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Decline and primarily depreciation was the story of the Filecoin [FIL] till we hit Q3 of 2023. Interestingly, the decentralized storage network recorded the first positive revenue growth since the HyperDrive upgrade.
Recall that the HyperDrive upgrade took place in the second quarter (Q2) of 2023 to expand the Filecoin storage onboarding. Unfortunately, FIL had not recorded much success in revenue growth until this revelation by Messari, a leading crypto market intelligence provider.
1/ Serving as the decentralized, verifiable, peer-to-peer alternative to Amazon S3’s storage, @Filecoin saw positive growth in Q3.
— Messari (@MessariCrypto) October 14, 2023
Filecoin didn’t witness any traction in Q1 and Q2 of 2023 owing to extreme uncertainty looming around the entire cryptocurrency market. However, as per Filecoin’s latest report, it grew 9% in protocol revenue in Q3. This growth led to an increase of $1.8 million and as such more fees were generated from the token holders’ transactions.
Here’s AMBCrypto’s Price Prediction for Filecoin for 2023-2025
Ahead here; can’t catch a break there
Despite the breakthrough, Filecoin could not get ahead in all ramifications. According to the same report, the Filecoin network could not eliminate the decrease in its supply-side revenue, which went down by 4%.
Additionally, Filecoin seems to have achieved the goals of the upgrade as the storage utilizations grew six times Year-on-Year (YoY). This increase also spread its effect on other parts of the FIL network.
For context, the six-time growth helped Filecoin provide more block rewards for storage providers. In turn, the FIL storage deals increased by 82% as compared to the last quarter.
Per its price, FIL did not seem ready to leave behind the woeful Q3 performance. At press time, the altcoin had shredded 3.39% in the last 24 hours while trading at $5.06. According to CoinMarketCap, there was no contrasting position per its volume, which decreased by 40.56% within the same timeframe.
Will FVM change the momentum?
After the HyperDrive upgrade, Filecoin can look forward to the FVM integration. According to the FIL team, FVM would allow computation and programmability on the Filecoin network. While the FVM testnet is due for November 2023, Santiment revealed that preparation may have begun for the event.
Based on data from the on-chain analytic platforms, FIL’s development activity also witnessed a surge. Despite decreasing to 46.11 on 14 October, it reversed to an increase at press time, with the value at 49.67.
In other respects, FIL registered some high strides on 3 and 12 October per its social dominance. However, interest and discussions around the coin seemed to have dwindled as the social dominance remained at 0.013%.
On the charts, it seemed that FIL was less concerned about breaking out of the bears. But would the upcoming FVM testnet and launch play any role in creating better fortunes?
Per the Exponential Moving Average (EMA), FIL seemed destined for further bearish momentum in the short term. This was because the 50 EMA (yellow) maintained a position above the 20 EMA (blue). Albeit, FIL investors, could find the indications from the 200-week EMA, which showed bullish signs in the long term.
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ETH demand soars on both the spot and derivatives market after a successful upgrade.
Assessing the prospects of a retracement as some ETH whales take profit.
More than 24 hours have passed since the Ethereum [ETH] network successfully deployed the Shanghai upgrade. The hype around the upgrade will rapidly die down but what does this mean for ETH?
Major blockchain networks have historically been characterized by a strong bull run for their native cryptocurrencies. A resurgence of sell pressure tends to follow during or after the upgrade. Will that be the same case for ETH now that the highly anticipated Shanghai upgrade has been launched?
Is your portfolio green? Check out the Ethereum Profit Calculator
📈 #Ethereum $ETH Open Interest in Perpetual Futures Contracts just reached a 2-year high of $1,126,441,832.21 on #Okex
Previous 2-year high of $1,107,993,160.84 was observed on 08 February 2023
— glassnode alerts (@glassnodealerts) April 13, 2023
The bulk of the open interest flooded into the market between 11 and 13 April. This means the demand started flowing in just before the merge. ETH’s funding rate was at its highest level in the last four week at press time.Strong demand fuel’s ETH rally above $2,000
The derivatives demand surge confirmed a clear and strong response from investors. Such an outcome is often characterized by a more price volatility and that has been the case with ETH.
The derivatives market demand coupled with strong spot performance triggered favored ETH bulls because it finally rocketed above the highly coveted $2,000 price level. ETH exchanged hands at $2009 at press time.
