Wednesday, 10 March 2021

How To Sell Your Business



This method does bring dangers yet it's a good way to obtain a rapid sale and also create the affordable atmosphere we talked about earlier. If you can address these danger factors as well as take some of the risk far from the buyer, you will increase the market price of your business. Buyers are a lot more passionate about acquiring a business that is growing. A favorable growth fad will certainly enable a prospective buyer to believe they can make their money back in a much shorter period of time.
Peterson Acquisitions can guide you in deciding regarding just how vendor funding can benefit you. To quickly onward via the boring parts of this tale, I did ultimately market my digital firm to an international business.
Chad Peterson will certainly present the initiative and market your business with a can do perspective, which is why he most likely markets more business's than any various other private broker in Kansas City. I had an outstanding experience dealing with Chad and feel fortunate to have had him represent my company. Chad is a committed professional and also an useful resource to anybody that is looking to sell or purchase a business. He guided us detailed thru the process of offering our business.
We'll discuss which ones are probably to relocate swiftly and which buyers are more than likely to shut on the business. We'll do a lot of certifying of buyers, once we have a purchaser that is both qualified and also interested, we'll make an introduction to you. After that you can do your part to discuss the details of your business and also answer any type of inquiries that the buyer might have. We'll trainer you, to be truthful as well as open yet, at the same time, be hopeful and easy to deal with you. You can tell them everything about the terrific points that your business needs to provide.
After working so difficult and also spending your time, cash, power, and soul into your business, the goal is to receive as numerous offers as possible. In an excellent world, you can pick from a handful of purchasers and also pick the ideal person or firm to take control of the reins of your business. Will there be some added charges related to this approach? But a broker can aid you get the very best possible cost as well as offer your business faster than you can do on your own. So it remains in their benefit too to offer the firm for maximum value.
Now you have a more clear concept of what will be involved when exiting your company, you are in a better position to prepare for this certainty and also attain a sale for an optimum value. We have actually always located it interesting with clients that, in many scenarios, the final worth used was not the utmost decision driver to agreeing the sale of business. An effective limited auction needs a complete understanding of the vendor's goals and also experience in maintaining control throughout the process. That's why it's necessary to deal with a skilled M&A consultatory company at this stage of offering a firm, to make sure the process of sourcing a purchaser is expert and also efficient. A restricted auction provides the best of both globes in between a broad auction as well as target solicitation when it come to time, privacy and also expense. In this scenario, prior to offering the business, it is suggested you apply worth enhancement techniques to make best use of the capacity of your leave. There are several approaches that valuation firms, M&An experts and purchasers use to estimate the worth of a business prior to offering, all with different benefits and downsides.
So, even if your motivations aren't totally created permanently after business, don't let it bring your exit intending to a stop. In addition, you can take steps to guarantee your company is as 'purchaser all set' as possible before starting the sales process. By requiring time to analyze any type of risks that could hinder offering your company early, this will certainly lower the time needed to determine as well as address any type of issues at the value enhancement stage. You need to be aware of your annual financials, the setting of your business and whether the direction is positive.
Waiting as well long, or not intending ahead of time, can cause numerous entrepreneur to miss their home window of possibility. It takes approximately two to 4 years to market a local business. For that reason, long-term planning is vital to any successful business sale.
Value Improvement Right here, potential weak points, threats as well as locations of renovation are recognized within your company that restriction its value. In this manner they can be dealt with to boost the value of your business in the eyes of buyers prior to going to market. As previously discussed, one of the biggest difficulties to overcome when selling a business is staying emotionally tenacious throughout the procedure. Feelings are clearly going to obtain involved-- this is a change from the business you have actually nurtured, developed and also constructed to where it is today. The reality is to get ready for this trip to offering a business, you not only require to prepare your firm-- you also need to prepare on your own for a life-altering occasion. Chad has both extraordinary listening capacity towards his clients and has the ability to match purchasers with businesses that are well matched to their objectives and danger levels. He is straight-forward and also ruthless in helping his clients.
Right here, we give a thorough insight right into just how to sell a business as well as accomplish the ideal return on your financial investment. Discover what you need to find out about selling a business for the maximum value, from your individual and expert preparations to just how you value a business, discover optimal buyers as well as handle settlements. Chad Peterson is an exceptional business broker who absolutely understands the process of offering a business. I have actually currently offered 2 business's and also have talked with lots of business brokers over the last 18 years. Some business brokers merely want to take an extravagant charge upfront and afterwards you never hear from them once more.
Purchasers are mosting likely to want to know what the business's relationship is with their customers in the given market. Is your company satisfying the demands of its consumers? Is your company continually bring out brand-new product or services that attract clients and maintain them faithful to your business? If you can show buyers a business version which highlights these points, after that it will only aid you market the company faster. Lots of local business owner shorten the sale procedure by lowering their asking cost, however this isn't your only choice. If you're selling a business for the first time, you'll soon see some purchasers aren't customers at all.


