His forecasts have been accurate 90–95% of the time, and his “Gameplan” segment became so precise that people thought he was a market maker. In this article, we’ll break down the fundamental principles of understanding market cycles — principles that allow professional traders to make millions while most market participants take losses.

Fundamental Truth: Everything is Cyclical

“Markets can change, technologies can be created, but human psychology always remains the same — just as it was 200 years ago, so it is today.”

Historical Proof: There is a book whose author, 200–300 years before our era, predicted every major economic crisis almost to the exact year — including 2008 and 2020. How is that possible? Because everything is cyclical.

The Nature of Cyclicality

Cyclicality exists everywhere — in nature and in human behavior:

• In nature: water droplets, snowflakes, leaves — all have a fractal structure

   

• In economics: booms and busts repeat with mathematical precision

   

• In psychology: mass emotions follow predictable patterns

   

Key Principle: The market doesn’t move chaotically. It is always in either a global or a local cycle — but cycles are always present.

Market Psychology: The Driving Force Behind All Cycles

Rufat Abilov builds his analysis on three pillars:

1. Psychological analysis of market participants’ behavior

    

2. Technical analysis of charts and patterns

    

3. Fundamental analysis of on-chain metrics and actions of major players

    

How Crowd Psychology Works

Emotional stages of the cycle:

1. Despair — mass selling at the bottom

    

2. Hope — first signs of recovery

    

3. Optimism — growing confidence in the uptrend

    

4. Euphoria — buying at the peak

    

5. Panic — crash and the start of a new cycle

    

Example from the current market:

“If you were bullish but today you’re panicking over a market drop, you were never truly bullish — you just came here for quick money.”

The Biggest Misconceptions Among Market Participants

Misconception #1: “Altseason is the start of a bull market.”

Reality: Altseason is the final stage of a bull market.

• Altcoin growth takes up only 5–10% of the entire bull market’s duration

   

• It’s the last phase before the crash

   

• In financial history, the rise of “junk” assets has always signaled an impending meltdown

   

Analogy: Just like in the stock, mortgage, or real estate markets — a surge in questionable assets signals that a crash is near.

Misconception #2: “There won’t be growth because everyone would get rich.”

Logical Error: By that logic, the market should fall forever.

Why growth is possible even when it’s expected:

1. Freebet effect: Manipulators can afford to hand out some money as bait

    

2. Short sellers: There will always be traders aggressively shorting during rallies

    

3. Exhaustion: Many will exit on the first pump, only to return at the top

    

4. Newcomers: Fresh capital flows in as the market rises

    

5. Greed psychology: 95% of people holding big gains will never exit the market

    

Misconception #3: “Everyone is expecting growth, so it won’t happen.”

Counterargument: Over the past year, “everyone” can safely be cut in half — far too many traders have been liquidated.

Current market state:

• The remaining participants dream not of massive gains, but of simply breaking even

   

• Those heavily underwater just hope to recover part of their capital

   

• Only the most resilient players are still in the market

   

Manipulator’s strategy: The only way to shake out the strong is with a “carrot” (growth) — the “stick” has already removed the weak.

How Big Players Operate

The challenge for large capital: It’s not selling — it’s buying assets quietly. The algorithm:

1. Accumulate at bottom prices during peak fear

    

2. Pump the main asset (Bitcoin)

    

3. Rotate capital into altcoins to create FOMO

    

4. Distribute holdings during crowd euphoria

Current On-Chain Data:

• Bitcoin dominance is at its peak — a classic signal

   

• Altcoins at bottom levels are being bought up massively

   

• Large wallets show active accumulation

   

• $1.5 billion in liquidations in just two days

   

Rufat Abilov: “Alts are being accumulated by major players. They have real fundamental metrics — not fairy tales, but numbers. They are being genuinely bought and stored.”

Rufat Abilov’s Unique Methodology

A comprehensive approach to analysis:

1. Cycle Analysis: Understanding both global and local market phases

    

2. Psychological Analysis: Studying crowd sentiment and behavior

    

3. Whale Analysis: Tracking the movements of large capital

    

4. Fundamental Analysis: Evaluating projects as actual businesses

    

Positioning Principles

Capital Allocation:

• 90% of the portfolio — spot positions in quality assets

   

• 5–10% of the portfolio — futures trading with strict risk management

   

Investment Philosophy: “My goal is to be in the same boat as the big players by analyzing and understanding where manipulation may occur.”

