Crypto Market Forecasts 2024
We have collected expert opinions on forecasts for 2024-2025. We will share it with you.

1. Stricter regulation of cryptocurrencies and exchangesIn recent years, a big breakthrough has been made in the regulation of the crypto sphere in many countries. However, most goverments are still in the research and testing stage. The regulatory changes of the crypto market will be a turning point in the history of crypto adoption.

2. Tokenization of assetsThanks to blockchain technology, real assets become digital. Tokens can represent all types of assets, such as real estate, art, bonds, intellectual property, and more. Tokenization provides automation of certain actions: transparency of traceability, the possibility of shared ownership and increased liquidity. And these are just some of the advantages.

3. DeFi trendsDeFi is one of the biggest innovations in the field of cryptocurrencies. Experts advise to keep an eye on two trends in the near future. One of them is liquid staking protocols. Choose LP pools that offer reliable rewards. Another trend is cross chain bridging to ensure the interaction and transfer of assets between different blockchain networks.

How will PLEX be used in the new CrossFi Chain?
We are preparing to move PLEX to the new CrossFi Chain. Let's tell you the details.

How will PLEX be used in the new CrossFi Chain network?PLEX will be a utility token in the DeFi xAPP application. You will be able to trade it, become its liquidity provider and earn on trading commissions, issue an algorithmic xUSD stablecoin:

1. The issue of the algorithmic xUSD stablecoinYou will be able to borrow PLEX and issue xUSD, an algorithmic stablecoin with basic support for linking the USD 1 to 1 exchange rate at 300%.

For all liquidity pools in xAPP, xUSD is needed, and its release is carried out only at the borrowing of PLEX or XFI collateral.

2. Exchange PLEXIn xAPP, the pairs PLEX/USDT, PLEX/xUSD, PLEX/XFI, PLEX/eMPX are already in the test.

3. Become a liquidity provider in xAPPIssue XUSD and become a liquidity provider paired with the PLEX token and other available assets. Send the received lp token to staking and earn on trading commissions and additional rewards from the CrossFI Foundation.

What should I do now with PLEX?❗️Right now, you need to link your wallet to your mail in your MinePlex Personal Account. This is a prerequisite for further relocation. The linking function is already available.
Important: only one wallet should be linked to one email. Therefore, if you have several wallets, we recommend that you collect all MINE and PLEX into one wallet and link it to the mail. Read more here: https://t.me/mineplex_news/1015

After the withdrawal of the main amount of PLEX, the MinePlex blockchain will be stopped. However, we will leave the master node running to enable absolutely all users to link the wallet to the mail and withdraw the PLEX. Everyone will have time to transfer PLEX to the CrossFi Chain.

We will post all further instructions on moving PLEX.
Stay tuned! Thank you for being with us!

News about the PLEX moving. What needs to be done now

PLEX will be moving to the new network CrossFi Chain. Let's tell you what you need to do to move your PLEX right now.

How will PLEX moving happen?
When the mainnet EVM of the CrossFi Chain is launched, we will begin moving PLEX. This will happen as follows:
1. We will see the MINE balance of each user.
2. Convert all current MINE to PLEX at the rate of 15,000 MINE = 1 PLEX.
3. Calculate how much PLEX would be mining in the remaining time.
4. We will withdraw 10% for pools that work all this time in the MinePlex blockchain.
5. Calculate the total PLEX balance and add it to your wallet.

Next, a button will appear in your personal account with the ability to bring PLEX to the mainnet CrossFi Chain. To do this, you will need to create a wallet in the XFI Console. This is done in two clicks, we will tell you more about it later.

What should I do now with PLEX?
❗️Right now, in your Personal Account MinePlex, you need to link your wallet to the mail. This is a prerequisite for further PLEX moving. This function is already available.
Important: only one wallet should be linked to one email.

If you have several wallets, we recommend that you collect all MINE and PLEX into one wallet and link it to the mail.

If you do not have a MinePlex personal account:
- register on the website mineplex.io (check that this is the official website),
- use your personal account to log in to your wallet using the seed phrase,
- link your wallet to the e-mail.

That's all that needs to be done at the moment. We will issue detailed instructions for further actions. Follow the news in the channel!

How will PLEX be used in the CrossFi Chain?
PLEX will be a utility token in the DeFi application xAPP. You will be able to trade PLEX, refill liquidity pools, issue xUSD stablecoin, receive lp tokens and earn commissions.
We will tell you more about all the functions of PLEX in the new network in the following posts. Stay turned!

