Is It Possible to Turn $100 into $100,000 in a Year Through Crypto Investments? 🤭

Straight to the point, let’s look at the calculation below first.

The calculation for turning $100 into $100,000 in a year through cryptocurrency investments involves estimating the potential percentage gain required. Here’s the formula:

Percentage Gain = ((Final Value - Initial Value) / Initial Value) * 100%

In this case:

• Initial Value (IV) = $100
• Final Value (FV) = $100,000

Now, plug these values into the formula:

Percentage Gain = (($100,000 - $100) / $100) * 100%
Percentage Gain = ($99,900 / $100) * 100%
Percentage Gain = 99900%

So, you would need a whopping 99,900% return on your initial $100 investment to reach $100,000 in one year.

Now, what do you think? Is it still possible?

Leave a comment and tell me 👇🏻

Bitcoin Surges as BlackRock Unveils Its Potential to Outperform Gold 🚀

BlackRock, the world’s largest asset manager, has published a white paper emphasizing Bitcoin’s potential as a #hedge against macroeconomic and geopolitical risks.

Following this, Bitcoin’s price surged by nearly 6%, reaching $62,600 for the first time in weeks. The report praises Bitcoin’s decentralized and #permissionless nature, which makes it a unique asset detached from traditional fiscal and political risks.

BlackRock’s analysis shows Bitcoin outperforming the S&P 500 and #gold during major geopolitical events. Analysts predict Bitcoin could rally to $92,000 by year-end, driven by global monetary instability and geopolitical concerns.

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See who’s back! #Bullish

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Stacks Integrates Bitcoin with Aptos Network 🤩

#Stacks is integrating its Bitcoin Layer-2 protocol with the #Aptos Network, enabling Bitcoin to be used in decentralized applications (dApps) and real-world use cases on Aptos’ Layer 1 blockchain.

Through this partnership, #sBTC , a 1:1 Bitcoin-backed token, will facilitate secure Bitcoin transfers on Aptos, unlocking new possibilities in DeFi, gaming, AI, and social platforms. This comes after Stacks resolved an SEC investigation with no enforcement actions.

The integration builds on Stacks’ recent advancements, including the Nakamoto upgrade, which enhanced transaction speeds and interoperability with other blockchain ecosystems.

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Ripple Co-Founder Chris Larsen Leads $10M Investment in Decentralized Clearing Network 🤝🏻

Chris Larsen, Ripple's co-founder, led a $10 million seed funding round for #Yellow Network, a decentralized clearing network aimed at resolving cryptocurrency inefficiencies like liquidity fragmentation, scalability, and capital inefficiency.

Supported by major firms like #Consensys , GSR, and Gate Labs, the network is built on state channel technology to offer faster trade execution and improved capital efficiency.

Decentralized clearing allows direct settlements on the blockchain without central intermediaries, though this raises concerns over balancing decentralization with consumer protections. In other news, Larsen joined corporate leaders in endorsing #Kamala Harris for the 2024 U.S. presidential race.

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SUI x USDC 🚀

#Sui co-founder and CEO Evan Chen tweeted that Sui has partnered with Circle and will soon add support for USDC. According to on-site reports, Circle CEO #Jeremy shared related information at the Sui Builder House.

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Can the Crypto Industry Regain Its Lost Excitement? 🥹

The crypto industry is in trouble because it’s no longer exciting for #traders or builders. In the past, people were drawn to crypto for two reasons: the thrill of making money through risky trades and the excitement of building new technologies. Traders and builders worked together, creating a vibrant and fast-growing industry.

But things have changed. Many of the original builders have either moved on, been restricted by #regulations , or simply stopped innovating. What’s left are gambling-like products or slow, traditional finance projects that don’t excite traders. As a result, the crypto industry is losing its appeal, and money isn’t flowing in like it used to, especially in 2024’s poor-performing altcoin market.

To revive the industry, a new wave of exciting opportunities needs to be created, or it risks staying in a #slump for a long time. What do you think? Leave your thoughts below 👇🏻

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Hamster Kombat: A Crypto Exchange CEO Simulator with Native Token HMSTR and Expansive Roadmap for 2024-2025 🐹

Hamster Kombat is a Telegram-based mini-app game where players simulate the role of a crypto exchange CEO. Its native utility token, #HMSTR , functions as an in-game currency used for purchasing items, upgrades, and accessing exclusive events.

The token’s total #supply is 100 billion, with 64.38% circulating upon its Binance listing on September 23, 2024. As of September 12, 2024, Hamster Kombat boasts a user base of 300 million, with 82 million monthly active users.

The game’s roadmap outlines significant developments, including external developer integration, #NFT mechanics, real money trading, and clan features through 2025.

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Bitcoin $100,000 is coming soon!

What do you think? 😆

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Final Dip Before Bitcoin’s Predicted Surge to $92K? 🤩

Bitcoin is set for a potential three-month rally, with analysts suggesting the cryptocurrency could #break above $92,000 based on historical patterns.

After a recent retest of the 50-week simple moving average, some believe this may be the final dip-buying opportunity before Bitcoin experiences significant gains. #Historical trends indicate that after September’s typical downtrend, Bitcoin has posted strong returns in October, November, and December.

Analysts compare the current setup to past bull cycles, highlighting that Bitcoin may be on the verge of a parabolic move, further influenced by upcoming market events like the #Federal Reserve’s next meeting.

