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Crypto Bubbles and the Prospects of Cryptocurrency
Like any enterprise with brokers and actors, the crypto market goes through phases of highs and lows. Even though these phases are diametrically opposite, they each have their pros and perks. For the sensitive crypto trader, the best phase turns into a bubble inside which they can make a lot of money and secure assets that will bring even more money later.
So, what is a crypto bubble and what implications does it have on the prospects of crypto trading and investments in the years to come?
Crypto Bubbles at a Glance
Crypto bubbles are periods during which the prices of crypto tokens are at a radically different height than normal. Specifically, crypto tokens or assets sell for higher than they should, thereby allowing their holders to make money within a short while. Thus, the shorter the window of opportunity, the more profit crypto traders typically make, and vice versa.
Crypto bubbles develop from the interplay of numerous social and economic components, for example, the demand for a particular token or the projected prospects of a particular asset. Each of these components can be traced back to an expectation that develops as a response to a situation. The result is a crypto bubble where the price of a crypto asset usually quickly rises above its actual value and forms the basis for a crypto trader’s profiteering.
Generally speaking, crypto bubbles arise from a number of situations. These include:
- The price of a crypto asset suddenly nearing all-time-high levels and resulting in high expectations regarding its prospects;
- The high expectations of crypto actors and agents further stimulating the crypto asset, thereby causing even more rise in price.
So, the more crypto actors (traders and investors) are attracted by the upward price trend of the crypto asset, the higher the price will go. Eventually, the asset will be priced for much higher than it is worth, in which case its holders can enjoy significant profits trading it.
What Crypto Bubbles are Not
Crypto bubbles are not periods of fluctuating prices of crypto assets. As a rule, price volatility is a fundamental characteristic of cryptos. So, when the price of a crypto asset A rises to a new all-time-high and then falls to a new all-time-low within a short period, that is not a crypto bubble.
Also, crypto bubbles do not have a specific time limit. This often makes it difficult to recognize them immediately. So, if you notice that the price of a crypto token has been rising by 5 units every 10 minutes for 4 hours only to dip, you can be sure that that is not a crypto bubble.
Lastly, even though crypto bubbles are seemingly random, they can usually be explained. As noted earlier, these bubbles can be traced to actual (that is, real-life) social and economic conditions, factors, or dynamics. So, if nobody can make sense of why the price of a crypto asset is rising, it is highly possible that it is not a crypto bubble.
Uncertainty and Unpredictability as the Roots of Crypto Bubbles
The crypto industry has been experiencing a lot of downtime recently. Although some critics insist that this is proof that the industry is falling out of favor with market forces, we know that this is not the case. First, there is a global economic crisis and it is affecting crypto. Second, the ups and downs of the value of many popular cryptos could bring about positive trends in the long run.
From what we know of crypto bubbles, it is the scarcity of information regarding when it starts that makes it a profitable period for crypto traders. If every trader on the block has their eyes on an asset about to spark off a crypto bubble, the bubble will burst in no time. This is one of the reasons unpredictability can be a plus for smart crypto traders since it typically shrouds bubbles from public view until it can no longer do so.
So, if you want to take advantage of a crypto bubble, you could do the following:
- Observe a popular crypto asset that has noticeably dipped in value.
- Research the viability of its returning to the peak within a particular period.
- Watch out for social and economic events that could spark renewed investor interest in the asset.
- Plug in to the bubble and wait for it to form.
This is not the be-all and end-all of what it takes to seize the initiative and make early and long-lasting profit from crypto bubbles. But it works and helps you see beyond the shroud of uncertainty and unpredictability. An easier way is to keep track of assets with rising prices and wait for said prices to rise above the norm and stay there for a while.
The Prospects of Cryptocurrency
Crypto analysts will never get tired of speculating what great changes the crypto industry will introduce to the world of finance and business management. In reality, we know that the changes will certainly be multidimensional, so it will help you to know what crypto can and cannot do.
Crypto came to the rescue of Ukraine when it was invaded by Russia. That demonstrated that it could revolutionize national finance and tip international borders. Furthermore, it was one of the most convincing proofs that crypto was the future of decentralized finance, whether within the context of national sustainable growth and development or on an individual level.
