NairaStrength
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"Unlocking Naira's Potential: A Journey of Strength and Regulation 🚀🇳🇬"
Let's dive into the fascinating world of the Naira! 🇳🇬 In recent days, the Naira has been flexing its muscles against the US Dollar 💵, with the USDT/NGN pair showing signs of Naira gaining strength. Forming a new lower low at 1590 is a promising indicator of potential growth. It's a breath of fresh air to witness the Naira gearing up for gains, especially after a challenging year. Let's hope this trend continues, and the Naira keeps gaining strength like a champion!
As for the regulation of crypto in Nigeria, has it made any difference? 🤔 Well, it's an interesting question. While the regulatory landscape may have its complexities, some argue that it has provided a level of stability and legitimacy to the crypto market in Nigeria. Others believe that more clarity and progressive regulations could further boost the growth and adoption of cryptocurrencies in the country. It's a nuanced issue that requires ongoing observation and analysis. 📈 #NairaStrength #CryptoRegulation #Nigeria 🌟
Let's dive into the fascinating world of the Naira! 🇳🇬 In recent days, the Naira has been flexing its muscles against the US Dollar 💵, with the USDT/NGN pair showing signs of Naira gaining strength. Forming a new lower low at 1590 is a promising indicator of potential growth. It's a breath of fresh air to witness the Naira gearing up for gains, especially after a challenging year. Let's hope this trend continues, and the Naira keeps gaining strength like a champion!
As for the regulation of crypto in Nigeria, has it made any difference? 🤔 Well, it's an interesting question. While the regulatory landscape may have its complexities, some argue that it has provided a level of stability and legitimacy to the crypto market in Nigeria. Others believe that more clarity and progressive regulations could further boost the growth and adoption of cryptocurrencies in the country. It's a nuanced issue that requires ongoing observation and analysis. 📈 #NairaStrength #CryptoRegulation #Nigeria 🌟
Bitcoin Vs Cedis
Did you know bitcoin has already broken the all time high in Ghana cedis..
Yes it has. And even more.
You may be thinking how ?
But here it is important to understand why you should only save in bitcoin and not in the banks or in any fiat currency.
Bitcoin all time high was - 69,000 on November 10th, 2021
That’s high right.
Let’s do little maths.
On November 10th. The cedis was 6.15 to the dollar. So if you had got one bitcoin. It was worth
6.15 x 69,000 dollars = 424,350 cedis
Today. Bitcoin at $61,400
And the dollar to cedis rate doubled at 12.98
You’d have to buy one bitcoin at.
*12.98 x 61,400 = 796,972cedis*
So let’s say.
You kept your bitcoin at all time high. And never sold until now. Even with the loss of 9,000 dollars.
You have still earned more in Ghana cedis.
Than keeping on to your 500,000 cedis in the bank as savings.
Now let’s say your friends think you were stupid to buy this internet money at 69,000 dollars with your 440,000 cedis
And today it’s 61,400 and they feeling wiser
Show them how much it’s worth in cedis now.
Bitcoin has broken a whole lots of all time highs in many currencies. Except the dollar. And probably in 68 days. It may break the dollar all time high- or bitcoin may do what bitcoin does. ( unpredictable)
#BTC #Gh #cedi #Naira #NairaStrength
Did you know bitcoin has already broken the all time high in Ghana cedis..
Yes it has. And even more.
You may be thinking how ?
But here it is important to understand why you should only save in bitcoin and not in the banks or in any fiat currency.
Bitcoin all time high was - 69,000 on November 10th, 2021
That’s high right.
Let’s do little maths.
On November 10th. The cedis was 6.15 to the dollar. So if you had got one bitcoin. It was worth
6.15 x 69,000 dollars = 424,350 cedis
Today. Bitcoin at $61,400
And the dollar to cedis rate doubled at 12.98
You’d have to buy one bitcoin at.
*12.98 x 61,400 = 796,972cedis*
So let’s say.
You kept your bitcoin at all time high. And never sold until now. Even with the loss of 9,000 dollars.
You have still earned more in Ghana cedis.
Than keeping on to your 500,000 cedis in the bank as savings.
Now let’s say your friends think you were stupid to buy this internet money at 69,000 dollars with your 440,000 cedis
And today it’s 61,400 and they feeling wiser
Show them how much it’s worth in cedis now.
Bitcoin has broken a whole lots of all time highs in many currencies. Except the dollar. And probably in 68 days. It may break the dollar all time high- or bitcoin may do what bitcoin does. ( unpredictable)
#BTC #Gh #cedi #Naira #NairaStrength
TECHNICAL ANALYSIS ON NAIRA
Naira forming a new lower low at 1476.29 is a good sign that naira will keep gaining strength over time.
Next stop is 1372.62 which will happen soon and as soon as it breaks the 1372.62 support then 959.59 is in sight
I think Nigerians should rejoice, me personally I am rejoicing.
#HotTrends #NairaStrength #Naira #NigeriaVsBinance #NigerianTraders
Naira forming a new lower low at 1476.29 is a good sign that naira will keep gaining strength over time.
Next stop is 1372.62 which will happen soon and as soon as it breaks the 1372.62 support then 959.59 is in sight
I think Nigerians should rejoice, me personally I am rejoicing.
#HotTrends #NairaStrength #Naira #NigeriaVsBinance #NigerianTraders