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Global investors continue to scour the markets and search for the fastest growing, highest yielding cryptocurrencies. 2023 has provided investors with a number of opportunities to make fast profits whilst also providing stability. The crypto market is known for its volatility, traders and enthusiasts must keep their finger on the pulse as selecting the correct investment is critical. With the cryptocurrency market maintaining a market cap above the $1 trillion mark most of the time, many investors are constantly looking for the best cryptocurrencies to invest in.

Innovative, groundbreaking technology is the key to any successful cryptocurrency. Market movers and shakers, disrupters and enhancers provide investors with the perfect opportunity to make profits. Below are some of the best cryptocurrency investments to buy right now:

Bitcoin will always be on the list of the best investments, with a market cap of over $500million the once obscure cryptocurrency has become the bedrock of the cryptocurrency market. Bitcoin currently has a market dominance of more than 45% with crypto experts recognising that the price of many other cryptocurrencies is dependent on Bitcoins price.

The leading cryptocurrency was launched in 2009 by Satoshi Nakamoto, a person or group of people still unknown to date. Bitcoin was created to serve as peer-to-peer cash, a currency that would be independent of the government. The lack of governmental control has drawn many to the decentralized asset over the years. Another factor that has attracted users to the asset is its limited supply. The total supply of Bitcoin is limited to 21 million coins, which means that it is a deflationary asset that is resistant to inflation. This scarcity has helped to drive up the price of Bitcoin, making it an attractive option for investors looking to store value and hedge against inflation.

In 2022, Bitcoins price crashed violently. The crypto asset started the year trading around the $45,000 mark. However, Bitcoin ended the year below $20,000, falling as low as $15,000 at some point. Ironically, 2022 seemed to be the year when Bitcoin would reach the $100,000 milestone.

Plan B, a renowned Bitcoin analyst, and proponent, deduced a system for predicting Bitcoins price based on supply. This unique system coined by Plan B had been effective in the past, accurately predicting the period when Bitcoin would hit the $10,000 mark and cross the $50,000 mark. The stage seemed set for the next prediction. According to Plan Bs model, BTC would reach the $100,000 mark sometime around late 2021 or early 2022. Unfortunately, that never happened.

Bitcoins price tumbled after a series of negative events in the crypto ecosystem, the most notable being the crash of LUNA and UST. After hitting unexpected lows in 2022, Bitcoins price is now due for some relief. Crypto investors realize that Bitcoin below $20,000 is undervalued. More so, the flagship cryptocurrency has always bounced back from black swan events and massive price crashes. In 2023, investors expect Bitcoin to bounce back from the massive fall from its peak experienced the year before.

Further, Bitcoins halving is expected to take place in 2024. The halving of Bitcoin would reduce block rewards to miners. This would make the crypto asset scarcer than it was. Historical price action reveals that Bitcoin always appreciates massively months after the halving. Prudent long-term investors will use the dollar-cost averaging method to invest in the asset before the next halving in 2024.

Tradecurve.ios presale is making waves within the cryptocurrency currency market, with phase one of its presale rapidly selling out TCRV is showing all the signs of a profitable opportunity for investors. Designed to become the worlds first hybrid trading exchange, Tradecurve will serve as a bridge between the financial and cryptocurrency markets. Tradecurves unique privacy policy and disposal of KYC checks allows users of the platform to trade the financial markets in complete anonymity.

Tradecurves native utility token $TCRV powers the entire Tradecurve ecosystem and is currently priced at $0.01. Tradecurve is as an excellent opportunity for investors who are able to take advantage of its current price, a total of 40% of $TCRV will be sold during the presale.

Holders of the Tradecurve token will also benefit from a number of offerings such as; access to trading academies via the metaverse, automated trading, copy trading, passive income through staking, high-leverage options, lowered subscription and trading fees. Tradecurve will also incorporate algorithmic trading, allowing users to utilize advanced algorithms and AI to execute trades with speed and precision.