Can ETH bulls maintain the momentum and sustain prices above $2,000? If the outcome will be consistent with historic observations, the latest ETH rally will likely be followed by strong sell pressure. Multiple signals already point towards such an outcome. For example, ETH, at the time of writing, was overbought according to the RSI.
ETH exchange flows are the next noteworthy signal courtesy of the recent pivot in flows. It suggested that buying volumes post upgrade might already be slowing down. Despite this, the latest exchange flows revealed that outflows outweighed exchange inflows by a significant margin.An opportunity for short sellers?
Some whales are already selling as indicated by ETH’s supply distribution. Addresses in the 10,000 to 100,000 ETH and 1 million to 10 million range offloaded some ETH in the last 24 hours.
Most of the other whale categories were still buying during the same period. The same accumulating whale categories had a larger share of the circulating supply, thus explaining why the price remained bullish.
How much are 1,10,100 ETHs worth today?
Short sellers might also have a solid chance to secure some gains if more whales start taking profits. A shift in the tide in favor of the bears may trigger a cascading effect. This is because ETH’s latest rally was fueled by leverage.
A price pivot will likely trigger leverage liquidations, forcing long traders to sell to cover losses. While a bearish retracement is on the cards, ETH traders should also watch out for an extended upside courtesy of the influx of market confidence.
As a neuroanatomist at Harvard, I studied how our brain creates our perception of reality. And then one morning, I woke up with a sharp pain directly behind my left eye. In the course of four hours, I lost the ability to walk, talk, read, write, or recall any of my life. I was experiencing a major hemorrhage, bleeding in the left half of my brain, which rendered me an infant in a woman’s body.
The perception of time is, of course, controlled by cells inside our brains. Cells in the left hemisphere allow us to think linearly, to recognize that things happen in a certain order. My stroke completely shut down those cells, leaving me dependent on my right hemisphere, which doesn’t register anything beyond the present. I had no perception of the past or future. What I was seeing and smelling and experiencing at that instant was my entire existence.
It’s hard to put that feeling into words, but consider this situation: Your clothes are in a pile. You use your linear brain—the left half—to figure out what goes on first and what goes on last. You’re going to put on your underwear before you put on your pants. Without that sense of linearity, all you have are the individual pieces. It’s hard to relate to people when you think that way; it’s not good when a storyteller tells you the punchline before the joke.
A couple of weeks after the hemorrhage, surgeons pulled a golf-ball-size blood clot out of my left cerebral cortex. I immediately felt brighter and more present—even with a hole in my head. Brain cells, and a lot of my memories, started to come back online. I began to relearn skills. And I learned to work with time: I had a watch, and I understood the concept. But my experience remained very much in the present moment for a good six years. You could teach me how to put my socks and shoes on, yes. But if you put them down in front of me, I wouldn’t know which to put on first.
Eventually, time came back. Some abilities I had to learn all over again, and some just returned on their own. I remember some things I forgot, but I have no clue what parts of myself I’ve lost forever. I still can’t remember, say, what my 10th birthday cake looked like. Can you?
It takes a whole lotta gray matter.
This is how your brain tells time
This article was originally published in the September/October 2023 Mysteries of Time and Space issue of Popular Science.
An interview with the VP of chúng tôi – a case study of mobile app lead generation
In today’s mobile market, app developers concentrate primarily on making money from in-app purchases. However, there are many other ways to make a profit with an app. At AppInTop mobile app marketing podcast (English, Russian), we talked to Ivan Kozlov, Vice President of Mobile Products at chúng tôi about how to leverage a mobile app as a lead generation tool.A lead gen case study – an airline ticket search app
It doesn’t matter who you buy a ticket from: you will still fly on the same plane, sit in the same seat, get the same service and have the same flight attendants. But the ordering process and related services—SMS notification, exchanging and returning tickets is where ease and convenience come in as differentiators.
The travel agents all have different levels of service, and some don’t provide any at all. When you buy a discount airline ticket it often happens that returning the ticket is a lot harder than buying it, that your money will only be refunded after 30 business days, etc.
Aviasales.ru is a metasearch engine; that is, the company doesn’t sell airline tickets, it just searches for chúng tôi service sits on top of this market and its main purpose is to search for the maximum number of airline tickets at the most attractive prices.How does a mobile app help sell tickets?
A mobile app, unlike a website, allows you to buy tickets in almost any place at any time, for example, when you need one urgently and are on the road.
