$1M – $10M MarketCap:

1. Hot Cross (HOTCROSS): 95%
2. Pou (POU): 74%
3. Tower (TOWER): 25%
4. Patex (PATEX): 22%
5. Gorilla (GORILLA): 10%

$10M – $100M MarketCap:

1. iMe Lab (LIME): 262%
2. Cryptex Finance (CTX): 52%
3. Chappyz (CHAPZ): 37%
4. Propy (PRO): 32%
5. POGAI (POGAI): 29%

$100M – $1B MarketCap:

1. REI Network (REI): 48%
2. Frontier (FRONT): 40%
3. Alchemy Pay (ACH): 21%
4. Zebec Protocol (ZBC): 19%
5. Echelon Prime (PRIME): 16%

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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El Salvador has taken a significant step in reinforcing its commitment to cryptocurrency by moving a substantial part of its Bitcoin assets to a cold wallet, President Nayib Bukele revealed. This innovative approach, termed the nation’s “initial Bitcoin savings bank,” is a strategic move to enhance the security and longevity of its digital currency holdings. By choosing a cold storage solution, housed securely within the country’s borders, El Salvador aims to safeguard its Bitcoin from online threats, ensuring its digital wealth remains untouched and secure. The move sees the cold wallet being funded with 5,689.69 BTC, which is worth roughly $406 million, effectively doubling the publicly acknowledged value of the country’s Bitcoin reserves to an estimated $200 million. This development is not only a testament to El Salvador’s bold embrace of Bitcoin as legal tender in 2021 but also positions the nation as a forward-thinking player in the global cryptocurrency landscape, subtly promoting the viability and importance of digital assets.

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The crypto world experienced a significant resurgence in 2023, with investors pocketing billions in profits, according to a Chainalysis report. Despite the shadow of previous years’ losses, the crypto market bounced back, with realized gains hitting $37.6 billion. This recovery, though not as robust as the $159.7 billion peak in 2021, marks a notable turnaround from the $127.1 billion in losses reported in 2022. Investors’ strategy to hold onto their assets, anticipating further value increases, played a key role in this revival.

The positive trend was briefly interrupted by regulatory actions in the U.S. but regained momentum with the prospect of Bitcoin ETF approvals. The United States emerged as the leading country in realized crypto gains, followed by a diverse group including the UK, Vietnam, China, Indonesia, India, Russia, and South Korea, all surpassing the $1 billion mark. This upturn highlights the global appeal and resilience of the cryptocurrency market, especially in Asia’s varying income countries, underlining a broad-based recovery and sustained interest across the globe.

Chainalysis Report

The cryptocurrency investment landscape has reached a pivotal milestone, with assets under management (AUM) for crypto exchange-traded products at leading firms like BlackRock, Fidelity, ProShares, and 21Shares surpassing the $100 billion mark. This surge is largely driven by the massive interest in newly launched U.S. spot bitcoin ETFs, as pointed out by CoinShares’ James Butterfill. Remarkably, this record was set just a day after global crypto funds exceeded the entire 2021 yearly inflow record in less than three months of 2024, highlighting the significant shift in investor sentiment towards cryptocurrencies. The influx into these spot bitcoin ETFs, including the standout BlackRock’s IBIT ETF which alone saw an $849 million daily inflow, signals a robust and growing mainstream acceptance of digital assets. This trend not only emphasizes the escalating trust in cryptocurrencies but also sets a new standard for their role in the global investment arena.

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BIGCAP COINS:

1. Pepe: Market Cap of $4.2 Billion.
2. FLOKI: Market Cap of $2.6 Billion.
3. dogwifhat: Market Cap of $3.3 Billion.

MIDCAP COINS:

1. Aevo: Market Cap of $336 Million.
2. Waves: Market Cap of $494 Million.
3. Storj: Market Cap of $345 Million.

RISING COINS:

1. Blendr Network: Market Cap of $43.8 Million.
2. Mog Coin: Market Cap of $473 Million.
3. Grok: Market Cap of $122 Million.

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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This article originally appeared in the Sound Advisory blog. Sound Advisory provide financial advisory services and are specialize in educating and guiding clients to thrive financially in a bitcoin-powered world. Click here to learn more.

“Belief is a wise wager. Granted that faith cannot be proved, what harm will come to you if you gamble on its truth and it proves false? If you gain, you gain all; if you lose, you lose nothing. Wager, then, without hesitation, that He exists.”

– Blaise Pascal

Blaise Pascal only lived to age 39 but became world-famous for many contributions in the fields of mathematics, physics, and theology. The above quote encapsulates Pascal’s wager—a…

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Eleven approved Bitcoin ETFs have painted the pioneering cryptocurrency with a fresh coat of legitimacy. By receiving an official blessing from the Securities and Exchange Commission (SEC), an institutional investing barrier has been lifted.

With this barrier gone, financial advisors, mutual funds, pension funds, insurance companies and retail investors can now receive Bitcoin exposure without hassling with direct custodianship. More importantly, a taint has been scrubbed off from Bitcoin, previously likened to “tulip mania”, “rat poison”, or “index of money laundering”.

Following the unprecedented domino of crypto bankruptcies throughout 2022, Bitcoin price reverted to…

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Non-Custodial Wallets/Self-Custodial:
In the realm of crypto, ownership is synonymous with control over one’s private keys. Non-custodial wallets embody this principle by ensuring that the user alone has access to their keys.

Browser Extension:

MetaMask: Accessible and secure gateway to Ethereum blockchain. Coinbase Wallet: User-friendly interface, doubles as a window to decentralized apps. Trust Wallet: Prioritizes trust with robust security and simple UX.

Browser:

Opera: Integrates wallet for seamless web3 services.
Brave: Privacy-focused browser with integrated wallet for crypto interaction.

Web:

Near: Simple, scalable web wallet for everyday users and developers.

Cross-Browser:

Portis: Secure, simple wallet experience across browsers, enhancing compatibility.

Custodial wallets:
Custodial wallets are managed by third parties, such as cryptocurrency exchanges. These platforms hold the keys to your assets, and they offer an easy setup and quick access to trading platforms.

Exchange

Binance: As one of the leading cryptocurrency exchanges globally, Binance offers a custodial wallet that is as versatile as its trading options.
Coinbase: With its custodial wallet, Coinbase has become synonymous with ease and insurance, offering a safeguarded path for newcomers.
Kraken: With a reputation for security and regulatory compliance, Kraken’s wallet services are trusted by a vast swath of the cryptocurrency community.

Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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