Tyler Tysdal and Robert Hirsch the best process to offer your organization.

Freedom Factory
5500 Greenwood Plaza Blvd., Ste 230
Greenwood Village, CO 80111
Phone: 844-MAX-VALUE (844-629-8258) https://www.freedomfactory.com/

Freedom Factory Managing Partners Tyler Tysdal Tyler Tysdal, Managing Director

https://www.linkedin.com/in/tyler-tysdal

Robert Hirsch Entrepreneur, Investor, Speaker, Artist

See His Website

Recent News Foolish Human Tricks Explained by Freedom Factory's Robert Hirsch and Tyler Tysdal

Freedom Factory is among the extremely reliable brokerage firms in the nation. It is established by two of the skilled business owners-- Tyler Tysdal and Robert Hirsch. They assist business owners discover their way to success with the supreme goal of helping business owners sell their organization at an optimum value. Tyler Tysdal has an outstanding performance history of success and together with Robert Hirsch, they founded Freedom Factory, a learning place for all kinds of businesspeople. They help entrepreneurs discover how to strike an offer and get the optimum benefit out of it.

Before Tyler T. Tysdal end up being a part of Freedom Factory, he has handled equity funds and financial investment portfolios. He understood that lots of sellers are on the losing end of the deal-- not getting the list prices they deserved. Since then, he made it his goal to help fellow entrepreneurs understand how to break a deal. Together with Robert Hirsch, they framed many videos to assist business owners to discover how to get the optimum value of business.

Read more here: https://londondailypost.com/stupid-human-tricks-explained-by-freedom-factorys-robert-hirsch-and-tyler-tysdal/

Successful Entrepreneur, Tyler Tysdal, Shares Important Tips Related to Finance and Business

Tyler Tysdal, an effective investor and skilled entrepreneur, has actually shared important suggestions connected to handling financial resources in the business sector. He has actually overcome twenty years of experience in managing financial investment, financial resources, and other business-related topics. Tyler Tysdal in addition to his friend, Robert Hirsch, is helping the having a hard time entrepreneurs in managing their services successfully.

In his podcasts and videos, Tyler Tysdal also shares the importance of private equity and equity capital. In order to lay importance on investment in business sector, he explains that PR financial investment required the PE company to make company choices. He has also stated that for a brand-new service it is a great concept to turn to VC investment to get financial backing. Furthermore, Tyler also helps in selling a company to get the ideal worth and one can contact Tyler Tysdal to look for important info on this topic. Find out more here: https://tricitydaily.com/successful-entrepreneur-tyler-tysdal-shares-important-tips-related-to-finance-and-business/

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Tyler Tysdal Websites Online
https://www.instagram.com/tyler_tysdal/

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Friday, 26 February 2021

Increasing stock market volatility drags Bitcoin and altcoin prices lower

Increasing stock market volatility drags Bitcoin and altcoin prices lower

Increasing stock market volatility drags Bitcoin and altcoin prices lower

The cryptocurrency market faced another day of downward pressure as the unease in the traditional markets continues to spread following the recent interest rate spike on the 10-year U.S. Treasury bond. 

Data from Cointelegraph Markets and TradingView shows that the price of Bitcoin (BTC) fell to a low at $44,710 late on Feb. 25 before buying at the key support returned to help the digital asset recover back above $46,500 but generally, analysts are looking for $50,000 to become an established support before expecting bullish continuation.

