Spend to Earn

Customer loyalty is the key to any successful business. Loyalty leaders growing their revenue roughly 2.5x as fast as competitors and peers lacking loyalty. A loyal customer is someone who is willing to stick with a product or service through thick and thin. They are also more likely to recommend a product or service to their friends and family.

An essential tool for building customer loyalty is to offer a rewards program. In fact, according to Bond, the average consumer belongs to 14.8 loyalty programs and is engaged in 6.7 of them. Rewards programs engage customers and give them an incentive to keep coming back and refer new business. They also serve as an analytical tool providing businesses a way to track their customers’ behavior and preferences. 

There are many different types of rewards programs, but the best ones share some common features. They are easy to use, offer a variety of rewards, and allow businesses to customize the program to fit their needs. A bold player in the space with a distinguished vision, Numi3, provides a novel rewards platform for modern businesses that understand the importance of customer loyalty and are looking to differentiate themselves.  

Brand loyalty the Numi3 way

Numi3 is a crypto-agnostic Web3 rewards SaaS platform that offers a unique solution for small to medium businesses looking to offer exceptional customer loyalty programs. For businesses, Numi3 boasts a full suite solution that is well thought out and executed using the latest technologies to provide:

• easy onboarding and integration
• secure and reliable infrastructure, and
• the lowest fees on the market.

Businesses can create reward campaigns, referral programs, or giveaways to reward their customers. Numi also provides the ability to validate and process crypto rewards transactions in real-time. So this means you can earn crypto at the checkout of your grocery store. This technology is considered feasible for future use cases to process crypto transactions in real-time. This is where a consumer pays a business for a product in crypto and the payment is validated immediately.

On the customer-end, attractive features of the loyalty program include earning crypto rewards as determined by the offered rewards program. Numi3’s user-centric solution helps businesses cater to the 79% of Americans that say they are more likely to join a rewards program that doesn’t require them to carry a physical card.

The user-friendly and navigable interface offered by Numi3 allows the utilization of crypto rewards to be simple. Apart from providing a seamless experience, the platform adopts a high level of security with several layers of defense. There is also a dedicated team of security professionals who understand the intricacies of keeping digital assets secure. Numi3 provides a simplistic journey for users regardless of previous experience with cryptocurrencies.

With large-scale Web3 adoption, businesses need to grow together with their users and increase their engagement in a maturing market. Seamless implementation will allow businesses to launch an innovative reward program without the headache associated with creating novel solutions from scratch. 

Staked rewards

Another special feature Numi3 will offer to businesses is their state-of-the-art crypto wallet solution, allowing consumers to stake, save, or withdraw their rewards.

Staking their rewards will allow users to earn rewards for holding their tokens over a set period of time, as chosen by the business, giving them even more of an incentive to spend money to add to their compounding pool of points. Additionally, implemented QR code systems prevent connectivity or network service providers from ever being an issue when registering purchases during the point of sale.

The combination of several differentiators could be a game-changer for businesses looking to increase customer engagement and prevent frustrations associated with the previous generation reward programs.

Future of brand loyalty programs

The customer loyalty market is anticipated to increase four-fold by the year 2028, with most growth projected to be led by loyalty management companies implementing and integrating advanced technologies (Fortune Business Insights). Key players are introducing personalized features, demonstrating the opportune moment for Numi3 to build their market. 

Emerging trends in the reward program market include customer willingness to engage with brand loyalty programs. Bond says 95% of consumers prefer loyalty programs using emerging technology like chatbots, AI, VR, and smart devices. Additionally, 75% of consumers say they would engage more with loyalty programs they can easily access from a smartphone. (Source: Code Broker)

Inefficiencies and inconveniences riddle the current state of brand loyalty programs on both, the business and customer end. Considering that over 90% of companies have a loyalty program, there is a major opportunity to improve the reward landscape. (Source: Accenture)

Customers are unable to keep track of and transfer rewards across different platforms. Simultaneously, businesses are not seeing their reward programs benefiting them to the fullest extent. Numi3 offers a refreshing solution for businesses and customers in both revenue and user satisfaction.

