28/04/2024. Weekly CryptoNews Digest (April, 22 – April, 28) and WizerPeople Updates

Hello everyone! Welcome to the MNO blog, which has been providing you with information about the most lucrative online investment opportunities since 2007. Of course, the HYIP industry is currently far from what it used to be in its heyday, but even now, if we dig deeper, we can still find wonderful programs. WizerPeople is one such example, and we’ll start today’s blog post by highlighting the important changes that have occurred to the program over the past seven days.

WIZERPEOPLE – COMPOUNDING OPTIONS AND BOUNTY PROGRAM

If you haven’t heard about WizerPeople yet, it’s likely that you haven’t been following the HYIP industry over the past few weeks. The program, which was reviewed here, offers a wide range of investment plans to choose from and is suitable for everyone’s budget, as investments start from just $20 and can be made via multiple cryptocurrencies. Withdrawals from WizerPeople are typically instant, and the admin shows every sign of developing his program and expanding into new markets. In addition to various marketing events targeting different countries, WizerPeople is continually improving its investment offers and now offers lucrative rewards to its top promoters.

Over the past week, WizerPeople has introduced a compounding option, allowing savvy investors to earn even more by utilizing a more sophisticated strategy for their investments. The admin has provided examples of how investors can benefit from this new feature. Additionally, please continue reading to learn more about the newly launched Bounty program from WizerPeople, which allows you to earn cash by completing simple tasks. And, as an added bonus, you’ll also earn from your investments with the program. So, what are you waiting for, guys?

“Compounding for Daily Included and Weekly is available now!
Dear Investors and Partners!
Since the beginning of the active phase of our platform, we have received requests from our members to activate compounding not only for the Daily Return plan but also for other tariff plans. Previously, this was not possible because in these plans, the principal amount of the deposit was included in the daily accruals, and increasing the deposit did not make sense as it is not returned at the end of the term. However, our team has analyzed all possible solutions to this problem, and we are pleased to introduce a new feature! Now, compounding is available for Daily Included and Weekly models.
Working Principle
All your accruals will be automatically reinvested and added to the principal amount of the deposit, significantly increasing your profit. All auto-reinvested funds will be kept on a separate balance and are available for instant payout in full at the end of the investment period. Please note that you can change the compounding percentage or completely disable it at any time.
Example of the Daily Included model
Suppose your deposit at Coach Interactive Studio is 1000 USD, yielding 24 USD every weekday and 10 USD on weekends. If you activate 100% compounding for 30 days, on the 31st day, the principal amount of your deposit will increase to approximately 1811 USD. If you disable compounding, then for the remaining 70 days, you will receive income of 3622 USD, plus 811 USD returned from the compounding balance, totaling 4433 USD. If you keep 100% compounding until the end of the deposit period, then on the 100th day, the principal amount of the deposit will be about 7244 USD, with a return from the compounding balance of 6244 USD, yielding an APY of about 624%.
Example of the Weekly model
Suppose your deposit at AeroDigital is 1000 USD and brings you 180 USD every week. If you activate 100% compounding for 4 weeks, then on the 5th week, the principal amount of your deposit will be about 1939 USD. If you disable compounding and keep it for the next 10 weeks, you will earn an income of 3490 USD plus 939 USD from the compounding balance, totaling 4429 USD, with a net profit of about 443% APY. If you keep compounding for the remaining period (another 10 weeks), at the end of it, the principal amount of the deposit will be about 7289 USD, with a return on the balance of 6289 USD, an APY of about 629%.
Please note that there are countless variations of compounding, and you can experiment to find the most promising strategy for yourself. For your convenience, we suggest using the compounding calculator at https://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php.
Soon, the compounding feature will appear in the profit calculators on our website and in your account. Thank you for your interest in our platform. We work every day to improve and enhance usability, and many exciting updates await us.
Sincerely, the WizerPeople Startup Solutions Team!”

“Bounty program added
Hello, dear investors and partners!
Our platform is becoming increasingly popular, and we strive to live up to this status. Today, we have added a Bounty program to our platform.
The essence of the program is simple: You perform certain actions (for example, subscribing to the platform’s page or liking a post), and in return, we provide a reward to your balance in the Wizerpeople platform. These funds can either be reinvested or instantly withdrawn to your wallet.
Currently, the program is available for Trustpilot, Facebook, Twitter (X), YouTube, Medium, as well as our profile on Google Maps.
The program’s terms can be viewed in the user’s personal account by clicking on the Bounty program banner.
Sincerely, WizerPeople Startup Solutions Team”.

