🧘‍♂️ALERT: Explosive Hot Crypto

Market Meditations | November 8, 2021

Within a Trending New Narrative

Dear Meditators

A warm welcome to the 248 meditators who joined our community last week. You’ve joined at a good time!

Today’s meditations: 

  • ? NYC x Crypto 

  • ? BTC, ETH & A Hot New Narrative 

  • ? NFT Fever 

  • ? Our Essential Scan the Week Calendar

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?The City That Never Sleeps on Crypto

Cryptocurrency being accepted across cities in the United States is becoming a common theme these days. 

In Missouri, Mayor Jayson Stewart wants to give $1000 in BTC to all residents of his town while the mayor of Jackson, Tennessee actively seeks to receive property taxes and pay employees with bitcoin.

Not to be outdone, it looks like the Mayor of the Big Apple is continuing his advocacy for cryptocurrency’s embrace and awareness according to an interview with CNN yesterday.

  • In the video, incoming NYC Mayor Eric Adams said he’d like to see schools teach crypto in the Empire State. 

  • In a reply to a tweet from Miami Mayor Francis Suarez, Adams revealed he will be receiving his first three paychecks in Bitcoin when he takes office. 

  • Last Thursday, a series of tweets highlighted five cities across the United States with pro-crypto mayors. 

As the total cryptocurrency market cap approaches $3 trillion, endorsements and adoptions continue to populate headlines. 

Celebrities and cities alike now find themselves clamouring to get in as close to the ground floor as possible before being left behind

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. 

? BTC, ETH & New Narratives 

High conviction and bullish are the words of the day. 

We had predicted that ETH would outperform BTC and indeed it has.

Today, we will consider BTC, ETH and a hot new narrative. 


Aggressively bullish structure. 

Expect to see some sort of resistance just under $5k. Very common to experience this below key levels. 

After some resistance, further pump anticipated. Sights set on $5k and onwards. 

Conviction remains high, with Raoul Pal recently stating an Ether ETF looks hopeful for the first half of 2022.


Also pumping and approaching ATHs.

Sights set on $70k. However, we still expect ETH to outperform BTC this run.

Bitcoin is an essential indicator of the health of the market. 

On chain metrics suggest decreasing balances on exchanges, an indication of strong buyer appetite. 

Exchange Token Narrative 

When market conditions are bullish, altcoins tend to do well. Albeit, there are always outperformers. To identify them is an art. It requires identification of trending narratives. Recently, we’ve discussed the following narratives:

1) Alternative Layer 1 Solutions (SOL, AVAX, DOT etc)
2) NFT Games (Particularly games that can incorporate Play-to-Earn or Metaversal features or both) 

Today, we discuss exchange token narratives.


The crypto.com native coin is pumping hard. 

Missed the big breakout? No problem. Remember, you can always draw Fibonacci levels and look for entries when you see a retracement to key levels. To learn how to draw Fibonacci levels, check out our guide.

Crypto.com have also recently: 

  • Listed on Coinbase 

  • Signed a 5 year deal with Formula 1

  • Secured a partnership with UFC to launch their NFT line 

  • Brought on Matt Damon as their brand ambassador 

Other exchange narrative tokens include BNB and FTT.

Remember, these exchanges are all competitors and if you consider any single one of them, you’ll realise just how high they set the bar and continue to raise the bar. The sky’s the limit and we’ve all got a space reserved on the moon.

Keep missing pumps and opportunities? Consider becoming a FREE subscriber to stay ahead of the crypto market. 

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  • ✅ Podcasts With Crypto Leaders

? NFT Palooza

Non-fungible tokens. It seems that at this point, even grandparents and cavemen have heard of NFTs. This industry is rapidly growing and that did not stop this last week! Just last week, there were:

  • The Strokes, Lil Baby, Chris Rock, Aziz Ansari, and Questlove performed for an exclusive party put on by Bored Ape Yacht Club. 

  • Quentin Tarantino is minting 7 new Pulp Fiction uncut scenes as NFTs. He says that they will reveal secrets about the film. 

  • There were 15 different NFT themed billboards in Times Square in NYC. 

  • With 5500 tickets sold to the NFT conference in NYC, there were 3,000 people left on the waitlist. 

This recent crypto surge and raised awareness in NYC is only leading to a more rapidly growing and evolving industry. With more eyes, there can be more innovation and a draw toward developing creative projects.

How can we benefit? 

If we are active members on crypto Twitter (CT) and are up-to-date with the news, we can see who is backing certain projects. Right now, celebrities are endorsing many projects and though their endorsement does not tell us about the project itself, it may sometimes divulge some micro trends that will ensue with the project.

On Mondays, our ‘Scan The Week’ section is designed to show our community what events and headlines we will be keeping an eye on.

Monday, 8th November

  • ⚙️ Cronos Mainnet Launch
    Cronos is the first Cosmos EVM chain for DeFi, NFTs and Metaverse. It aims to massively scale the DeFi and decentralised application ecosystem, by providing developers with the ability to instantly port apps from Ethereum and EVM-compatible chains.

Wednesday, 10th November

    The XDEFI IDO will be open for 24 hours only, starting at 14:00 UTC on 10 November 2021 on MISO, Sushi’s IDO launchpad. All participants must have first been whitelisted via THORChads, DegenScore or the internal XDEFI Wallet process. For more on XDEFI, check out our guide

Thursday, 11th November

  • ?️ Polkadot Parachain Auction
    The first parachain slot auction starts on November 11 and ends one week later. These auctions are a great opportunity to learn more about the Polkadot ecosystem and to win exposure to some of the pioneering projects building on it. For more about participating in the auctions and which projects you can support, read our simple guide

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??‍♂️✍️ Stories in this newsletter were written by Kyle F., Misael Calleja, Nick T., Max P., 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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