Tag: How To Invest In Crypto (Page 1 of 2)

Crypto is Collapsing: Should You Take Your Money Out?

Market News | Crypto News: Should You Take Your Money out of Crypto?
Market News | Crypto News: Should You Take Your Money out of Crypto?

Crypto is collapsing and it’s been a very tough year for cryptocurrency holders as exchanges face the possibility of bankruptcy.

BlockFi is preparing for potential bankruptcy after halting withdrawals of customer deposits and acknowledging it has significant exposure to the now bankrupt exchange FTX, per the WSJ.

BlockFi paused withdrawals and limited activity on its platform last week, saying it couldn’t operate business as usual given the uncertainty surrounding FTX.

The exchange is now planning to lay off workers as the troubled firm prepares for a possible chapter 11 bankruptcy, said people familiar with the matter.

The Coinbase Pro cryptocurrency platform is also shutting down for good, per NerdWallet.

And a Hong Kong-based AAX crypto exchange is suspending all of its operations, per Watcher. Guru.

Crypto has had its ups and downs, but what’s occurring today seems like it’s going to have a longer effect on investors.

Should investors take their money out of crypto now?

Let’s discuss it.

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Bitcoin Magazine Warns Investors

Should you sell your crypto? Should you sell bitcoin?
Should you sell your crypto? Should you sell Bitcoin?

Just $3.7 billion Bitcoin were taken off exchanges last week per Bloomberg.

Bitcoin had fallen below $16K and is now trading just below $17K.

Now venture capitalists who invested in FTX are considering suing Sam Bankman-Fried for alleged fraud.

Confidence in the crypto space has fallen amidst the collapse of these exchanges.

The worst part is the number of investors who have been caught up in this mess.

According to the Washington Examiner, celebrities such as Tom Brady have lost most if not all of their investment in FTX.

Other athletes include Stephen Curry who had also signed previous agreements with FTX to promote the company.

Now Bitcoin Magazine and Unusual Whales are saying to get your money out of Bitcoin and crypto exchanges, signaling that matters could get worse before they get better.

Related: How to Invest in Cryptocurrency for Beginners

Will Crypto Go Back Up?

why is crypto collapsing? Will Crypto go back up?
Why is Crypto collapsing? Will Crypto go back up?

The current crypto crash we’re seeing today has been the result of centralized financial errors, according to CoinDesk.

“The meltdown of Sam Bankman-Fried’s crypto trading empire could not, and would not, have happened to a decentralized and transparent protocol”, says the Amanda Cassatt.

JP Morgan has also identified centralized players as the root cause of recent crypto collapses.

Will cryptocurrencies go back up?

With time and with investor confidence, the crypto market will eventually recuperate.

Should investors take their money out today?

This is going to depend on the individual’s need for liquidity.

With an economy that is currently fighting inflation, and unemployment rates rising, having capital at hand might just prove to be useful as today’s uncertainty only becomes more uncertain.

But I’d love to hear your thoughts on this.

Let’s start a discussion, leave your thoughts below.

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Related: List of 4 Best Crypto Exchanges for Beginners


Retail Investors Have Big Opportunity in the Market Right Now

Stocks and Crypto to buy in a bear market.
Stocks and Crypto to Buy in a Bear Market | Opportunity in the market right now.

That’s right, even in today’s bear market, retail investors have big opportunity right now.

If you’re a new investor or entered the market during the bull run, chances are your portfolio is down significantly.

But don’t let your first bear market shake you off because there are numerous opportunities out there that have the potential to yield big returns.

If you’ve been reading my blog for a while now, you’ve more than likely capitalized on opportunities such as AMC, HYMC, Shiba Inu Coin, Terra Classic, and Bitcoin during properly and fortunately timed moments.

So, what’s new?

In this article, I’m going to go over the opportunities I see that lie ahead for retail investors.

None of the information on my blog is financial advice but rather speculative content based on current information and trends in the market.

And with that being said, let’s get started.

Not Invested in The Markets Yet?

If you or someone you know are not invested in the markets yet, the two articles below are going to walk you through, step-by-step on how to buy stocks for the very first time and how to buy cryptocurrency for the very first time, too.

Much information on how to invest in the markets is outdated so I wanted to create easy guides for beginners.

You can read them here to get started:

Remember, one of the greatest wealth you can share with someone else is that of knowledge.

Opportunities in the Stock Market Today

opportunities in the stock market today
Opportunities in the stock market today.

During a bear market share prices tend to tumble, hence why many long-term investor’s portfolios tend to lose value.

And although we can’t entirely time the bottom, we know that at some point the stock market is at a massive fire sale.

Value investors such as you and I can pick up shares from our favorite companies at these low prices before the market reverses trend.

Economists, analysts, and entrepreneurs alike predict there is still room for another 10%-15% drop in the markets.

But for the record, these are just predictions after all.

The point here is for value investors to capitalize on this falling trend by purchasing low and holding during the next bull market.

Whether you choose to capitalize on opportunities presented in a bull market or not will ultimately be up to you.

However, capitalizing during a bull market will require value investors to buy during a bear market, not during the bull market.

After being involved in the retail community for almost three years now, there are stocks and crypto that just stand out as having big potential during the next bull run and I’m going to discuss them below.

Stocks Worth Buying During a Bear Market

None of the information provided below is financial advice, but rather speculative in nature based on market trends and current information at the time of publication.

AMC Entertainment Stock (AMC)

You’ve probably heard all the ruckus on AMC and ‘meme stocks’.

It’s true, the stock jumped from $5 per share to an all-time high of $72 per share.

