In a demonstration of resilience and bullish momentum, ethereum’s price spiked over the $3,600 threshold, marking a significant increase within a 24-hour range that saw lows of $3,372 and highs of $3,644. This uptrend is underpinned by a strong trade volume of $13.40 billion and a market capitalization of $434 billion, indicating sustained interest in […]
I got phished a couple of days ago and got partially drained. Luckily I figured out what was going on and revoked the approval after the first transaction. I have moved all my tokens to a different wallet and installed tools like Wallet Guard. Is it ok for me to continue using the compromised wallet?…
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The Chief Executive Officer (CEO) of Ripple, Brad Garlinghouse has boldly forecasted a transformative shift in the crypto industry, envisioning a $5 trillion market capitalization for cryptocurrencies in 2024. Ripple CEO Says Crypto Market Cap To Double By Year’s End Appearing in a recent interview with CNBC, Garlinghouse made a shocking prediction, stating that he sees the entire market capitalization of the crypto industry surging to $5 trillion by the end of 2024. The significance of this prediction carries severe weight, not just because of the startling numbers but also due to its ambitious timeline. Related Reading: Dogecoin Finds A Bottom: How The 7-Year Cycle Can Send Price To $40 Since the concept of cryptocurrency was first introduced about 40 years ago and the inception of Bitcoin in 2009, the overall market capitalization of the industry has only been able to reach about $2.5 trillion. This massive growth in a dynamic industry has been fueled by the evolutionary changes that have significantly reshaped the fundamentals of the financial sector. A rise to $5 trillion, as Garlinghouse expects, will see the crypto industry’s market capitalization doubling in about nine months. This substantial increase in such a short period would spell a revolutionary shift in the industry, extending its dominance as one of the most lucrative and thriving markets in the world. Currently, according to CoinMarketCap, the global crypto market capitalization is estimated at $2.59 trillion, reflecting a 0.74% increase in the past 24 hours. The cumulative market volume has also grown to about $61.98 billion, with Bitcoin dominance recording more than 50% of the total cryptocurrency market. Key Factors To Fuel Market Cap Growth During his interview, Garlinghouse revealed several crucial factors that could drive the crypto market capitalization to $5 trillion. The Ripple CEO disclosed that macro factors, including the Spot Bitcoin Exchange Traded Funds (ETFs) and the upcoming Bitcoin halving event, were prime catalysts for the market’s expansion. Related Reading: $115-Million Bitcoin Whale Wakes Up From 10-Year Slumber – What’s Next? Expressing optimism about the crypto industry, the CEO shared insights from his years observing the market’s trends. He emphasized that the introduction of ETFs has been a major driver, attracting institutional investors globally and pushing substantial funds into the market. Additionally, Garlinghouse pointed out that due to these macro factors, the demand for cryptocurrencies is increasing while its supply is dwindling. He implied that this imbalance in supply and demand typically results in price appreciation, eventually having a positive impact on the overall market. The Ripple CEO has also stated that he expects more regulatory clarity within the crypto industry, particularly in the United States. He hinted at the possibility of a favourable change in crypto regulations following the country’s election and transition to a new administration. Total market cap at $.26 trillion | Source: Crypto Total Market Cap on Tradingview.com Featured image from Bitcoin Sistemi, chart from Tradingview.com
On April 8, 2024, bitcoin reached an impressive 24-hour peak of $72,573, marking a significant uptrend. With a 24-hour trading volume of $29.64 billion and a market capitalization soaring to $1.41 trillion, the cryptocurrency showcases strong market growth. Bitcoin Analyzing the daily chart, bitcoin (BTC) displays a bullish pattern with consistently higher lows and higher […]
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PRESS RELEASE. Lympid is revolutionizing the investment experience by integrating real-world assets (RWAs) with blockchain technology. This enables investors to gain access to premium assets that were previously only available to the elite. Through fractionalized tokenization, Lympid is bridging the gap between digital finance and tangible wealth, and also enhancing liquidity for assets that are […]
Going to put this here since we're on the dawn of a new rally, and before everyone gets caught up in the excitement and forgets the basics, here's a few reminders: 1) Back up your keys: If you've already lost these, move everything to a new wallet and back it up. Don't email your keys…
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Just to be clear, this is NOT about me. A friend of mine is very new to crypto, quite gullible by the sounds of it, he put 8K into Revolut. I have always used Coinbase so I have no idea how Revolut works. He said he got a message on there with someone offering to…
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