The post XRP Price on the Horizon: Analysts Predict Surge to $1.20 Amid Market Volatility appeared first on Coinpedia Fintech News XRP, like many cryptocurrencies, is struggling with price fluctuations. While it has seen a modest recovery in the last 24 hours, it remains down in weekly, fortnightly, and monthly charts, reflecting ongoing volatility in the market. Despite this, tradersâ renewed optimism is driven by a bullish prediction from a respected crypto analyst. XRPâs price stays over $0.5 despite legal issues and a major lawsuit. This bullish trend could push the coin to $0.55. XRP can breach $0.9 and hit $1 with bullish activity. #XRP Fake Out or No Fake Out? Seems like a potential fakeout, with the next destination likely between $1.2 and $1.5! #XRPArmy STAY STEADY! #XRP is the real deal and the only digital asset with clear legal & regulatory clarity pic.twitter.com/5rsJwYeXYKâ EGRAG CRYPTO (@egragcrypto) April 19, 2024 Analyst Predicts $1.2 for XRP, Hereâs how? EGRAG Crypto has highlighted significant potential for XRPâs price to surge beyond the $1.2 mark. Their forecast is grounded in an analysis of historical patterns and Fibonacci levels, suggesting that XRPâs current positioning mirrors previous market movements, particularly those observed in 2017 and 2021. Drawing parallels with these past trends, the analyst anticipates quick and powerful price pumps for XRP shortly, with potential price targets identified at Fibonacci levels such as $1.272, $1.414, and $1.618. This bullish outlook has ignited discussions and speculation within the crypto community, with many traders eagerly awaiting the potential for a significant rally in XRPâs price. Interestingly, XRP futures and options open interests are climbing post-Bitcoin halving. In the last 24 hours, XRP futures OI surged by 4%, with a 3% increase in the recent hours, indicating a potential reversal to $0.60. Although the rise is modest, a significant surge is anticipated post-filing the redacted version of the Ripple vs SEC case on April 24th. Current Market Snapshot XRP is the seventh-largest cryptocurrency with a market cap of around $27.78 billion. Its trading volume jumped by 22.72% to over $2 billion, showing growing interest from investors. Currently trading at about $0.5143, XRPâs price fluctuates, with traders keeping an eye on any news that could affect its value. With optimism rising, many in the crypto community hope XRP will surpass $1.20 soon. Are we on the brink of a major breakout?
SRM Europe is pleased to announce the acquisition of Accourt Payments Specialists, a provider of payments consulting and strategic services.
Analysis of pseudonymized data from 3.6 million Nubank customers illustrates drivers and barriers along the journey to long-term financial health.
The post Altcoin Poised For Massive Rally Hints Past Altcoin Market Cycle appeared first on Coinpedia Fintech News Moustache, a prominent crypto trader, recently conducted a comparison of altcoin trends from 2016-2017 and 2021-2024. This analysis has intrigued the crypto community by revealing surprising similarities between these two distinct periods. Despite the difference in timelines, Moustacheâs study suggests that altcoin market cycles may soon exhibit an altcoin rally. Key Similarities in Market Trends Moustacheâs tweet compares altcoin market trends from two distinct periods: 2016-2017 and 2021-2024. Despite the time gap, the chart reveals striking similarities, indicating potential parallels in market behavior and price movements. #Altcoins 2016-2017 vs. #Altcoins 2021-2024There's not that much difference, is there?It just takes longer than back then. pic.twitter.com/F8ilHdEbFEâ đđ đŠđ€đ„đđâđ (@el_crypto_prof) April 20, 2024 The chart, titled âAltcoins 2016-2017 vs. Altcoins 2021-2024,â highlights key milestones, including all-time highs (ATH) from 2013 and 2017. Interestingly, it shows a retest of the previous ATH from 2017 during the 2021-2024 period, hinting at a recurring pattern in market cycles. Factors Influencing Market Cycle While the chart does not provide a detailed analysis, it prompts us to explore the reasons behind these similarities and their implications for the current altcoin market. One possible explanation is the cyclical nature of cryptocurrency markets, driven by factors such as investor sentiment, market psychology, and adoption trends. The prolonged duration of the altcoin market cycles from 2021 to 2024, compared to the shorter cycles observed in 2016-2017, may reflect the maturation of the cryptocurrency ecosystem. As the market grows and evolves, it undergoes structural changes that influence the timing and magnitude of price movements. Implications and Consideration Additionally, advancements in technology, changes in regulatory environments, and shifts in investor behavior could contribute to the differences observed between these two periods. Understanding these factors is crucial for predicting future market trends and making informed investment decisions. Despite the similarities highlighted in Moustacheâs tweet, itâs essential to approach market analysis with caution and consider multiple perspectives.
