A Journey From NULL to NULS, Building From Nothing to the Unimaginable To the NULS neighbourhood: Good day, NULSer Because NULS is commemorating its sixth anniversary today, NULS wishes you all a fantastic year! Given how quickly the blockchain sector could change, six years is a very long path. For a project with a clear, long-term vision, the previous six years were just the start of another epic trip. Introduction of NULS The word "NULL" is derived from the project name "NULS" in programming, signifying that our team was created from nothing. From "NULL" to "NULS": In the blockchain world, "NULL" stands for nothing or empty space, and "NULS" stands for anything you could possibly want. In 2017, the term NULS was first coined on this day. As you look at the NULS logo, you will see that it resembles a modification of the symbol, which stands for our Ultima vision for the NULS project, which includes limitless potential for growth, ceaseless research, and radical innovation. The original goal of NULS was to simplify blockchain, and over the past six years, we have been steadfastly working towards that goal. A General Summary The NULS blockchain has steadily advanced and has been operating steadily for more than 5 years with a dApp ecosystem that is constantly being added to. Currently, the #NULS mainnet has 4,026 smart contracts implemented with over 200,000 lines of open-source code provided by developers from around the world, over 9,000 daily transactions (Tx), and over 430,000 NULS addresses. More than 50 decentralised applications are hosted by the NULS ecosystem. Although we have reached some development milestones, we still see ourselves as a small company. NULS is not financially competitive when compared to other new public chains that are currently receiving significant financial support, but the company is constantly working to achieve its mission of bringing blockchain applications into everyday life. The logo for 2024 Outlook NULS symbolises the endless possibilities. To strengthen our support for and cooperation with ecosystem projects in the upcoming year, we will be concentrating on the following factors: The Importance of Basic Stability and Security To ensure the network's security and stability, we will further optimise the NULS core modules, strengthen cross-chain asset communication, boost safeguards, and improve network stability and NVM performance. Making Easy-to-Use Tools for Ecosystem Builders & Users While simultaneously providing safe asset management procedures and tools for projects, we will keep improving and supporting NULS/ENULS multi-signature wallet management solutions. In order to give customers a better perspective of on-chain data, we'll be heavily promoting infrastructure protocols, enhancing Public-Service API capability, offering richer data interfaces, and streamlining the NULS browser module. More Projects Being Deployed on #POCM We will aid promising early-stage companies by offering them initial cash, financial guidance, marketing support, and community-building assistance through NULS POCM. For mutual benefit, we'll be bringing additional top-notch projects into the POCM ecosystem. Foundation for Ecosystems is established To encourage great ecosystem projects and increase the liquidity for NULS assets on/off the chains, we'll create ecosystem funds. Supporting Infrastructure Tools of the NULS Ecosystem Tools for blockchain infrastructure, such #NerveNetwork , #Nabox , and Nulswap, are essential. To assist users in settling in and enabling parallel chain networks built on the NULS framework, we'll concentrate on supporting key technologies within the ecosystem. We think NULS has the ability to grow in the future, just as other EVM blockchains and Cosmos SDK, by developing its parallel chains. EVM-dApps Attraction for ENULS Ecosystem Since #ENULS is an EVM-compatible parallel chain of NULS, it will continue to draw EVM projects for parallel deployment, expanding the diverse NULS ecosystem's use cases and applications while also securing more NULS assets in liquidity pools. With these practical steps, we anticipate building a stronger base and glistening brightly when the next bull market hits and customers pour into our ecosystem. We want to thank everyone in our community once more for their commitment to progress, exploration, and developing alongside us! Participate in the anniversary promotion to win 10,000 NULS. Finally, NULS presents the 6-year anniversary campaign on Nabox ID, which includes a $10,000 $NULS Airdrop! To join, click the aforementioned Twitter link! Good fortune!

These 2 coins look very BULLISH!!! I have been checking the market for a while now and realized 2 coins are very much bullish. These coins already hit +80% RSI on hourly charts and also close to resistance but still shows more bulls. I encourage you monitor these currencies and be careful if you want to take trades, don't use high risk as they may respect the resistance zones. These coins are: #2. Bitcoin Cash (BCH): Currently around $230 but still look to go further to around $255 area. #1. LUNA2: This #crypto currency is currently around 0.5250 but still showing more strength to hit 0.7200. But beware of the strong resistance around the 0.5600 - 0.5700 area. Monitor these currencies. NOTE: Conduct proper analysis before you make any decision. APPLY PROPER RISK MANAGEMENT(very important)

Shiba Inu, the meme token that once saw a meteoric rise of 43,800,000% in 2021, has since experienced a sharp decline of 91% from its all-time high. While the idea of Shiba Inu reaching $1 may sound intriguing, it faces significant obstacles. Adoption and Volatility Challenges: Shiba Inu's value erosion can be attributed, in part, to the limited adoption of cryptocurrencies for everyday transactions due to their high volatility. For businesses, accepting such assets can disrupt cash flow management. This poses a challenge for Shiba Inu to become widely accepted as a means of payment. Investor Caution: Recent crypto industry failures and losses have made investors wary. Unlike traditional banks with insurance and government backing, the decentralized crypto world lacks such safety nets. This uncertainty discourages investment in speculative tokens like Shiba Inu. Mathematical Hurdles: Shiba Inu currently has 589.3 trillion tokens in circulation, with each valued at $0.000007. For it to reach $1, its market value would need to soar to a staggering $589.3 trillion. To put this in perspective, it's equivalent to the combined value of 203 Apple Inc., 23 U.S. economies, or 1.3 planet Earths in terms of wealth. Burning Tokens: To address this supply issue, the Shiba Inu community has initiated token "burning" efforts to remove tokens from circulation. However, to reach $1, the community would need to burn over 99.99998% of all tokens, amounting to more than 589.2 trillion tokens. At the current burn rate, it would take over 13,900 years to achieve this. Dilution of Value: Even if the community succeeds in burning the required tokens, the ecosystem's market value would remain at $4.6 billion. Investors would have to burn the vast majority of their own tokens, leading to fewer tokens at a higher price per token in their holdings. In summary, while there is a mathematical possibility for Shiba Inu to reach $1, it comes with monumental challenges and may not translate into financial gains for investors. The road to $1 is arduous, and its feasibility remains uncertain.

China’s Largest Polkadot Community Forced to Halt Operations PolkaWorld, Polkadot’s largest community in China, according to Wu Blockchain, has halted operations. PolkaWorld, which made the announcement on X (Twitter), points to OpenGov, Polkadot’s initiative aimed at furthering decentralized governance, as the driving factor behind the winding down of its operations. According to PolkaWorld, the introduction of OpenGov has rendered treasury management a “most controversial aspect” and has resulted in “long-term contributors and organizations” being “rejected by the treasury” - Many of which are now “leaving the Polkadot ecosystem”. In its announcement, PolkaWorld explained that the community is fearful of converting treasury funds into cash, presumably owing to supply pressure, and that it therefore tends to “vote against all proposals”. PolkaWorld concluded its message with a positive note, however: “We should take a more optimistic view of all these changes. OpenGov has its issues, but it's also an upgrade and optimization for Polkadot. We should adapt to ever-changing rules and guide the system onto the right path, rather than just walking away. Let's give it some time to see how it improves.” Polkadot Slammed by Founder from DOT Ecosystem Interestingly, PolkaWorld’s post was quoted above a 25-post thread posted by Markian Ivanichok - the founder of Polkadot ecosystem project, Brushfam. In the thread, Ivanichok explained the startup’s journey, beginning at a time when Polkadot was a “promising technology”. However, the founder quickly went on to voice his frustration with the state of the Polkadot ecosystem today. “With time it started to become quite obvious that there is no users, nor business understanding in @Polkadot. And our vision and values started to diverge… Naively enough we thoughts that we could change that. Bring more users and businesses, start generating some real world traction. And we have tried, very hard”, wrote Ivanichok. It was further detailed how a proposal made by 727 Ventures, of which Ivanichok is also the founder, for an offline business development event, was shut down by “valorous DOT voters”. From there, Ivanichok’s critique only grew harsher: Takeaway - Is This the End for DOT? Polkadot was one of a handful of names to dominate the cryptocurrency ecosystem, and accompanying headlines, throughout the 2021 bull market, and its founder being a co-founder of Ethereum was impressive in and of itself. $DOT was a sweetheart of the blockchain ecosystem, boasting institutional adoption, and a market capitalization of nearly $53 billion. Since then, however, its market cap has shed more than 90% of its value, and problems in the ecosystem are beginning to emerge, demonstrated by comments detailed above. But is it really the end for DOT…? Though the crypto-world is undeniably wrought with surprises (both good and bad), it certainly seems unlikely that $DOT, and the wider Polkadot ecosystem, will fade to inexistence any time soon. $DOT still commands a market capitalization of around $5 billion, and there exists dry powder in its arsenal even if, at present, it seems unwilling to distribute it. Whilst matters are certainly looking bleaker for Polkadot in recent months, still the 13th largest cryptocurrency, it may still be a name worth watching $DOT

Collapsed digital asset exchange FTX was today given the green light to sell billions in crypto assets by the judge overseeing its bankruptcy proceedings. Judge John Dorsey on Wednesday approved that the defunct crypto brand can now sell $3.4 billion in Solana, Ethereum, Bitcoin, and other assets at the U.S. Bankruptcy Court for the District of Delaware. The company’s plan for offloading the assets, first outlined in August, will appoint Mike Novogratz’s Galaxy Digital as the investment manager overseeing the sale. According to the plan, FTX will cap its selling at $100 million worth of tokens per week, a limit that could be increased to $200 million on an individual token basis. Judge Dorsey will allow FTX to raise its weekly maximum if the company gets written authorization from the court. But a footnote on the order clarifies that sales of Bitcoin, Ethereum, stablecoins, and the redemption of stablecoins will not count towards the $100 million weekly limit. Calculation of the limit will also exclude transactions made to bridge tokens from non-native blockchains back to their native networks. FTX quickly and unexpectedly went bankrupt last November due to alleged criminal mismanagement. Billions of dollars in customer cash disappeared and now the exchange’s new management now is working to pay back creditors. Selling these assets will help plug the hole, which originally stood at $7 billion. A Monday court filing showed that FTX owns $1.16 billion in Solana (SOL), $560 million in Bitcoin (BTC), $192 million in Ethereum (ETH), and $137 million in Aptos (APT). The crypto prices in the court document are based on pricing from August 31. Some $800 million in cash and public equity has already been recovered. Ex-CEO and co-founder of FTX Sam Bankman-Fried is awaiting a massive criminal trial in October after his crypto behemoth went bust last year. Feds arrested and hit the fresh-faced ex-Jane Street trader and MIT graduate with 13 criminal charges, including wire fraud, securities fraud, conspiracy to commit bank fraud, and defrauding the Federal Election Commission.