Providing access for investors to trade; stocks, shares, currencies, cryptocurrencies, commodities and indices all from one account, Tradecurve has set the precedent for never-seen-before privacy when trading the financial markets. With an experienced team behind the project, multiple use cases and features of the Tradecurve platform, investors are expecting the $TCRV presale to continue gaining rapid momentum.

Ethereum is the second-largest cryptocurrency by market capitalization. The Ethereum networks native token is Ether. Ether is used to pay for transactions and services on the platform. This has created an economic system within the platform that has helped to drive its adoption and use.

The protocol is widely utilized in the NFT and DeFi space. Ethereum was launched in 2015, and the project was founded by Vitalik Buterin and co. Notably, Charles Hoskinson, the current founder of the Cardano network, also played an integral role in the development of Ethereum. Ethereum was created to facilitate the development of immutable smart contracts and programs. Today, the blockchain protocol has lived up to expectations, enabling developers to build decentralized applications.

One of the main advantages of Ethereum is its flexibility. Developers can use the platform to create a wide range of decentralized applications, from DeFi platforms to NFT marketplaces. Notably, the blockchain protocols native token (ETH) has made early investors a lot of money. Ether was less than a dollar for most of 2015. Today, however, Ether is valued at around $1800.

Interestingly, despite the massive growth Ethereum has experienced over the years, the protocol still has a long way to go in development. The constant innovation in the Ethereum ecosystem has led the project to continue to see tremendous success. The Ethereum Foundation implemented a means of receiving improvement proposals, that is EIPs. EIP stands for Ethereum Improvement Proposal, and it gives room for innovation in the ecosystem.

On the 12th of April, Ethereum successfully completed an EIP that has long been pending. The EIP enabled the release of staked tokens to users who had locked their ETH to enable its consensus mechanism transmission. Ethereum previously utilized the proof of work consensus mechanism but has now switched to the proof of stake consensus mechanism. This switch will enable scalability in the Ethereum ecosystem.

Vitalik Buterin noted that the successful transition of the Ethereum network from proof of work to proof of stake was not the end of Ethereums development trajectory. The protocol still has significant upgrades in its roadmap for 2023 and 2024.

When investors factor in the upcoming developments waiting on the Ethereum network, the project becomes more appealing. Ethereum currently has very strong fundamentals, and a more scalable Ethereum would attract more investors. This makes Ether a good crypto asset to invest in for long-term gains.

Solana is one of the well-known Ethereum Killers in the crypto ecosystem. The cryptocurrency made a name as an ETH-killer because of the fascinating features of its blockchain. Solana is a high-performance blockchain platform that was created to solve the scalability and performance issues faced by the Ethereum network. It was launched in 2020 by a team of developers led by Anatoly Yakovenko and has quickly gained popularity among cryptocurrency traders and investors.

Solana has magnificent transaction speed. The platform boasts a transaction speed of 65,000 transactions per second, making it one of the fastest blockchain networks in existence. This has made it an attractive option for developers looking to build decentralized applications that require high-speed transaction processing.

Solana has some disadvantages, though. While Solana stands tall in its speed, the blockchain protocol seems to be slightly deficient in centralization. This relative deficiency is understandable due to the fact that the protocol is relatively new. Newer blockchain networks tend to be less decentralized than long-standing protocols. Further, the Solana network has also been criticized for its security in the past. The blockchain network has been stopped on two occasions due to upgrades.

Despite the setbacks, the Solana ecosystem still has a strong developer community. Its strong community has helped the ecosystem and the native token to survive catastrophic seasons. Last year, during the crypto market meltdown, the SOL token was severely affected.

Its price fell from a high of $250 to as low as $50. While this price crash was massive, the worst was still yet to come. In November, when the FTX exchange was found guilty of mismanaging traders funds, the SOL token paid a part of the price. The FTX exchange held most of its assets and collateral in SOL. As the heat intensified, the exchange had to liquidate most of its collateral in FTT and SOL. That month, SOL tumbled from around the $30 mark to as low as $8.

