Welcome to Issue #55 of Wealth Mastery
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In this issue:
I share some cool gaming coins to have on your radar.
Defi Dad has a report on how to use Uniswap on layer two, a very timely and critical report.
Rekt Capital takes a look at Bitcoin logarithmic growth curves and what they can tell us about the market right now.
Jesse has a report for you on one of the newer Binance Launch Pad coins Automata.
The team from Mercurial Finance join us to discuss their stablecoin swapping solutions for Solana.
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. Wealth Mastery is a tool, you are the craftsman. We are not a signal or pump group, we are a tool shop, you decide what information shared here has value to you or not.
As always, feel free to reach out to me by responding to this email with your comments or questions.
The Big Recap
Bitcoin lost key support at $30,000 this week. The entire crypto market is getting smashed on the back of global equity markets and fears surrounding a resurgence of the pandemic and the new variant. Crypto markets have rarely been immune to what happens in equity markets. While we tend to see overall low correlation between the two, when equities sell off crypto usually does too. And yes, today Bitcoin is in the green, but remember: until Bitcoin can reclaim the 200-day simple moving average around $45,000, the bears remain in charge of this market. I am continuing to cost average in at these levels.
I feel like the big story which is definitely not getting enough press these days is the regulatory crackdown which is happening. We are seeing a new wave of crackdowns by regulators internationally. Binance has been given ultimatums by various countries. China has been pushing new crackdowns. The USA has set up a Presidential Advisory Group to regulate stablecoins. France is pushing for an EU-wide regulatory body for crypto. Regulations have always been a part of the FUD landscape for crypto. Most people are generally scared of regulations, but what is funny is that on the other side are big investors and institutions who are wary of crypto due to the lack of regulation.
At the end of the day, bad regulations are bad, just look at China. And good regulations are good, just look at Switzerland. The real question for regulators is to get it right. Let’s hope that those regulating now will be able to fund the sweet middle ground.
Top NFT Gaming Coins
The success of Axie Infinity has been quite incredible and really underlines what is possible for crypto gaming. The whole play-to-earn model is about to totally turn the gaming world on its head. Axie has really managed to find the perfect fit of cool game play, the right tech moves like the launch of the Ronin side chain, and has been a huge hit with users who literally are getting rich by playing a game.
Thus, today I wanted to highlight a few of the…
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.
