๐ Fortune Finds with Flooz
Todayโs agenda points โคต๏ธ
๐ Altcoin Market Outlook
๐ Flooz Fortune Finds
๐ Potential airdrops
Bitcoin is always the area of interest within the markets, with altcoins relegated to second place, but we know the true value of altcoins and how important they are...
This is why we are focusing entirely on altcoins on each edition of Fortune Finds with Flooz, as that is where the true money is made, and we want to help you navigate your way to investing into your future.
But we are not done there... we also want to give you some options with each edition to consider, as well as airdrop opportunities each week too!
So, enough of our baffling, let's jump into the juicy stuff ๐
๐ Altcoin Market Outlook
The market is in turmoil with a brutal drop this week... Is this the end of the capitulation, or do we have more pain to come?
Let's jump straight into the altcoin chart ($OTHERS) to see what's happening ๐
As you can see, we saw a massive drop below the $60k area, with us visiting all the way down to $54k. This in turn caused many liquidations and allowed it to keep falling, which has now put the altcoin market nearly 50% away from its highs this year.
Currently we need to reclaim the $220B area, as seen on the chart (yellow line), if we can do that, then we are looking better and could then push for the bullish resistance, but a drop like this can take some time to recover.
While this is not ideal, the bullish trend is still in play and we are in a good position for the year. However, this drop was not completely random, and there are two major factors that played a part in this massive fall.
Firstly, we have the German government selling Bitcoin to the open market, with a total of around $200B worth to be sold in total. Most of it has already been sold, which is a relief, but there is still more to be sold so we may see some struggle for the markets still.
And the other major factor is Mt.Gox, which are giving back the Bitcoin to users that was stolen back when Mt.Gox were operating between 2011 and 2014.
The scary part here... is that around $9B is set to be returned, and there is a good chance many of this will be sold off immediately, as the price for those users is around 55x more than when they had it back in 2014.
So, overall... we are seeing around $11B worth of Bitcoin being moved and potentially sold, with the returning of these assets already starting, while the German government also continue to sell their Bitcoin too.
If we combine these major events with the fragile stability that the market already had, it is likely the reason we saw such a big drop in the first place, and while we have recovered a small portion back, with the selling set to continue, it may be a rocky July for the crypto markets.
For now, all we can do is pick up opportunities where possible, with many altcoins seeing big drops, and be ready for the next leg up whenever that comes.
But as usual, be cautious, stick to your plan and only invest what you can afford to lose. Stay safe frens!
๐ Flooz Fortune Finds
This is where we deep dive into three promising crypto projects once a week that could potentially have a break through into this current bull cycle.
๐ฎ First up on the list is $MAVIA
Mavia ($MAVIA) are on a mission to bring Web3 mobile gaming to the masses with their self-sufficient and ever expanding ecosystem, in which gamers and investors are rewarded for taking part.
On top of this, Mavia are also a governance, meaning investors can help to create the future by taking part in decision making aspects of the project, making it a bigger incentive to invest and grow.
With their play-to-earn features, this will attract more gamers to the ecosystem, and with them already looking to takeover the mobile gaming industry, this could be an exciting project to keep an eye on.
๐ Now let's move onto the tokenomics ๐
Market cap: $46M
Total supply: 250M
Circulating supply: 38M
Current price: $1.22
The total supply for $MAVIA is very good from a tokenomics point of view, with 250M being the cap, this is great for the project. But the one concern here is that only 15% of the supply is in circulation.
Although, as $MAVIA have a reward system, some of the supply will be put aside for this, so it is not as bad as it might look right now, and tokenomics are bullish overall.
๐ What's the latest with $MAVIA?
As the months move on, $MAVIA is becoming one of the top games on the app stores, with users looking to earn while they play.
They have cemented themselves as one of the best blockchain games on the market and are looking to push more content and opportunities with new seasons being available for players, further expanding the ecosystem.
๐ฏ Targets for the future?
$MAVIA already hit a high this year after its very successful airdrop and with it having dropped since release, and with the market collapse.
But with a super strong ecosystem, good tokenomics, and with much more planned, they could see themselves as not only a top project in the crypto space, but also in the mobile gaming space which they are already dominating.
Price prediction: Having already been nearly 10x from current prices, a 10-12x from here could be a realistic prediction for the future.
The gaming world is always expanding, and with a fast growing and rewarding ecosystem like $MAVIA has, we could see them having a bright future.
๐ฎ Next up on our selection is $UNB
Unbound Finance ($UNB) is a financial platform that borrows USD-Pegged UND Stablecoin at 0% interest using concentrated liquidity positions and LP tokens as collateral.
This means users can deposit, borrow, earn and repay at incredible rates, while also benefiting too. In terms of loaning, this is far superior to TradFi (traditional finance) with costs being incredibly competitive and more rewarding.
Overall this makes the process more convenient and much more cost effective, while also boosting the ecosystem of $UNB too.
๐ Tokenomics insight ๐
Market cap: $2M
Total supply: 10B
Circulating supply: 3,170,440,201
Current price: $0.0006
While only 31% of the supply is in circulation, as a lending platform with incentivised rewards, the tokenomics stand out here and are good.
The market cap being valued at only $2M is also great too as it presents opportunities and growth for an ever expanding and high valued project.
