Market Roundup
Well… what a difference a month can make. January has been insane for the crypto markets.
Taking a quick peek at the monthly charts shows that this monthly candle has been incredible!
While at the time of writing the candle has not officially closed it has been a very bold statement by the market.
Gains have been rolling in across the crypto market.
And perhaps the craziest thing is that we have been seeing lots of new all time highs for coins launched in the bear market such as Aptos.
Could this just be a bear market rally? Yes. Likely. BUT, don’t let such thoughts distract you from the very real money making opportunities happening right now.
A curious factor of the bear market so far has been that retail money never truly left. Sure, a lot did, and a lot panicked. But, check out this chart. Post LUNA collapse up until now we have seen a big accumulation by retail holders of BTC. The money is always out there, the only question is does that money want to gamble on crypto now? So far the answer is yes, but for how long?
Just keep in mind that things can always change real fast.
Bitcoin miners started selling right as the rally kicked off. But, in spite of this big spike in sell pressure, the price of Bitcoin moved higher showing that demand has outstripped the fresh supply. This could indicate that fear is falling a bit as people feel more comfortable entering the market. And as we know, where BTC goes, so goes the market.
Top Airdrops of the Month
Shardeum is an upcoming Ethereum Virtual Machine based smart contract platform. This is one to keep a close eye on, low fees, highly scalable, big backers, fits the narrative. Get on the test net and get busy testing it out! Check their site here.
PRISM is a Cosmos-based layer one yield chain and it will be available to ATOM stakers who delegate to PRISM’s Cosmos Hub Validator. Details here.
Just a reminder too that testnet airdrops are really where the money is made at these days. Long gone are the days of mega airdrops just because you hold a coin. If you want to get potentially life changing money from airdrops then you need to do testnets. And likely not just one time. The best strategy is to use the testnet once a week or every two weeks during the testing period. Send transactions back and forth between two wallets. Set up multiple wallets for more reward potential. Use any testnet apps like a DEX. You need to put in the work, and most airdrops may end up being worth nothing, but a rare few will be worth crazy sums. Good luck.
Top Altcoins to Watch
Altcoins are moving while the wider market breathes a sigh of relief. Dangers remain, but opportunity also is present.
If you want to get a great overview of the AI Crypto scene this article is what you need to read. AI has been the big hype recently, so beware of chasing that hype, but AI and big data are only going to get bigger and there are decent crypto exposure options.
Also in case you did not catch our Flare review, then you need to give it a read here.
I also wanted to share my short list with you this month. I keep a short list of coins that I have an eye on scribbled down on my desk. Doesn’t mean I pull the trigger and buy. That doesn’t mean that I am saying you should buy them. It is just a…
Hi! My name is Lark Davis!
I’m a cryptocurrency investor with years of experience and I’ve been making consistent profits in the crypto space.
I’m passionate about helping others do the same, so I run multiple educational channels on crypto investing.