AMC Entertainment stock is currently trading below $6 again due to this bear market.

What makes this stock such an interesting value investment is that it has a huge community made up of millions of people who plan to take its current price up again.

Plus, the company has beat earnings every quarter since 2021.

Investing in the largest movie theater chain in the world could prove to pay out big during the next bull market.

SPY Stock (SPY)

I’ve talked about SPY stock numerous times on my blog.

It’s even made the list of best divided stocks to buy for passive income.

SPY is the S&P 500 index fund that tracks the top 500 performing companies in the U.S and has been a favorite amongst value investors for a long time.

Warren Buffett himself says he’s moving 90% of his wealth to this specific stock when he departs us.

Just this thought should speak for itself.

SPY has a great track record for its increased value over time.

Vanguard Real Estate REIT (VNQ)

I believe every value investor should have at least one great performing REIT, or Real Estate Investment Trust.

VNQ is Vanguard’s commercial real estate investment trust with a great track record since the recession of 2008.

The REIT is also on the list of the best dividend stocks to buy for passive income.

While the real estate market is set to retrace some of its gains, keeping an eye on this stock may provide retail investors with big opportunity during the next bull market.

GameStop Stock (GME)

What GameStop is doing with their NFT marketplace is genius and not a lot of people know about it.

Wonder why, *ahem, mainstream media*.

The video game company is making it available for people around the world to own actual digital items inside games through the use of blockchain technology.

The opportunity this technology will bring to entrepreneurs and flippers alike in the future is massive.

Investing in GameStop early on could have massive potential as our economy shifts towards the digital/metaverse economy.

Amazon Stock (AMZN)

Amazon is now affordable for just about any value investor to buy shares from.

The company stock traded above $3K per share before its 20-for-1 stock split made it available for everyone to purchase.

AMZN is currently trading below $100 per share and it’s a steal whether you’re anticipating another 10%-15% market drop or not.

Tesla Stock (TSLA)

Despite what you might think of eccentric billionaire Elon Musk, you cannot deny what the entrepreneur has created is fascinating in its own respect.

Tesla stock has shown outstanding growth in the past even after stock splits.

We’ve seen this company’s stock reach massive popularity during the previous bull market.

In fact, it was right under AMC Entertainment stock as the most searched for stock on Google in 2021.

Meta Platforms Stock (META)

Most boomer investors, like mainstream media, don’t truly understand the potential of Meta.

While Zucks might currently get made fun of by Wall Street ego, there’s a huge opportunity investing in early technology, especially a technology that one day may change the world as we know it.

Today’s innovators will carry the baton, whether old power likes it or not.

Crypto to Buy During a Bear Market

crypto to buy in a bear market.
Crypto to buy in a bear market.

Here’s a list of cryptocurrencies I’m keeping an eye on in today’s bear market.

Think a stock or cryptocurrency should be on this article?

Leave a comment down below!

Share This Article for A High-Five

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If you’ve made it this far, it means you’re taking the steps to simply try to figure things out for yourself financially.

Well done on your part for seeking the information on how to become a better investor than you were yesterday.

Share this article with someone you care about or publish it on social media for others to see!

You never know whose life you may change by simply sharing the knowledge you’re taking in.

With that being said, thank you for being here today.

Until the next one.

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LUNA (Terra Classic) Could Be Headed for Higher Gains

Will LUNA keep going up
Crypto News: Will LUNA keep going up?

$LUNC, Luna is making a ruckus in the crypto community as it rises from the grave.

The crypto community either brushed the cryptocurrency as another failure and walked away or took advantage of the price and bought Terra Classic at incredible lows.

Investors want to know two things.

What’s causing LUNA to go up, and will it continue to set higher levels of support?

Let’s break it down together.

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Welcome to Franknez.com – if you haven’t joined the newsletter, be sure to do that below. I’m publishing stock and crypto news every week.

Let’s dive right into it!

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Luna Classic Community shows ambition

The Luna Classic Community on Twitter has crypto enthusiasts on both sides of the fence.

Crypto investors are either up on gains in LUNA and continue to hold the cryptocurrency or are merely on the sidelines waiting for the asset to smash through the ground.

But bigger influencers such as David Gokhshtein are skeptical stating $LUNC is a lottery ticket.

Gokhshtein was a huge supporter of the project during the surge to $80 and $100 but has since deleted all tweets prior to the crash of UST (Terra Network).

LUNA supporters are hoping to pump the crypto to $1.

And while no one can rightfully predict how high LUNA ($LUNC) can go, the cryptocurrency seems to be setting higher support levels.

Why is LUNA (Terra Classic) going up?

Why is LUNA going up?
Why is LUNA going up? Franknez.com.

Terra Classic ($LUNC) seems to be having a great deal of volume coming in.

The cryptocurrency saw more than $1 billion in daily volume in the beginning of September where it then turned into $2 billion per day.

It seems whales are moving big money into this very speculative trade and slowly pumping it in order to profit later.

Whales (big money) are the ones who have the power to move the markets so it would only make sense as to why large sums of cash are being pushed through LUNA and not a bigger asset such as Bitcoin.

These investors who have been liquidating from BTC and Ethereum might be looking at other cryptocurrencies to capitalize from.

But those are just my thoughts, I’m curious to know what you think.

Buy LUNA with KRAKEN! 👈

Is Terra Classic done running up?

What we do know is that Terra Classic ($LUNC) continues to set higher levels of support, which gives reason as to why LUNA could potentially be headed for higher gains.

Especially if whales are indeed pumping the security for quick profits.

