sub saharn African countries remain one of the lowest ranked countries in the world interms of crypto adoption. subsaharan africa has the smallest crypto economy in the world account to about 2.3% of the global transactions. What should crypto exchange companies do to creat awareness and improve the usage of digital currencies? Well the answer lies in mobile money adoption.
Sub-Saharan Africa leads the world in regard to mobile money accounts, both for registered as well as active accounts. In 2022, around 47.69 percent of the registered accounts worldwide were traced back to the African region south of the Sahara. At 218 million, the number of active accounts in Sub-Saharan Africa was also higher than in the rest of the world. By the same year, there were 154 live services in the region, accounting for approximately 48.89 percent of the world's amount. the exchange platform that can rapidly adopt buying, selling , and exchange of digital asset directly will see a tremendous growth in sub saharan africa because the majority of mobile money users can easly switch to digital assets if the switch is easy, convenient and cheap. over to you #BinanceAfrica #USTariffs #BybitHackLaunderingInvestigation #USTariffs #StablecoinSurge
#AIMarketCapDip #AIMarketCapDip #CryptoMarketDip # The crypto market experienced a significant sell-off today, with Bitcoin (BTC) dropping notably below $94,000. Along with BTC, major altcoin prices are also declining, and the total cryptocurrency market capitalization has fallen to $3.3T, marking the lowest level in almost a month.
This sell-off stems from last week's Federal Reserve's (Fed’s) monetary policy announcement, with Bitcoin falling below $100,000. Market participants witnessed a sharp decline across cryptocurrencies, triggering substantial liquidations and affecting the total market capitalization.
Let’s check together why crypto is down today and what the technical price predictions for Bitcoin, Ethereum, Ripple, and XRP are.
Why Is Crypto Crashing?
The cryptocurrency market has had a challenging period over the past day and week. Both Bitcoin and major altcoins, including Ethereum, XRP, and Dogecoin, have experienced significant losses. During Monday's session, Bitcoin's price briefly dipped below $94,000. While it has since recovered somewhat to $95,800, it still shows an 8.5% decline over the past week.
Ethereum has seen even steeper losses, dropping nearly 16% during the same period, with its current price hovering around $3,300. XRP has declined by 8% and now trades at $2.20. Meanwhile, the meme-inspired Dogecoin, which ranks as the seventh-largest cryptocurrency by market capitalization, has shed 21% of its value, currently trading at $0.31
#CryptoMarketDip The crypto market experienced a significant sell-off today, with Bitcoin (BTC) dropping notably below $94,000. Along with BTC, major altcoin prices are also declining, and the total cryptocurrency market capitalization has fallen to $3.3T, marking the lowest level in almost a month.
This sell-off stems from last week's Federal Reserve's (Fed’s) monetary policy announcement, with Bitcoin falling below $100,000. Market participants witnessed a sharp decline across cryptocurrencies, triggering substantial liquidations and affecting the total market capitalization.
Let’s check together why crypto is down today and what the technical price predictions for Bitcoin, Ethereum, Ripple, and XRP are.
Why Is Crypto Crashing? The cryptocurrency market has had a challenging period over the past day and week. Both Bitcoin and major altcoins, including Ethereum, XRP, and Dogecoin, have experienced significant losses. During Monday's session, Bitcoin's price briefly dipped below $94,000. While it has since recovered somewhat to $95,800, it still shows an 8.5% decline over the past week.
Ethereum has seen even steeper losses, dropping nearly 16% during the same period, with its current price hovering around $3,300. XRP has declined by 8% and now trades at $2.20. Meanwhile, the meme-inspired Dogecoin, which ranks as the seventh-largest cryptocurrency by market capitalization, has shed 21% of its value, currently trading at $0.31.
Gameswift is a portfolio company of Token Metrics Ventures that has seen remarkable growth. With a 50x return in just one year, GameSwift is a prime example of the potential of lowcap altcoins.
The project aims to revolutionize the gaming industry by leveraging blockchain technology. With its innovative approach, GameSwift has gained traction in the market and offers investors the opportunity to be part of the gaming revolution.
if we were to rank countries based on their actual number of crypto owners, India would rank first at 93 million people, China would rank second at 59 million people, and the U.S. would rank third at 52 million people. in africa however none of countries ranks even clos to the top countries. with Nigeria leading in africa in countries most interested in crypto it however no where close to the top. with a population of over 1.2 billion people there's a huge potential for crypto growth in African considering most of African countries currency are not recognised or able to trade internationally. how can we reach out to the young people in africa to exploit crypto potential? what methods can work? #BinanceAlphaAlert #DEXVolumeRecord #SolvProtocolMegadrop