Weekly Analysis 5/20

The INX Digital Company INC | May 20, 2024
1 min read

The warmer temperatures are felt not only in the weather but also in the financial arena. The global trend towards tokenization has opened up significant opportunities for us, with top financial institutions seeking collaboration with INX. While we are exploring new and exciting options, we continue to form new opportunities for all. Here are last week’s highlights:

Weekly Analysis

Is the Bitcoin Bull Run Back? Here’s What The Charts Say

Last week was a boon for Bitcoin as it made a 10% climb back to the $67,000 region, leading market observers to wonder if the bull is back. Not only has the price risen, but also the sentiment is up, with the Fear and Greed index in ‘greed’ territory yet again. After a slight dip into ‘neutral territory’, this market sentiment indicator is back above 70, suggesting that the risk-taking attitude has returned to Bitcoin markets.

**Source: bitdegree

The Spent Output Profit Ratio also implies that the heavy profit taking we saw over the previous two months is drawing to a close. Bitcoin’s SOPR is calculated by dividing the realized price of coins by the price at creation, or simply: price sold / price paid. A positive and increasing SOPR suggests increased profit-taking while a negative SOPR indicates coins being sold at a loss. After reaching a high of 0.13 during March, Bitcoin’s SOPR has normalized back to reasonable levels.

**Source: lookintobitcoin

Bitcoin’s net unrealized profit can also show us that the insane profit-taking has slowed down. When Bitcoin first crossed $67,000 in March 2024, the NUPL showed a profit of 64%. Now, that figure is down to 56%, suggesting that many of those who brought Bitcoin at recent high prices are still to see extensive profits.

**Source: lookintobitcoin

The percentage of Bitcoin supply that hasn’t moved in over a year dropped from 70% to 65% as HODLers took profit during the rally. That figure has now stabilized.

**Source: lookintobitcoin

With all the profit-taking seemingly behind us, it seems like Bitcoin is ready for another leg up.

New Launch Alert

Last week, we celebrated another milestone for Trucpal Token, presenting a potentially profitable opportunity for INX.One investors. Following the distribution of dividends and the successful closure of its first tranche, Trucpal’s second tranche has been officially launched and is now live. Invest seamlessly and efficiently, avoiding market disruption, and enjoy hassle-free investing with no trading fees, tailored for the “HODL” strategy.

Don’t Miss Out: Mega Fee Cuts on Our Token

The INX Token, pioneering as the premier SEC-registered security token, is celebrating another successful year, and our valued token holders are reaping the rewards. Don’t forget that for the entire month of May, holders of the INX Token from eligible countries for digital securities investment are in for a treat with substantial fee reductions of up to 100%! Eager to secure your spot for the next exciting reduction? You can now access the INX Token on INX.One

INX & Republic: Update

Last week, we provided an update regarding our partnership with Republic. Despite facing challenging funding conditions, Republic remains committed to exploring the potential acquisition. Both parties are optimistic about future opportunities and are actively pursuing solutions to realize our shared vision. Our collaboration has never been stronger. Together, we’re breaking barriers for our customers, enhancing efficiency, generating mutual value, and reducing costs. The recent global trend towards tokenization has presented our company with potential global partnerships and collaborations.

Currently, we are assessing the multiple opportunities. Stay tuned for further updates.

Trading on INX.One

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

INX is Coming to California

INX is coming to Digital Asset Week in San Francisco, and we hope to see you there tomorrow! Aligned with INX’s DNA, the conference brings together traditional funding and listing players with digital exchange and platform opportunities. INX’s VP of Business Development, Nadav Moskovitch will be there to explore the multiple pioneering routes we have formed for trading, investing, and capital raising on our regulated RWA exchange and educate investors on the multiple opportunities that will soon be available on INX.One.

Your Favorite Tweet

This week, a special tweet served as a great reminder that tokenized RWAs are a new must-have in your portfolio. It led to our guide on everything you need to know about the alternative investment channel. Nowadays, it is a strategic component in the modern investor’s playbook, redefining financial success. In our guide, you can learn about its unique rewards, potential for high returns, and risk mitigation.


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.

When it comes to the potential of tokenization, INX Academy enlightens us on the boundless options we need to explore. Here’s a sample:

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:

$BTC just hit $67,000. Where do you think the price will go next?

INXers say:

  • $72,000
  • $70,000
  • $75,000
  • $60,000 or lower

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 May 20, 2024

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


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