crypto
Politicians, Founders Motivate Crypto Voters on Day One of the America Loves Crypto Tour
On a 100°F evening in Phoenix, crypto enthusiasts from Arizona came out with gusto for the first night of the America Loves Crypto tour.
The tour, organized by the Stand With Crypto Alliance, a non-profit on a mission to get America’s 52 million crypto owners out to the polls in November, will roll through five swing states in the coming weeks, bringing awareness to the importance of voting for candidates who support pro-crypto policies in the upcoming US elections.
On this evening in Arizona, politicians such as Senator Kyrsten Sinema (I-AZ) and Arizona House Speaker Pro Tempore Travis Grantham (R) spoke to the audience alongside crypto industry founders before making way for the psychedelic soul grooves of the Black Pumas.
The Mission and the Margin
“A huge priority for us is turning out the crypto vote,” Logan Dobson, Executive Director of Stand With Crypto, told Bitcoin Magazine.
“Our only cause is crypto. We’re not pushing for specific candidates. We’re not pushing for specific parties. We’re just getting the crypto vote out,” he added.
“And I can tell you that in multiple swing states already, there are more people who have signed up with Stand With Crypto than the margin of victory was in 2020.”
Dobson’s final point is particularly pronounced in Arizona, where, in the 2020 presidential election, President Biden beat former President Trump by about 10,500 votes. Stand With Crypto has signed up almost three times the amount of crypto advocates — 27,231 — than the amount of voters who accounted for Biden’s margin of victory in the previous election.
Encouragement from Politicians
Senator Sinema kicked off the event, urging audience members to fearlessly vote for candidates who support pro-crypto policies.
“You guys are a real force in Arizona and it’s important that we use this election cycle to ensure that the crypto community’s voice is heard,” said Senator Sinema.
“We’ve got to push for policies that fuel innovation so the financial system works for everyday people. We’ve got to make sure that candidates up and down the ballot — state legislatures as well as at the federal level — understand crypto and are working towards a great political climate for crypto rather than one that’s based on misinformation, fear and old-school regulations that hinder the industry,” she added.
Sinema concluded her brief speech with what seemed like a mild jab at the Democrats, the party she parted ways with in December 2022.
“Don’t be afraid to support a candidate or an elected official who takes risks,” she said.
“You all understand the value of taking risks. The crypto industry wouldn’t exist if it weren’t for risk taking,” Sinema added.
“We want to look for candidates who are reasonable but are willing to take risks and speak out against the party line rhetoric that’s trying to stop or slow the innovation of this industry.”
Following Sinema was Grantham, a proponent of the freedom with which bitcoin and crypto provides its users.
Grantham didn’t mince words from the stage. He discussed how politicians are abusing the US dollar by spending more of it than they have and printing it at will. He made the case that it’s up to Gen Z and Millennials especially to vote for pro-crypto politicians to allow for assets like bitcoin to compete against the dollar. He was even more explicit on this topic in an interview backstage with Bitcoin Magazine.
“There’s a large group of elected officials who think the government is the solution to our monetary problems, that this fiscal irresponsibility doesn’t matter and that the dollar is going to be the end-all-be-all forever — and that’s just a crazy way of thinking,” Grantham told Bitcoin Magazine.
“One of the reasons [crypto] is becoming so popular is because of what we’re doing to the dollar,” he argued.
For this reason, Grantham felt it’s essential for voters to support candidates who don’t believe in regulating crypto out of existence, and to vote for politicians who support freedom as opposed to those who seek control.
“It’s a freedom and control issue,” said Grantham.
“[Some politicians want] control by keeping everybody married to one currency and not allowing anything else to break through, which crypto is doing. Competition is a good thing, especially when the person who controls the only thing is abusing it so badly,” he concluded.
Founders Aren’t Asking For Much
Next, a panel of crypto founders based in Arizona took the stage. The panel featured Thor Abassi, co-founder of DeFi protocol Zivoe; George Mekhail, VP of Operations for Bitcoin Magazine and co-organizer of the Arizona Bitcoin Network; and Shelton Beascochea, co-founder of DevilsDAO and Stand With Crypto Arizona Chapter President.
The industry leaders asked for little more than clear rules of the road from the US government, so that they could operate their businesses on-shore and compliantly. In an interview with Bitcoin Magazine, Abassi discussed the anxiety that crypto founders have faced due to unfair treatment by federal regulatory agencies under the Biden administration.
“One of the toughest things for our project is [knowing] how the industry can interact with banks,” Abassi told Bitcoin Magazine.
“We’ve all probably heard about Operation Chokepoint 2.0,” he added, referring to the government’s unconstitutional crackdown on the politically unfavorable, but not illegal crypto industry, which resulted in the debanking of many crypto companies.
“If we had regulation describing what crypto companies need to do in order to be banked, that would be hugely beneficial.”
Mekhail ended the spoken portion of the night’s programming on a high note, highlighting that the crypto industry has made notable progress, which will likely only gain steam moving forward.
“Think about where we were four years ago,” said Mekhail.
“We couldn’t have an event like this. The fact that 15% of Americans own some form of crypto is crazy, especially thinking about what it’s going to be four years from now,” he added.
“The momentum is behind us. It’s events like this and just showing up and demonstrating that we have a voice that is really important.”
The second date of the America Loves Crypto tour is scheduled for this evening, September 5, at The Space in Las Vegas, NV. You can RSVP to the event here.
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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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