Weekly Crypto Insight (23 Dec 23)

Welcome back to Bull Market Bytes, your weekly cryptocurrency insight where we deep dive into crypto analytics and plot a course to the dealership to window shop for that new Lamborghini! 😎

Fasten your seatbelt, fellow window shoppers, as we hop on the express lane to a world of endless possibilities!

No matter if you are new to cryptocurrency or a veteran, we have something for you!

Select one of the weekly topics below if you would like to skip ahead!

💰🚀 Crypto Surpasses $1.6 Trillion

📚✏️ Weekly Education Lesson

📈🔍 Litecoin Price Forecasting

🗳️📊 Interactive Poll for our Subscribers

Market Tops $1.6 Trillion!

In just three months, the cryptocurrency market has surged $600 billion! 🚀

With an overall market cap that is now over $1.6 trillion, we have entered the first steps towards a bull market stronger than the world has witnessed before!

Why do we say this? 🤔

Because we are witnessing a steady increase in value across the market.

Why is this important, you ask?

Because the higher and healthier the increase of Bitcoin and other cryptocurrencies, the higher the price increase potential when we hit the peak bullish market! 📈

What Happens Next?

Consolidation! With every action there is a reaction. As the cryptocurrency market increases, we must see a decrease to maintain a healthy movement.

Consolidation (sideways movement of an asset) is very important! Without this healthy movement, we will see movement very similar to the end of 2021 and into 2022 which resulted in a crash of Bitcoin’s price by $52,767! 🤯

⚠️ Warning! Buyers will take profits and sell sooner or later. Do not “chase” or buy after a drastic movement or you may result in a negative return on investment.

Not financial advice, of course 😁

The buyers that are selling have to sell to someone to take profits, don’t get yourself in that situation.

Again, with any action there must be a reaction! ⚖️

Weekly Byte of Education

🤠 Put on your thinking caps as we dive into this week’s Byte of Education. Which cryptocurrency is next to 100X? That is the million-dollar question…literally. 😄

So, what is one thing we can do to be one step ahead when searching for the answer? Look at the supply! ✨

So, what are the different types of supply for a cryptocurrency project?

🔷 Circulating Supply: The number of coins or tokens that are free flowing between users and the markets.

🔷 Maximum Supply: This is the total number of coins or tokens that will ever be in existence.

🔷 Total Supply: Take the total supply that has been introduced into existence but subtract any coins or tokens that may have been “burned”.

Remember! A coin or token valued at $1 in the past does not mean it will automatically return to that amount when the bull market arrives! There are multiple variables that can change over a short period of time that must be taken into consideration to meet the criteria for the next 100X project!

Weekly Crypto Forecast

Litecoin continues to prove that it is a top competitor. As of 21 December 2023, Litecoin has had the most active addresses in the past 24 hours reaching 1.44 million transactions, more than Bitcoin and Ethereum combined! 🤯

With very low transaction fees and continuing to gain support in the centralized realm, many people are beginning to speculate that there is a possible Litecoin ETF around the corner! 👀

If this occurs, the optimistic peak price may increase dramatically!

Don’t forget, Litecoin is the ONLY blockchain with over 12 years of continuous uptime at 100%! 🔥 Impressive!

Even though Litecoin hype may not be at its peak, we wouldn’t count it out!

Next Stop for Bitcoin

The all-time high price of Bitcoin on Binance is $69,275 in November of 2021. Some speculate that the next all time high could be $80,000. Some speculate it could be $400,000! 😲 Let us know what you think!