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Likelihood Of Obtaining A Million Dollar Portfolio Increased With Uniglo (GLO), The Graph (GRT), And Amp (AMP)

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Likelihood Of Obtaining A Million Dollar Portfolio Increased With Uniglo (GLO), The Graph (GRT), And Amp (AMP)

Is it still possible to make millions with cryptocurrency? If we look at the state of the market today in isolation, the answer appears to be no.

But if we take a step back and assess the many ups and downs of the crypto market over the past decade, we can see that the market is always able to recover.

Building a million dollar investment portfolio does not happen quickly for most people, especially for those with little to no investing experience. But as the market recovers, investors of all sorts of backgrounds and levels of experience can make incremental gains to enhance their profits.

So which tokens can help increase your investment portfolio? We rounded up three of the cryptocurrencies that we think could give your portfolio the boost it needs to reach the million dollar mark.

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Uniglo (GLO)

Uniglo is a relatively new player, although it is already under the radar of whales and analysts. It also recently acquired a Know Your Customer (KYC) verification.

Uniglo is a decentralized finance (DeFi) project that offers two unique features: 1) an Ultra-Burn Mechanism and 2) a diversified asset backing. These two features will contribute toward strengthening the project’s native token GLO.

How can you increase your profits here? The Uniglo project can help you obtain a million dollar portfolio by accumulating gains from its GLO token as well as benefiting from the appreciation of assets owned by the Uniglo community.

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The Graph (GRT)

You can also learn more about The Graph, which is a decentralized protocol that implements an indexing and querying system for various blockchain data. Basically, it offers a service akin to that of the Google search engine but it indexes and returns data from the various blockchains. The Graph has strong potential to lend support to DeFi and the wider Web3 landscape. As such, its GRT token is projected to reach $0.30 by the end of the year and $0.67 by the end of 2023. Currently, it is trading at $0.13.

Amp (AMP)

Lastly, The Amp can also help increase your gains. This platform supports the collateralization of asset transfers. Users can stake its token AMP to guarantee various value exchanges. The Amp describes itself as “asset-agnostic,” which means it does not discriminate against any kind of asset or transfer. AMP can be used to secure transactions whether the transfer is digital or physical. The platform also aims to provide an easy-to-use interface for instant and verifiable collateralization. With a highly practical function, analysts predict the price of AMP to soar in the coming months and years.

Final thought

Becoming a millionaire overnight may have happened for a select few in the early days of crypto. Today, however, becoming a millionaire may take some time and requires an eye for seeing potential in specific digital assets. With the three cryptos we listed above, you could bring your portfolio many steps closer to the million dollar mark.

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Find Out More Here:

Join Presale: https://presale.uniglo.io/register

Website: https://uniglo.io

Telegram: https://t.me/GloFoundation

Discord: https://discord.gg/a38KRnjQvW

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Twitter: https://twitter.com/GloFoundation1

The post Likelihood of Obtaining a Million Dollar Portfolio Increased with Uniglo (GLO), The Graph (GRT), and Amp (AMP) appeared first on .

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Bankruptcy

German Crypto Exchange Nuri Files For Insolvency

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German Crypto Exchange Nuri Files For Insolvency

Cryptocurrency exchange Nuri has filed for insolvency, reportedly becoming Germany’s first fintech to take the step in a challenging year for startups in the industry. Customer access to the platform’s services and their funds will not be affected, the company assured.

Crypto Exchange Cites ‘Lasting Strain on Liquidity’ as Reason for Insolvency Filing

Berlin-based crypto exchange Nuri, formerly Bitwala, has filed for bankruptcy with a court in the German capital. The company made the move on Tuesday, Aug. 9, after unsuccessful attempts to secure a new financing round, the business newspaper Handelsblatt reported, noting that Nuri is the first German fintech to file for insolvency due to the latest crypto market slump.

In a statement, the exchange remarked that 2022 has been a challenging year for startups, especially those working with financial technologies, due to the effects of the Covid-19 pandemic, political uncertainties and most recently, Russia’s military invasion of Ukraine.

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In addition, negative developments in the crypto space, including major sell-offs, the implosion of the Terra/Luna protocol, and the insolvency of Celsius and other crypto funds have led to a bear market, Nuri said, explaining:

We proceeded with the filling in due time to stay ahead of a lasting strain on the liquidity of our business.

Nuri Clients to Deposit and Withdraw Without Restrictions

The coin trading platform insisted that the filing will not affect its products and services, clients’ funds or investments. Customers will continue to have unimpeded access to their accounts and be able to deposit or withdraw all funds at any time, thanks to a partnership with Solarisbank. This applies to both cryptocurrency holdings and euro deposits.

The crypto exchange also emphasized it remains confident that the temporary insolvency proceedings offer a basis for developing and implementing a long-term restructuring plan. Nuri launched in 2015 and for a few years, until the rebranding in 2021, operated under the name Bitwala.

“This step became necessary to ensure the safest path forward for all our customers,” the company reiterated, and promised its team will do everything possible to ensure that its products and services continue to serve present and future customers.

Tags in this story

Bankruptcy, Bitwala, Crypto, crypto exchange, crypto market, Cryptocurrencies, Cryptocurrency, downturn, Exchange, filing, german, Germany, Insolvency, market, Nuri, Slump, trading platform

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Do you expect other German crypto companies to file for insolvency? Let us know in the comments section below.

