๐ธ Memecoins to dominate?
Todayโs issue โคต๏ธ
1. ๐ Today in markets
2. ๐ธ Memecoins to dominate?
3. ๐ย Whatโs next in Crypto?
4. ๐ฎ Flooz Top Picks
๐ฐ Holding your crypto bags
As the markets continue to go up and down, nerves and patience starts to be tested, but remember we are in the midst of a full on bull run...
Sometimes things will look bad and red will be showing, and other times it will be green and you'll forget all about it.
But that is part of the investment game, we know there will be good and bad times, but we power through the red to get to the green and that's what we are currently seeing with the markets.
Patience is often the winner in these types of games, and we are closer than we have been for a long time, so now is a potential opportunity to get into those projects while prices are lower before we truly move into the bull run and we start to see the green candles of dreams.
Remember, most investors either sell too early, or buy too late.
We could be about to see the biggest bull run we've ever seen and if you're thinking of selling because of a few percentage in the red, you could potentially miss out once the market starts moving.
Now, obviously there is no guarantee the markets will go higher, no one can 100% predict where the markets will go next, but we are still seeing an uptrend, the all-time high was barely beaten, the US government seems to be backing crypto now, and we have just got ETF approvals for Ethereum...
So, chances are... we are likely to see new highs, but it's just a matter of when...
๐ Today in markets
The markets are in a bit of a turmoil currently, with the next direction undecided, and a continuous sideway movement.
However, are we finally preparing to move in the next few weeks?
Let's jump into the 1D Bitcoin chart and see what's happening ๐
Firstly, let's cover the technical side of things.
Bitcoin closed the daily slightly bullish even though there has not been too much movement, although it is still an indecisive candle it is sitting on, meaning the direction could still go either way if anything immediate changes.
As for where Bitcoin is sitting, it is still above the fair value area, which is a good sign, and it is comfortably above support of around $64k, which it should stay above in the near future too before a continuation upwards.
Overall it is still trending upwards, we are just waiting for that big push to get us above the $70k mark, which would then allow us to continue with the bullish momentum and challenge for a new all-time high.
Bitcoin is still leading the market right now, and even though we have seen altcoins have their moments over the past few weeks, whatever Bitcoin does, the rest of the market is following, so until we see a bigger move on Bitcoin, we are unlikely to see much movements elsewhere.
We are currently 8% away from a new all-time high, and we have seen Bitcoin rise by more than this in a 24H period multiple times this year, so there is no reason it can't do it again.
The short term still looks bullish enough to push for that, but as usual it is a waiting game. As for the longer term plan, everything is very bullish, and it should still be a good year, with higher prices than we are currently seeing if the plan follows.
๐ธ Memecoins to dominate?
In a Bitcoin and Ethereum dominated world, it seems that we have another contender looking to take the reigns...
And yes, we are talking about memecoins.
Despite having meme in the name, it couldn't be further from the truth, and the markets are starting to agree.
If we look at 2024 alone, we have seen multiples on many memecoins already, with them significantly outperforming most other categories within the crypto space. And yes, while memecoins can be super risky and volatile, the same applies for other tokens too.
However, if you can spot a memecoin that is in a higher trustworthy position, it may just be your best friend heading into the bull run.
Why you ask?
Well, we have already seen a 10x on $PEPE in 2024, with it hitting a new all time high this year too, and it doesn't look like it's done just yet either, with the bull run seemingly only just heating up, we could see much more with this.
But the same applies for many other memecoins that are starting to cement their places within the top 250 cryptocurrencies, including the likes of $SHIB and, $FLOKI which have caught the eye recently too.
So, if you're not too sure where to invest for this bull run, memecoins are certainly an option have proven to not only be sustainable but also see significant returns, but remember... there is always a risk.
As usual, always do your own research, and only invest what you can afford to lose, because although this bull run is starting to get serious, it's not just a simple ride upwards, there will be up and downs throughout.
๐ Whatโs next in Crypto?
The Ethereum ETFs have now been approved and are pending trade opening, which means we could be about to see a whole lot of volume happening.
But what does this mean?
Well... it could trigger a massive surge on not only Ethereum chain tokens, but altcoins in general, and if it truly goes this way, we could see a full on alt season right before our eyes.
Now is this likely to happen in the near future? It could. We have already seen altcoins perform strong recently and on top of this, we also have an uptrend on the altcoin total chart, so we could see movement within the next few weeks that could trigger a massive movement upwards.
So, with the markets being in limbo currently, not truly deciding which way it wants to push, now could be the time to do some research and grab some gems before alt season arrives and we see multiples EVERYWHERE.
Luckily for you, we provide weekly insights into potential gems, and picks of the week, the first of which you can find below ๐
๐ฎ Flooz Top Picks
Here are our three crypto picks of the week ๐
๐ First up on our list is $JASMY
Billed as Japan's Bitcoin, Jasmy is a tokenized platform that champions the democratization of data by combining blockchain and IoT.
With Japan seemingly adopting crypto and wanting to create an ecosystem, this sets up $JASMY even better, with it already being a valuable token on the blockchain, and will likely see a nice rise during the bull run due to increased interest.
Currently $JASMY is up 83% in the last 30D, and this is a token that is already in the top 100, making it a safe pick with potential gains.
๐ Next up on the list, we have $XOR
Sora is an adaptive, non-debt-based monetary framework built to enable economic monetary stability for financially vulnerable countries.
This makes it the first monetary system on the blockchain, and with a price increase of 600% in the last 14D, and with a market cap of just $26M, it is certainly attracting some attention, and if you want to grab some, you can do so below.
๐ Our final pick of the week is $AVI
Welcome to Aviator, a decentralized token ecosystem powering SkyBridge and Aviator Arcade.
With their unique approach to cross-chain compatibility and Web3 gaming, the Aviator ecosystem is building a diverse creator and developer economy to bring blockchain-based gaming interoperability to the industry.
We already know that gaming is growing fast within the blockchain and it seems we have another one to watch out for here with $AVI, with it sitting at a $30M market cap.
