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- 🦉 Investor Turns $800 Into $7.5M
🦉 Investor Turns $800 Into $7.5M
Ripple Unveils Bank-Grade Crypto Custody, SEC’s Crypto Regulation Approach a ‘Disaster’ Lacking Clarity, and More!
Traci Smith & Mike Cullison
October 11, 2024
GM 🦉 Capping off the week with some bangers! Here is your 5-minute roundup all things crypto!
In Today’s Crypto World:
Moo Deng Meme Coin Investor Turns $800 Into $7.5M 🤑
Ripple Unveils Bank-Grade Crypto Custody 🔐
SEC’s Crypto Regulation Approach a ‘Disaster’ Lacking Clarity 🌪️
Gainers & Newbies 👀
Sinister Six 6️⃣
Pi Cycle Top Indicator 🔬
DEGEN PLAYS
GAINERS & NEWBIES 👀
*Market insights are updated daily.
VEVE & NFT
SINISTER SIX 6️⃣
CHART OF THE DAY
PI CYCLE TOP INDICATOR 🔬
The Pi Cycle Top Indicator forecasts the cycle top of Bitcoin’s market cycles. It attempts to predict the point where Bitcoin price will peak before pulling back. It does this on major high time frames and has picked the absolute tops of Bitcoin’s major price moves throughout most of its history.
Pi Cycle Top is useful to indicate when the market is very overheated. So overheated that the shorter-term moving average, which is the 111-day moving average, has reached an x2 multiple of the 350-day moving average. Historically, it has proved advantageous to sell Bitcoin around this time in Bitcoin's price cycles.
It is also worth noting that this indicator has worked during Bitcoin's adoption growth phase, the first 15 years or so of Bitcoin's life. With the launch of Bitcoin ETF's and Bitcoin's increased integration into the global financial system, this indicator may cease to be relevant at some point in this new market structure.
OWL’S EYE VIEW
CRYPTO VIDEO SPOTLIGHT - WHAT IS CRYPTOCURRENCY? 🔦
HOOT’S OF ENLIGHTENMENT
WHAT IS LITECOIN? 💡
Litecoin (LTC) is a standout in the cryptocurrency space due to its speed, affordability, and reliability.
Created in 2011 by Charlie Lee, it was designed as a “lighter” version of Bitcoin, with faster transaction times and lower fees, making it ideal for everyday use. LTC processes blocks every 2.5 minutes, compared to Bitcoin’s 10 minutes, ensuring quicker confirmation times.
With robust security through its Proof-of-Work mechanism, it’s highly resilient to attacks. Additionally, LTC has a capped supply of 84 million coins, fostering scarcity and value appreciation over time, making it a strong contender for long-term investors and daily users alike.
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/