Meme token has lost more than 90% of its all-time high value. The total value of all existing cryptocurrency tokens tracked by CoinGecko currently stands at $ 1 trillion. This is 66% lower than the all-time high of $ 3 trillion achieved during the speculative frenzy in 2021. However, some tokens have experienced an even steeper decline, and Shiba Inu (SHIB 1.68% ) is one of them . The token increased by 43,800,000% in 2021, providing one of the most lucrative one-year returns in history. In other words, a perfectly timed investment of just $3 could make you a millionaire. But the current picture looks very different because Shiba Inu has steadily lost 91% of its value at an all-time high. So could another spectacular run be on the cards? Believe it or not, there is a mathematical probability that #Shibainu will increase from its current price of $ 0.000007 to $1. But this does not necessarily mean a life-changing chance. Let me explain. Shiba Inu fails adoption test First of all, we need to investigate why Shiba Inu has lost so much value in the last two years. Cryptocurrency in general has had a difficult time fulfilling its promise of becoming a decentralized alternative to traditional money. Even the largest token, Bitcoin, is accepted as pay by only 8,120 businesses worldwide, and only 770 of them are ready to accept Shiba Inu. Volatility is one reason why businesses are not embracing crypto; any pay tool that can fluctuate by millions of percentage points before losing almost all of its value will make cash flow management almost impossible. The bottom line is this: if consumers can't spend their tokens on everyday goods and services, then there's not much reason to buy and hold them, except for a claim that their value will increase. Investor sentiment remains low The risk of catastrophic financial losses is another reason why investors have been staying away from cryptocurrencies recently. 2022 was marred by extraordinary failures in the industry, and in November, this drama reached its peak with the collapse of the leading crypto exchange FTX. About $3 billion of customer money is still missing, and there is little hope of getting that money back. Of course, some crypto enthusiasts will argue that banks in the traditional financial system also sometimes fail, and he certainly supported this point with the collapse of Silicon Valley Bank this year. But no customers suffered financial losses because deposits up to $250,000 are automatically insured by the Federal Deposit Insurance Agency (FDIC), and the U.S. government stepped in to protect larger depositors, most of whom are commercial. These safety nets do not exist in the decentralized world of cryptocurrency, and the last two years are a reminder that living within the boundaries of a regulated financial system brings benefits. For this reason, it is not surprising that investors are staying away from speculative tokens such as Shiba Inu, but this does not mean that its price will not increase from here. There is a mathematical obstacle that prevents Shiba Inu from reaching $ 1 There are currently 589.3 trillion Shiba Inu tokens on offer, and the market value of the ecosystem is $ 4.6 billion, with the price of each of them being $ 0.000007. Mathematics shows that if the price of a Shiba Inu token rises to $ 1, the market value of the ecosystem will be $ 589.3 trillion. This will be equal to: 203 Apples (the company, not the fruit, is worth $ 2.9 trillion) 23 American economy (U.S. gross domestic product exceeded $ 25.4 trillion in 2022) 1.3 Planet Earth in terms of wealth (the total value owned by all consumers, governments and businesses at the end of 2022 was $ 463 trillion) As you probably understand, it is absolutely and absolutely impossible for Shiba Inu to reach $ 1 in its current form. Here's how to get to $1 The Shiba Inu community has become aware of the supply problem and is trying to solve it by "burning" the tokens, removing them from circulation forever. Investors can participate by sending some of their tokens to a dead wallet, where they will never be recovered. Enthusiasts can also help by posting a specific music playlist or using the Sh Dec Search internet search engine. Part of the proceeds from both activities are used to burn Shiba Inu tokens. Theoretically, when the supply decreases, the price of Shiba Inu tokens will increase organically. The problem is this: in order for Shiba Inu to reach $ 1 through this mechanism, the community will have to burn 99.99998% of all tokens in the supply. This means the elimination of more than 589.2 trillion tokens. On September 2, when I wrote this article, 116 million tokens were burned. If this rate remains constant, about 42 billion tokens will be burned this year. This means that it will take more than 13,900 years to burn enough tokens to send Shiba Inu for $1 It's getting worse. Even if the community burns through the 589.2 trillion tokens needed to send Shiba Inu for $1, the ecosystem's market value will still be $4.6 billion. This application will not increase the value of the token, which means that no investor will really be able to make money. This is because each investor will have to burn 99.99998% of their own tokens to achieve the common goal, so ultimately, they will have fewer tokens worth a higher price per token; holdings. So, although it is technically possible for Shiba Inu to reach $1 at some point in the future, this will not necessarily translate into a financial gain! #crypto2023 #Binance

Not every sports fan can easily cough up $250,000 to invest in a rare digital collectible card featuring Lionel Messi, or a $120,000 LeBron James The NFT incarnation of James Slam Dunk. However, most fans can earn a small share of their favorite sports team or celebrity by purchasing fan tokens. This is where Chiliz (CHZ) comes into play. Chiliz is dedicated to providing sports and entertainment businesses with blockchain-based tools that allow them to seamlessly participate in and monetize events. Additionally, Chiliz is known for its sports fan engagement platform Socios. But what exactly is Chiliz, how does it work, and what are Chiliz’s latest developments and partnerships? What is Chiliz (CHZ)? Chiliz is a popular sports tokenized cryptocurrency powering Chiliz.net, the world’s first scalable sports engagement and rewards platform. It is also the first sports-based cryptocurrency exchange where fans can trade custom fan tokens and participate in club-based voting and prize pools. Therefore, these tokens give fans voting rights, and the more tokens they hold, the more voting rights they have. The tokens also enable fans to take advantage of discounts, promotions and exclusive content, test their sports knowledge and win prizes such as signed club merchandise. The core goal of Chiliz is to solve two problems: funding and participation. In addition to allowing fans to own a part of their favorite teams and participate in their daily activities, the platform also provides access to sports and entertainment businesses, allowing them to expand their development plans and thrive in the global sports industry. Chiliz was founded in 2018 by Alexandre Dreyful, founder of interactive travel guide company Webcity and co-founder of Winamax, France’s largest online poker site. Dreyful thought about how blockchain technology could be used to provide a seamless way for fans to interact and provide teams with an efficient way to monetize their global fan base. The concept has grown into a successful global business and is expected to become a 300-strong market cap blockchain unicorn by the end of 2022, which is leading the sports and entertainment industry through fan tokens and the Socios fan engagement and rewards platform. revolutionary changes.Before we dive into how Chiliz works, let’s briefly discuss Socios. What are Socios? Socios can be said to be Chiliz’s first consumer-facing product. It is a scalable mainstream application that allows fans to gain tokenized voting rights for their favorite clubs. The app enables fans to interact with their teams and offers unique rewards including unmissable experiences, prediction games and matchday challenges. Socios is powered by the Chiliz sidechain, allowing interested clubs to issue fan tokens. These tokens are proprietary blockchain assets that bear the imprint of the issuing team associated with them. As such, they give holders the power to participate in decisions, polls, and votes regarding team management. Through Socios, fans can directly participate in the decision-making process of their favorite teams. For example, Arsenal Football Club fans can vote on merchandise designs, in-game banners, name a playground or choose a goal celebration song using AFC Fan Tokens, and receive rewards and unique experiences. The platform uses smart contracts to ensure that clubs respect the results of fan votes. Socios has six main functions: Cryptocurrency Entry Point: You can purchase CHZ using a credit card. Trading Section: After purchasing CHZ tokens, you can use it to purchase fan tokens of your favorite team. Additionally, you can exchange one fan token for another fan token or convert it back to CHZ. Voting section: After obtaining fan tokens, you can influence the decisions of the relevant teams. Bonus Section: As a Fan Token holder, you can purchase club merchandise and other benefits at discounted prices. Pokémon Go-like feature: This is a virtual reality feature for free chases and earning CHZ tokens. Locker Room Feature: This tool allows teams to monitor potential fan token demand. Chiliz has been able to successfully drive its fan engagement and monetization platform because of its user-oriented products and services that are easy to use even for new cryptocurrency users. Its products (Socios and Chiliz Exchange) feature user-friendly interfaces and responsive customer support to guide users through operations.Furthermore, they have not experienced any security hacks and can therefore be considered safe to use. Chiliz’s blockchain application is important in ensuring that the cryptocurrencies in its ecosystem (CHZ tokens and fan tokens) are easily traceable, confirmable, and immutable. In October 2018, Chiliz issued approximately 8.8 billion CHZ tokens on the Ethereum blockchain and distributed a portion to interested parties. The company has not conducted any public sales other than products sold through cryptocurrency exchanges. Although CHZ was originally an ERC-20 token, it was redesigned to fit the BEP-2 token standard due to Binance’s role in issuing new fan tokens as part of its strategic partnership with Chiliz . Fan tokens, meanwhile, are issued on the Socios sidechain, utilizing a proof-of-authority (PoA) mechanism to achieve consensus. Unlike Proof of Work (PoW) and Proof of Stake (PoS) mechanisms, PoA relies on pre-approved authoritative nodes to issue and confirm transactions. Since nodes play a vital role in maintaining the Chiliz blockchain, the entities and people behind them are publicly disclosed to increase trust. While the Chiliz team operates the majority of nodes, European retail giant Rakuten recently began operating the authoritative node on the Chiliz network. As the company continues to grow, it hopes to form more strategic partnerships to further maintain its network. Although PoA blockchains (like Chiliz) are not as decentralized as other decentralized blockchains (like PoW chains), they are highly scalable and secure and capable of processing more transactions per second. This makes them ideal for supporting social engagement platforms like Socios. Additionally, all Socios activities, such as transactions and voting results, are securely stored on Chiliz’s sidechain rather than on the Ethereum blockchain, which enables Chiliz to regulate gas fees, ensuring transactions are fast and cost-effective. Additionally, the Chiliz ecosystem includes three other tokens that play different roles. Fan Tokens are tools that help clubs provide benefits and implement public opinion decisions. Locker Tokens To join Chiliz's team, they need to send an application request.Once Chiliz approves the request, the team will create a “locker” in which investors will need to hold CHZ tokens for four months, which can then be redeemed for locker tokens. Once the team successfully launches fan tokens, Chiliz will exchange the locker tokens for fan tokens and will also return 10% of CHZ cash. If the launch of fan tokens fails, the platform will refund CHZ tokens. Chiliz has also partnered with leading blockchain technology developer Enjin to develop club-branded digital collectibles. They used Enjin’s tools to mint Ethereum-based ERC-1155 non-fungible token (NFT) collectibles. ERC-1155 is a multi-token standard that enables the creation of fungible and non-fungible tokens, with similar functionality to ERC-20 and ERC-721. Chiliz's collectibles can be purchased on the Enjin Market using ENJ or CHZ. Recently, Chiliz has also partnered with Chainlink to mint NFTs in real time to react to live sports events and create limited edition NFTs. Overall, Chiliz’s Scoville blockchain development has been a notable success, bringing innovation and fan engagement opportunities to the sports and entertainment industry through Socios and other products. In April 2022, Chiliz launched the Scoville testnet, a blockchain designed to accelerate the creation of fan tokens. Chiliz Chain 2.0 (CC2) will enable clubs and brands to mint NFTs, issue fan tokens, and other DeFi products such as Play2Earn games, Play2Win, and merchandising certifications. CC2 will be powered by CHZ tokens, further increasing its utility. Currently, CHZ primarily serves as a medium of exchange, enabling entertainment and sports fans to purchase fan tokens for their favorite entertainment venues and clubs. CC2 will transform CHZ from the best in-app currency to a network enabler for the open, multi-vertical Chiliz ecosystem, thereby unlocking CHZ’s deeper value. Chiliz collaborated with Ankr, a leading developer of blockchain technology, to develop CC2. The platform is also compatible with the Ethereum Virtual Machine (EVM) and has transaction costs that are nearly 200 times cheaper than Ethereum. It will utilize a proof-of-stake (PoSA) mechanism to incentivize CHZ investors to hold their shares. Approved organizations may include those that are already official Socios partners, who will be allowed to validate the network, ensure its security and benefit from its growth.CC2 will provide an open ecosystem that allows vetted third-party developers to build with Socios to create externalized applications for fan tokens and deliver new experiences in new use cases beyond fan tokens. scope. Chiliz has achieved great success in forming strategic partnerships with major sports clubs and brands around the world, with employees spread across the globe and offices in multiple countries, with plans to further expand their global centers. They expressed optimism that as more teams and brands join, CHZ will drive a huge change in the way fans interact with clubs. Socios is Chiliz’s first revolutionary consumer-facing project, aiming to enhance its image mission by increasing the visibility of fan tokens and CHZ globally. In the crypto industry, if you want to seize the next bull market opportunity, you must have a high-quality circle, so that everyone can stay together and maintain insight. If you are just one person, looking around at a loss and finding that there is no one around, it is actually very difficult to persist in this industry.

