- Daily Gains
- Posts
- 🦉 5 Things to Know on Bitcoin This Week
🦉 5 Things to Know on Bitcoin This Week
Bitcoin Likely to Rally After the U.S. Election, Crypto Investment Inflows Hit Record $29.2B YTD, and More!
Traci Smith & Mike Cullison
November 04, 2024
GM 🦉 Daily Gains - your 5 minute read to start the month off strong!
In Today’s Crypto World:
Bitcoin Likely to Rally After the U.S. Election 🚀
Crypto Investment Inflows Hit Record $29.2B YTD 🎉
5 Things to Know on Bitcoin This Week 💬
Gainers & Newbies 👀
Avengers Ultron Drop 💪
HODL Waves 🔬
DEGEN PLAYS
GAINERS & NEWBIES 👀
*Market insights are updated daily.
VEVE & NFT
AVENGERS ULTRON DROP 💪
CHART OF THE DAY
HODL WAVES 🔬
HODL Waves is a Bitcoin chart that uses blockchain data to show the amount of bitcoin in circulation grouped into different age bands, showing the amount of bitcoin held for different periods of time. This is useful because it can show what different groups of people in the market are doing. These groups can be simplified down to long-term holders and short-term holders.
The long-term holders are often regarded as ‘smart money’ because they are more experienced in the Bitcoin market in terms of when to buy and sell $BTC. By definition, we know that they are likely to hold older coins which are the cooler colors on the chart - blues, purples, greens. So if we see the size of those color bands on the chart reduce, we know that the longer-term ‘smart money’ players are selling their bitcoin.
As an astute investor using this chart, it may well give a clue that the price of Bitcoin may soon top out on a macro time horizon. This has certainly been the case when looking over Bitcoin’s history on the chart.
OWL’S EYE VIEW
CRYPTO VIDEO SPOTLIGHT - BTC & ETH 🔦
HOOT’S OF ENLIGHTENMENT
WHAT IS RNDR? 💡
Render Token (RNDR) is a cryptocurrency designed to revolutionize the rendering industry by offering decentralized GPU rendering power.
Built on the Ethereum blockchain, RNDR connects users needing high-performance rendering—like 3D artists and VR developers—with GPU owners, creating a marketplace for affordable, scalable rendering.
This process makes intensive tasks, such as CGI and motion graphics, faster and more accessible. RNDR also leverages blockchain’s security, ensuring transactions are reliable and transparent.
As demand for immersive digital content rises, RNDR positions itself at the forefront by enabling faster production cycles, cutting costs, and expanding creative possibilities in industries like gaming, VR, and film.
OWLGO’S HOOT BUZZ
OWLGO’S HOT X POST 🚀
OWLGO’S LOLS
DAILY MEMES 🤣
Brought To You By: DailyGainsCrypto.com
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.