❓ KuCoin causing carnage

❓ KuCoin causing carnage

Today’s agenda points ⤵️

🔥 Are we heating up?

Slowly but surely, the markets are pushing up and we are entering a euphoric era as we approach the Bitcoin halving.

But this does have its issues... and some investors may struggle as we push further into the bull run.

These issues however, are good issues to have.

Including profit taking which gets harder and harder as we go higher in numbers.

Why?

Because the emotion gets more intense and selling could mean you miss out on more profits, which is why many miss the top and sell too late, or they hold into the bear market.

This is why having a plan, whether that is related to price or profit margins is important.

Imagine this scenario - You hold a token, it does a 5x and you hold waiting for more, but then it drops, and keeps dropping and you hold waiting for it to return to that price but it never does...

Guess what? We are now into the bear market again and you are holding with massive regret...

So, when it comes to the bull market, you still need an idea as to what actions you will take, therefore you don't end up marrying your bags and making no profit.

That's why we are here to help navigate you through the bull run, so stick around and we'll do our best as these green candles go to the moon!

📊 Today in markets

The market has been hovering in the same area for the last week, with Bitcoin hovering $70k...

But is this preparing for the next leg up, or will we see some carnage first?

Let's jump int

o the market juice 👇

Bitcoin closed in the green side today although we need more healthy bullish candles to call it bullish and a move above $72,500 with strength is needed for it to flip.

However, a reversal signal from here will pull it towards the $60,000 support target, which on paper may seem bad, but these corrections are healthy for a continuation upwards to all new-time highs.

And with the Bitcoin halving happening in less than 30 days, we may be about to see some major volatility in both directions, so be patient with the markets over the next few weeks as it will likely cause emotions to go wild.

The good news is that we are still in an uptrend and this bullish momentum is expected to continue and eventually move towards the $80k area and above.

But as always, nothing is guaranteed, so be cautious and let's continue to ride this wave together.

❓ KuCoin causing carnage

The year has started super strong for the crypto markets, with positive news and events spreading.

But a recent piece of news has caused some market backlash...

The US government have again decided to go after crypto, but this time it is tier 1 exchange KuCoin and two of their founders, in which they have been indicted.

So, what does this mean?

Well... right now, it doesn't mean too much, but it certainly did have an impact on the market, especially for altcoins that were exclusive listings on KuCoin, as they are nicknamed the "Gem exchange"

Some of these tokens fell by up to 40% after the announcement, with investors panicking that we could get a repeat of the FTX scandal and quickly began to withdraw their holdings on the exchange.

Which is understandable.

But since this announcement, KuCoin and their team have been super positive about the situation and have even offered a combined $10M worth of airdrops to users of the exchange as a thank you for supporting them during this rough time.

Now if that isn't a way to bounce back, we don't know what is... kudos to KuCoin!

Currently it is a waiting game to see what happens next, but it is not likely to be anytime soon. However, this is massive FUD just before the Bitcoin halving... Could we see our next leg up after and reach for that $80k mark?

Only time will tell, frens!

👀 What’s next in Crypto?

We keep seeing different narratives taking over the markets, but there is one that stays relevant every time.

The almighty memecoins...

And now you might be thinking, "You have already covered memecoins before"

And the answer to that is yes.

So why are we mentioning it?

Because there is an evident trend on memecoins on every single bounce of the markets.

Let us explain...

Whenever there is a dip or correction, memecoins get hit hard, but guess what?

They also bounce back the hardest.

Do you know why?

Because you don't need to understand memecoins to invest, it is a hype train, people will simply invest for no reason.

AND... they have proven to make many people rich, so any new investors will instantly dump their money into these hoping for a quick buck.

We are seeing the biggest if memecoins seeing huge gains this year and it's not going to stop anytime soon.

Even $FLOKI that was a top 100 token before it's recent move higher, has seen a 350% rise in the last 30D... that means it moved from around $700M market cap, to its current $2.5B market cap.

Incredible...

So if you are not looking at memecoins during this bull run, you may miss out and feel FOMO when prices are likely much higher.

Remember, they may be memes, but they attract a lot of attention and have HUGE community support, and we already know that these alone can propel a project to the moon, as seen with many memecoins before.

But as always, be careful when investing, do your own research and only invest what you can afford to lose.

🔮 Flooz Top Picks

Here are our three crypto picks of the week 👇

📈 First up on our list is $UBXS

The UBXS utility token created by Bixos aims to connect the physical and virtual worlds through innovative applications of blockchain technology. Real estate has a market cap of over $100 trillion and presents a massive opportunity.

$UBXS can be found on the BSC chain and has a market cap of just $31M and has seen a rise of 400% in the last 14D.

📈 For our next pick, we have $CRTS

Cratos is a V2E (Vote To Earn) cryptocurrency designed to facilitate user participation in the mobile app, a real-time live vote platform.

Currently $CRTS has a market cap of $65M and has seen a price increase of over 350% in the last 30D. This is an ETH chain token.

📈 The last pick of the week is $STRX

StrikeX is a blockchain-powered hybrid ecosystem of interoperable CeFi & DeFi solutions, harnessing tokenization technologies for the next generation of financial markets.

With a market cap of $75M and a rise of 98% in the last 7D, $STRX which can be found on the BSC chain, could be a project to watch as we venture further into the bull run.