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Ethereum, Scorpion Casino and SUI have taught crypto investors a lot over the last year. So what are the lessons learned?

Everyone wants to make money and everyone wants to make a lot of it. Cryptocurrency has emerged as an option to reap significant rewards, as well as an opportunity to take part in a different type of financial world. One of the most commonly Googled phrases is How to Make Money With Crypto. So we compiled a few of the most important lessons learnt on how to do this safely and effectively. Lets get started.

Ethereums success in the cryptocurrency market teaches the importance of investing in platforms with multifaceted uses beyond just currency. Its combination of digital currency, smart contracts, and decentralized applications (dApps) creates a dynamic ecosystem that drives demand and increases its value. Investors in Ethereum benefit not only from its rising value but also from the ecosystems growth.

Furthermore, Ethereums shift to a proof-of-stake model introduces opportunities for earning passive income through staking. This highlights that cryptocurrencies with innovative technologies and multiple applications can offer varied and potentially more stable investment opportunities.

$SCORP Presale In Its Final Stage!

Scorpion Casinos Presale has illustrated a key lesson in cryptocurrency investment: the value of innovation and tangible rewards. Unique to their presale model is a system that allows investors to earn and withdraw rewards even before the official launch, a feature not commonly seen in other presales. Typically, investors must wait until after a launch date to realize any returns.

This pioneering approach by Scorpion Casino not only enhances the appeal of their offering but also demonstrates a commitment to providing immediate, tangible benefits to early investors. This strategy showcases how integrating innovative reward systems in a presale phase can attract investors looking for immediate returns, setting a new standard in the crypto presale market.

SUI hit its highest value at $1.83 on May 3, 2023, and is now stabilizing around a value of $1.24. However, its initial value was much lower and was available at $0.1. SUIs rise in the cryptocurrency market teaches a vital lesson about the significance of timing.

Investors who adeptly timed their involvement with SUI capitalized on its potential, underlining how crucial it is to understand market trends in the fast-evolving crypto world. SUIs story emphasizes that in cryptocurrency, making well-timed decisions is key to maximizing returns.

Ethereum demonstrates the value of a diverse platform, blending currency, contracts, and applications to drive growth. Its shift to proof-of-stake suggests lucrative, stable opportunities through innovative tech.

Scorpion Casinos presale model, offering early withdrawal rewards, underscores the effectiveness of innovation in attracting investors. SUIs rise highlights the critical role of timing in crypto investment, where understanding market trends is key to maximizing returns.

These cases collectively teach that success in crypto investing relies on leveraging unique platform features, whether through technology, timing, or novel models.

For more information, check out the links below.

Presale: https://presale.scorpion.casino/

Twitter: https://twitter.com/ScorpionCasino

Telegram: https://t.me/scorpioncasino_official

Disclaimer:This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

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How To Make Money With Cryptocurrency: Lessons From Ethereum, Scorpion Casino And SUI - NewsBTC

Ethereum is outperforming Bitcoin, driven by market anticipation of potential spot ETH ETF approvals.

Ethereum (ETH) is showing signs of outperforming Bitcoin (BTC) in the midterm, according to QCP Capitals latest market update report. This shift in market dynamics is linked to the anticipation of potential approvals for spot ETH ETFs.

6/ The next major crypto events are BTC halving (mid-Apr), and potential ETH Spot ETF approvals from May. In the meantime, crypto might take some direction from macroeconomic events.

Recently, the U.S. Securities and Exchange Commission (SEC) approved multiple spot Bitcoin ETFs, following which Ethers value saw an uptick of over 5%. In contrast, Bitcoins price experienced a decline of more than 6% during the same period.

QCP Capital analysts project that Ethereums upward trajectory is likely to persist, especially with the narrative shifting toward the likelihood of ETH spot ETF approvals. Furthermore, the report highlights a notable ETH/BTC exchange rate increase, rising from 0.05 to 0.06 within a week.

Upcoming significant events in the crypto space, such as Bitcoins halving in mid-April and potential spot Ethereum ETF approvals starting from May, are also expected to impact market trends.

The potential for a spot Ether ETF gained further momentum following remarks from BlackRock CEO Larry Fink, who acknowledged the value of such a product in the United States. BlackRock, the worlds largest asset manager, had previously filed with the SEC for a spot Ethereum ETF in November, following its application for a spot Bitcoin ETF in June.

The percentage of Ethers circulating supply in profit has also risen over the past week, reaching a multi-year high of 91.8%. Bitcoin has decreased to 86.2%, indicating growing investor confidence in Ethereum compared to Bitcoin.

Read more:

QCP: Ethereum likely to surpass Bitcoin in midterm - crypto.news

Arman Shirinyan

Unfortunately, crypto market has lost battle against bears this time

Shiba Inu has experienced a significant breakdown from its recent consolidation phase. The chart depicts a clear downward trajectory as SHIB failed to maintain its position within the ascending triangle pattern it had formed over the past few months.

The breakdown was signaled as SHIB prices breached the key support level at $0.000009, which had previously acted as a reliable floor for the price during consolidation phases. Following this, SHIB prices tumbled further, slicing through subsequent support near $0.0000087. This price action marked a decisive shift in market sentiment from accumulation to distribution.

The next support level to watch is at $0.0000082, where SHIB may find a temporary reprieve from the selling pressure. If this level fails to hold, the next critical support lies at $0.0000076, which could serve as the last line of defense before a more significant drop.

