Former U.S. President Donald Trump’s lead in the decentralized betting market Polymarket is approaching 67%, largely due to the continued activity of a mysterious whale betting on his victory in the Nov. 5 presidential election.
Trump’s odds surged to over 66.3% on Oct. 28, fueled by another $2 million USD Coin (USDC) bet placed in his favor. Data from Polymarket reveals that this whale, identified as “zxgngl,” has now spent $7.22 million on “Yes” shares for Trump’s win, accumulating an unrealized profit of $256,000, according to Lookonchain, an on-chain intelligence firm.
With the election just days away, decentralized prediction markets like Polymarket are being considered by some, including billionaire Elon Musk, as potentially more accurate than traditional polling methods. Trump’s odds on the platform flipped in his favor on Oct. 4, marking a significant reversal from earlier trends, with his lead widening by over 10 points by Oct. 12.
Unlike previous top Trump bettor “Fredi9999,” who drove Trump’s odds past 60% with over $20 million in “Yes” shares, zxgngl’s betting patterns and sources of funding appear distinct. Lookonchain data shows that while Fredi’s transactions predominantly originated from Kraken deposits, zxgngl’s account is funded by deposits from Binance. This whale’s last two deposits were substantial, at $338,000 and $1.68 million, respectively, adding to their confidence in a Trump victory.
According to political bettor “Domer,” who spoke to Cointelegraph, this behavior likely signals a “true believer” with considerable wealth betting on Trump. Domer speculates that the bettor is caught in a “confirmation bias loop,” where increasing odds reinforce their confidence.
As the election draws near, these high-stakes bets on Polymarket underline the growing role of crypto-based platforms in forecasting outcomes and shaping perceptions in real time.
Loser Biden could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Loser Biden (LOSBIDEN), a new Solana memecoin that was launched today, is set to explode over 15,000% in price in the coming days.
This is because LOSBIDEN is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Loser Biden can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Loser Biden could become the next viral memecoin.
Loser Biden launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Loser Biden on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Loser Biden by entering its contract address – HAYp8KzyD2sMANNouhKS3vz9fuqu54SffKkUFWZL8EYW – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like LOSBIDEN.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
San Francisco, United States, October 28th, 2024, Chainwire
Another set of EasyA hackathon winners (also known as “gigabrains”) are headed to Y Combinator. Artemiy Malyshau and Jeevan Juttla attended their first EasyA x Polkadot hackathon nearly two years ago, where they first started experimenting with the ideas that would later become Gecko Sec. Today, they’ve just been accepted into the world-famous Y Combinator accelerator, which has backed some of the world’s most successful Web3 companies like CoinBase, Filecoin and many more.
According to the team, Gecko Sec lets Web3 developers build secure code quickly without wasting time on tools that don’t deliver results, or relying on one-time human pentests that quickly become outdated. As they continue to develop their groundbreaking software, they’re working on rolling this out for teams building on Polkadot. Writing code that is secure and safe is one of the biggest concerns for Web3 developers, with many millions of dollars spent on security audits every month in Web3 alone.
EasyA gigabrains Jeevan Jutla and Artemiy Malyshau credit EasyA with helping them get off the ground and giving them the inspiration to succeed.
“What started off at an EasyA hackathon has led to us getting backed by Y Combinator. Big shoutout to Phil and Dom for pushing us out of our comfort zone and getting us here!” said Artemiy Malyshau, Co-Founder of Gecko Sec.
Jeevan Juttla and Artemiy Malyshau have also got highly accomplished professional and educational backgrounds. Jeevan Juttla, CEO and Co-founder of Gecko Sec, graduated with a First Class Degree in Electrical Engineering from King’s College London. After graduating, Jeevan was hired by the UK government’s National Cyber Security Centre to secure the British Government’s data and subsequently joined Binance as a Security Engineer.
Artemiy Malyshau also graduated with First Class Honours in Electrical Engineering from King’s College London, one of the UK’s top universities. Shortly after this, he earned a Master’s Degree with Distinction in Applied Computational Science and Engineering from Imperial College University.