Interestingly though, while it seemed to be the end of the road for the Ethereum killer, a light appeared at the end of the tunnel. A team of developers launched BONK, the first memecoin of the Solana ecosystem. The developers emphasized that their goal was to attract liquidity to the Solana ecosystem and rescue the dying token. Thankfully, their plans were met with success.

Late in December and early in January, memecoin fans joined the Bonk ecosystem, and the Bonk airdrop further contributed in boosting liquidity in the Solana ecosystem. At the moment, Solana still seems miles away from its all-time high. However, the token has continued to survive the crypto market storms and would be set to bounce back when a significant bull run occurs. Solana offers a compelling investment opportunity for those looking to invest in the cryptocurrency market. Its speed, low fees, and strong community support make it an attractive option for developers and investors.

PancakeSwap is a decentralized exchange running on the Binance Smart Chain network. It was launched in September 2020 and has quickly become one of the largest DEXs. Compared to DEXs built on the Ethereum network, Pancakeswap has low transaction fees. This has attracted many retail traders to the exchange.

Another advantage of PancakeSwap is its yield farming feature, which allows users to earn rewards by providing liquidity to the platform. Liquidity providers make a share of the fees generated by the exchange, and they can also earn CAKE tokens, the platforms native cryptocurrency, as a reward for their participation.

Notably, CAKE, the native token of the Pancakeswap ecosystem, was once in the top 20 ranks of cryptocurrencies by market capitalization. However, the price of the CAKE token has fallen drastically recently, and so has its market capitalization. CAKE is now ranked as the 85th largest cryptocurrency.

While its current price and decline in the past two years are discouraging, it is worth noting that the exchange has no competition on the BSC network. Cake currently has the largest liquidity for BSC projects and will continue to be widely utilized.

Additionally, the price decline presents a massive investment opportunity for investors. If the CAKE token is to reclaim its all-time high, that would be a 20X move from its current price. Factoring the projects fundamentals and its role in the Binance Smart Chain ecosystem, CAKE will have the potential to profit investors in 2023.

Undoubtedly, Tradecurve, Bitcoin, Ethereum, Solana, and PancakeSwap tokens have solid fundamentals making them great coins to invest in this year. The crypto market is full of opportunities and now is the time to invest. Notably, optimum profits are not made from well established cryptos but young, innovative tokens with real world usage. Tradecurve has all of these credentials and an exciting future ahead, now is an excellent time to get involved in the presale.

Buy presale: https://app.tradecurve.io/sign-up

Website: https://tradecurve.io/

Twitter: https://twitter.com/Tradecurveapp

Telegram: https://t.me/tradecurve_official

Continued here:

Best Cryptocurrency Investments to Buy Right Now: Solano ... - Analytics Insight

Trading View (next 2-4 weeks): We like to be slightly bearish ethereum.

Investment View (next 1-3 years): We like to hold ethereum.

Trading View (next 2-4 weeks): We like to be slightly bearish ethereum.

Investment View (next 1-3 years): We like to hold ethereum.

In our last Ethereum update, we identified three possible scenarios that could play out after the much-awaited Shapella upgrade completed on 12 April:

Now a month on from the successful upgrade, we investigate how ethereum has performed since and any changes in the staking landscape.

Ethereum price little changed. Ethereum rallied +12% in the days after the upgrade, followed by a decline in tandem with the broader crypto market (Chart 2). Currently, it is down around 2% since the upgrade, so overall there has been little movement since Shapella. Notably, several significant macro events have impacted crypto markets over the period, too (CPI, NFP, and central bank rate hikes to name a few).

What sell-off? One scenario was a sell-off induced by validators claiming their staking rewards and offloading them onto exchanges. Around 119,000 ETH entered exchanges a day after Shapella, before settling at a lower daily rate (Chart 3). This is a relatively small spike in the exchange deposits and within range of typical exchange flow patterns.

How many validators exited the validator pool? There are two types of withdrawals: partial and full. Partial withdrawals allow validators to periodically withdraw their staking rewards over time. Full withdrawals occur when a validator withdraws their entire staked ETH and any accumulated rewards and stops participating in validation. We saw a spike in full withdrawals a day after Shapella, with around 14,249 validators exiting the validator pool (full withdrawal, Chart 4).