For a reversal to occur and for SHIB to regain its upward momentum, it would need to reclaim previous support levels and transform them back into supports. This would require a substantial influx of buying pressure, potentially sparked by positive developments within the Shiba Inu ecosystem or broader cryptocurrency market rallies.

The first sign of a possible reversal would be a return above $0.0000087, followed by a sustained move above the $0.000009 price level. A breakout above these levels, accompanied by increasing volume, could indicate that the downtrend is losing steam and that bulls are regaining control.

Solana has been developing a subtle yet potentially pivotal chart pattern. The asset has been tracing a slow and steady ascending channel, a formation that suggests a controlled and consistent uptrend. This pattern, characterized by higher lows and higher highs contained within two parallel trendlines, speaks to potential for continued growth.

The significance of this pattern lies in the momentum it could provide for SOL. Should the price action remain strong within the upper half of the channel, and particularly if it challenges the upper trendline, we could see Solana break through and embark on a more aggressive rally.

Such a bullish scenario would likely be supported by increased trading volume and positive developments within the Solana ecosystem, such as new project launches or updates that enhance network performance.

The immediate local resistance stands at around $55, and a confident push beyond this could confirm bullish sentiment. Inversely, if Solana's price dips below the channel's lower boundary, around $48, it could indicate that a bearish narrative is taking hold.

Ethereum is exhibiting signs of waning momentum, as observed in recent price movements. The asset, which has long been considered the backbone of the decentralized finance sector, is facing a pivotal moment that could determine its trajectory for the coming weeks.

The provided chart illustrates Ethereum's struggle to maintain its grasp on the market. The price has been on a downward trend, edging closer to the local 26-day Exponential Moving Average. This level, currently near $2,465, is critical; if Ethereum fails to hold this line, we might see it descend to test the more significant 50 EMA, which stands around the $2,300 mark.

The 26 EMA serves as a short-term sentiment gauge, and its breach could signal a lack of immediate bullish support. Should this level fail to act as a springboard for price recovery, Ethereum's next stop could indeed be the 50 EMA. A breach below this longer-term moving average could potentially open the gates for a test of lower support levels, highlighting the need for investors to brace for more volatility.

Market participants are now recalibrating their expectations, understanding that the road to sustainable gains is a long-term journey.

About the author

Arman Shirinyan

Arman Shirinyan is a trader, crypto enthusiast and SMM expert with more than four years of experience.

Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.

Read more:

Shiba Inu (SHIB) Rapidly Breaks Down, Ethereum (ETH) Loses Traction, While Solana (SOL) Presents Hidden Opportunity - U.Today

Bitcoin, which suffered last year from congestion as the oldest blockchain got bogged down with experiments in NFTs and tokens, could see growth of auxiliary layer-2 networks to address the network's inherent limitations, according to a new report.

Existing solutions like Lightning Network could see growth, but new projects are also in the works, according to the "Bitcoin Layers" report Thursday by the Singapore-based blockchain asset-management Spartan Group and Kyle Ellicott, who recently served as a partner at the Bitcoin Frontier Fund.

Such a trend would appear to take insight from Ethereum's architecture. Dozens of layer-2 projects have sprouted in the Ethereum ecosystem over the past year including Base, from the U.S. crypto exchange Coinbase, and big projects like Arbitrum, Optimism and Polygon are now pushing to foster additional networks based on their own blueprints.

The layer-2 networks on Bitcoin are early stage compared to those on other blockchains but are growing, according to the authors.

Bitcoin is now well placed to unlock its potential with layered architecture to mirror that on Ethereum, according to the report, arguing that the emergence of the Ordinals protocol a year ago "brought a renaissance of Bitcoin builder culture."

Ordinals enabled the network to host non-fungible tokens (NFTs) and paved the way for the BRC-20 token standard, which uses a different technology from Ethereum's ERC-20 tokens but plays off the concept.

The limitations of Bitcoin to a large extent revolve around a lack of programmability or application functionality and slow transaction speeds, the report argues.

Where Bitcoin's Lightning Network has strived to bring faster payments to Bitcoin for a number of years, other layers are aiming to bring functionalities such as programmability and application functionality to imbue utility on the network beyond storing value.

Along with Lightning, layer-2 projects Stacks, Liquid and Rootstock make up what the report refers to as the "Big Four," which on a combined basis make up the majority of L2 transactions and have focused on bringing smart contract and faster transaction speeds to Bitcoin.

The projects will need refinement so they don't fall victim to the inherent limitations of the Bitcoin network, according to the authors. One particular upgrade on the radar is Stacks' Nakamoto Release, designed to enable cheap BTC transfers on a L2, improving transaction speeds to around five seconds instead of 10 to 30 minutes or even more.

Beyond these four, there is a sizeable list of emerging innovations on Bitcoin which can fill the existing technical gaps, of which the report singles out a few.

Ark, for example, is a L2 protocol allowing off-chain payments in which recipients receive payments without acquiring inbound liquidity, with the goal of lower costs than Lightning.

MintLayer is another which is designed to act as Bitcoin sidechain optimized for DeFi-related activities.

Such developments could capitalize on Bitcoin's tailwinds from the recent listing of exchange-traded funds (ETFs) in the U.S. and the forthcoming halving to inspire new use cases for Bitcoin and in turn spurring further adoption.

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Bitcoin Could See Growth in Layer-2 Ecosystem, Drawing on Ethereum's Experience: Report - CoinDesk