🌟 Solana's time to rise and shine

Howdy, crypto fam! It's your buidlbee team here. We hope that you courageously endure all the hardships and surprises of the crypto market. Our faith is in you! Sooner or later, things will get better. All you have to do is wait skillfully. And our crypto community will help you do it with useful analytics and inspiring ideas. Here's what's on today's menu:

• Exploring the protocol upgrade for the BRC20 market;

• Why Solana started to grow quickly;

• Does AXS have a bright future? Let's take a closer look;

• Is Polkadot (DOT) getting ready to grow (technical analysis)?

• Getting NFT and sharing the pool from SecondLive and BNB Chain.

And now about the main events of the day (so you don't miss anything important):

• Trust Wallet supports the Sui blockchain and Toncoin (TON).

• Many users began to receive phishing emails pretending to be from cold wallet producer Trezor. The letters say that all ETH services have been shut down due to excessive load on the network. The link attached to the email directs to the phishing site (don't click on it!).

• Gaming giant Ubisoft will release NFT collectibles for Assassin's Creed fans. Integral Reality Labs has licensed the collection.

• Tether has announced that it will regularly allocate 15% of its realized net operating income to Bitcoin accumulation.

• Berenberg said in a research report that the U.S. Securities and Exchange Commission (SEC) would soon file suit against Coinbase, as well as Bittrex and Kraken.

〽 Anxious market tension

The U.S. Treasury Department warned again about the imminent deadline for reaching the U.S. national debt limit, and U.S. President Biden will return early from a visit to Japan for a personal attempt to resolve the issue. So far, there has been no decision on the debt issue, congressional sources say.

Against this backdrop, Bitcoin fell to $26k, and the price of gold plunged below the important psychological mark of $2000 per troy ounce.

🔝 Upgrade for the BRC20 protocol

Developers introduced a new tool for creating tokens on the Bitcoin blockchain — an updated version of Taproot Assets Protocol v0.2. Unlike the previous version, the new tool does not load the first cryptocurrency blockchain (as BRC-20 does), as it does most of the transactions offchain by using the Lightning Network.

This is a very important step forward, which, if widely implemented, will relieve most of the problems with Bitcoin network congestion.

A visualization of the price to confirm a bitcoin transaction spiking due to asset issuance popularity, from Mempool.Space

📈 Solana started to grow rapidly

We mentioned earlier that the Bitcoin and Ethereum networks were severely overloaded last week with a huge number of transactions. Unexpectedly, the beneficiary of this was Solana, which has seen a significant increase in the number of new users in recent days amid a significant increase in Ethereum and Bitcoin fees.

The $SOL token, which fell sharply last year amid the collapse of the cryptocurrency exchange FTX, has been gradually recovering since then, rising 109% since the beginning of this year.

😥 Huge amount of BTC lost forever

According to a new OnRamp study, $120 billion worth of cryptocurrencies have been lost so far.

That's the total amount of cryptocurrency losses due to "bad storage." This news is difficult to assess unequivocally: on the one hand, it speaks about many victims; on the other hand, it leads to an automatic increase in the value of the assets of those who continue to maintain control over their cryptocurrencies.

💲 Ideas

[1] 🔔 Does AXS have an exciting future?

The #AXS token is up 14% in the last 24 hours because of Apple's decision to put the Axie Infinity game on the App Store.

So far, the following is known:

• 'Axie Infinity: Origins' will be available on Apple's App Store in a select number of countries throughout Latin America and Southeast Asia.

• The game's creator is hopeful Apple's allowing users to play 'Axie Infinity: Origins' on the iPhone is a step towards wider adoption of Web3 gaming.

Given that the #AXE token is very cheap right now, it's a real opportunity to meet the expectations of the game's audience growth soon. The surge in popularity of meme coins in May hit the value of $AXE hard, but now it looks like the game has a chance for revenge.

[2] 🔔 Does DOT have the only way up?

The $DOT was in the "group of leaders" who were the first to break out of the prolonged downtrend. However, after a 2-month +90% growth in DOT, consolidation began, which lasts for the third month.

Roughly speaking, Polkadot has nowhere to fall. The critical level is $4.83.

According to the P_S_trade analysis, we can assume that wave (2) is close to the end. The next wave is the ascending wave (3), and the most conservative targets for its growth are in the range of $10-10.50 to $12.30.

[3] 🔔 Claiming free NFT from the SecondLive and BNB Chain

Marketplace SecondLive has decided to launch an NFT mint with a pool of $40,000. SecondLive is a create-to-earn open metaverse where web3 inhabitants gather here to facilitate self-expression, unleash creativity, and build a dreaming parallel universe. There are a lot of cool projects signed up for it on Twitter. The deadline to participate is May 20.

Steps to take:

• Go to the Galxe website.

• Connect a wallet and finish tasks.

• Then claim an NFT.

Keep going, and going, and going, with small steps - and to the moon! See you tomorrow, bros! 💪

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