crypto
Nevada Welcomes Bitcoin and Crypto: Day Two of the America Loves Crypto Tour
The speakers and performers at the second night of the America Loves Crypto tour were just as impassioned and driven to get out the crypto vote as those from the first night of the tour.
The political figures and crypto industry leaders present at this event, which took place at The Space in Las Vegas, included Sonny Vinuya, Outreach Director for Nevada Governor Joe Lombardo (R); Rudy Pamintuan, Nevada Lieutenant Governor Stavros S. Anthony’s Chief of Staff (R); Nevada State Treasurer Zach Conine (D) and Kate Rouch, Chief Marketing Officer (CMO) at Coinbase, amongst others. Rapper and singer 070 Shake and Las Vegas-based DJ 3LAU performed at the event.
The common threads in the rhetoric of the speakers and performers at the event were that crypto is here to stay, Nevada will be a home for the crypto industry and that the crypto vote matters deeply in Nevada, a swing state with a population of just over 3.1 million in which the 2024 Presidential election vote differential was only 33,516.
Ensuring Victory for Pro-Crypto Candidates in Nevada
“We need to ensure that our policymakers and the leaders we elect are those that embrace what we believe in,” Pamintuan, a crypto investor since 2015, told the audience.
“And so in this coming election cycle, especially here in Nevada, elections are going to be won or lost by 1 or 2 percentage points. That’s about 15,000 to 30,000 votes,” he added.
“When you add up how many people in our state are investors in crypto, that number is far greater than the margin of victory.”
Far greater is an understatement, as 385,000 Nevadans own crypto, according to the Stand With Crypto Alliance. This number was plastered across screens at the event for the entirety of the evening.
“In my business, we always say the market will decide,” began Conine.
“Well, guess what, folks? You’re the market, and your vote matters. Elections in this state are always very close, and they’re not close because everybody votes and both sides are even. They’re close because some people vote, but a lot of people stay home,” he added, before urging those in the audience who weren’t registered to vote to do so while stressing that the crypto vote can sway the ballot in upcoming elections at both the state and federal levels.
Rouch, a resident of Nevada, also issued a call to action from the stage.
“We need you guys this election,” she said.
“It is critically important to figure out where the politicians in your district, in the state, stand on crypto — to really ask them the hard questions — and to tell your friends and family to get out there and vote.”
Nevada as a Home to the Bitcoin and Crypto Industry
“Las Vegas is a city of opportunity — above and beyond the casino floors,” shared Vinuya from the stage.
“Nevada is home to an emerging center of technology and financial innovation, entrepreneurship, and economic growth,” he added before citing that the Governor’s Office of Economic Development facilitated $5 billion in economic investment last year and that the state saw 4% job growth in the same time period.
Part of this trend was fueled by Nevada’s embrace of the crypto industry.
“Amidst all of these exciting achievements under the leadership of Governor Lombardo and Las Vegas Mayor Carolyn Goodman, Nevada has also become a home for innovators in blockchain technology and cryptocurrency,” he explained.
Vinuya then pointed out that next year’s Bitcoin conference will be based in Las Vegas.
“Here in our state, we have a good concept coined by Governor Lombardo called ‘the Nevada way,’ which means that as Nevadans, we never give up, we never give in, and we never stop dreaming,” he concluded. “The spirit of the Nevada Way is alive and well in the Bitcoin community, and we welcome your innovation and big dreams in Nevada.”
Capitalizing on Political Momentum
According to Rouch, we’ve hit the point of no return with crypto, and politicians can no longer afford to not take a stance on the issue, which is why Coinbase supports the Stand With Crypto Alliance.
“What we’re really saying here is ‘pay attention,’” Rouch told Bitcoin Magazine. “This matters to a lot of voters.”
After citing that 52 million Americans of varied backgrounds, ethnicities and socioeconomic status now own crypto, Rouch explained that politicians, up the federal level, now see how big of an issue this is and are acting accordingly.
“We’ve seen undeniable change in Washington, DC over the last year from both parties,” she said.
“We had FIT21 pass in the House with a bipartisan vote. That was really unprecedented. We also have politicians making their statements on crypto known for the first time, and I feel very optimistic about that,” she added.
Rouch wasn’t the only speaker or performer at the event feeling optimistic.
Before beginning his DJ set, 3LAU told the story of how he met the Winklevoss twins, early bitcoin buyers and owners of the Gemini crypto exchange, at a gig a decade ago. He shared how they explained what Bitcoin was to him at that event, and that it gave him hope.
“Bitcoin changed my life, and it’s been that way for the past 10 years,” said 3LAU to the crowd before he started his DJ set.
“This election is probably the most important in my life. We have a choice to make: the future of the financial system or follow the legacy bullshit that we’ve had to put up with,” he added.
“And we’re all going to fucking vote for crypto.”
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Crypto exchange Bitget has sealed a partnership with La Liga, Spanish football’s premier football league, as its official crypto crypto partner, Gracy Chen, CEO at Bitget told CoinDesk in an interview on the sidelines of the Token2049 conference.
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Recent Ethereum price action saw ETH reaching another low of $2,150 on September 6, raising concerns of a more severe drop towards the $2,000 price level. Although these concerns were eased with a subsequent bounce to $2,460 on September 13, Ethereum remains largely in a downtrend, with a triple-bottom price formation now shaping up.
Interestingly, this triple bottom formation is not new for Ethereum. As technical analysis points out, the current price action seems to repeat a similar playout in mid-2021.
