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What has outperformed Bitcoin?

Crypto has outperformed all other asset classes over recent years but it’s not just a story of Bitcoin’s growth.

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Crypto has outperformed all other asset classes over recent years but it’s not just a story of Bitcoin’s growth. After increasing 100% in 2019 and 300% in 2020, Bitcoin has created more than a few millionaires.

However, there are other cryptocurrencies including Ethereum, Cardano, Polkadot, and Chainlink that have far outperformed an investment in Bitcoin alone over the last 12-months

What’s going on here?

The cryptocurrency market has started in 2021 with strong momentum as corporate and institutional interest accelerate. “The next boom has begun,” according to Forbes and it is easy to see why.

Many big names including Tesla, Facebook, Paypal, Blackrock, Fidelity, JP Morgan, MicroStrategy, Harvard’s endowment fund, and Square as well as well-known billionaire investors Paul Tudor Jones and Stanley Druckenmiller have entered the crypto space driving billions of dollars into the sector.

In fact, the total market value for all cryptocurrencies increased over $1-trillion R15-trillion, which is about 2.5x South Africa’s GDP) over the last 12-months, from $190-billion on January 1st, 2020 to over $1.2-trillion today.

Bitcoin and Ethereum, the largest two cryptocurrencies, make up over 70% of the whole crypto markets’ value and both have repeatedly broken all-time highs. In early February, Bitcoin broke to a new all-time high of $47 066 (around R720 000) per coin, when it was announced that Tesla bought $1.5-billion worth of Bitcoin to hold instead of dollars in its treasury. Ironically, this helped to push Bitcoin’s market value ahead of Tesla’s.

These advances have crowned cryptocurrencies as the best performing investment category of the last decade with a remarkable 46,000% return on investment. This means that an R10 000 investment in the broader crypto market 10 years ago would be worth R4.6-million today.

“We’ve been waiting for institutional players, from payment providers to corporates to hedge funds, enter the crypto space and this is now happening at a rapid pace,” says Sean Sanders, CEO, and founder of crypto investment platform Revix.

Although Bitcoin remains king, Cardano (12 447%), Polkadot (+755%), Chainlink (+697%), and Ethereum (+697%) posted remarkable growth over the last 12-months. This is in part thanks to the rise in decentralised finance (DeFi), which is a subsector of the cryptocurrency industry where entrepreneurs are building semi-automated trading and lending systems atop blockchain networks.

These returns are well ahead of Bitcoin (+311%), traditional assets like gold (up 18%), the JSE Top 40 stock index (+15%), and the S&P 500 stock index (+16%).

The influx of capital into crypto markets comes during a time of extreme and unprecedented economic uncertainty. It marks an important shift in the public’s perception of cryptocurrencies: rather than being seen solely as a speculative asset for those looking for eye-popping returns, cryptocurrencies now maintain a much broader appeal.

Sign-up with Revix and start investing

What does this mean?

Ethereum’s ether token (ETH), hit an all-time high of $1,800 on the 8th of February and has pushed the market value of all the existing ether in the world to about $200-billion. At this level, it’s larger than the U.S. financial giants Wells Fargo ($135-billion) and Citigroup ($132-billion) as well as the 86-year-old Wall Street investment bank Morgan Stanley ($137 -illion).

“The comparison isn’t perfect, since Ethereum works more like a network for companies and developers to build upon rather than the companies themselves. But the exercise does point to the ecosystem’s no-longer-dismissable scale,” explains Sanders.

Why should I care?

“Ethereum has always been the lesser-known rival to Bitcoin for a mainstream audience but increased awareness and understanding of what it can offer creates more awareness causing adoption to accelerate – just like what we’ve seen with Bitcoin,” explains Sanders.

Have I missed out?

Sanders continues, “As with all emerging sectors and technologies, the journey for crypto will continue to have its ups and downs. Price corrections are a natural part of any investment market and are especially natural in the crypto ecosystem.

But one thing is clear: crypto has arrived, and the time to get ahead of crypto’s mainstream breakout is starting to run short. If there’s one thing we can learn from the evolution of the internet and other technologies, it’s that it just takes some time before ideas are turned into actual usable products and crypto seems to be doing just that.”

How can I safely invest?

If you’ve been watching this year’s crypto boom from afar, and want to buy Bitcoin, Ethereum, or a diversified crypto basket, now’s your chance to get started today by signing up for a free account at Revix.

Revix is in the business of making crypto investing secure and effortless. All levels of investors can buy and sell cryptocurrencies with ease on their online platform. Even if you’ve never heard of Bitcoin, you can create an account with no obligations, and learn using Revix’s helpful tools and features. Their desktop and the mobile-friendly website makes it easy for anyone to buy, sell or hold cryptos just like they would stocks.

