Exploring The IndoEx Cryptocurrency Exchange The First Trading Platform To List The Markethive Token – Hivecoin

Exploring The IndoEx Cryptocurrency Exchange The First Trading Platform To List The Markethive Token – Hivecoin

The IndoEx exchange aims to cater to a broad spectrum of investors, including newcomers, seasoned traders, and institutional investors, rather than focusing on a specific target audience like most crypto trading platforms. The platform's primary objective is to offer a robust and efficient infrastructure that enables seamless and rapid transactions of crypto assets.

As the IndoEx trading platform is the first crypto exchange to list Hivecoin, this article delves deeper into the platform, exploring it further to bring awareness to the Markethive community. Since its establishment in 2019, IndoEx has gained prominence in the alternative cryptocurrency trading sector due to its reasonable commissions, secure wallets, high trading volume, and fast transactions.

The trading platform, with offices in the United Kingdom and Estonia, provides close to 300 trading pairs, can be used in 150 different countries, and supports a range of cryptocurrencies, including popular ones such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Tether (USDT), and Ripple (XRP), as well as notable alternative coins like DASH, Chainlink (LINK), and Solana (SOL). Furthermore, it accommodates less mainstream coins and tokens like NEO, Cardano (ADA), and EOS, amounting to 180 cryptocurrencies. Users can exchange these coins for traditional currency or trade them with one another.

The platform provides users exclusive access to newly launched tokens through airdrops, giving them a head start in discovering and acquiring new tokens with the potential for long-term growth. Beyond trading, users can also benefit from receiving free tokens that may significantly impact the global market. Furthermore, the platform hosts trading contests and an initial coin offering (ICO) launchpad, offering crypto enthusiasts a comprehensive suite of features.

IndoEx stands out for its capability to present users with lucrative investment prospects and provide them with a secure platform to store their digital assets. It is specifically tailored for advanced trading tasks and employs an institutional-grade Gox-compliant API to handle high transaction volumes and fast trading activities effectively. Thanks to its efficient transaction processing system, the exchange caters to institutional crypto-traders who engage in rapid and substantial investments.

IndoEx maintains commercial and criminal insurance in an aggregate amount greater than the value of all the digital currency it holds in online storage. Its insurance policy is made available through a combination of third-party insurance underwriters and IndoEx, a co-insurer under the policy. The policy protects against digital currency theft resulting from a security breach, hack, employee theft, or fraudulent transfer. This feature not only enhances credibility but also fosters trust from major financial institutions, ultimately increasing usage and acceptance.

Although the exchange is geared toward seasoned traders, it also serves as a valuable learning tool for newcomers and crypto enthusiasts, offering a hands-on introduction to the inner workings of the cryptocurrency market and investment strategies. The exchange delivers a sophisticated, user-friendly, and supportive trading environment that fosters success for all users, regardless of their experience level. As a result, the platform has gained widespread recognition and adoption among traders globally.

IndoEx offers API support for cross-platform trading robots, facilitating high-performance algorithmic trading and enabling users to enhance their effectiveness using automated trading strategies. Additionally, customers can choose from more than ten payment methods to swiftly add funds to their accounts and start trading.

IndoEx is deeply committed to customer satisfaction and offers various support channels, such as email and social media platforms, including Telegram, X, WhatsApp, Instagram, and Facebook. These channels are designed to make it easy for users to contact customer care and stay updated on the latest news and announcements. Users can also call or connect with the company directly using WhatsApp. IndoEx's website has a help center that contains helpful information and frequently asked questions (FAQs) about the platform, ensuring that users always have the support they need. 

What are the steps to create an account on IndoEx?

To create an account, provide a username, email address, password, and an invitation code if you have one. Next, confirm your email address to establish a communication link with the platform. Once verification is complete, your new account will be activated, and you'll have access to a $2000 withdrawal limit, which will become available 24 hours after account setup.

Next, you must enter personal details such as your name, address, date of birth, and essential information about yourself. This process confirms that real people own the accounts on the platform. Once you have completed and submitted the personal information form, it will be checked within a few minutes, allowing you to start using your Basic account.

Upgrading beyond a Basic account is recommended to enhance your account features, which involves meeting additional criteria. Initially, you would need to provide official government documents, details, and a valid form of ID, followed by setting up two-factor authentication.  Once submitted, these documents undergo a verification process to confirm their legitimacy and accuracy. These security measures are in place to verify the identity of exchange users and prevent automated accounts from being created, ensuring the safety and security of all users.

Upon successful verification, the account is upgraded to Enhanced status. This allows users to make daily withdrawals of up to $200,000, granting them greater flexibility and autonomy. IndoEx also advises using OTP authentication for an additional layer of security. This entails using an Authenticator app to generate a one-time password every 30 seconds, adding an extra layer of protection to your account.

Unlike other platforms that typically necessitate KYC verification before transaction execution, the Basic account allows for functional trading. However, completing the KYC verification process is recommended to enhance account security and access a full range of trading services. Despite the registration process's initial complexity, all users are advised to complete it, given the inherently unpredictable nature of the cryptocurrency market.

IndoEx Platform Interface

The design of IndoEx's cryptocurrency trading platform is sophisticated yet user-friendly, making it a comfortable space for both experienced and novice users. While it may initially pose navigation difficulties for newcomers, the platform's intuitive interface ensures that trading can be highly rewarding once they grasp it. Users can access comprehensive information about the available tokens and their prices, enabling them to make informed trading decisions based on current market values.

IndoEx's online trading platform can be accessed through its website and is optimized for use on computers and mobile devices. Additionally, the company offers a top-rated mobile application compatible with iOS and Android operating systems, allowing users to trade seamlessly from anywhere. The app will enable users to use IndoEx's various features and tools, such as real-time market data, advanced charting options, and the ability to execute orders efficiently.

The app is designed to provide an intuitive and seamless user experience. Its simplified layout enables effortless navigation of its various tools and functions. Additionally, the app prioritizes user trust and security, employing rigorous safeguards to shield users' financial data and personal details from potential threats.

Furthermore, the exchange's website is available in eleven languages, making it accessible to users globally. The platform's intuitive design ensures that key features such as market analysis, wallet status, and balance updates are readily accessible and easy to navigate from the trader dashboard, resulting in a seamless and user-friendly experience.

Program for Referrals and Competitions

Through its Refer-A-Friend initiative, IndoEx incentivizes users to invite others to join the platform, offering attractive rewards for successful referrals. Users can reap generous benefits by sharing the benefits of IndoEx exchange with their network.

Upon reaching a milestone of ten successful referrals, users gain access to the contest zone and have the chance to win 10 ETH. Those referred must follow IndoEx's social media accounts to meet the contest criteria. Additionally, IndoEx offers regular trading competitions with rewards in various cryptocurrencies. 

Fees for Trading, Withdrawing, and Depositing

Facilitating trading on any cryptocurrency exchange requires the involvement of two key players: the buyer who initiates the transaction and the seller who fulfills it—the maker and the taker. The maker initiates an order through the exchange's order books, and the taker executes these orders. Each trade conducted on the cryptocurrency platform incurs a trading fee, typically calculated as a percentage of the transaction's value.

Unlike other platforms that differentiate between parties and charge varying fees, this exchange charges buyers and sellers a flat fee of 0.15%, significantly lower than the industry standard. This reduced rate demonstrates the platform's commitment to fostering a vibrant trading environment and promoting cryptocurrency transactions. By keeping fees low, the exchange empowers investors to trade frequently without being deterred by excessive costs, thereby facilitating a more dynamic and active market.

Like other trading platforms, the withdrawal fees are determined by the type of token being withdrawn. Withdrawals of well-established cryptocurrencies like Bitcoin incur higher costs than lesser-known alternative coins. Specifically, the platform charges a withdrawal fee of 0.0008 BTC per Bitcoin transaction, which aligns with the typical withdrawal fees across the cryptocurrency market. Many users strategically time their withdrawals to maximize their investments and minimize the impact of these fees.

One key factor contributing to its immense popularity is that it does not impose any deposit fees on crypto. This flexibility allows users to invest any amount they choose, at any time they prefer, without incurring additional costs. Moreover, unlike other platforms that only accept cryptocurrency deposits, this platform allows users to easily convert fiat currency into cryptocurrencies, making it accessible for new traders and those new to crypto trading. The exchange accepts more than ten payment methods, including wire transfers, credit cards, and debit cards.

IndoEx Security with an Ethos of Decentralization 

The IndoEx Exchange strongly emphasizes security, mirroring the concerns of other cryptocurrency exchanges. Given the digital nature of crypto trading, platforms in this industry face a heightened risk of hacking and theft, prompting the platform to take proactive measures to safeguard user assets. To mitigate these risks, 98% of invested funds are maintained offline in secure, undisclosed locations, known as cold storage. At the same time, the remainder in online or hot wallets, as necessary to serve liquidity needs, are also protected from public visibility.

In addition to protecting user funds with robust security measures, the exchange offers various tools to empower users to shield their accounts and digital assets from unauthorized access and cyber threats. A critical security feature is two-factor authentication, which protects user accounts and prevents unauthorized access and potential breaches.

IndoEx is characterized as a decentralized exchange, but its functionality relies on a combination of centralized infrastructure and third-party APIs. Notably, the platform emphasizes the importance of users maintaining control over their private keys, having full authority over their funds, and utilizing smart contracts with multi-signature security across all supernodes. This blend of centralized and decentralized elements positions IndoEx as a hybrid platform, combining the benefits of both exchange models to create a unique semi-decentralized system.

What are Users saying about IndoEx?

I conducted thorough research and examined websites that feature customer reviews, including BitcoinTalk Forum. Some raised concerns about difficulties accessing their deposited funds. One naive user mistakingly blamed IndoEx for the questionable actions of a particular token that led to its delisting by IndoEx, and some who criticized it found they could withdraw once they verified their account. On a positive note, numerous individuals commended IndoEx for its user-friendly interface, seamless trading process, and responsive customer service.

Acknowledging that all trading platforms receive complaints on online review websites is essential. Some of these may come from troublemakers or inexperienced individuals who have not taken the time to learn about the platform before using it. However, the exchange's continued operation for over five years and impressive trade volume ranking on CoinMarketCap speaks volumes about its credibility and success.

Closing Remarks on IndoEx

IndoEx stands out from typical cryptocurrency exchanges as it was created by seasoned digital asset traders specifically for experienced traders. Its reputation in the altcoin trading community has been built on its robust trading volumes, wide range of trading pairs, competitive transaction fees, secure storage options, quick transaction speeds, and fair commission rates.

IndoEx is considered a highly reputable cryptocurrency exchange with a sophisticated yet intuitive interface and many functionalities. Prioritizing users’ assets,  personal data, and privacy has established itself as a paragon of security and reliability within the industry. 

The platform offers a range of trading alternatives, including spot, margin, and futures contracts. Spot trading enables users to purchase and sell digital assets at the prevailing market rate. Margin trading allows users to leverage their positions and increase their profits. Meanwhile, futures trading enables users to make predictions of the value of digital assets, providing an opportunity for speculative trading.

IndoEx provides different options for placing orders, including limit orders, market orders, and stop-loss orders. With limit orders, users can specify the price at which they wish to trade an asset. Market orders enable users to trade an asset at its current market price. Stop-loss orders automatically allow users to exit a position once it reaches a predetermined price.

The platform offers a sophisticated charting system along with a range of technical indicators and drawing tools. This system empowers users to conduct in-depth market analysis and make data-driven trading choices. Although it may seem complex for newcomers, the intuitive design and comprehensive support features render it user-friendly for traders of any experience level. Additionally, IndoEx offers a referral program and frequent trading competitions, providing users with multiple avenues to accumulate rewards and expand and diversify their investment portfolios.

Markethive’s Official Launch Date Corresponds With Hivecoin Listing

Markethive has achieved a significant milestone by successfully listing its native token, Hivecoin, on IndoEx, a prominent cryptocurrency exchange renowned for its advanced trading features and esteemed user base comprising institutional and professional investors. With IndoEx as Markethive’s first crypto exchange, this marks the beginning of a promising journey for Hivecoin, a multi-functional utility token poised for long-term growth and exhibiting a prominent role within the Markethive ecosystem and beyond. 

Last week, CEO Thomas Prendergast announced the official launch date of Markethive's new interface will be on January 20th, 2025, expressing, “Our launch timing couldn’t get any better; it seems as if it is almost divine in nature.” This milestone also coincides with the highly anticipated listing of Hivecoin on the IndoEx exchange. You are invited to attend the meetings presented by Thomas, which are held in the Markethive conference room on Sundays at 8 a.m. MST as we prepare for our official launch on January 20, 2025.

*All screenshots in this article are courtesy of the IndoEx exchange website. 

 

Editor and Chief Markethive: Deb Williams. (Australia) I thrive on progress and champion freedom of speech.  I embrace "Change" with a passion, and my purpose in life is to enlighten people to accept and move forward with enthusiasm. Find me at my Markethive Profile Page | My Twitter Account | and my LinkedIn Profile.

 

 

 

 

The Markethive Customer Acquisition System Integration Moves Forward Spearheaded By Blugenics Master Distributor

The Markethive Customer Acquisition System Integration Moves Forward Spearheaded By Blugenics Master Distributor.

