Crypto Fandom and 💰 Freedom: It's all here

Good morning folks,

Welcome to Switch Daily. 🤗  

What a bittersweet weekend it was! RIP Big Bull 😞 and Happy Independence day 🇮🇳.

Did y’all hoist a flag and all to celebrate our 75th Independence day? Well, we did. Coz, #Harghartiranga 🇮🇳 right? 

Here's what we've got for you today:

• Market pulse

• Let’s talk about Financial Freedom

• What else is new?

• Meme of the day 

The market is choppy 🫣

It was a wild ride for crypto yesterday. Bitcoin (BTC) hit a new August high of $25,203 but is currently in negative territory. BTC fell by 0.87% and ended the day at $24,102. This is the second time BTC has visited $25,000 since 13 June. Ethereum (ETH) followed suit, losing ground by 1.7% after recently breaking through the $2,000 barrier.

💸F = Freedom = Financial Freedom💸

See what we did there! 🙈

As India celebrates its 75th year of freedom, we asked some CoinSwitchers what financial freedom means. We got many unique answers but here are some fun ones:

• Having enough money to retire early.  

• When I can earn enough to afford my parents’ Hajj trip. 

• It is the courage to do anything I want in life. 

Financial freedom can mean different things to different folks, but it all comes down to the same thing — ‘Having enough money to cover your living expenses.’ 

And how much money is that? 

Well, that depends on what kind of lifestyle you wanna live and how quickly you want to get there. If you want to live a jazzy life like DiCaprio from The Wolf of Wall Street, then we’re talking a loooot of money. 

But life isn't a South Indian movie plot where the hero (you) becomes super rich over a song track, no? Hmm, don't think so. 

Financial freedom needs to be ‘earned.’ And to get there, investing early can be a good start maybe. Here’s a calculator to measure how many years and how much money away you are from your financial independence day.

What else is new? 🤷‍♀️

🐶Meme economy has grown 24% in the past month 

The total market value of mainstream meme coins like Dogecoin has increased by $3.6 billion in the past month, growing from $14.5 billion to $18.1 billion. This represents a 24.82% increase in the size of the economy.

🐨Australia zoo drops ‘Warrior Koala’ NFTs

The NFT collection is part of Australia Zoo’s 20th-anniversary Wildlife Warriors project, in which 100% of proceeds will go towards a range of conservation projects at the zoo. This is the second NFT in the collection, following its first drop — the Warrior Croc, which sold out in the first 10 hours! 

🗓️Ethereum Merge target date may delay - ETH foundation.

A day after Ethereum developers confirmed that the Merge is scheduled for Sep 15, the Ethereum foundation stated that the target date is Sep 15, 2022, but this estimate might have even a week of error.

📃Yuga labs release IP rights for CryptoPunks and Meebits

Owners of CryptoPunks, and Meebits NFTs receive IP to use their characters in commercial or personal projects. NFT holders can now develop projects such as TV shows, food trucks, clothing, and more – just like the Bored Ape Yacht Club community. 

A tribute to Mr.Market

Meme of the day

Well, that's all the juice we've got for today!

See you tomorrow! 👋🏽