Page 2,083«..1020..2,0822,0832,0842,085..2,0902,100..»

How the cloud can improve your marketing measurement – The Drum

Cloud computing is part of a modern marketing tech stack, but what does it mean for marketing measurement? Acxioms Scot Richardson, head of data science strategy and visualization, discusses the key benefits of the cloud when it comes to attribution and what marketers need to consider.

Im not a big fan of the word measurement.

Why? Because for some, it implies a one-and-done activity, and marketers too often see it that way meaning they do measurement simply for measurements sake. The campaign is over, the results are analyzed, and the process grinds to a halt with the output from a report.

But measurement was never supposed to be the end goal. It was only ever supposed to be a calibration step in the wider process of optimization. Measurement should be about taking results and acting on them. That report should be used to guide better decisions and drive improvement. The whole process should empower brands to take wasted spend off the table, re-invest it in tactics that are working or in identifying new opportunities; ultimately, maximizing return on investment, all while campaigns are in-flight.

Now, from its new vantage point in the cloud, marketing measurement can finally fulfill its promise. There is an opportunity to put measurement at the center of an optimization process that allows marketers to continuously get better, faster, smarter throughout a campaign. The cloud can deliver on the promise of measurement through its combination of connectivity, speed, and scalability.

One of the biggest barriers to improvement is marketers not knowing what to do with the results of measurement, not knowing how to implement learnings. But connectivity across the cloud ecosystem makes it far easier to pass information right back into the platforms that are actually delivering the marketing signal. Connecting solutions that are already in the cloud is relatively simple, and allows a freer flow of data, in addition to making it easier to go back to market with new audiences and optimized marketing tactics.

We often talk about the democratization of data in the cloud, but this on its own doesnt lead to better results. It must go hand-in-hand with the democratization of the toolsets marketers need to put that data to work in the right way and drive optimization. With these toolsets accessible in the cloud, businesses can choose appropriate and familiar solutions, with pre-built integrations, to help their end users gain access to data, generate insight, and take action.

The ability to build measurement and optimization processes around data and solutions that are already in the cloud lowers the barrier to marketing improvement. It also shortens the cycle for improvement through continuous optimization, setting businesses up with the capabilities they need to maximize performance and get the most out of every interaction throughout the customer journey.

The traditional campaign measurement cycle is slow to say the least. After the planning phase, creative development, and audience selection, campaigns are put in market and we wait. And we wait some more. After that long wait, during which no improvement is possible, the campaign results come in and a report is run. If any action is taken on the results of that report (and its a big if), learnings are only implemented weeks if not months after the fact.

The cloud totally changes this situation. It enables monitoring of in-market campaigns as fast as data is available which with the sizable pipes of cloud infrastructure is pretty darn fast. Marketers can access reporting and interactive visualization tools for real-time campaign measurement, and can optimize media against objective measures, across multiple channels. These solutions can be automated across the entire pipeline, so they become lights-out processes that deliver as fast as the data is cycling, and boost ROI while campaigns are running.

In addition, the cloud enables marketers to be far more agile and respond to continually changing environments. Imagine, for instance, a brand running a campaign in Google AdWords. With competitive bidders continually changing and evolving their own strategies, AdWords is a dynamic, living environment, and an approach that works today may be totally ineffective tomorrow. In the cloud, brands can understand what is working in the moment and course-correct in real time, ideally through automated processes, to make best use of spend.

And of course, this real-time measurement and optimization needs to be backed up with robust and reliable infrastructure. With cloud data centers all over the globe supporting multi-region solutions, it doesnt matter if there is an issue at one center. With redundancy and a seamless failover environment, measurement and optimization processes can continue to run day and night, without interruption.

In the past, measurement was restrained by capacity issues, and the fear of pipelines failing because there wasnt enough memory or the specified cluster wasnt big enough.

But the cloud brings the ability to auto-scale as the data dictates, especially when adopting a Platform-as-a-Service (PaaS) model. This includes scaling horizontally, to account for increases in the volume of data coming in, and vertically to layer in more resources to deal with that data and solves a multitude of problems. Always-on, expandable solutions take away the concern that there wont be enough capacity to handle a problem, because there is always more available.

Along with scalability comes increased flexibility. In the cloud, its simple for marketers to start with one measurement use case and then simply add more, as and when they need them. This flexibility makes measurement more accessible and means marketers can get started at a relatively low cost, as they only pay for what they use.

This flexibility also extends to data sources, with marketers able to bring data from a huge variety of different places such as other cloud providers, websites, and API calls. They can also deliver the resulting insights whether thats a new bidding strategy or a next best offer back to a wide range of platforms to drive action. The incredible flexibility enabled by cloud environments opens up endless opportunities for marketing measurement and optimization.

The cloud means marketing measurement is no longer a standalone activity and puts it right where its supposed to be at the center of a wider optimization process and in close proximity to the marketing platforms that feed on its insights. By moving measurement to the cloud, marketers can better understand the impact of their campaigns in the moment. With performance optimization integrated in the pipelines, they can continually optimize their investment to achieve the best possible results.