Staking deposits rise. One possible scenario was the Shapella upgrade making more people willing to stake ETH. This seems to have played out, with the number of new 32 ETH stake deposits made into the staking contract rising exponentially post Shapella (Chart 5).

Overall, the completion of the Shapella upgrade saw staking rewards withdrawn, but with little direct impact on ethereum prices. Our original estimate of a limited impact on prices in the short to medium term seems to have played out.

The Federal Reserve (Fed) hiked 25bps, in line with market consensus and our expectations. Fed Chair Jerome Powell did not rule out a June hike and sees financial instability impacting Fed policy through a credit crunch, if at all.

April CPI showed no incremental progress on disinflation, as a large increase in used car prices offset slower inflation in other categories. Additionally, the ongoing recovery in rental indices suggests the progress on shelter cost inflation (+42bps MoM vs +56bps MoM for March) could turn out to be transitory.

April nonfarm payrolls (NFP) at +253,000 exceeded expectations of +185,000.In line with labour market tightness, wage pressures are starting to show with average hourly earnings (AHE) accelerating +0.5% MoM against expectations of +0.3% MoM. This acceleration occurred alongside a decrease in overtime hours (which tends to weigh on average wages as overtime work is paid more), suggesting a strong underlying trend in wage growth.

Markets are under-pricing the risk of a 25bp hike at the June FOMC meeting. Despite ongoing banking turmoil, the Feds assessment of the economy was unchanged: the labour market remains very tight, inflation is well above target, and the process of getting inflation back down to 2 percent has a long way to go. Should the current inflation and growth dynamics continue, and barring a debt ceiling crisis, we believe the Fed could hike 25bps in June, in contrast to a virtually 0% chance of a hike currently priced in by markets.

We have two bullish signals this week:

We have two bearish signals:

The remaining two signals are neutral:

On balance, on-chain/flow metrics are giving a neutral signal for ethereum. Here are the details of each metric (with explanations in the Appendix).

Our preferred metric to track institutional demand is flows into ethereum ETFs. The year so far has had a bias for outflows, though flows have been small in magnitude compared to recent history (Chart 6). More recently, there have been around $6mn of outflows from the ethereum ETFs we track over the past five days. This is bearish.

On exchange flows:

On balance, the bias for exchange outflows is bullish for ethereum.

On futures markets:

Futures open interest has not moved meaningfully on a MoM basis and despite funding rates remaining positive on average, their magnitude has been decreasing. Overall, this is neutral for ethereum.

On HODLer metrics:

A significant proportion of the ethereum supply remains dormant which points to a strong investor base that continues to hold despite ongoing macroeconomic and regulatory headwinds. This is bullish for ethereum.

On profitability of the coin supply:

The profitability of the coin supply has taken a small hit recently but realised profits on-chain (SOPR > 1) still dominate. Overall, this is neutral ethereum.

Of the top five DeFi protocols by total value locked (TVL), ethereums TVL is up the second highest at +5% WoW, after Trons TVL which is up +6% WoW (+1% WoW, Charts 16 and 17). All other chains in the top 5 by TVL are also up in terms of their TVL between 2% and 4% each. The increase in ethereums TVL is bullish.

Perhaps the largest institutional vehicle for ethereum is the Grayscale ETHE Trust, with over $27bn in assets. It invests solely in ETH, and so many investors, notably institutional, who cannot hold ETH directly can get exposure through investing in Grayscale. Consequently, if the trust trades at a premium to ETH prices, it may imply excess demand from institutions, but excess supply if it trades at a discount. Alternatively, the discount may suggest investors have found other ways to get exposure to ETH, whether through ETFs or directly holding ETH. We therefore focus on how the discount has changed in recent months to gauge investor interest. Alternatively, investors may be using other vehicles to get exposure such as ETFs or holding ETH directly. We put more weight on ETF flows than the Grayscale premium.

