• Contact Us
  • About Us
  • Privacy Policy
Friday, August 12, 2022
The Morning
No Result
View All Result
  • Home
  • News
  • Business
  • Technology
  • Auto
  • Fashion
  • Lifestyle
  • Morning Special
  • Start-ups Stories
  • Home
  • News
  • Business
  • Technology
  • Auto
  • Fashion
  • Lifestyle
  • Morning Special
  • Start-ups Stories
No Result
View All Result
Morning News
No Result
View All Result
Home News

New Perspectives in Crypto Amid the BTC Bull Market According to OctaFX

by
in News
0
New Perspectives in Crypto Amid the BTC Bull Market According to OctaFX
1
VIEWS
Share on FacebookShare on Twitter

Much speculation has been uttered about the expiration date of the current crypto bull market, driven by bitcoin. International Forex broker OctaFX summarises what has happened so far and highlights the fresh innovations to pay attention to.

New perspectives in crypto amid the BTC bull market according to OctaFX

READ ALSO

CMD was at GAIL PATA plant in Uttar Pradesh

Learn with Leaders Partners with Harvard HPAIR to Shape Young Leaders of Tomorrow; Bring Summer Leadership Workshop to Indian Schools

Firstly, let’s ascertain the state-of-the-market with some basic, recent statistics. The date 10 November 2021 stands out. That’s when the first cryptocurrency in the world reached its historic all-time high so far: 69,000 USD.

In the course of the following month, the price steeply moved down to about 46,500 USD on 4 December – a correction of over 32 percent. As of this writing, BTC hovers slightly above 48,800 USD.

But according to measured social media sentiment, everything still is on track for a further uptrend. Although, this can be an indicator for the possibility of the opposite, at least short-term. Therefore, before the general uptrend visibly resumes, another leg down from here wouldn’t shock the more experienced observers and participants of the cryptosphere.

In addition, a combined expert opinion paints a rather bullish midterm outlook on the next few months and further into 2022. Some seasoned influencers speculate about a definitive bitcoin all-time high peaking at around 100,000-150,000 USD before the current cycle would cease and pave the way for the bears.

In October, Mark Zuckerberg announced renaming his famous social media monolith Facebook Inc. into ‘Meta Inc.’, thereby paving the way for the so-called ‘Metaverse‘. South Korea appears to be by far the first country to launch the adoption of this new blockchain-driven digital sphere on a massive scale. Any crypto projects associated with the ‘Metaverse‘, especially video gaming tokens, are worth being researched for potential investment opportunities, as they might bring considerable returns.

The OctaFX team takes the opportunity to contribute to this unique period of new investments and favourable trading circumstances by reminding the community of its constantly evolving crypto offers this year.

As of this writing, the fintech company has five cryptocurrencies, all paired with the U.S. dollar as the quote currency, listed in its trading pool.

BTCUSD (Bitcoin vs U.S. dollar)

ETHUSD (Ethereum vs U.S. dollar)

BCHUSD (Bitcoin Cash vs U.S. dollar)

LTCUSD (Litecoin vs U.S. dollar)

XRPUSD (Ripple vs U.S. dollar)

The broker maintains competitive leverage with a ratio of 1:25.

Clients can make deposits in bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dogecoin (DOGE), and the U.S. dollar stablecoin called Tether (USDT). The latter can be deposited as an ERC-20 and TRC-20 token – meaning, a client can use the Tron or the Ethereum network for their deposits.

OctaFX plans to enable trading cryptocurrencies on the weekends, which the company could implement as soon as January, possibly February 2022. In the first quarter of 2022, new crypto assets will join the trading pool.

OctaFX is a global broker that provides online trading services worldwide since 2011. It offers a state-of-the-art trading experience to over 7.5 million traders worldwide. In addition, the company is well-known for its promotions and high service standards. OctaFX has won more than 45 awards since its foundation, including the 2021 ‘Best Forex Broker Asia‘ award and the 2020 ‘Most Transparent Broker‘ award from Global Banking & Finance Review and Forex Awards, respectively. The company is well-known for its social and charity activity.