Ethereum Fractal Suggests Rally In Q4
According to a technical analysis by crypto analyst CryptoBullet on social media platform X, Ethereum is shaping up to form a triple bottom price formation on the 1D candlestick time frame. While the third bottom has yet to be fully completed, the analyst draws attention to a similar pattern that unfolded between June and August 2021.
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During those three months, Ethereum’s price fluctuated up and down to create three distinct lows just above the $1,675 mark. After the third low was established, Ethereum experienced a significant bullish rally that propelled it to break through and establish its current all-time high. This upward movement became even more pronounced after a fractal pattern emerged in August 2021, signaling a strong momentum shift.
Recent market dynamics have prompted Ethereum to create two bottoms of around $2,150 in August and September. Interestingly, a recent rejection at the $2,450 resistance has seen Ethereum pushing on a decline. This has prompted analyst CryptoBullet to highlight the possibility of a third low in October, thereby completing the triple bottom formation.
Price formations in cryptocurrency markets are known to repeat over time, often following patterns that can help traders anticipate future movements. While no two market conditions are exactly the same, studying past price movements provides valuable insights into what may happen in the future. A similar playout of the 2021 price action puts on a similar surge for Ethereum in Q4 2024. Notably, the analyst envisioned a rally towards the $3,700 price level.
What’s Next For ETH?
At the time of writing, Ethereum is trading at $2,320 and continues to exhibit a weak short-term outlook. If Ethereum fails to clear the $2,340 resistance, it could start another decline towards $2,150.
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This weak performance and outlook are even more pronounced compared with Bitcoin. As such, Ethereum/Bitcoin is now at its lowest level since April 2021, a staggering 41-month low. Most of this lackluster action has also been exacerbated by selloffs from a few large holders. For instance, Ethereum co-founder Vitalik Buterin recently came under scrutiny for selling $2.2 million worth of Ethereum.
Featured image created with Dall.E, chart from Tradingview.com
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Sep 18, 2024 07:35 UTC
| Updated:
Sep 18, 2024 at 07:35 UTC
A leading crypto analyst has drawn a bold comparison between ETFSwap (ETFS) and Shiba Inu (SHIB), suggesting that buying ETFS at its current price of $0.03846 could offer the same massive growth potential as investing in Shiba Inu (SHIB) did back in 2020. With such a promising outlook, many investors are paying close attention to this emerging opportunity.
Why ETFSwap (ETFS) Might Surpass Shiba Inu’s 2020 Surge
At its current price of $0.03846, ETFSwap (ETFS) is leading the profitable wave of tokens that have the potential to transform lives in the market. Given the increase in demand for ETFS tokens during the current presale round, the crypto analyst projects that purchasing ETFSwap (ETFS) is like buying Shiba Inu in its initial stages of 2020.
Beginners in cryptocurrencies can trade ETFs with ease thanks to ETFSwap’s (ETFS) user-friendly interface, which offers excellent profit opportunities around the clock. By enabling swapping between cryptocurrencies and ETFs, ETFSwap (ETFS) facilitates asset transfers across marketplaces with affordable costs and secure interfaces.
Shiba Inu’s 2020 success is in jeopardy because the cryptocurrency market hasn’t had a platform with this kind of usefulness. Beyond market expectations, the ETFSwap (ETFS) system provides traders within its ecosystem with unparalleled flexibility and liquidity. This is due to the fact that, in contrast to conventional platforms, it permits asset trading without expiration.
Furthermore, the ETFSwap (ETFS) system outperforms Shiba Inu by giving investors access to financial data via sentiment monitoring, forecasting algorithms, real-time data, and sophisticated analytics via its AI-powered ETF Screener and Tracker. The ETFSwap (ETFS) platform enables tokenized assets secured by stocks from authorized financial markets to be used by MiCa-compliant regulated investment enterprises.
With the recent acquisition of a SOLIDProof certification of compliance for KYC verification, ETFSwap (ETFS) should be able to offer users more asset control and enhance the ecology of the platform.
CyberScope audits also validate ETFSwap’s (ETFS) blockchain technology dedication to customer privacy and security. The bold prognosis of the crypto analyst has been drawn to this concentration on a secure trading environment.
With plans to launch an ETF by 2025, ETFSwap (ETFS) poses a serious threat to Shiba Inu’s 2020 success. The beta platform is set to launch in a few days and is anticipated to increase market momentum.
Shiba Inu’s Meteoric Rise In 2020
Shiba Inu, a decentralized cryptocurrency that was launched in 2020, saw an incredible increase that made its early supporters wealthy in less than a year. During that year’s incredible ascent, Shiba Inu saw an unprecedented 2,000% increase in value, rising from $0.00001 in 2020 to an all-time high of $0.00008845.
This was the biggest rise the market had ever seen. Crypto analysts and other investors are keeping a close check on ETFSwap’s (ETFS) current presale round, which is valued at $0.03846, in an attempt to beat Shiba Inu’s record bullish trend of 2020 by getting in early. These investors might profit substantially from the platform if this encouraging trend keeps up.
Conclusion
The crypto analyst is intrigued by the current ETFSwap (ETFS) presale due to its low price of $0.03846 and the possibility of large rewards. Owing to this demand, the crypto analyst believes that ETFSwap (ETFS) will exceed Shiba Inu’s 2020 performance.
In less than three days, more than two million tokens have been sold during the current presale round, which is anticipated to conclude soon. Given the price of $0.03846 and the 50% discount on each transaction, the crypto analyst sees the presale phase as an incredible opportunity to improve people’s lives.
For more information about the ETFS Presale:
Clark
Head of the technology.
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