Methodology Results

Public Achievements:

• FTT — 4–5x growth from the entry point

   

• SUI — bought at $0.40 (current price significantly higher)

   

• TON — entry at $1.50

   

• PEPE — bought almost at the bottom, with 15–20x growth

   

Overall Results: Grew a $500 deposit to $5,000 in two weeks publicly.

Current Challenges and Opportunities

Market Conditions (2025):

Negative factors:

• Mass liquidations and capitulation

   

• Bitcoin dominance at record highs

   

• Overall fear and uncertainty

   

Positive signals:

• Altcoin accumulation by large players

   

• Classic bottom sentiment

   

• Historical analogies pointing to a reversal

   

Forecast and Strategy

Expectations: Altseason is inevitable as part of the natural capital rotation.

Timeframe: The question isn’t “if” but “when” — in a month or in six months.

Recommendations:

• Buy quality assets at bottom levels

   

• Be patient until Bitcoin dominance reverses

   

• Be ready for volatility and psychological pressure

   

Practical Lessons for Investors

How to Properly Analyze Cycles:

1. Study history: Every cycle repeats the previous ones with slight variations

    

2. Watch psychology: Mass emotions are the best indicator of the cycle stage

    

3. Analyze on-chain metrics: The actions of large wallets matter more than the news

    

4. Think long-term: Short-term volatility is just noise

    

Key Principles of Success:

• Patience: “In this market, only those who aren’t too greedy and can remain patient will profit.”

   

• Discipline: Sticking to the plan regardless of emotions or external pressure

   

• Education: Constantly learning about the market, psychology, and new analytical methods

   

• Risk Management: Never risking your entire deposit

   

Conclusion: The Mastery of Predicting Cycles

Rufat Abilov’s ability to forecast market movements is not based on magic or luck, but on a deep understanding of the fundamental laws of financial markets. The cyclical nature of markets, crowd psychology, and the actions of large players — these three elements create predictable patterns.

The main lesson: Successful traders and investors don’t try to predict every market move. They understand the stages of cycles and position themselves according to long-term trends.

For modern investors, this means the need to:

• Study historical cycles and their patterns

   

• Develop an understanding of mass psychology

   

• Monitor the actions of institutional players

   

• Maintain discipline under extreme volatility

   

As Rufat himself said: “Six years in the market, and every time the big players do the exact same thing — yet people keep falling for it. Huge green candles are ahead, but you’re not ready for them.”

Time will tell how accurate his current forecasts will be — but his track record speaks for itself.

Rufat Abilov is a professional trader and investor with 6 years of experience in the cryptocurrency market. He is the founder of a private investment club, the author of numerous accurate forecasts, and has earned millions of dollars trading cryptocurrencies. He specializes in market psychology analysis and understanding the behavior of major players.

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1. AI and Blockchain Convergence: Schwartz predicts that by 2024, the amalgamation of AI and blockchain will be transformative for cybersecurity and financial services. He also says that AI’s role in ensuring blockchain security will be pivotal, enabling precise market insights and automating trading processes. He highlights the use of AI chatbots, like those on the XRP Ledger (XRPL), as tools to simplify development, thereby promoting global innovation and financial inclusion.

2. Real World Asset (RWA) Tokenization: Schwartz thinks that the tokenization of RWAs, particularly in real estate and commodities, is going to drive the blockchain economy significantly. Schwartz foresees tokenized RWAs on the XRPL enhancing collateralized loans, improving interoperability, and attracting institutional adoption. Furthermore, he anticipates this shift to reshape the financial sector, with XRPL positioned as a leading blockchain for these use cases.

3. Decentralized Identity (DID) Adoption: Schwartz envisions a revolution in privacy on the blockchain through the adoption of DIDs. Decentralized Exchanges (DEXes), empowered by DIDs, are expected to see increased institutional volume, which will contribute to growth and liquidity in decentralized finance. According to the Ripple CTO, the proposed XLS-40 amendment, introducing DID capabilities to the XRPL, marks a new era in privacy, security, and financial innovation.