Original post:
How the cloud can improve your marketing measurement - The Drum

Read More..

Cloud Security Alliance Provides C-level Executives With Best Practices for Deploying Smart Contracts Within an Organization – Business Wire

SEATTLE--(BUSINESS WIRE)--The Cloud Security Alliance (CSA), the worlds leading organization dedicated to defining standards, certifications, and best practices to help ensure a secure cloud computing environment, today released Best Practices for Smart Contract Security Hyperledger Fabric. Drafted by the CSA Blockchain/Distributed Ledger Working Group, the report aims at providing C-level executives and other stakeholders with an overview of the benefits, challenges, and opportunities for deploying smart contracts within an organization.

Specifically, the paper provides an overview of the hyperledger smart contract ecosystem, the whys, whens, and hows of threat modeling when working with smart contracts, an overview of common vulnerabilities, and guidance on best security practices. It also includes an Accord Project hyperledger fabric and trade finance use case.

Smart contracts offer some of the highest level of encryption currently available, meaning users can be confident in the security and authenticity of their transactions, said Hillary Baron, research analyst and program manager, Cloud Security Alliance. Increasing numbers of enterprises are taking advantage of the myriad benefits smart contracts afford, however, as these contracts become more detailed and robust, the more surface area is exposed to risk. Its imperative, therefore, that practitioners deploying legal smart contracts should understand the risks associated with their execution.

Smart contracts, essentially business logic running on a blockchain, can be as simple as a data update or as complex as executing a contract with attached conditions, and can be divided into two types, namely those that:

After reading the paper, stakeholders, including C-level executives interested in learning more about the corporate benefits of smart contracts and technologists responsible for deploying hyperledger-based smart contract solutions, will have a deeper understanding of the many legal, regulatory, and security considerations that must be considered when using any smart contract.

The Blockchain/Distributed Ledger Working Group works to produce useful content to educate different industries on blockchain and its proper use, as well as define blockchain security and compliance requirements based upon different industries and use cases. Individuals interested in becoming involved in Blockchain/Distributed Ledger future research and initiatives are invited to join the working group.

Download Best Practices for Smart Contract Security Hyperledger Fabric.

About Cloud Security Alliance

The Cloud Security Alliance (CSA) is the worlds leading organization dedicated to defining and raising awareness of best practices to help ensure a secure cloud computing environment. CSA harnesses the subject matter expertise of industry practitioners, associations, governments, and its corporate and individual members to offer cloud security-specific research, education, training, certification, events, and products. CSA's activities, knowledge, and extensive network benefit the entire community impacted by cloud from providers and customers to governments, entrepreneurs, and the assurance industry and provide a forum through which different parties can work together to create and maintain a trusted cloud ecosystem. For further information, visit us at http://www.cloudsecurityalliance.org, and follow us on Twitter @cloudsa.

Read more here:
Cloud Security Alliance Provides C-level Executives With Best Practices for Deploying Smart Contracts Within an Organization - Business Wire

Read More..

Is It Too Late to Buy IBM Stock? – The Motley Fool

Technology stocks have been battered in 2022, but tech veteran IBM (IBM -0.91%) managed to resist that trend. After the stock hit a 52-week low of $114.56 last November, it rebounded and hovers around $133 at the time of this writing.

IBM's rise is attributable to a multi-year effort to transform its business, including spinning off its managed IT infrastructure services into the newly formed, publicly traded company Kyndryl last year. This was followed by an outstanding first-quarter earnings report this year.

With IBM's transition work behind it, have investors missed the investment opportunity? There's cause to believe the company offers more upside. Here are the reasons that point to a bright future for Big Blue.

Image source: Getty Images.

IBM spent years shifting its focus toward the growing cloud computing and artificial intelligence (AI) industries. The companyacquired Red Hat, a leading hybrid cloud computing company, in 2019. It promoted its head of cloud services, Arvind Krishna, to the CEO position in 2020, and completed the spinoff of Kyndryl last November.

IBM's transformation is now complete, and with Q1 being the first full quarter after the Kyndryl separation, investors can see how well the revitalized IBM is performing. Big Blue's Q1 revenue was $14.2 billion, up from $13.2 billion last year when adjusted for the Kyndryl spinoff.

The company's core offering is its hybrid cloud computing platform, which delivers a mix of a public cloud for cost savings and an on-site, or private, cloud for the storage of sensitive data, such as financial records. The hybrid cloud industry is forecasted to grow from an annual revenue opportunity of $56 billion in 2020 to $145 billion by 2026.

IBM is successfully capturing its piece of this industry. The company's hybrid cloud revenue for the trailing 12 months was $20.8 billion, a 17% year-over-year increase.

IBM's excellent Q1 results are just the start. With the hybrid cloud industry's expansion serving as a tailwind, IBM expects revenue to continue growing by about $3 billion per year from 2022 to 2024.

