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[The number of billionaires in the world with a net worth of over $100 billion has increased to 15] According to a report on the website of Fortune magazine on May 17, thanks to artificial intelligence, luxury goods and geopolitical changes, the worlds super-rich club now has 15 members (each with a wealth of over $100 billion), the largest number on record. The Bloomberg Billionaires Index shows that the total net worth of these people has increased by 13% this year to $2.2 trillion, an increase that exceeds inflation and the overall stock market. Together, they own nearly a quarter of the total wealth of the worlds 500 richest people.Governor of Kharkiv, Ukraine: Russias attack on the Kharkiv region on Sunday has killed 10 people.[Armed conflict hits domestic industrial system hard, Sudans trade deficit reaches 4.8 billion US dollars in the first quarter] According to Sudanese media reports on the 19th local time, Sudans Minister of Trade and Supply Yusuf said that Sudans trade deficit in the first quarter of this year reached 4.8 billion US dollars. Among them, the total export volume was 3.8 billion US dollars and the total import volume was 8.6 billion US dollars. It is understood that Sudans ongoing armed conflict has destroyed the countrys industrial system, and 85% of Sudans factories have been damaged. This has forced the Sudanese government to import large amounts of daily necessities such as sugar, tea, milk, and flour from overseas to meet domestic demand. Yusuf said that the influx of Sudan also includes uncontrolled imported goods, which has led the Sudanese Ministry of Trade and Supply to implement stricter import and export control measures.According to the Times of Israel: Azmi Abu Daqqa, a senior Hamas operative, was killed in an Israeli airstrike.[The Dow Jones Industrial Average closed above 40,000 points for the first time, and US stock analysts continue to be bullish] The US blue-chip stock index Dow Jones Industrial Average closed above 40,000 points for the first time in its 128-year history, a milestone reached as the bull market continues to advance. After the inflation report rekindled the markets hope that the Federal Reserve would cut interest rates, the stock market hit its longest weekly positive cycle since February this year. Strong corporate earnings also drove the stock market higher. "We maintain our bullish stance." Blue-chip stock analyst Larry Tentarelli said. He pointed out that "if this situation continues," it will lay the foundation for the Dow Jones Index to stand above 42,500 points by the end of this year. Mark Newton, an analyst at the US "Fund Strategy" global consulting firm, said: "The bullishness is correct, and the market consolidation will make the S&P 500 more attractive to further rise and stand above 5,400 points. It is a difficult choice for investors to choose to wait for the possible consolidation. But I think the facts will prove that any weakness is temporary."

3 Cryptos to Buy on the Dip, or You’ll be Kicking Yourself Later

Jimmy Khan

Sep 26, 2022 14:25

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The bitcoin market has a history of being unstable. Most of this volatility in recent years has been upward. As a consequence, ordinary investors have begun researching various cryptocurrencies to purchase while prices are low and reap large profits.

 

However, this mentality has undergone a significant change as a result of this year's weak market. Investors have mostly tried to reduce the risk in their portfolios by favoring safe haven assets over fast-growing ones. As a result, today's investors are trying to sell additional cryptocurrencies.

 

Naturally, macroeconomic reasons like increasing rates together with regulatory and geopolitical worries are detrimental. The demise of several crypto lenders, stablecoins, and other structural problems have, however, come to light from a sector-specific perspective.

Ethereum (ETH)

This year, Ethereum's (ETH-USD) surprising decrease and this token's volatility have both been significant. Since peaking at over $4,900 per token about a year ago, Ethereum's price has fallen as low as $900 lately. Long-term investors may, however, get enthused about this coin's possibilities now that ETH is selling at over $1,300 per token because to its enhanced risk-reward at current levels.

 

The latest "the Merge" update to Ethereum is one of the main causes for hope among long-term investors. With this update, the network's proof-of-stake Beacon chain was virtually wrapped into the mainnet, resulting in a far more energy-efficient network. For anyone worried about how this project would affect the environment, this is excellent news. Additionally, from a long-term viewpoint, this update is encouraging for potential future enhancements.

 

Additionally, Ethereum's creator Vitalik Buterin has repeatedly said that this Merge paves the way for a number of efficiency improvements that might enhance Ethereum's performance and cost profile. That's a major issue for those who have utilized this network. Indeed, the impending competition from other proof-of-stake networks is one of the major worries among many investors in ETH.

 

I believe Ethereum will probably keep its second-place position in the cryptocurrency rankings over time. Some people think it's also conceivable for Ethereum to "flippen," or take the lead. In any event, given its present values, Ethereum seems to be a far more reliable long-term investment.

Solana (SOL)

Similar to Ethereum, Solana (SOL-USD) was created specifically to serve as a foundation for decentralized finance. This network, which is well known for its speed and scalability, is one of Ethereum's key rivals.

 

Solana is notable for its ability to handle a lot of transactions quickly. Due to this speed advantage, the Solana network has attracted a lot of developer attention. Decentralized apps are attracting more developers, and Solana's ecosystem has grown significantly as a result.

 

According to current estimates, Solana has a market share of 1.1% in the NFT sector in particular. This is remarkable given that the network's market share in the beginning of 2021 was barely 0.01%. Long-term investors like to see growth that is exponential in nature.

 

Additionally, Solana saw phenomenal daily transaction increase during Q2. In comparison to Ethereum's 1 million daily transactions between April and June, the Solana network had around 40 million daily transactions. As a result, the Solana blockchain is often seen as more of a tool than an investment instrument.

Cardano (ADA)

Cardano (ADA-USD) is a proof-of-stake blockchain that is often seen as an opponent to Ethereum. One of the first projects that use a pure proof-of-stake approach is this one. As a result, the creators, users, and investors of this initiative are some of the most reliable in the industry.

 

Charles Hoskinson, the creator of Cardano, is one of the top thinkers in the cryptocurrency industry. Many people credit the core team of this blockchain with some of its greatest triumphs. Yes, I do believe that is a strong selling factor to take into account.

 

But there are a number of additional benefits to this network that should be taken into account. Vasil, a recent hard fork that significantly improved the network and is comparable to Ethereum's Merge, was only just put into use. The network will become more effective and scalable as a result of this improvement. Cardano thus has some momentum potential from here for people searching for another blockchain with excitement from an update.

 

Additionally, I believe that this coin would be a fascinating long-term investment. Like other tokens, it has taken a beating. But ADA is beginning to seem much more appealing from a risk-reward standpoint.

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