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🔥Weekly Report: GMEE +948% (30d)

BTC $37.0k, ETH $2.0k, FTT +272% (7d), GMEE +948% (30d)

The Weekly Altcoin Report - November 11th, 2023

Table of Contents

ETF News (& Rumors) Continue to Pump the Crypto Market

We have seen another stellar week in the crypto market with Bitcoin up 6% and Ethereum up 12% with Bitcoin ETF news and speculation continuing to pump the market.


The Ethereum Pump this Week (ETH ETF):

The recent surge in Ethereum's price can be primarily attributed to the news about BlackRock's application for an Ethereum ETF (Exchange-Traded Fund). This development has been a significant factor in boosting investor sentiment towards Ethereum. BlackRock, being one of the largest asset managers in the world, filing for an Ethereum ETF is a substantial step towards mainstream adoption of Ethereum as an investment asset and bringing institutional money into the crypto space, making it easier for investors to buy into Ethereum, contributing to the increase in its price.

The Ethereum price notably surged by 10% within 24 hours, with the price crossing the $2,000 mark, indicating a strong positive reaction in the market to this news. This surge is also reflective of a broader increase in interest and confidence in the cryptocurrency market, with Ethereum being a major beneficiary. The move by BlackRock has not only impacted Ethereum but also seems to have injected more FOMO (Fear Of Missing Out) into the race to invest in crypto assets, including Bitcoin.

Rumor of Bitcoin ETF Approvals within a Week:

The Securities and Exchange Commission (SEC) has one last short window, an eight-day period starting Thursday, if it wants to approve all 12 spot bitcoin (BTC) ETF applications this year, according to two analysts, Eric Balchunas and James Seyffart.

They expect the SEC to ultimately allow all 12 applications to launch their products and wrote that the comment period for the seven applicants ends on Wednesday, which means that the SEC could issue approval orders starting Thursday, Nov. 9 through Nov. 17.

While I don't personally believe we will see the approval of Spot Bitcoin ETFs until early 2024, this news is contributing to the surge in the cryptocurrency market and if this actually happens over the next week, we could see another major surge in the price of Bitcoin and the overall cryptocurrency market.

FTX Founder Sam Bankman-Fried to Testify at His Own Trial
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Sam Bankman-Fried

In other news, Scam Bankman-Fried the former CEO of FTX, was found guilty of all seven charges including securities fraud, money laundering, and five other criminal counts. This ruling has helped improve market sentiment and confidence in the crypto market.

Fear & Greed Index at an All-Time High

All these factors have contributed to the fear and greed index being at one of the highest levels we have seen all year and overall, the sentiment and outlook for the market is very positive.

With Bitcoin trading at $37,094 and the current market sentiment, we could see Bitcoin pass the $40k mark relatively soon!

4 phases of the crypto market

Join Us - As We Accumulate

Now is still an excellent time to get into 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 - You just need to become a member.


Crypto Bubbles - Last 7 days

The crypto market is flush with green again this week (the third week).

Today's Crypto Fear & Greed Index:

Crypto Fear & Greed Index for Today
Crypto Fear & Greed Index

Today's Crypto Fear and Greed Index = Greed –> Increased to 70 (from 68 last week).

Bitcoin & Ethereum Price Movement

Bitcoin and Ethereum Price for the last 7 days

Bitcoin has increased 6.7% in the last week, currently trading at $37,094. In the previous 90 days, Bitcoin has increased by 24.19%.

Ethereum has increased 12.6% in the last week, currently trading at $2,070. In the previous 90 days, Ethereum has increased by 13.62%.

Global cryptocurrency market capitalization has increased to $1.39T (from $1.3T last week).

best cryptocurrency to buy now

Top 100 Gainers - Last 7 Days

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

Kaspa (KAS), is one of the best-performing cryptos this week (+59%) and also the Altcoin Pick for March (+2,070% in the last year).

FTX Token (FTT) +272% - Ranked #43

Last week, Sam Bankman-Fried, the former CEO of FTX was found guilty of all seven charges including securities fraud, money laundering, and five other criminal counts. It's been a year since the FTX collapse and this week, after the guilty verdict, we are seeing a resurgence in investor confidence with over 272% increase in the price of the FTX token.

The FTX Token (FTT) is the native cryptocurrency of the FTX trading platform, launched on May 8, 2019. It was created by the Hong Kong-based FTX Exchange, co-founded by Sam Bankman-Fried and Gary Wang. FTT is used within the FTX ecosystem for several purposes, including paying transaction fees, serving as collateral for margin trading, and purchasing products and services.

Cronos (CRO) +75% - Ranked #28

Cronos (CRO) is the native cryptocurrency of the Cronos Chain, developed by It's used for transaction payments and services on the platform, including trading, payments, wallets, and a metal Visa debit card. CRO enables users to earn rewards, get fee discounts, and stake tokens for benefits.

Launched in 2018 by the founders of, it aims to increase cryptocurrency adoption globally. CRO is integral to's payment app and is set to expand across other products. It supports a variety of uses in DeFi, NFTs, and offers cashback, staking rewards, and liquidity bonuses​.

Kaspa (KAS) +59% - Ranked #34

Kaspa (KAS) is a proof-of-work cryptocurrency leveraging the GHOSTDAG protocol, which allows parallel blocks to coexist, leading to high block rates and low confirmation times. It's a community-driven, open-source project without central governance, similar to Bitcoin. Kaspa aims to address scalability and security issues in traditional blockchains, offering fast, secure transactions and protecting against manipulations like transaction ordering. Kaspa’s smart contracts, based on the UTXO model and a Turing-complete virtual machine, support applications in DeFi, supply chain management, gaming, NFTs, and decentralized governance​.

Celestia (TIA) +59% - Ranked #83

Celestia (TIA) is a modular blockchain network with its native token, TIA, playing a central role in its ecosystem. TIA is used for transactions, supporting decentralized applications, and enabling community governance.

It operates on a deflationary model, with part of every transaction fee being redistributed to holders, rebalanced, or burned. Celestia's proof-of-stake consensus allows TIA holders to participate in network security and governance. The total supply of TIA is capped at 1 billion, with allocations for public use, R&D, early backers, and core contributors.

Micro-cap altcoins

Biggest Micro-Cap Gainers in the last 30 days

We review and analyze small and micro market cap cryptos every week 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):

monthly altcoin picks

Monthly Altcoin Pick:

Two weeks ago we released our latest Altcoin Pick for November - and it's already up ~180% in the last 30 days. If you would like access to this and future Altcoin picks, consider becoming a member - It's only the price of a couple of 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 the methodology we use.

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

Thanks and appreciation to all our members!

Until the next report,