IBM isn't reliant solely on its hybrid cloud platform. Additional growth opportunity lies in its AI solutions. Big Blue has been working in the AI field for decades, and its current capabilities are being applied in a variety of scenarios. McDonald's is using IBM's AI to test an automated drive-through.

AI is infused in many parts of IBM's offerings. It's used in the company's cybersecurity products to dynamically recognize cybersecurity threats, in IBM's automation-related solutions, and to help analyze mountains of data for customers. IBM saw year-over-year Q1 revenue growth in each of these areas: 8% in security, 5% in its automation division, and 4% in its data and AI segment.

IBM also has a large consulting business, which helps customers select and implement IBM's technical solutions. This segment's Q1 revenue was $4.8 billion, a 17% year-over-year increase, which followed last year's 10% revenue growth.

Only the company's infrastructure segment, which sells computing hardware, saw Q1 year-over-year sales drop 2% due to the division's current IBM z15 mainframe servers nearing the end of their product cycle. The new IBM z16, the first to include a specialized AI chip, was unveiled in April with sales expected to ramp up over the coming months.

Its transformation means the new IBM offers investors a potent combination of revenue growth and a high-yield dividend, about 5% at the time of this writing.

While other companies such as Walt Disneyeliminated dividend payments after the coronavirus pandemic triggered widespread lockdowns, IBM maintained its track record of dividend payments, which stretches back to 1916. The company even raised its dividend last month for the 27th consecutive year.

IBM's dividend will remain secure for years thanks to the company's ability to generate free cash flow, which IBM expects will hit a cumulative total of $35 billion from 2022 to 2024. This factors in 2022 free cash flow coming in toward the low end of its forecasted $10 to $10.5 billion range.

This year's impact on free cash flow comes from IBM's suspension of its business in Russia following the attack on Ukraine. Although comprising less than 1% of IBM's revenue last year, the company's business in Russia was a high-margin operation, so the shutdown cuts more deeply into IBM's profits and cash flows.

Even so, IBM's overall business possesses the ingredients to continue expanding revenue and maintaining the level of free cash flow needed to fund both its growth and its dividend. For instance, Big Blue recently added the U.S. Department of Education as a hybrid cloud client, while its consulting division's customers include all of the top ten banks, national governments, telecoms, and automotive companies.

With the new IBM's era just beginning, now is a good time to invest in this tech stock to capture the revenue growth coming over the next few years -- while enjoying a hefty dividend, to boot.

Read more:
Is It Too Late to Buy IBM Stock? - The Motley Fool

Read More..

New programme on AI and cloud services to build local ICT talent ecosystem – The Straits Times

SINGAPORE - Mid-career workers who wish to upskill and enhance their employability in the infocomm and technology (ICT) sector can tap a new course on artificial intelligence (AI) and cloud services.

This course, under the SkillsFuture Career Transition Programme (SCTP) which is supported by SkillsFuture Singapore, is open to fresh graduates too.

It was officially launched during a joint announcement between Chinese multinational technology firm Huawei's ICT Academy and Singapore Polytechnic at the Huawei Singapore Partner Summit 2022 on Friday (May 20) at Marina Bay Sands.

The first run of the course, conducted over four months, will commence with 15 participants.

Singapore Polytechnic aims to conduct two classes this year, and hopes to expand these to three in 2023 and 2024. In total, it aims to train up to 120 participants in the next two years.

SCTP, introduced during Budget 2022, replaces two national schemes, SGUnited Skills and SGUnited Mid-Career Pathways - Company Training programmes, which expired on March 31.

SCTP began on April 1 and offers highly subsidised, industry-oriented training courses to help mid-career workers secure jobs in sectors with good hiring opportunities.

Singapore Poly has been recognised as a Huawei ICT Academy partner since 2020. The partnership covers the areas of pre-employment training, continuing education and training, ICT competitions and bootcamp programmes.

Mr Foo Fang Yong, chief executive of Huawei International, said: "Building a sustainable pipeline of qualified local tech talent is imperative as Singaporepavesits way into the future.

"Huawei, as a technology enabler, will continue bolstering our longstanding relationship with various local institutes of higher learning to further cultivate and grow local talent to become the leaders of our digital future."

Huawei's ICT Academy has been striving to build a healthy ICT talent ecosystem in Singapore in order to address the shortage of local ICT professionals.

Since 2019, it has forged strong alliances with nine local institutes of higher learning.

Over the past three years, the academy has trained more than 2,000 Singaporean students and certified more than 30 lecturers.

Participants in the new course will learn essential and fundamental skills in AI and cloud computing industries.

They will also be certified in five domains -computer networking, Python programming, AI, cloud servicesand storage solutions.

These modules will prepare participants for various jobs offered by Huawei and its solution partners, including AI engineer, cloud architect and storage engineer.

Eligible participants should at least hold a diploma which certifies them with basic knowledge in cloud computing, computer systems and networking.

Applicants with qualifications outside of the specified fields will be considered on a case-by-case basis.

