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Here’s why Ethereum (ETH) price struggles despite positive news

Published 20 June 2024 by budgetguru.in

 

 

The lack of response in Ether’s price to positive news may stem from investors’ concerns over deteriorating macroeconomic conditions. Ether (ETH), currently priced at $3,537, has faced downward pressure since June 7 when it fell below the critical $3,800 support level. Despite several favorable developments, its price has hovered below $3,600 as of June

19, showing no weekly change.

Analysts point to several factors contributing to this bearish sentiment. Some attribute it to insufficient institutional demand for cryptocurrencies, while others highlight regulatory uncertainties within the Ethereum ecosystem as significant factors influencing market dynamics.

Noelle Acheson, author of the ‘Crypto is Macro Now’ newsletter, expressed surprise at Ether’s failure to gain positive momentum following Consensys’s legal victory over the regulator. She also questions whether other regulatory issues related to staking could be dampening investor interest.

On June 18, Consensys, a developer within the Ethereum ecosystem, announced that the U.S. Securities and Exchange Commission (SEC) had concluded its investigation into whether Ethereum might be considered a security and the company’s involvement in ETH sales. Consensys had taken legal action against the SEC in April after receiving a Wells notice, which warned that its MetaMask wallet might have violated securities laws.

Ether’s decline coincided with Bitcoin (BTC), the leading cryptocurrency, facing resistance near $72,000 on June 7. This occurred amid investor concerns about the fiscal health of the United States, worsened by high interest rates and negative economic indicators such as rising wages and an increasing unemployment rate. In May, U.S. average hourly earnings rose by 0.4% compared to the previous month, while the unemployment rate climbed from 3.9% in April to 4.0%.

Dan McArdle, the co-founder of Case4Bitcoin, noted that as long as the macroeconomic environment remains stable, cryptocurrency appears reasonably priced, and its long-term bullish trend should continue. However, McArdle warns that a “macro shock” or a sharp correction in the S&P 500 would negatively impact cryptocurrencies in the short to medium term. Therefore, the current lack of interest in Ether could reflect investors’ heightened concerns about a potential recession.

In addition to the recent Consensys development, regulatory news for Ether has been overwhelmingly positive. SEC Chair Gary Gensler confirmed that the launch of U.S. spot Ethereum exchange-traded funds (ETFs) would occur within three months. However, Ethereum faces its own challenges, including persistently high network processing fees, which have exceeded $4 over the past week.

The SEC has concluded its investigation into whether Ethereum (ETH) could be classified as a security, marking a significant development for the cryptocurrency. In a June 19 announcement, Ethereum developer Consensys revealed that the SEC’s Enforcement Division notified them of closing the investigation into Ethereum 2.0. This decision means the SEC will not pursue charges alleging that ETH sales constitute securities transactions, a move hailed as a major victory for Ethereum developers, technology providers, and industry participants.

Consensys initiated the request to end the investigation on June 7, following the SEC’s approval of spot Ether exchange-traded funds (ETFs) in May, which categorized ETH as a commodity. The SEC’s response letter, shared by Consensys senior counsel Laura Brookover, confirms the agency’s decision not to recommend enforcement action.

This regulatory clarity coincides with the approval of 19b-4 filings from major Wall Street firms like VanEck, BlackRock, and Fidelity, paving the way for spot Ether ETFs to be listed and traded. Bloomberg analyst Eric Balchunas anticipates these ETFs will commence trading on July 2. Moreover, K33 Research forecasts substantial investor interest, predicting $4 billion in inflows into these investment products within the first five months. This optimistic forecast suggests a bullish outlook for ETH, with expectations potentially driving its price to $5,500 by August.

In addition to regulatory developments, investor behavior has shown a positive shift with ETH holders moving their tokens into private wallets rather than keeping them on crypto exchanges. This trend indicates a preference for long-term holding strategies over short-term trading or liquidation into other cryptocurrencies or fiat currencies.