Increasing stock market volatility drags Bitcoin and altcoin prices lower
BTC/USDT 4-hour chart. Source: TradingView

Despite major BTC purchases by MicroStrategy, Tesla and MassMutual, a majority of institutional investors still have security and tax treatment concerns that prevent them from investing in Bitcoin, according to Galaxy Digital co-president Damien Vanderwilt.

Institutional investment has been a significant source of optimism in the cryptocurrency sector in 2021, but its influence in helping BTC reach a market cap of $1 trillion may be overstated as recent analysis shows that stablecoin whales and retail traders still hold the most buying power.

Interest rate increase puts pressure on GBTC

On Feb. 25, the interest rate for the 10-year U.S. Treasury spiked to 1.52%, its highest level in over a year.

According to Chad Steinglass, Head of Trading at CrossTower, the move led to market-wide pressure that pushed the “GBTC premium down as low as negative 6% and it closed around negative 2% today.” The analyst sees interest rate volatility as a major source of market volatility, as the long end of the curve steepens while the U.S. dollar is pushed lower.

Increasing stock market volatility drags Bitcoin and altcoin prices lower
Daily cryptocurrency market performance. Source: Coin360

Cryptocurrencies fell under increased pressures as equity markets deteriorated throughout the day, possibly due to a “scramble for liquidity” resulting from traders “pushing up against margin calls and needing to free up cash.”

Steinglass said:

“I interpret the GBTC premium collapse as a sign that either retail is dumping to free liquidity, or large fund holders like ARKW are seeing outflows, which causes them to sell GBTC along with everything else.”

Traditional markets are still choppy

The 10-year Treasury yield pulled back .0582 basis points to 1.46 on Feb. 26, marking a 3.82% decrease from its high on the previous day. This leadi to a choppy day in the markets which saw the major indices close mixed.

The NASDAQ finished the day up 0.56%, recovering some of its losses from the 3.5% drop on Feb. 25. Meanwhile, the S&P 500 and DOW finished the day in the red, down 0.48% and 1.51% respectively.

A majority of the top cryptocurrencies also took on sharp losses on Friday, with the exception of Cardano (ADA), which became the third-ranked cryptocurrency by market cap after its price broke out to a new all-time high at $1.29. The current excitement for the altcoin appears to be connected to the upcoming ‘Mary’ mainnet launch scheduled for March 1.

Increasing stock market volatility drags Bitcoin and altcoin prices lower
ADA/USDT 4-hour chart. Source: TradingView

Basic Attention Token (BAT) has also battled back against the market sell-off to post a 6.43% gain following the Feb. 23 announcement of the upcoming Brave Decentralized Exchange (DEX).

Ether (ETH) price is down 7.19%  and trading below $1,500, while Binance Coin (BNB) has dropped 8.36% to $224.14

The overall cryptocurrency market cap now stands at $1.533 trillion and Bitcoin’s dominance rate is 61.3%.

Title: Increasing stock market volatility drags Bitcoin and altcoin prices lower
Sourced From: cointelegraph.com/news/increasing-stock-market-volatility-drags-bitcoin-and-altcoin-prices-lower
Published Date: Fri, 26 Feb 2021 23:02:39 +0000

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Increasing stock market volatility drags Bitcoin and altcoin prices lower

Bitcoin price ‘macro top’? Not so fast — data shows the real FOMO isn’t even here

Bitcoin price ‘macro top’? Not so fast — data shows the real FOMO isn’t even here

Bitcoin price 'macro top'? Not so fast — data shows the real FOMO isn't even here

Bitcoin (BTC) bears thinking that $58,000 was this cycle’s top will be sorely disappointed, fresh investment data from past bull markets shows.

Compiled by on-chain analytics resource Whalemap, statistics covering BTC buys of between $5 million and $7 million conclude that even at recent all-time highs, Bitcoin was far from a “macro top.”

“No FOMO in sight” for BTC

During the 2017 and shorter 2019 bull market, Bitcoin saw mass buy-ins of a similar size — $5-7 million. 

