It’s been a big week for global economies as the “are we heading for a soft or hard landing” dance continues. The Fed, The European Central Bank and The Bank of Japan have all announced interest rate decisions this week.
Congrats, you’ve made it to Friday! The weekend awaits, so put your feet up and chill with us.
Here’s what’s in today’s issue:
- My portfolio updates.
- Rebecca shares her thoughts on The Fed rate hike, BlackRock’s perfect portfolio, Bitcoin ETF delays, Avalanche’s real-world tokenization takeover & MakerDAO boosting yield rates.
- Altcoin Alpha by David.
- Airdrop of the week by Jesse.
- Jesse has a deep dive on Reddit’s MOON coin.
- Sam has a report for you on real world asset NFTs.
- In case you missed it by Rebecca.
For any crypto related questions please comment on the website.
Lark’s Portfolio
Buys and Sells
I bought more Bitcoin around $29,200. It feels like good value to be stacking Bitcoin under $30,000. But, I still maintain that when we make a big break higher out of this range that I will probably slow or even stop my Bitcoin DCA.
I bought more ARB around $1.16. Nearing the end of my ARB stacking. My bag is pretty fat now, and my average price feels “good” assuming markets don’t tank hard.
LINK, I am building a decent sized position into Chainlink at the moment. I missed a better entry last week, but have been averaging in around $7.50. If I see a big pull back, say to $6 then I will probably add some more to this position. Otherwise this is probably enough for now. It would be great to pull off a 10X on this during the bull run. Can bigger gains be had on lower cap coins? Of course, and I still may pull the trigger on something like Radiant Capital, especially after the Binance investment, but for now money parked in LINK feels like a safer choice for my portfolio. Make no mistake though, I am not joining the “Link Marines”, because when the time comes I will sell this without mercy.
In general I am pretty hesitant to take any new bags, if anything I am looking to cut even more of what I have.
In fact, I decided to finally pull the plug on Monkey League and My Neighbor Alice. My venture portfolio is loaded down with gaming coins. Some of which have excellent potential, others of which are basically write offs already like Elumia and thus I removed them from my disclosures pages as they are done. That being said, I only need one of these gaming coins to do a 20X to more than make up for all of the losers, but still, it sucks to watch some of these “once hot coins” basically withering away to nothing.
I sold some venture investment tokens received including Kasta, Vpad, Xdefi, CRT, and EUL. In all cases I swapped for ETH that I will hold.
Trader Joe EUROC Pool
I decided to pull out of the EUROC/USDC pool on Trader Joe. The APR just dropped too damn fast. From 29% down to 7% in a week. At 7%, there is no need to be risking my stablecoins on a dex or to expose myself to the exchange rate fluctuations between these two forex pairs.
This is pretty standard for DeFi. Might as well just pull the money out of crypto and dump it into a term deposit at the bank at those rates haha.
Open BUY and SELL Orders
(NOTE: You should never blindly follow my moves. I share these for educational purposes,…