4. Interoperability and Smart Contracts: By 2024, blockchain interoperability is predicted to break down silos, creating a unified and efficient ecosystem. Protocols like the Cross-Chain bridge amendment for the XRPL will spur innovation, fostering new DeFi applications. He expects this development to drive mainstream adoption, unlocking the full potential of blockchain across various industries.

5. Stablecoins in Global Finance: Schwartz believes that stablecoins will reshape global finance by creating new foreign exchange corridors and reducing dependence on the USD. He predicts the Middle East will lead in stablecoin adoption for regional trades. He also mentions that financial institutions standardizing integration with blockchains will pave the way for stablecoins to become a universal tool, streamlining international transactions and unlocking new economic potential.

On 19 December 2023, Monica Long, President of Ripple, provided her crypto predictions for 2024.

Long predicts an end to the crypto industry’s speculative hype cycles, characterized by extreme fluctuations. She anticipates this shift will pave the way for a new ‘crypto summer.’ Her focus is on building a foundation for cryptocurrencies to have real-world utility, addressing challenges in compliance, usability, and integration with existing financial systems.

A key breakthrough for 2024, according to Long, will be in decentralized finance (DeFi) compliance, indicating a move towards more regulated and secure DeFi environments. She views the current market downturn, or ‘crypto winter,’ as an opportunity for developers to solve real-world problems using blockchain technology.

Long emphasizes the need for the crypto industry to prioritize compliance and transparency in 2024 to regain trust. This includes developing compliance tools within a decentralized framework. She also notes the growing trend of traditional financial giants like Fidelity, BlackRock, PayPal, and Visa partnering with crypto-native companies, foreseeing a collaborative relationship where blockchain augments traditional banking.

Highlighting the benefits of blockchain for instant cross-border payments, Long sees this as advantageous for both merchants and consumers. She stresses the importance of user-friendly crypto solutions that don’t require extensive crypto knowledge from users.

Finally, Long recognizes the mainstream recognition of cryptocurrency but believes 2024 could be a pivotal year for institutional adoption, especially if the industry continues to prioritize a compliance-first approach.

Source: Read Full Article

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Deaton highlighted the conflicting views within regulatory bodies, with the CFTC chair calling most cryptos commodities and SEC Chair Gary Gensler deeming everything as securities, even non-financial items.

Switching to the SEC vs. Ripple case, Deaton discussed the recent development where charges against Ripple executives were dropped. Currently, in the penalty phase, he explained that the judge deemed some XRP transactions non-securities, particularly those involving contracts with institutions.

When asked about ‘any fees reimbursement of their legal fees from the SEC,’ Deaton said, “No. The judge found that Ripple violated the law. She applied a 1946 case, stating, ‘Technically, that doesn’t mean she wants to punish Ripple.’ The loser doesn’t have to pay the winner’s fees in our system. Unlike overseas, where the winner gets the other’s attorney’s fees, we don’t do that in America because it would discourage lawsuits.”

Looking ahead, Deaton predicted the SEC to include all sales in penalties, while Ripple argues for exclusions based on factors like utility transactions and exemptions for accredited investors. The judge will decide the final remedy.

On international sales, Deaton clarified that the SEC’s authority is limited to the U.S., citing the Morrison case. He explained that Ripple’s global XRP sales fall outside the SEC’s jurisdiction. Discussing a potential 2024 conclusion, Deaton mentioned the right to appeal for both parties. He expressed confidence in the judge’s decision standing, saying an appeal wouldn’t change the outcome.

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Amidst the crypto market’s recent bullish streak, the estimated value of claims tied to the defunct cryptocurrency platform, FTX, has witnessed a striking surge. Investors are now more hopeful, seeing a promising uptick in potential returns from their FTX holdings.

A Leap in Claim Valuations

Cherokee Acquisition, a firm specializing in trading claims from bankrupt entities, reports a noteworthy uptick in FTX-related claims. Previously hovering between $0.50 and $0.53 in late October, these claims have now escalated, ranging from $0.57 to $0.73. This remarkable rise underscores a rejuvenated confidence among stakeholders tied to FTX.