Interested applicants can apply via this website.

Go here to see the original:
New programme on AI and cloud services to build local ICT talent ecosystem - The Straits Times

Read More..

What Are Altcoins? What Investors Need to Know – Finance Magnates

WhatIs an altcoin?

Inthe crypto world, altcoin stands for alternative coins and is simply a termused for any cryptocurrency other than bitcoin. So, that makes Ethereum, thecryptocurrency with the second largest market cap an altcoin as much as the3,000 ranked cryptocurrency.

Altcoinsare not required to be different from bitcoin as each altcoin will have itspreferred consensus mechanisms, such as proof-of-stake or proof-of-work. Forexample, bitcoin is the oldest cryptocurrency and uses the original validatormethod of proof-of-work, which is used by many altcoins today. Proof of work isresource-intensive and time-consuming, pushing more investors towards proof ofstake coins, allowing them to contribute to the blockchain.

However,altcoins do try to differentiate themselves from bitcoin through new technologylike smart contracts, PoS, or different tokenomics. Some aspects betweenaltcoins and bitcoin will always stay the same, such as peer-to-peer systems,which are embedded into the philosophy of cryptocurrency.

Sincethe beginning of cryptocurrency, with bitcoin as the spearhead, the market hasgenerally revolved around the price of bitcoin, with altcoins following itspumps and dips. Altcoins often come from bitcoin, tending to follow bitcoins'overall trends. Some of this matching can be put down to investors usingbitcoin as a major market indicator, but some altcoin graphs are similar tobitcoins that it becomes hard to ignore.

Keep Reading

However,as bitcoin dominance steadily decreases and more of the crypto market cap iseaten up by bitcoin, we start to see more independently priced altcoins, notexactly following bitcoins trajectory. We can put this phenomenon down to twomajor factors:

Simplyput, no. The term altcoin encompasses a massive group of coins, all providingdifferent utility to the crypto sphere, the term is used to differentiate themfrom bitcoin.

Cryptocurrencyis still a very new asset class, so each cryptocurrency project has its owncoin which investors buy into and often use inside of the ecosystem. Forexample, HIVE is used to navigate the platform. Later down the line, we shouldexpect major altcoins to take over as the main coin used over multipleprojects, as there is simply too much volatility for so many different altcoinsto be viably used in the future.

Remember: Altcoins can be part ofseveral categories at once.

Stablecoinshave come into existence to try and counteract the extreme volatility that thecrypto market faces. Investors can hold some value in stable cryptocurrency,without having to convert it into fiat, while waiting for the next investmentopportunity, or the perfect entry.

Examplesof altcoins would be USDT (Tethered to the US dollar, or USDC). Stablecoins arepegged to the value of a fiat currency or other more stable commodities such asgold to help hold their value.

Also,stable coins help investors get money into exchanges, without having toinstantly buy a more traditional cryptocurrency.

Utilitytokens act as a way of payment for services or to participate in an ecosystem.Each ecosystem will usually have its own unique utility token that is notmineable.

Awell-known example of a utility token is Filecoin, used to provide storage toother blockchains. The most famous example is Ethereum.

Atype of stable coin fresh in the mind of most crypto investors, meme coins aredescribed by the name, memes. Examples would be dodge coin or the recentspeculation on SHIB, based on Elon Musks dog.

Typicalattributes of a meme coin include a rapid surge in price over a short period oftime, lack of utility, and often shilled and advertised by crypto influencersor celebrities on platforms such as Twitter.

Memecoins have become rife with scams once people saw the massive potential thatcomes from playing with investors' FOMO.

Securitytokens are the closest cryptocurrency comes to traditional stocks and shares.Those buying security tokens will have shares in a company that participatesor does business on a blockchain.

Securitytokens help to validate ownership of a certain asset, providing greatersecurity than before to owners and their assets. However, when a user ownstheir own keys they are at risk of permanently losing access to the asset, asno centralized body can help them regain it.

Altcoinswhich are mining based use PoW (Proof of Work) as a way to generate new coins,the method that bitcoin uses. As mentioned before this is resource-intensiveand many altcoins are moving over to a PoS model, allowing users to participatein the blockchain themselves.

Thealternative is to have a project with pre-mined coins, which requires initialcapital to get off the ground. Coins are usually distributed during an ICO, orinitial coin offering, where investors pay Bitcoin, Ethereum, or fiat for apre-arranged amount of the essentially worthless coin. ICOs are naturally riskyas there is no guarantee these coins will ever be worth anything, having neverbeen traded before.

XPRis a massive example of a successful pre-mined coin, firmly sitting in the top10 coins by market cap.

Currently,bitcoin has a market dominance hovering around 40%, with Ethereum second justunder 20%. For an altcoin to ever flip bitcoin, we would need to see an alreadyprominent coin such as Ethereum really explode in the coming years.

Bitcoinwas the first cryptocurrency and will always be in the hearts of cryptoinvestors as the unbreakable, decentralized, permissionless blockchain, anexample for all future altcoins to follow.

