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How to Multiply Crypto Assets with High Yield BUSDMatrix?

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How to Multiply Crypto Assets with High Yield BUSDMatrix?

Decentralized finance (DeFi) is an area that many people believe could actually grow significantly over the next few years and capture trillions of dollars’ worth of value. According to statistics, DeFi could be worth $800 billion in 2022 (Source: Insider). So, there are potentially some enormous gains and profits to be made in this space, especially if you’re in here early enough.

Decentralized finance is a blanket term for multiple decentralized financial applications (dapps) offering a wide range of services like borrowing and lending, insurance, exchanges, etc. So, why does DeFi matter? Well, it’s nascent and rapidly growing. Moreover, it is the future of financial services and comes with compelling value propositions. One of the biggest growth drivers of DeFi in 2021 is yield farming (also known as liquidity farming or crypto staking).

What is Yield Farming?

Staking cryptocurrencies or yield farming is a way to earn passive income from your cryptocurrency. You use the coins you have, leave them somewhere else for some time, and receive more in the future.

Yield farming is like putting some cash into a savings account in a bank, and after a certain period getting that cashback plus the interest on top. However, fundamentally the two aren’t the same at all. In yield farming, you aren’t actually lending your coins to someone else so that they can go and invest it. You give them up for staking – the process of actively participating in transaction validation on a proof of stake blockchain.

Best Yield Farming Platform

There are multiple yield farming platforms in DeFi. The most popular is Ethereum and Binance networks. The barriers to entry on Ethereum for staking are pretty high, and you need around $20,000+ worth of Ethereum coins to invest. Also, you may have to keep your coins staked for a couple of years. However, Binance Smart Chain (BSC) is much more flexible and convenient. This is why more and more people are now yield farming on smart contracts on BSC.

One of the best BSC smart contracts for yield farming is BUSDMatrix.io. It is a dapp that allows you to earn 200%+ ROI (return on investment) on BUSD deposits. Since its launch, just about 10 days ago, BUSDMatrix has crossed $5 million BUSD deposits.

Here are the benefits of yield farming on BUSDMatrix:

  1. High Yield Platform

BUSDMatrix gives a stable high yield of 119% to 234%. You can earn 7.8% to 17% daily ROI on a minimum deposit of 5 BUSD.

  1. Easy To Use

Unlike other platforms, BUSDMatrix offers a simple and intuitive interface. Thus, it is super user-friendly.

  1. Referral Rewards

You can also get more profits through the 5-level referral program. More than $400,000 BUSD referral rewards have been awarded already.

  1. Supports Different Wallets

BUSDMatrix is compatible with different crypto wallets. It supports 64 wallets on mobile browsers and 4 wallets on desktop browsers.

  1. Short Investment Periods

You can deposit BUSD for a period of 7 days to 30 days to earn a daily ROI of 7.8% to 17%. So, unlike other yield farming platforms, you do not have to wait months and years to earn yield.

1638865172 348 How to Multiply Crypto Assets with High Yield

Wrapping Up

Yield farming on BUSDMatrix offers many benefits like a clean UI, earning rewards, and 24/7 customer support on Telegram. Their smart contract has been audited by Haze Crypto and the report verifies complete security and no vulnerabilities. However, the biggest advantage is that you can make a real profit on your BUSD stablecoin holdings. You don’t have to wait for the value to go up and sell you BUSD to earn profit. Just deposit them on BUSDMatrix and generate stable regular income.

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Why Polygon Will Implement Ethereum’s EIP-1559 Update

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Polygon Hermez MATIC

Ethereum’s scalability solution Polygon will implement this network update in its fee model via EIP-1559. According to an official post, this upgrade will introduce a burning mechanism for MATIC and will improve its fee visibility.

Related Reading | Polygon Expands Its Footprint As Evolving NFT And Gaming Ecosystems Seek Ethereum Alternatives

Ethereum introduced EIP-1559 with Hard Fork London back in 2021. The update was highly anticipated as it was supposed to aid mitigate Ethereum’s congestion issues and made fee more predictable. Some users even claimed the update was going to significantly reduce Ethereum fees which has proven to be false.

