A dose of positive: the incredible growth of BTC and new vectors of market growth (+ noteworthy signals)

Hope you're having a great Thursday, crypto fam! The buidlbee team is back in touch. In our new review:

• we show the incredible progress of Bitcoin — sometimes it's important to follow not only the price to understand the trend;

• a successful case of playing against the crowd on the example of USDC, and finally;

• the fastest-growing sector of crypto today, which grew by 250% in the last month;

• three interesting signals that could potentially bring profits.

P.S. You will also find a raffle at the end of this letter.

Want to know how you can make money from token unlocks? We will give a practical guidebook, "How to make money from token unlocks," to everyone who invites 1 friend to subscribe to the buidlbee newsletter!

New dose of ideas and insights from the crypto market

Bitcoin on steroids

The statistics from Bitcoin are pleasantly surprising; almost any metric taken shows very strong growth:

• The network's hashrate set another historical record of 318.25M TH/s. This is an indicator of mining investor sentiment.

• The maximum block size was reached in March. The top 10 largest blocks in the history of Bitcoin were mined in 2023 (a direct result of the Ordinals).

• The number of transactions in mempool BTC exceeded a three-year high, which indicates record activity in the network.

• During the last 2 months, the total number of new $BTC addresses increased by 1.71M, which is a 5% growth.

• Recall that yesterday we saw the highest price for BTC in the last 273 days.

• Bitcoin's dominance continues to increase smoothly and is close to 50%, which is another sign that the bull run is coming. Watch out; in the event of a real bull run, the dominance will quickly go to around 55-60%.

Market Equilibrium

Yesterday we suggested that after the rapid growth of the market, the bulls and bears will inevitably look for the equilibrium point, and that is exactly what is happening now. The long, continuous growth is harmful to the market; according to trading classics, the wave should rollback and test the previous levels, proving their resistance. Three days of strong growth led to the pullback to the level of $24k, where the market re-tests the level today.

As you can see from the chart today, there is parity between the rates on the long and short, which means that we have temporarily reached a consensus in the market at the current price.

Where to invest — sharing the trend

We continue to share trading ideas on how to make money (not just on Bitcoin), highlighting the most active areas of the crypto sector. For a start, two facts:

• Decentralized exchanges have seen an average 250% increase in trading volume over the past month.

• Last Friday, decentralized exchanges reported an all-time record daily volume of $25 billion. Most of the volume came from Uniswap and Curve.

The more uncertainty and volatility, regulation, and FTX-style crashes there are, the more people go to DEX for good. And now look at this final graph of the growth in trading volume on DEX:

As a homework assignment, take a look for yourself at the growth of exchange tokens from the leading DEX and draw your own investment conclusion.

How smart money plays at the USDC depeg

We have recently experienced loud trouble with stablecoin USDC pegging. Here are two facts:

• Circle Financial lost two bank partners who held reserves to back coins in two weeks.

• USDC has lost more than $3 billion in market capitalization in the last 7 days.

It is clearly understandable why USDC lost its peg to the dollar and why the ever-nervous crowd rushed to sell USDC at any price in order to get out of this asset urgently.

In the face of these events, others are buying DIP as usual:

• Tron founder Justin Sun made $3.3 million from the USD Coin (USDC) March 11 depeg, buying coin at the very bottom, according to on-chain investigator Lookonchain.

• Peckshield reported that a wallet connected to Ethereum co-founder Vitalik Buterin also bought the DIP, made purchases of $378,500 USDC and $50,000 DAI.

This case clearly shows that every coin has two sides. And if the crowd steadily loses on any crisis, the whales also steadily earn on the same event. Which side do you choose to be on?

👉 Opportunities

[1] 🔔 Urgent to sell #SHIB and #BONE

The project has problems that could grow into even bigger problems soon:

• Shibarium is suspected of plagiarizing Rinia (the team did not change the network ID, which was exposed).

• In addition, it is established through a blockchain explorer that the project team unlocked a Shibarium #BONE token worth $5 million. A major sale and dump in this market is very likely in the coming hours.

• Against this background of swearing and accusations between project participants, which could end badly for the project.

[2] 🔔 Walken gives away prizes

Walken is an NFT game with which you can walk, run, and actively spend time earning crypto tokens (WLKN). To celebrate the anniversary, the project has launched a number of activities for which you can get tokens or in-game items, as well as a coin raffle.

CAThlete Fusion. The event will last for 7 days or until the moment when all fusions run out. Fusion is basically exchanging the CAThletes you own for a brand new one, fresh and ready to compete. Over the 7 days of the event, you’ll have a chance to use the magic portal and exchange up to 5 NFT CAThletes for one new CAThlete at a time.

How to fuse 👇

Walken Runner 2.0. Here are the steps you need to take to win prizes:

1. Sign in with your Walken account via email to connect your Walken Wallet;

2. Start a race (your 5-energy pool buys you 5 races before it needs to be refilled);

3. Grab as many crystals as possible on the way and pass through all green gates to beat the Boss and get a treasured ticket;

4. Collect and exchange tickets for a chest with $WLKN, GEM, Crystals, and Mysberries rewards inside;

5. After a while, open the chest and get your reward straight to your Walken account.

Giveaway. The promotion will run until April 1 (the distribution will be completed until April 10). Prize pool: $100,000 WLKN and 60 lootboxes. Enter here.

[3]🔔 Rewards from Minima

Minima, the decentralized Layer-1 blockchain, is designed to run in full on a mobile or IoT device. The main feature of MINIMA is that the developers want users to be blockchain owners at the same time. This is not yet achieved by most cryptocurrencies. Moreover, absolutely anyone can become a validator.

The project appeared in late 2018, and as early as the summer of 2022, Minima network had 120,000 full nodes, which surpasses the number of Bitcoin nodes.

Experts predict that MINIMA's price may rise after the listing, but not significantly, and probably continue to hold near the presale value of $0.21-$0.30.

Everyone who verifies will receive a bonus of 50 MINIMA on top of what they have already earned by participating in the Rewards Program. Until March 21, there will also be a daily distribution of rewards (1 coin per day from the first launch of the node).

The listing of WMINIMA (wrapped MINIMA) will take place on March 21 at MEXC Global. Listing on Bitfinex has also been announced.

The public presale began in February 2023. It runs in several tranches, with the first tranche open exclusively to existing incentive program participants on February 14. The presale is still available (the link is here).

There will also be a 166,667 WMINIMA airdrop after voting on Kickstarter, initiated by MEXC Global. Users can stake MX tokens to participate in voting and stand a chance to win free project airdrops.

Answer a quick question and get a chance to win ETH tokens.

What will be the bitcoin price on March 17 at 12:00 UTC❓

The prize will go to the person who comes closest to the real figure. We will announce the lucky winner in our next newsletter. Go for it!

Thank you for subscribing to the buidlbee newsletter and reading it carefully. See you tomorrow!

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