BTC's Price Resurgence, Altcoin & DeFi Trends and Mainnet Launches!
Coverage from Fluence Network, Cedro Finance, and Airdrops you can't miss out on.
Another significant week for crypto as Bitcoin returns to its pre-Bitcoin ETF price, edging closer to $50,000. Meanwhile, altcoins are gaining momentum, with more airdrops occurring, and numerous blockchain projects I've tracked for years are nearing the launch of their mainnets and tokens within the next 30-60 days. This is a crucial period to pay attention to, as it could position you for the largest bull run crypto has ever witnessed!
Let's delve into the fundamentals I've been monitoring this week, including serverless decentralized computing networks, AI with a human touch, Unified Liquidity in cross-chain DeFi, and how zero-knowledge can enhance blockchain security and safety.
The introduction of the cloud has been a convenience for storing files and applications without needing to run them all on your computer. However, the cloud also has setbacks. For those who understand the details, it's mostly just computers run by Amazon or Google that you connect to reach your files, which you don’t actually own 100% anymore.
These cloud providers have the ability to censor or block you from your files if they deem the content inappropriate. They control the rules and can change them as they like.
The same applies to AI and machine learning in applications like ChatGPT. If the servers are run by a tech oligopoly, they decide the chatbot's answers and become the source of truth. When asking political questions or anything in a gray area, the answers may be heavily biased or censored.
There is new technology being developed known as "decentralized cloud computing" or cloudless, serverless computing networks, where data verification and models can be run in a decentralized manner, sourcing computing power from a blockchain-like network. As the war on censorship continues to grow, this topic will become even more prominent.
I speak with Tom Trowbridge, the CEO of Fluence Network, whose team is building just that: decentralized cloud computing. I highly recommend listening in to understand the topic more and capitalize on the opportunities at hand.
Further to this, AI is working to become more "Humanized." Through human interaction and training, HumanizedAI has developed a "Quantify to Earn" mechanism that helps AI become more humanized and earns tokens for interacting with Chatbots. I spoke with Advisor Kurt Ivy about the launch of their HumanizedAI project.
One of the major advancement in DeFi this cycle is the unification of liquidity from different blockchains, which are in a sense, sort of like isolated silo’s.
Why is cross-chain liquidity so important? I spoke with Cedro.Finance about cross-chain DeFi, moving capital into new blockchains easily when they launch, Unified Liquidity with their upcoming token $CULT, and the upcoming launch of the Cedro.Finance Mainnet in the next month!
As DeFi grows, you’ll certainly want to know about how all of the blockchains connect together seamlessly ans securely. This Cross-Chain DeFi discussion is sure to educate and inform.
One more aspect of Decentralized Finance to consider is the safety and security of your assets and the protocols in which you are keeping your funds.
So, I spoke with Andrew Wesie, Co-Founder and CTO of ChainLight, about cybersecurity in Web3, the activity of hackers in crypto in 2023, how Zero Knowledge affects the security of blockchains, and what else blockchains can do to protect themselves and strengthen their networks. Worth a listen if you're interested in avoiding phishing scams and keeping security and safety at the forefront of your mind while moving crypto assets around different blockchains and newer applications.
Crypto Coin Show is Sponsored by Minterest!
Minterest DeFi platform continues its growth in lending and borrowing with higher yields, earning APY in four different tokens simultaneously: mETH and mUSD. It's pretty easy to get mETH if you have wETH on the Mantle network and swap using one of the DEXs on Mantle.
Minterest Dashboard: https://mantle.minterest.com
I continue to accumulate MINTY tokens, which are unreleased until later in Q1 when Minterest launches their token. I recommend checking out the trading pairs and APY right now!
Other Crypto News:
Nayib Bukele wins Presidency in El Salvador again by a near landslide.
Solana blockchain goes down for 5 hours, SOL price was not really affected by it.
Michael Saylor’s Microstrategy buys more 850 more Bitcoin (for $37.2 million).
