🧯 Extreme FUD around Worldcoin: Is it really too late?

Hey there, our crypto enthusiasts and fellow hodlers! Get ready to stay ahead of the game with the buidlbee electrifying newsletter. Whether you're a seasoned trader or a curious newcomer, this is your one-stop destination for all things digital currencies and Web3. And this is today’s menu:

• Expert poll: what will BTC cost at the end of the year;

• A user-focused DEX with interesting tools;

• Worldcoin: assessing the prospects;

• Technical analysis of Worldcoin ($WLD);

• Preparing for the Zora retrodrop;

Here are some major news items:

• Yuga Labs has announced a license called Made By Apes. It's sort of an extension of their IP, but on a legal level. That is, you produce a product related to one of Yuga Labs' collections, then request an official endorsement of your activity and get a Made By Apes "badge."

• Polygon has become a partner of the Central Bank of Italy in the development of the DeFi ecosystem.

• The protocol on zkSync's EraLend network is hacked, with losses totaling $3.4 million.

• The small island nation of Palau is experimenting with a national dollar stablecoin running on Ripple.

📔 How is DeFi doing today?

After BTC reached the $30k level and started a positive July, the DeFi sector immediately revived. So in the last 30 days, DeFi TVL has increased by 7% (to ~$49.9B).

💱 In search of the ease and convenience of trading cryptocurrencies on a DEX

Both newcomers to the world of cryptocurrencies and experienced users can get confused when they need to make a swap or exchange in a completely incomprehensible and uncomfortable DEX. And most of them are. However, CrowdSwap has taken care of us, mere mortals, with its user-friendly and easy-to-understand interface. CrowdSwap focuses on providing a seamless and convenient trading experience, even for those unfamiliar with Web3 and crypto.

1. To simplify the DeFi experience, CrowdSwap has developed the portfolio manager feature, which provides user-friendly functionalities for seamless access to assets, transaction execution, and on-chain data insights. The portfolio manager also offers trending information to help users navigate the dynamic crypto space effectively.

2. CrowdSwap's best rate routing mechanism allows users to get the best rates on their swaps. The platform analyzes liquidity pools within a single chain and prioritizes pools with substantial liquidity. It also constructs a model or graph of the interconnections between liquidity pools across different DEXs. By consolidating necessary transactions into a single, streamlined transaction, CrowdSwap optimizes the whole process.

Check out all the benefits of the platform at this link.

💲 Ideas

[1] 🔔 Evaluating the prospects for WLD

Is it worth adding WLD to your portfolio? Let's break it down.

• Santiment notes the extreme FUD around Worldcoin. WLD is now among the top most socially active coins.

• Queues have formed in many cities around the world; people are scanning their irises in exchange for Worldcoin project tokens. People in ex-Twitter post pictures with huge queues for scanning now. Recall that each user is granted with 25 WLD ($55 at the current exchange rate) for verifying their identity.

• The company is still keeping silent on exactly how many people have been scanned, but according to Reuters, the count is in the millions. According to the official statement, every 8 seconds, a new person is identified in Worldcoin.

What will determine the growth rate of the project?

• Many confirm that the number of Orbs is not enough; this is the bottleneck for attracting new users. The user base will grow many times faster if the project expands the number of orbs and makes its geographical presence wider. The company has already stated that it is addressing this problem, with the goal of having about 1,500 orbs in operation by the end of 2023.

• The second potential problem for taking over the world is the stance of regulators. The UK has already launched an investigation into the collection of citizens' biometric data. Some lawyers in the U.S. can't even decide if such actions are legal; despite the voluntary nature of all actions, the situation is beyond the description of current laws.

The general conclusion is that, apart from the rapid growth of the project, there are risks that need to be taken into account.

[2] 🔔 Rushing onto Worldcoin isn't worth it just yet

The Worldcoin (WLD) project has attracted a lot of attention over the past few days. Despite this, analyst pejman_zwin advises not to rush to pour your savings into these tokens.

According to him, in terms of the Elliott Wave Theory, Worldcoin is completing corrective waves. Currently, the token has managed to complete the main wave B with the "Rising Wedge" model.

The analyst expects that after the completion of the pullback to the bottom line of the "Rising Wedge" model, confirming the beginning of wave C, the token may fall at least to the support zone of $1.913-$1.850.

*Any technical analysis, in the long run, cannot accurately predict the movement because now is a very tough market and the news can swing currencies in all directions.

[3] 🔔How to prepare for a potential Zora retrodrop

Zora is a platform for creating and trading NFT collections. The project has raised $60M from Coinbase Ventures, HAUN Ventures, and Kindred Ventures. There are rumors of a snapshot later this month, so it will be good to warm up at least a couple of accounts in anticipation of a potential retrodrop. It will take approximately $15 to boost the activity of one account.

How to do it:

• Bridge with the official bridge;

• Mint 5 or more different NFTs - 1, 2, 3, 4, 5;

• Create your own NFT here;

• It is better when the created custom NFT is minted;

• It is recommended to make 3-5-7 different active days.

Time to sign off, crypto fam! Remember to keep HODLing those coins and riding the crypto waves like a boss! Stay bullish, stay savvy, and keep capitalizing! Peace out! 🚀💸✌️