Maxicreed01

While the crypto market seems to be facing some challenges concerning adoption which was obvious in the Q2 market report from CG and tokeninsight. The youth seems to be very resilient in exploring this emerging market. Statistics has shown that a fractional percentage of the world population that own crypto is 4.2% which translate to about 450 million users world wide. The top countries that constitute this statistic are: USA -46 million+ India -27 million+ Pakistan -26 million+ Nigeria -22 million+ Vietnam -20 million+ Crypto owners demographics also show that 63% are male and 37% female which means a lot needs to be done to on board the feminine gender. 72% of the entire crypto users are also youth within the age bracket of 30 to 35 years This is why i think we are still evolving but aggressive awareness by the top players should be encouraged. CZ and Gracy Chen deserves some commendation for always creating the desired awareness particularly on twitter lol 🤣 🤣 X platform I guess. The upcoming maiden crypto experience day to be hosted by Bitget in 9 different countries on the international youth day will be helpful. Tho, I feel reaching out to the youthful populace in the grassroots should also be the focus because the GenZ are already abreast of the potential of Blockchain technology and cryptocurrency.

I think Azit concept could give birth to another huge DeFi like Blockchain such as Ethereum. Their Proptech Blockchain could onboard investors and customers in property and real estate sector to their ecosystem. With its coin already been accessible via listing; it's indeed worthy to keep a close tab on this project cos it's token is also has interesting utilities.

Crypto market was met with quite a number of challenges recently which is obviously the reason we didn't see significant increase in trading volume but I guess the impressive performance by the two two Bs exchanges particularly Bitget could be tied to their innovative ideas. Their success story in Copy trading which has onboarded good number of elite traders has eased the adoption of crypto cos record have it that more than 500k users copy trades from those elite traders but I think more still needs to be done and the era of traditional big names could be over which is the beauty of decentralization

This is quite educative and that's why I usually subscribe to copy trading on one the largest crypto copy trading exchange. It saves me from the emotional stress associated with trading and often times reduce my exposure to losses.

Your point 2 and 3 are very important cos adoption will definitely have positive impact on the market. Amazon's plan to explore blockchain technology could be the spotlight for other major firms to adopt the technology and the consequence might be global adoption of blockchain and acceptance of crypto for transaction. I also think Gracy Chen and CZ should be acknowledged for their effort in creating the desired awareness for the adoption and growth of web 3 which is also factor that could ignite the next bull run.

I guess those event could be one of the reasons Litecoin network has seen impressive numbers of transactions recently. Statistics shows 10 million transactions have been made and counting. I am only aware the trading contest on Bitget, MEXC and Houbi. I will like to know if Kraken or Binance has a similar arrangements for her users.

This year Litecoin halving has seen many argue its potential impact on its price but the question is " does it really affect its price?" Records shows 2015 & 2019 halving all saw +500% price performance and creating new ATHs in every halving year but how true is it? The first halving was in August 25th, 2015 and the price action in that period wasn't encouraging but good for accumulation cos post halving was very interesting. Although, it wasn't imminent. Significant price action started early 2017; almost 2 years after. August 5th, 2019 halving had similar scenario. Price was on a decline; presenting accumulating opportunity for the diamond hands to buy and HODL during this halving period. History repeated itself much later and another new ATH was created in May 2021. This year halving may not be different from the previous records cos HH has been created and its now retracing to grab liquidity to push up and create a new HH. This is obviously another accumulation phase for $LTC maximalist. The obvious lesson from Litecoin halving is; "Accumulation and HODL". Litecoin halving hype is indeed real but how are we preparing and do we think a new ATH is in play?

Amidst uncertainty and doubt about the safety of most centralized exchanges after FTX collapse, most top CEXes adopted and launched the Merkel tree Proof of Reserve to proof. This concept have given traders the opportunity to access the liquidity state of their various preferred exchanges. This initiative may have restored confidence on the use of centralized exchanges. However, few exchanges have further introduced a concept that wouldn't only prove their healthiness (based on liquidity alone) but to some extent give new user and existing traders confidence of assets safety. The customer protection fund is the emerging concept and could be another verifiable tool to identify a healthy exchange because there have been concerns about relying only only on PoR due to the fact its only a single snapshot in time and not a live accounting of the total assets. Top CEXes such as Binance, Bitget and OKX have launched the customer protection fund with total value of the fund already exceeding $2 billion. These 3 CEXes are currently the few to adopted this emerging concept ( check Blockchain analytic firm from Nanseen on June 14 and cointelegraph Zhiyuan Sun June 15). This should be a welcome development even though it doesn't guarantee assets safety and solvency of an exchange but it a confidence boost and has obviously led to increase in liquidity on the above mentioned CEXes except for Binance which may be attributed to their current litigation with the U. S SEC and exit from few European and north American countries.

Cryptocurrency transaction is actually meant to be encrypted but a lot have changed with increasing adoption and that's why most OGs in the industry aren't kul with the proliferation of KYC by some Centralized exchanges. I think few exchanges like Mexc, Bingx and particularly Bitget are the few that tolerate non KYC transaction. Although, the increasing call for government regulation might be linked to the call for mandatory KYC.

With the advent of web 3. We have began to appreciate the emergence of Blockchain technology. A good number of GameFi/SocialFi projects have shown how one can earn passively without necessarily investing heavily on projects. STEPN, FITFI and Bikerush were a good example and I think their emergence has also created great utility for NFTs because to earn STEPN utility token you have to use it's NFT sneakers to move or walk around. TypeIt is another latest Web3 that came to my notice via Bitget launchpad. It's first ever Web 3 NFT themed keyboard allow the earning of their in-game token I guess we are yet to tap the full potential of Blockchain technology but while we are still exploring it; Gamefi and Socialfi have also contributed to the massive adoption of web 3 in the utility of Blockchain technology.