GeckoSec joins a long list of EasyA hackathon winners who’ve gone on to achieve storied success in blockchain. Other EasyA hackathon winners like Axal, founded by Harvard grad Ashlan Ahmed, have been backed by a16z and are planning to announce their latest fundraising round later this month. To date, EasyA alumni have already founded companies valued at nearly $3 billion.
EasyA has received interest from VCs who want access to its startups pipeline. Although it won’t share the precise details yet, EasyA shares that it has its sights set on launching a fund designed to invest exclusively in its gigabrain community and hackathon winners.
“Seeing our EasyA gigabrains go from launching at our hackathons to getting accepted into YC is testament to the talent density and founder spirit within the EasyA community. I’ve never seen anything quite like it.” said Dom Kwok, Co-Founder of EasyA.
Much of the success of EasyA hackathon winners can be traced to the company’s co-founders, who have been instrumental in spotting young talent and nurturing them as founders. Users can go to any EasyA hackathon and find Phil and Dom on the ground, inspiring developers to launch the next unicorns. EasyA co-founders Phil and Dom have been active in blockchain for over 10 years. Prior to EasyA, Phil worked at prestigious law firm Sullivan & Cromwell and Dom worked at the world’s largest Private Equity firm, The Blackstone Group. Their educational backgrounds have also given them, and EasyA, a unique pipeline of talented founders across the US and Europe. Phil was a top scholar at Cambridge University, and Dom studied at the Wharton School, University of Pennsylvania, where he graduated Cum Laude as a Joseph Wharton and Benjamin Franklin Scholar.
According to Phil and Dom, they’re just getting started. Numerous high-profile fundraising announcements are coming out of the EasyA community over the coming months.
About EasyA
EasyA is one of Web3’s most popular apps, making it possible for anyone to learn about Web3 right from their phones. Learners earn rewards for mastering new skills, and the best ones are invited to in-person hackathons to launch their startups in world-leading hubs like San Francisco, London and Singapore. EasyA alumni have founded startups valued at nearly $3 billion and have raised from top VCs like a16z, Founders Fund, YC and many more.
Launched by brothers Phil and Dom Kwok, top grads from the University of Cambridge and The Wharton School respectively, EasyA has over 1 million users and has won Apple’s highly-coveted App of the Day award.
Users can learn more: https://www.easya.io/
Contact
Dom Kwok
dom@easya.io
Explore Lithuania’s forward-thinking approach to cryptocurrency regulation under MiCA. Learn about new licensing rules, compliance strategies, and the benefits for crypto businesses.
The cryptocurrency industry has seen unprecedented growth over the past decade, becoming an integral part of the global financial system. In such a dynamic market, regulatory frameworks play a crucial role in ensuring long-term sustainability and compliance for crypto businesses. Among the European nations embracing this trend, Lithuania stands out with its proactive approach to fintech innovation and digital finance. This Baltic state has rapidly become a preferred location for financial entrepreneurs due to its clear regulations and forward-thinking policies.
With the rise of digital assets, both the European Commission and the European Parliament have classified cryptocurrencies as financial instruments. This recognition has led to the implementation of comprehensive licensing regulations. The introduction of the Markets in Crypto-Assets (MiCA) regulation, outlined in Regulation (EU) 2023/1114, is a critical development shaping the future of crypto operations across the EU. Lithuania, as part of its regulatory agenda, has made significant adjustments to strengthen oversight of the cryptocurrency market, providing an ideal environment for businesses seeking stability and growth in the digital finance sector.
Recent Legislative Changes in Lithuania
Lithuania’s adoption of MiCA signals a strong commitment to ensuring consistency in crypto regulations across the EU. Unlike other member states that opted for transitional periods, Lithuania requires full compliance by December 30, 2024, providing businesses more time to adapt. By June 2025, all cryptocurrency service providers must secure a crypto-asset service provider license.
One of the most significant regulatory shifts includes stricter Know Your Customer (KYC) and Anti-Money Laundering (AML) standards, requiring companies to verify customer identities rigorously. In addition to this, the scope of regulated activities has broadened, encompassing more services such as crypto-asset management, advisory services, and trading platforms.
Moreover, Lithuania’s latest legislation to prevent terrorist financing mandates that cryptocurrency service providers hold a minimum share capital of €125,000, ensuring that only financially secure entities operate in the market. This aligns with MiCA’s upcoming share capital requirements, reflecting Lithuania’s focus on creating a safe and compliant environment for crypto enterprises.