Ray Dalio, the founder of Bridgewater Associates, recently took to LinkedIn to discuss the unexpected strength of the economy, even as the Federal Reserve tightens its monetary policy. The 74-year-old American, whose net worth is estimated to be around $19.1 billion (as of 9 September 2023), created the asset management firm Bridgewater Associates from his New York City apartment just two years after receiving his MBA from Harvard Business School. According to Dalio, this anomaly can be traced back to a government-led redistribution of wealth that has rendered the private sector largely impervious to the Fed’s actions. Dalio attributes the current economic strength to a significant shift in wealth from the public sector and bondholders to the private sector. This move, he says, has insulated households and businesses from the Federal Reserve’s rapid policy changes. As a result, the private sector’s balance sheets are in good shape, while the government’s financial standing has deteriorated. Dalio points out that central governments globally are facing worsening balance sheets due to large deficits and losses on government bonds. Dalio traces the origins of this shift to 2020 and 2021, a period characterized by enormous budget deficits and massive central bank bond purchases. He recalls a time “when cash was trash,” explaining that banks, encouraged by central banks, bought government bonds, thereby supporting the government’s fiscal policies. In 2022, the economic landscape began to change. With inflation rising and unemployment rates dropping, governments and central banks started to roll back their ultra-accommodative fiscal and monetary policies. Despite these changes, Dalio notes that the private sector continued to thrive, thanks to earlier government interventions that had boosted net worth and income levels. Dalio emphasizes that the deteriorating financial health of central governments and banks is a concern. These entities have debt obligations and will likely resort to taxation and money printing to meet them. While this may not pose immediate problems, Dalio suggests that it could become a significant issue in the long term. Dalio also refers to his 2018 book, “Principles for Navigating Big Debt Crises,” where he discusses similar historical scenarios. He labels the current approach “Monetary Policy 3,” a stage in the long-term debt cycle that follows two other types of monetary policies aimed at stimulating the economy. Looking ahead, Dalio anticipates a period of slow growth and high inflation, although he acknowledges a range of uncertainties that could influence this outlook. He warns of a self-reinforcing debt spiral that could impose market-driven debt limits, forcing central banks to print more money and buy more debt. Dalio concludes by mentioning other significant forces that will interact with the financial landscape, such as domestic and international conflicts, climate change costs, and disruptive technologies. He refrains from going into detail on these topics but indicates that they will substantially impact the economy and markets in the coming years.

The post Cryptocurrency Regulations in India appeared first on Coinpedia Fintech News Cryptocurrency made its debut in India in 2013, sparking enthusiasm among people from various social backgrounds who eagerly embraced it for investment and trading. During this initial period, the Indian Government did not provide clear regulations but instead issued cautionary advisories.  In this article, we will delve into India’s evolving relationship with cryptocurrency. From the outset, the Indian government displayed reservations toward cryptocurrencies. However, they demonstrated a keen interest in harnessing the underlying blockchain technology for government services. The Reserve Bank of India (RBI) expressed concerns regarding the functioning of cryptocurrencies and their inherent price volatility. While the government has indeed made numerous attempts to regulate or ban cryptocurrency, as of now, there has been no strict and final resolution. However, there is a possibility of seeing some progress in the days following the G20 event. The G20 event may serve as a catalyst for further discussions and potential developments in India’s stance on cryptocurrencies. Series of Notable Events in the advent of regulating Crypto in India. 15-06-2016: The First Official concern was recorded  The Financial Action Task Force (FATF), established by the Reserve Bank of India (RBI), issued regulations and guidelines pertaining to virtual currencies. Expressing concerns that these digital currencies had the potential for fraudulent activities and posed a risk of being utilized by terrorist organizations for illicit donations. 08-11-2016: Increased  Bitcoin Adoption With Demonetization Announcement After the Indian Prime Minister’s demonetization announcement, Bitcoin prices in India surged. Before this, they typically ranged from $800 to $900 per Bitcoin. However, within just 18 days of the announcement, Bitcoin prices on exchanges jumped to $1,020. In contrast, in the United States, where Bitcoin prices typically set the benchmark, they remained at $770 per Bitcoin. This difference in prices highlighted a clear premium on Indian Bitcoin exchanges during that time.07-11-2017: First Announcement to Ban Crypto, by RBI The Reserve Bank of India has declared its intention to prohibit the use of cryptocurrencies as a means of payment throughout the country. During a conference in Mumbai on November 6, 2017, RBI’s executive director, S Ganesh Kumar, suggested that digital currencies like Bitcoin and Ethereum would not be permitted for legal transactions within India. He stated, “Our current stance on bitcoins is that we will not accept them for any payments and settlements, but the technology supporting cryptocurrencies will persist.“ 01-02-2018: “No Support to crypto”, declarations by Finance Minister In a parliamentary address, Mr. Arun Jaitley the then finance minister, categorically labeled virtual currencies as illegal forms of tender and emphasized that the government did not endorse their usage. However, he also expressed the government’s interest in exploring the potential of blockchain technology.  Following this, the State Bank of India (SBI) took a proactive role in facilitating collaboration between banks and technology firms. Major tech giants like IBM and Microsoft, alongside Skylark, KPMG, and ten commercial banks, came together to engage in this initiative. 05-03-2018:- Second Attempt to Ban Crypto, CBDT  The Central Board of Direct Taxes (CBDT) presented a proposal to the Department of Economic Affairs, advocating for the regulation of cryptocurrencies. Subsequently, during the G-20 summit on March 19th and 20th, Finance Ministers and Central Bank Governors from G-20 member nations recognized the potential benefits of crypto-assets in enhancing financial system efficiency and economic growth. However, they also expressed collective apprehensions regarding issues such as safeguarding consumers and investors, ensuring market integrity, preventing tax evasion, countering money laundering, and thwarting potential terrorist financing activities. 06-04-2018:- Ban and Lift Ban of Crypto The RBI’s statement directed financial institutions and payment providers to cease virtual currency transactions and services to entities involved. On April 6, 2018, the RBI declared cryptocurrencies illegal in India, effective from June 6, 2018. Cryptocurrency exchanges incurred losses due to suspended transactions and lack of banking access, leading to many closures and user losses. Exchanges challenged the ban in court, filing their first petition on May 1, 2018. The Supreme Court consolidated petitions opposing the ban and set a hearing for May 11, 2018. On May 17, 2018, the Supreme Court allowed petitioners to submit a representation to the RBI. Zebpay ( The only major exchange at the time) suspended operations on July 4, 2018. In January 2019, the Income-tax department issued notices to cryptocurrency investors, while some banks suspended services to exchanges, and others severed ties completely.  On July 23, 2018, SEBI objected to regulating crypto assets. Then Exchanges formally requested the RBI to lift the ban, expressing willingness to undergo regulation.  Despite the crackdown, Unocoin launched a Bitcoin ATM in Bangalore on October 14, 2018, seized by cybercrime police a week later. 07-06-2019:- 3rd Attempt to Ban Crypto, presented in Parliament Bill The Indian Government introduced a bill titled “Banning Cryptocurrencies and Regulation of Official Digital Currency Bill 2019,” which aimed to prohibit all cryptocurrency-related activities. The bill proposed severe penalties for such activities, with the exception of cryptocurrency usage in experimentation, research, or education. The bill specified a requirement to declare and dispose of any cryptocurrency holdings within 90 days of the act’s commencement. Individuals engaged in cryptocurrency activities could face a 10-year prison sentence, while exchanges could be penalized with up to 5 years of imprisonment. It’s important to note that this bill has been deferred indefinitely up to the present time. 05-12-2019:- Governor of RBI Said No to Crypto The Governor of the Reserve Bank of India, during a press conference, unequivocally expressed the RBI’s strong opposition to cryptocurrencies and emphasized the need to thoroughly evaluate their functionality. Reserve Bank of India is completely against private digital currency says RBI Governor @dasshaktikanta ,asserting the sovereign's right over this function. pic.twitter.com/qUMJqx3Lvr — IndiaBits (@indiabits21) December 5, 2019 28-01-2020:- Final arguments from both sides heard and concluded  Members of the Internet and Mobile Association of India (IMAI) gathered for the last round of arguments in the Supreme Court. During this session, the Reserve Bank of India (RBI) conceded that it lacked the authority to comment on the legality of cryptocurrencies and clarified that the RBI & Payment Settlement Act does not cover cryptocurrencies.  However, the RBI maintained that it possessed the authority to take measures if it determined that cryptocurrencies posed a threat to the payment system. Nevertheless, the RBI was requested to respond to the IMAI’s representation.04-03-2020:  Uplifting ban imposed by RBI on cryptocurrency. Following a series of contentious disputes between IMAI and RBI, the Supreme Court issued a favorable verdict in support of IMAI, thereby overturning the cryptocurrency ban imposed by RBI. This landmark decision was celebrated worldwide within the cryptocurrency community. Breaking:Supreme Court of India has struck off Reserve Bank of India's (RBI) banking ban against #Crypto. The Court held that RBI Circular dated 6th April 2018 is unconstitutional. — KoinX (@getkoinx) March 4, 2020 29-01- 2021:  Government introducing a bill on cryptocurrency After this, the government announced its intention to introduce a bill aimed at creating a sovereign digital currency while simultaneously banning all private cryptocurrencies. This move posed a significant challenge to the revived cryptocurrency industry in India. The proposed bill seeks to prohibit private cryptocurrencies but may make exceptions to promote the underlying cryptocurrency technology and its applications. 02-02-2022: Finally, Crypto in India Were Taxed to 30% During the 2022 Union Budget session, Finance Minister Nirmala Sitharaman announced a significant development in India’s taxation policy regarding cryptocurrencies and digital assets.  She disclosed that a 30% tax would be imposed on income generated from these assets.  This decision entails placing earnings from cryptocurrencies and non-fungible tokens (NFTs) within India’s highest tax bracket. Additionally, it was stated that any losses incurred from the sale of these assets would not be eligible for offset against other sources of income, thus discouraging trading and investment in digital assets. The implementation of this tax rule was scheduled to begin on April 1st. Furthermore, Minister Sitharaman also unveiled plans for the central bank to introduce a digital currency in the upcoming financial year, utilizing blockchain technology and other supporting technologies. 26-03-2022:  By this time crypto turned out to be legal Indian Finance Secretary, T.V. Somanathan, clarifies the terminology used in India regarding cryptocurrencies, referring to them as “crypto assets” instead. He emphasizes that the act of buying or selling crypto assets in India is not considered illegal. The government has established a tax framework specifically for crypto assets, categorizing them in a manner similar to winnings from activities like horse races or other speculative transactions. This distinction provides a legal framework for the taxation of crypto asset transactions in India. 28-08-2023- India opening international doors to discuss crypto During the B20 Summit in India on August 28, 2023, Prime Minister Narendra Modi highlighted the urgent requirement for a comprehensive global framework for cryptocurrencies. He emphasized the significance of adapting to the ever-changing digital landscape and stressed the importance of utilizing transformative technologies like artificial intelligence (AI) to navigate this evolving terrain effectively. 05-09-2023- India Seeks Collaboration on Regulating Crypto as of G20 Summit India’s Finance Minister, Nirmala Sitharaman, has disclosed that significant deliberations are currently taking place regarding the establishment of global regulations for crypto assets. She underscored the crucial need for international cooperation and collaboration among nations to address the various challenges associated with crypto assets effectively. in Mumbai, Sitharaman stated, “During India’s G20 presidency, we have put forth essential topics concerning the regulation and the recognition of the imperative for a framework to govern matters related to crypto assets.” In the ever-evolving journey of India’s crypto regulations, the G20 Summit serves as a promising crossroads. As the nation opens its doors to global collaboration, the crypto landscape holds both uncertainty and opportunity, awaiting the dawn of a comprehensive and harmonious framework. Government’s Stand on Cryptocurrencies The Indian government is not so friendly with cryptocurrencies from the start but wants to encourage blockchain-related technologies in various government services. The Reserve Bank of India (RBI) wanted to ban the activities related to cryptocurrencies. The decentralized nature of cryptos and the constant fluctuation in the trading volumes had bought the RBI’s radar over them.  Cryptocurrencies landed in India and started functioning in 2012 on a small scale and became very familiar among the people within a year. A few businessmen started accepting Bitcoin as payments. For example, a Pizzeria in Mumbai became the first restaurant to accept Bitcoin as payment in 2013. What might have made RBI ban cryptocurrency activities in India? The primary reason might be that no individual or agency or organization is responsible for its value. It is pure speculation. There is no control over the crypto transaction or activities as it is decentralized.  