Revix is backed by Johannesburg Stock Exchange-listed Sabvest and in addition to Bitcoin, Ethereum, users can buy and sell USDC, a stable coin fully backed by the US dollar, a gold crypto token called Pax Gold which is fully backed by physical gold held in London Brinks vaults and 3 ready-made diversified crypto baskets that they call “Bundles”.

Crypto Bundles enable investors to track the broader crypto market performance or a specific sector within the crypto space at a low cost, similar to buying the JSE Top 40 index or S&P 500. Their crypto Bundles are also automatically updated every month so you don’t have to manually buy and sell to stay up to date with the crypto market.

The minimum starting amount for any investment is only R500 so the platform is accessible to everyone. Sign-up is free, there are no monthly fees and their friendly customer support team is there for you every step of the way. You can sell your crypto investment at any time and withdraw your funds: there are no lock-up periods like there are with other investment funds.

Sign-up with Revix for free

There are more and more cryptocurrencies out there, so how do you know which ones to invest in?

“Buying a single cryptocurrency can be easy if you know which one to buy,” says Sean Sanders, founder, and CEO of Revix. “But many people are not confident enough to know which cryptocurrency to back, so buying a Bundle – rather like an ETF or unit trust – takes the guesswork out of it and lets the winners come to you.”

Buying a crypto Bundle rather than a single cryptocurrency makes owning a diversified crypto portfolio more convenient and less risky as you’re not exposed to the price fluctuations of just one crypto asset.

Revix’s crypto products have produced exceptional returns.

Top 10 Bundle

The Top 10 Bundlespreads your investment equally over the 10 largest cryptocurrencies – which covers about 85% of the crypto market when measured by market capitalisation – with each having a 10% weighting. By default, you are buying the 10 biggest success stories in the crypto space. The weightings are adjusted monthly to ensure no crypto exceeds a 10% weighting.

This Bundle includes the top-performing cryptocurrencies: Ethereum, Polkadot, Cardano, and Chainlink which have all significantly outperformed Bitcoin on a relative basis.

Payment Bundle

The Payment Bundle holds the cryptocurrencies which aim to become cash, like rands or dollars. The Bundle provides exposure to the 5 largest payment-focused cryptocurrencies looking to compete with government-issued fiat currencies to make digital payments cheaper, faster, and more global.

These cryptos include Bitcoin (BTC), Litecoin (LTC), Bitcoin Cash (BCH), Stellar (XLM), and Monero (XMR).

Smart Contract Bundle

The Smart Contract Bundle tracks those (change “those” to “the”) cryptocurrencies that aim to offer an open-source, public network without any downtime, fraud, control, or interference from third parties.

Smart Contracts use the blockchain to allow peer-to-peer transactions without the need for third-party verification. This Bundle comprises cryptocurrencies like Ethereum that enable developers to build applications on top of their blockchains, much like how developers build mobile apps on top of the Apple mobile iOS operating system. The cryptos in this Bundle include Ethereum, Cardano, Tron, Neo, and EOS.

Get started with Revix’s Smart Contract Bundle

Low fees

Revix charges no monthly account or subscription fees, but rather a simple 1% transaction fee for both buys and sells and a 0.17% per month rebalancing fee (which amounts to 2.04% a year) on the total Bundle value held (this fee is not levied on single cryptocurrencies like Bitcoin or the Pax Gold token).

As the old proverb goes, “Don’t look for the needle in the haystack. Just buy the haystack.” It seems diversification in the rapidly changing world of crypto maybe even more important than in other markets.

How to sign up to Revix

About Revix

Revix brings simplicity, trust, and great customer service to investing. Its easy-to-use online platform enables anyone to securely own the world’s top investments in just a few clicks.

Revix guides new clients through the sign-up process, to their first deposit and first investment. Once set up, most customers manage their own portfolio, but can access support from the Revix team at any time.

For more information, visit Revix.

This article is intended for informational purposes only. The views expressed are not and should not be construed as investment advice or recommendations. This article is not an offer, nor the solicitation of an offer, to buy or sell any of the assets or securities mentioned herein. You should not invest more than you can afford to lose, and before investing please take into consideration your level of experience and investment objectives, and seek independent financial advice if necessary.

Company Office is a subscription-based press office service.

Revix

Revix

Revix is an intelligent investment management platform which allows anyone, anywhere to create a diversified portfolio or “Bundle” of the world’s top cryptocurrencies. With Revix’s Crypto Bundles, owning more than 80% of the market is possible in just a few clicks – investing in cryptocurrencies has never been so easy!For more information head to www.revix.com.