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“Unlock Digital Wealth: Essential Strategies for Money Earning Online”

Published 18 April 2024 by budgetguru.in

Outline for the Article: “Money Earning Online”

Level Heading
H1 Money Earning Online
H2 Understanding the Landscape of Online Earning
H3 The Rise of Digital Workplaces
H3 Opportunities and Challenges in Online Earning
H2 Key Online Money-Making Strategies
H3 Freelancing: Your Skills, Your Schedule
H3 Digital Products: Creating and Selling
H3 Affiliate Marketing: Earning Through Endorsements
H3 Stock Photography: Earnings from Your Creativity
H2 Platforms for Online Earning
H3 Overview of Top Freelancing Websites
H3 E-commerce Sites for Artists and Crafters
H2 Leveraging Social Media for Income
H3 Building a Brand on Social Media
H3 Monetization Strategies for Influencers
H2 Passive Income Streams Online
H3 Investments in Digital Assets
H3 Automating Online Businesses
H2 Practical Tips for Successful Online Earning
H3 Setting Goals and Expectations
H3 Essential Tools and Resources for Online Entrepreneurs
H2 FAQs: Common Questions About Earning Money Online
H2 Conclusion: Embracing the Future of Online Earning

 

Money Earning Online

SEO Meta Description: Explore the vast opportunities of earning money online. From freelancing to passive income streams, learn how to leverage your skills and technology to boost your financial health in this detailed guide.

Understanding the Landscape of Online Earning

The digital revolution has transformed traditional job landscapes, paving the way for numerous opportunities to earn money online. This shift is not just about global connectivity but also embodies the flexibility and diversity of income-generating activities available from the comfort of your home.

The Rise of Digital Workplaces

Today’s technology allows for seamless integration of various digital tools and platforms, enabling individuals to work remotely or start their businesses online with minimal startup costs. The digital workplace is no longer bound by geographical or temporal constraints, which has opened up a global marketplace for skills and products alike.

Opportunities and Challenges in Online Earning

While the opportunities to earn online are vast, they come with their challenges, such as increased competition and the need for continual skill enhancement. Additionally, navigating the reliability of online platforms and managing work-life balance can also pose significant hurdles.

Key Online Money-Making Strategies

Several strategies have proven effective for individuals looking to earn money online. Each method suits different skills, investment capabilities, and personal preferences.

Freelancing: Your Skills, Your Schedule

Freelancing remains one of the most popular ways to earn online, offering flexibility and control over your workload. Platforms like Upwork, Freelancer, and Fiverr provide freelancers with a plethora of opportunities in fields ranging from writing and graphic design to digital marketing and programming.

Digital Products: Creating and Selling

Selling digital products, such as Ebooks, courses, and software, offers a way to generate income without the need for physical inventory. This approach not only reduces overhead costs but also allows for selling globally, reaching more customers than traditional retail channels.

Affiliate Marketing: Earning Through Endorsements

Affiliate marketing involves promoting other people’s products and earning a commission from sales through your referral. This method is beneficial for those with a strong online presence, such as bloggers, YouTubers, or social media influencers.

Stock Photography: Earnings from Your Creativity

Photographers can earn by selling their photos to stock photography websites like Shutterstock or Getty Images. This can become a lucrative passive income source as each photo can be sold multiple times.

Platforms for Online Earning

Choosing the right platform is crucial for maximizing your online earning potential. Each platform has its strengths, depending on the nature of the work and the target audience.

Overview of Top Freelancing Websites

Websites like Upwork and Freelancer cater to a wide range of professions and skill levels, while niche platforms like 99designs or Toptal may appeal to specialized skills in design and technology.

E-commerce Sites for Artists and Crafters

Platforms like Etsy and Shopify allow artists and crafters to sell their creations to a global audience, providing tools and support to set up a shop with ease.

Leveraging Social Media for Income

Social media platforms are not just for connectivity but are also potent tools for generating income.

Building a Brand on Social Media

Creating a personal brand on platforms like Instagram, Twitter, and Facebook can attract sponsorships and advertising opportunities, turning a social media presence into a significant income source.