MiCA’s Share Capital Classification for Crypto Services
Under MiCA, businesses in Lithuania will face different share capital requirements based on the services they provide:
- Class 1 (€50,000): Reception and transmission of orders, advisory services, and execution of orders.
- Class 2 (€125,000): Custody and administration of crypto-assets.
- Class 3 (€150,000): Crypto-to-fiat and crypto-to-crypto exchanges, along with the operation of trading platforms.
These changes provide greater clarity and predictability, allowing businesses to prepare accordingly while ensuring that only credible entities participate in the market.
Advantages of Lithuania as a Crypto Hub
Lithuania’s favorable regulatory environment and attractive tax incentives make it an ideal location for crypto businesses. The Bank of Lithuania plays a key role in the implementation of MiCA, fostering a collaborative environment with industry stakeholders to ensure smooth enforcement. Businesses can enjoy simplified licensing procedures, efficient communication with regulators, and a supportive infrastructure for growth.
In comparison to other jurisdictions, Lithuania offers a more economical regulatory landscape while maintaining high standards of compliance. The country’s competitive tax rates, coupled with special incentives for innovative fintech companies, further enhance its attractiveness. Lithuania also boasts a skilled workforce and a robust technological framework, making it a perfect hub for digital finance companies looking to scale.
Recommendations for Crypto Companies Operating in Lithuania
To thrive in Lithuania’s evolving crypto market, businesses must adopt proactive strategies. Here are key recommendations:
- Early Licensing Preparation: Begin preparing for licensing well before the December 2024 deadline by collecting necessary documentation and implementing KYC and AML protocols.
- Comprehensive Compliance: Build thorough compliance programs covering risk management, internal audits, and regulatory updates to meet MiCA standards.
- Consult with Experts: Engage with legal and regulatory professionals who specialize in MiCA to navigate the complexities of the licensing process.
- Invest in Technology: Leverage advanced security and compliance technologies to streamline operations and mitigate regulatory risks.
- Detailed Documentation: Ensure that all licensing applications and documentation are precise and tailored to your business, avoiding generic templates.
By following these steps, businesses can minimize regulatory risks while positioning themselves for success in Lithuania’s crypto-friendly environment.
Conclusion
Lithuania’s forward-thinking approach to cryptocurrency regulation presents significant opportunities for businesses. With the MiCA framework set to transform the regulatory landscape, the country is poised to become a leading hub for digital finance innovation. Whether you’re starting a new crypto business or looking to expand, Lithuania offers a robust and transparent environment for growth. Acquiring a licensed, ready-made company can provide immediate market entry and operational stability, making it a strategic option for entrepreneurs.
For consultations on obtaining a crypto license in Lithuania or adapting to MiCA requirements, contact the experts at AdamSmith.lt. We provide comprehensive support—from document preparation and regulatory compliance to strategic planning for a successful market launch.
Our portfolio includes ready-made solutions for a quick start, as well as flexible adaptations to meet MiCA requirements. Our team has deep expertise in crypto licensing and will help you confidently grow your business in line with regulatory standards.
For more details about the crypto licensing procedure in Lithuania, visit our dedicated page.
Investing in personal development is the most valuable decision in the 21st century. Following closely is the investment in emerging fields like cryptocurrency, where informed strategies can yield significant financial growth.
Cryptocurrency is a word most people hear daily, whether from acquaintances active in the field or from industry news. While many have considered exploring trading, it’s often challenging to feel confident enough to take the leap. Navigating an unpredictable financial landscape requires expertise, but Academy Pro aims to equip individuals with the tools and knowledge to succeed in this dynamic environment.
What Is Academy Pro?
Academy Pro is an online educational platform designed to develop critical trading skills and guide students through the intricacies of the financial markets.
Key Features of Academy Pro
Academy Pro distinguishes itself with several unique features, making it a comprehensive choice for individuals ready to commit to trading education:
- Comprehensive Curriculum: Over 120 hours of video lessons cover fundamental to advanced trading strategies.
- Live Trading Sessions: With 55+ weekly live sessions, students gain real-time trading experience.
- Practical Exams: The platform includes practical exams to test and solidify learning.