There are still a lot of uncharted waters in how cryptocurrency can play a more major role in everyday lives. Consumers are starting to understand this economic landscape better. Incentivizing their participation is a step closer to pushing cryptocurrency to the economic forefront.

The post Web3 Brand Loyalty Programs Will Funnel Millions of New Users to Crypto appeared first on Grit Daily News.

As anyone who has dealt with decentralized apps or cryptocurrency knows, joining the blockchain space can be overwhelming. Crypto wallets, tokens, cryptocurrency, blockchain networks, gas, addresses, protocols, and exchanges, are only some of the terms a beginner will find. There is no going around it and denying it, blockchain is not the most user-friendly technology out there.

If understanding these terms and navigating them is hard as a user, understanding how they work on the backend and the complex infrastructure that supports it can be even harder. In fact, ease of development is considered by many as one of the biggest issues preventing corporations from actively using blockchain. Not only are blockchain developers in limited supply but the work required to transform existing infrastructure into its decentralized version can also result in high costs.

With blockchain still being a young technology, there are also many uncertainties that need to be dealt with. For example, the blockchain trilemma is pretty much still a thing, the bad implementation of blockchain can result in millionaire hacks, and regulatory uncertainty means more risks. While new and crowd-funded projects can afford to risk building on the blockchain, big corporations do not.

It is not surprising that many projects were born over the past few years with the aim to ease these concerns. Some projects promise to bring the best of the centralized and decentralized world to deal with the trilemma, while others claim to be invulnerable or highly resistant to attacks. However, few projects seem to be focusing on the topic of easing concerns around regulation.

While President Biden’s executive order on crypto was received as good news by the crypto community, it is uncertain what the results will be. In the past, the Securities and Exchange Commission has taken hostile actions against crypto companies like Coinschedule, Ripple, WisdomTree, and LBRY.  These actions have relied primarily on the claims that some cryptocurrencies and NFTs should be considered a security and as such, are under their jurisdiction.

To deal with this issue, Pocketful of Quarters came up with a unique “‘no Action’ ERC-20 Token” which can be used by projects in the gaming industry while remaining compliant with SEC regulations. This is possible due to the company being the only one to get a no-action letter from the SEC, granting its token “consumer product” status. While unique in its kind so far, the company’s approach has proven to be not only innovative but impactful in the space.

Pocketful of Quarters’ COO Tim Tello joined  CryptoOracle’s Co-Founder Lou Kerner in a fireside chat during Grit Daily House. The chat, which took place during Consensus 2022, provided attendees with unique insights on how this unique token could not only change the gaming industry but also the blockchain space.

If you missed the chance to attend Grit Daily House in person and to hear what Joseph had to say, worry not. You will be able to watch the fireside chat in the video below and find our other panels on Grit Daily’s official YouTube Channel.

The post Struggling to Adopt Blockchain? Meet the Token That Could Change That! appeared first on Grit Daily News.

Less than one month ago, Austin hosted for the first time what has been one of the most important conferences in the crypto space since 2015: Consensus 2022. The city is also known for hosting South by Southwest “SXSW”, the Enterprise Digital Asset Summit, DCentral, ETH Austin, BitBlockBoom,  and many more. In addition to this, Austin is also home to companies like Gemini, Core Scientific, Talos Digital, and Scala.

When keeping in mind these events and companies, it is easy to understand the reasons behind Musk’s prediction. Austin is a vibrant city in which disruptive tech is not only welcome but has been encouraged over the past years. Back in 2018, Wanchain’s president Dustin Byington was already telling Crunchbase:

“Austin is a natural—and currently budding—hub for cryptocurrency. It has a strong tech and startup community, a big Libertarian influence which the crypto ethos is built off of, and the macro trend of companies moving to Texas because of the lack of state income tax—which could really benefit this new industry.”

