Steemit Crypto Academy contest |S14W6 | Future of Cryptocurrencies

in hive-108451 •  10 months ago 

Helloo everyone

I hope everyone is doing well and thankful for the blessings of Allah Almighty. There is a great contest going on here in this lovely community of mine and the most important and great cryptocurrency contest here. It is running its sixth week of Season 14 and it is indeed a very exciting competition that I have come to participate in and what the future of Cryptocurrency in 2024 is all about. It's going to be a great year and here's a great time to come because we all know that the new time is going to be cryptocurrency and the future is bright without delay in our beloved community. Yes, I would like to participate in the competition.
SteemitCryptoAcademy

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Which cripto currency under $1 can have the best performance in 2024 ? Choose a Crypto currency by its fundamental analysis . Would you recommend buying this Cryptocurrency ?

There is no doubt that due to the inherent volatility in the cryptocurrency market, we know that in the year 2024, predicting which coin will remain below the $1. It is very difficult to assess what it is, but we also know that cryptocurrency has its own rules and what is according to these rules or what we know from these rules will help us in particular. So all of these things are just my opinion and I wouldn't risk any of them or use them as my own analysis.

Polygon Matic

There is no doubt that most people are aware that Polygon is a scaling solution for the Ethereum blockchain that aims to overcome the high transaction and fee and overhead burden of the Ethereum blockchain, meaning that it Few remain burdened with notable projects like Disney's Metaverse and Centralland. Its future is bright.

Moreover, the increase in Defi and NFT activity on Ethereum and Polygon's transactions and their activities indicate a very cheap and fast way, and cheap transactions create a lot of demand. And it's got a really great and strong staff and a great kind of community, which means all of the things that it's got, and a great kind of community that's all of those things that it's all about. I make choices and this is probably the reason why I make the best choices.

Stellar XlM

Stellar is primarily about payments and financial inclusion, its instant payments and transactions and short turnaround time make it even more attractive and perfect for international level MoneyGram users and their institutions. Their partnership with Jo's establishes a strong bond which means it proves to be very strong for it and gives a brighter future for this Taylor's who is growing business and transactions and other frontiers.

What is more for cross-border transactions and business and cross-border bank transactions can be significant and proven, while there are some concerns that should also be taken into account in the regulatory uncertainty of cross-border cryptocurrency transactions. Along with this, guaranteeing alternative payments is also very important and competition in the alternative payment system is also very important.

Cardano ADA

There is no doubt that the most attractive and the best third cryptocurrency in the new year is Ada and there is no doubt that it is one of the best platform coins. Dawn's platform implements a Proof-of-Stake POS consensus process to achieve optimal functionality and we know that it is a smart contract, and due to its unique smart contract, Defi and NF.

T can be an excellent subject for applications and to enhance the usability of the new Vessel Al Hard Fork and Car Dons and it has additional developer potential. Also executes and completes the process that can lead to its success. can lead to.

My choice and Recommendation

If I speak, I will strongly support Matic Coin for the new coming year, the most important thing is Polygon and Proof of Stake and sidechain and scalability transaction speed to Ethereum. In a particular transaction, it means that it challenges it in the transaction and an application in it attracts d-apps to low-cost consumers, meaning that it grabs their attention and makes them One of the main points I want to tell you is that I'm tired of what I'm trying to get the attention of.

Engaging NFTS and Defi Gaming and other applications like Decentraland and Disney Metaverse and Circle USDC and the growing acceptance in this platform means it's becoming more and more popular, so to speak. Will definitely tell friends about this coin as far as my popularity is concerned I like it very much and will recommend it to a lot of people to keep it for a long time for years to come.

I can give you maximum profit and hold this coin for long term but I will tell you what it is before recommending you to invest in it and Experience it while investing and do your own research to find out.

