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
We have seen a bounce on the altcoin market... But will we see it continue upwards, or is a deeper drop coming? As usual, let's take a look at the chart! ๐
The good news is that we have seen a big market recovery since the drop last week.
And while we are not out of the woods just yet, things are looking more positive, and it seems buying interest is ramping up again.
The altcoin market did close slightly bearish on the daily close, but that is expected as we just saw a pullback, which is healthy as it stands.
A further move down from here would get a little more concerning, but as long as we hold the short term support (Yellow line) at around $220B, which is $12B away, we should be fine for a continuation upwards.
The trend line (White line) is also getting closer for a breakout, so if we can reclaim that area, we would be in mega bullish territory... however, that is still at around the $280B mark, so we are still some distance away.
Our next target would be to hold current prices and then see a continuation up to test the bullish resistance, which is just under the $260B area. This is within sights if current momentum can be held for another build up.
As usual, the eyes are always on Bitcoin, as whatever that does, the market tends to follow. Right now it is also looking bullish still, and this healthy pullback may allow us to catapult up even further and see some more green candles.
For now it is a waiting game, so be patient and let's hope to be rewarded soon, 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 $GPU
NodeAI ($GPU) is a streamlined platform that connects clients to a global network of AI Nodes in which user tasks are processed and leverage a layer 1 blockchain for secure, efficient, and verifiable computation.
By lending the power of their GPU, users can earn rewards based on the processing power they provide, which can be monitored to track performance and reputation.
They also have Nvidia and AMD as key infrastructure providers, enabling more trust within this project.
๐ Now let's move onto the tokenomics ๐
Market cap: $78M
Total supply: 99.6M
Circulating supply: 95.1M
Current price: $0.08
The tokenomics here are impressive, with over 95% in circulation and no extra tokens to be made or added.
It's rare to see a top project have such tokenomics, which makes this even more bullish to investors, and with a $78M market cap too, $GPU is not messing about with their approach to things and are evidently gathering interest.
๐ What's the latest with $GPU?
Last month $GPU released a next generation Software Development Kit (SDK) which allows developers to have more power when using their system.
Most recently though, they updated their branding, which included a new website, boosting credibility and enhancing user experience.
๐ฏ Targets for the future?
As a project which actively uses AI, and is rewarding users for being involved in the ecosystem, this is an exciting project which is aiming to revolutionize AI development.
With such great tokenomics, and a team who is constantly expanding, as seen with the rebranding and added incentives that recently went live, $GPU is pushing up the ladder for the Web3 AI space.
Price prediction: The roadmap is strong, and developments are fast. This project could see a potential 7-10x in the future.
AI is one of the fastest growing sectors in the world currently, and with a focus on AI development for $GPU, they are certainly putting themselves in the light for investors and rapid growth.
๐ฎ Next up on our selection is $WIFI
WiFi Map ($WIFI) is empowering Web3 with Real-World Data, and enabling access across the world for users to take part.
They are currently one of the largest DePIN networks in the space and focus on community driven networks to eliminate access barriers, ensuring everyone can connect and contribute to a shared digital ecosystem through crowdsourcing.
The WiFi map app is also impressive, with 175M downloads and 5m+ monthly active users.
๐ Tokenomics insight ๐
Market cap: $14M
Total supply: 1B
Circulating supply: 299M
Current price: $0.04
The circulating supply is just under 30% currently, but as this is a heavy community and reward focused project, a lower circulating supply makes complete sense, as rewards need to be stored, hence they cannot be released.
Overall, the tokenomics are strong here for the objectives and ecosystem of the project.
๐ What's happening with $WIFI?
Recently $WIFI hit a new milestone, with over 5M active monthly users on their app, 15M+ WiFi hotspots set up, and over 175M downloads.
They also recently hit 700k new connection in just 7 days... showcasing how powerful their network truly is.
๐ฏ Targets for $WIFI and its future??
WiFi access is a massive issue around the world, and $WIFI is a project looking to change that, and they are certainly succeeding too.
As they expand, free internet usage will only continue to grow, further powering the ecosystem and thus rewarding those who get involved.
This is a super community focused project that is making a big impact on the world, and could be set for a super bright future at the rate of expansion.
Price prediction: With just a $14M market cap, the rate of growth for this project could see it rise another 10-12x in the future as they expand.
