The number of crypto millionaires increased by 95% in one year.
While more than 172,000 people are said to be crypto millionaires, only 28 are billionaires.
Do cryptocurrencies make you rich? According to a Henley & Partners report, titled Crypto Wealth Report 2024 and published on August 27, 172,300 people now hold "more than one million dollars in crypto assets". This represents a 95% increase compared to last year. In detail, 85,400 people would hold more than one million dollars in bitcoin as of June 30, 2024, the date on which the survey was stopped. This represents an increase of 111% compared to last year. The number of investors holding more than 100 million dollars in bitcoin increased by 100% year-on-year while those holding more than 1 billion dollars of bitcoin increased by 83%.
The number of crypto millionaires has increased by 95% in one year
While more than 172,000 people are said to be crypto millionaires, only 28 are said to be billionaires.
Do cryptocurrencies make you rich? According to a report by Henley & Partners, entitled Crypto Wealth Report 2024 and published on August 27, 172,300 people now hold "more than $1 million in crypto assets". This represents a 95% increase compared to last year.
In detail, 85,400 people would hold more than $1 million in bitcoin as of June 30, 2024, the date on which the survey was stopped. This represents a 111% increase compared to last year. The number of investors believed to hold more than $100 million in bitcoin increased 100% year-over-year while those holding more than $1 billion in bitcoin increased 83%.
Believe it or not, we're only halfway through the crypto bull run
IN BRIEF * The current crypto bull run started about two years ago, based on Bitcoin and altcoin performance. * Altcoins, including Ethereum, are underperforming and delaying a true "alt season" despite some successes. * Further growth is expected, but it's crucial to stay level-headed.
Believe it or not, we’re only halfway through the crypto bull run
IN BRIEF The current crypto bull run started about two years ago, based on the performance of Bitcoin and altcoins. Altcoins, including Ethereum, are underperforming and are delaying a true “alt season” despite some successes. Growth is still on the horizon, but keeping a cool head is crucial.
Bitcoin Stable Above $58K, 75% of BTC Held for Over 6 Months
* Bitcoin's price remains above $58,000. * 75% of circulating BTC hasn't moved in over 6 months. * This suggests a 'wait-and-see' approach from investors. * They may be holding onto their assets, anticipating better market conditions.
Telegram CEO's Arrest: TON Blockchain Supports Pavel Durov
* TON blockchain showed support for Telegram CEO Pavel Durov after his arrest. * They joined Elon Musk, Tucker Carlson & others in backing Durov. * TON reaffirmed its commitment to free speech & decentralization.
France: Telegram Co-Founder Pavel Durov Arrested at Le Bourget Airport — TON Collapses
On Saturday night, Telegram Co-Founder and CEO Pavel Durov was arrested at Le Bourget Airport by the Air Transport Gendarmerie. He was taken into custody and is expected to be remanded in custody this Sunday. What charges are he facing, as the TON token has fallen by more than 14%?
After Solana and Base, could Tron (TRX) become the new Eldorado of memecoins?
In the crypto ecosystem, only one thing is constant: memecoins. And if Solana (SOL) was the meeting point for humorous cryptocurrencies this cycle, a new candidate seems to be emerging: Tron (TRX). What is happening on Justin Sun's blockchain?
Tron (TRX) at the gates of the top 10, its price increases by +24% in one week
The Tron (TRX) cryptocurrency is experiencing a notable increase this week. How can we explain that the TRX is soaring and will it last?
Tron: the TRX is rising with the rise of memecoins
The breakthrough in the TRX price has been gradual, with a clear increase since Sunday. In 3 days, the cryptocurrency has in fact increased by 25%, reaching a peak of $0.166 early this morning. It had been 3 years since the TRX had reached such a price:
As we explained to you yesterday, this sudden breakthrough is mainly due to the rise of a memecoin launcher on Tron: SunPump. Inspired by Pump.fun, it is generating a lot of interest: it has already enabled the launch of more than 19,425 tokens.
💡 Don't miss our guide - How to buy Tron (TRX) in 2024? Complete tutorial for beginners
Income has also exploded: while fees amounted to $4.3 million 24 hours ago, they already show $7.6 million this morning.
BTT price also affected by the trend The BTT price has also been affected by this trend. As a reminder, the cryptocurrency is linked to BitTorrent, a protocol that was bought by Justin Sun, the creator of Tron. As a result, BTT is also showing a net increase, with +18.9% over the last 7 days.
Originally, BitTorrent is a peer-to-peer exchange protocol, which launched its cryptocurrency after the buyout in 2019. It uses certain decentralized applications (dApps) developed on Tron.
Trading in the volatile world of cryptocurrency can be both thrilling and daunting. One of the keys to success lies in understanding and mastering candle patterns, which are essential tools for predicting market movements.
Starting with just $100, I turned it into $5,500 by learning candlestick chart patterns and using them in trading. This wasn’t about luck or random decisions; it was about understanding the market, spotting key patterns, and making smart moves. 💸 I'm sharing tips that others charge a lot for, so don’t forget to vote for us! Click to vote and help us keep bringing you great content. Candlestick charts show how prices move for things like stocks or crypto. Each "candlestick" shows the opening, closing, high, and low prices for a set period. The body of the candlestick shows the opening and closing prices, while the lines above and below (called wicks or shadows) show the highest and lowest points. The secret to my success was learning specific candlestick patterns that give clues about future market moves. Here are some key patterns that helped me: 1. **Doji Pattern**: When the opening and closing prices are almost the same, this pattern shows indecision in the market. It can mean the trend is about to change. When I saw a Doji, I got ready for a potential shift in the market direction. 2. **Engulfing Pattern**: This pattern signals a reversal. A bullish engulfing pattern happens when a small red candlestick is followed by a bigger green one. A bearish engulfing is the opposite. Spotting these patterns helped me catch market changes early. 3. **Hammer and Hanging Man**: Both look similar but mean different things. A hammer shows up during a downtrend and can signal an upward reversal. A hanging man happens in an uptrend and suggests a downside reversal. These helped me find possible turning points in the market. 4. **Shooting Star and Inverted Hammer**: Both are reversal patterns. The shooting star appears after an uptrend and signals a reversal to the downside, while the inverted hammer suggests an upward reversal in a downtrend. Recognizing these patterns helped me adjust my trades and maximize profits. By learning and mastering these patterns, I knew when to buy and sell. I also used smart risk management, like setting stop-losses to limit losses .
Binance Introduces Toncoin (TON) with Launchpool Mining and Supercoin Earning Binance has launched Toncoin (TON), a decentralized Layer-1 blockchain, as its 56th Launchpool project. Users can stake BNB and FDUSD in separate pools to earn TON rewards starting from August 15th, 2024 at 08:00 (GMT+8). The mining period will last for 20 days, and the Launchpool website is expected to be updated within 24 hours of the announcement. Additionally, Binance Earn will feature TON Super Earn, allowing users to subscribe to TON principal-guaranteed earning products and enjoy a limited-time special annualized rate of return. Key Points: * Toncoin (TON) Launchpool: Stake BNB or FDUSD to mine TON for 20 days. * TON Super Earn: Earn a special APR on TON with principal protection. * Launchpool website update: Expected within 24 hours. * Disclaimer: This is not financial advice. Remember, cryptocurrency investments carry risks. Do your own research before participating.