As the appointed Master Distributor for Blugenics, Chris Corey brings a wealth of experience and a clear vision for the future of Markethive. He recognizes the power of the social market broadcasting platform and its unparalleled ability to drive customer acquisition through innovative marketing solutions. Chris is not just a figurehead but a seasoned professional leading the integration process. His leadership assures aspiring entrepreneurs that they can leverage the platform's capabilities to amplify their business growth and reach new heights.

This article highlights our interview with Chris, in which we discussed Blugenics and why he feels Markethive is the perfect fit to integrate a customer acquisition system. Chris's confidence in Markethive's unique and proven marketing practices and strategies, such as its comprehensive suite of tools and focus on customer engagement, is evident, reassuring us of this integration's success.   

Chris Corey is a long-standing member and user of Markethive. Over the years, he has leveraged the platform's diverse range of products and services, which have served him well in building and promoting his business. Throughout his journey, he has remained on the lookout for a solution that embodies Markethive's customer-focused ethos, with a customer-centric product that he could showcase the power of Markethive.

The Introduction To Gaditiana Original

Entrepreneur Jeff Becker approached Chris Corey to look at a Marine Phytoplankton health product and consider becoming a distributor for a newly launched network marketing firm commissioned by David Hunter, founder and president of Blugenics, who investigated and brought to light a distinct strain of marine phytoplankton, Nannochloropsis Gaditana Lubian; a holistic subspecies identified by Professor Carlos Lubian off the coast of Spain. David Hunter subsequently named it Gaditiana Original, as explained in this article.

Chris Corey said, “When I first looked into this health product, I took a genuine interest and was highly impressed with it. From a nutrient standpoint, it's just a pure source of nutrients, and that’s what really caught my attention, along with the fact that this product initially became available in chemists for ten years.”  

In just six months since joining Bugenics, Chris has rapidly expanded his network, establishing one of the company's largest and most successful organizations within the company. His expertise in developing internet marketing tools for his team caught the attention of company leaders, who approached him to take on a master distributor role. Chris has now been tasked with spearheading a customer acquisition system utilizing Markethive, a platform that aligns with his long-term objectives and is a key area of focus for him moving forward. 

Chris revealed that he and Thomas Prendergast, the founder and CEO of Markethive, have been discussing finding a customer-centric product for years and that “This is one of the most customer-centric products I’ve ever seen.”  

Tom Prendergast has agreed and given the go-ahead to develop a cutting-edge customer acquisition system leveraging Markethive's advanced marketing technology. Chris expresses enthusiasm about expanding the company's distributor base, foreseeing significant progress and a prime opportunity for Markethive to showcase its complete capabilities, saying, “I am excited to see the distributor base with the company grow, which will move us forward and an enormous opportunity for Markethive to display its full functionality.”

Customer acquisition is a top priority among the many innovative systems in Markethive’s marketing resources. This cutting-edge marketing powerhouse comprises a comprehensive suite of tools encompassing many efficient customer and distributor acquisition methods, including capture pages, email marketing, autoresponders, social media broadcasting, press release platforms, viral blogging systems, supergroup storefronts with cooperative marketing systems, Promo Code incentives and many more innovative solutions. 

As Chris is now the master distributor of Blugenics, he is at the helm of this collaboration and tasked with steering the entire ship. He says, “We are aggressively moving toward creating the customer acquisition system platform through Markethive and will be using the full power of Markethive’s marketing capabilities to run digital campaigns.”   

Master Distributors Chris Corey and Anthony Martin and their creative team are actively involved in building the group blogs, autoresponders, and capture pages for everyone to use,  which will all be coded to the individual supergroup members. Leveraging the power of these tools works harmoniously to maximize their effectiveness, resulting in a powerful synergy. Teams can unlock a multiplier effect that boosts their overall performance, creating a snowball effect that accelerates success as the distributor network expands.

Chris elaborated, “It has been Tom’s and my goal for many years now to find the right company and the right product to do this with, and Gaditiana Original, which is a pure strain of marine phytoplankton, is that product.”

According to Chris, the demand for nutritional supplements is growing. This trend is primarily driven by the fact that many contemporary diets lack essential nutrients, often due to the poor quality of soil and overreliance on fertilizers used in modern farming practices. However, the introduction of Gaditana Original phytoplankton has been a game-changer, yielding remarkable benefits that have transformed the lives of those who use it and ushered in a new wave of vitality and overall well-being.

Gaditana Original phytoplankton is a specific Atlantic Ocean Marine Phytoplankton and a nutritional powerhouse, rich in diverse essential nutrients, including omega fatty acids, vitamins A, C, D, and K, beta carotene, antioxidants, calcium, magnesium, selenium, iron, protein, and dietary fiber that supports healthy digestion. This microalgae contains all the necessary nutrients required to create and maintain cells, making it an optimal food source for those looking to boost their overall health and well-being.

It’s worth noting that David Hunter, a key figure in the discovery of Gaditana Original phytoplankton, has played an instrumental role in ensuring that the product meets the highest standards of quality and effectiveness. Additionally, he is taking a proactive stance in preserving the health of our planet by ensuring that the company’s operations do not harm the environment or deplete the phytoplankton ecosystem. 

By implementing these measures, the company is establishing itself as a model for other businesses to emulate and promote a more sustainable future for both people and the planet. This dedication to sustainability strikes a chord with environmentally aware consumers, establishing Gaditiana as a reputable brand they can rely on.

For four years, Chris has been a valued Entrepreneur One subscriber and ILP holder with Markethive, and he recognizes and firmly believes in the power of Markethive. Given that Gaditana is a customer-focused product, he expresses his confidence in having Markethive drive the customer acquisition program, stating, “It’s a product I would feel proud of having Markethive get behind the customer acquisition program.”  

Each Tuesday at 8 pm EST, Blugenics Master Distributors Chris Corey and Anthony Martin host a weekly call that provides an in-depth look at Blugenics and its business model. Additionally, on Thursday evenings, the dynamic duo leads a comprehensive training session exploring innovative marketing and sales strategies, including artificial intelligence, meeting management, and social media optimization. These informative webinars cover topics relevant to any business, not just Blugenics. To learn more and join this holistic opportunity, visit Blugenics.com/about.

Event Details:
Tuesdays:  Blugenics Business Overview Call and evaluation of Blugenics.
Thursdays: Training Webinar. Discover advanced tools and resources to simplify business growth and elevate impact.
Time: 8:00 PM EST
Location: Join us via Zoom at www.gaditanateam.com

Join Chris Corey and Anthony Martin, Blugenics Master Distributors, as they cover:

  • The science and benefits of our breakthrough Gaditana phytoplankton and other wellness products.
  • Learn how the Blugenics business model and compensation plan are designed to boost your success and connect you with real customers.
  • Advanced tools and resources to simplify your business growth and elevate your impact.

Click here to join the Zoom.

Meeting ID: 247 453 2562
Dial by your location
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+1 312 626 6799 US (Chicago)
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Meeting ID: 247 453 2562
Find your local number: https://us06web.zoom.us/u/kc5R962aAT

*This is a sponsored article produced by Markethive in collaboration with its associates. It features in-depth and engaging content crafted under the guidance of industry professionals and specialists. Through sponsored articles, emerging businesses can leverage Markethive's media platform to highlight their offerings and share their expertise with a broader audience.

Also published as a Press Release 

Editor and Chief Markethive: Deb Williams. (Australia) I thrive on progress and champion freedom of speech.  I embrace "Change" with a passion, and my purpose in life is to enlighten people to accept and move forward with enthusiasm. Find me at my Markethive Profile Page | My Twitter Account | and my LinkedIn Profile.

 

 

 

 

Markethive announces official launch

Markethive announces official launch January 20, 2025
 


Our launch timing couldn’t get any better; it seems as if it is almost divine in nature.

Some of the biggest names of our generation—the people who shaped music, film, and culture—are now aligning themselves with something new and unexpected.

Crypto.
 
That’s right. Legends like Tom Brady, William Shatner, Gene Simmons, and even icons like Paul McCartney and Mick Jagger are all stepping into the world of blockchain, Bitcoin, and digital assets. And while their names alone might grab headlines, what’s happening underneath the surface is even more exciting.
 
Why Are They Getting Involved?
 
These aren’t people who jump on bandwagons. They’re trailblazers. The ones who saw potential in uncharted territory and ran with it, shaping entire industries along the way. And now, they’re recognizing that crypto isn’t just a trend—it’s a revolution.
 

  • Tom Brady isn’t just a football legend. He’s also launched crypto-related projects like Autograph, an NFT platform.

  • William Shatner, the Star Trek icon, explored blockchain as a way to connect with fans, releasing his own digital collectibles.

  • Gene Simmons from KISS has proudly called himself a Bitcoin believer and Ethereum advocate.

  • Paul McCartney has embraced blockchain and crypto technology as a way to protect music rights, helping artists get paid fairly and keep more control over their work… something he’s passionate about after so many decades in the industry
     
  • Even Cher and Neil Young have dipped into NFTs and blockchain to create more control and connection with their fans!

 
What Does This Mean for Markethive?
 
It’s simple. If the icons of our generation—the innovators, the rebels, the ones who set trends instead of following them—are seeing the power of crypto, it’s time to pay attention.
 
Markethive is entering the picture as a major crypto launch at the peak of this next generation of awareness. At the same time the new US Presidential administration is being sworn in. An administration that embraces the entire crypto industry

Trump Policies will send Crypto to the Moon

They’re not looking for a quick win (most of them anyway). They’re seeing the big picture:

Financial freedom.
Creative control.
A future where the middleman doesn’t get the biggest slice anymore.
If they can adapt and thrive in this space, so can you.

All of these trends:

  1. Freedom of Speech
  2. Financial independence
  3. Self-employment (Entrepreneurialism)
  4. Automated Marketing
  5. New open societal social networks
  6. Customer Acquisition
  7. Inbound Marketing Platforms

Point to Markethive and our incentivized subscriptions and services (A real ecosystem unlike any other)

Join the Revolution
Log into Markethive to see the changes
or…
Join Markethive to receive your airdrop of coins
Attend our meetings as we move forward to our official launch on January 20, 2025

Thomas Prendergast
CEO
Markethive

The Top Five Cryptocurrency Exchanges by Trading Volume And Its Significance

The Top Five Cryptocurrency Exchanges by Trading Volume And Its Significance

The world's financial landscape is undergoing a profound transformation driven by innovative approaches to economic exchange. This shift is influenced by technological progress worldwide and impacts various aspects of society. The traditional boundaries of finance have been erased, as transactions are no longer limited by physical presence or geographical constraints. The nature of commerce has also undergone a significant shift, with the rise of digital assets and the increasing popularity of buying and selling liquid assets that exist solely in the digital realm.

Cryptocurrency is a popular digital asset that is increasingly used for transactions and debt settlement on a global scale. Given the rapid advancements in the crypto industry and the growing government interest, cryptocurrency is anticipated to replace traditional fiat currencies eventually. In addition to serving as a form of payment, crypto tokens can also be exchanged with one another.

The emergence of cryptocurrency trading has given rise to a specialized market that operates through online exchanges. These exchanges facilitate the buying and selling to engage in transactions within the cryptocurrency space. Without these platforms, it would be highly challenging for individuals to participate in the market, highlighting their crucial role in modern finance.

These exchanges, which play a vital role in the cryptocurrency market, can be centralized, decentralized, regulated, or deregulated. A key metric for evaluating their importance is the total trading volume of transactions executed on these platforms over a specific timeframe. Essentially, trading volume gauges the level of market activity, revealing the number of participants engaged in buying and selling and their willingness to take risks on price fluctuations. 

This article highlights the top five cryptocurrency exchanges by trading volume, based on data from CoinMarketCap at the time of publication, noting that the rankings are subject to change due to the dynamic nature of the chart.


Screenshot: CoinMarketCap

What is the purpose of CoinMarketCap?

CoinMarketCap, established in 2013 by Brandon Chez in New York City, is a prominent platform that offers detailed information on various cryptocurrencies and trading platforms. It has gained recognition as a trusted source for data on cryptocurrency market values, prices, and other pertinent details.

CoinMarketCap evaluates exchanges using criteria such as website traffic, trading liquidity, trading volumes, confidence in the legitimacy of reported trading volumes, and various qualitative considerations such as operational history, industry reputation, transparency through audits and licensing, and user satisfaction. Exchanges that achieve high rankings typically demonstrate these desirable characteristics, exhibit strong performance across metrics like liquidity, volume, and web traffic, and earn high confidence ratings.

Exchange Score
Based on the abovementioned factors, ratings are assigned to exchanges ranging from 0.0 to 10.0, with assigned importance levels. These scores are then utilized to position the exchanges in a ranking order. Moreover, CoinMarketCap imposes penalties on exchanges and trading pairs showing suspicious trading volumes, as determined by their data analysis approach. This ultimately affects the exchange's final score. The scoring mechanism aims to thoroughly and impartially assess each exchange's performance and trustworthiness.

