Bitcoin has been the talking point for the last few weeks, but as it is slowing down, are we about to see a surge on altcoins?
Flooz
5 min read โข Mar 15, 2024
๐ฅ Altcoins to explode?
Todayโs issue โคต๏ธ
1. ๐ Today in markets
2. ๐ฅ Altcoins to explode?
3. ๐ย Whatโs next in Crypto?
4. ๐ฎ Flooz Top Picks
โ Plan of action
We've seen a constant move up for crypto in the last few months, with a new all-time high hit this month.
Now the question for many is...
Are we going to go higher and make more profits?
In short, it is expected, but that doesn't mean it's a guarantee. While there is a load of money and interest being pumped into the markets, we can never truly know what the next move is, but as many would assume... We are likely to keep moving higher, just the timeframe is difficult to judge.
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This is why taking profits is the most important thing you can do.
Why?
Because we never know when the market will drop. And likewise with it going higher. The only difference here is, if we drop, and you don't take profits, then you double lose. Whereas if you secure some profits and we keep moving up, you only lose out on more profits instead of losing completely.
Now... this isn't us advising to take profits, as this will be different for everyone.
We are simply adding awareness to the fact that if you never take profits, you will likely lose at some point. Until you actually sell, you are not in profit, it is just a number on a screen that says you are in profit. So, make sure you have a plan and try to take profits where you feel necessary, and if we keep moving up... great! If not, it is an opportunity to potentially buy more.
Now.. let's see what the markets decide next and let this bull run keep moving!
๐ Today in markets
The markets have seen a pullback recently after we saw a new all-time high surge to $73k.
But will the fort hold... or are we about to see a bigger drop? For now, the bulls seem to be losing the fight with us seeing a drop to around $65k on Bitcoin, which is around a 10% drop from our $73k mark, and although things may look bad, drops are part of the game unfortunately. Now the question is... what will happen next?
Let's find out what others in the space are saying about it ๐
Didn't get that push higher and instead it looks like this is the drop we've been looking for playing out now.
Note that this recent drop has wiped most of our built up OI- but we still have a bit more room to go before hitting the "baseline" so we could go lower to the greenโฆ https://t.co/KSoPGIqGiLpic.twitter.com/GDF4PydxqJ
It appears we could be in for a drop lower before we see new highs again, but if we do drop, we are expected to hold the $60k area still. And while no one likes to see a drop in price, these pullbacks are healthy for a continuation upwards. After all, we can't just keep going up forever, right?
The best thing to do now is not panic, stick to your plan and let's see where the market leads us next during this bull run.
๐ฅ Altcoins to explode?
Bitcoin has been on everyone's mind recently, and for good reason.
However, it seems altcoins want a slice of the cake. We already know that altcoins and memecoins takeover at some point during a bull run, and while we have only just begun, it seems they are not waiting around. In fact, we have seen altcoins perform very well over the last few weeks. But it is important to also remember that patience is a virtue and not all altcoins will pump together.
And while it can be frustrating, the bull run is often longer than many anticipate, with this one expected to continue into 2025. The fact that altcoins have already been performing well, while Bitcoin has been hiting new all-time highs is a great sign, and we could be in for an even more explosive move if the markets align.
If you are not too sure what type of altcoins to be investing in, then we have you covered, as there are 3 main areas that attracting attention currently...
3.MemecoinsThese are gaining massive traction so far and are expected to gain even more as we continue through the bull run.
The AI narrative makes sense as it is ever evolving and is changing the world in many ways every day. As for gaming, it is an industry that is also expanding and the crypto world offers more incentives for gamers to play and earn rewards too.
Who doesn't want to get paid for gaming, right?
And finally, memecoins... They need no introduction and as the bull market gets stronger, the interest in memecoins will only continue to increase as many know this is where life changing money can be made if you choose correctly.
So, as we progress through these exciting times, make sure you do your research to be best prepared and let's enjoy this run together.
๐ Whatโs next in Crypto?
We have been seeing many trends over the last few months, including memecoins, AI, RWA and more.
But it seems we have another new player entering the game. And yes that was ironic...
It is gaming, and for good reason too. Not only is gaming one of the biggest and fastest growing industries in the world, the blockchain and crypto offers a far deeper reward system than ever before. And if we pair gamers and earning together, it leads to an explosive outcome. Knowing this, the gaming sector is growing rapidly within the crypto world, with many projects gearing up.
So to make sure you don't miss out, we've added three gaming projects that could have a fantastic bull run ๐
1. - One of biggest and fastest growing gaming platforms with a market cap of $175M.
2. - Gamers share their GPU power for AI & mining with over 770k users currently sharing and a market cap of $135M.
3. - The biggest game creation platform on the blockchain, who are also venturing into entertainment as a whole, including music. Currently has a market cap of $2.1B.
๐ฎ Flooz Top Picks
Here are our three crypto picks of the week ๐
The first on our list is
Dimitra launched a digital token to accelerate achieving our mission, enriching the lives of small to medium-size farmers everywhere, and to grow economies around the world.
Token holders allow for this ecosystem to become stronger too, and with farming being a necessity for the world and highly in demand, this is certainly one to watch out for.
$DMTR has seen a climb of 180% in the last 7D and is only sitting at a $77M market cap.
Next up on the list, we have
Propy leverage AI and blockchain technology for smooth and secure transactions for the real estate industry. With over $4 billion in transactions so far in the USA, they are growing fast. Currently $PRO has a market cap of $55M and has risen by 70% in the last 24H.
Our last pick of the week is
Unbound Finance allow you to maximize your DeFi Earnings
and also borrow Interest-Free UND Loans on Uniswap V3 and Liquidity Pool Tokens.
As a lender, $UNB have been expanding fast and are set for more announcements in the near future, making this one to watch.
With a market cap of just $3M and a price climb of 140% in the last 7D, this could see a healthy climb in the bull run if they continuing growing.
Market News
๐ธ Memecoins to dominate?
In a Bitcoin and Ethereum dominated world, it seems that we have another contender looking to take the reigns... And yes, we are talking about memecoins.