However, as seen below, data from Messari suggest that fees on Ethereum have actually increased since the implementation of EIP-1559. At least in a one-year period and comparing the period pre-London, and the posterior months.

Source: Messari

According to Polygon, their team is got ready to roll out the update today January 18th. As the post claims, EIP-1559 changed Ethereum’s first-price auction model for fee calculation to establish a fixed fee to include a transaction on a block. This base fee can vary and its burn once the transaction has been validated. The post explained:

The burning is a two-step affair that starts on the Polygon network and completes on the Ethereum network. The Polygon team has created a public interface where users can monitor and become part of the burning process.

The team behind Polygon will publish a link to the monitor at a later time. As seen below, users will be able to see the amount of MATIC that has been burned and watch the burning process live.

Polygon MATIC
Source: Polygon’s blog

Polygon To Improve Fee Mechanism, Will EIP-1559 Deliver On Its Promise?

The team behind Polygon claims users, validators, delegators, and everyone on the MATIC ecosystem will benefit. A burning mechanism will contribute with the token’s appreciation as it creates deflationary pressure on its supply.

Some experts believe EIP-1559 was one of the reason for ETH’s price year of continuous appreciation and its bullish momentum. Others have expressed disappointment; they believe the issues present on Ethereum, allegedly to be fix by this update, persist.

The inventor of Ethereum Vitalik Buterin recently defended EIP-1559. Based on a study conducted by two major academic institutions, Buterin claimed this update has achieved its objective of decreasing average waiting time to process transactions on the network.

In an interview for NewsBTC, the co-founder of the non-profit organization Aleph Zero, Adam Gagol, talked about the MEV problem on Ethereum, its impact on the fee cost for users, and the advantages and tradeoffs of EIP-1559. Gagol told us:

(…) the EIP-1559 implementation in London upgrade made the problem even worse. Although it put mechanisms in place to lower fees and protect them against volatility, it did so at the expense of miners. Block production revenue was cut by something like a third, so MEV is more incentivized than ever.

Related Reading | Polygon ’s Side Of The Story: Hard-Fork Resolved A “Critical Vulnerability”

As of press time, Polygon (MATIC) trades at $2,09 with a correction to the downside in the past 24 hours.

Polygon MATIC MATICUSDT
MATIC trends to the downside in the 4-hour chart. Source: MATICUSDT Tradingview

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The Graph Price Prediction 2022 – Will GRT Hit $2 Soon?

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The Graph Price Prediction — Will GRT Hit $2 Soon?
  • Bullish GRT price prediction is $0.7922 to $1.67.
  • GRT price might also reach $2 soon.
  • GRT bearish market price prediction for 2022 is $0.01.

In The Graph’s (GRT) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about GRT to analyze the future movement of the cryptocurrency. 

The Graph Current Market Status

According to CoinGecko, the price of GRT is $0.517 with a 24-hour trading volume of $98,864,928 at the time of writing. However, GRT has decreased nearly 7.8% in the last 24 hours.

Moreover, GRT has a circulating supply of 5,253,842,029 GRT. Currently, GRT trades in cryptocurrency exchanges such as Binance, OKX, CoinTiger, Bitget, and FTX.

What is The Graph (GRT)?

GRT is a global API and indexing protocol designed to organize blockchain data and make it easily accessible via GraphQL. Developers can use Graph Explorer to find, search, and publish any public data needed to build decentralized applications. For developers, they create serverless dApps that run entirely on public infrastructure.

The Graph (GRT) Price Prediction 2022

The Graph holds the 56th position on CoinGecko right now. GRT price prediction 2022 is explained below with a daily time frame.

GRT/USDT Horizontal Channel Trend Pattern (Source: Tradingview)

The horizontal channel trend has the appearance of a rectangle pattern. It consists of at least four contact points. This is because it needs at least two lows to connect, as well as two highs. Buying and selling pressure is equal and the prevailing direction of price action is sideways.

Currently, GRT is in the range of $0.517. If the pattern continues, the price of GRT might reach the resistance level of $1.18. If the trend reverses, then the price of GRT may fall to $0.5208.

The Graph (GRT) Support and Resistance Level

The below chart shows the support and resistance level of GRT.