Web Traffic Factor 
The Web Traffic Factor is a metric used to evaluate exchanges' online presence. It assigns a numerical value to each one based on its website traffic. This score ranges from 0 to 1,000, with the exchange with the highest traffic constantly receiving a maximum of 1,000 points. All other exchanges are then ranked relative to this top performer, with higher scores indicating a high user count and greater online activity.

Liquidity Score
Exchanges' Liquidity Scores are determined by averaging the top 25 trading pairs, excluding stablecoin/stablecoin pairs. Liquidity in cryptocurrency trading pertains to how easily an asset can be traded without significantly impacting its price. By focusing on the average of the top 25 trading pairs, CoinMarketCap ensures fairness and avoids favoring exchanges with numerous pairs. Emphasizing exchanges with strong liquidity in key trading pairs is crucial for meeting users' requirements.

Qualitative Factors
In addition to quantitative metrics, the exchange score is influenced by various qualitative considerations, including the platform's history, standing in the community, transparency through public, regulatory compliance, and overall user satisfaction.

What Are The Top Five Cryptocurrency Exchanges?

1. Zedcex

Zedcex is a centralized cryptocurrency exchange (CEX) that offers a professional platform featuring an ultra-fast matching engine, quality customer service, and multilingual community support for crypto traders at all levels. Established in March 2023, Zedcex serves over 100,000 users and institutions, offering access to over 100 assets and contracts across Spot and crypto derivatives.

It offers products such as Spot, Derivatives (USDT perpetual, USDC perps, inverse perps, futures, USDC options, leveraged tokens), NFT marketplace, Zedcex Earn, Buy Crypto, and Options. Zedcex has over 100 crypto tokens listed and over 300 spot trading pairs, including major coins like BTC, ETH, BIT, SOL, APE, DYDX, LTC, DOGE, AVAX, MATIC, DOT and more.

Zedcex was registered in the British Virgin Islands as Zedcex Exchange Limited and is headquartered in the UK. The global platform is available to customers worldwide, except for countries with service restrictions, such as the U.S., Singapore, Cuba, Crimea, Sevastopol, Iran, Syria, North Korea, Sudan, and Mainland China.

2. Binance

Binance is generally recognized as the world’s largest crypto exchange (CEX) by trading volume, with over 200 million registered users in more than 180 countries. Since its inception in 2017, the platform has solidified its position as a reputable player in the cryptocurrency market. It offers users a secure environment to purchase, sell, and manage their cryptocurrencies, with access to over 500 listed assets and thousands of trading pairs.

The Binance ecosystem has expanded to include a diverse range of platforms comprising Binance Exchange, Labs, Launchpad, Info, Academy, Research, Trust Wallet, Charity, NFT, and additional features. Binance has integrated cutting-edge security protocols and rigorous data protection policies across its ecosystem to safeguard user interests while prioritizing adherence to regulatory requirements to uphold its commitment to user trust and responsibility.

According to Binance's Terms of Use, specific regions, including the United States, Singapore, and the Canadian province of Ontario, are subject to access restrictions. Additionally, some countries have limited functionality or restricted access to certain features due to regulatory constraints, such as China, Malaysia, Japan, the United Kingdom, and Thailand. Furthermore, residents of Germany, Italy, and the Netherlands cannot use Binance's futures and derivatives products. Notably, a separate, dedicated platform called Binance.US was introduced in September 2019 to cater to US clients.

3. FutureX Pro

FutureX Pro officially launched into the crypto exchange arena in March 2024, emphasizing user privacy and security. This centralized crypto exchange culminated from a well-established company called Futurex LP, commonly referred to as Futurex. Futurex is a privately held Texas-based information technology company specializing in cryptography, founded in 1981. Futurex provides data encryption solutions for financial institutions, retailers, and terminal manufacturers. 

FutureX Pro is dedicated to delivering a streamlined and efficient digital asset trading experience for its users. The platform boasts a comprehensive suite of tools, including futures, peer-to-peer, spot, and copy trading. FutureX remains steadfast in its commitment to revolutionizing blockchain technology and catalyzing financial transformation. It aims to become a prominent player in the global crypto exchange landscape, focusing on innovation, security, and user privacy.

Moreover, FutureX Pro offers strong cybersecurity features such as multi-factor authentication, encryption, routine security checks, and protection against DDoS attacks. The FutureX Pro exchange places a high emphasis on safeguarding crypto assets through the use of cold storage techniques. Additionally, the platform adheres to regulatory requirements to ensure a secure and compliant trading setting. FutureX Pro does not explicitly mention its supported cryptocurrencies and trading pairs.

4. Bybit

Bybit is a centralized cryptocurrency derivatives exchange established in March 2018 and registered in the British Virgin Islands. It’s headquartered in Dubai, having moved from Singapore in 2022, and operates under Bybit Fintech Limited. With a mission to revolutionize the financial system, Bybit has expanded its trading services and introduced cutting-edge security features and innovative tools for new and experienced traders.

The platform offers 24/7 customer service and multilingual community support, serving over 40 million users and institutions. It provides access to various assets and contracts across Spot and crypto derivatives like Futures and Options, launchpad projects, earn products, an NFT Marketplace, and more. Bybit has over 100 crypto tokens listed and over 300 spot trading pairs, including major coins like BTC, ETH, BIT, SOL, APE, DYDX, LTC, DOGE, AVAX, MATIC, DOT, and more. 

Bybit prioritizes security by dividing its system into two types of wallets: cold storage, which holds most of its assets offline, and hot wallets, which are used for active trading. This setup minimizes the risk of large-scale cyber attacks. While Bybit is a global platform, it is not accessible to users in certain countries due to regulatory restrictions, including the US, UK, mainland China, Hong Kong, Singapore, Canada, North Korea, Cuba, Iran, Uzbekistan, and specific regions of Ukraine and Syria under Russian control.

5. IndoEx

IndoEx is characterized as a decentralized exchange (DEX), yet it also depends on centralized infrastructure and services provided by third parties. The platform highlights the significance of users retaining private keys, having 100% fund management rights, and securing assets through smart contracts with multi-signature protection in all supernodes. This indicates a level of decentralization, categorizing IndoEx as a hybrid or semi-decentralized platform that integrates features from both centralized and decentralized exchanges.

Launched in January 2019, the IndoEx trading platform operates from dual headquarters in Estonia and the United Kingdom. It provides round-the-clock customer support through multiple channels, including phone, email, and online assistance. The platform supports trading in EUR/USD fiat currency pairs and strives to be the most secure and fastest digital asset exchange, catering to the needs of seasoned traders, industry professionals, and institutional investors and serves as a learning environment for crypto novices, offering a high-end trading experience that helps them develop their skills and expertise.

IndoEx offers a wide range of popular cryptocurrencies, such as BTC, ETH, and XRP, as well as prominent altcoins like DASH, LINK, and LTC. In addition, it supports lesser-known coins and tokens like NEO, Cardano, and EOS, totaling 180 cryptocurrencies and almost 300 crypto pairs. The platform operates in 150 countries and includes features like an ICO launch pad, trading competitions, and a secure cold storage wallet. Furthermore, it has implemented robust security measures, including third-party and co-insurer policies, to protect users' assets from potential hacks, thefts, and security breaches.

The Significance of Trading Volume in Crypto Exchanges

Trading volume is a key performance indicator in cryptocurrency exchanges that reflects the market's overall vitality, the ease of buying and selling assets, and investor sentiment. A high level of trading activity fosters a liquid market, enabling market participants to execute trades at favorable prices with minimal slippage. This is for investors requiring swift and seamless entry and exit points for cryptocurrency transactions.

Higher trading volumes are crucial in determining market trends and changes in direction. In cryptocurrency exchanges, trading volume plays a vital role in generating income. Transaction fees, often calculated as a percentage of the overall trading value, serve as a critical revenue stream for exchanges. More significant trading volumes result in more fees and increased profitability.

The level of trading activity in a cryptocurrency market gauges investor enthusiasm and trust. When many people actively buy and sell a particular crypto, it suggests a high level of interest and a strong market presence. In contrast, low activity may signal a lack of traction or a struggling asset. Trading volume helps determine the fair market price of a cryptocurrency. With more buyers and sellers participating, the exchange price tends towards equilibrium, reflecting the collective sentiment of the market.

 

 

Editor and Chief Markethive: Deb Williams. (Australia) I thrive on progress and champion freedom of speech.  I embrace "Change" with a passion, and my purpose in life is to enlighten people to accept and move forward with enthusiasm. Find me at my Markethive Profile Page | My Twitter Account | and my LinkedIn Profile.

 

 

 

 

Breaking Free from Constraints: How Markethive Empowers You to Overcome Censorship Government Restrictions and Outdated Marketing Practices

Breaking Free from Constraints: How Markethive Empowers You to Overcome Censorship, Government Restrictions, and Outdated Marketing Practices

We live in a world where every step you take toward your dreams feels obstructed by invisible barriers as if the odds are intentionally stacked against you. This isn't just your imagination; it is a reality, and these obstacles are built into society’s very structure, protecting corporate giants and keeping aspiring entrepreneurs like you from gaining ground. Every hour, every dollar, every ounce of effort you pour into building something meaningful seems met with another wall carefully designed to hold you back.

Government policies seem to pile on, favoring established players in their grasp while leaving smaller businesses to navigate a confusing labyrinth of taxes and regulations. Even social media, once a beacon of free expression and open connection, now censors and suppresses voices that challenge the norm and agendas that do not conform to their puppet masters' desires. And when you turn to marketing, the cost of visibility on major platforms puts real success out of reach for those without deep pockets.

But what if there were a place built just for entrepreneurs like you? A platform where censorship doesn’t exist, where your voice isn’t filtered through algorithms, and where you can freely connect, grow, and monetize your ideas. Thanks be to God, this place exists, and it’s called Markethive.

Markethive is a powerful and Godly movement built on the principles of decentralization, transparency, freedom, and empowerment of people worldwide. Markethive is a revolutionary hybrid ecosystem that blends social networking, inbound marketing, and blockchain technology. It’s designed to empower entrepreneurs with tools and resources you can’t find anywhere else, giving you the autonomy to thrive outside the limits of traditional systems. Here’s how Markethive sets you free from societal barriers and provides solutions that the world desperately needs.

The Shackles of Government Regulations on Entrepreneurs

Across the globe, as an entrepreneur, you’re seeing the effects of regulations that seem to favor established giants, leaving smaller, independent businesses like yours caught in a web of limitations. Governments frequently impose taxes, operational restrictions, and licensing requirements that pull you away from focusing on your core mission. In many cases, the obstacles are so numerous that they create a hostile environment for small businesses, forcing many to downsize, shift their goals, or close down altogether.

Consider the examples from the European Union's Digital Services Act (DSA) and Digital Markets Act (DMA). On the surface, these policies were crafted to protect consumers and foster competition in the digital economy. However, they come with complex compliance requirements that are particularly challenging for small and medium-sized enterprises to navigate. From ensuring data privacy to managing content moderation, these laws demand significant resources and expertise, making it incredibly difficult for smaller entities to keep up with multinational corporations with entire teams dedicated to compliance.

Or take the United States, where the gig economy, which was supposed to be a space for freelancers and small business owners to flourish, has been hit by regulatory challenges, especially with California’s AB5 law. Initially designed to protect workers, AB5 has ironically restricted opportunities for freelancers across sectors by reclassifying them as employees and placing intense limitations on how they can work. Though beneficial in intent, this legislation creates additional costs and reduces flexibility, disproportionately impacting independent contractors trying to make a living on their own terms.

For independent entrepreneurs like you, these types of policies serve as constant reminders that you’re navigating a world designed for major players, not for those who want to disrupt the status quo. While the protections often benefit consumers, they also reinforce the position of large corporations that can absorb the costs, leaving small businesses at a disadvantage. When competing against industry titans with deep pockets and an army of lawyers, it can feel like every attempt to innovate is met with a new layer of red tape.

On top of that, the control exerted by social media platforms has further complicated the landscape. These platforms, once champions of free expression and accessibility, now operate through algorithms that dictate who sees your content. It’s no secret that platforms like Facebook and Instagram pivoted heavily towards paid advertising, reducing organic reach to the point where it’s virtually nonexistent. In fact, studies show that Facebook's organic reach for business pages can be as low as 5% of a page’s followers. If you’re not willing to invest heavily in advertising, your content is likely buried, making it difficult for your voice to reach even those who have chosen to follow your brand.

Breaking Through Social Media Censorship

Think back to when social media felt like an open playing field. Platforms like Facebook, and Twitter promised an unprecedented space for free expression, where everyone could connect, share, and discover ideas without barriers. Today, that vision has faded. Consider the countless times posts have been flagged, removed, or labeled, leaving you in the dark about why. Perhaps you’ve experienced it firsthand: one day, a post is performing well, reaching your target audience, and then the next day, it’s mysteriously throttled, or worse, disappears altogether. 

Take Facebook’s 2021 removal of more than 20 million posts discussing sensitive global topics or YouTube’s sweeping demonetization practices, affecting creators across the spectrum. The goal of these measures may be to uphold community standards, but often, they end up silencing entrepreneurs, small businesses, and advocates who simply want to engage with their followers. Whether it’s promoting a product, sharing insights, or educating others, you’re constantly fighting against an algorithm designed to prioritize profit over genuine connection.