What’s Driving the Surge?

The boost in claim prices can be attributed to several catalysts. Firstly, FTX’s strategic investment in Anthropic, an artificial intelligence startup backed by tech titans like Google and Amazon, has undoubtedly bolstered confidence.

Furthermore, FTX’s hefty stake in Solana, a cryptocurrency that has skyrocketed by an impressive 700% this year, has doubled its value post-FTX’s bankruptcy, further amplifying the claims’ worth.

Turning the Page: Settlement on the Horizon?

Adding to the optimism is the recent announcement of a proposed settlement between FTX Trading, its affiliated debtors, and the liquidators overseeing their Bahamian branch, FTX Digital Markets. This impending resolution, pending approvals from U.S. and Bahamian courts, outlines a cohesive strategy for asset distribution. It also promises a fair resolution for FTX.com customers across both regions.

The settlement emphasizes financial neutrality, ensuring an unbiased outcome for claimants. Additionally, it fosters a consensus-driven approach to asset valuation, streamlining the proceedings and minimizing potential discrepancies.

All in all…

Despite the tumultuous aftermath of FTX’s downfall, the resurgent crypto market offers a beacon of hope, illuminating brighter prospects for FTX’s concerned stakeholders.

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Settlement Between Binance And CFTC Approved

A federal judge has approved the previously announced multi-billion-dollar settlement between Binance and the CFTC.

According to a Dec.18 press release from the CFTC, the U.S. District Court for the Northern District of Illinois approved the settlement, which requires Binance to pay a $1.35 billion fine to the CFTC, as well as disgorge a further $1.35 billion in “ill-gotten transaction fees”. Zhao will have to pay $150 million, with a third of that to be handed over in the next 30 days.

CFTZ stated that Binance, under CZ’s direction, “actively solicited” U.S.-based customers and helped them dodge compliance controls by concealing their presence on the trading platform.

As part of the settlement, both CZ and Binance have agreed to take additional steps to ensure Know Your Customer procedures are followed on the exchange, as well as requiring the world’s largest crypto exchange by trading volumes to put in place a formal corporate governance structure that includes a board of directors with independent members, a compliance committee and an audit committee.

Binance’s settlement with the CFTC marks the conclusion of a months-long case against CZ and Binance. Zhao and his exchange were taken to court by the CFTC earlier this year for knowingly evading U.S. federal law and operating an unregistered derivatives exchange. 

On Nov.21, Zhao pleaded guilty to Anti-Money Laundering violations. CZ also agreed to resign from his role as the head of Binance as part of a broader settlement with the U.S. Department of Justice, the Treasury Department, and the CFTC. Nonetheless, the exchange still has a pending lawsuit with the U.S. Securities and Exchange Commission, which charged Binance, Binance.US, and CZ for securities law violations back in June.

Zhao is currently residing in the U.S. as he awaits his sentencing ruling in February 2024 after District Judge Richard Jones ordered him to remain in the country as he was a flight risk. The crypto billionaire faces an 18-month jail sentence.

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Dark Defender took to his platform, X, to share a compelling analysis, predicting a mammoth surge that could see XRP reach $18. The analyst highlighted the significance of the $0.6 price level, emphasizing its crucial role in determining an upward trend for XRP.

Examining the monthly chart, Dark Defender noted that XRP currently stands above the $0.6 level, setting the stage for a potential move toward $1. Targets of $0.88 and $1.05 were deemed “achievable shortly” based on his analysis.

The bullish momentum, however, faces hurdles, with Dark Defender identifying a strong resistance at $1.08. Breaking past this resistance, he exclaimed, would be a game-changer, leading to what he described as a “Kaboom” moment. The analyst projected a potential climb to $18.22 in the short mid-term, anticipating a challenging journey with resistance at $1.08.

Will XRP Sustain Confidence Amidst Growing Community Frustration?

Despite the optimistic outlook, a growing frustration within the XRP community is evident. Influencer Chloe expressed discontent with XRP’s price decline, stating she had “sold it all” in a recent post. Legal expert Bill Morgan also questioned XRP’s underperformance despite regulatory clarity, emphasizing the need for a better explanation.