There is no third-party involvement like banks to regulate the transactions. Fear of losing the value of Fiat currency and banking system. Protect the interest of people so that they do not lose their money. RBI had banned the banks to encourage activities related to cryptocurrencies in 2018, the Supreme court lifted the Cryptocurrency Ban in March 2020. But still, RBI wants the supreme court to rethink the judgment as they still do not have faith in them.  Historic Events and Announcements. 09-02-2021: Finance Minister Sitaraman said on February 9th, 2021 in Rajya Sabha, that all private cryptocurrencies, except any virtual currencies issued by the state, will be prohibited. Mr. Anurag Thakur, Minister of State for Finance also said about the government’s plan of bringing the bill on cryptocurrency. A senior government official told Reuters that cryptocurrencies must be banned and the one using cryptocurrency must be penalized for trading in the country or even just holding any such virtual assets. To know more click on the document here. 29-11- 2021: Steps will be taken to create awareness about the risky area of cryptocurrency through SEBI and RBI. Speaking about the government introducing a bill on cryptocurrency, the Government won’t collect the data on Bitcoin, says Sitaraman on Lok Sabha. To know more click on the document here. 29-1-2021: The government says it will introduce a bill to create a sovereign digital currency and simultaneously ban all private cryptocurrencies. The recently-revived industry realizes it faces a second existential threat. The bill seeks to prohibit all private cryptocurrencies in India. However, it would allow certain exceptions to promote the underlying technology of cryptocurrency and its uses. 18-03-2020: The government of India revealed to the lower house, ‘Lok Sabha’ about the inspection carried out by the Ministry of Corporate Affairs on specifically cryptocurrency companies, Zeb It Services Ltd and Unocoin Technologies Ltd. 05-03- 2020:- After a series of arguments between IMAI and RBI, the Supreme court delivered its verdict in favor of the IMAI uplifting ban imposed by RBI on cryptocurrency. The whole world of crypto hailed the judgment all over the globe. 29-01-2020:- The Indian Institute for Smart Government (NISG) has published a draft ‘National Strategy on Blockchain’.  The document examines blockchain technology, its impact on society, challenges, the role of government and national strategy principles in addition to SWOT analysis.  The document also urges the Reserve Bank of India to issue regulated digital coins which would be decided soon.  You can go through the whole document HERE. 05-12-2019:– The Governor of the Reserve Bank of India, in a press meeting clearly said that the RBI is completely against cryptocurrencies and would ascertain its functionality. 28-01-2020:- Final arguments from both sides were heard and concluded. The judgment was kept reserved. 05-08-2019:- The exchanges which are the members of the Internet and Mobile Association of India(IMAI) assembled for the final round of arguments in the Supreme Court. During the course of the argument, RBI admitted that it did not have jurisdiction to speak on the legality of cryptocurrency and the RBI & Payment Settlement Act does not imply Cryptocurrency. But argued that it has the power to take action if found cryptocurrency is a threat to the payment system. Yet the RBI was asked to provide a reply to the representation done by IMAI. 07-06-2019:- The Indian Government drafted a bill to deal with cryptocurrencies called,” Banning Cryptocurrencies and Regulation of Official Digital Currency Bill 2019”.  It prohibited any activities dealing with cryptocurrencies and suggested equivalent punishment excluding the usage of cryptocurrency in experimenting, research or teaching. It clearly mentioned to declare and dispose of any cryptocurrency under possession before 90 days from the commencement of the act. A person would be sentenced to 10 years of imprisonment if found guilty in the involvement of cryptocurrency activities and the exchanges would be punished for 5 years of imprisonment. This bill, however, got deferred till now. The detailed bill can be accessed HERE. 25-10-2018:- All four petitions, two petitions for the ban and other two challenging the ban assembled for hearing. The Government of India informed the committee which was set up to research crypto assets. Hence the court adjourned to enable the committee to come up with their recommendations. Read ORDER of the Supreme Court!Govt. to file Affidavit within 2 weeks stating:1. the stage at wch Committee is deliberating the matter;2. the estimated time within which the Government will ultimately come out with its policy decision.@coindesk @Cointelegraph pic.twitter.com/ul2Cbd1wID — Crypto Kanoon (@cryptokanoon) October 26, 2018 14-10- 2018:- Despite the RBI crackdown, one of the exchanges Unocoin launched a Bitcoin Atm in Bangalore for its customers. The user could deposit and withdraw money using the bitcoins in their wallets. Unfortunately, the cybercrime police seized the ATM only a week after its launch. @cryptokanoon featured on Business Standard (@bsindia).Author: @VireshwarTomar pic.twitter.com/EeFeokC5rf — Crypto Kanoon (@cryptokanoon) October 20, 2018 23-07- 2018:-  SEBI sent its comments on the circular on the ban to the Department of Economic affairs. SEBI mentioned its objection to being part of the regulators of crypto assets and tokens.   In the meantime, exchanges requested the RBI in writing, to lift the ban as they were open to more scrutiny and ready to be regulated. January 2019:-At the beginning of the year in January, the Income-tax department started issuing notices to all the investors. Banks suspended the withdrawal and deposit facilities of some exchanges. Some lenders disassociated with them completely. 17-05-2018:-  Supreme court passed interim order allowing the petitioners to submit a representation to RBI. Amid the circular from RBI, one of the popular exchanges Zebpay suspended its operation in India on 04 July 2018.  05-04-2018:- RBI released a statement that prevented all financial institutions and payment providers to stop dealing with virtual currency and stop services to all entities that deal with virtual currency. And finally, on 6th April 2018, releasing a circular, RBI banned Cryptocurrency in India declaring it an illegal entity which will come into effect from 6th June 2018. The exchanges dealt with heavy losses as all the transactions were stopped and there was no bank access. All the people were forced to sell the currency before they lost access. Many exchanges closed down and many users too faced loss. The exchanges were disappointed with the blanket ban, the exchanges decided to take this matter to the court filing its first petition on 01 May 2018 challenging the ban.  The supreme court clubbed up all the petitions against the ban and scheduled 11th May 2018 hearing.  #Crypto Petitions against #RBI banking restriction, filed in various High Courts in India, may be transferred to Supreme Court for common adjudication. RBI was granted liberty to move an application in this regard which, if allowed,will effectuate transfer of Petitions.#ckupdate pic.twitter.com/1nUPh4snuk — Crypto Kanoon (@cryptokanoon) May 13, 2018 05-03-2018:-  Central Board Of Direct Taxes (CBDT) submitted a draft to the Department of Economic Affairs to ban cryptocurrencies. Later on March 19th and 20th, Finance Ministers and Central Bank Governors of G-20 member countries met for the G-20 summit. Here all acknowledge the fact that crypto-assets have the potential to improve the efficiency of the financial system and economy. But at the same time did raise concerns over consumer & investor protection, market integrity, tax evasion, money laundering, and terrorist financing.  01-02-2018:- During a speech in parliament, Honorable Finance Minister of India, Late Mr. Arun Jaitely mentioned virtual currencies as illegal tenders and the government does not support them. But mentioned that the government will look at the utilization of blockchain technology. Post to which SBI took the initiative to bring the banks and the tech firms together. Big tech firms IBM, Microsoft, Skylark, KPMG, and 10 commercial banks joined hands. Dec 2017:- RBI and Minister of Finance held a joint press meeting and declared Cryptocurrency as ‘Ponzi Schemes’ and they are not currency or coins. 07-11-2017:- The Reserve Bank of India announced its plan to ban cryptocurrencies as a form of payment across the country but has shown support for the blockchain. At a conference held in Mumbai, India on Nov. 6, 2017, RBI executive director, S Ganesh Kumar, has hinted that digital currencies such as Bitcoin and Ethereum will not be allowed to be legally used across the country. “Our current position on bitcoins is that we will not be using it for any payments and settlements…though the technology underlying cryptocurrencies will not end.” 08-11-2016:-The major boost for the crypto market led when the Prime Minister of India, declared Rs 500 and Rs 1000 had been demonetized with immediate effect. These denominations were about to 86% of the country’s paper currency. The people with large cash holdings were looking out for more options to exchange the money as the time was limited. Investment in gold was also tracked by the government, and hence the people tried investing in Bitcoin. This increased the bitcoin volume by nearly double and the investors summed up nearly 1,30,000. In India, the price of a bitcoin reached $1020 but in the U.S. it remained at $770. 15-06-2016:- The Financial Action Task Force, set up by RBI in 1994, came up with guidance for a risk-based approach to virtual currency. As mentioned in the guidelines, the possibility of fraud as cryptocurrency transactions can be carried out for anonymous accounts internationally. It also raised concern over virtual currency being operated by terrorist organizations to promote bitcoin donation. Subhash Chandra Garg Committee The Indian Government Constituted a Committee under the leadership of Finance Secretary, Subash Chandra Garg in 2017. The members of the committee were top officials of the  Securities and Exchange Board of India(SEBI) Central Board of Excise and Customs (CBEC) Income Tax department  Financial Intelligence Unit RBI The purpose of the committee was to study issues related to virtual currencies and propose possible actions that could be taken. The committee has held a series of meetings with inter-ministerial meetings with representatives of the Ministry of Corporate Affairs, the Central Board of Direct Taxes, and MeitY. The committee briefed the FDSC council about the report on 31-10-2018. Mr. SC Garg briefed FSDC Council about the progress in the Inter-disciplinary committee on Crypto "to devise an appropriate legal framework to ban use of private crypto currencies in India".Read the official press release. #regulation pic.twitter.com/XrU8BIHuAt — Crypto Kanoon (@cryptokanoon) October 31, 2018 The Committee Concerns The customers could be misled and subjected to fraud or Ponzi schemes due to the non-official nature of the virtual currency.  Virtual currencies cannot be controlled by any authority. This lack of control could lead to excessive volatility which could affect the economy at a larger pace. The excessive use of energy resources which could result in environmental disaster as Bitcoin mining requires humongous processing power. This, in turn, requires crippling levels of the energy system which is difficult in a country with a huge population. RBI could lose control over the monetary policy by allowing private cryptocurrencies to function as it cannot keep the track of the transactions or any other activities. The decentralized nature of cryptocurrencies could lead to their usage of them in illegal activities like money laundering or terror funding etc. In this technology, once the transactions are done, they cannot be reversed, which could be difficult sometimes. The Committee Recommendations The panel made a clear distinction between the private cryptocurrencies and the official ones that the government could issue in the future. It also specifies the benefits of Digital Ledger Technology (DLT). The recommendations:- The committee headed by Subash Chandra Garg has made the following recommendations:- Cryptocurrencies should be banned by enforcing the law and imposing fines & penalties for those who deal with cryptocurrencies. The committee has proposed a draft bill called ‘Banning of Cryptocurrency & Regulation of Official Digital Currency Bill, 2019’. According to this, the individuals who hold the currencies need to declare their holdings within 90 days of law enforcement. The individuals found guilty under the law will be fined with imprisonment and heavy penalties. The committee has recommended the government be proactive and progressive towards the launch of official digital currency. The committee has also proposed setting up a standing committee to revisit the addressed issues in the report as and when required. The committee has suggested implementing distributed ledger technology or blockchain technology in the banking sector and other financial services like loan-issuance tracking, collateral management, fraud detection, and claims management in insurance and reconciliation systems in the securities market. The committee also identified the potential use of blockchain technology in various areas such as payments systems, data identity management, or KYC requirements.  Is India Confused with Cryptocurrency Adoption? The government has always had bifurcated opinions on cryptocurrencies and the technology behind them. On one hand, it stated cryptocurrencies as ‘Ponzi Schemes’ and also banned the banks to deal with them, and on the other hand, it has expressed its desire to bring possible government services on the blockchain technology starting with the banking industry. For several years, it had a very passive approach to the crypto industry and allowed it to grow without any hindrance. It issued only warnings and guidelines and when the customer base grew and exchanges started to flourish it stopped its activity. It would be very exciting to witness the further course of action, as India is a big market for cryptocurrencies that have not yet been explored. Concluding Note Cryptocurrency is now legal in India. Many developments are yet to be observed in the coming days. It would be a great deal if the government would initiate steps towards the regulation of cryptocurrencies.  The new laws need to be framed and taxes need to be thought of as of now. We will hope for a good future for cryptocurrencies in India and expect a positive approach from the government.

