In This Issue
- My latest portfolio updates.
- Jesse has a deep dive for you on the top 6 AI coins with massive potential in 2023.
- Web3 Academy has an article on how DAOs will revolutionize the way we work.
- Sam has a report for you on Doodles NFTs.
- 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 added a little more BTC at $22,800 earlier this week. I added an order to buy some more JOE at 20 cents. I added a third buy order for ROSE, this time at $0.055. But with how fast ROSE is moving I don’t know if it will catch anytime soon. ROSE is getting caught up in the AI hype. Anyway, just small nibbles on both orders.
I sold some GMT from my venture investment. Leaving the money in USDT for now. I also received some EFI from my venture investment. I am holding it for now.
As the market has been pumping I have been reflecting a little on some of the bags I cut at a loss over the last months. So let’s talk about two of them.
- TVK: This doubled in price since I sold my small little moon bag I had been hanging on to. My reasons for selling this were more to clear up mind space and get the capital out. I had already made big money on TVK. They could still do great in the future especially when metaverse hype comes back and considering the small market cap there could be an upside to that when it happens. My reasons for selling made sense at the time and still do.
- LOOKS: Looks Rare is an NFT marketplace. Since I sold it the coin has pumped by around 100%. Leading me to ask, did I make the wrong decision? In this case, it would have been better to wait to sell since the coin pumped. But coins do that. They pump. The real question is has my reason for selling been invalidated? And my answer to that is no. While Looks Rare is in 6th place by NFT marketplace. The reality is that the gap between #1 and #2 and #3 is HUGE! As is the gap between #3 and #4 and #5. Looks Rare is only capturing around 1/40th of the daily trading volume. And with Amazon getting into the NFT game soon it will put a lot of pressure on lower-tier NFT markets.
Also, one thing I have also been reflecting on is why did I miss RDNT? I was watching the coin, but failed to pull the trigger. Perhaps I am just suffering a bit from bear market PTSD? Was it the anon team that made me pause? A little. Was it the huge incoming token inflation? Yeah, a little of that too. But otherwise, it fit the bill, DeFi, Arbitrum, low market cap. Perhaps my lesson here was that I have not moved quick enough with the changing markets. I did not trust my gut enough. And I am still feeling burnt by a very tough year in 2022. Luna, UST, Celsius, FTX… it all hit hard. Anyway, I might still ape some money into it, but now my ego gets in the way because I could have bought it for much lower.
Arbitrum Season Keeps Going
GMX hit a new all-time high this week. This is a coin we have been tracking for a while, and it underlines to me the strength of the Arbitrum narrative and that attention…
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.
