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Surprise ....! #crypto #dips #buythedip
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Research by Bitget Reveals Cryptocurrency Utilization in Buying Goods, Gaming, and Traveling Bitget's recent report highlights a shift in cryptocurrency trends from speculation to spending, based on a survey of its Wallet community. The study found that over 35% of respondents used crypto for daily transactions, gaming, and travel. Globally, the top areas of usage were gaming (36%), daily purchases (35%), and travel bookings (35%). There are regional variances, with East Asia leading in digital product and daily purchase interests, Southeast Asia dominating in gaming and gifting, the Middle East focusing on gaming and luxury items, Africa ranking highest for educational payments, and Latin America and Europe focusing on digital product purchases and travel bookings, respectively. The report also shows generational spending differences, with Gen Z favoring gaming and gifting, millennials preferring travel and gaming, and Gen X leaning towards travel and larger or essential purchases.
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It would be fun, they said... #crypto #trading #cryptotrading
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Advocate Predicts a 6x Increase in XRP Value, But is it Feasible? Ripple's XRP has recently seen massive gains, even surpassing Tether's USDT stablecoin to become the third-largest cryptocurrency with a market capitalization of around $208 billion. Well-known XRP advocate John Squire has identified a pattern in XRP's trading chart suggesting a potential 6x growth, based on similar trends 36 weeks ago. However, for this to happen, XRP would need to reach a market cap of around $1.2 trillion, which is three times that of Ethereum, and maintain buy-side liquidity in the hundreds of millions, if not billions. Despite a 15% reduction in volume over the last 24 hours, XRP is gearing up for another potential move, with Thumzup Media Corporation approving a $250 million investment plan to expand its crypto holdings, including XRP.
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Ethereum Treasuries Shift from 'Digital Gold' Strategy to Yield-Based Staking: The Importance of This Transition A surge in companies aligning with Ethereum's economic ecosystem is leading to a shift from Bitcoin's 'digital gold' model to a more active, yield-generating approach. Instead of passively holding crypto, companies like SharpLink, BitMine, Bit Digital, and GameSquare are actively using Ethereum as a productive reserve asset, employing strategies such as staking and DeFi strategies. These companies are funding their strategies with equity, thereby avoiding the vulnerabilities associated with debt obligations. Their capital is actively deployed to improve network security and stability and support Ethereum's infrastructure. Despite risks such as dilution and price swings, this new model is seen as more engaged and capital-efficient. Also, several companies are significantly increasing their Ethereum holdings, with SharpLink becoming the largest corporate holder of Ethereum.
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