Bitcoin Cash (BCH) saw a significant 3.38% price drop over the past 24 hours, falling from $207.25 down to $200.13. This steep single-day decline brings Bitcoin Cash to its lowest price point in over 3 weeks. Albert MorganSep 2, 2023 In analyzing the key Bitcoin Cash metrics provided, we can gain some valuable insights into the factors driving this sudden bearish momentum. With a market capitalization of $3.90 billion, Bitcoin Cash remains one of the top 10 largest cryptocurrencies by market cap. However, its 24-hour trading volume of $149.03 million is quite low relative to its overall valuation. This suggests weaker investor interest and trading activity around BCH at the moment. Drilling down further, Bitcoin Cash has posted losses across multiple timeframes leading up to today's 3.38% pullback. Over the past 7 days, BCH is still up 5.57%. However, zooming out shows deteriorating price performance, with BCH down 16.05% over the past month and down over 50% from its all-time high six months ago. This indicates Bitcoin Cash has been stuck in a prolonged downtrend throughout 2022, despite some short-term rallies. What's Behind Bitcoin Cash's Recent Weakness? The broader cryptocurrency market has been mired in uncertainty amidst macroeconomic headwinds, regulatory pressures, and the fallout from recent crypto firm bankruptcies. Bitcoin Cash appears to be caught up in the same bearish currents. Additionally, Bitcoin Cash may be contending with more specific challenges. As a fork of Bitcoin, BCH competes directly with BTC for investor dollars as well as for merchant adoption. Lately, Bitcoin has significantly outperformed Bitcoin Cash, which may be drawing interest and capital away from BCH. Questions around long-term demand for Bitcoin Cash compared to Bitcoin could be weighing on investor sentiment. Where Is Bitcoin Cash Headed Next? Looking ahead, it is difficult to predict if or when Bitcoin Cash may regain its bullish momentum. However, there are scenarios where BCH could mount a meaningful rebound: Broader crypto recovery: If macroeconomic conditions improve and the crypto market regains its risk appetite, distressed assets like BCH could benefit. Less fearful market psychology could prompt traders to bid BCH prices higher. Major adoption wins: Real-world adoption drives long-term value. If Bitcoin Cash starts gaining ground in merchant payments or establishes itself in newer use cases, investor interest may return. Any big wins on the adoption front could catalyze upside price action. Technological innovations: As a fork, Bitcoin Cash exists to experiment with technical improvements beyond Bitcoin's base layer. Any major BCH protocol upgrades that deliver meaningful functionality could boost BCH's investment case relative to BTC. Barring any positive catalytic events, Bitcoin Cash will likely remain under selling pressure over the next 6-12 months. But around current price levels, BCH may start to find a bottom and stabilize. From there, a prolonged accumulation phase could pave the way for an eventual recovery back toward its all-time highs over a multi-year timeline. Should You Buy Bitcoin Cash After the Recent Drop? Bitcoin Cash's steep 3.38% single-day drop may have some investors wondering if now is a good time to buy the dip. Dollar cost averaging can help mitigate timing risks around BCH's volatile price action. For those with a higher risk tolerance, building a small speculative position at these lows can make sense. However, conservative investors may want to wait for clearer signs of a trend reversal before exposing capital to BCH. In the likely event of continued near-term weakness, there will be better entry points to gain Bitcoin Cash exposure at lower costs. Waiting for BCH to form a definitive price bottom reduces downside risks. Is Bitcoin Cash's Fall a Buying Opportunity or Warning Sign? Bitcoin Cash's multi-week decline culminating in this 3.38% plunge certainly raises questions about its near-term outlook. However, rather than a warning sign, this pullback arguably presents a buying opportunity. BCH's fundamentals remain largely unchanged, keeping its long-term investment case intact. Meanwhile, its lagging price performance pushed valuations downward to more attractive levels. For long-term focused investors, buying Bitcoin Cash around current prices can produce superior returns over the next several years if/when prices eventually recover. Near-term price volatility should not obscure Bitcoin Cash's potential as a speculative cryptocurrency bet. Those able to stomach the swings can reasonably view BCH's weakened technical condition as a discounted opportunity rather than an outright warning sign to stay away. As always, position sizing and risk management remain critical. #BCH #crypto2023 #bitcoin #Ethereum

Businesses are being transformed by artificial intelligence, which is also fueling exponential growth across all industries. Investors are looking for chances to make investments in promising AI startups that are still in the early stages of development as AI adoption continues to grow across the globe. Credit: Metaverse Post / Designer: Anton Tarasov This comprehensive article analyzes the top 10 publicly traded artificial intelligence stocks trading under $50 per share that are worth watching closely in 2023. For each company profiled, we provide an in-depth overview of their business, technology, financials, growth drivers and potential risks. Pro Tips 1. These advanced 10+ best AI crypto trading bots leverage AI to analyze market trends, execute trades, and maximize profits. 2. Discover the top 10 AI company stocks to buy under $50. 3. Stay ahead of the investment game and explore our curated list of the top 10 AI company stocks by annual return in 2023. Top AI Company Stocks to Buy Under $50 1. C3.ai (AI) – Enterprise AI Software Leader 2. Palantir Technologies (PLTR) – Data Analytics Powerhouse 3. Tencent Holdings (TCEHY) – Chinese Tech Conglomerate 4. Intel Corporation (INTC) – Semiconductor Manufacturing Leader 5. Rekor Systems (REKR) – Innovator in Video Recognition AI 6. Lantern Pharma (LTRN) – AI and Genomics for Oncology Drug Development 7. SoundHound AI (SOUN) – Pioneer in Conversational AI 8. Canaan Inc. (CAN) – Bitcoin Mining with AI Chips 9. Himax Technologies (HIMX) – Semiconductor Solutions for AI 10. Evolv Technologies (EVLV) – AI Security Screening Overview of Massive AI Industry Growth The global artificial intelligence (AI) market is forecast to expand rapidly from $93.5 billion in 2021 to $1.4 trillion by 2028, achieving a stellar compound annual growth rate (CAGR) of 38.1% during this period, according to research firm ResearchAndMarkets. 10 AI stock companies to buy in 2023 AI refers to computer systems or software that can mimic human intelligence for visual perception, speech recognition, decision-making, language translation, augmented reality and a wide range of other cognitive functions. Organizations are increasingly adopting AI to drive automation, enhance predictive insights, improve customer engagement and deliver competitive advantages across nearly every industry. Management consulting firm McKinsey estimates that 70% of companies across all sectors have adopted at least one type of AI technology. The most popular AI applications today include computer vision, natural language processing/understanding, robotic process automation, virtual agents, forecasting models and AI optimized hardware. Key drivers spurring greater investment and adoption of AI solutions include: Cost savings from automating tasks and processes Extracting value from big data through predictive analytics Personalization of customer experiences More accurate insights for enhanced decision making Higher revenues and profits through optimized operations Competitive advantages from increased innovation As artificial intelligence continues to provide tangible returns on investment (ROI) and make tangible contributions to companies’ bottom lines, global spending on AI systems is surging. In 2021, a record $83.4 billion was invested in AI startups worldwide, a 120% increase over 2020, according to market intelligence firm CB Insights. The top five industries leading adoption of AI in 2023 are forecast to be banking, manufacturing, healthcare, retail and government/defense sectors. But AI applications are expanding across virtually every market as the technology proves its ability to solve real-world problems and create new efficiencies. For investors, the rapid evolution of artificial intelligence presents a compelling long-term growth opportunity. The companies profiled below represent some of the most innovative and promising pure-play AI stocks that are still trading under $50 per share as of January 2023. Related: The 20 Richest AI Billionaires in the World 1. C3.ai (AI) – Enterprise AI Software Leader C3.ai (NYSE: AI) operates an industry leading enterprise AI software platform for accelerating application development, digital transformation, and business insights across organizations. The company was founded in 2009 by former Oracle executive Tom Siebel and has established itself as a dominant player in enterprise-scale AI solutions. Business Overview C3.ai markets an integrated AI software suite called the C3 AI Suite which features configurable application development capabilities, machine learning models, and out-of-the-box AI applications tailored for specific industries and use cases. The flexible platform enables customers to rapidly build enterprise AI applications without needing data scientists or coding expertise. The company also provides over two dozen turnkey AI software solutions optimized for customer relationship management (CRM), energy management, anti-money laundering, supply network optimization, predictive maintenance, and fraud detection applications. C3.ai’s industry-specific AI models and apps are pre-trained using large datasets relevant for each sector. Top customers deploying C3.ai’s enterprise AI apps include 3M, Shell, the United States Air Force, the Federal Aviation Administration (FAA), Koch Industries, and biopharma giant AstraZeneca. The company has established strategic partnerships with all major cloud platforms including Microsoft Azure, Google Cloud, and Amazon Web Services (AWS) to expand distribution and deployment options for its AI software. Growth Outlook C3.ai, has been under the scrutiny of financial analysts for its growth outlook in the coming months and years. Over the past three months, a panel of ten analysts has provided insights into the company’s potential. The average 12-month price target for C3.ai stands at $29.88, suggesting a downside of approximately 4.29% from its current price of $31.22. Source: Tipranks This mixed sentiment among analysts is further reflected in the recommendations. Among the ten analysts, there are 2 Buy, 5 Hold, and 3 Sell ratings. While some analysts see potential in the stock, others remain cautious, indicating a diverse range of opinions on C3.ai’s future prospects. The high forecast of $50.00 and the low forecast of $14.00 indicate a significant range of possible outcomes, highlighting the uncertainty surrounding the stock’s performance. Investors interested in C3.ai should carefully consider this variance in price targets and conduct thorough research before making investment decisions. 2. Palantir Technologies (PLTR) – Data Analytics Powerhouse Palantir Technologies (NYSE: PLTR) specializes in big data analytics software used by government agencies, defense organizations and blue-chip corporations to integrate and glean insights from vast disparate data sources.Founded in 2003, Palantir has invested heavily in artificial intelligence and machine learning capabilities to enhance its core data analytics platforms. The company has earned strong brand recognition in the data mining industry. Business Overview Palantir sells two main software platforms – Gotham and Foundry. Gotham is tailored for government customers, providing tools for managing sensitive intelligence data to support defense, law enforcement, and security missions.  