Your Top Crypto Alpha #66
What's the best crypto alpha this week?
These posts are your gateway to our exclusive market alpha, top coins to watch, and latest technical analysis. They also keep our YCC Patrons ahead of the curve.
Here is this week’s alpha, curated just for you:
Latest Bitcoin price forecast
Three must-try farming strategies with airdrops!
Market tips of the week
Latest Bitcoin price forecast
TLDR: The world turned volatile this week, but Bitcoin didn’t. While hypersonic weapons are flying between Israel and Iran, Bitcoin remains above 100k without much concern for what is happening.
Oil and gold prices went up, but Bitcoin seems undisturbed. A drop into the 90k buy zone remains possible, but this becomes less likely as time passes.
The price visited our buy zone only once in early June and it lasted for less than four hours. This tells me buyers can’t wait to buy more if BTC dips. You should do the same.
Moreover, the fact that the past two weekly candles have such a thin body hints at an explosion in volatility soon. Ethereum has the same pattern but spread over five weeks. This is a compression in the price before fireworks start.
Either way, I am bullish in the medium term regardless of any short term volatility. Expect new record prices later this year. That will also be a juicy period for new airdrops and rewards across growing ecosystems!
Let’s discuss my top three next.
Three must-try farming strategies with airdrops!
Did I mention Spark is planning an airdrop? Spark is part of Maker DAO and will be one of the largest airdrops this year. Check your ETH wallets on this page to see if you qualify for SPK tokens. You can find the criteria here.
Spark is the team behind DAI, USDS, and Maker managing one of the largest DeFi protocols. If you had over 5k in stables in AAVE, Morpho, Fluid, Ethena, Curve, Pendle, or held USDS/DAI you are likely eligible based on the snapshot dates.
The SPK airdrop is basically free money. No date for the airdrop, but it’s coming soon. Stay tuned for that.
If you missed Spark, don’t be upset. I got three more airdrops to farm below. Let’s start!
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