The first quarter is over. This is more important than you think!
At the end of the first quarter of 2024, large asset management companies will rebalance their portfolios by shedding underperforming assets and reinvesting in winners.
Earlier this year, these asset managers will begin doing something they have never been able to do before: buy Bitcoin through Spot Bitcoin ETFs.
From January of this year, Bitcoin is up over 55%!
So what will these asset managers be buying more of?
And while these large asset managers will be buying more Bitcoin, so will China.
Meanwhile in China…
China is also chasing Bitcoin. In the second quarter of this year, China is expected to launch a Spot Bitcoin ETF, which will likely have a similar effect to the SEC’s approval of the Spot Bitcoin ETF in the United States.
China is a country and culture that especially values ​​real estate investment. However, following the recent collapse of Evergand and 2021, both property sales and property development have declined sharply in recent years.
Investors in China, who have historically focused on gold and real estate investments, are now seeking alternative assets. With Spot Bitcoin ETF approved soon in China, many investors will be moving their investments to Bitcoin.
Looking at how influential Asian markets are for cryptocurrencies, about 70% of Bitcoin trading volume last year came from South Korea and China!
The combination of falling yields in global stock markets, a decline in China’s real estate market, and the recent approval of a spot Bitcoin ETF creates the perfect opportunity for many investors to move into Bitcoin, driving the price even higher.
Bullish on Bitcoin
There are only 20 days left until the Bitcoin halving event, which historically has always pushed Bitcoin to record highs.
Combining the increasing volume of spot Bitcoin EFTs seen in the U.S., China’s upcoming approval of spot Bitcoin ETFs, and overall positive market sentiment, the coming weeks and months are positive for the Bitcoin and cryptocurrency markets as a whole. Signs during the period are very optimistic.
Join us – as we move into the preparation phase.
The price of Bitcoin has now surpassed $70,000. 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 with cryptocurrencies, it’s not too late. Now is a great time to enter the market while prices are relatively low.
If you want to know what we’re buying, please join us through our monthly shares. Altcoin Recommendation Looking forward to the upcoming Bull Run – Become a member to access.
Richard.
Top 100 Popular Altcoins
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 = extreme greed –> Increased to 79 (from 75 last week).
Bitcoin and Ethereum price changes
Bitcoin increase 10.5% Here are the prices it is currently trading at last week: $69,781. Over the past 90 days, Bitcoin has increased by: 60.6%.
Ethereum increase 6.7% Here are the prices it is currently trading at last week: $3,517. Over the past 90 days, Ethereum has increased by: 50.6%.
Global cryptocurrency market capitalization increased to $2.62T (From $2.49T last week).
Top 100 Gainers – Last 7 Days
The biggest gainers over the past 7 days (in the top 100) are:
CORE +104.6% – 99th
CORE The project is a layer 1 blockchain compatible with the Ethereum Virtual Machine (EVM), making it suitable for running Ethereum smart contracts and decentralized applications (dApps). Use something unique "satoshi plus" A consensus mechanism to balance scalability, security, and decentralization.
Core was launched in January 2023 and is governed by CoreDAO, a decentralized autonomous organization (DAO), although the identities of its founders and key contributors are not publicly disclosed.
dogwifehat (WIF) +83.1% – 34th
Dog We Pot (WIF) Solana is a meme cryptocurrency based on the blockchain that is gaining attention and popularity within the cryptocurrency community. It features a trendy internet meme of a Shiba Inu wearing a pink hat. Launched in late 2023 with limited liquidity, the company received a significant boost to its reputation in early 2024 after receiving support from major exchanges such as Kucoin and Binance.
This support has led to significant increases in market capitalization and trading volume. Despite its speculative nature and lack of inherent utility or detailed project planning, the community has embraced Dogwifhat as a speculative asset driven by market trends and narratives.
Mantle (MNT) +49.2% – 37th
Mantle (MNT) It is a layer 2, EVM-compatible blockchain built on the Ethereum network that aims to modularize blockchain operations to improve user experience without compromising security and decentralization. Improve transaction speeds and reduce costs by leveraging optimistic rollups, EigenDA from EigenLayer for data availability, and multi-party computation.
Mantle facilitates faster, cheaper transactions through batch processing and ensures a secure network through a new combination of technologies. The architecture promises significant improvements in performance by allowing efficient communication with the Ethereum mainnet.
PENDLE +48.1% – 97th
PENDLE It is a decentralized finance (DeFi) platform that enables trading of income-generating assets. This allows users to tokenize and trade future returns, a new concept in the DeFi space. This means that users can secure early profits from yield farming or lending by selling their rights in the form of tokens. Conversely, investors can purchase these tokens to speculate on future returns from various DeFi protocols or secure a fixed income stream.
The platform uses an automated market maker (AMM) model similar to other DeFi protocols to facilitate trading. Pendle’s unique approach to yield tokenization and trading aims to add liquidity and flexibility to the DeFi yield market, making it easier for users to manage and speculate on their investments.
Biggest microcap gain in last 30 days
We review and analyze small and micro market cap cryptocurrencies every week to find out: low cap jewelry. This provides the best performance (quality). microcap project In the past 30 days:
Highest performing quality micro cap (last 30 days)
- Sersh +5,126% – Multi-chain data storage (microcap)
- Art +1,481% – Buy/sell art on blockchain (small cap)
- Lime +1,054% – iMe messenger and cryptocurrency wallet (microcap)
meme coin
Meme Coin is a cryptocurrency inspired by internet memes, humor, and online communities. Overall, the meme coin sector continued to perform well this week.
But while these projects may be fun and novel, most meme coins have no intrinsic value and often suffer from pump-and-dump schemes. Although we do not recommend investing in these types of coins, it is always interesting to watch this sector perform during bull markets.
Meme Coins with the Best Performance
Meme coins continued to surge this week. The biggest meme coin earners are: The governor eats the governormore +20,311% in the last 30 days.
james anderson
Monthly Altcoin Selection
We will be announcing our April Altcoin Picks in the next few days.
To access this monthly Altcoin recommendation and future monthly Altcoin recommendations, consider the following: become a member – It only costs the cost of a few cups of coffee a month.
Altcoin recommendations are emailed to members as soon as they are posted. Wondering how to choose your monthly Altcoin picks? methodology we use.
Altcoin Recommendations for Previous Months You can find it here.
We express our gratitude and respect to all members!
Until next report,
Richard.