🧘‍♂️ALERT: Something Seriously Special

Market Meditations | November 1, 2021

Here’s How We Know

Dear Meditators

Welcome to a new week and month in crypto!

October saw BTC prices rally 40%… What does November have in store for us? Whatever it is, Market Meditations will provide all the coverage and analysis you need.

Today’s Meditations: 

  • ? Coinbase Hacks

  • ✅ Essential Technical Analysis 

  • ? Something Seriously Special: Metaversal Updates: Decentraland and Sandbox

  • ? Our Scan the Week Calendar

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?Coinbase User Lost $11.6 Million

As crypto enthusiasts and investors, it is our job to keep our crypto safe. There are times where we may let our guard down. That is what happened last April to a Coinbase user by the name of GR. 

He had around $11.6 million stolen from his Coinbase account in less than 10 minutes! Let’s take a look at how this happened to prevent this from happening to any of us

  • After purchasing 200 bitcoins, GR received a notification that alerted him his Coinbase account was locked. 

  • To unlock his account, he called the number on the notification thinking he would get connected with Coinbase support. 

  • Instead, GR was connected with someone else who had him make a series of changes to his account which included allowing remote access to the account

  • Within minutes of making these changes, he had lost roughly 206 bitcoin. This investigation is still undergoing and we can only hope that GR is able to recover his funds. 

What can we learn from this?

We should remember that pop-up notifications and phishing attempts are the easiest ways to get scammed. In order to remain vigilant, we must remain calm if we see a serious notification or warning pop up. Scammers try to catch us off guard and get us emotional


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. 

ETH/USD

Be very cautious, the market will try to shake you out again and again. Expect a lot of volatility.

A more advanced trader might be scalping on and off.

For most people, holding and keeping $4k as an invalidation seems sensical.

BTC/USD

Watching $60k, key psychological level we want to hold. Another key structural level at $58k that we would not want to slip below.

Market may try to shake people out of their BTC positions as well.

Particularly given we have the Federal Reserve meeting on Wednesday. Some investors believe tapering will negatively impact BTC. Cannot rule out some volatility over the next few days.


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?Are You Game?

Decentraland’s token, MANA, soared to over $4 this weekend. Following Facebook’s rebranding of itself as “Meta”, the virtual world’s currency surpassed a $7.5 billion market cap briefly on Saturday, according to CoinMarketCap.

  • Decentraland is a decentralised 3D virtual reality platform built on the Ethereum network. 

  • Managed and controlled by a Decentralized Autonomous Organization (DAO), Decentraland is governed by holders of its native tokens. 

  • In the platform’s metaverse, you can do anything from build environments, marketplaces, and applications to purchase land, play and explore creations of other players. 

  • Earlier this month, Paris Hilton and Deadmau5 partnered with Decentraland when she signed up to be one of the headline artists for the inaugural Metaverse Festival, which ran from Oct. 21 – 24. 

But MANA wasn’t the only metaverse token to benefit from the social media giant’s publicity. The Facebook effect seems to have also impacted the price of The Sandbox (SAND) this weekend, as it put in a new all-time high on Saturday

If you’d like to get a first-hand look at what’s going on in Decentraland’s metaverse, it’s completely free to explore.


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, 1st November

  • ? ChainBoost’s Polkafantasy Whitelist Deadline
    ChainBoost, an NFT & DeFi Focused Incubator and Boostpad​​, has reopened whitelisting for Polkafantasy. Due to high transaction fees this past week, the deadline has been extended until today.

  • ? NFT NYC
    Join  “the Leading Annual Non‑Fungible Token Event” for an opportunity to experience a variety of presentations and fireside chats on the evolution and status of the NFT space, including talks from entrepreneur Gary Vaynerchuk of VeeFriends, Miguel Angel Romero of Nifty Giftway, and a variety of real NFT artists.

Tuesday, 2nd November

  • ⚙️COTI Mainnet 2.0 Release
    COTI’s Trustchain is the base infrastructure of our systems and products. COTI’s Mainnet 2.0 is taking its performance to the next step, starting with basics such as database performance enhancements up to faster transaction confirmations

Wednesday, 3rd November

  • ?? Federal Reserve Meeting
    Tapering is expected at the next Federal Reserve meeting. This may create a risk-off environment and some volatility for cryptocurrency. 

Thursday, 4th November

  • ? TABConf 2021
    TABConf is The Atlanta Bitcoin Conference — an event for building communities, providing education, and supporting developers. Join for a variety of speeches, workshops, and more.


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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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