Labuan, Malaysia, 31st May 2024, ZEX PR WIRE, Tradematics announced a launch of a new feature for its global trading community. Based on AI, virtual traders has commissioned its daily trading activity via platform of Tradematics. Various trading and investing strategies are introduced by, among others, TraderAndy, TraderEma or TraderBob. Clients can choose automatic copying based on the strategy, portfolio and results of the best AI traders, whose average monthly return will be evaluated biweekly.
“Hi, I am Andy.” These were the opening words by Andy, a virtual analyst accompanying clients of Tradematics, when the broker was announcing its market entry in 2022. Andy has been collecting and processing data from tools such as Autochartist, Trading Central, Financial statements, Analyst’s rating, Sentiment of traders from Tradematics’ Mobile App and many others to the benefit of clients. Today, Andy and his other AI colleagues, are ready for substantial upgrade: “Now the clients can find traders based on artificial intelligence whose strategies align with their goals. They can review the performance history and risk levels. Once they select their trader to follow they can start copying his/her trades automatically.”
Tradematics, which is the world’s 1st broker powered by AI, offers more than 1 500 trading instruments such as forex, stock indices, equities and commodities. Tradematics is a registered brand name of Golden Brokers Ltd., which is Labuan-based company that provides trading in Contracts for Difference (“CFDs”) across major products such as forex, commodities, indices and shares to individual as well as professional traders. https://tradematics.com/en
Contact Andy from Artificial Intelligence Department for more information:
In response to the increasing demand for specialized welding services across the country, Trailer App is thrilled to announce the launch of its newest feature aimed at connecting individuals with professional trailer welders in their local area. This initiative is designed to streamline the process of finding qualified welding professionals, ensuring that high-quality and reliable services are just a few clicks away.
Alton Shelton, the founder of Trailer App, emphasized the value of this new offering, stating, “Finding a skilled trailer welder near you should not be a challenge. Our platform is dedicated to making it as easy as possible for trailer owners to connect with top-notch welding professionals within their vicinity. This ensures not only the longevity and safety of their trailers but also their peace of mind.”
The Trailer App’s latest feature uses advanced location-based technology to provide users with a comprehensive list of trailer welders near their specified area. This tool is particularly designed to save time and reduce the hassle often associated with searching for specialized services like trailer welding. Whether for routine maintenance or emergency repairs, users can now access a reliable network of welders who are experts in dealing with trailers.
The introduction of this feature comes at a crucial time when the need for specialized trailer maintenance services is on the rise. The robust database of Trailer App not only includes general welders but specifically targets those who specialize in trailers. This distinction is critical as trailers require specific knowledge and expertise to ensure that the welding work adheres to safety standards and prolongs the trailer’s usability.
Alton Shelton further commented, “Our goal at Trailer App is to provide a comprehensive solution that caters to all aspects of trailer maintenance and repair. The launch of our trailer welder locator is a testament to our commitment to service excellence and customer satisfaction. We understand the importance of having a reliable and sturdy trailer, which is why we ensure that our users have access to the best welders in the business.”
To use the service, trailer owners simply need to visit https://trailerapp.com and navigate to the ‘trailer welder near me’ feature. The system will automatically provide a list of available welders based on the user’s location, along with details such as ratings, reviews, and contact information. This allows users to make informed decisions quickly and easily.
This new feature is part of Trailer App’s ongoing efforts to enhance its platform and offer more value to its users. By continuously expanding its services and leveraging technology to meet the needs of trailer owners, Trailer App remains at the forefront of the trailer service industry.
About Trailer App
Trailer App is a leading provider of trailer-related services and solutions, offering users access to a wide range of maintenance, repair, and upgrade options. Founded by industry expert Alton Shelton, the company is committed to improving the trailer ownership experience by providing easy access to essential services and high-quality workmanship. For more information and to explore the extensive services offered, visit https://trailerapp.com.
Media Contact
Name Trailer App Contact name Alton Shelton Contact phone (832) 763-2105 Contact address 12320 Barker Cypress Rd City Cypress State Texas Zip 77429 Country United States Url https://trailerapp.com/
In a market where quality and affordability often don’t go hand in hand, Texas Direct Carpet is changing the narrative by offering homeowners the chance to elevate their home decor with affordable, high-quality carpets. This initiative ensures that every homeowner can access luxurious flooring options without the hefty price tag typically associated with premium carpets.
