📉 Bitcoin dump stopped?
Today’s issue ⤵️
1. 📊 Today in markets
2. 📉 Bitcoin dump stopped?
3. 👀 What’s next in Crypto?
4. 🔮 Flooz Top Picks
🚀 Flooz Exclusive Data Bytes
Render Token is the leading provider of decentralized GPU based rendering solutions, revolutionizing the digital creation process.
PEPE leads the way for the most popular frog on the blockchain. Combining frogs and memes seems the way.
SheikhaGrokis a crypto meme token destined to reshape decentralized finance with its enchanting narrative and the thrilling dynamics of the crypto world.
❓ Road to Bull
The year of the bull is exciting, but it won't be easy and we are in for a few near miss moments before we see the highs.
We are starting to see a big influx of money being injected into the markets... and the ETFs have most definitely had an impact on that.
But that doesn't mean it's all smooth sailing... In fact, we might even see more volatility especially with it offering a new market for some investors. We are certainly seeing that right now, the last few days has been a sea of red and it's causing some concern.
Is it time to panic?
This is simply part of the cycle. We see green and most investors are happy and then we see red and people panic. This is psychology 101, or as the investing worlds likes to call it... FOMO.
What we do know - the market has been in an uptrend since late last year and this still seems the case. Every market needs a drop after a big climb, just look at the last bull run...
We saw Bitcoin rise to around $63k before a sharp drop to the low $30k area and then came the all-time high of $69k.
Now is the time to be strategic, because there will be more tests and emotions will take over. Plus with major events coming up, including the Bitcoin halving and Ethereum ETF approvals, the markets games are far from done.
We have entered survival mode, so make sure to have a plan and stay up to date.
📊 Today in markets
January has been a complete rollercoaster so far. We've seen a climb into ETF announcement followed by a drop and now we seem to be getting a reverse. We've even seen a drop below $40k recently, which was struggling to get above until now.
But, there seems to be good reason...
We've been in an uptrend for a few months now, and with the extra push that the ETF approvals gave, this recent drop isn't completely surprising.
But it seems we've managed to push up and grabbed the $42k area, which is positive and perhaps that's the drive to go higher. Although nothing is guaranteed, so be vigilant here. The bull market is getting closer, so long term investors may opt to simply sit on their assets and ride the waves.
If the uptrend continues, then these dips will be seen as massive buying opportunities when we finally get to the $50k and above mark. FOMO is likely to keep hitting hard before new all-time highs, so it's a game of emotional control and a plan.
The twists and turns continue within the markets and it's certainly not over with just yet.
📉 Bitcoin dump stopped?
The ups and downs recently have been volatile, where there was a climb, there was a drop. However, it seems that cycle turned to dumping only.
There is good news though.
It doesn't seem to be a completely random drop, more so a coordinated move which may or may not have something to do with a few names we've heard before...
Firstly, we have FTX selling their Bitcoin that was held with Grayscale (GBTC) which has had an impact on price due to selling pressure, and this may not be completely over just yet.
However, there is so positive news from this. Bitcoin buying pressure came in too to soften the blow, with BlackRock and Fidelity being the biggest buyers.
With outflows looking better and with the selling from FTX calming down, we could be looking at a market climb in the near future.
It seems the ETFs have done so good already. But whether that maintains is still to be seen, all we do know is that a bull run is approaching, so any help in pushing it to there is more than welcomed.
👀 What’s next in Crypto?
Ever heard of Real World Assets (RWAs)?
We're sure hoping you have, as they have been the talk of the town over the past year.
But here's the thing...
They are so much bigger than many are anticipating and are the bridge between the real world and the blockchain. You can bring almost anything onto the blockchain through them and stable coins are a good example.
Real estate is one area that is also picking up traction too, with tokens such as RIOwhich has seen a massive rise over the last year, going from around $0.06 to hitting a high of $0.80.
It is no surprise that as more trust builds and people realise that this will cut costs and time, the blockchain will become more popular and the go-to option for many other real world assets.
Another example is CTC which is allowing the option to facilitate the assessment of credit risk and confidence in fintech lending opportunities in unbanked countries.
This may not sound very big, but over 1 billion people are unbanked around the world, and banks aren't exactly popular right now...
In addition to music and other popular realms of assets, these either are or will eventually use the benefits the blockchain as it solves so many issues, and gets rid of the middleman in almost every aspect.
Simplicity, accessibility, less time, reduced costs and added trust. Who wouldn't want to be a part of that instead of the prolonged process of current asset buying, selling and transferring.
Although RWAs are seeing movement and are certainly not new, they are still in a super early stage of development and accessibility. They are an area we will be continually looking at, as opportunities will arise and they will be a top asset class on the blockchain in the future.
🔮 Flooz Top Picks
Here are our three crypto picks of the week: 👇
First up we have OM, which has seen a rise of 44% in the last 7D.
MANTRA is a first of its kind, vertically-integrated and regulatory compliant blockchain ecosystem. The OMniverse includes: Finance, DAO and Chain.
They are looking to provide the three pronged approach to blockchain usability and with the market cap sitting at just under $80M, plus nearly 90% of the total supply in circulation...
$OM may just be a project to keep an eye on, as they are certainly not slowing down and provide great utility with awesome tokenomics.
Our second pick on the list this week is ZIG.
ZIG DAO uses AI to hand-pick only the top traders that beat inflation and traditional markets, while rewarding users with profit shares.
With a climb of 20% in the last 7D, and a market cap of $58M, ZIG seems to be catching some eyes of eager investors and traders.
Is AI trading back on the cards? We'll find out soon enough.
Our last pick of the week is LAI.
LayerAI is the dedicated Blockchain network for data monetization within AI Models.
On top of this, LAI only has a current marketcap of $3M, which is super low, especially for a project involving AI which is only going to grow.
This will certainly be on our watchlist, as data monetization is a huge opportunity and with the combination of AI, this is an exciting project.