Bulls (buyers) seem to be losing control over the crypto-leading token bitcoin (BTC) as it is now standing at a support level of $44,000. Bitcoin has been losing to red after traders saws something fishy with bitcoin (BTC).
Bitcoin (BTC) continued its journey towards the downside into Wednesday's Wall Street which opens with it testing the $44,000 support level for the first time since the beginning of April.
BTC price hovering around two-week lows
After analyzing data from Cointelegraph Markets pro and TradingView it is concluded that BTC/USD has reached 12-day lows of $43,801 on Bitstamp, that's down more than 7% from the month's high.
This move has to flout positive triggers in the form of some fresh buy-ins from Terra and MicroStrategy, but experts were instead expecting macro factors as the next potential BTC price catalyst, a positive catalyst.
According to a renowned portfolio manager at asset manager Robeco, Mr. Jeroen Blokland, The United States 10- year old treasury yield has to remain on an uptrend throughout the year and should now take a turn in another direction and should provide some rest for risk assets.
He stated, "We are not there yet".
US Federal Reserve utters
While potentially going against them, the U.S. Federal Reserve has disclosed that May is expected to bring the start of "aggressive" balance sheet reduction, which will result in an end to the "easy money" policy, which many were afraid would pressure risk-asset demand.
“It is of paramount importance to get inflation down,” future Federal vice-chair Lael Brainard put his thoughts in the comments at a conference this week, mentioned by Financial Times among others.
Inflation continued to cause inconvenience to the sentiment beyond the U.S., looking at current stats, with eurozone annual producer price inflation rising to new highs by the most on record in February- it's over 31%. As we see the current scenario after the Russia-Ukraine war future readouts are likely even higher.
Hold it strong, the current spot price zone
In such a critical situation like this, the experts were prepared to cut spot some slack, claiming for $44,000 to be a strong bullish foundation and be held hard and strong.
Speaking of experts, many do see this as a potential buying opportunity to get into the market and push the prices high, why so? Because EMA's are aligned in the same manner and with this happening we also do see price testing the 200 level at 0.618 retracements.
All of this is to break out and exit a 2-month long accumulation period. Also when we do see the price action we can see a triangle pattern forming from the beginning of Feb to end of the Mar and this seems like a potential breakout that is now being retested at 200 levels.
Those who were seeking an opportunity to go long on BTC should consider this as one. According to the experts if we could hold this level of 44-45K zone then odds might be in our favor and we are probable to continue up the mid-50s as triangle breakouts are one of the strongest patterns.
Concluding with the Expert
Private fund manager and CryptoQuant contributor who's known for his popular Twitter account Gaah placed his thoughts into words saying, $44,000 was a key level to be taken well care of to avoid a potential down move of the market to such a level as $37,000.
“Something is off and the coming days will show what is happening,” trader crypto Ed added in a lot more concerned tone.
In his recent YouTube update he came open and stated a failure to hold the $45,000 mark might open up the road to the low $43,000s, he said.
Before getting into the sophisticated stuff let's first get into INFLATION itself, leap to know what it is and how is it going to affect a normal citizen.
In simple words, INFLATION is the loss of value of a currency. If a person could buy a piece of land for 100$ in the 1990s that same would not apply to today's scenario, this is because that particular currency has lost its value over a while. Statistically, Inflation is growing at a rate of 6% annually! A decent shock to one's pocket, so how are we going to beat it?
TOOLS TO BEAT INFLATION
As time affect the value of cash, many people have now used multiple tools to protect their hard-earned money by putting it into investment tools like, real estate, gold, mutual funds, stocks, and now cryptocurrency being the latest of all. Despite its arrival, the question remains the same; will it be keeping up with inflation?
Let’s look into each of these and see how they stood against Inflation
Gold is a tool that is provided from one generation to another but statistically speaking gold has had times where it has shown negative value like in the 1980s when it was supposed to hedge against inflation it kept falling. But also in a time of crisis when the market goes south, gold acts as a shield for an investor's portfolio.
Real estate is another tool that is/was supposed to protect us against inflation but after the US Housing market crash; it is a big hit to make us think of another way around it as an investment tool, the data from the National Association of Realtors (NAR) shows a fall of 13% in sales, from 554,000 to 482,000 in March 2006.
Stocks as a modern-day weapon to fight against inflation, let's be honest here. When it comes to stocks an investor needs to know the very basics of a company's business, operation, management, customer base, liabilities, assets, debt, etc. A fundamentally strong company is considered a good-to-go option for asset accumulation, but does every investor is well aware of it?
Some stocks do help as a good investment to protect the overall value of a portfolio and very often go up in value but it becomes very important to pick such stocks and not be shaken by a small correction in the market.
