8/16/22 Daily NFT Gaming Alpha ✅
Intro 👋: Hey famz, hope y’all have been doing amazing! There are quite a bit of alpha posts to go over so let’sss get into it.
Daily Market Sentiment 📉:
BTC: Stilllll unable to break 25k resistance for the fourth time and now hovering around 24k. Ascending triangle is still in play with it being invalidated below ~23.4k. Let’s see if she retests 25k for the 5th time or the 22k support. RSI is at 57(slightly overvalued).
ETH: Just got rejected at 2k with next strong support at 1750. Currently hovering at high 1890’s. Let’s see if she re-tests 2k or 1750. RSI is currently at ~65(overvalued). Other alts(ex. SOL/MATIC/AVAX) are following suit.
NFT Gaming: Currently stagnant in crypto price but slowly decreasing in FIAT price as the other major coins decrease.
Chats: Slight fear in chats but overall still active with degens and some new community members trickling in from others.
The Playzz 🎮:
Today 🎇: None today, just mostly in cash.
Floor Checks 🧹: Not checking any as everything is still ~fair value to slightly overvalued short term so nothing really to buy/sell. Will see if Mecha Fight Club/Dusk Breakers pumps before their reveal this week.
Case Studies 🔍:
Very interesting dive into the Sandbox unlocks that recently happened. I think this shows the importance of researching tokenomics: allocations, unlock dates, vesting periods, and etc. Along with making sure no unusual token unlocks are happening week to week(ex. rug pull).
By learning how to know when certain tokens are released and timing it with the overall market, you’re able to create some awesome plays. Ex. if there’s a strong market correction during a bull market along with a token unlock, you can usually make a solid swing trade play as it’ll probably recover. Or if it happens during a bear market, you can wait until most tokens are unlocked/volume is stagnant(price action looks horizontal) before swooping up some tokens/NFTs.
Big News 🔊:
Really like Adim’s approach to community growth of consistently meeting with their members to discuss various topics, doing writing tasks together, inviting prominent guests, highlighting their members’ achievements, and more.
Very cool to see MixMob continue its development with its recent MixLab and now incoming quests. Think their 2nd alpha release is incoming next month too.
Capital Talk 💸:
Very cool to see another chess game(think there was another one but forgot lmao).
Very interesting to see big Web2 companies investing in Web3. I already knew Paypal, Blackrock, and Google were big in the space but didn’t realize other players like Samsung, Tencent, and Goldman Sachs were really big in the space.
Education 📚:
Very entertaining article explaining the dynamics of most mainstream/retail to whales/influencers. Most people don’t want to put in the work: interacting with the team/community to gauge authenticity, analyzing tokenomics, reading whitepapers, watching volume to monitor demand, looking into a team’s past experience, etc. They would prefer latching on to meme coins that are already pumped or jump on to an influencer’s calls to save them.
However, the positive of this is that they are not held responsible for their actions. So when there’s an inevitable loss, they have someone else to blame, not themselves. But the irony is that it was their fault for latching on to someone else to make decisions for them. It’s hard being responsible for your life. But it’s also harder regretting not taking responsibility later down in the line.
Closing Thoughts ✨:
A cool question to ask yourself daily is “What can I do to make today awesome?” We often get in monotonous routines doing the same thing in the same manners daily. Switching things up could be a fun spark! Ex. going to work in a different route, trying a new exercise routine, listening to a new podcast, trying new foods, hitting a close friend up that you haven’t reached out to in a long time, etc.
Make time to be excited about your present moment as that will always be what you will experience. Not the past. Not the future. Just now :)
***Would appreciate any help with donations below. The dream is to open up my own investment firm(will also give priority access to future alpha and investments in future) and do this full-time to create even better research/alpha for y’all :)
ETH/BNB/MATIC/AVAX: 0xf45B42B64c44397Ea5F08DFAE70d1237F93D606f
SOL: CUb4zufz6jY5mDHenW2rhxhK4gt6jKuwxkrFHXbTgzjh
https://accounts.binance.us/en/register?ref=56612173
https://www.coinbase.com/join/long_hct
https://www.webull.com/activity?inviteCode=eeJivN3KQtCg&source=invite_gw&inviteSource=wb_oversea
Thanks for tuning in and until next time Fam!