🧘♂️Recap: Crypto Week of Jan.31
Market Meditations | February 5, 2022
Never miss a beat.
Dear Meditators
It’s not that you want to miss the latest crypto news and insights. These things happen.
? Our weekly recaps have you covered.
Every Saturday, we will highlight the main events of the week ✅ So you can review, reflect and factor them into next week’s trading and investing decisions.
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FRIDAY
☄️ A Journey Through Space, Time and Charts.Check out our technical analysis on ETH plus some interesting altcoins you may want to catch. Click to find out more.
?Malware Bites! Crypto users have a new cybersecurity threat on the horizon. Commonly used browser extension wallets, like the popular MetaMask and Coinbase Wallet, are prime targets for the malware. Click to find out how to protect yourself.
?The Tezos Tea Party. Crypto is new to everyone including “The Taxman” which is why you need to tread carefully to not end up like a Nashville couple making gains in crypto. Click to find out more.
THURSDAY
? Hidden Gem or Fool’s Gold? Shitcoin is a term used by crypto investors to describe coins that have little or no actual value but receive hype or publicity to artificially inflate prices through pure speculation instead of utility. But can they actually be good investments? Click to find out.
?️ Too Deep into A Wormhole! Wormhole, a token bridge allowing users to seamlessly bridge wrapped assets between supported chains, has been compromised. Click to find out how.
ETH “Firing” Away?. You may recall the most recent “update” to Ethereum from last year: the EIP-1559 protocol. According to Nansen Analytics, there has been $1.096 billion worth of Ethereum burned in the past month thanks to this protocol. Click to find out more.
WEDNESDAY
? That’s A Wrap. Wrapped assets area cryptocurrency token that is pegged to the value of another, native version of that token. But why are they useful and how can you profit off of them. Click to find out.
? Nifty Idea. Most crypto assets are on a downtrend right now. But one asset is holding its strength and even had soem projects ris ein value is NFT’s. Click to find out why.
☣️ Dissolving DAOs. DAOs have risen to fame quickly but will the be here for the long run? Click to find out.
TUESDAY
? Lessons Learnt from the Dotcom Bubble. Many people in crypto now weren’t around when the dotcom bubble burst in the 1990’s. Let’s see what we can learn from this and apply it to the current crypto market click to find out more.
? No Wonder Land. Wonderland shot to fame in Q4 last year with their charismatic leader ‘Dani’ in the driving seat. But with the rollercoaster events of the last week, have the wheels now come off? Click to find out.
? Phantom Wallet Achieves Unicorn Status. Popular Solana based wallet Phantom has a total valuation of $1.2 billion achieving what is known as a unicorn status. Click to find out the details.
MONDAY
? A Tale of 4 Cryptos. Here we have your Monday dose of technical analysis on not one, not two but four coins. Click to find out our plays.
? Minecraft NFT Scam? Last week, Blockverse launched an NFT that appeared to be affiliated with Minecraft and sold millions worth of coins. After selling $1.2 million in tokens, they deleted everything! Click to find out the full story.
?⚖ The States of Crypto. A state official is looking to strengthen the stance of Arizona and bring it to the top of the list of pro-cryptocurrency states. But why? And what exactly is going on? Click to find out.
? Friday: Why It’s Ok to Get Rugged with Diran
Diran is head of data engineering at Messari.
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.
Disclosure. Some of the links we’ve included are affiliate, they give you rewards and discounts and earn us a commission. Additionally, the Market Meditator writers hold crypto assets. See our investment disclosures here.
