Cryptocurrency Market Updates
The cryptocurrency market is going crazy.
Bitcoin has reached an all-time high. $70,083 (As of March 8) The fear and greed index reached its highest at 84. extreme greed, Meme coins are gaining popularity and Bitcoin ETF trading volume has surpassed $10 billion.
The market was buoyant, but just six hours after Bitcoin hit its all-time high, the price fell more than 12% to just over $61,000.
For many new cryptocurrency investors, this can be a roller coaster of uncertainty, especially during a bull market, where big downsides can occur.
However, as a cryptocurrency investor, it is important to recognize that declines of 10%, 20%, or even 30% within the cryptocurrency market should be viewed as normal and healthy.
This downturn will eliminate many lagging leveraged positions and weak hands in the market and help the cryptocurrency market become stronger and more resilient in the long run.
Now that Bitcoin has hit new all-time highs, we can expect the price of Bitcoin and the overall market to decline slightly.
For reference, the Bitcoin price is +50% off in the last 30 days!
It’s still just us 37 days Leading up to the Bitcoin halving event, and as Bitcoin ETF trading volume continues to increase and positive market sentiment continues, we expect Bitcoin to continue hitting all-time highs in the coming weeks and months.
Join us – as we prepare
The price of Bitcoin is now above $68,000. 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
Last week’s trend continues – lots of green On the market this week.
Today’s Crypto Fear and Greed Index
Today’s Cryptocurrency Fear and Greed Index = extreme greed –> Increased to 84 (from 80 last week).
Bitcoin and Ethereum price changes
bitcoin increase 9.5% Here are the prices it is currently trading at last week: $68,255. Over the past 90 days, Bitcoin has increased by: 55.9%.
Ethereum increase 13.2% Here are the prices it is currently trading at last week: $3,889. Over the past 90 days, Ethereum has increased by: 65.9%.
Global cryptocurrency market capitalization increased to $2.58T (from $2.31T last week).
Top 100 Gainers – Last 7 Days
The biggest gainers over the past 7 days (in the top 100) are:
💡
FLOKI (FLOKI) +169% – 55th
FLOKI Elon Musk’s Shiba Inu-inspired cryptocurrency aims to create real change through blockchain in a fun and innovative way. With a focus on community, utility, and philanthropy, it develops projects such as Valhalla, a play-to-profit NFT metaverse, and FlokiFi, a suite of decentralized finance products. Floki also emphasizes training with the University of Floki, with the goal of onboarding new users to Web3.
PEPE +130% – 37th
Pepecoin (PEPE) A unique meme coin inspired by the Pepe the Frog meme. Unlike typical dog-themed meme coins, PEPE aims to be “the most memorable meme coin in existence.” It was launched in mid-April 2023 and quickly gained attention for its potential to earn significant profits despite its association with various internet trends.
Bitcoin Gold (BTG) +121% – 95th
Bitcoin Gold (BTG) It is a cryptocurrency that emerged from the Bitcoin hard fork in 2017 and aims to decentralize mining by making mining more accessible to the general public using regular graphics cards, unlike the specialized ASICs used for Bitcoin mining. Let’s do it. This initiative has been driven by a community-driven effort that emphasizes a more democratic distribution of Bitcoin Gold.
Shiba Inu (SHIB) +101% – Ranked #10
Shiba Inu (SHIB) is a decentralized cryptocurrency launched in August 2020 by an anonymous individual or group known as “Ryoshi”. It is inspired by the Shiba Inu dog breed and is positioned as a potential Dogecoin competitor. SHIB gained attention when Ethereum co-founder Vitalik Buterin donated over 50 trillion SHIB to India’s coronavirus relief fund in May 2021. The currency has experienced significant price fluctuations, highlighting both its popularity and the volatile nature of meme coins.
Biggest microcap gain in the 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)
Meme Coins:
Meme Coin is a cryptocurrency inspired by internet memes, humor, and online communities. Overall, the meme coin sector continued to perform well this week.
However, as fun and novel as these projects can be, 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 continue to soar and PepeSol, a meme coin built on the Solana blockchain, a project that aims to create a fun and engaging community along with the development of unique utilities, has been on the rise for over a year. 19,997% in the last 30 days.
Monthly Altcoin Selection
Last week we launched our March Altcoin Pick a Layer-1 AI Powered Oracle.
This project uses AI to collect, verify, and provide external (real-world) data from smart contracts. This new feature is a game changer when it comes to automation and self-execution of smart contracts. You can learn more about AI-powered Oracle here.
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.