Related Posts

GAIL,Har Ghar Tiranga,Har Ghar Tiranga campaign,
News

CMD was at GAIL PATA plant in Uttar Pradesh

12/08/2022
News

Learn with Leaders Partners with Harvard HPAIR to Shape Young Leaders of Tomorrow; Bring Summer Leadership Workshop to Indian Schools

12/08/2022
Infinity Learn by Sri Chaitanya Announces Scholarships for the Children of Martyrs
News

Infinity Learn by Sri Chaitanya Announces Scholarships for the Children of Martyrs

12/08/2022
Razorpay Becomes the Only Indian Company to be Listed on ‘Forbes Cloud 100 List’ of the Best Private Cloud Companies in the World
News

Razorpay Becomes the Only Indian Company to be Listed on ‘Forbes Cloud 100 List’ of the Best Private Cloud Companies in the World

12/08/2022
The Future is Here: Bajaj Capital Witnesses Top Financial Wealth & Insurance Leaders at their Annual Event “ThePowerof100%”
News

The Future is Here: Bajaj Capital Witnesses Top Financial Wealth & Insurance Leaders at their Annual Event “ThePowerof100%”

12/08/2022
Bajaj Group Joins Hands with Pune Municipal Corporation to Commemorate ‘Azadi Ka Amrit Mahotsav’
News

Bajaj Group Joins Hands with Pune Municipal Corporation to Commemorate ‘Azadi Ka Amrit Mahotsav’

12/08/2022
Next Post

India's Favourite Music Destinations Radio City and JioSaavn Come Together for a Brand New Weekly Show

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR NEWS

AMSA sustainable fashion store

AMSA brings to sustainable fashion with the unveiling of Atelier in Hyderabad

07/04/2022
Hazrat Nizamuddin Aulia Dargah is always up for Needy: Syed Anis Nizami, Incharge Dargah Sharif

Hazrat Nizamuddin Aulia Dargah is always up for Needy: Syed Anis Nizami, Incharge Dargah Sharif

25/04/2022
Nature’s Essence Signs on Miss Universe, Harnaaz Sandhu as their Brand Ambassador

Nature’s Essence Signs on Miss Universe, Harnaaz Sandhu as their Brand Ambassador

25/05/2022
Yagnik Pandya

Yagnik Pandya who is passionate about cricket

28/12/2021
Rupa Frontline Colors presents brand new ‘Akaska Vest’ – White is also a colour!

Rupa Frontline Colors presents brand new ‘Akaska Vest’ – White is also a colour!

15/02/2022

EDITOR'S PICK

Vijaya ENT Care Centre Organizes ReVision 2020 Workshop to Educate Doctors and Students

Vijaya ENT Care Centre Organizes ReVision 2020 Workshop to Educate Doctors and Students

03/06/2022
Pankaj Singh Parihar joins Condé Nast India as Chief Business Officer

Pankaj Singh Parihar joins Condé Nast India as Chief Business Officer

02/06/2022
Selvas Wear Your Comfort Launched their Line of Adult Inner Wear

Selvas Wear Your Comfort Launched their Line of Adult Inner Wear

11/07/2022

People Tiring of Demonstration, Except Protesters in Jakarta

23/10/2021

About

The Morning is the World's latest news, fashion, political,and sports website. We provide you with the latest breaking news here.

Categories

  • Auto
  • Business
  • Fashion
  • hindi
  • Lifestyle
  • Morning Special
  • News
  • Start-ups Stories
  • Technology

Recent Posts

  • CMD was at GAIL PATA plant in Uttar Pradesh
  • Learn with Leaders Partners with Harvard HPAIR to Shape Young Leaders of Tomorrow; Bring Summer Leadership Workshop to Indian Schools
  • Infinity Learn by Sri Chaitanya Announces Scholarships for the Children of Martyrs
  • Home
  • About Us
  • Contact Us
  • Privacy Policy

© 2021 The Morning

No Result
View All Result
  • Home
  • News
  • Business
  • Technology
  • Auto
  • Fashion
  • Lifestyle
  • Morning Special
  • Start-ups Stories

© 2021 The Morning

Generated by Feedzy