Crypto Snapshot & The AI Project Making Waves on Social Media
DAILY MARKET OVERVIEW
Markets on Fire with ETF Moves & Trump's Turnaround
Hey there Crypto.Reporters! The markets are heating up today, and we've got some spicy updates for you. 🌶️
First up, Grayscale is making some serious moves to stay in the game. They've cooked up a "mini" Bitcoin ETF to alleviate those pesky tax burdens and curb those outflows. Talk about innovation! 💡
But wait, there's more! Our favorite former president, Mr. Donald Trump himself, has done a complete 180 on crypto. He's gone from calling Bitcoin a "scam" to suggesting he wouldn't crack down on it as president. Talk about a plot twist!
Now, let's dive into the HODLer dynamics. Long-term holders (LTHs) have been selling off, while short-term holders (STHs) have been stacking up. But don't worry, the LTH supply is still on the rise every cycle, proving that Bitcoin conviction is stronger than ever. 💪
And let's not forget the juicy news from the crypto world! Coinbase is challenging the SEC in court, and global banks are testing the waters with a large-scale blockchain pilot test. Exciting times, indeed! 🤩
So, strap in! The markets are heating up, and we're just getting started. Grab some popcorn and enjoy the ride!
TWITTER SENTIMENT
Grass Chain: Cultivating the Future of AI Data Dominance
Crypto Twitter is buzzing about a new project called Grass Chain, and its cutting-edge technology has everyone talking. But what exactly is Grass Chain, and does it live up to the hype? Let's dive in and find out!
Grass Chain is a decentralized network that gathers data from the internet to train artificial intelligence (AI) models. It runs on a blockchain, keeping track of where each piece of data comes from and rewarding the people (called nodes or validators) who collect it. Here are the key points about Grass Chain:
It scrapes data from websites to create datasets for training AI.
It permanently records on the blockchain the source of every data piece and which node collected it.
Nodes earn rewards based on how much data they harvest from the web.
It will operate on top of the Solana blockchain to handle a massive amount of web requests (around 1 million per second!).
Grass token expected to launch in 2024
Grass Chain aims to be a foundational layer for AI development by providing a transparent and rewarded way to source training data.
So, is Grass Chain worth all the excitement? With its innovative approach to data collection, strong narrative, and its potential to power the next generation of AI, it just might be! Stay tuned as this exciting project continues to unfold.
OhBabyGames: The Crypto Gaming Studio Taking Over Steam
Get ready, gamers! There's a new player on the scene that's about to shake things up. OhBabyGames, a gaming studio, is gearing up to release its flagship crypto games, and they're aiming for the big leagues – Steam, the world's largest gaming platform.
Now, Steam is known for being a bit picky when it comes to crypto games, but OhBabyGames has found a way to break through. That's right, they've managed to score a spot on Steam's platform, and they're about to unleash crypto gaming.
Make sure to keep an eye on this project as there might be some lucrative rewards for players.
NEWS OVERVIEW
Latest Updates in Cryptocurrency
YOUTUBE INFLUENCER SUMMARY
DataDash - These Four Altcoins Could Rally 300% By The End Of April(13.03.2024Summary)
You know what time it is? It's altcoin season, baby! 🚀 While Bitcoin continues its steady climb, the altcoin market is heating up, and our friend DataDash has spotted some juicy opportunities.
🔥 The Four Altcoins to Watch 🔥
Stacks (STX): The premier player in Bitcoin infrastructure and smart contracts. With a bullish chart pattern dating back to 2019, Stacks could see a 300-350% move against Bitcoin in this cycle.
Render (RNDR): Riding the AI wave, Render has already gained 140% against BTC. But Nicholas thinks it could find support around $1,300-1,400 and continue its rally.
Super (SUPER) : While not the strongest narrative, Super's resilient chart and potential for AAA-quality games make it a solid contender for further gains.
Meme Coins (POOH, MONG): You know the drill – meme coins are all about momentum. Nicholas is keeping a close eye on POOH and MONG, with the latter showing promising signs on the hourly chart.
🎢 The Macroeconomic Rollercoaster 🎢
While the crypto market is heating up, DataDash reminds us to keep an eye on the macroeconomic landscape. Equities like NVIDIA and Super Micro are riding the AI craze, but DataDash warns that worrying signs in equity markets could precede a crypto flush.
The yield curve is still inverted, but it's slowly uninverting, suggesting markets are taking a risk-on perspective. And oil prices are consolidating, with a potential breakout hinting at inflationary pressures.
So, buckle up and enjoy the altcoin ride, but don't forget to keep one eye on the macro horizon! 👀
Because Bitcoin - KASPA's huge re accumulation before its MASSIVE rally (13.03.2024 Summary)
🚀 Buckle up for a wild ride! This video features a lively discussion between Max from "Because Bitcoin" and Jim "Cryptographer" about the exciting prospects of Kaspa.
The dynamic duo dissects the reaccumulation patterns and fractals they're spotting on Kaspa's chart, hinting at a potentially massive rally in the near future.
Jim passionately breaks down the white claw accumulation schematic, a pattern designed to lure in retail traders before a big move.
Max brings the context, arguing that Kaspa is still a midcap altcoin that will follow Bitcoin's lead, just like Cardano and other top projects from the last cycle.
😎 Prepare for liftoff! As Bitcoin dominance capitulates and altcoins take the spotlight, Max expects Kaspa to be one of the leaders, potentially reaching mind-boggling targets like $1.30, $2, or even $3.
The duo compares Kaspa's potential trajectory to the explosive rallies of Ethereum and Cardano in the previous cycle, leaving the audience on the edge of their seats.
🔮 The future looks bright! With their infectious enthusiasm and deep market insights, Max and Jim paint a bullish picture for Kaspa
CRYPTO MEMES
“The Crypto Market When BTC Price Goes Down”
The information provided in this newsletter is for general informational and educational purposes only. It should not be considered financial advice or a recommendation to buy or sell. Please consult a qualified financial advisor for personalized advice that considers your individual financial situation and goals.