Manyexperts suggest that Ethereum is capable of flipping bitcoin, but will rely ona successful Ethereum 2.0 release, executing the promises that were made aboutfaster transactions and cheaper transaction fees (Gas Fees).

However,to successfully flip Bitcoin or even Ethereum, the coin must defeat the problemof scalability, making it accessible to billions, such as Cardano.

Bitcoinhas had an early bird advantage over all other cryptocurrencies, so only timewill tell if an altcoin topples the Satoshi Tower.

Obviously,Bitcoin does not provide a solution to every problem trying to be solved bycryptocurrencies, so Altcoins are a necessity to solve the shortcomings ofBitcoin and provide actual utility across thousands of different sectors andmarkets. A task that no singular coin could finish.

Altcoinsare absolutely essential for this stage in the cryptocurrency ecosystem,providing investors with a massive choice of projects to invest in and allowingdifferent projects to show off their potential utility and use-cases while wegrow in the adoption phase.

Timewill slowly weed out useless altcoins as cryptocurrency becomes more heavilyadopted and the strongest altcoins will emerge and most likely become staplesas utility tokens across many ecosystems.

Altcoinsencompass almost all cryptocurrencies in the market, meaning as much as theyare a necessity, many come with their flaws, or are suffering from a volatilemarket. Here are the main dangers presented by altcoin investing and what youshould look out for:

Market sentiment is arguably the mostpowerful indicator in the cryptocurrency markets as massive bearish or bullishswings are common. Volatile cryptocurrencies are the most dangerous to holdduring a bearish sentiment, as there are zero guarantees they will even recover50% of their original price, especially if real-world utility is low, such asmeme coins.

Just because an altcoin has utility, does notmean the price will reflect it. We are still too early for mass adoption,meaning most utility speak is around the potential utility, making thecryptocurrency vulnerable to a massive drop in value.

Many altcoins operate on extremely low marketcaps, possibly trapping an investor's liquidity forever as trades are rare.

Do not get fooled by the term altcoin, anycoin that is not Bitcoin is an altcoin, even meme coins made by anyone withabsolutely zero value.

Thehonest truth that most altcoin investors do not want to hear is: that most, almostall altcoins, will not survive the next ten years. To see this as evidence, weonly must look back a few years at the top 100 cryptocurrencies by market capand see which ones are still there. Many projects have simply vanished out ofexistence, which will happen for our current set of altcoins now, only thestrongest will survive.

Mostanalysts predict a consolidation around the top ten, fifty, or whatever theoptimal amount of strong altcoins are needed for their utility and real-worlduse cases.

Altcoinswill always be around and only time will tell which ones survive. The mostpractical advice one can give on altcoins is to simply look for projects which yousee surviving past the adoption phase, based purely on speculation, and assessthe future utility that is possible, and what real-world problems they aretrying to solve.

Inthe crypto world, altcoin stands for alternative coins and is simply a termused for any cryptocurrency other than bitcoin. So, that makes Ethereum, thecryptocurrency with the second largest market cap an altcoin as much as the3,000 ranked cryptocurrency.

Altcoinsare not required to be different from bitcoin as each altcoin will have itspreferred consensus mechanisms, such as proof-of-stake or proof-of-work. Forexample, bitcoin is the oldest cryptocurrency and uses the original validatormethod of proof-of-work, which is used by many altcoins today. Proof of work isresource-intensive and time-consuming, pushing more investors towards proof ofstake coins, allowing them to contribute to the blockchain.

However,altcoins do try to differentiate themselves from bitcoin through new technologylike smart contracts, PoS, or different tokenomics. Some aspects betweenaltcoins and bitcoin will always stay the same, such as peer-to-peer systems,which are embedded into the philosophy of cryptocurrency.

Sincethe beginning of cryptocurrency, with bitcoin as the spearhead, the market hasgenerally revolved around the price of bitcoin, with altcoins following itspumps and dips. Altcoins often come from bitcoin, tending to follow bitcoins'overall trends. Some of this matching can be put down to investors usingbitcoin as a major market indicator, but some altcoin graphs are similar tobitcoins that it becomes hard to ignore.

Keep Reading

However,as bitcoin dominance steadily decreases and more of the crypto market cap iseaten up by bitcoin, we start to see more independently priced altcoins, notexactly following bitcoins trajectory. We can put this phenomenon down to twomajor factors:

Simplyput, no. The term altcoin encompasses a massive group of coins, all providingdifferent utility to the crypto sphere, the term is used to differentiate themfrom bitcoin.

Cryptocurrencyis still a very new asset class, so each cryptocurrency project has its owncoin which investors buy into and often use inside of the ecosystem. Forexample, HIVE is used to navigate the platform. Later down the line, we shouldexpect major altcoins to take over as the main coin used over multipleprojects, as there is simply too much volatility for so many different altcoinsto be viably used in the future.

Remember: Altcoins can be part ofseveral categories at once.

