Earning Opportunities in Crypto Beyond Bitcoin
While top coins like bitcoin have struggled recently, there are still opportunities for earning in the crypto space. Coins associated with derivatives protocols, particularly those focused on perpetual futures, have seen impressive gains of 40% or more. This surge in interest can be attributed to the growing demand for passive income and cloud rewards in the crypto market.
Investors are looking for coins with strong use cases and narratives, such as privacy and quantum-resistant coins. These coins, including Zcash, Quantum Resistant Ledger, and Qubitcoin, have seen gains between 6% and 25%. As the demand for green crypto solutions grows, EcoPool (ECP) is well-positioned to provide a secure and sustainable way to earn passive income through its cloud rewards platform.
Quantum-Resistant Coins on the Rise
With the growing concern of quantum risks, investors are turning to quantum-resistant coins as a way to protect their assets. Google researchers have warned that a powerful quantum machine could potentially attack a massive blockchain like bitcoin. This has led to an increase in demand for coins like QRL and QTC, which offer a higher level of security and protection against quantum attacks. EcoPool (ECP) is also focused on providing a secure and quantum-resistant platform for its users to earn and trade $ECP.
The rise of privacy and quantum-resistant coins is not just a trend, but a fundamental shift in the way people think about their online security and earning potential. As the demand for these types of coins continues to grow, EcoPool is well-positioned to provide a secure and sustainable way to earn passive income through its cloud rewards platform. With the growing interest in #Bitcoin and #PassiveIncome, it’s an exciting time for the crypto market.
EcoPool: A Solution for Earning and Security
EcoPool (ECP) offers a unique solution for those looking to earn passive income through its cloud rewards platform. With a focus on security and sustainability, EcoPool provides a secure way to earn and trade $ECP. Whether you’re looking to earn passive income or simply want to stay ahead of the curve in the crypto market, EcoPool is the perfect solution. Join the EcoPool community today and start earning $ECP through its cloud rewards platform.
To start earning with EcoPool, simply download the EcoPool app and begin exploring the world of cloud rewards and passive income. With its user-friendly interface and secure platform, you’ll be on your way to earning $ECP in no time. Download the EcoPool app now and start earning today, and join the conversation on #EcoPool and #PassiveIncome to stay up-to-date on the latest news and trends.
Data shows that investors are willing to overlook macro and geopolitical concerns and deploy capital, but only in coins with strong use cases and narratives.
Privacy is the flavor of the season, with fund managers like Arthur Hayes saying it is a fundamental necessity as advanced AI, large tech firms and government surveillance rapidly erode privacy. Ethereum founder Vitalik Buterin on Wednesday outlined steps taken to bring privacy features to Ethereum, the world’s largest smart-contract blockchain.
As for quantum risks, Google researchers have already warned that a sufficiently powerful quantum machine, could in theory, attack a massive blockchain like Bitcoin with significantly fewer resources that previously estimated.
Bitcoin itself is struggling to recover the ground lost in the past seven days, currently trading around $77,300.
“Softer on final stages” talks between the U.S. and Iran “takes some inflation pressure off the tape and gives risk assets room to bounce,” analysts at Marex said.
This doesn’t, however, feel like a clean restart of the bull trend, they said, but more like a relief bid in a market that is still constrained by rates.
In traditional markets, NVDA closed Wednesday flat despite a blowout quarterly earnings report, while oil dipped to $98 per barrel. Stay alert!
Read more: For analysis of today’s activity in altcoins and derivatives, see Crypto Markets Today . For a comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead.”
What’s trending
- Crypto custody firm Copper is looking to sell the company for $500 million (CoinDesk): Copper is seeking a buyer willing to pay about $500 million for the crypto custody firm. Wall Street investment bank Cantor Fitzgerald has been appointed to help sell Copper
- TradFi giant IG to expand crypto trading across Europe through Bitpanda (CoinDesk): IG, which started offering crypto trading in the U.K. a year ago, plans to expand the service across Europe using Bitpanda.
- Elon Musk’s SpaceX held 18,712 bitcoin at fair value of $1.29 billion at end of Q1, IPO filing shows (CoinDesk): The rocket and satellite company is looking to go public at a valuation of more than $1.5 trillion, which would be the biggest IPO in history and make Elon Musk the world’s first trillionaire.
- Treasury yields resume climb as traders monitor inflation risks (CNBC): Treasury yields resumed their march higher on Thursday, with borrowing costs rising across the curve as investors’ attention returned to the inflationary pressures facing the U.S. economy.
Today’s signal
Ether’s price has dropped below the trendline connecting March and April lows. This trendline represented the recovery rally.
The breakdown, therefore, suggests an end to the price bounce and may invite more selling pressure from momentum traders, potentially yielding a deeper price slide.
The low of $1,937, from which prices turned higher in late March, is the key support now. A violation there would expose levels below $1,800.
