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Reviewing ARK Coin – Is It The Solution To Your Bitcoin Headache?

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Cryptocurrency’s rise has literally posed a challenge to traditional banking systems. This is probably the reason why this entered business so fast.

Presently, more than 9.5 million people in the UK and more than 17 million people in the USA are trading on Cryptocurrencies.

However, maybe due to the volatility and other issues, Cryptocurrencies like Bitcoin are still questionable.

The advent of ARK coins has been observed as a landmark development so far as business development is concerned.

In this study, we would like to review the ARK count to see its potential to start as a successful solution for business.

Ark Coins

The ARK coins came in the year 2016. This is an all-inclusive Blockchain-based technology that provides flexibility for investment.

The main thing that distinguishes itself from the rest is the platform allows the investor to design and develop its own blockchain in a decentralised way.

There is an element of flexibility that you get with this blockchain. In addition, this blockchain offers investors seamless user navigation. Therefore things look quite promising for the ARK coins.

Navigation has always been an issue with other Bitcoin and other Cryptocurrencies. However, with ARK coins, the investors can create their own blockchain that eases the navigability to many folds.

Price History Of The Ark Coins

The coin came into existence in the year 2017. The initial response wasn’t that high. The then price of the ARK was a modest $0.03. But by the year 2018, its value was $10.91.

This turned out to be a great development. But for reasons, the ARK coins could not really carry forward with the growth and consequently plummeted. Thereafter it went through different crests and troughs.

According to the March 2022 recording, the coin stood at $1.67. Seeing the continuity, it can be said that there is some opportunity with the coin.

When most of the coins were literally on the verge of failure, AKD coins showed some considerable promise. This promise can be a good reason investors can bank on the coins in the future.

Price Forecasts

So far as the price forecast is concerned, the ARK coins, as mentioned here, hold some promise for the coin. When other coins faltered, this one did pretty well. The developer of the network is working on the enhancement.

This has indeed provided the investor with the hope that the coin will have a good future in the coming days. Hence the ark price prediction turns out to be easy due to the stability of the coin price.

Technical Analysis

The success of a Cryptocurrency depends on the predictability of value. We all know that Cryptocurrency is highly volatile.

Let us give an example. An individual purchased Bitcoin to a significant value. But the value dropped to around 80% of the initial price.

This is the kind of volatility. Now with this kind of volatility, it becomes almost important for the business community, mainly entrepreneurs, to invest in Bitcoin.

So far as ARK coins are concerned, the coin has remained more or less stable, and the price has remained predictable throughout.

For example, the market value of the coins was recorded to be around $0.470986 as of the month of July 2022. Therefore, you can trade on 138,684,917 ARK.

The value of the coins remained somewhat stable. Now, with this stability, the business community is showing faith in this Cryptocurrency.

Fundamental Analysis

The ARK coins undoubtedly are powered with high-end technology that has supported the coin’s good performance in the reign of volatility.

Furthermore, the coin is built with a consensus algorithm and has its own advantages.

Due to this, the Cryptocurrency investor can use the coin. They got the flexibility they have not been getting with Bitcoin. It is a fact that the makers of ARK coins have definitely kept the weakness of Bitcoins in mind while developing these coins.

Is It A Solution To Bitcoin’s Weakness?

It cannot be denied that Bitcoin remains the greatest Cryptocurrency to date, and it is still doing good.

Buy Bitcoins struggled with the chronic issue of volatility and other technical glitches. But ARK’s stability somehow shows light of hope for the new investors. So definitely, there is hope.

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Finance

US Anti-Inflation Law threatens Europe

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Europe and the US are heading towards a serious trade and economic conflict, writes “Berliner Morgenpost”.

In the European Union hopes are fading that the US government will significantly amend the controversial subsidies law by providing billions in bailouts to US manufacturers. This forces the EU to protect domestic companies from threatening competitive advantages over US competition and to prevent investment from moving to America.

Fear of the “de-industrialization” of Europe is spreading. For example, buyers of a “Made in USA” electric vehicle with a battery also made in the USA receive a $7,500 subsidy. Subsidies also go to companies that make wind turbines or solar panels from American steel. Europeans are worried that not only will they have to contend with heavily subsidized US competition in future strategic sectors, but industrial cooperation with US companies could also be threatened.

