The crypto world is no stranger to market manipulation. In fact, it’s something that happens on a regular basis. The most recent example is the story of BitConnect, which promised guaranteed returns of up to 40% per month. Of course, this was too good to be true and the platform eventually collapsed, taking billions of dollars worth of investor money with it.
It is currently a fact. that crypto exchanges have the ability to manipulate the market. In some cases, it is for their own benefit. For example, when an exchange is delisted from a major crypto index, the price of the crypto usually plummets. This gives the exchange an opportunity to buy the crypto at a lower price and then relist it on the index, pocketing the difference.
Exchanges have also been known to wash trade, which is when they trade with themselves to create artificial volume. This makes the exchange look more popular than it actually is and can attract new users. It’s also been used to pump up the price of particular crypto so that insiders can sell at a higher price.
All of this market manipulation creates a lot of uncertainty and can make it difficult for investors to know what is really going on. It’s important to do your own research and not blindly trust what an exchange says. After all, they are motivated by profits, not by helping you make money.
But what if I told you that there was someone who saw all of this coming? Someone who predicted the continuous collapse of the current system and warned others about it before it happened?
Let’s go back in time when an anonymous crypto trader made a series of posts on Bitcointalk in 2016-2017. In these posts, they warned about the dangers of investing in crypto, calling it a “Ponzi scheme” and a “bubble” that was bound to collapse.
At the time, their warnings fell on deaf ears but in retrospect, they were dead-on accurate.
In one post, the sleeping giant wrote:
“What we are witnessing is nothing short of a financial bubble the likes of which has never been seen before… When it finally pops there will be blood in the streets and many people will be left holding worthless bags of digital nothing.”
These words couldn’t be more true today. We are witnessing the final stages of a bubble that has been years in the making. When it finally pops, there will be widespread panic and millions of people will lose everything they’ve invested.
But it doesn’t have to be this way. Several Crypto and Web3 companies saw what was coming and took action to create an alternative market where manipulation is impossible. This market is known as “The Decentralized cross-chain asset management systems ” or “DCCAMS” for short. In essence, it operates through direct cross-chaining between only decentralized exchanges and decentralized networks.
This means there is no centralized entity that can manipulate the market.
The DCCAMS has been the ideology of web3 operational for over a year now and in that time it has proven to be the future of blockchain trading.
A complete team of blockchain and solution specialist in Australia, have been sharing there concerns from early 2016,2017. A group of blockchain enthusiasts seeing the writing on the wall and took action to create a secondary market, free of corruption, free of centralized manipulation and free of whale control. A replacement of the entire ecosystems running, to a new incorruptible layer one, cross chaining asset management system, totally on blockchain.
The project I’m referring to is called NuGenesis (NUC). It’s a sleeping giant that is slowly gaining recognition for its ability to provide a better way to manage crypto assets. While most projects in the space are focused on price speculation, NuGenesis is focused on solving the real problems that crypto investors face.
NuGenesis has created a platform that allows you to store and transact your crypto online or offline, in what is called The NAMS (online) NOPS (offline payment System) . They have created a complete layer 1, cross chaining ecosystem, With the ability to retrace all stolen funds, Ability to track every action taken within the system. This means that your crypto is not vulnerable to hacks or other online threats. But more importantly, it gives you complete control over your own private keys. This is important because it means that you are not dependent on an exchange or any other third party to access your funds.
NuGenesis also offers a unique feature called cross-chain asset management. This allows you to easily move your crypto between different blockchains without having to go through an exchange. This is important because it gives you the ability to diversify your portfolio and hedge against risk.
So what does all this mean? It means that NuGenesis is slowly gaining recognition for its ability to provide a better way to manage crypto assets.
There are current rumors of NuGenesis recent acquisition prospect of Australia’s most advance crypto exchange, My crypto wallet, which had fallen into liquidation. (Yet to be verified), Rumors suggest a complete overhaul of My Crypto Wallet, will see a new era of centralization. Adding a layer of consensus to keep track of every transaction.
With Several Meta and Web3 projects being launched, Nugenesis long-established advance robotics divisions, Artificial Intelligence teams. Layer 2 cross asset management systems, version of Coin market cap, several acquisitions of news media groups and platforms and the world’s first true asset pegged systems.
while the current crypto system is broken and ripe for manipulation. With NuGenesis, you can take control of your own crypto and transactions, without having to rely on third parties. This gives you the peace of mind that your investment is safe and secure.
NuGenesis vision and technology is to the crypto world as the arc of Noah, was to animals during the great flood.
If you’re tired of seeing your hard-earned money disappear in a puff of smoke every time there’s a market crash, While watching the same people who caused the crash, benefit from billions of dollars of profit, Knowing within time, they can rebuild the narrative and therefore confidence. Then it’s time we look at alternative solutions.
If you want to be part of a community that is taking action to create a better future for crypto, then I urge you to join projects like NuGenesis. Projects building the foundation for a new economy, one that is decentralized, fair and transparent. One that can’t be manipulated by whales or central authorities. One that allows great projects to flourish, brings accountability to founders and keeps every transaction on blockchain.
The post The Crypto Black Hole Paradox, Centralized Crypto Cancer appeared first on The Merkle News.
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