❤️‍🩹 Week's crypto drama: A recap and perspective

Looking back at a week brimming with significant crypto developments, upcoming token releases, airdrops, and valuable insights from the Creators Agency team.

Hello, crypto enthusiasts. Get ready for today's buidlbee team newsletter, exploring the latest developments, emerging trends, and valuable insights in the digital asset realm. Here's a sneak peek of what's in our next edition.

  • Highlights from the previous week featuring CoinList, Kraken, and Coinbase.

  • Insights from the Creators Agency team.

  • Key cryptocurrency market indicators to watch in the upcoming week.

  • XRP price takeoff.

  • DOGE’s near future.

  • Taiko’s testnet quests.

Let's start by examining the hottest events from last week. We've got a lot to cover.

Web3 data network Subsquid is launching an incentivized testnet on CoinList, distributing rewards from a 2% token supply allocation. Participants, both technical and non-technical, can earn tSQD tokens by completing tasks like building squids, testing features, and community engagement.

The top 4,000 participants will receive SQD rewards at the mainnet launch. Worker node operators will earn rewards based on node count, uptime, and community engagement, with 133 workers getting 100K SQD each.

Where to hold a crypto quest to attract an audience to the project. Four venues from Vera Voron

In the dynamic world of web3 gaming, crypto quests have emerged as a potent tool for building a thriving community right from the project's inception. As the CEO of Creators Agency, I'm excited to share some valuable insights and strategies for a successful crypto quest.

Top venues for crypto quests:

  • Layer3 demands an audit and fee but ensures quality engagement.

  • Galxe provides a straightforward and economical approach, ideal for giveaways.

  • Zealy and Gleam are alternatives, with varying levels of trust and engagement within the crypto realm.

Read more on Mirror and Publish0x.

Cryptocurrency exchange Kraken plans to expand into stock and ETF trading through its new division, Kraken Securities. Eligible clients will have access to stocks, cryptocurrencies, and ETFs in their portfolios. Kraken is targeting the US and UK markets but awaits regulatory approvals, including FINRA registration in the US.

This step narrows the divide between conventional and digital assets, providing a broader array of choices and incorporating cryptocurrencies into the mainstream financial system.

Checklist: How not to lose hundreds of thousands at the launch of a new product (by Dmytro Voloshyn)

Launching a new product is nothing short of an art, and I'm here to share some golden insights that can guide you through this journey. As the CMO of Creators Agency, I've had the privilege of witnessing successful product launches, and I'm excited to help you achieve the same level of success while saving valuable time and resources.

🚀 Key Steps to Success:

  • Collaborate with Business Experts: Don't go it alone. Partner with individuals who bring business and marketing expertise to the table. This balance between technical know-how and business acumen is a recipe for success.

  • In-depth Niche Analysis: Dive deep into market research to understand your target niche thoroughly. This will allow you to refine your product to fit seamlessly and gain acceptance.

  • Competition and Market Assessment: Evaluate the competitive landscape and market volume. Identify your unique selling points and potential customer base. Knowing your edge is vital.

  • Financial Planning: Prepare a robust financial plan that considers various scenarios and allows for budget adjustments. Being financially prepared is key to weathering uncertainties.

  • Customer Engagement Pre-Product…

You can find the full article on Mirror or Publish0x.

Coinbase Exchange will remove 80 non-USD trading pairs for select supported assets to boost market efficiency and consolidate liquidity. Trading on these pairs will cease on October 16, 2023, at approximately 3:30 PM ET.

Coinbase.com Advanced Trade users in eligible regions can still trade these assets in more liquid USD order books using USDC balances. Additionally, Coinbase Exchange users can opt for USDC unification, enabling trading in both USD and USDC order books with their USDC balances.

This move aims to streamline the platform, improve market health, and impact the broader cryptocurrency market landscape.

🔑 Key crypto market highlights (October 5 — October 12)

The upcoming week is full of captivating events you won't want to miss. Here's a carefully selected list of highlights to keep an eye on:

💲 Ideas

[1]🔔XRP price takeoff

Popular cryptocurrency analyst Dark Defender predicts a significant 32% surge in XRP price in the upcoming week, with a target of $0.66. This bullish forecast stems from XRP's recent price action, which resembles a mid-July breakout.

Dark Defender highlights the crucial Fibonacci level of $0.6649 as the target, a figure derived from the Fibonacci sequence—a mathematical pattern observed in nature and finance. If this prediction holds, XRP, currently trading at $0.50, could witness substantial gains.

At the time of writing, the asset is trading at $0.5232.

[2]🔔DOGE’s next stop is…

According to the technical analysis, DOGE is poised for a significant rise soon. The asset is currently in the accumulation phase. The trader plans to open a position if the price retests $0.052.

Should the price continue its upward trajectory and breach the trend line, another long position could be opened. In this optimistic scenario, the token could potentially soar above $0.1035.

*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]🔔Taiko’s new testnet quests

Taiko reveals new fifth-phase testnet quests, backed by a $22 million Seed round. The project is poised for further expansion, including the introduction of the $TKO ecosystem token. If a drop occurs, quest completers may have a chance to claim it.

Here are the steps:

  • Go to Galxe and connect your wallet.

  • Join the Discord and complete verification (you need to obtain the "Human" role).

  • Follow on Twitter and retweet the post.

  • Open the video, set it as your background for a few minutes, and receive a Mystery Box for it.

  • Read two articles (1 and 2).

  • Join the Mintpad Discord and follow on Twitter.

  • Go to Mintpad, click on "Sign Up," and create an account.

  • Connect your wallet to the account.

Quiz Answers:

  1. A Concise Dive into Taiko questions — C, B, C, D, C.

  2. Cross-chain communication exploration questions — C, B, B, D, C.

Earned points can be claimed through Galxe after some time. Good luck.

Thank you for your continued support of our newsletter. Stay engaged for upcoming editions, where we’ll bring you thrilling updates and deep dives into the intricate world of cryptocurrency. Until then, immerse yourself fully in every facet of your crypto journey.

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