BITCOIN, could it be a proper vehicle to ride over the terrain of inflation? Supply and Demand are a big factor playing in its favor as Bitcoin has a limited supply and because of its previous performance, everyone seeks to own a piece of it and the demand keeps rising over time.
Limited supply introduces scarcity among people; the supply of BITCOIN has been limited to 21 million coins and by the end of 2021, 83% of these coins have already been mined and are in circulation, a total of 18.77 million of these.
Decentralization is another big factor for it as no single body governs Bitcoin. With millions of nodes working together across the globe it becomes almost impossible to break in and attack its monetary policies.
The Bottom Line
Every investment tool had its time and with the generation gap there are so many different investment tools that come into existence to the very old times only land and gold used to be sheltered under the tag of the asset but over time we had stocks and that is something we still use to look for the economic performance of a nation but the returns that we have registered with BITCOIN is something different.
As an asset, Bitcoin has worked mind-bogglingly well and it has beaten inflation by a huge margin. Statistics also reveal that Return on Investment (ROI) with Bitcoin is significantly higher than with Real estate, gold, or stocks.
Nowadays, many companies are inviting influencers to be a part of metapreneurs. This is a whole new concept where you can easily meet people with your virtual avatar, yes this sounds crazy but this is true. Imagine you wake up and you want to go to meet with people by just putting smart glasses on you can meet with real-time experience, shopping with friends, sports, and many more things.
Influencers play a major part in increasing sales by attracting customers. Everyone nowadays looks up to influencers like what brand they wear, designer bag, makeup, and cars everything related to influencers people are ready to copy and companies are taking advantage of this opportunity.
Companies are promoting their brands with the help of influencers but what's the use of metaverse in it, so the answer is influencers are now promoting with their virtual avatars. This new concept creates buzz among people, and that’s why influencers are now ready to be a part of matapreneurs.
This is not some future vision or theory it's very close and this new world is called the metaverse. It's a new way of interacting with customers.
WHY INFLUENCERS ARE IMPORTANT?
Today Cell phones are a crucial part of today's world, we can not ignore the usage of phones and their countless advantages which makes our life easy. From starting our day to late at night people use cell phones and they are engaged most of the time on their phones and it’s a limitless opportunity for companies to sell their products and services.
People are spending a lot of time watching content creators so now you can imagine how impactful these content creators are, they can easily convey their message and give advice to interested customers.
EARLY ADOPTERS
Metaverse provides great opportunities for businesses but it is more beneficial for those who are early adapters. Companies that know the importance of social media are always benefited. People's high engagement on these platforms provides companies to promote their brands.
Now social media is not just about uploading pictures, or making videos it is more than that, influencers are now ready to interact with people with the help of their virtual avatar. Virtual avatar provides a different aspect of interaction with customers which is very interesting.
Metafluence bridging the gap between influencer marketing and metaverse opens a new gateway for content creators to interact with people. For ex, Travis Scott performed at Fortnite with his avatar which was liked by his fans and made $20 million.
Recognizing the unfulfilled needs, metafluence gives a solution to these problems by providing blockchain technology which helps to solve many issues.
CONCLUSION
With the help of metafluence, influencers can take full advantage of their social media power but now due to the metaverse tool, the difference is that audience can reach out in real-time discussions and many activities like gaming, meeting, visiting places, and more. Many big companies have already invested in these projects.
In the coming years metaverse changes the whole picture of social media. Imagine your favorite food vlogger now with the help of metaverse you can cook together and share the same experience this new world is so magical that you don’t have any limits. If we recognize on time possibilities are endless for any company as competition in the market is extremely high if you want to stay ahead of the game you have to take full advantage of metafluence.
It all depends upon the companies that are ready to be a part of the digital shift because metaverse has already opened the gate for big opportunities.
We are in the 21st century where women are equally important as men. We can not ignore that for any country to grow it is very essential part is that women also participate in the country's growth and for that gender equality must be needed. Women should get proper education and opportunities for their growth.
Empowering women by giving them economic opportunities and ending gender gaps is key to growth. Women are facing lots of issues in the past decades, for the same work they are not getting the same payment, violence, and harassment in work and it's not the condition of any specific country it is all over the world.
For every woman financial independence is highly important but when we talk about the crypto world women hold a low percentage as compared to men, but now the scenario started changing many women taking active participation in the crypto world.
THESE WOMEN GIVE TOUGH COMPETITION TO MALE-DOMINANT CRYPTO WORLD
These are the women who are changing the world of crypto.
TAVONIA EVANS
She is the lead engineer and founder of GUAP coin. Evans told that she is taking the help of crypto for ending the wealth gap and also assisting black-owned businesses in the United States, she also added that her company also gained more profit than ever before.
LISA WADE
Lisa wade is the official founder of NEOMI, it connects charity entrepreneurs who are willing to raise capital with investors which are searching for impactful investments. She is highly active with the issues which are faced by women in the financial sector which automatically led them back.