Texas Direct Carpet has become synonymous with excellence in the flooring industry, blending quality, style, and affordability. The company’s latest range of cheap carpet options is designed to meet the diverse needs of homeowners, combining durability with aesthetic appeal to transform any space into a haven of comfort and style.
Kenny Smith, the visionary leader of Texas Direct Carpet, shares his perspective on this commitment to affordability and quality. “Our philosophy has always been about making luxury accessible,” says Smith. “We believe that everyone deserves a beautiful home, and with our selection of affordable carpets, we’re making it easier for homeowners to achieve that without straining their finances. Our carpets offer the perfect blend of comfort, style, and durability at prices that make sense.”
The range includes a variety of styles, from contemporary chic to traditional elegance, ensuring that there is something for every taste and decor scheme. Each carpet is selected for its superior craftsmanship and materials, ensuring that customers enjoy the benefits of a premium product – such as longevity and ease of maintenance – at a fraction of the usual cost.
Homeowners interested in these budget-friendly carpet options can visit the Texas Direct Carpet website at texasdirectcarpet.com. The site offers a comprehensive view of the available selections, detailed descriptions, and images to help customers make informed decisions. Additionally, the company provides personalized consultations to assist in selecting the right carpet for each unique space.
With this initiative, Texas Direct Carpet continues to uphold its reputation as a leader in providing affordable, high-quality flooring solutions. The company’s focus on customer satisfaction and value-driven offerings is evident in its comprehensive range of cheap carpet options, designed to meet the evolving needs and expectations of homeowners across Houston.
About Texas Direct Carpet:
Located in Houston, Texas Direct Carpet is dedicated to providing exceptional carpet solutions that combine quality and affordability. Known for its vast selection and commitment to customer satisfaction, the company continues to serve as a trusted resource for homeowners seeking to enhance their living spaces.
Media Contact
Name Texas Direct Carpet Contact name Kenny Smith Contact phone (281) 355-6900 Contact address 18002 Kuykendahl Rd City Spring State Texas Zip 77379 Country United States Url https://texasdirectcarpet.com/
Windhoek, Khomas, Namibia, 31st May 2024 – Trustco Group Holdings Ltd continues to demonstrate its ability to generate above-average investment returns. During the interim review period, Trustco’s Net Asset Value (NAV) increased by 9.5% from NAD 1.15 billion (USD 62 million) to NAD 1.26 billion (USD 68 million) during the last six months. The NAV per share similarly grew to 128.2 cents, from 117.1 cents. The Group’s profit for the 6 months ended 29 February 2024 was NAD 110 million (USD 6 million), compared to a loss of NAD 250 million (USD 13 million) in the previous corresponding period. Basic and headline earnings per share were 11.17 cents, a significant improvement from the previous interim period.
Trustco’s portfolio valuations showed mixed performance across various sectors. The micro-finance portfolio reduced by NAD 90.7 million (USD 4.8 million), while the commercial banking and education portfolios decreased by NAD 1.3 million (USD 70 thousand) and NAD 20.7 million(USD 1.1 million), respectively. The insurance portfolio also recorded a decline of NAD 50.9 million (USD 2.7 million), primarily due to market volatility and higher interest rates. However, the real estate portfolio increased by NAD 70.7 million (USD 3.8 million), driven by rising demand for prime real estate in Namibia. The mining portfolio grew by NAD 154.5 million (USD 8.3 million), thanks to sector resilience, increased commercial production, and favourable exchange rates.
Quinton Z van Rooyen, Deputy CEO – Trustco Group Holdings Ltd
“The past period demonstrated why we pursue a generational multi-sector investment strategy. When one portfolio faced challenges, other portfolios compensated for it,” said Quinton Z van Rooyen, Deputy CEO of Trustco Group. “This balanced approach is key to Trustco’s consistent delivery of superior value.”
