TipRanks shared exclusive data with Finance Magnates, revealing crypto investment trends.
The total number of users holding cryptocurrencies in portfolios jumped 2.6 percent.
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Despite being based on an internet meme, Dogecoin was the third-largest crypto in the portfolio of inventors, according to the exclusive data from TipRanks shared with Finance Magnates. Bitcoin topped the list, followed by Ethereum, the second-largest cryptocurrency in market capitalization.
While DOGE managed to be in the top three cryptocurrencies in investors' portfolios in the first three quarters of 2023, it was not even in the top five in the last three quarters of 2022.
The Dominance of Meme Coins
Meme coins like DOGE always had a cult-like following. Billionaire entrepreneur Elon Musk also endorsed Doge on multiple occasions and even briefly changed the logo of X (previously Twitter) to the dog face of Doge. Musk's tweets even make Doge swing in double digits.
The value of DOGE peaked in May 2021, reaching nearly $0.57. However, the value has plummeted significantly since then, as Dodge is currently trading at $0.071, about 87.5 percent below the peak. Although Doge remained volatile in 2023, its value did not change much over the past ten months but rallied 20 percent in the past week.
Apart from DOGE, the names of Ripple appeared in the list of top five crypto holdings.
Price movement of Dogecoin in 2023, Source: Coinmarketcap.com
Robbie Dayan, Head of Product at TipRanks
"Many market factors influence traders' decisions when it comes to investing in or avoiding cryptocurrency," Robbie Dayan, the Head of Product at TipRanks, told Finance Magnates. "Factors like high volatility can be enticing to some traders seeking short-term gains while discouraging those with a more conservative approach."
Rise in Crypto Holders
The data from TipRanks revealed that From January 1, 2023, until October 25, 2023, 1,183 unique users held cryptocurrencies in their portfolios. With this addition, the total number of users holding cryptocurrencies jumped 2.6 percent to 45,218. The numbers of users holding cryptos in the first three quarters of the ongoing year is 1,080, a significant jump from only 95 in the last three quarters of 2022.
TipRanks provides data and research tools to retail traders. It has partnered with dozens of brokers and trading platforms, taking its services to even more traders. Most recently, the company launched an Expert Advisory plugin for MetaTrader 5, which CFI has first incorporated. The cryptocurrency portfolio data were collected from the individual investors who use TipRanks' smart portfolio to record their holdings.
The data shared with Finance Magnates revealed that 4,298 users added crypto shares to their portfolios. Additionally, there are 2,816 users with open positions. However, 1,352 users had their shares in cryptocurrencies reduced, and 93 closed positions.
In the first three quarters of 2023, 34.8 percent of all transaction were buying crypto, while only 6.9 percent accounted for sale. In the last three quarters of 2022, these two figures were at 41.1 percent and 6.5 percent, respectively.
The growing demand for cryptocurrencies can be determined by the significant jump in Bitcoin and other cryptocurrency prices since the beginning of this year. The dollar value of Bitcoin has doubled since the beginning of 2023, when it bottomed out at $16,500. With the recent rally in the crypto market, BTC is trading at more than $34,100 as of press time.
Price movement of Bitcoin in 2023, Source: Coinmarketcap.com
"One primary factor that has kept traders engaged in crypto trading since its inception is the potential for high returns. Bitcoin and Ethereum returns over the years still attract traders who harbor an innate desire to earn more money or even become wealthy," Dayan added. "Conversely, the main factor that drives traders away from crypto is FUD — fear, uncertainty, and doubt... Another Factor is the Halving Cycle, an event where the miners receive half the rewards for validating and adding transactions to the blockchain."
Many factors are influencing the recent crypto rally. One of the most prominent ones is the anticipation of US regulatory approval for a Bitcoin exchange-traded fund (ETF). Although the Securities and Exchange Commission delayed the approval for years, some unofficial indications brought optimism to the market.
"I'm very optimistic about the prospects of crypto for the next two years, especially as we approach the Bitcoin halving event. I firmly believe that we will witness the approval of a Bitcoin spot ETF in the coming months, attracting a substantial influx of new traders into the world of Bitcoin," said Dayan.
"Additionally, traders and investors will likely explore other investment alternatives such as gold and Bitcoin as hedges against global inflation. Finally, if interest rates decrease in 2024 or possibly even in 2025, it will push Bitcoin's price with further upward momentum."
