In This Issue
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- I share my thoughts on macro fears, NFTs, and Blockfi’s 100 million fine.
- Rekt Capital has the latest technical analysis for you on the market.
- Sam has a report for you on sport NFT collections.
- Defi Dad has a tutorial for you on an Avalanche based protocol called Defrost Finance.
- Jesse has a ton of hot new airdrops for you.
- Hot new token sales.
- Rebecca has all of the latest news for you.
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’s On My Mind by Lark
Macro Fears
The big story this week is the macro news scaring the market. Particularly fears around a potential war in Ukraine. Obviously no one wants to see war happen and I hope that cooler heads will prevail. But why is the world so concerned about the conflict in Ukraine? Well, some fear nuclear armageddon if the US and Russia come to blows. BUT more likely is the potential economic fall out since Russia is a major supplier of gas and oil globally. A supply shock could have some pretty serious consequences. That being said, humans are funny creatures, and we tend to over react to news like this. In financial markets this equates into panic selling lows or making bad decisions like shorting support. Crypto as usual tends to react much more intensely to macro news like this. While the S&P 500 is only down 10% from its all time highs, crypto coins are mostly down 40% to 90%. Fun. In the unlikely event that there is actually a hot conflict then the markets will not look at it favorably and a strong sell off could occur. Until then we have what markets like the least, uncertainty.
NFT Danger
The prices of NFTs remain high and we just saw a record sale for Crypto Punks. That being said, there remains significant danger in the NFT space. Which was underlined by a highly anticipated sale from last week called Squiggles. Hours before the sale it was revealed that the anon founders behind Squiggles were actually serial scammers who have launched and abandoned multiple nft projects already. Sadly the pseudo-anonymous nature of crypto makes it possible for these scammers to just keep coming back time and time again. It gets even worse, apparently these scammers were also buying their own NFT mint with a bunch of addresses later proven to be linked to them. Thus making it seem like the sale was going really well and that this is a hot collection. The NFT space is wildly exciting and many NFTs will go on to make great gains and be very popular. But for every one NFT set that makes it there will be 99 that fail. The level of speculation in the NFT space right now feels very reminiscent of the the ICO boom in 2017.
NFT Mania Ending For Now?
Trading volumes for NFTs are…
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.
