Is It Possible to Turn $100 into $100,000 in a Year Through Crypto Investments? 🤭
Straight to the point, let’s look at the calculation below first.
The calculation for turning $100 into $100,000 in a year through cryptocurrency investments involves estimating the potential percentage gain required. Here’s the formula:
Percentage Gain = ((Final Value - Initial Value) / Initial Value) * 100%
In this case:
• Initial Value (IV) = $100 • Final Value (FV) = $100,000
Now, plug these values into the formula:
Percentage Gain = (($100,000 - $100) / $100) * 100% Percentage Gain = ($99,900 / $100) * 100% Percentage Gain = 99900%
So, you would need a whopping 99,900% return on your initial $100 investment to reach $100,000 in one year.
Crypto Markets Recover as South Korea Reverses Martial Law 🚀
South Korean President Yoon Suk Yeol reversed his martial law declaration after six hours of #tension at the National Assembly, where 190 lawmakers voted to reject it.
The declaration, initially justified as a response to North Korean threats, caused global concerns, including a statement from the White House. Cryptocurrency markets, which initially dropped sharply, have since regained ground, with Bitcoin, Ether, and XRP recovering by 2.4%, 3.3%, and 9.2%, respectively. This comes after South Korea’s crypto trading volumes hit their second-highest level of the year just a day earlier, driven by high momentum #altcoins .
Grayscale Investments has filed with the U.S. Securities and Exchange Commission (SEC) to convert its existing Solana Trust into a spot Solana exchange-traded fund (ETF) under the ticker #GSOL .
If approved, it will trade on the New York Stock Exchange and become the largest Solana investment fund, with $134.2 million in assets under management. #Grayscale joins other major firms like 21Shares, VanEck, and Bitwise in competing to launch a spot Solana ETF amid Solana’s 277% price surge over the past year. Coinbase Custody and BNY Mellon will manage custody and administration, respectively.
South Korea’s Martial Law Sparks $163M USDT Influx to Upbit Amid Market Crash
The Korean crypto market experienced a sharp decline after South Korea declared martial law. Large-scale $USDT transfers, totaling over 163M within an hour, flowed into #Upbit , likely as whales prepared for bottom-fishing opportunities.
Bitwise and Aptos Launch Staking ETP at SIX Swiss Exchange 🥳
#Aptos and #Bitwise celebrated the launch of the Bitwise Aptos Staking ETP in Zurich, marked by their CEOs ringing the closing bell at the SIX Swiss Exchange. Aptos, a high-performance Layer 1 blockchain launched in 2022, has grown to over 8 million monthly active users and is attracting interest from major institutions. This milestone underscores Bitwise’s role in connecting institutional investors with emerging blockchain technologies.
XRP has surged 297% in November 2024, achieving its highest monthly #ROI since 2017 and breaking its 2021 peak with a close at $1.95.
Analysts predict a potential rise to $6.60 by 2025, citing Fibonacci extensions and its historical correlation to BTC. Whale and retail investors have accumulated $1.6 billion in XRP within three weeks, and XRP wallets have surpassed 5.5 million for the first time. Futures market open interest has doubled since late November, reflecting growing interest. With bullish momentum and minimal resistance, XRP could close 2024 at its highest yearly level, setting the stage for further growth.
5 Things to Know About Bitcoin’s Push Toward $100K 💯
Bitcoin’s price approaches $100,000, marking a #historic period for the cryptocurrency.
Here are #five key takeaways: 1. Record Monthly Gains: November 2024 saw Bitcoin’s largest-ever dollar increase, closing at $96,400. 2. Technical Strength: Support levels at $90K–$95K and a “bull flag” pattern suggest further upward momentum. 3. Market Stability: Low funding rates indicate a healthy market, supporting sustained growth near all-time highs. 4. Macro Impact: Upcoming U.S. jobs data and the Fed’s interest rate decision on Dec. 18 could trigger significant price moves. 5. Onchain Signals: A rare SOPR “golden cross” points to a potential sharp rally within the next two months.
Bitcoin’s six-figure milestone appears closer than ever, with analysts predicting parabolic growth once $100K is breached.
Microsoft’s BTC Balance Sheet Proposal: A $100K Catalyst for Bitcoin? 🤑
Bitcoin briefly hit $98K over Thanksgiving, fueled by Michael Saylor’s BTC strategy presentation to Microsoft. A key shareholder vote on December 10 could see Microsoft adding Bitcoin to its balance sheet, potentially propelling BTC past $100K.
While Microsoft’s major shareholders, including #Vanguard , #BlackRock , and #Fidelity , already have crypto exposure, a positive vote could amplify bullish momentum across their investments. Meanwhile, US labor market data and inflation indicators, culminating in Friday’s NFP report, are in focus as markets anticipate December rate cut decisions.
Bitcoin ETFs Hit $6.4B November Inflows Amid Historic BTC Price Rally 🚀
November saw record inflows of $6.46 billion into U.S. spot Bitcoin ETFs, driven largely by #BlackRock ’s iShares Bitcoin Trust ETF, which accounted for 87% of the total. The surge coincided with Bitcoin’s historic 45% price rally, reaching an all-time high above $99,000. Other major ETFs, including Fidelity’s Wise Origin and Grayscale’s Bitcoin Mini Trust, also saw significant investments.
Despite minor outflows from select ETFs, institutional and private investor confidence remains #strong , fueling predictions of continued bullish momentum. The Crypto Fear & Greed Index reflected extreme optimism, hitting a yearly high of 92.
Native USDT on Aptos Hits $130M as Transaction Fees Stay Ultra-Low 🔥
The native USDT supply on the Aptos network has reached a record #high of $130 million, while the network maintains a #low average transaction fee of just $0.002.
Hong Kong-based gaming company Boyaa Interactive has converted 14,200 ETH, worth over $49 million, into approximately 515 BTC. This move increases its Bitcoin reserves to 3,183 BTC, valued at $310.7 million.
The decision aligns with the company’s strategy to prioritize Bitcoin due to its optimistic future prospects. Boyaa began its crypto treasury initiative in late 2023, allocating $100 million across Bitcoin, Ether, and stablecoins. This shift comes amid a broader trend of companies enhancing their Bitcoin holdings, with Bitcoin’s price rising 6% and Boyaa’s stock surging over 874% in the past year.
NFT Sales Surge to Six-Month High as South Korea Postpones Crypto Tax to 2027 🚀
NFT sales surged by 57.8% in November, reaching $562 million, the highest since May. Popular collections like #CryptoPunks and Pudgy Penguins saw floor prices and volumes skyrocket, with CryptoPunks achieving a 392% sales increase.
Ethereum and Bitcoin led the blockchain sales resurgence, with Bitcoin recording a 99.44% monthly growth.