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Bitcoin Signals Potential Bottom as Market Indicators Turn Bullish 🐻

South Korean Banks Still Keeping Faith in NFTs, MicroStrategy’s Bitcoin Gamble Beats Warren Buffett’s Warning, and more!

AuthorAuthor

Traci Smith & Mike Cullison
August 12, 2024

GM 💡 Happy Monday! Your Daily Gains Crypto is here to keep you up to date! 👍

In Today’s Crypto World:

  • Bitcoin Signals Potential Bottom as Market Indicators Turn Bullish 🐻

  • South Korean Banks Still Keeping Faith in NFTs 🤖

  • MicroStrategy’s Bitcoin Gamble Beats Warren Buffett’s Warning 🏆

  • Gainers & Newbies 👀

  • Metallic Red Thanos ‼️

  • BTC Cycle Master 🔬

OWLGO’S NEWS NEST
3 TRENDING HEADLINES 💡

Bitcoin Signals Potential Bottom as Market Indicators Turn Bullish

According to recent analysis on CryptoQuant, Bitcoin (BTC) is showing signs of hitting a "local bottom" in the recent early August sell-off.

finance.yahoo.com

South Korean Banks Still Keeping Faith in NFTs – Report

South Korean banks are struggling to make their NFT business operations profitable, but will reportedly continue to press ahead with their non-fungible

cryptonews.com

4 years in, MicroStrategy’s Bitcoin gamble beats Warren Buffett’s warning

MicroStrategy’s MSTR stock has jumped by 1,000% since its first Bitcoin purchase.

cointelegraph.com

DEGEN PLAYS
GAINERS & NEWBIES 👀

*Market insights are updated daily.

VEVE & NFT
METALLIC RED THANOS 👀

CHART OF THE DAY
BTC CYCLE MASTER 🔬

Bitcoin Cycle Master is a combination of on-chain metrics including Coin Value Days Destroyed and Terminal Price.

They are able to identify where Bitcoin price is valued relatively within its cycles. Historically those cycles have been approximately every 4 years and correlate with Bitcoin Halving events. There is no guarantee that will continue to be the case in the future, and the metrics that make up Bitcoin Cycle Master track actual economic behavior on the Bitcoin blockchain.

Bitcoin Cycle Master can identify periods of increased risk when transaction behavior on-chain is indicative of major cycle highs. It also identifies areas of value opportunity where on-chain transaction behavior signals major cycle lows.

OWL’S EYE VIEW
CRYPTO VIDEO SPOTLIGHT - WHAT IS METAMASK? 🔦

HOOT’S OF ENLIGHTENMENT
WHAT IS TAO? 💡

TAO is a unique crypto token that powers the Lamden blockchain, designed for building decentralized applications (dApps) with ease. Key points include:

  1. Developer-Friendly: TAO simplifies the creation of dApps with its user-friendly tools and Python-based smart contracts, lowering the barrier to entry for developers.

  2. Scalability: The Lamden blockchain, powered by TAO, is built for high transaction throughput, ensuring fast and efficient operations.

  3. Interoperability: TAO facilitates seamless interactions with other blockchains, allowing dApps to connect and exchange data across ecosystems.

  4. Community-Driven: TAO supports a strong, active community that contributes to the growth and development of the Lamden ecosystem.

These features make TAO a powerful token for fostering innovation and scalability in the blockchain space.

OWLGO’S HOOT BUZZ
OWLGO’S HOT X POST 🚀

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DAILYMEMES 🤣

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/