The XRP price currently hovers at $0.61, facing a bearish engulfing candle on the daily chart. However, a long wick keeps hopes alive for a potential reversal in the coming days or hours.

As XRP attempts a recovery, challenges lie ahead. A failure to rechallenge the $0.70 mark and the formation of a lower high suggest a precarious situation. The altcoin’s fate remains uncertain, with market conditions playing a crucial role in determining whether it can sustain confidence in a bullish breakout.

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Montenegro Appeals Court Cancels Do Kwon’s Extradition Approval 

The Montenegro Appeals Court has annulled the decision of the High Court of Podgorica approving the extradition of fallen crypto star Do Kwon.

Per the Dec. 19 official statement, the Appellate Court highlighted some issues in the legal process, specifically the lack of clear reasons and facts in the decision by the High Court.

The Podgorica High Court in November 2023 determined that the legal requirements for Kwon’s extradition to the U.S. or South Korea were met, leaving the final decision to Montenegro’s Justice Minister Andrej Milovic. Tuesday’s ruling indicates that Kwon’s defense has successfully appealed that decision.

The Appellate Court nullified the extradition decision because the investigating judge failed to notify Do Kwon of the reasons and evidence for the U.S. request and allow him to present his defense as required by law. The apex court has ordered the case to be returned to the Podgorica Basic Court for a retrial.

Do Kwon is currently serving a four-month sentence in Montenegro for document forgery. The disgraced crypto mogul is facing charges in his home country and the U.S. for his alleged involvement in the collapse of Terra’s algorithmic stablecoin TerraUSD (UST) and the platform’s native asset LUNA in May 2022. The U.S. Securities and Exchange Commission (SEC) has accused Kwon of orchestrating a fraudulent scheme that wiped out over $40 billion off the crypto market in a matter of days.

As previously reported by ZyCrypto, there were rumors that Montenegro planned to extradite the former Terra CEO to the U.S. The report cited unnamed individuals familiar with discussions had by Minister Milovic.

Bloomberg reported last week that Kwon’s detention in Montenegro was extended at the request of South Korea and the U.S. after his attorneys filed an appeal against the extradition ruling. His detention period was scheduled to end on Dec.15 but was pushed to February 15, 2024.

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Investment manager BlackRock and Cathie Wood’s ARK Invest have updated their S-1 registration statements for a spot Bitcoin ETF with the U.S. Securities and Exchange Commission (SEC).

Filed on Dec. 18, the S-1 amendments relate to the cash creation and redemption model for proposed spot Bitcoin ETFs, with BlackRock and ARK accepting the cash redemption system rather than in-kind redemptions, which imply non-monetary payments like BTC.

ARK’s registration statement hinted that its ARK 21Shares Bitcoin ETF would only allow cash creations and redemptions. The document mentioned “potential in-kind creation and redemption of shares,” stating that the ETF may also permit authorized participants to create and redeem shares via in-kind transactions, subject to regulatory approval.

BlackRock subsequently filed a similar update, stressing that in-kind transactions may take place but only subject to regulatory approval.

“These transactions will take place in exchange for cash,” BlackRock’s iShares Bitcoin Trust ETF S-1 amendment reads, adding:

According to Bloomberg ETF analyst Eric Balchunas, ARK and its ETF partner 21Shares did not want to do cash creations and even worked out a creative alternative method to do in-kind redemptions. “So if they surrender, that tells you SEC not budging, the debate is over, which is probably good if you are looking for January approval,” the analyst wrote.

The SEC’s “cash-only” requirement means that the authorized participants (AP) will only be able to obtain more shares of the ETF by bringing the appropriate amount of cash to the table, according to investor and consultant Vance Harwood.

Related: Spot Bitcoin ETF will be ‘bloodbath’ for crypto exchanges, analyst says

“Some funds allow ‘in-kind’ creations too. For in-kind creations, the AP brings the asset that the ETF tracks and exchanges it for ETF shares. Apparently, the SEC is not keen on allowing this for spot Bitcoin ETFs,” Harwood stated. He added that the SEC’s position is “understandable:”

The global ETF provider WisdomTree also filed for an S-1 amendment to its spot Bitcoin ETF, the WisdomTree Bitcoin ETF, on Dec. 18, keeping the in-kind creation and redemption option.

