Looking back at 2023: A shining year for cryptocurrency!
Welcome to the last weekly report of 2023.
As we bid farewell to 2023 and welcome the arrival of 2024, now is a good time to look back and measure the progress of the cryptocurrency market as it enters a new chapter. Indeed, the past year has been a remarkable one in the cryptocurrency world.
Bitcoin led this trend, with its price surging more than 160% in 2023, shaking up the entire cryptocurrency market. Notable altcoins worth mentioning this year include the growth of Solana and its meme coin, Bonk.
- Bitcoin +160%
- Ethereum + 91%
- Solana +925%
- Bonk +7,302% (Solana Ecosystem)
In 2023, the cryptocurrency market will witness significant upheavals, including:
- The collapse of major banks, including Silicon Valley Bank and cryptocurrency-focused Silvergate Bank, has further expanded financial instability.
- Sam Bankman-Fried was found guilty on various charges related to the FTX collapse.
- Binance and its founder have faced a legal investigation and hefty fines from US authorities for allegedly violating anti-money laundering laws and other financial regulations.
These events mark a turbulent year for the cryptocurrency sector, with significant legal and financial implications. Meanwhile, the upward trajectory seen in the cryptocurrency market reflects a broader resurgence trend and positive sentiment within the cryptocurrency space.
Looking to 2024
Looking ahead to 2024, expectations are high that it will be a landmark year for the cryptocurrency market, primarily due to the expected SEC approval of the Spot Bitcoin ETF. This move is poised to open the floodgates for institutions to enter the cryptocurrency ecosystem. Additionally, as observed historically, the expected Bitcoin halving in mid-April is expected to act as a catalyst for further market gains.
Altcoin Investor predicts that the market will begin to rise early this year as the early approval of the Spot Bitcoin ETF leads to a massive influx of institutional money into the cryptocurrency space.
The SEC’s approval of a spot Bitcoin ETF and the Bitcoin halving event are expected to significantly boost already bullish cryptocurrency sentiment.
Looking ahead, 2024 will be a special year for Bitcoin and the broader cryptocurrency market.
Wishing everyone a prosperous new year!
best wishes,
Richard.
Join us – as we build up.
Although prices are still relatively low, now is a great time to enter the market. If you want to know what we’re buying, join us as we share our monthly Altcoin recommendations in anticipation of the upcoming bull market. All you have to do is become a member.
Richard.
Top 100 popular altcoins:
Cryptocurrency markets are full of green this week too.
Today’s Crypto Fear and Greed Index:
today’s Cryptocurrency Fear and Greed Index = avarice –> Reduced to 67 (from 74).
Bitcoin and Ethereum price changes
bitcoin Diminish 3.47% Here are the prices it is currently trading at last week: $42,345. Over the past 90 days, Bitcoin has increased by: 21.7%.
Ethereum Diminish 0.53% Here are the prices it is currently trading at last week: $2,299. Over the past 90 days, Ethereum has increased by: 26.2%.
Global cryptocurrency market capitalization decreased to $1.65T (from $1.67T last week).
Top 100 Gainers – Last 7 Days
The biggest gainers over the past 7 days (in the top 100) are:
Bitcoin SV (BSV) +82.8% – 46th
Bitcoin SV (BSV) is a cryptocurrency that originated as a hard fork of Bitcoin Cash, aiming to closely match Bitcoin’s original vision revealed by Satoshi Nakamoto. It focuses on scalability through larger block sizes, protocol stability, strong security, and facilitating secure instant transactions.
The project is known for the controversial claims of its supporters, such as Craig S. Wright, who claims to be the original creator of Bitcoin and has sparked debate within the cryptocurrency community over its technical and ideological decisions. do. Despite the controversy, BSV has a dedicated community and continues to develop its network and infrastructure.
Six (SEI) +65.9% – 57th
Sei (SEI) is a layer 1 blockchain specifically designed for trading and decentralized finance applications with an architecture optimized for high-speed order matching. It aims to serve the trading sector by solving problems such as decentralized liquidity and inefficient asset management.
The project is developer-friendly, focusing on tools and environments for efficient application development. Sei seeks to build a strong community and network to support its professional approach, potentially delivering improved performance for trading platforms and financial applications in the blockchain space.
ORDI (ORDI) +51.5% – 54th
ORDI uses the Ordinal Protocol on the Bitcoin network to engrave content such as text, images, audio, and video into individual satoshis, effectively creating a form of NFT or token within the Bitcoin ecosystem without the need for a separate token or sidechain. This is a project​ (BRC-20).
Teller (TRB) +47.7% – 95th
Tellor (TRB) is a decentralized oracle network that provides secure and reliable real-world data to smart contracts on the Ethereum blockchain. TRB is the native token of the Tellor ecosystem, used as an incentive to stake data providers submitting data and verify data accuracy. It aims to address the need for trusted data sources in decentralized finance (DeFi) and other blockchain applications.
Biggest microcap gain in the last 30 days
We review and analyze small and micro market cap cryptocurrencies every week to find the next low-cap gem. The best performing (quality) microcap projects over the last 30 days are:
Top performing quality microcaps (last 30 days):
- trust +3,406% – NFT gaming platform (Nano-Cap)
- cookie +2,731% – Trustless computing (microcap)
- epic +1,544% – Metaverse & Ecosystem (Nano-Cap)
- saddle +892% – SEI Liquid Stake (microcap)
- VAB +796% – Think "netflix" For cryptocurrency (Nano-Cap)
Monthly altcoin selection:
In the next few days we will be releasing our next Altcoin recommendation. To access this and future monthly Altcoin recommendations, please consider becoming a member. That’s the price of a few cups of coffee a month.
Altcoin recommendations are emailed to members as soon as they are posted. If you’re wondering how we choose our monthly Altcoin recommendations, this is the method we use.
Altcoin recommendations from previous months can be found here.
We express our gratitude and respect to all members!
Until next report,
Richard.