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 markets have started to shift upwards, especially altcoins...
But when will we see it take off?
As always, let's take a look at the chart, in this case... it is the altcoins chart (OTHERS, excluding top 10) ๐
First thing to notice, is that the trend line is not looking great, we did break above it last month, but we have now fallen again, and are now in a desperate chase to push above it again.
However, we are in an uptrend overall still for the year, which is good news, and even if we hover around this area for a while, as long as we hold those supports, we should be good for continuation upwards.
As you can see, we are also still nearly 24% away from the highs for altcoins market cap, which is lacking compared to Bitcoin that is slowly closing in on a new all-time high. But the big difference here, is we can't have a strong altcoin market, and a strong Bitcoin market at the exact same time.
One typically always performs better, and right now it is Bitcoin...
But not all hope is lost, as we have seen in many cycles before that Bitcoin tends to take the reigns, before eventually giving up its dominance and all that then flows into altcoins and that is where the money is truly made.
So some patience is needed here while Bitcoin builds, but a good sign is showing, as altcoins are moving and have had good spells even during this sideways and horrible choppy movement we are seeing in he markets currently.
We know the bull run can be difficult to navigate, but that's part of the game, and to get rewarded, we need to just sit and wait. So stay buckled up frens, as it is going to be a bumpy journey to the green side of crypto!
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 $ALICE
My Neighbor Alice is a multiplayer blockchain game in which users can play-to-earn, building and creating their own virtual lands, interacting with neighbors, and allowing players to have assets that can be traded on their marketplace.
Holding $ALICE allows players unique options throughout the game, including content that is not available to others, making it a big incentive, and as a result, it drives the ecosystem too.
๐ Now let's move onto the tokenomics ๐
Market cap: $151M
Total supply: 100M
Circulating supply: 67.9M
Current price: $2.23
As this is a play-to-earn game, circulating supply tends to be much lower than normal, however... $ALICE already has over 65% in circulation, which is a big positive here.
With a 100M total supply, that is also super bullish for future pricing due to no overinflation coming into play.
๐ What's the latest with $ALICE?
The biggest news coming from $ALICE is that their season 1 beta has just started, meaning the game is about to ramp up.
It also says "coming soon" on steam, which is the biggest PC gaming platform in the world, with over 120M monthly active users... This could drive a HUGE amount of eyes onto the project.
๐ฏ Targets for the future?
By now, if you've haven't seen that gaming is taking over the blockchain... you're probably living under a rock.
Kidding...
But this is another example of a project that has built a great project and has a fantastic community behind it too. With much more to come in this year, we could see this start to get some attention.
Price prediction: This is not the first rodeo for $ALICE, with them being in the last bull run, but with even more eyes on gaming, and their roadmap progress... we could see a 5-10x on this possibly.
The tokenomics, and community for this project make it very bullish, and with more developments coming this year, this could be one to watch as we venture further into the bull run.
๐ฎ Next up on our selection is $LYM
Lympo is forging the future for the blockchain and sports, with their NFT ecosystem focused on athletes and clubs.
Already, they have some great athletes on board, most notably Magnus Carlsen, world renown chess player, and Blaise Matuidi, who played professional football for France.
While NFTs were seen in a different light last bull run, we are seeing much more utility, and with sports being one of the biggest entertainment industries in the world, this combination could be interesting.
๐ Tokenomics insight ๐
Market cap: $2M
Total supply: 999M
Circulating supply: 826M
Current price: $0.0023
The market cap is super low, making $LYM a potential gem, with much room for growth, and with 82% of the supply in circulation, the tokenomics are looking very good.
๐ What's happening with $LYM?
Lympo have been continuously developing since the start of the year, and have most recent announced that they have successfully transitioned to a DAO, meaning voting rights come into play from token holders.
This is a big move, and can help steady intentions and project progress with users having a say in the future.
๐ฏ Targets for $LYM and its future??
While the combination of sport and the blockchain is exciting, this project is still very much developing, but things are certainly looking positive, especially with the move recent transition to a DAO.
There are also multiple tokens within their ecosystem, so they are building and trying to create a thriving ecosystem, with incentives for holders, including voting rights and rewards.
Price prediction: It is still early for this project for 2024 developments, but with the market cap being so low, and the team still expanding, we could see a potential 10-12x on this if things go to plan.
