_{Authors: Trav and TheOpenChain}

Market Movers: April 22

Delivering the most relevant and crucial info you need to win this coming week.

Not to worry, we will still be delivering high quality alpha and deep dives that you’ve come to trust. This is just another way to help us all grow.

Let’s get into it.

1. Bitcoin Price Overview

• Chart Insight:

  • Last Week's High: $65.6k

  • Last Week's Low: $60.2k

  • Weekly Volume: Down from last week, LOWEST VOLUME DAY IN OVER 2 YEARS.

  • Daily RSI: 50. Neutral. (Oversold < 30, Overbought >70)

  • Support Levels: $60k is the nearest and strongest level of support.

  • Resistance Levels: $70k is the nearest and strongest resistance.

2. Sector Overview

We are seeing a beautiful bounce this week so far with all assets jumping almost 5%.

Notable High Performers:

• BSC and Binance Chain

• MemeCoins

• StableCoins

Notable Low Performers:

• AI Projects

• Telegram Bots

• NFT’s

3. Token Performance

Best and worst performers over the past week:

4. VC Project Funding

Top Projects that received VC funding last week.

5. Crypto Market News

• Catalysts and News events for this week:

  • CPI Report to be released May 15

    • Relevance: Expect high volatility and price swings this day.

  • Maverick V2 Launch May 14

    • Relevance: lets users swap for BTC and buy Runes and Ordinals with their Magic Eden wallet.

  • $AEVO $1 Billion Token Unlock May 15

    • Relevance: With a large portion going to the team and initial investors. May see a corresponding price drop.

  • Airdrop Opportunity: Stake Sol on Sanctum

    • Relevance: One of the most rapidly growing protocols on Solana at the moment.

  • Immutable Launches Medieval Empires Open Beta May 14

    • Relevance: One of Web3 Gaming’s strongest protocols.

6. Top NFT Projects by 7 day Volume Last Week

7. Community Corner

• Your Voice Matters!

  • Have questions or topics you'd like us to cover? Feel free to reach out by replying to this email and we’ll give you a shout out as well!

  • This Week’s Question: “How do you track upcoming token unlocks?” - Thanks TheOpenChain for the great question!

• Answer: I use the TokenUnlocks.

  • Knowing when token unlocks are happening will save your port.

  • Token unlocks will drastically affect price by:

    • Investors dumping their bags before hand due to “Selling-The-News”.

    • Allocated recipients often sell their tokens for profit taking afterwards.

Bonus Alpha: 

Yeti-Apes are leveling up! 🌟

On May 14th, they are rebranding our socials to reflect their independent Yeti-Apes brand. 

Updated designs and artwork will be shared on Discord, Telegram, and X!

Stay tuned for their upcoming whitepaper and the launch of their dual-token model. The future is bright for Yeti-Apes, and we can't wait to share it with you.

Check out the full announcement here:

Finally, we'll be giving away exclusive thank-you gifts to our early supporters, so be sure to invite your friends to subscribe to Growth Bytes. Link below 👇️ 

http://web3bytes.beehiiv.com/subscribe