OLAYINKA ODENIRAN
Olayinka is the chairperson and founder of (BWBC) Black Women Blockchain Council. Olayinka is working for increasing the number of black women blockchain developers in the year 2030.
MALIHA ABIDI
She is a Pakistani American author and internationally praised visual artist and Women rise NFT is also founded by Maliha in which women from all over the world who are artists, scientists, activists, and coders are united.
LAVINIA OSBOURNE
She is the founder and host of (WIBT) Women In Blockchain Talks, this is a woman's educational platform where women with the help of a network learn about blockchain in the United Kingdom.
JEN GREYSON
Jen is the board member for (KBA) Kerala Blockchain Academy and also Utah based advocate of women’s empowerment through cryptocurrency. She will be coming with the NFT podcast ideas which help females increase crypto knowledge.
MANASI VORA
Manasi became the first investment DAO that helps women in funding and non-binary crypto founders. She is also working for Women In Blockchain whose main focus is to mentor women about crypto and blockchain. This idea is very unique as it helps women to participate, inspire, collaborate and learn from each other.
ROYA MEHBOOB
Roya Mehboob is not just an activist but also one of the female CEOs in Afghanistan before the Taliban took control over the country where hardly any women take part. She is also the founder of (ACSC) Afghan Citadel Software Company where more than half of the employees are women.
She is also taking an active part in educating females about technology and finance.
ALANKANANI ITIRELENG
She is also called a bitcoin lady and also the CEO of Santoshi center where the main of the community is to provide proper education about how we can make money with the help of crypto and bitcoin.
CONCLUSION
Now cryptocurrency is not just a boy club anymore, women are also seen taking interest and also women's participation increased in past years which lead to economic growth because women are the pillars of growth for any economy.
In today's world crypto is like a new trend it's an ongoing buzz, now, financial institutions, companies, and government bodies everyone showing interest in these digital currencies. No doubt it provides to enter new gateways which never be possible without it. There are no boundaries for crypto the world is one place.
Even if crypto is everyone's mouth but people always hesitate or are not comfortable investing money in crypto due to trust issues or several reasons. For retaining the trust of customers it is very important to build a trustable platform so that they can easily invest in crypto.
Payment platforms work a big role in building trust in customers if you want to increase users you have to provide trustable payment methods. In the crypto market, users have anonymous choices when it comes to choosing between different assets.
PROBLEMS FACED BY USERS
For an increase in the adoption of crypto, it is highly important to have a safe payment platform. In a study, Banxa revealed that around 62% of users whose transactions failed never use the service again which means you are losing two-thirds of potential customers which is huge.
It not only failed payments but also fraudulent transactions also change the customer conversion.
BEST PAYMENT GATEWAYS FOR CRYPTOCURRENCY
COINGATE
Coingate is an old and most trusted gateway for cryptocurrency, it helps to solve many issues regarding transactions that users face during processing. Coingate provides user-friendly apps that help users to watch all the payments on their phones which makes it very easy and fast.
COINPAYMENTS
Coinpayments is one of the best platforms we have it is not only safe but also very cheap as it only charges 0.50% fees as transaction fees which is very low as compared to other platforms. This gateway supports n number of cryptocurrencies like, repel, bitcoin, Litecoin, and more.
NO PAYMENTS
It is a non-custodial crypto payment that allows you to accept payment in 75+ cryptocurrencies and the best part is it has an auto coin conversion tool available. Regardless of what users pay merchants have the power to accept the coin which they prefer and it converts automatically.
It also provides tools like API, widgets, invoices, Zencart, open cart, and more.
BITPAY
Bitpay is a US-based payment gateway that is one of the best simple gateways in the market we have. It allows you to do payment transactions globally with high security and it accepts multiple currencies as well.
It permits bank deposits across 38 countries and transaction fees are only 1%. Bitpay facilitates a simple and user-friendly gateway with a multi-user facility.
SHOPIFY
Shopify is a trustable and secure payment gateway in the market. It not only provides secure payments but also accepts crypto payments from anywhere in the world at any time. Shopify provides very interactive features including APIs, low transaction fees, and fast payments without the hassle and the best part is we can use it on PCs, mobile, and tabs also.
But only one problem with Shopify is that the merchant needs to register in a Shopify account first.
GoURL
Gourl provides a high degree of anonymity and also works well with major crypto wallets. It provides clear payment breakdowns which make it easy. In Gourl you don't need to link your id or bank account. Gourl charges 1.5% of transaction fees which is higher compared to other platforms.
CONCLUSION
For any business customer is king if you want to retain in the market you have to take care of customer needs this payment gateway provides safe and secure options for users which helps them to invest more. You have to educate yourself and then choose the best possible payment gateway which suits your needs.