I noticed big volume was going into this cryptocurrency and had called out momentum rising around .00031, LUNA has reached a high of 0.00048 since.

If you’d like more updates on $LUNC and other crypto, join my newsletter for weekly updates or connect with me on social media.

Related: How to buy Cryptocurrency for Beginners

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These Powerful Cryptocurrencies Have Crazy Predictions

Cryptocurrencies List Price Predictions
Cryptocurrencies With High Price Predictions

If you’re new to the crypto world, I’m going to provide you with a list of cryptocurrencies to watch.

Cryptocurrency has earned early investors millions and even billions of dollars in ROI.

You might be thinking, is it too late to buy crypto? The short answer is absolutely not.

And if you’re not invested in crypto yet, I’m going to leave a link at the end of this article of my step by step guide on how to buy cryptocurrencies.

franknez.com

Welcome to Franknez.com – if you’re part of the Patreon you’ve seen when I add a cryptocurrency to my crypto portfolio. Today I want to talk cryptocurrencies and why these powerful assets will keep on surging.

Let’s get started!

Now, a lot of you might be familiar with Dogecoin, Bitcoin, and Ethereum.

These are some of the most popular cryptocurrencies out there.

Just recently Shiba Inu Coin began trending as well.

These so called ‘speculative’ plays have earned investors gains unlike anything else in the markets.

These are only some powerful crypto plays that are nowhere near done growing primarily because of their communities!

#1. Ethereum (ETH)

Ethereum Cryptocurrencies
cryptocurrency list – Ethereum prediction – cryptocurrencies futures

Shark Tank star and Dallas Mavericks owner Mark Cuban just said, “as an investment, I think Ethereum has the most upside.”

And he’s not the only one who speculates ETH is in it’s infant stage either.

But before I continue, this article won’t be about the technical side of the cryptocurrencies themselves but rather a worldview of the crypto’s upside as an investment.

How high are analysts predicting Ethereum to go?

In a recent Forbes article, a panel of crypto experts including Sagi Bakshi and Lex Sokolin predict that ETH could rise as high as $19,842 by 2025 and that by the end of 2022 it could be the most widely transacted cryptocurrency due to its expanding utility in the marketplace”, via Crunchbase.

At the publication date of this article, ETH cryptocurrency is trading close to $3.1k.

Joe McCann, an angel investor and crypto margin trader believes the Ethereum could even reach as high as $50,000.

Ethereum developer and supporter, Anthony Sassano believes ETH can go even higher. Giving it a $150,000 prediction by 2023.

Community, this is insane. In a very very good way.

If we’ve learned anything from AMC and GameStop, it’s that investor sentiment is what drives the markets.

And the crypto community is one of the most bullish investing communities out there.

#2. Bitcoin (BTC)

Bitcoin crypto list - cryptocurrency list
Crypto List – Bitcoin price prediction – cryptocurrencies futures

Bitcoin is probably one of the most if not the most popular cryptocurrencies in the crypto space.

This revolutionary crypto broke the perception of what people ever imagined could become a reality.

To think BTC traded only a few cents during its inception to now trading over $43.8K is astonishing to say the least.

If you’re on the Patreon, you know I bought the dip a few times when Bitcoin was trading around $32k-$38k back in June and July.

Most analysts see Bitcoin reaching $100k per BTC.

In a Forbes panel, the average came to $107K with 1/3 saying Bitcoin will reach more than $120,000.

Capital.com analyst, Mikhail Karkhalev predicts Bitcoin will reach $170,000 by the end of 2022 or early 2023.

CNBC asked Chamath, an early Facebook investor and venture capitalist, how high he thinks Bitcoin will continue to soar earlier this year.

Listen to Chamath’s response below.

Chamath Bitcoin Price Predictions – cryptocurrencies futures

“Where is it going? It’s probably going to 100, then 150, then 200 thousand”.

Chamath was one of the first people to invest in Bitcoin a decade ago.

You might be thinking, “is it too late for me to invest in Bitcoin?”

The truth is it’s not.

See, crypto exchanges allow you to purchase fractions of Bitcoin or any other cryptocurrency.

As cryptocurrencies go up, your investment will go up, even if you’ve only put $100 in the market.

However, for significant ROI you’ll want to have quite a significant amount of money invested.

#3. Cardano (ADA)

Cardano Crypto list
Crypto List – Cardano – cryptocurrencies futures

Cardano was founded in 2015 by Ethereum co-founder Charles Hoskinson.

It’s ties to the Ethereum co-founder have made it a very popular crypto to buy, especially at it’s incredibly low price.

Cardano is currently trading around $1.18 and traded at $0.02 during its inception.

The trader sentiment is extremely strong with more than 99% of investors currently buying this cryptocurrency.

Analysts want to see this coin reach a new all-time high of $4.

Price predictions for ADA vary:

WalletInvestor predicts Cardano cryptocurrency to reach over $14 by the year 2026. However, they predict Cardano to reach $4.50 in one year.

Based on this prediction, buying today could double your profits in one year from now and multiply it by seven in five years.

ADA is a long-term crypto investment. I’m bullish.

#4. Dogecoin (DOGE)

Dogecoin cryptocurrency list
Cryptocurrencies List – Dogecoin – Cryptocurrencies futures

Dogecoin has to be the biggest meme cryptocurrencies in the market. I would consider DOGE to be one of the riskiest too.

Primarily because of the edge other coins have. Other cryptocurrencies are trying to solve real-world problems where as Dogecoin is a community meme.

However, it’s this community that’s allowed DOGE to be an extremely successful cryptocurrency this year.

