Tag: Investors

Turkey sees rise in adult crypto investors, report reveals

A recent report by the crypto exchange KuCoin reveals that more than half of the adult population in Turkey invests in cryptocurrencies. The report, titled “Into The Cryptoverse: Understanding Crypto Users in Turkey,” discloses that 52% of the country’s adult population was engaged in crypto investments as of May 2023. This rate was 40% in November 2021. Moreover, this indicates a remarkable 12% increase over the past 18 months. The surge brings to light the growing prominence of the crypto industry within Turkey despite prevailing market conditions. Turkish nationals’ desire…

DYDX Is Up By 11% In A Week, But Investors Must Watch Out For This Event

DYDX, the native token of a decentralized exchange (DEX) with the same name, has been on a good run in the past few days. According to CoinGecko data, the cryptocurrency’s price jumped by 10.7% in the past week, reflecting a positive performance after an unfavorable start to August. However, there has been rising concern that this spurt of bullish momentum may be short-lived. And the upcoming token unlock event is the primary source of this skepticism. dYdX To Unlock $13.8 Million Worth Of Token In Single Event Token unlock events…

Can Whale Investors Bring PEPE Back In Action?

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PEPE is garnering attention from major investors as the buzz surrounding the meme coin continues to grow. However, despite the increasing interest, these tokens are grappling with a persistently bearish sentiment, as their price performance remains lackluster. In an interesting turn of events, a significant number of investors are beginning to cast their gaze upon PEPE. Lookonchain’s latest report reveals a notable occurrence – a user invested 27 ETH, equivalent to $45,000, to secure a staggering 50 billion of the frog-themed token. More astonishingly, this same investor managed to acquire…

investors pick Borroe over Maker and THORChain

The crypto market can present opportunities for discerning investors. At the moment, investors are looking at Maker (MKR), THORChain (RUNE), and Borroe (ROE), considering their growth potential. ROE is the newest of the three tokens, and analysts maintain a bullish preview of this project.  This article digs deeper, exploring why. Maker’s revenues soar to a 2-year high MakerDAO’s rising network activity has pushed its revenue to $165 million, a 2-year high. The increase follows the surge of DAI deposits, which currently stand at 5.5 billion DAI, a near 4-fold increase.…

Bitcoin’s halving pattern suggests Q4 is critical for investors

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Filbfilb analyzes Bitcoin’s halving pattern to predict an explosive Q4 for BTC price action. The familiar Bitcoin halving cycle has turned heads again, hinting at a significant shift in BTC price behavior as the final quarter of 2023 approaches. With industry experts closely monitoring the trend, many smart investors are taking advantage of the situation, positioning themselves for a notable surge in value. Bitcoin’s price seems destined to remain rangebound until at least the fourth quarter…

Apecoin Shatters Key Level – Should Investors Get Worried?

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Apecoin (APE) finds itself in turbulent waters as the once-promising gaming token experiences a precipitous decline, marking a 30% drop in the last 30 days, despite the efforts of bullish investors to shore up its value, APE has plummeted well below the $1.70 support level, raising concerns of a potential free-fall that could see its value revisit the abyss of $1. Currently trading at $1.41, according to CoinGecko, APE has faced a 6% decline in the past 24 hours and a 7.2% loss over the last seven days.  APE price…

A third of US investors are open to trusting AI financial advice: Survey

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Around one in three United States investors would be open to following AI-generated financial advice without verifying it with another source, according to a recent survey. On Aug. 22, the Certified Financial Planner Board of Standards released the results of a poll that surveyed over 1,100 adults in early July.  Only 31% of the respondents had actually received financial planning advice from AI, with 80% recorded some level of satisfaction with the experience. Older respondents were more likely to be satisfied with the experience compared to those under 45 years of…