BlackRock & Fidelity now hold 134,358 BTC worth over $5.7 billion for their spot Bitcoin ETFs
GoDaddy Partners With Ethereum Name Service ENS
A new ERC404 “Standard” emerges, with $PANDORA utilizing it first and rocketing more than 12,000%
Market Analysis:
Bitcoin continues it’s recovery post Bitcoin-ETF and has practically erased all of the price losses that happened over the past two weeks.
With BTC back above $47,000, there’s two potential paths to take next. We either continue ranging in this 42-47k for another week, or BTC continues the rally and test the next psychological level.
As BTC nears closer to the BTC Halving event, 68 days away now, we should see Bitcoin above /$50k by that time. However, normally the price peaks closer to 30 days before, which leaves a month still of price action before then.
These prediction lines were drawn last week, and so far BTC has followed them perfectly.
Altcoins are also experiencing significant movements following Bitcoin's return to $47,000. Coins such as $TIA, $PYTH, $DYM, and $MANTA, which initially began as airdrops and are now being staked for further airdrops, continue to perform well as more coins are taken out of circulation through staking.
$LINK, which showed strong performance during Bitcoin's dip, is currently consolidating and may dip to the $17 price range before making its next move above $20.
#OM from MantraDAO stands out in the space, as Mantra Finance aims to develop a Layer 1 blockchain with OM as the primary governance token. #OM has surged by 500% since the approval of the Bitcoin ETF only six weeks ago and by 30x since mid-December.
There are altcoins like this in the market that can yield gains of 10x to 100x or more for those who stay focused. More opportunities are likely to emerge as Bitcoin embarks on its next parabolic run towards all-time highs. So, stay tuned to our newsletter and the markets to seize these opportunities.
Airdrops:
GVRT Exchange:
The next round of access to the elusive GVRT exchange is now open. Limited invites are available, so secure your free access here as soon as possible. Additionally, don't forget to claim the zkSync mystery box, which could serve as a bonus for the zkSync airdrop in the future and potentially bring weekly rewards.
Register for Free: https://grvt.io/exchange/sign-up?ref=QNQZ5V8
🚨 Supra Oracles:
What are oracles, and why are they crucial for blockchains?
Oracles play a vital role in transmitting the prices of crypto assets onto the blockchain. Supra emerges as a major competitor to Chainlink, a project we've been monitoring for years, and its significance cannot be overstated.
Supra is already operational on 47 mainnets, although its token has yet to commence trading. This presents a great opportunity to acquire some tokens through their engaging missions and learn campaigns.
Join the Supra Blastoff Campaign to both learn about and earn SUPRA tokens before their official launch: https://supra.com/blastoff?ref=d0ad5-302201
🚀 LayerZero Airdrop:
L0 has officially launched its V2, indicating that they are nearing their anticipated airdrop announcement.
One of the initial releases in V2 is Clusters, a domain name service spanning all chains, appropriately named Clusters.
Secure your cluster domain name for 0.01 ETH to immediately leverage LayerZero V2 and accrue points for the upcoming airdrop.
➡ Explore it here: https://clusters.xyz/starcluster
Other LayerZero pointers:
Utilize the MIM bridge, empowered by L0:
https://app.abracadabra.money/#/beam
Use the WAGMI Bridge:
https://app.wagmi.com/bridge?id=324
Use the Pancake swap bridge:
https://bridge.pancakeswap.finance/
BeraChain Testnet:
Berachain, a significant layer 1 blockchain, is currently in its testnet phase. This means that conducting practice transactions on the testnet is entirely free.
Visit the DEX and initiate a swap with some BERA tokens, which you can obtain from the Faucet on the DEX page initially.
DEX: https://artio.bex.berachain.com/swap
Then, utilize this Twitter guide to conduct additional swaps on various DEX platforms and contribute to liquidity pools. All transactions so far are using free testnet tokens.
https://twitter.com/cyrilXBT/status/1753101525491032187
If you’re looking for even more Airdrop alpha not in my newsletter, please join my Telegram for daily updates on how to capture the most value out of the Web3 ecosystem.
Thanks for reading!
-Ashton Addison, CEO of Crypto Coin Show