It has gained a whopping 9000% just from one year alone.

Just like AMC and GameStop show us, communities are everything. Communities have power and I believe that Dogecoin will continue to surge as long as its community of retail investors want it to.

Dogecoin is currently trading around $0.17 and peaked at $0.74 back in May earlier this year.

You might know Mark Cuban and Elon Musk for being two massive supporters of the DOGE community.

Being in the AMC community, I’m very proud of communities and tip my hat to DOGE for what it’s created.

CryptoNewz predicts Dogecoin hover above $1.07 in the year 2022.

Based on this prediction, you could multiply your money by 4 in the short-term.

#5. (What Do You Think?)

What other cryptocurrency or cryptocurrencies at that, should be on this list?

Do you hold any of these on this list? What’s your favorite coin? Let’s have a discussion. Leave a comment below!

Honorable mentions

  1. XRP (XRP)
  2. Shiba Inu Coin (SHIBA)
  3. Tether (USDT)
  4. Binance Coin (BNB)
  5. Polkadot (DOT)
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Read: How To Invest In Crypto | Read: Learn How to Buy Uniswap


Here’s Why You Shouldn’t Sleep on Shiba Inu Coin

Here's why you shouldn't sleep on Shiba Inu Coin
Shiba Inu News – SHIB coin – Shiboshi – Should you buy Shiba Inu coin?

Shiba Inu Coin is up more than 57 million percent this year.

The cryptocurrency has become one of the most popular cryptos since its rise to 9300.

It’s made the top 10 list of most popular cryptocurrencies and continues to gain mass attention from the crypto community.

However, SHIB has been falling for two months straight since its runup.

Should you buy Shiba Inu coin now or wait for more dip?

franknez.com

Welcome to Franknez.com – today I want to touch topic on a beloved cryptocurrency that continues to stand out and innovate.

Let’s get started!

Shiba Inu Innovation

One of the biggest reasons you’d invest in a cryptocurrency is whether the crypto is innovating or not.

While Shiba Inu Coin might have started as a meme, it has many plans for the future that make it an attractive long-term investment for current SHIB holders.

Let’s start with some of the most recent SHIBA news.

Shiba Inu Games

Shiba Inu Games Playside Studios
Shiba Inu News – Shiba Inu Games

SHIB has announced that they are finalizing paperwork with a triple A studio (AAA Studio) to create both mobile gaming and metaverse gaming, via. Shytoshi Kusama.

And although they can’t say much, they mention that this AAA Studio has worked with the likes of Disney and Warner Bros., so you know this is going to be quality work.

In fact, the studio just launched its Twitter account this month of December.

PlaySide Studios will be the AAA Studio working on this project.

Joining the Shiba Inu team is game industry veteran, William Volk.

William Volk was the former Vice President of Tech for Activision.

“I am honored to be working with an amazing team on what will become one of the most significant games of all time”, says William.

The first game the SHIB team will be developing is called Shiboshi and will be primarily for mobile.

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The Launch of SHI Stablecoin

The next launch for Shiba Inu is SHI, a stablecoin expected to launch after the Shibarium project has gone live.

Shibarium is a layer 2 solution that essentially speeds up transaction processing and reduces gas fees, making it a better more updated platform.

According to Ryoshi, SHI is meant to be a global stable currency that is used both as a store of value and method of payment.

There is currently no set date for the release of this project, however, we know that the stablecoin will start at $0.01.

Shiba Inu Coin Now Accepted as Payment

shiba inu coin payment
Shiboshi – Shiba Inu Coin Payments – Shib Coin – Should you buy Shiba Inu coin?

Shiba Inu Coin is now being accepted in more places than ever before.

SHIB has now been accepted as a form of payment via BitPay which is going to allow a ton of merchants to accept the crypto.

This type of attention draws more investors towards buying the cryptocurrency.

We’ve also seen AMC Entertainment recently announce their acceptance of Shiba Inu Coin too.

Read: The most innovating things happening with AMC today

And with Shiba Inu Coin now trading on Kraken, it’s only a matter of time before larger trading platforms such as Robinhood begin trading the cryptocurrency.

SHIB has gone mainstream and is no longer considered to be a meme token by some.

The value this crypto is providing in projects to several communities is astonishing.

Shiboshis (Shiba Inu NFTs)

Shiboshis NFTs
Shiba Inu NFTs – Shiboshi – should you buy Shiba Inu coin?

Shiboshis are another one of Shiba Inu Coin’s innovative projects in the NFT realm.

The NFT community is changing the way we transact value, product, and services.

If you don’t know how massive NFTs are becoming or how they’re changing today’s world, you have to bookmark this article here.

While NFTs may be highly profitable investments, they’re more about community.

And it’s this community that exposes the world to SHIB and will continue to increase its value as a cryptocurrency.

Should You Buy Shiba Inu Coin?

should you buy shiba inu coin
Shiba Inu News – Should you buy it? – Shiboshi – Shib Coin

SHIB is too affordable for anyone to not put something into it.

You don’t have to make an incredibly large contribution.

But if you’re betting on innovation and a growing community like I am, then it is certainly a buy.

Some of my readers got in on SHIB before the runup when I sent out the email via my newsletter and made a lot of money trading it.

Many continue to hold it for its long-term potential.

This cryptocurrency doesn’t have to move up very much to make investors a lot of money.

Look at it this way – many people will become millionaires when SHIB hits one penny.

Yeah, it’s that affordable right now.

Regardless of investor opinion, you cannot deny SHIB knows how to provide value to a number of growing and innovating communities.

Are You Invested in Shiba Inu Coin?