When investments of that amount hit a peak, price action began to reverse, signalling the start of consolidation or a heavier retracement. 

According to Whalemap, cash injections in that area have been far from their previous peaks this year, indicating that the current correction will likely be temporary and on par with BTC’s typical corrections during a bull run.

“Previous macro tops have occurred when thousands of transactions worth 5 to 7 million dollars each were flooding the blockchain. True FOMO,” researchers tweeted on Feb. 25.

“Currently, no such FOMO in sight for BTC.”
Bitcoin price 'macro top'? Not so fast — data shows the real FOMO isn't even here
Bitcoin $5-7 million transaction volume vs. BTC/USD chart. Source: Whalemap/ Twitter

The expectation of further buy-ins supports existing data that came to light this week, notably from Coinbase Pro, which has seen multiple tranches of over 10,000 BTC leave its books for private or custody wallets.

The first negative premium on the Grayscale Bitcoin Trust (GBTC) since early 2017 may also point to the conclusion that the 2021 bull cycle still has a lot more room to run.

“Another significant Coinbase outflows at 48k. US institutional investors are still buying $BTC,” Ki Young Ju, CEO of fellow monitoring resource CryptoQuant, tweeted on Friday.

“I think the major reason for this drop is the jittering macro environment like the 10-year Treasury note, not whale deposits, miner selling, and lack of institutional demand.”

Liquidity grab?

The start of the turnaround maybe sooner than many think. In his latest analysis, pseudonymous cryptocurrency trader Rekt Capital eyed the 4-hour BTC/USD chart for proof of a turnaround.

“Pulls back but still holds the wick-to-wick Higher Low. Turn $46720 in to support (black) and BTC will move higher. Strong bullish divergences on the 4HR are appearing as well,” he commented alongside an annotated screenshot of the chart.

Bitcoin price 'macro top'? Not so fast — data shows the real FOMO isn't even here
BTC/USD 4-hour candle chart. Source: Rekt Capital/ Twitter

Speaking to Cointelegraph, the Whalemap team noted that short-term the spent output profit ratio (SOPR) — which tracks overall market profit and loss — was indicating that a deeper sell-off is off the cards, at least for now.

“Hourly SOPR shows potential for at least a short term bounce,” they said.

Bitcoin price 'macro top'? Not so fast — data shows the real FOMO isn't even here
BTC/USD SOPR chart. Source: Whalemap

Friday further sees a major expiry event on Bitcoin options, something which has dictated temporary downward pressure on BTC in the past. 

The day’s low of $44,150, some say, was merely an attempt to suck up liquidity before the next leg higher.

“Yes, market dumped after ‘mega-whales’ sold into the rally (as warned), but since then, they have been buying dips!” the creator of exchange orderbook data analysis service Material Indicators observed.

“With stonks uncertainty, I don’t know how many more dips there will be, but they’re being bought!”

That “uncertainty” is being exacerbated by concerning trends in bond yields, Cointelegraph reported this week, with behavior seen as similar to before the Global Financial Crisis of 2008.

Title: Bitcoin price ‘macro top’? Not so fast — data shows the real FOMO isn’t even here
Sourced From: cointelegraph.com/news/bitcoin-price-macro-top-not-so-fast-data-shows-the-real-fomo-isn-t-even-here
Published Date: Fri, 26 Feb 2021 12:04:10 +0000

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Bitcoin price ‘macro top’? Not so fast — data shows the real FOMO isn’t even here

Why is Bitcoin $86K in Nigeria? Here’s why the BTC premium is huge in some countries

Why is Bitcoin $86K in Nigeria? Here’s why the BTC premium is huge in some countries

Why is Bitcoin $86K in Nigeria? Here's why the BTC premium is huge in some countries

Since the start of 2021, Bitcoin (BTC) price has been chasing new highs on a weekly and daily basis. On Feb. 21, BTC reached a new all-time high at $58,300. However, an interesting phenomenon is that even with many global cryptocurrency exchanges in existence, BTC’s price can still vary greatly depending on geography.