Well, Austin has only gotten more relevant in the tech industry since these comments and now, it seems to be only a matter of sustaining organic growth. While the bay area still is the biggest tech hub in the US after having captivated top talent for years, this might be changing. The region’s inability to deal with spiking housing/living prices meant that, over time, the influx of workers and companies shifted directions, with remote working being a major factor.

But what are the reasons that make Austin so attractive to the FinTech, Crypto, and blockchain industries? This was one of the topics discussed in the “Meet Austin’s FinTech Scene” panel, which took place during Grit Daily House at Consensus 2022. Axios’ Reporter Asher Price sat with Henry Collective’s Founder & General Partner Tyler Knight and Silverton Partners’ Managing Partner Morgan Flager to talk all about the city’s vibrant FinTech scene.

If you missed the chance to attend Grit Daily House in person and to hear what these experts have to say on the future of Austin as a FinTech hub, worry not. You will be able to watch the panel in the video below and find our other panels on Grit Daily’s official YouTube Channel.

The post Meet Austin’s FinTech Scene: Why Texas’ Capital Might Become the Next FinTech Hub appeared first on Grit Daily News.

Concerns around the ethical implications of blockchain technology have been around since its early days. However, as the technology gained relevance, it would eventually become one of the major sources of both positive and negative criticism. Probably the biggest criticism that blockchain technology has had to face was when the New York Times published a piece on Bitcoin’s environmental impact.

The piece, titled “In Coinbase’s Rise, a Reminder: Cryptocurrencies Use Lots of Energy”, brought further attention to existing concerns on Proof-of-work’s energy consumption. Many articles and columns would show up over the next few days, with companies like Square and Citi weighing in. While the topic of Bitcoin’s use case is certainly not in the spotlight nowadays, it remains relevant.

More recently, Non-Fungible Tokens have also risen to prominence as celebrities and brands around the world started using and advocating them. During the NFT craze, thousands of people joined the discussion on how ethical NFTs really were. While supporters defended their potential use cases and their role in democratizing art, detractors pointed at the financial implications of speculation around them and their hypocrisy.

Debate on the ethics of new technologies is nothing new. The International Journal of Ethics published by The University of Chicago Press was already publishing about the topic back in 1923. In an article titled “Some Ethical Consequences of the Industrial Revolution”, Austin Freeman referred to the industrial revolution by saying:

“This ethical atrophy represents the subsidence to a lower level of essential civilization. For civilization, as we have agreed, is based upon the recognition by man of his duty towards his neighbour; of which none can be more obvious than that of honesty and fair dealing.”

Today, most of us don’t think of the technical revolution as a negative but quite the opposite. Just like that, most criticism toward NFT, blockchain, and crypto, is more about their current status… Not about the technology itself. When it comes to investing in a socially responsible manner, it is not about investing in crypto or not, but the how.

The “The Math of Socially Responsible Investing in Blockchain & the Metaverse” panel saw experts discuss this topic as part of Grit Daily House during Consensus 2022. Leah Callon-Butler, Director at Emfarsis; Evin Cheikosman, Policy Analyst at World Economic Forum; and Nisa Amoils, Managing Partner at A100x Ventures, took to the stage to share their insights, opinions, and experience with the attendees.

Moderated by Linqto’s Chief Strategy Officer Karim Nurani, panelists discussed topics such as environmental concerns around blockchain, the regulation of fintech, and the role of women in developing countries. If you want to know what these experts have to say, you can watch the entire panel in the video below. You can also find our other panels on Grit Daily’s official YouTube Channel!

The post Crypto Ethics: The Math of Socially Responsible Investing in Blockchain & the Metaverse appeared first on Grit Daily News.

With investors currently looking for the best way to deal with the inconsistencies of the current economic landscape, caution seems to be the law of the land across markets. As such, investors are choosing to focus on projects generating actual value instead of their potential, status, or connections. This means that at this time, a startup with a positive balance sheet has a unique opportunity to beat unicorns when it comes to raising pre-IPO funding.

Surprisingly, Venture Capitalists in the crypto ecosystem seem to have remained more cool-headed than their stock counterparts. It is well known by now that Andreessen Horowitz raised a $4.5 billion crypto fund. However, other Crypto investors have also achieved the same, with Sequoia raising $500 million back in May and Binance lab doing the same in early June.

