🔥Weekly Report: BRICK +4,592% (30d)

In this report:

• The Markets: PayPal Introduces Their Own Stablecoin
• Meme Coins Surging: SHIB ~40% (14d) - A good sign for the markets
• Top 100 Gainers: THORChain (RUNE) +24% (7d)
• Micro-Cap Gainers (30-days): r/FortNiteBR (BRICK) +4,592% (30d)
• Monthly Altcoin Pick: Altcoin Pick will be released at the end of August

Latest Crypto News:

Meme Coins Surging - It's a Good Sign

Last week ShibaSwap (BONE) was the best-performing (Top 100) cryptocurrency, up 22% followed by Shiba Inu (SHIB), up 18%.

This week Shiba Inu (SHIB) makes the list again, up another 22.9% and even Pepe (PEPE) made the top 100 list, increasing by 9.9% this week.

Over the last two weeks, Shiba Inu (SHIB) tokens have been among the top-performing cryptocurrencies, while Bitcoin (BTC) and Ethereum (ETH) have continued to move sideways (just up 1% over the last week).

On Thursday, Shiba Inu's trading volume hit a high of $315 million, the highest since February, and many crypto investors are buying these tokens in anticipation of the upcoming Shibarium launch.

Some bullish sentiment came from an announcement from developers as they said they would tie digital identity verification to all Shiba Inu developments, including the Shibarium release.

Dubbed self-sovereign identity, or SSI, these IDs are the digital version of traditional identity documents, like passports or driver’s licenses. The developers said there is rising interest in digital identities and data protection which could help position Shiba Inu as a more serious and compliant cryptocurrency project.

Shiba's Meme Coin Pivot

What we are seeing with SHIB is a wonderful pivot from a pure novelty token to a project with real-world value. One of the greatest assets behind the SHIB project is its community and matched with real-world utility, there is a lot of potential for additional growth in this project.

Meanwhile...

Bitcoin to $100,000 - Before Halving Event

Adam Back, a famous cryptographer who invented Bitcoin before Bitcoin (HashCash) and pioneered the development of Bitcoin's proof of work code, has recently bet 1,000,000 Satoshi's (on Twitter) that Bitcoin will reach $100,000 before the next halving (March 31, 2024).

Also during the week, PayPal announced the release of their own stablecoin (PYUSD) and Tether released their Q2 report, revealing staggering profitability - making them the most profitable crypto project in the world!

There are continuing to be a lot of significant developments taking place in the crypto space and while the markets are still moving sideways, now is the perfect time to be accumulating.

Join Us - As We Accumulate

At the end of August, we will be releasing our latest Altcoin pick. If you would like to know what we are buying, you are more than welcome to join us as we share our monthly Altcoin picks in preparation for the next bull market - You just need to become a member.

Richard.

Crypto Market at a Glance (7D):

Crypto Fear & Greed Index:

Today's Crypto Fear and Greed index = Neutral – Increased to 54 (from 52 last week).

Bitcoin & Ethereum Price Movement

Bitcoin has increased 1.21% in the last week, currently trading at $29,400. In the previous 90 days, Bitcoin has increased by 9.98%.

Ethereum has increased 1.16% in the last week, currently trading at $1,848. In the previous 90 days, Ethereum has increased by 2.85%.

Global cryptocurrency market capitalization has decreased from $1.18T to $1.17T in the last week.

Top 100 Gainers - Last 7 Days

Over the last 7 days, the biggest gainers (within the top 100):

THORChain (RUNE) +24.0% - Ranked #91

THORChain (RUNE) is a decentralized protocol that enables the exchange of cryptocurrencies across different blockchains. It uses liquidity pools and nodes to facilitate direct swaps without relying on intermediaries.

The protocol's key features include cross-chain compatibility, liquidity pools, no order books, a node network, and the native RUNE token for governance and transactions. THORChain aims to provide secure and decentralized cross-chain trading while minimizing reliance on centralized exchanges.

Shiba Inu (SHIB) +22.9% - Ranked #11

Shiba Inu (SHIB) is a decentralized "meme coin" cryptocurrency created in August 2020 by an anonymous entity known as "Ryoshi." Dubbed the 'Dogecoin killer,' has seen significant price fluctuations over the last few years.

There have been concerns have been raised about the concentration of the coin and frenzied buying by investors (dubbed, the Shiba Army). Despite its controversial nature, Shiba Inu has become an (in)famous part of the cryptocurrency landscape.

dYdX (DYDX) +10.16% - Ranked #96

dYdX (DYDX) is a decentralized trading platform and protocol built on Ethereum. It enables users to engage in margin trading and perpetual swaps for various cryptocurrencies with leverage. The platform operates in a non-custodial and decentralized manner, utilizing smart contracts for trade execution.

Users retain control over their funds throughout the trading process. The native DYDX token is used for governance and is separate from the assets being traded.

Pepe (PEPE) +9.9% - Ranked #75

Pepe (PEPE) is yet another meme coin that has made this list. It uses a proof-of-stake consensus mechanism, making it more energy-efficient and Pepe's key features include scalability, security, privacy, and decentralization.

Biggest Micro-Cap Gainers in the last 30 days

Every week we review and analyze small and micro market cap cryptos looking for the next low-cap gem. These are the best-performing (quality) micro-cap projects over the last 30 days:

Best Performing Quality Micro Caps (Last 30 days):

• BRICK        +4,592% - Reddit FortNite (ERC-20) Token (Micro-Cap)
• PAAL          +3,555% - AI Chatbots (Micro-Cap)
• MEVFREE  +850% - Crypto Trading Tools (Micro-Cap)
• TARA          +800% - Web3, Smart Contract utilizing blockDAG (Micro-Cap)
• MBD          +765% - AI NFT Aggregator & Marketplace (Nano-Cap)
• DONUT      +509% - Reddit's Community Points initiative (Nano-Cap)

Two weeks ago MOON (Reddit r/CryptoCurrency) made it to the list.

This week, two more Reddit tokens made the list, the Fortnite token BRICK (+1,176% in the last 7 days) and DONUT.

The reason for the recent rally in these Reddit tokens is because Reddit recently changed its Terms of Service where it now explicitly allows for trading of Reddit's tokenized Community Points.

Monthly Altcoin Pick:

The next Altcoin pick will be released at the end of August. If you would like access to this and future Altcoin picks, consider becoming a member.

Altcoin picks are emailed to members as soon as they are published. If you are wondering how we choose our monthly Altcoin Picks - this is the methodology we use.

Our Altcoin Picks for the prior months can be found here.

Thanks and appreciation to all our members!

Until the next report,

Richard.