In This Issue
- My latest portfolio updates.
- Rebecca breaks down this week’s trending coins.
- Matt has a report for you on how to get the best returns on your stablecoins
- The team from GensoKishi talks about their incarnation of the award winning Nintendo Switch/PS4 game “Elemental Knights”
- Jesse has a deep dive for you on Astar
For any crypto related questions please comment on the website.
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Lark’s Portfolio
I did add a little more Bitcoin on the dip late last week, like I said last week, as long as Bitcoin stays under the 200 day simple moving average I will continue to buy Bitcoin with cash reserves. I am also bidding for some more Bitcoin at $42,500 and Ethereum at $3,200 and $3,000.
Well… Moonbeam pumped early this week / late last week. I should have bought more Glimmer, lol. Anyway, I remain bullish on Moonbeam and will add on any significant pull back. I have two bids in for GLMR. One at $3.50 and one at $2.75.
As mentioned last week I was considering entering positions on ROSE, ASTAR, and IMX. Well, here are my newest thoughts and actions. I have entered a small position into ROSE at $0.30 and a second buy order at $0.27 which completed today. Regarding IMX, I already have a strong NFT ecosystem play with Efinity thus decided to leave that idea on the back burner for now. Regarding ASTAR I think this coin is actually quite bullish and an interesting play for the Polka Dot ecosystem. That being said I cannot be in every coin and will leave this on the back burner for now too. After some thought I decided to add a bag of Acala ACA, I do currently have a small position in Acala from the crowdloan, but it is less than 0.1% of my portfolio. Now after buying it sits at around 0.6% of my portfolio. Acala combined with my existing positions in Moon Beam and Efinity give me significant exposure to the Polka Dot ecosystem. I would like to point out that I am hesitant to enter any new positions in general, for the simple fact that my portfolio is getting larger than is ideal. Psychologically it would feel good to sell off a few coins, but I am waiting for better market conditions. In the meantime, I will keep buying. I do this with the thought in the back of my mind that risks remain in the market and that these bags could quickly be under water. Now the question should be asked? Why these coins? Why not really low cap altcoins? Well, I already have enough of those in my portfolio. But more importantly, I see coins like GLMR, ACA, and ROSE as being lower risk and something that I will be fine holding onto for a longer time frame if necessary especially if the market becomes irrational for a while.
I bought a little more JOE using the USDC rewards from staking the JOE. I just wanted to mention that this is what I will be doing with my rewards for a while. I won’t post about it every week, but this is the plan. I also put a few JOE in veJOE to get a boost on the APR for my JOE/AVAX pool.
I added a small percentage of my stablecoins into the new SPOOL pool, which was then refunded due to some error in the contract… Will try again later.
I picked up one World of Women Galaxy NFT, mainly just because I liked the art.
Still bidding on Cyber Brokers, often below floor bids though. My thought is I get 0…
