🔥Weekly Report: PAAL 595% (30d)

In this report:

• The Markets: Bitcoin is More Stable than Gold & Stocks
• Meme Coins: The Shiba Inu Ecosystem is Gaining Momentum
• Top 100 Gainers: Bone ShibaSwap (BONE) +22.7% (7d)
• Micro-Cap Gainers (30-days): PAAL AI (PAAL) +595% (30d)
• Monthly Altcoin Pick: Next Altcoin Pick will be released at the end of August

Latest Crypto News:

Shibu Inu Ecosystem Taking Front & Center Stage

This week ShibaSwap (BONE), the governance token of the ShibaSwap decentralized exchange (DEX) has been the best-performing Top 100 crypto, up 22%.

In second place is Shibu Inu (SHIB) up 18% and third part of the Shiba Inu ecosystem, Doge Killer (LEASH), ranked #325 and priced at $559,09 is up 21% this week.

This is in contrast to the rest of the crypto market which has been moving sideways. This once laughable meme coin has transformed in a few short years into a solid crypto contender now outperforming some of the best cryptocurrencies in the market.

While many people are familiar with Shiba Inu, most are not familiar it's part of a much larger ecosystem including BONE (the governance token of the ShibaSwap DEX and the coin used for paying gas fees on the Shibarium Layer-2 blockchain) and LEASH.

And recently, Shiba has been attempting to increase the price of their token through active token burning.

According to a recent tweet, there have been over 2 billion tokens burned in just the month of July. The burning mechanism was put in place to reduce the supply of SHIB in an attempt to increase the value of SHIB and it seems to be paying off.

I must admit, I have never been a fan of meme coins, but Shiba looks to be providing some solid value and has a massive community backing the project as well as adding value (in a non-traditional way). Nevertheless, it's a project I will be paying more attention to as their ecosystem continues to develop.

However, if a dog-faced meme coin is now the best-performing top 100 cryptocurrency in the world, I'm not sure what that says for the rest of the cryptomarket...heh.

Isn't that a Beautiful Chart

While the majority of the crypto market has been stagnant over the last month, Kaspa (KAS) has doubled in price and btw - Kaspa (KAS) was our Altcoin Pick in March.

Join Us - As We Accumulate

As the market continues to warm up and we near the Bitcoin halving event, we will continue to buy well-known and undervalued crypto projects. 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 – decreased to 49 (from 52 last week).

Bitcoin & Ethereum Price Movement

Bitcoin has decreased 1.05% in the last week, currently trading at $29,032. In the previous 90 days, Bitcoin has increased by 1.5%.

Ethereum has increased 0.27% in the last week, currently trading at $1,834. In the previous 90 days, Ethereum has decreased by 2.56%.

Global cryptocurrency market capitalization has decreased from $1.18T to $1.16T in the last week.

Top 100 Gainers - Last 7 Days

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

Bone ShibaSwap (BONE) +22.7% - Ranked #89

For the second week in a row, Bone ShibaSwap (BONE) makes this list. BONE is a governance token of the ShibaSwap decentralized exchange (DEX). It is an ERC-20 token that is used to facilitate liquidity, staking, and swapping within ShibaSwap.

BONE holders can vote on proposals that affect the future of ShibaSwap, such as new features, tokenomics, and marketing campaigns. They can also earn rewards by staking BONE or providing liquidity to the ShibaSwap DEX.

Shiba Inu (SHIB) + 18.9% - Ranked #14

Shiba Inu (SHIB) is a decentralized meme token that grew into a vibrant ecosystem. SHIB was originally an ERC-20 token on the Ethereum blockchain that was created anonymously and named after the Shiba Inu dog breed, also associated with the Dogecoin meme. It's branded as the "Dogecoin Killer" and has been marketed as a more decentralized and community-driven project.

XDC Network (XDC) +12.1% - Ranked #45

For the third week in a row, XDC makes the list. The XinFin Digital Contract (XDC) Network is a hybrid blockchain network focused on enhancing global trade and finance by combining the transparency of public blockchains and the security of private ones.

The native cryptocurrency of this network, XDC, facilitates transactions and incentivizes participants within the ecosystem. XinFin uses a unique consensus mechanism called XinFin Delegated Proof of Stake (XDPoS), designed to create a more democratic, scalable, and environmentally friendly network.

XDC is also one of the few ISO 20022 compliant cryptocurrencies.

Optimism (OP) + 11.9% - Ranked #42

Optimism (OP) is a layer-two blockchain on top of Ethereum. It benefits from the security of the Ethereum mainnet and helps scale the Ethereum ecosystem by using what is referred to as 'optimistic rollups'. These are transactions that are trustlessly recorded on Optimism but ultimately secured on Ethereum.

Optimism is one of the biggest scaling solutions for Ethereum with over $500 million in TVL. It is home to over 97 protocols, the biggest being Synthetix (SNX), a derivatives exchange, Uniswap (UNI), a DEX, and Velodrome (VELO), an AMM (Automated Market Maker). On May 31, 2022, Optimism conducted a highly anticipated airdrop of its OP token.

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):

• PAAL +595% - AI Chatbots (Micro-Cap)
• MEVFREE +459% - Crypto Trading Tools (Micro-Cap)
• TARA +311% - Smart Contract, Web3 Platform (Micro-Cap)
• OCTA +188% - Blockchain Storage, VPN (Nano-Cap)

Monthly Altcoin Pick:

The most recent Altcoin pick was released last week. 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 strategy we use for choosing them.

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

Thanks and appreciation to all our members!

Until the next report,

Richard.