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If you’re holding Shiba Inu Coin in your portfolio, leave a comment below.

I’m curious, how many of you are holding more than 1 million SHIB?

And if you’re not invested in SHIBA yet, read my guide on how to invest in cryptocurrency for beginners, or simply open your account with Coinbase  to begin today.

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October 24, 2021 Topic Discussion with FrankNez – Shiboshi – Shib Coin

Will ApeCoin Continue to Skyrocket in Value?

Will ApeCoin continue to go up in value?
You can now buy ApeCoin with Coinbase – Will ApeCoin keep going up?

Should you get in on ApeCoin or stay the hell away from it!?

ApeCoin was made available to retail investors on Wednesday, March 16th.

The cryptocurrency comes from a partnership between The Bored Ape Yacht Club and a decentralized company, ApeCoin DAO.

The new cryptocurrency has gained the attention of the retail community primarily invested in NFTs and crypto.

But stocks, crypto, NFTs, that’s what the new generation is all about.

ApeCoin started at $1 per token and is currently trading over $14!

Will the cryptocurrency continue to go up in value?

Let’s talk about it.

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Let’s dive right into it!

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What is ApeCoin?

ApeCoin is a cryptocurrency deriving from the Ethereum blockchain launched by the Bored Ape Yacht Club (BAYC).

If you don’t know who BAYC is chances are you might have seen their popular NFTs online at some point.

They depict creative and stylish bored apes that sell tremendously high on the market!

Below is a gallery of their work.

Bored Ape Yacht Club NFTS

The company Yuga Labs is the creator of both the Bored Ape Yacht Club and now ApeCoin.

ApeCoin is owned and operated by the ApeCoin DAO, a decentralized organization where each token holder gets to vote on governance and use of the Ecosystem Fund.

What is the purpose of ApeCoin?

ApeCoin ($APE) is a token for culture, gaming, and commerce used to empower a decentralized community building at the forefront of web3.

The cryptocurrency is essentially creating a token for members of its community to further enrich its NFT culture.

Will Yuga Labs’ new cryptocurrency have the same ‘status’ as Bored Ape Yacht Club NFTs do?

It’s certainly possible, but I’d love to hear your thoughts on this in the comment section at the end of the article.

The project is looking to create value within the blockchain culture, which has many possibilities that are still to this date unknown.

Just like when the internet was new, this new culture of blockchain technology is going to change the world.

Crypto, NFTs, and everything that we currently know in the space is just the beginning.

Where can you buy ApeCoin?

Buy ApeCoin with Coinbase
Buy ApeCoin with Coinbase

You can buy ApeCoin through a crypto exchange such as:

  • Coinbase
  • Gemini
  • CoinMarketCap
  • Binance
  • Kraken
  • FTX

Something curious happened when the new cryptocurrency launched, it was available on every major crypto exchange.

The crypto is still fairly new and I anticipate as it continues to gain more attention, more retail investors will take a position.

How many ApeCoin tokens are in circulation?

ApeCoin circulation - ApeCoin supply
Will ApeCoin keep going up?

ApeCoin has a total max supply of 1 billion tokens and 277.5 million are currently in circulation, which equivalates to only 28% of the total supply.

ApeCoin’s total max supply is less than Cardano (ADA, 45b), Ripple (XRP, 100b), and Algorand (ALGO, 10b).

While the new cryptocurrencies circulating supply is relatively low compared to its max supply, investors must be aware that developers may increase the circulating supply at any moment.

Increasing the supply (like any other cryptocurrency) would lower the price of ApeCoin.

The cryptocurrency is still a highly speculative play and investors should always due extensive research to identify and estimate whether the cryptocurrency will continue to go up in value.

Open an account with Coinbase

Interesting facts about ApeCoin

Will Ape Coin go up

The creators of ApeCoin distributed the cryptocurrency for free to every Bored Ape Yacht Club holder.

For each Bored Ape you own, you’re entitled to 10,094 $APE.

That’s equivalent to $150,000 today.

So far, around 110 million APE tokens have been claimed by NFT holders.

Yuga Labs is getting 150 million APE, 10 million of which (“or equal value”) will go to the Jane Goodall Legacy Foundation.

140 million $APE will go to the companies and people that helped initiate the project.

The 80 million $APE going to its founders of Yuga Labs will be locked for the first 12 months so holders cannot cash out and tank the price.

So, is APE worth buying and holding for a year?

Let me know what you think in the comment section below.

How is ApeCoin being used?

Benji Bananas
Will Ape Coin go up

A mobile game called Benji Bananas, developed by Animoca Brands (whose co-founder, Yat Siu, is on the board of the Ape Foundation), is adopting ApeCoin as a kind of in-game currency. 

For 25 ApeCoins, you can buy a Benji Bananas Membership Pass, which lets you earn “special tokens” in-game.

Those tokens can then be swapped for actual ApeCoins.

So far, this is the only utility of APE as it’s relatively new.

ApeCoin is part of the Bored Ape Yacht Club’s ecosystem and I expect a lot more utility will be offered in the future as we enter the metaverse and blockchain technology becomes more familiar.

What we do know is that APE will be used to access merchandise, events, and services later on.

How much is $APE worth?

At the time of this article, ApeCoin is currently trading in the market for $23.85.

Its current market cap is $7.1B with a typical hold time of 25 days according to Coinbase.

An improvement from earlier this March as seen below.

APE Market Stats – Will Ape Coin go up?

If retail investors decide to go long on APE then we can expect the typical hold time to increase.