Provide the step-by-step to buy the selected cryptocurrency Show screenshot

As I have already mentioned above that I love Matic Koi and we can find it on many exchanges around the world and it is available there and to make this work a reality I I have chosen binance exchange which has a lot of capital and I have a lot of USDT in my wallet which will help me first step open binance exchange and go to spot then search bar search matic search coin And then you'll find that I didn't have any metrics, then select the crypto pair that you want to trade in, so let's select it and look at it through the screenshot. are

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    Screenshot take on binance

And after that you have to click the buy button and after that you have to put the amount that you want to buy in the amount you want to buy, you will put the amount of money option as I want to buy Matecoin and I will I am depositing as much money as I need to buy this coin and then until the order is confirmed, when I came back to spot wallet, the matic coins in my wallet were there, as you can see in the screenshot below.

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     Screenshot take on binance exchange

And you can see how easily we can buy the coin and I bought the coin and held it for a long time to get the maximum profit in it.

What is the future of STEEM in 2024 ? Give your own opinion you can project the price of STEEM making your own analysis.

There is no doubt that the cryptocurrency market is mostly unpredictable, we can never say whether the market will go up or down or we can never say whether the market will pump or dump. There is no doubt that we have to take into account various aspects. We cannot know the cryptocurrency market easily, but we can predict it through techniques and with the help of certain signals.

From us we can see what will be its next movement and with their help we can continue our activity. If we talk about Steem Token, we can't say anything personally and neither can we. Yes, we are optimistic. In 2024, we have no doubt that there is a lot of potential to grow as we are working hard on this platform and the number of workers it has.

They are going to work day and night on this project as they work hard and hopefully we will get a lot of good news in 2024 especially regarding coin.

If we talk about this year 2024 as we can know that till mid April which is Bitcoin will go higher and the way it is going we are seeing positive indicators that the market will be very strong in 2024. will go up and we can see that as the market is going up the overall market is moving towards a very bullish trend which indicates that the Steem token will have a positive trend and a And most importantly, we are working day and night to develop STEEM and positive steps are being taken to stabilize it so that it can grow further because we know that its improvement.

I am the good of people and these things can be very helpful in its development because we know that many new investors are entering it and many investors who are with new new techniques. are getting into it and attracting people and I can expect that in 2024 SteemCoin will go much higher than what it is.

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  Screenshot take tradingview app

Moving on to technical analysis you can see this picture above I have created a picture of the market trends by using some technical analysis tools like spot and resistance and knowing the previous technique by looking at the previous record and predicting the market. and what is currently in the market range phase means that we can clearly say that the market will now move further upwards towards a positive index and in the near future it will reverse the current trends of the market.

Given that we are seeing that this market is going to move higher after taking a few stands and breaking out of the resistance level, so I am expecting that the next The price of Steem will touch very high in the year and this is proof of its bright future. I'll invite you, you won't know until you bring it to market.

Is the future of cryptocurrencies promising ? Explain. Show date of the adoption of cryptocurrencies in the world. Give your own opinion.

There is no doubt that cryptocurrency is a very interesting and complex topic that we can talk about that we cannot clearly argue about and we can talk about important issues and Can believe the promise We should keep everything in mind before entering the market that there are many important things that if we manage to keep in mind then we can achieve success because for us in this There are some positives and some negatives and we discuss the negatives and positives below.

Positive aspects

Blockchain technology as we know it, the basis of cryptocurrencies, revolutionizes things like finance and supply chain and voting systems, can attract and enhance transparency and trust, and all of these voting systems. By revolutionizing what is best and improving the performance of trust and security, these things can be adopted.

Provides access that traditional banking or institutions do not provide Fewer transactions Smaller payments become more affordable Especially as we know all this becomes possible when working across borders and not in the crypto field. With the application and in the future it can perform more positive and more people-friendly so we can know that all these steps are the arguments for the bright future of cryptocurrencies and that attract people and All these things that can take cryptocurrency matters to the top.

Negative Aspacts

There are some important challenges that we must consider: Cryptocurrency can be a volatile and volatile market in which we can be prone to fraud as the market moves up and down rapidly. If prices go down or prices fall too quickly or there are activities that could take place that could prove dangerous to us, the way the market goes down and many investors and Many traders who happen to lose their deposits means that they incur huge losses and the market becomes bearish in which we see negative signals and the market goes downwards.

There is a lot of loss that people have to bear and a lot of loss that they don't want to take because they don't have any other option, so all these things go towards a negative index. And the thing is, the regulatory systems that govern cryptocurrencies are still being introduced, so there's a lot of constraints on resources and the broader potential that we know governments can set.

