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4 Key Benefits Of Adjustable Mortgages

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Since the vast majority, of those purchasing a home of their own, whether a private, condominium, or cooperative one, take advantage of some sort of mortgage loan, as part of their payment, doesn’t it make sense, they should understand their alternatives, and examine, which might best, fit their needs, and situations? In over a decade, as a Real Estate Licensed Salesperson, in the State of New York, I have witnessed, few who actually do so, rather focusing on the selling price, they pay, and the amount of their monthly commitment/ expenses. While there are multiple considerations, including lengths, points, etc, one of the major ones, is whether to seek a Fixed or Adjustable Mortgage. This article will, therefore, briefly examine and review, 4 key benefits/ reasons, for using an adjustable mortgage.

1. Qualifying: Sometimes, one may find it easier to qualify for an adjustable, rather than a fixed mortgage, because, the lower payments, are used, as part of the financial qualifying and qualification process. This may be the difference, for some, especially middle class, first – time homebuyers, between being able to, or unable to purchase one’s dream house, or home, of their own!

2. Monthly costs: If the adjustable type, creates a lower monthly payment, because of the initial lower interest rate, it may make it somewhat less stressful, to go that way! Especially, when one purchases a property, and has an excellent chance of having a substantially higher income in the future, this may be a suggested approach.

3. More house: If the introductory rate, either permits one to qualify for a higher amount of loan, or permits him to buy a more expensive house, which he desires, an adjustable mortgage, might be the preferred approach! While one should not buy or pay, more than he can somewhat comfortably afford, one’s future financial consideration and status, might suggest, this is the best course, to follow!

4. How long you’ll live there: If you plan to reside in this house, for under ten years, the lower rate, often available, with an adjustable loan, versus a fixed mortgage, may be indicated! For example, imagine, someone, aged 60 – 65, who has excellent earning power and income, and could qualify for either type, whichever offers the more attractive, lower rate, might be the best, for his life situation, and needs.

Ever since interest rates have dropped (remember when nearly every mortgage had an 8.5% rate), the vast majority of individuals, have sought and used fixed – rate borrowing. However, there are conditions, where the variable approach, might be the better alternative!

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GARI’s First-day Trading Volume Exceeds $100m on 12 Major Exchanges

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GARI's First-day Trading Volume Exceeds $100m on 12 Major Exchanges

On the first day of trade, Chingari, an Indian-based short video-making app, revealed that its native token, GARI, has reached the $100 million mark in trading volume. The “Indian Tiktok” reached the milestone just hours after being launched on Huobi Global, Kucoin, OKEx, FTX, MEXC Global, and Gate.io, among others.

BTXEC, CoinW, BitMart, Zebpay, Hotbit, Bitbns, and LATOKEN are among the 12 biggest centralized crypto exchanges that presently list the GARI coin. During its first listing on January 18, 2021, GARI became the first of its sort to be listed on more than 10 exchanges at the same time.

The Chingari app, which is accessible on iOS and Android app stores, was launched in 2018 and has quickly received attention in India and South Asia, paving the way for the shift to decentralized social media platforms. The GARI token was unveiled three years later to great hoopla, with Salman Khan, the iconic Bollywood actor-turned-brand ambassador, revealing the token in front of millions of Indians last October. 

The GARI token was introduced to the public only about two months after its creation in an oversubscribed initial decentralized exchange (DEX) offering, IDO, on Solana’s SolRazr launchpad, raising $4 million dollars in a matter of minutes. Republic, Galaxy Digital, Alameda Research, Solana Capital, and Kraken Ventures are among GARI’s major investors.

Later, as Chingari surged to the top of India’s social media app rankings, media exposure and market for the token skyrocketed to great heights. While the country’s prohibition on Facebook and Tiktok aided Chingari’s rise to fame as a leading social media app, the app’s success is mostly due to its creator benefits and censorship-free network to all its users. The app was named “India’s #1 application on Google Play Store” in 2021, with more than 32 million active monthly users and more than 100 million downloads.

The recent achievement demonstrates Chingari’s and GARI’s ability to transform the video-sharing market, with the goal of defeating Web2 large tech behemoths like Tiktok, Youtube, and Instagram. Furthermore, such high volumes demonstrate traders’ and investors’ excitement about what is yet to come on Chingari’s platform.

Despite this success, the GARI token will be merged into the Chingari app, giving the game’s 30 million users access to a whole new world. The token, which is based on Solana, allows users to tip their favorite creators and artists instantly, efficiently, and affordably. Participants who make, post, and watch videos on the app will also be rewarded with GARI.

Ultimately, the token strives to allow artists to create, share, buy, and sell on the Chingari e-commerce arena, due to its strong community. On the platform, users can also make NFTs (short films) that allow users to buy products from or communicate with their favourite content providers.. 