The Group has entered into an agreement with the US-based long-term shareholder Riskowitz Value Fund, providing access up to USD 100 million in hybrid capital, enabling Trustco to seize immediate investment opportunities across its world-class basket of investment portfolios, as well as new prospects. Additionally, Trustco has announced the acquisition of an additional 11.35% interest in Legal Shield Holdings Limited for NAD 468 million (USD 25 million) in shares at NAD 1.17 per share, increasing its holding to 91.35% and strengthening its investment footprint in Namibia’s insurance and real estate sectors.
The Trustco board is also finalizing the agreement for the debt-to-equity conversion with the founding family, Next Capital, as previously announced. This transaction aims to convert NAD 4.4 billion (USD 235 million) debt and equity liabilities from the Statement of Financial Position, into equity. Full details will be shared with shareholders once the terms are finalized, and all these transactions will follow the required full circular and regulatory processes.
Trustco’s diversified investment portfolio, combined with Namibia’s robust economic growth prospects, positions the Group for sustained success and long-term value creation for its investors.
About Trustco:
Trustco Group Holdings Ltd is an investment entity headquartered in Windhoek, Namibia, with an investment portfolio that has delivered exceptional returns with a CAGR of 68.97% since 1992. It has a well-balanced asset mix, with a current average weighting of 38% in US Dollar based assets, while the remaining 62% is invested in Namibia Dollar (1 NAD = 1 ZAR) based assets.Trustco enjoys the backing of a wide range of coinvestors, including 3 610 from Namibia, 1 443 from abroad, and 94 from institutional entities.
About Namibia:
Namibia is a Southern African country with a population of approximately 3 million and a GDP per capita of USD 5 031 in 2022. The country is endowed with rich natural resources, with recent major discoveries of oil and gas reserves, lithium deposits and rare earth minerals that are vital for technology demand globally, with developments also underway in its green hydrogen projects.The Namibian government has heralded these discoveries as a transformative period, holding the potential to double the nation’s GDP by 2040.
The country’s economy expanded by 4.2% in 2023 and is projected to expand by 3.7% in 2024, following a recovery of 5.3% in 2022 from the COVID-19 pandemic. With its wealth of natural resources, pro-business environment, political stability and increasingly skilled workforce, Namibia offers attractive investment prospects across all sectors.
Bottom Dollar Blinds is revolutionizing home comfort and convenience in Cypress with the launch of its sleek motorized roller shades. Designed to blend seamlessly into any home environment, these advanced window treatments represent the latest in technology and style.
Motorized roller shades in Cypress are becoming a popular choice among homeowners who value both aesthetics and functionality. With the press of a button, residents can adjust their shades to perfect light levels, enhance privacy, and even improve energy efficiency without ever needing to leave their seats.
“Motorized roller shades are more than just a window covering; they are an integral part of the smart home experience,” said Slade Miller, owner of Bottom Dollar Blinds. “We’re excited to bring this convenience and style to the Cypress community, where modern living and high-tech functionality go hand in hand.”
These shades are available in a range of materials and colors, allowing homeowners to customize their look to match their interior design preferences. From minimalistic and modern to warm and inviting, the motorized roller shades offered by Bottom Dollar Blinds cater to a wide array of tastes.
In addition to their aesthetic appeal, these shades offer practical benefits. They can be programmed to open and close at specific times, helping to regulate indoor temperatures and reduce energy costs. This automated functionality is especially appealing in Cypress’s varied climate.
“Our motorized roller shades are equipped with the latest in shading technology to provide a superior user experience,” Miller continues. “Whether it’s for ease of use, energy savings, or simply enhancing the beauty of your home, our shades are designed to meet the highest standards of quality and performance.”
Bottom Dollar Blinds is committed to providing exceptional service and support throughout the selection and installation process. The company’s experienced professionals work closely with each client to ensure their motorized roller shades fit perfectly and function seamlessly.
Cypress residents interested in upgrading their homes with motorized roller shades are encouraged to explore the options available through Bottom Dollar Blinds. With a reputation for quality and innovation, the company continues to be a leader in the window treatment industry.
For more information about motorized roller shades and other products, visit www.bottomdollarblinds.com.
About Bottom Dollar Blinds:
Since its inception in 2008, Bottom Dollar Blinds has been a leading provider of window treatments in Cypress and the surrounding areas. Known for its commitment to quality, craftsmanship, and customer satisfaction, the company offers a comprehensive range of products from traditional blinds to cutting-edge motorized roller shades. Bottom Dollar Blinds prides itself on enhancing the comfort and aesthetics of homes with personalized service and a dedication to excellence in every aspect of its business.
