Market Summary – Bitcoin Closes to $50,000:
$50,000 is a significant psychological number and the next major milestone Bitcoin needs to reach. If the current trend continues, we can expect Bitcoin to surpass $50,000 within the next week.
While the market rallied immediately after the Spot Bitcoin ETF announcement (buy on the rumor, sell on the news), the price of Bitcoin over the past two weeks has followed Bitcoin’s lead, with most of the cryptocurrency market hitting new yearly highs. .
What does the future hold for the broader cryptocurrency market?
As with previous Bitcoin halving cycles, do we expect the price of Bitcoin and the broader cryptocurrency market to continue to rise with the Bitcoin halving event just 65 days away and beyond?
Following the Bitcoin halving event, we expect the market to transition into the preparatory phase of this cryptocurrency cycle, where we expect to see tremendous growth within the market, especially within low-cap altcoins. Don’t miss this.
Join us – as we build up.
Bitcoin price will soon surpass $50,000. While this may sound like a lot of money for a single Bitcoin, we believe this is just the beginning of what will be one of the biggest growth opportunities the cryptocurrency space has seen in at least the last four years.
If you haven’t yet started diversifying your portfolio into cryptocurrencies, it’s not too late. Now is a great time to enter the market while prices are still ‘relatively’ low.
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:
Continuing the previous week’s trend – there are a lot of green products on the market this week.
Today’s Crypto Fear and Greed Index:
today’s Cryptocurrency Fear and Greed Index = avarice –> Increased to 74 (from 54 last week).
Bitcoin and Ethereum price changes
Bitcoin increase 9.97% Here are the prices it is currently trading at last week: $47,319. Over the past 90 days, Bitcoin has increased by: 27.4%.
Ethereum increase 8.4% Here are the prices it is currently trading at last week: $2,494. Over the past 90 days, Ethereum has increased by: 21.4%.
Global cryptocurrency market capitalization increased to $1.78T (from $1.64T last week).
Top 100 Gainers – Last 7 Days
The biggest gainers over the past 7 days (in the top 100) are:
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Dimension (DYM) +86.5% – 62nd
Dimension (DYM) It is a cryptocurrency project that emphasizes scalability and transaction speed and solves key challenges in the blockchain space. Layer 2 solutions will likely be used to improve these aspects without compromising the security of the underlying blockchain. The project could focus on improving the efficiency of decentralized applications and decentralized finance (DeFi). Community-driven development and governance may be key features that reflect trends in modern cryptocurrency projects. Details about token economics are important to understand growth and sustainability potential.
Caspar (KAS) +36.1% – 29th
Kaspa (KAS) is a unique cryptocurrency known for its BlockDAG (Directed Acyclic Graph) protocol, which allows simultaneous block addition for improved scalability and transaction speeds. It features extremely fast block times, contributing to higher transaction throughput and lower fees. Despite its speed, it aims to maintain strong decentralization and security. Kaspa is community-driven and focuses on open source development and decentralized governance. Its applications range from payments to smart contracts and decentralized apps. It operates on a proof-of-work consensus mechanism, similar to Bitcoin but with the distinct advantages of the BlockDAG structure.
BEAM +31.6% – 60th
beam (beam) Mimble is a privacy-focused cryptocurrency that uses the Wimble protocol to improve transaction privacy and scalability. The protocol essentially guarantees that transactions are private, giving users a high level of control over their personal data. Beam’s blockchain is designed for scalability by leveraging the compact nature of the MimbleWimble protocol. Notably, Beam launched without an initial coin offering (ICO) or pre-mining, representing a fairer distribution model. The project is led by the non-profit Beam Foundation, ensuring a unique governance model. Beam also integrates Lelantus-MW technology to allow confidential transactions with a variety of asset types. It also has supply limits and halving schedules similar to Bitcoin, which impact the token economics.
Ethereum Name Service (ENS) +30.1% – 94th
Ethereum Name Service (ENS) A decentralized domain system on the Ethereum blockchain designed to simplify interaction with Ethereum addresses. Converts complex Ethereum addresses into user-friendly, human-readable names, making transactions and interactions easier. ENS is famous for: .eth A domain that replaces long Ethereum addresses with easy-to-remember names. These domains are tokenized as non-fungible tokens (NFTs), making them ownershipable, transferable, and tradable. ENS can be integrated into various decentralized applications and wallets to enhance the usability of the Ethereum ecosystem. Supports a variety of domain names, including traditional DNS names. Governed in a decentralized manner, ENS involves token holders in the decision-making process. This service significantly improves the user experience on the Ethereum blockchain by bridging the gap between technical blockchain addresses and accessible named domains, which is critical to the evolving decentralized web (Web3).
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):
Monthly altcoin selection:
Last week we launched our February Altcoin Pick and it is up nearly 200% in the last 10 days (since the beginning of the month). With a market cap of less than $40 million, this project still has a lot of growth potential, so don’t miss it.
If you would like to take advantage of this monthly Altcoin picks, please consider becoming a member. It only costs the price of a few cups of coffee a month.
Altcoin recommendations are emailed to members as soon as they are posted. Wondering how we choose our monthly Altcoin recommendations? This is our methodology.
Altcoin recommendations from previous months can be found here.
We express our gratitude and respect to all members!
Until next report,
Richard.