Gm friends,
Welcome back to another Premium Investor Report.
Let’s get into it!
Here’s what’s in today’s issue:
- My portfolio updates.
- Jesse has a deep dive on AEVO, the DeFi options trading platform.
- Sam has the top 3 NFT drops.
For any crypto related questions please comment on the website.
Not doing much this week. But, I wanted to share a few words with you on volatility.
Some of my altcoin bags are rekt, like big time rekt. But I am not really worried. To be clear, this is my attitude, and your portfolio is your portfolio, not mine.
So let’s talk about some of the ways in which my portfolio is rekt, and why I don’t think it matters.
Gaming… oh boy… there is some real devastation here. Private sales barely coming out above private round prices, with long lock ups. Ouch. Open market buys largely down.
A few stand outs have been Beam and Illuvium which are both holding up well enough. Beam in big profits and ILV doing ok. All it will take though is one big game to catch on and then all the others will probably have a nice few weeks of trading.
Some really good games have released their tokens recently, just need a change in market sentiment.
AI is kind of surprising as an under-performer considering all the big AI news recently, but I firmly believe that AI crypto speculation will rage back. But, AI in crypto, like AI in stock land is the far end of the risk spectrum.
Layer Ones like NIBI and Layer Twos like Manta are not performing well. This space is a little trickier and there will be under performers for sure.
Too many chains and not enough money, users, and applications. That being said I think coins like AVAX and DOT will have great comebacks.
ROSE has strong potential in the AI rebrand. And yes, NIBI still has some good potential for the run, I am holding basically all of my coins (I only sold enough to recoup initials and carve like 10k profit off the top), and have been restaking my staking rewards.
Ways my portfolio is not rekt
Bitcoin and Ethereum have been very solid this cycle. Sitting nicely in profit on both and they are the cornerstone of my portfolio.
Farming is a funny one. Some farms have been super crap like most of the lending markets. Other unexpected drops like Wormhole were massive. zkSync is looking like it will be a big winner. The winners definitely make up for the losers, but I am getting airdrop fatigue, not sure I will put much more effort into it.
Memecoins have generally been good to me, although I have been very hesitant with what memecoins I buy. FOXY on Linea has been doing good. Benji and Brett have pumped hard on BASE hype. PUFF has been pretty profitable so far. Let’s see how it ends up.
Defi has been a mixed bag, some coins like Prisma Finance are rekt, big time. Jupiter is sitting in nice profits. Chainlink too. Joe is steadily making money via weekly USDC payouts. Aero has taken a big hit, so I bought more and that is down too, but I still think it will shine with BASE season.
Now let’s talk about some of the insane catalysts I see coming.
ETFs are such an unstoppable force of nature. Wild to see the inflows. This is an unprecedented liquidity event and it will drive prices way higher.
China is warming to crypto with Bybit back and their biggest bank basically saying Bitcoin…
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.
