Hello friends, we are delighted to announce the first issue of Whale Summary. From now on, in our weekly summary articles that will be published every Sunday, we will be sharing expert opinions about the market direction, blockchain developments that occurred during the week, and especially new updates in the world of NFTs and airdrops. We will explore these topics together. Enjoy reading
Regarding the market:
According to experts, the price of Bitcoin may continue its upward trend in the coming days. Based on historical data and technical signals, BTC’s targets include the $35,000 level, with potential to potentially surpass $41,000 and beyond. They are monitoring the 28,500 and 25,200 regions for buying opportunities during dips. However, please remember that the market’s news flow can have an instant impact on prices, so please keep the risk low
Bitcoin Cash (BCH) attracted attention by surpassing the $200 level with a 100% increase in the past week. Starting at $105, BCH experienced its first major surge mid-week and reached $220 by the weekend. The exclusion of Proof-of-Work cryptocurrencies from the U.S. Securities and Exchange Commission’s (SEC) investment contract classification and the opening of the cryptocurrency exchange called EDX Markets increased interest in Bitcoin Cash. The market cap of Bitcoin Cash exceeded $4 billion, making it the third most traded asset in the past 24 hours.
During this period, AVAX, a popular altcoin, may have significant recovery potential. If AVAX successfully passes a major test, it is expected to make significant leaps. The Chainlink (LINK) project may indicate future price movements based on Bitcoin’s performance. The Curve DAO (CRV) project is also mentioned as a project that investors should have on their radar. However, due to the fast and volatile nature of the cryptocurrency market, it is important to make investment decisions based on your own research and with caution.
Blockchain developments:
Terra Luna was considered one of the leading projects in the cryptocurrency sector. However, a recent collapse led to a decline in the value of assets such as LUNA and UST, resulting in significant losses for many investors. The Terra Luna debacle is still not fully clarified, and there has been no trial yet regarding Terra’s founder, Do Kwon. Recently, it came to light that Terraform Labs CEO Do Kwon had assets worth $26 million in Swiss banks, and Swiss prosecutors have frozen these assets. This development has provided a glimmer of hope for crypto investors who suffered losses in the Terra Luna disaster.
Garbage Friends collection has finally announced its release date, which will be on July 17th. The collection will have a minting fee of 0.05 ETH for Invisible Friends holders and a minting fee of 0.1 ETH for those who win WL (Whitelist) through an external quiz. Personally, I believe that while ETH network NFTs continue to lose momentum, this collection, despite offering short-term profit potential, may not deliver as expected in the medium term. There are a total of 24,000 Garbage University students, and only 2–3,000 individuals will be WL holders
While NFTs are struggling, Azuki continues to gain strength and announced their ‘Azuki Elemental Beans’ collection during an event in Vegas. They dropped two NFTs for their holders, and currently, both are not available for sale. I can’t help but wonder about the floor price of the collection, which will be released on June 27th.
It seems that the announcement has angered some members of the community who were expecting a token. As a result, the collection’s floor price depreciated by around 25% within hours, currently sitting at around 14.6 ETH. In response to the community’s reaction, they issued a statement on their Twitter account, and for now, it appears that they have resolved the situation.
The released animation for the Elemental Beans collection, which will have a total supply of 20k, is quite eye-catching. We are eagerly awaiting the details.
Hardly a day goes by without a new innovation in the Airdrop space. Zora has announced its own Layer 2 solution. As part of the Airdrop community, it is up to us to engage with this network and prepare for potential airdrop opportunities. You can find the details and necessary steps in the tweet below
Of course, while transacting on mainnets, we also consider testnet networks, and when conducting operations on the Base network, we assess the possibility of meeting the airdrop criteria for the mainnet transition. For this purpose, I am sharing Shawin’s detailed tweet below
As we approach the end, I would like to leave you with 2 alpha insights:
Firstly, I’m sharing a tweet written by Meriç (that’s me). In this tweet, I demonstrate how those who couldn’t secure a whitelist spot in hyped projects can acquire one through the Atlas3 platform without the need for expensive OTC groups.”
Secondly, this week’s final Alpha call comes from Müfettiş, of course. The well-known SolanaMBS project on the Solana network is releasing a second collection. The main collection, with a floor price of 210 SOL (around $3,570) at the moment, will have a supply of 8k. It will be available to 5k MSB holders, with 1k allocated for a holder-to-holder lottery and 2k through a ticket system. Müfettiş has provided detailed information about the ticket system, so without further ado, I will share the tweet below for you to find out more.
That’s all from me for this week, I hope you enjoyed it. I am aware that some of the sources are in Turkish, but in the following weeks, I will share content from foreign sources. For now, you can review the translated tweets. Don’t forget to follow us on Twitter and subscribe to the Whale Alpha YouTube channel with notifications turned on. You wouldn’t want to miss out on the content we share there :) Stay healthy