The numbers speak of the popularity of the Aviasales app. In May 2014 there were around 4 million sessions on three mobile platforms. Roughly 28% of searches are made from mobile devices, 25% of bookings and 21% of all money chúng tôi makes is attributable to this app.
The contribution of mobile traffic to the whole business of chúng tôi is now rather significant, and continues to grow every month.
Conversion from installs to paying users depends heavily on the channel used to attract the traffic. The company draws in traffic from a wide variety of sources, so conversion rates vary widely. If 80% of users who install the app make at least one search, 25% press the ‘Buy; button, and 5-7% actually buy a ticket, this is a good outcome.
Conversion in the app could be higher, but buying tickets from a desktop is still considered more convenient because of the keyboard and large screen. Some people use their smartphone to search for tickets, but complete the purchase on a full-size computer. So the actual conversion rates for the mobile app are in fact somewhat higher.How Aviasales makes money
The business model is chúng tôi Aviasales brings a customer to a partner, and if the customer makes a purchase, the seller pays a fixed commission from his profit. It’s a low margin business, and the profit from a ticket sale is at most 5%. As a rule, the partner gives up about half of this to the service which works out to about 2 to 2.5% of the cost of an airline ticket.
But under this arrangement, the service has no need for logistics, and no legal responsibility to users. Moreover, there’s no need for full-scale customer support, as the partners issue the chúng tôi service occupies the most desirable position in this chain.Marketing strategy
The app has been at the top of the Travel category in the Russian App Store for a long time. Getting there wasn’t a particular goal, but being in that position has been an asset in promoting it.From web to mobile
Aviasales has a strong SEO effort on the web, and around half of its orders are made as a result of search optimization. A strong and recognizable brand does its own work even without promotion in the App Store, the chúng tôi app would still remain in the Top 5 or Top 7 of the Travel category.
At present, conversion rates on the website and in the app are almost identical. Why does it make sense to redirect the audience from the website to the app? Because then the brand becomes much closer to the user: it’s in his pocket and becomes more personal as it can be used almost everywhere and in any situation.
Standard methods are used to attract the audience to the app, including badges and mailings. chúng tôi now has a subscription service and you can subscribe for a particular route or dates, and the service automatically notifies you of changes in price as it integrates into the mobile version.
Creating a lead-generating app without the support of an “older brother” in the form of the website would be difficult, but not impossible. The strong brand helps a lot at the start as it gives a good boost and helps to reduce the cost of installations.Affiliate mobile network
Aviasales.ru runs a partners program, which contributes decent profit. Now this program is being actively developed for the mobile app.
Firstly, the service uses an open API, so practically any developer can create an analogue to chúng tôi using it as its base.
Secondly, not long ago Aviasales released its own SDK, which is a simplified version of the mobile app. So if you have an app which is aimed at an audience which is potentially interested in airline tickets, you can integrate this SDK into it.
If it works for you, you can work with chúng tôi to make money. For example, the service could be integrated into a travel guide to Europe app and offer users the ability to buy tickets to European cities.Can you make money with Android app?
The market for Android apps differs significantly from the market for iOS apps. The lines separating categories are drawn somewhat differently. It’s a little harder to survive in travel, because journeys and navigation are combined into one category, and the top places in it are always held by navigation services—Yandex.Maps, etc.
As for money, the Android market also seriously lags behind iOS platform (it brings in only about one-tenth of the revenue). But on the whole it does produce revenue, and the platform has a future: it continues to grow at a rapid pace.
The number of installs is gradually approaching one million. From the money standpoint, the contribution from iOS is larger. But marketers continue to develop the Android app. Yes, somewhat fewer resources are devoted to it, but the company doesn’t plan to abandon it.Plans for the future
Now one of the main goals for development of the company is entering new markets. It already has a product called JetRadar, which is aimed at Western users and has a somewhat different website, has been localized, and foreign investors were brought in.
But the level of competition there is significantly higher than in Russia, so the service needs to introduce innovative twist to its service that will genuinely interest its potential users. Since it’s much easier to move forward in the Asian market, the company is betting mainly on that region.