Monetization Strategies for Influencers

Influencers can earn through direct sponsorships, ad revenues, and by participating in affiliate marketing programs. This requires a dedicated strategy to grow and engage an audience effectively.

Passive Income Streams Online

Passive income involves earning money with minimal daily effort, an attractive proposition for many.

Investments in Digital Assets

Investing in digital assets such as cryptocurrencies and NFTs has become a popular method for generating passive income, though it carries higher risks.

Automating Online Businesses

Automation tools allow for scaling business operations online, managing customer interactions, sales processes, and marketing campaigns efficiently.

Practical Tips for Successful Online Earning:

Setting Goals and Expectations

It’s essential to set realistic goals and understand what you’re capable of achieving given your skills and the time you can commit.

Essential Tools and Resources for Online Entrepreneurs

Leveraging the right tools—from project management software to customer relationship management (CRM) systems—can significantly enhance productivity and profitability.

FAQs: Common Questions About Earning Money Online

  1. What is the most profitable way to make money online?
  2. How can I start earning money online with no initial investment?
  3. What are the risks of online earning?
  4. How do I avoid scams in online earning?
  5. Can online earning replace my full-time job?
  6. How much time do I need to invest to see significant earnings from online activities?

Conclusion: Embracing the Future of Online Earning

As the digital landscape evolves, so too do the opportunities for earning money online. By staying informed, continually upgrading your skills, and strategically utilizing technology, you can tap into these opportunities and potentially transform your financial future.

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Easy Ways to Earn Money: Practical Tips for Every Skill Level

Published 16 April 2024 by budgetguru.in

Introduction

These days, having more than one way to make money is really important. No matter if you need a little extra cash or a full-time gig, there’s a bunch of ways to make money that fit different skills and schedules. This article will show you various easy ways to get started, no matter what you’re good at or how much time you have.

Online Opportunities

The internet has opened up tons of options for making money from home or anywhere you like. Here are some simple ideas:

  • Freelancing: Websites like Upwork and Freelancer help you find short-term jobs like writing, graphic design, or computer programming. The key is to make a good profile and get positive reviews to keep the jobs coming.
  • Digital Products: If you know a lot about something, or if you’re good at creating things like art or crafts, you can sell what you make online. You could write a how-to eBook, create a video course, or sell your art downloads.
  • Affiliate Marketing: You can make money by recommending other people’s products online. If you start a blog or a YouTube channel, you can review products and share links that earn you a bit of money when your viewers buy them.

Investments Investing some money can help you earn more without much extra effort, but you’ll need a little money to start:

  • Stock Market: It’s easy nowadays to start investing in stocks or funds through apps like Robinhood or E*TRADE. Buying dividend-paying stocks can give you a little extra cash regularly.
  • Real Estate: Making money from houses or apartments, either by renting them out or buying and selling for a profit, can be very rewarding. If you don’t want to buy property directly, you could invest in a Real Estate Investment Trust (REIT), which is simpler and requires less money.
  • Cryptocurrencies: Digital currencies like Bitcoin are another option, though they can be risky. If you’re interested, it’s best to learn as much as you can before you start.

Side Hustles If you’re looking for ways to make money in your spare time, these ideas might be right up your alley:

  • Crafting and Selling: If you like making things, websites like Etsy can help you sell your crafts to people all over the world.
  • Tutoring or Coaching: If you’re really good at something, like math or playing an instrument, you can make money by teaching others, either in person or online through sites like Tutor.com.
  • Pet Sitting and Dog Walking: If you love animals, services like pet sitting or dog walking can be a fun and rewarding way to earn extra cash. Apps like Rover can help you find pet owners in your area who need help.