Media Contact
Name Bottom Dollar Blinds Contact name Slade Miller Contact phone 281-758-5650 Contact address 11030 Hilltop Park Ln City Cypress State TX Zip 77433 Country United States Url https://www.bottomdollarblinds.com/
Redheal Project (CEO Taehun Jang) announced that its Redheal Token (hereafter referred to as REDH) has been listed on the global exchange, Coin Store.
Redheal Project is a DeFi platform aimed at expanding the crypto ecosystem and improving user experience. It enables flexible asset exchange between various blockchain networks to provide users with efficient financial services.
Notably, Redheal features a financial bridge that connects services for virtual assets with those for fiat and real assets. This allows users to invest across DeFi services for virtual assets and fintech services for real assets.
Redheal rewards users who supply liquidity within the platform with its utility token, REDH. This token is used for various purposes within the platform, including paying fees and receiving transaction rewards. Users can earn and utilize tokens, and reinvest them to grow the ecosystem.
There are various business applications for using REDH. Users can receive refunds on fees incurred during payments, transactions, remittances, and swaps. They can also earn fee discounts and additional DEX rewards by pre-holding and depositing REDH.
Additionally, users can grow value alongside partner companies, and community leaders can compete for allocations from various reward pools on a daily and monthly basis. Furthermore, REDH is used to pay fees incurred during cross-chain swaps, which is one of the platform’s main revenue sources.
CEO Taehun Jang stated, “REDH was issued to facilitate value exchange between heterogeneous assets, and early community members are expected to contribute to expanding the ecosystem by utilizing REDH. The total issuance of REDH is 1.5 billion, of which 300 million will be allocated to the community.”
Dee Agarwal emphasizes the importance of selecting the right KPIs to optimize ROI, advocating for metrics that directly impact business health. He also stresses that while data is crucial, businesses should not overlook the human element, encouraging investment in team skills, agility in strategy, and a long-term focus on sustainable growth and customer loyalty.
Atlanta, GA, 31st May 2024, ZEX PR WIRE, In the ever-evolving world of business strategy, a laser focus on Return on Investment (ROI) remains paramount. However, with an ever-expanding landscape of metrics and data points, determining the “right” KPIs (Key Performance Indicators) to track success can be a daunting task. To shed light on navigating this crucial aspect, Dee Agarwal, an experienced C-Suite executive, shares his data-driven approach.
“ROI is the lifeblood of any business strategy,” says Dee Agarwal. “It’s the compass that guides our decisions and ensures we’re putting our resources to work effectively. But a singular focus on ROI, without considering the underlying factors that influence it, can lead us astray.”
Dee Agarwal emphasizes the importance of moving beyond vanity metrics and identifying KPIs that truly reflect the health and progress of your business. “Likes, shares, and followers might look impressive on a presentation slide,” he explains, “but they don’t necessarily translate into sales or customer loyalty. We need to delve deeper and identify metrics that have a more direct impact on our bottom line.”
So, what KPIs does Dee Agarwal recommend businesses prioritize? While he emphasizes that the right KPIs are different for every company, Dee Agarwal outlines a strong starting framework for optimal ROI:
Customer Acquisition Cost (CAC): Understanding how much it costs to acquire a new customer is fundamental. Dee Agarwal advises, “Track your CAC religiously. It helps you determine the efficiency of your marketing and sales efforts. If your customer lifetime value (CLTV) is significantly lower than your CAC, you have a sustainability problem.”
Customer Lifetime Value (CLTV): This metric reveals the total revenue a customer is expected to generate throughout their relationship with your business. “A high CLTV indicates you’re acquiring and retaining valuable customers,” says Dee Agarwal. “By analyzing CLTV alongside CAC, you can optimize your customer acquisition strategies and ensure long-term profitability.”
Customer Satisfaction (CSAT): In today’s experience-driven economy, customer satisfaction is no longer a nicety; it’s a necessity. “Loyal, satisfied customers are more likely to repurchase and become brand advocates,” explains Dee Agarwal. “Track CSAT through surveys, reviews, and support interactions. High customer satisfaction translates to increased customer lifetime value and reduced churn.”