Let's also not miss the fact that they are leveraging AI too, making it even more valuable and exciting.
๐ฎ Our final pick this week is
UnoRe ($UNO) are a aiming to be the world's first multi-chain insurance risk trading exchange, which removes the barriers that many face when purchasing within the Web3 space.
They do this by covering every crypto need, including safeguarding individual assets or securing investments for institutions. With this enhanced protection, they are fast creating a new era of blockchain security.
๐ Tokenomics breakdown ๐
Market cap: $1.6M
Total supply: 382.6M
Circulating supply: 78.2M
Current price: $0.02
As you can see, currently only 20% of the total supply is in circulation which will be concerning for some investors.
But with the low overall token supply, this is still a bullish situation and with them being a governance, many investors will be holding too, furthering the strength of the ecosystem.
๐ What's the latest for $UNO?
This month $UNO had two big announcements...
The first is a strategic partnership with Galaxy, which is a pre-market terminal for users, which sets up for some potential extra security coverage, putting UnoRe ahead of the curve.
And the other release was a brand new redesign on their website, making it more user friendly and on-brand for future expansions.
๐ฏ Where is $UNO heading next?
Security is still a big issue within the Web3 space, and $UNO is providing a solution to this, and are looking to become leaders in this sector, making this a project to keep an eye on.
With fast expansions, and constant partnerships, while targeting a well-known issue, especially for investors, $UNO is becoming a beacon of security for the future of crypto and Web3.
Price prediction: Currently, $UNO is around a 50x away from it's all-time high, and with constant developments, a 10-15x from its current price is a possibility for the future.
There are always security concerns in the crypto and web3 space, but it seems that with project like $UNO, this is slowly changing, and may even attract new interest over time as a result.
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 Orbiter Finance
Here are the steps required to be eligible for this airdrop (โณ 2 mins):
Bridge Assets on Orbiter ๐
Connect a funded wallet to Orbiter - Click here to start
Select the origin chain and input the amount of tokens you want to send
Select your destination chain
Click โSendโ and approve the associated transactions
๐ช The next potential airdrop is Safe
Here are the steps required to be eligible for this airdrop (โณ 9 mins):
Create and Fund a Safe Account ๐
Click "Connect Wallet" under "Getting Started" and connect your wallet to Safe - Click here to start
Select Ethereum as the network you want to deploy your Safe to and name your Account
Click "Next"
Optionally, add additional signers to your account and set the number of required signatures, then click "Next"
Select the "Pay Now" option to create your Safe immediately
Click "Create" and approve the transaction
Click "Start Using Safe Wallet"
Click "Receive" and copy the address for your Safe Wallet
Send crypto assets to the copied address to fund your Safe Wallet
Make Transactions with Safe Wallet ๐
Connect your wallet to Safe, open your account, and switch to Ethereum - Click here to start
Search for an application that you want to use and click into it
Click "Open Safe App"
Perform transactions with the application
Purchase and Lock SAFE ๐
Connect your wallet to Safe, open your account, and switch to Ethereum
Search for the Uniswap Safe application and open it
Click "Open Safe App"
Select the asset you want to swap from and input an amount
Select SAFE as the token you want to receive (token address: 0x5afe3855358e112b5647b952709e6165e1c1eeee)
Click "Swap" and confirm the transaction
Return to the Safe home page (link: https://app.safe.global/home)
Click "Get Safe Pass"
Input the amount of SAFE that you want to lock
Click "Lock" and confirm the transaction
๐ช The final potential airdrop is Term Finance
Here are the steps required to be eligible for this airdrop (โณ 10 mins):
Lend in a Term Finance Auction ๐
Connect your wallet to Term's frontend and switch to Ethereum - Click here to start
Choose an open auction date and click the "Participate" button
Select "Create Offer (Supply)"
Fill out the specifications for your offer (note: a lower minimum increases the chance that your offer will be accepted)
Click "Submit Bid" and approve the transaction
Borrow from a Term Finance Auction ๐
Connect your wallet to Term's frontend and switch to Ethereum
Choose an open auction date and click the "Participate" button
Select "Create Bid (Borrow)"
Fill out the specifications for your bid (NOTE: a higher maximum increases the chance that your offer will be accepted)
Click "Submit Bid" and approve the transaction
Did we miss something great? Let us know.