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8 Best Altcoins in January 2024: Reviewing the Top Altcoins Including Celestia, Solana, Sei, Corgi Ai, ApeMax, Injective, Bonk, and Arbitrum

8 Best Altcoins in January 2024: Reviewing the Top Altcoins Including Celestia, Solana, Sei, Corgi Ai, ApeMax, Injective, Bonk, and Arbitrum

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The bitcoin network hit a new all-time high yesterday when looking at the number of bitcoin addresses on-chain that hold at least 0.01 bitcoin balance. This new all-time high came in at 9,245,770 bitcoin addresses that meet the criteria. So why exactly is this a big deal? Bitcoin price has been falling from approximately $69,000 to under $58,000 over the last week or so. This drop in price would normally signal a drop in transaction volume, active addresses, and various other metrics. But we have seen persistent demand from users of the bitcoin network to accumulate bitcoin in small or large quantities, regardless of price. Many people assign these persistent, periodic buys to one of two factors ā€” (a) new users coming on-chain or (b) continued dollar-cost averaging by small investors. Remember, we arenā€™t talking about very large dollar amounts here. The US dollar equivalent of 0.01 bitcoin currently sits at approximately $570. It doesnā€™t take many $20 or $50 daily, weekly, or monthly purchases to dollar-cost average into a 0.01 bitcoin balance. Another important aspect of this new all-time high metric is that we are purely talking about on-chain bitcoin addresses, which does not include exchange accounts where the majority of bitcoin and cryptocurrency investors will go to buy, sell, or hold their assets. When you account for this detail, the 9 million number that may have previously seemed small compared to the global population, now seems a little bit more impressive. But is there more to the story than simply the all-time high in bitcoin addresses with more than 0.01 bitcoin balance? Absolutely. Take a look at the total transaction fees per day that people are paying to miners. This is the lowest it has been since around March or April of 2018. The total can be misleading though, so letā€™s take a look at the mean of all transaction fees being paid to miners. That is also at a multi-year low. Hope each of you has a great day. Iā€™ll talk to you tomorrow. #TradeNTell
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Important Info for each Crypto User. Ingore this rules and you will increase your chances to lose money. 1ļøāƒ£FTX collapse showed us, it's better not to keep all of your assets in one place. I mean not only exchanges, but wallets as well. 2ļøāƒ£UST collapse showed us it's better spread your money in different stablecoins. Separate your balance between USDT, BUSD, USDC. 3ļøāƒ£While searching in Google, always check for "Ad" mark. Scammers are creating the copy of original platforms and promote them with google ads. Users give their data and lose access to accounts & money. 4ļøāƒ£When you swap cryptocurrency or confirm the transaction, always read what you are confirming. 5ļøāƒ£If someone sent you a seed-phrase from trust wallet, which stores money, it's a 100% scam. Such wallets do not charge commisions. While transferring money to this wallet, they can be automatically transferred to another wallet with a smart-contract. 6ļøāƒ£If Channel admin contact you in private message - always check! For this you need to go in the description of the channel and click on username which specified in the description. 7ļøāƒ£Scammers like to create groups and invite people there, they can pretend to be a trustful project. But instead of original links you will receive a phishing links. 8ļøāƒ£Another scammer's trick - scammer will communicate with you, earn your trust and then will send you links to scam websites, which will steal your assets. 9ļøāƒ£For each purpose you neet to have a different wallet. One for airdrops, which keeps a bit of assets to confirm the transactions, one to store BTC, and so on These rules are made of lost millions. So do not repeat others mistakes!#BTC #ETH #ai
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