ApeCoin is up more than 2,300% since its inception and has gained a lot of popularity across multiple crypto exchanges.

The $12-$13 price range seemed to be a foundation for APE although the cryptocurrency has begun to set new ATHs.

Granted, it’s only been two months, but I’d love to know your thoughts on how high this crypto asset can go.

Open an account with Coinbase

Is ApeCoin a buy?

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It’s definitely worth keeping an eye out on it.

What are your thoughts on APE?

Are you buying the new cryptocurrency or are you giving it time and keeping an eye out on more crypto news?

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What is the difference between Bitcoin and Ripple?

Bitcoin VS Ripple
Bitcoin vs Ripple – Difference between Bitcoin and Ripple (XRP)

Published by FrankNez team.

Before diving deep into the possible differences between Bitcoin and Ripple, we want to make sure that you get familiar with the concept of cryptocurrencies.

A cryptocurrency is a digital currency asset that works on a decentralized transaction model most of the time.

Today, the concept of crypto-based assets is skyrocketing, giving a solid hint that this is the future of global transactions.

Ripple: A brief note

Ripple

The whole concept behind the launch of Ripple and its current working model is quite different from the rest of such platforms and units.

The main goal of Ripple is to improve the current banking channels.

This is done by unifying and streamlining them under the Ripple umbrella.

To promote this concept, Ripple also launched its very own crypto coin, the XRP.

According to global statistics, XRP is easily included in one of the top crypto assets and coins.

This is because of the fast transaction model of the XRP and the already financial streamlining dynamics of the Ripple platform.

Bitcoin: A brief note

Bitcoin

You don’t need to be a crypto enthusiast to be aware of Bitcoin.

The hype for cryptocurrencies started back when Bitcoin hit some solid figures.

That’s when most experts started to believe that digital assets and currencies are the future.

Bitcoin is a completely decentralized currency.

In other words, there is no bank or a certain administrator that controls Bitcoin.

The user is the main authority within Bitcoin-based transactions.

You can send bitcoin to any user around the globe in an instant without any facilitating party in between.

You can buy Bitcoin in Dubai without any hassle.

It’s safe and secure through local exchanges as the currency adaption is being widespread.

Ripple vs. Bitcoin: The best option

Regarding usability and global access models, both Bitcoin and XRP are different.

Bitcoin is decentralized, with the main focus on the user transaction models. If we take a look at the transaction timeline of Bitcoin alone, it takes several minutes the processing.

On the other hand, XRP is a crypto coin of the Ripple platform.

Being a sole transaction facilitating platform, you can process a transaction through the Ripple channel in seconds.

This also includes large-scale transactions, which usually require days to process through regular banking channels.

What does the future hold?

The future of crypto-based models is very bright, and all the experts have a consensus on this.

Countries like UAE showing interest in the domain and opening their doors for trading is a clear symbol.

But the future is quite specific based on the models of Bitcoin and Ripple.

Bitcoin is a cryptocurrency.

It will always remain in the limelight for its huge market cap and fascinating story of being the crypto coin that started the era of crypto.

On the other hand, Ripple is more goal-oriented.

The platform is progressing to increase the TPS rates even for large-scale transactions.

Making the right investment

The investment you will be making depends upon you.

One is a cryptocurrency, and the other is a blockchain-based financial transactions model.

Whichever suits you to invest in will be the best one in your interest in the long term.

But before investing, there are two factors you need to keep in mind—first, the possible market cap of the digital assets.

And second, the plans that are outlined for the asset.

If you are clear in these two domains regarding a specific asset, you are good to go and invest in it.

Final Note

Bitcoin changed the world, and Ripple is changing the world.

We think that’s the best way of describing the always ongoing comparison of Bitcoin and Ripple.

Read: List of 4 best crypto exchanges for beginners

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Former Citi Executives Have Now Formed a Crypto Hedge Fund

Citi executives crypto hedge fund
Former Citibank executives form crypto hedge fund, Motus Capital Management

A trio of former Citigroup executives who left the bank in March have formed Motus Capital Management, a crypto hedge fund.

The firm says it wants to make it easier for high-net worth individuals to bet on cryptocurrencies.

Alex Kriete, Greg Girasole and Frank Cavallo are seeking to raise $100 million for a pair of actively managed hedge funds that will focus on digital assets, the three said via Bloomberg.

Kriete says clients are having difficulty identifying what’s “scammy” vs “real investment opportunities.”

I know retail investors are going to have a lot of opinions on this.

Let’s break it down some more.

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Who are the crypto hedge fund trio?

Citi executives start crypto hedge fund
Former Citi executives start crypto hedge fund

Kriete and Girasole left Citigroup less than a year after being picked to oversee a new digital-assets group inside the Wall Street giant’s wealth-management division.

Before that, Kriete managed $3 billion and Girasole $5 billion for Citigroup private-bank clients.

Cavallo was most recently an investment counselor at Citigroup, where he oversaw $8 billion of assets and held roles inside the firm’s cross-asset sales and trading division according to Bloomberg.

All three are investing their wealth in Motus Capital Management.

This is one of the first crypto hedge funds to emerge in the crypto space.

And where there’s a hedge fund, we already know there are bets towards the downside.

Motus Capital Management to offer growth and income funds

Motus Capital Management
Motus Capital Management

The crypto hedge fund says it plans to offer clients growth and income funds.

The growth fund will focus on investing in tokens with smaller market capitalizations that larger funds find it harder to invest in, Cavallo said. 

“We think we hit the sweet spot,” he said. “With assets like Bitcoin and ETH, clients can do that on their own. They don’t need to pay someone to buy Bitcoin.”