The post RUNE Protocol Launches On The Bitcoin! Whatâs Next? appeared first on Coinpedia Fintech News First proposed in September 2023, the RUNE protocol has gained significant attention from the crypto industry following its launch. The new token is designed to streamline the fungible tokens on the Bitcoin blockchain. The RUNES protocol minters have already spent more than 80 Bitcoins in fees to acquire these tokens. The RUNES protocol is assumed to benefit Bitcoinâs fee economy in the coming time significantly. Positively, the RUNE protocol has already achieved the 20,000 holders mark. THORChain Price Sentiments: The RUNE price has recorded a bullish reversal of approximately 20% within 24 hours, indicating increased buying pressure in the cryptocurrency industry. However, the price has recorded a correction of 5.36% within the past seven days and 30.75% over the past 30 days. At the time of writing, the price of the RUNE token was $5.363 and Its Year-to-Date (YTD) stood at +3.47%. With the positive sentiment around the crypto space, the Simple Moving Average (SMA) displays a bullish convergence in the 1D time frame. TradingView: RUNE/USDT The technical indicator, MACD, displays a constant decline in the red histogram, indicating an increase, in the buying pressure within the crypto space. Moreover, the averages show a high possibility of a bullish convergence, suggesting a positive outlook for the altcoin in the coming time. If the bulls continue to gain momentum, the RUNE price will prepare to test its upper resistance level of $7.355 during the upcoming weeks. However, a bearish trend reversal may pull the price toward its crucial support level of $3.710 this month. Conclusion: With the compilation of the 4th Bitcoin Halving on 20th April, and the rising bullish sentiment in the cryptocurrency industry, the market is prepared to record a new all-time high (ATH) during the upcoming months. Note: The volatility in the crypto industry is on the path of reaching a new high. Make sure to DYOR research before making investments, in any digital asset, as the market may record massive price action within a short period.
Another buy now pay later (BNPL) firm has decided to call it a day as Laybuy has put itself up for sale. The announcement has come following a turbulent time for the company as its valuation plummeted from a valuation of ÂŁ230million in 2020 to ÂŁ5.4million in 2024. There have been various reports about the struggles of BNPL firms as regulations tighten, so we reached out to the industry to uncover what is needed for firms to survive. Laybuy is not the first BNPL whose value has taken a dive. In Q1â23, the Australia-based BNPL Openpay announced it was going into receivership following an all-time high total transaction volume. Additionally, in Q4â23, ZestMoney, the Bengaluru-based BNPL also announced it was shutting down following an attempted revival under new management. Since the pandemic, BNPL has been an increasingly popular payment method. The idea of allowing users to make interest-free payments over time without a credit check was a resounding success. However, a lack of clarity surrounding the fine print and the fees that would be paid on late payments quickly began to haunt BNPL with many users blaming the service for falling into debt. Nonetheless, when used responsibly the payment method can be very helpful to users and provide them with a financial lifeline; users are becoming increasingly aware of this. Research from Juniper Research has revealed that by 2028, the BNPL userbase will increase by 107 per cent to, from 380 million users in 2024. The state of BNPL in 2024 Juniper Research found that despite fintech companies commanding the BNPL market for years, 2023 saw a major shift, as superapps and banks gained traction. WeChat and Grab are notable superapps offering BNPL to users, embedded within platforms offering numerous products. Klarna recognised the potential of superapps; transforming its app into one. In future, the market will see not only more superapps offering BNPL, but consolidated retail experiences tailored to consumer demand; altering market shares significantly. When it comes to banks, American Express launched its BNPL solution in late February. However, it was not branded as a BNPL product â instead it was called âPlan Itâ. , Not every bank and financial institution is finding success with BNPL though. In March 2024, NatWest announced it was closing down its BNPL service due to low usage. This makes it difficult to judge the success of the future of BNPL: while some firms are finding success and exploring new integrations, others are turning away from the solution altogether. To ensure that the latter doesnât completely take over, we asked the industry what was needed to ensure long-term success for BNPL firms and those offering