Hello fren!

Investing in Altcoins can feel like Russian Roulette – risky and definitely unsafe! 

At times, you feel like the luckiest person in the world and in a split second, you’re dead! I mean… your investment is dead. 

That’s why you need a strategy. And after hearing and reading about literally hundreds of instances in which people have lost money in Altcoins, I decided to do something about it. 

So I developed an Altcoin course that will teach you everything you need to know about Altcoin investing so you can make educated and smart investment decisions to become financially independent. 

Because you can – especially in the upcoming bull market. 🚀

I don’t want to take more of your time today. I know you came here to read the Wealth Mastery so I’ll make this quick.

As a token of appreciation to you, for being an active reader of Wealth Mastery, I decided to provide you with a 50% discount to my brand new Altcoin Course! 

P.S – I’ll pop into your inbox again in a couple of days to tell you more about my new Altcoin Course. But in the meantime, if you want to learn more about it today, you can do so by clicking the button above. ☝️

In This Issue

• I share my thoughts on the state of the market, SEC Insanity, something GAME CHANGING, Silver Gate news, Bitcoin halving plays, alt coin alpha & Mantle airdrop.
• REKT has some altcoin TA.
• Rebecca breaks down the latest news.

What’s On My Mind by Lark

The State of the Market

Well… it has been quite the week for markets! On Friday last week, Bitcoin took an elevator down by $1,000. The big question is who sold? Because at the time stocks were pumping higher. So we “decoupled” for a moment, but not in the way we want to see! 

The stock market also got spooked this week with a big drop on Tuesday after Jerome Powell opened his mouth. 

Basically, it comes down to this. Jerome said that the economic data continues to be stronger than expected. Thus, we should expect rate hikes to go higher than previously thought. The FED has stated that 5.25% would likely be the top, but his new comments potentially put 6% on the table? 

One thing is for sure, the markets will be watching for what the FED actually does when they meet on the 22nd. 

That being said, the Cleveland FED has stated that they believe inflation will fall to 5.4% when the numbers are announced early next week. Last month we had inflation down to 6.4%. If inflation really does drop by 1% then it could be a good sign for markets! 

Until then fear and uncertainty seem to be driving markets. Stay frosty and keep your seat belts fastened. 

The Latest SEC Insanity & Something Potentially GAME CHANGING!

Well… the SEC is fully on a war path right now. This week it has come to light that they consider Binance US to be an unregistered securities exchange… 

Look, if they are then every other exchange in the USA is. The precedent potential is dangerous. 

But, it seems that judges are finally starting to push back against the SEC’s strategy of throwing shit at the wall and seeing what sticks.

First, a bankruptcy judge has approved the takeover of bankrupt crypto lender Voyager by Binance. The SEC has objected to this. So a win for Voyager users and a much-needed check on the SEC. 

But the real big story is this! Grayscale is seen as increasingly likely to win its case against the SEC in regards to being allowed to make the Grayscale Bitcoin Trust into a Bitcoin ETF. The price of GBTC is up on the back of that rumour. A final decision won’t come until Q2 or Q3 of this year, but recent arguments in court are seeing a strong leaning towards a Grayscale victory. Which, if true would mean a Bitcoin Spot ETF on US markets by the end of the year. 

That could be a game-changing catalyst for BTC and the wider markets! 

Silver Gate News 

Silvergate is likely going bankrupt. Haven’t heard of Silvergate? Well, it was THE bank for crypto exchanges until recently. It has been a critical piece of infrastructure for on and off ramping fiat into the market.  However, this bankruptcy is not due to crypto specifically, it’s due to bad banking practices and overexposure to FTX. Also in terms of the “oh shit, should I panic” factor here, I don’t think it is too high. This is because there are multiple other options for crypto firms to use, and most have already gone over to Signature or other providers. 

Bitcoin Halving Plays? 

The Bitcoin halving is only a year away. So, I was starting to think, what are some Bitcoin related investments that could be worth looking at in the run-up to this event which could see their prices rise as the hype around the halving picks up? 

I am probably talking about this all way too early, but a year goes faster than you think! 

So, here is what I came up with! 

