This post may contain affiliate links, which means I may receive a small commission, at no cost to you, if you make a purchase through a link

The journey began with a soft launch in May 2021, paving the way for its official mainnet debut in August of the same year. However, the journey didn’t stop there.

In March 2022, Arbitrum AnyTrust was introduced, aimed at optimizing Layer 2 chains for faster and more cost-effective transactions with minimal trust assumptions. This innovation led to the launch of Arbitrum Nova in July 2022, marking another milestone in Arbitrum’s evolution. 

Recently, the Arbitrum Foundation made headlines by introducing the Arbitrum DAO, a decentralized autonomous organization that heralded the era of community-driven governance for the Arbitrum protocol.

This move underscored Arbitrum’s commitment to democratizing decision-making processes and ensuring the active participation of its community members. 

What truly distinguishes Arbitrum from its counterparts?

Let’s delve into its key features:

• Compatibility with Ethereum: Arbitrum’s Virtual Machine seamlessly integrates with Ethereum’s, enabling developers to deploy smart contracts with minimal modifications. This compatibility not only simplifies the development process but also facilitates the migration of decentralized applications (Dapps) from Arbitrum to the Ethereum mainnet, fostering interoperability within the ecosystem. 
• High Throughput: Designed to handle a high volume of transactions with low latency, Arbitrum offers a scalable solution for various use cases, including gaming, non-fungible tokens (NFTs), and decentralized finance (DeFi). Users benefit from swift transactions and lower fees, enhancing the accessibility and usability of applications built on Arbitrum. 
• Decentralized Governance: At the heart of Arbitrum’s governance model lies the ARB token, which empowers token holders to participate in decision-making processes. From voting on proposals to adjusting fees, ARB token holders play a pivotal role in shaping the future of the Arbitrum protocol, ensuring that the platform evolves in line with community interests and values. 

Now, let’s unravel the mysteries surrounding ARB, Arbitrum’s native token. Following the Ethereum ERC-20 standard, ARB tokens serve as the backbone of Arbitrum’s ecosystem, fulfilling roles as governance and incentive mechanisms.

Is investing in ARB a wise decision in 2024? 

Arbitrum’s exponential growth since its inception hints at its promising potential. However, investing in cryptocurrency entails inherent risks, and thorough research is paramount.

While Arbitrum has demonstrated resilience in the face of market volatility, investors must stay informed about updates to the mainnet proposals and assess their risk tolerance before making investment decisions. 

Conclusion

Arbitrum emerges as a formidable contender in Ethereum’s ecosystem, offering scalable solutions without compromising on security. However, prudent investors should exercise caution and diligence when considering ARB investments, weighing the potential rewards against the associated risks in the ever-evolving crypto landscape.

As in everything related to this topic make your own assessment and evaluation of the risk-reward ratio before solidifying your decision when diving into this coin.

Join Binance to receive 100 USDT cashback voucher

Reference List

• ARB

• Arbitrum Price Prediction 2024: What is ARB?

• What is ARB and how does it work?

The post Arbitrum: A Comprehensive Overview of Its Uses and Benefits appeared first on HMHM FINANCIERA SICAV SA.

Bitcoin had been hovering around the $70,000 level on March 12 but surged later, surpassing its previous all-time highs. On March 14, 2024, it set a new record of $73,750, with a market capitalization reaching $1.44 trillion the highest level ever, surpassing the level of November 2021. Both Bitcoin and the range of the 100 largest currencies have grown by about 70% this year.
In this article I will express my thoughts over how Bitcoin hit its ATH, the aftermath as well as how altcoins will be affected because of this. 

How did this happen?

A few weeks ago, the US Securities and Exchange Commission approved the first exchange-traded fund (ETF) in bitcoin spot, paving the way for the upward trend. Additionally, investors anticipate the upcoming “halving,” which occurs every four years and halves the supply of new cryptocurrencies, further bolstering its price. The next halving is anticipated around mid-April.

The Aftermath

Bitcoin’s rally is producing around 1,500 new “millionaire wallets” every day, according to cryptocurrency analytics firm Kaiko Research. That’s still lower than the rate of millionaire wallets created during Bitcoin’s bull run in 2021, however, when more than 4,000 wallets a day reached the $1 million mark.
Monetary policy developments strongly influence the overall market, fostering investment “euphoria” and increasing risk appetite. Since the beginning of the year, Bitcoin has surged by over 70%, propelling the entire market upwards. Smaller tokens like Ether, Solana, and Avalanche are experiencing gains of 1%, driven by Bitcoin’s momentum. Data from CoinMarketCap shows that the global cryptocurrency market currently values at $2.68 trillion, with an increase of almost 1.6% in the last twenty-four hours.