it. Education and regulation work hand in hand Justin Passalaqua, managing director, North America at Worldline Justin Passalaqua, managing director, North America at Worldline, the payments organisation notes how organisations must listen to their consumer desires. Following this, they must ensure they properly educate consumers on how to use their services, all the while remaining compliant. âSeveral strategies can help the BNPL industry recover in the market. Consumer education must be prioritised. Many consumers lack awareness of responsible spending practices when utilising BNPL services, potentially leading to overextension and budgetary challenges. Providers should offer detailed information on making financially sound purchases including disclosing all fees and sharing best practices for using installment payments. âIndustry regulation is needed to protect both consumers and BNPL providers while allowing for market growth and healthy competition. Regulation could include fee and interest limits, consumer affordability assessments, and audits of advertising and contracts. As BNPL moves into niche sectors such as healthcare, travel, and recreation, customer education and regulation become increasingly important. âAs newer payment methods become popular, the demand for innovation increases. BNPL providers must listen to consumer needs and adapt to evolving trends and preferences. âRisk management needs continuous improvement to protect both providers and their customers for BNPL to remain a sustainable option. Consumers and providers need to keep high-interest rates in mind and navigate the impact on BNPL usage. âBNPL has soared in popularity as a payment method. If both consumers and BNPL providers exercise caution, demand regulation, and increase financial literacy, the trend may continue to boom for years to come.â Creating a more efficient system Kathy Stares, executive vice president of North America at Provenir Tech can be the solution to ensuring BNPL longevity explains Kathy Stares, executive president of North America, Provenir, AI-powered credit risk decisioning platform. She says: âAn advanced risk decisioning foundation helps ensure BNPL providers arenât losing revenue to default and fraud, while stemming revenue loss by avoiding unnecessary data calls and bloated processes. Eliminating excess data ensures every data point is earning its place and adding value to decisioning. âAdditionally, the use of artificial intelligence and machine learning enables analysis of decisioning processes. Are there redundant data sources? Are they the right sources for your target market? Is each data point coming at the right step in the process? In short, how effective is your data? With embedded reporting, organisations can continuously optimise their strategies to keep pace with the needs of the business. âThese efficiencies are key to long-lasting BNPL success by reducing cost on the backend and minimising both customer default and churn rates. Running more efficient processes that can increase application volume and more accurately define affordability, provides the ability to serve more customers who are more likely to pay on time.â Cue open banking Suzanne Homewood, managing director at Moneyhub Suzanne Homewood, MD of decisioning at Moneyhub, the data and payments fintech, explains why open banking holds the key to help BNPL. âShort-term lending and BNPL are missing a trick. They have been lending to customers, playing on the âwant it nowâ drug of late-night shopping, and more recently have started to support purchases of everyday essentials as people struggle with the cost of living crisis. âHowever, with no check on real affordability to repay in three months, the unsuspecting customer can find themselves with hefty interest repayments or even a debt collection call for a pair of trousers that remain unworn. For the BNPL companies, this is reputational damage, and consumer harm, both of which (quite rightly) create a storm of consumer concern and market suspicion.â Homewood continues: âOne solution for the BNPL market to regain trust and confidence, is to introduce open banking affordability, not just once at application, but across the whole period of the short-term loan. Long-term unsecured lending is seeing a 48 per cent improvement in first bill payment success, and a 33 per cent improvement over the first three months by using open banking affordability to check for funds and check ongoing affordability. âFor customers who are happy to consent for this 90-day sharing of data, they have the support of the lender to be able to detect early when things change, and step in with alternative options, negating debt recovery costs, and increasing customer satisfaction. âIf BNPL companies adopted this solution, they could create a deeper relationship with customers, make their products truly reflect the customers ability to repay, whilst still running a profitable business, and using data to identify where else they could offer short-term relief, in a sustainable, ethical and customer outcome focused way.