On The Pulse - Edition #017
Welcome to On The Pulse, with Maui.

Hey everyone, welcome back to this week's edition of 'On The Pulse.' Thanks as ever to all who have subscribed and are reading this via email. If you're currently browsing, please consider subscribing! If you find today's newsletter valuable, please recommend it to a friend and feel free to suggest topics or ask questions on my Twitter @jordymaui.

🎓 Lesson of the Week: “Airdrops”

In the fast-paced world of cryptocurrencies, airdrops have become a popular method for distributing tokens to a wide audience. But what exactly are airdrops, and how do they work?

📦 What are Airdrops? 
Airdrops are essentially free distributions of tokens to holders of a particular cryptocurrency. These distributions can be initiated by blockchain projects, exchanges, or even communities as a way to promote their token, attract users, and increase liquidity. Airdrops can take various forms, including token giveaways, staking rewards, or even promotional campaigns.

🔄 How do Airdrops Work? 
The mechanics of airdrops vary depending on the project initiating them. Typically, users need to meet certain criteria to qualify for an airdrop, such as holding a minimum amount of a specific token in their wallet, participating in community events, or completing tasks outlined by the project. Once the criteria are met, users receive the airdropped tokens directly into their wallet.

💡 Why Conduct Airdrops? 
For blockchain projects, airdrops serve several purposes. They can help bootstrap a community around the project, increase token distribution and decentralization, and incentivize user participation. Airdrops also provide an opportunity for projects to reward loyal users and early adopters, fostering a sense of engagement and ownership within the community.

🚀 Participating in Airdrops: Tips and Considerations 
If you're interested in participating in airdrops, here are some tips to keep in mind:

• Stay informed: Follow project announcements and join their official communities to stay updated on upcoming airdrops.

• Verify authenticity: Be cautious of scams and always verify the legitimacy of the airdrop before participating.

• Protect your privacy: Be mindful of sharing sensitive information and use secure wallets to receive airdropped tokens.

• Manage your expectations: Not all airdrops result in valuable tokens, so it's essential to assess the potential risks and rewards before participating.

In conclusion, airdrops can be an exciting way to receive free tokens and engage with blockchain projects. By understanding how airdrops work and taking the necessary precautions, you can make the most of these opportunities in the ever-evolving crypto landscape. Keep an eye out for upcoming airdrops and explore new projects while staying vigilant in your crypto journey!

Major Headlines: "The Weekly Roundup"

📈 FTX customers could see 118% of their funds returned:

FTX, the cryptocurrency exchange, has proposed a bankruptcy plan that could see creditors recovering 118% of their money. This proposal comes after FTX sought protection from its creditors following significant losses in the wake of the collapse of cryptocurrency prices. The plan aims to provide a fair resolution for all parties involved, offering a higher recovery rate than initially anticipated. Read more about the details of this plan here.

🇬🇧 Revolut rolls out Crypto Trading for the UK:

Revolut, the digital banking platform, has rolled out its Revolut X crypto trading platform in the UK. This move marks a significant expansion of Revolut's crypto offerings, allowing users in the UK to access a wide range of cryptocurrencies directly through the Revolut app. With Revolut X, users can buy, sell, and trade various digital assets, further integrating cryptocurrencies into mainstream finance. Explore the details of this new platform and its implications for the crypto market here.

❌ Grayscale withdraws ETH ETF Application:

Grayscale Investments has decided to withdraw its application for a Ethereum exchange-traded fund (ETF) futures product. This decision comes amidst regulatory uncertainty and challenges in the crypto ETF space. Grayscale's move reflects the complexities and obstacles facing firms seeking to launch crypto ETFs, particularly those related to Ethereum. Dive into the details behind Grayscale's decision and the implications for the broader crypto market here.

📞 Vodafone to integrate wallets to SIM cards:

Vodafone, one of the world's largest telecommunications companies, is set to integrate crypto wallets with SIM cards. This innovative move aims to make cryptocurrency more accessible to Vodafone's vast customer base, potentially revolutionising the way people interact with digital assets. By integrating crypto wallets directly into SIM cards, Vodafone is paving the way for widespread adoption of cryptocurrencies in everyday transactions. Discover more about this groundbreaking initiative and its potential impact on the crypto industry here.

