In This Issue
- I share my thoughts on the state of the market, which coins will survive, staked Ethereum melt down, celsius melt down, NFTs keep falling & evaluating risks.
- Rekt Capital has the latest technical analysis for you on the market.
- Sam has a report for you on art NFTs & 1/1s.
- Defi Dad has a tutorial for you on how to how to earn yield safely using Bancor v3 IL-Protected LPs.
- Jesse has a ton of hot new airdrops for you.
- Hot new token sales.
- Rebecca has all of the latest news for you.
For any crypto related questions please comment on the website.
For any support related issues please visit the website.
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What’s On My Mind by Lark
<h3 id="the-state-of-the-market“>The State of the Market
Crypto market chaos has happened this week as prices for key cryptocurrencies plummeted on the back of higher than expected inflation data.
In response to this the FED raised interest rates by 0.75% today, a higher than expected number.
The crypto sell off was further exacerbated by staked Ethereum no longer trading at parity to Ethereum and came to a painful crescendo when Celsius halted withdrawals.
Then it came out that a major Venture Fund Three Arrows Capital was facing massive liquidations and was likely to go under.
The markets crashed so badly yesterday that Bitcoin came within $100 of the previous all time high.
This is bad.
Bear markets are brutal, and shit starts breaking. It is not pretty or pleasant.
And while it is probably not what you want to hear right now the reality is that those who accumulate during the bear market will be the ones to become millionaires in the next bull run.
Don’t let them tell you that you just got lucky, if you survive the bear market then you will have earned your future riches.
<h3 id="which-coins-will-survive? “>Which Coins Will Survive?
With the bear market in full swing, it is worth asking what coins will actually survive the bear market.
The short answer is I don’t know.
The long answer is there are some factors that will help us figure out which ones have a good chance of coming out stronger than before!
Cash
This metric is very important to try and figure out, and yet very few projects will straight out tell you their cash reserves.
That being said some do, like Trader Joe which has announced they have at least enough cash to pay all developers for more than a year.
Others like Moonbeam just announced a hundred million dollar ecosystem fund, hardly broke now, are they?
But in most cases, you will need to dig for this info in Discord or Telegram.
If the teams can’t give you a halfway decent answer then it probably means they are not doing well financially.
Business Model
Is there actually a business model for this coin?
How does the protocol make money to keep paying the team?
Token Sale money often runs out quicker than expected. All of those first-class tickets to conferences and huge overhead costs early on can quickly burn through the few million earned during the token sale.
So if there is no solid model for continual income then it is bad news for that protocol.
And it is not just about them, it is about you too. If this token has no reason to…
