The most popular cryptos more than ever! 🚀
Welcome to the Daily Tribune on Tuesday, June 4, 2024 ☕️
Hello Cointribe! 🚀
Today is Tuesday, June 4, 2024, and like every day from Tuesday to Saturday, we summarize the news from the last 24 hours that you shouldn't miss!
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡️ Temperature:
Partly sunny 🌤️
24h crypto recap! ⏱
Crypto: +500 million people own it in 2024! 🚀
In 2024, the world of cryptos reaches a major milestone with 562 million crypto owners worldwide, representing a 34% increase compared to the previous year. Young adults aged 24 to 35 are the main holders, accounting for 34% of this population. The United Arab Emirates and Singapore are leading the way, followed by countries like Turkey and Argentina. The Asian region dominates with 326.8 million owners, compared to 72.2 million in North America. The compound annual growth rate (CAGR) of cryptocurrencies of 99% between 2018 and 2023 far surpasses that of traditional payment methods, set at 8%. 🔗 Read the full article here.
Michael Saylor remains confident despite the fall of BTC 🛡️
Bitcoin recently fell below the $68,000 mark, prompting various reactions among investors. Michael Saylor, co-founder of MicroStrategy and a staunch crypto advocate, expressed his continued confidence in Bitcoin despite this decline. He shared a symbolic image on Twitter, highlighting the resilience and collective strength of the Bitcoin network. Several macroeconomic factors, including a slight increase in the personal consumption expenditure (PCE) price index, contributed to this decline, but Bitcoin has shown a quick recovery ability. Investors may feel some short-term uncertainty, but the confidence of leaders like Saylor plays a key role in stabilizing market perceptions. 🔗 Read the full article here.
Shiba Inu: June is expected to be eventful! 🌪️
Shiba Inu (SHIB) holders should prepare for an eventful June. The latest analysis shows increased selling pressure with 2.60 trillion SHIB tokens sent to exchange platforms, potentially leading to a price decline. Since the beginning of the year, SHIB has already recorded a 6.49% drop, currently trading at $0.00002497. In parallel, the growth of the SHIB network is declining, indicating a decrease in adoption and interest. The daily circulation of SHIB is also low, which could maintain pressure on the price. 🔗 Read the full article here.
Crypto of the day: Notcoin (NOT)
Notcoin is based on the TON blockchain, bringing innovations in transaction speed and scalability. Its added value lies in its easy integration with decentralized applications (dApps) and its ability to handle numerous users simultaneously.
The NOT token is mainly used for transaction fees on the network and for participating in governance. Distributed through airdrops and reward programs, it offers advantages such as fee discounts and voting rights on network improvement proposals. Usable in various ecosystems, it supports applications ranging from gaming to decentralized finance (DeFi).
Recent performance
Current price: $0.02565
Percentage increase/decrease: +21.54% (1-day increase)
Market cap: $2,637,997,029
Rank on CoinMarketCap: 46
Ethereum expected to rise due to massive withdrawals from CEX?
Over the past week, 797,000 ETH, with a total value of $3 billion, have been withdrawn from these platforms. This trend has led to a decrease in the circulating supply of Ether, which, according to analysts, could stimulate a price increase.
Several factors explain this phenomenon. Firstly, the recent approval of Ethereum ETFs in the United States has generated renewed interest in the cryptocurrency. Investors anticipate the imminent launch of these ETFs, which should make access to Ethereum easier and increase its demand. Furthermore, the current economic uncertainty is pushing some investors to seek safe haven assets such as gold and Bitcoin, which could also have a positive impact on the price of Ethereum.
The future of Ethereum looks promising. The combination of reduced circulating supply, growing demand, and increasing institutional adoption could propel the price of Ethereum to new heights. However, investors considering buying Ethereum should conduct thorough research and understand the risks involved before making any investment decisions.