📈Red everywhere! Remember, red is our enemy!
Degens want green only, crypto can only go up!!
GM degens👊
Go ahead and get your first bite of that cheap homemade sandwich you’re eating. You ain’t eating sushi today with all the red we have seen on the markets, most likely related to interest rate fears. Oh, and that early retirement you were thinking about, better postpone it for a couple more years!
Downward graphs everywhere, at least I was hoping Tether was up🤡 (for those who are not familiar with Tether [USDT], it is basically a cryptocurrency backed by an equivalent amount of USD, meaning it is pegged to the dollar value).
💀OpenSea goes live with Solana-based NFTs marketplace
OpenSea marketplace was trading heavily on Ethereum based NFTs. The introduction of Solana-based NFT marketplace comes as an expansion seeing all the growth in trading from Magic Eden (Solana nr1 marketplace) with roughly $170 million traded volume last month as well as seeing the weakness in OpenSea’s NFT Dominance. 🥶
Personally, not a huge fan of Solana NFTs as historically this has attracted a lot of scammers. There are almost no barriers to entry and gas fees are extremely low to the point where it will cost only a few bucks to deploy a smart contract (for comparison, it can cost a couple of thousands of dollars on Ethereum blockchain).
🙅♂️Crypto outpaces NFT interest again
One thing we have noticed early in January of 2022 is the popularity of NFTs rose to the point where it overcame the interest about crypto. This period lasted for a month only, now crypto is leading back again.
Interestingly enough, for the last 12 months, Taiwan and Japan were the leaders in google searches for NFTs while Netherland and Belgium for crypto. One thing to note is that this space is growing rapidly, especially NFT market. While back in April 2021 were only 50k users in NFT space, today that number has skyrocketed to 1.5 million users. If you are reading this, you are early early, just like dot-com companies back in late 90s.
Bitcoin2022 conference is happening
One of the biggest conferences for Bitcoin is happening those days, from 6-9th of April, and that in the middle of Miami Beach. That tells you a lot about tech bros, they would rather spend time with other degens talking about BTC in a conference than having piña colada on the beach! 🍸
Ticket price for General Admission is $1099 which is expensive but if you want to make it easier on yourself, think about it in BTC terms which costs only 0.000023BTC.
Lot of big shots will be there, including Petter Thiel, Ricardo Salinas, Michael Saylor etc. In terms of agenda, they will be talking about lot of interesting stuff including but not limited to: Bitcoin+Banks, Synthetic Bitcoin Products, Collateral & Bitcoin Mortgages, Building Bitcoin Communities, Bitcoin is F*ck You Money etc.. Definitely a good opportunity to connect with people who are already involved in the space. 🤗
👩🏽🎓 Degens Vocabulary
This will be a daily section where we will keep you updated with the web3 space vocabulary (will be using them more often once audience gets more familiar with them).
FOMO,- Fear of missing out. That moment when you degen into something just because you feel like you are missing out, which most likely leads to a point where you buy ATH (all-time high) and then panic sell ATL (all-time low). If you have never FOMOed, are you really even a decent degen?! Probably not.🗞️ Other news in the space
Bitcoin, Ethereum Drop on Interest Rate Fears as Crypto Market Loses $130 Billion
Britain Announces Plan To Create A Global Cryptoasset Hub
Paris Blockchain Week Summit (Apr 13th-14h)
