๐ฅ Alt Season is heating up
Todayโs agenda points โคต๏ธ
๐ Today in markets
๐ฅ Alt Season is heating up
๐ย Whatโs next in Crypto?
๐ฎ Flooz Top Picks
๐ Changing narrative
The Bitcoin focus has been strong the past few weeks and it is understandable, after all, the market does tend to follow the path of Bitcoin...
But we know that for most people, Bitcoin is not the interesting investment area to make money, simply because it rises slower and has less room for expansion. Whereas something like memecoins can move incredibly fast as seen this year alone.
So, if you are wanting to make the most of this bull run, while it isn't a bad idea to put some money into Bitcoin, if you truly want to make bigger gains, focusing on altcoins which have much more room for growth is the play.
If you're not sure what to buy, or need some guidance... we share different kinds of projects twice a week in which we feel could have an exciting future and worthy of potential investment.
Remember, we want everyone to have a successful bull run, and we will do our best to help navigate you through it the best we can.
If you want to see our latest additions, make sure to read until the end ๐
๐ Today in markets
We've seen a lot of volatility recently, especially on Bitcoin and it has made it a nervy period for many investors.
But where are things heading next?
Bitcoin declined yesterday which is very normal after we have seen super bullish candles so far this year. However, this seems like a pullback of Wednesday's bullish move. We need to get more healthy candles to get the next market lead and a bias.
The next agenda it is all about the weekly closing in the CME chart and ETFs. If we can see a recovery and a move above $68k, we could be set to move higher. Below $60,000 is the bearish zone. Until Bitcoin breaks above $72k with extreme bullishness or in the Weekly chart the current move will be considered as a bullish pullback.
It is a volatile market currently but with the halving approaching, we could be in for a fun ride within the next few weeks if things align well.
Either way, the markets look super bullish for the longer term, so let's see what happen next.
๐ฅ Alt Season is heating up
Bitcoin this... Bitcoin that... It is all we have heard in 2024, and while it is exciting, there are other narratives to focus on too.
Welcome the one and only, ALTCOINS!
Now, you are probably thinking... aren't altcoins still doing well?
And the answer would be yes. But Bitcoin has been up and down with some small consolidation periods and as a result, some altcoins have been super preparing for the next drop in BTC dominance.
Which if you are not too sure about, when Bitcoin takes dominance of the market, altcoins lack behind until it drops.
This is why alt season happens after new all-time highs are hit on Bitcoin and those profits then trickle into altcoins for maximum market effectiveness. And with the halving fast approaching, we may see a big move in the next few months...
Currently there is still time to get into altcoins before we get the next big leg up, so if you are not too sure where to invest, keep reading on as we have a few suggestions that may be of interest leading into the bull run.
However, these are purely educational and guidance based, so only invest what you can afford to lose and do your own research too, as nothing is guaranteed.
๐ Whatโs next in Crypto?
Since the Ethereum Upgrade (Dencun), we have seen a rise in popularity for a certain blockchain...
And it is none other than Base.
As of last week, the Base network is available on Flooz with our swap feature, allowing for easy cross chain swaps. Trade any token across the Base chain, and join an ever expanding ecosystem with over $794m in TVL (total value locked) and over $260m in 24h volume.
This is the blockchain linked with Coinbase, one of the biggest crypto exchanges in the world, and they are looking to expand their blockchain big time. You can learn more about the Base ecosystem here in our recent blog article.
With the Dencun upgrade coming into play, the Base blockchain just become a whole lot more attractive due to cheaper fees and it could be the next blockchain to see massive interest like we have recently seen with Solana.
As always, here are a few projects on the Base chain to keep an eye on, that can be traded directly on Flooz.xyz/swap โฌ๏ธ
๐ฎ Flooz Top Picks
Here are our three crypto picks of the week ๐
The first on our list is ๐
Electra Protocol is an ecosystem for near real-time transactions at almost no cost. Simply put, Instant payments without needing a bank account.
This is becoming popularised around the world quickly, and with a market cap of $32M and a rise in price of over 200% in the last 14D, $XEP may be one to keep an eye on.
For our next pick, we have ๐
Botto is a decentralized autonomous artist which creates works of art based on collective feedback from the community.
This is super unique and the project is seeing big interest with a price rise of over 130% in the last 30D and has a market cap of just $39M.
The last pick of the week is ๐
Phantom Galaxies combines open-world space sim with fast-paced mech shooter and a captivating story and is already on Steam and Epic games platforms with are two of the biggest gaming platforms in the world.
In the last 7D, $ASTRAFER has increased by over 250% and sent it to a market cap of around $60M.