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Would Crypto Remain Investing-Worthy in 2023?

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It is no secret that the past year has not been good for cryptocurrency. But, as 2023 has seen a bull market, interest in cryptocurrencies has slowly increased. In particular, after more than three months, Bitcoin has surpassed 28k for the first time this year. You’re not the only one who is anxious about the market right now. But should you continue to invest?

In addition to providing you with some cryptocurrency price predictions for the near future, this article also includes three arguments in favor of continuing to use cryptocurrency in 2023 and one against it.

Why should you take the crypto market into consideration for investment in 2023?

Low price with great potential to go higher

At its height, the price of Bitcoin was close to $70,000 per token, while the price of Ethereum was close to $5,000. Bitcoin is currently trading for little around $28,000, while Ethereum is worth about $1,800. There may not be a better opportunity than this one if you’ve been seeking a cheaper period to invest in cryptocurrencies. Currently, the crypto market is effectively on clearance, making it easy to stock up on high-quality purchases for a significant discount.

2023 comes with a bull market

Naturally, no one can forecast when the Bitcoin will regain its all-time high. Yet, the start of 2023 exhibits some resurgence indications following the year of slump in 2022. Moreover, the worst year for digital assets was not 2022. In 2018, ETH had a 95% annual loss. If you invest while it is at its lowest, you might get an almost 45x return in just three years.

However, it’s unknown what crypto’s future contains, and it’s possible that there won’t be another rise like the one that occurred in 2020–2021. Yet even if cryptocurrency prices don’t rise to their previous highs any time soon, investing at bargain rates now might make even a modest increase profitable.

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You may miss the once-in-a-lifetime opportunity

Think about which of these choices you’d regret more when determining whether to invest: investing now and risking financial loss if cryptocurrency fails, or not investing and missing out on the investment of a lifetime if cryptocurrency succeeds.

To be clear, this does not imply that you should put all of your money in cryptocurrencies. It’s vital to buy wisely and just invest what you can afford, just like with any investment. But, for some individuals, it’s worth taking a little financial risk to prevent regretting not seizing this possibility.

Why is investing in cryptocurrency not for you in 2023?

For all its potential, crypto nevertheless entails a tremendous level of danger. There is now no way to predict whether cryptocurrencies will be successful, and there is always a danger that you might lose any money you invest. The greatest time to buy may not be right now if money is tight.

Also, this investment is infamous for having high volatility. It can go through nauseating ups and downs even when things are going well. It’s OK that not all investors have the stomach for cryptocurrency. You might be better off staying with equities for the time being if you know that degree of volatility would cause you to lose sleep.

Because the future of cryptocurrencies remains hazy, your decision to invest today will be heavily influenced by your risk tolerance and personal preferences. Yet, if a recovery is imminent, this may be one of the finest times to purchase.

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Should you invest in cryptocurrency?

Due to the low price correlations that cryptocurrencies like Bitcoin have traditionally had with the US stock market, owning some can help you diversify your portfolio. If you think that people will use cryptocurrencies more often in the future, it makes sense for you to directly purchase some as part of a diversified investment portfolio. Be careful to have an investing thesis outlining why each cryptocurrency you buy in will endure the test of time. You ought to be able to manage the investment risk as part of your total portfolio if you conduct adequate research and learn as much as you can about how to invest in cryptocurrencies.

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People & Lifestyle

#AOTY2023: King Promise vs. Stonebwoy

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The debate over King Promise’s candidacy for Artist of the Year has sparked a lively discussion among social media users, with arguments both for and against his potential win.

Supporters highlight his sold-out shows in Asia and the impact of his music, while critics point to other artists like Stonebwoy and Black Sherif, questioning the fairness of the awards process.

The discussion showcases the diverse opinions and passion surrounding the music industry in Ghana and beyond, with users engaging in playful banter and humorous remarks while presenting their arguments.

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‘Dubai in Accra’ set to thrill Ghanaians on Sunday, April 28

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In the heart of Accra, excitement buzzes as the city eagerly anticipates the grand spectacle known as “Dubai in Accra,” set to take place this Sunday 28th April 2024 at the prestigious Stanbic Heights, Icon House Airport. (more…)

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Celebrating 25 Years: Otumfuo Osei Tutu II’s Reign

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Celebrating 25 Years: Otumfuo Osei Tutu II's Reign

Today marks the 25th anniversary of Otumfuo Osei Tutu II’s reign as the Asantehene, the King of the Ashanti Kingdom.