Passive Income Streams Passive income is money you earn with little ongoing effort. Here are some ways to get started:

  • Rental Properties: Buying a place and renting it out can bring in steady money. If you don’t want to handle the day-to-day tasks, you can hire a property manager.
  • Creating an App: If you have a great idea for an app, developing it could bring in money through sales or ads within the app.
  • Dividend Stocks: Buying stocks that pay dividends is another way to get money regularly without selling the stocks. You’ll need to invest some money and pick the right stocks to start.

Conclusion

There are many different ways to make extra money, depending on what you’re interested in and what you’re good at. The important thing is to start somewhere. Even a small step today can lead to bigger opportunities tomorrow. Choose an idea that sounds fun or interesting to you, and give it a try!

FAQs About Earning Money Easily

1. What are some easy ways to start making money online?

Answer: Some easy ways to start making money online include freelancing on platforms like Upwork and Freelancer, selling digital products such as eBooks and courses, and engaging in affiliate marketing. These methods allow you to leverage your skills and interests to earn income from home.

2. How can I earn passive income?

Answer: To earn passive income, consider investing in rental properties, dividend stocks, or creating an app. Rental properties can generate regular rental income, dividend stocks pay you dividends periodically, and apps can earn money through sales or advertisements.

3. What are some good side hustles for extra cash?

Answer: Great side hustles for extra cash include crafting and selling handmade goods on Etsy, tutoring in subjects you are knowledgeable about through platforms like Tutor.com, and pet sitting or dog walking with services like Rover. These activities can fit into your schedule and provide additional income.

4. Is investing in cryptocurrencies safe?

Answer: Investing in cryptocurrencies can be risky due to their high volatility and uncertainty. It’s important to do thorough research and understand the market before investing. Consider starting small and only invest money you can afford to lose.

5. How do I choose the right platform for freelancing?

Answer: Choose a freelancing platform based on your skills and the type of projects you are interested in. Platforms like Upwork are great for a variety of freelance jobs including writing, graphic design, and tech projects, while Freelancer can offer more diverse project types. Check each platform’s fees, payment methods, and reviews to find the best fit for you.

6. Can you really make money from affiliate marketing?

Answer: Yes, you can make money from affiliate marketing by promoting products or services and earning a commission on sales made through your affiliate links. Success in affiliate marketing depends on your ability to attract and engage an audience through blogs, social media, or YouTube channels.

7. What should I consider before starting a side hustle?

Answer: Before starting a side hustle, consider your available time, interests, and the potential start-up costs. Choose something you are passionate about and that can fit seamlessly into your existing schedule. It’s also important to research the market demand and any necessary legalities or permits required.

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Bitcoin Price Prediction : Can BTC Reach $100,000 By April, 2024?

Published 31 March 2024 by budgetguru.in

 

Major Insights:

  • Bitcoin’s price has been staying within a certain range lately, even though it took a big dip right before the weekend.
  • The buyers (often called “bulls”) are showing that they still have power, which might mean the price will go up again, but it’s hard to say how strong that increase will be.

Bitcoin Overview as of March 31, 2024

Bitcoin Price $70,328.29
24 Price Change +0.58%
7D Price Change +8.79%
Market Cap $1.38 trillion
Circulating Supply 19.67 million
Trading Volume (24-Hour) $17.59 billion
ATH $73,750.07
Fear-Greed Index 80 (Greed)
Sentiment Bullish
Low (24-Hour) $69,601.07
High (24-Hour) $70,483.40

BTC Price Prediction

Since it started in 2009, Bitcoin (BTC) has been a big deal, catching the attention of tech fans and investors alike. Its value has gone through some wild swings, going from less than $500 in 2013 to over $64,000 by 2021.

After dropping a lot from those highs, Bitcoin fell below $17,000 in 2022. But it’s been on the upswing again, hitting a new record high of over $73,750 on March 14. This has got many investors wondering if Bitcoin will keep going up and maybe even hit six figures.

When Will Bitcoin Hit $100,000?

Predicting when Bitcoin will hit $100,000 is tricky because nobody can say for sure what will happen with its value in the near or distant future. But we can take a look at how its price has changed in the past to get an idea.

