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- 🦉 Altcoin Party Hasn’t Started Yet
🦉 Altcoin Party Hasn’t Started Yet
Rally To $80k Not Driven By Retail FOMO, Bitcoin Crosses $82K For The First Time, and More!
Traci Smith & Mike Cullison
November 11, 2024
GM 🦉 We capped off last week with record highs! Let’s keep pushing this week. Here is your 5 minutes of whats to come.
In Today’s Crypto World:
Rally To $80k Not Driven By Retail FOMO 📈
Analyst Says Altcoin Party Hasn’t Started Yet 🎉
Bitcoin Crosses $82K For The First Time 🚀
Gainers & Newbies 👀
Uncanny X-Men Drop 💥
BTC Stock To Flow 🔬
DEGEN PLAYS
GAINERS & NEWBIES 👀
*Market insights are updated daily.
VEVE & NFT
UNCANNY X-MEN DROP 💥
CHART OF THE DAY
BTC STOCK TO FLOW 🔬
The stock-to-flow model treats Bitcoin as being comparable to commodities and precious metals such as gold, silver, or platinum. These are known as 'store of value' commodities because they retain value over long time frames due to their relative scarcity.
It is difficult to significantly increase their supply. For example, the process of searching for gold and then mining it is expensive and requires time and resources.
Bitcoin is similar because it is also scarce. In fact, it is the first-ever scarce digital object to exist! There are a limited number of coins in existence and it will take a lot of electricity and computing effort to mine the 2 million outstanding coins still to be mined. Therefore the supply rate is consistently low.
It is useful because it can be used as a forecasting tool to identify where the price of Bitcoin may go in the future. There are many other indicators that also forecast the price of Bitcoin, this particular tool focuses on the supply schedule of Bitcoin.
OWL’S EYE VIEW
CRYPTO VIDEO SPOTLIGHT - DRAWING FIBONACCI FOR TRADING 🔦
HOOT’S OF ENLIGHTENMENT
WHAT IS STX? 💡
STX, the native token of the Stacks blockchain, brings smart contracts and decentralized applications (dApps) to Bitcoin, unlocking its full potential beyond being a store of value.
Through Stacks, developers can build on Bitcoin’s security, creating a powerful ecosystem of dApps and DeFi without altering Bitcoin’s main protocol. STX holders can also participate in “Stacking,” where they earn Bitcoin rewards by supporting the network.
This unique connection to Bitcoin, combined with the ability to develop smart contracts in Clarity—a transparent, secure programming language—makes STX a remarkable choice for those seeking innovation anchored by Bitcoin’s proven security.
OWLGO’S HOOT BUZZ
OWLGO’S HOT X POST 🚀
OWLGO’S LOLS
DAILY MEMES 🤣
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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.