We thank you for your support! We continue to work together!

TOP questions about moving PLEX
PLEX is expected to move in the new blockchain in the summer of 2024. Here answers the main questions about this.

When will the move take place?We continue to publicly test the EVM part of the CrossFI Chain. The launch of the main network will take place in the summer. After that, we will begin the process of moving PLEX.

I have MINE and PLEX in my wallet, what should I do?There is nothing to do. PLEX continues to be mined. When the move takes place, we will publish detailed instructions on the next steps.

How much PLEX will I get after moving to a new network?The number of PLEX consists of 3 indicators:
1. PLEX balance on the wallet
2. The MINE balance on the wallet will be converted to PLEX at the rate of 15,000 MINE = 1 PLEX.
3. Depending on the amount of MINE in the wallet, it will be calculated how much PLEX you would still have mined before the end of its issue. This amount will be credited to the total balance.

The combined balance of PLEX will be transferred to the CrossFi Chain 1 to 1. Without fees or other conditions.

What should I do with PLEX now?1. Hold until the move.
2. Sell on the MEXC exchange for USDT.

Where to use PLEX after moving?The company's goal is to create PLEX utilities, the possibility of its active use. After the move, PLEX will be used in the xAPP - DeFi Cross Finance application. The application will allow you to manage and exchange tokens between networks, create liquidity pools, receive commissions from trading operations and earn money. xAPP will have the possibility of decentralized PLEX exchange.

We thank you for your support and patience. Stay in touch!

Where are stablecoins popular?
Stablecoins provide efficiency, security and transparency. They are usually pegged to USD in a ratio of 1:1. In which countries are they popular?

How are they used?Stablecoins are an important solution for residents of countries facing currency volatility, allowing them to store savings and use them for trading. Many are also intrigued by the potential of stablecoins to expand access to financial services for the part of the population that does not have banking services. In recent months, the volume of stablecoin transactions has amounted to more than half of the total volume of cryptocurrency transactions.

Where are they used?Stablecoins are becoming a real global asset. Turkey, Thailand and Brazil are the leaders in buying stablecoins. The international interest reflects the widespread and growing dependence on USDT in various regions of the world. It is noteworthy that countries that have faced volatility and devaluation of local currencies, such as Turkey and Georgia, are widely represented in the field of USDT purchases. Residents of these countries choose stablecoins to save their savings when the local currency loses value.

Stablecoins provide access to basic financial services and allow people to participate in economic life, especially residents of regions with economic instability and devaluation of the local currency.

How much did investors earn in 2023?
We have already found out that 2023 was the year of the recovery of the cryptocurrency markets. How well were investors doing?

Total profitIn 2023, all crypto investors made a total profit of $37.6 billion. The increase compared to last year in 2023 was due, among other things, to a lower conversion of crypto assets into cash. Investors expected prices to rise even higher.

Which country has the most profit?In 2023, US investors led the way in terms of profits from cryptocurrencies by a wide margin. Revenue amounted to $9.36 billion. The UK took second place with an estimated profit from the cryptocurrency of $ 1.39 billion. Vietnam is in third place.

Why do low-income countries make high profits?The top 6 countries with the highest profits include several countries with lower-than-average incomes: Vietnam, China, Indonesia and India. They have achieved an estimated profit of over $1 billion. The main reason for sustainability, despite the bear market of 2023, was the active introduction of cryptocurrencies in these countries. Using cryptocurrency is one of the alternative ways to save money in an inflationary environment. However, the main advantage of cryptocurrencies is access to financial instruments in low-income developing countries, where banking services are not available to the population.

All the details: https://www.chainalysis.com/blog/cryptocurrency-gains-by-country-2023/

Bank 2030. The transformation of banking
Deloitte has published a large study on the future of banking. How will the traditional business model change, and what will help banks survive the transformation? We have identified three main trends.

1. New technologiesTechnology is changing banking and the financial capital markets industry. Blockchain, Artificial Intelligence and automation have led to innovation throughout the business and will continue to do so. Companies are forced to develop and implement these technologies in order to keep up with competitors and maintain market positions.

2. New financial servicesThe ecosystem of financial services is expanding. Fintech companies are entering the market, which are updating the range of services for users. Large financial organizations and banks are coming to understand the need to develop this service sector. The importance of a sound ecosystem strategy and effective coordination will be crucial.

3. New security systemFinancial crimes are evolving as criminals master new and innovative ways. Cybersecurity comes first to protect customer funds. Financial institutions need to use advanced technology to effectively detect fraud.