Lubomir Tassev

Lubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchens’s quote: “Being a writer is what I am, rather than what I do.” Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration.

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Image Credits: Shutterstock, Pixabay, Wiki Commons, P365

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Cryptocurrency

How To Make Money From Ethereum Name Service?

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How To Make Money From Ethereum Name Service?

Learn how you can use ENS to become rich

We all love to reap the benefits of advanced technologies, but anyone hardly ever wants to deal with the technical complexities that come with them. To search for websites and URLs, just as DNS was created to make the numbered address easier for human access, similarly, ENS is a protocol that links machine-generated codes to human-friendly names.

A crypto wallet user still can’t send or receive digital assets by simply typing in another user’s name. This practice might change though thanks to the rise of Ethereum Name Service (ENS), a blockchain-powered service that recently registered its one millionth domain name. Currently, there are more than one million active ENS domains, and thousands of new domains are being registered through the platform daily. ENS domains that consist of four digits or fewer are the most popular, likely due to their rarity. Only 10,000 of these exist, and they sold out within six hours of their release. Some have recently sold on secondary for amounts up to 90 ETH (about $255,000).

The system has been going for a few years and was even funded by Ethereum itself. But while the Ethereum Name Service is based on the Ethereum blockchain, it doesn’t only use Ether. You can send and receive pretty much any kind of cryptocurrency with the system’s wallets, although the service’s annual fees are payable in Ether. The system’s own token, ENS, is only used for governance purposes at present. It is only recently, though, that ENS has been available on the open market, which makes an Ethereum Name Service price prediction tricky, because there is fewer data to go on, meaning less of a percentage time frame to transfer forward.

According to the ENS technical documentation, the naming system was developed to “map human-readable names like alice.eth to machine-readable identifiers such as Ethereum addresses, other cryptocurrency addresses, content hashes, and metadata”.

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Even though past performance is never any indication of future results, especially when there is relatively little to go on, if we are trying to estimate the coin’s future worth then the Ethereum Name Service price history is still worth looking at to see how ENS has responded to various market activities over the past few months. The Ethereum Name Service coin has been trading openly since the end of 2021. When it came out on 9 November that year it was worth $33.66 and, even though it fell to an intraday low of $22.92, it rebounded to close the day at $43.66.

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Degrain (DGRN) Continues To Thrive In Bear Market, Outshines Litecoin(LTC) And Polkadot(DOT)

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Degrain (DGRN) Continues To Thrive In Bear Market, Outshines Litecoin(LTC) And Polkadot(DOT)

In this article, we examine why the coin on the block, Degrain, has been thriving while Litecoin and Polkadot have been struggling.

The bear market has been quite rough this year, and many tokens have not been spared from the onslaught. Some have crashed like Luna, and others that remain afloat have fallen more than 50% from their previous all-time highs.

Among those tokens that have taken a hit are Litecoin (LTC) and Polkadot (DOT), two currencies that have had a good run since their launch. In this article, we examine why the newest coin on the block, Degrain (DGRN), has been thriving while Litecoin (LTC) and Polkadot (DOT) have been struggling.

Litecoin (LTC): Investors are still waiting for a proper signal

Litecoin (LTC) is currently down more than 85% from its all-time high of $412.96 a year ago, but investors have hopes that there will be a pump soon. Litecoin (LTC) was created to provide fast, secure, and low-cost payments.

In recent weeks, the volume of the Litecoin (LTC) token has increased, and it has also caused an increase in volatility. It has made those waiting on it extra bullish, but experts say Litecoin (LTC)  is too soon to tell whether it is rallying for a pump or quick fall and have urged traders to wait patiently for a proper indication.

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Polkadot (DOT): May be a good term long-term investment

Polkadot (DOT) is an open-source, sharded multichain protocol that connects and secures a network of specialized blockchains, enabling the cross-chain transfer of any data or assets, including tokens.

This important feature allows blockchains to be interoperable with each other, which is why many refer to Polkadot (DOT) as a decentralized internet of blockchains i.e. web3. Many experts believe Polkadot (DOT) can make a good long-term investment because of the knowledgeable team backing it.

They have predicted Polkadot (DOT) to rise to $14 this year and have claimed there could even be a further increase in 2023, but will the bear market allow this?

Degrain (DGRN) is the native currency for Degrain’s upcoming cross-chain NFT marketplace. It aims to work with real-world companies and distribute platform revenue to investors and token stakers – something that analysts have praised. It is currently in Phase Two of its presale and is certainly a worthy investment in our eyes.

Degrain (DGRN) has already passed its audit and with liquidity being locked for 10 years, it has ambitious plans to become a dominating protocol within the cryptocurrency industry.

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The token is currently trading for $0.085, however, we strongly believe that it could see a rise to $0.55 (~7,000%) by the end of 2022 or early 2023, once the presale ends.

Website: https://degrain.io

Presale: https://presale.degrain.io

Telegram: https://t.me/degrainio

Twitter: https://twitter.com/degrainio

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The post Degrain (DGRN) Continues To Thrive in Bear Market, Outshines Litecoin(LTC) and Polkadot(DOT) appeared first on .

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