Team CryptoInsightfull 
Happy Birthday, Bitcoin!
On January 3rd, 2009, Satoshi Nakamoto, the anonymous creator of Bitcoin mined the first block of Bitcoin and now 15 years later, the cryptocurrency market has grown into a trillion-dollar industry with more than tens of thousands of different cryptocurrencies actively traded daily.
Bitcoin has also become a national currency (El Salvador) and is considered by many to be the "New Gold".
The Crypto Markets Are About to Go Wild
Google searches for "Bitcoin ETF" are at all-time highs, according to Google Trends
Rumors are circulating that an approval can happen as early as Wednesday meanwhile sources are indicating that Blackrock already has more than $2 billion lined up for the first week.
Coincidently, the SEC just sent a warning to investors not to FOMO into crypto. Could this be in preparation for the upcoming Spot Bitcoin ETF Approval?
When Will the Spot Bitcoin ETF Be Approved?
Whether the Spot Bitcoin ETFs happen next week or next month is not clear. What is almost certain is Spot Bitcoin ETFs will be approved and when they are the crypto market will go wild.
At Altcoin Investor we are taking a relatively conservative approach and believe the Spot Bitcoin ETFs will be approved anytime between January to March and when this announcement is made, Bitcoin as well as the crypto market as a whole will see some massive gains.
Shift into the Run-Up Phase
This announcement will also likely be the catalyst to shift the cryptocurrency market from the accumulation phase to the run-up phase, which is the phase the market typically sees some of the greatest gains.
If you still haven't allocated some assets into cryptocurrency it's still not too late. Bitcoin is an excellent choice, but where some of the greatest gains will be made within the small-cap altcoins.
If you would like to know what we are buying, consider becoming a member.
Join Us – As We Accumulate
Now is still an excellent time to get into the market while prices are still relatively low. If you want to know what we are buying, you are more than welcome to join us as we share our monthly Altcoin picks in anticipation of the upcoming bull run – You just need to become a member.
Richard.
Top 100 Trending Altcoins:
This is the first time in more than 9 weeks the crypto market hasn't been all green
Today's Crypto Fear & Greed Index:
Today's Crypto Fear and Greed Index = Greed –> Increased to 70 (from 67).
Bitcoin & Ethereum Price Movement
Bitcoin increased 3.78% in the last week, currently trading at $43,904. In the previous 90 days, Bitcoin has increased by 23.7%.
Ethereum decreased 0.25% in the last week, currently trading at $2,245. In the previous 90 days, Ethereum has increased by 18.5%.
Global cryptocurrency market capitalization has remained the same at $1.65T (compared to $1.65T last week).
Top 100 Gainers – Last 7 Days
Over the last 7 days, the biggest gainers (within the top 100):
Akash Network (AKT) +31.9% – Ranked #89
The Akash Network (AKT) is a decentralized cloud computing marketplace that aims to reduce costs and increase accessibility in the cloud services industry. It allows users to lease out 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 offering a competitive, open-source platform for cloud computing, Akash Network represents an innovative shift towards more decentralized, cost-effective solutions in the cloud computing industry.
Celestia (TIA) +20.1% – Ranked #40
Celestia (TIA) is a modular blockchain network focusing on scalability and flexibility by decoupling consensus from execution. It serves primarily as a decentralized data availability layer, enabling more efficient rollups and layer 2 solutions. This modular design allows for independent but interconnected blockchains, promoting sovereignty and interoperability in the ecosystem. The TIA token is used within the network for staking, transaction fees, and governance. Celestia's approach offers a foundational layer for scalable, customizable blockchain solutions, making it significant for the future of decentralized applications and infrastructures.
Arbitrum (ARB) +18.2% – Ranked #38
Arbitrum (ARB) is a layer 2 scaling solution for Ethereum, utilizing optimistic roll-up technology to improve scalability and reduce fees while maintaining the security of the Ethereum network. It allows developers to run Ethereum applications with higher throughput and lower costs by assuming transactions are valid by default and only verifying in cases of a dispute. Arbitrum is notable for its compatibility with existing Ethereum contracts, decentralized security model, and efficient dispute resolution mechanism. It aims to balance scalability, security, and decentralization, making it a significant advancement in enhancing the Ethereum ecosystem.
Lido DAO (LDO) +15.8% – Ranked #31
Lido DAO (LDO) is a decentralized autonomous organization offering a liquid staking solution, primarily for Ethereum. It allows users to stake their assets and receive stETH, representing the staked ETH, which can be used in DeFi applications while still earning staking rewards. Lido is governed by its community through the LDO token, which is used for governance and incentivizing participants. The platform promotes liquidity and capital efficiency by integrating staked assets with various DeFi protocols and plans to extend services across multiple blockchains. Lido DAO aims to balance participation in network security with financial flexibility in the DeFi ecosystem.
Biggest Micro-Cap Gainers in the last 30 days
We review and analyze small and micro market cap cryptos weekly, looking for the next low-cap gem. These are the best-performing (quality) micro-cap projects over the last 30 days:
Best Performing Quality Micro Caps (Last 30 days):
- SEILOR +1,862% – SEI Liquid Staking (Micro-Cap)
- PICA +1,172% – Chain Agnostic Execution (Micro-Cap)
- RITE +1,119% – Community Curated Entertainment (Micro-Cap)
- KEX +984% – Trustless Computing (Micro-Cap)
- VEE +818% – Smart NFT Protocol (Micro-Cap)
Monthly Altcoin Pick:
Last week we released our latest Altcoin Pick – January 2024. If you would like access to this and future monthly Altcoin picks, consider becoming a member – It's only the price of a few cups of coffee a month.
Altcoin picks are emailed to members as soon as they are published. If you are wondering how we choose our monthly Altcoin Picks, this is our methodology.
Our Altcoin Picks for the prior months can be found here.
Thanks and appreciation to all our members!
Until the next report,
Richard.