Imagine you’re an entrepreneur who built a community around wellness or alternative health on Instagram. You invest time, money, and effort into growing your platform, and just as you’re gaining momentum, Instagram’s ever-evolving guidelines take aim at your content, marking your posts as “sensitive” or “misleading.” Suddenly, your reach dwindles, your followers miss your updates, and your engagement plummets, not because of what you’re offering but because an algorithm deemed your message “inappropriate.”

In the face of this censorship, Markethive is reimagining the digital ecosystem. We are not just giving lip service to free expression but embedding it into our structure. There’s no centralized authority to dictate what’s allowed or filter your content based on opaque guidelines. Every message you share reaches your audience directly, and every connection you make is preserved without interference. Your data isn’t sold, analyzed, or used to determine what you can and can’t say.

Imagine logging into a platform where you can post your ideas, promote your products, and engage your community without fearing a sudden content removal or reach restriction. You share a new product update, and instead of hoping it bypasses the algorithm, you know it’s getting to those who want to see it. On Markethive, your voice isn’t just allowed; it’s amplified.

Consider an industry where independence is a lifeline, like alternative media. Traditional social media platforms are notorious for suspending accounts that don’t align with their “community guideline,” which can be vague and ever-changing. Earlier this year, Instagram faced backlash for suspending or shadow-banning accounts discussing sensitive political topics. For independent media professionals, such restrictions are not only frustrating, they’re a threat to their livelihood. Markethive, however, offers a platform where censorship doesn’t exist and where every user, regardless of background or industry, enjoys the freedom to communicate openly. 

Being a member of Markethive means stepping into a space where your ideas can flourish unfiltered, reaching people as intended. It’s more than a network; it’s a return to authentic social engagement, where you control your narrative, data, and connections. In a time when social media giants profit from controlling your reach, Markethive hands that power back to you.

Traditional and Digital Marketing Failings

In traditional marketing, you might run an ad in a magazine, on a billboard, or TV, spending thousands to reach an audience you can only hope is interested. The cost is steep, and the returns?; often hard to measure. Take newspapers, for example; at their peak, they offered valuable ad space, but as readership dwindles, your ad dollars might as well be going up in smoke. Even digital ads come at a high price. Google Ads, for instance, can charge $1 to $2 per click in competitive markets, while LinkedIn ads might set you back as much as $2 to $5 per click. Suddenly, you’re spending more just to compete for a slice of your audience’s attention.

Think about the last time you invested in a marketing campaign. Maybe you shelled out thousands on digital ads, only to watch the costs rise while engagement stayed flat. Facebook, for instance, has become infamous for pay-to-play dynamics, where only a fraction of your audience sees your posts unless you pay to boost them. And Google Ads? The costs per click have risen so high that small businesses are squeezed out by corporate giants. In fact, a publication by Nielsen shows that digital ad costs are approaching two-thirds of spending, yet for many, the return on investment keeps shrinking.

Markethive offers a different path that doesn’t force you into a bidding war just to reach your audience. This decentralized platform combines inbound marketing with social networking, enabling you to attract, engage, and convert your audience organically. You’re not paying for clicks; instead, you’re using tools like community blogging, video content, and targeted networking to grow your presence naturally. Imagine building real connections and seeing actual results without paying exorbitant fees. That’s the future Markethive is shaping.

The Power of Blockchain and Hivecoin

Consider how traditional platforms reward you: you spend time posting, engaging, and building connections, but in the end, it’s the platform, not you, that owns the value. For example, platforms like Facebook, X, and Instagram generate billions in ad revenue from your content and data without giving anything back. Markethive flips this model on its head by giving you a direct stake in its ecosystem.

Through blockchain integration and Hivecoin, every contribution you make, whether a blog post, a comment, or sharing insights, earns you real, tangible value. Hivecoin isn’t a loyalty token; it’s a genuine utility cryptocurrency that can be traded on crypto exchanges. Finally, Hivecoin has been listed on the INDOEX exchange and will be made public when the time is right. When the token reaches a stabilized market value, all Markethive services will be paid for with Hivecoin.

Blockchain technology is the foundation of this system, creating a secure and transparent environment. Unlike on typical social networks, where your personal data is often commodified, on Markethive, blockchain ensures your assets and data remain yours. Consider how Web3 platforms like Brave and its Basic Attention Token (BAT) have redefined advertising, giving users control and rewarding their attention. Markethive takes this further, offering you Hivecoin as a reward for engagement and enabling you to use it within a fully decentralized, censorship-resistant network.

In Markethive, you're not just another user but a partner in the fight for freedom. Our model gives you financial opportunities in a space free from traditional social media's ad-driven and data-mining pressures.

A Supportive Community of Entrepreneurs

Starting and growing a business can feel isolating, especially when the landscape is filled with obstacles at every turn. Yet with Markethive, you’ve stepped into a community built to lift you, not tear you down. We are a family where other entrepreneurs aren’t just peers; they’re allies who are just as driven and determined as you are, ready to share insights and resources and even cheer you on.

Consider the success stories of smaller creators who found themselves buried under algorithm changes on traditional social media platforms, where visibility is often reserved for those who pay top dollar. You’ve probably heard of cases like Lush Cosmetics, which famously left Facebook and Instagram in 2021 due to constant algorithmic suppression that prioritized ad spend over organic reach. In Markethive’s ecosystem, by contrast, you have an equal playing field where costly algorithms don’t throttle your voice.

Or look at small businesses struggling under restrictive government policies, such as EU data protection laws that have imposed high compliance costs. Many small startups don’t have the resources to navigate these regulations, primarily benefiting larger corporations. At Markethive, you’re part of a decentralized network that sidesteps such limitations, allowing you to focus on growing your business rather than getting tangled in red tape.

The Future of Entrepreneurial Freedom

In a world where freedom of speech, innovation, and entrepreneurship are under increasing threat, Markethive stands as a bastion of hope for independent entrepreneurs. Picture this: You post a harmless update about your business on social media, but because an algorithm deems it “low engagement,” it’s buried in timelines. Or you’re running ads, yet your visibility is throttled unless you pay exorbitant fees, a reality that small businesses worldwide face daily on platforms like Facebook and Instagram. Consider CBD companies or natural health brands that struggle to advertise due to restrictive ad policies, even when their products are entirely legal. Traditional marketing systems, built to favor big corporations, simply aren’t designed for you.

In Markethive, you’re not just gaining access to another network but part of a revolution in digital freedom and entrepreneurial empowerment. Here, you can connect, market, and grow without battling restrictions or arbitrary censorship. We are a decentralized ecosystem where your content reaches those who genuinely care, and your data remains private. This approach stands in stark contrast to traditional networks. And Markethive isn’t all talk; our blockchain-powered infrastructure and commitment to privacy and decentralization mean your contributions are safeguarded in a secure and transparent system.

So, spread the word and help others break free from traditional limitations and join a movement that champions entrepreneurial freedom; Markethive is here. It’s more than a platform; it’s a movement committed to reshaping the future of entrepreneurship by giving you the tools to control your own narrative and succeed on your own terms.

 

About: Prince Ibenne. (Nigeria) Prince is passionate about helping people understand the crypto-verse through his easily digestible articles. He is an enthusiastic supporter of blockchain technology and cryptocurrency. Find me at my Markethive Profile Page | My Twitter Account | and my LinkedIn Profile.

 

 

 

 

Prominent Crypto Exchange Has Offered To List HIVECOIN An Important Message From Thomas To All Members

Prominent Crypto Exchange Has Offered To List HIVECOIN! An Important Message From Thomas To All Members

Markethive’s objectives are building momentum and rapidly being realized as the five milestones are rolled out for its debut on the world stage. We are on the home stretch with the significant development of a prominent Cryptocurrency exchange approaching Markethive regarding Hivecoin’s (HVC) listing on its platform. 

This is a significant achievement and a testament to our collective efforts as valued Markethive members. Our instrumental role in promoting Hivecoin, generating the initial transactional activity, and spreading the word has not gone unnoticed. We are often rewarded with HVC from Tom for our active participation, a clear recognition of our collective success. 

As Entrepreneur One associates (E1s), we contribute to Markethive’s development because we see the Divine vision and know how imperative it is to get this show on the road for all humanity. As an investment, Markethive is very close to handsomely rewarding all E1s via ILP dividends. 


Source: IndoEx

The major hurdle of getting listed on an exchange has been lifted. A crypto exchange has recognized Markethive and deemed it vital enough to offer the listing of our coin, HVC, on its trading platform. 

IndoEx is among the top 100 exchanges and in the top 10 in terms of trading volume on Coinmarketcap, indicating its prominence. It has 60,308 BTC in a 24-hour volume, 219 market pairs, and is supported in 150 countries, including the USA, Canada, Mexico, Brazil, Argentina, Australia, Asia, and Europe.

They approached the CEO of Markethive, Thomas Prendergast, offering a genuine listing and waiving most of their fee. All we need is $5000, which is nominal and includes a substantial promotional broadcast to their vast community to bring awareness of what Markethive is all about. This listing will increase the visibility and credibility of Hivecoin and Markethive as a crypto ecosystem, opening up new trading opportunities, traction, and increased value. 

IndoEx’s package to Markethive includes: 

  • One Market pair HIVECOIN <> USDT
  • Market-Making service for 12 months
  • 24/7 support
  • Two zero-fee accounts for 12 months
  • Promotions
  • Trade Competition
  • Social media announcements & newsletters


Source: Coinmarketcap

The offer from IndoEx was a blessed surprise and the most critical aspect of transforming Markethive into a full-blown ecosystem. It is also something that all members, free and upgraded, have been waiting for or should be. However, as Markethive is a grassroots project, venture capitalists do not support us; the money for development comes from the E1 associates through their subscriptions, which is working capital.
 
To make this Hivecoin listing a reality, we need members to contribute to the $5000 required. Your one-off donation, no matter the amount, will help cover the listing costs and the significant promotional broadcast on IndoEx, which is vital to Hivecoin's success and, of course, your success, notably your economic sovereignty. 

Listen to Tom’s heartfelt message as he discusses this colossal milestone that arrived on Markethive’s doorstep. He also talks about the five other milestones that have been delivered or are very close to being launched. 

What Will You Get For Helping Us?

Founder and CEO Thomas Prendergast is pledging some very lucrative incentives for your contributions: 

► 1 x $5000 loan in return, you will get 10 ILPs and 1000 Markethive Credits
    0r
► 5 x $1000 loans and each one will get you 1.5 ILPs and 100 Markethive Credits
    And / Or
► 10 x $500 loans and each one will get you .5 ILPs and 10 Markethive Credits
    And / Or
► 50 x $100 loans, and each one will get you .1 ILP and 1 Markethive Credit

A huge foundational cornerstone to everything Markethive encompasses is getting Hivecoin listed on the exchanges so it establishes a value. The demand for HVC will be significant because it is the preferred function of transactions within Markethive. Using HVC for transactions will attract a discount. 

For example, buying a press release with Hivecoin will be less expensive than using a credit card. We can also accept Hivecoin in the Markethive vault for all purchases. This article outlines a projection of HVC and why it has the potential to reach these highs, sparking excitement and optimism about its future value. The ubiquitous utility and total supply of HVC driving its potential value are reasons for us to be excited about its future.  

It’s also important to remember that when we’re on one exchange, more will follow; this cascade will drive the demand further and the value higher. We are at the next threshold of really bringing Markethive to the forefront. This is a significant moment in our journey, and your contribution is a crucial part of it. Together, we are making history in the crypto sector. 

It’s also not too late to secure an Entrepreneur One Subscription. Doing so enables us to move forward even more rapidly with developing the five main milestones, which will bring in millions of new subscribers and drive the revenue paid to the ILP holders every month. This is the start of securing your financial future with Markethive, a legacy for you and your family. This article explains in more detail what ILP is and how it works. 

We are now at a pivotal moment in Markethive’s history; your contribution will make a significant difference. The door has opened to bring Markethive into the emerging crypto sector. Your help is crucial in jumping the final hurdle so that Markethive can be a beacon of light in a highly uncertain world. 

Where and How Can You Contribute To The Exchange Fund?

Join this Markethive group, Fund The Exchange, to contribute now and be blessed by your efforts. Thomas will be there to communicate with you and keep you updated on the progress of this imperative project. 

To contribute, you must process your contributions with either Solana or Bitcoin. Send your contribution to the address provided below.

Send Solana to this address: 9EL7ZDW95D3agRMBU1ZtgrySd22dPd6cTFTtxGDBE4Kv

Send Bitcoin to this address: bc1qcjs24ny5g37anyrfa0u2d4h03dqkaxns2cnkr0

After sending your contribution, please post your TRX (tracking) address and the amount you sent in the group. This will help us keep track of the contributions and ensure transparency in the fundraising process.

There is no time to waste; join now and be part of this monumental achievement!  Exciting Incentives Await! https://markethive.com/group/fundtheexchange

Your immediate contribution will help us secure the listing on IndoEx and take a significant step toward establishing Hivecoin's value.