This raises an intriguing question. How can Bitcoin price simultaneously trade at $53,047 in Malaysia, $49,727 in Singapore, $51,133 in India, and over $86,000 in Nigeria? Is the reason simply a temporary imbalance between buyers and sellers, taxes, regulations? Or is there something else at play?

As shown in the chart below, there really isn’t a set price for BTC as nearly every country has its own digital asset valuation.

Why is Bitcoin $86K in Nigeria? Here's why the BTC premium is huge in some countries
Bitcoin price premiums. Source: bitcoinpricemap.com

At any given time, cryptocurrency prices will differ between countries, even after adjusting the currency rate. Indeed, some additional buying or selling pressure could create discrepancies, but that should not be continuous and steady.

What’s causing the huge BTC price discrepancies?

This phenomenon isn’t something new or exclusive to cryptocurrencies, however. Exxon Mobil stocks, for example, are traded in the United States, Russia, Argentina, Germany, Mexico, and Switzerland markets.

While there may be different reasons for the friction including bureaucracy and nation-specific laws, they’re basically the same asset. Nevertheless, their prices usually differ after adjusting for currency exchange rates.

Unlike stocks, however, transferring cryptocurrencies usually takes less than an hour, and it doesn’t depend on custodians and depositary receipt administrators. Therefore, bureaucracy can not be the reason for the big price differences for Bitcoin, which is borderless.

On the other hand, suppose one just bought BTC in the U.S. or Europe and is willing to sell it in Argentina to profit from the 6.5% difference. Even if there were no trading fees involved, the result would be the local currency, Argentine Pesos ARS.

Things get more complicated though, as one will need to convert this fiat money back to USD or EUR. There might be domestic restrictions, taxes, or even worse, a different currency rate for foreigners. Moreover, traditional currency remittances don’t take place on weekends and usually take one or two business days.

Why is Bitcoin $86K in Nigeria? Here's why the BTC premium is huge in some countries
2020 index of economic freedom. Source: heritage.org

Not surprisingly, the countries with the highest BTC valuations consistently score low on investment and financial freedom global rankings. Barriers and taxes created by strict government controls translate into additional risks and costs for the fiat conversion and remittance. This all contributes to the premium seen versus the remaining countries.

Government action might create extreme situations

Extreme capital control situations such as the Nigeria Central Bank recently shutting down all cryptocurrency-related bank accounts could be behind the current 70% premium versus global BTC markets. But Nigeria likely has the highest premium in the world because this country, in particular, is also the leader when it comes to Bitcoin adoption, based on the latest data. 

#Bitcoin Price is now $80,000 in Nigeria – a 60% premium.

That’s what happens when you try to ban something people want.

— Bitcoin Archive (@BTC_Archive) February 18, 2021

Eventually, arbitrage traders will find a solution to bypass sanctions, and the price gap should tighten. But right now, there is no effective way to “profit” from the arbitrage.

For those wondering what would cause Bitcoin to trade below most liquid markets such as the U.S., there is no definitive answer. It is most likely some regulatory hurdle for depositing fiat money on local exchanges, thus creating an imbalance favoring the sell-side.

The negative premium is less common, however, and stablecoins could be used to mitigate this effect. Meanwhile, when a hefty premium is seen in local fiat currency, it does not justify a similar price gap for dollar-denominated stablecoin trading.

Thus, such differences in pricing across various countries represent the risks, red tape, taxes, and inefficiencies of converting fiat between currencies and sending fiat money across borders.

author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.

Title: Why is Bitcoin $86K in Nigeria? Here’s why the BTC premium is huge in some countries
Sourced From: cointelegraph.com/news/why-is-bitcoin-86k-in-nigeria-here-s-why-the-btc-premium-is-huge-in-some-countries
Published Date: Fri, 26 Feb 2021 13:30:00 +0000

2021's Most Anticipated Growth & Wealth-Building Opportunity

Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together


Why is Bitcoin $86K in Nigeria? Here’s why the BTC premium is huge in some countries

Bitcoin price nears $44K as large Coinbase outflows fail to stop the sell-off

Bitcoin price nears $44K as large Coinbase outflows fail to stop the sell-off

Bitcoin price nears $44K as large Coinbase outflows fail to stop the sell-off

Bitcoin (BTC) hit fresh local lows on Feb. 26 despite what appear to be ongoing largescal institutional buy-ins.