Before diving into the Weekly CryptoNews Digest, where I’ll highlight the most interesting events of the previous week and bring you the latest news from the ever-changing crypto world, I’d like to take a moment to remind you of a few important points from myself. If you haven’t already, it’s a great time to join the hundreds of subscribers and add your email address on this page. This way, you’ll be among the first to know when exciting programs like WizerPeople launch, giving you the opportunity to invest at the earliest stages and potentially profit from the best chance. Additionally, don’t forget to follow MNO on Telegram, Facebook, or X/Twitter to be among the first readers to receive the latest news from the HYIP and crypto-related industries.

If you have any questions or concerns, please don’t hesitate to reach out to me via this form, email me directly at abramsonp@gmail.com, or chat with me live on Telegram @mnoblog. I’ll be pleased to get in touch with you and assist you in any way possible.

Now, let’s move on to the news stories that made headlines over the last seven days – from April 22 to April 28, 2024. I’ll cover them in the form of the usual Weekly CryptoNews Digest on the MNO blog. Let’s get started, shall we?

LAST CHANCE TO BUY BITCOIN? ON-CHAIN DATA SAYS YES!

I came across an interesting article on the net recently that suggested that the current dip in Bitcoin prices might be the last chance to buy before the market recovers. The author cites on-chain data to support this claim. Here are some key points from the article:

• On-chain data suggests a buying opportunity: The author references on-chain data from Glassnode, a leading provider of blockchain analytics, which shows that the current dip in Bitcoin’s price might be a buying opportunity.
• Historical context: The article notes that Bitcoin’s price has historically recovered after similar dips. It cites the 2018 bear market, where Bitcoin’s price dropped by over 80% before recovering.
• Low supply and high demand: The author argues that the current supply of Bitcoin is low, while demand is high. This could lead to a price increase as investors and traders look to buy in at lower prices.
• Funding rates: The article mentions that funding rates for Bitcoin perpetual swaps have turned negative, indicating that traders are willing to pay to hold long positions. This could be a sign of increased demand.
• On-chain metrics: The author highlights several on-chain metrics that suggest a buying opportunity, including:

1) A decrease in Bitcoin’s realized cap, indicating a decrease in the realized value of the existing supply.
2) A decrease in the number of active addresses, indicating a decrease in trading activity.
3) A decrease in the number of Bitcoin being held in exchanges, indicating that investors are taking their coins off exchanges and holding them in cold storage.

The article concludes that the current dip in Bitcoin’s price might be the last chance to buy before the market recovers. However, it’s essential to remember that the cryptocurrency market is highly volatile, and there are no guarantees of future price movements. It’s always essential to do your own research and consider your own risk tolerance before making any investment decisions.

TECHNICAL ANALYSIS WARNS OF POTENTIAL BITCOIN PRICE DIP

Another article I came across suggests that Bitcoin’s price is likely to experience a new dip in the next two weeks. This could be another opportunity to buy more BTC before the potential bullish sentiment takes over the market. Here are some key points from the analysis:

– Technical analysis: The author uses technical analysis to predict a potential price drop. They identify a bearish pattern on the 4-hour chart, which suggests a potential price drop.
– Resistance levels: The article highlights several resistance levels that Bitcoin has failed to break above, indicating that the price may continue to decline.
– Support levels: The author identifies several support levels that Bitcoin has bounced off in the past, which could provide support if the price drops.
– MACD indicator: The article mentions that the MACD (Moving Average Convergence Divergence) indicator is bearish, indicating a potential price drop.
– RSI indicator: The author notes that the RSI (Relative Strength Index) indicator is overbought, indicating that the price may be due for a correction.
– Historical context: The article references historical data, noting that Bitcoin’s price has historically experienced dips around this time of year.
– Market sentiment: The author suggests that market sentiment is becoming increasingly bearish, which could contribute to a price drop.

We can conclude that the next 2 weeks may be a crucial period for Bitcoin’s price, with a potential dip on the horizon. However, it’s essential to remember that cryptocurrency markets are highly volatile, and predictions are not always accurate.