There are great expectations for the crypto industry. The setups of business organizations will certainly be transformed with the global-scale implementation of smart contracts. New technologies and technological innovations will have to be developed to accommodate the rapidly growing system of blockchain operations and management. Retrieval systems will change, and so will the way the internet interacts with the flow of information. We are already seeing this with Web 3.0.
On an individual level, you will be able to better manage your resources, especially your finances. The extent to which big businesses can access and use your information will also change. So, the future of cryptocurrency is looking genuinely bright and beautiful.
Of course, there are dangers and risks to this future. In the absence of some regulatory standards, the system can be abused to take advantage of people and swindle them. So, while you can place your trust on the crypto system, some of its actors are bad news.
Thankfully, there are reliable centralized crypto platforms around. Some of these, like Kyrrex, are radically innovative as one-stop crypto-fiat banks. You can trust these ones while enjoying the occasional crypto bubble and anticipating the goodies of the imminent crypto future.
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What are Crypto Gaming Coins?
Crypto in gaming remains one of the most innovative blockchain application use cases. Since its introduction, developers have come up with more creative ways to boost user appreciation of the crypto industry and improve the convenience of earning money. Game coins are among the most popular cryptos, going head-to-head with NFTs in terms of appeal.
To effectively utilize these gaming crypto coins, you should understand what they are, how they work, and the best ones available at the moment.
What is Crypto Gaming?
Crypto gaming is the fundamental application of cryptocurrencies in online gaming. It encompasses everything that connects gaming with cryptocurrencies, including the valuation of gaming assets and how these assets encourage a more profitable approach to gaming activities.
Crypto gaming involves the creation of digital assets that represent in-game items such as items, characters, and even user experiences. It allows users to exchange some of these assets for specific crypto coins created for each game.
Through crypto gaming, users can access a wider range of opportunities to utilize cryptocurrencies directly or indirectly. Direct crypto usage refers to immersive experiences for the user, such as engaging in virtual missions, competing with other users, and more. Indirect crypto usage involves purchasing in-game assets from active crypto gamers and selling these assets to other gamers.
Types of Crypto Gaming
Crypto gaming operates on game finance (GameFi), which is a subset of decentralized finance (DeFi) focused on virtual gaming. As the applications of crypto gaming continue to evolve with the introduction of various types of crypto gaming, understanding each type has become an asset in itself.
Among the most popular of the different types of crypto gaming are adventure gaming, social trading, and crypto gambling.
1. Adventure Crypto Gaming
Adventure gaming is the most common type of crypto gaming. As the name suggests, users create game avatars that become part of a virtual narrative and embark on missions, participate in tournaments, and engage in various activities found in traditional adventure games. The exciting aspect of this type of crypto gaming is the ability to compete with other users and even form teams with friends.
Adventure-type crypto gaming usually relies heavily on NFTs. By acquiring in-game items such as medals and role-playing game coins, users can accumulate enough game coins in the form of tokens. Each token can be sold on specified NFT marketplaces or exchanged via peer-to-peer (P2P) trading, depending on the sophistication of the gaming platform.
Examples of this type of crypto gaming include Fight Out, Axie Infinity, and Vireye. Users can earn cryptocurrencies through rewards.
2. Crypto Gambling
Crypto gambling operates similarly to traditional gambling, but the stakes are measured in cryptocurrencies. While the crypto projects in this market may not be as prominent as adventure gaming, they are equally appealing. The profits can be high and frequent, but so are the risks. However, crypto gambling is exciting and encompasses more than just the exchange of NFTs.
What sets crypto gambling apart is its low-entry barrier. Users can place bets on sports outcomes through P2P channels without having to go through centralized or decentralized platforms. Although platforms exist to ensure user convenience and the security of stakes, ethical considerations often limit their popularity.
Lucky Block, Wild.io, and Fairspin are some of the major players in the crypto gambling industry. They provide users with opportunities to ‘win’ cryptocurrencies by staking them instead of trading.
