📈 Cryptocurrency Explosion Ahead! 🚀
The global cryptocurrency ecosystem is set to skyrocket, with potential growth up to 200x in a decade, says Yat Siu, co-founder of Animoca Brands. Currently valued at $2.7 trillion, the market could double or triple soon, he predicted on The Valr Podcast (May 28).
🗣 Siu's Key Predictions:
- Near Term (12-18 months): Market may double or triple.
- Long Term (5-10 years): Potential to grow 100-200x, reaching $200 trillion or more!
🌍 Driving Factors:
- Billions becoming digital property owners in the Web3 ecosystem.
- "A billion property owners" via token holders is achievable in the digital world, unlike the physical world.
📊 Regional Insights:
- Asia Leading the Way: Fastest-growing Web3 market with strong adoption in Southeast Asia, Hong Kong, and Japan.
- US Falling Behind: Due to regulatory uncertainty, the US lags in Web3 advancements.
💡 Siu’s View on Bitcoin:
- Bullish on Bitcoin, the largest cryptocurrency, valued at $1.3 trillion.
Stay tuned 👍
The global cryptocurrency ecosystem is set to skyrocket, with potential growth up to 200x in a decade, says Yat Siu, co-founder of Animoca Brands. Currently valued at $2.7 trillion, the market could double or triple soon, he predicted on The Valr Podcast (May 28).
🗣 Siu's Key Predictions:
- Near Term (12-18 months): Market may double or triple.
- Long Term (5-10 years): Potential to grow 100-200x, reaching $200 trillion or more!
🌍 Driving Factors:
- Billions becoming digital property owners in the Web3 ecosystem.
- "A billion property owners" via token holders is achievable in the digital world, unlike the physical world.
📊 Regional Insights:
- Asia Leading the Way: Fastest-growing Web3 market with strong adoption in Southeast Asia, Hong Kong, and Japan.
- US Falling Behind: Due to regulatory uncertainty, the US lags in Web3 advancements.
💡 Siu’s View on Bitcoin:
- Bullish on Bitcoin, the largest cryptocurrency, valued at $1.3 trillion.
Stay tuned 👍
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🚀 7 Biggest Bitcoin Myths! 🔍
1. Bitcoin is a Bubble: Critics often claim Bitcoin is a speculative bubble. However, Bitcoin has repeatedly recovered from downturns, reaching new all-time highs each cycle. 🚀
2. Bitcoin Has No Real-World Uses: Bitcoin's use cases are growing! From everyday payments to being a store of value, Bitcoin is increasingly integrated into financial systems globally. 💳
3. Bitcoin Doesn’t Have Real Value: Bitcoin’s value is derived from its limited supply (21 million BTC) and increasing demand. This scarcity drives its value much like precious metals. 💎
4. Bitcoin Will Be Replaced: Despite thousands of cryptocurrencies, Bitcoin remains the most valuable and widely recognized digital currency, serving as the gold standard in the crypto space. 🥇
5. Investing in Bitcoin is Gambling: While volatile, Bitcoin has shown a steady upward trend over the long term, offering significant returns for early adopters and long-term investors. 📊
6. Bitcoin Isn’t Secure: Bitcoin's blockchain technology is one of the most secure and has never been hacked. The decentralized nature of its network adds layers of security against attacks. 🔒
7. Bitcoin is Bad for the Environment: Bitcoin mining does consume energy, but the narrative is shifting towards sustainable mining practices. Many miners are now using renewable energy sources to reduce environmental impact. 🌱
1. Bitcoin is a Bubble: Critics often claim Bitcoin is a speculative bubble. However, Bitcoin has repeatedly recovered from downturns, reaching new all-time highs each cycle. 🚀
2. Bitcoin Has No Real-World Uses: Bitcoin's use cases are growing! From everyday payments to being a store of value, Bitcoin is increasingly integrated into financial systems globally. 💳
3. Bitcoin Doesn’t Have Real Value: Bitcoin’s value is derived from its limited supply (21 million BTC) and increasing demand. This scarcity drives its value much like precious metals. 💎
4. Bitcoin Will Be Replaced: Despite thousands of cryptocurrencies, Bitcoin remains the most valuable and widely recognized digital currency, serving as the gold standard in the crypto space. 🥇
5. Investing in Bitcoin is Gambling: While volatile, Bitcoin has shown a steady upward trend over the long term, offering significant returns for early adopters and long-term investors. 📊
6. Bitcoin Isn’t Secure: Bitcoin's blockchain technology is one of the most secure and has never been hacked. The decentralized nature of its network adds layers of security against attacks. 🔒
7. Bitcoin is Bad for the Environment: Bitcoin mining does consume energy, but the narrative is shifting towards sustainable mining practices. Many miners are now using renewable energy sources to reduce environmental impact. 🌱
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Trading Tip of The Day
You Need To Take Losses Without Getting Emotionally Attached To Your Positions.