Back in January 2014, Bitcoin was valued around $800. Fast forward to January 2024, and it was worth over $42,000. That’s an incredible increase of more than 5,150%, which translates to an average yearly return of more than 135% over the past ten years.

If Bitcoin keeps growing at the same rate as it has in recent years, it could hit $98,700 by January 2025 and reach $100,000 the following month, February.

Some experts think Bitcoin might actually increase in value even faster. Frank Holmes, who works at HIVE Digital Technologies, says it could double or even quadruple in price over the next year.

Matt Hougan from Bitwise also thinks Bitcoin could skyrocket in value this year. He believes we’re in a phase where Bitcoin’s price keeps going up for several years, and it might hit new record highs.

But remember, predicting Bitcoin’s price is tricky. It can change a lot in a short time, and even though it’s been growing, there have been times when its value dropped by half or more and took months or years to recover. So, while it’s exciting to think about Bitcoin reaching new highs, it’s essential to understand the risks involved due to its unpredictable nature.

Couple Of Reasons Why the Price of Bitcoin Might Go Up:

  1. Spot Bitcoin ETFs: Recently, the U.S. Securities and Exchange Commission gave the green light for spot Bitcoin ETFs. These ETFs let investors buy Bitcoin directly at its current price, rather than dealing with complicated futures contracts. This move makes it easier for people to invest in Bitcoin, potentially attracting new investors who were hesitant before because buying crypto seemed too complex.
  2. The Bitcoin Halving: Bitcoin operates on a system where the supply of new Bitcoin gets cut in half every so often, a process called halving. This reduction in new Bitcoin being produced is set to happen again on April 20th 2024. When this happens, it means there will be fewer new Bitcoins entering the market, which historically has led to higher demand for Bitcoin and increased trading activity.

In simpler terms, these developments could lead to more people wanting to buy Bitcoin, which could drive its price up.

Layer-2 Solutions:

One thing boosting Bitcoin’s price nowadays is something called Layer-2 solutions. These are improvements that make the Bitcoin network faster and more useful. Before, Bitcoin could only be used for basic stuff like sending and receiving coins. But now, it can do more complex things like smart contracts or running decentralized apps. These extra features make Bitcoin more valuable.

Could Bitcoin Crash Again?

Bitcoin has a history of wild ups and downs. It started off almost worthless, then shot up in value, crashed, and then went up again. But it’s also had some big drops, like when it went from $60,000 to below $30,000 in just a few months. The reasons for a crash could be anything from new rules from the government to a new cryptocurrency becoming more popular.

Bitcoin’s Environmental Impact:

People are worried about how much energy Bitcoin uses. It’s using about as much electricity as a whole country like Argentina and causing a lot of pollution. This could lead to more rules about Bitcoin or people choosing other cryptocurrencies instead.

Does Bitcoin Still Have Any Upside?

Some big players in finance and government are starting to take Bitcoin seriously. It’s also been around for over 15 years and keeps growing. But there are thousands of other cryptocurrencies now, and Bitcoin’s value can go up and down a lot.

Should You Invest in Bitcoin?

Bitcoin has made a lot of people rich, but it’s also really risky. Some experts think it’s worth it for the potential rewards, but others say it’s too risky for everyday people. It’s like betting on something that’s still new and uncertain.

FAQs:

  1. Next Bitcoin halving: Bitcoin halving happens every four years or after every 210,000 blocks. The next one is scheduled in April 20th, 2024.
  2. Bitcoin price change in the last 24 hours: In the past day, Bitcoin’s price went up by 0.45%, hitting a high of $70,483 and a low of $69,601.
  3. Current value of 1 Bitcoin: Right now, 1 Bitcoin is worth $70,300.
  4. Purpose of Bitcoin halving: Bitcoin halving reduces the amount of Bitcoin produced with each block, making it scarcer and potentially more valuable.
  5. Will Bitcoin’s price go up?: With the next Bitcoin halving approaching, many expect its price to increase.
  6. Projected Bitcoin price in 2024: Experts predict Bitcoin could range between $35,000 and $120,000 in 2024, averaging around $77,500.
  7. Projected Bitcoin price in 2025: By 2025, Bitcoin could reach highs of $110,449 and lows of $61,357, with an average price around $85,903.
  8. Total number of Bitcoins: Currently, there are about 19.67 million Bitcoins in circulation, out of a maximum limit of 21 million.
  9. Bitcoin reaching $1 million by 2030: Some enthusiasts believe Bitcoin could hit $1 million by 2030, while others expect it to surpass $500,000.
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Top 10 Cryptocurrencies To Invest In 2024!

