Friends who like watching UFC should all know the little eagle Khabib
A professional career undefeated fighter with 29 wins, who has defeated sports superstar McGregor
Joining the UFC Hall of Fame, he has come to Binance to participate in Blockchain Week, which shows that Binance is becoming more and more international and doing better and better.
The crypto circle is no longer the niche it used to be, seen by people as a gambling circle. It is slowly accepting global regulation and gradually integrating into mainstream society and mainstream finance.
We are all lucky ones of this era. Blockchain has only been around for 16 years so far, and we can be considered early participants. I hope we can witness Bitcoin become a global currency together in our lifetime and witness the growth of this circle. I hope everyone has no regrets in this life!!!

Okay, let's talk about one of the hardest truths in this space – the elusive 5x, 10x, 20x...
Well, we've all been there - caught up in the hype, dreaming of investing in that one coin that's going to moon and make us rich beyond our wildest dreams, the cryptocurrency market is genuinelyknown for this. But let's get real – not every cryptocurrency can 10x in value. In fact, some are already so big that it's "mathematically" impossible for them to achieve that kind of growth.
Take XRP for example. As of the time of writing this, XRP is hovering around $2.5, with a market cap of $146.03 billion. To reach a price of $5, its market cap would need to increase to $292.06 billion. That's approximately 65% of Ethereum's current market cap. And if we want XRP to reach the same price as ETH, i.e. over $3.5k? 😳😳 Forget about it my friend! Its market cap would need to balloon to a staggering $1.65 trillion. For context, the entire crypto market cap is $3.82 trillion with BTC scooping approximately 51.33% of it or $1.96 trillion. What I am saying is that, at just $2.5, XRP has an overwhelming market cap. How much market cap do we need to see its price rise to $100, $1,000...?
You get it?
But XRP is not alone. Other big-name cryptocurrencies like Litecoin and Bitcoin Cash are also capped. Litecoin, for example, has a market cap of around $10 billion. To reach a price of $1,000 in this bull run (which is still a far cry from Bitcoin's current price), its market cap would need to increase to a whopping $65 billion. That's a 650% increase, which is just not sustainable.
And then there's Bitcoin Cash, which has a market cap of around $5 billion. To reach a price of $1,000, its market cap would need to increase to a staggering $50 billion. That's a 1,000% increase, which is just not realistic in the few months left until we start digging dip.
But don't just take my word for it. Let's look at a striking example. Ethereum's price skyrocketed from around $8 in January 2017 to over $4,000 in 2024. That's a staggering 50,000% increase over 7 years. However, Ethereum started from a relatively low market capitalization, allowing it to experience exponential growth. In contrast, XRP's current market capitalization is significantly higher, making it much more challenging to achieve similar growth. Despite Ethereum's impressive 50,000% increase, XRP's market cap would need to grow by an unsustainable amount to achieve a similar price increase. This underscores the reality that XRP, and other large-cap cryptocurrencies, are capped and may never experience the same level of growth as smaller-cap cryptocurrencies like Ethereum was in 2017.
So, what's the takeaway here? It's simple: some cryptocurrencies are just too big to achieve that elusive 10x increase in value. Their market caps are already too high, and the numbers just don't add up even if you keep HODLing. Better opportunities lie out there.
Now, I know some of you are going to disagree with me on this. You're going to say that I'm being too pessimistic, that the cryptocurrency market is unpredictable, and that anything can happen. And you know what? You're right. The cryptocurrency market is unpredictable, and anything can happen.
But let's be realistic here. We need to look at the numbers and understand the limitations of each cryptocurrency. We can't just blindly invest in a coin because we think it's going to moon. We need to do our research, understand the market dynamics, and make informed decisions.
So, the next time you're tempted to invest in a cryptocurrency because you think it's going to 10x, take a step back and look at the numbers. Is it really possible for that coin to achieve that kind of growth? Or are you just getting caught up in the hype?
Disclaimer: The cryptocurrencies mentioned in this article, including XRP, are used solely for illustration purposes. This article should not be considered as trading/financial advice. The decision to HODL, buy, or sell XRP or any other cryptocurrency is entirely yours. Always DYOR!
$XRP $ETH $BTC
#2024withBinance #Write2Earn! #DOGSONBINANCE #BinanceBlockchainWeek #CryptoMarketMoves

What is blockchain technology and its impact on the future?

introduction

Blockchain technology is one of the most important modern technological innovations that is changing the way we manage data and transactions. It was first used with digital currencies such as Bitcoin, but now it extends to various fields such as finance, health, trade, and education.