 

 

Editor and Chief Markethive: Deb Williams. (Australia) I thrive on progress and champion freedom of speech.  I embrace "Change" with a passion, and my purpose in life is to enlighten people to accept and move forward with enthusiasm. Find me at my Markethive Profile Page | My Twitter Account | and my LinkedIn Profile.

 

 

 

 

MARKETHIVE – Entrepreneur One Upgrade Explained – UPDATED 2024

MARKETHIVE – Entrepreneur One Upgrade Explained – UPDATED 2024

Markethive’s Entrepreneur One Loyalty Program takes on a new meaning and concept. 

Loyalty programs have become second nature and intrinsically crucial to many businesses and us as consumers, starting way back in the 1970s when airlines offered frequent flyer points. There are now many loyalty programs; however, the point program is the most common, where customers accumulate points to redeem rewards. 

Loyalty programs were introduced to increase the customer base and the company's bottom line and create the potential for loyal consumers and repeat business. 

The image below illustrates the top 5 categories in which loyalty programs have been successful. Where the Spending has increased, loyalty programs are fundamental to our daily lives—one way we can save money is by joining their loyalty program. As customers, it's very satisfying to know we've saved money, but is there a way to make money? 
 

 
Make Money with Markethive's Hybrid Loyalty Programs

Loyalty Programs have evolved online, with Markethive at the forefront. It embraces the loyalty program concept and enhances it with the opportunity to earn a significant income and rewards. Markethive will continue to offer loyalty programs such as the Entrepreneur 1 Loyalty Program and Bounty Program. 

The E1 upgrade includes products and services like Press releases, Banner Impressions Exchange, banner and video advertising, and matching coin bonus airdrop. Then there's the Vault, even gamification, and much more as we continue to improve and enhance the incentives for Markethive members to achieve their personal and business goals, resulting in your financial legacy and self-sovereignty.

The Entrepreneur 1 Loyalty Program 

Subscription Cost: $100 per month

The Entrepreneur Loyalty Program is E1 (Entrepreneur One Upgrade) and is available now but for a limited time. Each E1 Associate receives 1/10th of an ILP (Incentivized Loan Program) after 12 months of consecutive payments of $100 per month. Even when this closes, you will never lose your E1 status or the benefits, providing you stay current with your monthly payment. The 1/10th or 10% share of 1 ILP will accrue yearly, provided you are active for ten years until you have acquired one full ILP. The retail revenue allocation of Markethive's products and services E1s receive will easily cover your E1 monthly subscription. 

Here Are 17 Extra Advantages of the Entrepreneur One Upgrade

The Entrepreneur One Upgrade is the highest premium level you will ever have the opportunity to acquire. It contains all the leveraged advantages you need to accelerate your success in Markethive. Apart from the 1/10th ILP you receive after 12 months that accumulates every year after that, providing you stay current with your monthly subscription of US$100, you also qualify for the following: 

1. Associates Control Panel: Gain complete data, their social networks, verified phone and text, verified email, and a contact management system that tracks data, stores dated notes, sends messaging and calendars events reminding actions on your Markethive calendar like callbacks, email, etc. with the Associates' Control Panel (Part of your Friends section)
 
2. Primary Matching Airdrop Bonus: Receive a 100% matching bonus from the new registration Airdrops. This can be a significant reward for those that aggressively build "associates," the term used for the leads, Markethive provides (profile page and default capture page). Our first infinity airdrop will be 500 Markethive Tokens (MHV). 

It doesn't take a lot of effort to offer a powerful and valuable system like the Markethive system. This system also rewards new members with an immediate 500-MHV token airdrop. You can easily promote this and build thousands of referrals, building your Hivecoin portfolio and customers.
 
3. Secondary Matching Airdrop Bonus: When your associate customer upgrades to Entrepreneur, we airdrop them 100 MHV tokens, and you will also receive 100 tokens as a matching bonus.
 
4. Matching ILP Loyalty Program:  You also get an equal ILP share after 12 months of continuity with the Entrepreneur program. Like an ICO, your monthly payment is accrued, and if you stay current for 12 straight months, we contribute a full 10% ILP and continue to offer this 12-month reward for ten years or your stop payment. This offer is limited to the first 1000 active upgrades.
 
5. Banner Impressions Exchange: You also get unlimited 1st level Banner advertisements in all our traffic portals and Internet properties. This offer is precious as it's considered prime real estate. Markethive properties are already receiving significant traffic, and as we grow, this traffic is included with the Entrepreneur 1 upgrade. Each E1 member gets an equal share of the total impressions from the massive traffic Markethive receives. 

Markethive has released the first of many money machines, the Banner Impressions Exchange (BIX). Non-Entrepreneur 1 members can purchase banner impressions from the active Entrepreneur 1 associate who wishes to resell their impressions. These banner slots will only be available to buy from current Entrepreneur 1 members. Now that's a cool little business right there! 
 
The Banner Impressions Exchange is where any E1 associate can create a Banner Ad business within the Markethive system by listing unused Banner slots/impressions up for bid. Choosing to transact with MHV is very easy, as payments are automated within the system. You may also transact using BTC, ETH, Paypal, and others; however, you must manage the transactions as the seller.
 
 6. Press Release Program: Markethive will also be delivering a Press Release system as a hybrid like PRNewswire (traditional distribution) to include Forbes, Yahoo! Finance, CNNMoney, MarketWatch, TheStreet.com, Bizjournals.com, Business.com, Wired, Tech Crunch, Engadget, Computerworld, CNET News, InformationWeek, R&D Magazine and more in the Tech industry. Our media list will include over 4000 media organizations, journalists, reporters, bloggers, producers, freelance writers, and editors across print, online, blogs, radio, and television.

 It will also publish to our growing social network followers (146,500 and growing via MH subscribers) and increasing WordPress blogs. When Markethive reaches 1 million members, our Social Following is projected to be at (700,000 – 2 million followers total) and about 150,000 WordPress sites. 

These WordPress sites will be mini news media and vertical news media like https://aimhigh.news, and they will be published on Markethive's portfolio of sites like https://Markethive.com, https://Markethive.net, https://allaboutco.in, https://aboutbitco.in, and https://aboutco.in.
 
Cointelegraph, a vertical tech news media organization, charges about $8,500 per release with an Alexa rank (2,622), social followers (1.3 million), and 16,000 subscribers, which justifies their price. Markethive's press release will be priced accordingly and increase as our subscribers' reach grows. The second-biggest digital news media site to Cointelegraph is CNN, with an Alexa rank (15,665) that charges $1800 and only posts to their leading site front page.

The Entrepreneur One Upgrade will include one Press Release per month for life as long as your Entrepreneur One Upgrade remains active and current. The free press release does not roll over, although additional Press releases will be discounted.

7. Sponsored Article Program: Sponsored content is a piece of brand journalism that lives on a publisher's website. The publisher's staff usually writes it so the article matches the rest of their content's tone and voice. The sponsored article is published in the same distribution as Markethive articles. Plus, notifications of articles are sent to our social network and 1000s of connected WordPress sites. Sponsored articles run from high-end media sites like Cointelegraph for $7500 to an average of $1200 for most other media systems in the general markets.
 
8. News Feed Boost: Entrepreneurs get one monthly news feed boost (publish a post to the entire membership). This does not accrue.
 
9. Co-Op Customer Acquisition Program: Markethive strategic campaigns will designate 60% to 80% of our revenue into Marketing and Advertising campaigns. These campaigns will point to Markethive assets like:

  • Markethive.com
  • Markethive.net
  • Aboutco.in
  • Allaboutco.in
  • Aboutbitco.in
  • Ewav.net
  • Iwav.net

Traditional Customer Co-Op programs charge $50 to $100 per customer. Cooperative marketing programs foster teamwork between a brand (Markethive) and its channel partners (Markethive Subscribers), who often don't have large marketing departments. 

Markethive is more equipped to create professional advertisements and manage media placement. Markethive Entrepreneur Upgrade subscribers generate demand, and Co-op marketing programs take advantage of the sales channel's local presence. This benefits both the partner and the brand.
 
10. Commerce Portals: To sell on our commerce portals, like Big Kahuna (a website builder like WIX), Beelancers (a freelancer service like Freelancers), and Markethive Exchange (a full-service crypto exchange like https://idex.market/), you must be an active Entrepreneur One Upgrade to sell or trade. This eliminates processing fees and commissions on Freelancers, Upwork, Guru, etc. 

Buyers have no obligation other than free registration with Markethive. This change in services where it is traditional to be constrained into the platform and pay high processing fees and commissions are eliminated with the Markethive Entrepreneur Upgrade system.
 
11. Crowdfunding Portal: If Markethive engages (and we will likely engage) with a crowdfunding campaign, it will be promoted to top crowdfunding systems like ICOranker, ICObench, Tokentops, Airdrops.io, and Cryptoslate.com. We will share the campaign traffic via all Entrepreneurs through our crowdfunding portal @ Markethive.io and give all Entrepreneur Upgrades their self-replicated portal to help in the campaign. 

These portals will earn equal matching shadow shares if they bring in new ILP purchases and acquire new members as traffic portals.
 
12. Texting: Ability to send a text to your Associates. Limited to one per day per Associate
 
13. Upgrade Groups to Supergroups: Supergroups (formerly Storefronts) have landing pages, forms, and shopping carts designed to act as a vertical eBay or Affiliate portal.
 
14. Advertise to the Calendar: Publish events to your calendar, which is included on the main Calendar page within Markethive.
 
15. Video Advertising: Entrepreneur One will include a video ad portal similar to the banner portal.

16. The Entrepreneur One Exchange (E1X): The E1 Exchange is explicitly designated for the E1 associates. Once the E1X is integrated and active, the Entrepreneur One Upgrade will not be available for any new or free members from the Markethive administration. However, they can be acquired through our E1X from current E1 associates who decide to sell their accounts. There's no restriction on the number of Entrepreneur One subscriptions you can own to benefit from multiple memberships. If you have numerous E1 subscriptions, you'll receive the corresponding number of bonuses, such as the ILP and HVC, for each membership you hold. 

As we move closer to the official release of Hivecoin, E1 Exchange, and associated implementations within the Markethive system, the Entrepreneur One Upgrade will only be available to bid and purchase from E1 associates who hold multiple E1 subscriptions, should they choose to sell one via the E1 Exchange (E1X). 

17: Promo Code Reward System:  The Markethive.net Promocode site is a comprehensive website with navigational links to white papers on many aspects of Markethive and exclusive to the Entrepreneur One Status. The white papers listed include the Role of Community, Markethive Broadcasting, Business Liability, Inbound Marketing, The ILP,  and the Traffic Report. The E1 members are allocated promocodes from the company with maximum value to incentivize new referrals with an offer of various Markethive products. The Promo Code is an excellent initiative for referrers and referralsThis welcome bundle may include complimentary Wheel of Fortune spins, free Boosts, a 30-day trial of the Premium Upgrade, banner impressions, Markethive Token Airdrops (MHV), or a redeemable value of Markethive Credits (MVC). Certain Promo Code offers include referral incentives, where the referrer can earn matching bonuses. 

This article explains the four different Markethive tokens in more depth and the potential of Hivecoin, Markethive’s primary token for transactional activity or trading on crypto exchanges. All of these E1 advantages are, in effect, money machines that will increase your earning potential and economic growth to have a lasting legacy for you and your family. 

 

Let's Look At The Numbers Of The ILP Income Potential

The E1 Associates' share of the ILP represents 20% of the net revenue of Markethive, and based on actual internal statistics and tracking, the projections indicate that by 2023, a member base of 500 million will yield a monthly income of $5.6 billion. 20% equals $1.2 billion allocated for the ILPs, divided by the maximum of 1000 ILPs, and returns a $1.2 million payment per ILP. 1/10th of that ILP (earned via the E1 upgrade) returns a monthly dividend of $120,000. 

Even external statistics confirm Markethive's projections. For example, according to Google's Alexa Ranking (now deemed redundant), Markethive was ranked 3,797 at the time of this original publication in 2020. This shows that Markethive is among the top three similar sites in the industry. Blockchain technology and cryptocurrency have made it easy for Markethive to pass on the benefits and wealth to the community. 

This opportunity to upgrade to the Entrepreneur One loyalty program, where you will receive a 1/10th iLP every year you are active and current, will soon disappear, so don't miss out. Instead of a few investors taking the lion's share of the profits like all other platforms, Markethive allows you to be part of the early adopter phase. You will own a piece of this next-generation social market network that includes everything you need to be successful online. 
   
It's not about the bottom line for Markethive; it's about you, the member, the "rank and file." You are a virtual owner of Markethive; it's your company where you receive valuable tools and considerable returns from the ILP. The ILP is on track to commence revenue payments early next year and will grow as Markethive grows.

Moving Forward

As Markethive moves forward, we will introduce some entry-level loyalty programs offering extra fundamental services for those who cannot upgrade to the Entrepreneur 1 level. Stay tuned for that. The Premium Upgrade will be available at an entry-level cost, a fraction of an E1 upgrade; however, it will not include the ILP increments. 

And, of course, don't forget about the Referral Program that will unlock your Micropayment Faucet System. The Bounty program, Hive Rank, and gamification activities in the Markethive ecosystem make it fun and exciting and increase your earning potential within the hive. More about this will be discussed in upcoming articles as they roll out.
 