Maui’s Weekly Analysis of Charts

Dive into the pulse of the crypto market with me for a quick overview. If there are elements you don’t understand here, don’t worry – feel free to ask me questions on Twitter. Interested in a specific chart analysis? Let me know! I’ll also be holding weekly polls based on your suggestions. Anyway, here are this week’s charts:

₿ BTC (Bitcoin):

• Recent Price Action: Over the last 7 Days, $BTC is up 10% and back into our range - currently sitting at the $62,000 mark.

• Weekly Forecast: After dropping out of our range, BTC has made a recovery this past week and even rejected our mid-range level of $65k again. We are currently waiting for confirmation of a higher low to form for continuation of our uptrend and a reclaim of the highs.
  
  I’ll be waiting for the price action to settle and show a clear trend for now due to the volatility of this range. Overall, markets are choppy but it is certainly positive to see us reclaim this range in general - after dropping out last week. This could now be seen as deviation if the uptrend returns!

♦ ETH (Ethereum):

• Over the past 7 days, Ethereum is up 4% and is trying to hold $3,000.

• Weekly Forecast: After holding it’s range (unlike btc) ETH remains to be chopping at the lows and holding it’s $3,000 price.

  
  It’s certainly going to be a wait and watch week with CPI looming and markets still remaining choppy. Not a lot to update on for ETH!

Bitcoin Dominance (BTC.D) is at the range highs and could potentially break out again in what would be a miserable time for alts. After seeing the majority bleed out already, this could be a nasty summer if things go nuts for BTC.D.

As always, i’ll mention this: BTC.D up = Money is in Bitcoin, alts bleed or stay stagnant. BTC.D down = Money flowing into alternative coins & bitcoin ranges or bleeds out.

Now, let’s give an update on the altcoins we’re still looking at each week.

(same notice as last week) For now, I will be accumulating at whatever DCA prices and aiming for our same targets in the future. I will keep this section of the newsletter in order for you all to track what I’m buying (regardless of how low it goes) but not updating weekly areas until things bottom out and recover!

/ AVAX (Target of $50+)

/ SOLANA (Target of $180+)

/ INJ (Target of $54+)

/ SEI (Target of $1.30+)

/ MAVIA (Target of $12+)

/ RNDR (Target of $12+)

/ LINK (Target of $24+)

/ MATIC (Target of $1.50)

/ NEAR (Target of $10+)

/ TIA (Target of $24+)

/ FET (Targets of $4+)

/ TAO (Targets of $850+)

/ WIF (Targets of $10+)

/ APT (Targets of $30+)

If you would like me to take a look at any specific charts or go deeper into anything, please feel free to reach out to me on twitter or email!

📰 The Summary: From Crypto Trends to NFT Buzz

Each week, we will end the newsletter with a really brief TLDR (Too Long, Didn’t Read) assessment of what’s been going on this week across Crypto and NFTs. I hope this section provides additional value for those who read!

Crypto:

• 🦀 Market Trends: Chop, Chop, Chop! Back in the range.

• 📈 FTX Customers refunded 118%: Customers who were with FTX during the crash could see up to 118% of their funds returned to them.

• ❌ Grayscale withdraw ETH ETF: Due to a lack of market interest, grayscale have shocked everyone by withdrawing their ETH ETF.

• 🇬🇧 Revolut debuts Crypto for UK: Popular internet bank Revolut have began their crypto exchange, available for all UK customers.

• 📌 Robinhood battle the SEC: Robinhood were handed a wells notice this week by the SEC in their next targeted battle.

NFTs:

• 🐰 FriendTech Airdrop Disappoints: After a hugely hyped airdrop and many thinking it would pump - it went down only...

• 🎲 Fantasy Top goes crazy: The new game built on blast sees mega volume entering the top 10 gas guzzlers!

• 🚗 Dodge Surges as Tesla shop accepts it as payment: Dodge is up 20% after Tesla resume accepting it as a payment method.

• 🔄 DeGods Solana Bridge Re-Opens: The popular NFT has reopened its bridge for holders to swap back from ETH to SOL.

• 📺 Azuki Anime gets released: The hugely anticipated Azuki Anime has dropped and the NFT project has surged after it performing well.

And with that, we’re wrapped up for another week. If you have any suggestions for lesson of the week, please let me know! If you enjoyed this weeks newsletter, please feel free to support by following me on twitter @jordymaui

Until next time!