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Credit Cards – Avail Flexible Credits If Well Managed

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Plastic money is the most common form of money that is in circulation these days. It is available in different forms such as debit card, credit card, and many others. Though there are many forms of plastic currency available, credit cards occupy a very prominent place among others. The reason for such popularity of credit cards is their usage flexibility. These cards are very prominent among individuals who do not have ready cash to buy something. It comes with validity and a credit limit which varies from person to person. There are numerous banks and financial institutions offering credit cards and have their own set of rules and regulations to be satisfied by the customer who wants to opt for them. Apart from assisting people in need, these cards received the attention of many as they facilitate transaction without cash. Especially in countries like the USA where most of the people got used to this form of currency due to multiple reasons. Let’s look at few points that state the uses of credit cards and their prominence in present days.

• You can make huge payments without cash.

• Higher credit limits depending on your salary.

• Flexible payment options.

• Purchase now and make payment in installments.

• Assists you making good credit history that helps you in making good credit ratings.

• Reward points for various purchases through these cards.

As you know various advantages of the credit card, now let’s look at the steps through which you can get it:

• Visit a bank or financial institution which is offering credit cards Or else get in touch with them through online.

• Get the details of various types of cards offered by them. Generally, they offer a wide variety of cards that can satisfy all your needs with just one card.

• Select a card that is suitable for you. Before inquiring about a particular type of card look at the constraints that you must fulfill to get the eligibility of that card.

• Once you fulfilled all the criteria contact the executive who can help you in getting your card.

• You got to submit all the documents asked for which might include your salary slip, bank statement, photographs and any others if asked for.

• Once you submit all these documents the executive will inform you about the credit limit of your card and the reception of the card.

Once your documentation is done it might take another 15 days to receive your credit card. You can receive the card either at your residential or official address which ever you mention in the application form.

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Tesla CEO Elon Musk Tweeted Dogecoin to Reduce its Fees

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Tesla CEO Elon Musk Tweeted Dogecoin to Reduce its Fees
  • Tesla CEO Elon Musk Tweeted Dogecoin to Reduce its Fees.
  • Billy Markus planned to release a Software upgrade.
  • According to Musk, the Dogecoin upgrade Core 1.14.4 is critical.

The co-founder and CEO of electric car maker Tesla and rocket manufacturer SpaceX is Elon Musk has supported the meme token Dogecoin by revealing what will help the growth of cryptocurrency. On Wednesday, Elon Musk commented to Billy Markus aka Shibetoshi Nakamoto’s Tweet, by suggesting to lower the fees to make the crypto a more viable payment option for everyone.

Moreover, the price of the Dogecoin continues to drop, he commented, “super important for DOGE fees to drop to make things like buying movie tix viable”.  

Accordingly, In May Elon Musk noted that he was giving ideas and working with the Dogecoin developers to increase the system transaction efficiency. The co-founder of Dogecoin, Billy Markus but he no longer working on the project. He accepted and agreed with Elon Musk’s tweet and planned for a release of a software upgrade.

More so, currently, Dogecoin co-founder Billy Markus demanding operators to upgrade to Dogecoin Core 1.14.4 so it will reduce the fees to become the default setting. The Dogecoin update which was released in August contains outstanding performance improvement as well as bug fixes. According to Musk, the Dogecoin upgrade Core 1.14.4 is critical.

Current Market Status of DOGE

At the time of writing, as per CoinMarketCap, the price of Dogecoin (DOGE) is trading at $0.2069 with a 24-hour trading volume of $2,227,558,097. In the last 24-hours DOGE decreased 6.57%, similarly, in the last 7 days DOGE bounces back 14.93%. And it dropped 26.20% within a month.

And if this drop continues then it will fall to support level $0.16. The next support level is $0.14 and $0.12. If DOGE breaks $0.23 then it will surge to the resistance level of $0.26 and it might also hit $0.30

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Billionaire Mike Novogratz Says He’s “Not Nervous” About Crypto Sell-Off

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Picture of five crypto coins lined up

The crypto market has been subjected to major sell-offs since assets began to crash across the board. September which has been a historically bloody month for the market has stayed true to nature as various cryptocurrencies suffered crashes that dragged the market down. Due to this, over $1 billion longs have been liquidated in the market since Monday.

Billionaire Mike Novogratz was on CNBC to talk about the current market trends. But unlike most investors in the market, Novogratz does not seem at all worried about the numerous price dips rocking the market. Mike Novogratz is the CEO of Galaxy Digital, a hedge fund that manages assets ranging from traditional assets to cryptocurrencies.

Nothing To Worry About

Talking about the sell-off in the market, Novogratz explained that tensions were high in the space due to the current regulations talks by the SEC. He pointed to the developing Evergrande crisis, which Tether had been linked to, as also contributing to the sell-offs, which had put investors on edge. The CEO also pointed to long positions that were a little too optimistic, saying, “I think the market got itself a little too long.

Related Reading | September Leaves Behind Trail Of Blood, Bitcoin Long Liquidations

Novogratz sees the current market dips as a buy-the-dip opportunity. Simply stating, “I’m not nervous” in response to the bleeding market. In addition, the billionaire sees the Treasury introducing stablecoins which are going to be backed by Fed banks. “That’s going to be something we watch over the next week to three months.”

Crypto Market Holding At Critical Levels

Noting the crash, the CEO pointed out that the top two coins in the market had held at their critical positions. Spelling good news for the market. Following the Monday crash, bitcoin had held above $40,000 and Ethereum held up above $2,800 and Novogratz said, “As long as those hold, I think the market is in good shape.”

Related Reading | Bears Lose Hold On Market As Bitcoin Breaks $44,000, Crypto Market Tops Up $200 Billion

Both these assets had recorded massive losses following Monday’s opening. And bitcoin alone had seen over $800 million long positions liquidated in response to this. Ethereum had not fared any better in the market as the bloodbath had spilled over into altcoins. But despite this, the billionaire remains bullish on the market.

Another important factor for the billionaire was the amount of both public and private capital that was pouring into the space. At the beginning of the interview, Novogratz had mentioned that the crypto market had moved on from the story of bitcoin but has moved on to Web3. And investors, in a bid to not miss out on what could very well be the next internet, have funneled more and more money into the space.

Crypto total market cap falls back to $1.8 trillion | Source: Crypto Total Market Cap on TradingView.com
Featured image from Investopedia, chart from TradingView.com
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Crypto Market Cap Skyrockets 5.3% to Hit $2.05 Trillion

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Crypto Market Cap Skyrockets 5.3% to Hit $2.05 Trillion