| June Highlights Dear valuable clients,We aim to present you on a monthly basis some key insights which might be helpful for you. Overall take-home message: General Conclusion: Right now, the bitcoin price has found solid support in the $20,5000 area. While many expect it to fall further in the coming weeks due to poor market conditions, others believe that the markets usually do the opposite of what everyone believes. With the stock market currently predicting Bitcoin’s every move, at least in the short term, investors should look to Bitcoin to navigate the overall crypto markets.  1) What happened last month? As some analysts had expected at the beginning of last month, the bitcoin price actually fell below the $20,000 mark. After being around $38.5k on May 1, the bitcoin price fell below $27k over the next 12 days. While some expected an immediate drop, the bitcoin price actually moved towards $17k in the last few days. A major catalyst that caused the bitcoin price to fall below $30k was the untying of Terra’s algorithmic stablecoin UST and the subsequent complete destruction of the Luna coin. Reportedly, the Luna Foundation sold its Bitcoin reserves from more than 80,000 BTC to 313 BTC. As Bitcoin’s price plummeted, altcoins also suffered a massive drop. Most altcoins fell 75% or more from their previous all-time high. The ETH/BTC chart also moved to the disadvantage of Ether, indicating the potential risk that if the ETH/BTC price falls below the 0.055 support level, Ether could be put on funeral watch completely independent of its dollar price.Another important factor of the price plunge was the release of the latest inflation figures on June 10 in the US marked another 40-year high in consumer prices. This further unsettled the crypto markets. However, the main reason for the rapid price corrections was mainly the illiquidity of various players. Many of them felt compelled to dump Bitcoin and Ether on the market in order to get funds to pay off and service their loans. 2) Where do we stand? The last few days of May going into early June marked some relief for crypto assets. This was mainly due to the dollar index (DXY) coming down from its recent high, which has been close to 105 at times. By the beginning of June, DXY had come down to 102. A further drop to 100 would certainly lead to some more positive price developments across markets. One positive signal that is in the books already, is the fact that Bitcoin saw its first green weekly candle after the last 9 consecutive candles closed in the red. 3) Outlook: What could happen? Bitcoin price is currently in a tight trading range between $18k and $21k. A breakout from this trading range in either direction will depend on the broader markets, as Bitcoin is currently still highly correlated with traditional stocks. So while some believe that Bitcoin’s bottom is indeed at $25k-27k, others believe that the odds are high that Bitcoin will remain at current levels closer to $21k in the coming weeks. Such bearish expectations are mainly based on the fact that the macro picture for risk assets is still not rosy, due to the Federal Reserve raising interest rates over the summer months.  Offer This Month Tactical Coins @PTGR are an opportunity to boost your performance. We do a lot of research to find the best coins. Contact us: info@ptgr.chWe @PTGR help you to find the right moment.  How does Wonderland work? To participate in Wonderland, players need to acquire a Wonderland NFT. The game knows three different roles: Alice, Queens, and Cards. Each NFT represents one of three in-game roles and each role has unique skills and abilities. The goal of the game is to extract as many SHROOM tokens as possible from Wonderland. Shrooms Currency SHROOM is the in-game currency that allows players to enter, own, trade, participate, and govern in Wonderland. SHROOMS can be earned by playing the game and are used to mint new character NFTs, stake, trade, craft and upgrade. Additionally, SHROOM will also be distributed to NFT holders on a daily basis until the game is released.SHROOM has a maximum supply of 400’000’000. In each chapter of the game, a certain amount of SHROOMS is unlocked and released. From each in-game transaction, a small fee is charged. 50% of the collected fees are injected back into the game in various ways, while the other 50% are burned. Overall, this makes SHROOM a deflationary currency. A Cross-Chain Adventure Wonderland stands out from other NFT games, as it is not launched within one blockchain ecosystem only. Each new chapter of the game will be launched on a different blockchain. The first chapter is deployed on the Harmony blockchain, while the second chapter will be running on the ICE blockchain, a soon-to-be released parachain within the Dotsama ecosystem. The blockchains for chapter three and four will be announced once the game has successfully launched. The team’s goal is to take players on a thrilling cross-chain adventure. Not only will players learn about blockchain interoperability, but Wonderland has the potential to reach and unite a much larger user base as it connects otherwise siloed blockchain communities with each other. The game will be a test for the capabilities of blockchain interoperability and one of the first use cases of the ICE project, which is a Polkadot parachain and serves as an extension network and application hub for the ICON ecosystem.Wonderland stands out from other NFT games, as it is not launched within one blockchain ecosystem only. Each new chapter of the game will be launched on a different blockchain. The first chapter is deployed on the Harmony blockchain, while the second chapter will be running on the ICE blockchain, a soon-to-be released parachain within the Dotsama ecosystem. The blockchains for chapter three and four will be announced once the game has successfully launched. The team’s goal is to take players on a thrilling cross-chain adventure. Not only will players learn about blockchain interoperability, but Wonderland has the potential to reach and unite a much larger user base as it connects otherwise siloed blockchain communities with each other. The game will be a test for the capabilities of blockchain interoperability and one of the first use cases of the ICE project, which is a Polkadot parachain and serves as an extension network and application hub for the ICON ecosystem.  Investing in Wonderland Investing in an NFT game like Wonderland can be done in two basic ways. 1) Invest in Character NFTs: NFTs are needed to play the game and earn the in-game currency. Their value is connected to the current demand by existing and new players as well as their ability to earn in-game currency. Often, specific knowledge about an individual NFT is necessary to price it correctly, as it can differentiate substantially form other NFTs. Currently, Wonderland is selling its first 10’000 NFTs via public sale on their webpage, which can be a good opportunity to purchase NFTs at a fair value. 2) Invest in SHROOM: This is an easy way to participate in a game’s success. The more successful the game, the higher the demand for SHROOM tokens will be. Be sure to understand the tokenomics, allocations and release schedule to make informed investment decisions. SHROOM will be available for purchase as soon as Wonderland officially launches. Have feedback about The Monthly Wrap? Your opinion matters to us.Thank you for reviewing us on Google. Warm regards, PTGR A |