Crypto hedge funds are relatively new and only have about $3.8 billion in assets under management globally according to a report by PwC.

Less than half of all crypto hedge funds have assets under management of more than $20 million, PwC found.

I expect this side of the industry to exponentially grow this decade.

Citadel’s Ken Griffin said he would provide crypto opportunities to his clients if the asset class became strictly regulated.

Crypto is taking over the new world as businesses such as AMC Entertainment and Tesla transition towards accepting cryptocurrency as a form of payment.

Do you think hedge funds should enter the crypto space?

Former Citi executives start crypto hedge fund

Who’s to say the SEC won’t begin to establish regulations to attribute to hedge funds over retail investors?

Similar to the stock market.

Investors are going to want to keep a close eye on the development of such regulations and ensure the crypto market’s integrity doesn’t get broken.

The crypto market, though a highly speculative market, has been accurately based on supply and demand unlike the stock market where many institutions have blatant power over retail investors.

Let me know in the comment section below if you’d like me to cover topics regarding crypto regulation.

And if you do, also be sure to join the newsletter to get email notifications and updates on new articles.

Read: How to invest in cryptocurrency for beginners

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Official: You Can Now Trade Shiba Inu Coin on Robinhood

Robinhood Lists Shiba Inu Coin
Shiba Inu Coin is now on Robinhood

Robinhood has officially listed Shiba Inu Coin on its crypto trading platform.

The SHIB army has been waiting for Robinhood to list Shiba Inu Coin for months now.

Shiba Inu Coin was one of four new cryptocurrencies Robinhood listed on its platform Tuesday.

SHIB, Solana, Polygon, and COMP joined the meme stock halter’s platform on Tuesday.

What does this mean for Shiba Inu Coin moving forward?

Let’s break it down together.

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Welcome to Franknez.com – if you haven’t joined the newsletter, be sure to do that below. I’m publishing market news and updates daily.

Let’s dive right into it!

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SHIB rises on Robinhood listing

Robinhood Shiba Inu Coin
Shiba Inu Coin News Today Robinhood

SHIB rose nearly 7% when it became available on Robinhood’s crypto trading platform.

Shiba Inu Coin is the second ‘meme’ coin to be listed on Robinhood, Dogecoin being the first.

COMP jumped 6.6%, MATIC 3.5%, and SOL 2%.

SHIB became popular when the cryptocurrency skyrocketed back in late October of 2021.

The cryptocurrency is up more than +20,000% for those who bought SHIB exactly one year from today.

Shiba Inu Coin ate a zero on its second biggest climb last year and never looked back.

The SHIB army anticipates Shiba Inu Coin will eat another zero or two this year.

Now that you can trade Shiba Inu Coin on Robinhood, cryptocurrency investors speculate more traders will buy SHIB on the platform.

What caused SHIB to run last year and will it run again?

Big buying pressure and a lot of momentum.

Unlike the stock market, the crypto market runs actually caters more to a supply and demand market.

Now that SHIB has become mainstream in a sense, more traders are going to begin to discover it.

While SHIB doesn’t have any real-world value, the developers are working on multiple projects for the community.

One being Shiba Inu Games and several NFT projects.

Will SHIB run again this year?

There’s no doubt Shiba Inu Coin will continue to eat zeros as retail piles in before the ‘meme’ token reaches $0.01.

SHIB is currently trading at $0.000027 and is up 9.98% on the weekly chart.

Can SHIB reach $1 per token?

Shiba Inu Coin News Today Robinhood – Can SHIB reach $1?

In order for SHIB to reach $1 per token its market cap would need to be in the trillions.

Having this come to fruition would be quite difficult.

However, because this cryptocurrency is still relatively new, investors have a chance at becoming profitable in the long-term as the market cap increases and new traders buy in.

Many of my readers were able to profit from the run back in October when I sent out a newsletter advising the token was looking very bullish.

If you’re on my Patreon, you saw I purchased the cryptocurrency a few days before it skyrocketed.

SHIB has been consolidating extremely well in the 20s which mean it’s found a new foundation.

If you missed the first and second run, this could prove to be a great entry point.

We’ve also seen that SHIB’s typical holding time has drastically increased to 112 days meaning investors are holding this cryptocurrency.

And it’s not difficult to see why.

The room for growth is massive.

Are you holding more than 1 million SHIB?

Robinhood Shiba Inu Coin - Shiba inu coin robinhood
Shiba Inu Coin Robinhood – Robinhood Lists Shiba Inu Coin – Shiba Inu Coin News Today Robinhood

If you’re holding more than 1 million SHIB leave a comment below.

What is your personal Shiba Inu Coin price target and where would $0.01 put you at?

If you’re not a fan of Robinhood but would like to purchase SHIB, I recommend buying the token on Coinbase.

How long have you been holding SHIB?

Let’s start a discussion below.

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Is a Declaration of Cryptocurrency Required in Canada?

Cryptocurrency Tax in Canada
Crypto tax Canada – CRA – Cryptocurrency Tax in Canada

Published by FrankNez Team.

Cryptocurrency transactions are taxed by the Canada Revenue Agency (CRA). So, the declaration of cryptocurrency transactions is required by the law.

Cryptocurrency is a relatively new concept that needs tax rules to ensure Canadians correctly understand how to comply with their tax duties. In 2014, the Senate examined cryptocurrency taxation and proposed steps to assist Canadians in understanding how to file their taxes correctly.

In this article, we will know if you need to declare your cryptocurrency and its income to the CRA.

But first, let us talk about what the Canada Revenue Agency or CRA is!