Stablecoinshave come into existence to try and counteract the extreme volatility that thecrypto market faces. Investors can hold some value in stable cryptocurrency,without having to convert it into fiat, while waiting for the next investmentopportunity, or the perfect entry.

Examplesof altcoins would be USDT (Tethered to the US dollar, or USDC). Stablecoins arepegged to the value of a fiat currency or other more stable commodities such asgold to help hold their value.

Also,stable coins help investors get money into exchanges, without having toinstantly buy a more traditional cryptocurrency.

Utilitytokens act as a way of payment for services or to participate in an ecosystem.Each ecosystem will usually have its own unique utility token that is notmineable.

Awell-known example of a utility token is Filecoin, used to provide storage toother blockchains. The most famous example is Ethereum.

Atype of stable coin fresh in the mind of most crypto investors, meme coins aredescribed by the name, memes. Examples would be dodge coin or the recentspeculation on SHIB, based on Elon Musks dog.

Typicalattributes of a meme coin include a rapid surge in price over a short period oftime, lack of utility, and often shilled and advertised by crypto influencersor celebrities on platforms such as Twitter.

Memecoins have become rife with scams once people saw the massive potential thatcomes from playing with investors' FOMO.

Securitytokens are the closest cryptocurrency comes to traditional stocks and shares.Those buying security tokens will have shares in a company that participatesor does business on a blockchain.

Securitytokens help to validate ownership of a certain asset, providing greatersecurity than before to owners and their assets. However, when a user ownstheir own keys they are at risk of permanently losing access to the asset, asno centralized body can help them regain it.

Altcoinswhich are mining based use PoW (Proof of Work) as a way to generate new coins,the method that bitcoin uses. As mentioned before this is resource-intensiveand many altcoins are moving over to a PoS model, allowing users to participatein the blockchain themselves.

Thealternative is to have a project with pre-mined coins, which requires initialcapital to get off the ground. Coins are usually distributed during an ICO, orinitial coin offering, where investors pay Bitcoin, Ethereum, or fiat for apre-arranged amount of the essentially worthless coin. ICOs are naturally riskyas there is no guarantee these coins will ever be worth anything, having neverbeen traded before.

XPRis a massive example of a successful pre-mined coin, firmly sitting in the top10 coins by market cap.

Currently,bitcoin has a market dominance hovering around 40%, with Ethereum second justunder 20%. For an altcoin to ever flip bitcoin, we would need to see an alreadyprominent coin such as Ethereum really explode in the coming years.

Bitcoinwas the first cryptocurrency and will always be in the hearts of cryptoinvestors as the unbreakable, decentralized, permissionless blockchain, anexample for all future altcoins to follow.

Manyexperts suggest that Ethereum is capable of flipping bitcoin, but will rely ona successful Ethereum 2.0 release, executing the promises that were made aboutfaster transactions and cheaper transaction fees (Gas Fees).

However,to successfully flip Bitcoin or even Ethereum, the coin must defeat the problemof scalability, making it accessible to billions, such as Cardano.

Bitcoinhas had an early bird advantage over all other cryptocurrencies, so only timewill tell if an altcoin topples the Satoshi Tower.

Obviously,Bitcoin does not provide a solution to every problem trying to be solved bycryptocurrencies, so Altcoins are a necessity to solve the shortcomings ofBitcoin and provide actual utility across thousands of different sectors andmarkets. A task that no singular coin could finish.

Altcoinsare absolutely essential for this stage in the cryptocurrency ecosystem,providing investors with a massive choice of projects to invest in and allowingdifferent projects to show off their potential utility and use-cases while wegrow in the adoption phase.

Timewill slowly weed out useless altcoins as cryptocurrency becomes more heavilyadopted and the strongest altcoins will emerge and most likely become staplesas utility tokens across many ecosystems.

Altcoinsencompass almost all cryptocurrencies in the market, meaning as much as theyare a necessity, many come with their flaws, or are suffering from a volatilemarket. Here are the main dangers presented by altcoin investing and what youshould look out for:

Market sentiment is arguably the mostpowerful indicator in the cryptocurrency markets as massive bearish or bullishswings are common. Volatile cryptocurrencies are the most dangerous to holdduring a bearish sentiment, as there are zero guarantees they will even recover50% of their original price, especially if real-world utility is low, such asmeme coins.

Just because an altcoin has utility, does notmean the price will reflect it. We are still too early for mass adoption,meaning most utility speak is around the potential utility, making thecryptocurrency vulnerable to a massive drop in value.

Many altcoins operate on extremely low marketcaps, possibly trapping an investor's liquidity forever as trades are rare.

Do not get fooled by the term altcoin, anycoin that is not Bitcoin is an altcoin, even meme coins made by anyone withabsolutely zero value.

Thehonest truth that most altcoin investors do not want to hear is: that most, almostall altcoins, will not survive the next ten years. To see this as evidence, weonly must look back a few years at the top 100 cryptocurrencies by market capand see which ones are still there. Many projects have simply vanished out ofexistence, which will happen for our current set of altcoins now, only thestrongest will survive.

