๐Ÿšจ Altcoin sell off incoming?

Just as the markets are looking better, we may have another stir in the pot about to hit.

Flooz

5 min read โ€ข Feb 3, 2024


๐Ÿšจ Altcoin sell off incoming?

Todayโ€™s issue โคต๏ธ

1. ๐Ÿ“Š Today in markets

2. ๐Ÿšจ Altcoin sell off incoming?

3. ๐Ÿ‘€ย Whatโ€™s next in Crypto?

4. ๐Ÿ”ฎ Flooz Top Picks

๐Ÿš€ย 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 LITT Token in the last 24h.ย 

LITT top whales

CZPW is providing a fairer and more convenient agreement for everyone.

Matrix Chain The Worldโ€™s Leading Decentralized Finance Platform.

Taproot is token on the BSC chain that launched 24 hours ago.

โ“ Fighting the urge

There is a feeling that every investor experiences at one point, and it isn't fun.

We put our hard earned money into investments and expect them to go up, but whe nwe see that dreaded red percentage drop, our heart stops.

"Have I made a mistake?"

"Should I sell?"

A million questions shoot through our heads. And it drives you insane, with the idea you may have just made a bad decision.

But here's the thing, this happens to everyone.

We are in a moment that we cannot control and to make it worse, most people invest even if they can't afford it, sadly.

So, the stakes are higher than ever for most investors.

However, as painful as this may be, it seems we are finally starting to see some traction in the markets, and $40k BTC is getting us hyped, especially since we saw $16k not too long ago.

So, how do we fight the urge?

The simple answer is... you don't.

But what you can do is make sure your investments are backed by research and that you have a plan.

Eliminating your emotion is almost impossible, so instead we focus on what we can change, and that is the information we consume and our understanding and trust of decisions we make.

As we get closer to that bull run, it is more important than ever that we know what our plan is.

So if you are still not sure, take some time, figure it out and be ready for the mighty bull to arrive.

It's been a painful ride, but we are slowly getting there, now is not the time to give up, but instead to position yourself to win.

๐Ÿ“Š Today in markets

We are just itching to move closer to the bull run we all want, and we are definitely in an uptrend looking for the next leg up.

The markets have been teasing us recently with the bears and the bulls hanging on.

But, there may be some complications along the way.

Firstly, we seem to be sitting comfortably within the $40k region currently, which is great. And we could even see a move up in the short term.

However... to think we are going to go straight up into the $50k area and beyond without any complications is unlikely.

This road will certainly not be easy, and the bumps along the way have already begun and will continue to cause chaos.

So, what is going on in the markets? ๐Ÿ‘‡

As stated before, it seems like we are in for a bumpy ride up until the bull run, whenever that decides to start.

The short term is simply opportunities for investors to keep preparing, because once we eventually hit those comfortable $50k areas, it is unlikely we see this current price again until after a new all-time high.

But with many more narratives coming up, including the Ethereum ETFs and the Bitcoin halving... time is running out to be prepared.

Are your bags big enough for the awakening of the bull?

๐Ÿšจ Altcoin sell off incoming?

The markets are looking better, and we could be on our way up to the $50k mark sooner than we think.

However, we could be about to see some altcoin sell offs this month...

We know what you're thinking, the bears are coming for us again.

But don't worry frens, there is no need for a panic just yet as there is a good reason, and it won't be all altcoins that are impacted either.

Let us explain...

February marks the month of vesting unlocks. In short, this means that tokens that are being held from initial token/project launches can now be unlocked and sold.

That means these altcoins are likely to be sold off, sadly.

So... SELL BEFORE IT'S TOO LATE!

Only kidding, don't panic, this happens all the time. This month though, we are expecting to see around $900M worth of unlocks.

Yeah... these numbers certainly are not a joke.

The biggest tokens unlocking this month include:

These tokens may take a hit but this isn't any different to other token unlocks.

Who knows... it may not even impact the price. After all, there is no guarantee the unlocked tokens will all be sold.

Would now be a good time for the power of HODL?

Who knows...

However, what we do know is that staying up to date, being prepared and doing your research matters.

If you want to see the rest of the tokens being unlocked this month you can check it out here

Remember, we are likely to see some set backs before we see those beautiful green candles of dreams flying everywhere, and this may even be an opportunity to buy some dips if so.

Stay vigilant people, and try not to let those emotional urges take over... The bull run is approaching.

๐Ÿ‘€ Whatโ€™s next in Crypto?

Airdrops are being looted all over the place and we are only in February...

The most recent one was Jupiter, which was one of the biggest airdrops EVER.

But as we have mentioned previously, there are plenty more on the way.

SO BUCKLE UP FRENS!

Because you have the chance to pick up some potential freebies and make some monayyyyyy.

But before we show you what airdrops to be looking at...

You need to promise us you won't click it just yet.

Why?

Because then you'd click off before seeing the alpha in the final section below.

So let's strike a deal...

You scroll down and check out the Flooz Top Picks and if nothing tickles your fancy, we can move on and you can come back here and click the link?

Deal? Awesome!

Here's the alpha you're looking for, all in one tweet to enjoy ๐Ÿ‘‡ (After you've scrolled to the next section though, don't forget).

๐Ÿ”ฎ Flooz Top Picks

Here are our three crypto picks of the week: ๐Ÿ‘‡

The first of our picks is , which has seen a 10% climb in the last 7D and is only sitting at an $18M market cap which considerably low for a building project.

LitLab Games generates sustainable environments and new monetization models through $LITT adoption, providing blockchain tools with a full web 2.0 experience.

Gaming as a narrative is big and is continuously growing, so this may be worth a look at.

Our second pick on the list this week is

Magpie is used to enhance LP yield, gov token profitability and capital efficiency with a TVL of over $300M.

In the last 14D, $MGP has seen a 61% price increase, and has a market cap of around $31M currently.

Our last pick of the week is

White Rhinoceros blends the worlds of MEME and payment tokens. Uniting innovation and utility, $WHRH aims to redefine digital transactions and community engagement.

With a 110% climb in the last 7D, and 54% of that coming in the last 24H, it seems this token is taking the bull by the horns... or the rhino in this case.

This is definitely one to add to the watchlist if you like memecoins, as it's also adding the utility component too.

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