The Venezuelan economy has faced a deep crisis for over a decade, and although many government officials blame the "parallel dollar" for inflation and the loss of purchasing power, this narrative ignores the real structural causes of economic deterioration.
The parallel dollar —that is, the unofficial exchange rate that arises in informal markets— is more a consequence than a cause. Its existence reflects the loss of confidence in the bolívar, the prolonged exchange controls, and the scarcity of foreign currency in the official market.
The true root of the problem lies in erroneous economic policies, such as:
1. Uncontrolled money issuance without backing: The Central Bank of Venezuela has financed the fiscal deficit by printing money, which has skyrocketed inflation, even reaching hyperinflationary levels.
2. Price and exchange controls: Instead of stabilizing the economy, these controls have distorted the market, generated scarcity, and stimulated black markets.
3. Expropriations and destruction of the productive apparatus: Massive state intervention in key sectors reduced national production, increased dependency on imports, and weakened the private sector.
4. Corruption and mismanagement of resources: Despite high oil revenues in previous years, there was no sustainable investment or diversification of the economy.
In summary, the parallel dollar is a symptom of distrust and a poorly managed economy. Blaming it is a way to evade responsibilities over economic decisions that have undermined the monetary and social stability of the country.
"Man is not ignorant for being poor, but rather poor for his ignorance"
I have been earning 1.800 $PEPE per day in #simpleearn , the issue is that every week I accumulate more than 10.000 #PEPE and I reuse that by converting it to #USDC or to send in the fund transfer program which gives me other currencies and well that investment I have has gradually taught me to cope with this up and down game and adding to the fact that today %Pepe has risen a bit it makes me happy to see the positive in this #memecoin🚀🚀🚀
Don't just stand there, take advantage of this opportunity and invest today. The Games empire is unstoppable and will likely take its value to new levels, but it depends on us. Whether you like the world of gaming, NFTs, or simply investing in cryptos, here you go:
What is the GUN Token?
The GUN token is the native token of the GUNZ public chain, and GUNZ is a Layer 1 public chain based on the Avalanche Subnet, designed for the management and decentralized trading of gaming assets. As a AAA game developer, Gunzilla Games has launched the flagship game ‘Off The Grid’ (OTG), which is the first use case of the GUNZ ecosystem. The GUN token has multiple functions in this ecosystem, including trading rare items in the game marketplace, rewarding players for participating in missions and battles, and supporting the operation of the decentralized economic system.
The total supply of GUN is 10 billion, with only 6.05% initially in circulation. This low circulation design provides potential support for the initial price performance of the token. Players can earn GUN tokens by completing game tasks, looting valuable items, or participating in PvP battles, and use them to buy weapons, gear, or trade NFT assets in the marketplace. It is noteworthy that the GUNZ ecosystem emphasizes player choice, and participation in blockchain and NFT functions is completely optional, allowing users to continue playing ‘Off The Grid’ for free.
$BNB (previously Binance Coin) is the native cryptocurrency of the Binance ecosystem, one of the largest cryptocurrency exchanges in the world. Its utility goes beyond simple transactions, encompassing various functions within the platform and its blockchain, BNB Chain.
Main functions of BNB:
* Transaction fees: * It is used to pay fees on the Binance exchange, often with discounts. * It is also used for gas fees on BNB Smart Chain. * Binance ecosystem: * Facilitates transactions on the Binance Smart Chain and is compatible with numerous decentralized applications (dApps), especially in the realm of decentralized finance (DeFi) and non-fungible tokens (NFT). * Participates in the governance of the BNB chain, granting voting rights to its holders. * Other uses: * It is accepted in various stores and services, both online and offline.
Future potential of BNB:
The future of BNB is closely tied to the development of the Binance ecosystem and the adoption of BNB Chain. Some factors that could influence its potential include:
* Expansion of BNB Chain: * The growth of dApps and DeFi projects on BNB Chain could increase the demand for BNB. * Innovation in the Binance ecosystem: * New products and services from Binance that utilize BNB could boost its value. * Mass adoption of cryptocurrencies: * A general increase in cryptocurrency adoption could benefit BNB due to its market position.
Important considerations:
* The cryptocurrency market is highly volatile, and the value of BNB can fluctuate significantly. * Government regulation and competition from other cryptocurrencies are factors to consider.
