In This Issue
- I share my thoughts on the state of the market, Ethereum delays, Terra buying AVAX,, Ethereum layer 2s, Solana NFTs on Opens & Cardano rising.
- Rekt Capital has the latest technical analysis for you on the market.
- Sam has a report for you on Aavegotchi & the Gotchiverse.
- Defi Dad has a tutorial for you on how to earn up to 28% APR on WETH and 25% APR on DAI on Polkadot.
- Jesse has a ton of hot new airdrops for you.
- Hot new token sales.
- Rebecca has all of the latest news for you.
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What’s On My Mind by Lark
<h3 id="the-state-of-the-market“>The State of the Market
Correlation persists and equities are not looking very hot right now. So many factors are weighing very heavily on the markets right now. Inflation is soaring, recession fears abound, commodity prices are pumping, the FED is rumored to start selling Mortgage Backed Securities, and the war in Ukraine continues. When people are afraid and feeling uncertain it means that they are less likely to make risky purchases like altcoins, ape pictures, and well even Bitcoin. And yes, we can count stocks here too. People will be saving more, and spending less… well, actually spending more because of inflation, but spending less on discretionary items because food, rent, and fuel all cost more. How does this affect crypto investors? Well, obviously things could get rough around here for a while. Crypto is slavishly following key stock indexes, and those are not looking awesome. Can crypto have a major breakout moment, of course. Will it? We can hope. Bitmex founder Arthur Hayes wrote an interesting piece on this topic you may like to read HERE.
<h3 id="ethereum-delays“>Ethereum Delays
Core Ethereum developer Tim Beiko confirmed on Twitter today that The Merge to proof of stake will be happening “a few months” later than the initial June estimate. Another delay for Ethereum… shocking, lol. It will get there one day!
<h3 id="terra-starts-buying-avax“>Terra Starts Buying AVAX
Late last week Terra’s Luna Foundation Guard Fund announced a purchase of 100 million dollars worth of Avalanche’s AVAX token. This is a pretty important development in my opinion as it shows them investing beyond just Bitcoin and also that they have a big interest in AVAX. I remain bullish on the Avalanche ecosystem.
<h3 id="ethereum-layer-2 “>Ethereum Layer 2
Earlier this month Ethereum layer twos hit a new all time high in terms of total value locked, showing that the L2 environment is still thriving in spite of the rough markets.
While alternate layer ones like Polygon, Solana, Avalanche, and others offer cheap, and often cheaper fees, I am delighted to see Ethereum layer twos gaining traction. While much of the layer two money is tied up in existing protocols like Uniswap and Curve Finance, which are almost unusable on the main chain, we are seeing more and more native layer two apps pop up too! My guess is that we continue to see layer two adoption soar and that there will be a lot of opportunity here for investors to get involved in native L2 protocols or just enjoy farms from more…
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.