This Is One Of The Most Difficult Aspects Of Good Trading Psychology, But It’s Essential If You Want To Be Successful.
This Is One Of The Most Difficult Aspects Of Good Trading Psychology, But It’s Essential If You Want To Be Successful.
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You can buy cryptocurrency on exchanges: centralized (CEX) or decentralized (DEX).
CEX exchanges are managed by organizations that oversee all operations and provide maintenance and security. User tokens are stored in exchange wallets. There is a commission for trading. When registering, you need to confirm your phone number and email. To work, as a rule, you need to undergo KYC/verification: confirm your identity using a passport/international passport/driver’s license. Many of these exchanges provide the opportunity to buy tokens for fiat (rubles).
DEX exchanges work differently. Coins are exchanged for them without intermediaries. A commission is charged for the exchange. There is no need to register here; to use it you need to connect your wallet (click connect wallet and enter the wallet password). Coins will be transferred from wallet to wallet. For each transaction, the wallet will request permission to confirm the operation. DEX is more difficult to use.
CEX exchanges are managed by organizations that oversee all operations and provide maintenance and security. User tokens are stored in exchange wallets. There is a commission for trading. When registering, you need to confirm your phone number and email. To work, as a rule, you need to undergo KYC/verification: confirm your identity using a passport/international passport/driver’s license. Many of these exchanges provide the opportunity to buy tokens for fiat (rubles).
DEX exchanges work differently. Coins are exchanged for them without intermediaries. A commission is charged for the exchange. There is no need to register here; to use it you need to connect your wallet (click connect wallet and enter the wallet password). Coins will be transferred from wallet to wallet. For each transaction, the wallet will request permission to confirm the operation. DEX is more difficult to use.
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The average profit of crypto investors in 2023 was $800.
CoinLedger analysts compared about 500,000 market participants from the United States, Australia, Canada, and other countries. They found that, on average, cryptocurrency investors made $888 per person in 2023, which is amazing since investors lost $7,102 in 2022, taking into account the collapse of FTX, of course. If FTX hadn’t, the losses would have been lower.
The report reveals that the most unpopular cryptocurrency was Ether (ETH). Crypto investors got rid of it most often. Solana (SOL), Bitcoin (BTC), BNB, and Polygon (MATIC) were also in the top five.
And Bitcoin is the least frequently sold.
Also, analysts named Coinbase the most popular CEX by number of transactions in 2023, but in reality, this is probably not true because most of the respondents live in the United States, where Coinbase is the leader.
CoinLedger analysts compared about 500,000 market participants from the United States, Australia, Canada, and other countries. They found that, on average, cryptocurrency investors made $888 per person in 2023, which is amazing since investors lost $7,102 in 2022, taking into account the collapse of FTX, of course. If FTX hadn’t, the losses would have been lower.
The report reveals that the most unpopular cryptocurrency was Ether (ETH). Crypto investors got rid of it most often. Solana (SOL), Bitcoin (BTC), BNB, and Polygon (MATIC) were also in the top five.
And Bitcoin is the least frequently sold.
Also, analysts named Coinbase the most popular CEX by number of transactions in 2023, but in reality, this is probably not true because most of the respondents live in the United States, where Coinbase is the leader.
