Bitcoin Zooms Past $51K 🚀, ERC-404 Innovation 💡, Starknet Airdrop 🪂
Hey Tigers!
This week, Bitcoin reclaims its $1 trillion market cap and ERC-404 introduces fractional NFT ownership, as Starknet gears up for a massive S 0.00%↑ TRK token airdrop to 1.3 million wallets.
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Wanna trade #Bitcoin, #Ethereum, and other #altcoins, but not sure where to begin? 🤔
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This Thursday, learn about "Setting Up Your First Crypto Wallet" from Aravindhan S, an expert quant trader.
When: Thursday, 15 February 2024 (TOMORROW)
Timings: 7-8 PM IST
📰 News Makers & Shakers
🚀 Bitcoin blasts past a $1 trillion market cap for the first time since late 2021! 📈 Surging beyond $51,000, this week, it marks its highest since December 2021. With a 21% increase this year alone, is Bitcoin gearing up for another record high? 💰✨
🌐 Introducing ERC-404: A game-changer for NFT ownership! 🖼️ This innovative standard merges the best of ERC-20 and ERC-721, allowing multiple wallets to co-own a single NFT. Imagine tokenizing your NFT's value for loans or staking! Plus, it opens up a world of fractionalized NFT collections, ready for trading and utilization in the open market. 🚀
🎉 Starknet Foundation announced that they’re airdropping $STRK tokens to about 1.3 million lucky wallets on Tuesday, 20 February 2024. With 728 million tokens up for grabs, various users have a shot at this generous "provision." Don't miss out—claims are open until Thursday, 20 June 2024! 📆💼
🚀 Token Trading Alpha
Currently trading at approximately $48,000, Bitcoin (BTC) has shown modest gains over the past seven days. Notably, BTC has formed a double-top pattern on the daily chart. With a $5,000 increase in the last week, the market cap stands at around $950 billion.
Analysts suggest that if the market cap surpasses $1 trillion in the short term, BTC may reach new highs.
Examining the weekly charts reveals a bullish trend in the short term, with the Relative Strength Index indicator moving upwards indicating a positive approach over long term.
This suggests a higher probability of a bullish pattern emerging. Such positive sentiment towards BTC is likely to drive up altcoin prices as well.
For more technical analysis and token trading alphas, join the Telegram group 👇
🎬 And that's a wrap on this week's digest! Stay tuned, and we'll meet in the next one! 📅 Until then, take care, and stay well! 👋💫
Cheers!
Kevin