Everyone Succeeds

Markethive truly wants everyone to succeed. Our consumer coin, Hivecoin (HVC), was created on the Solana Blockchain Network, making this a reality and very much the future of social market networks. Now, there is a place to earn real online income while doing what you love. 

You can feel safe knowing your data is protected, and self-sovereignty is paramount in this collaborative environment. You are respected as an individual, and your loyalty will be rewarded as Markethive is on track, on time with its milestones, and set to deliver the additional promised services. Markethive’s traction is increasing exponentially, and it’s all coming together as the next-generation Market Network in a league all of its own.

The Entrepreneur One Upgrade is a reciprocal blessing of a divine vision. 

We have just delivered Version One of the new newsfeed. We are getting very close to completing the remaining milestones, which include the E1X, KYC-Login system, Promo Code reward system, Premium Upgrade, and Conference Rooms. Once complete, the Entrepreneur One Upgrade will not be available from Markethive, the company. It's time to consider securing your financial future by grabbing an E1 now! Doing so makes you a shareholder, early adopter, and pioneer in creating this Divine Vision. The more E1s we have contributing, the faster the road to the success of our entire community. 

How can you forge your future as an Entrepreneur and get your share of ILPs with the Entrepreneur One Loyalty Program? By clicking on the Membership Upgrade tab on your home page. A popup will prompt you to become an Entrepreneur One Associate with seamless navigation and ease. 

Take advantage of the Markethive meeting held on Sundays at 8 a.m., as Markethive founder and CEO Thomas Prendergast will reveal much more as we move forward with the final launch of the fundamentals, bringing Markethive into its own and setting it on the path of the final harvest. Attending the meetings can be beneficial, as Tom is known for generously distributing Hivecoin to those present. 

 

ecosystem for entrepreneurs  

 

Editor in Chief Markethive: Deb Williams. (Australia) I thrive on progress and champion freedom of speech. I embrace "Change" with a passion, and my purpose in life is to enlighten people to accept and move forward with enthusiasm. Find me at my Markethive Profile Page | My Twitter Account | and my LinkedIn Profile.

 

 

 

 

The New Mini Blog Newsfeed Is Here At Markethive A significant achievement unlocked with many more to come

The New Mini Blog Newsfeed Is Here At Markethive! A significant achievement unlocked, with many more to come

The Markethive Social Market Broadcasting Network is rapidly gaining prominence as a blockchain-based ecosystem that empowers entrepreneurs with a unique blend of uncensored expression and impartial dialogue, fostering a spirit of collaboration. This sets it apart from the often divisive and restrictive social media landscape.

At Markethive, your experience is our top priority. That's why we're recognized for our evolutionary and innovative ethos. We consistently broaden our decentralized, all-encompassing platform, creating a distinctive news feed interface that fully captures the user's experience.

We operate as an Inbound Marketing platform similar to Marketo and Paragon. The platform is comparable to popular platforms such as YouTube, Instagram, LinkedIn, and Twitter. However, we aim to surpass these traditional Web 2.0 media platforms with the upcoming release of Markethive 2.0, which includes various new features and an improved layout.

In contrast to traditional social media platforms, which rely on a single, primary news feed algorithmically set by the central authorities, Markethive's innovative approach will incorporate four distinct news feeds tailored to support the diverse range of features and functions within the Markethive ecosystem.

Markethive's feeds, including the Conglomerate or general newsfeed, video content, blogging, and curated content, are all about putting you in control. With advanced algorithms, you can tailor these feeds to your preferences, giving you the power to shape your Markethive experience. Markethive's reach is vast, as it consolidates the various features of other platforms into a single, unified system. This article illustrates the different newsfeeds in development and much more.

Mini Blog Newsfeed Version One Now Integrated 

Markethive is thrilled to introduce its first newsfeed, the Conglomerate Newsfeed, also known as the Mini Blog Newsfeed Version 1. This key feature, available as part of Markethive's subscription upgrades, is a significant step towards our mission. The revenue generated from these upgrades contributes to the Entrepreneur One program, with E1 members receiving 20% of the net profit from subscription and service-based revenue.

This newsfeed functions similarly to a blogging platform—a mini blog system presenting a visually appealing and organized layout incorporating thumbnails and videos. By formatting each post, a uniform display of all published content is created, showcasing a concise preview of each publication.

The proliferation of online social media and marketing has led to cluttered and chaotic newsfeeds and threads. The revamped newsfeed addresses this issue by streamlining the layout, preventing large graphics from dominating the feed, and creating a more manageable and comfortable user experience.

Every post on Markethive comes with a unique permalink that allows you to share the content on other websites and social media channels. This feature is exclusive to Markethive and sets it apart from other platforms, making you part of a unique and special community. When a post is accessed within Markethive, it expands into a dedicated window, showcasing the full content, accompanied by a comments section, social sharing buttons, and a tipping option.


Courtesy of Kevin Jacobson, E1 Associate. 

For our free members, Markethive offers a standard text-based newsfeed that allows one image. However, with the Newsfeed Broadcast Upgrade, your posts will transform into mini-blogs, offering unlimited capabilities. The HTML editor allows various fonts, colors, bold, italics, etc., to construct your publication in the newsfeed and allows for multiple images and video content. This upgrade, available for a minimal price of around $5 per month, will make your messages, advertisements, and general posts look highly sophisticated and appealing.  

For those unfamiliar with the ‘WASIWIG’ editor, note that when you paste content into the editing field, you'll need to use the Ctrl V shortcut to make it visible. This also applies to images—copy the image from your files and Ctrl V into the desired location within the editor.

Thomas Prendergast, architect, founder, and CEO of Markethive, says,

“I am impressed with Elon Musk’s innovation and progress in upgrading the X platform to allow for additional tools, such as unlimited content on the newsfeed. This shows that that’s what people want. What Markethive plans to do with the newsfeeds leapfrogs what X already does with its upgrade. What we’re creating here is the ability to publish an instant blog with the power of the newsfeed and broadcasting. Nobody has done anything like this before.“

This is the 1st version of the newsfeed and will inevitably have a few errors. To address this, we are launching a bug bounty program. We invite anyone who encounters a problem while using the newsfeed or has suggestions for its enhancement to report their feedback to our support team. If the issue is valid or the idea is implemented, you will receive rewards in the form of Hivecoin.

The Way Forward

Just like the Earth functions as a self-contained ecosystem, the world is witnessing a technological paradigm shift where entire ecosystems emerge. This technological evolution is crucial for the long-term viability of any platform. The advent of blockchain and cryptocurrency has empowered pioneering companies to build holistic systems from scratch, addressing the myriad of problems that have long plagued social media platforms.

Leading the way is Markethive, a comprehensive platform that caters to the diverse needs of online users. It encompasses social networking, professional development, inbound marketing, e-commerce, artistic expression, and entrepreneurial pursuits, ultimately enriching the lives of its members. It aims to empower individuals financially, professionally, and personally, catering to people from various backgrounds and interests.

Markethive, the pioneering social market broadcasting network, is continuously innovating and offering innovative solutions and a sanctuary from the chaos of the internet. Leveraging blockchain technology, Markethive is transforming into a fully decentralized all-media platform, positioning it ahead of earlier technologies and systems while embodying the humanitarian principles urgently needed in today's digital landscape.

Don't miss the Markethive meeting this Sunday at 8 a.m., as much more will be revealed. We will share further information about the mini blog newsfeed and updates as we work on resolving the inevitable bugs in this new system. Attending the meetings can be beneficial, as Tom is known for generously distributing Hivecoin to those present.

 


 

Editor and Chief Markethive: Deb Williams. (Australia) I thrive on progress and champion freedom of speech.  I embrace "Change" with a passion, and my purpose in life is to enlighten people to accept and move forward with enthusiasm. Find me at my Markethive Profile Page | My Twitter Account | and my LinkedIn Profile.

 

 

 

 

BRICS Countries Advancing with a New Payment System A Breakthrough for Global Commerce Potentially Disrupting the Dominance of the US Dollar

BRICS Countries Advancing with a New Payment System. A Breakthrough for Global Commerce Potentially Disrupting the Dominance of the US Dollar

Recent headlines suggested that the longstanding 50-year agreement between the United States to exclusively price oil in US dollars had expired, sparking concerns that the era of the Petrodollar may end. Despite initial fears, it was later confirmed that this information was inaccurate. Nevertheless, significant developments occurred during this period as BRICS introduced a new payment system, and Saudi Arabia subsequently became a participant in this initiative.

A potentially game-changing development is on the horizon as a consortium of emerging nations, known as BRICS, prepares to unveil a new payment system, which it has been working on for years and is based on the Ethereum blockchain. This innovation, with its potential to disrupt the US dollar's dominance, could signal a long-awaited breakthrough for global commerce and provide relief to countries struggling with crippling economic sanctions and the exploitative petrodollar system.

BRICS Explained

BRICS stands for Brazil, Russia, India, China, and South Africa. The original acronym was BRIC, coined by former Goldman Sachs Economist Jim O'Neill in 2001. At that time, four countries were involved. O'Neill's forecast suggested that these countries would experience significant economic expansion by 2050 due to increasing populations, low labor costs, and abundant natural resources.

Geopolitical dynamics and fluctuations in commodity prices also played a significant role. The timing coincided with China's accession to the World Trade Organization and strong commodity demand for developing countries aligning themselves with the US. However, as a previous article on the BRICS nations noted, this dynamic began to shift following the global financial crisis. As Xi Jinping took the helm, China began to chart its course, coinciding with a sharp decline in commodity prices.

Unsurprisingly, Wall Street's sentiment regarding the BRICS shifted. Despite this shift, the article highlighted that the underlying factors that initially drove Goldman Sachs’ optimism about the BRICS remain unchanged. The BRICS countries still have growing populations, low labor costs, and commodity abundance. The only element missing in this equation was a vital commodity market. Some may have noticed that commodity prices worldwide have been rising over the last few years, increasing the geopolitical power of the BRICS. 

It's also no surprise that the general public has begun to take notice, but many Western elites remain in denial about the resurgence of the BRICS nations. Despite this skepticism, the BRICS nations have continued to make significant strides, impressing with their resilience and determination. 

Consequently, accessing reliable information about these countries' developments has become a challenge, especially for those living in Western societies. This scarcity of credible details makes it even more daunting to stay informed about pressing issues, and one topic that has garnered significant attention is the prospect that the bloc will launch its shared currency to rival the US dollar. 

Numerous sources suggest that gold or cryptocurrency might support the proposed BRICS currency, yet no proof exists to confirm its imminent arrival. Upon examination of the origins of these reports, it becomes apparent that they mainly consist of informal remarks by officials from BRICS nations or concepts that have yet to progress beyond the initial proposal stage.

For the time being, establishing an actual BRICS currency is not a current priority. However, developing an alternative payment infrastructure is definitely under consideration. It's essential to note that a BRICS currency and a BRICS payment system are two distinct concepts. A BRICS currency would be akin to the US dollar or the euro. In contrast, a BRICS payment system refers to a network of payment channels that can facilitate transactions in any currency.

Russian companies have been engaging in trade with Chinese companies by utilizing the USDT stablecoin from Tether, which is linked to the value of the US dollar. This development is highly noteworthy as it brings attention to a significant issue. The challenge the BRICS countries face is not the US dollar itself but rather the infrastructure for carrying out financial transactions on which the US dollar relies. This significant issue is represented by SWIFT, which is recognized as the most extensive payment system globally.

Evidently, SWIFT's allegiance lies with Western nations, and it's been increasingly used as a financial weapon to exert and restrict transactions to specific entities. In reality, the SWIFT system poses a more significant challenge for the BRICS nations than the US dollar itself. Consequently, the BRICS have been actively developing a substitute for the SWIFT system.

This new payment system was unveiled during a week when the media was abuzz with speculation about the impending demise of the US-Saudi oil agreement. Interestingly, Saudi Arabia joined the BRICS payment system just before the rumored expiration date, a move that could potentially shift the balance of power in global trade. 

It's tempting to suspect that the frenzy surrounding the US-Saudi oil deal was intentionally exaggerated to divert attention from the fact that BRICS had introduced a rival to SWIFT. This development has far-reaching implications, dwarfing the significance of any oil deal or BRICS currency. If the BRICS payment system gains widespread adoption, it could potentially dislodge the US dollar from its dominant position.


Source: Central Banks Payment News

BRICS Payment System

The BRICS Payment System, known as mBridge, was developed by the central banks of Thailand, Hong Kong, China, and the United Arab Emirates in collaboration with the Bank for International Settlements (BIS), often referred to as the "bank for central for central banks.” Notably, mBridge is a digital currency platform that utilizes Central Bank Digital Currencies (CBDCs). The BIS has been instrumental in supporting central banks globally in developing and implementing their respective CBDC systems.

Those familiar with CBDCs are likely aware of their unsettling implications, as they grant governments and central banks unprecedented control over individuals' financial decisions, habits, and savings limits. However, it's worth noting that CBDCs come in various forms, each with distinct characteristics and intended uses.

