Welcome to Issue #61 of Wealth Mastery
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In this issue:
I share some insights on the NFT market.
Jesse has a review for you on Mango Markets a hot new defi protocol on Solana. He also has a report on some top Kusama parachains to keep an eye on.
Rekt Capital dives into the Bitcoin monthly close as well as sharing an altcoin setup.
The team from Elrond join us for a whirlwind chat on their exchange, launchpad, NFTs, and more.
Defi Dad has a crazy tutorial for you on how to earn up to 10,000% using Yield Yak on Avalanche.
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 is still stuck. Layer one chains continue to pop off. Solana ecosystem coins are pumping. Basically, the market remains generally quite bullish, but we have a sword of domocles hanging over our heads right now in the form of Bitcoin. It is currently sitting between major support and resistance in a very tight range. A break to the upside will likely see a big commitment from the market, a break to the downside could cause a wider market bleed. Watching and waiting right now.
But while we wait for Bitcoin to make up its mind NFTs are continuing to go nuts! With new volume and sale records happening this week along with massive new sales happening at major auction houses.
NFTs are giving new rewards which brings in a whole new level of game theory to NFT collectors. This week Bored Ape Yacht Club released Mutant apes. This was done as both a public sale which cost 2.9ETH plus 10k in gas fees, lol. Mutant serum was also airdropped to existing ape holders. The serum itself is selling for massive valuations, and rare mutant apes are already selling for a million bucks. WOW!!!
Also, can we just take a moment to realize the insanity of what just happened. Bored Apes just made 90 million dollars profit from their NFT sale. No regulatory risk, because NFTs are not securities. They are items of art. I reckon, the NFT bubble has barely begun to take off when more artists figure out what is happening and how much money there is to be made. Will there be brutal corrections? Yes. Will there be brutal profits? Also, yes.
Pudgy Penguins is also doing an airdrop of Christmas presents for existing holders. Free to claim, except for gas fees.
Both of these drops were announced last minute. So, if you are an NFT investor ensure you are following your community closely! I fully expect to see more perks like this coming to holders of top NFTs.
There are a lot of new collections coming out recently. Although most of them are just total garbage, there are some decent new collections and…
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.