What all of these funds have in common is their heavy focus on Web3 projects, a continuation of a trend that has been going on for several months. The popularity of Web3 in the tech world has been so overwhelming that tech giants like Google, Facebook, and Amazon have been unable to deal with it. Despite having been the mecca for tech employees for more than a decade, these companies have seen an exodus of top talent looking to work in Web3.

While Web3 is only one of the niches driving the pre-IPO deal flow in the blockchain space, its relevance is of special significance. This is especially true due to the criticism Web3 has received from figures like Jack Dorsey, Aaron Levie, Stephen Diehl, and Molly White. Despite this criticism, investors like Marc Andreessen are extremely bullish on Web 3, going as far as saying:

“The easiest way to think about it is: When you get something like this, this sort of collective effect that has a movement behind it and is attracting many of the world’s smartest people to work on it… basically the criticisms end up playing out differently than the critics think. These critics make a long list of all the problems but these genius engineers and entrepreneurs look at that list of problems as a list of opportunities.”

The question “Where Is the Pre-IPO Deal Flow?” was the main topic of one of the panels at Grit Daily House earlier this month. Karim Nurani, Chief Strategy Officer at Linqto; Evan Greenberg Co-Founder of Blockchain Beach; and Marc Weill, Senior Advisor at Two Sigma Ventures, sat to share the unique environment that has emerged with the latest market winter.

If you missed the chance to attend Grit Daily House in person and to hear what these panelists have to say about this topic, worry not. You will be able to watch the panel in the video below and find our other panels on Grit Daily’s official YouTube Channel.

The post Crypto Startup Funding Is Still Going Strong, but Where Is the Pre-IPO Deal Flow? appeared first on Grit Daily News.

5 Forex Trading Strategies You Can Use in Crypto Trading

Forex trading strategies help forex traders understand when and where to sell a currency pair to avoid losses and maximize profits. No strategy is the best strategy. However, these strategies are not equal in delivery, and some may work better than others, depending on the situation. It’s therefore essential to note that each strategy requires some level of technical and fundamental analysis to maximize your profits after wisely selecting your best staking crypto. These strategies are not explicitly restricted to forex but can be used in all financial markets.

The top five strategies used by forex and crypto traders include:

● Forex scalping strategy

● Hedging forex

● Forex position trading

● Price action forex trading strategy

● Forex day strategy

Forex Scalping For Maximum Metaverse Crypto Earnings

Forex scalping strategy is employed by forex or crypto traders who prefer short-term trades, held just for a few minutes to capture multiple price movements. The traders accumulate these small profits while minimizing losses, which result in large accumulated earnings at the end of the day. These trades involve analyzing the movements of just a few pips.

This forex strategy requires maximum concentration and attention and is suited to traders who can dedicate their time while focusing on the higher volume trading periods. Metaverse crypto scalpers will therefore rely on candlestick chart patterns, support and resistance levels, and other technical indicators such as Bollinger Bands and Fibonacci retracements–horizontal lines where support and resistance are likely to occur.

Traders use different tools for scalping. Your choice of tools will be dependent on preference and your experience level. These tools include:

Bots: One of the most popular automated training tools employed by traders. Bots consider the relative strength index (RSI), support and resistance, and moving averages when scanning the market. You can find metaverse crypto scalping bots in the market. However, caution should be taken because there are numerous scammers in the market.

Hedging Forex Trading Strategy

Hedging forex is a strategy traders use to protect their positions in a currency pair from an adverse move. It’s typically used as short-term protection. One technique of hedging forex is taking a position opposite in the same currency pair and holding a long and short position on the same currency pair simultaneously.

Hedging forex helps the traders buy themselves time to get an idea of the trend’s direction. This is particularly helpful if you suspect that the market may experience some short time volatility, which may come in handy for new cryptos in the market, such as the metaverse crypto.

