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๐Ÿ“‰ Is the bull run over?

The crypto markets started the year off strong, with an all-time high coming shortly after the ETF approvals... but have we hit the cycle peak or is there more to come from this bull run?

Flooz

6 min read โ€ข Jul 9, 2024


๐Ÿ“‰ Is the bull run over?

Todayโ€™s issue โคต๏ธ

1. ๐Ÿ“Š Today in markets

2. ๐Ÿ“‰ Is the bull run over?

3. ๐Ÿ“– Educating your investments

4. ๐Ÿ”ฎ Flooz Top Picks

๐Ÿ†• Latest Flooz Updates!

The work never stops here at Flooz, as we continue to expand and partner with new and exciting projects in the space.

Here are our latest partnerships:

Introducing Spectre AI, who have completed the integration of the wallet connection for the integrated Swap in the Spectre AI Search Engine. ๐Ÿค

This will allow users to purchase projects in crypto and on-ramp fiat with Swaps powered by Flooz!

Next up we have Univerz, which is an incentivized, blockchain-based, decentralized platform ๐Ÿค

And finally, we have ShibaPunkz who are an NFT focused project on the Base network ๐Ÿค

๐Ÿ“Š Today in markets

Bitcoin has bounced back a little from the lows... But is this a sign of things to come or are the markets still in trouble?

With no time to waste... let's jump straight into the analysis ๐Ÿ‘‡

BTC 1D Chart

As you know, the last few weeks have been very tough, especially with the recent Bitcoin dumps coming from the German government.

But the good news is that there has been some reaction, and buying interest is still there, which has temporarily pushed us back above the recent lows of $54k.

With selling pressure still high, it is tough to predict when this slump will end, and with the fair value price also dropping to around the $57k area, things are getting rough.

For the short term, we need to hold the $52k ideally, otherwise we risk dropping towards the $48k mark, which would cause altcoins to plummet even more, and they are already struggling big time.

As you can see, we are now nearly 23% down from the all-time high that we saw earlier in the year. And while this is concerning, corrections like this are normal, especially within a bull cycle.

Our next target for the upside is to reclaim the $60k mark, by doing this, we may continue with the bullish momentum and push higher. But with the sell offs still continuing, this may take a little longer than usual.

Right now there are many opportunities brewing, as altcoins are down with many fully retracing from their year highs, so if and when the markets turn around and shoot for new highs, these will likely react very well.

Now, this is not financial advice, but while the markets are struggling, it does present future opportunities.

So... as the markets continue to do their thing, make sure to stick to your plan and future-proof yourself by staying up to date with the latest trends and market movements to keep your investments in the best possible shape.

๐Ÿ“‰ Is the bull run over?

The crypto markets have been suffering with the direction only going down...

But does this mean the bull run spell is over or is a rise still on the cards?

Investors patience are being tested every day, especially as any recovery that occurs, is instantly retraced again.

And over the past few weeks, it seems that we have only been going in one direction... and that certainly isn't positive.

However, there are many aspects to keep in mind. The biggest are the MtGox recovery Bitcoin, and also the German government selling Bitcoin too.

While these are causing complications, the market is still in turmoil with altcoins especially getting slaughtered.

The question is... are we coming to an end of the bull run or not?

Sadly, no one has the answer.

But there are still signs that a move to the upside is on its way, and with the Ethereum ETFs almost in full swing, and the selling pressure on Bitcoin easing a little (even with the constant sells from the sources mentioned above), we could have a reversal in motion.

And yes... we did hit a new all-time high this year, but from a historical point of view, the bull run is only just getting started.

Liquidity from the FED is still set to increase, and that alone is predicted to boost risk assets (crypto and stocks), which is a nice indicator that things are yet to get better.

Currently, we are experiencing a big pullback, and these are normal, and have been seen in previous bull run cycles too.

So, while things may be rough now, the overall future is still bright, and we just need to hang on for a while longer and let the market do its thing.

As usual, stick to a plan, and only invest what you can afford to lose, frens.

๐Ÿ“– Educating your investments

We aim to give you a short educational topic each week to help you on your trading and investing journey.

This weeks topic: Strategic Dollar Cost Averaging (SDCA) ๐Ÿ’ฐ

During tough market conditions, investors tend to be less likely to throw all of their money in at once, uncertainty tends to do this, and with good reason.

But there are others ways to invest, and one of them is Dollar Cost Averaging (DCA).

This is the method in which you buy a fixed amount on a regular basis. For example: You may invest $100 at the start of every month, and you would do this no matter the current price.

And while this method can allow investors to level their investment prices over time, there are also drawbacks to this method too, and it can lead you investors actually paying more over time too.

So, how can you get around this? The answer is Strategic Dollar Cost Averaging (SDCA).

Now, compared to DCA where you invest the same amount each time no matter what market conditions are like, with SDCA you invest when opportunities arise. For example: If the investment you want to make is currently underperforming compared to its average, you may opt you invest more at that time.

Or you may choose to invest a lower amount if the price is much higher than usual, allowing you to still gain exposure, but without overexposing and potentially paying more in the long term.

By using the SDCA method, you are more opportunity based investing as opposed to blindly investing the same amount each period of time, without a care for the current price.

Now, while this can also have negatives, such as not investing enough and then the price skyrockets... the risk to reward factor actually gets better for the investor through SDCA than traditional DCA due to price pullbacks and market conditions.

In short, SDCA is based on timing your investments based on current market conditions, compared to DCA that disregards market conditions.

And while it may be a little more time consuming, it could also significantly increase your overall price exposure to your investments, making you more profitable in the long term.

๐Ÿ”ฎ Flooz Top Picks

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

๐Ÿ“ˆ First up on our list is $GHX

GamerHash provides a decentralized computing network to allow over 780k gamers share their GPU power, which is used for AI and mining.

$GHX uses AI to generate and support creative content including 3D rendering, adding tools to an already booming creator world.

With a 180% increase in volume in the last 24H, $GHX is ramping up interest and may be a project to add to the watchlist.

๐Ÿ“ˆ Next up on the list, we have $AZUR

Azuro is a powerful tooling, oracle & liquidity solution for any app and EVM chain, while claiming to be the the quickest, easiest way to build prediction applications in the world today.

As the crypto and blockchain space continues to grow, tools such as $AZUR will continue to power businesses to expand and progress, and will become an attractive asset as a result.

Currently $AZUR sits at a $19M market cap after seeing a 28% price rise in the last 24H.

๐Ÿ“ˆ Our final pick of the week is $OPEN

Open Custody Protocol is a modular custody primitive, connecting multiple next generation custodial and key management solutions to builders.

After its recent rebrand from QRDO to $OPEN, this project is starting to find some traction with it seeing a 16% rise in the past 7D, while sitting at a $9M market cap.

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