Connect with us

Altcoins

The top 10 richest cryptocurrency millionaires

Published

on

The unpredictability of the cryptocurrency market has spawned the richest cryptocurrency millionaires over the period of few months.

Fortuitous and richest cryptocurrency millionaires of the cosmos.   


Opening remarks

The cryptocurrency market is most often compared to the traditional stock market, but the only difference is that cryptocurrencies are completely digital and online. There is no physical existence of currency, in the case of cryptocurrencies. As the cryptocurrencies are in their developmental stages, initiated in 2009 with the Inception of Bitcoin, the cryptocurrency market is highly unpredictable. This unpredictability of the market has spawned the richest cryptocurrency millionaires over the period of few months.

 

Below is the list of top 10 richest cryptocurrency millionaires.

 

1. Chris Larsen

Chris Larsen, Founder, and CEO of Ripple top the list with over $7.5 – 8 billion net worth. He founded Ripple in 2012, which became the sorted protocol, for many major financial institutions, as it effectively improved the overall functioning through it’s Real Time Gross Settlement system. Chris Larsen was a major stakeholder in Ripple after co-founding some of the other prominent financial firms like E- Loan and Palo Alto funding group.

 

2. Joseph Lubin

Joseph Lubin, The Canadian entrepreneur and the co-founder of Ethereum network stand second on the richest cryptocurrency list with over $1 – 5 billion of crypto net worth. Apart from being the founder of a 600 employee based mammoth software firm named, ConsenSys. He is also one of the masterminds behind the Ethereum project, along with a major stakeholder, with which he grabbed a billion-dollar fortune.

 

3. Changpeng Zhao

Changpeng Zhao, The CEO of Binance, the world’s most popular and largest cryptocurrency exchange.  Prior to entering his entrepreneurial venture, he was a coder. It is estimated that within a year the cryptocurrency exchange was able to attract 6 million users from all over the globe. The exchange, which was originally founded in China, had to move its operations to Malta, considering the Crypto ban in the country.

 

4. Tyler Winklevoss and Cameron Winklevoss

Tyler Winklevoss and Cameron Winklevoss, The twin brothers have been in a constant controversy with Facebook and are estimated to hold $900 million to $1.1 billion worth of crypto each. However, it is rumored that the settlement amount which they received from Facebook regarding the closure of the lawsuit was invested in the Crypto field which in turn rendered them to become overnight millionaires.

 

5. Matthew Mellon

Matthew Mellon, Estimated to have been worth $900 million to $1 billion, died at the age of 54 in Mexico. The reason being, consumption of a hallucinogenic drug at a rehabilitation center in April 2018. He is probably the only richest millionaire who is not related to any huge Crypto institutions.

 

6. Brian Armstrong

Brian Armstrong, Founder and CEO of another most popular cryptocurrency Exchange, Coinbase, has around $900 million – $1 billion net worth in crypto. The Entrepreneur cum actor has enacted in ‘ The rise and fall of Bitcoin.’ The San Francisco based Coinbase was founded in 2012 and currently serves almost 32 different countries around the globe.

 

7. Matthew Roszak

Matthew Roszak, Standing 7th in the top richest crypto millionaires,  Matthew is well known for finding companies like Bloq and Tally. The crypto millionaire considers himself to be highly fortunate and early to invest in the cryptocurrencies. Also popular as ‘Matt’, he is worth $900 million to $1 billion.

 

8. Anthony Di Iorio

Anthony Di Iorio, One of the most influential persons in the crypto space, apart from being the co-founder of Ethereum, stands at 8th position in the list of top richest crypto millionaires. With $750 million – $1 billion worth in crypto. The evangelist has also founded companies like Jaxx and Decentral.

 

9. Brock Pierce

Brock Pierce, One of the key members in the EOS project, which managed to raise the maximum amounts of funds in 2017 during its ICO. His designation was shifted towards, as a Chief strategy officer in March 2018, later which he willingly resigned from it. As a child, one of the richest crypto millionaires was an actor.

 

10. Michael Novogratz

Michael Novogratz, The CEO of Galaxy Digital and an ex-hedge fund manager is last on the list of top richest crypto millionaires. With $700million – $1 billion of estimated worth, he assumes himself as ‘The Forrest Gump of Bitcoin.’

 

Closing thoughts

Almost each and every single Crypto enthusiast would remember December 2017, throughout their life, when the price of Bitcoin had reached a staggering $20,000. This incident is enough to showcase the uncertainty of the Crypto market. This incident alone had given rise to a number of richest millionaires, a post which the institutional investors along with the venture capitalist have jumped on to the investment bandwagon in order to shell out some money

Altcoins

Cryptocurrency Market Updates: Bitcoin May fall further

Published

on

The cryptocurrency market is still facing the same bullish trend today, yet again. Bitcoin price recovered a little with trading around $4300 to $4400.

The cryptocurrency market is still facing the same bullish trend today, yet again. Bitcoin price recovered a little with trading around $4300 to $4400. Yesterday the price of bitcoin fell up to $4190. Ethereum is still trading at a year and a half low of $125. Apart from ethereum, most altcoins are showing small corrections. Bitcoin Cash moved 3% upwards while Monero has moved 4% upwards in the last 24 hours. Bitcoin Gold and Bitcoin Diamond have had good gains for the day with 8% and 16% rise. IOTA is trading at around $0.32 which shows a 6% improvement from yesterday’s price. NEO is up by 5%. However, the small gains are nothing in front of the massive downtrend these altcoins went through in the past couple of days.

