In This Issue
I share my thoughts on the NFT market now, the latest defi drama, and the dangers of bridges.
Rekt Capital has the latest technical analysis for you on the market.
Rebecca has all of the latest news for you.
Jesse has a ton of hot new airdrops for you.
Hot new token sales.
Sam has a report for you on Ape NFTs.
Defi Dad has a tutorial for you on a hot new Avalanche farm.
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A quick reminder that all research and market analysis is provided for educational and informational purposes, and should not be considered as financial advice. You are ultimately responsible for your investments and trades, and they should only ever be entered by those who understand the risks, are willing to lose their entire investment, and properly understand how to manage their risk.Also, every issue will contain more information, tips, hints, and analysis than you can make use of. It is up to you to decide what information shared here has value to you or not.
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What I’m Watching by Lark
Illiquid JPEG Madness!!!
NFTs are all the rage right now. The Bored Ape Yacht Club continues to add top tier celebs with Justin Bieber getting an ape this week. The floor price is now over 100 ETH. Other top collections are performing very well too. Remember when we talked about World of Women when they were like 0.2 ETH a piece? Yeah, the floor price is almost 10 ETH now!!! The rankings on Open Sea show that many collections have seen triple digit gains in the last 7 days. While the broader crypto market has been correcting, the NFT market has been pumping. Which just underlines my general thesis that there is ALWAYS opportunity in this market. While top Ethereum collections as usual get the most attention, as we frequently highlight in this newsletter NFTs on Polygon, Solana, Cardano and other chains are definitely an area to watch. Let’s keep it real that the prices for key Ethereum based NFTs are becoming absurd. 5 to 25 thousand dollars is pretty common for Ethereum based NFT floors, with top collections frequently being valued at hundreds of thousands. Whereas NFTs based on other chains frequently have much lower floors.
All of that being said, the reality is that right now NFTs are going through their own bull market phase. Over the last year or so we have had about 3 or 4 very bullish NFT periods like this. Often followed by decent corrections to floor prices. So if there is a hot NFT that you really want to get your hands on, you may be able to get it a bit cheaper in the coming weeks. And unless you are playing the aggressive flipping game then remember that you should be buying NFTs that you actually like. This makes holding them through corrections easier, and even if the thing goes to 0 at some point then at least you have something that you like!
High Stake Defi Drama
It was learned this week that one of the inner circle of Avalanche’s Olympus Dao fork called Wonderland was none other than serial fraudster and former QuadrigaCX team member Michael Patryn. In case you don’t know about Quadriga it was a Canadian exchange that went under after its founder disappeared in fishy circumstances taking 170 million of customer funds down with him….
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.