“Authorized participants, acting on the authority of the registered holder of shares, may surrender baskets in exchange for the corresponding amount of Bitcoin or cash,” the registration statement reads, adding that APs may be able to create a basket or redeem through the in-kind option.

Finance lawyer Scott Johnsson predicted in mid-December that ETF applicants would eventually have to bend their knee to using a cash creation and redemption model for their ETF. Previously, ETF applicants Invesco and Galaxy also updated their S-1 registration statements with the “cash-only” model.

Magazine: Lawmakers’ fear and doubt drives proposed crypto regulations in US

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The same feeling was expressed by the Financial Stability Oversight Council (FSOC), which is comprised of top financial regulators and chaired by United States Treasury Secretary Janet Yellen. In its annual report, the organization emphasized that AI carries specific risks, such as cybersecurity and model risks. It suggested that companies and regulators enhance their knowledge and capabilities to monitor AI innovation and usage and identify emerging risks. According to the report, specific AI tools are highly technical and complex, posing challenges for institutions to explain or monitor them effectively. The report warns that companies and regulators may overlook biased or inaccurate results without a comprehensive understanding.

Even judges in the United Kingdom are ruminating on the risks of using AI in their work. Four senior judges in the U.K. have issued judicial guidance for AI, which deals with AI’s “responsible use” in courts and tribunals. The guidance points out potentially useful instances of AI usage, primarily in administrative aspects such as summarizing texts, writing presentations and composing emails. However, most of the guidance cautions judges to avoid consuming false information produced through AI searches and summaries and to be vigilant about anything false being produced by AI in their name. Particularly not recommended is the use of AI for legal research and analysis.

Tether onboards FBI to demonstrate its compliance

Tether, the company behind the stablecoin Tether (USDT), disclosed letters directed to U.S. lawmakers addressing requests for intervention by the Department of Justice (DOJ) about the illicit use of its stablecoin. The letters aim to answer calls from Senator Cynthia Lummis and Representative French Hill from October, urging the DOJ “to carefully evaluate the extent to which Binance and Tether are providing material support and resources to support terrorism.”

Tether stated that it has a Know Your Customer program, a transaction monitoring system and a “proactive approach” to identifying suspicious accounts and activities. In addition, Tether said that clients’ reviews do not end with their registration and claimed it uses surveillance monitoring tools to track client activity continuously. The company also disclosed that it onboarded the Federal Bureau of Investigation (FBI) to its platform as part of collaboration efforts with law enforcement.

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KuCoin will ban New York residents

Crypto exchange KuCoin has agreed to pay $22 million to the State of New York and to bar state residents from using its platform, according to a stipulation and consent order filed in the New York Supreme Court. In addition, KuCoin “admits that it represented itself as an ‘exchange’ and was not registered as an exchange pursuant to the laws of New York State.” The company has agreed to close the accounts of all New York resident users within 120 days and to prevent New York residents from obtaining accounts in the future. In addition, it will restrict access to withdrawals to only within 30 days, leaving the remaining 90 days available for users to withdraw funds. 

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Four crypto crimes listed among the IRS top cases in 2023

The criminal investigation unit of the U.S. Internal Revenue Service has listed four crypto-related cases among the top 10 of its “most prominent and high-profile investigations” in 2023. Four significant cases in 2023 involved the seizure of cryptocurrency, fraudulent practices, money laundering and other schemes. Coming in at its third most high-profile investigation in the past year was OneCoin co-founder Karl Sebastian Greenwood, who was sentenced to 20 years in prison in September for his role in marketing and selling a fraudulent crypto asset.

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In a Dec. 18 publication, the U.K. government announced the Digital Securities Sandbox (DSS) regulations of the 2023 Financial Services and Markets Act, which were laid before Parliament, paving the way for crypto firms to test products and services in the country. According to the government, the regulations will take effect on Jan. 8, with the Bank of England and the U.K. Financial Conduct Authority operating the sandbox.

