🚀 New Altcoin Listings Show Decline in Value Over Time
According to NS3.AI, CoinGecko's recent analysis reveals that approximately 90% of newly listed altcoins on the top 12 centralized exchanges have fallen below their initial listing price within a year. The report highlights that only about 32% of these new listings experienced immediate gains upon going live. Furthermore, by the end of the 12-month period, fewer than 10% of tokens listed on major exchanges maintained a value above their debut price.
#Altcoins#Cryptocurrency#CoinGecko#CryptoMarket#TokenValue#NewListings#CryptoExchanges#MarketDecline#NS3AI#CryptocurrencyTrends#Investment
Utah Establishes First Bitcoin Reserve
🔵 Utah becomes the first U.S. state to create a strategic Bitcoin reserve. This initiative aims to enhance regional economic stability and protect state assets from inflation and market fluctuations. Read more here.
🔴 In contrast, Russia remains hesitant to include Bitcoin in its National Wealth Fund, citing its volatility. Nevertheless, the Deputy Minister of Finance indicated a review of the strategy may occur if reserves reach a certain level, potentially incorporating higher-yield assets like crypto in the future. Read more here.
⭐️ Gemini cryptocurrency exchange confidentially filed for an IPO, partnering with Goldman Sachs and Citigroup, potentially eyeing a market entry in 2025. More details available here.
#Bitcoin#Utah#Crypto#Russia#IPO#Gemini#Finance#Market#Investment#ETF#Volatility#Assets#Economy#Regulation#Wealth#Liquidity#Traders#CryptoExchanges#BNB#BSC#VC