London…We Have a Problem — VAULT Cryptocurrency Blockchain News #21
This month we saw one on the biggest upgrades in cryptocurrency that has ever occurred. This change was known as the London hardfork of Ethereum. This protocol introduced EIP-1559. This protocol changes how transactions are processed and paid for on the Ethereum network. Previously, users were forced to bid for how much they were willing to pay to have their transaction accepted by a miner. With EIP-1559, the process is handled by an automated bidding system with a set fee amount that fluctuates with how congested the network is.
The other main component of EIP-1559 is that part of every transaction fee will be burned, which will begin to reduce the supply of Ethereum and potentially boost its price.
In the past 3 weeks since it was implemented, over 100,000 Ethereum has been burned.
This all sounds great and it’s not hard to imagine $30,000 ETH possibly by the end of the year now that coins are being burned at such a high rate. The thing to note is that even with the high number of coins burned, Ethereum is still not deflationary currently.
The one big problem since the London hard fork that many users of Ethereum have noticed is that the fees have gotten ridiculous.
You can now see the problem. Gas fees have gone up over 450% since the London hard fork. Did your rock NFT go up 100% in value? Did you make 250% on your yield farming? You are now losing money if you transfer that NFT to a hard wallet for security or end your liquidity pool stake. Maybe the gas fee to buy a NFT or tokens you want is higher than the purchase price. Any transaction on the Ethereum network is quickly pricing out the average investor and negating any gains they might have earned.
As the price of Ethereum goes up, the fees only get more expensive. Will ETH 2.0 fix things? The only thing we do know is that the London Hardfork only created more problems than it fixed.
VAULT Crypto News This Week
Thursday the VAULT Reserve Board concluded its 7th scheduled monthly meeting to discuss and decide VAULT coin’s Minimum Guaranteed Price (MGP) for the next MGP period.
Ian| VAULT.Investments proposed holding the MGP at 10,500 sats until September 30th, and after discussions, the VRB agreed.
The current status:
VAULT coin MGP 10,500 sats until September 30th 2021
Currently 96%+ of VAULT coins are locked
Public VAULT Reserve 600%+ AUM
*MGP is the safety net and not the price investors typically trade at. In recent months, trading prices have ranged above our safety net!
You need 500 CRYO VAULT to join VAULT Investors, and 1000 CRYO VAULT to join VAULT Club and VAULT Reserve Board, which also gives you access to higher APR levels in the BTC% program.
CRYO VAULT Coin Packs
VAULT on Exchanges
VAULT Coin’s Market Performance This Week
VAULT cryptocurrency had a lot of ups and downs this week in terms of price. We saw a high on Tuesday of $5.43 and a low on Friday of $4.91. We finished out the week at $5.16 for a modest 0.9% increase from this time last week.
We saw an average of $1,522.66 traded daily. This brought us back above the $1,000 daily level and is well above last week’s number of $984.77.
VAULT coin trades on CREX24 and SouthXchange and we saw 100% of the trading volume this week occurring on CREX24. The Minimum Guaranteed Price https://vaultility.vault.investments/ buy wall of 1,000 VAULT at 10,500 Satoshi was maintained with 1.24 VAULT above the wall.
You might want to consider buying the VAULT dip and taking advantage of VAULT’s current 20% CRYO bonus VAULT coins special by placing a bid or market order soon and letting Ian | VAULT.Investments#4786 on VAULT Investments Discord https://discord.gg/BEDSGCs know by August 31st, 2021 that you want to freeze coins for the bonus.
The current price is 10,600 Satoshi (0.00010600 BTC), slightly below last week’s closing price of 10,766 Satoshi (0.00010766 BTC).
In addition to the platform, products, use, and demand, VAULT continues to benefit greatly from being tied to Bitcoin. This week we saw BTC make a slight correction from its recent gains, down 1.3%.
VAULT has been rated a profitable investment on digitalcoinprice.com. This is their price prediction for the upcoming weeks.
Bitcoin (BTC) Update
With BTC’s current price increase to close to $50,000, the question becomes, is it still a reasonable investment for the average investor?
There is no denying that major institutional investors are buying Bitcoin. We see new reports every day of major banks or investment firms accumulating large amounts.
The interesting thing is now we are seeing major FOMO pieces being developed and distributed by established investment firms. Fidelity recently published a report calling for $1 million dollar Bitcoin.
If you want to get on the Bitcoin bandwagon but don’t have $48,500 to buy one, you have other options. A few examples: You can buy some Satoshis and store them on an exchange or in your wallet. You can trade altcoins and NFTs in an attempt to make a lot of money and buy more BTC. You can buy VAULT coin and earn masternode rewards with ~25% ROI and slowly build more BTC value daily. Or you can do a combination of any of those.
The power of VAULT is that it allows you to get exposure to BTC at a much cheaper price. You get the advantage of growing your investment daily and the Minimum Guaranteed Price feature ensures you that you will have a minimum amount of Satoshis available on exchanges for each non-CRYO VAULT coin that you own.
Once you have accumulated your BTC, you can earn compound interest even faster by utilizing VAULT’s BTC% program to earn up to 25% APR on the Bitcoin you deposit.
Stablecoins tied to the US dollar offer you some security but are tied to fiat, which is going down in value. VAULTility https://vaultility.vault.investments/ ties VAULT coin to Bitcoin, which is up 331% this year and has the potential for much more.
Cryptocurrency News This Week
Life Changing Events in El Salvador
Jack Wants a BTC-DEX
Stock to Flow is Still a Thing
Nice Rock Jpeg
Crypto Goes Hollywood
VAULT Crypto Portfolio Tracker
I wanted to give you a running tally of what you could potentially be earning with VAULT. The example I’m using is holding 1 CRYO VAULT masternode (CRYO VAULT is available here with 20% bonus VAULT until August 31st) with 0.1 BTC invested in the BTC% program (check it out here).
I wanted to show you what kind of returns you could be earning weekly and cumulatively.
One VAULT masternode of 1,000 VAULT with current ~25% ROI generated 4.76 VAULT blockchain rewards this week for a total of 115.1 VAULT over the past 22 weeks if you compounded your daily rewards with 100% reinvest on VAULT platform. Total is now 1,115.1 VAULT. The total dollar value earned was $593.92 at VAULT’s current price of $5.16. The total BTC value at VAULT’s current price (0.00010600 BTC) is 0.0122006.
Investing 0.1 BTC in the BTC% program earns you 11% APR, giving you a weekly return of 0.00021089 BTC. Over the last 22 weeks, this would be worth 0.00463958 BTC with a current value of $225.77.
The current total value of your potential returns over the past 21 weeks would be $819.69 or 0.01684 BTC.
We Are Here to Help You DYOR (Do Your Own Research)
I hope this week’s update on cryptocurrency news, Ethereum’s London hard fork, Bitcoin and VAULT has been helpful.
If you have any questions please feel free to post or contact me Bobtilladhun (email@example.com) or any team member on VAULT Investments Discord server:
VAULT Global Ambassadors
We want to again invite people to become a VAULT Ambassador. It is a great way for us to spread the great news of VAULT investments to everyone around the world. If you would like to join our growing international community, please click here for more information.
kikiriki#9227 — Greece
CryptoEva[Own CS Team]#3733 — Bangladesh
bevan honas#7388 — South Africa
Farting Rocket#0302 — France
wltjnes1#1227 — Nigeria
Long Miguel#6762 — Vietnam
This is not financial advice. VAULT Investments provides a service to its clients and is not responsible for projects listed or featured in its platform or ecosystem. Users should always DYOR. Invest at your own risk.