3. Social Trading
Social trading represents the inclusive aspect of crypto gaming. Instead of focusing on specific areas of gaming, such as virtual gambling or adventure-seeking, social trading brings everything together. Crypto gamers who are also social traders utilize innovative platforms to trade game tokens while benefiting from tournaments and platform liquidity.
Specialized gaming platforms serve as the core of social trading, acting as the main engines for integrating the user’s gaming interest with their interest in crypto trading.
LOTTRADE is an example of a social trading platform. It is designed as a universal NFT/DEX/CEX gaming tournament platform, providing users with access to a global community of enthusiastic gamers. Each user joins tournaments and receives prizes based on their ranking. Furthermore, the platform recognizes, rewards, and promotes trading skills.
Top Gaming Crypto Coins and Platforms
1# LOTTRADE
LOTTRADE is a top-ranking crypto gaming platform due to its extensive community, high-profit potential, and flexible architecture. The platform supports fair tournament smart contracts, attractive liquidity pools, and a transparent governance and staking protocol. Users appreciate the platform as it can be used for both crypto gaming and trading.
The LOTTRADE token, LOTT, serves multiple purposes. It can be used directly as tournament fees, as a commission for minting NFTs, for lending, or for governance and staking. Owning the token opens up a world of new crypto user communities, tournaments, and opportunities for lucrative gaming and trading.
2# Runiverse
Runiverse functions similarly to other crypto gaming platforms, but it challenges users to compete based on the performance of the crypto market. The platform’s selling point is its ability to enable cross-metaverse gaming, allowing users to compete with their rivals across virtual metaverses. Furthermore, users participate in an engaging racing narrative that is exciting, fun-filled, and immersive.
To participate in the platform, users need the Runiverse token (RUNY). With this token, they can take part in various racing tournaments and have a chance to win enticing prizes.
3# Vireye
Vireye is a well-designed crypto gaming platform focused on epic adventures and fantasy. It offers advanced and engaging world-building elements that allow users to fully immerse themselves in the narratives. With captivating adventures, character customization, and lifelike in-game dialogues, users have as much fun gaming as they do monetizing their experiences.
The Vireye Game Studio focuses on creating unforgettable experiences for the new generation. Once fully fledged, users will have their choice of blockchain games to play based on their unique predilections. Be it adventure, RPG, action, rogue or puzzle, everything can be found under the Vireye Games umbrella.
In time, the Vireye will implement a token which will serve as the entrance requirement for the platform and the primary exchange currency for in-game assets. With this token, users can enter the virtual magical world, featuring an engaging combat system and visually appealing graphics
Whether it is LOTT, RUNY, or the Vireye tokens, users can participate in captivating tournaments. These tournaments offer the best of crypto gaming, helping users maximize their gaming experience and profit-making potential.
5min reads
How to Identify Cryptocurrencies with High Growth Potential
Cryptocurrencies have taken the financial world by storm, with the market experiencing rapid growth and high volatility. With so many cryptocurrencies available, it can be challenging to identify those that have the best potential for high growth and profitability. However, with the right tools and knowledge, navigating the market and finding promising cryptocurrencies is possible.
This article will explore how to identify cryptocurrencies with high growth potential. We will discuss market trends, factors that affect cryptocurrency growth, how to analyze cryptocurrency performance, conducting due diligence, and identifying promising trading pairs.
Understanding Cryptocurrency Market Trends
To identify promising cryptocurrencies with high growth potential, it is crucial to understand market trends and cycles. Here are some key points to consider:
- The cryptocurrency market is a decentralized, global market for trading cryptocurrencies that is highly dynamic and volatile.
- Cryptocurrency market trends can be classified into four stages: accumulation, markup, distribution, and markdown. Market cycles can last from several months to several years and tend to follow similar patterns.
- Analyzing market trends involves examining historical data and identifying patterns and trends. It is important to consider both short-term and long-term trends when assessing the potential of a cryptocurrency.
- Factors influencing market trends include news and events, investor sentiment, regulation, and technological developments.
- Technical analysis tools, such as charts and indicators, can help identify market trends and potential entry and exit points for trades.