The cryptocurrency sector faces an uncertain future. The implosion experienced in the past few months, characterized by double-digit percentage losses, raises serious doubts. Nevertheless, it’s becoming increasingly clear that only projects with proven utility and use cases have what it takes to bounce back once the current dust settles. Filecoin, Cronos, and BudBlockz are some of the tokens worth paying attention to as we head into 2023.BudBlockz Poised for Growth in 2023
BudBlockz might be a new kid on the block, but it is showing tremendous potential as it moves to revolutionize the cannabis sector while leveraging blockchain technology and innovation. The crypto cannabis project has set out to offer a unique transparent e-commerce project that will make it easy for people to trade real and virtual cannabis-related products.
Powered by blockchain technology, the e-commerce platform sets to revolutionize the multi-billion cannabis sector in the early stages of growth. In addition to enhancing the buying and selling of cannabis-related products, the project also plans to offer a unique NFT marketplace that will allow people to trade an array of non-fungible tokens, including the ecosystem’s native Ganja Guruz NFTs.
The proposed BudBlockz NFT marketplace will also enable partial ownership of businesses and tangible real-life assets. Therefore, marijuana enthusiasts should be able to do more than collect and trade unique NFTs.
The future can only be bright for the network’s native token, $BLUNT, poised to power the expansive network. The token will act as a medium of exchange, enabling all the transactions. Given its limited supply, its value is expected to increase significantly as demand in the ecosystem increases.Filecoin 2023 Prediction
Filecoin is another cryptocurrency whose prospects and growth metrics look increasingly bright. The governance coin powers a blockchain-powered platform for storing files and data on users’ free spaces.
While the current data solutions revolve around Google, Amazon, and other tech giants, Filecoin seeks to offer a decentralized way of storing files away from a centralized system. Consequently, Filecoin provides a way for customers with available space to become storage providers and make some money in the process. A client will thus transfer a file or data to a storage miner for a fee.
FIL is the native token that powers the Filecoin ecosystem as a medium of exchange for all transactions. While the coin hit an all-time high in 2023, it has come under pressure amid the broader market correction.
However, the future is looking increasingly bright as people and companies look for alternatives to centralized systems for storing data prone to attacks. By offering a decentralized system that is not in the control of any authority, Filecoin stands to enjoy tremendous growth that should also see the value of the native token increase significantly.Cronos Crypto Adoption Bet
Cronos is another project well-positioned for growth amid the growing crypto adoption. Theproject was launched in 2024, and it seeks to enhance the global adoption of cryptocurrencies by offering a variety of crypto via cards, wallets, and brokerage services.
CRO is the native token that powers the network acting as a medium of exchange. As Cronos moves to serve over a billion Web3 users, CRO demand is expected to increase significantly. Consequently, the value of the underlying token is expected to increase significantly.Bottom Line
Cryptocurrencies short-term outlook is not good as investors flee riskier assets amid the recession. However, BudBlockz, Cronos, and Filecoin’s long-term outlook remain solid amid the growing demand for NFTs, Cannabis products storage services, and the metaverse.Learn more about BudBlockz (BLUNT) at the links below:
blog / Online Learning Predicting the Next Big Thing: 7 Edtech Trends that Will Dominate 2023
The global edtech market was valued at $123.40 billion in 2023 and is expected to grow by 13.6% from 2023 to 2030. So it is safe to say that the edtech industry is growing at a high velocity. As the industry grows quickly and navigates sudden shifts and technological disruptions, it is essential for stakeholders to interpret the needs of the learners. In doing so, they can find innovative solutions to bridge educational gaps and improve learning outcomes. The GSV Emeritus India Summit 2023 was one such mega event that bought all the stakeholders of education technology industry together. As the educational leaders discussed sustainable growth to drive better results in the edtech sphere, we were trendspotting. And we curated the following edtech trends 2023 at the summit that will set the path and pace of the learning market this year.1. Hybrid Education Will be the Next Normal
Before the pandemic, online learning was a mere choice or even a privilege. However, during the pandemic, it became a necessity for students and professionals. As people gradually adapt to the latest technologies, hybrid education will become the next normal. Vivian Wu, Managing Partner, Ventures Chan Zuckerberg Initiative, at the GSV Emeritus India Summit 2023 explained, “Now is the ideal time to bring personalized education with hybrid learning.” She also suggested that integrating technology in education will foster long-term innovation and enhance personalized learning outcomes. This begs the question, is offline education than on its last leg. Abhishek Maheshwari, CEO of Aakash Educational Services, explains this dilemma as he said, “while the difference between offline and online learning is very prominent at the moment, a hybrid model will soon become the norm.” Essentially, both online and offline education, as we know it, will change and converge to attain the best synergies.2. 2023 is the Year of ChatGPT
ChatGPT has taken the world by storm in the last few months. Nearly every industry is trying its hand at ChatGPT to improve its efficiency. The same holds true for the edtech space for personalized learning. Mike Malefakis, President of University Partners at Emeritus predicted, “2023 would be called the year of ChatGPT. Some of the smartest people in the world are already using it, so we embrace it instead of fearing it.” ChatGPT could help school students with reading, writing, basic syntax exercises, and solving mathematics or physics problems. Additionally, it can help improve research skills by providing the latest on research topics. ChatGPT might also help improve critical thinking skills. It could enable learners to analyze and interpret the information presented to the chúng tôi a language learning model, it can be trained to provide domain-specific learning. This includes the development of programming skills, project management, report writing, and problem-solving skills.