 

Cryptocurrency Market Capitalization Improved

The total cryptocurrency market cap yesterday came down up to $136 billion which was the lowest of 2018. In the last 24 hours, cryptocurrency market has managed to add $4 billion in the market capitalization adding to $140 billion. Over the last week, the cryptocurrency market had lost over $40 billion and over the last month, around $70 billion have been erased from the cryptocurrency market capitalization which is yet to be recovered.

 

Bearish predictions for bitcoin

While the market cap is trying to recover the price predictions for bitcoin still remain bearish as many cryptocurrency analysts have predicted that the only support after the current significant support of $4000 is at $3000. So if the price drops below $4000, it will definitely reach down to $3000 after which the price is expected to recover.

 

The overall situation of the market is still harsh as there is no major recovery from the massive losses that occurred in the past few days. What do you think about the bitcoin predictions being made by crypto analysts? Tell us in the comments section below.

Continue Reading

#Bitcoin

Bitcoin Cash Hard fork screwed the whole cryptocurrency market

Published

on

Whole cryptocurrency market is suffering because of the continues wars going on between ABC and SV which has created a bad reputation of the crypto space.

The original Bitcoin Cash split into Bitcoin ABC and Bitcoin SV during the hard fork but no one is sure to weather BCHSV or BCHABC will survive in the market as the hash wars still continue. The hard fork has lead to an uncertain future of Bitcoin Cash and also screwed the whole cryptocurrency market. The Price of both the new coins is on a continues decrease where Bitcoin Cash ABC values at around $226 and Bitcoin Cash SV values at around $76.

 

Cryptocurrency Market Crash

The whole cryptocurrency market is suffering because of the continues wars going on between the two teams which have created a bad reputation of the crypto space to the newbies. At this time when more and more institutional investors were entering into the cryptocurrency space, the hard fork has created a feeling of Fear, Uncertainty and Doubt amongst them.

 

BTCUSD yearly chart

BTCUSD yearly chart

 

As the hard fork started, the entire cryptocurrency market faced a downfall where all major cryptos are on a 6 month low with bitcoin trading around $5200 that is a yearly low for the most dominant cryptocurrency. The decline is the price has created fear in the minds of investors who are now talking about capitulation.

 

Should Craig Wright be blamed?

Craig Wright who claims to be the real Satoshi Nakamoto and the founder of the original bitcoin has been funding his side of the war using BTC. Cryptocurrency enthusiasts around the world are criticizing Craig Wright and also calling him a lier.

 

 

The local media’s role

The real reason behind the rise of cryptocurrency and blockchain was the mass adoption by people who heard about it through local media. At that time, the local media described bitcoin and other cryptocurrencies as the future of money explaining the decentralized nature of such currencies, but now due to the wars within the cryptocurrency ecosystem, the local media has started to criticize cryptos and people have started to lose faith in the crypto market.

If the amount of money being used in such hash wars would have instead been used for the development of the crypto ecosystem with advancements such as lightning network, the market could still be flourishing rather than being on the verge of getting sunk.

Continue Reading

#Ripple Price Analysis

XRP price analysis and market updates

Published

on

XRP has overtaken ETH again by becoming the number 1 altcoin according to market capitalization. Crypto analysts believe that XRP can outrage bitcoin too.

XRP has overtaken ETH again by becoming the number 1 altcoin according to market capitalization. Crypto analysts believe that XRP can soon outrage bitcoin too and take the spot of the number 1 cryptocurrency while bitcoin is still more than 52% dominant. XRP had a downfall last Wednesday when XRP price fell to $0.43, but in the last 24 hours, XRP experienced a good bullish momentum with a 12% rise trading above $0.51. XRP is currently trading at $0.519 (at the time of writing this article).

 

XRPUSD 5 day chart

XRPUSD 5 day chart

 

One of the major reasons for the rise of XRP is the approval of cryptocurrency ETF by the Switzerland authorities and also the adoption of RippleNet by more and more financial institutions worldwide. Many other altcoins apart from XRP also experienced a bullish momentum in the last 24 hours. XRP is on the top of the list for gainers while Stellar and Monero are on the 2nd and 3rd position. The price of bitcoin showed little improvements by remaining above $5600 mark.

Many financial analysts predict a bearish future for cryptocurrencies in 2019, while many other cryptocurrency enthusiasts believe that the following predictions are just to create a feeling of fear amongst the cryptocurrency investors. What do you fell about the same? Tell us in the comments section below.

Continue Reading
Advertisement BitcoinAdvertising.com

Live Crypto Prices

  • BTC
  • USD
  • AUD
  • CAD
  • EUR
  • BTC
    Bitcoin(BTC) 3214.0422768
  • ETH
    Ethereum(ETH) 83.9897966728
  • EOS
    EOS(EOS) 1.863600411
  • LTC
    Litecoin(LTC) 23.6023363284
  • BCH
    Bitcoin Cash(BCH) 76.8754887652
  • TRX
    TRON(TRX) 0.0127250738
  • ADA
    Cardano(ADA) 0.0282797497
  • XEM
    NEM(XEM) 0.0577589928
  • DASH
    Dash(DASH) 60.6944554284

Trending