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🦉 HBO Documentary on BTC Ignites Debate

El Salvador Doubles Down On Bitcoin, HBO Documentary on Bitcoin Ignites Intense Debate, & More!

GM 🦉 TGIF! Let’s take a look at what’s new in the crypto world.

In Today’s Crypto World:

  • HBO Documentary on Bitcoin Ignites Intense Debate 🎬

  • El Salvador Doubles Down On Bitcoin 🪙

  • $56.3M CryptoPunk NFT Sale Raises Eyebrows 💸

  • Gainers & Newbies 👀

  • Venom vs. Carnage #14 🩸

  • Bitcoin Top Cap 🔬

OWLGO’S NEWS NEST
3 TRENDING HEADLINES 💡

DEGEN PLAYS
GAINERS & NEWBIES 👀

*Market insights are updated daily.

VEVE & NFT
VENOM VS. CARNAGE #14🩸

CHART OF THE DAY
BITCOIN TOP CAP 🔬

Bitcoin Top Cap

This indicator uses market cap and price information as inputs. It is therefore not an onchain indicator.

To calculate Top Cap, it is first necessary to calculate Average Cap, which is the cumulative sum of Market Cap divided by the age of the market in days. This creates a constant time-based moving average of market cap.

Once the Average cap is calculated, those values are multiplied by 35. The result is Top Cap.

For much of Bitcoin’s history, Top Cap correctly predicted the Bitcoin price high’s of the major cycles where price had gone parabolic due to market euphoria and FOMO (fear of missing out). It failed to do so in 2021 as there was a rounded top to the cycle, not a parabolic top.

OWL’S EYE VIEW
CRYPTO VIDEO SPOTLIGHT - WHAT IS A COLD WALLET? 🔦

HOOT’S OF ENLIGHTENMENT
WHAT IS DOT? 💡

Polkadot (DOT) is a groundbreaking cryptocurrency designed to enhance blockchain interoperability. It enables different blockchains to securely communicate and transfer data, creating a more connected and efficient ecosystem.

DOT's innovative design allows for scalability through its parachains, which operate independently but can interact seamlessly. This structure ensures faster transactions and a more adaptable network.

Polkadot's governance model is highly decentralized, giving token holders control over protocol updates and development. With strong support for decentralized applications (dApps) and cross-chain collaboration, DOT is at the forefront of blockchain evolution, offering immense potential for developers, businesses, and the crypto community.

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/