Buy, Sell and Trade Digital Currency

Buy, Sell & Trade Bitcoin, Ethereum, Ripple, LiteCoin and more cryptocurrencies in India. www.coindhan.com

[coindhan02]

Read Here

Is It Good To Buy ETH in 2023?

Macro factors like galloping inflation, Fed interest rate hike, oil and food crisis, Ukraine-Russia war gave ripples down the spine to crypto investors in 2022. However the silver-lining beyond the dark clouds have started to surface after bank busts in 2023 and Ethereum’s new upgrades making the next market buzz around. With that being said, Eth has been rocking and rolling above the $1500 levels for quite some time despite the market panic.

The recent Capella and Shanghai event have given fresh impetus to Eth’s demand and we should be going long on ETH for 2023 for the given few reasons;

Top Reasons To Invest in ETH in 2023

The Merge Catalysts

How does an asset derive its value? It derives its value through the utility and scarcity it creates. Post the Merge event, in contrast to the number of ETHs which were produced prior, the numbers have dropped significantly. For example, in comparison to the PoW consensus that created 13,000 Ether per day, the post Merge scenario has brought those numbers to 1300, allegiance to EIP 1559 that burns a part of the gas fees after each block.

With that said, ETH is slowly inching towards becoming ultrasound money. The major trade-off is that at the backdrop of shady practices by the TradFi, users might pivot to DeFi, and Ethereum holds majority of the DeFi, setting a new narrative as a go to ecosystem for building the next face of finance.

Layer 2’s on Fire

Undoubtedly high gas fees were a pressing challenge that the Ethereum chain has dealt with ever since its inception. We have had our share of challenges when the crypto kitty event happened. However Vitalik Buterin took cues from such incidents and moved towards layer 2. Optimism and Arbitrum provided the much needed leverage to Ethereum; however, their computational integrity despite being fast and efficient has often been questioned.

On that note, ETH’s pivot to ZK or Zero Knowledge Proof systems might set-up a new narrative. Vitalik has already said that Sharding and the Merge are watershed moments in ETH’s journey but it will be the layer 2’s that shall carve a new way ahead for massive adoption. Polygon, which is the preferred layer 2 scaling solution for Ethereum, has recently launched ZKeVM which shall give more leverage to such claims. Hence setting a positive narrative for ETH to rage inferno in the coming days.

[coindhan02]

Read Here

Matic Price Analysis

In the last couple of days, the ALT has failed consequently to maintain strong support above the $1 level. Major resistance was forming at around $1.02 levels. If the market responds in the right way, we could see another target forming at around $1.06. Judging by the present sentiments of the market which is a little grim, if Matic could push above the $1.06 levels, in that case, it would help in recovering the bullish momentum.

However if such things do not happen, in that case, Matic could further slide down to $.98. Any further fall will check how far the bears could take the ALT, where the target has been set at around $0.96 and $0.90 respectively. Right at this moment, the charts suggest that Matic is down and out and there’s a sharp decline in the buying pressure as evident from the red volume bar as mentioned on the chart.

What Does the TA Say For Matic?

The TA says that at $1.14, Matic was performing well; however, as the market sentiments turned bearish at the backdrop of BTC correcting, a large selling pressure ensued and buyers simply were left off at the coast.

RSI has dropped substantially below the halfway point, which says that the token has been overbought and now the reversal has been in trend. At the same time, the 20-Day SMA is below the 50-Day SMA, which further shows that sellers have been the one responsible for the conflagration. It is expected that if Matic could possibly outsmart the present narrative, it could mean that we are indeed bracing up for the reversal ahead. However, at a larger picture, it looks highly non-correlated when we speak of an upside because the bollinger bands have also been showing extreme price volatility in the upcoming days. It would mean that we might see further downside for Matic in the upcoming days.

Any Supportive News For Matic Which Could Trigger a Rally?

Though Matic has been highly lauded for optimizing the gas costs on the Ethereum  chain, it cannot be ignored that sometimes gas costs do climb up during peak hours. As a result of that, the expected hardfork will introduce new changes which might help in optimizing the gas costs. WIth that being said, it will be very convenient to anticipate and optimize the gas costs, which is exclusively essential for driving massive adoption.

At the same time, Matic is also planning for the ZK-EVM. The ZK-EVM will bolster further development and help in building on top of the Polygon chain with the existing assembly languages. Right now developers have to face a lot of challenges while deploying computation algorithms across different blockchain ecosystems. However compatibility in the best interest for the Matic/Polygon chain would further aid in interoperability and we could seemingly witness better scalability and performance in the long run. However it will be interesting to see how all the given updates and changes respond to the bear market which is expected to stretch further.

[coindhan02]

Top Features of Coindhan Attracting Investors www.coindhan.com 

Ad Posts 

Sellers can post ads which set-up specific parameters filtering the entire process. In this way, only the preferred traders can see their ads and interact with them for buying and selling cryptocurrencies.

Bank Transfers 

You can directly transfer the crypto profits to your bank account without much hassle. This has made Coindhan one of the best crypto exchanges where you can trade in crypto.

Faster Transactions 

Transactions are lightning fast on Coindhan which makes it a preferred crypto exchange to trade cryptos.

Support 

Coindhan has a 24*7 and 365 days support model to help crypto traders trade cryptocurrencies with no hassles.

Escrow 

Coindhan also has an escrow system that safeguards users since first time P2P traders feel what if we pay to the seller and they do not release the crypto. In such a situation, the exchange intervenes and takes their wallet in custody to pay to the buyer.

  Security of Coindhan 

These days exchange hacks and bank runs have triggered a panic in the crypto space. Keeping that in mind, Coindhan has introduced 2FA or 2 Factor Authentication which safeguards investors for a memorable trading experience.

Download now :👇 http://onelink.to/9p7sq3 

 Sign up here:👇 https://www.coindhan.com/signup 

 Happy trading in a new and better way!📈

[coindhan02]

How Innovations like BardAI and ChatGPT Could be a Threat In the Foreseeable Future?

When there’s innovations, there will be challenges on the way as well. When there was no internet in place, there was no scope for cyber-crimes. However as the proliferation grew, at the time of writing, cyber-crimes are a pressing challenge. The same would go as far as technologies like BardAI and ChatGPT are concerned. How?

Absolute exercise of power in the hands of few companies would make searches not just personalized but an opportunity for abuse at the hands of the big tech. For example, we have already seen instances of data abuse at the hands of big techs like Meta. The infamous Cambridge Analytica Scandal still haunts a lot of people. Now, we are looking at a larger narrative where through DeepTech, these big players could control the entire data of the users. It could start from identifying interests, history & search patterns, social media activity, online chats and emails. Almost a large chunk of the user’s information is at the hands of a few companies which are ready for abuse.

Hence when a few companies would be controlling such a treasure trove of information because as we likely see, big techs understand that now data is the new oil. With that being said, they want to control the majority of that data. Hence concentrating the power in the hands of a few big players could go in the wrong direction in the future.