๐ Ethereum to start bull run?
Todayโs issue โคต๏ธ
1. ๐ Today in markets
2. ๐ Ethereum to start bull run?
3. ๐ย Whatโs next in Crypto?
4. ๐ฎ Flooz Top Picks
๐ย Flooz Exclusive Data Bytesย
On-chain insights, we've got you covered! Check out the tokens that are swapped by the top 100 holders of LOOT Token in the last 24H.ย
$PIXEL is a newly released token on the BSC chain.
$LOONG is a newly released token on the BSC chain.
$MBANK is a newly released token on the BSC chain.
โ Ups and downs
The markets are causing some confusion for the crypto world currently, we are seeing rises and falls, with no middle ground.
As we get closer by the day to the bull run truly commencing, we are witnessing similar patterns to previous cycles, and whether history repeats itself again or not... the movement overall is positive.
We have been in an uptrend since around October 2023 and we are still continuing to slowly rise up.
But don't get too comfortable just yet, as we could easily see a pullback from here and trap investors, which sadly happens quite often.
The force panic sell into buying at higher prices due to FOMO... it's a daunting process and one that many investors suffer from.
Now is not the time to be selling your long term assets realistically. We saw Bitcoin hit $16K in March 2023 and those prices are unlikely to be seen again.
As we close in on $50K, emotions will be flying, and a big drop could cause a ripple effect.
So... remember to take it day by day and don't divert from your plan. Staying up to date and avoiding emotional impulses will help get you through the tough crypto times.
We are approaching a big opportunity and you wouldn't want to miss out and feel regret... but temptation will test you. Stay strong frens.
๐ Today in markets
The rise is coming slowly but surely, as we hit the $46k mark on Bitcoin, and whether we continue this trend up is another story.
What we do know is, the halving is approaching and we could be in for a treat...
It seems up is the way to go, and considering we are on the brink of hitting $47k, the bullish sentiment continues.
Obviously there is still a chance we get a drop, but when isn't there a chance?
What is important to focus on now is keeping the momentum up... as we get closer to both Ethereum ETF approvals and the Bitcoin halving, there is a chance the market front runs and we see positives before it happens.
But equally it could be the opposite. A big move up and above $50k before we drop and then see a continuation after the announcements.
We know that the markets can do unpredictable and often remarkable things.
Remember, the market doesn't just go in one direction, so seeing pullbacks in this stage of the market are likely to be chances or 'buy the dip' moments. We are still in an uptrend since October, so selling here is dangerous for long term investors.
One thing is for sure though... we are certainly moving in the right direction and the bull run is getting closer every day.
As always, stick to your plan and take opportunities where you can afford.
๐ Ethereum to start bull run?
The focus has all been on Bitcoin recently, with the ETFs and the halving fast approaching.
But we have a new Sherriff in town and Ethereum could be about to explode...
Top developers of Ethereum have just announced that a new upgrade is going to take place on March 13th, which would align very closely to the ETF approvals and just before the Bitcoin halving.
The Dencun upgrade is designed to reduce costs for layer-2 transactions and data availability on Ethereum, in the blockchain's biggest changes since April 2023.
We are seeing more and more bullish news happening in the lead up to the bull run and sentiment is rising fast.
This upgrade will be geared perfectly to see more volume and lower fees which is massive considering the congestion and fees that can build up on the Ethereum blockchain.
And with the dominance we are seeing, many projects on the Ethereum chain are going to be leaders in this next bull run, so this upgrade is timely and could prove super valuable to users and projects looking to invest and expand.
๐ Whatโs next in Crypto?
We've previously spoken about layer 2's and with good reason, they are providing incredible support and value to other ecosystems.
It's hard to deny that layer 2's are picking up interest at massive rates, and with them continuously expanding, there is only more positives to users and projects.
Here's a quick run down of what layer 2's do ๐
The main aim for layer 2's is to improve and help scale other ecosystems such as Ethereum, which have issues that they cannot fix immediately.
For example: Ethereum cannot handle transactions very quickly and has high fees. This worsens when the traffic builds up, so this not only further slows down processes but it also increases fees even more too.
This is where layer 2's come into play... they take some of that pressure off of the Ethereum blockchain in this case, so that things run smoother for users and also reduce fees as a result.
So, why are we speaking about layer 2's again?
For good reason... Flooz has just added support for Layer 2 blockchains Arbitrum, Avalanche (Avax), Optimism, zkSync and Base with many more blockchains following in the coming months.
Now while this may not seem super exciting, here's the catch... Weโve also added LI.FI protocol to power cross-chain swaps on Flooz.xyz allowing you to seamlessly swap across 8+ leading chains & L2s in just a few clicks without leaving our platform!
You can literally do all the swaps you can think of on the Flooz.xyz platform at the best rates possible. This means you no longer need to buy from one platform, transfer it over to another and swap again.
You can check this out at Flooz.xyz/swap and see for yourself.
Not only do you save time and effort, but you save on fees and you get to keep everything in the same place too.
This is an incredible opportunity to make transactions and swapping with ease, and let's not forget that the Flooz wallet is non-custodial too, so everything is in your complete control.
If you want to find out more about the layer 2's and cross chain aspects, you can do so right here ๐
On top of this, we also have an AMA with Arbitrum today with $500 USDC worth of rewards up for grabs!
If you want to join, you can do so by joining the space here ๐
๐ฎ Flooz Top Picks
Here are our three crypto picks of the week: ๐
The first on our list is , which has climbed 170% in the last 7D.
LootBot is a Telegram bot that automates on-chain interactions and acts as a streamline frontend for hundreds of chains.
This is a massive positive for communities bases on Telegram and could offer many opportunities as a result.
$LOOT is currently sitting at a $12M market cap and is grabbing a lot of attention.
Our next pick on the list this week is
COTI V2 is a Privacy Centric Layer 2 on Ethereum, built with a groundbreaking privacy technology that is fast, secure, and can run on any device.
In the last 7D, $COTI has seen an 84% climb, which for a token with a market cap of around $150M, this is a big move.
Our last pick of the week is
With a 35% climb in the last 7D, and with a $27M market cap, this token is certainly moving up the ranks.
Dejitaru Tsuka is a meme coin looking to add utlity and build a thriving ecosystem. It has previously seen big rises and gained a lot of attention. Are we about to see another move up from $TSUKA?
