Weekly Yields

BTC's Best January? Crypto Weekly Newsletter #037

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Bitcoin's best start since 2013, $100k OBT token buyback program, Cardano's Djet stablecoin launch, MATIC millionaire trader, dydx postpone token unlock to Dec 2023.

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Weekly Yields
Danail Velchovski
January 30, 2023
Jan 30

📢 One Click Crypto Announces $100,000 $OBT Buyback Program

Welcome,

The crypto market continued growing last week, and Bitcoin is headed toward a historic January performance. BTC needs to gain another 5% by the end of the month to beat its best-ever start from 2013 when the asset grew by +44.95% to around 20 US Dollars.

Table source: CoinGlass

Another unbeaten statistic from 2013 is starting the year with four consecutive green months. For context, if BTC leaps by another 40–45% in Feb, Mar, and Apr, the crypto’s price would sit at about $63–73k before May — showing the power of compounding.

How likely is it to happen? I will let you decide.

Market update

At the time of writing, the total market cap of crypto is sitting at $1.07T, according to Messari. Bitcoin is trading at $23,124, while Ethereum is slightly down from its $1,600 support.

Among the top gainers in the leaderboard is Polygon at +11.98% ROI week-on-week, while Shiba Inu has made its place in the top 14.

Data from Jan 30, 2023, at 18:35 UTC via Messari.io.

Latest news:

Bitcoin Mining Difficulty Hits New All-Time High With 4.7% Rise

The difficulty of mining Bitcoin has hit a new all-time high, rising 4.68% from 37.59 EH/s to 39.35 EH/s, as per recent data. The mining difficulty, which determines the computational power required to mine a single Bitcoin, is adjusted every two weeks, making it more challenging as more miners join the network.

Image source: CoinWarz.

Meanwhile, the hash rate, a measure of the computational power dedicated to Bitcoin mining, stands at 305.81 EH/s, still below its all-time high of 348.7 EH/s on January 6, 2023.

Cardano-Based Overcollateralized Stablecoin Djed to Launch This Week

Cardano-based decentralized stablecoin Djed is set to launch next week, according to a statement made on Medium. The new stablecoin, developed jointly by Cardano code maintainer IOG and blockchain provider Coti, will be overcollateralized and backed by other tokens to ensure stability in volatile markets.

Source: Twitter

On launch, Djed will be available on over 40 Cardano-based DeFi applications.

Investors Pump Money Into Crypto Funds Amid Pickup in Market Sentiment

Investors are putting more money into crypto funds as the sentiment in the market improves. Digital asset investment products saw an inflow of $117M last week, the largest since Jul 2022, while the total AUM rose to $28B, up 43% from Nov 2022 lows.

The focus was mainly on BTC, which saw an inflow of $116M, while multi-asset investment products had outflows for the 9th consecutive week, totaling $6.4M, indicating that investors are selective. Germany was the main focus, seeing 40% of all inflows, followed by Canada, the US, and Switzerland. Blockchain equities also saw inflows totaling $2.4M.

Other news

Our research

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Top 6 AI Trading Bots 2023
Analyzing 59 DeFi Yield Aggregators

One Click Crypto performance

Aggregated return of One Click Crypto vs. BTC and ETH

Last week Bitcoin’s price grew by +4.62%, while Ethereum lagged behind at +0.47%. During the same time, the aggregate return of all One Click Crypto strategies returned +3.07%.

The average returns for 7 and 30 days, measured on Jan 29 at 23:59 UTC. Source: 1CC Stats

Top trading strategy

Performer v1 remains at the lead with the highest average returns at +4.18% during the last 7 days, followed by Performer v2 at +3.56% and Explorer at +3.53%.

Top-performing AI strategies between Jan 23 00:00 UTC and Jan 29 23:59 UTC. Source: 1CC Stats

Top-performing market pairs

In a stunning performance, the Explorer AI had the three best returns on market pairs, with FTM:USDT leading the way at +105.16%, followed by SOL:USDT at +86.60%.

The best market pairs for 1CC AI bots between Jan 23 00:00 UTC and Jan 29 23:59 UTC.

Final word

As crypto continues breaking records, we are looking at a potentially volatile week with several financial reporting dates this week, including the FED’s interest rate decision on Wednesday, tech stocks earnings on Thursday, and the US Jobs report on Friday.

So, hold on tight and be prepared for some price spikes in the second half of the week.


Max Yampolsky,
CEO at One Click Crypto
ir@oneclick.fi

DISCLAIMER:
This is not financial advice. This newsletter is strictly educational and does not provide investment advice, solicit the purchase or sale of any assets, or encourage readers to make financial decisions. Please use caution and conduct independent research.

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Danail Velchovski

Danail masterfully combines his deep knowledge of blockchain technology and his strong writing skills to deliver crisp, comprehensive content. With his early immersion in the web3 domain, he navigates the complexities of this revolutionary technology with ease, turning intricate concepts into engaging, digestible pieces. His research acumen and keen insight into the rapidly evolving world of decentralized networks make him an invaluable asset in educating audiences about web3's potential and its ever-evolving landscape.

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