How will the Altcoins be affected?

In the following month, Bitcoin undergoes an event known as halving, which reduces the supply of new Bitcoin by half. When Bitcoin’s daily production halves, the probability of its price increasing rises. For instance, if the total production of copper halved while demand stayed constant, the price of copper would rise.

The end of the bull cycle

Whenever there is a sudden explosion in Bitcoin, the next question arises about when the collapse will come. In its previous outbursts, including 2013, 2017, and 2021, the digital currency consistently broke its all-time highs, followed by sharp declines.

Previous Bitcoin crashes stemmed from various events: regulatory crackdowns, transaction violations, product crashes, and burst bubbles. The history of Bitcoin seems to repeat itself in a perpetual cycle of boom and bust, drawing many back to the currency every few years.

Conclusion

Bitcoin is making history, reaching a new record and changing the game in the stock market with the approval of ETFs. ETF demand, tight supply, and expectations of looser monetary policy fuel a bullish mood in cryptocurrencies. The upcoming halving in Bitcoin makes this a good time to consider entry into several altcoins (after careful study), expected to thrive this year.

However, one should be mindful of the potential decline that may follow this surge, as seen in previous instances.

Where to invest?

You can start investing now by using one of our recommended brokers such as Bybit.
Start now at Bybit and earn exclusive rewards! Plus, up to 5,030 USDT in bonuses await you.
Click here to start now !

Reference List

Bitcoin: Θα επαναληφθεί η ιστορία;
Bitcoin reaches new all-time high, surpasses Silver in market cap
TOP 13 Altcoins to 10X By Bitcoin Halving

The post Bitcoin hits a new all-time high appeared first on HMHM FINANCIERA SICAV SA.

Before, bitcoin has made a “comeback.” Following a low point in 2019, prices experienced a strong recovery throughout the first year after the outbreak of the Covid-19 epidemic, but then they experienced another sharp decline in the early months of 2021. Later that year, it recovered, but with the historic FTX crisis in 2022, prices fell.

The majority of the current price increase has occurred after January 10, when the Commission on Securities and Exchanges permitted the sale of spot traded funds (ETFs), allowing well-known companies like Fidelity, Invesco, and BlackRock to consumers. And when regular investors wonder if they should include cryptocurrencies in their portfolios, some advisors are sounding a little more upbeat.

Changing Scenery

Many traditional financial advisors, portfolio managers, and financial researchers have quickly written off cryptocurrency due to its dangers and volatility. That seems to be changing, if only a little. Money managers have witnessed millions of dollars being made on Bitcoin by both professional Wall Street traders and ordinary investors, despite the fact that they do not believe that customers should follow a “diamond hands” approach mindlessly. And some do believe that a little amount of Bitcoin might fit into the typical investor’s portfolio if managed properly.

The director of portfolio research at Northern Trust Wealth Management Peter Mladina stated, “People in a market that’s competitive are selling it and they see potential in it for whatever reason, so we need to respect that.”

The suggested portfolio of Northern Trust does not include Bitcoin. Additionally, Mladina refutes some widely accepted myths regarding cryptocurrencies. He contends that it falls short of meeting all the requirements to be considered a currency and that its volatility renders it an inadequate store of value.

Although he advises against investing a significant portion of a portfolio in Bitcoin, he did say that “maybe for certain individuals there might be a small allocation.”

According to recent research, 2024 will see Bitcoin hit a new all-time high.

According to a recent report, Bitcoin (BTC) is predicted to establish a record-breaking high of $88,000 (€82,000) during the year before settling at roughly $77,000 (€71,000) at the end of 2024.

At the moment, the cryptocurrency is valued at about $43,000.

The UK fintech company Finder conducted a study on the performance of Bitcoin through 2030 based on the professional price forecasts of forty experts in the field.

The research revealed that analysts expect the typical peak price of Bitcoin to reach $87,875 in 2024, with some forecasting as high as $200,000. Conversely, they anticipate the typical lowest price of Bitcoin by the end of 2024 to be $35,734, with projections as low as $20,000.

Is today the ideal time to invest $1,000 in Bitcoin?

Think about the following before purchasing Bitcoin stock:

Bitcoin was not one of the ten stocks that the Motley Fool Stock Advisor analysis team recently named as the best ones for investors to purchase right now. In the upcoming years, the ten equities which received the cut might yield enormous profits.

Stock Advisor gives investors a clear road map for success that includes monthly stock recommendations, regular analyst updates, and advice on constructing a portfolio. Since 2002, the return on the S&P 500 has been more than tripled by the Stock Advisor service.

What might stimulate growth for Bitcoin in 2024?

Nearly fifty percent of the specialists Finder polled predicted a price rise following a purported “BTC half event” in April 2024.

