๐ Fortune Finds with Flooz
Todayโs agenda points โคต๏ธ
๐ Altcoin Market outlook
๐ Flooz Fortune Finds
๐ Potential airdrops
Bitcoin is always the area of interest within the markets, with altcoins relegated to second place, but we know the true value of altcoins and how important they are...
This is why we are focusing entirely on altcoins on each edition of Fortune Finds with Flooz, as that is where the true money is made, and we want to help you navigate your way to investing into your future.
But we are not done there... we also want to give you some options with each edition to consider, as well as exclusive airdrop opportunities each week too!
So, enough of our baffling, let's jump into the juicy stuff๐
๐ Altcoin Market Outlook
Altcoins have been tanking over the past week, with Bitcoin also struggling.
But are we about to see some green recovery candles?
As you can see, the Altcoin chart above (OTHERS, that's still what they call it these days), shows the total altcoin market cap excluding the top 10, and it is retesting support. We are currently around 17% away from highs we saw recently which you can see above, and we are also just hovering above the support line too, which if we can hold in the short term, it could be bullish.
With the markets looking a little stronger, we could see a push higher and potentially see the altcoins take some market dominance away from Bitcoin, but for it to do that, we would need Bitcoin to consolidate at around its current level or perhaps slightly lower first.
Although, the higher likelihood would be after a bigger push up first, which we could see in the coming month with the Bitcoin halving approaching fast. Currently, alts are following Bitcoin but are seeing much deeper corrections when it falls. However, they are also recovering super fast, which indicates a lot of strength too.
As much as an alt season would be great, it seems the market isn't quite ready for it just yet and we would need to see an all-time high again on Bitcoin before we see any chance of that happening. And with the Bitcoin halving happening in less than 20 days, we are likely to see that dominate more of the market first and altcoins may suffer for a little longer.
The goods news is, there is significant strength here still and as long as the markets continue to recover and push to new highs, we could see an altcoin rotation at some point this year depending on a few factors.
It is certainly still a good time to find entries into altcoins as the bull run is only just starting and many alts are still lacking behind the Bitcoin movement.
As always, have a plan and let's smash through this bull run in style!
๐ Flooz Fortune Finds
This is where we deep dive into three promising crypto projects once a week that could potentially have a break through into this current bull cycle.
๐ฎ First up on the list is
Opulous is a project that is involved in the $28 billion music industry and is currently looking to transform earnings for artists getting involved.
So, why is this a game changer?
Firstly, music artists get very little share of stream revenue from their music, in fact, it is so low that most top artists don't even pay attention... which is a big issue for the industry.
The creator economy is booming day by day, and music is an area that has super untapped potential, especially for the blockchain, and this is where $OPUL comes into play as they can revolutionise this for artists and it could lead to major interest.
Plus, this is not just for artists, it also helps record labels and $OPUL holders too, making it a multi-use case project, helping the entire industry with their ecosystem.
Oh... did we forget to mention that this is a Real World Asset (RWA) and they use AI too.
Only two of the biggest trends in the crypto scene right now... which makes this even more bullish.
Now let's move onto the tokenomics and value ๐
Market cap: $75M
Total supply: 500M
Circulating supply: 283.6M
Price: $0.26
Now while only half of the total supply is on the market, this isn't actually a bad sign as most projects on the market have less than 50% of their total supply in circulation including top projects such as Arbitrum with 26%, Filecoin with around 35% and Aptos with 39%.
As for the market cap, being under $100M means there is a lot of room to climb, with $OPUL being just outside of the top 500 as it stands.
What's $OPUL been up to recently?
Over the past month, Opulous has launched a brand new website, allowing more up to date features and more. They've also added more bridges to their vault, with BNB being the latest addition, making it easier for users to grab hold and swap $OPUL tokens.
In terms of major artists, they have also partnered with superstar Tyga too, which illustrates just how much potential this project has. And a cherry on the top, last week, $OPUL was in the top 30 trending on CoinGecko for ALL tokens, which is super impressive and shows the demand for the project.
Targets for the future?
We have already seen $OPUL picking up traction and with them continuously developing, we could see them having a fantastic future and a super exciting bull run. With this in mind, here is what we think $OPUL could hit as a realistic target ๐
Price prediction: 10-15x with a price of around $3,00 being a real possibility (all-time high is $7.58).
Overall, this project is entering a massive market and has the tools to provide, including AI, and with incredible interest in the them already and even major artists onboard, we could see this fly even more with Blackrock also interested in Music RWAs.
This is a fairly safe option moving into the bull run and it is likely to be added to many watchlists along the way.
Project rating: 8/10
๐ฎ Next up on our selection is
DAPPX is the most convenient platform to access AAA games that allows you to earn too. They combine gaming with rewards while also offering AI to assist. Leveraging the competitive gaming industry, DAPPX brings 24/7 esports reward payments into the mainstream for gamers and developers.
This means that sales are no longer a main focus for developers, they are simply rewarded by gamers, well... playing the game, and often with commission after every match played, depending on game type.
This project offers more than just gaming and rewards, they are looking to become the go to platform by combining gaming, social media and entertainment... and with the introduction of AI, they are setting up for a bright future.
