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What are the best altcoins you can buy for under $3? | Find out now on The Market Report

“The Market Report” with Cointelegraph is live right now. On this week’s show, Cointelegraph’s resident experts discuss the best altcoins to buy for under $3. But first, market expert Marcel Pechman carefully examines the Bitcoin (BTC) and Ether (ETH) markets. Are the current market conditions bullish or bearish? What is the outlook for the next few months? Pechman is here to break it down. Next up: the main event. Join Cointelegraph analysts Benton Yaun, Jordan Finneseth and Sam Bourgi as they discuss the best altcoins to buy for under $3. First up, we have Bourgi with his first pick of 1INCH, the governance token of the 1inch decentralized exchange, which aims to offer the best rates by discovering the most efficient swapping routes across all leading DEXs. Second on his list is Enjin Coin (ENJ), which he describes as the plumbing for the metaverse and gaming projects building on the blockchain. Enjin Coin is an Ethereum-based token that aims to make it easy for individuals, business..

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Nearly $13.75M liquidated as WAVES rallies 70% in a day — what’s next?

WAVES price surged by up to 70% on March 29, reaching a new all-time high around $54. Traders betting against the rise of Waves — the native token of the WAVES blockchain network — suffered losses worth millions of dollars as the WAVES/USD pair extended its recovery to a record level in the past 24 hours. The price rebound, which started on Feb. 22 when WAVES price was at $8.25 caused around $13.75 million worth of liquidations due to crypto-based futures on a 24-hour adjusted timeframe, data from Coinglass shows. WAVES liquidations every 12-hours. Source: CoinglassAround $11 million of the total liquidated positions were short. 2.0 hype, Neutrino behind WAVES rallyAs Cointelegraph earlier covered, traders may have jumped into the WAVES market after assessing its three consecutive optimistic updates: the migration to Waves 2.0, the launch of a $150 million fund and the partnership with Allbridge. Edson Ayllon, product manager at dHEDGE — a decentralized asset management platform, told ..

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Kitchen table Bitcoin: How should average investors approach crypto?

Cryptocurrencies have come a long way over the last few years, so much so that their market capitalization is now above the $2 trillion mark, and large businesses including Tesla and MicroStrategy have invested billions in Bitcoin (BTC). While institutional investments in crypto assets have been growing over the last few years, discussion on how retail investors should approach cryptocurrency investments has dominated social media. While some advocate for all-or-nothing bets on small-cap altcoins, more conservative approaches include investing only in Bitcoin or gaining exposure via indexes. Younger generations are more prone to investing in cryptocurrency, with surveys showing that 83% of millennial millionaires now own crypto. But, what about those who aren’t millionaires and are making average salaries? Should cryptocurrencies even be considered at all? Cointelegraph reached out to various experts to find out how they believe someone with an average American salary of between $45,00..

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Blockchain and climate action gets highlighted at MENA Climate Week

MENA Climate Week kicked off on Tuesday with a focus on discussing the use of blockchain technology for bringing transformative climate action to the region. Kristina Cornèr, Cointelegraph’s editor-in-chief, shared her insights in a panel discussion on how the climate action sector can benefit from the crypto and blockchain community. The event, organized by members of the United Nations Framework Convention on Climate Change (UNFCCC) and the UAE Government, aims to explore solutions against existing climate risks. Some of the solutions explored and highlighted by the UNFCCC and Dubai authorities are the implementation of blockchain technology and collaborations between the climate and crypto communities. In a session, Cornèr discussed topics ranging from the media’s role in educating the masses about blockchain to trust and collaboration within blockchain projects and how the climate action community could use the blockchain community’s strengths such as ambition, action and diversity..

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With inflation going through the roof, Sudan’s central bank cautions citizens against using crypto

The Central Bank of Sudan (CBOS) cautioned the country’s citizens against dealing with “all types of cryptocurrencies” due to “the high risks” that they pose. This announcement came as a reaction to the increasing interest in digital assets among the country’s population, which has been facing three-digit inflation rates since the 2021 military coup. On March 27, the Sudan News Agency (SUNA) published a short announcement from the CBOS declaring that due to high risks, which include “financial crimes, electronic piracy and the risk of losing their value,” citizens are not advised to use cryptocurrencies of any sort. The CBOS also cited legal risks, as cryptocurrencies are not classified as money “or even private money and property” under Sudanese law. The Central Bank admitted that it has been noticing an uptick in crypto promotions on social media recently. As Alex Gladstein, chief strategy officer at the Human Rights Foundation, noted in a tweet, a formal ban on crypto might alrea..

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Crypto donation startup launches IRS form as US tax season looms

Engiven, an enterprise cryptocurrency donation platform, is working to simplify tax reporting for cryptocurrency donors and nonprofits by launching a tax form and appraisal service for crypto donations. The Engiven platform now allows nonprofits and donors to automatically generate the Internal Revenue Service (IRS) tax form, the firm announced Tuesday. According to Engiven, nonprofits have to file IRS Form 8282 for crypto donations of $500 or more if donated funds are exchanged for the U.S. dollar, while donors must file Form 8283 with their tax return for donations of $500 and more. The Engiven platform automatically enters the donation data into the IRS tax forms and sends the completed form to the nonprofit to sign and file. Additionally, Engiven will provide a free appraisal to all cryptocurrency donors who give $5,000 or more worth of crypto using its platform. In order to donate crypto worth $5,000 or more, donors are required to have the donated funds appraised by a qualified e..

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NFT adoption: Tokens take the runway at Metaverse Fashion Week

The Metaverse may be an emerging concept, but the impact that virtual game-like worlds can have on the trillion-dollar retail industry was recently demonstrated during Metaverse Fashion Week (MVFW). This entirely virtual experience was held from March 24–27, 2022, in Decentraland, a decentralized virtual social platform on the Ethereum blockchain. The online event attracted more than 70 brands, artists and designers including big names like Tommy Hilfiger, Estée Lauder, Philipp Plein, Selfridges and Dolce & Gabbana. Gigi Graziosi Casimiro, head of Decentraland’s Metaverse Fashion Week, told Cointelegraph that MVFW is a diverse event aiming to connect physical and digital fashion with traditional brands and new creators: “MVFW is important because it connects many parts of a bigger engine in the fashion industry. This event allows brands to explore new possibilities for their creation and communication with customers. We are essentially building a stronger fashion community in Decentra..

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Bitcoin hits 2022 high as analyst gives new $80K BTC price target

Bitcoin (BTC) gave $48,000 a second grilling on March 29 after a modest overnight correction provided a welcome respite from the upside. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTrader has "strong doubts" over crash below $30,000Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it dipped to local lows of $46,900 before returning to crack $48,000 prior to March 29's Wall Street open. The pair maintained support at the yearly open even while consolidating, fueling hopes that the 2022 trading range had been truly broken. Now, while acknowledging the need for a further pullback in an ideal scenario, popular trader Crypto Ed said that the time was right to be "very bullish" on BTC going forward. "Hope for a little bit more down today, but often in these kind of bull markets, it's too much asking for," he said in his latest YouTube update. Zooming out, Ed eyed an ongoing construction in place since the lows of summer last year. While these co..

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