â Everyone must benefit Tom Eyre, co-CEO and co-founder of credit broker Loqbox Ultimately for BNPL to see long-term success and reach its potential, both consumers and merchants need to be winners. Tom Eyre, co-founder and co-CEO of Loqbox, the financial health platform focused on credit says: âBNPL regulation will only be worthwhile if it works in the interest of both consumers and businesses. âOf course, some BNPL players say regulation will reduce the amount of innovation in the space. But if they were doing the right things by their customers from the start, they wouldnât be complaining about regulation, because theyâd have been self-regulating anyway. âBut regulation should not be a knee-jerk reaction in response to a backlash against STHC credit, BNPL or any other new business model in what is clearly an incumbent-heavy space such as financial services. âThere have been numerous calls for a wholesale replacement of the Consumer Credit Act (the âCCAâ), the legislation that underpins the consumer finance industry. I am extremely wary of regulatory revolution vs evolution. The financial services sector in the UK is one of the best in the world. It relies, in part, on clearly understood, well-defined regulation that has stood the test of time. âThis regulation forms the foundation of many established products and services. Wholesale change of regulation in the name of revolution in support of innovation feels like a potentially risky prospect. âThe Treasury had until recently been proposing a removal of the exemption that many BNPL players rely on to offer their products outside of the regulatory perimeter. Such a change seems like a sensible evolution of the CCA and, when combined with the nascent changes in regulatory approach brought on by the new Consumer Duty rules, itâs hard to imagine a world where regulated BNPL products do not take their place as a welcome part of a well-running financial system.â The post BNPL Could Reach 670 Million Users by 2028: Will Any Firms Still be Around to Prosper? appeared first on The Fintech Times.
The post Simpleminers model innovation: use âone-click investmentâ to take you into a new era of making money appeared first on Coinpedia Fintech News With the approval of ETF in the United States and the strong purchases by investment banks such as Morgan Stanley and Rockefeller, Bitcoin has not only soared in price but has also successfully transformed into a currency recognized and supported by the U.S. government. This gives Bitcoin investors complete confidence. Anyone with investment experience knows that although you can make money quickly through financial means, this requires extremely rich knowledge reserves and market experience, and not everyone can get started. Bitcoin, in particular, has such a high volatility. And it is an investment target that all major capitals are competing to pursue. As the worldâs largest Bitcoin miner, Simpleminers is committed to deploying the worldâs leading computing facilities (accounting for approximately 3.5% of the global Bitcoin computing power) and mining algorithms. We are also actively contributing to facilitating more people to participate in Bitcoin investment and stabilize the Bitcoin investment environment. Recently, Simpleminers has developed a âone-click investmentâ business for Bitcoin mining through model innovation. Through this business, Simpleminers can deploy greater computing power to maintain global computing power leadership and ensure that the companyâs overall revenue can remain at a high level after the Bitcoin halving event;It can also greatly reduce the capital scale, knowledge reserve and investment experience requirements for everyone to participate in Bitcoin investment. This will be the most noteworthy feat for investors in 2024. What is Simpleminersâ âOne Click Investingâ business? This is an investment project in which investors participate in Bitcoin mining by purchasing computing power contracts. In order to facilitate investors, Simpleminers has added a âone-click purchaseâ function to the computing power contract, making the operation extremely simple and convenient. When the contract purchase is successful, investors only need to wait for the contract to expire and then get back their principal and income. Since the halving event is about to happen in the near future, and after the halving event, mergers and acquisitions of Bitcoin miners will inevitably occur. Therefore, in order to gain the upper hand and ensure more advantages in merger and acquisition adjustments, Simpleminers decided to make huge benefits to participants who joined the âone-click investmentâ. Specific performance is as follows: 1. You can make money by registering. Because you get $10 for free when you sign up, you can also get $0.3 of daily interest income by using this $10 to purchase contracts. 