Thursday, July 8, 2021

Weekly Update / Discussion (04/07)

Welcome to our weekly updates! As some of you might have noticed, we've brought some changes to the weekly updates. Primarily, we've added a list of upcoming airdrops for the week, as well as an important news section which doesn't specifically cover the week but more the upcoming future, as many say: buy the rumor sell the news".

For finding crypto with the best APYs % feel free to use [this spreadsheet](https://docs.google.com/spreadsheets/d/1vpBQI2DFUk7zXS4TCs9ZOnatvWHiYf5jHjKgKpfJG5Y/htmlview).

Credit to u/ashtonlaszlo for sharing it with us.

Weekly proof of stake crypto recommendations:

-$ADA under $1.4

-$BNB under $305

-$TRX under $0.065

-$LINK under $20

-$VET under 0.10

Weekly other crypto recommendations:

-$BTC under 34.5k

-$ETH under $2.25k

-$XRP under $0.65

-$DOGE under $0.22

-$XLM under $0.24

-$LTC under $130

Upcoming Airdropfor the week (you can participate in these through the [CoinMarketCap Airdrop Calendar](https://coinmarketcap.com/airdrop/) :

-Darwinia Network ($RING)

-ByteNext ($BNU)

-FAN8 ($FAN8)

-GAMEE ($GMEE)

-Flourishing AI ($AI)

-CrossWallet ($CWT)

-MoonEdge ($MOONED)

Important News/Events:

- Coinbase sees stock rise from $235 to +$250 after announcing they would be changing their model and start adding as many cryptos as they could. Maybe they could announce lowering their fees in the future.

- Israel sets an order to seize potentially millions of dollars in cryptocurrency from addresses it says are controlled by Hamas. Their wallets contain various cryptocurrencies with the majority being: BTC, DOGE, ADA, XLM, XRP (-6.61%), ETH (-8.08%)

-It's official, Bitcoin will become a legal tender in El Salvador from the 7th of September. The country will be giving away $30 to all of its adult citizens if they sign up with the country’s sponsored cryptocurrency wallet app, Chivo.

-Elon Musk and Jack Dorsey agreed to have a talk about Bitcoin, which will take place on the 21st of July. This could be the make or break of our 30-40k pattern.

To be honest, all cryptos are at great entry prices right now. I recommend dollar-cost averaging in case it was to break the resistance and fall lower. Especially if Bitcoin we’re to break its 30k support. This moment is very crucial for the crypto market, the two key points I’m looking at are the 30k point and the 38k point. Falling under 30k could signify a fall into the mid-low 20k s, closing over the 38k point could mean a break in the pattern and a push back into the 42k-50k levels. Lmk if you want me to add any other crypto, or if you have an idea I could add to these weekly updates.

HODL, and have fun!

Hope this helps!

contact the mods here:

u/ashtonlaszlo

u/PunkPrince66

r/rewardsforcrypto


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