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Many big names including Tesla, Facebook, Paypal, Blackrock, Fidelity, JP Morgan, MicroStrategy, Harvard’s endowment fund, and Square as well as well-known billionaire investors Paul Tudor Jones and Stanley Druckenmiller have entered the crypto space driving billions of dollars into the sector.

Source: https://ventureburn.com/2021/02/what-has-outperformed-bitcoin/

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West African tech startup launches app in Gabon 

West African tech startup Gozem has announced the launch of ‘Super App’ taxi booking service in Libreville enabling consumers to travel with ease.

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West African tech startup Gozem has announced the launch of ‘Super App’ taxi booking service in Libreville, Gabon.

Gozem launches Super App in Gabon

Cecilia Kouna, Deputy Country Manager of Gozem Gabon comments on the launch of the service in Libreville.

“We’re very excited to start our operations in Gabon with a simplified, safer, and more convenient taxi booking solution. We’re confident that this innovation will create real value for passengers and drivers in the Gabonese market. And very soon afterward, we’ll continue to add value by expanding the range of services Gozem offers in Gabon to include delivery services and more.”

Gozem’s Super App in Libreville

The launch of the taxi booking service will enable Libreville residents to take trips in the capital of the nation by simply downloading the free app which is available on Android and iOS devices.

The launch of the app will not only enable Libreville residents to travel with ease but also provide an opportunity for drivers to secure an income. Functioning similarly to Uber, the Gozem Super App is easy to use and a customer must simply open the app, enter their location, select their desired destination, and request a ride with the nearest Gozem driver being alerted to pick them up.

According to Gozem, at the end of the trip, the app calculates the price based on the distance travelled with the assistance of its built-in GPS technology.

Customers will be able to pay for the rides in cash, Airtel Money, Moov Money, or by credit card.

Raphael Dana, co-founder of Gozem explains that this is the first of many steps for the tech startup in its African expansion.

“We’re proud to offer this high quality, everyday service that responds to the needs of the Gabonese population while continuing to expand Gozem in the region. Our ambition is to consolidate our status as the premier super app in Africa, and this expansion to Central Africa, our first foray outside of West Africa, also allows us to prepare our upcoming expansion to Cameroon.”

(Supplied)Gozem Super App

Gozem launched its Super App in 2020 that offers a suite of services to Sub-saharan Africans. The African tech startup’s suite of services provides access to transport, eCommerce payments, delivery, and financial services for its users. The app is available on Android and iOS.

(Supplied)

Read more: SA software company Dineplan partners with Google
Read more: Applications for Google for Startups Accelerator Programme are open

Featured image: Gozem, Facebook

Source: https://ventureburn.com/2021/05/west-african-tech-startup-launches-app-in-gabon/

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Ajua acquires Kenyan fintech WayaWaya 

Ajua has acquired  WayaWaya, the Kenya-based Artificial Intelligence [AI] and Machine Learning [ML] known for its innovative Janja platform.

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Nairobi-based Ajua, the integrated Customer Experience Management solution for businesses in Africa, has acquired WayaWaya, the Kenya-based Artificial Intelligence [AI] and Machine Learning [ML] known for its innovative Janja platform.

WayaWaya’s innovative platform enables borderless banking and payments across apps and social media platforms for an undisclosed sum.

Ajua acquires WayaWaya to help SMEs improve their customer experience

Kenfield Griffith, founder, and CEO of Ajua comments on the acquisition.

“The acquisition of WayaWaya is an important milestone for us, as we make a significant leap in ensuring the customer experience journey for businesses across the continent is seamless. Integrating WayaWaya’s technology significantly complements our product suite and gives us the ability to automate our clients’ businesses and grow their revenues, which is an extremely powerful proposition for our customers of all sizes, across Africa. From our experience in this area, we understand the CX fundamentals that drive growth for our customers and we want to bring this intelligence to SMEs across the continent.”

By acquiring WayaWaya, Ajua will integrate the Kenyan fintechs’ janja.me product to automate its customer experience journey into its product stack. This patented and unique smart AI and ML product built by WayaWaya will provide SMEs the ability to automate responses.

Businesses will now be able to make use of the intelligent messaging through a number of social platforms such as Facebook messenger, Telegram, WhatsApp, and others. It further enables consumers to conduct cross-border payments and automate customer support.

“The additional reach this acquisition brings allows Ajua to scale significantly within the SME vertical, as we provide our customers today, and in the future, the tools they need to grow in Africa and beyond. We continue to be bullish on the point that customer experience and customer engagement are the engine for growth for businesses across the continent and they are disciplines that are critical factors in driving productivity and revenue growth,” adds Griffith.