By understanding market trends and cycles, you can make more informed decisions when investing in cryptocurrencies. Conducting research and using caution is important, as the market can be highly volatile and unpredictable.
Identifying Factors that Affect Cryptocurrency Growth
When evaluating the potential growth of a cryptocurrency, it is essential to consider several factors that can influence its performance. One such factor is the level of adoption and usage. The more widely a cryptocurrency is used for real-world applications, the greater its growth potential.
Another factor to consider is the technology behind the cryptocurrency. Innovative technology and a strong development team can contribute to a cryptocurrency's performance and growth. Look for projects that offer unique and valuable features and are continually developing new technology.
For example, the KRRX token is a cryptocurrency that shows good growth potential thanks to the organic development of Kyrrex's regulated crypto platform. The platform has attracted a growing user base and the team is constantly developing new technology to improve the platform's features and performance. Despite a bearish market, the KRRX token has remained stable and liquid, demonstrating the importance of technology and adoption to a cryptocurrency's growth.
Analyzing Performance
To identify promising cryptocurrencies with high growth potential, it is crucial to analyze their performance. Here are some key points to consider:
- Price history: Look for cryptocurrencies that have shown consistent growth over time and have weathered market volatility.
- Market capitalization: Market capitalization can give an idea of the size and value of a cryptocurrency. Look for cryptocurrencies with a high market capitalization, which can indicate investor confidence and potential for growth.
- Trading volume: High trading volume can be an indication of liquidity and demand for a cryptocurrency. Look for cryptocurrencies with high trading volume, which can indicate a strong community of investors and traders.
- Fundamental analysis: Conducting fundamental analysis involves examining the underlying factors that can influence a cryptocurrency's performance, such as adoption, technology, and regulation. Look for cryptocurrencies that have a strong value proposition and a solid development team.
By analyzing a cryptocurrency's performance using these factors, you can make informed investment decisions and identify promising cryptocurrencies with high growth potential.
Conducting Due Diligence
When investing in cryptocurrencies, conducting due diligence is essential to minimize your risks and make informed decisions.
Firstly, it's crucial to research the cryptocurrency you're interested in investing in. Take the time to read whitepapers, browse community forums, and follow news and social media channels to gain a better understanding of the project's technology, development team, community, and roadmap. By doing so, you'll be able to make a more informed decision about whether the cryptocurrency has potential for growth and profitability.
Secondly, look for red flags that may indicate a cryptocurrency is not worth investing in. Be wary of promises of guaranteed returns, high-pressure sales tactics, and vague or unrealistic claims. Also, look out for cryptocurrencies with limited information, lack of transparency, or a history of controversy or scams. These can be warning signs that the cryptocurrency is not worth investing in.
Finally, assessing the risks associated with investing in crypto is important. Consider the volatility of the cryptocurrency market, regulatory risks, and technological risks. Evaluate the risks associated with investing in the specific cryptocurrency you're interested in and determine whether it aligns with your investment goals and risk tolerance level.
Conclusion
Identifying promising cryptocurrencies with high growth potential can be a daunting task, but with the right tools and knowledge, it is possible. By understanding market trends, analyzing cryptocurrency performance, conducting due diligence, and identifying promising trading pairs, you can make informed investment decisions that can lead to significant profits.
Remember to always do your research and use caution when investing in cryptocurrencies. The market can be volatile and unpredictable, but with patience and diligence, you can navigate it successfully.
6min reads
Kyrrex: Still Transparent, Still Trustworthy
We know that a global economy driven by better models of financial management is possible. We also know that harnessing the power of blockchain technology creates endless possibilities for individual investment, dynamic control of finances, and much more.
In light of recent events, trust in crypto and the limitless opportunities it offers might seem more distant than ever. As serious stakeholders, we want to use this opportunity to reach out to our loyal customers and the general public and assure them that Kyrrex remains unaffected while standing strong as ever.
The FTX Issue
To summarize the problem, FTX mishandled investor funds by using user deposits to make investments of their own. FTX did not inform users before proceeding on this course of action. The funds were used without client consent, meaning that FTX’s ‘side’ investments were unauthorized and therefore illegal.
