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- π€ This altcoin is up by 15,000%, next stop β the moon: Top crypto news analyzed.
π€ This altcoin is up by 15,000%, next stop β the moon: Top crypto news analyzed.
A new bullish altcoin, Bitcoin's mooning factors, and the top money-makers of AI!
GM!
It's another Monday, and although we might not be excited about it, it's a new week and another opportunity to make it big with crypto! I'm Vanessa from the buidlbee Web3 community, here with all the tips, news, and analyses to make you the next potential 100x millionaire π€
RedLuna is green on the charts π₯
Bitcoin will moon if these three factors are in place π
Get started on your AI investment journey π
Extra tips & tricks for your winning portfolio πͺ
Red Luna shot up by 15000% in one day
"Why get 100x, when you can have 150x with the RedLuna token?" That's what I asked myself on Friday when the team and I discovered the REDLUNA token had gone up by at least 15,000%! I didn't know a lot about this project prior to that, but we've gathered all the facts so you don't need to.
The RedLuna project aims to develop innovative content on blockchain technology. It was created in the wake of the Luna Classic collapse in May 2022, and the official Twitter page went silent by July after announcing the launch of a P2E puzzle app.
Fast forward to last week Thursday, February 16, RedLuna joined the rest of the crypto market in a bullish rally and soared by 15015.93%, canceling out one zero from $0.000000001984 to $0.0000002999. However, the asset also took a dip with the rest of the market and currently trades at $0.0000002357 with an unknown market cap and daily trading volume of $57,238.
REDLUNA to USD 7-day chart
As of the time of writing, there's no way to trade the asset, and it can only be bought on PancakeSwap paired with WBNB. It was also one of the fastest-growing assets among all DEX.
Bitcoin can reach the moon with these factors
Yes, we all want Bitcoin to go to infinity and beyond, but there are some things that need to happen before our crypto OG can be strapped up and ready for take-off. Here are three major factors that could make that a possibility in the long run:
Halving β The more halvings occur, the more Bitcoin gets expensive. In the past decade, Bitcoin's price rose an average of 2.036 times a year and 1,200 times overall. If the trend keeps up, during the next two halving cycles, BTC will presumably reach a value of $10M with $200T capitalization.
Previous Bitcoin halvings
More hodlers β TheRationalRoot reports that Bitcoinβs illiquid supply has reached its highest level since 2014, with only 22% of existing Bitcoins being available for trading. The more people hold tight to their Bitcoins, the lower the circulating supply and the more expensive the token.
Bitcoin illiquid supply by TheRationalRoot
Network effect β The internet was once a concept that was hard to understand, with very few users, and today, everyone uses the internet. This approximately took a span of 15 years. The crypto industry is currently where the internet was in the 1990s, with only a few technical users. When there are more users on a network, it leads to more demand and growth of the asset. It will take Bitcoin about 30-32 years for such widespread adoption.
Number of crypto users
Experts see Bitcoin reaching $200,000 by 2025 and $10M by 2032 if there is simultaneous pressure from all these factors.
How to make money from AI tokens
Artificial Intelligence projects and their tokens have been gaining interest and momentum since the start of the year. So, of course, we had to call on an expert, Crypto in Black, to set you up in the best money-making position for the baby boomers of the crypto market.
Our anonymous author will like to warn you that, although he makes these recommendations, it's in no way financial advice. You should obviously do your own research, not give in to FOMO or emotions, and risk only what you're ready to lose.
"The best way to not get scammed is to stick to projects that have proven exceptional teams, high-value partnerships, and big backers that are committed to what they are doing."
Investing in trends is a risky game, and the AI trend is expected to explode in the near future. So, the best approach is digging deep to find the next $ETH or $BTC of AI. Almost all AI projects have at least multiplied by 3x already, and 50x overvaluations in the next bull run are likely.
Here are Black's recommendations for the most prospective and stable big AI projects at the moment:
He also suggests eight potential degens [P.S. Not recommended for newbies as they are projects with small caps, and a likelihood of scams, rug-pulls, and copycats.]
Check out the full blog for more recommendations, analyses, and the best investment strategies π
For an added advantage, I've selected the best reads from our site to give you an edge over other investors π
There's no way this juicy rundown didn't make you a better investor, so, you're welcome! Start the new week by sharing this to support other investors, and I'll see you tomorrow with more tips to help you make it with crypto π
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