CoinClub
@CoinClub
Crypto & Web3 analyst • Content creator and social media influencer X @Ordin4ls • Providing crypto, web3 market updates and analysis.
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The advantages of investing in Solana, Cardano, Ripple, Polygon, Avalanche, and scapesmania
The advantages of investing in #sol , Cardano, Ripple, Polygon, Avalanche, and ScapesMania are as follows:Solana ($SOL ):Offers exceptional speed and scalability, making it an attractive option for decentralized applications and NFTs.Achieved historic trading volumes, indicating bullish sentiment.Cardano ($ADA ):Emphasizes security and sustainability, making it a popular choice for projects requiring high levels of security.Navigates market volatility with its innovative approach and technologic
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The most popular cryptocurrencies to invest in 2024
According to various #cryptonews sources, the most popular cryptocurrencies to invest in for January 2024 are #BTC , Ethereum, Solana, Chainlink, Polygon, Avalanche, VeChain, and Arbitrum.These #Cryptocurrencies are expected to perform well due to the growing interest of institutional investors, the evolution of blockchain technology, and the increasing use cases and global adoption of cryptocurrencies by regular users. Other sources suggest that the top 5 cryptocurrencies in 2023 are $BTC , $E
Would you ever join an early new revolutionary meme token presale?
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Grayscale Takes Sizeable Risk in Bitcoin ETF Race, While Bitwise Claims Unbeatable Low Fees
Grayscale Investments is taking a significant risk in the Bitcoin #etf race by planning to convert its $27 billion GBTC Bitcoin Trust into an ETF, with a fee of 1.5% upon conversion, down from the current 2%.This move comes as a fee war breaks out among asset managers racing to launch the first U.S. spot #BTC ETFs, with several other providers, such as ARK Investment Management, Fidelity, and Invesco, also planning to charge fees of less than 1%.Grayscale is facing competition from heavyweight
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Shibarium to burn 9T $SHIB tokens in January 2024
Shibarium, the layer-2 network for Shiba Inu ($SHIB ), is set to start burning #SHIB tokens from January 2024 onwards. The burned tokens will be sent to a dead wallet, never to be recovered again. The burning process will be automatic and will be triggered after the network collects a total of $25,000 in fees from users. 70% of the fees will be used to burn SHIB, while the remaining 30% will be allocated to maintain the network says #CoinClub . The aim of the token burning is to reduce the circ
Spot Bitcoin ETF Prospects Brighten with Amended S-1 Form Submissions
Several asset managers, including BlackRock, Ark Invest, VanEck, and others, have filed amended Form S-1s with the U.S. Securities and Exchange Commission (SEC) in the final step toward potential approval of a spot Bitcoin exchange-traded fund (#etf ). The amended filings include details such as sponsor fees and the identities of market makers, which are essential for the SEC's consideration. While the filings indicate a significant push for the approval of spot #BTC ETFs, it's important to not
SEC: FOMO Warning Echoes Ahead of Bitcoin ETF Decision
The U.S. Securities and Exchange Commission (SEC) is on the brink of approving a spot #bitcoin ETF after 10 years of failed applications.Multiple asset managers have applied for permission to launch spot bitcoin ETFs since 2013, but the SEC has rejected them, arguing that the products could not be approved due to various concerns.However, industry watchers and analysts are mixed on what will happen in the #crypto market if approval is granted.Some of the key points to consider ahead of the dec
Strategies to overcome unit bias in crypto investing
One strategy to overcome unit bias in #crypto investing is to look beyond the price of a digital asset and consider its market cap. Buying cheaply priced #Cryptocurrencies may seem like a good idea, but it is important to evaluate assets on their merits, including their tokenomics, developer team, originality, liquidity, and circulating supply.Another strategy is to buy fractional shares of a cryptocurrency through exchange-traded funds (#etf ), which can make exposure more affordable and acce
What is unit bias in crypto investments
Unit bias in #crypto investments refers to the psychological phenomenon where investors prefer owning complete units of an asset, such as a whole Bitcoin, over fractional shares. This bias can deter potential investors, especially when the price of a whole #BTC is high, as it may make them feel dissuaded from purchasing these assets if they cannot afford a full coin. As a result, investors may be more inclined to buy #Cryptocurrencies with lower prices, even though the lower price point is no
VanEck Adviser: Bitcoin ETFs Pioneer Solution to Overcoming Unit Bias in Crypto Investments
VanEck advisor Gabor Gurbacs has highlighted the "unit bias" psychology, which makes investors feel more satisfied when owning an entire asset rather than just a fraction, particularly with #BTC . He suggests that Bitcoin exchange-traded funds (#etf s) are a solution to this challenge. The price of one whole Bitcoin can deter potential investors who are hesitant to buy only a fraction, and ETFs can allow fractional ownership, thus overcoming this barrier. Gurbacs argues that biases represent one
How do Spot Bitcoin ETFs compare to investing in Bitcoin directly
Spot Bitcoin #etf and investing in Bitcoin directly have some differences, which can impact the investment experience and suitability for various investors:Accessibility: Spot #Bitcoin ETFs are more accessible to a broader range of investors, as they lower the barriers to entry by eliminating the need to manage wallets, navigate online crypto exchanges, or deal with private and public keys.Investing in Bitcoin directly requires managing these aspects, which can be daunting for some investors.Co
How do Spot Bitcoin ETFs differ from other cryptocurrency investments
Spot #BTC ETFs differ from other cryptocurrency investments in that they directly hold Bitcoin as an underlying asset and track its prices, while other cryptocurrency investments may use financial instruments like futures contracts to replicate the price of Bitcoin.When investors buy shares of a spot Bitcoin #etf , they are buying a piece of the fund's portfolio of Bitcoin, and the price of the investors' spot ETF is directly tied to the price of Bitcoin.This direct ownership of #Bitcoin makes
What are the benefits of investing in a Spot Bitcoin ETF
Investing in a spot #Bitcoin ETF offers several benefits, including:Convenience and Accessibility: Spot Bitcoin ETFs provide an accessible way for a broader range of investors to gain exposure to the cryptocurrency market, lowering the barriers to entry and eliminating the need to manage wallets or navigate online #crypto exchanges.Reduced Premiums and Liquidity Enhancement: Some argue that a spot Bitcoin ETF could reduce the premium that institutional investors pay and enhance the liquidity o
BlackRock Allocates $2 Billion for Launch of Spot Bitcoin ETF
BlackRock, the world's largest asset manager, has reportedly allocated $2 billion for its spot #BTC ETF launch within days of its announcement.The #etf is part of a broader effort to gain exposure to the cryptocurrency market without having to buy the currency directly. BlackRock is among 14 asset managers hoping to win the U.S. Securities and Exchange Commission's (SEC) approval for spot Bitcoin ETFs, which would track the market price of the underlying #crypto asset.Key points about the laun