Bitcoin und die Altcoins sind weiter durch die FTX-Saga unter Druck und erschwerend kommen nun Probleme bei Solana hinzu.
Best 3 Ethereum-based tokens to watch when the bull market returns
2022 has been characterised by a prolonged crypto winter. For this reason, most cryptocurrencies are trading at depressed levels. But one sure thing is that digital assets will be back on track again. Thus, buying the best tokens will rank top in investors’ minds.
Tokens of reputable blockchains like Ethereum will top the list of the best investable opportunities. The following tokens will outperform the market in the bull market.
Ethereum (ETH)
ETH is the native cryptocurrency of the Ethereum blockchain. It is the second largest cryptocurrency, making it one of the most important tokens. Having topped $4,800 in value in November 2021, ETH trades at a quarter-fraction of its former self.
Ethereum completed its much-anticipated Proof-of-Stake shift or Merge in September this year. Although initially falling after the Merge, investors followed up with the token accumulation. That helped ETH to rise back to $20,000. It has since been falling in the wake of concerns over the collapse of the FTX exchange.
In the next bull run, ETH could pick up where it left off and return massively to investors. A return to the previous all-time high could see the cryptocurrency return by more than four times.
Where to buy ETH
eToro
eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.
Skilling
Skilling is a Scandinavian based cryptocurrency broker which has a desktop website as well as apps for iOS and Android devices. It supports over 50 cryptocurrencies and it has a demo account to allow users to gain familiarity with the platform. Skilling has no hidden fees, it is an officially regulated broker and it supports a wide range of payment methods.
Polygon (MATIC)
Aside from the native ETH token, Polygon’s MATIC is easily the best Ethereum-based token. Polygon blockchain serves as an Ethereum scaling solution. Owing to Ethereum’s high gas fees and slow transactions, Polygon has created a name as the run-to blockchain for investors seeking interoperability.
MATIC rose to prominence in 2021, tapping a high of $2.90. Although the cryptocurrency has crashed this year alongside other cryptos, several developments have occurred. The latest was the selection of Polygon by tech giant Meta for NFT minting. The cryptocurrency has also demonstrated resilience and has been recovering, teasing investors interested in the Layer-2 scaling solution.
Where to buy MATIC
eToro
eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.
Skilling
Skilling is a Scandinavian based cryptocurrency broker which has a desktop website as well as apps for iOS and Android devices. It supports over 50 cryptocurrencies and it has a demo account to allow users to gain familiarity with the platform. Skilling has no hidden fees, it is an officially regulated broker and it supports a wide range of payment methods.
Decentraland (MANA)
You can’t talk of the metaverse without mentioning Decentraland’s MANA. However, after a boom in 2021, owing to the number of entities entering the virtual reality world, the situation has been different this year. MANA has been on a downward spiral, presenting opportunities for dip buyers.
Investors have not given up, and the metaverse will continue to grow. The sector is expected to grow up to $13 trillion by 2030. As a leading metaverse-focused blockchain, Decentraland will continue to grow. Consequently, its native token, MANA, will follow suit.
Where to buy MANA
eToro
eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.
Skilling
Skilling is a Scandinavian based cryptocurrency broker which has a desktop website as well as apps for iOS and Android devices. It supports over 50 cryptocurrencies and it has a demo account to allow users to gain familiarity with the platform. Skilling has no hidden fees, it is an officially regulated broker and it supports a wide range of payment methods.
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MiCA-Berichterstatter Stefan Berger erklärt Verzögerung der Krypto-Regulierung
Die Verzögerung bei der Verabschiedung des europäischen Krypto-Regulierungsentwurfes ist nicht inhaltlich bedingt, wie Stefan Berger bestätigt.
BlockFi reopens Interest Yield Product for accredited US investors
Crypto lending platform BlockFi in a press release on November 7 stated that it will reopen the BlockFi Yield, an interest-bearing digital asset account, by the end of 2022 to US accredited investors.
The Beta version will be available to first select US investors starting at the end of the year. The product will afterwards be available to all US clients at the start of 2023 allowing investors to earn interest on digital assets.
The BlockFi Yield offers competitive interest rates on digital assets with no minimum investment requirement. To access the product, however, US investors will require to complete an investor accreditation process.
So far BlockFi has paid out more than $600 million in interest since it began offering BlockFi Yield.
BlockFi had initially suspended the product in the US
In February this year, BlockFi stopped offering BlockFi Yield to US clients after the US SEC accused the firm of failing to register the product. BlockFi was fined a total of $100 million by the SEC and state regulators which BlockFi agreed to pay. BlockFi has also agreed to stop opening new US accounts.
The charge against BlockcFi came right on the heels of the collapse of Voyager and Celsius, which necessitated scrutiny of the crypto space.
To remain operational in the extended crypto winter, BlockFi laid off about 20% of its workforce, reduced marketing expenses, reduced the salaries of executives, and also removed non-essential vendors. BlockFi also secured $250 million from the currently embattled FTX exchange, as reported in previous news here, in revolving credit.
In preparation for the reopening of the product to US customers, the founder and COO of BlockFi, Flori Marquez, said that the crypto lender is working on having the product registered with the SEC before offering it to the public.
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Crypto market maker Wintermute has funds stuck on FTX
Crypto market maker Wintermute has confirmed that it has funds stuck in the embattled crypto exchange FTX. However, the firm has said that the amount of funds held in the exchange is not much and they are within their risk tolerance.
Wintermute further said that the funds will not impact its overall financial standings. The firm said that it has put in place risk controls and efforts to remove some of the funds from the exchange prior to the collapse although some funds still remain.
In a tweet Wintermute said:
“We do have remaining funds on FTX, and while this is not ideal, the amount is within our risk tolerances and does not have a significant impact on our overall financial position.”
Firms allay fears of exposure to FTX
As reported in our earlier news, Coinbase, Tether, and Circle have come out to assure their customers that they are not exposed in any way to either FTX or its sister firm Alameda Research after FTX announced plans to sell itself to Binance in the wake of liquidity crunch.
While Wintermute said that it has funds stuck in FTX, it, however, clarified that it has no exposure on FTX’s native token FTT whose price has drastically dropped since the whole FTX saga started.
Wintermute said:
“As a market-neutral trading firm, we do not have any directional exposure to FTT tokens or related ecosystem assets.”
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