Here’s what to expect from SHIB and the Trust Wallet

What's up, guys? Happy to see us? We're very excited! In today's newsletter, the buidlbee crypto community team has put together the juiciest nits for you. Here they are:

• Highlights from the Coinbase study on macroeconomics;

• The real meaning of inflation in the U.S;

• Important updates on Trust Wallet;

• SHIB may soon face a price spike: reasons;

• Instructions on how to get Sui Odyssey NFT;

• Opportunity to make money on Klaytn tokens (KLAY);

• And the new crypto raffle - just answer a simple question!

🥳🥳🥳 Congratulations to our other quiz winner. Hey, SIE ISSA OUATTARA, we hope you're happy (and you correctly specified your wallet to receive tokens)!

To warm up, let's take a quick run through the main news:

• The number of Bitcoin addresses with 1 BTC on the balance has reached 1 million;

• Exploiter returned 90% of the hacked funds to the Sentiment decentralized credit network (about $1 million in various tokens were stolen).

• Huobi has partnered with Gala Games and Rock DAO to launch GameFi Token ROCK.

• Polkadot 0.9.41 has been released. The day before, the main network of the Polkadot Moonbeam smart contract platform experienced a failure, and new blocks were not produced for more than an hour and a half.

• Binance rejected an offer to acquire Justin Sun's stake in Huobi. The offer was made to Binance CEO Changpeng Zhao (CZ).

📜 Macroeconomics from a Coinbase study

The main conclusions from a new Coinbase Insto study:

• On the macroeconomic front, the end of the Fed's tightening cycle is near — a move that should be very positive for risky assets.

• It is highly likely that there will only be one interest rate hike in 2023. An abnormally rapid rate hike could be replaced by an equally rapid rate cut.

• We are already seeing increased risk appetite in the cryptocurrency markets; we can see that investors are switching from stablecoins to BTC and other tokens. Stablecoin's market share has fallen from 14.5% to 11.2% in the past three to four weeks.

• In addition to the wave of capital flowing into BTC and ETH, we are starting to see interest in altcoins.

• Coinbase itself is planning to enter the international transfer market, trying not to depend solely on the U.S. market.

🏭 What is real inflation in the United States?

Dynamics of the value of the U.S. dollar in gold, 1840-2020:

The vertical line is the mass of gold in ounces that could be purchased for $1. In 1933, the U.S. abolished the gold standard.

🆙 Trust Wallet and MetaMask have updates!

One of the most popular crypto wallets has announced some interesting innovations:

• Trust Wallet is adding crypto to fiat exchanging right in the app. For this, Trust Wallet teams up with Ramp and MoonPay to provide the conversion.

• To improve usability, Trust Wallet has added an encrypted Safety Snapshot cloud backup feature. This new feature will allow you to restore the wallet in the event of the loss of the seed phrase.

• MetaMask Wallet launches an experimental fraud alert function, trying to automatically detect a dangerous situation for the user.

• MetaMask recently added support for NFT, so life just got easier!

 🍾 Don't miss a good trade

In March 2023, the Shiba Inu network saw the highest unique address activity of the last year. In recent weeks, events have been happening that allow you to make money on the pumps of this meme coin, and here's a new opportunity.

Shiba Inu meta-universe advisor Marcie Jastrow assured the community that the “SHIB: The Metaverse team” will provide feedback on the progress of the meta-universe project in a week. There are hints of good news, so we can well expect an opportunity to successfully speculate on the price of this asset soon.

You can also get access to exclusive analytics. The private letter "Deep analysis and market insights" is coming out every Saturday. Our Chief Analyst shares valuable and practical information. All you need are three referrals! ☝

👉 Opportunities

[1] 🔔 Interesting IDO in crypto AI

Seedify is launching ChainGPT, an AI solution for crypto and blockchain. ChainGPT is a specialized bot that studies blockchain and analyzes the cryptocurrency market. This AI is capable of writing simple smart contracts and checking someone else's for errors; in addition, it is able to give basic statistics on various blockchains, find insights, and give trading advice. Considering that this is only a beta version, we are waiting with great interest for the fully functional version of the tool, which will be available only for CGPT tokens.

In the meantime, there is a great opportunity to participate in ChainGPT's initial decentralized exchange offering (IDO), which will start on the evening of April 7, 2023.

[2] 🔔 Fewcha Move Wallet's Sui Odyssey NFT giveaway

Fewcha Move Wallet is a pure Move-based wallet that supports Aptos and Sui. As part of a special campaign to celebrate the launch of the Sui Permanent Testnet, users can win a limited edition Fewchariana Jones - Sui Odyssey NFT. This drop may be a must-have for future drops from Fewcha.

What you need to enter:

• go to the website,

• connect the wallet,

• go to Discord and join #sui-wallet-submission,

• send your wallet address.

Detailed instructions on how to set up a wallet.

[3] 🔔 Pay attention to Klaytn (KLAY)

Klaytn (KLAY) is South Korea's leading public open-source blockchain for the metaverse, play-to-earn gaming, NFTs, and creator economies.

KLAY/USD is consolidating after the strong drop in February, preparing for the last decline on the way up (a similar pattern was observed in mid-November-December).

According to TradingBrokersView analysis, you may buy KLAY if the price breaks below the short-term channel and near the bottom of the long-term channel upwards, or if it breaks above the short-term channel first. Target: 0.41500 in both cases.

On the Relative strength index (PSI, 1d), we can see the similarity between the two patterns more clearly. The closer the buy is to the oversold RSI 30.00 level, the better.

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

Will Bitcoin drop to $25,000❓

DYOR, avoid emotional decisions, follow your original plan and stay cool! See you tomorrow 👋👋

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