Mostanalysts predict a consolidation around the top ten, fifty, or whatever theoptimal amount of strong altcoins are needed for their utility and real-worlduse cases.

Altcoinswill always be around and only time will tell which ones survive. The mostpractical advice one can give on altcoins is to simply look for projects which yousee surviving past the adoption phase, based purely on speculation, and assessthe future utility that is possible, and what real-world problems they aretrying to solve.

Visit link:
What Are Altcoins? What Investors Need to Know - Finance Magnates

Read More..

Crypto Analyst Predicts 1 Altcoin Will Fall Down Hard Is It Cardano? – NewsBTC

Pseudonymous crypto trader and analyst Capo tweets that Cardano (ADA) is bound to go on a massive downward trend.

This popular crypto trader with over 307,500 followers on Twitter predicted a massive plunge before the coin finishes its five-waved downward trajectory following the Elliott Wave Theory.

The Elliott Wave Theory pertains to a technical analysis that can predict price action by looking into mind psychology or crowd behavior that can be seen in waves.

Based on the theory, the crypto asset would always go through a predictive five-wave cycle before it makes that pivot or reversal.

Suggested Reading | NFT Prices Take A Beating After Crypto Market Chaos

According to Capo, ADA is on its way to completing the fourth wave which means its ready for that final wave.

Cardano is currently trading at $0.55 which is categorically 45% above the target price point of $0.30.

Cryptocurrencies recovered quite a bit on Friday but crashed today which appeared to be a roller-coaster ride of sorts.

The erratic market moves have been worrisome for many crypto traders and investors alike. Bitcoin (BTC) has fallen by 3.6% and Cardano (ADA) went down by 6.65%.

Suggested Reading | LUNA Not Alone In Crimson: APE, AVAX, SOL, SHIB All Lose 20% In Crypto Crash

With the Federal Reserve pulling a tight rein on monetary policy, there isnt a hint of a bullish trend. With the way things are going, many traders are looking for safer crypto assets compared to riskier ones.

Meanwhile, Capo is also keeping a steady eye on STEPN, a move-to-earn app built on the Solana blockchain. Capo says that he is looking at a significantly low trading value of $0.60. Looks like GMT is heading down the basement, as he describes. GMT is currently trading at $1.52.

Outlook for Bitcoin looks good as it continues to correct after going over the key support locked in at $30,000. The $30,000 support supposedly jarred it. A two-day candle has closed right below it and currently tapping that zone as support. At this point, this spot is still not good for buying.

Adding salt to the wound is the miserable turnout in the market value of TerraUSD that is pegged to USD. Its now priced at $0.18 this week. Meanwhile, TerraUSD is mapping out a recovery plan this week.

Overall, Cardano is more volatile compared to Bitcoin although it appeals greatly to the broader market, in general.

Bitcoin has more promise to be bullish for the long term compared to other coins, including ADA.

Follow this link:
Crypto Analyst Predicts 1 Altcoin Will Fall Down Hard Is It Cardano? - NewsBTC

Read More..

Experts predict massive drop in Ethereum before altcoin begins recovery – FXStreet

Though Bitcoin price dropped in the recent downtrend in the cryptocurrency market, analysts believe Ethereum could decline further before the altcoins trend reverses. Ethereum price could plummet ahead of Bitcoins fifth wave according to a leading cryptocurrency analyst.

In the market-wide cryptocurrency bloodbath, Bitcoin price suffered a negative impact. Analysts believe Ethereum capitulation could occur before a trend reversal. The recent drop in Bitcoin price is considered a precursor to a price rally in the asset, according to the Elliottwave Theory.

Ethereum price has sustained above its key psychological level at $2,000. The short to medium-term outlook on Ethereum is bearish. The altcoins price could plunge to support at $1,930 before a trend reversal in Ethereum.

The recent steep decline in the altcoins price was derived from Ethereums correlation with Bitcoin and the bloodbath in US tech stocks and equities.

With the recovery of US Stock indexes and Bitcoin price, Ethereum is on track to make a comeback. @CredibleCrypto, a crypto analyst and trader, evaluated the Ethereum price trend and noted that Bitcoin dominance will hit major support.

Ethereum price against Bitcoin is yet to break down and make its way to the red line, since capitulation is expected to occur in BTC. According to the analyst, the drop in Bitcoin price could have been a precursor of a massive pump or dump, and Ethereum could witness a bullish reversal ahead of Bitcoins fifth wave, based on Elliottwave Theory.

The theory implies that the fifth wave of the asset would be a significant rally, pushing BTC higher than its previous all-time high.

See the original post:
Experts predict massive drop in Ethereum before altcoin begins recovery - FXStreet

Read More..

Chainlink (LINK), VeChain (VET) and One More Altcoin Nearing Potential Trend Reversals, Says Top Crypto Ana… – The Daily Hodl

Widely followed crypto analyst Michal van de Poppe says three popular altcoins are nearly ready to bounce back, starting with decentralized oracle network Chainlink (LINK).