Customer Engagement: Simply acquiring customers isn’t enough. You need to keep them engaged with your brand. Dee Agarwal suggests, “Track metrics like website visits, app usage, and social media interactions. High customer engagement indicates a strong brand connection and paves the way for repeat business and advocacy.”
Lead Conversion Rate: This metric reveals the percentage of leads that convert into paying customers. “A healthy lead conversion rate signifies a well-oiled sales funnel,” says Dee Agarwal. “By tracking and optimizing this metric, you can ensure you’re attracting qualified leads and nurturing them effectively towards conversion.”
Dee Agarwal acknowledges that the specific KPIs a business prioritizes will vary depending on its industry, target audience, and overall goals. “The key is to identify metrics that directly tie back to your ROI objectives,” he advises. “Don’t get bogged down in vanity metrics or industry benchmarks that don’t reflect your unique business strategy.”
Beyond the Numbers: The Human Factor in ROI
While data plays a crucial role in optimizing ROI, Dee Agarwal emphasizes the importance of the human element. “Don’t let the numbers become your sole focus,” he cautions. “Metrics are a guide, not a gospel. There’s a human element to business success that can’t be quantified.”
Here, Dee Agarwal shares some additional insights on achieving optimal ROI:
Invest in Your People: “Empowering your team with the right skills and fostering a culture of data-driven decision-making is crucial,” says Dee Agarwal. “A skilled and motivated workforce is your greatest asset in driving ROI.”
Embrace Agility: “The business landscape is constantly evolving,” explains Dee Agarwal. “Don’t be afraid to adapt your strategies and KPIs based on new data and market trends. Agility is key to staying ahead of the curve.”
Think Long-Term: “True ROI isn’t just about immediate gains,” says Dee Agarwal. “Focus on building sustainable growth and customer loyalty. By investing in the long term, you’ll reap the rewards for years to come.”
In conclusion, Dee Agarwal’s insights highlight the importance of a nuanced approach to ROI. By prioritizing the right KPIs, fostering a data-driven culture, and empowering your team, businesses can navigate the ever-changing landscape and achieve sustainable success. Remember, ROI is a journey, not a destination. By continuously analyzing, adapting, and focusing on the human element, businesses can ensure their strategies deliver optimal returns for years to come.
The world is on the cusp of a new era of more sustainable and efficient transportation with the advent of electric Vertical Take-Off and Landing (eVTOL) aircraft. These potentially revolutionary vehicles are designed to take off and land vertically, making them ideal for congested urban environments and remote areas where runway space is limited. They have a long list of use cases,from faster medical service to global crisis relief.
The global advanced air mobility market, estimated at $8.15 billion in 2022, isprojected to expand at a compound annual growth rate of 24.6% from 2023 to 2035, driven by advancements in electrical propulsion systems and demand for faster, more efficient transportation.
New Horizon Aircraft: A Differentiated eVTOL Product
Among the companies developing eVTOL technology is NewHorizon AircraftLtd. (NASDAQ: HOVR). Its prototype, the Cavorite X7, is a hybrid electric eVTOL that features a patented wing system allowing it to convert to a conventional airplane configuration after taking off vertically.
The company claims it can, therefore, go faster, farther, and carry more useful load than other eVTOL aircraft, such as those developed by Lilium (NASDAQ: LILM), Archer Aviation (NYSE: ACHR), Joby Aviation (NYSE: JOBY), and EHang Holdings (NASDAQ: EH).
The Cavorite X7 also differs from its competitors in that it uses a hybrid electric main power system allowing it to recharge its battery array in flight and after landing.
Technical Milestones
In a recentpress release, Horizon announced a number of promising technical updates on the development of its prototype, notably including the validation of its patent-pending yaw control system. This system is a crucial component of Horizons patented HOVR Wing tech, enabling the Cavorite X7 to remain stable even in strong crosswinds. It offers a smoother and more comfortable ride for passengers while improving control for pilots.
Another significant announcement is the start of production and testing of the aircrafts core vertical lifting fan technology. This milestone was reached thanks to the completion of the detailed design and aerodynamic analysis.