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Top Cryptocurrencies to Watch in 2024! 🚀
Are you ready to dive into the world of cryptocurrencies? Here’s a snapshot of the most promising cryptos to consider for the upcoming year:
1. EarthMeta (EMT) – Tap into an AI-driven metaverse platform.
2. Ethereum (ETH) – The pioneer of smart contract technology.
3. Solana (SOL) – Known for its speed and low transaction costs.
4. XRP (Ripple) – Optimizing global payments.
5. Dogecoin (DOGE) – The famous meme coin with a robust community.
6. Toncoin (TON) – Powering high-capacity operations on Telegram’s blockchain.
7. Cardano (ADA) – A platform celebrated for its security and scalability.
8. Shiba Inu (SHIB) – Another beloved meme coin driven by a vibrant community.
9. Avalanche (AVAX) – Ideal for developers of high-throughput apps.
10. ChainLink (LINK) – Connects smart contracts with real-world data.
11. Tron (TRX) – A hub for digital entertainment content.
Are you ready to dive into the world of cryptocurrencies? Here’s a snapshot of the most promising cryptos to consider for the upcoming year:
1. EarthMeta (EMT) – Tap into an AI-driven metaverse platform.
2. Ethereum (ETH) – The pioneer of smart contract technology.
3. Solana (SOL) – Known for its speed and low transaction costs.
4. XRP (Ripple) – Optimizing global payments.
5. Dogecoin (DOGE) – The famous meme coin with a robust community.
6. Toncoin (TON) – Powering high-capacity operations on Telegram’s blockchain.
7. Cardano (ADA) – A platform celebrated for its security and scalability.
8. Shiba Inu (SHIB) – Another beloved meme coin driven by a vibrant community.
9. Avalanche (AVAX) – Ideal for developers of high-throughput apps.
10. ChainLink (LINK) – Connects smart contracts with real-world data.
11. Tron (TRX) – A hub for digital entertainment content.
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Famous personalities who are waiting for Bitcoin at $500,000.
Today, let’s recharge our good spirits and meet influential experts who are serious about seeing BTC hit over half a million dollars.
▪️ ARK Invest CEO Cathie Wood
Well-known and influential in the financial world, Cathie Wood gives perhaps the most optimistic prediction on the future of the biggest cryptocurrency. She believes the price of Bitcoin could soar to $1.5 million by 2030 following the approval of a spot Bitcoin ETF.
▪️ Aurélien Ohayon, CEO of XOR Strategy
He believes Bitcoin could rise to $100,000 in early 2025 and later reach $500,000.
▪️ Popular crypto trader Stockmoney Lizards
They believe that Bitcoin could rise to $280,000 in 2025, after which a correction will ensue.
Yes, there are indeed quite a few optimistic predictions in the market!
But please do not forget that there are also plenty of pessimists who do not share such a bright future for Bitcoin.
So, always think with a cool head and make informed decisions.
Today, let’s recharge our good spirits and meet influential experts who are serious about seeing BTC hit over half a million dollars.
▪️ ARK Invest CEO Cathie Wood
Well-known and influential in the financial world, Cathie Wood gives perhaps the most optimistic prediction on the future of the biggest cryptocurrency. She believes the price of Bitcoin could soar to $1.5 million by 2030 following the approval of a spot Bitcoin ETF.
▪️ Aurélien Ohayon, CEO of XOR Strategy
He believes Bitcoin could rise to $100,000 in early 2025 and later reach $500,000.
▪️ Popular crypto trader Stockmoney Lizards
They believe that Bitcoin could rise to $280,000 in 2025, after which a correction will ensue.
Yes, there are indeed quite a few optimistic predictions in the market!
But please do not forget that there are also plenty of pessimists who do not share such a bright future for Bitcoin.
So, always think with a cool head and make informed decisions.
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Trading Tip of The Day
A Rising Market Benefits Almost Everyone, But Only Temporarily;
It Eventually Exposes Those Who Aren't Prepared For Pullbacks Or Bear Markets.
It Eventually Exposes Those Who Aren't Prepared For Pullbacks Or Bear Markets.
Upcoming key events for the markets:
12 June, 2024, 12:30 UTC — Inflation Rate
12 June, 2024, 18:00 UTC — Fed Interest Rate Decision
12 June, 2024, 18:30 UTC — Fed Press Conference
Get ready for increased volatility
12 June, 2024, 12:30 UTC — Inflation Rate
12 June, 2024, 18:00 UTC — Fed Interest Rate Decision
12 June, 2024, 18:30 UTC — Fed Press Conference
Get ready for increased volatility
How cryptocurrency make people rich
#part 2
4. Freelancing and accepting cryptocurrency payments: If you possess valuable skills, you can offer freelance services and accept cryptocurrency as payment. Websites like Cryptogrind, Bitwage, and XBTFreelancer specialize in cryptocurrency-related freelance opportunities.
