Steemit Crypto Academy Contest / S14W6 - Future of cryptocurrencies.
Hello everyone!
I was quite inactive in Steemit Crypto Academy from some days as I was very busy in my personal life but I always had an eye on the contests of this academy and When I checked this week's contests, It was very interesting and I decided to post an entry this week.
Which cryptocurrencies under $ 1 can have the best performance in 2024? Choose a cryptocurrency by its fundamental analysis. Would you recommend buying this cryptocurrency?
There are many crypto currencies in the market under $1 and I am going to discuss about Woo cryptocurrency which is currently trading at around $0.42.
It is a very strong project and let me tell you about Woo Network. This network basically provides services of Centralized And Decentralized finance to Cryptocurrency users which helps users in getting liquidity in various market conditions.
Users who stake Woo currency can get many benefits and If they use Woo as gas fees then It helps then in paying less gas fees.
Woo Network is also partnering up with many brands and networks and It shows that It's Founder are taking many steps to take this token to new heights in this year.
It is listed in almost every exchange including Binance and Let me discuss some of the fundamental details of this Woo Cryptocurrency.
From the above image, You can see that It has currently a market cap of around $ 750M and It is currently ranked #84 in the Coinmarketcap and I beleive It will come in Top 50 this year and It will teach $1B marketcap this year.
Honestly, I am very bullish on this Cryptocurrency and I strongly believe It can break $1 mark in 2024 as this project is fundamentally strong and It has many good usecases which makes this project reliable.
Yes, I would recommend everyone to buy this Cryptocurrency as It is strong project and will break $1 in this year but I would suggest everyone to buy this currency at particular price ranges and strong support levels.
Provide the step-by-step to buy the selected cryptocurrency. Show screenshots.
As I have already said above that Woo cryptocurrency is listed in almost every exchange and I will be telling about how to buy Woo on Binance Exchange.
First of all, Go to Binance Exchange and You will be in the homepage of this exchange and In the bottom, You can see the trade symbol. So, Click on the trade symbol.
After clicking on Trade, Trading page will open and then Click on the pair in the above left corner and then, You can select any pair which you want to buy on Binance. So, Type Woo on the Search Bar and click on the Woo/Usdt if you have usdt in your exchange.
After that, You can enter the amount which you want to buy and Enter the price at which you want to place the order. Check the below image for reference.
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When Your order is filled, You can check it on the Order History and You can see every detail in order history which includes total amount, total fees and many more as in the below image.
What is the future of STEEM in 2024? Give your own opinion, you can project the price of STEEM, making your own analysis.
Steem is native currency of Steemit blockchain and this currency is moving in range of $0.21 to $ 0.33 from past few months and I will discuss about the future of this Cryptocurrency in 2024.
As We all know that Bitcoin halving is expected to happen in April 2024 and We all are expecting a bull run this year and In a bull run, Altcoins perform really well.
Steem is currently trading at $0.238 and It's current market cap is $107M and It's rank according to Coinmarketcap is #337. You can check more info about Steem Cryptocurrency in the below image taken from Coinmarketcap.
Steem has a major resistance at $0.33 and If it manages to break this resistance, then I believe It can reach $0.4 level soon and I am expecting $0.4 in the upcoming months.
And If bull run started this year, then We can expect that Steem currency can break 0.6$ level soon and It's price will boom in the bull run and It's market cap will also increase.
Is the future of cryptocurrencies promising? Explain. Show data on the adoption of cryptocurrencies in the world. Give your own opinion.
Yes, I strongly believe that the future of Cryptocurrencies is promising as There is increasing number of crypto users every year and Many countries has started adopting cryptocurrencies with some regulations.
There is huge volume in crypto markets which shows that the number of crypto users is very high and users are actively trading in crypto markets which makes crypto market one of the largest market.
The adoption of Cryptocurrencies is increasing every year and It is believed that there is around 420 million active users engaged in Cryptocurrency markets.
