Skip to content

🔥Weekly Report: FAKEAI +1,465% (30d)

BTC $62.4k, ETH $3.4k, WIF 325% (7D), FAKEAI +1,465% (30d).

Altcoin Report - March 1st, 2024. |

Table of Contents

It's been a Crazy Week:

  • Bitcoin hits $64,000 (Thursday).
  • Bitcoin Surpasses the Russian Ruble (14th largest currency in the world)
  • Microstrategy buys another 3,000 Bitcoins
  • Price of Gold: New All-Time High
  • Bitcoin ETF market is already worth more than half of the Gold market!

There has been a lot of news this week and the significance of these events can't be understated, so let's jump in:

Bitcoin Hits $63,000 (Thursday)

On Thursday, Bitcoin hit $63,000 on Binance, continuing its strong market momentum. This price is higher than we had predicted and we are still 50 days away from the Bitcoin Havling event where the supply of new Bitcoins into the market will be decreased by 50%, likely resulting in further increases in the price of Bitcoin. At this pace, its likely we will see Bitcoin exceed $100,000 before the end of 2024.

Bitcoin Surpasses the Russian Ruble

Bitcoin's increase in value has now elevated it to the rank of the 14th largest currency in the entire world, surpassing the Russian Ruble.

Microstrategy Buys Another 3,000 Bitcoin

MicroStrategy, led by Michael Saylor, recently added 3,000 Bitcoins to their holdings. This acquisition has increased MicroStrategy's total Bitcoin holdings to 193,000 BTC which is about 1% of Bitcoin's total circulating supply. Michael Saylor believes in HODLing Bitcoin and aggressive investment in Bitcoin as a core part of its financial strategy.

Price of Gold: New All-Time High $2,100 per ounce

While all the attention has been on the cryptocurrency market, Gold has hit new all-time highs, making now the most expensive time to buy gold in history.


Interestingly, even though gold is hitting new all-time heights, we are seeing investor preferences shifting from Gold to Bitcoin!

Bitcoin ETF market is already worth more than half of the Gold market!

Gold has always represented a hedge against inflation and a safe asset for times of economic uncertainty. While that still holds true, we are starting to see Bitcoin being treated as "Digital Gold".

Significant money is moving out of Gold ETFs into Bitcoin ETFs as Bitcoin is coming to represent both a store of value and the best-performing asset class in the last 10 years.

Combined with the increasing decline in the value of fiat money, it's almost certain we will continue to see an increase in the price of Gold and Bitcoin as a hedge against inflation. The resulting increase in the price of Bitcoin will also continue to boost the cryptocurrency market as a whole, setting the stage for the next crypto bull run.

Well, folks I think it's safe to say we are in the beginning of another crypto bull run.

Strap in as 2024 is going to be a crazy year!

The 4 Phases of the Cryptocurrency Market |
The 4 Phases of the Cryptocurrency Market

Join Us - As We Prepare for the Run Up

The price of Bitcoin is now sitting above the $60k mark and while this may sound like a lot of money for a single Bitcoin, we believe this is just the beginning of what will become one of the biggest growth opportunities we have seen in the crypto space for at least the last four years.

If you haven't already started diversifying your portfolio with crypto, it's still not too late. Now is an excellent time to enter the market while prices are still 'relatively' low.

If you want to know what we are buying, you are more than welcome to join us as we share our monthly Altcoin picks in anticipation of the upcoming bull run - Become a member to gain access.


CryptoBubbles - Cryptocurrency Trending Altcoins | - Last 7 days

Continuation of the prior week's trend - ALL GREEN in the market this week.

Today's Crypto Fear & Greed Index

Cryptocurrency Fear and Greed Index |
Cryptocurrency Fear & Greed Index

Today's Crypto Fear and Greed Index = EXTREME GREED –> Increased to 80 (from 74 last week).

Bitcoin & Ethereum Price Movement

Bitcoin and Ethereum Price |

Bitcoin increased 22.8% in the last week, currently trading at $62,488. In the previous 90 days, Bitcoin has increased by 60.3%.