The crypto tradertells his 601,300 Twitter followers that while LINKs price action has been worrisome, hes predicting it finds support and ignites rallies in the near future.

Not the most beautiful chart, but this is my scenario at this point.

In that case, Im expecting a continuation towards $12.50 to be happening, before a bearish rejection and some retests, after which the bull starts again.

Chainlinkis trading for $7.61 at time of writing, up nearly 4% on the day. A move to $12.50 would represent an approximately 64% increase.

Van de Poppe next evaluates VeChain (VET), an enterprise-solution-focused blockchain. Though the altcoin has fallen far from all-time highs, the crypto trader thinks VET is almost out of its bear market.

This one is relatively simple.

Lost the support around $0.045 and started falling down towards the high of the previous cycle in 2020.

Expecting that to be a massive resistance and some sideways action.

Should be relatively done with the bear market.

VeChainis trading for $0.032 at time of writing, up nearly 3% over the last 24 hours.

Van de Poppe also takes a look at the native token of Verasity (VRA), a next-gen video-sharing blockchain platform. Though he says the altcoin has already had a dramatic bear market, the trader foresees VRA re-testing its lower levels before reversing.

VRA

This one is having a heavy bear market.

The ultimate low could be $0.0035, but thats depending on the market structure.

Overall, expecting a little more upwards momentum of around 40-60% towards $0.012 for a bearish retest.

Verasityis trading for $0.0088 at time of writing.

Featured Image: Shutterstock/Motorpig

Go here to read the rest:
Chainlink (LINK), VeChain (VET) and One More Altcoin Nearing Potential Trend Reversals, Says Top Crypto Ana... - The Daily Hodl

Read More..

Ethereum-Based Altcoin Soars 28% In Just One Week As Crypto Whales Dive In: Santiment – The Daily Hodl

One decentralized finance (DeFi) altcoin is dramatically outperforming the vast majority of the crypto markets amid a major market correction.

Maker (MKR), the 52nd-ranked crypto asset by market cap, is up more than 28.5% in the past seven days, trading for $1,570 at time of writing.

MKR is the governance token that supports DAI, a stablecoin that aims to stay pegged one-to-one to the US dollar without any banks, governments or third parties. Amid the collapse of fellow stablecoin TerraUSD (UST) last week, DAI largely kept its peg intact. Its trading at $1.00 at time of writing.

The crypto markets stumbled with the news with leading assets Bitcoin (BTC) down more than 2% in the past week and Ethereum (ETH) down nearly 12%.

Crypto analytics firm Santiment notes that Maker has witnessed major whale activity and a large spike in $100,000+ transactions in the past couple of days. The firm says key stakeholders own an all-time high in MKR supply.

Data science company IntoTheBlock reports addresses holding at least 0.1% of MKRs total circulating supply and currently own 85% of Makers overall supply. The firm adds that 51% of addresses have made money on their MKR holdings, compared to 39% of addresses that have lost money.

Featured Image: Shutterstock/Natalia Siiatovskaia/Tithi Luadthong

More:
Ethereum-Based Altcoin Soars 28% In Just One Week As Crypto Whales Dive In: Santiment - The Daily Hodl

Read More..

Top Crypto Analyst Predicts Massive Price Dive for Cardano, Says One Solana-Based Altcoin Will Go Down t… – The Daily Hodl

A widely followed crypto trader is predicting further corrective moves smart contract platform Cardano (ADA) and one of this years trending altcoins.

Pseudonymous crypto analyst Capo tells his 307,500 Twitter followers ADA is poised for another leg down before it completes its five-wave downtrend, based on the Elliott Wave theory.

ADA

Fifth wave missing.

Main support is $0.30 $0.35.

The Elliott Wave theory is a technical analysis approach that attempts to predict future price action by following crowd psychology that tends to manifest in waves. According to the theory, an asset goes through a five-wave cycle before a major market reversal.

Capo says that ADA is about to complete its fourth wave, suggesting the coin is ready for a final flush. Cardano is trading at $0.55 at time of writing, which is 45% above the analysts downside target of $0.30.

Capo is also keeping a close watch on the move-to-earn protocol STEPN (GMT) which is built on the Solana (SOL) blockchain. According to the crypto strategist, he sees GMT trading as low as $0.60.

GMT has come home, but now it has to go down to the basement.

GMT is trading at $1.52 at time of writing.

Looking at Bitcoin (BTC), Capo says he expects BTC to continue correcting after breaching the key psychological support of $30,000.

After the fifth touch of the $30,000 support, it broke it. Previous two-day candle closed below it, and now its testing that zone as support. In my opinion, this is not a good spot to buy. It hasnt even reclaimed that level on a high timeframe close. $21,-$23,000 still in play.

Read this article:
Top Crypto Analyst Predicts Massive Price Dive for Cardano, Says One Solana-Based Altcoin Will Go Down t... - The Daily Hodl

Read More..