Table of Contents
In this report:
- The Markets: Feds Hikes Interest +25 bps
- Opportunity: The Biggest DEGEN Opportunity of the Year (Musk vs Zuck)!
- Top 100 Gainers: XDC Network (XDC) +43% (7d)
- Micro-Cap Gainers (30-days): MBD Financials (MBD) +1,310% (30d)
- Monthly Altcoin Pick: Altcoin Pick will be released in a few days
Latest Crypto News:
Altcoin Investor
Altcoin Investor
Altcoin Investor
Biggest DEGEN Opportunity of the Year
Maybe you have already heard, tech giants Elon Musk and Mark Zuckerberg have agreed to battle it out in a cage fight.
These billionaire tech executives first suggested last month they would be interested in clashing in a UFC-style cage fight.
I’m up for a cage match if he is lol
— Elon Musk (@elonmusk) June 21, 2023
While the idea was largely laughed off as meaningless banter, photos of them training with some of the world's top fighters have signaled a billionaire brawl could actually become reality.
A spokesperson from Meta confirmed with The Verge that Zuckerberg was being serious in his response to Musk.
As the hype around a potential fight picked up, even UFC president Dana White joined in on the anticipation, posting a video of himself sporting a Zuckerberg vs Musk shirt that was made available for purchase on the UFC’s website.
If this actually happens, it will easily be the biggest fight in history, and with all this attention there is potential for one of the most significant meme crypto degen moves of the year!
Already there are $MUSK and $ZUCK tokens available for purchase and if you are into this degen speculation and you want to play it safe, you can buy both!
According to the project website, the tax collected from the purchase of these coins will be used to create the prize pot and then be distributed after the winner is determined.
This project currently has around a $5 million market cap and if this goes the way of PEPE, you'd be looking at at least +100x plus the prize pot (for the winning team).
There is no way of knowing if Musk and Zuck are truly serious about this fight. Over the next few weeks and months, there should be more clarity as to if it will actually happen. And if it does happen, it would likely be the most famous fight in history!
I don't personally support or endorse this type of speculation, but it really is incredible to see how fast the crypto market can pivot and take advantage of such opportunities.
I will be keenly watching to see how this whole shenanigan proceeds.
If you are interested in getting involved in this project, you can purchase the tokens directly from DEXTools (this is not endorsed in any way).
Join Us - As We Accumulate
In the next few days, we will be releasing our Altcoin pick for the month. For the next few months as the market continues to warm up, we will be buying well-known and undervalued crypto projects and as the market becomes more bullish, our focus will shift to small and micro-cap altcoins.
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 52 (from 50 last week).
Bitcoin & Ethereum Price Movement
Bitcoin has decreased 1.98% in the last week, currently trading at $29,321. In the previous 90 days, Bitcoin has increased by 0.34%.
Ethereum has decreased 0.9% in the last week, currently trading at $1,876. In the previous 90 days, Ethereum has decreased by 1.55%.
Global cryptocurrency market capitalization has decreased from $1.2T to $1.18T in the last week.
Top 100 Gainers - Last 7 Days
Over the last 7 days, the biggest gainers (within the top 100):
XDC Network (XDC) +21.1% - Ranked #71
XDC makes the list again this week. 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.
GMX (GMX) +12.3% - Ranked #76
GMX is a decentralized perpetual exchange (DEX) that allows users to trade perpetual contracts with up to 50x leverage. Perpetual contracts are a type of derivative that tracks the price of an underlying asset, such as Bitcoin or Ethereum.
GMX currently lives on the Arbitrum and Avalanche blockchains. It is a non-custodial exchange, which means that users retain control of their funds at all times.
GMX also offers a number of benefits, including low swapping fees, protection from liquidation risks and impermanent loss, and the ability to stake or provide liquidity to earn passive income.
Bone ShibaSwap (BONE)+9.0% - Ranked #98
Bone ShibaSwap (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.
Casper (CSPR) +8.45% - Ranked #85
Casper (CSPR) is the native cryptocurrency for the Casper Network, a proof-of-stake (PoS) blockchain developed by CasperLabs, with a team that includes former Ethereum developers and researchers.
The Casper Network stands out for its enterprise-focused features such as upgradable contracts, allowing changes to existing smart contracts, and predictable gas fees, mitigating sudden fee increases common in networks like Ethereum.
The Casper token (CSPR) serves multiple functions within the network, including staking for validators or delegating by token holders in exchange for rewards, and paying for transaction fees and smart contract interactions.
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):
- MBD +1,310% - AI NFT Aggregator & Marketplace (Nano-Cap)
- 3ULL +324% - Play to Earn Games / Masternode (Micro-Cap)
- MOON +260% - Reddit r/CryptoCurrency (Micro-Cap)
- BBANK +215% - Blockchain Banking (Micro-Cap)
- CSIX +109% - Web Browser, VPN, Crypto Wallet (Nano-Cap)
Monthly Altcoin Pick:
The Altcoin pick will be released in a few days. 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.
){kind=link}