The head of the trade committee in the European Parliament, Bernd Lange, told: “I assume that a few small changes to implement the IRA can still be agreed upon in the negotiations. But I do not think that anything will change significantly, because the Law has already been passed.”

The US IRA law goes into effect on January 1. By that time, the EU countries should have found a common line. France is already openly threatening a trade war and agitating for a tough counterattack: the EU should take a protectionist course and respond with the Buy European initiative. But there are also concerns in Berlin.

An EU trade expert argues that lower energy prices for industry should be considered, as they are currently ten times higher than in the US. European Commission economic policy spokesman Markus Ferber is also calling for a hard line: If the US side doesn’t give in now, the EU commission should “put all instruments of torture on the table” and consider boosting trade. Disappointment with the protectionist course of US President Joe Biden is great, Ferber says: “The American anti-inflationary law threatens Europe, and can make its economic situation much worse.”

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Macron vs U.S. Inflation Reduction Act

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Emmanuel Macron warned that the U.S. risked “fragmenting the West” with a flagship climate law that the French president said would distort competition by massively subsidizing American companies to the detriment of European industries, informs “The Financial Times”. The harsh words, which came on the first day of his state visit to Washington hosted by president Joe Biden.

In a speech at the French embassy in Washington, Macron said while he agreed with the objectives of Biden’s Inflation Reduction Act, it would have negative repercussions for Europe by making it less attractive for companies to invest there. “We need to co-ordinate and re-synchronize our policy agendas.”

Macron called the new U.S. Inflation Reduction Act (IRA) “super aggressive for our companies,” according to comments reported by Agence France-Presse and confirmed by a person present. “Perhaps this law will solve your problems but it will make mine worse,” he said, adding that many jobs would be destroyed.

Macron has also called on the EU to pass a so-called “Buy European Act” that would offer similar subsidies to local industries. Other countries such as Germany are less supportive of the idea.

U.S. President Joe Biden was forced to retract. He said that new laws that give incentives for domestic production of computer chips and renewable energy parts were never intended to exclude European allies and could be tweaked.

Speaking with French President Emmanuel Macron at a joint press conference at the White House, Biden said “There are tweaks that we can make that can fundamentally make it easier for European countries to participate and/or be on their own.”

The United States and France also announced the formation of ‘Joint task force’ between the Unites States and the European Union to deal with trade disputes around clean energy issues emerging from the IRA.

Europe’s industry fears that the bill, which gives tax credit for each eligible renewable energy component produced in a U.S. factory, would take away potential investment from the continent.

Biden said he makes no apologies for promoting American manufacturing of essential goods, but said large legislation often requires tweaks to deal with unintended consequences.

“We’re going to continue to create manufacturing jobs in America but not at the expense of Europe,” Biden said.

Macron told reporters that he was encouraged by his talks with Biden and is hopeful of a fair resolution.

…We’ll see whether Biden keeps his word or not.

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FOCUS: The German economy is in a dangerous pliers

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The politicization of trade relations is proceeding rapidly. German Economics Minister Robert Habeck said: “The phase where many thought markets should rule and politicians should stay out is definitely over. Previously, this idea was wrong,” –  quotes FOCUS.

The German economy is in a dangerous pliers. The craziness is that it is not the Russians or the Chinese who move with both hands in the tongs, but the Americans, who are clearly determined to organize their future prosperity at the expense of the Chinese and Europeans.

Pliers consist of two very different legs:

– On the one hand, the US Inflation Reduction Act (IRA) is primarily aimed at reducing US inflation. In fact, this is a gigantic program to subsidize new technologies. The legislative package plans to spend $369 billion over the next decade on energy security and climate change programs, putting pressure on European industry. The US wants to reinforce its industrial base again.

In some cases, subsidies offered by the US government are four to ten times the maximum government support allowed by the European Commission, French Finance Minister Bruno Le Mer said.

– On the other hand, US government sanctions against China’s semiconductor industry are putting pressure on China, and German industry is also suffering from restrictions. Chinese manufacturers make up one-fifth of the global semiconductor industry, and their European customers and suppliers are required to follow US policy.

Dutch company ASML was under pressure from US officials to stop selling individual chip-making machines to China, Bloomberg reported.

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