Massive Crypto Influx: 110 Million New Users Enter Markets Despite Regulatory Fears

The cryptocurrency sector continues to face hurdles such as regulatory ambiguity and a prolonged downturn, hindering its path toward mass adoption. Despite these challenges, the industry has experienced significant growth in terms of user numbers over the past year.

In this line, data acquired by Finbold indicates that the number of crypto users has soared to 417.5 million as of 2023, representing a year-over-year (YoY) growth of 36.88%. This translates to an addition of 112.5 million users compared to the 305 million recorded in 2022.

Asia takes the lead with 260 million users as of May 2023, marking a staggering 100% growth from the previous year’s figure of 130 million. North America follows with 54 million users, witnessing an increase of 3 million compared to the 2022 count of 51 million. South America accounts for 33 million users from 2022’s figure of 27 million. In 2023, the Oceania region added 0.5 million users to hit 1.5 million.

Elsewhere, among the regions, Africa recorded a drop of 28% from 53 million to 38 million. European users also dropped from 43 million to 31 million.

A breakdown of crypto ownership in relation to population per country indicates that Thailand ranks first in 2023, with a share of 9.32%.

India is second with 7.23%, followed by Brazil at 6.98%. Pakistan ranks fourth with 6.4%, while France rounds out the top five with 5.9%.
Other countries making up the top ten spots include Russia (5.87%), Nigeria (5.75%), Argentina (5.56%), the UK (5.52%), and Turkey (5.46%).

Users soar despite a downturn

The research highlighted market conditions that saw the sector add a significant number of users. According to the research report:
“Despite the crypto sector facing one of its most challenging phases, marked by a sustained bear market, the global user growth is impressive. Given that the growth has occurred in the wake of high-profile incidents such as the FTX crypto exchange collapse and the Terra (LUNA) ecosystem crash, partly resulting in an erosion of trust within the sector.”

As the cryptocurrency market aims to rebound, user numbers are likely to increase, particularly in regions with favorable regulations.
BRICSTether.com

Bitcoin Price Rising & Launchpad XYZ Nears $1m as Crypto Market Bounces Back

The cryptocurrency market has had a tumultuous few days. It first tumbled in response to the SEC’s lawsuits against Binance and Coinbase, then rebounded just as quickly.

The rebound shows a resilience in the crypto market that has many investors excited. Now, while Bitcoin rises, investors are also looking at emerging Web3 projects like Launchpad XYZ and Deelance which keep racing through their presales despite the current volatility.

Bitcoin Retests $27k Level, Looks to Regain Channel

Bitcoin has gained 1.5% in the past 24 hours, pushing up to $26,730 from a weekly low of $25,500. BTC has a strong support/resistance level at $27,000, and a test of this level could be a good indicator of where Bitcoin will head next.

For many weeks, Bitcoin traded in a channel between $27k and $30k. Then, upon news of the SEC’s lawsuits against Binance and Coinbase, it fell sharply below $27k. The support break looked definitive, with high trading volume and a clear catalyst behind it.

However, after the initial shock, the market has responded to the SEC’s lawsuits with a collective shrug. Most crypto investors expected the lawsuits to drop at any time, so it appears that the news was already priced in.

In the absence of further news from the SEC—and with vows from both Binance and Coinbase to fight back—Bitcoin has the potential to recover back above $27k. That would signal extremely strong resilience in the world’s largest cryptocurrency and could encourage investors to push BTC even higher.

Despite Bitcoin’s recent bearish trading action, BTC is still up more than 60% since the start of 2023.

Launchpad XYZ Approaches $1M Raise for Web3 Dashboards

Bitcoin isn’t the only crypto benefiting from the crypto market’s rebound. A number of emerging cryptocurrencies have also found high enthusiasm from investors looking for the next big opportunity.

One such project is Launchpad XYZ, a Web3 platform that’s launching a series of dashboards to help investors spot opportunities in trending cryptos, crypto presales, and NFT collections.

Launchpad XYZ has held a highly successful presale, raising nearly $1 million from investors in its $LPX token.

With Launchpad XYZ’s dashboards, investors can spot the next Pepe or Dogecoin before it explodes. The platform brings together all of the data that investors need to make decisions and even delivers some of its own proprietary metrics to cut through noise.

One of these is the Launchpad Quotient (LQ), which ranks projects’ potential on a scale of 0-100. Investors can sort crypto presales, trending tokens, and NFT mints by their LQ, making it easy to quickly find the most promising investment opportunities.

Launchpad XYZ is also building a decentralized exchange and NFT marketplace to help users go from analysis to execution more quickly. In the future, the platform plans to host crypto presales, NFT launches, and more.

Investors who stake $LPX can get exclusive first access to new crypto presales or even guaranteed token allotments. So, simply owning and staking $LPX can enable investors to get in on the ground floor of high-potential projects.

During the current round of the Launchpad XYZ presale, investors can buy $LPX for $0.0445. That’s a 21% discount from the project’s list price.

Deelance Raises $1.2M to Transform Freelance Work

Deelance is another Web3 project investors are watching this week. This decentralized freelance marketplace has raised more than $1.2 million in its presale to transform how freelancers and businesses work together.

Deelance is beating out centralized freelance marketplaces like Upwork, Freelancer, and Fiverr with lower fees and more features. In addition to charging the lowest contract rates in the industry, Deelance also enables freelancers to get paid in crypto and eliminate costly foreign transaction fees.

Deelance is leveraging the blockchain to offer an efficient escrow for payments and a scalable dispute resolution system. The platform will also enable freelancers to mint their work as NFTs, making handovers of intellectual property to businesses incredibly smooth.

The opportunity for Deelance is huge. According to Verified Market Research, the freelance platform niche is worth $5.2 billion.

Deelance is also looking to build the world’s first metaverse for freelancers. In the Deelance metaverse, freelancers and businesses will be able to rent office space, advertise services or work, collaborate in a virtual environment, and much more.

The key to unlocking all of the virtual world’s features is Deelance’s native $DLANCE token, which is required to pay for transactions in the metaverse.

$DLANCE is on presale now for $0.043, a 25% discount to the token’s list price. However, investors have to act fast because the next price increase is only a few days away.

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Resources:
https://t.me/BRICSTether/233
https://finbold.com/bitcoin-price-rising-launchpad-xyz-nears-1m-as-crypto-market-bounces-back/