Top 10 Cryptocurrencies To Invest In 2024!

Published 26 March 2024 by budgetguru.in

Cryptocurrencies have taken the world by storm, revolutionizing the way we think about money and finance. In this article, we’ll dive into the top 10 cryptocurrencies, their unique features, and their impact on the digital landscape. Whether you’re a seasoned investor or just curious about this exciting new field, join us as we explore the forefront of digital finance.

 

10. Chainlink (LINK): Chainlink is a decentralized oracle network that connects smart contracts with real-world data. By enabling smart contracts to interact with external information, Chainlink enhances the capabilities and potential use cases of blockchain technology.

 

9. Litecoin (LTC): Often referred to as the silver to Bitcoin’s gold, Litecoin was created by Charlie Lee, a former Google engineer. With its faster block generation time and lower transaction fees, Litecoin aims to provide a more efficient and accessible alternative to Bitcoin.

 

8. Dogecoin (DOGE): Originally created as a meme-inspired cryptocurrency, Dogecoin has gained a significant following and become a symbol of community and generosity. With its Shiba Inu mascot and lighthearted nature, Dogecoin has captured the attention of both crypto enthusiasts and internet culture aficionados.

 

7. Polkadot (DOT): Polkadot is a multi-chain platform that allows different blockchains to interoperate and share information. By connecting various networks, Polkadot aims to foster an interconnected blockchain ecosystem, enabling seamless communication and collaboration.

 

6. Solana (SOL): Solana is a high-performance blockchain platform designed for decentralized applications and scalable decentralized finance (DeFi). Its unique architecture enables fast and low-cost transactions, making it an attractive option for developers and users alike.

 

5. XRP (XRP): Developed by Ripple, XRP aims to revolutionize cross-border payments and remittances. With its fast transaction speed and low fees, XRP has gained traction among financial institutions and payment processors worldwide.

 

4. Cardano (ADA): Cardano is a blockchain platform that aims to provide a secure and scalable infrastructure for the development of decentralized applications and smart contracts. Built on a foundation of peer-reviewed research, Cardano seeks to combine academic rigor with practical blockchain solutions.

 

3. Binance Coin (BNB): Binance Coin is the native cryptocurrency of the Binance exchange, one of the largest and most popular cryptocurrency exchanges in the world. BNB offers various utilities within the Binance ecosystem, including discounted trading fees, participation in token sales, and more.

 

2. Ethereum (ETH): Ethereum is more than just a cryptocurrency; it’s a decentralized platform that enables the creation of smart contracts and decentralized applications (DApps). Powered by its native cryptocurrency, Ether, Ethereum has revolutionized industries such as finance, gaming, and decentralized finance (DeFi).

 

1. Bitcoin (BTC): Bitcoin, the pioneer of cryptocurrencies, needs no introduction. Created by an anonymous person or group known as Satoshi Nakamoto, Bitcoin introduced the concept of decentralized digital currency. It remains the most valuable and widely recognized cryptocurrency, serving as a store of value and a medium of exchange.

 

Conclusion: The world of cryptocurrencies is constantly evolving, with new projects and innovations emerging every day. The top 10 cryptocurrencies we’ve explored in this article represent a diverse range of applications and technologies, each contributing to the growth and adoption of digital finance. Whether you’re considering investing or simply curious about the possibilities, remember to do your own research and stay informed in this exciting and dynamic field.

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