- Personal Mentorship: Students receive guidance from mentors who provide support throughout the program.
- Trader Community: A network of like-minded traders offers peer learning and valuable networking.
- Professional Certifications: Graduates receive certifications that enhance credibility and career prospects.
- Focus on Key Challenges: Academy Pro addresses core trading challenges, including strategy development, risk management, and emotional control.
With a blend of expert instruction, real-world practice, and community support, Academy Pro bridges the gap between trading theory and practical application, empowering learners to take control of their financial future.
The Value of Trading Expertise
Understanding cryptocurrency and trading is increasingly vital in today’s market. The benefits are wide-ranging:
- Financial Opportunities: Informed cryptocurrency and trading strategies have the potential to generate significant returns.
- Risk Management: Knowledge of trading enables the development of effective risk mitigation strategies.
- Technological Edge: Familiarity with blockchain technology and its applications enhances career prospects.
- Economic Awareness: In-depth knowledge of cryptocurrencies and trading equips individuals to understand global economic shifts.
- Cybersecurity Awareness: Understanding digital assets helps in safeguarding against potential cyber threats.
- Informed Market Participation: Knowledgeable traders can participate effectively and responsibly in the broader financial ecosystem.
Specialized Courses and Experienced Mentors
Academy Pro offers courses in Crypto Trading, Option Trading, and Forex Trading, available either individually or as part of an all-inclusive package. Each student benefits from the guidance of seasoned experts, who bring over five years of experience and host daily live sessions. Meet some of Academy Pro’s trusted mentors:
- Jennifer Hart – Known for her fearless approach to trading, Jennifer guides students on managing risk effectively.
- Stephanie Bennett – A specialist in market analysis, Stephanie provides foundational insights and comprehensive analysis techniques.
- Martin King – Martin’s focus on technical analysis and disciplined trading strategies offers learners stability and adaptation skills.
- Lawrence Reed – With 15 years in trading, Lawrence’s expertise ensures students receive thorough answers and trusted guidance.
Success Stories and Testimonials
With over 3,000 graduates, many Academy Pro alumni report doubling their income within six months of beginning their courses. Testimonials underscore the program’s effectiveness. As one graduate, Nina Landrot, shares: “I was initially skeptical, thinking it was just another trading course. However, Academy Pro has transformed my understanding. The forex course has turned me from a beginner into someone who can confidently navigate the markets. The community here feels like an exclusive network where strategies and insights are freely shared.”
Academy Pro invites individuals ready to pursue trading education to join a supportive community committed to their success. Make a decisive change and embark on a journey guided by experts who prioritize your financial growth and development.
CrypTouch AI specializes in advanced trading and arbitrage algorithms for the cryptocurrency market, enabling users to earn stable passive income. The platform’s AI trading assistant automates trading processes and risk management, providing real-time market insights.
Key Features
– AI Integration: An AI assistant helps users optimize their trading strategies and offers instant market data.
– Webinars: Educational webinars showcase platform functionalities, with recordings available on YouTube.
Trading Solutions
CrypTouch AI offers two primary tools:
1. Trading Algorithm: Generates up to 5% monthly returns within a single exchange.
2. Arbitrage Algorithm: Provides returns of up to 7% by exploiting price differences across exchanges.
Users can customize these algorithms for their risk and return preferences, with real-time monitoring available.
Partnership Program
The company features a rewarding partnership program with bonuses for referrals and performance, allowing users to earn income while expanding their networks.
Future Plans
Key developments include launching a Forex trading algorithm and the CrypTouch AI token (CTAI) by Q1 2025, along with a platform redesign.
For more information, visit cryptouch.ai. CrypTouch AI is poised to transform cryptocurrency trading with its innovative solutions.
Tether CEO Paolo Ardoino addressed attendees at Lugano’s PlanB event in Switzerland, detailing the company’s reserve assets amid recent allegations of a U.S. Department of Justice and Treasury investigation.
Ardoino outlined that Tether holds approximately $100 billion in U.S. Treasuries, around 82,000 Bitcoin (BTC) valued at approximately $5.5 billion, and 48 tons of gold to back its USDt (USDT) stablecoin. His comments were aimed at dispelling the uncertainty sparked by a recent Wall Street Journal article, which alleged that U.S. authorities were investigating Tether for possible anti-money laundering and sanctions violations.
