MAJR Newsletter 025
Crypto Fire Sale: Get in While Supplies Last
@tverd
MAJR NEWS BRIEF
In this morning’s brief, I wanted to update everyone on the crypto fire sale still going on and the potential buying opportunities to keep an eye on.
Exactly a month ago, we published a newsletter detailing the current nature of the crypto market offering discounts across the board. Well, the sale got extended. This is a great chance for new buyers to get in or existing players to accumulate and build their portfolio before the second leg of the bull market kicks in. Bitcoin has been range bound bottoming around $30k and could potentially see more consolidation before we trend up. Anywhere below $40k is a steal for bitcoin, and ether is in the same boat being 57% off its high. Outside of these, there are numerous projects we like that have the potential to see big upside.
“I am really excited about it because as soon as bitcoin drops a little more, I’m going to buy some more.”
U.S. Senator Cynthia Lummis earlier this week
Below is a short list of great deals available now. Listed top - down by risk and difficulty to acquire. Included are percentages off highs (at time of writing) and where to find them.
Chainlink (LINK) | -66% |ExchangesPolkadot (DOT) | -69% |ExchangesLitecoin (LTC) | -68% |ExchangesAAVE (AAVE) | -71% |ExchangesKusama (KSM) | -70% |ExchangesTerra (LUNA) | -77% |ExchangesSolana (SOL) | -49% |ExchangesEnjin (ENJ) | -75% |ExchangesDecentraland (MANA) | -70% |ExchangesLivepeer (LPT) | -55% |ExchangesSkale (SKL) | -82% |ExchangesMirror Protocol (MIR) | -67% |ExchangesSerum (SRM) | -79% |Exchanges
Enjoy.
Brevin White
IN OTHER NEWS:
An indicator that has historically marked major price bottoms is pointing to a renewed flow of capital into bitcoin.
Bitcoin will now soon become legal tender in El Salvador. To mark the occasion, the President said that every citizen who signs up for the state-sponsored crypto wallet, Chivo, will receive $30 in free Bitcoin.
Colombia’s capital city, Bogota, has unveiled a $2.8 billion investment program to finance blockchain companies. Investments between $10 million and $50 million will be made in 100 companies, which will receive advice on implementing blockchain technology into their business models.
U.S. stocks edged higher Friday and headed toward weekly gains, buoyed by renewed confidence in a global economic expansion.
The U.S. will revive trade and investment talks with Taiwan next week in a move intended to draw Washington and Taipei closer. This is likely to irk Beijing.
FACTS
Since March 2020, the M2 money supply has grown by $4 trillion.
The Fed has printed the equivalent of 6 Bitcoin networks.
TOP STORIES
BITCOINKey Indicator Shows Capital Beginning to Flow Back Into Bitcoin, Coindesk
Bitcoin Miner TeraWulf to Merge With Nasdaq-Listed Ikonics, Coindesk
El Salvador Citizens Eligible for Free Airdrop of $30 in Bitcoin, Decrypt
Elon Musk agrees to speak with Twitter CEO Jack Dorsey at Bitcoin event, Cointelegraph
CRYPTOColombia’s Capital Unveils $2.8B Blockchain Investment Plan, Coindesk
London MET Police Seize $158 Million in Massive Crypto Raid, Decrypt
Solana Mounts Bullish Recovery as Crypto Markets Rebound, Decrypt
DAOs prepare to face off: Would vigorous IP battles be good for DeFi?, Cointelegraph
MACROS&P 500 Opens Higher to Extend Weekly Gains, WSJ
Consumer Spending is Primed to Fuel Summer Growth, WSJ
U.S. and Taiwan Set Date to Revive Trade and Investment Talks, WSJ
India Warns of New Versions of Delta Variant Spreading, WSJ
MEDIAInvesting In and Hedging Crypto Markets (w/ Chris Sullivan and Raoul Pal)
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THIS IS NOT FINANCIAL ADVICE. IT’S IMPORTANT TO DO YOUR OWN RESEARCH. INVESTING IN CRYPTOCURRENCY OR ANYTHING FOR THAT MATTER COMES WITH RISK. THE INFORMATION PRESENTED IN THIS NEWSLETTER IS FOR INFORMATION AND ENTERTAINMENT PURPOSES ONLY.