CBDCs have two categories: retail CBDCs, intended for public use, and wholesale CBDCs for a select group of individuals and organizations. The mBridge system falls under the latter category, designed exclusively for institutional use. As previously noted, mBridge is built on the Ethereum network, essentially replicating its architecture. It utilizes a blockchain called mBL, written in Solidity programming language, and employs the Ethereum Virtual Machine (EVM) to execute smart contracts.

A critical distinction between Ethereum and the mBL lies in the mBL's private and restricted access. Utilizing the mBL is exclusive to central and commercial banks, which also control the network's infrastructure. Specifically, participating central banks operate as de facto validators, while participating commercial banks act as de facto relays, overseeing data flow within the network.

Another critical distinction between mBridge and Ethereum is their transaction speeds, with mBridge appearing much faster. This is attributed to its innovative Dashing consensus protocol, developed by Chinese researchers, which validates blocks by inspecting random segments rather than the entire block. The primary objective of mBridge is to empower users to circumvent the existing US-dominated financial infrastructure. This includes sidestepping the SWIFT system, avoiding all intermediary banks in cross-border transactions, and trading the US dollar in Forex. 

The US dollar is a bridge currency, especially for large transactions. For example, if you want to swap a large amount of New Zealand dollars for Canadian dollars, you'll have to swap New Zealand dollars for US Dollars and then US dollars for Canadian dollars. That's because it's not always possible to trade large amounts of New Zealand dollars directly for Canadian dollars. 

Using mBridge, you can convert New Zealand dollars to Canadian dollars in a seamless, direct transfer between New Zealand and Canadian banks. The mBridge network system bypasses the need for the US dollar as a bridge currency, eliminates the involvement of intermediary banks, and circumvents the traditional SWIFT infrastructure, marking a significant breakthrough.


Source: Cointelegraph Magazine

Besides facilitating international trade, removing the US dollar as the bridge currency means the demand for tens of trillions of dollars from large Forex transfers disappears. Simply put, the reduced reliance on the US dollar for international transactions substantially decreases demand, undermining the currency's value. As with any asset, the value of the US dollar is ultimately determined by the balance of supply and demand. Suppose the demand for US dollars dwindles as countries turn to alternative currencies for Forex transactions, coupled with a steady or increasing supply. In that case, it will inevitably lead to a decline in value.

To the many who believe a retail CBDC for the general populous is dystopian, including the presumptive 47th POTUS, Donald Trump, this report from the BIS CBDC survey indicates that central banks are shifting their focus away from retail CBDCs and toward wholesale CBDCs and this is likely a saving grace for us. The data reveals that 94% of central banks are more inclined to launch a wholesale CBDC than a retail one, sparking speculation that this shift may be driven by a desire to participate in the mBridge initiative.


Source: Bitcoin Magazine @ X

BRICS Endgame

The BRICS nations' financial plans have taken a significant step forward in conjunction with Saudi Arabia's recent announcement of joining the mBridge initiative. The BIS announced they would introduce the new payment platform on the same day. The BIS also reported that the number of observing members, such as central and commercial banks, who are interested in joining mBridge has increased to 26.

The significance of this development goes far beyond the adoption of mBridge. Notably, the BRICS grouping recently expanded its reach by inviting six nations to join its expanding network, now dubbed BRICS Plus. The invitees were Egypt, Ethiopia, Iran, Saudi Arabia, the UAE, and Argentina. It is worth noting that all of these countries, except Argentina, accepted the invitation. Argentina's decision to decline is interesting, particularly in light of the perceived alignment of its new president, Javier Milei, with the Western bloc.

Regardless of the circumstances, it is intriguing that Saudi Arabia's intentions regarding BRICS membership have been shrouded in ambiguity, sparking curiosity. The media has reported conflicting news, with some sources citing official statements to claim that Saudi Arabia has joined the group, while others, also referencing official sources, assert that it has not.

The proverbial expression holds that actions speak louder than words, and Saudi Arabia's decision to become a part of mBridge clearly demonstrates this. Various political analysts have highlighted that Saudi Arabia's ambiguity regarding joining the BRICS is likely a strategic move to avoid antagonizing its Western counterparts. Similarly, India has maintained a low profile regarding the BRICS, which is understandable given that the BRICS doesn't have a formalized structure.

The BRICS, or BRICS Plus, functions as a group of nations from the global South; as mentioned in an earlier publication, no headquarters, official website, or charter outlines its objectives. This could be due to the need for the BRICS countries to create a financial framework before forming an official entity. 

To provide context, it is essential to note that the United Nations, dominated by Western interests, was founded after establishing the Bretton Woods system. A key factor contributing to the Bretton Woods system's dominance was the influence of institutions such as the International Monetary Fund (IMF) and the World Bank, which effectively ensnared many nations in a web of debt denominated in US dollars, often with unfavorable conditions.

If history is any guide, the BRICS should follow a comparable route. As it happens, the BRICS have already taken a significant step in this direction by establishing the New Development Bank (NDB) in 2015, a financial institution analogous to the IMF and World Bank. The NDB stands out as a tangible entity within the BRICS framework, boasting a substantial $100 billion allocated for infrastructure projects and loans. This positioning, in theory, grants the NDB the ability to exert influence similar to that of its Western counterparts, providing critical financial support to countries in need while encouraging them to adopt policies that align with the interests of the BRICS nations.

In practice, the primary challenge lies with the current payment system. If the NDB were to pursue aggressive lending practices comparable to the IMF, it could attract scrutiny from the US and its supporters, resulting in complications for the NDB and its borrowers.  Moreover, providing loans to nations that are not strong allies of the US could also lead to payment difficulties. The mBridge system, however, resolves these issues.

While there is no definitive proof that the NDB will utilize mBridge, several indicators suggest a strong connection. The NDB is headquartered in China and is one of the five founding members of mBridge alongside Hong Kong. Additionally, the UAE, another key player in mBridge, holds a stake in the NDB. Furthermore, Saudi Arabia has been actively seeking to become a member of the NDB since last year, bringing the number of mBridge participants with ties to the NDB to four out of five.

The fifth is Thailand, which has reportedly expressed interest in joining the BRICS partly because of their discontent with the treatment they receive from Western countries. The governance procedure of mBridge still needs to be fully understood. Still, it is known to exist, and most participants are expected to vote to integrate the NDB if the matter arises.


Source: Blockstreet

Looking Ahead: What's Next for BRICS and mBridge?

The future of the BRICS nations and the mBridge payment system is multifaceted. It's essential to note that mBridge is still in its infancy, having only recently launched as a minimum viable product (MVP), which, as the name suggests, is its initial public release. However, it is evident that BRICS primarily serves as an economic endeavor. Furthermore, the increasing number of countries joining the initiative highlights their interest in the financial advantages of affiliating with major commodity producers, underscoring the profound importance of mBridge.

The primary factor behind the substantial value of the US dollar is its necessity in global trade, particularly for purchasing essential commodities such as oil that are denominated in dollars. This raises a significant question: As a nation, do you require the commodities themselves more, or do you need the dollars to acquire them?

The degree to which a country relies on US dollars is primarily determined by its natural resources. Nations with an abundance of exports, such as oil or minerals, tend to be less dependent on the US dollar, whereas those with limited resources often rely heavily on it. This dynamic significantly impacts global politics, leading to a predictable pattern of geopolitical alignments. Nations with solid commodity reserves wield greater independence and are more likely to challenge the US and its allies, whereas those without must form alliances with the US to ensure access to the dollar.

However, it's important to note that the focus is not solely on the US dollar per se; it's the rails on which it runs. The primary purpose of mBridge is to provide nations lacking in commodities the ability to buy these goods directly from producers, bypassing the need for US-dominated infrastructure. In other words, this platform grants them liberation from American influence, empowering them to act with greater autonomy.

This value proposition is quite appealing because, like most individuals, most nations desire to be independent and avoid getting involved in conflicts between major powers. They aim to exist peacefully, and mBridge offers them the means to maintain neutrality. However, implementing this may pose challenges, leading to intriguing situations. A notable instance is the extensive financial sanctions imposed on Russia, hindering its ability to utilize US dollars in trade and forcing it to rely on the currencies of other trading partners.

In the previous year, a Russian official disclosed that Russia had collected a substantial amount of Indian rupees from selling oil to India. Typically, Russia would exchange these rupees for US dollars, which could then be spent on goods from other nations. However, this is no longer an option. As a result, Russia is limited to using these rupees solely to buy goods from India, despite already having most of the products India offers.

India's major export is petroleum products, which Russia already has in abundance. India's other export offerings, such as rice and textiles, are limited in their appeal to Russia, which already meets most of its needs in these areas. It's akin to having an open-ended line of credit that can only be used at a single store that predominantly sells items you already possess in abundance.

A critical challenge comes to the forefront as the mBridge system expands to include more currencies. This will lead to the necessity of introducing a bridge currency similar to the US dollar. This is where the conflicting information regarding the BRICS currency begins to clarify. 

While there has been a widespread belief that the BRICS currency would be accessible to the general public and function as a standard retail currency, it is more probable that it will be utilized on a wholesale level within the confines of the mBridge system, exclusively by the central banks and commercial banks involved in the system.


Source: Rich Turrin Substack

The primary function of the BRICS currency is likely to prevent countries from accumulating large amounts of any given currency. The concept of a commodity-backed BRICS currency becomes more plausible when viewed as a bridge currency within the mBridge platform. Moreover, establishing this currency will enable smaller nations with more minor currencies to participate in the mBridge system.

Overall, introducing mBridge may signal the beginning of the end of the US dollar's supremacy and potentially a shift away from the increasingly fragmented global trade landscape. Progress in this direction will be gradual, with various obstacles to overcome. The existing US powers will unlikely relinquish their grip on the financial system without a fight and will likely employ all available means to preserve their control. 

What Else Could Be On The Horizon?

A lot is happening behind the scenes, and a significant development is unfolding. Speculation is mounting that a coalition is forming between influential leaders, including former US President Trump, Russia's Vladimir Putin, China's Xi Jinping, India's Narendra Modi, tech mogul Elon Musk, and Prince Mohammed bin Salman of Saudi Arabia. 

This alliance is becoming increasingly apparent as the year advances with widespread optimism, fueled by the belief that a golden age is on the horizon, where nations can peacefully coexist, united in mutual understanding and cooperation.

Just recently, the presumptive President Trump vowed to fully support cryptocurrency and make Bitcoin a crypto powerhouse. This includes setting up crypto mining operations in the US, implementing transparent regulatory guidance to benefit the crypto industry, and ‘cleaning up’ the corrupt banking system. 

This initiative will create an extensive new banking system linked to the BRICS system in the Americas, paving the way for a global trading network based on blockchain technology that can monitor illicit activities like money laundering and human trafficking and ensure full financial transparency.

As Trump said at the 2024 Bitcoin Conference,

“Bitcoin is not threatening the dollar; the behavior of the current US Government is threatening the dollar. The danger to our financial future does not come from crypto; it comes from Washington, DC.”


 

Editor and Chief Markethive: Deb Williams. (Australia) I thrive on progress and champion freedom of speech.  I embrace "Change" with a passion, and my purpose in life is to enlighten people to accept and move forward with enthusiasm. Find me at my Markethive Profile Page | My Twitter Account | and my LinkedIn Profile.

 

 

 

 

Solana Gains Momentum Defying All Odds SOL Set For Serious Gains

Solana Gains Momentum Defying All Odds. SOL Set For Serious Gains

Many altcoins have experienced significant declines exceeding 40% since March, yet a few have shown remarkable strength. Solana stands out as one of these resilient altcoins, prompting speculation about its potential for a bullish surge once the cryptocurrency market reaches a parabolic phase. In this article, we will explore Solana's recent developments and discuss the possibility of SOL reaching new heights in the upcoming months. Whether you are already invested in SOL or contemplating adding it to your portfolio, this information is essential reading.

Significant developments have unfolded in the brief span of three months since the last Solana update. Notably, Solana surpassed Ethereum regarding stablecoin trading volumes, a milestone achieved during a mini-surge in altcoins in March, and Solana was a vital driver of this trend. Notably, SOL’s value peaked just before the FTX estate revealed its plan to offer 41 million SOL tokens to investors at a substantial 68% discount, amounting to approximately $7.6 billion.

FTX completed its over-the-counter (OTC) sales in May, but a crucial aspect to consider is that these deals are tied to a four-year vesting period. This means that when the buyers eventually sell their SOL, they will likely face minimal albeit steady selling pressure. 

Solana Memecoins, Payments 

Solana's surge in popularity can be attributed to the numerous memecoins created on its platform, particularly after the launch of Pump.fun memecoin generator in March. This memecoin hype caused a significant increase in transaction fees, which led to Solana surpassing Ethereum in terms of fees generated. However, the high volume of memecoin transactions caused congestion issues on Solana's blockchain, and despite not experiencing any actual outages, it was severely impacted, rendering the network nearly unusable.

Congestion problems first appeared in April and have since been a significant factor in the fear, uncertainty, and doubt (FUD) surrounding SOL’s price. Solana's validators then implemented a technical upgrade to address the congestion problems, yet they continue to affect some users. Despite this, institutional investors remain unfazed and continue to include SOL in their crypto portfolios.