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TON Blockchain's USDT Authorized Issuance Surpasses $1 Billion 🚀

According to #Tether 's transparency page, the authorized issuance of USDT on the #TON blockchain has exceeded $1 billion, currently reaching $1,030,000,002. Of this, approximately $309,325,516.46 is authorized but not issued, while the net circulating supply is around $720,674,485.54.

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eToro Halts Most Crypto Trading for U.S. Users in $1.5 Million SEC Settlement 🚨

#eToro , a retail trading platform, has agreed to halt almost all cryptocurrency trading for its U.S. customers as part of a $1.5 million settlement with the U.S. Securities and Exchange Commission (SEC).

The SEC accused eToro of operating as an #unregistered broker and clearing agency by offering crypto assets considered securities since 2020. eToro will now only allow trading of Bitcoin, Bitcoin Cash, and Ethereum, while customers have 180 days to sell other tokens.

The settlement reflects the company's focus on compliance and investor protection. Meanwhile, the #SEC continues legal battles with other crypto platforms over the classification of cryptocurrencies as securities.

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Is Restaking Shifting Away from Security Enhancements? 🧐

Restaking has evolved beyond its original role of enhancing #security . Initially, it aimed to extend the economic security of highly liquid assets like ETH, allowing developers to build onchain applications without needing to bootstrap new ecosystems. However, the focus has shifted. Restaking is now more about creating new types of onchain derivatives, such as restaked tokens and liquid restaked tokens, which offer additional yield and financial flexibility.

The future of restaking is driven by two key #factors : the demand for higher yields and the need for developers to create tokens. Restakers are attracted by the promise of higher returns, while developers see restaking as a way to reduce costs and enhance their products without relying solely on native tokens. However, this shift has led to fragmentation, with many restaking protocols and liquid staking solutions emerging, giving developers an abundance of choices for securing their projects.

The key #benefits of restaking today lie in offering insurance, rehypothecation (restaking assets multiple times), and improving product functionality, rather than simply providing economic security. Developers will likely choose restaked assets based on which ecosystem best aligns with their needs, making restaking a complementary tool for enhancing projects rather than a core security feature. Ultimately, restaking is becoming more about financial strategy and product differentiation than pure security.

What do you think? Comment your thoughts below 👇🏻

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Bitcoin Spot ETFs See $263 Million Inflows, Led by Fidelity and Ark Invest 🚀

On September 13, Bitcoin spot #ETFs experienced a total net inflow of $263 million. Fidelity's ETF led with a $102 million inflow, followed by Ark Invest's ARKB with $99.27 million.

Grayscale’s #GBTC ETF saw a smaller net inflow of $6.66 million. As of now, the total net asset value of Bitcoin spot ETFs stands at $54.31 billion, with a cumulative historical inflow of $17.30 billion.

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UK High Court Confirms Tether’s Status as Property 🥳

A UK High Court ruled that Tether (#USDT ) is recognized as #property under English law in a fraud case involving stolen cryptocurrencies.

The court rejected a claim against Thai exchange #BitKub due to insufficient evidence linking it to the fraud. The decision aligns with prior judgments and UK efforts to classify digital assets, including NFTs and cryptocurrencies, as personal property.

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Bitcoin's Short-Term Bullish Potential Amid Re-Accumulation 📈

• Short-Term: Bitcoin is showing a #bullish swing potential for the next 1-3 weeks.

• Medium-Term: Demand and supply have been #bearish since the April halving, but there are signs of a possible reversal in the past 4 weeks (though unconfirmed). It will take more time before Bitcoin reaches new all-time highs.

• Macro: Despite risk signals hitting lower lows, Bitcoin remains in a re-accumulation pattern, not a bear market.

• Traditional Finance (#TradFi ) Risk: Falling bond rates are a concerning signal, often preceding crashes (e.g., 2020, 2008). However, these crashes have historically been followed by liquidity-driven rallies across all asset classes.

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CryptoPunk NFT Sold for $23,000 Instead of $1.5 Million in Smart Contract Move 😂

#CryptoPunk #2386, a rare NFT valued at $1.5 million (600 ETH), was acquired for just $23,000 (10 ETH) due to a strategic use of smart contracts.

Originally fractionalized on the now-defunct #Niftex platform, its 10,000 shares were left in limbo, making trade difficult for its 257 holders. An unknown buyer triggered a "shotgun" buyout feature, acquiring the NFT at a significantly undervalued price.

While one investor tried to #counterbid , the purchase went through, leading some to call it the "steal of the century." Despite the controversy, others argue it demonstrates the ups and downs of decentralized systems.

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Bitcoin Mining Difficulty Hits New All-Time High 😱

The #Bitcoin mining #difficulty was adjusted at block height 860,832 (on September 11 at 11:25), increasing by 3.58% to 92.67 T, setting a new all-time high.

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Lawmakers Clash Over DeFi’s Role in Finance 🧐

The first-ever Congressional hearing on decentralized finance (#DeFi ) on Sept. 10 revealed a sharp divide between U.S. lawmakers.

Republican proponents like French Hill emphasized DeFi’s potential to create a freer financial system through peer-to-peer transactions without intermediaries. In contrast, Democratic representatives like Brad Sherman and Maxine Waters criticized DeFi for enabling #crimes , tax evasion, and regulatory noncompliance.

Witnesses provided contrasting perspectives, with some advocating for DeFi’s role in financial inclusion, while others warned of its risks, including scams and investor exploitation. The debate highlighted the complexity of #regulating DeFi and its role in shaping the future of finance.

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