Tokenomics and value? ๐
Market cap: $11M
Total supply: 1.5B
Circulating supply: 546M
Price: $0.019
The price and market cap are super positive for this project, with a lot of room for growth. A market cap of only $11M is low in comparison to many competing projects such as $VRA which has nearly 10x the market cap.
In terms of negatives, the only thing here is the circulating supply which is at around 30% but even if all of these tokens were put into circulation, the fully diluted value of $DAPPX would still only be $33M which is a remarkably low value still, considering what they are building here.
What's the latest with $DAPPX?
Over the past few months, $DAPPX have been continuously building and most recently introduced AI to their platform which focuses on generated content such as videos, text and music to support social media growth for users. With social media and the creator economy growing bigger by the day, this could be a game changer for users, especially in an ever-competitive environment. Plus with AI continuing to trend, the timing for the introduction could not have been any better.
Where is $DAPPX heading next?
Realistically, this is a project that is still building in it's infancy, meaning there is a lot more to come in the future and with the added element of AI to assist with generated content, that could be a complete game changer for the project.
Price prediction: 15-25x is a realistic target for $DAPPX as we head into the bull run (All-time high is $1.49, over 100x away from current price).
The project as a whole is solid, with constant developments and entering two massive markets with gaming and AI, this could be one to watch in the future. Although this is a riskier project to invest in due to it's infancy and low market cap, it should see a nice run up in the bull run either way due to the quality of its ecosystem with over $270k rewarded to users already.
Project rating: 7/10
๐ฎ Our final pick this week is
Telcoin creates low-cost, high-quality financial products for every mobile phone user in the world.
Telcoinโs initial consumer-facing product, Telcoin Remittances, focuses on high-speed, low-cost digital money transfers to mobile money platforms and e-wallets worldwide. Banking is not an option for many people around the world and $TEL solves this issue to allow for money transfers and more.
With more than 5.2 billion active subscribers globally, telecoms have the largest captive audience of retail users that are either already using or are prepared to use other financial apps to further aid their daily lives.
This opens up an extremely lucrative market for $TEL to attack and offer solutions to those in need, but also those who want to expand by leveraging their technology with the blockchain. As well as providing remittances, Telcoin also have their own app and wallet, which allows users to hold assets and trade, adding further use cases for $TEL.
Tokenomics breakdown ๐
Market cap: 324M
Total supply: 100B
Circulating supply: 87B
Price: $0.0037
With 87% of its total supply already in circulation, this is a huge positive for the project and investors. On top of this, $TEL has a global presence and currently has around 50k holders, illustrating the support it has in the crypto world.
As for its market cap, even though $324M puts it in the top 250, this is a massive project, dealing with one of the biggest markets in the world, and during the bull run, this could see a much bigger move up as seen in previous cycles.
What's the latest for $TEL?
Telcoin are always pushing their global presence and expanding where possible, and just last month they attended the Mobile World Congress 2024, allowing them to showcase developments and releases throughout the year.
Digital cash is also on its way to the Telcoin app, which will be one of the biggest releases in Telcoin history, allowing users to use fiat currency equivalents in their daily life, which is still an area of improvement across the crypto board.
Targets for $TEL?
This is a project that has been in the game for a long time, with $TEL launching in 2017, it has seen multiple bull runs already and has developed a big investor base. As a global company, Telcoin continues to grow and develop new additions to their ecosystem and it could be set for another great bull run.
Price prediction: 10-20X is a possibility for $TEL, with its previous all-time high being $0.0649, which is around 17x away from the current price.
If you're looking for a safer option to invest in this bull run, with their longevity in the game and as a global and operational company, $TEL should be one of the projects to shine as we continue to move into this bull run.
Project rating: 7/10
๐ Potential airdrops
Here are 3 potential airdrops that could provide great opportunities leading into the bull run, let's unpack the requirements together to get you in early ๐
๐ช The first potential airdrop is Elixir
Here are the steps required to be eligible for this airdrop:
Sign up for Elixir's Points Program - Click here to sign up
Connect your Ethereum wallet.
Complete the steps to verify that you followed Elixir's Twitter and joined their Discord to earn bonus welcome points.
BONUS: Share your referral code for bonus points.
BONUS: Mint elxETH - Deposit at least $100 in ETH to Elixir to unlock a Mystic Chest.
BONUS: Deposit at least $100 in USDC to any Elixir-powered exchange product to accrue potions. Native integrations will allow for withdrawals prior to Elixir's August 15th mainnet, that means you have less than 10 days to get started!
๐ช The next potential airdrop is Tensorplex
Here are the steps required to be eligible for this airdrop:
Purchase stTAO - You can buy it here
BONUS: Stake wTAO for stTAO (wTAO would need to be purchased prior) - Connect your wallet here
๐ช The final potential airdrop is Avantis
Here are the steps required to be eligible for this airdrop:
Trade on Avantis - Here is the link
Click "Login," connect your wallet to Avantis, and sign the message
Select the asset you want to trade by clicking the ticker below the Avantis logo in the left corner and searching through available crypto, forex, and commodity markets
Select whether you want to go long or short
Set your order type
Input the amount of collateral you want to provide for the trade
Select the amount of leverage you want to use
Click "Place Order" and confirm the transaction
Did we miss something great? Let us know.