According to a report by CoinShares, 15% of institutional investors surveyed have raised their investments in SOL since the beginning of the year. Some of these investors likely obtained their exposure through FTX OTC sales. Another positive development for Solana occurred in April when it was announced that Stripe, a major payment processor, would enable USDC payments on multiple blockchains, including Solana.

The importance of Solana's self-positioning as a blockchain for crypto payments cannot be overstated. The announcement in May that PayPal had introduced its PYUSD stablecoin on Solana's platform is particularly noteworthy. In an open letter, PayPal explained its decision to build on Solana, highlighting the network's rapid finality and low fees. Additionally, they emphasized their intention to utilize PYUSD on Solana for commerce and payment purposes, citing its confidential transfer feature. This development could catapult Solana's value to unprecedented heights, with stablecoin payments emerging as a game-changing use case.

June was a whirlwind of activity for Solana. Following the news of its collaboration with PayPal, institutional investors significantly increased their investment in SOL. But they weren't the only ones eager to get in on the action—Circle, the issuer of USDC, also revealed plans to introduce enhanced stablecoin features on the Solana platform.

It’s worth mentioning that Solana is identified as the designated blockchain platform for USDC, as stated in a blog post by Circle. The current status of this arrangement is uncertain following the dissolution of the Center Consortium in August 2023, which was composed of Coinbase and Circle.

Solana Enhancements, ETFs, Regulations  

Solana has made significant iterations, including introducing Solana Actions and blockchain links (Blinks). These innovative tools enable seamless integration of blockchain transactions into various platforms, providing a user-friendly Web3 experience. With Solana Actions, users can efficiently execute on-chain transactions across different platforms, including websites, social media, and physical QR codes, allowing for enhanced flexibility and convenience.

With Solana Blinks, any action can be converted into a shareable link, enabling any website or platform that supports URLs to initiate a Solana transaction using a Solana wallet. This innovative feature seamlessly integrates on-chain transactions into various online platforms, including websites and social media, eliminating the need for users to navigate away from their current page. Thus, decentralized apps become more accessible, intuitive, and user-centric. Most would say that’s pretty remarkable! 

However, what’s not so remarkable is the concerning development of the CFTC, which is investigating Jump Crypto, a crucial entity within the Solana network. Jump Crypto has played a vital role in shaping Solana's infrastructure, having contributed to the creation of the Pith Network Oracle and the Wormhole bridge and collaborating on the development of Solana's Fire Dancer client. The potential implications of this investigation on Solana's growth are uncertain. They may hinge on the extent to which other companies within the ecosystem are involved in developing Fire Dancer.

Thankfully, the attention Solana received regarding the Jump Crypto CFTC investigation has been overshadowed by the announcement that VanEck had applied for a Solana ETF in June. Nevertheless, despite the recent greenlighting of similar ETFs for Ethereum, industry insiders believe it's unlikely that Solana will receive ETF approval anytime soon.

However, several analysts have pointed out that the approval of a SOL ETF may become more feasible if there is a change in the presidential administration following the November elections, as this could lead to a shift in leadership of the SEC. Despite being a challenging prospect, a growing consensus across party lines in Congress supports cryptocurrency. Bloomberg ETF analyst Eric Balchunas emphasized that the deadline for the SOL ETF approval is expected to be around March next year. Additionally, 21Shares submitted an ETF application after VanEck, and it is anticipated that other asset managers may also pursue similar ETF offerings, opening up exciting possibilities for SOL's future.

Predictions regarding the impact of a potential SOL ETF on the price of SOL vary widely, similar to the discussions around Bitcoin and Ethereum ETFs. While some forecasts suggest that the ETF may have minimal influence on SOL's price, others anticipate a significant surge, possibly exceeding its current value by nine times. One piece of evidence supporting the bullish outlook is the substantial premium at which Grayscale’s Solana Trust (GSOL) is trading in comparison to its net asset value, indicating institutional optimism.

According to CoinBureau's crypto specialists, SOL's optimal price ceiling during a strong market surge is estimated to be around $1200. Notably, this forecast aligns with the 9x growth predictions made by other industry experts, and those ETFs will likely launch when the crypto bull market reaches its most enthusiastic and optimistic peak, potentially leading to a significant surge in SOL's price.

SOL Price Outlook

SOL has been an outlier among altcoins, bucking the trend of recent price crashes. Instead, it has been trading within a tight range of $130 to $200 since late February. It is essential to highlight that a similar scenario is observed with Bitcoin, Ethereum, and other major altcoins. Typically, periods of consolidation are followed by significant breakouts either above or below the established range.


Source: CoinBureau.com

The chart above indicates that SOL could reach $300 if it breaks out upwards in the upcoming weeks or drop to $90 if it breaks out downwards in the same period. However, predicting the direction SOL will take is not determined by knowing its potential high or low points. To resolve this, we need to examine the factors influencing the new supply, such as selling pressure, and the factors driving demand, known as buying pressure.

The price is influenced by supply and demand dynamics. SOL's supply has reportedly risen by approximately 20 million units over the past three months. If all the newly supplied tokens were sold, SOL trading at an average price of $150 could have resulted in up to $3 billion worth of selling pressure in under four months. However, despite this significant supply increase, the demand for SOL seems even more extraordinary.

A few key statistics to consider:

  1. Notably, the Phantom wallet has surpassed 4 million downloads, marking a significant milestone. It was reported to have reached 3 million downloads just a few months prior, as highlighted in a recent Solana updates article, showcasing its rapid growth.
  2. DAP radar indicates that Solana has recorded over 5.5 million unique active wallets in just three days. This figure represents four times the 1.4 million wallets recorded in March. Additionally, DApp Radar has observed a 50% rise in active wallets within the past month.
  3. Solana's DeFi protocols have maintained a total value locked of approximately $4.7 billion, even as the price of SOL has dropped by 20 – 30% from its recent peaks. This is noteworthy as it indicates that fresh funds are flowing into Solana's DeFi protocols despite the decrease in price and the overall negative market sentiment.
  4. Furthermore, this trend is supported by data from Solscan's analytics page, which shows that the daily number of active Solana wallets has remained stable, hovering around the 900,000 mark.


Source: Solscan

Solana’s Roadmap And Catalysts That Could Boost SOL

Returning to SOL's current and future price action, its resilience can be attributed to the strong demand aspect of the supply-demand dynamic. The ongoing uptrend in the factors driving demand indicates a greater likelihood of SOL breaking higher. Put simply, there is a higher probability of SOL surging to $300 in the coming weeks than plummeting to $90, representing a significant 50% increase from its current value. However, it's important to note that a break above $200 is required for this scenario to play out, and that would need a catalyst to trigger it.

It just so happens that Solana has a slew of forthcoming milestones that could act as a growth catalyst. One of the most significant is Fire Dancer, a cutting-edge validator client generating much buzz. To provide a quick update, Fire Dancer is a game-changer because it has the potential to enhance Solana's speed significantly. A member of the Fire Dancer team shared that it will initially boost Solana's transaction capacity to 20,000 transactions per second (TPS) with plans to increase that number to a whopping 1 million TPS gradually.

Solana has achieved a peak speed of approximately 7,000 TPS to date. However, its maximum potential TPS is believed to be around 65,000. A Fire Dancer team member disclosed that the actual figure is nearer to 200,000 TPS. Nevertheless, exceeding the indicated TPS level brings about significant challenges, implying that scaling up to 1 million will necessitate additional modifications.


Source: Chainspect

Concerning the project schedule, Anatoly Yakovenko, the founder of Solana, has repeatedly stated in interviews that his team aims to launch the initial version before the September Breakpoint conference. The recent announcement of a bug bounty program for Fire Dancer suggests that the release will likely happen sooner rather than later. However, it’s worth noting that Jump Crypto, a company assisting with the development of Fire Dancer, is currently under investigation by the CFTC, which may impact the project's timeline.

Additionally, Solana has experienced a string of technical problems in the past. A team member from Solana's Jito validator client recently shared in an interview that Fire Dancer may also face some challenges. If Fire Dancer propels SOL above the $200 mark, the driving force behind its surge past $300 will likely be unveiled at Breakpoint.

Notably, previous conference announcements have significantly impacted the price. In addition to Fire Dancer and any other announcements to be made at the conference, Solana has two other important events coming up that could increase the value of SOL. One of these is creating a formal on-chain governance structure, a topic discussed in Solana’s forums

A well-defined governance framework can help Solana shift towards a more decentralized model, which may alleviate the regulatory pressure the SEC has exerted on it. In case you missed it, the SEC has identified SOL as an unregistered security in its legal actions against major cryptocurrency exchanges Binance and Coinbase.

A crucial upcoming development that could propel SOL's growth is the potential passage of stablecoin-related legislation in the US, although its timing is uncertain. Austin Federa, Solana Foundation's strategy head, recently asked crypto-friendly politician Bill Haggerty in an interview about this matter. Unfortunately, Haggerty's response suggested that the regulatory approval process would be prolonged due to ongoing Democratic opposition in the Senate despite widespread bipartisan support. This delay may be why major SOL stakeholders have been increasing their financial backing of Republican candidates.

The outlook for Solana over the next eight months is quite eventful. With Fire Dancer on the horizon, followed by the pivotal Breakpoint event, upcoming stablecoin regulatory developments (should the Republicans prevail in the November elections), and a potential ETF launch early next year (again, contingent on a Republican win), the path is paved for SOL to potentially reach the $1000 mark before the crypto market's bull run concludes. However, achieving this feat will hinge on various external factors beyond Solana's control falling into place.

Solana Challenges

One of the primary obstacles facing Solana is regulatory issues. Despite the optimism around stablecoin payments, the negative impact of the Jump Crypto CFTC investigation cannot be ignored. If the legal proceedings escalate to the point where Jump is forced to reduce its involvement in the cryptocurrency sector, it could have significant consequences. This scenario is not merely a matter of speculation.

The leader of Jump's crypto business resigned recently. If a major company within the Solana network reduces its operations, it could considerably delay the progress of Fire Dancer and similar projects. The Securities and Exchange Commission's (SEC) continued examination of Solana as a financial asset is expected to persist for the foreseeable future. Moreover, if the Democratic party gains control of Congress in the upcoming election, Solana can likely expect even more rigorous oversight.

Solana faces a second hurdle: stiff competition. With its impressive speed, it's easy to overlook that it's not the only high-performance Layer 1 blockchain on the scene. Rivals like Aptos and Sui, dubbed "Solana killers," are rapidly gaining traction in the Layer 1 space. Anatoly has publicly expressed concerns about these projects' threats, and for good reason. The technology behind Aptos and Sui has been years in the making, originating from Facebook's Libra project, underscoring the significant resources and expertise behind these emerging competitors.

In any case, Aptos and Sui possess a dual advantage, boasting cutting-edge technology and established connections. Furthermore, developers have found the Move programming language highly accessible and easy to work with. Although Aptos and Sui have not yet reached the same level of adoption as Solana, any technical glitches experienced by Solana could prompt a mass exodus, similar to how alternative platforms gained traction when Ethereum's high gas fees became prohibitively expensive.

This leads to the third hurdle, namely development complexity. Solana's developers, including Anatoly, often joke that building on Solana is as painful as "chewing on glass," making it precarious when rival platforms offer seemingly effortless coding experiences. A notable example is Soulend, formerly one of Solana's most prominent DeFi protocols, which has opted to deploy on Sui as Suilend. While this doesn't imply that Solend has completely abandoned Solana, it does suggest that developers and projects within the Solana ecosystem are actively exploring alternative blockchain options.

The Bottom Line 

Despite everything mentioned, Solana stands out as a leading cryptocurrency project, and its native coin, SOL, is expected to achieve significant growth in the near future. If Solana successfully tackles its obstacles and achieves its milestones, SOL could pleasantly surprise investors. Many experts in the crypto space share this sentiment, predicting that Solana will be among the top-performing large-cap cryptocurrencies. 

Some believe that SOL may even lead the pack regarding percentage gains, which could positively impact the altcoins within the Solana ecosystem. They may also witness substantial gains compared to their counterparts, potentially leading to impressive growth.

Many will know that Markethive’s token, Hivecoin (HVC), has been successfully integrated into the Solana blockchain. Solana stands out as the only blockchain capable of meeting the massive demands of Markethive's decentralized social market broadcasting network, which generates ever-increasing amounts of data and content. Other blockchains lack the technological capabilities to support an application of this scale and complexity.

Projects like Markethive that have pioneered a specific field and offer genuine utility to the broader community possess a unique advantage. Markethive belongs to the category of first movers and provides a wide range of practical applications, enabling it to gain a significant portion of the market. 

Leveraging Solana's technology, Markethive is well-positioned to become the premier choice for a decentralized, uncensored platform that integrates all aspects of social media, marketing, broadcasting, publishing, eCommerce, and business facilitation thereby creating a thriving entrepreneurial ecosystem for individuals from all backgrounds. 

This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

 


 

Editor and Chief Markethive: Deb Williams. (Australia) I thrive on progress and champion freedom of speech.  I embrace "Change" with a passion, and my purpose in life is to enlighten people to accept and move forward with enthusiasm. Find me at my Markethive Profile Page | My Twitter Account | and my LinkedIn Profile.

 

 

 

 

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