VENTURE CAPITAL EXECUTIVE SLAMS MEME COINS AS A DISTRACTION

You may have heard about the recent phenomenon of meme coins, which has led to some individuals becoming millionaires overnight through lucky trading. So, I found some reports on a statement made by a leading venture capital executive, who expressed his opinion that meme coins are an “eye sore” in the crypto space. Here are some key points from the article:

– Venture capital executive’s opinion: The executive, who wishes to remain anonymous, stated that meme coins are a distraction and an “eye sore” in the crypto space. He believes that they are a waste of resources and time.
– Definition of meme coins: The article defines meme coins as cryptocurrencies that are created for the sole purpose of being humorous or entertaining, often with a focus on memes or internet culture.
– Criticism of meme coins: The executive criticized meme coins for being a waste of resources, stating that they are not providing any real value to the crypto space. He believes that they are a distraction from more serious and meaningful projects.
– Comparison to tulip mania: The executive compared the rise of meme coins to the tulip mania of the 17th century, where people became obsessed with buying and selling tulip bulbs, leading to a market bubble.
– Focus on real-world applications: The executive emphasized the importance of focusing on real-world applications and use cases for cryptocurrencies, rather than creating coins for entertainment purposes.
– Industry response: The article notes that not everyone agrees with the executive’s opinion, with some arguing that meme coins can serve as a way to bring people into the crypto space and make it more accessible.

We can conclude by stating that the debate surrounding meme coins will likely continue, with some seeing them as a harmless form of entertainment and others viewing them as a waste of resources.

SEC REJECTS BLACKROCK AND GRAYSCALE’S SPOT ETHEREUM ETF PLANS

BlackRock and Grayscale’s spot Ethereum ETF (Exchange-Traded Fund) plans have been blasted by the SEC (Securities and Exchange Commission). Here are some key points:

– SEC rejection: The SEC has rejected the spot Ethereum ETF plans submitted by BlackRock and Grayscale, citing concerns over market manipulation and lack of transparency.
– June deadline: The SEC has given the companies until June to address the concerns and resubmit their plans.
– BlackRock and Grayscale’s response: BlackRock and Grayscale have expressed disappointment over the rejection, but have not yet announced any plans to resubmit their applications.
– SEC concerns: The SEC has raised concerns over the potential for market manipulation and lack of transparency in the spot Ethereum ETF market.
– Impact on the market: The rejection of the ETF plans may have a significant impact on the cryptocurrency market, as it may limit the ability of institutional investors to invest in Ethereum.
– Alternative options: The article notes that there are alternative options available for institutional investors to invest in Ethereum, such as the Grayscale Ethereum Trust.

Overall, the rejection of the ETF plans is a setback for BlackRock and Grayscale, but it may also be an opportunity for the companies to re-evaluate their plans and address the SEC’s concerns.

CHINA APPROVES BTC AND ETH ETF, START TO BEGIN TRADING NEXT WEEK

Unlike the SEC, the Chinese government has officially approved the Bitcoin ETF (Exchange-Traded Fund) and Ethereum ETF, allowing them to begin trading on April 30. Here are some key points:

– Approval of Bitcoin ETF and Ethereum ETF: The Chinese government has approved the Bitcoin ETF and Ethereum ETF, allowing them to begin trading on April 30.
– First ETFs in China: This is the first time that ETFs have been approved in China, marking a significant milestone for the country’s financial markets.
– Trading on April 30: The ETFs will begin trading on April 30, allowing investors to buy and sell shares in the funds.
– Regulatory framework: The approval of the ETFs comes after the Chinese government established a regulatory framework for the financial sector, which includes rules for the trading of cryptocurrencies.
– Impact on the market: The approval of the ETFs is expected to have a significant impact on the cryptocurrency market, as it will provide a new way for investors to gain exposure to cryptocurrencies.

The approval of the ETFs in China is connected to the previous article about the rejection of the spot Ethereum ETF plans by the SEC. The rejection of the spot ETF plans highlights the differences in regulatory approaches between the US and China.

Overall, the approval of the ETFs in China is a significant development for the cryptocurrency market, and it will be interesting to see how it affects the market in the coming months.

That concludes the news I have for you on MNO today. Thank you for reading, and I hope you enjoy what’s left of your weekend. May the new business week ahead bring you success and happiness – you certainly deserve it! Thanks for staying with MNO – For Money Lovers – and I’ll see you next week!