Therefore, hedging forex is a helpful strategy if you are a long-term trader who predicts that a currency pair may act favorably then reverse after a short while.

Forex Position Trading

This strategy favors the most patient long-term forex traders. It involves holding a forex position for weeks, months, or years hoping that the forex currency pair would appreciate over a long-term period. This strategy is beneficial for traders who have a high understanding of marketing fundamentals. These traders select their best staking crypto after analyzing its market trends exhaustively using credible market analysis tools and investing in it.

However, position traders can take long and short positions, unlike buy and hold investors, who can only take long positions. The volatile trend that has been witnessed with Bitcoin may be a good indicator for metaverse crypto traders to adopt the forex position trading.

Price Action Forex Trading Strategy

Traders who prefer trading forex without having to examine external factors like derivative indicators and economic news can use a forex strategy based on price and action.

This technique involves reading candlestick charts and identifying potential trading opportunities based on price movements only. It’s advisable to use this strategy alongside other trading strategies like the day trade strategy, which will help mold a trader’s next moves.

This strategy’s advantage is that you can see real-time results rather than wait for news breaks or other external factors. However, its downside is that it’s somewhat subjective. One trader may see a potential of a spike, while another trader may read it as a potential turnaround for that particular currency pair.

Forex Day Strategy

Forex day strategy involves one trade per day which is not carried overnight. Resultant profit or losses are because of changes in prices of the selected currency pairs within the day. It’s an attractive strategy for investors who aren’t comfortable with the scalping strategy’s fast-paced nature.

This strategy requires sufficient research, especially for a currency pair involving crypto like the metaverse crypto, since any significant economic news within the day could spell a financial loss for the trader.

New entrants into the forex trading markets need to learn, plan, analyze and adopt forex trading strategies before diving in to avoid losses and regrets. Forex day, price action forex, forex position, hedging forex, and forex scalping trading strategies can be profitable to crypto traders when used solo or alongside one another.

However, forex and crypto traders are advised to be cautious when examining the market fundamentals. They’re also advised to only invest amounts they can afford to lose.

The post Crypto Trading: Using Your Forex Learnings to Trade and Profit appeared first on Grit Daily News.

Founded in 2020 and based in Boston by Sean Mack, Lux Algo was born with the mission to bring clarity to investors dealing with technical indicators. To do this, the startup launched a suite of tools on TradingView and Discord designed to help investors separate the noise from meaning when dealing with technical indicators. Advanced charting, profiles, signaling, and other tools are just some of the features developed by the team for this purpose.

At this time, Lux Algo’s platform is now used by over 50k traders all around the world, becoming one of the most popular vendors of technical analysis indicators. The platform’s tools can be used for scalping, swing trading, day trading, options trading, and much more across the stocks, indices, forex, futures, currencies, and commodities markets. 

As most beginners won’t be familiar with multiple investment strategies and markets, Lux Algo also gives special importance to education beyond platform tutorials. The startup offers resources that cover topics ranging from the basics of trading to advanced technical analysis indicators. This, in combination with the simplicity of the platform, makes for a tool that can help beginners navigate the current chaos.

Lux Algo’s Version 5, which was launched in late May of this year, is especially reflective of the startup’s mission. The release introduced presets designed to let users display multiple features based on their trading style. New oscillators and overlay indicators were introduced, in addition to a new toolkit, allowing users to better choose the indicator for specific market conditions.

With the markets being more volatile than ever, being on top of sudden fluctuations is increasingly important. Lux Algo also gives access to fine-tuned automated alerts that can be triggered by any condition the user sets for any specific asset. These alerts further increase the dynamism that the platform brings to the table, which is especially useful for high-frequency traders or long-term traders who want to avoid surprises.

In its effort to make smart investing as easy as possible, the Lux Algo team has also prioritized the creation of a strong community. The project’s official Discord server has over 100k users connected by their interest in trading. The server offers channels to discuss all things related to the platform, the markets, investment strategies, news, and much more. 