Another measure of cryptocurrency bullishness is whether investors are willing to hold it in illiquid form (e.g., a private wallet) or prefer a liquid form (e.g., on an exchange). The former would suggest investors are bullish, as they are comfortable with being unable to sell easily. Conversely, holding it in liquid form would suggest investors are bearish, as they prefer being able to sell easily.

Therefore, large flows onto crypto exchanges would suggest investors want to convert their holdings to a more liquid form, implying more bearishness.

We track the growing market of ethereum futures. Open interest the sum of long and short contracts is a good measure of investor interest.

Perpetual funding rates reveal the directional bias of investors. Exchanges set funding rates to prevent a lasting divergence in the price of the futures contract and the underlying since perpetual contracts have no expiry date so never settle in the traditional sense. Consequently, we can interpret funding rates as the cost of holding ethereum via perpetual futures. Positive funding rates imply longs pay shorts and vice versa. We use it as a proxy for trader sentiment since a positive funding rate implies traders are paying a premium to keep open long positions.

In our introductory bitcoin flow framework, we explained HODLers and HODLing. HODLing refers to buy-and-hold strategies in the context of bitcoin and other cryptocurrencies. Those who HODL for extended periods are die-hard adherents.

We can categorise HODLers by the length of time they have held ETH. We define long-term or staunch HODLers as those who bought ETH five or more years ago and have held it ever since, medium-term HODLers as those who bought 6-12 months ago, and short-term HODLers as those who bought 3-6 months ago.

The coin days destroyed (CDD) metric is defined as the number of coins in a transaction multiplied by the number of days since the coins were last spent. So, increasing CDD suggests older coins are being spent (more coin days are destroyed) and vice-versa.

When SOPR is rising, sellers are increasingly realising profits. The opposite is true when it is falling. A price rally with a flatter SOPR trend indicates investors are not yet realising their profits with the rally. The reluctance of investors to sell and realise a profit may be because they believe the price will increase further, which would be bullish. At the same time, more profit taking could precede a correction. Typically, buying as SOPR moves around one during bullish periods has proven to be a profitable strategy.

Computing power is central to the crypto market. Miners use advanced computing hardware to solve complex problems that confirm ETH (and other coins) transactions on the public ledger or blockchain. The miners are rewarded with new coins for their efforts. A measure of the complexity of the problems and so the computing performance required to solve them is the hash rate. The higher this rate, the more computing performance is needed to maintain the blockchain. The rate can fluctuate depending on demand for crypto.

We track the total value locked (TVL) in decentralized finance (DeFi) the sum of all assets deposited in DeFi protocols, many of which use ethereum as the underlying protocol. The more DeFi products are created, the more ethereum gets locked into the DeFi system and removed from the broader market. This reduction in supply should lead to higher ethereum prices.

Excerpt from:

How Has Ethereum Performed Since the Shapella Upgrade? - Macrohive

On May 9, 2023, Arbitrum, an Ethereum-based layer-2-blockchain, tweeted that it will share Ether with its decentralised autonomous organization (DAO), which has a worth of about $6.2 million, stated Cointelegraph. It is expected that ARB owners need to collect the rewards.

Sources revealed that the funds acquired will include the extra revenue made from the transactions made through the network and will also include the base fees. It is expected that about 3,352 ETH will be collected by its DAO, added Cointelegraph.

As reported by Cointelegraph, the price of sharing ETH on Arbitrum is about $0.25 and exchanging tokens is about $0.68. Reportedly, Arbitrums users paid $387,423 as fees over the last seven days, Cointelegraph highlighted.

Arbitrum has mentioned that this new strategy will align community incentives and give ARB a purpose beyond a worthless governance token. Furthermore, only a few supported this statement and some noted that this step might identify ARB tokens may serve for security purposes, Cointelegraph concluded.

(With insights from Cointelegraph)

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Excerpt from:

Arbitrum to acquire over 3,350 Ethereum as transaction fees revenue - The Financial Express