๐Ÿ‚ Bulls are ready to charge!

Bitcoin and the crypto markets continue to rise and stay above that all important $50k mark, but will $60k be next or are we due a drop?

Flooz

6 min read โ€ข Feb 16, 2024


๐Ÿ‚ Bulls are ready to charge!

Todayโ€™s issue โคต๏ธ

1. ๐Ÿ“Š Today in markets

2. ๐Ÿ‚ Bulls are ready to charge!

3. ๐Ÿ‘€ย Whatโ€™s next in Crypto?

4. ๐Ÿ”ฎ Flooz Top Picks

๐Ÿš€ย Flooz Exclusive Data Bytesย 

Hereโ€™s the top 3 tokens we've picked out from the top 500 holders of Connext token, and checking what other tokens they hold, across all supported networks.

Here are the 3 picks after looking through them all:

  1. $FIRE MATR1X is a next-gen web3 entertainment platform with creator DAOs presenting a future cyberpunk world through high-quality multi-episode games.

  2. $ANTT AntDAO Token is 48 days old with a market cap of $23M.

  3. $MMT is the first-ever blockchain-based music platform to adopt cryptocurrencies and a traditional business model.

What are $Connext whales up to?

โ“ More green to come?

The markets have definitely been woken up and they are rising, but this territory can also be dangerous to many involved.

Now, this isn't to scare anyone and we've seen this before, most recently in 2021. The markets seem to be going up and up and up and then suddenly fall and everyone panics.

Can this happen again?

Yes... 100% it can, but that doesn't mean it will. The point of this is to make you aware. Just because things are looking great right now, it could easily turn the opposite way too.

The importance of being aware in these market conditions is sky high because many will likely FOMO into it and while that doesn't seem too bad currently, we never know what the market will do next.

By being aware, we are prepared for both circumstances. If we see a fall, it is an opportunity to further invest. If it continues to rise, we see more profits.

What we don't want to see is people buy high and sell low because they panicked. So as usual, make sure you are keeping up to date with the markets and don't move away from your plan.

We know the bull is waking up โฌ†๏ธ we just don't know when the horns will show. So buckle up as this ride could be bumpy before we see pure green candles.

๐Ÿ“Š Today in markets

We have seen the $50k mark hit, but Bitcoin seems to want even more.

Will we see $60k next, or are we about to see a drop?

The markets have been very generous in the last week, and that movement above $50k was the icing on the cake.

But, will we stay here or are we going to see a dip back down first?

Let's find out what others have to say ๐Ÿ‘‡

So it seems like we could be gearing towards a move up to and above the $60k area, which is incredible, but there are some obstacles that need to be overcome first...

One of them being maintaining above $53k on the weekly close.

Is it possible? Yes.

But it won't be an easy ride, and it doesn't mean we'll see a ride up to $60k+ if this does happen. We know the markets can do weird and wonderful things, so we'll just have to wait and see.

What is a positive though... is we are seeming to hold the $50k area so far and the markets seem strong. Although we also know that it could change in an instance.

The next few days will be interesting, and if we can get a small push higher, we could be in for an exciting run. But remember, a dip is also a possibility too, so manage emotions accordingly.

Hold tight frens, the journey is still on going but the destination is getting closer. Now is the time to hold on and be patient.

๐Ÿ‚ Bulls are ready to charge!

Are you ready to charge? Because it certainly looks like the markets are preparing for more.

The last two weeks have been incredible for crypto investors, especially Bitcoin holders. We have seen a climb of over 20%, which is insane and it might not be done just yet either...

Bull markets are sometimes tough to manage because of the volatility of the crypto world, as seen with the last one, we saw a HUGE climb up to around $63k before a brutal drop to $30k before finally moving back up to an all time high of just below $70k.

This caught out many investors who either ended up buying higher or missing out completely, thinking the markets could drop more and that the bull run was over.

So... is this any different?

The short answer is, we don't know. No one does. But things do look great right now especially with Bitcoin reclaiming the $1 trillion market cap.

On top of this, the ETF buying volumes on Bitcoin have been incredible, with more in flows in just 4 days than the entire first 4 weeks after release combined!

Yes... you read that correctly.

The Bitcoin ETFs are bringing in some incredible investment and are attracting a lot of attention.

Whether this climbs continues or not, there is certainly positive vibes around the markets right now, so make sure to have a plan, as you won't want to miss the ride up to a new all time high, whenever that might be...

๐Ÿ‘€ Whatโ€™s next in Crypto?

Last year we saw AI taking over the world. And that includes the crypto world... But it seems they are coming back to loot again.

The AI era is never going to end, it's why we are still talking about it now and why you should already be aware and keeping a close eye on it too. However, the trend currently is AI agents, and if you are not sure what this is, it's essentially bots.

But not just any old bots, oh no... these bots are playing a vital role in the many Web3 ecosystems and are likely to be the next shiny object everyone is looking at.

In short, they are software entities (bots) capable of performing tasks or services for an individual or a system autonomously, based on data received, interactions, or a set of rules designed to follow.

And with AI being a narrative around the world already and gaining more traction by the day, it is safe to say that AI is going be around during the bull run too.

Here are some AI tokens to keep an eye on: ๐Ÿ‘‡

  1. - Autonolas currently has a market cap of $230M and sits at around $5.90.

  2. - Fetch.ai is one of the top ranking AI tokens and has a market cap of $750M.

  3. - IQ has a market cap of $94M and has over 80% of its supply in circulation.

  4. - Artifical Liquid Intelligence sits at an impressive $85M market cap with a price of $0.02 currently.

  5. - Zignaly has a market cap of $83M and has seen an increase of 30% in the last 7D.

๐Ÿ”ฎ Flooz Top Picks

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

The first on our list is , which has seen a 53% climb in the last 14D.

Connext label themselves as "The HTTP of Web3" in which they build Web3 applications that can securely interact with users, tokens, and other applications on any chain - just like on the web.

The crossover of Web2 and Web3 is still confusing for many, and solutions like this can help onboard interest, which makes it a unique project and one to keep an eye on.

Our next pick on the list this week is

Gamee are connecting gamers, brands and Web3 projects through play The Arcade of Blockchain and the power of mobile gaming to onboard new users.

In the last 7D, $GMEE has seen a rise of 124% and has a market cap of $23M.

Another gaming project that is gaining attention fast...

Our last pick of the week is .

OPTIMUS is an Ethereum based blockchain project, built on three key pillars: an iconic, futuristic meme, a decentralised venture fund investing in emerging AI projects, and a suite of best-in-class AI bots or tools.

$OPTI has seen a price increase of 70% in the last 7D and has a market cap of $29M, which could be one to watch especially for an AI and meme token.

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