๐ฎ Our final pick this week is $XCAD
XCAD Network is changing the watch-to-earn game for 2.1B active YouTube users, enabling fans to earn creator tokens as rewards by simply watching their favourite creators on YouTube.
Already they have some big creators on board already, with them actively rewarding users, many of these have over 5M subscribers, meaning that this project is getting a lot of eyes on it.
The blockchain rewards ecosystems are becoming increasingly popular, but having YouTube as your leverage is a massive advantage for $XCAD, and this project is super exciting as a result for both investors and users.
Another advantage for creators specifically is that it allows them to connect with their fans on a different level not seen before, making this even more interesting as a project.
๐ Tokenomics breakdown ๐
Market cap: $42M
Total supply: 198M
Circulating supply: 47M
Current price: $0.88
As this is a rewards ecosystem, the circulating supply is expected to be worse than a usual project as they have to have tokens allocated for that.
But with a maximum 198M supply, and nearly 25% in circulation, the tokenomics are not too bad.
๐ What's the latest for $XCAD?
XCAD Network recently released an update, which showed progress and news on recent developments, including their plans to add even more utility, meaning it is not just a watch2earn ecosystem.
They are also seeing success with the launch of a project via a YouTuber who is using their ecosystem to allow his fans to become involved, so far the project has exceeded expectation, meaning this is a big case study for future releases on the ecosystem.
๐ฏ Where is $XCAD heading next?
With a slight shift in focus to now offer even more utility and not just be a watch2earn ecosystem, $XCAD are looking even more enticing with viewers, especially as they have already successfully integrated with YouTube and have active creators involved.
Price prediction: $XCAD has already been performing well in 2024, but is still over 10x away from its all-time high, and we could see a 10-15x from here potentially.
The entertainment industry is huge, and with YouTube being a big part of that, we could see $XCAD start to perform very well as more and more creators are onboarded and using their ecosystem.
If you're looking for an ever expanding, and exciting project for the future, this could be it, so make sure to keep an eye on this one, as it could be seeing green and things heat up.
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 DeepBook
Here are the steps required to be eligible for this airdrop (โณ 15 mins):
Download and fund wallet ๐
Click "Add to Chrome" to install the Sui wallet as a Chrome browser extension - Click here to start
Sign in with your Google account
Use Sui's in-wallet buy button to purchase SUI or send SUI to your Sui wallet address from a CEX
Stake SUI with Aftermath ๐
Connect your wallet to Aftermath - Click here to start
Input the amount of SUI you wish to stake
Click "Stake" and approve the transaction
Lend out your afSUI on Scallop ๐
Connect your wallet to Scallop - Click here to start
Navigate to "afSUI" under Lending Pools
Press "Supply" for afSUI and choose the amount to supply
Click "Supply" and confirm the transaction
๐ช The next potential airdrop is Fuel Network
Here are the steps required to be eligible for this airdrop (โณ 6 mins):
Set up Fuel wallet ๐
Press Install Fuel Wallet - Click here to start
Click "Add to Chrome"
Click "Add Extension"
Pin the extension to your task bar.
Click the extension to open it and select โCreate new wallet.โ
Store your seed phrase somewhere safe and set a password.
Get test ETH ๐
Copy your wallet address from the Fuel wallet browser extension - Click here to start
Navigate to the faucet link.
Enter your Fuel wallet address.
Verify you are not a robot.
Press โGive Me Ether.โ
Make a vault on BSafe ๐
Connect your Fuel Wallet - Click here to start
Select the Account you want to access BSafe with.
Approve and sign the transactions.
Create a vault and name it.
When you reach the page with โVault signers,โ press continue.
Copy the address of your Vault from the BSafe homepage.
Open your Fuel wallet extension and click โSend.โ
Select ETH as the asset to transfer and paste your Vaultโs address.
Confirm your transaction.
๐ช The final potential airdrop is Ambient
Here are the steps required to be eligible for this airdrop (โณ 4 mins):
Swap Assets with Ambient๐
Connect your wallet to Ambient's frontend and switch to Ethereum - Click here to start
Choose the asset you want to swap from and input the amount
Select the asset you want to receive
Approve the transaction
Provide Liquidity on Ambient๐
Connect your wallet to Ambient's frontend and switch to Ethereum - Click here to start
Select the asset pair you want to provide liquidity for
Set the range you want to provide liquidity within on the chart by dragging the upper and lower bounds
Input the amount of liquidity you wish to provide
Confirm the transaction
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