• Bitcoin: Ok, captain obvious! But for real though. Just simple spot BTC buys are probably the easiest way to get exposure to the Bitcoin halving narrative. And purchases done now can fall under long-term capital gains tax, and thus lower rates, for many of you reading this. 
• Bitcoin Mining Companies (yeah stocks): Last cycle we say Bitcoin mining companies put in massive gains. Not to say history will repeat, but they could be an interesting option for those looking for more exposure. Keep in mind that many miners have gone bankrupt in the last few months so there is risk here. Riot, Hive, and Marathon are all survivors.  
• Microstrategy Stock: This is a proxy play, and miners will give more direct access, but Microstrategy has like 140,000 BTC. Their stock price will be heavily linked to Bitcoin cycles and success. 
• Bitcoin Tokens: There are Bitcoin related networks like Stacks and Rootstock which could do well in a Bitcoin halving hype run. These networks are nothing like similar Ethereum networks, but they are indeed a way to get exposure to the wider Bitcoin ecosystem. 
• Bitcoin NFTs: The hot new thing in town. Bitcoin NFTs, Ordinals, have captured a lot of public interest. Recent Yuga Labs BTC NFT launch Twelvefold has seen a floor price of over 2 Bitcoin (around $50,000) and a top bid of over 7 Bitcoin! NFTs as always are risky, but top-tier collections could increase their BTC value with time. 

Altcoin Alpha 

• Pancake Swap V3 going live in the 1st week of April. This is a general upgrade to make things more efficient and user-friendly. And also to prepare for big competition from Uniswap which is coming to the Binance Smart Chain soon. 
• Ethereum, the Shanghai upgrade has been moved to mid-April. Just patiently waiting for this massive upgrade to happen. Remember there could be some selling pressure as staking rewards get unlocked, but reports of like 20 billion dollars worth of Ethereum flooding the markets are FUD. If every validator wanted to exit then it would take about a year for them all to get through the queue. Also, staking rewards will only be available to withdraw immediately for about half of the validators since most aren’t properly updated yet. 
• Blur is a wash trading mess. Recent reports have shown that over 80% of the trades taking place on the Blur NFT marketplace are wash trades. AKA people trading with themselves to farm airdrop coins. Opensea only has around 3% wash trading volume for reference. Long story short on Blur, if you got the airdrop or are airdrop farming now then sweet, enjoy the gains. But, this is giving me LOOKS vibes, AKA not sustainable once wash trading ends. 
• Chiliz, the Chiliz blockchain has launched a 50 million-dollar incubator fund. This is a few weeks after they teamed up with Injective, and also launched their own chain. Chiliz is doing stuff! Probably worth keeping an eye on especially if you are a sports fan! 
• DJED, the new Cardano-based and backed stablecoin has seen a terrible flash crash from $1 to 13 cents. It was very short-lived. The price has now stabilized in its range of around $1 again. Just a reminder that using new stablecoins like this does carry risk. 
• Pendle, a yield protocol, has integrated with Layer Zero’s omnichain protocol to allow for better cross-chain tokenomics. 
• Reserve Protocol has released the eUSD. It is an asset-backed stablecoin backed by stablecoin derivatives like cUSDC and aUSDC. Meaning that it generates yield which will go to RSR holders. This makes RSR a real yield coin now. Currently earning around 3% APY. 
• Avalanche has teamed up with GREE. Never heard of GREE? Me neither until today. They are a Japanese gaming giant. They have 30 million monthly active users. They chose Avalanche as their web3 partner. In other Avalanche news, the Blitz subnet will use AVAX as the gas, and thus will burn some AVAX every time a transaction is made. Blitz is being launched by TSM, another major gaming powerhouse.  

Mantle Airdrop 

Bybit is launching an Ethereum layer two protocol called Mantle. There will be token incentives for testers. 

• Step 1: Follow this guide to set up the Mantle testnet. 
• Step 2: Test out a few of the applications building on Mantle such as Izumi, Pulsar, and Multichain.   
• Step 3: Send transactions back and forth to yourself. Do it often, and use the above apps often. 

As always be careful. Never give out your private keys. You may do all of the above and get nothing or if you do get something it may be worth nothing.

Market Analysis by Rekt Capital

In today’s newsletter, I will cover 8 Altcoins, specifically:

• Woo Network (WOO)
• Dusk Network (DUSK)
• Hedera Hashgraph (HBAR)
• UniSwap (UNI)
• SushiSwap (SUSHI)
• Polygon (MATIC)
• Chainlink (LINK)
• Cosmos (ATOM)

Let’s dive in.

