Crypto Market Update!! This H1 Report is a Must-Watch!
Published: 2024-07-25
Status:
Available
|
Analyzed
Published: 2024-07-25
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Tether (USDT) generated over $4.5 billion in profits from its stablecoin reserves in H1 2024.
"usdt issue a tether made over $4.5 billion doar in profits from its stable coin reserves"
Pending
The Ethereum ecosystem is focusing on Real World Assets (RWAs) and AI distributed computing, aiming to integrate traditional finance with blockchain for practical applications.
"rwas and AI distributed computing as leading narratives within the ethereum ecosystem adding that and I quote this underscores ethereum's efforts to bridge traditional Finance with blockchain technology a strategic move towards practical real world applications and pioneering Innovations"
Pending
Ethereum's market dominance reached its highest point of the year so far at 62%.
"ethereum's dominance is 62% the highest it's been this year so far"
Pending
Solana has more daily active addresses (1.6 million) than BNB (1 million).
"it's in fact salana with 1.6 million active addresses with BNB having 1 million addresses"
Pending
Ethereum experienced record low gas fees in Q2 2024, reaching levels not seen since 2020.
"ethereum has actually seen record low gas fees in Q2 of this year down to levels we haven't seen since 2020"
Pending
Toncoin surged over 3x year-to-date, BNB grew by 83%, and Ethereum by 45%.
"ton coin which has surged more than three act since the start of the Year trailing behind BNB has grown by 83% and ethereum by 45%"
Pending
Base has seen a 10x increase in Total Value Locked (TVL) since the start of the year, making it the third-largest Layer 2 solution by TVL, behind Arbitrum and Optimism.
"Base is the outperformer here with its TBL increasing by 10x since the start of the Year despite being less than a year old it has already managed to become the third largest L2 by TBL behind arbitrum and optimism"
Pending
USDC's market cap has grown by 32% since the beginning of 2024, reversing a downtrend from 2023.
"circle usdc on the other hand has seen its market cap increase by 32% since the start of this year after a downtrend throughout 2023"
Pending
The stablecoin USDE, launched in February, has seen its market cap increase by over 10x.
"newcomer usde which comes from Athena USD only launched in February and yet its market cap has already gone up by more than 10x"
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Ono Finance is a major contributor to the RWA sector, with nearly $200 million invested.
"the biggest contributor to this fund is Ono Finance which accounts for just under $200 million invested"
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The Ono coin has gained over 7x since its launch in mid-January, leading the RWA sector.
"the Ono coin is noted to be the leader of the rwa sector having gained more than sevenx since its launch in mid January"
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Bitcoin currently leads in NFT trading volume due to ordinals and runes, but Solana has the highest user activity with the most active wallets and transactions.
"it's Bitcoin that has had a slight lead due to the adoption of inscriptions ordinals and runes but the most user activity is happening on salana which has the highest number of active wallets and transactions"
Pending
Solana-based meme coins have outperformed Ethereum-based meme coins by an average of nearly 8x year-to-date.
"salana based meme coins have outperformed ethereum based mem coins by an average of almost 8X since the start of the Year"
Pending
Globally, there are now 70 spot Bitcoin ETFs holding over 1 million BTC since their US approval on January 10th.
"since their us approval on the 10th of January there are now 70 spot Bitcoin ETFs globally holding over 1 million BTC between them"
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Coinbase custodies assets for 7 out of the top 10 US spot Bitcoin ETFs, representing 78% of their total institutional Assets Under Management (AUM).
"coinbase provides custody services to seven of the 10 largest US spot Bitcoin ETF F and accounts for 78% of the total institutional assets under management or AUM"
Pending
US-listed spot Ethereum ETFs are projected to experience approximately $5 billion in inflows within the first four months of their launch.
"the authors predict that the US listed spot ethereum ETFs we'll see around5 billion dollar of inflows in the first four months or so"
Pending
Approximately 77% of Ethereum's supply is idle or illiquid, and combined with its use in gas, treasuries, and staking, this makes it less accessible for spot ETF products.
"right now around 177% of East Supply is reportedly idle or a liquid which when combined with East Ed in gas treasuries and staking makes eth less accessible for spot ETF products"
Pending
In the coming weeks and months, Bitcoin is expected to trade sideways or climb slowly, while Ethereum anticipates stronger bullish momentum.
"what is likely to happen over the next few weeks and months is BTC either chopping sideways or slowly climbing higher while ethereum starts to see a lot more bullish momentum"
Pending
The crypto market is currently in a bull market, but retail investors have not yet entered in significant numbers.
"the authors concludes that we are in the middle of a bull market but retail has yet to arrive"
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Between Q1 and Q2 of 2024, there was a significant shift in crypto traffic, with countries like Brazil, India, Indonesia, Germany, and Russia increasing their share, while the US, UK, and France saw a decrease.
"there's been a dramatic shift from q1 to Q2 of this year with many countries moving away from more traditional crypto assets notably Brazil has become the second largest country in terms of us of traffic with India Indonesia Germany and Russia following closely behind on the other hand countries like the USA the UK and France they've seen a decrease in crypto user market share"
Pending
Notcoin is gaining significant traction, being the most popular crypto in Africa and ranking second in Asia.
"the exception is Africa which actually paid more attention to the recently launched not coin in fact NCoin came in very close second place in Asia 2"
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The total value locked in RWA protocols is currently $4.3 billion, which is lower than the previous cycle's high of $6.3 billion, suggesting potential for future growth.
"the current tbll in rwa protocols sits at around 4.3 billion doar compared to the last Cycle's high of $6.3 billion suggesting our W still have room to run"
Pending
Progress on US crypto legislation has stalled, likely due to the upcoming election.
"progress has been stalled which is likely due to the upcoming election"
Pending
The UK's stablecoin regulations, initially planned for July, have been delayed due to the recent change in government following the general election.
"the FCA is also working alongside the bank of England to develop stable coin regulations which were initially set to be implemented in July however it is worth noting that the recent general election has resulted in a change of government which has likewise stall developments"
Pending
The EU introduced the Markets in Crypto Assets (MiCA) Bill in May 2023, establishing the first comprehensive crypto regulation.
"the EU introduced what the author's note is and I quote the first comprehensive crypto regulation in May 2023 with the introduction of the market in crypto assets or Micah Bill"
Pending
The UK's new Labor government, while not having heavily engaged with crypto, has not opposed it, and may develop its own regulations, possibly influenced by its relationship with the US.
"now while labor haven't really engaged with the crypto industry they also haven't said anything against it with the new prime minister Kama establishing a relationship with the US it's entirely possible that labor will take note and develop their own crypto regulations"
Pending