The scale prototype of the Cavorite X7 is currently undergoing a rigorous flight-testing program, with important transition flight tests on schedule to be completed by mid-summer where the aircraft will complete the transition from hover to full wing-borne flight something few companies in this space have achieved. Horizon stated that the aircraft is demonstrating stability and control as expected.
Over the past several months, Horizon has made incredible progress. I am continually amazed with the technical aptitude of our team as it clears one engineering hurdle after another. The transition flight testing program has taken significant strides forward, with the aircraft demonstrating impressive stability and control all the way from hover to approaching transition speed, said Horizon Chairman and CEO Brandon Robinson.
Horizons unique hybrid eVTOL architecture sets it apart from its all-electric competitors, making the company one to keep an eye on in this space.
Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders.
This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice.
BioHarvest Sciences CEO Ilan Sobel joined Steve Darling from Proactive to share the company's financial and operational results for the first quarter of 2024. The company reported significant revenue growth in Q1 2024, with revenues increasing by 147% to $5.34 million, compared to $2.2 million in the same period of the previous financial year. This also represents an 18% increase from the preceding Q4 2023. Previous guidance for Q1 2024 was $5.2-5.3 million. This impressive performance was driven by continued strong sales of VINIA, which fueled revenue growth in the Products division.
Sobel highlighted that gross margins in Q1 2024 improved to 56%, compared to 37% in the same period of the prior financial year. In the U.S., total subscribers increased by 122%, while marketing and sales expenditures rose by only 39% compared to the same period in the previous year. This indicates a highly efficient growth strategy that has maximized subscriber acquisition without a proportional increase in spending.
Management has set optimistic expectations for Q2 2024, projecting revenues in the range of $5.7 to $6.0 million. The company also anticipates reaching EBITDA break-even in the second half of 2024. This financial milestone is expected to be supported by the launch of a new Contract Development and Manufacturing Organization (CDMO) business unit. This unit has already signed two significant contracts: one to develop patentable, plant-based molecules for a Nasdaq-listed pharmaceutical company, and another for a leader in the nutrition and ingredients industry.
Furthermore, BioHarvest Sciences is on track to uplist to the Nasdaq exchange in the second half of 2024. This strategic move is expected to enhance the company's visibility and attract a broader base of investors, providing further growth opportunities.
Sobel expressed confidence in the company's direction and highlighted the importance of the new CDMO unit in diversifying BioHarvest Sciences' revenue streams. The development of plant-based molecules aligns with the company's commitment to innovation and sustainability, positioning it at the forefront of the biotech industry.
Bitcoins recent surge in value, a topic that has caught the attention of both investors and casual observers, might have left some wondering if they missed out on a golden opportunity. In truth, the cyclicality of Bitcoins price will likely always leave room for individuals to enter at a reasonable price point and benefit from the appreciation that occurs. Below, we expound on the market dynamics that influence Bitcoins price and recent developments that catalyzed the price surge.
Factors Influencing Bitcoins Price
Though Bitcoin is a digital currency, the economic fundamentals of supply and demand still influence its pricing. Given that the underlying protocol/coding for Bitcoin limits its supply to 21 million coins, fluctuations in demand can lead to price volatility. Additionally, factors such as investor interest, adoption rates and macroeconomic conditions affect demand, while mining difficulty adjustments affect the rate of new supply entering the market.
A seminal factor influencing Bitcoins price is Bitcoin Halving, which occurs every four years; the last one occurred on April 19th, 2024. In simple terms, Bitcoin Halving reduces the rate at which new coins are created. Thus, it is self-induced scarcity written into Bitcoins code. The rationale for these quadrennial halving events is to reduce the supply of Bitcoin entering circulation, thus allowing existing coins to keep their value (i.e., avoid inflation).
Finally, the mass adoption and securitization of Bitcoin are also influential pricing factors. After rejecting them for almost a decade, the U.S. Securities and Exchange Commission recently approved spot Bitcoin ETFs, which resulted in several financial companies like BlackRock (NYSE: BLK) launching these solutions. Outside of the U.S., markets such as Hong Kong are launching Bitcoin ETFs with great fervor, as there is growing investor demand for these asset types. The securitization of Bitcoin and the usage of these instruments by retail and institutional investors is a growing factor influencing Bitcoins price.