Foundry is commercially focused, enabling corporate customers to securely centralize and analyze operational data across siloed systems to optimize business decisions. Customers include BP, Airbus, Fiat Chrysler, Merck KGaA, and food giant Danone. In addition to its commercial sales, Palantir has cultivated deep relationships with government agencies including the U.S. Army, CDC, IRS, FBI, Department of Homeland Security, and healthcare agencies through Gotham. Government revenue accounted for 54% of total Q2 2022 sales. Growth Outlook PLTR’s financials have displayed an upward trajectory. Despite its negative price-to-earnings (P/E) ratio, which may raise concerns for some investors, the company has shown robust revenue growth over the past few years. The company’s revenue has steadily increased from $2 billion in 2018 to $2.8 billion in 2022. This demonstrates its ability to generate substantial income, even if profitability has not yet fully materialized. Source: Tipranks Moreover, PLTR’s expanding customer base is a positive indicator of its growth potential. The company primarily serves public institutions, private enterprises, and the non-profit sector with its big data analytics software. Its diversified client portfolio reduces dependency on any single sector and positions it for sustained growth. Another factor contributing to PLTR’s growth outlook is its strategic partnerships. The company has forged collaborations with various government agencies and private enterprises, further expanding its reach and influence in the data analytics market. These partnerships enhance its credibility and provide opportunities for long-term growth. The Smart Score of 7 based on multiple data sets, including analyst recommendations, crowd wisdom, and hedge fund activity, indicates a cautiously optimistic sentiment among market experts. While the average price target of $13.32 suggests a potential downside, it’s important to note that stocks with high growth potential often come with a degree of risk, and short-term fluctuations may not fully capture their long-term prospects. Related: 8 Best Telegram Channels About AI/ML, Data Science & ChatGPT 3. Tencent Holdings (TCEHY) – Chinese Tech Conglomerate Tencent Holdings (OTC: TCEHY) is a Chinese technology conglomerate and one of the largest AI companies globally. Its popular WeChat messaging app has over 1.2 billion monthly active users. The company operates China’s ubiquitous WeChat messaging and social media app which counts over 1.2 billion monthly active users. Tencent has invested aggressively in AI technologies, leveraging its digital content, gaming, financial services, cloud computing and advertising units. Business Overview According to market reports, Tencent has spent upwards of $700 million acquiring and investing in AI startups. The company houses an in-house AI lab focused on computer vision, natural language processing, machine learning, biometrics, logistics and other key focus areas. The tech giant applies AI capabilities to offer personalized recommendations, predictive analytics, augmented reality, targeted advertising, facial/speech recognition and other applications across its products to improve user experiences and drive business efficiencies. Tencent’s fintech and cloud computing segments present strong growth runways as online services gain greater adoption in China’s mass consumer and business markets. The company holds commanding market share in online gaming through blockbusters like League of Legends and Honor of Kings. Growth Outlook In terms of earnings growth, Tencent has demonstrated a strong performance this year, with an impressive growth rate of approximately 23.49%. This indicates that the company has been able to capitalize on its existing businesses and adapt to changing market conditions effectively. Source: Tipranks Looking ahead, the projected earnings growth for the next five years stands at approximately 3.50%. While this figure may seem comparatively lower than the current year’s growth rate, it’s essential to recognize that Tencent operates in a highly competitive and rapidly evolving industry. Maintaining a steady earnings growth rate over the long term is a positive sign. Earnings per share (EPS) growth for the next year is expected to be around 30.21%. This suggests that Tencent is actively working on strategies to boost profitability, possibly through cost optimization, new product launches, or expanding into emerging markets. In terms of revenue growth, Tencent experienced a slight dip of -5.17% in the previous year. However, it’s important to note that this decline may be attributed to various factors, including global economic conditions and regulatory changes. The company’s ability to adapt and innovate in response to such challenges will be crucial for future revenue growth. 4. Intel Corporation (INTC) – Semiconductor Manufacturing Leader Intel (NASDAQ: INTC) is the world’s largest semiconductor chip manufacturer. The company is investing heavily in AI chips to power data centers, PCs and edge devices. Intel bought Israeli AI chipmaker Habana Labs in 2019 for $2 billion. In 2021, it launched its Neural Network Processors for Inference (NNP-I) family of AI accelerators. Intel’s Mobileye division makes AI chips for autonomous vehicles. Business Overview Intel designs and manufactures microprocessors for computer systems and servers, wireless connectivity systems, graphics chips, AI accelerators, and other components powering billions of smart devices globally. The company controls approximately 15% market share in the $500+ billion semiconductor industry. To bolster its capabilities in artificial intelligence chips, Intel acquired Israeli AI chipmaker Habana Labs in 2019 for $2 billion which now forms its AI Products Group. In 2021, Intel launched its latest Neural Network Processors for Inference (NNP-I) family of AI accelerators optimized for deep learning workloads. Intel also produces self-driving AI chips through its Mobileye division, which are deployed in millions of vehicles. The company further leverages AI for chip design and advanced manufacturing automation in its factories. Growth Outlook The growth outlook for the company in 2023 presents a mixed picture. In the first quarter of 2023, the company reported a significant decline in revenue, with a 36% year-over-year drop, amounting to $11.7 billion. This is a concerning trend, suggesting challenges or external factors affecting the company’s performance during that period. Source: Tipranks However, there is a glimmer of hope on the horizon. The company anticipates a turnaround in its fortunes for the rest of 2023 and 2024, with expectations of mid- to high-single-digit revenue growth. This projection implies that the company is actively working on addressing the issues that led to the Q1 2023 revenue decline and is confident in its ability to recover and grow. On the earnings front, the first quarter of 2023 paints a challenging picture as well, with earnings per share at a loss of $0.66, down from $1.31 in the same quarter of the previous year (Q1 2022). This decline in earnings per share reflects the overall financial strain the company experienced during that period. Despite the Q1 2023 earnings setback, the company’s outlook for the rest of 2023 and 2024 is more optimistic. While specific figures are not provided, the expectation is that earnings will improve, potentially signaling a return to profitability or at least a reduction in losses. Related: How AI Can Drive Profit to Business in 2023 5. Rekor Systems (REKR) – Innovator in Video Recognition AI Rekor Systems (NASDAQ: REKR) delivers advanced video recognition technologies powered by artificial intelligence and machine learning algorithms. The company’s software solutions analyze road traffic, identify license plates and recognize vehicle make/model and more using only camera feeds. Business Overview Rekor sells its AI-driven video recognition platforms to government agencies to support public safety initiatives, traffic management, electronic toll collection, law enforcement, and smart city applications. The company also serves commercial markets, including transportation, logistics, insurance, and security. Its technology can be deployed across road infrastructure, commercial sites, or connected IoT devices. Customers include the Kansas Turnpike Authority, Oklahoma Turnpike Authority, and municipalities across Ohio, Oklahoma and Texas. Rekor is evolving to a software-as-a-service business model that produces higher-margin recurring revenue. In 2021, the company grew total revenue 137% to $14.3 million and anticipates 100%+ growth again in 2022. Its high-growth trajectory highlights the expanding market demand for visual AI software. Growth Outlook In Q2 2023, Rekor reported impressive revenue figures, exceeding $8.0 million. What’s particularly noteworthy is the remarkable year-over-year growth of 110%. Such substantial revenue growth signifies that Rekor is expanding its market presence and effectively capitalizing on emerging opportunities within its target industries. Looking beyond its revenue figures, Rekor’s market capitalization as of August 30, 2023, stands at an impressive $266.84 million. This metric reflects the company’s overall valuation in the financial market and indicates investor confidence in its potential for continued growth and success. Source: Tipranks Moreover, Rekor has set a price target of $3.88 as of the same date, signaling its strategic vision for its stock’s performance. This price target represents the company’s expectations for its stock’s future valuation and can serve as a benchmark for investors assessing its investment potential. Lastly, Rekor’s assertion of experiencing a substantial increase of more than 30% in its software-as-a-service (SaaS) revenue further underscores its ability to diversify revenue streams and adapt to evolving market demands, particularly in the technology and software sectors. This growth in SaaS revenue underscores Rekor’s commitment to innovation and its capacity to deliver valuable solutions to its customers in the digital age. 6. Lantern Pharma (LTRN) – AI and Genomics for Oncology Drug Development Lantern Pharma (NASDAQ: LTRN) is a clinical-stage biotech using AI for cancer drug development. The company applies machine learning to identify biomarkers that can help predict drug response and treatment outcomes. Lantern is developing drug candidates for prostate, lung and pancreatic cancers. Its RADR AI platform analyzes data from failed clinical trials to determine why the drugs didn’t succeed and improve the chances of future success. Business Overview The company uses its RADR AI platform to analyze data from historical failed cancer drug trials to determine why those compounds failed and how to develop new drug candidates engineered to avoid pitfalls of previous efforts. Lantern’s approach aims to identify genomic and molecular factors that can be targeted with precision cancer therapies tuned to specific biomarkers and mutations in patients. The goal is to significantly boost the poor 3-5% success rate for cancer drugs in clinical trials. Lantern’s pipeline includes drug candidates focused on treating prostate, lung, and pancreatic cancer types which have weak historical treatment options. The company’s lead asset LP-300 for non-small cell lung cancer is entering Phase 2 trials in 2023. Its LP-184 drug for solid tumors has received FDA Orphan Drug status. Growth Outlook In the realm of clinical trials, Lantern has achieved a significant milestone by dosing the first patient in the Phase 2 Harmonic clinical trial. This trial specifically targets non-small cell lung cancer (NSCLC) patients with a specific gene mutation, highlighting the company’s commitment to advancing precision medicine. It is expected that by the end of Q4 2023, Lantern will have enrolled a total of 60 patients in this trial, underlining its dedication to research and development in this critical medical area. Source: Tipranks Lantern’s pipeline is also noteworthy, as the company is actively progressing four drug candidates for different cancer types, including prostate, ovarian, breast, and pancreatic cancers. This diverse pipeline demonstrates Lantern’s dedication to addressing multiple facets of cancer treatment, potentially offering new hope to patients across various cancer types. However, it’s important to note that in Q2 2023, Lantern reported no revenue, maintaining the same financial status as Q2 2022. While this may indicate the early stages of their clinical trials and drug development efforts, it’s essential to monitor revenue growth as a key metric of their financial health. On the flip side, Lantern did report an increase in net loss, with Q2 2023 showing a net loss of $4.8 million, compared to $3.6 million in Q2 2022. This suggests that while the company is investing in research and development, it is important for them to manage their expenses and strive for a sustainable financial model. As of June 30, 2023, Lantern maintained a solid financial position with $30.5 million in cash and cash equivalents. This financial cushion is crucial for the company to continue its research efforts and achieve its ambitious goals in the field of oncology. Lantern’s statement of being on track to achieve its key milestones for 2023 reflects their optimism and dedication to advancing cancer treatments. However, it is important for stakeholders and investors to closely follow the company’s progress, especially in terms of revenue generation and financial stability, as they navigate the complex landscape of clinical trials and drug development. Related: Top 10+ AI Sales Tools for Professionals in 2023 7. SoundHound AI (SOUN) – Pioneer in Conversational AI SoundHound AI (NASDAQ: SOUN) provides conversational AI technology and smart voice assistants. Its platform allows users to interact with devices through natural language conversations. SoundHound’s technology powers voice AI assistants including Mercedes-Benz’s MB Pro, Hyundai’s Intelligent Personal Agent and part of Samsung’s Bixby. It also enables voice commerce, drive-thru ordering and smart speakers.  