🦉 BTC's $80K Potential

Peter Todd Denies He's Satoshi, Meme-inspired Projects, and More!

AuthorAuthor

Traci Smith & Mike Cullison
October 09, 2024

GM 🦉 We are seeing a lot of green to start the week. Let’s keep getting those Daily Gains!

In Today’s Crypto World:

  • BTC’s Potential to $80,000 Outlined By Bitwise CIO 🗺️

  • Former Bitcoin Dev Peter Todd Denies He's Satoshi 🙅‍♂️

  • Building Real-World Projects Using Meme-Inspired Strategies 🚀

  • Gainers & Newbies 👀

  • Storm #1 ⚡️

  • Stock-To-Flow Model 🔬

OWLGO’S NEWS NEST
3 TRENDING HEADLINES 💡

Bitcoin's potential 'melt-up' to $80,000 outlined by Bitwise CIO

Bitwise CIO Matt Hougan said the U.S. election outcome, the economy, and no major crypto industry surprises are the three conditions required to see a bitcoin rally above $80,000 in Q4.

www.theblock.co

Former Bitcoin Dev Peter Todd Denies He's Satoshi Hours Before HBO Documentary Airs

"Of course, I'm not Satoshi," Todd told CoinDesk Tuesday, saying that filmmaker Cullen Hoback was "grasping at straws."

www.coindesk.com

Building real-world projects using meme-inspired strategies

Memecoins can fuel viral growth — as they did for the crypto market throughout 2024 — but they also often lead to pump-and-dumps.

cointelegraph.com

DEGEN PLAYS
GAINERS & NEWBIES 👀

*Market insights are updated daily.

VEVE & NFT
STORM #1 ⚡️

CHART OF THE DAY
STOCK-TO-FLOW MODEL 🔬

Stock-to-flow is a forecasting tool for Bitcoin price.

It creates a line on the chart above that shows an estimated price level based on the number of bitcoins available in the market relative to the amount being produced (mined) each year.

The score on the stock to flow line is the forecasted price for bitcoin at that particular time. By hovering your cursor over the line on the chart, you can see the forecasted price. To date, it has broadly forecasted price correctly as $BTC price has followed the stock to flow line.

As the amount of bitcoins to be mined reduces over time, the stock to flow number (s2f ratio) increases, as supply coming onto the market is reducing. That is why this model is forecasting that the price of Bitcoin will increase in the future.

OWL’S EYE VIEW
CRYPTO VIDEO SPOTLIGHT - HOW DOES BLOCKCHAIN WORK? 🔦

HOOT’S OF ENLIGHTENMENT
WHAT IS SUI? 💡

SUI is a next-generation layer-1 blockchain designed for high-speed, low-cost decentralized applications.

Built by Mysten Labs, it focuses on scalability and efficiency by utilizing a novel consensus mechanism called “Narwhal and Tusk,” which separates data storage from transaction processing.

This allows SUI to achieve parallel execution of transactions, drastically improving throughput and reducing latency. SUI also emphasizes developer accessibility, providing an easy-to-use smart contract language called Move, which enhances security and functionality.

Its innovative design, strong emphasis on performance, and developer-friendly environment make SUI an exciting platform for dApps, DeFi, and Web3 innovations.

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

OWLGO’S LOLS
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/