ALSO READ: How to Use ChatGPT in Effective Ways for Your Career3. Immersive Tech and AI Will Change the Edtech Landscape
Technologies like AI and immersive tech are gradually eliminating the one-size fits all conventional modes of teaching and promoting adaptive learning. Immersive technologies like Metaverse, virtual reality (VR), and augmented reality (AR) offer an enhanced simulated learning experience. This is especially true in the fields of science or tech. They provide additional learning elements and reduce distraction. Sandhya Devanathan, Vice President, Meta India, informed at the GSV Emeritus India Summit, “750 million users globally have used AR effects on our platform.” When these technologies will be implemented to their full potential in education, it will be path-breaking.
ALSO READ: How is Adaptive Learning Improving Education in the Digital World?4. Micro Degrees Instead of Monolithic Structure of Education
Learning models and outcomes have significantly evolved over the years, and edtech trends 2023 further substantiate the same. However, in many countries, the education style is still largely monolithic. Learners enter at the school level and finish their higher education. Taking a break or changing your career path requires having to start over. This makes the existing education systems extremely rigid. Affordability and access are also critical issues with the monolithic structure. Anant Agarwal, Chief Platform Officer of 2U and Founder of edX proposed a brilliant idea to remedy to improve the learning model in India at the GSV Emeritus Summit. He suggested a LEGO structure, similar to LEGO blocks where each level of education provides micro degrees certification or credentials. Moreover, one can simultaneously pursue other courses, thus reducing the dropout rate.5. Technology Should Support Teachers, Not Replace Them
With changing edtech trends 2023, a lot of people in the education industry fear that they will lose their jobs to technology in the next few years. However, that is far from the truth. Technology will only play a supporting role when it comes to imparting education. Teachers will continue to be the lead chúng tôi understand this better, let’s go through the role of artificial intelligence in online learning. One of the most important elements for online learning to be effective is smooth interaction between teachers and students. It impacts the overall learning outcome. However, with excess usage of technology, students might limit their ability to learn independently. Hence, teachers can ensure controlled usage of technology for learning. In fact, AI can support teachers by automating routine tasks and creating personalized, adaptive assessments for each student.Social interaction between teachers and learners is also a prominent factor that makes the role of teachers irreplaceable. Lack of face-to-face academic social interactions can have a negative impact on learning outcomes and self-regulation. On the contrary, interactive learning boosts academic motivation for online learning.6. Indian Education Will Become a Brand of Its Own 7. Skilling Will Happen at Scale and Includes Leaders
We are living in a fast-paced competitive world where new technologies are being introduced almost every day, trends are evolving, manual jobs are becoming obsolete, and new tech jobs are on the rise. Thus, while technology has eased its way into our lives, it has given rise to uncertainty. Hence, it is essential for us to keep learning and constantly upskill ourselves.
Jawahir Morarji, the Managing Director of Enterprise at Emeritus and Eruditus, aptly describes the importance of upskilling for leaders by stating, “When a person stops learning, they start falling behind.” Hence, we must learn new skills in such uncertain times to adapt to rising jobs. He believes that jobs are bound to transform, and those who learn to adapt will never lack opportunities. The 2023 Workplace Learning Report published by LinkedIn states that job skill sets have evolved by 25% from 2024, and it will reach 50% by 2027. Hence, the need for upskilling is at an all-time high. The top 10 skills that most companies require are:
TeamworkStart Your Upskilling Journey Now with Emeritus
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