In This Issue
- My latest portfolio updates.
- Jesse has a deep dive for you on the 9 biggest metaverse projects.
- Web3 Academy has an article on why mobile wallet hardware is key to Web3 adoption.
- Sam has a report for you on Cardano NFT marketplaces.
- Rebecca breaks down this week’s trending coins.
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Buy, trade, and hold 600+ cryptocurrencies on Binance
Lark’s Portfolio
This Week’s Moves
I bought some more Bitcoin at 17.4k.
I sold the GMT tokens that I received from my venture investment.
I invested in one new token sale for a Fortnite like game called Eden Brawl.
The Next Big Thing
Finding the next narrative is an eternally tricky and uncertain science in crypto. But here are a few ideas to keep an eye moving into 2023.
Liquid Staking: This is a narrative that has taken off big time in recent weeks. This is because the Ethereum Shanghai testnet has been announced for February, which if successful will see staking unlocks for ETH happen as soon as March. This is a much shorter term narrative. Speculation is already running hard on coins like LIDO, FXS, and RPL. The question is do they have further to run? The answer. Maybe. I would look for pull backs as the initial hype fades and then watch for market moves as the testnet date approaches and then the actual launch on mainnnet happens. This would most likely be a sell the news moment by the way with prices of staking protocols falling in the days after staking withdrawals launch.
AI: I think this is definitely a narrative to watch in 2023. ChatGPT being valued at 29 billion is insane and Microsoft is rushing to buy a 49% stake at that valuation. This has led to and could continue to see a big interest in AI coins. You can see a list of coins here. Just be careful, because like with metaverse the hype can die down real fast and leave you holding the bag. What we would need to see for further price gains in AI coins would be something beyond ChatGPT. Basically more narrative, more hype.
NFTs: I think we will continue to see many mini NFT cycles throughout 2023. While I have not made tracking new NFT collections and the latest narratives in the NFT space a priority, Sam has been keeping you up to date with our weekly NFT reports and new mints. I will be curious to see what collections emerge from the bear market as the future blue chips? A few I personally keep track of are World of Women, Cyber Brokers, and Doodles. But at the end of the day, who knows what the new hot things will be next cycle. Chances are they are some of the new collections being launched in the bear market when no one cares or is paying attention. Watch for high quality artists and / or strong founders.
Celestia & Sui: I know I keep saying it, but the new blockchains launching this year or which have recently launched stand a good chance at being the “big things” next cycle. When and where possible chase those airdrops, we have shared many guides. These could be worth THOUSANDS! That being said, if you miss the airdrops then you will need to buy on the secondary market. Which means be…
