🧘‍♂️ALERT: What Next For Crypto?

Here’s what we think…

Dear Meditators

Has Santa come early? The market is looking hot.

Today’s Meditations:

• BTC, LUNA and SAND Analysis

• Top 5 Trends in 2022

• Metaversal Beef

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Our Market Meditations are longer format educational segments. Each letter features a Market Meditation which will deep dive and analyse a relevant crypto event, theme or tool. 

? Has Santa Come Early?

BTC/USD

Many crypto market participants have been quick to rejoice. Calling this the Santa Claus Rally.

Indeed, we are edging into the bullish zone.

We remain cautious however and wouldn’t tell Rudolph to take the day off just yet. 

Stay alert until we see confirmation through a weekly close above the $50k level. 

LUNA/USD 

Looking good. Unstoppable even. Moving Averages look strong.

This doesn’t look like a trend to fight. And so, we can turn to trailing fibonacci levels.

Trailing fibonacci levels can be used for potential entries. If we do this, we see that $80 looks interesting. 

SAND/USD

Looks like it’s gearing up for another reversal.

We’ve retraced past the 0.382 of the move down.

Continuation to $7 doesn’t seem out of the question. 

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? 5 Bets for 2022

2021 has been a wild ride in the cryptosphere. In preparation for the new year, let’s talk about 5 bets we are ready to make for 2022. 

• Multichain – If you read our newsletter yesterday, you know that ‘ETH Killers’ have been gaining ground, although they are not killing Eth, the future is multi-chain.

• Cross Chain – Protocols will deploy on multiple chains. Once you trust a developer or protocol on one chain, of course you will trust them on another. For instance, Uniswap, recently went live on Polygon.

• Stablecoin Variations – Stablecoins have been such a hot topic in 2021, even regulators haven’t been able to stop talking about them. 

• The Evolution of NFT’s – NFTs took over crypto in 2021. As asset tokenization becomes more popular and useful, we are bound to learn both the pros and cons.

• US Regulation – One thing we can surely look forward to in 2022 is the increasing presence of US regulations. From taxes to stablecoins, US regulators have been itching to add regulations to the digital asset space.

2022 will bring a lot more than what we listed here, but this is a starting point of what to expect. We will see how DAO’s evolve, whether any P2E games can replicate Axie’s explosive growth and much more.

? Web3 Tweets and Dorsey Beefs

Web3, the next iteration of the internet as we know it, has claimed center stage on Twitter. 

At the helm of the debate is former Twitter CEO Jack Dorsey, aligning himself with Bitcoin maximalists suspicious of forms of cryptocurrency outside of BTC.

• The internet is currently dominated by a small number of major platforms. A simmering debate is heating up over where control of Web3 will reside.

• Venture Capitalists (VCs) holding large amounts of tokens present a problem to maximalists, who fear alternative cryptocurrencies may be dominated by VCs.

• Dorsey tweeted a warning to decentralization visionaries calling attention to venture capitalists’ ability to incentivize centralization by attracting projects and platforms to ultimately fall under their control.

The debate attracted the attention of names like Coinbase CEO Brian Armstrong and Gemini Co-founder Tyler Winklevoss, who weighed in with their opinions. This eventually resulted in Dorsey unfollowing their respective accounts over the philosophical differences in approach to Web3.

There’s no denying the amount of VC money pouring into Web3 apps, solutions, and other use cases. 

For now, we can at least realize and appreciate the importance of this movement by acknowledging the scope with which it’s being addressed on one of the largest social media platforms. 

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??‍♂️✍️ Stories in this newsletter were written by D. Beverly, Kyle F., Max P., Nick T., Kimia K., Ellen B. and Koroush AK. Graphics were produced by Gerasimos P.

Not financial or tax advice. The content in this newsletter is for informational purposes only. Nothing in this email is intended to serve as financial advice. We are not financial advisors. Every investment and trading move involves risk. Do your own research when making a decision. See our important security disclaimers here. 

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