New to crypto? Cryptocurrency Basics is a 9 minute video that serves as a great intro to the world of crypto. It’s part of my Crypto and Web3 for Absolute Beginners course.
Bear markets reveal blue chips. — Crypto Twitter
If you stay ready, you ain’t gotta get ready. I ready. — Andy Mineo
In this issue:
NITRO! (3 can’t-miss things)
Illiquidity can be good sometimes?!
LUNA hits new ATH of $104
Want to work in web3?
Jasper is my writing tool of choice. If you want to harness artificial intelligence to make it fast and easy to create content for your blog, social media, website, emails and more then check Jasper out here!
NITRO!
News: Helium Miners From Lisbon to Miami Say It's Location, Location, Location
Thread: Building the Google of NFTs
Illiquidity can be good sometimes?!
I ran into someone who said illiquidity can be a features and not a bug sometimes. I’ve actually come across several stories of early crypto adopters who simply couldn’t sell because it was too hard early on who ended up HODLing because basically they had no choice and made a huge profit.
Interesting.
Sometimes (oftentimes) illiquidity is a sign that you’re interesting in a project is early. Sometimes that can be frustrating (“Crap, there’s nobody who wants to buy my X!”) but sometimes it’s not a bad thing. Here’s the tweet that kicked this all of:
LUNA hits new ATH of $104
LUNA has been on my list of “most-interesting” crypto assets for awhile now. Disclaimer: I haven’t bought yet.
From CoinDesk:
LUNA’s new milestone makes it an outlier among large-cap cryptocurrencies, with names like bitcoin (BTC), ethereum (ETH), cardano (ADA), binance (BNB), avalanche (AVAX) and solana (SOL) down 40-70% from all-time highs.
What’s driving this?
Behind that strong demand is Terra’s Anchor Protocol, a decentralized finance (DeFi) platform advertising an annualized percentage yield (APY) of nearly 20% on Terra stablecoins. That high yield compared to other stablecoin lending protocols has attracted an influx of capital into Terra in recent weeks. The total value locked (TVL) on the platform soared to $12.6 billion, making it the largest DeFi protocol by TVL in the Terra ecosystem, according to data provider DeFi Llama.
Want to work in web3?
See you next time (and don’t forget to check out Jasper — if you like it (I love it!) and signup using my link it helps support this newsletter!