Business Overview SoundHound has built an independent voice AI platform that allows users to engage in two-way conversations with smartphones, smart speakers, connected cars, robots, and other devices to get information, execute commands, and complete transactions. The company’s technology powers voice assistants including Mercedes-Benz’s Mobility Assistant, Hyundai’s Intelligent Personal Agent, and part of Samsung’s Bixby. SoundHound also enables voice commerce applications like ordering food through drive-thrus and supports interactive smart speakers. Notable partners integrating SoundHound’s technology include Mastercard, Deutsche Telekom, LG Electronics, Pandora and Yelp. The voice AI startup has strong global expansion momentum with operations across North America, Europe, and Asia. Growth Outlook In terms of revenue, SoundHound AI is poised for substantial growth, with expectations of expanding by more than 50% in 2023. This optimistic projection is underpinned by a robust bookings backlog that exceeds $300 million, indicating a strong demand for the company’s voice AI solutions. This demonstrates SoundHound AI’s ability to secure substantial contracts and highlights its prominence in the market. Source: Tipranks Profitability is another key focus for SoundHound AI in 2023. The company has set its sights on achieving profitability within the year by implementing a strategic plan to reduce operating expenses by 20%. Central to this strategy is the emphasis on its high-velocity SaaS product, SoundHound for Restaurants. This approach reflects the company’s commitment to financial sustainability and efficiency. 8. Canaan Inc. (CAN) – Bitcoin Mining with AI Chips Canaan (NASDAQ: CAN) manufactures bitcoin mining machines powered by artificial intelligence. The company designs ASIC chips optimized for crypto mining using AI to create advanced mining rigs. Canaan also sells AI servers for computing power sharing, intelligent robots, and AI training systems. It has shipped over 10 million AI chips to date. Business Overview In addition to bitcoin miners, Canaan sells AI accelerator cards, AI servers for computing power sharing, intelligent robots, and AI training systems. The company has shipped over 10 million AI chips to date, cementing itself as a major player bringing AI hardware innovation to the crypto industry. Canaan holds 130+ patents covering its custom AI chip designs tailored for mining Bitcoin, litecoin, and other digital currencies. Canaan markets its next-generation bitcoin miners under the Avalon brand which run on its proprietary K210, V910 and V9915 AI chips. These mining rigs deliver substantial improvements in energy efficiency, hash rate performance and stability versus previous models. Growth Outlook In terms of revenue, Canaan reported impressive figures in Q2 2023, amounting to $167.5 million. This represents an extraordinary year-over-year growth rate of 507%, showcasing the company’s ability to tap into the surging demand for its products and services in the cryptocurrency sector. Furthermore, Canaan anticipates sustaining its growth momentum, with an expected sequential revenue increase of 10% to 30% in Q3 2023. Such projections underscore Canaan’s confidence in its market position and its ability to meet ongoing demand. Source: Tipranks Earnings have also seen a significant improvement for Canaan. In Q2 2023, the company reported earnings of $0.05 per share, a substantial increase from a loss of ($0.42) per share in the same quarter of the previous year (Q2 2022). Looking ahead, Canaan expects continued improvement in earnings, with a projected range of ($0.90) to ($0.45) per share in 2023. This trajectory suggests that the company is working to enhance its profitability and financial stability. Margin performance is another key aspect of Canaan’s growth outlook. In Q2 2023, the company reported a gross margin of 28.4%, a remarkable leap from 6.4% in Q2 2022. Canaan aims to maintain a stable gross margin in Q3 2023, indicating its commitment to financial sustainability and operational efficiency. Related: Best 7 AI Financial Advisors & Stock Analysts in 2023 9. Himax Technologies (HIMX) – Semiconductor Solutions for AI Himax Technologies (NASDAQ: HIMX) provides semiconductor solutions tailored for AI image processing. The company’s offerings enable computer vision capabilities in applications like automotive, surveillance, augmented reality, smart homes and AIoT devices. Business Overview 25% of Himax’s revenue comes from products leveraging AI and machine learning. This includes driver monitoring systems, 3D sensing solutions, image signal processors and AI accelerator chips. In automotive, Himax is the global leader in driver monitoring systems used for driver safety and autonomous driving features. The company also provides 3D sensing technologies widely used in facial recognition for smartphones and laptops. Himax further produces display driver ICs, timing controllers and other semiconductor components that power billions of consumer electronics and Internet of Things (IoT) products globally. Growth Outlook The stock price forecast for HIMX suggests a potential increase of 28.6% over the next twelve months, with analysts projecting a target price of $8.00 compared to the current price of $6.22. This positive outlook indicates optimism about the company’s future performance and potential for stock price appreciation. Source: Tipranks However, it’s worth noting that HIMX has faced challenges in terms of negative earnings and revenue growth over the past year. This suggests that despite the positive stock price outlook, the company may be grappling with underlying operational issues that have impacted its financial results.. 10. Evolv Technologies (EVLV) – AI Security Screening Evolv Technologies (NASDAQ: EVLV) provides industry leading AI touchless security screening systems powered by artificial intelligence. Its systems can detect threats and weapons concealed by individuals in crowds without using metal detectors. Business Overview Evolv uses millimeter wave sensors, video cameras and machine learning algorithms to screen people in public venues in a quick, discreet and flexible manner. Customers include Six Flags, L.L.Bean, Uber, and Lincoln Center. Over 850 security checkpoints worldwide have screened more than 225 million people using Evolv’s solutions. The company sells both hardware security systems and Software-as-a-Service (SaaS) offerings with embedded AI screening software. Growth Outlook EVLV anticipates that its revenue for the year 2023 will fall within the range of $70 million to $75 million. This projection reflects a substantial year-over-year growth rate, ranging from 40% to 48%. This suggests that the company is poised for robust expansion in terms of top-line revenue, underlining its ability to capture market opportunities and increase its financial performance. Source: Tipranks In addition to revenue growth, EVLV is also targeting significant growth in its Annual Recurring Revenue (ARR), with expectations in the range of $50 million to $55 million for 2023. This represents a year-over-year growth rate of 47% to 61%. ARR is a crucial metric for subscription-based businesses, indicating the stability and growth potential of their revenue streams. Furthermore, EVLV is setting ambitious goals for its Remaining Performance Obligations (RPO), aiming for a range of $200 million to $220 million in 2023. This metric signifies the expected future revenue from existing contracts, highlighting EVLV’s commitment to maintaining and expanding its customer base. The projected year-over-year growth in RPO, ranging from 38% to 52%, suggests that the company is actively securing long-term revenue streams. Comparison Sheet: Top AI Company Stocks to Buy Under $50 Company Stock Price Analyst Rating Trading Volume YTD Performance Market Cap AIC3ai $31.22 Hold 6.77M +115.16% $3.68B Palantir Technologies (PLTR) $15.18 Hold 45.26M +105.14% $32.66B Tencent Holdings (TCEHY) $42.25 Moderate Buy 3.77M +4.81% $392.42B Intel (INTC) $36.61 Hold 43.81M +21.22% $153.32B Rekor Systems (REKR) $3.81 Moderate Buy 980.04K +207.26% $262.70M Lantern Pharma (LTRN) $4.66 Moderate Buy 30.33K -10.38% $50.65M SoundHound AI, Inc Class A (SOUN) $2.52 Strong Buy 10.33M -23.87% $607.96M Canaan (CAN) $1.99 Moderate Buy 3.75M -41.47% $338.37M Himax Technologies (HIMX) $6.17 Moderate Buy 346.91K +11.98% $1.08B Evolv Technologies Holdings (EVLV) $6.94 Strong Buy 1.31M +227.36% Key Trends Driving Growth The companies above represent diverse applications of artificial intelligence across: Enterprise software Data analytics Semiconductors Security Biotech Conversational AI But they share certain key growth drivers fueling adoption of their AI solutions: Cost Savings – AI can automate tasks and processes, reducing labor expenses across sectors. It also optimizes operations like supply chains to cut costs. Enhanced Decision  Making – AI analyzes data to spot patterns and predict future outcomes, enabling smarter real-time decisions. Personalization – AI powers individualized recommendations and experiences boosting customer satisfaction and loyalty. Safety & Accuracy – AI improves monitoring, threat detection, fraud prevention and quality control – e.g. in manufacturing. Innovation – First movers using AI gain advantages over competitors, encouraging adoption to stay ahead. These catalysts should drive sustainable double-digit revenue growth at many of the profiled companies. Profitability may take longer to achieve, but these stocks have potential to deliver outsized returns from their current valuations if execution continues. Outlook for AI Stocks AI has become an essential contributor to business success and economic growth. According to PwC analysis, AI could add $15.7 trillion to the global economy by 2030. The transformative potential of AI provides a long runway for the stocks above to capitalize on demand across industries. As AI capabilities keep advancing, these companies are well positioned to be long-term winners. However, investors should be selective when evaluating AI stocks based on financial metrics and competitive advantages. Look for companies that have meaningful traction with customers and partnerships, innovative proprietary technology, and leadership from seasoned management teams. Monitor quarterly results for signs of execution. AI investments carry more risk versus established software stocks, so position size appropriately and diversify holdings. The AI stocks above offer exposure to key trends in AI chips, data analytics, voice assistants, computer vision, healthcare and more. For investors who can accept volatility, buying shares in the most promising AI pure-plays under $50 looks like a worthwhile strategy for long-term growth. FAQs Are AI stocks a good investment for beginners? AI stocks can be suitable for beginners, but it’s essential to research and understand the market before investing. What are the potential risks of investing in AI stocks? Risks include market volatility, technological setbacks, and competition. How can I buy AI stocks under $50? You can purchase these stocks through a brokerage account. Is it advisable to invest in multiple AI stocks or focus on one company? Diversifying your investments by considering multiple AI stocks can help manage risk. Can I expect quick returns from AI stocks, or is it a long-term investment? AI stocks can provide both short-term and long-term opportunities; the choice depends on your investment goals and risk tolerance. Read more related topics: Top 5 AI Stocks Preferred by Billionaires and Fund Managers Best 12 Passive Income AI and ChatGPT Ideas in 2023 The 20 Richest AI Billionaires in the World The post Top 10 AI Company Stocks to Buy Under $50 in 2023 appeared first on Metaverse Post.