While there certainly is an emphasis on beginners and making technical analysis as easy as possible, this doesn’t mean that Lux Algo doesn’t pack a punch. In fact, the open-source projects run by Lux Algo in TradingView are some of the most popular. There are a total of 50 scripts liked by over 121k users, all of them covering a vast range of use cases and markets. The open-source nature of the scripts also means anyone can provide feedback, report bugs, and adapt them to their specific needs.

The democratization of the markets is a process that has gained momentum over the past years, with the fintech industry driving the effort. Unfortunately, opening the doors to the markets is not enough to truly level the playing field. Easing the technical barriers via powerful yet simple tools and education is just as important, especially during tumultuous times.

The post Lux Algo: The Startup Looking to Make Technical Analysis As Easy as 1, 2, 3 appeared first on Grit Daily News.

Web3 is a loosely defined term that most tech, gaming, and crypto enthusiasts might have heard of or be familiar with. At its core, Web3 is the idea of a new web that doesn’t rely on centralized architecture to fulfill its purpose. By achieving this, users would have full control over their data, censorship would be impossible, single points of failure would be removed, and information would be more accessible.

Over the past decade, the internet has become increasingly centralized as companies like Meta, Google, Amazon, Microsoft, and YouTube. The power these companies have over specific industries and parts of the internet is difficult to measure. Not only do they have full control over platforms used by millions, which is not necessarily a problem, but their services are also so ingrained into the web that they are essential.

By shifting to Web3, advocates hope that a new internet can be built around the principle the web was based on: A network available to everyone. While Web3 is still pretty undeveloped and in the early stages, blockchain technology is the most probable technology when it comes to being the backbone. As such, components like NFT, Cryptocurrencies, nodes, and decentralized governance are also playing an important role at the time.

The relevance of blockchain in Web3 means that users will require a crypto wallet to surf it in an effective manner. This is also the case due to the role that self-sovereign identity will play in this new web. The use of a crypto wallet as a means of proving identity offers huge benefits over traditional methods like usernames, not only in terms of security but also versatility.

If you have been part of the crypto, NFT, or blockchain community for some time, you probably have already interacted with a few wallets. Choosing between wallets has become an increasingly difficult task, with each of them offering different features and standards. So, what conditions should a wallet fulfill in order to become a viable passport to the Web3 ecosystem?

Few people know more about crypto wallets and their role on Web3 than Zengo’s VP of Business and Strategy Ido Sofer. Ido joined Blockchain Analyst & Cointelegraph reporter Rachel Wolfson during Grit Daily House to discuss the role of crypto wallets on Web3. 

If you missed the chance to attend Grit Daily House in person and want to hear what Ido has to say about this topic, worry not. You will be able to watch the panel in the video below and find our other panels on Grit Daily’s official YouTube Channel.

The post Web3 Promises a New World: Crypto Wallets Will Be the Passport appeared first on Grit Daily News.

While the topic of crypto regulation has been constantly present over the past years, it is pressed even further every time investors face a bear market. More often than not, coverage of the topic will talk about the necessity for clearer regulation to prevent crashes and collapses like the one Terra experienced. The fact that a clear regulatory framework is needed for crypto to become safer and reach adoption, is undeniable. However… Who should design is not as clear.

Back in March, the Cryptocurrency ecosystem rejoiced when news came about President Biden signing an executive order that would see federal agencies cooperate to regulate cryptocurrency. The order, according to the administration, was designed to “lead and shape financial innovation to promote prosperity, prevent abuse, and advance democratic values”.

Unfortunately, the order itself is reflective of a major issue that has plagued the cryptocurrency space since 2008 by limiting crypto to the role of a financial tool. Blockchain technology, which is the backbone of crypto and other technologies like NFTs and Web3, is only referred to 4 times in the almost 5600 words long order. The only time the term was used in regards to regulation was to request the addressing of blockchain’s environmental impact.

The attempt to regulate cryptocurrencies without considering the larger role they play as part of complex digital ecosystems shouldn’t be surprising. Governments around the world have proven themselves to be unable to understand the technology and keep up with it. Examples of this include Senator Ted Stevens’s infamous “series of tubes” metaphor when referring to the Internet or questions asked by lawmakers during Mark Zuckerberg and Sundar Pichai’s Senate hearings.