Despite being based on an internet meme, Dogecoin was the third-largest crypto in the portfolio of inventors, according to the exclusive data from TipRanks shared with Finance Magnates. Bitcoin topped the list, followed by Ethereum, the second-largest cryptocurrency in market capitalization.
While DOGE managed to be in the top three cryptocurrencies in investors' portfolios in the first three quarters of 2023, it was not even in the top five in the last three quarters of 2022.
The Dominance of Meme Coins
Meme coins like DOGE always had a cult-like following. Billionaire entrepreneur Elon Musk also endorsed Doge on multiple occasions and even briefly changed the logo of X (previously Twitter) to the dog face of Doge. Musk's tweets even make Doge swing in double digits.
The value of DOGE peaked in May 2021, reaching nearly $0.57. However, the value has plummeted significantly since then, as Dodge is currently trading at $0.071, about 87.5 percent below the peak. Although Doge remained volatile in 2023, its value did not change much over the past ten months but rallied 20 percent in the past week.
Apart from DOGE, the names of Ripple appeared in the list of top five crypto holdings.
Price movement of Dogecoin in 2023, Source: Coinmarketcap.com
Robbie Dayan, Head of Product at TipRanks
"Many market factors influence traders' decisions when it comes to investing in or avoiding cryptocurrency," Robbie Dayan, the Head of Product at TipRanks, told Finance Magnates. "Factors like high volatility can be enticing to some traders seeking short-term gains while discouraging those with a more conservative approach."
Rise in Crypto Holders
The data from TipRanks revealed that From January 1, 2023, until October 25, 2023, 1,183 unique users held cryptocurrencies in their portfolios. With this addition, the total number of users holding cryptocurrencies jumped 2.6 percent to 45,218. The numbers of users holding cryptos in the first three quarters of the ongoing year is 1,080, a significant jump from only 95 in the last three quarters of 2022.
TipRanks provides data and research tools to retail traders. It has partnered with dozens of brokers and trading platforms, taking its services to even more traders. Most recently, the company launched an Expert Advisory plugin for MetaTrader 5, which CFI has first incorporated. The cryptocurrency portfolio data were collected from the individual investors who use TipRanks' smart portfolio to record their holdings.
The data shared with Finance Magnates revealed that 4,298 users added crypto shares to their portfolios. Additionally, there are 2,816 users with open positions. However, 1,352 users had their shares in cryptocurrencies reduced, and 93 closed positions.
In the first three quarters of 2023, 34.8 percent of all transaction were buying crypto, while only 6.9 percent accounted for sale. In the last three quarters of 2022, these two figures were at 41.1 percent and 6.5 percent, respectively.
The growing demand for cryptocurrencies can be determined by the significant jump in Bitcoin and other cryptocurrency prices since the beginning of this year. The dollar value of Bitcoin has doubled since the beginning of 2023, when it bottomed out at $16,500. With the recent rally in the crypto market, BTC is trading at more than $34,100 as of press time.
Price movement of Bitcoin in 2023, Source: Coinmarketcap.com
"One primary factor that has kept traders engaged in crypto trading since its inception is the potential for high returns. Bitcoin and Ethereum returns over the years still attract traders who harbor an innate desire to earn more money or even become wealthy," Dayan added. "Conversely, the main factor that drives traders away from crypto is FUD — fear, uncertainty, and doubt... Another Factor is the Halving Cycle, an event where the miners receive half the rewards for validating and adding transactions to the blockchain."
Many factors are influencing the recent crypto rally. One of the most prominent ones is the anticipation of US regulatory approval for a Bitcoin exchange-traded fund (ETF). Although the Securities and Exchange Commission delayed the approval for years, some unofficial indications brought optimism to the market.
"I'm very optimistic about the prospects of crypto for the next two years, especially as we approach the Bitcoin halving event. I firmly believe that we will witness the approval of a Bitcoin spot ETF in the coming months, attracting a substantial influx of new traders into the world of Bitcoin," said Dayan.
"Additionally, traders and investors will likely explore other investment alternatives such as gold and Bitcoin as hedges against global inflation. Finally, if interest rates decrease in 2024 or possibly even in 2025, it will push Bitcoin's price with further upward momentum."
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
KuCoin Rolls Out MiCA-Regulated Crypto Platform Across 29 EU Markets
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In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
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We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
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We close with a practical question: how retail investors can actually use AI without falling into common traps.
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
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We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
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🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
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In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