Woo Network — WOO/USDT

Technically, WOO broke the Macro Downtrend last month.

Macro-wise, that’s a bullish signal.

And right now, WOO has pulled back to retest a previous resistance (orange).

Orange acted as resistance in Q3 and also very late Q4 of 2022.

And right now, this area may be acting as support.

So key support is now in progress.

Still, dipping to the Macro Downtrend while generally keeping the orange area as support is also a possibility.

But continued price stability above the orange area would be a contributing sign to a successful retest.

Dusk Network — DUSK/USDT

If we compare the two periods highlighted in yellow circles, we’ll notice a key change this time around.

In early 2021, DUSK downside wicked below the black support but ultimately Weekly Closed above this support to continue higher.

However this time around, DUSK has Weekly Closed below black support and even this week flipped it into a new resistance.

Technically, DUSK is positioning itself for downside from here so if price isn’t able to reclaim black as support relatively soon, price could indeed dip via the green path, but may in fact dip deeper than that, perhaps even to the orange thin box below.

Hedera Hashgraph — HBAR/USDT

HBAR rejected from red resistance and is now trying to form support at this orange area, where two horizontals reside.

HBAR needs to hold either of these to a) avoid a drop to the red box below and b) have a chance at challenging the same red box that it rallied to last month.

---

Go Premium to Keep Reading

Subscribe to the Wealth Mastery Premium Investor Report to read the rest of this article AND gain full access to the premium archives.

In Case You Missed It by Rebecca

Crypto market news

Binance US’s plan to acquire Voyager’s crypto assets for $1.2B was voted in favor by 97% of Voyager’s customers. Source

Kraken is planning to launch its own bank despite the challenging regulatory environment. Source

A court has expressed concerns about the US SEC’s rejection of Grayscale’s filing to convert its Bitcoin Fund to a Spot ETF. Source

Amazon’s NFT marketplace will reportedly be launching on April 24 and will tie ownership to physical goods delivered to customers’ doors. Source

Visa and Mastercard have delayed the launch of new partnerships with crypto companies due to the bankruptcies across the industry. Source

Coinbase has terminated its partnership with Silvergate as its USD banking partner and is no longer accepting payments via the bank. Source

Robinhood’s wallet has rolled out to iOS users globally and currently supports the Ethereum and Polygon networks—Android support for the app will come later this year. Source

Trezor has announced it’s taken control of its silicon chip supply chain. Source

Coinbase has announced its acquisition of One River Digital Asset Management. Source

UK banks HSBC and Nationwide are to ban crypto purchases with credit cards. Source

Bybit has suspended USD deposits via bank deposits and is recommending customers make deposits via the Advcash Wallet or with a credit card. Source

Celsius has reportedly reopened withdrawals for some customers, 263 days after freezing funds. Source

Arthur Hayes says Bitcoin’s price will moon during a potential oil crisis. Source

Coins and Projects

Xapo Bank has become the first bank in the world to integrate Bitcoin Lightning payments through a partnership with Lightspark. Source

Relai, a Swiss non-custodial Bitcoin app, has raised $4.5M in a funding round led by Jeff Booth’s Ego Death Capital. Source

Jack Dorsey’s Block has launched “c=” a new business entity looking to improve liquidity and routing on Bitcoin’s Lightning Network. Source

Bitcoin-Bridged to the Avalanche network has reached a record daily mint of over 2,000 BTC. Source

Ethereum developers are targeting March 14 for the Shanghai upgrade to launch on the Goerli testnet. Source

Ethereum’s Shanghai upgrade has been delayed by two weeks to early to mid-April. Source

Ethereum Layer 2 network Scroll has raised $50M in a new funding round that included Polychain Capital, Sequoia China, resulting in a $1.8B valuation. Source

Lido has started a preliminary vote for its V2 upgrade to prepare the protocol for the Ethereum Shanghai hard fork. Source

Lido has seen its biggest daily Ethereum stake inflow in its history, with a wallet reportedly belonging to Justin Sun staking 150,100 ETH through the protocol. Source

MetaMask has launched a software development kit (SDK) in the Unity Asset Store to integrate Web3 gaming applications into the platform. Source

ConsenSys has completed a private beta phase of its zkEVM network and will begin public testing on March 28. Source

Coinbase has listed Circle’s Euro stablecoin, EUROC and is the first Euro stablecoin fully supported by the exchange. Source