It is gaining attention of users worldwide because Cryptocurrency has made the transaction easier than ever. Now, We can make transactions all over the world by paying very less fees and this transactions takes place in very less time which is really good for users.
Many countries like El Salvador has accepted Cryptocurrency as a legal tender and Many countries are adopting crypto with some regulations.
According to report of Chainalysis, There is Top 10 Global Crypto Adoption Index and India tops this list.
| Rank | Country |
|---|---|
| 1 | India |
| 2 | Nigeria |
| 3 | Vietnam |
| 4 | United States |
| 5 | Ukraine |
| 6 | Philippines |
| 7 | Indonesia |
| 8 | Pakistan |
| 9 | Brazil |
| 10 | Thailand |
I believe that Crypto users will keep increasing every year and It can reach upto 500 million users in 2024 after this Bitcoin Halving and Future of Cryptocurrencies can be promising as It makes transactions easier and Many users are gaining knowledge about Cryptocurrencies and blockchain in the coming time which will attract more and more users.
Conclusion
It was an interesting contest for this week and I have discussed about Woo cryptocurrency as It is currently below $1 and I am very bullish on this currency and I think It will perform very good in the future. I have discussed about Steem price prediction and the future of Cryptocurrencies.
I would like to invite @casv, @malikusman and @sahar78 to participate in this contest.
Thank You!
Its great to see you back in action on the Steemit Crypto Academy! Your analysis of Woo cryptocurrency is incredibly detailed and informative. The step-by-step guide for buying Woo on Binance is a fantastic addition especially for those new to the crypto space. Your optimism about Woo breaking the $1 mark in 2024 is contagious backed by strong fundamentals and strategic partnerships.
The insights into Steem future and potential price movements are well-reasoned particularly considering the upcoming Bitcoin halving. Your comprehensive overview of global cryptocurrency adoption with data on the top countries embracing crypto adds a valuable perspective.
Thanks for your valuable comment.
TEAM 5
Congratulations! Your comment has been upvoted through steemcurator08.Greetings friend,
It's awesome to hear that you had an interesting contest this week. I'm really intrigued by your discussion about Woo cryptocurrency. It's exciting that it's currently valued below $1, and I can understand why you're feeling bullish about it. With the potential for strong performance in the future, Woo cryptocurrency seems like a promising investment and your Steem price prediction and the future of cryptocurrencies it's definitely an explanation I love. The crypto world is always evolving, and it's fascinating to explore the possibilities. Keep up the great work, my friend, wishing you all the best.
Yes, Woo Cryptocurrency seems like a very good investment and I am very bullish on this project. Thanks for your valuable comment.
Hey there, @sachin08! Your Woo cryptocurrency analysis is impressive, feels like you've found a hidden gem! Your Steem predictions are on point, and your crypto enthusiasm is contagious. All the best in the contest, success for you! 👍
Upvoted. Thank You for sending some of your rewards to @null. It will make Steem stronger.
Woo cryptocurrency which is now at $0.42 but in 2024 are considered it a very stronger project that it would cross $1 and if not it would cross $1 then shoully it would be around $1 that's why everyone should buy it it's your personal recommendation but before investing in it we should make our informed decisions after our personal research because you are also hopeful about more and more and adoption of cryptocurrencies in the future in all over the world because now people are attracting in the Crypto world because of a lot of benefits that people can understand now gradually I wish you good luck in this engagement challenge in which you put your maximum efforts
TEAM 5
Congratulations! Your comment has been upvoted through steemcurator08.Yeah friend you are really good at this prediction stuff and I really appreciate you sharing such valuable and financial advice on steemit to help steemians easily participate in the upcoming bullish trend, please keep the good work on by sharing such quality articles on steemit.
Thank you very much for sharing, please you can check my own entry here
wishing you success
You must doing trading that's the reason you have such detailed posting and that's the reason of your comprehensive post and it's I think your dedication to your work which even makes things easier for us