The guild has already formed partnerships with leading development firms such as RWaltz and Gamearound, further solidifying its position as a rising name in the blockchain gaming industry.
MEMAG tokens are gaining significant attention, as the presale has raised over $3.18 million and counting. The success of the presale can be attributed to word-of-mouth, with some days collecting over $100,000. To purchase MEMAG tokens, visit the Meta Masters Guild website and use either Wallet Connect or MetaMask wallets with ETH or USDT.
Fight Out (FGHT) Good Buy With Strong Bitcoin Bull Case
Crypto industry insiders predict that Fight Out (FGHT) will make waves among investors and users alike. The innovative app combines modern technology with a gym chain to help members reach their fitness goals, all while being part of a supportive community that emphasizes social interaction and rewards.
The Move-to-Earn (M2E) app is at the forefront of fitness technology, linking top-notch gyms with a metaverse community and a reward system that offers REPS tokens for achieved goals. This platform will take fitness tracking to the next level, tracking various exercise types to set a new standard for interactive fitness apps that goes beyond just counting steps.
Fight Out’s gyms will be equipped with advanced Web3 technology, such as “mirror profiles” and sensors that give instant feedback during and after workouts.
Conventional gyms often fail to provide their members with the results they seek, often due to insufficient knowledge and guidance that leads to muscle imbalances and joint problems. Additionally, sedentary lifestyles contribute to major health issues such as obesity, heart disease, and diabetes, resulting from prolonged periods of sitting in front of screens or at desks.
Fight Out provides a comprehensive and personalized solution to these challenges, breaking away from the limitations of traditional gyms. With NFT avatars representing their progress and REPS token rewards, users have a clear, tangible way of measuring their advancement, serving as both motivation and a reminder to keep pushing forward.
Fight Out is shaking up the traditional gym and boutique fitness space with its unique focus on community, personalization, and imaginative implementation of Web3 and M2E technologies. Whether you are a seasoned fitness expert or just starting your journey, this game-changing solution is definitely worth considering.
Act now and don’t miss out on the chance to invest, with bonuses of up to 50% for investments over $50,000. The FGHT project has already raised close to $4 million in its presale period and is about to enter its next phase, with prices set to rise.
C+Charge (CCHG) Charged Up for Launch
C+Charge. a unique new peer-to-peer payment system and search app for electric vehicle charging stations is looking to make EV charging easier. C+Charge, a blockchain-based P2P payment solution, seeks to address the difficulties faced by electric vehicle owners, such as high fees, limited access to charging locations, and payment ambiguity.
With its smart contract technology, the app will offer fast, direct payment from crypto wallets without any additional costs or wait times. The searchable database of charging stations, backed by a secure blockchain, will display real-time information and provide a low-cost alternative to traditional methods.
In addition, C+Charge has partnered with Flowcarbon to provide tokenized carbon credits as Goodness Nature Tokens ($GNT). This makes it easier for EV owners to switch to a more sustainable mode of transportation and reduce their carbon footprint. Building managers will also be able to monitor energy usage of each EV, incentivizing landlords and companies to install charging stations as they won’t need to worry about over-charging non-EV owners.
C+Charge’s presale for CCHG tokens is currently underway, starting at $0.013 USDT. The token price will increase in three more stages, reaching a maximum of $0.02350.
Now is the ideal time to capitalize on Bitcoin’s bull case and seize these altcoin investment opportunities. Thanks to Bitcoin, NFTs, and other Web3 advancements, blockchain projects are pioneering a new generation of fitness solutions, games, EV technologies–changing how we interact with finance and online community.
Related:
Crypto-Based Electric Vehicle Charging Solution Hits $470,000 in Funds Raised – Time to Buy?
Best Altcoins to Buy Today 6th February – MEMAG, AGIX, FGHT, GRT, CCHG, DYDX, TARO, TAMA
Ethereum Price Prediction – ETH is Outperforming Bitcoin in February So Should You Be Investing?
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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