Following the publication of the article on Oct. 25, Ardoino firmly denied the claims, stating, “As we told the WSJ, there is no indication that Tether is under investigation. WSJ is regurgitating old noise. Full stop.” He further emphasized Tether’s ongoing cooperation with law enforcement, highlighting its efforts to aid in recovering stolen assets and preventing misuse of USDT:
“We deal regularly and directly with law enforcement officials to help prevent rogue nations, terrorists, and criminals from misusing USDT. We would know if we are being investigated as the article falsely claimed. Based on that, we can confirm that the allegations in the article are unequivocally false.”
According to Tether, it has assisted law enforcement in recovering about $109 million in funds associated with illicit activities, including fraud and cybercrime, since 2014.
In his recent remarks, Ardoino also criticized U.S. crypto regulations as lagging behind those of other countries, prompting many digital asset firms to relocate to more favorable jurisdictions. However, he expressed optimism that the regulatory landscape might improve following the 2024 U.S. presidential election.
Tether’s market cap for USDT reached $120 billion in October, signaling potential optimism in the crypto markets and suggesting possible price increases in the near term.
Pepe Musk could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Pepe Musk (PEPEMUSK), a new Solana memecoin that was launched today, is set to explode over 13,000% in price in the coming days.
This is because PEPEMUSK is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Pepe Musk can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Pepe Musk could become the next viral memecoin.
Pepe Musk launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Pepe Musk on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Pepe Musk by entering its contract address – G7FFmyiJmdi6V5Emsijr15prURcmxz1nSvHVobXi6Wyt – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like PEPEMUSK.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
U.S. spot Bitcoin ETFs may collectively hold 1 million Bitcoin as soon as this week, as favorable market factors could drive strong inflows into the asset. Traders are anticipating several potential tailwinds in November, including the U.S. election, a possible Federal Reserve rate cut, and Russia’s decision to lift its Bitcoin mining ban.
Currently, U.S. spot Bitcoin ETF issuers hold 976,893 Bitcoin, valued at over $66.2 billion, nearly 5% of Bitcoin’s total $1.34 trillion market cap, according to data from Apollo and SoSoValue. To reach the 1 million Bitcoin mark, ETFs would need around $1.55 billion in new inflows, which translates to approximately $301 million in daily net inflows this week.
Bitcoin analyst Alessandro Ottaviani highlighted that $3 billion has flowed into these ETFs over the past two weeks, noting, “If this pace continues through November, ATH will be [inevitable].” Historical patterns also suggest a possible rally; in 2020, Bitcoin surged by nearly 43% in November following the halving event and President Joe Biden’s election win. CK Zheng, chief investment officer at ZX Squared Capital, believes a similar price movement could happen this year, regardless of the election outcome.
Apollo Capital’s chief investment officer, Henrik Andersson, sees a Trump victory as potentially the strongest factor for a crypto market rally, predicting it could drive Bitcoin to $100,000 by year-end. “If that were to happen, Bitcoin would set a decisive new ATH and make big headlines around the world,” Andersson shared with Cointelegraph.
Bitcoin’s recent price gains have also drawn institutional interest. Emory University, for instance, reported a $15.1 million investment in the Grayscale Bitcoin Mini Trust.
In addition, the Federal Reserve’s upcoming meeting on Nov. 6-7 may bring a rate cut, which could relieve financial pressures and benefit markets in the short term. Meanwhile, Russia’s decision to lift its Bitcoin mining ban on Nov. 1 is expected to contribute positively to Bitcoin’s decentralization and security. Bitcoin is trading at $67,700, with strong support at $65,000, but traders warn that losing this level could expose Bitcoin to a lower support range near $60,000.
Loser Biden could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Loser Biden (LOSBIDEN), a new Solana memecoin that was launched today, is set to explode over 15,000% in price in the coming days.
This is because LOSBIDEN is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Loser Biden can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Loser Biden could become the next viral memecoin.
Loser Biden launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Loser Biden on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Loser Biden by entering its contract address – HAYp8KzyD2sMANNouhKS3vz9fuqu54SffKkUFWZL8EYW – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like LOSBIDEN.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.