Bitcoins Cyclicality
Source: Caleb & Brown
The Bitcoin market cycle refers to the recurring pattern of price behavior in the Bitcoin market, characterized by alternating periods of appreciation and depreciation. During these periods, there are various phases that investors and individuals should take note of, as they can be a gauge as to where the Bitcoin price is heading.
Phase 1: Accumulation
This occurs when prices are low but small signs of growth appear. During this phase, buyers will accumulate cheaper Bitcoin, representing the point of maximal financial opportunity. Typically, there is bearish sentiment in the market, so volume is low, and prices fluctuate in a tight range near the bottom.
Phase 2: Continuation
Phase 2 occurs as the price continues moving towards an all-time high. A halving event has historically occurred here, coinciding with shrinking exchange reserves as buyers hoover up supply to capture rising prices in anticipation of new all-time highs.
Phase 3: Parabolic
When the price eclipses the previous all-time high, price action will start to move exponentially to the upside pushing the price to a new all-time high, which has exceeded the previous landmark by a significant factor. This phase is extremely volatile, with rapid price increases followed by large corrections.
Sell volume builds as some investors lock in healthy profits, even as many market participants continue buying, believing the bull market has more room to run. As a result, price volatility is low, given that buy and sell volumes begin to balance against a backdrop of overconfidence.
Phase 4: Correction
Following the Parabolic phase, the market may see a major correction to the downside. Previous bear market periods have resulted in approximately 80% drawdowns from the top and negative price action for approximately a year.
Historical Bitcoin Events
Over the years, various market events have influenced Bitcoins price. Over the recent decade, the following events have had a material impact on Bitcoins price:
Silk Road shutdown (2013): In October 2013, the FBI seized the Silk Road, an online marketplace notorious for facilitating illegal Bitcoin transactions. The closure of Silk Road removed a significant source of demand for Bitcoin, leading to a short-term price decline amid regulatory uncertainty and negative media coverage.
Bitcoin's first bull run (2013): In late 2013, Bitcoin experienced its first major price rally, soaring to an all-time high of over $1,000 per coin from just $11 per coin in August 2011. This surge in price was fueled by growing mainstream awareness, media attention, speculative trading activity and favorable regulatory developments in some jurisdictions.
China bans Bitcoin exchanges (2017): In September 2017, China announced a ban on crypto exchanges and initial coin offerings (ICOs), triggering a significant sell-off in the market. China's regulatory crackdown and concerns over ICO scams and market manipulation contributed to a decline in Bitcoin's price.
Bitcoin's bull run and institutional adoption (2020-2021): Bitcoin experienced a remarkable bull run starting in late 2020 and continuing into 2021, reaching new all-time highs above $60,000 per coin. This rally was driven by a confluence of factors, including increasing institutional adoption with several fintech giants coming on board, corporate treasury investments and growing mainstream acceptance of Bitcoin as a store of value and hedge against inflation.
Tesla's (NASDAQ: TSLA) Bitcoin investment (2021): In February 2021, Tesla announced that it had purchased $1.5 billion worth of Bitcoin and would accept the cryptocurrency as payment for its products. This endorsement from one of the world's most prominent companies further bolstered Bitcoin's legitimacy as an institutional-grade asset, leading to a surge in price.
Bitcoin ETF Launch (2024): In 2024, the long-anticipated launch of spot Bitcoin Exchange-Traded Funds (ETFs) marked a milestone in mainstream cryptocurrency adoption. Following regulatory approvals and growing investor demand for accessible Bitcoin investment vehicles, several financial institutions introduced Bitcoin ETFs, allowing investors to gain exposure to digital assets through traditional brokerage accounts. The introduction of Bitcoin ETFs provided retail and institutional investors with a convenient and regulated means to invest in Bitcoin, further legitimizing its status as an asset class.
Keeping An Eye On The Future Of Bitcoin
While the recent run-up in Bitcoins price may have left many individuals pondering whether they missed a golden opportunity, they can take solace in knowing that such an opportunity may arise again in the future.
For individuals who want to remain abreast of the latest Bitcoin and cryptocurrency developments, Caleb & Brown, the worlds leading cryptocurrency brokerage, offers the latest information about what's happening within the cryptocurrency landscape.
Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders.
This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice.