5. Become a content creator or influencer: Start a blog, YouTube channel, or social media profiles focused on cryptocurrencies. By creating valuable content and attracting an audience, you can monetize your platform through advertising, sponsored content, or affiliate marketing.
6. Participate in bounty programs: Many cryptocurrency projects offer bounty programs to incentivize community participation. Bounties can involve tasks like bug reporting, content creation, social media promotion, or translation work. In return for your contributions, you may receive tokens or rewards.
#part 2
4. Freelancing and accepting cryptocurrency payments: If you possess valuable skills, you can offer freelance services and accept cryptocurrency as payment. Websites like Cryptogrind, Bitwage, and XBTFreelancer specialize in cryptocurrency-related freelance opportunities.
5. Become a content creator or influencer: Start a blog, YouTube channel, or social media profiles focused on cryptocurrencies. By creating valuable content and attracting an audience, you can monetize your platform through advertising, sponsored content, or affiliate marketing.
6. Participate in bounty programs: Many cryptocurrency projects offer bounty programs to incentivize community participation. Bounties can involve tasks like bug reporting, content creation, social media promotion, or translation work. In return for your contributions, you may receive tokens or rewards.
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Bulls and bears of the crypto market, what are they?
Bulls - traders profiting from the growth of price, confident that the market will go up.
Bears - traders sure that the market is falling and selling their assets.
Bull and bear markets.
The market is considered to be a bull one, if there are more buyers than sellers.
Market participants "throw" the price upwards with their purchases, like a bull throws its prey with horns.
A bear market means that sellers outnumber buyers, pushing the price down as if a bear were pinning its prey to the ground.
Bulls - traders profiting from the growth of price, confident that the market will go up.
Bears - traders sure that the market is falling and selling their assets.
Bull and bear markets.
The market is considered to be a bull one, if there are more buyers than sellers.
Market participants "throw" the price upwards with their purchases, like a bull throws its prey with horns.
A bear market means that sellers outnumber buyers, pushing the price down as if a bear were pinning its prey to the ground.
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Why don’t my funds get deposited?
A widespread problem for beginners: They transfer funds from one wallet to another, but the coins don’t get deposited.
Why?
There are 3 main reasons:
1. The processing speeds of blockchains. Sometimes, blockchains are slow, and transactions take longer than usual. For example, in Ethereum, transactions can sometimes last for hours.
2. Invalid network or address: You could have made a mistake when choosing the network. For example, if you transfer your USDT from the Tron network to the BNB Smart Chain network, the transaction will not pass. Make sure the network and address match.
3. A memo is not specified: Some blockchains require specifying a memo when sending transactions. A memo is a “comment” on a transaction. If necessary, the exchange will warn you what memo you should specify, so read the instructions carefully.
And one more general tip: If you’re making a transaction for the first time, make a test transfer by sending the minimum amount — e.g., 1 USDT. If it’s successful, it’s safe to send whatever amount you want to that address.
Don’t forget that, in the crypto world, it’s often impossible to return money lost or sent to a wrong address.
A widespread problem for beginners: They transfer funds from one wallet to another, but the coins don’t get deposited.
Why?
There are 3 main reasons:
1. The processing speeds of blockchains. Sometimes, blockchains are slow, and transactions take longer than usual. For example, in Ethereum, transactions can sometimes last for hours.
2. Invalid network or address: You could have made a mistake when choosing the network. For example, if you transfer your USDT from the Tron network to the BNB Smart Chain network, the transaction will not pass. Make sure the network and address match.
3. A memo is not specified: Some blockchains require specifying a memo when sending transactions. A memo is a “comment” on a transaction. If necessary, the exchange will warn you what memo you should specify, so read the instructions carefully.
And one more general tip: If you’re making a transaction for the first time, make a test transfer by sending the minimum amount — e.g., 1 USDT. If it’s successful, it’s safe to send whatever amount you want to that address.
Don’t forget that, in the crypto world, it’s often impossible to return money lost or sent to a wrong address.
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Bitcoin and Ethereum Are Cooling Off—But Gaming Token Prices Are Down Bad