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GRT/USDT Support and Resistance Level (Source: TradingView)

From the above daily time frame, it is clear the following are the resistance and support levels of GRT.

  • Resistance Level 1 – $0.7922
  • Resistance Level 2 – $1.06
  • Resistance Level 3 – $1.32
  • Resistance Level 4 – $1.67
  • Support Level 1 – $0.44
  • Support Level 2 – $0.013

The charts show that GRT has performed a bullish trend over the past month. If this trend continues, GRT might run along with the bulls overtaking its resistance level at $1.67.

Accordingly, if the investors turn against the crypto, the price of the GRT might plummet to almost $0.013, a bearish signal.

The Graph Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of GRT is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of GRT lies below the cutoff line, indicating weaker participants in the current trend.

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GRT/USDT RVOL, MA, RSI (Source: TradingView)

More so, the GRT’s Moving Average (MA) is shown in the chart above. Currently, GRT is in a bearish state. Notably, the GRT price lies below 50 MA (short-term), so it is completely in a downward trend. Therefore, there is a possibility of a reversal trend of GRT at any time.

Meanwhile, the relative strength index (RSI) of the GRT is at level 36.42. This means that GRT is in a nearly oversold state. However, this means a major price reversal of GRT may occur in the upcoming days. So, traders need to trade carefully. 

The Graph Price Prediction 2022 — ADX, RVI

Let us now look at The Graph’s Average Directional Index (ADX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

The above chart represents the ADX of The Graphs. Currently, GRT lies in the range of 22.92, so it indicates a weak trend. 

From the above chart, the Relative Volatility Index (RVI) of GRT. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of GRT lies below the 50 levels, indicating that the direction of volatility is low. In fact, GRT’s RSI is at 36.42 level thus confirming a potential sell signal.

Comparison of GRT with BTC, ETH

The below chart shows the price comparison between Bitcoin, Ethereum, and The Graph.

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BTC Vs ETH Vs GRT Price Comparison (Source: TradingView)

From the above chart, we can identify the trend of the ETH is moving at the upward trend. But, the recent trend of BTC and GRT moves in a downward direction.

Conclusion

With continuous improvements in the The Graph network, we can say that 2022 is a good year for GRT. For this reason, the bullish price prediction of The Graph in 2022 is $1.67. On the other hand,  the bearish GRT price prediction for 2022 is $0.01.

Furthermore, with the advancements and upgrades on the GRT ecosystem, the performance of GRT would help to reach above its current all-time high (ATH) $1.3 very soon. But, it might also reach $2 if the investors believe that GRT is a good investment in 2022.

FAQ

1. What is The Graph?

GRT is an indexing protocol for querying data for networks such as Ethereum and IPFS, which enables multiple applications in both DeFi and the broader Web3 ecosystem.

2. Where can you purchase GRT?

GRT has listed on many crypto exchanges which include Binance, OKX, CoinTiger, Bitget, and FTX.

3. Will GRT reach a new ATH soon?

With the ongoing developments and upgrades within the GRT platform, it has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of The Graph?

On Feb 12, 2021, GRT reached its new all-time high (ATH) of  $2.84 .

5. Is GRT a good investment in 2022?

The Graph (GRT) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of GRT in the past few months, GRT is considered a good investment in 2022.

6. Can The Graph (GRT) reach $2?

The Graph (GRT) is one of the active cryptos that continues to maintain its Bullish state. Eventually, if this bullish trend continues then The Graph (GRT) will hit $2 soon.

7. What will be the GRT price by 2023?

The Graph (GRT) price is expected to reach $5 by 2023.

8. What will be the GRT price by 2024?

The Graph (GRT) price is expected to reach $11 by 2024.

9. What will be the GRT price by 2025?

The Graph (GRT) price is expected to reach $18 by 2025.

10. What will be the GRT price by 2026?

The Graph (GRT) price is expected to reach $25 by 2026.

Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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Stablecoin Infrastructure Provider Stably Raises Pre-Series A Round Led by VeChain’s CEO and Morgan Creek Capital

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Stablecoin Infrastructure Provider Stably Raises Pre-Series A Round Led by VeChain’s CEO and Morgan Creek Capital

Seattle, United States, 18th January, 2022, Chainwire

Stably, a US venture-backed stablecoin and asset tokenization infrastructure provider, announced it has secured an undisclosed amount of funding in a recent Pre-Series A equity financing round led by Morgan Creek Capital, Jackson Fu from CREAM & Partners and Sunny Lu from VeChain. Other new investors included Hard Yaka, Bloccelerate, B21 Capital, Lou Kerner from Blockchain Coinvestors and David Choi from Taureon Capital as well as two existing investors, BEENEXT and Pay It Forward

The fresh round of funding will enable Stably’s 20+ member team to pursue several key strategic initiatives in 2022, one of which is rapidly tripling its engineering team’s size to further improve Stably’s Stablecoin-as-a-Service (SCaaS) offerings and expanding the company’s fiat-to-stablecoin gateway to meet growing demand across various emerging blockchain ecosystems, including non-custodial wallets and Web3 applications for DeFi, GameFi, NFT marketplaces and even metaverses.

Currently, the more than $160-billion global stablecoin market is highly fragmented across nearly 100 different blockchain protocols and many lack adequate fiat currency access points, or “on-ramps,” for their end users. On top of this, the fiat-to-stablecoin on-ramping market itself still remains very inefficient. For example, it may cost between 20% to 40% to purchase Circle’s USDC, a popular US Dollar stablecoin, with credit/debit cards via MoonPay or Simplex, two leading fiat-to-crypto gateway providers in the world.

To differentiate itself from other fiat-to-crypto gateways, Stably mainly focuses on providing stablecoins for “small-to-mid cap” blockchain platforms (i.e. “emerging” blockchains with native tokens between $100-million to $10-billion in total market capitalization). These nascent blockchains with enormous growth potential are still vastly underserved by most stablecoin issuers and fiat ramp providers today.

“Sunny Lu decided to participate in our round because he was also seeking for a practical and fast Stablecoin-as-a-Service solution for the VeChain ecosystem,” says  Kory Hoang, Co-Founder and CEO of Stably. “Practically speaking, Stably was the only company in this space that could quickly integrate with the VeChainThor blockchain to launch a compliant stablecoin within a few months of our initial discussions.”   

Over the past twelve months, Stably has integrated its stablecoin infrastructure and products/services with seven emerging blockchain networks, including VeChainThor, DigitalBits and Chia Network. The company, via its regulated financial institution partners, processed over $100-million in transaction volume from users in 2021 and grew its total revenue by more than 10x compared to the previous year. “Stably also helped launch a gold-backed branded stablecoin recently for Kitco Digital Metals Group , a member of the Kitco group of companies focused on developing and promoting digital metals products, aiming to be a world leader of precious metal tokens. These achievements, in turn, helped attract significant institutional investor interest in Stably’s Pre-Series A round.

“As a leading incubator of FinTech and blockchain technology solutions, I saw the unique potential of Stably’s Stablecoin-as-a-Service platform right away,” says Jackson Fu, Founder of CREAM. “Our strategy and community building capabilities will see that this potential is maximized. As such, we are excited to invest in this round of financing as the lead investor, and to become a Stably board member going forward. We will see much happening with Stably, stay tuned!”

Going forward, Kory predicts a lot more DeFi, GameFi, NFT marketplace and metaverse activities will take place on emerging blockchain networks. He is planning for Stably to integrate with another 12 emerging blockchains by the end of this year. Kory estimates that there will be a total of 100+ emerging blockchains in need of stablecoin infrastructure by the end of 2022 and even 300+ by 2025.

About Stably

Stably is a venture capital-backed FinTech startup from Seattle (USA), with a focus on providing asset tokenization and stablecoin payment infrastructure for emerging blockchain networks, Web3 wallets and applications, including DeFi protocols, NFT marketplaces and metaverse platforms. The company’s mission is bridging money from traditional finance (TradFi) to the digital economy by providing Web3 users with fiat-to-stablecoin on-ramps that are faster, cheaper, secure and globally accessible. For more information about Stably, please visit: www.stably.io. For any press and media inquiry, please email: [email protected]. For all other inquiries, please email: [email protected].

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