๐ What's happening with $UNB?
Recently, $UNB announced Unbound DAO, allowing $UNB holders to partake in votes to decided future decisions on the project.
They also announced that they are bringing $UNB to the Arbitrum network, in which they believe they'll see a significant increase in volumes and exposure as a result, which is bullish.
๐ฏ Targets for $UNB and its future??
As a financial platform allowing interest free loans, this is huge in a struggling economic world right now, and with added incentives with their reward based ecosystem, $UNB could be setting up for a bullish future.
The added element of Unbound DAO, meaning governance is now involved in the project and gives investors a voice for the future.
Price prediction: With the continuous expansions, and fantastic ecosystem, this project could potentially see a 10-15x rise from current prices.
Finance is growing fast within the crypto world, and as a competition to TradFi, we could see projects like $UNB have an exciting future with their competitive offers.
๐ฎ Our final pick this week is $LNQ
Linq AI ($LNQ) is an all-in-one marketing tool that allows users to generate campaigns and content almost instantly, saving time and efforts that would usually go into this and automating all economically valuable workflows.
AI is advancing quickly, but by having a blockchain based generative AI system that can create entire campaigns within minutes that would usually take days, this is a project that is solving a problem within the current world.
Holders of $LNQ get rewards, including discounts and exclusive event invites and participations. Which means the ecosystem is active, and looking to expand where possible.
๐ Tokenomics breakdown ๐
Market cap: $23M
Total supply: 979,375,163
Circulating supply: 161,765,423
Current price: $0.14
While at first glance the tokenomics do not look ideal, due to the reward system that is involved, and the low total supply in comparison to many projects, these tokenomics are still good. Despite only 18% of the supply being in circulation currently.
๐ What's the latest for $LNQ?
This month, $LNQ renounced their token contract, meaning that there is now a 0% tax hit on the token, which is super bullish news.
They also announced this month that they are set to release CREATR which is another stand alone AI tool that will be available on the Linqhub for use.
๐ฏ Where is $LNQ heading next?
As this is a new token, only being released this year, there are many new aspects to see with growth only just beginning, but already they are expanding fast and have grown to a $23M market cap already.
The AI world is rapidly expanding, and with $LNQ being a hub for businesses to grow and automate, this will likely continue to gain traction and attract investors due to the added rewards system for holders.
Price prediction: New tokens that are holding out well are exciting, especially with AI, so this could potentially see a 7-10x from here during the bull run.
New tokens are always a riskier option due to the unknown, but equally they are also fantastic opportunities if you can get in early, and the current signs look like this could be an exciting project.
๐ Potential airdrops
Here are 3 potential airdrops that could provide great opportunities leading into the bull run, let's unpack the requirements together to get you in early ๐
๐ช The first potential airdrop is Wayfinder
Here are the steps required to be eligible for this airdrop (โณ 4 mins):
Cache PRIME for PROMPT ๐
Press "Cache PRIME," connect your wallet, and sign the transaction - Click here to start
Click "Cache Prime" again and click "I Understand" after reading about caching
Choose the amount of PRIME to cache and click "Next Step"
Use the slider to choose how long to cache your PRIME
Press "Preview PRIME cache" and click "Cache PRIME"
BONUS: Share your referral code for more rewards.
๐ช The next potential airdrop is Redstone
Here are the steps required to be eligible for this airdrop (โณ 15 mins):
Bridge Funds to Redstone ๐
Connect your wallet to the Redstone frontend and switch to Ethereum - Click here to start
Select the asset that you want to bridge and input an amount
Click "Deposit" and approve the transaction
Add Redstone Network to Your Wallet ๐
Open your wallet and navigate to the settings to add a custom network - Click here to start
Input "609" as the chain ID
Input "Redstone" as the network name
Input "https://rpc.redstonechain.com" as the RPC URL
Input "ETH" as the currency symbol
Input "https://explorer.redstone.xyz" as the block explorer
Add the Redstone Network to your wallet
Swap Assets with Redswap ๐
Connect your wallet to Redswap and switch to Redstone - Click here to start
Select the asset that you want to swap from and input an amount
Select the asset that you wish to receive
Click "Swap" and confirm the transaction
Provide Liquidity to Redswap ๐
Connect your wallet to Redswap and switch to Redstone - Click here to start
Click "+New Position"
Select the tokens you want to provide liquidity for
Select the fee you want to take on swaps
Set the range you want to provide liquidity within
Input the amount of tokens you want to provide as liquidity
Click "Add Liquidity" and confirm the transaction
๐ช The final potential airdrop is Quantum Cats
Here are the steps required to be eligible for this airdrop (โณ 8 mins):
Download and Fund a Leather Wallet ๐
Install the Leather Wallet for your browser - Click here to start
Open the Leather Wallet browser extension
Click "Create New Wallet"
Click "Create New Wallet" again
Click "Show Key" and record your recovery phrase
Set your password
Click "Receive" and send BTC to your "Bitcoin: BTC" address from a centralized exchange
Alternatively, purchase BTC through the in-wallet buy button
Purchase a Quantum Cat ๐
Connect your Leather wallet to Magic Eden - Click here to start
Click "Buy Now" on the Quantum Cat you want to purchase
Confirm the transaction in your wallet
Did we miss something great? Let us know.