There are barriers to the development of two currencies, especially those from a proof-of-work and technological perspective, as there is a lot of energy that goes into them, which raises questions about their environmental viability.

Talking about the adoption...

We know that the adoption of cryptocurrency plays an important role in the overall hit and take the market to the top. Is doing that means 96% of the world is not using cryptocurrencies and that's a long time ago but it's been a few years now and it's growing very fast and more. As time goes on, the trend of people is increasing towards this and people who are, are getting down to what they are, and this is the argument for the bright future of cryptocurrency.

Yes, we know that what is in it, what is the future of cryptocurrency, what is the bright future, the trends in the cryptocurrency ecosystem and the trend of people and the benefits of people, which is increasing day by day. has been and what is more people are getting a lot of benefits and we can know that in the next few years crypto currency will become the guarantee of a brighter future because in the next few years crypto currency may be.

As the world is developing rapidly, the cryptocurrency may disappear from the world and the system and business of the whole world may be available on cryptocurrency. Not that the sound of cryptocurrency is more proof that it is growing rapidly.

Conclusions

There is no doubt that cryptocurrency is increasing day by day and the trend of people is increasing rapidly. This is a really important step in my opinion, XLM AdA and Matic are the coins that will make good progress in the next few years and will trend much faster as far as Steem Tokens are concerned. Maybe in the next few years we will get clear evidence and clear examples of this because as it is going towards rapid development, we will see positive signs of it in the next year and very fast. And much progress was made.

Here in this contest I will invite some of my very dear friends to participate in it
[ Professor @kouba01 ] [ Professor @pelon53 ]@patjewell @tocho2 @chant @malikusman1 and @josepha

Regard
@shabbir86

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Thank you, friend!
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It's awesome I'm glad to see someone else in my opinion that's the future of the currency would become something unique special powerful and very profitable in the nearest future. I must say you have really analyzed ecosystem and you chosed cryptocurrencies with very high potentials of meeting their new highest high in the period of Time.

There is no doubt that cryptocurrency is increasing day by day and the trend of people is increasing rapidly. This is a really important step in my opinion

One of the basic and most reliable reasons why cryptocurrency future is going to be very bright in the nearest distance or future. Therefore it is wise we grow together with the crypto technology before it comes too late for us all

Thank you very much for sharing, please you can check my own entry here

wishing you success

@starrchris
Thank you so much for your great and valueable comment

Greetings friend,
You are right, Cryptocurrency is definitely on the rise, and more and more people are jumping on the bandwagon. It is an exciting time. I totally agree with you that XLM, ADA, and MATIC are coins that have great potential for progress in the coming years and as for STEEM, it seems like they're headed for some exciting times too. With the rapid development and positive momentum, we can expect clear evidence and examples of success in the near future. It is all about progress, and the crypto world is moving forward at lightning speed.

@sahmie Thankyou so much for your valuable comment

You are welcome, the pleasure was all mine as I got to learn something new from your entry.

we talk about this year 2024 as we can know

that till mid April which is Bitcoin will go higher and the way it is going we are seeing positive indicators that the market will be very strong in 2024. will go up and

I have heard the same hopefully things will get better at the end of the April and for steemit as well

@shanza1 Thankyou so much for your comment

Thank you!
You have explained in detail how to analyze and then buy.
Crypto trading is exactly like trading any other share, yet so many people are scared of trading in crypto. Maybe it is because they don't understand crypto and that it is not touchable.

Good luck with the contest, and thank you for the invitation.

@patjewell
Thank you very much for reading this post and commenting on it because we know that this is a cryptocurrency risk that means nothing is possible without risk and we know sometimes up sometimes. Below is all risk involved trading for this and we know that what is really coming is the bright future of cryptocurrency.

Pleasure!☕

Greeting brother @shabbir86 your detailed analysis of potential cryptocurrencies under $1 for 2024. Your insights into Polygon (Matic) Stellar (XLM) and Cardano (ADA) are well-presented. It's evident that you've done your research and provided valuable information. Best of luck with your investment in Matic and i appreciate the step-by-step guide for purchasing it on Binance. Keep up the great work... 👍💼🚀