Daily crypto opportunities: What’s going on with altcoins, BNB breakout, and Maverick airdrop

Embark on an exciting journey into the realm of crypto opportunities alongside the buidlbee team. With each passing day, we unlock the potential for wealth generation and financial growth. Today, we are thrilled to share our latest discoveries with you.

Opportunity #1: What’s going on with altcoins?

We’ve been writing a lot about Bitcoin lately, which makes one wonder if there is anything other than Bitcoin and Ethereum in the market today.

Altcoin’s season is showing low value, though some growth is noticeable. In addition, Bitcoin’s dominance has peaked over the past year. Right now, the indicator is fluctuating between a value of 10 and 12, which is quite low. Let’s try to understand: does it mean that we can forget about altcoins for a long time?

At the moment, there are three conditional blacklists for altcoins to avoid because of the uncertainty of their fate:

• Old big altcoins from the recent SEC list, such as Cardano (ADA), Polygon (MATIC), and Solana (SOL). Most of these coins are on PoS-type blockchains and are now being delisted en masse by major exchanges, negatively affecting their capitalization.
• Coins related to privacy were hunted by governments as early as last year. Zcash, Monero, and Dash are examples of such assets. This type of asset is also delisting and actively losing its capitalization.
• Another very volatile and questionable market is meme coins, which are dangerous for the long term. Recent events show that this market is very manipulable; a lot of whales are actively working in it, and the end result is unpredictable.

If you consistently apply all these rejection filters, then there are not many worthy altcoins to choose from. As a rule, these will be new-generation coins, which just haven’t managed to make enemies on the market or create history yet. SUI and Arbitrum (ARB), the stars of early 2023, are shining examples of this new wave.

In conclusion, we add one more argument. Analysts at K33 Research modeled various baskets of popular altcoins. Their fresh analysis shows that all of these options lost out to just holding Bitcoin at the end of the first half of the year. The analysis shows that the “buy and hold only Bitcoin” formula outperforms altcoins in the long run. So altcoins only made sense over short intervals for jewel-like speculation on some special events.

Opportunity #2: BNB possible breakout

According to WalterMoon’s technical analysis, the token has undergone many changes recently:

— first, it bounced up from the support zone and moved up to the resistance level;

— then rebounded and even dropped below the support level;

— then began to rise near the support line and then reached the resistance level again;

— later, it declined and reached a new support line.

Recently, however, the coin bounced upward, thereby exiting the pennant pattern (a period of consolidation is followed by a breakout), and according to the expert, it continues to grow. The minimum target is $243.5.

*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

Opportunity #3: Maverick airdrop

As we mentioned above, Binance will list the token on its platform on June 28. Earlier, the project team announced an airdrop and rewards for liquidity providers, which will give away 617M tokens.

Criteria for participation in the Maverick Ecosystem Incentive Program:

• Liquidity Providers;
• Owners of the Maverick Warrior role on Discord;
• Voting on Snapshot (for NFT MAVA holders);
• Trading volumes on the site via the UI;
• Maverick MAVA NFT holds. Four categories for different events.

There is only one activity — providing liquidity on the site and interacting with the project. Good luck.