New lows despite bullish signs

Data from Cointelegraph Markets and TradingView showed BTC/USD $44,150 during Friday trading — last seen two weeks ago — after a rebound to $50,000 fizzled overnight.

Bitcoin had seen good news in the form of asset manager Stone Ridge planning to become the first Bitcoin mutual fund, along with major corporate purchases from MicroStrategy and Square. These, however, failed to stem the bearish mood, with 24-hour losses standing at near 10% at the time of writing.

“Everyone wants 42k, so we probably just go up now or drop to 38k on a savage wick. Crowd rarely gets what it wants,” popular trader Scott Melker summarized on Twitter.

Cointelegraph Markets analyst Michaƫl van de Poppe had prevously forecast ultimate support lying at around $38,000 should Bitcoin not find buying volume at higher levels.

“Bitcoin doesn’t look too great for a bull continuation coming period,” he said on Thursday.

“Still, retest at $54,000-55,000 could happen, but I’m cautious when we get there. If we lose $47,000, then I’m looking at $42,000-44,000 and $37,000-38,500 next. That should be the low.”
Bitcoin price nears $44K as large Coinbase outflows fail to stop the sell-off
BTC/USD 1-hour candle chart. Source: Tradingview

Institutions are still buying: data

Data from the professional trading arm of U.S. exchange Coinbase meanwhile showed another major tranch of BTC leaving its books for a private or custody wallet — something which traditionally suggests institutional buying.

The latest spike of 12,100 BTC is the second this week, such large volumes themselves being a rarity, a fresh chart from on-chain monitoring resource CryptoQuant confirms.

Bitcoin price nears $44K as large Coinbase outflows fail to stop the sell-off
Coinbase Pro outflow annotated chart. Source: Lex Moskovski/ CryptoQuant

The so-called “Coinbase premium,” the difference in price between Coinbase and Binance, flipped to negative for several brief moments as Bitcoin dropped to nearly $44,200. 

Bitcoin price nears $44K as large Coinbase outflows fail to stop the sell-off
Coinbase premium vs. BTC/USD chart. Source: CryptoQuant/ Tradingview

As Cointelegraph reported citing CryptoQuant, whales appear to favor buying at current price levels, with the result that a dip much below $44,000 would be “unlikely,” according to CEO Ki Young Ju.

On Thursday, Ki described the last Coinbase Pro spike, which occurred at $48,000, as “the strongest bullish signal” he had yet seen in Bitcoin.

Title: Bitcoin price nears $44K as large Coinbase outflows fail to stop the sell-off
Sourced From: cointelegraph.com/news/bitcoin-price-nears-44k-as-large-coinbase-outflows-fail-to-stop-the-sell-off
Published Date: Fri, 26 Feb 2021 08:54:16 +0000

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Bitcoin price nears $44K as large Coinbase outflows fail to stop the sell-off

Thursday, 25 February 2021

6M noobs have bought coins on Robinhood Crypto already in 2021

6M noobs have bought coins on Robinhood Crypto already in 2021

6M noobs have bought coins on Robinhood Crypto already in 2021

Retail-focused trading app Robinhood has revealed the number of new monthly customers buying from its crypto platform this year is 15 times the 2020 average.

According to the company’s new report, “Crypto Goes Mainstream,”more than three million new users purchased from Robinhood Crypto in January, with more than 2.9 million new users having bought crypto during February so far. As such, Robinhood Crypto’s user base has expanded by 6 million in 2021 so far.

By contrast, the platform revealed the largest number of new users transacting on Robinhood Crypto last year was 401,000 in July — when trade activity surged in the lead-up to Bitcoin’s third block reward halving.

The average number of monthly new crypto traders on Robinhood was roughly 200,000 last year. The report also notes an average transaction size of roughly $500 on the platform, an 100% increase when compared to the first three quarters of 2020. The report concluded:

“The numbers are clear: 2021 has started with a crypto bang.”