The celebrations, which began with spectacular fireworks witnessed by Otumfuo himself, will culminate in the Silver Jubilee anniversary on Akwasidaekese on June 12 at Dwabrem, Manhyia Palace.

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This milestone is a testament to Otumfuo’s impactful leadership, dedication to the Asante people, and contributions to education and research as the Chancellor of KNUST.

The event is being celebrated across Ghana, with well-wishes and congratulations pouring in from various quarters, highlighting the significance of this occasion for Asanteman and Ghana as a whole.

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Mr. Beast in Ghana: Surprising Visit Sparks Excitement

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Mr. Beast

World-renowned YouTuber Mr. Beast, known for his philanthropic acts, has been spotted in Ghana, specifically in Accra and Tema, sparking excitement among locals.

His visit has led to discussions about his choice of Ghana over other African countries, with some suggesting that the country’s popularity as a tourist destination played a role.

Mr. Beast’s presence in Ghana is part of his global outreach, as he recently gifted a Ghanaian $25,000 as part of his X (Twitter) giveaway.

Read Also: Producers of 'Beast of No Nation' return to filming in Ghana, causing upset in parliament

The YouTuber has been seen exploring the country and interacting with locals, with many expressing their desire to meet him and participate in his charitable endeavors.

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Stephen Appiah to contest John Dumelo and Lydia Alhassan in MP race for Ayawaso West Wuogon

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Stephen Appiah to contest John Dumelo and Lydia Alhassan

Former Black Stars captain Stephen Appiah is set to enter the political fray by rubbing shoulders with notable personalities in the upcoming general elections.

The former Juventus midfielder is believed to be lacing his boots to face the likes of John Dumelo and the incumbent member of Parliament for the Ayawaso West Wuogon Constituency Lydia Alhassan.

While Dumelo and Alhassan represents the NDC and NPP respectively, Appiah is expected feature in the elections as an independent candidate.

This was revealed by the Spokesperson of the Ayew family Fiifi Tackie via X on Friday afternoon.

“Stephen Appiah to contest Ayawaso West Wuogon constituency as an independent Parliamentary candidate,” he wrote.

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If Stephen Appiah affirms the reported news, he will be following in the footsteps of other renowned figures in Ghana football who have indulged in politics recently.

Earlier this year, all-time top scorer of the Black Stars Asamoah Gyan was appointed as the sub-committee chair of Youth and Sports in the campaign committee of Dr Bawumia, the flagbearer of the ruling New Patriotic Party.

In acceptance of the appointment, Gyan emphasised the need to share hos ideas garnered through experience in the game.

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‘I have enough experience to contribute to sports – Asamoah Gyan reacts to political appointment
“I always ask myself, how do we create change if we don’t want to change? How do we spectate without being on the bench, and how do we score without being on the field?… All I know and will ever know, all I love and will ever love is SPORTS.” he stated.

Another figure in Ghana football who recently announced his intention to engage in partisan politics is Kwesi Nyantakyi, former Ghana Football Association (GFA).

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The former football administrator showed up as one of the candidates to contest in the NPP primaries for the Ejisu constituency following the demise of incumbent John Kumah.

However, it didn’t pan out well for the former Wa All Stars owner as he lost disappointingly.

He garnered a paltry 35 votes after close to 1,081 delegates had cast their votes in the parliamentary primary of the New Patriotic Party (NPP) held in the Ejisu Constituency on April 13.

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Rebecca Osam: A Champion for Women’s Empowerment in Africa

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In a heartfelt social media post, Rebecca Osam, Managing Director of Reflo Company Limited, Reflo’s TV, and Femme Fatale Productions Limited, has pledged her full commitment to empowering young women.

Rebecca expressed her desire to move beyond mere inspiration and instead build a deeper connection with young women, offering guidance and support to help them achieve their goals.

Her passion for women’s empowerment stems from her experiences growing up in Africa, where she witnessed firsthand the oppression and lack of opportunities faced by women. This drove her to co-found The Florence Mensah Foundation with her mother, aiming to empower African women and girls, and encourage them to recognise their worth, strength, and potential.

Through her foundation and personal endeavors, Rebecca seeks to provide a supportive platform for young women to thrive. She aims to be a relatable figure, offering mentorship and encouragement to help them overcome challenges and achieve success on their own terms.

Rebecca’s dedication to empowering young women proves her leadership and commitment to creating positive change in her community. Her efforts serve as an inspiration to others, highlighting the impact one person can have in driving gender equality and women’s empowerment.

As Rebecca continues her work, her message resonates with young women across Africa: “Anything is possible, and I am here to support and cheer you on every step of the way.”

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