About Chingari

Chingari, which launched in 2018, is a platform for creators that allows them to upload short films and earn money through merchandise shops, subscriptions, and unique ways to communicate with their followers. Chingari has been branded the “TikTok of India,” and it has more than filled the void left by the banning of TikTok and a number of other social media applications in India. The app has exploded in popularity after it was updated in June 2020 to better fit with their crypto and creator focus. The number of active users on Chingari has grown at an exponential rate, reaching milestones of 100,000, 1 million, 10 million, and finally 100 million.

About GARI

GARI, the Chingari app’s native token, debuted in October 2021, with a creator-centric strategy and additional incentives to encourage content creation. The token became the first cryptocurrency to be listed on all six major centralized crypto exchanges at the same time, including FTX, Huobi, and OKEx.

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TA: Ethereum Nosedives, Indicators Show Signs of Larger Downtrend

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Ethereum

Ethereum extended decline below the $3,000 support zone against the US Dollar. ETH price could extend losses towards the $2,650 support in the near term.

  • Ethereum extended decline below the $3,050 and $3,000 support levels.
  • The price is trading below $3,000 and the 100 hourly simple moving average.
  • There was a break below a key bullish trend line with support near $3,120 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could extend losses if there is a clear move below the $2,800 support zone.

Ethereum Price Dives 8%

Ethereum failed to gain strength above the $3,250 level and started a major decline. ETH formed a high near $3,272 before there was a major decline.

There was a sharp move below the $3,120 and $3,050 support levels. Besides, there was a break below a key bullish trend line with support near $3,120 on the hourly chart of ETH/USD. Ether price even settled below the $3,000 level and the 100 hourly simple moving average.

The price spiked below the $2,900 level and traded as low as $2,808. It is now consolidating losses above the $2,800 level. An initial resistance is near the $2,900 zone. It is close to the 23.6% Fib retracement level of the recent decline from the $3,272 swing high to $2,808 low.

The first major resistance is near the $3,000 level or the 50% Fib retracement level of the recent decline from the $3,272 swing high to $2,808 low.

Source: ETHUSD on TradingView.com

If there is an upside break above $3,000 resistance, zone, the price could rise towards the 100 hourly simple moving average. The next major resistance is near the $3,200 level.

More Losses in ETH?

If ethereum fails to start a recovery wave above the $2,900 level, it could continue to move down. An initial support on the downside is near the $2,820 level.

The first key support is now forming near the $2,800 level. A downside break below the $2,800 level might start another strong decline. The next major support for the bulls may perhaps be near the $2,650 zone. Any more losses could push the price towards the $2,500 level.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is gaining pace in the bearish zone.

Hourly RSIThe RSI for ETH/USD is now in the oversold zone.

Major Support Level – $2,800

Major Resistance Level – $3,000

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TA: Bitcoin Dives Below $40K, Why Bulls Could Struggle In Near Term

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Bitcoin

Bitcoin started a strong decline from the $43,500 resistance against the US Dollar. BTC remains at a risk of more downsides below the $39,200 support.

  • Bitcoin started a major decline after it failed to clear the $43,500 resistance.
  • The price is still trading below $41,000 and the 100 hourly simple moving average.
  • There was a break below a major bullish trend line with support near $42,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could continue to move down if there is a break below the $39,200 support.

Bitcoin Price Declines Heavily

Bitcoin price gained pace for a move above the $42,500 level. However, BTC struggled to gain pace for a move above the $43,500 resistance zone.

A high was formed near $43,497 before the bears appeared. As a result, there was a fresh decline below the $42,000 support level and the 100 hourly simple moving average. Besides, there was a break below a major bullish trend line with support near $42,000 on the hourly chart of the BTC/USD pair.

There was a fresh decline below the $41,200 support zone. Bitcoin even declined below the $40,000 support zone. A low is formed near $39,261 and the price is now consolidating losses.

On the upside, an initial resistance is near the $40,250 level. It is near the 23.6% Fib retracement level of the recent decline from the $43,497 swing high to $39,261 low. The first major resistance is near the $40,500 level. An upside break above the $40,500 resistance could start a steady recovery wave towards $41,200.

Source: BTCUSD on TradingView.com

The next key resistance is near the $41,200 level, above which the bulls might aim a test of $42,500. Any more gains may perhaps call for a move towards the $43,500 resistance zone.

Fresh Drop in BTC?

If bitcoin fails to start a fresh increase above $40,500, it could start a fresh decline. An immediate support on the downside is near the $39,500 zone.

The first major support is seen near the $39,200 zone. A downside break below the $39,200 support zone may perhaps spark another major decline. The next major support is near $38,500, below which the price could even decline below the $38,000 zone.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is in the oversold zone.

Major Support Levels – $39,500, followed by $39,200.

Major Resistance Levels – $40,250, $40,500 and $41,200.

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