Ajua (Supplied)Ajua

Founded in 2012, Ajua is an Integrated Customer Experience platform for businesses on the continent. The innovative company combines both technology and the customer experience. Ajua has created several products that provide real-time customer feedback at the point of service, for small and large businesses across the continent.

Ajua overall aims to digitise and grow African SMEs with its service and product offerings as it uses data and analytics to connect companies with their customers in real-time. This service provides SMEs with the tools to improve their customer knowledge and experience with the overall impact resulting in SMEs increase of sales.

Teddy Ogallo, founder of WayaWaya and new VP of Product APIs and Integrations for Ajua comments on the acquisition.

“Ajua’s focus on introducing and scaling customer service and customer experience for the continent – and essentially how they help businesses deliver excellence for their customers – is something my team and I have long admired. Seeing how WayaWaya’s technology can complement Ajua’s innovative products and services, and help scale and monetize businesses, is an exciting opportunity for us, and we are happy that our teams will be collaborating to build something unique for the continent”.

Read more: West African tech startup launches SaaS solution for African micro retailers
Read more: Flutterwave and Worldpay partner to improve online card payments for eCommerce businesses in SA and Nigeria

Featured image: Ajua (Supplied)

Source: https://ventureburn.com/2021/04/ajua-acquires-kenyan-fintech-wayawaya/

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Liquidations rise by 49% year-on-year SMMEs hit the hardest –

Released on 26 April 2021, the report shows that 216 companies liquidated in March this year, compared to 178 the month before – a 21% jump.

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Despite being over its second wave, the South African economy continues to struggle, brand-new data by Statistics South Africa indicates. Released on 26 April 2021, the report shows that 216 companies liquidated in March this year, compared to 178 the month before – a 21% jump.

This is almost 50% higher than March last year. Business consultants are concerned about smaller businesses, which bear the brunt of the hardship, and have developed some lifelines to help them through

Despite economic improvements, the situation in South Africa remains precarious, StatsSA’s latest Statistics of Liquidations and insolvencies report confirms. The figures have revealed the number of liquidations between March last year and the same month this year jumped by 49%. Compared to the second month of this year, this figure is 21% higher.

All in all, the total number of liquidations increased by 18.9% in the first quarter of 2021 compared with the first quarter of 2020, StatsSA says. Of all sectors, financing, insurance, real estate, business services (77 liquidations), trade, catering, and accommodation (47), and manufacturing (10) are the hardest hit.

Business consultants say the hardship is a direct result of the past year and affects smaller companies the most. “It is not that more companies suddenly found themselves in trouble. Many of the businesses that have folded in March this year, in all likelihood mostly smaller and medium-sized businesses, have struggled for many months before having to close, if not longer,” says Lings Naidoo, co-founder of BeyondCOVID.

Launched last year during the hard lockdown, the BeyondCOVID Business Survey, conducted by specialist management consultancy Redflank, aims to evaluate the impact of the pandemic on SMMEs in particular. “Our research has shown that smaller, micro, and medium-sized businesses, in general, are 26 times more likely to close their doors in times of economic upheaval than their corporate counterparts.”

As such, 26% of SMMEs that participated in the survey had to close during the lockdown, temporarily or permanently, the BeyondCOVID Business Survey shows. In addition, 54% of respondents said they were working below their usual capacity, and a third expressed they needed funding to continue to trade.

BeyondCOVID, as a registered non-profit company, is determined to help businesses cope with whatever is coming their way this year and beyond, over and above, providing them with trends, forecasts, and information they can use to develop survival strategies. The initiative is, for instance, creating an enabling and supportive framework to help SMMEs scale, grow and mitigate obstacles. “We want to be part of the solution by making SMMEs more resilient and less vulnerable to economic shocks, whether it is a pandemic or a global financial crisis,” says Naidoo.

“We plan to do this by using our networks within the private and public sector to leverage funding and investments whilst providing access to resources, services, and technology to make them more robust, sustainable, and bankable.”

Naidoo explains that, so far, BeyondCOVID has engaged with Chambers of Commerce and various other players whilst organising smaller ventures into risk-sharing structures. “These are known as SMME Collectives and are supported by BeyondCOVID’s networks, services, and technological innovations.”

“It is true what they say: safety in numbers, also for businesses,” he adds. “Being part of a bigger organisation that has the means individual smaller companies lack, creates more stability. This is exactly what businesses and South Africa need in uncertain times. Covid-19 will be here to stay for a while. We need to work with, not fight, this reality.”

This article was written by Lings Naidoo, co-founder of BeyondCOVID.

Featured image: Lings Naidoo (Supplied)

Source: https://ventureburn.com/2021/04/liquidations-rise-by-49-year-on-year-smmes-hit-the-hardest/

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