Weekly Analysis 2/19

The INX Digital Company INC | February 19, 2024
6 min read
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Continuing our dedication to your 2024 financial goals, we’re excited to recap the past week’s opportunities. Here’s the rundown

Weekly Analysis

These 3 Charts Suggest That The Bull Run Is Only Warming Up

Bitcoin is up over 200% since the beginning of 2023, leaving no doubt that we are in yet another bull run. However, unlike the last time Bitcoin traded at $52,000, this time the charts suggest that the Bitcoin bull run is only getting started.

Holders are currently realizing around $6.6bn in profits daily on Bitcoin. While this amount is significant, it pales in comparison to February 2021. Back then, Bitcoin was trading at the same levels as today with daily realized gains of  $21bn.

**Source: https://checkonchain.com/

Another chart to watch is the stock-to-flow chart, which models the price of Bitcoin by comparing its existing supply (stock) with the rate at which new Bitcoins are created (flow.) After dipping beneath the forecasted line at the end of 2021, Bitcoin has just recovered parity with the stock-to-flow model. Bitcoin tends to overshoot the S2F model during bull runs, which is exciting given that the model predicts a price of $440,000 by 2025.

**Source: lookintobitcoin.com

Finally, the classic Mayer Multiple chart, used to identify periods where Bitcoin is overbought or oversold, likewise suggests that we’re only just getting started. The Mayer Multiple is calculated by dividing the current price of Bitcoin by its 200-day moving average. The current Mayer Multiple of 1.48, when compared to the MM of 2.5 that was hit 2 years ago at a similar price point indicates a less overheated Bitcoin market now than two years ago. This potentially reflects a more stable and sustainable market trend, despite similar price levels.

**Source: newhedge.io

INX On Air

Developing Global Prosperity Through Tokenization

Following your recent picks of topics, our next LinkedIn Audio event on February 20th will reveal how the digital economy is reshaping opportunities for financial empowerment. Join our broadcast to gain insights on maximizing 2024’s RWA opportunities relevant to you.

INX Goes Live with Republic 

Last week, we officially agreed to extend our collaboration agreement with Republic for an additional year, including a three-month option exercise period for a potential acquisition deal. This decision underscores our commitment to providing ultimate global financial opportunities. INX’s agreement to push the deadline further comes as Republic progresses through its capital raise round. This week, join us for a LIVE AMA broadcast where executives from both companies will provide updates and answer questions.
Stay tuned on our social channels for the details!

Trading on INX.One

Special Announcement or – Attention TurnCoin and XMANNA Token Holders

The TurnCoin and XMANNA offerings have officially ended. After a thorough evaluation and careful consideration, INX and the two companies have mutually agreed to discontinue the STOs on the platform. For those of you who have invested in either of these offerings, a direct email communication will be sent about the next steps.

We appreciate the partnership and efforts made, and remain committed to maintaining the highest standards for our platform. We anticipate introducing our upcoming STOs very soon.

Last Chance to Invest – 10 Days Only!

Trucpal has successfully concluded its first tranche of STO after sharing its revenue with investors and announcing two rounds of dividends. This tranche is set to officially close on February 29th!
It’s your last chance to invest in Trucpal’s STO under the existing terms!
10 more days! ACT FAST!

Don’t forget to review the list of primary and secondary security tokens offered on our platform, each representing a different industry and a unique opportunity.

Optimize Your Portfolio

Love Together, Trade Together

As we celebrated Valentine’s, INX was there to help you with the ultimate gift. The offer still stands: Refer a loved one to INX.One and earn big. For every trade they make, you earn 75% of the trading fee. Spread love and earn together!

Your Favorite Tweet

Your favorite tweet last week reminded you of the key to the trillion-dollar private equity industry, now available on INX.One. Referring to the Republic Note, as described by INX’s CEO: “It’s not just an investment; it’s immediate earning potential.” The tweet highlights the opportunity to turbocharge your portfolio by gaining exposure to Republic’s expanding venture portfolio of over 750+ assets.

INX.One

What’s Trending on INX Academy

INX Academy offers multiple articles and guides to help you better understand this evolving market and the wealth of opportunities it has to offer.

This week, we’re diving straight into the Beginners section of the Academy to revisit the basics, ensuring that we’re all familiar with the principles and infrastructure underpinning the current era of the digital economy. Here are the first three articles to get you started:

INXers on Telegram

INXers, our global INX community on Telegram, engage in lively discussions, recognize trends, share news, and debate critical issues. Each week, we gain insights into their perspectives and preferences through a weekly poll.

Poll of the Week:

Which do you think will reach an all-time high first this year?

INXers say:

80% $BTC
20% $ETH

The vote is still ongoing.
Join our community on Telegram to cast your vote.

We have a busy week ahead.
Stay tuned for more updates!

The INX Digital Company INC February 19, 2024

The INX Digital Company inc. is an expert in the field of finance, crypto and digital securities.

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