Robinhood is looking to further expand its crypto services, revealing plans to offer deposits and withdrawals for crypto assets in a Tweet last week.

This year has been an explosive one for Robinhood, with the platform finding itself at the center of controversy after suspending trade in both Dogecoin and stocks that were being pumped by the now infamous Reddit group, r/WallStreetBets, during January.

Last week’s congressional hearings on the incident saw representatives of the U.S. House Financial Services Committee scrutinize Robinhood’s business model — with the platform’s move to suspend trading in GME shares apparently prompted by the platform falling short of its collateral requirements by $3 billion amid the orchestrated pump.

However, Robinhood CEO Vlad Tenev has blamed its collateralization issues with U.S. Securities and Exchange Commission regulations mandating a two-day settlement period after trades are executed.

Title: 6M noobs have bought coins on Robinhood Crypto already in 2021
Sourced From: cointelegraph.com/news/6m-noobs-have-bought-coins-on-robinhood-crypto-already-in-2021
Published Date: Fri, 26 Feb 2021 02:26:49 +0000

2021's Most Anticipated Growth & Wealth-Building Opportunity

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6M noobs have bought coins on Robinhood Crypto already in 2021

Exchange listings and NFT boom back Enjin’s (ENJ) 52% rally to a new high

Exchange listings and NFT boom back Enjin’s (ENJ) 52% rally to a new high

Exchange listings and NFT boom back Enjin’s (ENJ) 52% rally to a new high

Nonfungible tokens (NFTs) are rapidly becoming a focal point of the cryptocurrency market, as evidenced by stories of millions of dollars being raised in minutes for one-of-a-kind tokenized art pieces and rare collectibles that traders rush to get their hands on. 

One project that has been benefiting greatly from the resurgence of NFTs is Enjin Coin (ENJ), which broke out to a new all-time high of $0.67 on Feb. 25 following its listing on the Crypto.com exchange as well as the launch of spot and perpetual futures trading on FTX.

Data from Cointelegraph Markets and TradingView shows that ENJ rose 52% from a low of $0.438 on Feb. 24 to a new high of $0.67 before experiencing a pullback to its current price of $0.611.

Exchange listings and NFT boom back Enjin’s (ENJ) 52% rally to a new high
ENJ/USDT 4-hour chart. Source: TradingView

A scroll through the project’s Twitter feed details numerous recent partnerships and integrations that have helped fuel Enjin Coin’s price rise.

Minecraft is one of the most notable integrations for the Enjin ecosystem, and users are able to earn special NFTs that unlock secret games inside the video game series.

The platform has also benefited from joining forces with the growing ecosystem of the Binance Smart Chain (BSC), which has launched an NFT educational campaign that Enjin will be part of.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for ENJ on Feb. 24, several hours before today’s price rise.

The VORTECS™ score, exclusive to Cointelegraph, is an algorithmic comparison of the historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.

Exchange listings and NFT boom back Enjin’s (ENJ) 52% rally to a new high
VORTECS™ Score (green) vs. ENJ price. Source: Cointelegraph Markets Pro

As seen on the chart above, the VORTECS™ score for ENJ reached a high of 70 on Feb. 24, shortly before the price began to spike to a new all-time high on Feb. 25.

The growing popularity of the NFT space, along with numerous big-name partnerships has Enjin well-positioned as the current bull market cycle progresses into 2021.

Its recent integration with BSC provides a way to escape high fees on the Ethereum network and could bring a new wave of activity to the Enjin ecosystem.

Title: Exchange listings and NFT boom back Enjin’s (ENJ) 52% rally to a new high
Sourced From: cointelegraph.com/news/exchange-listings-and-nft-boom-back-enjin-s-enj-52-rally-to-a-new-high
Published Date: Thu, 25 Feb 2021 21:00:00 +0000

2021's Most Anticipated Growth & Wealth-Building Opportunity

Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together


Exchange listings and NFT boom back Enjin’s (ENJ) 52% rally to a new high

How To Sell Your Business

This method does bring dangers yet it's a good way to obtain a rapid sale and also create the affordable atmosphere we talked about earl...