Binance Blockchain Week 2024, one of the most significant events hosted by Binance to date, kicked off in Dubai. With over 200 industry leaders in attendance, the event focused on the future of blockchain under the theme “Momentum,” highlighting the ongoing growth of the sector and laying the foundation for ecosystem development.
Keynote Highlights:
“2024 as a Blockchain Turning Point”
Binance CEO Richard Teng described 2024 as a pivotal year, noting the launch of a US ETF as a major step forward. "Corporate insights are starting to shape the blockchain agenda, which brings both benefits and challenges," Teng remarked, stressing the need for blockchain to be future-ready. He added that collaborative efforts are intensifying to provide more inclusive financial services.
“Dubai’s Emergence as a Global Tech Hub”
Dubai Future Foundation CEO Khalfan Belhoul highlighted Dubai’s transformation from a complex region to a tech hub, driven by visionary leaders who embrace calculated risks. He noted that while Web3 lacks a clear definition, core values like privacy, security, and interoperability remain central, with new opportunities arising from Web3 and AI integration.
“Dubai’s Leadership in Blockchain”
Dubai Blockchain Center CEO Dr. Marwan Alzarouni shared that blockchain has become mainstream in Dubai, thanks to early investments and strategic partnerships. "Dubai measures its success against its own progress, rather than other regions," he added, emphasizing that regulation is essential for blockchain’s journey into the mainstream.
“El Salvador’s Vision as a Digital Asset Hub”
JC Reyes, President of El Salvador’s National Digital Asset Commission, outlined the country’s goal to become a crypto and digital asset center under President Bukele’s vision. Reyes mentioned regulatory updates focused on progressive and sustainable frameworks, highlighting the importance of education and knowledge.
“The Need for Change and Licensing in Crypto”
SGB CEO Shawn Chan emphasized that regulation and licensing are vital to the industry’s future, creating more opportunities for institutional involvement. Payment systems and stablecoins, he added, are instrumental in this growth phase.
“Institutional Investors and the Path to Mainstream Adoption”
Walid Hizaoui, Chief Strategy Officer at Gargash Group, noted the growing confidence of institutional investors as the crypto industry matures. He stressed that a frictionless user experience will be critical to the sector’s mass adoption.
“Preparing for a Billion New Users”
Binance CTO Rohit Wad shared Binance’s goal of reaching one billion users through a robust KYC system, AI-driven infrastructure, and innovation. He confirmed that Binance complies with 30 regulatory frameworks across 20 countries.
“Community-Driven Crypto Projects”
Diana Biggs, Partner at 1kx, emphasized the importance of building community-centered crypto projects, noting that collaborative efforts help multiply the impact of innovations.
#BinanceBlockchainWeek #binance #BTCBreak72 K #BNB

Ethereum (ETH) is poised for a pivotal yearly close as 2024 draws to a close, with Google’s (NASDAQ:GOOG) Gemini AI model forecasting a rally to $4,500 by December. It is currently trading around $3,345, continuing to swing within a tight trading range between resistance at $3,450 and support at $3,200.

Let me explain what's happening now, so you know whether you should buy the dip now you have the opportunity, or wait a bit.
A bull market is not a straight line, making 10X, 30X, 50X, etc. is not always a one-off.... you go to make 5X then it drops to 1.5X or 2.5X, then it goes up to 15X and drops again before 30X, etc....
This is what happened.... Bitcoin hit its all-time high 3 times in a row 🤯... It's natural to expect a correction... But as a big teacher in the crypto world... Whatever happens to the leader, happens to everyone...

Binance Blockchain Week 2024, one of the most significant events hosted by Binance to date, kicked off in Dubai. With over 200 industry leaders in attendance, the event focused on the future of blockchain under the theme “Momentum,” highlighting the ongoing growth of the sector and laying the foundation for ecosystem development.
Keynote Highlights:
“2024 as a Blockchain Turning Point”
Binance CEO Richard Teng described 2024 as a pivotal year, noting the launch of a US ETF as a major step forward. "Corporate insights are starting to shape the blockchain agenda, which brings both benefits and challenges," Teng remarked, stressing the need for blockchain to be future-ready. He added that collaborative efforts are intensifying to provide more inclusive financial services.
“Dubai’s Emergence as a Global Tech Hub”
Dubai Future Foundation CEO Khalfan Belhoul highlighted Dubai’s transformation from a complex region to a tech hub, driven by visionary leaders who embrace calculated risks. He noted that while Web3 lacks a clear definition, core values like privacy, security, and interoperability remain central, with new opportunities arising from Web3 and AI integration.
“Dubai’s Leadership in Blockchain”
Dubai Blockchain Center CEO Dr. Marwan Alzarouni shared that blockchain has become mainstream in Dubai, thanks to early investments and strategic partnerships. "Dubai measures its success against its own progress, rather than other regions," he added, emphasizing that regulation is essential for blockchain’s journey into the mainstream.
“El Salvador’s Vision as a Digital Asset Hub”
JC Reyes, President of El Salvador’s National Digital Asset Commission, outlined the country’s goal to become a crypto and digital asset center under President Bukele’s vision. Reyes mentioned regulatory updates focused on progressive and sustainable frameworks, highlighting the importance of education and knowledge.
“The Need for Change and Licensing in Crypto”
SGB CEO Shawn Chan emphasized that regulation and licensing are vital to the industry’s future, creating more opportunities for institutional involvement. Payment systems and stablecoins, he added, are instrumental in this growth phase.
“Institutional Investors and the Path to Mainstream Adoption”
Walid Hizaoui, Chief Strategy Officer at Gargash Group, noted the growing confidence of institutional investors as the crypto industry matures. He stressed that a frictionless user experience will be critical to the sector’s mass adoption.
“Preparing for a Billion New Users”
Binance CTO Rohit Wad shared Binance’s goal of reaching one billion users through a robust KYC system, AI-driven infrastructure, and innovation. He confirmed that Binance complies with 30 regulatory frameworks across 20 countries.
“Community-Driven Crypto Projects”
Diana Biggs, Partner at 1kx, emphasized the importance of building community-centered crypto projects, noting that collaborative efforts help multiply the impact of innovations.
#BinanceBlockchainWeek #binance #BTCBreak72 K #BNB