This week we saw a major milestone for Bitcoin. With the news of Bitcoin futures being approved, the price went above $67,118. This created a lot of renewed interest in cryptocurrencies, and many coins benefitted from the rise in Bitcoin price.
Will Bitcoin shoot up to $100,000 soon or will we see price draw back? We are seeing continued correlation of Bitcoin and the stock market.
Bitcoin continues to be a good investment, especially when compared to even the hottest stocks like Google, Amazon and Tesla.
More bullish news that Bitcoin ATMs may be coming to your local Wal-Mart was reported this week.
It is an interesting time to be alive and we are still very early in terms of cryptocurrency adoption. Things are looking good right now and it tends to make me nervous.
VAULT Crypto News This Week
New Bitcoin All-Time High! VAULT Coin Is Like Bitcoin!
We hope you are all enjoying the new Bitcoin ATH!
When you look around, many cryptos are going downhill in the opposite direction, steadily losing Bitcoin value as Bitcoin rises.
VAULT coin has VAULTility so it’s pegged to and moving with Bitcoin, currently with a Minimum Guaranteed Price of 10,500 sats and market price of $6.96, and there is no upper limit VAULT coin can reach!
Due to the VAULTility (minimum price stability) program, which has been running successfully for almost 9 months, VAULT coin should continue to follow the upward trend of Bitcoin, making VAULT one of the few projects and cryptos that can actually hold value and grow your Bitcoin holdings.
Stronghold Diamond Hands is coming soon!
Are you ready?
We are currently polishing the last diamonds for the new Stronghold and it is only days away!
To give everyone the chance to take part, we are sharing some details in advance.
Stronghold Diamond Hands will have limited availability and require 100 unfrozen/unlocked VAULT coins to participate.
At the launch, unfrozen VAULT coins will no longer be available for purchase on VAULT platform swap.
So the only way to get unfrozen VAULT coins will be from exchanges, generating them through rewards or earning them through referrals.
VAULT CRYO coin packs will continue to be available as a stable form of long-term investment, but only the staking rewards generated can be used for Stronghold Diamond Hands.
VAULT on Exchanges
Due to the situation with Crex24 increasingly blocking more countries and this affecting trading and Minimum Guaranteed Price support etc., we needed to put VAULT coin into maintenance on Crex24. All trading and deposits have been stopped but withdrawals are still open. A further update will follow.
VAULT Coin Buying on VAULT Platform and Try Before You Buy Updates
As we prepare to launch the new Stronghold Diamond Hands soon, starting today, Try Before You Buy and sale/swap of unfrozen VAULT coins on VAULT platform will be suspended.
Please Withdraw Your MIDAS ASAP (Delisting October 28th and Swap)!
Could all holders of MIDAS please withdraw those coins from VAULT platform as soon as possible because we will be delisting MIDAS October 28th 2021. This is purely a business decision based on Midas project’s announced plans to swap from coin to token. As they are swapping to a token, all rules will be determined by Midas and it might not be possible in the future to swap coins if the chain is stopped and/or the swap deadline is missed.
We would like to wish Midas success for the future.
VAULT Investments provides a service to clients and is not responsible for projects listed or featured in its platform or ecosystem. Users should always DYOR.
EMOJ upgraded to the new collateral (100000)
All masternodes restarted.
PHR updated to v1.7.1
All masternodes restarted.
For GFN airdrop, please contact us via Help -> Contact us menu on the platform with your BSC address and we’ll send the tokens corresponding to the 1st airdrop if you’re eligible. As per the rules, “This Airdrop will be based on Snapshot One — taken on March 14th at 23:59pm GMT — and will account for 1/6th of the total supply”, so we only take into account the corresponding balance you had on the platform at the snapshot time (the ratio is 1.66 GFN per 1 PHR) (edited)
VAULT Coin’s Market Performance This Week
We finished out the week at $6.96, which is up from last weeks price of $6.69. We had a high of $7.45 on Thursday and our low for the week was $6.37 on Friday.
We saw an average of $1,859.85 traded daily. This maintains us above the $1,000 daily level and is nicely above last week’s number of $1,199.68.
The Minimum Guaranteed Price https://vaultility.vault.investments/ buy wall of 792.37 VAULT at 10,500 Satoshi was maintained with 81.96 VAULT above the wall on SouthXchange.
The current price average on all exchanges is 10,530 Satoshi (0.00010530).
In addition to the platform, products, use, and demand, VAULT continues to benefit greatly from being tied to Bitcoin. This week we saw BTC finally cool down with a loss of 0.4% for the week.
Bitcoin (BTC) Update
What is the key to driving the price of Bitcoin to over $100,000? The answer is increased adoption. This week we saw 2 major announcements that could help spark mass adoption of Bitcoin and other cryptocurrencies.
The first announcement involved the release of a Bitcoin futures ETF (see my thoughts on this in last week’s update).
Many ETFs were filled to capacity, showing that they are extremely popular among investors.
Many firms are rushing to get their futures ETFs listed. The tweet below lists the ones currently available and those which are upcoming.
Before you jump on the bandwagon, do your own research carefully and remember I warned you about the hidden fees.
The other big news was Coinstar planning to place 8,000 Bitcoin ATMs in Wal-Mart stores. Now you can run in and get a carton of milk and $100 of Bitcoin at your local Wal-Mart.
Many consider Bitcoin a “gateway drug” in terms of crypto adoption. It brings many people into cryptocurrencies, and they also venture into altcoins as they see the advantages those cryptos provide over just HODLing Bitcoin. Increased adoption should be huge for VAULT and other coins that provide trustless interest to holders and generate passive income for their investors.
Cryptocurrency News This Week
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 1,000 VAULT 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.
1,000 VAULT with current ~24% ROI generated 4.76 VAULT blockchain rewards this week for a total of 1,147.96 VAULT over the past 29 weeks if you compounded your daily rewards with 100% reinvest on the VAULT platform. Total is now 1,147.96 VAULT. The total dollar value earned is $1,029.80 at VAULT’s current price of $6.96 (0.00010530BTC). The total BTC value earned at VAULT’s current price is 0.01558.
Investing 0.1 BTC in the BTC% program earns you 11% APR, giving you a weekly return of 0.00021089 BTC. Over the last 29 weeks, this would be worth 0.006115 BTC with a current value of $375.63.
The current total value of your potential returns over the past 29 weeks would be $1,405.43 or 0.021695 BTC.
We Are Here to Help You DYOR (Do Your Own Research)
I hope this week’s update on Bitcoin adoption and the new all-time high price has been helpful.
If you have any questions, please feel free to post or contact me Bobtilladhun 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. The views and opinions in this update are my views alone and are not necessarily those of VAULT investments or its administration. Users should always DYOR. Invest at your own risk.
About the Author:
My Discord handle is Bobtilladhun.
I’m a long-term crypto investor. I bought my first Bitcoin in 2016 for $700. I sold 1/2 my BTC when the price doubled to satisfy my wife that I wasn’t going to lose all our money and made my initial investment back. Since that time, I have used my remaining Bitcoin stack to HODL and invest in interesting projects. I am a founding investor in VAULT and have accumulated a significant number of VAULT coins through holding my coins in CRYO and taking advantage of the compounding interest VAULT provides.
I was asked by Ian and the VAULT team to provide a weekly update on VAULT’s performance and current issues in cryptocurrency.
I hope these updates provide you with a quick overview of what is happening with VAULT and in the world of cryptocurrency.
Please contact me on Discord if you have any comments or suggestions.