It seems the worst could be behind us as Bitcoin and the market seems to have recovered and is aiming at hitting new highs this year... especially with the Ethereum ETFs now trading live.
Flooz
7 min read โข Jul 23, 2024
Todayโs issue โคต๏ธ
1. ๐ Today in markets
2. ๐ Ethereum ETFs are LIVE!
3. ๐ Educating your investments
4. ๐ฎ Flooz Top Picks
The work never stops here at Flooz, as we continue to expand and partner with new and exciting projects in the space.
Here's the latest with Flooz:
Flooz.xyz and related logos are trademarks of Flooz Inc., or its Affiliates. The views or opinions expressed herein do not necessarily reflect the views of Flooz and summaries information only. The content presented herein, is provided for general informational purposes only. Such content may rely on third-party sources. We do not make any warranties, whether express or implied, regarding the accuracy or actuality of the information provided. We do not explicitly or implicitly assume liability or provide any guarantee regarding the timeliness, accuracy, sufficiency, or completeness of the information provided. Additionally, we do not accept responsibility for any financial losses resulting from the use of the information displayed. No content on our Site constitutes a solicitation or offer. Any prices displayed are for illustrative purposes only, and actual prices and statistics may vary. None of the content we provide should be construed as financial advice or any other form of advice. Reliance on the content displayed is entirely at your own risk and discretion. It is imperative that you conduct your own research, review, analysis, and verification of the content displayed before making any decisions. You are solely responsible for your investment decisions. The information provided on this Site is not a substitute for personalised investment advice that is tailored to your individual needs. Trading is inherently risky and can result in significant losses. It is advisable to consult with a qualified financial advisor before making any investment decisions. The acquisition of securities or cryptocurrencies carries risks that may lead to a complete loss of the invested capital.
Firstly, these are not partnership announcements as such, but we have been active on X spaces recently, and we're live again tonight ๐
Make sure to catch us tonight on Elnen Based alongside our Telegram Bot partners RaidSharks who are currently conducting over 37,000 raids every 24h and will be integrating our latest #Join2earn and #Raid2Earn APIs which will allow them to reward all their communities and users using our tech!
Everyone who joins the Elnen Telegram group tonight will receive 15k $WEIRDO tokens as a reward airdrop for participating ๐
Check out our Twitter spaces talk, where we discussed all things Solana ๐
Want to know more about Base airdrops? Take a look at our recent Twitter space with All Your Base ๐
Next up we have Friendo, which is a brand new community based crypto token, with a focus on transparency and participation built on the Base network ๐ค
And to round things off... we have Awebo, that is a community built, incentivized meme coin on the Base network! ๐ค
Now that the markets are pushing for new highs... Are we about to see it explode with Ethereum taking the light?
Let's jump straight into the chart ๐
Firstly, Bitcoin did close slightly bearish on the daily, but this isn't a big concern right now as overall it is still bullish and a pullback was expected at some point.
We also broke last weeks bullish resistance that was sitting at around $66k, and now we need to push towards and break the new bullish resistance which can be seen on the green line on the chart at around $68k.
If this is breached in the short term, we move into a mega bullish state, especially if it closes above and sets a new support.
The current support we need to hold is $64k which is a bullish support, so if we stay above that, we will likely continue our move upwards to new highs. On top of this, we can also see that the fair value price has also risen again to above the $60k mark.
Currently things are looking great for the markets, and while we have seen a slight drop recently, this is likely due to some uncertainty around the world right now.
We don't want to jump into the politics, but things are a bit odd and this can cause a stir in the market as a result. However, prices have also been climbing too, so a small pullback is also likely (as we are seeing), and also very healthy too.
The next few weeks will be important, and we might be about to see some exciting movements if things go to plan.
As usual, nothing is ever for certain in this space, so be careful and stick to your plan.
As the market starts to rebound, it may have just been given a mega boost.
Can the Ethereum ETFs have the same impact as Bitcoin ETFs did?
One thing is for sure... this is bullish news for the entire crypto market and with good reasons. We already saw what the Bitcoin ETFs did to the state of the market, and if the Ethereum ETFs can have even half the impact, we could be in for a treat.