During a “halving event,” the mining reward for Bitcoin transactions reduces by 50% annually. Currently, individuals validating transactions receive 6.25 bitcoins, but this number could drop to 3.125. Halving events decrease coin’s supply, leading to price increases. Six months after the split event, approximately half of the 40 surveyed panelists (47%) anticipate Bitcoin hitting a new all-time high.

Click here to join Binance and receive a 100 USDT cashback voucher!

Reference List

• Is Now the Right Time to Invest in Bitcoin?

• Bitcoin price predictions: How much more could the cryptocurrency rise in 2024? | Euronews

• Should You Buy Bitcoin While It’s Rising? | Nasdaq

The post Is it the right time to buy Bitcoin? appeared first on HMHM FINANCIERA SICAV SA.

SUI is a distributed layer 1 cryptocurrency that provides high transaction speeds at a cheap cost. This unsupervised Blockchain (SUI vs Solana) is intended to accommodate a variety of applications.

More specifically, SUI is a tier 1 blockchain, which means it offers the fundamental framework allowing an ecosystem of confirmations and transactions, similar to the Ethereum and Bitcoin networks. But what distinguishes it from different L1s is its emphasis on rapid transaction finality, low latency, and fast transaction speeds.

The Emotive Odyssey: Unveiling the Heartfelt Evolution of SUI Blockchain.

In August 2022, Blockchain SUI (vs Solana), initiated its boost test network. The main Internet network was launched on the third of May 2023. 

Developed by Mysten Labs, which is run by a number of former senior executives from Meta’s (formerly Facebook) now-defunct digital currency wallet program Novi, the blockchain is making significant strides.

What sets SUI Coin apart?

Sui’s architecture addresses pain concerns common to first-generation blockchains by incorporating horizontal expansion, adaptability, limited replay, and on-chain storage.

Vertical Scaling

Each collection of transactions on the SUI network processes concurrently. This is unlike several previous blockchains where restriction arises from a failure to distinguish between various items, assets, finances, and other components.

The ability to combine

SUI permits the direct passing of an asset like an NFT into a function input, in contrast to the majority of other blockchains. Also, SUI’’s object-centric strategy allows for more specialized data structures, as well as the flexibility to store assets within them or in the asset itself.

What’s the Blockchain SUI Coin?

SUI has yet to release any information regarding its native SUI coin, which will launch with the main network. Actually, it will be utilized for gas and storage costs. This fund covers future testers for the price of previous on-chain data. In addition, SUI has a market capitalization of $1,389,885,897 and is currently ranked number 54 on CoinGecko.

What’s Solana Coin?

Compared with SUI, the open-source blockchain platform Solana was developed in 2017 by Anatoly Yakovenko, a former executive at Qualcomm. In fact, Solana’s main goal is to dramatically increase blockchain technology’s flexibility, surpassing well-known blockchains in terms of performance while maintaining affordable costs.

What’s more, the blockchain architecture of Solana is made to make it easier to create smart contracts. However, being compatible with a broad spectrum of non-fungible token exchanges and decentralized finance systems, makes it an adaptable option for a number of use cases.

Solana’s Distinctive Features

To begin with, one of the main reasons why people are drawn to Solana is its emphasis on user experience (UX). Besides that, Solana’s approach to scalability is another distinctive feature.  This achieves high throughput without depending on Layer 2 solutions. In typical autonomous blockchains, processing an increasing volume of transactions generally results in decreased performance. Consequently, using a proof of service technique, it chooses one “leader network” to arrange and sequence transactions amongst multiple nodes. 

The Current Circulation of Solana (SOL) Coins

It has been announced by the Solana Foundation that 489 million SOL coins would be made available for use. Currently, around 260 million of those have reached the market. In particular, the total number of SOL tokens is as follows:

•  16.23% of tokens were allocated to an early seed sale, 
• 12.92% to a launching sale, 
• 12.79% to team members, and 
• 10.46% for the Solana Foundation. 

However, the remaining tokens have already been made available for both public and private sale, or they will be released to the general marketplace shortly.

Reference List

• Sui (SUI) – USDT – Live streaming prices and market cap
• SUI Live Price Chart & News | CoinGecko
• Sui price today, SUI to USD live price, marketcap and chart | CoinMarketCap
• What Is SUI Blockchain? | Ledger
• What is Solana and how does it work? A beginner’s guide to SOL | The Block
• What Is Solana (SOL) and How Does SOL Crypto Work?
• Solana price today, SOL to USD live price, marketcap and chart | CoinMarketCap
• Solana Price: SOL Live Price Chart & News | CoinGecko

The post Blockchain SUI vs Solana: What You Need to Know appeared first on HMHM FINANCIERA SICAV SA.