In this report:
- Latest Crypto News: Is the U.S. Stifling the Crypto Industry?
- The Markets: Congratulations - You are still here!
- Top 100 Gainers (7-days): KuCoin (KCS) +9.1% (7d)
- Micro-Cap Gainers (30-days): World State Coin (W$C) +1,260% (30d)
- Monthly Altcoin Pick: Next Altcoin Pick will be released in two weeks
Crypto news over the last week:
Congratulations - You are Still Here!
If you are reading this....and still in crypto, it means over the last year you have survived LUNA, FTX, Three Arrows Capital, BlockFi, Voyager, Celsius, Silvergate, and Silicon Valley Bank collapse, the SEC's attack on crypto and more.
The last year has been tough on the crypto market but now over the next 6 months, you have the opportunity to accumulate crypto assets at bargain prices.
The biggest precipitator for the next bull run is Bitcoin's halving event which (historically) has resulted in a significant increase in the price of Bitcoin (and the rest of the market) which is expected to start as early as November this year.
During these next few months, it's likely the crypto markets will continue to move sideways, especially if the SEC continues its attack on crypto, which makes this the perfect time to continue to accumulate while prices are still low.
Crypto Market at a Glance (7D):
Crypto Fear & Greed Index:
Today's Crypto Fear and Greed index = Neutral -- Decreased to 47 (from 50 last week).
Bitcoin & Ethereum Price Movement
Bitcoin has decreased 0.48% in the last week, currently trading at $26,328. In the previous 90 days, Bitcoin has decreased by 2.7%.
Ethereum has decreased 6.06% in the last week, currently trading at $1,716. In the previous 90 days, Ethereum has decreased by 3.0%.
Global cryptocurrency market capitalization decreased slightly this week from $1.090T to $1.059T.
Top 100 Gainers - Last 7 Days
Over the last 7 days, the biggest gainers (within the top 100):
KuCoin Token (KCS) +9.7% - Ranked #52
The KuCoin Token (KCS) is the native cryptocurrency of the KuCoin exchange and was first issued in September 2017. KCS holders can benefit from the success of the exchange in several ways including earning dividends on trading fees, discounts on trading fees, voting rights, and access to participate in Initial Exchange Offerings (IEOs).
Maker (MKR) +8.05% - Ranked #57
Maker (MKR) is a governance token associated with MakerDAO and the Dai stablecoin system. MakerDAO is a decentralized organization on the Ethereum blockchain that backs and stabilizes the value of Dai through a dynamic system of Collateralized Debt Positions (CDPs), autonomous feedback mechanisms, and incentivized external actors.
Quant (QNT) +5.24% - Ranked #34
Quant (QNT) is the native utility token of the Quant Network, a blockchain interoperability project. Quant Network's primary product is Overledger, a blockchain operating system that enables the development of multi-chain applications (mApps). Overledger is designed to facilitate interoperability between a multitude of blockchains, including but not limited to Ethereum, Ripple, and Bitcoin.
The project's aim is to help businesses and individuals tap into the potential of distributed ledger technology by simplifying the process of creating and operating distributed ledger systems and applications.
The New Quantum Financial System
It's also worth noting, almost every week for the last month, we had ISO 20022 Compliant Cryptocurrencies topping the charts and Quant made the list again this week. Many are calling the move to ISO 20022-compliant blockchains, the introduction of CBDCs, and other global movements towards blockchain-backed digital currencies the New Quantum Financial System.
Trust Wallet Token (TWT) +2.98% - Ranked #87
Trust Wallet Token (TWT) is the native utility token of Trust Wallet, a mobile cryptocurrency wallet that supports a wide range of cryptocurrencies. Some of the key uses and features of TWT include discounts on in-app crypto purchase fees, access to premium features, and also staking.
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):
- W$C +1,269% - Virtual Citizen-Based (state) altcoin (Micro-Cap)
- GST-ETH +349% - Stepn (Green Sato (ETH) Move-to-Earn (Nano-Cap)
- IMPT +114% - Enviro Crypto Loyalty Program (Micro-Cap)
- QANX +102% - Quantum Resistant Layer-1 for Gaming (Micro-Cap)
Monthly Altcoin Pick:
We will be releasing our next Altcoin pick in two weeks. 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,