What Is the Canada Revenue Agency (CRA)?

CRA Canada Revenue Agency

The Canada Revenue Agency (CRA) is a federal agency charged with collecting taxes and enforcing tax regulations on behalf of the Canadian government and several of Canada’s provinces and territories.

Additionally, the CRA administers many social and economic benefit and incentive programs via the tax system and international trade regulations.

The Canada Revenue Agency (CRA) is Canada’s counterpart of the Internal Revenue Service (IRS) of the United States.

The CRA was initially known as the Canada Customs and Revenue Agency (CCRA) until 2003, when the agency’s customs and revenue operations were divided into two distinct entities.

This body is the authoritative source of information on current Canadian tax laws and their interpretation and application. It’s responsible for collecting taxes from Canadians and supervising the social services financed by tax funds.

The CRA is responsible for administering several taxes, including personal income tax, trust income tax, company income tax, excise tax, and partnership income taxes.

Crypto Mining

Crypto mining is earning digital money by resolving complex computer problems. However, to solve this sort of problem, a lot of processing power is needed, which might lead to high electricity bills.

Mining for personal or non-commercial reasons can be considered a non-taxable pastime by the CRA. However, commercial or business-related mining should be recorded as income.

Also, you will need an e-wallet to store and trade your cryptocurrencies. Several cryptocurrency platforms like Coinsmart, Binance, and Bitbuy are available in Canada.

Some of them are regulated like these Canadian platforms. These platforms will also help keep track of your crypto expenses for taxation purposes.

CRA Taxes on Cryptocurrency Transaction

CRA Taxes

Bitcoin prices increased significantly in 2021, prompting many Canadians to invest in Bitcoin and other cryptocurrencies. And experts predict it can increase more by the end of 2022.

While cryptocurrencies such as Bitcoin are not considered legal tender in Canada, they do not relieve users from Canadian tax duties.

In Canada, cryptocurrency is seen as a commodity. This implies that any profits or losses derived from the purchase and sale of Bitcoin or other cryptocurrencies are taxed.

Moreover, you are taxed when you use cryptocurrency in the real world. So, for example, when you sell it or use it to make a purchase, it will be considered a taxable transaction. 

Therefore, if you acquired cryptocurrency and did not use it, you will not be required to pay taxes. But you should still keep track of your transactions if you use cryptocurrency as it then becomes taxable.

Declaration of Cryptocurrency to CRA

Declaration of cryptocurrency to CRA

Cryptocurrencies are taxed similarly to traditional income. As a result, you must declare your cryptocurrency with the CRA.

Profits and losses from the purchase and sale of cryptocurrencies must be recorded on a tax return as part of income. Because governments do not issue cryptocurrencies, they are classified as commodities by the Canada Revenue Agency (CRA).

Utilizing cryptocurrencies to pay for products or services is considered a barter transaction. Therefore, it is subject to the Income Tax Act’s barter restrictions.

Bitcoin and other cryptocurrencies are included in a transaction’s taxable income. Therefore, the transaction must be reported for federal tax reasons.

Taxes on Buying and Selling Cryptocurrency 

Cryptocurrencies, like any other investment, are subject to taxation. 50% of the profits are added to your taxable income for the year.

For instance, if you purchased cryptocurrencies worth $1,000 and sold them for $1,500, you have earned $500. Thus, 50 percent of that sum ($250) would be added to and taxed as part of your yearly income.

If you use bitcoin to acquire another cryptocurrency, such as Ethereum or Dogecoin, the transaction will be similar to selling Bitcoin. You will have to report the amount of the transaction on your income tax return.

Tax on Gifting Cryptocurrency

tax on gifting cryptocurrency

Property disposal occurs when an object or commodity is given or sold at a lower price than its purchase price. For example, a contribution or gift of cryptocurrency falls under this category.

The cryptocurrency will be evaluated according to its current market value at contribution. Therefore, disclosing any gain or loss on the asset’s sale is necessary.

So let us say the gift is given to an authorized recipient, such as a registered charity. If this is the case, the recipient will provide you with a tax receipt.

The cryptocurrency’s fair market value at the time of the transfer will determine the value of the gift for tax purposes.

CRA and Tax Avoidance

CRA Tax Avoidance

It is illegal to fail to register and report any cryptocurrency-related transaction. As a result, the Canadian Revenue Agency (CRA) aggressively pursues non-compliance with reporting cryptocurrency trading profits to guarantee a fair tax system.

Creating an account on a cryptocurrency platform necessitates providing personal information. The Canada Revenue Agency (CRA) detects tax avoidance schemes because they have access to it and verify data with other sources.

Consequences of Not Reporting Crypto Earnings

Assume you fail to submit crypto earnings to the CRA. In that case, the agency will treat this as if you did not record any other income. This will violate the law, which the CRA would treat as tax avoidance. When the CRA discovers this, you will be liable for a fine.

In Canada, the penalty for tax evasion can be up to twice the tax intended to be avoided and imprisonment. However, it is essential to remember that the CRA is more concerned with collecting owed money than putting someone in prison.

Your unpaid tax will be combined with interest and penalties on top of any evasion penalty you will be forced to pay.

Conclusion

The most important thing to remember is that Canadians are subject to tax on their cryptocurrency income. This is a relatively new form of taxes, and it may change. 

Consult a tax professional who specializes in cryptocurrency taxation. The simplest method to guarantee your taxes are done correctly is to hire a professional. Before investing in cryptocurrencies, knowing how your transactions will be taxed is a good idea.

Exchange Crypto With Coinbase!

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