Happy birthday, Bitcoin!
On January 3, 2009, Satoshi Nakamoto, the anonymous creator of Bitcoin, mined the first block of Bitcoin, and now, 15 years later, the cryptocurrency market sees tens of thousands of different cryptocurrencies being traded every day. It is actively traded and has grown into a trillion dollar industry.
Bitcoin has also become the national currency (El Salvador) and is considered by many to be Bitcoin. "new gold".
Cryptocurrency market will soon go crazy
Search Google for: "Bitcoin ETF" According to Google Trends, it’s at an all-time high.
There are rumors going around. Approval could be possible as early as Wednesday. Meanwhile, sources say Blackrock has already 2 billion dollars I stood in line for the first week.
Coincidentally, secretary I just sent out a warning to investors not to invest with FOMO in cryptocurrencies. Could this be in preparation for the upcoming Spot Bitcoin ETF approval?
When will spot Bitcoin ​​ETFs be approved?
It is unclear whether the spot Bitcoin ETF will happen next week or next month. What is almost certain is that a Spot Bitcoin ETF will be approved and the cryptocurrency market will go crazy.
At Altcoin Investor, we are taking a relatively conservative approach and believe a Spot Bitcoin ETF will be approved any time soon. January to March And once this announcement is made, Bitcoin and the entire cryptocurrency market will benefit tremendously.
Transition to preparation phase
This announcement will also serve as a catalyst to transition the cryptocurrency market from the accumulation phase to the preparation phase, which is usually the phase where the market sees the greatest gains.
If you haven’t yet allocated some assets to cryptocurrencies, it’s not too late. Bitcoin is an excellent choice, but the greatest gains can be made within small-cap altcoins.
If you would like to know what we buy, please consider becoming a member.
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:
This is the first time in over nine weeks that the cryptocurrency market is not completely green.
Today’s Crypto Fear and Greed Index:
today’s Cryptocurrency Fear and Greed Index = avarice –> Increased from 67 to 70.
Bitcoin and Ethereum price changes
Bitcoin increase 3.78% Here are the prices it is currently trading at last week: $43,904. Over the past 90 days, Bitcoin has increased by: 23.7%.
Ethereum Diminish 0.25% Here are the prices it is currently trading at last week: $2,245. Over the past 90 days, Ethereum has increased by: 18.5%.
Global cryptocurrency market capitalization remained the same in $1.65T (Compare to $1.65T last week)
Top 100 Gainers – Last 7 Days
The biggest gainers over the past 7 days (in the top 100) are:
Akash Network (AKT) +31.9% – 89th
Akash Network (AKT) It is a decentralized cloud computing market that aims to reduce costs and increase accessibility in the cloud services industry. This allows users to rent unused computing resources or purchase computing power in a decentralized manner. The network uses AKT, its native utility token, for transactions, governance, and security. By providing a competitive open source platform for cloud computing, Akash Network represents a revolutionary shift in the cloud computing industry toward more distributed and cost-effective solutions.
Celestia (TIA) +20.1% – 40th
Celestia (TIA) A modular blockchain network that focuses on scalability and flexibility by decoupling consensus from execution. It primarily acts as a distributed data availability layer, enabling more efficient rollup and layer 2 solutions. This modular design allows for independent yet interconnected blockchains, promoting sovereignty and interoperability of the ecosystem. TIA tokens are used within the network for staking, transaction fees, and governance. Celestia’s approach is critical to the future of decentralized applications and infrastructure by providing a foundational layer for scalable and customizable blockchain solutions.
Arbitrum (ARB) +18.2% – 38th place
Arbitrage (ARB) A layer 2 scaling solution for Ethereum that leverages optimistic rollup technology to improve scalability and reduce fees while maintaining the security of the Ethereum network. This allows developers to run Ethereum applications with higher throughput and lower costs by assuming transactions are valid by default and only confirming them if there is a dispute. Arbitrum is known for its compatibility with existing Ethereum contracts, decentralized security model, and efficient dispute resolution mechanisms. We aim to make significant progress in improving the Ethereum ecosystem by balancing scalability, security, and decentralization.
Lido Dao (LDO) +15.8% – 31st
Lido Dao (LDO) It is a decentralized autonomous organization that primarily provides liquid staking solutions for Ethereum. This allows users to stake assets and receive stETH, which represents the staked ETH. This can be used in DeFi applications while earning staking rewards. Lido is governed by the community through LDO tokens, which are used for governance and participant incentives. The platform plans to integrate staked assets with various DeFi protocols to drive liquidity and capital efficiency, and expand its services across multiple blockchains. Lido DAO aims to balance financial flexibility and network security participation in the DeFi ecosystem.
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):
- saddle +1,862% – SEI Liquid Stake (microcap)
- pica +1,172% – Chain-agnostic execution (micro cap)
- Consciousness +1,119% – Community Curated Entertainment (Micro-Cap)
- cookie +984% – Trustless computing (microcap)
- VEE +818% – Smart NFT protocol (Micro-Cap)
Monthly altcoin selection:
Last week we released our latest Altcoin Recommendations (January 2024). 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. 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.