Gaps and Leakages in the Crypto Industry
The recent spate of crypto setbacks reveal a number of gaps and leakages in decentralized finance. The biggest of these gaps is supervision: what guarantee can you, a crypto trader and investor, have that your preferred trading platform will not mishandle your funds?
In the decentralized market, you have a firmer grasp of your crypto assets and greater freedom to trade and invest without someone looking over your shoulder every time. But this comes with the risk of losing all your money if you entrust it to unsupervised third parties.
Solution with Kyrrex: Crypto-Fiat Banking
Crypto exchange platforms provide you a stage to trade and manage your crypto assets. But who/what keeps an eye on these platforms? Without strict oversight by a powerful body, you're essentially giving your money to an exchange do with as they wish.
Where there is no regulation, there is likely to be mismanagement and exploitation. Even if you can wager your life that an exchange platform is honest and will not mishandle your money, you have to admit that having the platform accountable to a higher authority increases your trust in it.
Turning to a centralized exchange like Kyrrex offers you the rewards of crypto without its major risk.
We believe that it is only when the crypto market is reasonably regulated that the crypto industry can flourish. Then, you will no longer have to deal with rugpull projects, fake developers selling you imaginary bridges in imaginary clouds, or situations like FTX that inevitably cause you to lose trust in every crypto exchange platform.
Kyrrex is Still Trustworthy
Kyrrex, as you know, is the first crypto-fiat bank. The same way we pride ourselves in being the first global bank, we pride ourselves in playing by the rules. There are several governmental and government-backed institutions that oversee our operations, and so we are licensed to operate in good faith. All of this is so that you can rest easy and continue to trust us.
We would like to place on record that Kyrrex Exchange has no dealing with FTX and its FTT token. Our exposure to FTX is zero. The exposure of our customers' funds to FTX is zero.
Here are a handful of reasons you should continue to trust Kyrrex as your crypto and fiat asset partner:
1- Kyrrex has the highest level of operational license in the crypto industry
Kyrrex operates under the Class 4 virtual Finance asset (VFA) License from the Malta Financial service authority (MFA). We obtained this license in November 2021, reinforcing our intentions to comply with every legal requirement and audit condition.
This class of license comes with implicit confidence by the regulatory authority in the licensee. It means that Kyrrex has been thoroughly scrutinized and found to comply with all regulatory rules regarding user deposits and operation models. It means that you can trust us to keep your money safe and secure because Big Brother is watching all our moves.
2- Kyrrex stores and backs your tokens with tangible assets like the dollar
As a crypto-fiat bank, Kyrrex allows you to use crypto tokens as easily as you use fiat currency. So, with Kyrrex you will be able exchange fiat currencies against digital assets and vice versa. This is because your tokens are safely stored and backed with valuable assets.
3- Kyrrex relies on its organic growth model for profitability rather than investors’ funds
At Kyrrex, we promote and use an organic growth model. This means that apart from the charges that our clients are aware of, we don’t touch their deposits or funds. This is another reason we have regulators overseeing our operations. They keep us on our toes and make sure our operations are always prudent and compliant with all legal provisions.
4- Kyrrex has a straightforward user withdrawal protocol
Kyrrex has always favored an uncomplicated and user-friendly operating protocol. Our withdrawal system is like this also. So, our clients do not need to read and sign thousands of pages of T&A before they can withdraw their funds from Kyrrex. Everything is clear and transparent. Your funds are your funds and you can withdraw them at anytime.
5- Kyrrex is not exposed to FTX, Alameda, or any institution implicated in the current FTX fiasco
Kyrrex is not exposed to FTX, Alameda Research, or any other crypto-related institution that has been implicated in the recent mess. So you can trust us unreservedly, we only build relationships with time-tested, reliable, and/or regulated exchanges.
So, Kyrrex remains worthy of your trust. However, we advise that when you use other exchange platforms, ensure that they are licensed and are committed to playing by the rules. Also, do not invest money that is not your own or spend more than you earn. If you can, avoid tokens that are not backed by tangible assets.
4min reads