• Daily Gains
  • Posts
  • Bitcoin Price Will Hit $330K This Bull Cycle 🐂

Bitcoin Price Will Hit $330K This Bull Cycle 🐂

Can BTC Mining Help Solve Texas’s Power Challenges?, Coinbase to Launch App for Managing Crypto, NFTs, & DeFi Positions, Gainers & Newbies, and more!

AuthorAuthor

Traci Smith & Mike Cullison
July 12, 2024

GM 💡 Things may be looking good… like really good for Bitcoin in the near future. Get your 5-minutes of Daily Gains below 👍

In Today’s Crypto World:

  • Bitcoin Price Will Hit $330K This Bull Cycle 🐂

  • Can BTC Mining Help Solve Texas’s Power Challenges? 🔋

  • Coinbase to Launch App for Managing Crypto, NFTs, & DeFi Positions 📲

  • Gainers & Newbies 👀

  • 1st Appearance of Deadpool Corpse ‼️

  • Whale Shadows (aka Revived Supply) 🐳

OWLGO’S NEWS NEST
3 TRENDING HEADLINES 💡

Bitcoin price will hit $330K this bull cycle — Analyst

Institutional investors, market experts, and financial professionals have accumulated Bitcoin during its recent correction.

cointelegraph.com

Can bitcoin mining help solve Texas’s power challenges?

Texas power crisis showcases bitcoin mining's rapid-response capability to balance and support energy demands.

finance.yahoo.com

Coinbase to Launch 'One-Stop' App for Managing Crypto, NFTs, and DeFi Positions

Coinbase is making it easier to manage users crypto portfolios with their new web app, which supports multiple wallets and blockchains.

cryptonews.com

DEGEN PLAYS
GAINERS & NEWBIES 👀 

*Market insights are updated daily.

VEVE & NFT
FIRST APPEARANCE OF DEADPOOL CORPSE ‼️

CHART OF THE DAY
WHALE SHADOWS (AKA REVIVED SUPPLY) 🐳

This indicator shows when bitcoins that have not moved onchain for many years, finally move again. The coins are moving from a wallet that they have stayed on for years, to another wallet. Another term that can be used for this is revived supply because after lying dormant, the coins are once again moving on the Bitcoin blockchain.

So for example the 7-9yr data is showing the number of coins that had not previously moved for between 7-9 years, now moving onchain on a particular day.

While we track all movements, on the chart above we only show movements of coins that are greater than 100 bitcoins to reduce the level of noise on the chart.

This bitcoin chart is called Whale Shadows because the term ‘Bitcoin whale’ refers to an individual who holds a large amount of Bitcoin. This chart allows us to see when whales who have held bitcoin in a wallet for a very long time, finally move their coins again. So we are able to see significant movements of coins from these very experienced players in the market.

OWL’S EYE VIEW
CRYPTO VIDEO SPOTLIGHT - NOT YOUR KEYS, NOT YOUR CRYPTO 🔦

HOOT’S OF ENLIGHTENMENT
WHAT IS ATOM? 💡

Cosmos (ATOM) is a standout cryptocurrency that addresses interoperability and scalability in the blockchain space. Key points include:

  1. Interoperability: Cosmos enables different blockchains to communicate and transfer data seamlessly through its Inter-Blockchain Communication (IBC) protocol.

  2. Scalability: Its Tendermint consensus algorithm allows for high transaction throughput and quick finality.

  3. Developer-Friendly: Cosmos offers a modular framework, making it easier for developers to build and deploy custom blockchains.

  4. Decentralization: It promotes a decentralized ecosystem by enabling independent blockchains to operate and interact autonomously.

These features make ATOM a transformative force, fostering a more connected and scalable blockchain ecosystem.

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.05/31/202406/12/