5 ways to profit from the crypto crash without buying volatile coins

Hello everyone, this is our weekly crypto digest. Here you’ll find everything from a weekly market summary and top news to the hottest new listings on exchanges, and even memes to cheer you up. To get these updates as soon as we post them, follow us on Twitter.

Weekly Market Summary

The head of the investment company Ark Invest, Cathie Wood, said at the SALT conference that Bitcoin is likely to grow tenfold over the next five years and surpass $500 000.

“We believe that the price will be tenfold of where it is today so instead of $45 000 over $500 000” said Cathie.

She added that Ark Invest’s confidence in ETH has grown significantly due to the ETH’s transition from the PoW consensus algorithm to the PoS algorithm.

Investment company Grayscale, together with the world’s most famous news magazine Time, launched an educational project “Get To Know Crypto“

Emmy Blotnik, a popular American stand-up comedian, was chosen as the host of the first episode.

The Time will not convert the received cryptocurrency into fiat but will save it in BTC.

Quick weekly news:

• 5 ways to profit from the crypto crash without buying volatile coins
• Uniswap (UNI) price jumps by 15% in DeFi
• BTC steals $47K from bears
• Solana Mainnet Back Online After Day in the Dark

Other notable events include:

– Google Takes Giant Step Towards Powering Blockchain-Based Web 3
– Fidelity Lobbies For Bitcoin ETF Adoption In Private Meeting With SEC

Google Takes Giant Step Towards Powering Blockchain-Based Web 3

Google Cloud has teamed up with popular NFT brand Dapper Labs, which is known for its NFT NBA Top Shot marketplace, Forbes reported.

As part of a multi-year partnership, Google Cloud will act as the network operator offering its infrastructure to scale the Flow blockchain.

The Flow network already supports dozens of apps, including some of the most popular NFT collections: NBA Top Shot and CryptoKitties.

Against that backdrop, the FLOW token has risen in price by 20%.

Fidelity Lobbies For Bitcoin ETF Adoption In Private Meeting With SEC

Last week, representatives of Fidelity Investments, including their Fidelity Digital Assets division, led by Tom Jessop, and representatives of the SEC held a closed meeting.

Fidelity executives prepared a presentation outlining the reasons why the SEC should approve a Bitcoin ETF. The main reasons are the increased demand for digital assets as well as products derived from them, the successful launch of ETFs in other countries, and the growing popularity of BTC.

In response to comments from the SEC chairman regarding the consideration of ETFs on Bitcoin futures, Fidelity responded that strict compliance with the 1933 law is no longer necessary as the market has matured.

• Spot trading: There are some changes at the spot trading front: Solana (SOL) outrun Bitcoin (BTC) and pushed it to second place. Algorand (ALGO) and Polygon (MATIC) were pushed to third and fourth places.

• Derivatives: Bitcoin (BTC) and Tezos (XRZ) have become the most traded currencies as to trading derivatives. Ethereum (ETH) is following these two head to head with Compound (COMP) and Litecoin (LTC) taking fourth and fifth places.

New Listings on CoinbasePro:

• GreenTrust (GNT/USDC)
• Loopring (LRC/BTC LRC/USD)
• AlchemyPay (ACH/USD)
• XRP (XRP/BTC XRP/USD XRP/GBP XRP/EUR)
• XYO (XYO/BTC XYO/EUR XYO/USDT)

New Listings on Binance:

• dYdX (DYDX/BTC DYDX/BNB DYDX/BUSD DYDX/USDT)
• Gala (GALA/BTC GALA/BNB GALA/BUSD GALA/USDT)

New Listings on Kucoin:

• LUNA3S (LUNA3S/USDT)
• LUNA3L (LUNA3L/USDT)
• Gitcoin (GTC/USDT GTC/BTC)
• dYdX (DYDX.USDT DYDX.USD DYDX.EUR)
• NKN (NKN/BTC NKN/USDT)
• DOGE3S (DOGE3S/USDT)
• DOGE3L (DOGE3L/USDT)
• HederaHashgraph (HBAR/BTC HBAR/USDT)
• Flow (FLOW/BTC FLOW/USDT)

By the way, our PRO plan includes new Exchange Listing alerts for all 27 exchanges in our app. Become a PRO and receive an instant notification when a new coin is listed on Coinbase Pro, Binance, or an exchange of your choice!

Yummy Coin is a BEP20 token issued on the Binance Smart Chain. It is a charitable organization, and according to the crypto’s official website, the developers have claimed to give 3% of each transaction to a charity wallet. It’s the first deflationary token to automatically swap user’s charity funds (3% of every transaction) into BNB, so you’ll never have to worry about your charity fund when they decide to donate. Yummy Coin has already donated over $1.1 million and burnt over 35% of the total token supply as a method to return value to its holders. The Yummy coin is on a mission to eradicate hunger around the world.

DYOR

Twitter
Website

 

Cardano is a proof-of-stake blockchain platform that aims to empower “changemakers, innovators, and dreamers” to effect positive global change. It was launched in 2017, and the ADA token was created to allow owners to participate in the network’s functioning.

Agricultural companies use Cardano to track fresh food from field to fork, while other products based on the platform allow educational credentials to be stored in a tamper-proof way and retailers to clamp down on counterfeit goods.

Cardano is the nexus of five principles: people, purpose, technology, research and opportunity.

Recent announcements:

Cardano Gains Smart Contract Capability Following ‘Alonzo’ Hard Fork
Cardano price could reach $8

DYOR:
Website
Twitter

We have prepared top-performing coins of Sep 16 for you.

Horizen has managed to become the best performing asset among TOP-100, gaining 21.58% within the last 24 hours.

Tezos was the worst-performing asset among TOP-100 (again), losing 10.78% within the last 24 hours.

To get up-to-date reports on gainers and losers during the week, follow us on Twitter.

Top cryptomeme of the week

We hope you found this digest useful and informative! If you want to be the first one to receive new crypto insights and stay up-to-date with the market, follow us on Twitter. Happy trading with the Good Crypto app!