With cryptocurrency being an essential part of blockchain technology, understanding the implications of regulations beyond the financial realm is essential. This is not only in the tech industry and consumers’ best interests but also in the government’s. As efforts to launch a CBDC and rein in big tech gain momentum, the government could find an important ally in blockchain with the development of Web3 and other decentralized technologies. 

Nasdaq’s Global Markets Reporter Jill Malandrino and CFTC’s former Chairman J. Christopher Giancarlo sat with Linqto’s Chief Strategy Officer Karim Nurani to talk about “Government and Its Relationship to Crypto”. The panel, which took place during Grit Daily House at Consensus 2022, covered topics ranging from how crypto falls under a category of its own to the role a CBDC would play on the national economy.

If you missed the chance to attend Grit Daily House in person and want to hear what these panelists have to say about this topic, worry not. You will be able to watch the panel in the video below and find our other panels on Grit Daily’s official YouTube Channel.

The post Catch Me if You Can: Government and Its Relationship to Crypto. appeared first on Grit Daily News.

Not only is the crypto market far from the only market currently crashing but the space has also survived similar crashes in the past. Back in 2018, many believed that crypto was done as a result of the ICO boom, worries about a regulatory crackdown, exchange hacks, and many other events. However, despite such predictions, cryptocurrency perdured and grew even stronger as more stable and efficient safeguards were put in place.

It is not a surprise that most experts agree that while the current crypto crash is certainly alarming from a financial perspective, it is temporary. Just like stocks, real estate, and gold have crashes and corrections just to recover from them eventually, crypto is also cyclical. Vitalik Buterin shared his opinion about the current state of the market in a recent interview with Fortune:

“Crypto has had ups before, and it has had downs before, and it will have ups and downs again. The down periods are certainly challenging, though they are also often the periods where the most meaningful projects get nurtured and built.”

The outgoing bear market represents an opportunity for crypto projects to gain notoriety based on their technological relevance and innovation. Blockchain networks like Ethereum, Cardano, and Polkadot have already benefited from the lessons taught by recent developments. Charles Hoskinson, Cardano’s founder, offered an update on the impact of Terra’s crash on Cardano’s upcoming Vasil hard fork:

“After the collapse of LUNA, we decided to add an additional test harness to what we’re doing and think really carefully about some things. It’s taking a bit more time but we figured that the abundance of caution is well rewarded these days. We’ll just keep building.”

From an investment perspective, the bubble burst is also more multifaceted than most media and people would make investors think. Bubbles have the potential to drive investment to areas that favor innovation, allowing projects in them to get off the ground. In a similar manner, projects that rely on speculation instead of strong foundations are weeded out more often than not. 

Once you understand the potential positive ramifications of a bubble, it is easy to see why investments opt to get altcoins. The potential profit that can be gained from investing in the right altcoin during a bear market is more than enough to allure investors of all levels. However, this doesn’t mean that investing in any altcoin is the way to go as, in fact, choosing the right altcoin is in fact even more challenging than during a bull run.

Back on June 8th, Grit Daily House saw Linqto’s Chief Strategy Officer Karim Nurani, Journey’s Co-Founder & Chief Metaverse Officer Cathy Hackl, and Contrarian Thinking’s Founder Codie Sanchez, sit with CoinDesk TV’s Jenn Sanasie to talk about the crypto market bubble. Titled “Where Is the (Market) Bubble?”, the panel was full of important insights ranging from the Metaverse’s relationship to the bubble, to how investors can navigate the current bear market.

If you missed the chance to attend Grit Daily House in person and to hear what these experts have to say about the Yin and Yang that a bubble can be, worry not. Not only will you be able to watch the panel in the video below but you can also find other panels on Grit Daily’s official YouTube Channel.

The post The Crypto Bubble Is Bad, Right? Well, It’s Complicated appeared first on Grit Daily News.