In summary, BNB is a cryptocurrency with a strong ecosystem and diverse utilities. Its future will depend on the evolution of Binance and the adoption of BNB Chain, as well as overall trends in the cryptocurrency market.
$PEPE It could break the 0.00001000$ barrier But let's not forget that something unusual is definitely happening in the market: With $BTC above 71,000$ this means that there is a lot of movement of big whales: millionaire investors, companies or perhaps government entities because we do not know but what we do know is that they could be inflating their portfolios and then deflating more than air 🤷♂️ so be careful a fall of $BTC could be fatal for the #alcoins #Memecoin🤑🤑
Remember: investigate a lot before making any investment and invest only what you are willing to lose, then do not come saying that you were not warned 😎 #MercadoFinanciero #BallenasEnAccion
Having results means taking concrete but also optimistic actions.
Diversify your cryptocurrency portfolio:
Why diversify?
Just like any investment, diversifying reduces risk. If one cryptocurrency goes down, others could go up, protecting your investment.
How to diversify?
* Types of cryptocurrencies: Not just Bitcoin. Explore Ethereum, altcoins, stablecoins, and more.
* Projects: Invest in different projects with different technologies and use cases.
* Markets: Not just centralized exchanges. Consider DeFi and NFTs.
Additional tips:
* Research: Learn about each cryptocurrency before investing.
* Start small: Don't invest all your money at once.
* Be patient: The cryptocurrency market is volatile.
Remember! Always consult a financial advisor before making important decisions.
My criteria does not mean that it is a guarantee of your achievements. Each individual is the owner of his actions and it depends on each one of us, how focused we are, investment and optimism must go hand in hand but it is not a matter of luck but of learning work and intelligent movements.
ATTENTION !!! Guys, investing today is also thinking about the future, having a dollar saved for 5 years is not the same as having a dollar invested for 5 years ✅️🥇
Let me explain to you, if you invest today, let's put a figure 1 dollar $ in $PEPE it would look like this: 1 $ = 111.366 Pepe, at the time of the example it is at 0.00000887 📉 Now let's suppose that we save it for those 5 years and by that time 1 $PEPE is costing 0.10000000 dollar, how much would your dollar grow? I'm leaving it as homework for you 🤔 Now imagine if it's not 1 but 10 or 100$, what would we lose by freezing that amount there while we continue our activities?
example: $BTC
All my posts are totally free but if you want to contribute to this noble cause to continue helping those young people with big dreams, you know what to do 😎
5 cryptocurrencies you should invest in by the end of 2024
Investing in cryptocurrencies involves high risk and your decisions should be based on thorough and personalized research. * Bitcoin (BTC): The most well-known cryptocurrency with the largest market capitalization. It is often considered a digital store of value. * Ethereum (ETH): The second-largest cryptocurrency, used to create decentralized applications (dApps) and non-fungible tokens (NFTs). * Binance Coin (BNB): The native token of the Binance cryptocurrency exchange. It is used to pay fees and access exclusive services.
The truth about whether Pepe would reach 1 Dollar 💵
The possibility of Pepe Coin reaching $1 is a hotly debated topic in the crypto community. Why some think it could happen: * Meme effect: Pepe Coin has generated a lot of buzz on social media and has attracted many new investors.
* Low market cap: Compared to other cryptocurrencies, Pepe Coin still has a relatively small market cap, meaning that a relatively small increase in price could have a big impact.
* Active Community: The community behind Pepe Coin is very active and enthusiastic, which can drive demand.
The technology behind cryptocurrencies, blockchain, is more than just digital money. Imagine a public ledger that no one can change. This technology could revolutionize many other sectors, from voting to the supply chain.
Do you want to know more about a specific aspect of cryptocurrencies?
For example, I can explain:
* How they work: I tell you about nodes, miners, and consensus.
* Types of cryptocurrencies: Beyond Bitcoin, there are many others with unique characteristics.
* Advantages and disadvantages: We explore volatility, security, and decentralization.
* How to invest (with caution): I give you some basic advice.
What interests you most? If you wish to send a gift, no matter how small, it will be of great value to continue contributing knowledge to your experience as a new investor: you win, I win, we all win $BTC #binance #criptonegocios #mercadosvolatiles