GM friends,
Markets are still down from last week but that doesn’t mean there wasn’t anything to do.
I sold some tokens, bought some tokens, claimed some airdrops and much much more. The details are below.
Let’s go!
Here’s what’s in today’s issue:
- My portfolio updates.
- Jesse has a deep dive on ZetaChain, the Bitcoin interoperability protocol.
- Sam has the top 3 NFT drops.
For any crypto related questions please comment on the website.
Step 1: Sign up using this link
Step 2: Fund your account with $100 or more
Step 3: Claim your bonus and free trade
Buys and Sells
I have sold more of my ARB this week. This coin just is not capturing value. And while I like using Arbitrum, the coin as an investment has been lame.
I need to focus on cutting losers faster and doubling down on winners quicker. I am working on winding down the entire position. Might take a week or two.
The final straw for me was failing to dump this at $2, when JUP was $0.7. I saw what I should have done but failed to act in time. Because I kept thinking, just maybe… just maybe ARB will do something.
Now that I am selling I am sure the market will pump this sucker haha.
I also put in a sell order for my EGLD this week. This is one I could live to regret. But, I just keep getting the feeling like it is not really getting the hype or narrative at the moment.
It should do ok this cycle, but the bag feels stale. I want to swap this for something like FTM or RNDR. The sell order is at $70, at the time of writing the price was at $60.
I sold my Hashflow tokens. Great product, but the token has been a lagger. I am taking this money and buying more JUP. YES, even at the current prices on JUP. Not a huge amount, but more.
The only coin in my portfolio now that I want to sell, but haven’t yet is Kira Network.
I had written this thing off, but then got some tokens after they magically reappeared. There was a big pump, but now nothing much is happening.
In theory it could be a good coin, but maybe too much time has passed and it is not worth it and it is such a small position that I should just tighten the portfolio and dump that cash into something more cycle relevant.
I sold some Phemex Tokens that I received as part of my vesting schedule, and some HIGH tokens from my previous venture round.
I am keeping Render on my short list to watch for a good entry. Perhaps post Nvidia AI conference things will chill out for AI coins.
My AI portfolio looks good so far, and generally I am hesitant to add something with such a big market cap, but it feels like an AI bluechip.
I invested in Auki, Logx, and Gullswap via private round deals.
Farming
I claimed my ETHERFI airdrop. It was worth about $2,400 ($2,300 after uniswap fees). Not bad. Sold it for USDC.
Thinking now what to do with my Etherfi ETH. I can put it in their platform to earn 30% APY or withdraw and move it to another like Kelp or Claystack.
I really like that smaller users got taken care of big time on this one. For example, my friend put in 0.1 ETH a few months ago and got an airdrop worth $550! I love to see it.
After reading Defi Dad’s report on Zerolend this week I decided to put my Puffer Ethereum and Kelp Ethereum into Zerolend.
I did not claim my Polyhedra airdrop. This one was a big…