“The DSS will allow firms and the regulators to test the use of new technology across our financial markets,” said a memo explaining the bill. “In particular, this will involve trialling the use of developing technology (such as distributed ledger technology, or in general technology that facilitates what are commonly referred to as ‘digital assets’) to perform the activities of a central securities depository (specifically notary, settlement and maintenance), and operating a trading venue.”

The sandbox regulations were part of the Financial Services and Markets Act signed into law in June after being introduced in 2022. The bill included guidelines allowing crypto firms to operate in the U.K. under a regulatory framework to promote innovative technologies while protecting consumers.

Related: Majority of UK MPs ‘lack crypto knowledge,’ says industry association

Lawmakers in the U.K. have moved forward with other bills to crack down on illegal uses of digital assets in the country. In October, Parliament passed the Economic Crime and Corporate Transparency Bill — which gave officials the authority to seize crypto — and moved forward with plans to regulate stablecoins.

Other jurisdictions, including Brazil and the European Union, have proposed similar regulatory sandboxes to explore tokenization use cases. In the United States, some officials within financial regulatory bodies like the Securities and Exchange Commission and Commodity Futures Trading Commission have also pushed for such sandboxes.

Magazine: Terrorism & Israel-Gaza war weaponized to destroy crypto

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Szabo’s Investment Strategy

In a tweet dated 18 December 2023, Szabo suggested a proactive approach to investing in cryptocurrencies that are experiencing significant price drops. She mentioned increasing her holdings in ADA and starting a DCA strategy for MATIC.

Additionally, Szabo is keeping an eye on several other cryptocurrencies: $ALGO, $LINK, $GRT, $FIL, $ETH, $RNDR, $XRP, and $ATOM.

Understanding Dollar-Cost Averaging (DCA)

Dollar-Cost Averaging is an investment strategy where an individual invests a fixed amount of money into an asset at regular intervals, regardless of its price. This method reduces the impact of volatility on the overall purchase. The benefits of DCA include lowering the average cost per share of the investment and mitigating the risks associated with market timing. In the context of cryptocurrencies, which are known for their high volatility, DCA can be a particularly effective strategy for managing investment risks and potentially increasing long-term returns.

Focused Investments in ADA and ALGO

Earlier, on 15 December 2023, Szabo disclosed investing $40,000 in ADA at a price of $0.61, following a 5% drop in its value. On the same day, she invested $20,000 in Algorand ($ALGO), citing its 9% decline and future growth potential.

Purchases During Market Dip

On 11 December 2023, Szabo detailed her investment actions during a market dip, where she diversified her portfolio with significant purchases in $LINK, $ETH, $MATIC, $ADA, and $XRP. She also mentioned her long-term holdings in $BTC, $DOT, $VRA, $KAS, and $CAKE, indicating a diversified and strategic approach to her cryptocurrency investments.

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According to a Dec. 18 post by developers, the Zilliqa blockchain faces a “technical issue that has resulted in an interruption to block production.” Blockchain data shows that daily transactions on Zilliqa subsequently plunged by roughly 50% to 30,906, compared to an average of 61,000 in the past few days.

Activity has since paused, with the last transaction occurring at around 11 am UTC, with no new blocks being produced since then. “The team are working hard to recover the network,” wrote Matt Dyer, Zilliqa’s CEO, in a follow-up.

Related: Zilliqa teases Web3 gaming console, Funko teams up with Warner Bros

“This unexpected challenge is our top priority and our technical team is working to identify and resolve the problem,” said developers, warning that all partners should “temporarily halt any deposits or withdrawals on the network” as the issue is being resolved.

However, developers emphasized that “funds are SAFU,” and users can still check their on-chain wallet balance using the Zilliqa block explorer after reports surfaced of users unable to see token balances within their Zilliqa wallet.

“No action is required on users’ ends. Just wait for the network to be restored, and things will be back to normal,” said a community moderator on Zilliqa’s official Discord.

Founded in 2017 in Southeast Asia, Zilliqa launched its mainnet the following year and is dedicated to blockchain scalability and a metaverse venture. The network has processed 61.4 million transactions since its inception. Even before the current network outage, however, Zilliqa’s blockchain saw relatively few transactions per second regarding utilization rate.

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