Binance’s AI-powered NFT generator called Bicasso has minted 10,000 NFTs in 2.5 hours. Source

Binance’s BUSD stablecoin has lost 43% of its market cap in the past 30 days after issuer Paxos announced it would stop minting the token. Source

Polygon has partnered with Mercy Corps Ventures to bring blockchain education to underserved communities. Source

Polygon has launched Polygon ID, its decentralized web identification service powered by ZK proofs. Source

Aave has started its governance discussions to deploy on Polygon’s upcoming zkEVM Layer 2 network. Source

Tensor, a Solana-focused NFT trading platform, has raised $3M in a seed round led by Placeholder. Source

PancakeSwap’s v3 upgrade is set to go live the first week of April and will offer new features including improved liquidity provisioning and competitive trading fees. Source

Uniswap Labs has announced plans for a self-custodial mobile wallet, but the final build was rejected by Apple before its planned launch in December 2022. Source

MakerDAO is reviewing a proposal that would allocate an additional $750M to invest in US Treasuries whilst the yield is favorable. Source

Crypto wallet company Giddy is allowing Polygon users to pay fees in USDC. Source

Chainlink has launched a new developer platform called Functions, to connect dApps with traditional cloud software. Source

Chainlink’s price feeds have gone live on Coinbase’s Layer-2 testnet, Base. Source

NEAR has announced at the ETH Denver conference that it will be transforming into the Blockchain Operating System (BOS). Source

Magic Eden has launched “Mint Madness,” a series of 13 Web3 games on Ethereum, Solana, and Polygon that will be rolled out for free during March. Source

Chiliz is creating a $50M incubator program called Chiliz Labs, backed by Jump Crypto, and will help early-stage projects in the sports and entertainment industries. Source

Stepn COO says a suite of new features will be launching soon including an achievement and badge system. Source

Sweat Economy has announced its set to launch in the US in September. Source

The Sandbox is launching 2,333 Gordon Ramsay avatar NFTs that players can use for their metaverse identity. Source

VeChain has released its revised whitepaper 3.0 called “Web3 for Better” explaining its new focus on Web3 and sustainability. Source

Snoop Dogg has been revealed as one of the co-founders of Shiller, a Web3-powered live-streaming app. Source

Macro news

Fed Chair Jerome Powell has warned interest rates will need to go higher than expected and for longer to curb inflation. Source

The US Treasury has introduced a CBDC working group to discuss its potential forms and implementation. Source

The Stablecoin Standard is set to launch and is a new industry body representing the market, consisting of 15 companies issuing 20 stablecoins. Source

Australia could delay its crypto regulations until mid-2024 to allow more time to be spent on the consultation. Source

The Bank for International Settlements (BIS) has successfully completed its retail CBDC pilot called Project Icebreaker with the central banks of Israel, Norway, and Sweden. Source

Follow Rebecca on Twitter and Instagram.

Start your Wealth Mastery Premium Subscription today!

Click Here To Go Premium

Final Notes

There are 6 reasons Bitcoin & Ethereum could crash and you’ll want to watch the video below so you can be prepared 👇

Thank you so much for your support, and I truly hope that today’s issue will give you insights needed to help you master your wealth.

If you are reading this it means you are on the free version of the Wealth Mastery Investor Report, which is great for news and tips on the crypto markets.

If you really want to take advantage of fastest growing asset class EVER, I highly recommend you join us in the Premium Investor Report.

You’ll immediately get access to:

• Deep dive Altcoin report & The Trending Coin Report
• Technical Analysis on the crypto large caps and overall market
• Token sales, Airdrops and DeFi Tutorials
• Updates on the NFT Ecosystem and new mints
• My Investment Portfolio Updates

See you next time!

Lark and the Wealth Mastery Team

Legal Disclaimer

Wealth Mastery (Lark Davis, and the Wealth Mastery writing team) are not providing you individually tailored investment advice. Nor is Wealth Mastery registered to provide investment advice, is not a financial adviser, and is not a broker-dealer. The material provided is for educational purposes only. Wealth Mastery is not responsible for any gains or losses that result from your cryptocurrency investments. Investing in cryptocurrency involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire investment. Investors should consult their financial adviser before investing in cryptocurrency.

You can find a full disclosure of all my crypto & venture investments here.