As the Ethereum ETFs are now openly trading in the U.S, we are now seeing institutional money entering the scene again, just like it did with Bitcoin.
Some of the biggest companies in the world including Blackrock and Grayscale are already getting involved, so it might be time to buckle up.
Just as the markets have started to recover and push again towards the yearly highs, the release of the Ethereum ETFs may just be the catalyst to push us where we want it to be, but we also need some patience too.
While this is bullish, it is not as simple as just sending the market higher, as we know that there are many aspects involved in this process. So, as exciting as this is (VERY EXCITING), we need to let the market do its thing, and see where it leads us in the coming weeks.
As we have said many times, make sure you do your research and only invest what you can afford to lose, because while this is a major opportunity, there are also no guarantees that things work out.
So, stay safe and let's continue to ride this bull together.
We aim to give you a short educational topic each week to help you on your trading and investing journey.
This weeks topic: Staking ๐
When it comes to investing, traditionally there is only one way of doing this. You buy and sell.
However, as investing becomes more advanced, especially with the Web3 space always evolving, there is another way to earn without much risk.
Staking.
The way staking works... is you store your crypto tokens and in exchange, you get periodic rewards for it.
For example: The platform you stake on allows you to earn 15% APY on your staked tokens. This means that if you stake them for a year, you'll earn 15% extra as a reward for simply staking them.
Now... 15% firstly is just an example, and while some offer this amount, it is rare.
However, it is important to remember that while staking does reward you for essentially doing nothing, there are also some risks.
Depending on where you have to hold the tokens, can mean that your security is not as high as it should be.
For example: If you have to hold and stake your tokens on a Centralized Exchange (CEX), there is a higher risk as your account could become compromised, as opposed to being able to stake them in one of your own wallets.
The other risk is that the unstaking period may be a long duration. This applies in two forms.
First - You can freely stake and unstake whenever you like, but it may take up to 72 hours to successfully unstake your tokens. Meaning they won't be available to you straight away. Now this isn't a big issue, but if there is a sudden big price spike, say of 40%, you would not be able to sell straight away.
Second - Some staking requires you to hold them tokens in the staking account for the entire duration that you select. Which is often either 7 days, 30 days, or 90 days. This can vary though. Again, this will cause you to be unable to sell if price spikes, and the same if price drops.
So, while staking can give you incentives at no 'true' extra cost, it may potentially cost you opportunities if they arise.
Overall, staking is a great option to use if you are a long term holder, as it will allow you to keep accumulating more without any costs incurred.
Deciding whether it best suits you is important, and the risks above need to be thought upon as everyone's situation is different.
It is also important to remember that staking is not available for every token, so make sure to check first to see if the option is available.
As we continue through the bull run, staking can be seen as risky, as highlighted above, but that is the choice you have to make, so always do your own research before making these decisions.
Happy investing, frens!
Here are our three crypto picks of the week ๐
๐ First up on our list is $GODS
Gods Unchained is an award-winning tactical card game with over 1800 cards to choose from, with game developers from some of the biggest companies around the world.
Players can use the $GODS token in game as an incentive and it also allows them to have voting power in the future decisions of the game.
Gaming tokens have seen a big rise recently, and with added incentives involved, it is likely to attract more attention and increase the economy of the project too.
๐ Next up on the list, we have $OPUL
Opulous is a music based token which allows artists and record labels to tokenize assets to improve the earning power and community base of their brand.
With the addition of AI, $OPUL is providing a solution to a major problem within the music industry, and could see a bright future as a result.
Currently it is sitting at a $40M market cap with 90% of tokens in circulation.
๐ Our final pick of the week is $HEART
Human AI is an AI platform that integrates deeply with the users needs by leveraging human expertise through rich dialogues, allowing for the AI to be tailored to your needs.
As AI becomes more common, users will continue to figure prompts and use cases for it, but with $HEART, it does that for you permanently.
This could attract a lot of attention as AI continues to grow and is sitting at a $46M market cap right now.
Guides
This guide will teach you how to use Flooz.xyz Airdrop feature to reward your token community for their engagement and participation. You'll learn how to set up airdrops, ensure security, and utilize various methods to distribute tokens efficiently.
6 min read โข Jul 26, 2024