2. You can earn more by purchasing contracts. Simpleminers has launched a variety of computing power contracts with daily interest rates ranging from 1.15% to 3%. For example, the following contract pays daily interest: Contract computing powerContract cyclecontract pricedaily interest rateTotal earnings to maturityAntminer L7    9.05GH/S2day$1003%$100+$6=$106Antminer S17 Pro  73TH/S3day$3001.15%$300+$10.35=310.35Antminer S17+    76TH/S7day$5001.2%$500+$42=$542AvalonMiner A1246  85TH/S15day$10001.3%$1000+$195=$1195Supercomputing power  980TH/s20day$1000001.7%$10000+$34000=$134000 (The computing power value of the contract is different, the investment amount and period are different, and the income is also different. For more contracts, please log in to the Simpleminers official website to view) Investment case: With an investment amount of US$100,000, you can purchase a BTC Super computing power 980TH/S contract worth US$100,000 with a period of 20 days. The contractâs daily interest rate is 1.7%. After purchasing, the investment income you can earn every day = $100000*1.7%=$1700. After 20 days, your principal and income = $100000+$1700*20=$100000+$34000=$134000 Want to earn more? Simpleminers also has another way to make money: the affiliate program. Invite your friends to make money at Simpleminers and you can get a cash reward of 3% of their investment; If your friends invite their friends to invest again, you can also get a cash reward of 1% of their investment amount. For example, if you invite some friends to make money on Simpleminers and they invest a total of $300,000, you will receive a $9,000 cash bonus. If your friend invites more people and they invest $100,000, youâll also receive a $1,000 cash bonus. (Level 1 subordinate: US$9,000, Level 2 subordinate: US$1,000, you can get a total commission of US$10,000, which can be withdrawn at any time) Why do Simpleminers give such high returns? Because when the computing power is leading, the profits of miners are indeed very high. With your joining, we will make money faster. We are willing to sacrifice short-term gains in exchange for longer-term, high-speed earning power. If you want to participate in our money-making business, please operate through our official website Simpleminers.com or download our mobile APP, download address: please click
The post Will the Impact of Bitcoin Halving Have an Effect on BTC Price? Hereâs What You Need to Know appeared first on Coinpedia Fintech News The crypto space celebrated the successful completion of the 4th Bitcoin halving, just a few moments before. With this, the BTC price regained some strength; it raised above $64,200, but it turned out to be a short-lived rally. The price quickly plunged below the levels but is sustaining itself within the bullish range. Therefore, it appears that the halving impact could have started to loom but on the other hand, it may also be too early to decide. The BTC price has remained largely stagnant before and after the halving event, which previously included a couple of pullbacks. Hence, the token appears to be following a similar pattern and could remain within a compressed range for a while. Despite the halving, nothing appears to have changed to a large extent, as the volume has dropped by over 30%. This minimal impact after several days of volatility has raised concerns over its impact in the coming days. Apart from halving, other factors like geopolitical factors, money policy, etc., and many more are expected to have a larger impact. Therefore, according to one of the popular analysts, Stockmoney Lizards, the effect of the halving will not kick in immediately. When can we expect a sharp upswing in the BTC price? Source: X The recent pullback appears to have changed the market dynamics as the open interest and premium have reset. Besides, the COT data, which shows the aggregate holdings of different participants, also appears to be pretty decent. Therefore, if the BTC price records a bullish close for the day, the markets may gain some momentum in the coming week. The Bitcoin halving has not only offered the required momentum to the BTC price but has also elevated the share value of the mining companies. Just before the halving, the stock investors speculated on the performers of the various mining companies which led to a significant rise in the share price. The block reward could force the miners to rework their strategies to maintain profitability after the reduction of rewards. This may change the trading dynamics as the influx of BTC may increase from now on, which may largely impact the BTC price rally.