Daily crypto opportunities: Extreme trading, guessing Avalanche’s movement, and checking the bridge

Happy Friday and have a great weekend! And to make sure you have a productive time, here are some noteworthy ideas.

Opportunity 🔔 1: Explaining how extreme trading works

A pretty popular project, Multichain, was hacked; it’s all over the news now. Its MULTI token has already lost about 12%. The crowd panicked and held a sell-off, but… the percentage of the asset’s fall is quite low. According to the exchange data, you can see that the tokens are being actively bought. What does that mean?

Example with FTT shows that there are players who actively picking up in their portfolio problematic projects, using market fright. Again, the example of FTT token shows that many projects experience a renaissance and then a dead token like that pops. So the launch of FTX 2.0 will increase of FTT many times over, and even now on the news of plans to relaunch FTX it shows +60% in the last month.

Of course, this strategy could be very dangerous. But the example of MULTI shows that there are such extremes in the market.

Opportunity 🔔 2: Avalanche slows down

AVAX/USDT is in consolidation. Buyers are probably gathering strength for a breakup. However, taking into account the current situation, P_S_trade analysts see possibilities for modest growth.

• The first target is $13.90 (+8%).
• The second target is $14.80 (+15%).

In the range of $13.90-14.80, those who a few months earlier stocked up, but growth did not work, and the deposit was in drawdown, can begin to get rid of AVAX.

Opportunity 🔔 3: Layer3 bridge – waiting for the extras

Layer3 – a platform of quests that allows anyone to open the Web3 world and gain new knowledge, and receive NFTs for these achievements. The project has raised $6.2M from Mirana Ventures, ParaFi Capital, Third Prime, and other funds.

The other day, Layer3 launched its own bridge built on Socket, on the principle of Bungee or Zapper. Their bridge is in fact an aggregator that looks for the best route among the various bridges and takes a percentage for providing assistance. The bridge is needed to make it easier to do quests on the platform when you need to transfer tokens to another network. However, it is not superfluous to use the service, as there may be rewards for activity in the future.

What to do

• Go to the link and connect the wallet;
• Make transactions and try to affect as many networks as possible;
• Complete new quests related to the new bridge.