After uncovering Robinhood as a top “Whale” in BTC and ETH globally, the on-chain data platform Arkham has revealed intriguing details about Grayscale, showing that they hold a substantial amount of Ethereum worth $5 billion. Through careful analysis and aggregation of wallet addresses, Arkham has identified that Grayscale owns 2.98 million ETH, distributed across 500 different wallet addresses. Grayscale, a company specialized in issuing cryptocurrency investment products in the form of funds, has emerged as the second-largest holder of Ethereum on the Ethereum network. The company holds cryptocurrency assets in funds and issues fund shares to investors, making it easier for them to access ETH without the need to directly hold it. One of Grayscale’s well-known products related to Ethereum is the Grayscale Ethereum Trust (GETH), with assets under management also totaling $5 billion, aligning with Arkham’s findings. Beyond Ethereum, Grayscale manages investment fund products for various other major cryptocurrencies such as Bitcoin, Solana, Chainlink, Bitcoin Cash, Ethereum Classic, Zcash, and DeFi indexes, with total assets under management reaching $21.4 billion as of September 2, 2023. Grayscale’s fierce battle extends not only to the Ethereum market but also to its efforts to convert the Grayscale Bitcoin Trust (GBTC) into a Bitcoin ETF, a proposal recently approved by the U.S. Securities and Exchange Commission (SEC). Both GBTC and GETH experienced significant price declines during the crypto market’s downtrend from 2022 to 2023 due to the absence of a conversion mechanism from fund shares to BTC or ETH. Grayscale hopes that transforming its cryptocurrency funds into ETFs will help mitigate this discrepancy and attract more investors. Finally, Arkham has also provided intriguing information about the popular U.S. securities and cryptocurrency trading platform, Robinhood. According to Arkham, Robinhood ranks as the third-largest holder of BTC on the Bitcoin network and the fifth-largest holder of ETH on the Ethereum network. Source: https://azcoinnews.com/arkham-discovers-wallet-addresses-holding-grayscales-5-billion-in-eth.html

Collapsed crypto exchange FTX’s new management might be on the verge of dumping its huge Solana (SOL) holdings, based on the movement of tokens from wallets—and the protocol’s co-founder has a “win-win” solution in mind. Data shared on Twitter shows that FTX cold storage wallets, further identified via blockchain explorer Solscan, started to move its SOL yesterday. Multiple cold storage FTX wallets collectively hold nearly 7 million SOL, blockchain data shows. That’s about $134 million worth of the asset at today’s prices. The Solana Foundation last year disclosed that it and Solana Labs had collectively sold FTX and its sister trading firm Alameda Research a total of 58,086,686 SOL—today worth $1.1 billion. It isn’t clear how much SOL the collapsed crypto giant still held at the time of its November bankruptcy filing. Analysts, including crypto venture capitalist Adam Cochran, speculated about the recent cold storage moves on the social media platform, with Solana co-founder Anatoly Yakovenko chiming in to say that he’d prefer the SOL was dished out to ex-FTX customers. “My wish would be to distribute the SOL to all the FTX customers directly,” he said. “Probably the least worse outcome for everyone.” watch out on $SOL 🧸🎯https://t.co/q3Ah4ihcnV pic.twitter.com/BOkPr67nMt — Napgener🧸🎯 (@napgener) August 31, 2023 He went on to say that “getting [SOL] distributed to 5 million users would benefit the network over the long term,” and that “it would probably have the best outcome” if users were able to have control of the assets and sell their share at a Dutch auction. He described the plan as a "win-win." If each user had the option to 1. Take the even split 2. Sell their share in a Dutch auction 3. Bid into the Dutch auction with a priority over external bids It would probably have the best outcome for the whole user base. Just rip the bandaid off with the least amount of… — toly 🇺🇸 (@aeyakovenko) August 31, 2023 Yakovenko and the Solana Foundation did not immediately respond to Decrypt’s request for comment, and FTX’s new management did not confirm that it was planning to sell the SOL. Former FTX customers are waiting to get their assets back after the exchange went belly up last year. Solana Foundation Details FTX, SBF Financial Ties as SOL Struggles Before it went bankrupt, the digital asset behemoth FTX had deep ties to Solana, the 10th-largest cryptocurrency by market cap. FTX co-founder and former CEO Sam Bankman-Fried had been a prominent Solana supporter, and the company launched a marketplace for Solana NFTs and also invested in numerous Solana-related projects. FTX went bankrupt in November 2022 due to alleged criminal mismanagement. Around $8.7 billion in customer cash was allegedly misappropriated, prosecutors allege, and Bankman-Fried faces 13 criminal charges after his arrest last year. $SOL

The court ruling on the lawsuit between Grayscale and the SEC was announced today. As a result, the court decided to accept Grayscale's petition and to revoke the commission's decision, thus signing an important result. #Bitcoin ( Grayscale filed a lawsuit with the SEC in June 2022 after the SEC rejected the conversion of its Bitcoin Trust (GBTC) product into a spot ETF. #Grayscale considers #SEC an inconsistent and arbitrary decision to reject spot Bitcoin ETF applications while accepting leveraged Bitcoin futures ETFs. What is Grayscale? Grayscale is a digital asset management company headquartered in New York. Founded in 2013 by Barry Silbert, Grayscale offers a variety of products and services to individual and institutional investors to invest in cryptocurrencies. Grayscale's most popular product is mutual funds that track various cryptocurrencies such as Bitcoin, Ethereum, Cardano, Bitcoin Cash, Litecoin, and XRP. Instead of purchasing cryptocurrencies outright, these funds keep them in a private Grayscale wallet. This allows investors to invest in cryptocurrencies without having to physically buy and store cryptocurrencies. Grayscale also offers tailored services to institutional investors looking to invest in the future of cryptocurrencies. These services include helping make cryptocurrencies affordable for institutional investors, advising institutional investors looking to invest in cryptocurrencies, and helping make cryptocurrencies more accessible to institutional investors. Grayscale is one of the largest and most successful companies in the cryptocurrency industry. The company's funds have over $200 billion in assets, making it the world's largest cryptocurrency mutual fund company. Grayscale has contributed significantly to the growth and development of the cryptocurrency industry and has helped the adoption of cryptocurrencies by a wider investor base. Some of Grayscale's key products and services include: Bitcoin Trust (GBTC): A mutual fund for investing in Bitcoin. Ethereum Trust (ETHE): A mutual fund to invest in Ethereum. Cardano Trust (ADA): A mutual fund for investing in Cardano. Bitcoin Cash Trust (BCHG): A mutual fund for investing in Bitcoin Cash. Litecoin Trust (LTCN): A mutual fund for investing in Litecoin. XRP Trust (XRPt): A mutual fund for investing in XRP. Grayscale Institutional Bitcoin Trust (GBTC I): A private Bitcoin investment fund for institutional investors. Grayscale Institutional Ethereum Trust (ETHE I): A private Ethereum mutual fund for institutional investors. Grayscale Institutional Cardano Trust (ADA I): A special Cardano mutual fund for institutional investors. Grayscale Institutional Bitcoin Cash Trust (BCHG I): A private Bitcoin Cash mutual fund for institutional investors. Grayscale Institutional Litecoin Trust (LTCN I): A dedicated Litecoin mutual fund for institutional investors. Grayscale Institutional XRP Trust (XRPt I): A dedicated XRP mutual fund for institutional investors. Grayscale Digital Large Cap Fund (GDLC): A mutual fund that invests in a combination of Bitcoin, Ethereum, Cardano, Bitcoin Cash, Litecoin and XRP. Grayscale Future of Finance Fund (GFF): a mutual fund that invests in cryptocurrencies, blockchain and other new financial technology companies. Grayscale Investment Management (GIM): A company that provides consultancy and management services to institutional investors on cryptocurrencies and blockchain. $BTC $ETH $BNB

Some cryptocurrencies offer long-term growth potential for owners, but many are ideal to buy for a short-term transaction before switching to the next trending token. Long-term cryptocurrency investments benefit from larger price changes that occur over a longer period of time rather than smaller ones that occur quickly. The cryptocurrency industry is notorious for its high level of unpredictability, which presents opportunities for sizeable gains for those willing to closely monitor markets, albeit this can be stressful for handling trades. Unfortunately, this volatility can also result in large losses. Although sticking onto your investments for a longer period of time generally entails lower risk, long-term cryptocurrency investments can come with concerns. The best cryptocurrencies for long-term investments are listed below. BTC, or Bitcoin The largest cryptocurrency in the world by market capitalization, Bitcoin has found use in both online and offline transactions as well as as a buy-and-hold asset in many people’s investment portfolios. It has established itself as a long-term holding in the cryptocurrency market, positioning itself more as a safe-haven investment than a traditional currency. Due to Tesla CEO Elon Musk’s announcement of the company’s $1.5 billion investment and subsequent intention to accept bitcoin payments for its vehicles, bitcoin received a lot of attention in 2021. Notably, several businesses have adopted bitcoin as a form of payment, frequently inadvertently, including Microsoft, Rakuten, The Home Depot, and PayPal. Additionally, several companies are incorporating bitcoin into their investing plans. In September 2022, Colorado became the first state to accept bitcoin as a method of tax payment, marking a historic milestone. The best-performing investment asset over the past ten years has been bitcoin, thanks to its exceptional performance. As of today, August 26, the price of one bitcoin is $26,010, with a $29.81 billion 24-hour trading volume and a $506.20 billion market value. In the past week, the price of bitcoin has increased by 0.69%. On November 10, 2021, while it was trading at an all-time high of $68,770, Bitcoin attained its highest price. The 200-day SMA for Bitcoin, according to technical indicators, is predicted to rise in the upcoming month and reach $28,014 by September 25 of 2023. Furthermore, it is projected that Bitcoin’s 50-Day SMA would reach $29,322 by that time. The Relative Strength Index (RSI) is at 22.82 right now, which shows that the BTC market is oversold. The chain link In order to provide safe and impenetrable data feeds, Chainlink, a decentralised oracle network on Ethereum, links smart contracts to actual data sources. Smart contracts can communicate with other data sources, APIs, and traditional banking systems because to its decentralised Oracle network. This is crucial for DApps because it incorporates real-world data into blockchain, expanding the use cases for smart contracts. Growing blockchain use increases the demand for external data that has been verified in order to trigger smart contracts. Chainlink’s technology is used in a variety of industries, including finance, insurance, gaming, and supply chain management. Chainlink is a well-known oracle supplier. Given the market demand for Chainlink’s services, this might increase the value of $LINK, its native token. Chainlink’s current market value is $6.03, an increase of 0.51% over the previous day. Chainlink’s support levels are $5.93, $5.83, with the strongest level being $5.73, taking into account the current classical pivot point at $6.03. Chainlink’s resistance levels are therefore set at $6.12, $6.23, and $6.32. BNB, the Binance Coin Binance Coin becomes a desirable option for long-term investors in 2023. With a wide range of uses and adaptable characteristics that considerably increase its value for users rooted in the Binance ecosystem, $BNB stands out as a top utility asset in the cryptocurrency space. Notably, BNB practises a unique burndown strategy that results in a permanent decrease in the token supply. This strategy guarantees scarcity and could eventually increase the value of BNB. The performance of Binance Coin has fluctuated, reflecting the inherent volatility of the cryptocurrency market. BNB peaked on May 10, 2021, at about $690.93 during an upbeat period in the beginning of 2021. The price of Binance Coin is currently $217.09, with a $669.50 million 24-hour trading volume and a market capitalization of $33.40 billion. The price of $BNB has increased during the past day by 0.32%. By August 31, 2023, the price of Binance Coin is predicted to climb by 11.39%, reaching $242.53, according to the current estimate. Is Investing in Cryptocurrencies Long Term a Good Idea? Depending on your investment goals will determine the choice. Investigating cryptocurrency investment may be a wise move if you have cash on hand and are willing to invest it over the course of one to twenty years. Additionally, taking into account crypto presales might be a helpful route, enabling you to enter projects at an early stage and possibly amplifying your gains as they acquire popularity. Wall Street Memes Wall Street Memes is one of the top 2023 cryptocurrency presales. Over 1 million people have naturally joined this new meme-based community across various social media sites. Influential people like Elon Musk have been participating in Wall Street Memes’ social media conversations ever since it launched in 2019. The website is a well-liked platform that invites investors to interact with the financial markets in a lighthearted way by using memes. The team behind the project hopes to create value by leveraging community support, inspiring FOMO, and leveraging social media excitement. Early investors can earn returns with the $WSM, an ERC20 meme token with no real-world use. With a 2 billion token supply, Wall Street Memes has promised to make $WSM a completely community-driven token. Of these, 50% will go towards the presale and 20% will go towards ensuring liquidity on the CEX and DEX platforms. Community incentives within the ecosystem will receive the final 30%. The final presale round is currently priced at $0.0337, and the initiative has already raised over $25 million. Wall Street Memes hopes to raise more than $30.57 million during the presale in order to issue the cryptocurrency on tier-one exchanges by the end of September. With 97 days left, the project has received 83,648 entries in its current $50k airdrop, which is being used to celebrate the success of its presale. Participants who want to take part in the airdrop just merely follow the social media accounts of the five winners to be eligible. #crypto2023 #Binance #dyor