Ethereum increased 17.2% in the last week, currently trading at $3,4437. In the previous 90 days, Ethereum has increased by 62.6%.

Global cryptocurrency market capitalization has increased to $2.31T (from $2T last week).

The Top 100 Crypto Gainers  (Last 7 days) |

Top 100 Gainers - Last 7 Days

Over the last 7 days, the biggest gainers (within the top 100):

Top 100 Cryptocurrency Gainers - The Last 7 Days |
The rise in value and popularity of meme coins (as seen above - 3/4 projects) often indicates a speculative phase in the cryptocurrency market, where investor sentiment is driven more by hype and social media influence than by fundamental value. This trend can signal increased market enthusiasm and a willingness among investors to take on riskier assets, often during bullish market conditions.

dogwifhat (WIF) +325% - Ranked #76

Dogwifhat (WIF) is a meme coin from the Solana blockchain, featuring a Shiba Inu wearing a hat. Launched in November 2023 with a market cap of $232 million, it quickly became the sixth most popular meme coin. Unlike other cryptocurrencies, WIF doesn't carry a deep message; it's simply about fun. Its simplicity and the supportive Solana community, known for fast transactions and low fees, contribute to its popularity. Despite its humor, like other meme coins, WIF's practical uses are limited to trading on exchanges where it's listed​​.

Pepe (PEPE) +235% - Ranked #57

Pepe (PEPE) is a meme coin with no inherent utility, relying on its cultural and viral appeal. Launched in mid-April with a low price and a supply of 420 trillion, it quickly built a community. PEPE operates on a no-tax policy, enhancing its appeal by eliminating transaction fees. A portion of each transaction burns, reducing the total supply and potentially increasing value. It's an ERC-20 token on the Ethereum blockchain, emphasizing community support as a key to its success​​.

Bonk (BONK) +125% - Ranked #59

Bonk (BONK) is a meme cryptocurrency on the Solana blockchain, launched on December 25, 2022. It aims to be a community coin for Solana's dApps ecosystem. Initially, 50% of BONK's total supply was airdropped to the Solana community, focusing on bringing liquidity back to Solana's decentralized exchanges. The creators of Bonk remain anonymous, and the project has seen significant trading volume and price increases since its launch​​.

Arweave (AR) +106% - Ranked #54

Arweave (AR) is a decentralized network designed for permanent information storage, akin to Bitcoin but for data. It offers a stable and mature protocol for hosting truly decentralized and provably neutral web apps, aiming to preserve humanity's most important data on a permanent, open ledger. The ecosystem is fully decentralized, fostering a community-driven environment for learning, using, and building upon Arweave​​.

Small Cap, Micro-cap and Nano Cap Altcoins (Small Cap Cryptos) |

Biggest Micro-Cap Gainers in the last 30 days

We review and analyze small and micro market cap cryptos weekly, looking for the next low-cap gem. These are the best-performing (quality) micro-cap projects over the last 30 days:

Best Performing Quality Micro Caps (Last 30 days)

Meme Coins:

The Meme coin sector is booming this week. Meme coins are cryptocurrencies inspired by internet memes, humor, and online communities. However, meme coins typically focus on cultural significance and virality, do not offer a real-world solution to a problem, and are considered by many to be simple novelty tokens without any inherent value.

Two of the most popular examples are Dogecoin (DOGE) and Shiba Inu (SHIB), which have gained popularity and value through community support and internet memes.

Top Performing Meme Coins

Top Performing Meme Coins |
Monthly Altcoin Picks - Micro Cap Altcoins | Altcoin Investor

Monthly Altcoin Pick

We will release the Altcoin Pick (for March) in just a few days - Don't miss out on this one!

If you would like access to this and future monthly Altcoin picks, consider becoming a member - It's only the price of a few cups of coffee a month.

Altcoin picks are emailed to members as soon as they are published. If you are wondering how we choose our monthly Altcoin Picks, this is our methodology.

Our Altcoin Picks for the prior months can be found here.

Thanks and appreciation to all our members!

Until the next report,