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Tonight! At 6:30 pm ET, learn how to use and invest in Uniswap, Aave, Chainlink, and more in our Hands-On DeFi Workshop.
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This new guide lists DeFi sites where an airdrop may be coming in the future -- so you may be rewarded with free tokens for testing them out now. The first five are Element.fi, Hop, DeFi Saver, Ondo, and Saddle. |
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What are you paying to acquire a single user on leading DeFi projects? (When you're paying less, you may be getting a better value.) |
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Hi Everyone,
Though it's true that market prices are nearly impossible to predict, especially in the short term, I can say with a fair amount of confidence that we're very likely to see the top of shiba inu quite soon, if we haven't already.
A total gain of approximately 930% over the last month is pretty massive, even in the crypto market.
For the last few days, with rumors that shiba inu is about to get listed on Robinhood and a broad pullback in the crypto market, the young meme coin has captivated the short attention span of the blockchain industry.
According to LunarCRUSH data, it's even coming close to overtaking bitcoin in terms of social volume, a feat I don't think has ever been accomplished by any digital currency. |
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Many millionaires have already been made, possibly even a few billionaires. Will shiba inu reach a value of $0.01 and a $30 trillion market cap?
Probably not, but there's clearly no shortage of people who think it's worth a shot. |
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Stuck in a range
Speaking of that pullback though, bitcoin the bellwether is now about 15% off the all-time high forged last week, trading at it's lowest rate since Oct. 15.
I'd like to wish a warm welcome to my fellow panelists, who I've taken the liberty of adding to our newsletter. Welcome Ben Levisohn, Philip Gradwell and Katie Stockton!!
Sure, we've had a breakout to new all-time highs, but so far bitcoin has not been able to confirm that breakout with a solid new support level.
The pitfalls of climbing too quickly is that we often fail to build up familiar pivot points and fail-safes.
In this chart, I've added the famous Fibonacci indicator, which suggests the most likely levels for a bitcoin retracement. As we can see, we're testing the first one now. |
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Further discussion
Really appreciate all of the amazing feedback you have been sending regarding the newsletter.
I certainly enjoy the high-level conversation, the well-thought-out questions, and all the insight you all provide.
Now that I have said that, I want to wish you all a great morning/afternoon/evening. |
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Mati Greenspan Analysis, Advisory, Money Management |
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Bitcoin Market Journal is a daily newsletter focusing on blockchain and crypto investments. It is written and edited by Evamarie Augustine, Charles Bovaird, Mati Greenspan, John Hargrave, and Alex Lielacher.
Paid subscribers get full access to our top crypto picks; both free and paid subscribers get content to build them into better investors.
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