🚀 ETFs fuelling BTC take off
Today’s issue ⤵️
1. 📊 Today in markets
2. 🚀 ETFs fuelling BTC take off
3. 👀 What’s next in Crypto?
4. 🔮 Flooz Top Picks
🚀 Flooz Exclusive Data Bytes
Here’s the top 3 tokens we've picked out from the top 500 holders of Heroes of Mavia token, and checking what other tokens they hold, across all supported networks.
$QUICK QuickSwap is the leading DEX on Polygon PoS, Polygon zkEVM, & Dogechain, best known for it's blazing fast transaction speeds and near-zero gas fees.
$DIMO DIMO is an open and user-owned IoT network that empowers people to have a better relationship with technology
$DEEZNUTS is a memecoin around a viral social media cultural term.
❓ The bulls are preparing
The climb has started again, but whether that continues in the short term is a different story.
When it comes to the crypto markets, we already know that nothing is guaranteed. And we also know that emotions fly and dive quickly.
A single drop from here would send investors worrying, which leads to further pain.
The closer we get to the bull run, the more painful it becomes for many investors who are not too sure what to do. Many will sell on a big drop and then buy back again when the prices rise, fearing that they will miss out. The dreaded FOMO haunts everyone that gets involved at some point. But... that doesn't mean everyone is impacted all the time.
Sometimes it takes a pain to realise a situation, and the crypto markets are the same.
Mistakes WILL be made at some point, but learning and understanding why, will be the difference for those who succeed and those who continue to fail.
So as we get closer, remember this... there will be good and bad moments, but making sure you are aware and have a plan to navigate these moments will be the difference. Just because things look good now, doesn't mean they can't change tomorrow.
In the longer term, we know good things are coming, have patience and a plan and you'll be better off than those who have neither. Stay safe.
📊 Today in markets
We've had our ups and downs but the market is finally ready to start moving again.
Luckily for us, it seems like that direction is up with BTC hitting a new record..
The $50k mark was always a pivotal moment for the markets, and we seem to have already hit it 2 months into the year. Now while this is exciting, we must still be cautious as the markets have shown previously that nothing is guaranteed.
However, let's see what others are saying 👇
It seems the narrative aligns... and it could get even better. If the daily price can hold - we could see the downtrend on BTC dominance to end which could see us move even higher.
And if the markets move as usual, and this happens... then this dominance would then eventually drop and allow altcoins to take some of that dominance. But we'd have to firstly wait and see how it plays out. And even if it does play out like this, there is no telling when this BTC dominance would start to drop. One thing is for sure though... the markets are waking up and the green candles are slowly filtering back into play.
Hold on my frens, the sleeping bull may be finally waking up 🐂 🎯
🚀 ETFs fuelling BTC take off
It is no secret that Bitcoin has hit the $50k mark for the first time since the last bull run in 2021 but this time is a little different.
Not only do we have more people than ever involved, we have a crossover with traditional finance with the approval of ETFs...
Which speaking of ETFs, they could be the main driver as to why we have seen such a big rally on Bitcoin recently. Especially with us seeing over $1.1B of Spot ETF BTC inflows last week and a total BTC ETF holding of around $10B combined.
Now that is a large of investment...
The question now... is how much further will we go? Because statistically, we are seeing more demand than ever for Bitcoin and with the halving fast approaching, the circulation is about to take a whole lot longer to fill.
Therefore, Bitcoin will become even more scarce and thus increasing the demand even further. Typically, this would increase the price due to historical supply and demand processes.
But... we are talking about crypto, and we know nothing is guaranteed. There most definitely could be a few more curveballs before we see a new all time high on the markets.
However, things are looking super positive currently, and we could be in for an early treat with potential Ethereum upgrades and ETF approvals closing in too.
Could 2024 be the year we see a new all time high on Bitcoin? Only time will tell...
👀 What’s next in Crypto?
We've seen the hype around gaming over the past few years and it certainly isn't slowing down.
But we're currently seeing a massive rise of interest in play to earn Web3 games, with $MAVIA being the latest of the hypes. And to further this, they also just released an airdrop and are creating an entirely new approach to Web3 games.
This could open up a massive window for players to start earning from playing these games like during the last bull run when we saw games such as $AXS allowing people to quit their jobs to play due to the earning potential.
The difference we are seeing recently though... is that these games don't even require an NFT or money requirement to take part, which has previously put players off from getting involved.
What we are seeing is unique, and the likelihood of other Web3 games following the $MAVIA process is high.
Here are a few gaming crypto tokens that are trending:
Gaming as an industry, as we have mentioned before, is growing incredibly fast and does not intend to slow down anytime soon.
Keeping an eye on the Web3 gaming industry and more importantly, the play to earn projects would be recommended, especially as we see more eyes than ever before on the crypto and Web3 world.
🔮 Flooz Top Picks
Before we jump in... here is a quick update on $WHRH which we mentioned in our newsletter 10 days ago.
Since we added it into our Flooz Top Picks, it has seen a 10x in price... But be careful as it is a very volatile token and has seen large rises and drops recently.
Here are our three crypto picks of the week: 👇
The first on our list is $MAVIA, which is a brand new token.
Heroes of Mavia are on a mission to bring Web3 mobile gaming to the masses. Explore the Mavia ecosystem and game and prepare for an entirely new mobile gaming experience.
The $MAVIA airdrop was recently and they are preparing more for upcoming seasons, illustrating a keen desire to keep building their ecosystem and player base. If you're an avid gamer, this may be a good project to get involved with and keep an eye on.
Our next pick on the list this week is $ERSDL
Residual Token is a technology company specialized in the development and marketing of fintech software that empowers individuals and entities to “Be the Bank.” With their goal being to help build, grow and market DeFi ecosystems for the blockchains of the world.
After a recent rebrand, $ERSDL is looking to keep expanding, and is current up 30% in the last 24H and 150% in the last 7D.
Our last pick of the week is $FOX, which has seen a climb of 143% in the last 7D.
ShapeShift is an open source platform to trade, track, buy, and earn. Community-owned. Private. Non-custodial. Multichain.
The interest has certainly been building recently and this may be an investment opportunity to keep an eye on.